Kipp Baltimore Inc
- Assets
- $8.1m
- Revenue
- $24.9m
- Investments
- $0.0
- Employees
- 134
- Location
- Baltimore, MD
- Founding
- 11/2002
- Data as of
- 06/2022
- EIN
- 52-2342513
Organization Overview
Kipp Baltimore Inc is located in Baltimore, MD. The organization was established in 2002. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Kipp Baltimore Inc employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp Baltimore Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Kipp Baltimore Inc generated $24.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $24.3m during the year ending 06/2022. While expenses have increased by 4.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF KIPP BALTIMORE IS TO CREATE AND OPERATE PUBLIC SCHOOLS IN BALTIMORE CITY THAT LEAD STUDENTS FROM LOW SOCIOECONOMIC BACKGROUNDS AND A DIVERSITY OF SKILL LEVELS TO ATTEND AND SUCCEED IN FOUR-YEAR COLLEGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIPP RECEIVES FUNDING FROM THE BALTIMORE CITY PUBLIC SCHOOL SYSTEM THROUGH THE BOARD OF SCHOOL COMMISSIONERS TO MANAGE AND OPERATE A PUBLIC SCHOOL SERVING THE BALTIMORE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marsha Reeves Executive Director | Officer | 40 | $193,133 |
Megan Hall Chief Of Staff | 40 | $133,425 | |
Ken Rutherforrd Director Of Finance & Admin. | 40 | $115,117 | |
Eryn Lessard Director Of Dev. & Internal Affairs | 40 | $103,607 | |
Jit Sinha President | OfficerTrustee | 1 | $0 |
Yehuda Neuberger Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,303,856 |
| All other contributions, gifts, grants, and similar amounts not included above | $886,670 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,190,526 |
| Total Program Service Revenue | $16,597,364 |
| Investment income | $90 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,854,328 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $214,813 |
| Compensation of current officers, directors, key employees. | $16,216 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,034,332 |
| Pension plan accruals and contributions | $82,622 |
| Other employee benefits | $2,817,053 |
| Payroll taxes | $1,209,512 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $141,851 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $109,117 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $538,901 |
| Advertising and promotion | $0 |
| Office expenses | $165,100 |
| Information technology | $268,896 |
| Royalties | $0 |
| Occupancy | $1,135,236 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $845 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $837,112 |
| Insurance | $0 |
| All other expenses | $206,418 |
| Total functional expenses | $24,316,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,584,222 |
| Savings and temporary cash investments | $901,979 |
| Pledges and grants receivable | $180,891 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $107,364 |
| Net Land, buildings, and equipment | $3,258,656 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,941 |
| Total assets | $8,114,053 |
| Accounts payable and accrued expenses | $1,186,910 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,186,910 |
| Net assets without donor restrictions | $6,544,508 |
| Net assets with donor restrictions | $382,635 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,114,053 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Kipp Baltimore Inc has recieved totaling $82,000.
| Awarding Organization | Amount |
|---|---|
Lockhart Vaughan Foundation Inc Baltimore, MD PURPOSE: EDUCATION. | $35,000 |
Baltimore Next Generation Investing Event Inc Baltimore, MD PURPOSE: financial support | $27,000 |
Brown Family Foundation Inc Butler, MD PURPOSE: UNRESTRICTED | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mastery Charter High School Philadelphia, PA | $43,740,057 | $52,618,647 |
Chesapeake Lighthouse Foundation Inc Laurel, MD | $97,823,093 | $48,417,489 |
D C Preparatory Academy Washington, DC | $90,604,234 | $48,510,869 |
Philadelphia Performing Arts A String Theory Charter School Philadelphia, PA | $27,708,411 | $43,176,770 |
Center City Public Charter Schools Washington, DC | $21,995,309 | $37,320,653 |
District Of Columbia International School Washington, DC | $84,723,985 | $38,898,239 |
Avon Grove Charter School West Grove, PA | $50,579,082 | $34,467,872 |
Monarch Academy Public Charter School Inc Baltimore, MD | $13,752,531 | $31,847,617 |
Lehigh Valley Academy Charter School Bethlehem, PA | $96,198,987 | $32,574,812 |
First Philadelphia Preparatory Charter School Philadelphia, PA | $56,045,316 | $34,220,830 |
Euphemia L Haynes Public Charter School Inc Washington, DC | $46,520,853 | $31,794,568 |
Esperanza Academy Charter School Philadelphia, PA | $8,238,215 | $31,395,314 |