2021-05-14T11:03:04-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2019-07-01 203971209 KIPP NEW YORK INC KIPP 2129912600 1501 BROADWAY NO 1000 NEW YORK NY 10036 BRIAN ZIED CFO 2129912600 2021-05-13 1 DAVID M SEKERAK P01395497 2156433900 2021-05-13 2019 2022-09-23 18:48:47Z ALICIA JOHNSON 1501 BROADWAY NO 1000 NEW YORK NY 10036 19790638 0 X WWW.KIPPNYC.ORG X 2005 DE TO PROVIDE SUPPORT FOR KIPP NYC SCHOOLS AND PROGRAMS 12 12 280 12 0 0 12544079 5533708 10980758 12694269 817347 736160 81743 213797 24423927 19177934 5031430 283453 0 0 12599784 13295950 0 0 637983 3820677 6333044 21451891 19912447 2972036 -734513 46856352 52127801 4275654 10281616 42580698 41846185 TO PROVIDE SUPPORT FOR KNOWLEDGE IS POWER PROGRAM (KIPP) NEW YORK CITY SCHOOLS AND PROGRAMS. 0 0 17757563 283453 12694269 TO PROVIDE SUPPORT TO KIPP NYC SCHOOLS. TO SOLICIT, RAISE, RECEIVE, HOLD, INVEST AND EXPEND FUNDS FOR THE ADVANCEMENT AND FURTHERANCE OF SUCH PURPOSES AND TO ENGAGE IN ANY AND ALL LAWFUL ACTIVITIES IN THE FURTHERANCE OF THE FOREGOING PURPOSES. 17757563 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 119 0 280 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X BRIAN ZIED 2129912600 1501 BROADWAY NO 1000 NEW YORK NY 10036 LISA BLAU TRUSTEE 2.00 0.00 X 0 0 0 JACK CHOROWSKY TRUSTEE 2.00 0.00 X 0 0 0 ADAOBI KANU TRUSTEE 2.00 0.00 X 0 0 0 ABIGAIL KLEM TRUSTEE 2.00 0.00 X 0 0 0 VALERIE LANCASTER-BEAL TRUSTEE 2.00 0.00 X 0 0 0 ANDREW PAUL TRUSTEE 2.00 0.00 X 0 0 0 FRED SCOTT TRUSTEE 2.00 0.00 X 0 0 0 RANDY SIMPSON TRUSTEE 2.00 0.00 X 0 0 0 MARVA SMALLS TRUSTEE 2.00 0.00 X 0 0 0 THOMAS J TISCH TRUSTEE 2.00 0.00 X 0 0 0 DAVID J LEVIN VICE-CHAIR 2.00 0.00 X X 0 0 0 LARRY ROBBINS CHAIR 2.00 0.00 X X 0 0 0 ALICIA JOHNSON CHIEF OPERATING OFFICER 40.00 0.00 X 323602 0 28677 BRIAN ZIED CHIEF FINANCIAL OFFICER 40.00 0.00 X 125030 0 12923 VICTOR ACOSTA MANAGING DIRECTOR, FACILITIES 40.00 0.00 X 171971 0 28780 DANA CORREALLE MANAGING DIRECTOR, FP&A 40.00 0.00 X 169148 0 33972 TESSA KRATZ MANAGING DIRECTOR, KTC 40.00 0.00 X 82941 82942 37219 EDWARD LAUX MANAGING DIRECTOR, TECHNOLOGY 40.00 0.00 X 227735 0 28896 KERRY MULLINS CHIEF PEOPLE OFFICER 40.00 0.00 X 200386 0 26661 ROSEANN SHEEHAN MANAGING DIRECTOR, OPS AND DATA 40.00 0.00 X 153591 0 14725 REBECCA ANNE SLEATH CHIEF OF STAFF 40.00 0.00 X 158128 0 26470 NATALIE WEBB MANAGING DIRECTOR, LEADERS DEV. 16.00 24.00 X 128962 79882 36548 LESLIE BILLIE REGIONAL DIRECOR OF OPERATIONS 40.00 0.00 X 138845 0 22463 AISHA CHRISTIAN GENERAL COUNSEL 40.00 0.00 X 183642 0 24438 LESLIE KIM MANAGING DIRECTOR, ACADEMICS 40.00 0.00 X 157406 0 20690 CRAIG VARSA SPECIAL EDUCATION DIRECTOR 40.00 0.00 X 144087 0 37854 CHRISTOPHER WEEKS DIRECTOR OF CAREER SERVICES 40.00 0.00 X 196565 0 36639 CHARIZMA WILLIAMS FORMER CFO - LEFT JUN 2019 40.00 0.00 X 163845 0 13580 VICKI ZUBOVIC FORMER CHIEF EXTERNAL AFFAIRS OFFICER 40.00 0.00 X 201477 0 12296 2927361 162824 442831 37 1 1 0 PARAMOUNT LEASEHOLD LP PO BOX 432 EMERSON NJ 07630 RENTAL MANAGEMENT 196962 KAUFMAN ORGANIZATION 450 7TH AVENUE NEW YORK NY 10123 REAL ESTATE AGENCY 156351 DBI PROJECT LLC 261 BROADWAY FLOOR 9 NEW YORK NY 10001 PROJECT MANAGEMENT CONSULTANT 115809 3 53598 90563 5389547 115618 5533708 SERVICES RENDERED 611710 12694269 12694269 12694269 484976 484976 837952 586768 251184 251184 251184 22200 53598 25936 -3736 -3736 MISC REVENUE 900099 217533 217533 217533 19177934 12694269 0 949957 67 67 283386 283386 2237828 2023866 196033 17929 132438 78373 8102 45963 9027050 7912337 695713 419000 268038 234628 24338 9072 823682 712705 79212 31765 806914 707902 72206 26806 194197 193748 425 24 38673 38673 1860357 1774727 83520 2110 144050 143561 161 328 82297 70706 1157 10434 908192 872626 5168 30398 763274 744624 18650 3532 3300 232 12634 12634 161972 142939 19033 149343 149343 BAD DEBT EXPENSE 789039 789039 PROFESSIONAL DEVELOPMEN 700362 568098 121384 10880 CANDIDATE RECRUITING 184728 184728 ALUMNI PROGRAMMING 128264 128264 212130 175305 3551 33274 19912447 17757563 1516901 637983 20107389 15189289 1274240 993448 4936779 2066338 852915 957505 17820000 22820000 1082352 4022818 3481929 1486403 782677 1995526 0 4082877 46856352 52127801 1574602 2145574 22784 204 1550000 4121693 1128268 4014145 4275654 10281616 X 37763578 39282698 4817120 2563487 42580698 41846185 46856352 52127801 -734513 0 X 0 1 X 1 0 X X X 2 KIPP ACADEMY CHARTER SCHOOL 113550982 2 0 67 3133982 KIPP NYC PUBLIC CHARTER SCHOOL 300717988 2 0 0 14623514 2 67 17757496 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION A, LINE 1: THE ARTICLES OF INCORPORATION SPECIFICALLY DESIGNATE THAT THE ORGANIZATION SHALL OPERATE FOR THE BENEFIT OF THE KNOWLEDGE IS POWER PROGRAM (KIPP) SCHOOLS. IT SHALL PRIMARILY OPERATE FOR THE BENEFIT OF THE KIPP SCHOOLS LOCATED WITHIN THE FIVE BOUGHS OF NEW YORK CITY, NEW YORK, THAT ARE QUALIFIED, OR HAVE APPLIED FOR QUALIFICATION, AS AN IRC SECTION 501(C)(3) ORGANIZATION, BUT MAY FROM TIME TO TIME BENEFIT KIPP SCHOOLS MEETING ALL STATED CRITERIA BUT ARE LOCATED IN A DIFFERENT GEOGRAPHIC LOCATION. KIPP SCHOOLS CURRENTLY IN EXISTENCE THAT FALL INTO THIS CLASS ARE LISTED ON SCHEDULE A, PART I, LINE 12G, CURRENTLY ALL SUPPORTED SCHOOLS ARE LOCATED WITH THE FIVE BOUGHS OF NEW YORK CITY. PART IV, SECTION C, LINE 1: THE ORGANIZATION AND BOTH OF ITS SUPPORTED ORGANIZATIONS ARE ALL MANAGED BY THE SAME COO AND CFO, WHO REPORT ON THE ACTIVITY OF EACH ENTITY TO THE GOVERNING BOARDS OF ALL ENTITIES. THIS REGULAR COMMUNICATION THROUGH SHARED MANAGEMENT ALLOWS FOR THE SUPPORTED ORGANIZATIONS TO ENSURE THE SUPPORTING ORGANIZATION REMAINS RESPONSIVE TO THEIR NEEDS AND DEMANDS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 604468 177094 427374 1493751 1212906 280845 1383710 96403 1287307 1995526 DUE FROM RELATED PARTIES 4082877 4082877 DEFERRED RENT LIABILITY 265404 DUE TO RELATED PARTIES 3748741 4014145 X 19228336 24466 24466 19203870 -25936 -25936 19177934 19962849 24466 25936 50402 19912447 0 19912447 PART X, LINE 2: THE ORGANIZATION RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX BENEFITS IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD (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, 2020, 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 XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES -25,936. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 25,936. SIP FOR KIPP 75798 53598 22200 15185 8250 300 2201 75798 53598 22200 15185 8250 300 2201 25936 -3736 1 SCHOLARSHIPS 11 54900 STIPENDS 939 198000 TUITION 15 30486 PART I, LINE 2: WHEN RESTRICTED GRANT MONIES ARE RECEIVED, KIPP NEW YORK, INC. CREATES A FUNDING SOURCE FOR EACH GRANT IN THEIR MIP SOFTWARE TO TRACK ALL RELATED REVENUE AND QUALIFYING EXPENSES. MIP 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 ALICIA JOHNSON CHIEF OPERATING OFFICER 307774 0 15228 0 600 0 8595 0 20082 0 352279 0 0 0 VICTOR ACOSTA MANAGING DIRECTOR, FACILITIES 165371 0 6000 0 600 0 9230 0 19550 0 200751 0 0 0 DANA CORREALLE MANAGING DIRECTOR, FP&A 164148 0 5000 0 0 0 9000 0 24972 0 203120 0 0 0 TESSA KRATZ MANAGING DIRECTOR, KTC 78791 78792 4050 4050 100 100 4605 4605 14004 14005 101550 101552 0 0 EDWARD LAUX MANAGING DIRECTOR, TECHNOLOGY 217135 0 10000 0 600 0 0 0 28896 0 256631 0 0 0 KERRY MULLINS CHIEF PEOPLE OFFICER 190785 0 9000 0 601 0 8712 0 17949 0 227047 0 0 0 ROSEANN SHEEHAN MANAGING DIRECTOR, OPS AND DATA 147991 0 5000 0 600 0 4827 0 9898 0 168316 0 0 0 REBECCA ANNE SLEATH CHIEF OF STAFF 158128 0 0 0 0 0 9500 0 16970 0 184598 0 0 0 NATALIE WEBB MANAGING DIRECTOR, LEADERS DEV. 120802 77842 8160 2040 0 0 3778 3135 17781 11854 150521 94871 0 0 LESLIE BILLIE REGIONAL DIRECOR OF OPERATIONS 130345 0 8000 0 500 0 3511 0 18952 0 161308 0 0 0 AISHA CHRISTIAN GENERAL COUNSEL 173042 0 10000 0 600 0 8597 0 15841 0 208080 0 0 0 LESLIE KIM MANAGING DIRECTOR, ACADEMICS 151806 0 5000 0 600 0 3720 0 16970 0 178096 0 0 0 CRAIG VARSA SPECIAL EDUCATION DIRECTOR 140487 0 3000 0 600 0 9000 0 28854 0 181941 0 0 0 CHRISTOPHER WEEKS DIRECTOR OF CAREER SERVICES 195965 0 0 0 600 0 8500 0 28139 0 233204 0 0 0 CHARIZMA WILLIAMS FORMER CFO - LEFT JUN 2019 154245 0 9000 0 600 0 5550 0 8030 0 177425 0 0 0 VICKI ZUBOVIC FORMER CHIEF EXTERNAL AFFAIRS OFFICE 190877 0 10000 0 600 0 3463 0 8833 0 213773 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 1 102567 FMV X MERCHANDISE 13 6057 FMV X CLASS PASSES 11 3083 FMV X SPORTS TICKETS 2 2300 FMV X GIFT & DISCOUNT CARDS 7 969 FMV X ENTERTAINMENT EXPERIENCES 4 642 FMV 0 0 0 0 PART I, COLUMN (B): THE FIGURE IN THIS COLUMN REPRESENTS THE NUMBER OF DONORS IN THE GIVEN CATEGORY. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD MAY DESIGNATE A COMMITTEE THAT HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. THE COMPOSITION OF THE COMMITTEE IS DETERMINED BY THE BOARD. NO COMMITTEE SHALL HAVE ANY POWER OR AUTHORITY TO: (A) ADOPT, AMEND OR REPEAL ANY BYLAW OF THE CORPORATION; (B) FILL VACANCIES IN THE BOARD OR IN ANY COMMITTEE; (C) AMEND OR REPEAL ANY RESOLUTION OF THE BOARD THAT BY ITS TERMS MAY NOT BE SO AMENDED OR REPEALED; (D) FIX COMPENSATION OF ANY DIRECTORS FOR SERVING ON THE BOARD OR ON ANY COMMITTEE; AND (E) DELEGATE ANY OF THE POWER OR AUTHORITY OF SUCH COMMITTEE TO A SUBCOMMITTEE UNLESS SO AUTHORIZED BY 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 DIRECTORS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C KIPP NEW YORK, INC. 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 NEW YORK, INC., WHO WILL EXERCISE DISCRETION IN ALLOWING OR DISALLOWING THE PROPOSED USE IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. 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. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S DETERMINATION OF COMPENSATION FOR THE SUPERINTENDENT, OTHER OFFICER AND KEY EMPLOYEE POSITIONS 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 FINANCIALS STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. KIPP NYC LLC 1501 BROADWAY SUITE 1000 NEW YORK NY 10036 264180710 PROVIDE SUPPORT SERVICES TO KIPP NYC SCHOOLS AND PROGRAMS NY 11103387 6945134 KIPP NEW YORK INC KTC NYC LLC 1501 BROADWAY SUITE 1000 NEW YORK NY 10036 203971209 PROVIDE ACADEMIC AND FINANCIAL SUPPORT TO KIPP NYC ALUMNI NY 2629303 2135153 KIPP NEW YORK INC KIPP NYC PROPERTIES LLC 160 GREENTREE DRIV SUITE 101 DOVER DE 19904 844454026 PROVIDE REAL ESTATE DEVELOPMENT AND FINANCING SERVICES DE 0 4374660 KIPP NEW YORK INC KIPP NEW YORK FACILITIES LLC 1501 BROADWAY SUITE 1000 NEW YORK NY 10036 452541726 LEASING AND IMPROVING REAL PROPERTY IN NEW YORK, NY FOR NY CHARTER SCHOOLS NY 0 0 KIPP NEW YORK INC KIPP ACADEMY CHARTER SCHOOL 250 EAST 156TH STREET BRONX NY 10451 113550982 CHARTER SCHOOL NY 501(C)(3) LINE 2 N/A 0 KIPP NYC PUBLIC CHARTER SCHOOL 4333 WEST 123RD STREET NEW YORK NY 10027 834247585 CHARTER SCHOOL NY 501(C)(3) LINE 2 N/A 0 KIPP NYC FACILITY HOLDINGS INC 1501 BROADWAY SUITE 1000 NEW YORK NY 10036 463090135 DEVELOP, MANAGE, LEAES PUBIC SCHOOL FACILITIES NY 501(C)(3) LINE 7 KIPP NYC PUBLIC CHARTER SHOOLS 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0