Kipp Enc Public Schools
- Assets
- $36.0m
- Revenue
- $43.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Gaston, NC
- Founding
- 08/2001
- Data as of
- 06/2021
- EIN
- 74-2991314
Organization Overview
Kipp Enc Public Schools is located in Gaston, NC. The organization was established in 2001. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp Enc Public 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 06/2021, Kipp Enc Public Schools generated $43.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $25.0m during the year ending 06/2021. While expenses have increased by 7.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF NORTH CAROLINA PUBLIC CHARTER SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIPP ENC OPERATED THREE PUBLICLY FUNDED CHARTER SCHOOLS IN NORTH CAROLINA, PROVIDING FACILITIES, TEACHERS, MATERIALS AND EDUCATION TO APPROXIMATELY 2172 STUDENTS FOR THE FY ENDED 06/30/2020
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Roanoke Rapids Graded School Food Service | 6/29/17 | $248,737 |
Poyner Spruill Legal Service | 6/29/17 | $146,079 |
Durham Public Schools Food Service | 6/29/17 | $126,596 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,019,278 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,020,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,039,828 |
| Total Program Service Revenue | $22,614 |
| Investment income | $2,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,458 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,410,261 |
| 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. | $355,993 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,404,424 |
| Pension plan accruals and contributions | $1,052,638 |
| Other employee benefits | $1,575,851 |
| Payroll taxes | $1,045,449 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,957 |
| Fees for services: Accounting | $36,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $73,928 |
| Office expenses | $680,993 |
| Information technology | $479,090 |
| Royalties | $0 |
| Occupancy | $401,316 |
| Travel | $17,612 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $215,555 |
| Interest | $1,176,717 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,838,821 |
| Insurance | $432,839 |
| All other expenses | $819,137 |
| Total functional expenses | $25,002,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,326,845 |
| Savings and temporary cash investments | $334,981 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $220,737 |
| 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 | $1,627 |
| Net Land, buildings, and equipment | $27,843,635 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $265,750 |
| Total assets | $35,993,575 |
| Accounts payable and accrued expenses | $382,374 |
| Grants payable | $0 |
| Deferred revenue | $39,500 |
| 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 | $30,691,828 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,113,702 |
| Net assets without donor restrictions | $1,763,029 |
| Net assets with donor restrictions | $3,116,844 |
| 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 | $35,993,575 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kipp Enc Public Schools has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
Endowment Analysis
| Beg. Balance | $198,518 |
| Earnings | $18,388 |
| Net Contributions | $5,000 |
| Grants | $9,500 |
| Ending Balance | $212,406 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Drew Charter School Inc Atlanta, GA | $34,692,137 | $41,952,542 |
North Carolina Charter Educational Foundation Inc Mooresville, NC | $93,431,533 | $35,029,413 |
Lead Public Schools Inc Nashville, TN | $24,033,254 | $42,742,487 |
Kipp Nashville Nashville, TN | $80,824,528 | $47,985,945 |
Georgia Connections Academy Charter School Inc Duluth, GA | $22,514,475 | $38,349,918 |
Kindezi School Inc Atlanta, GA | $19,750,427 | $21,363,051 |
Kipp Enc Public Schools Gaston, NC | $35,993,575 | $43,410,261 |
Gestalt Community Schools Memphis, TN | $46,137,229 | $27,266,737 |
Foothills Education Center Inc Athens, GA | $29,237,884 | $30,776,964 |
Kipp Memphis Inc Memphis, TN | $24,468,081 | $25,479,805 |
Valor Collegiate Academies Nashville, TN | $48,008,126 | $29,376,935 |
Triad Math And Science Academy Company Greensboro, NC | $12,436,639 | $25,994,464 |