2022-04-18T14:31:33-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2020-07-01 680502820 KIPP MEMPHIS KIPP 9014522682 2670 UNION AVENUE EXTENDED NO 1100 MEMPHIS TN 381124430 ANTONIO BURT EXECUTIVE DIRECTOR 9014522682 2022-04-14 1 ANTONIO BURT 999009999 WADE MCMULLEN CPA P00541671 6268577300 2022-04-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ANTONIO BURT 2670 UNION AVENUE EXTENDED SUITE 1100 MEMPHIS TN 381124430 25367687 0 X WWW.KIPPMEMPHIS.ORG X 2002 TN OVERSEES THE QUALITY, SUSTAINABILITY, AND GROWTH OF KIPP SCHOOLS IN MEMPHIS. 9 9 384 11 0 0 30011299 25162456 0 0 4038 2943 247105 202288 30262442 25367687 0 0 0 0 20262084 14997046 0 0 0 9198069 7955644 29460153 22952690 802289 2414997 17940328 15710263 8329124 3684062 9611204 12026201 X KIPP MEMPHIS COLLEGIATE SCHOOLS (KMCS) IS PART OF THE KIPP NON-PROFIT NETWORK OF COLLEGE-PREPARATORY, PUBLIC CHARTER SCHOOLS. KMCS BUILDS A PARTNERSHIP AMONG PARENTS, STUDENTS, AND TEACHERS THAT PUTS LEARNING FIRST. BY PROVIDING OUTSTANDING EDUCATORS, MORE TIME IN SCHOOL LEARNING, AND A STRONG CULTURE OF ACHIEVEMENT, KMCS HELPS ALL STUDENTS CLIMB THE MOUNTAIN TO AND THROUGH COLLEGE. 0 0 19189190 CHARTER SCHOOL OPERATION: TO PROVIDE INNER-CITY YOUTH COLLEGE-PREPARATORY PUBLIC EDUCATION WITH EMPHASIS ON STRONG ACADEMICS, CHARACTER DEVELOPMENT, AND SUPPORT WITH THE COLLEGE ADMISSIONS PROCESS. CURRENTLY OPERATING FIVE SCHOOLS AND EDUCATING NEARLY 2250 STUDENTS IN MEMPHIS. 19189190 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 58 0 1 384 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X ANGELA CARR 9013205270 2670 UNION AVENUE EXTENDED SUITE MEMPHIS TN 38112 RYAN GIBBS GOVERNANCE CHAIR/ BOARD CH 4.00 X X 0 0 0 SIMONE MEEKS FINANCE CHAIR/TREASURER 2.00 X X 0 0 0 MCKINLEY MARTIN JR BOARD MEMBER 2.00 X 0 0 0 MICHELL ARMSTRONG ACADEMIC CHAIR 2.00 X 0 0 0 SABRINA DAWSON BOARD MEMBER 2.00 X 0 0 0 SARAH LOCKRIDGE-STECKEL BOARD MEMBER 2.00 X 0 0 0 SHA HOLLIDAY BOARD PARENT 2.00 X 0 0 0 HOLLY COLEMAN BOARD MEMBER 2.00 X 0 0 0 LARITHA SWEET BOARD MEMBER 2.00 X 0 0 0 MIKARA DAVIS BOARD MEMBER 2.00 X 0 0 0 TRAVIS GREEN BOARD MEMBER 2.00 X 0 0 0 KENDRA FERGUSON EXECUTIVE DIRECTOR 50.00 X 255972 0 90489 KEITH CURTIS MANAGING DIRECTOR OF FINAN 50.00 X 116697 0 13669 GRETCHEN LEAVY MANAGING DIRECTOR OF OPERA 50.00 X 129877 0 11629 ANDREW BOBOWSKI SCHOOL LEADER 50.00 X 113574 0 22711 616120 0 138498 4 0 1 0 TECHNOLOGY LAB 1829 JO JOHNSON AVE NASHVILLE TN 37203 COMPUTER SUPPORT AND SERVICES 523468 ENRICHED SCHOOLS 612 ANDREW HIGGINS BLVD NEW ORLEANS LA 70130 SUBSTITUTE TEACHERS 219468 SPACES GROUP LLC 7760 TRINITY ROAD CORDOVA TN 38018 COMMERCIAL FURNITURE DEALER 178054 3 24565396 597060 25162456 2943 2943 OTHER REVENUE 900099 192499 192499 GENERAL SCHOOL FUNDS 900099 9789 9789 202288 25367687 0 0 205231 503714 428157 75557 11661327 10098958 1562369 869799 789209 80590 1093334 963727 129607 868872 763704 105168 8986 8986 978177 697587 280590 26773 11670 15103 2309969 1218077 1091892 2010158 1907864 102294 5432 4958 474 6853 6853 86520 86520 65342 65342 DISPOSAL OF ASSETS 698567 698567 FOOD SERVICES 665226 665226 DUES AND MEMBERSHIPS 390634 389355 1279 INSTRUCTIONAL MATERIALS 307345 196279 111066 395662 269332 126330 22952690 19189190 3763500 0 9190297 7166021 1164296 710478 46305 24358 1273153 1004769 1053471 268384 2899187 6485959 4641835 17940328 15710263 1265576 1224153 7063548 2459909 8329124 3684062 X 9611204 12026201 0 0 0 0 9611204 12026201 17940328 15710263 2414997 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 329809 125793 204016 904252 839884 64368 39092 39092 0 268384 DEFERRED OUTFLOWS PENSION 1590608 PENSION ASSET 3051227 4641835 GRANT ADVANCES AND LOANS 1170000 DEFERRED INFLOWS PENSION 1289909 2459909 X 25367687 0 25367687 0 25367687 22952690 0 22952690 0 22952690 PART X, LINE 2: THE SCHOOL HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). AS AN EXEMPT CORPORATION, THE SCHOOL MUST OPERATE IN CONFORMITY WITH THE IRC IN ORDER TO MAINTAIN ITS TAX-EXEMPT STATUS. THE SCHOOL IS ALSO EXEMPT FROM STATE INCOME TAX. THE SCHOOL EVALUATES THE INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN TO DETERMINE WHETHER THE POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE SCHOOL HAS DETERMINED THAT THE APPLICATION OF THE INCOME TAX STANDARD DOES NOT IMPACT THE OPERATIONS OF THE SCHOOL AND THAT NO PROVISION FOR INCOME TAX IS REQUIRED IN THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL IS GENERALLY NO LONGER SUBJECT TO EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2017. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE CHARTER MAKES ITS NONDISCRIMINATORY POLICY KNOWN THROUGH ITS WEBSITE AND ON THE STUDENTS' APPLICATIONS. THE CHARTER DRAWS ITS STUDENTS FROM THE LOCAL COMMUNITY, AND CURRENTLY ENROLLS STUDENTS FROM VARIOUS RACIAL MINORITY GROUPS. SCHEDULE E, PART I, LINE 4 SCHOLARSHIPS AND FINANCIAL ASSISTANCE AWARDS INFORMATION IS NOT APPLICABLE BECAUSE THERE IS NO COST TO STUDENTS. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES GRANTS FROM THE US DEPARTMENT OF EDUCATION, TENNESSEE DEPARTMENT OF EDUCATION, AND SHELBY COUNTY SCHOOLS. ADDITIONALLY, CHARTER IS ELIGIBLE FOR LOCAL, STATE, AND FEDERAL PROGRAMS. X X X 0 0 0 0 0 0 0 0 0 KENDRA FERGUSON EXECUTIVE DIRECTOR 255972 0 0 0 0 0 80642 0 9847 0 346461 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE CORPORATION SHALL BE KIPP FOUNDATION, A CALIFORNIA CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B THE CHARTER AND BYLAWS MAY BE AMENDED ONLY BY APPROVAL OF BOTH THE SOLE MEMBER AND THE BOARD OF DIRECTORS OF THE CORPORATION. THE SOLE MEMBER SHALL HAVE THE ONLY VOTE AT ANY MEETING OF THE SOLE MEMBER. ANY ACTION WHICH MAY BE AUTHORIZED OR TAKEN AT A MEETING OF THE SOLE MEMBER MAY BE AUTHORIZED OR TAKEN WITHOUT A MEETING, WITHOUT PRIOR NOTICE AND WITHOUT A VOTE IF A CONSENT IN WRITING, SETTING FORTH THE ACTION SO TAKEN, IS SIGNED BY THE SOLE MEMBER. ANY SUCH WRITTEN CONSENT SHALL BE FILED WITH OR ENTERED UPON THE RECORDS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE FINANCE CHAIR/TREASURER FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST MAY EXIST WHEN THE INTERESTS OR ACTIVITIES OF ANY DIRECTOR, OFFICER OR STAFF MEMBER MAY BE SEEN AS COMPETING WITH THE INTEREST OR ACTIVITIES OF THIS CORPORATION, OR THE DIRECTOR, OFFICER OR STAFF MEMBER DERIVES A FINANCIAL OR OTHER MATERIAL GAIN AS A RESULT OF A DIRECT OR INDIRECT RELATIONSHIP. MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S PAY IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE EXECUTIVE BOARD MUST VOTE TO APPROVE THE EXECUTIVE DIRECTOR'S COMPENSATION AS A DIRECT ACTION. THE OFFICERS AND KEY EMPLOYEES' PAY IS DETERMINE BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE EXECUTIVE BOARD MUST VOTE TO APPROVE THE OFFICERS AND KEY EMPLOYEES' COMPENSATION AS A DIRECT ACTION. DOCUMENTATION IS TAKEN DURING THE EXECUTIVE BOARD MEETINGS. 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 REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.