Kipp North Carolina Public Schools Inc
- Assets
- $5.4m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 54
- Location
- Durham, NC
- Founding
- Data as of
- 06/2023
- EIN
- 86-1211081
Organization Overview
Kipp North Carolina Public Schools Inc is located in Durham, NC. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2023, Kipp North Carolina Public Schools Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp North Carolina Public Schools 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 06/2023, Kipp North Carolina Public Schools Inc generated $8.8m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $6.1m during the year ending 06/2023. While expenses have increased by 8.3% per year over the past 2 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
SUPPORT OF MEMBER SCHOOLS IN NORTH CAROLINA
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIPP NC OPERATED FOUR PUBLICLY FUNDED CHARTER SCHOOLS IN NORTH CAROLINA, PROVIDING FACILITIES, TEACHERS, MATERIALS AND EDUCATION TO APPROXIMATELY 3,500 STUDENTS FOR FY ENDING 6/30/23
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Saintsing CEO | OfficerTrustee | 40 | $218,855 |
Anokhi Saraiya Chief Academ | Officer | 40 | $173,750 |
Michael Stimpfel CFO | OfficerTrustee | 40 | $158,269 |
Lizzette Cintron Chief Talent | Officer | 40 | $140,155 |
Christian Drake COO | OfficerTrustee | 40 | $142,688 |
Mai Li Munoz Chief Ext Af | Officer | 40 | $115,262 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $97,035 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $353,859 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $450,894 |
| Total Program Service Revenue | $8,337,444 |
| Investment income | $12,125 |
| 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 | $8,803,639 |
| 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. | $519,812 |
| Compensation of current officers, directors, key employees. | $129,953 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,748,814 |
| Pension plan accruals and contributions | $492,508 |
| Other employee benefits | $0 |
| Payroll taxes | $313,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $322,292 |
| Advertising and promotion | $1,930 |
| Office expenses | $66,599 |
| Information technology | $129,925 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $340,964 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $110,310 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,790 |
| Insurance | $14,888 |
| All other expenses | $0 |
| Total functional expenses | $6,131,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,293,155 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,729 |
| 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 | $50,587 |
| Net Land, buildings, and equipment | $10,476 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,433,947 |
| Accounts payable and accrued expenses | $89,550 |
| 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 | $89,550 |
| Net assets without donor restrictions | $5,344,397 |
| Net assets with donor restrictions | $0 |
| 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 | $5,433,947 |