Kipp Colorado Schools
- Assets
- $21.4m
- Revenue
- $48.6m
- Investments
- $0.0
- Employees
- 480
- Location
- Denver, CO
- Founding
- 08/2002
- Data as of
- 06/2023
- EIN
- 80-0037534
Organization Overview
Kipp Colorado Schools is located in Denver, CO. 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 06/2023, Kipp Colorado Schools employed 480 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp Colorado 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 06/2023, Kipp Colorado Schools generated $48.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $41.5m during the year ending 06/2023. While expenses have increased by 11.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF KIPP (KNOWLEDGE IS POWER PROGRAM) IS TO HELP STUDENTS DEVELOP THE KNOWLEDGE, SKILLS, AND CHARACTER TRAITS NEEDED TO SUCCEED IN COLLEGE AND CAREERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TWO TRADITIONAL HIGH SCHOOLS (KIPP DENVER COLLEGIATE - BENEFITING APPROXIMATELY 471 STUDENTS AND KIPP NORTHEAST DENVER LEADERSHIP ACADEMY BENEFITING APPROXIMATELY 557 STUDENTS), TWO TRADITIONAL MIDDLE SCHOOLS (KIPP SUNSHINE PEAK ACADEMY - BENEFITING APPROXIMATELY 385 STUDENTS, AND KIPP NORTHEAST DENVER MIDDLE SCHOOL - BENEFITING APPROXIMATELY 462 STUDENTS), AND TWO TRADITIONAL ELEMENTARY SCHOOLS (KIPP NORTHEAST ELEMENTARY - BENEFITING APPROXIMATELY 496 STUDENTS AND KIPP SUNSHINE PEAK ELEMENTARY BENEFITING APPROXIMATELY 164 STUDENTS) OFFERING SCHOOL SUBJECTS IN ENGLISH, MATH, SCIENCE, AND HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tomi Amos Chief Executive Officer | Officer | 50 | $207,160 |
Leah Peters Chief Academic Officer | Officer | 50 | $173,102 |
Justin Vigil - Chief Strategy & Operations Officer | Officer | 50 | $148,527 |
Stephani Olson School Principal | 50 | $148,029 | |
Emily Yates Director Of Leadership Dev. | 50 | $121,662 | |
Elizabeth Dillon School Principal | 50 | $121,823 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Attuned Education Partners Consulting | 6/29/23 | $229,856 |
Backyard Schools Llc Consulting | 6/29/23 | $209,939 |
Denver Public Schools School Support | 6/29/23 | $4,630,569 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $77,210 |
| Related organizations | $0 |
| Government grants | $7,538,249 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,054,604 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,670,063 |
| Total Program Service Revenue | $33,458,527 |
| Investment income | $505,426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,924 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,624,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,719 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $630,199 |
| Compensation of current officers, directors, key employees. | $630,199 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,664,217 |
| Pension plan accruals and contributions | $5,239,311 |
| Other employee benefits | $1,539,567 |
| Payroll taxes | $316,460 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $222,920 |
| Fees for services: Accounting | $47,673 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,582,598 |
| Advertising and promotion | $68,240 |
| Office expenses | $573,302 |
| Information technology | $390,294 |
| Royalties | $0 |
| Occupancy | $2,190,998 |
| Travel | $151,908 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,903 |
| Insurance | $326,695 |
| All other expenses | $2,598,022 |
| Total functional expenses | $41,545,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,745,241 |
| Savings and temporary cash investments | $14,729,915 |
| Pledges and grants receivable | $361,126 |
| Accounts receivable, net | $186 |
| 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 | $182,196 |
| Net Land, buildings, and equipment | $30,908 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $330,834 |
| Total assets | $21,380,406 |
| Accounts payable and accrued expenses | $1,623,591 |
| Grants payable | $0 |
| Deferred revenue | $107,050 |
| 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 | $12,658,139 |
| Total liabilities | $14,388,780 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $6,960,718 |
| Paid-in or capital surplus, or land, building, or equipment fund | $30,908 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,380,406 |