2024-05-13T16:13:04-05:00 2023-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-07-01 834247585 KIPP NYC PUBLIC CHARTER SCHOOLS KIPP 2129912610 1501 BROADWAY 10TH FLOOR 1000 NEW YORK NY 10036 SUZANNE DEYOUNG CHIEF FINANCIAL OFFICER 2129912610 2024-05-13 1 SUZANNE DEYOUNG XXX-XX-XXXX 1 JOHN BUCKLEY CPA P00830631 5083669100 2024-05-13 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z NATALIE WEBB 1501 BROADWAY 10TH FLOOR 1000 NEW YORK NY 10036 149020840 0 X WWW.KIPPNYC.ORG X 2012 NY OPERATE AND MAINTAIN A PUBLIC SCHOOL CHARTERED BY THE NEW YORK STATE BOARD OF REGENTS. 6 6 1208 54 0 0 26960028 148002494 108610823 425497 0 56 308613 592793 135879464 149020840 63191 28570 0 0 86997512 96419297 0 0 0 49955298 50412560 137016001 146860427 -1136537 2160413 35948164 74783704 13146180 50774514 22801984 24009190 TOGETHER WITH FAMILIES AND COMMUNITIES, WE CREATE JOYFUL, 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 CREATE A MORE JUST WORLD. 0 0 127766897 28570 425497 OPERATION OF THE CHARTER SCHOOL FOR APPROXIMATELY 6,070 STUDENTS ATTENDING KINDERGARTEN THROUGH GRADE 12. 127766897 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 149 0 1 1208 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 2129912610 1501 BROADWAY 10TH FLOOR 1000 NEW YORK NY 10036 KANGE KANEENE CHAIR 2.00 0.00 X X 0 0 0 RICHARD TAFT TREASURER 0.50 0.75 X X 0 0 0 GWENDOLYN BRUNSON TRUSTEE 0.50 0.50 X 0 0 0 ADAOBI KANU TRUSTEE 0.50 0.00 X 0 0 0 RAFAEL MAYER TRUSTEE 5.00 5.25 X 0 0 0 ERICA DEWAN TRUSTEE 0.50 1.00 X 0 0 0 DIANE FLYNN INTERIM CFO/CHIEF REAL ESTATE OFF. 2.00 39.00 X 0 438390 34271 JAMES MANLY SUPERINTENDENT 36.00 4.00 X 349962 0 44322 ALICIA JOHNSON CHIEF EXECUTIVE OFFICER 2.00 39.00 X 0 351165 45030 NATALIE WEBB CHIEF SCHOOLS OFFICER 19.00 21.00 X 251387 0 46613 MALINI SRIDHARAN CHIEF OPERATING OFFICER 2.00 39.00 X 0 223717 15663 ALLISON WILLIS MANAGING DIRECTOR OF MS 35.00 5.00 X 242579 0 45116 TESSA KRATZ SR. MD OF KIPP FORWARD 16.00 24.00 X 0 183241 32355 MONICA SAMUELS PRINCIPAL IN RESIDENCE 32.00 8.00 X 174860 0 45888 QUINTON VANCE MD ELEMENTARY SCHOOLS 1.00 39.00 X 0 224095 37828 JOSEPH NEGRON PRINCIPAL 40.00 0.00 X 208772 0 32870 BARBARA DEPESA ASST. PRINCIPAL TEACH/LEARN 32.00 8.00 X 194021 0 35862 BRANDI VARDIMAN PRINCIPAL 40.00 0.00 X 193282 0 11295 ANTOINE LEWIS PRINCIPAL 40.00 0.00 X 188355 0 31986 GLENN DAVIS PRINCIPAL 40.00 0.00 X 179556 0 21690 BRIAN ZIED FORMER CHIEF FINANCIAL OFFICER 0.00 0.00 X 0 180224 27459 1982774 1600832 508248 172 1 1 0 KIPP NEW YORK INC 1501 BROADWAY SUITE 1000 NEW YORK NY 10036 MANAGEMENT FEE 16131815 NEW YORK CITY CHARTER SCHOOL CENTER 111 BROADWAY SUITE 604 NEW YORK NY 10006 CHARTER SCHOOL SUPPORT SERVICES 112159 2 147807725 194769 126080 148002494 STUDENT ACTIVITIES 611110 425497 425497 425497 56 56 OTHER REVENUE 900099 592793 592793 592793 149020840 425497 0 592849 28570 28570 1159628 1159628 75859720 75859720 2237982 2237982 11493414 11493414 5668553 5668553 17592854 17592854 132174 132174 113042 113042 2288488 2288488 305639 305639 1546960 1546960 3728232 3728232 11106509 11106509 18780 18780 2260682 2260682 1003291 1003291 STUDENT SUPPLIES AND MA 5727449 5727449 PROFESSIONAL DEVELOPMEN 1823071 1823071 STUDENT SERVICES 1429668 1429668 EQUIPMENT AND MAINTENAN 888017 888017 447704 63361 384343 146860427 127766897 19093530 0 14661002 11328875 8122752 6387050 6553654 7435477 22406548 15746384 6610756 6660164 0 42972138 35948164 74783704 5041633 4714012 166332 245803 300000 300000 7558744 45594170 13146180 50774514 X 22493248 23936723 308736 72467 22801984 24009190 35948164 74783704 2160413 -953207 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12123986 9205978 2918008 9041795 6531927 2509868 1240767 8479 1232288 6660164 RIGHT-OF-USE LEASE ASSETS - OPERATING 42418762 RIGHT-OF-USE LEASE ASSETS - FINANCE 553376 42972138 DUE TO KIPP NYC ENTERPRISE 289254 FINANCE LEASE LIABILITIES 564067 OPERATING LEASE LIABILITIES 44740849 45594170 X PART X, LINE 2: THE SCHOOL ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE SCHOOL HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT JUNE 30, 2023. THE SCHOOL'S INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE JURISDICTIONS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 IN PUBLICIZING ITS LOTTERY EACH YEAR FOR NEW STUDENTS ON WWW.KIPPNYC.ORG, THE SCHOOL INCLUDES ITS NON-DISCRIMINATION POLICY, WHICH STATES: "THE SCHOOL SHALL NOT DISCRIMINATE AGAINST ANY STUDENT ON THE BASIS OF ETHNICITY, NATIONAL ORIGIN, GENDER OR DISABILITY." THE NON-DISCRIMINATION POLICY IS ALSO INCLUDED IN THE HANDBOOK, WHICH IS AVAILABLE ON KIPP GO!, AND AT SCHOOL LOCATIONS. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED ASSISTANCE FROM THE U.S. DEPARTMENT OF EDUCATION, PASSED THROUGH THE NEW YORK DEPARTMENT OF EDUCATION, THE NEW YORK DEPARTMENT OF EDUCATION AND THE NEW YORK CITY DEPARTMENT OF EDUCATION DURING THE TAX YEAR. 1 TUITION ASSISTANCE 12 28570 PART I, LINE 2: WHEN RESTRICTED GRANT MONIES ARE RECEIVED, KIPP NYC PCS, CREATES A FUNDING SOURCE FOR EACH GRANT IN THEIR ACCOUNTING SOFTWARE TO TRACK ALL RELATED REVENUE AND QUALIFYING EXPENSES. ACCOUNTING REPORTS ARE RAN PERIODICALLY TO REVIEW AND MONITOR THE PROPER USE OF THE GRANT FUNDS AND UNDERLYING ACTIVITY. X X X X 0 0 0 0 0 0 0 1 0 DIANE FLYNN INTERIM CFO/CHIEF REAL ESTATE OFF. 0 426150 0 12240 0 0 0 10874 0 23397 0 472661 0 0 ALICIA JOHNSON CHIEF EXECUTIVE OFFICER 0 341037 0 10128 0 0 0 9756 0 35274 0 396195 0 0 JAMES MANLY SUPERINTENDENT 339835 0 10127 0 0 0 8458 0 35864 0 394284 0 0 0 NATALIE WEBB CHIEF SCHOOLS OFFICER 241889 0 9498 0 0 0 9768 0 36845 0 298000 0 0 0 ALLISON WILLIS MANAGING DIRECTOR OF MS 235655 0 6924 0 0 0 9252 0 35864 0 287695 0 0 0 QUINTON VANCE MD ELEMENTARY SCHOOLS 0 217495 0 6600 0 0 0 16024 0 21804 0 261923 0 0 JOSEPH NEGRON PRINCIPAL 202752 0 6020 0 0 0 10451 0 22419 0 241642 0 0 0 MALINI SRIDHARAN CHIEF OPERATING OFFICER 0 221467 0 2250 0 0 0 7225 0 8438 0 239380 0 0 BARBARA DEPESA ASST. PRINCIPAL TEACH/LEARN 194021 0 0 0 0 0 23734 0 12128 0 229883 0 0 0 MONICA SAMUELS PRINCIPAL IN RESIDENCE 168618 0 6242 0 0 0 10024 0 35864 0 220748 0 0 0 ANTOINE LEWIS PRINCIPAL 183435 0 4920 0 0 0 9750 0 22236 0 220341 0 0 0 TESSA KRATZ SR. MD OF KIPP FORWARD 0 177781 0 5460 0 0 0 9950 0 22405 0 215596 0 0 BRIAN ZIED FORMER CHIEF FINANCIAL OFFICER 0 180224 0 0 0 0 0 10250 0 17209 0 207683 0 0 BRANDI VARDIMAN PRINCIPAL 186252 0 7030 0 0 0 5066 0 6229 0 204577 0 0 0 GLENN DAVIS PRINCIPAL 174488 0 5068 0 0 0 9562 0 12128 0 201246 0 0 0 PART I, LINE 7 THE EXECUTIVE LEADERSHIP IS ELIGIBLE TO RECEIVE A BONUS. THE AMOUNT OF THE BONUS IS DETERMINED BY THE BOARD OF DIRECTORS AND BASED ON ESTABLISHED WRITTEN GOALS AND OBJECTIVES. MANAGEMENT EMPLOYEES ARE ALSO ELIGIBLE TO RECEIVE A BONUS THAT IS APPROVED BY THE CEO AND CFO BASED ON ESTABLISHED WRITTEN GOALS AND OBJECTIVES. FOR BOTH EXECUTIVE LEADERSHIP AND MANAGEMENT, THE DELIBERATION AND FINAL DETERMINATION IS TIMELY APPROVED AND DOCUMENTED. X 4 126080 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS A SERVICE AGREEMENT WITH KIPP NYC, LLC, (A DISREGARDED ENTITY OF KIPP NEW YORK, INC.), AN ENTITY WHICH PROVIDES OPERATIONAL AND ADMINISTRATIVE SUPPORT TO THE SCHOOL. INCLUDED IN THE SERVICES PROVIDED ARE HUMAN RESOURCES, TECHNOLOGY, DATA, OPERATIONS, FINANCE AND ACCOUNTING, RECRUITING, FUNDRAISING, INSTRUCTIONAL TRAINING AND PROGRESS MONITORING. FOR THE YEAR ENDED JUNE 30, 2023, THE ORGANIZATION INCURRED EXPENSE OF $17,592,854 FOR THESE SERVICES. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM WITH THE ASSISTANCE OF MANAGEMENT. MANAGEMENT WILL PROVIDE THE FORM 990 TO THE BOARD OF TRUSTEES BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS ADOPTED A CONFLICT OF INTEREST POLICY FOR THE GUIDANCE OF ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES OF THE CORPORATION. DISCLOSURE OF MATERIAL FACTS SURROUNDING A CONFLICT OF INTEREST SHALL BE MADE TO THE CHAIRPERSON OF THE BOARD. A KEY EMPLOYEE WHO WISHES TO USE STAFF ASSISTANCE, SERVICES OR FACILITIES FOR PURPOSES OTHER THAN CARRYING OUT PROFESSIONAL RESPONSIBILITIES MUST DISCLOSE THE CONFLICT TO THE CHIEF OPERATING OFFICER OF KIPP NYC, INC., WHO WILL EXERCISE DISCRETION IN ALLOWING OR DISALLOWING THE PROPOSED USE IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY COMPLETE DISCLOSURE FORMS DETAILING ANY TRANSACTIONS THAT MAY PRESENT POTENTIAL CONFLICTS OF INTEREST. THESE SIGNED DISCLOSURES ARE MAINTAINED BY THE ORGANIZATION AND ARE ALSO SUBMITTED TO THE DEPARTMENT OF EDUCATION OF NEW YORK STATE. THE CHAIRMAN OF THE BOARD REVIEWS ALL WRITTEN DISCLOSURES OF CONFLICTS OF INTEREST, HOWEVER RELATED PARTY TRANSACTIONS MUST GO THROUGH A FORMAL REVIEW BY A QUORUM OF THE BOARD CONSISTING OF INDEPENDENT DIRECTORS. THE BOARD'S INDEPENDENT DIRECTORS REVIEW THE TRANSACTION IN QUESTION TO DETERMINE ITS PROPRIETY, ITS IMPACT ON THE ORGANIZATION AND THE AVAILABILITY OF, AND NEED FOR, ANY CORRECTIVE MEASURES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S DETERMINATIONS OF COMPENSATION FOR THE SUPERINTENDENT, OTHER OFFICERS AND KEY EMPLOYEES ARE BASED ON COMPENSATION SURVEYS, RELATED MARKET RESEARCH, EVALUATION OF PERFORMANCE AND EXPERIENCE. COMPENSATION FOR THE AFOREMENTIONED POSITIONS ARE DETERMINED ANNUALLY AND APPROVED BY THE BOARD OF THE ORGANIZATION. THIS PROCESS AND THE FINAL DETERMINATIONS WERE TIMELY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. KIPP STAR COLLEGE PREP CHARTER SCHOOL 433 W 123RD STREET NEW YORK NY 10027 810758965 CHARTER SCHOOL NY 17085805 3339982 KIPP NYC PUBLIC CHARTER SCHOOLS KIPP NYC WASHINGTON HEIGHTS ACADEMY CHARTER SCHOOL 21 JUMEL PLACE NEW YORK NY 10032 810744057 CHARTER SCHOOL NY 18538350 6233313 KIPP NYC PUBLIC CHARTER SCHOOLS KIPP ALWAYS MENTALLY PREPARED ACADEMY CHARTER SCHOOL 1224 PLACE BROOKLYN NY 11213 810733405 CHARTER SCHOOL NY 19353518 5015896 KIPP NYC PUBLIC CHARTER SCHOOLS KIPP INFINITY CHARTER SCHOOL 625 W 133RD STREET NEW YORK NY 10027 810724664 CHARTER SCHOOL NY 42801273 3742927 KIPP NYC PUBLIC CHARTER SCHOOLS KIPP FREEDOM CHARTER SCHOOL 1825 PROSPECT AVENUE BRONX NY 10457 823914690 CHARTER SCHOOL NY 15421315 3889582 KIPP NYC PUBLIC CHARTER SCHOOLS KIPP BRONX CHARTER SCHOOL II 2246 JEROME AVE BRONX NY 10453 834346889 CHARTER SCHOOL NY 9101104 10876470 KIPP NYC PUBLIC CHARTER SCHOOLS KIPP BRONX CHARTER SCHOOL III 1825 PROSPECT AVENUE BRONX NY 10457 834355895 CHARTER SCHOOL NY 21948161 34390963 KIPP NYC PUBLIC CHARTER SCHOOLS KIPP BEYOND CHARTER SCHOOL 1501 BROADWAY 10TH FLOOR NEW YORK NY 10036 843635553 CHARTER SCHOOL NY 4676908 5703885 KIPP NYC PUBLIC CHARTER SCHOOLS KIPP ACADEMY CHARTER SCHOOL 250 EAST 156TH STREET BRONX NY 10451 113550982 CHARTER SCHOOL NY 501(C)(3) LINE 2 0 KIPP NYC FACILITY HOLDINGS INC 1501 BROADWAY SUITE 1000 NEW YORK NY 10036 463090135 DEVELOP, MANAGE, LEASE PUBLIC SCHOOL FACILITIES NY 501(C)(3) LINE 7 KIPP NYC PUBLIC CHARTER SCHOOLS 0 KIPP NEW YORK INC 1501 BROADWAY SUITE 1000 NEW YORK NY 10036 203971209 MANAGEMENT COMPANY NY 501(C)(3) LINE 12B, II 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0