Kipp Foundation
- Assets
- $116.1m
- Revenue
- $78.3m
- Investments
- $0.0
- Employees
- 287
- Location
- San Francisco, CA
- Founding
- 11/2007
- Data as of
- 06/2023
- EIN
- 94-3362724
Organization Overview
Kipp Foundation is located in San Francisco, CA. The organization was established in 2007. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Kipp Foundation employed 287 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp Foundation 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 Foundation generated $78.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $104.6m during the year ending 06/2023. While expenses have increased by 6.8% 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.
Since 2015, Kipp Foundation has awarded 279 individual grants totaling $237,032,160. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE PUBLIC SCHOOLS THAT EQUIP EDUCATIONALLY UNDERSERVED STUDENTS WITH SKILLS TO SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NETWORK GROWTH & SUSTAINABILITY: THE KIPP FOUNDATION SUPPORTS STRONGER, MORE CAPABLE KIPP REGIONS THAT ARE DELIVERING ON ALL ASPECTS OF KIPP'S MISSION. THE KIPP FOUNDATION PARTNERS WITH REGIONAL EXECUTIVE DIRECTORS AND SENIOR LEADERS TO UNDERSTAND THEIR UNIQUE CONTEXT TO SUPPORT THEM ON GROWTH, REGIONAL SCALE, AND PRIORITY PLANNING. THE KIPP FOUNDATION OFFERS KIPP REGIONS: - COACHING FOR EXECUTIVE DIRECTORS; - FINANCIAL AND OPERATIONAL SUPPORT; - INTEGRATION AND SCALE SUPPORT; - STRATEGIC LEADERSHIP AROUND NEW SITE DEVELOPMENT; - LEGAL AND TECHNOLOGY SUPPORT.
KIPP FORWARD:THE KIPP FOUNDATION SUPPORTS KIPP SCHOOLS AND REGIONS IN STRENGTHENING THEIR COLLEGE COUNSELING AND ALUMNI ADVISING TO ENSURE THAT KIPP ALUMNI ARE PREPARED FOR THE EDUCATIONAL AND CAREER PATH THAT FITS THEIR GOALS AND SENSE OF PURPOSE. THE KIPP FOUNDATION HAS CREATED A SET OF NATIONAL INITIATIVES AND PROGRAMS DESIGNED TO SUPPORT AND PROVIDE RESOURCES TO LOCAL KIPP FORWARD PROGRAMS ACROSS THE COUNTRY. THESE PROGRAMS INCLUDE: - COLLEGE PARTNERSHIPS; - SUPPORT FOR KIPP ALUMNI ON COLLEGE CAMPUSES; - CAREER EXPOSURE AND EXPLORATION; - AND PROFESSIONAL DEVELOPMENT FOR SCHOOL LEADERS THROUGH TRAINING, AND SHARED TOOLS AND RESOURCES.NETWORK TALENT & LEADERSHIP DEVELOPMENT: THE KIPP FOUNDATION PARTNERS WITH KIPP REGIONS TO BUILD AND SUSTAIN HEALTHY TALENT ECOSYSTEMS TO ENSURE STRONG, EQUITABLE, INCLUSIVE TALENT PLANNING, RECRUITMENT, SELECTION AND DEVELOPMENT OF TEACHERS AND LEADERS. THE KIPP FOUNDATION ALSO SUPPORTS THE DEVELOPMENT OF KIPP PRINCIPALS AND DISTRICT LEADERS THROUGH A SYSTEMIC STRATEGY TO ENSURE HEALTHY PRINCIPAL PIPELINES.RESEARCH, DESIGN & INNOVATION: THE KIPP FOUNDATION SUPPORTS CONTINUOUS LEARNING AND IMPROVEMENT AMONG KIPP SCHOOLS & REGIONS BY:- CREATING ON-GOING VISIBILITY INTO KIPP'S NETWORK-WIDE PERFORMANCE AND GENERATING ACTIONABLE INSIGHTS; - ENSURING HIGH QUALITY DATA AND RESEARCH TO SUPPORT NETWORK LEADERS IN MAKING DATA-DRIVEN DECISIONS; AND - PROMOTING INNOVATION AND FACILITATING THE EXCHANGE OF IDEAS THROUGH NETWORK-WIDE RETREATS AND PROFESSIONAL DEVELOPMENT EVENTS.
ACADEMICS & CULTURE: TO ENSURE ALL KIPPSTERS EXPERIENCE A JOYFUL, ACADEMICALLY EXCELLENT, ANTI-RACIST EDUCATION, THE KIPP FOUNDATION PARTNERS WITH KIPP SCHOOLS AND REGIONS TO BUILD SYSTEMS THAT PROMOTE ACADEMIC EQUITY, ESTABLISH A HEALTHY AND EQUITABLE SCHOOL CULTURE, AND ENSURE TEACHERS ARE EFFECTIVELY SUPPORTED IN EXPANDING THEIR CONTENT KNOWLEDGE AND CULTURALLY RESPONSIVE PEDAGOGY. THE KIPP FOUNDATION ALSO PROVIDES KIPP SCHOOLS AND REGIONS WITH CURRICULUM, ASSESSMENT, AND OTHER INSTRUCTIONAL RESOURCES; AS WELL AS TRAINING AND IMPLEMENTATION SUPPORT TO MAXIMIZE INSTRUCTIONAL EFFECTIVENESS AND STUDENT OUTCOMES.
POLICY & PUBLIC AFFAIRS: THE KIPP FOUNDATION HAS ADOPTED A POLICY AND PUBLIC AFFAIRS STRATEGY TO:- PROACTIVELY SHIFT THE NARRATIVE ABOUT KIPP AND CHARTERS TO PROTECT AND GROW THE KIPP BRAND, ENGAGE MORE STAKEHOLDERS AND PAVE THE WAY FOR GROWTH; - BUILD AUTHENTIC RELATIONSHIPS ROOTED IN A SHARED AGENDA TO ADVOCATE NATIONALLY AND LOCALLY ON KEY POLICY PRIORITIES THAT SUPPORT STUDENTS AND ALUMNI ON THE PATH TO LEADING CHOICE-FILLED LIVES; - CONNECT ADULT ALUMNI TO EACH OTHER AND TO KIPP;- BUILD THE CAPACITY OF KIPP SCHOOLS & REGIONS TO LEVERAGE KIPP'S NATIONAL SCALE AND COMMUNICATE AND ADVOCATE PROACTIVELY IN A COORDINATED MANNER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Fisher Board Member | Trustee | 1 | $0 |
Katherine Bradley Chairman Of The Board | OfficerTrustee | 1 | $0 |
Reed Hastings Board Member | Trustee | 1 | $0 |
Emma Bloomberg Board Member | Trustee | 1 | $0 |
Martha Karsh Board Member | Trustee | 1 | $0 |
Michael Lomax Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Together Education Inc Curriculum Research & Development | 6/29/23 | $1,935,000 |
Robert Half Temporary & Placement Staffing | 6/29/23 | $626,589 |
Incomm Incentives Microgrant Disbursements & Fees | 6/29/23 | $604,945 |
Capital Hilton Conference Services | 6/29/23 | $517,720 |
Kah Consulting Llc Consulting Services | 6/29/23 | $480,377 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,803,743 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,262,048 |
| Noncash contributions included in lines 1a–1f | $9,893 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,065,791 |
| Total Program Service Revenue | $7,732,803 |
| Investment income | $3,287,571 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$740,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,346,517 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,876,332 |
| Grants and other assistance to domestic individuals. | $2,531,873 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,706,229 |
| Compensation of current officers, directors, key employees. | $872,315 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,731,498 |
| Pension plan accruals and contributions | $926,082 |
| Other employee benefits | $4,434,934 |
| Payroll taxes | $2,284,202 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $201,289 |
| Fees for services: Accounting | $250,553 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $571,122 |
| Fees for services: Other | $8,779,405 |
| Advertising and promotion | $945,926 |
| Office expenses | $1,924,376 |
| Information technology | $644,738 |
| Royalties | $0 |
| Occupancy | $954,937 |
| Travel | $3,366,671 |
| 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 | $538,859 |
| Insurance | $166,336 |
| All other expenses | $0 |
| Total functional expenses | $104,630,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $46,235,103 |
| Pledges and grants receivable | $16,289,168 |
| Accounts receivable, net | $6,527,286 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,133,334 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $637,423 |
| Net Land, buildings, and equipment | $1,335,558 |
| Investments—publicly traded securities | $33,965,088 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,943,189 |
| Total assets | $116,066,149 |
| Accounts payable and accrued expenses | $14,238,275 |
| 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 | $11,657,016 |
| Total liabilities | $25,895,291 |
| Net assets without donor restrictions | $43,371,946 |
| Net assets with donor restrictions | $46,798,912 |
| 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 | $116,066,149 |
Grants Awarded
Over the last fiscal year, Kipp Foundation has awarded $38,867,329 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
KIPP CHICAGO PURPOSE: COVID-19 ASSISTANCE, SCHOOL START-UP, MARKETING | $717,000 |
KIPP COLORADO SCHOOLS PURPOSE: COVID-19 ASSISTANCE, GPA ACADEMIC HEALTH, POSTSECONDARY MATCH, MARKETING, K-12 ACADEMICS-EARLY LEARNING | $131,402 |
KIPP CAPITAL REGION PUBLIC SCHOOLS (FKA ALBANY) PURPOSE: COVID-19 ASSISTANCE, POSTSECONDARY, K-12 ACADEMICS-EARLY LITERACY | $2,350,435 |
KIPP BALTIMORE PURPOSE: SCHOOL START-UP, COVID-19 ASSISTANCE | $77,407 |
KIPP COOPER NORCROSS ACADEMY PURPOSE: MENTAL HEALTH ASSISTANCE; POSTSECONDARY MATCH; FOUNDING SCHOOL LEADER DEVELOPMENT | $300,000 |
KIPP DC PUBLIC SCHOOLS PURPOSE: COVID-19 ASSISTANCE, GPA ACADEMIC HEALTH, CAREER INTEGRATION, K-12 ACADEMICS-COMPUTER SCIENCE, MARKETING, SCHOOL START-UP | $1,660,700 |