2023-05-15T12:28:20-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2021-07-01 463090135 KIPP NYC FACILITY HOLDINGS INC KIPP 9179690284 1501 BROADWAY 1000 NEW YORK NY 10036 DIANE FLYNN CFO 9179690284 2023-05-11 1 DIANE FLYNN 999009999 DAVID M SEKERAK P01395497 2156433900 2023-05-11 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ALICIA JOHNSON 1501 BROADWAY 1000 NEW YORK NY 10036 1113570 0 X WWW.KIPPNYC.ORG X 2013 NY TO DEVELOP, MANAGE AND LEASE PUBLIC SCHOOL FACILITIES FOR KIPP SCHOOLS IN NEW YORK CITY 2 2 0 3 0 0 7128281 0 0 1113570 28 0 0 0 7128309 1113570 0 0 0 0 0 0 0 0 0 3281945 2901716 3281945 2901716 3846364 -1788146 55626281 30740634 40637924 17006958 14988357 13733676 THE ORGANIZATION WILL PRIMARILY SERVE TO DEVELOP, MANAGE AND LEASE PUBLIC SCHOOL FACILITIES AND FOSTER FURTHER RELATIONSHIPS WITH THE CITY OF NEW YORK TO ENSURE THAT ADEQUATE FACILITIES ARE AVAILABLE FOR HIGH PERFORMING CHARTER SCHOOLS OPERATING UNDER THE KIPP NAME IN NYC. 0 0 2480346 0 1113570 SCHOOL SUPPORT: THIS PROGRAM SERVES TO DEVELOP, MANAGE AND LEASE PUBLIC SCHOOL FACILITIES AND FOSTER FURTHER RELATIONSHIPS WITH THE CITY OF NEW YORK TO ENSURE THAT ADEQUATE FACILITIES ARE AVAILABLE FOR HIGH PERFORMING CHARTER SCHOOLS OPERATING UNDER THE KNOWLEDGE IS POWER PROGRAM (KIPP) NAME IN NEW YORK CITY (NYC). 2480346 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 2 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 NY X DIANE FLYNN 2129912610 1501 BROADWAY SUITE 1000 NEW YORK NY 10036 ALICIA JOHNSON COO 1.00 42.00 X 0 343836 12719 BRIAN ZIED CFO 1.00 42.00 X 0 275037 41702 AISHA CHRISTIAN SECRETARY TO JAN 2022 2.00 40.00 X 0 227269 29547 REBECCA SLEATH SECRETARY AS OF APR 2022 2.00 40.00 X 0 170533 29747 RAFAEL MAYER PRESIDENT 1.00 8.00 X X 0 0 0 RICHARD TAFT TREASURER 1.00 1.00 X X 0 0 0 DAVID LEVIN VICE PRESIDENT TO NOV 2021 1.00 5.00 X X 0 0 0 0 1016675 113715 0 0 1 0 DBI PROJECTS LLC 1261 BROADWAY STREET 9TH FLOOR NEW YORK NY 10001 PROJECT MANAGEMENT SERVICES 132365 1 RENTAL REVENUE 532000 1113570 1113570 1113570 1113570 1113570 0 0 460 460 15450 15450 211555 211555 1111593 1111593 181112 181112 1368753 1368753 REPAIRS AND MAINTENANCE 8765 8765 4028 4028 2901716 2480346 421370 0 170161 140765 41062581 11634397 54586553 29428184 1039728 1001524 55626281 30740634 5466243 1121863 19351681 15820000 15820000 0 65095 40637924 17006958 X 14988357 13733676 14988357 13733676 55626281 30740634 X -1788146 533465 X 0 1 X 1 0 X 530000 80067 7128281 7738348 530000 80067 7128281 7738348 6023102 1715246 1546 1049 587 103381 106563 7844911 1113570 0.21860 0.21860 X THE MISSION OF THE ORGANIZATION IS TO DEVELOP, MANAGE AND LEASE PUBLIC SCHOOL FACILITIES AND FOSTER FURTHER RELATIONSHIPS WITH THE CITY OF NEW YORK TO ENSURE THAT ADEQUATE FACILITIES ARE AVAILABLE FOR HIGH PERFORMING CHARTER SCHOOLS IN THE CITY OF NEW YORK. THIS MISSION DIRECTLY PROVIDES BENEFIT TO THE GENERAL PUBLIC BY SUPPORTING PUBLIC EDUCATION. A SIGNIFICANT PART OF ITS REVENUE COMES FROM A RELATED 501(C)(3) PUBLIC CHARITY WHOSE MISSION IS TO PROVIDE SUPPORT TO SCHOOLS AND PROGRAMS OPERATING IN NEW YORK CITY. THE ORGANIZATION'S BOARD REPRESENTS THE BROAD INTERESTS OF THE PUBLIC IN SUPPORTING PUBLIC EDUCATION. 41062581 11634397 29428184 29428184 DEFERRED RENT 65095 65095 X 1113570 0 1113570 0 1113570 2901716 0 2901716 0 2901716 PART X, LINE 2: THE ORGANIZATION RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX BENEFITS IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. AS OF JUNE 30, 2022, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE ORGANIZATION HAD NO INTEREST OR PENALTIES RELATED TO INCOME TAXES. PART XII, LINE 4B - OTHER ADJUSTMENTS: REFUND ON INTEREST EXPENSE INCLUDED AS INTEREST INCOME IN AUDITED FINANCIAL 0 0 0 0 0 0 0 0 0 ALICIA JOHNSON COO 0 328356 0 15480 0 0 0 9750 0 2969 0 356555 0 0 BRIAN ZIED CFO 0 261949 0 13088 0 0 0 9750 0 31952 0 316739 0 0 AISHA CHRISTIAN SECRETARY TO JAN 2022 0 216969 0 10300 0 0 0 9750 0 19797 0 256816 0 0 REBECCA SLEATH SECRETARY AS OF APR 2022 0 161733 0 8800 0 0 0 9750 0 19997 0 200280 0 0 PART I, LINE 3 NO COMPENSATION IS PAID BY KIPP NYC FACILITY HOLDINGS, INC. KIPP NEW YORK, INC., A RELATED 501(C)(3) PUBLIC CHARITY, USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: COMPENSATION COMMITTEE, FORM 990 OR OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 KIPP NYC FACILITY HOLDING, INC. HAS ONE CLASS OF MEMBERS. THE INITIAL AND CURRENT MEMBERS OF THE CORPORATION ARE: KIPP ACADEMY CHARTER SCHOOL ("KIPP ACADEMY"), KIPP NEW YORK, INC. ("KIPP NY"), AS WELL AS KIPP AMP CHARTER SCHOOL, KIPP INFINITY CHARTER SCHOOL AND KIPP NYC PUBLIC CHARTER SCHOOLS (COLLECTIVELY "KIPP NY SCHOOLS"). KIPP AMP CHARTER SCHOOL AND KIPP INFINITY CHARTER SCHOOL ARE BOTH DISREGARDED ENTITIES OF KIPP NYC PUBLIC CHARTER SCHOOLS, BUT EACH SCHOOL GETS ITS OWN VOTE, SO KIPP NYC PUBLIC CHARTER SCHOOLS EFFECTIVELY GETS THREE VOTES, WHICH EFFECTIVELY CONSTITUTES A MAJORITY. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER SHALL APPOINT ONE DIRECTOR TO THE KIPP NYC FACILITY HOLDINGS, INC. BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE GOVERNING DOCUMENTS MAY ONLY BE AMENDED, ALTERED OR REPEALED UPON THE UNANIMOUS VOTE OF THE MEMBERS OF KIPP NYC FACILITY HOLDINGS, INC. FORM 990, PART VI, SECTION A, LINE 8B THERE WERE NO COMMITTEE MEETINGS HELD DURING THE FISCAL YEAR. 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 DIRECTORS 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. IF A CONFLICT OR POTENTIAL CONFLICT IS IDENTIFIED, 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. RELATED PARTY TRANSACTIONS MUST GO THROUGH A FORMAL REVIEW BY A QUORUM OF THE BOARD CONSISTING OF INDEPENDENT DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 AS OF THIS TIME, THE ORGANIZATION PAYS NO COMPENSATION AND HAS NO EMPLOYEES. 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 XI, LINE 9: TRANSFER OF CANAL WEST 75, LLC NET DEFICIT TO PCS PROPERTIES FOUNDATION 533,465. 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