2018-05-14T12:20:17-05:00 2017-06-30 141567343 MARVIN AND COMPANY PC 11 BRITISH AMERICAN BLVD LATHAM NY 121101405 990 2016-07-01 201347748 KIPP TECH VALLEY CHARTER SCHOOL KIPP 5186949494 321 NORTHERN BLVD ALBANY NY 122102635 STEPHANIE VALLE EXECUTIVE DIRECTOR 5186949494 2018-05-10 1 KARL F NEWTON CPA P00708967 5187850134 2016 2022-09-23 18:48:47Z X JOHN P REILLY 321 NORTHERN BLVD ALBANY NY 122102635 7168283 0 X WWW.KIPPTECHVALLEY.ORG X 2006 NY KIPP TECH VALLEY IS A TUITION FREE COLLEGE PREPARATORY PUBLIC PRIMARY AND MIDDLE SCHOOL LOCATED IN ALBANY, NY. BY PROVIDING A SAFE, STRUCTURED AND SUPPORTIVE LEARNING ENVIRONMENT FOR EVERY CHILD, KIPP TECH VALLEY WILL HELP EACH STUDENT ACQUIRE AND APPLY THE KNOWLEDGE, SKILLS, AND CHARACTER HABITS NECESSARY TO SUCCEED IN HIGH SCHOOL, COLLEGE AND BEYOND. 7 7 86 0 0 0 635864 1299591 4322772 5868483 324 209 0 0 4958960 7168283 23626 0 0 0 3143334 3967152 0 0 0 1893044 2577491 5060004 6544643 -101044 623640 8587910 14446726 8447110 15472514 140800 -1025788 THE SCHOOL'S PRIMARY PURPOSE IS TO PREPARE STUDENTS FOR FUTURE OPPORTUNITIES. 0 0 3309777 6713136 REGULAR SCHOOL PROGRAM PROVIDES EDUCATIONAL PROGRAMS FOR KINDERGARDEN AND GRADES 5-8. APPROXIMATELY 403 STUDENTS SERVED. 167712 67440 SPECIAL EDUCATION PROGRAM - PROVIDES CHILDREN WITH SPECIAL NEEDS WITH APPROPRIATELY BASED EDUCATIONAL ASSISTANCE. APPROXIMATELY 10 STUDENTS SERVED. 1003317 387498 OTHER PROGRAMS - FIELD TRIPS, TRANSPORTATION, AND NUTRITIONAL PROGRAMS FOR STUDENTS IN KINDERGARDEN AND GRADES 5-8. 4480806 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 86 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X X MARK REILLY 5186949494 321 NORTHERN BLVD ALBANY NY 122102635 KELLY KIMBROUGH BOARD MEMBER 1.00 X 0 0 0 JASON DIGIANNI BOARD MEMBER 1.00 X 0 0 0 CORNELIUS MURRAY BOARD MEMBER 1.00 X 0 0 0 KELLY WALBORN BOARD MEMBER 1.00 X 0 0 0 WAYNE BOOMER TREASURER 1.00 X 0 0 0 CARL YOUNG SECRETARY 1.00 X 0 0 0 JOHN P REILLY PRESIDENT 1.00 X 0 0 0 DUSTIN MITCHELL EXECUTIVE DIRECTOR 60.00 X 141591 0 15216 KATHERINE MORALES EMPLOYEE 40.00 X 114475 0 6884 256066 0 22100 2 0 1 0 DURHAM SCHOOL SERVICES 830 S PEARL STREET ALBANY NY 12202 TRANSPORTATION 475151 GINSBERG'S 29 GINSBERGS RD HUDSON NY 12534 FOOD SERVICES 107290 2 951806 347785 17964 1299591 FEES AND CONTRACT FROM 900099 5825062 5825062 OTHER REVENUE 900099 43421 43421 5868483 209 209 7168283 5868483 0 209 156807 156807 3053477 2248616 804861 105401 79544 25857 334008 239562 94446 317459 223420 94039 30064 30064 30166 30166 97740 97740 158252 57024 101228 4569 4569 537582 354804 182778 282143 148931 133212 38363 25320 13043 STUDENT SERVICES 490799 490799 INSTRUCTIONAL SUPPLIES 182684 182684 FOOD PROGRAM 171833 171833 REPAIRS AND MAINTENANCE 124913 81993 42920 428383 176276 252107 6544643 4480806 2063837 0 80270 525088 114044 455348 135277 59452 14111367 1168480 6852440 12942887 786540 1000 619339 462951 8587910 14446726 471536 260012 574 0 7975000 15212502 8447110 15472514 X 140800 -1025788 140800 -1025788 8587910 14446726 X 623640 -1790228 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2880892 2880892 10706633 718241 9988392 523842 450239 73603 12942887 X 7168283 0 7168283 0 7168283 8448469 1903826 1903826 6544643 0 6544643 PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND THE SCHOOL IS ALSO EXEMPT FROM STATE INCOME TAX. THE SCHOOL HAS BEEN CLASSIFIED AS A PUBLICLY-SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. UNDER ACCOUNTING STANDARD CODIFICATIONS (ASC) SECTION 740, THE TAX-EXEMPT STATUS OF A TAX-EXEMPT ENTITY IS AN UNCERTAIN TAX POSITION, SINCE EVENTS COULD POTENTIALLY OCCUR THAT JEOPARDIZE TAX-EXEMPT STATUS. MANAGEMENT IS NOT AWARE OF ANY EVENTS THAT COULD JEOPARDIZE TAX-EXEMPT STATUS. THEREFORE, NO LIABILITY OR PROVISION FOR INCOME TAX HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS. FORMS 990 FILED BY THE SCHOOL ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NEWSPAPERS AND WEBSITE. SCHEDULE E, PART I, LINE 4 THERE IS NO TUITION CHARGED FOR ENROLLMENT IN THE SCHOOL; THEREFORE, FINANACIAL ASSISTANCE & SCHOLARSHIPS ARE NOT APPLICABLE. SCHEDULE E, LINE 6 EXPLANATION OF GOVERNMENT FINANCIAL AID: THE SCHOOL RECEIVES VARIOUS GRANTS FROM NEW YORK STATE DEPARTMENT OF EDUCATION. X 0 0 0 0 0 0 0 0 0 DUSTIN MITCHELL EXECUTIVE DIRECTOR 141591 0 0 0 0 0 7800 0 7416 0 156807 0 0 0 PART 1, LINE 3 COMPENSATION IS APPROVED BY THE BOARD. A THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF PHOENIX ARIZONA 522038405 000000000 2016-09-15 12000000 PURCHASE OF AN EDUCATIONAL FACILITY & ADVANCED REFUNDING OF 2012 BOND ISSUE 0 0 0 A 12000000 7975000 403469 3621531 2016 0 1 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 1 1 CITIZENS BANK 18.000000000000 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 8B MINUTES TO COMMITTEE MEETINGS ARE NOT OFFICIALLY KEPT. THE COMMITTEE CHAIR REPORTS BACK TO THE BOARD MEMBERS AND THE RECOMMENDATIONS/ACCOMPLISHMENTS ARE REPORTED IN THE BOARD MINUTES AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE CONFLICT OF INTEREST POLICY, AND ANY TIME DURING THE YEAR WHERE THERE IS A POSSIBLE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE DIRECTOR'S COMPENSATION IS REVIEWED BY THE BOARD OF DIRECTORS ANNUALLY. THE BOARD OF DIRECTORS REVIEW THE SCHOOL'S PERFORMANCE COMPARED TO SIMILAR SCHOOLS AND USES VALUE ADDED ANALYSIS IN DETERMING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON EXTINGUISHMENT OF DEBT -1,903,826. GAIN ON INTEREST RATE SWAP AGREEMENT 113,598. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR. THE PROCEDURE HAS NOT CHANGED FROM THE PRIOR YEAR.