2020-01-30T21:43:37-06:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2018-07-01 680502820 KIPP MEMPHIS KIPP 9014522682 2670 UNION AVENUE EXTENDED NO 1100 MEMPHIS TN 381124430 KENDRA FERGUSON EXECUTIVE DIRECTOR 9014522682 2020-01-23 1 WADE MCMULLEN CPA P00541671 6268577300 2020-01-16 67.137.57.251 2020-01-23 10:48:48 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1E6787E28F45E3F85C562E49EAD4E97B25DE2A67 2018 2020-09-23 17:36:50Z KENDRA FERGUSON 2670 UNION AVENUE EXTENDED NO 1100 MEMPHIS TN 381124430 31029110 0 X WWW.KIPPMEMPHIS.ORG X 2008 TN OVERSEES THE QUALITY, SUSTAINABILITY, AND GROWTH OF KIPP SCHOOLS IN MEMPHIS. 8 8 473 37 0 0 30045090 30246707 0 0 0 0 464289 782403 30509379 31029110 0 0 0 0 20369205 19890105 0 0 0 10674190 11533233 31043395 31423338 -534016 -394228 13652222 13677844 4449079 4868929 9203143 8808915 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 26831522 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 SEVEN SCHOOLS AND EDUCATING NEARLY 3000 STUDENTS IN MEMPHIS. 26831522 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 98 0 1 473 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X ANDREW WOODS 9013205270 2670 UNION AVENUE EXTENDED SUITE MEMPHIS TN 38112 JIM BOYD CHAIR 1.00 X X 0 0 0 MICHELLE ARMSTRONG MEMBER 1.00 X 0 0 0 HOLLY COLEMAN MEMBER 1.00 X 0 0 0 RYAN GIBBS MEMBER 1.00 X 0 0 0 SIMONE MEEKS MEMBER 1.00 X 0 0 0 SARAH LOCKRIDGE-STECKEL MEMBER 1.00 X 0 0 0 MACK MARTIN MEMBER 1.00 X 0 0 0 TRAVIS GREEN MEMBER 1.00 X 0 0 0 KENDRA FERGUSON EXECUTIVE DIRECTOR 50.00 X 280999 0 32710 GRETCHEN LEAVY MANAGING DIRECTOR OF OPERATIONS 50.00 X 111582 0 5152 ANDREW BOBOWSKI HEAD OF SCHOOLS 50.00 X 115142 0 14089 MITCHELL BARTKIEWICZ DIRECTOR OF TEACHING AND L 50.00 X 107158 0 9663 SHERRYE D HUBBARD MANAGING DIR SCHOOLS 50.00 X 121286 0 6666 736167 0 68280 5 0 1 0 MICROAGE FRONTIER TECHNOLOGY LLC PO BOX 2941 PHEONIX AZ 850622941 TECHNOLOGY / IT SUPPORT 128177 1 29828069 418638 30246707 OTHER REVENUE 900099 782403 782403 782403 31029110 782403 0 0 X 283144 241769 41375 16109840 13755748 2354092 866921 740240 126681 1445455 1234234 211221 1184745 1011621 173124 10725 9158 1567 3718690 3175936 542754 75691 64630 11061 1669871 1182650 487221 2501357 1935840 565517 50054 42740 7314 110087 110087 78487 67018 11469 FOOD SERVICES 1772267 1750763 21504 DUES AND MEMBERSHIPS 695583 695583 INSTRUCTIONAL MATERIALS 385677 385677 FIELD TRIPS 166836 166836 297908 260992 36916 31423338 26831522 4591816 0 7068168 6135946 678798 1133614 229216 2179625 935230 999014 1244395 4906242 4934673 13652222 13677844 1114290 2168297 3334789 2700632 4449079 4868929 X 9203143 8808915 0 0 0 0 9203143 8808915 13652222 13677844 -394228 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 743561 7574 735987 1436064 927656 508408 1244395 DEFERRED OUTFLOWS PENSION 2731947 PENSION ASSET 2202726 4934673 GRANT ADVANCES AND LOANS 1170000 DEFERRED INFLOWS PENSION 1530632 2700632 X 31029110 0 31029110 0 31029110 31423338 0 31423338 0 31423338 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. 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 280999 0 0 0 0 0 24500 0 8210 0 313709 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PRESENTED TO THE BOARD FOR COMMENTS AND/OR APPROVAL PRIOR TO FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C 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 IN DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE 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 BOARD MUST VOTE TO APPROVE THE OFFICERS AND KEY EMPLOYEES' COMPENSATION AS A DIRECT ACTION. 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 IX, LINE 11G BACKGROUND CHECKS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,644. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,644. SECURITY: PROGRAM SERVICE EXPENSES 169,238. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 169,238. TRANSPORTATION: PROGRAM SERVICE EXPENSES 873,391. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 873,391. DATA PROCESSING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 60,027. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60,027. CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 1,191,748. MANAGEMENT AND GENERAL EXPENSES 472,083. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,663,831. PEST CONTROL: PROGRAM SERVICE EXPENSES 13,017. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,017. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 310,171. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 310,171. RECRUITING: PROGRAM SERVICE EXPENSES 1,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,000. SUBSTITUTES: PROGRAM SERVICE EXPENSES 617,371. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 617,371. 990 PART XII, LINE 2C THE PROCESS HAS NOT CHANGED SINCE LAST YEAR.