Kipp Dc Public Charter Schools
- Assets
- $479.4m
- Revenue
- $213.7m
- Investments
- $0.0
- Employees
- 1,640
- Location
- Washington, DC
- Founding
- 07/2001
- Data as of
- 06/2022
- EIN
- 74-2974642
Organization Overview
Kipp Dc Public Charter Schools is located in Washington, DC. The organization was established in 2001. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Kipp DC Public Charter Schools employed 1,640 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp DC Public Charter Schools 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 DC Public Charter Schools generated $213.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $219.3m during the year ending 06/2022. While expenses have increased by 12.0% 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
TOGETHER WITH FAMILIES AND COMMUNITIES, KIPP DC SCHOOLS CREATE JOYFUL, (CONT'D ON SCH O) ACADEMICALLY EXCELLENT SCHOOLS THAT PREPARE STUDENTS WITH THE SKILLS AND CONFIDENCE TO PURSUE THE PATHS THEY CHOOSE-COLLEGE, CAREER, AND BEYOND-SO THEY CAN LEAD FULFILLING LIVES AND BUILD A MORE JUST WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIPP DC IS CONSISTENTLY AMONG THE HIGHEST-PERFORMING PREK-12 PUBLIC SCHOOL SYSTEMS IN THE DISTRICT OF COLUMBIA. IN ADDITION TO OPERATING HIGH-PERFORMING SCHOOLS, KIPP DC IS SUPPORTED BY TWO CRITICAL PROGRAMS CENTRAL TO THE GOAL OF SUPPORTING STUDENTS AND ALUMNI PURSUE THE PATHS THEY CHOOSE: KIPP FORWARD AND THE CAPITAL TEACHING RESIDENCY. KIPP FORWARD SUPPORTS ALUMNI ON THE JOURNEY TO AND THROUGH COLLEGE, CAREERS, AND BEYOND, HELPING THEM NAVIGATE APPLICATION AND ENROLLMENT PROCESSES, ACCESS SCHOLARSHIPS AND FINANCIAL AID, CONNECT WITH COUNSELORS AND ADVISORS TO SUPPORT THEM ON THEIR PATHWAY, AND DEVELOP THE CONFIDENCE AND SELF-ADVOCACY THEY NEED TO SUCCEED IN LIFE. THE CAPITAL TEACHING RESIDENCY IS AN AWARD-WINNING TEACHER TRAINING PROGRAM DESIGNED TO INCREASE THE PIPELINE OF HIGHLY-EFFECTIVE EDUCATORS IN THE DISTRICT OF COLUMBIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Schaeffler Member/ceo | OfficerTrustee | 50 | $305,371 |
Kathy Williams Member/teacher Until 9/2021 | Trustee | 1 | $108,848 |
Antonia Oviedo Member/teacher | Trustee | 50 | $82,318 |
Tony Lewis Board Chair | OfficerTrustee | 3 | $0 |
John Duff Treasurer | OfficerTrustee | 2 | $0 |
David Bradley Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcn Build Llc Construction Services | 6/29/22 | $75,961,081 |
Preferrred Meals Services Inc Food Services | 6/29/22 | $2,658,048 |
Copperwood Capital (Lgc Security) Security Services | 6/29/22 | $2,219,307 |
Busy Bee Environmental Services Cleaning Services | 6/29/22 | $2,571,585 |
Dynamic Network Solutions Inc Technology Services | 6/29/22 | $1,721,365 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $422,019 |
| Government grants | $49,799,728 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,656,762 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,878,509 |
| Total Program Service Revenue | $154,263,914 |
| Investment income | $1,278,490 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $584,524 |
| Net Gain/Loss on Asset Sales | $5,340 |
| Net Income from Fundraising Events | $8,584 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $213,667,191 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,766,642 |
| Grants and other assistance to domestic individuals. | $505,077 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,579,587 |
| Compensation of current officers, directors, key employees. | $941,593 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,424,008 |
| Pension plan accruals and contributions | $6,092,810 |
| Other employee benefits | $7,008,032 |
| Payroll taxes | $8,865,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $529,383 |
| Fees for services: Accounting | $427,122 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $105,167 |
| Fees for services: Other | $17,543,417 |
| Advertising and promotion | $0 |
| Office expenses | $7,241,962 |
| Information technology | $1,086,967 |
| Royalties | $0 |
| Occupancy | $8,602,339 |
| Travel | $162,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,900,889 |
| Interest | $8,151,849 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,980,263 |
| Insurance | $979,825 |
| All other expenses | $1,175,005 |
| Total functional expenses | $219,264,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $738,074 |
| Savings and temporary cash investments | $49,166,875 |
| Pledges and grants receivable | $29,921,748 |
| Accounts receivable, net | $2,471,286 |
| 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 | $1,892,682 |
| Net Land, buildings, and equipment | $290,334,852 |
| Investments—publicly traded securities | $62,176,049 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,743,166 |
| Total assets | $479,444,732 |
| Accounts payable and accrued expenses | $11,150,289 |
| Grants payable | $0 |
| Deferred revenue | $394,948 |
| Tax-exempt bond liabilities | $237,446,823 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,140,812 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,537,039 |
| Total liabilities | $296,669,911 |
| Net assets without donor restrictions | $176,801,490 |
| Net assets with donor restrictions | $5,973,331 |
| 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 | $479,444,732 |
Grants Awarded
Over the last fiscal year, Kipp Dc Public Charter Schools has awarded $1,287,036 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KIPP DC SUPPORTING CORP PURPOSE: Teacher retention program | $1,250,000 |
KIPP DC DOUGLASS QALICB INC PURPOSE: to close out intercompany transactions | $37,036 |