Kipp Memphis Inc

Organization Overview

Kipp Memphis Inc is located in Memphis, TN. The organization was established in 2003. 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 Memphis Inc employed 362 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp Memphis 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 Memphis Inc generated $25.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $23.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

OVERSEES THE QUALITY, SUSTAINABILITY, AND GROWTH OF KIPP SCHOOLS IN MEMPHIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CHARTER SCHOOL OPERATION: TO PROVIDE INNER-CITY YOUTH COLLEGE-PREPARATORY PUBLIC EDUCATION WITH EMPHASIS ON STRONG ACADEMICS, CHARACTER DEVELOPMENT, AND SUPPORT WITH THE COLLEGE ADMISSIONS PROCESS. CURRENTLY OPERATING FIVE SCHOOLS AND EDUCATING NEARLY 1,700 STUDENTS IN MEMPHIS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Technology Lab
Computer Support And Services
$523,468
Enriched Schools
Substitute Teachers
$219,468
Spaces Group Llc
Commercial Furniture Dealer
$178,054
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $24,708,709
All other contributions, gifts, grants, and similar amounts not included above$242,009
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$24,950,718
Total Program Service Revenue$0
Investment income $2,204
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 $25,479,805

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Kipp Memphis Inc has recieved totaling $633,831.

Awarding OrganizationAmount
Kipp Foundation

San Francisco, CA

PURPOSE: POSTSECONDARY CAREER, MATCH, PERSISTENCE, AND TRANSFER & REENROLLMENT WORK; COVID-19 EMERGENCY FUNDING; EARLY LITERACY

$381,831
Community Foundation Of Greater Memphis Inc

Memphis, TN

PURPOSE: GENERAL OPERATIONAL SUPPORT

$199,000
J R Hyde Iii Foundation

Memphis, TN

PURPOSE: SUPPORT FOR TEACH TO ONE MATH IMPLEMENTATION FOR SY21-22

$53,000
View Grant Recipient Profile

Peer Organizations

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