2018-04-26T17:24:48-05:00 2017-06-30 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2016-07-01 943362724 KIPP FOUNDATION KIPP 4153991556 135 MAIN STREET NO 1700 SAN FRANCISCO CA 94105 GARFIELD BYRD CFO 4158747383 2018-04-25 1 MAGA E KISRIEV P01008919 4157810793 12.201.129.210 2018-04-25 12:01:22 PD P E001E1F7BE6D8F89CFA5F182C87A9F5E53B2AD9E CAFA9AA1E89874839F3D5C3237E8B2C5F72BBE23 2016 2021-01-29 14:40:06Z RICHARD BARTH 135 MAIN STREET NO 1700 SAN FRANCISCO CA 94105 71270838 0 X WWW.KIPP.ORG X 2000 CA TO CREATE PUBLIC SCHOOLS THAT EQUIP EDUCATIONALLY UNDERSERVED STUDENTS WITH SKILLS TO SUCCEED IN COLLEGE & LIFE. 15 12 213 13 0 0 71134686 53311627 6250045 6412845 -235404 91801 1751 8684 77151078 59824957 17977969 18533125 0 0 23130582 25008292 0 0 1731615 20823964 21573290 61932515 65114707 15218563 -5289750 82387227 73943185 22371755 19454643 60015472 54488542 X THE PURPOSE OF THE KIPP FOUNDATION IS TO CREATE A RESPECTED, INFLUENTIAL, AND NATIONAL NETWORK OF PUBLIC SCHOOLS (KIPP SCHOOLS & REGIONS) THAT ARE SUCCESSFUL IN HELPING STUDENTS FROM EDUCATIONALLY UNDERSERVED COMMUNITIES DEVELOP THE KNOWLEDGE, SKILLS, CHARACTER AND HABITS NEEDED TO SUCCEED IN COLLEGE AND THE COMPETITIVE WORLD BEYOND. 1 0 27463661 18533125 4541810 NETWORK GROWTH & SUSTAINABILITY:THE FOUNDATION PROVIDES ON-GOING ASSISTANCE TO GROW KIPP SCHOOLS & REGIONS IN THE AREAS OF PROFESSIONAL DEVELOPMENT, CURRICULUM, INSTRUCTIONAL SUPPORT, SCHOOL OPERATIONS, SUSTAINABLE GROWTH, FUNDRAISING, AND MARKETING. 11039133 0 1871035 LEADERSHIP DEVELOPMENT:THE FOUNDATION TRAINS BOTH NEW AND SITTING TEACHERS TO BE LEADERS, ASSISTANT PRINCIPALS, PRINCIPALS, AND REGIONAL LEADERS THROUGH ITS KIPP SCHOOL LEADERSHIP PROGRAM (KSLP) AND NETWORK LEADER DEVELOPMENT (NLD) PROGRAMMING. KSLP HAS SIX COURSES, INCLUDING: THE FISHER FELLOWSHIP, SUCCESSOR PREPARATION, LEADERSHIP TEAM, TEACHER LEADER, REGIONAL LEADER DEVELOPMENT, AND THE MILES FAMILY FELLOWSHIP. NLD HAS TWO COURSES, INCLUDING THE SCHOOL LEADER DEVELOPMENT AND REGIONAL ACADEMIC LEADER COURSES.THE FISHER FELLOWSHIP IS A YEAR-LONG TRAINING FOCUSED ON OPENING AND LEADING A NEW KIPP SCHOOL. SUCCESSOR PREPARATION IS A YEAR-LONG LONG TRAINING FOCUSED ON TAKING LEADERSHIP OF AN EXISTING KIPP SCHOOL. THE LEADERSHIP TEAM, TEACHER LEADER, AND MILES FAMILY FELLOWSHIP PROGRAMS ARE YEAR-LONG TRAININGS, FOCUSING ON DEVELOPING STAFF TO TAKE OVER LEADERSHIP ROLES (ASSISTANT PRINCIPAL, DEAN, GRADE LEVEL OR DEPARTMENT CHAIR) WITHIN THEIR CURRENT KIPP SCHOOL. THE REGIONAL LEADER DEVELOPMENT COURSE IS A YEAR-LONG TRAINING, FOCUSED ON DEVELOPING NEW REGIONAL LEADERS (SENIOR-LEVEL EMPLOYEES AT EACH REGION). THE SCHOOL LEADER DEVELOPMENT AND REGIONAL ACADEMIC LEADER COURSES ARE LEARNING COLLABORATIVES THAT FOCUS ON DEVELOPING REGIONAL ACADEMIC TEAMS TO IMPROVE STUDENT ACADEMIC RESULTS. 7186561 0 0 RESEARCH, DESIGN & INNOVATION: THROUGH ITS RESEARCH, DESIGN AND INNOVATION WORK, THE FOUNDATION FOCUSES ON SUPPORTING CONTINUOUS LEARNING AND IMPROVEMENT AMONG KIPP SCHOOLS AND REGIONS BY CREATING ONGOING VISIBILITY INTO NETWORK-WIDE, REGIONAL, AND SCHOOL HEALTH AND PERFORMANCE TRENDS; GENERATING ACTIONABLE INSIGHTS; AND ENSURING HIGH QUALITY DATA AND RESEARCH SUPPORT NETWORK LEADERS IN MAKING DATA-DRIVEN DECISIONS; PROMOTING THE CODIFYING AND DISSEMINATION OF PROMISING PRACTICES AND IDEAS AS WELL AS TOOLS AND RESOURCES WHICH SUPPORT THE IMPLEMENTATION OF THESE PRACTICES AND IDEAS; HOSTING AN ANNUAL GATHERING OF KIPP'S TEACHERS, LEADERS, AND STAFF FOCUSED ON LEARNING, PROFESSIONAL DEVELOPMENT, AND SHARING; PROVIDING THE TECHNOLOGY INFRASTRUCTURE AND APPLICATION DEVELOPMENT SUPPORT FOR KIPP FOUNDATION TEAMS. 8389393 0 0 KIPP THROUGH COLLEGE: THE FOUNDATION HAS CREATED A SET OF NATIONAL INITIATIVES AND PROGRAMS DESIGNED TO SUPPORT AND PROVIDE RESOURCES TO LOCAL KIPP THROUGH COLLEGE PROGRAMS ACROSS THE COUNTRY. THESE PROGRAMS INCLUDE BUILDING COLLEGE PARTNERSHIPS, BUILDING SUPPORT FOR COLLEGE STUDENTS, SUPPORTING SITES AND PROFESSIONAL DEVELOPMENT THROUGH TRAINING AND WEBSITE COLLABORATION TOOLS. TEACHING & LEARNING LABS: THE FOUNDATION FOCUSES ON EQUIPPING TEACHERS, SCHOOLS AND REGIONS WITH TRAINING AND RESOURCES TO MAXIMIZE THEIR INSTRUCTIONAL EFFECTIVENESS AND OUTCOMES.EXTERNAL IMPACT: THE FOUNDATION HAS CREATED A SET OF NATIONAL INITIATIVES AND PROGRAMS DESIGNED TO BROADEN OUR IMPACT BEYOND OUR KIPP SCHOOLS & REGIONS. THESE PROGRAMS INCLUDE EFFORTS TO SHARE KIPP CONTENT AND PROGRAMS WITH OUTSIDE EDUCATORS, AND TO DEVELOP PARTNERSHIPS SUPPORTING CAREER OPPORTUNITIES FOR OUR KIPP ALUMNI. 8389393 0 0 54078748 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 361 0 1 213 1 0 0 0 0 0 0 0 0 0 0 X 15 12 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 AL AK CA CO CT FL GA HI IL KS KY ME MD MA MS NV NH NJ NM NY ND OH OK OR PA RI SC VA WA WV WI X X GARFIELD BYRD 4155134114 135 MAIN STREET SUITE 1700 SAN FRANCISCO CA 94105 JOHN FISHER CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 DORIS FISHER CO-FOUNDER, BOARD MEMBER 1.00 X 0 0 0 EMMA BLOOMBERG BOARD MEMBER 1.00 X 0 0 0 KATHERINE BRADLEY BOARD MEMBER 1.00 X 0 0 0 PHILIPPE DAUMAN BOARD MEMBER 1.00 X 0 0 0 REED HASTINGS BOARD MEMBER 1.00 X 0 0 0 MARTHA KARSH BOARD MEMBER 1.00 X 0 0 0 MICHAEL LOMAX BOARD MEMBER 1.00 X 0 0 0 MARK NUNNELLY BOARD MEMBER 1.00 X 0 0 0 SUSAN SCHAEFFLER BOARD MEMBER (THRU 5/24/17) 1.00 X 0 0 0 JOSE VILLARREAL BOARD MEMBER 1.00 X 0 0 0 CARRIE WALTON PENNER BOARD MEMBER 1.00 X 0 0 0 ABIGAIL WEXNER BOARD MEMBER 1.00 X 0 0 0 RICHARD BARTH CHIEF EXECUTIVE OFFICER 40.00 X X 471682 0 12090 MICHAEL FEINBERG CO-FOUNDER, DIRECTOR 40.00 X 220350 0 32587 DAVID LEVIN CO-FOUNDER, DIRECTOR 40.00 X 468309 0 34248 GARFIELD BYRD CFO, BOARD OFFICER 40.00 X 225675 0 29292 WILLIAM HIGHBAUGH GENERAL COUNSEL, SECRETARY OF THE BOARD 40.00 X 214252 0 18074 JACK CHOROWSKY PRESIDENT 40.00 X 362177 0 34248 DAVID WICK CHIEF EXTERNAL IMPACT OFFICER 40.00 X 257719 0 33723 JONATHAN COWAN CHIEF RESEARCH,DESIGN & INNOVATION OFFICER 40.00 X 244464 0 32817 VALERIE FAILLACE CHIEF STRATEGY OFFICER (THRU 3/31/17) 40.00 X 263167 0 18624 LISA DAGGS CHIEF NETWORK GROWTH OFFICER 40.00 X 222435 0 18239 SHERRY PREISS CHIEF OF TEACHING & LEARNING LABS 40.00 X 207883 0 24759 3158113 0 288701 87 0 1 0 VENETIAN CASINO RESORT LLC 3355 LAS VEGAS BLVD SOUTH LAS VEGAS NV 89109 CONFERENCE SERVICES 750000 WISEWIRE INC 8 MARKET PLACE SUITE 300 BALTIMORE MD 21303 CURRICULUM RESEARCH & DEVELOPMENT 706123 ROBERT HALF INTERNATIONAL INC 2884 SAND HILL ROAD MENLO PARK CA 94025 TEMPORARY & PLACEMENT STAFFING 666266 OMNI HOUSTON HOTEL FOUR RIVERWAY HOUSTON TX 77056 CONFERENCE SERVICES 527180 SCHOOLZILLA PBC 1999 HARRISON ST SUITE 1100 OAKLAND CA 94612 DATA COLLECTION SUPPORT 466687 40 20654843 32656784 4280280 53311627 LICENSE FEES 900099 4541810 4541810 LEADERSHIP INCOME 900099 1871035 1871035 6412845 143073 143073 11394609 11445881 -51272 -51272 -51272 ADVISORY INCOME 900099 8218 8218 LOAN ORIG/PTL GUARANTY 900099 466 466 8684 59824957 6412845 0 100485 X 18367096 18367096 166029 166029 3604853 1293079 1654608 657166 17298041 13459093 3374181 464767 608633 474143 118738 15752 2124225 1579482 494619 50124 1372540 978253 324901 69386 96068 95258 810 228729 228729 7314266 6103171 1083752 127343 408900 385523 13321 10056 1535725 1053729 452440 29556 988468 928306 48760 11402 1311450 917928 330309 63213 4198279 3559656 482647 155976 3741246 3602637 112769 25840 1276 1276 792235 548869 201942 41424 98937 68545 25219 5173 SCHOOL LEADER TRAINING 502575 425383 77192 EMPLOYEE RECRUITING COS 303305 52718 246262 4325 BAD DEBT RECOVERY 22982 22982 DATA ACQUISITION 20632 20632 8217 -782 8887 112 65114707 54078748 9304344 1731615 41954115 28463221 29130792 22720158 3039582 4720897 2950000 2924157 1263178 1345720 5884701 3815823 1781097 2068878 10629753 576157 288704 1692306 781697 82387227 73943185 14820909 12140407 291325 0 7259521 7314236 22371755 19454643 X 31166034 31208502 28849438 23280040 60015472 54488542 82387227 73943185 X -5289750 -237180 X 0 1 X 1 1 1 X 62452414 59585599 61843473 71134686 53311627 308327799 62452414 59585599 61843473 71134686 53311627 308327799 101420729 206907070 49492 35505 28824 47083 143073 303977 2442 5317 4187 1751 8684 22381 308654157 27324377 0.67040 0.66620 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2012 AMOUNT: $ 2,442. 2013 AMOUNT: $ 5,317. 2014 AMOUNT: $ 4,187. 2015 AMOUNT: $ 1,751. 2016 AMOUNT: $ 8,684. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 1 13750 1 112798 1 5937 0 132485 0 PART II-B, LINE 1: THE FOUNDATION HAS A SENIOR DIRECTOR, DIRECTOR, AND ASSOCIATE OF GOVERNMENT AFFAIRS AND POLICY WHO LOBBIES TO MODERNIZE THE CHARTER SCHOOLS PROGRAM ON THE NATIONAL LEVEL. EXPENSES IN LINE 1G AND 1H INCLUDE A PORTION OF THE SALARY OF THESE INDIVIDUALS. EXPENSES IN LINE 1F REFER TO A PORTION OF GRANTS GIVEN BY THE FOUNDATION TO THE KIPP SCHOOLS AND REGIONS. THESE GRANTS PRIMARILY HELP THE REGIONS GET APPROVAL TO GROW NEW SCHOOLS, RENEW EXISTING CHARTERS, AND ENGAGE FAMILIES. NONE OF THESE EXPENSES ARE USED FOR POLITICAL ACTIVITIES PROHIBITED BY THE INTERNAL REVENUE CODE FOR 501(C)(3)S. 1124019 665182 458837 815447 730155 85292 3945235 2420486 1524749 2068878 GUARANTEES 29170 GOVERNMENT ADVANCE 7285066 7314236 X 60057961 941564 941564 59116397 708560 708560 59824957 65584891 941564 941564 64643327 471380 471380 65114707 PART X, LINE 2: THE FOUNDATION HAS RECEIVED RULINGS FROM THE INTERNAL REVENUE SERVICE UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FROM THE STATE OF CALIFORNIA FRANCHISE TAX BOARD GRANTING EXEMPTION FROM TAXATION ON RELATED INCOME. THE FOUNDATION MAY BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, IF ANY, GENERATED BY ITS INVESTMENTS. MANAGEMENT HAS EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS MAINTAINED ITS TAX EXEMPT STATUS AND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FISCAL SPONSORSHIP REVENUE 708,560. PART XII, LINE 4B - OTHER ADJUSTMENTS: FISCAL SPONSORSHIP EXPENSES 471,380. PART XI, LINE 4B AND PART XII, LINE 4B: THE FOUNDATION ENTERED INTO A FISCAL SPONSORSHIP GRANT AGREEMENT WITH KIPP MIAMI, INC. A FLORIDA NOT FOR PROFIT CORPORATION FOR THE PURPOSES OF LAUNCHING AND OPERATING ONE OR MORE PUBLIC CHARTER SCHOOLS IN THE STATE OF FLORIDA. 1 KIPP AUSTIN PUBLIC SCHOOLS INC 8509 FM 969 BUILDING 513 AUSTIN TX 78724 010639602 501(C)(3) 168564 SCHOOL START-UP, PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL MUSIC PROGRAMS KIPP BALTIMORE INC 4701 GREENSPRING AVE RM 115 BALTIMORE MD 21209 522342513 501(C)(3) 88000 SCHOOL START-UP, KIPP THROUGH COLLEGE, RECRUITING SUPPORT KIPP BAY AREA SCHOOLS 1404 FRANKLIN STREET SUITE 500 OAKLAND CA 94612 205010766 501(C)(3) 1002536 SCHOOL START-UP, PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL MUSIC PROGRAMS, KIPP THROUGH COLLEGE, FINANCIAL LITERACY, RECRUITING SUPPORT KIPP CHARLOTTE 931 WILANN DRIVE CHARLOTTE NC 28215 205664061 501(C)(3) 376350 SCHOOL START-UP, RECRUITING SUPPORT KIPP CHICAGO 1945 SOUTH HALSTED STREET 101 CHICAGO IL 60608 300075271 501(C)(3) 880732 SCHOOL START-UP, PRINCIPAL PIPELINE & DEVELOPMENT KIPP COLORADO SCHOOLS 1390 LAWRENCE STREET SUITE 200 DENVER CO 80204 800037534 501(C)(3) 626487 SCHOOL START-UP, LOCAL ADVOCACY KIPP COLUMBUS 2900 INSPIRE DRIVE COLUMBUS OH 43224 208627107 501(C)(3) 492561 SCHOOL START-UP, SCHOOL MUSIC PROGRAMS KIPP DALLAS-FORT WORTH 1545 SOUTH EWING AVENUE DALLAS TX 75216 820578155 501(C)(3) 1039205 SCHOOL START-UP, PRINCIPAL PIPELINE & DEVELOPMENT KIPP DC 2600 VIRGINIA AVE NW SUITE 900 WASHINGTON DC 20037 742974642 501(C)(3) 937351 SCHOOL START-UP, PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL MUSIC PROGRAMS, KIPP THROUGH COLLEGE, CAREER READINESS KIPP DELTA PUBLIC SCHOOLS 415 OHIO STREET HELENA AR 72342 311807400 501(C)(3) 294347 SCHOOL START-UP, SCHOOL MUSIC PROGRAMS, FINANCIAL LITERACY KIPP EASTERN NOTHERN CAROLINA 320 PLEASANT HILL ROAD GASTON NC 64127 742991314 501(C)(3) 419284 SCHOOL START-UP, SCHOOL MUSIC PROGRAMS, FINANCIAL LITERACY, KIPP THROUGH COLLEGE KIPP ENDEAVOR ACADEMY 2700 E 18TH ST 155 B KANSAS CITY MO 32254 208552002 501(C)(3) 281962 SCHOOL START-UP KIPP HOUSTON 10711 KIPP WAY HOUSTON TX 77099 133875888 501(C)(3) 2016974 SCHOOL START-UP, PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL MUSIC PROGRAMS, FINANCIAL LITERACY KIPP INDIANAPOLIS 1740 EAST 30TH STREET INDIANAPOLIS IN 77099 300145826 501(C)(3) 204625 SCHOOL START-UP, PRINCIPAL PIPELINE & DEVELOPMENT KIPP JACKSONVILLE 1440 MCDUFF AVENUE NORTH JACKSONVILLE FL 46205 264046741 501(C)(3) 551525 SCHOOL START-UP KIPP LA SCHOOLS 3601 E FIRST STREET LOS ANGELES CA 90022 261607268 501(C)(3) 1408144 SCHOOL START-UP, PRINCIPAL PIPELINE & DEVELOPMENT, FINANCIAL LITERACY KIPP MASSACHUSETTS 90 HIGH ROCK STREET LYNN MA 01902 743153091 501(C)(3) 481107 SCHOOL START-UP, REGIONAL GROWTH, SCHOOL MUSIC PROGRAMS, FINANCIAL LITERACY KIPP MEMPHIS COLLEGIATE SCHOOLS 2670 UNION AVENUE EXTENDED 1100 MEMPHIS TN 38112 680502820 501(C)(3) 649629 SCHOOL START-UP, PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL MUSIC PROGRAMS KIPP METRO ATLANTA SCHOOLS 504 FAIR ST SW SUITE 300 ATLANTA GA 30313 113723114 501(C)(3) 318809 SCHOOL START-UP, PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL MUSIC PROGRAMS, KIPP THROUGH COLLEGE, STUDENT ART GALLERY KIPP MIAMI INC 135 MAIN ST STE 1700 SAN FRANCISCO CA 94105 814473475 501(C)(3) 269520 SCHOOL START-UP KIPP MINNESOTA 5034 N OLIVER AVENUE MINNEAPOLIS MN 55403 208877750 501(C)(3) 302020 SCHOOL START-UP, PRINCIPAL PIPELINE & DEVELOPMENT KIPP NASHVILLE 123 DOUGLAS AVE NASHVILLE TN 37207 202799123 501(C)(3) 713001 SCHOOL START-UP, SCHOOL MUSIC PROGRAMS, FINANCIAL LITERACY, LOCAL ADVOCACY KIPP NEW JERSEY 60 PARK PLACE SUITE 802 NEWARK NJ 02141 010660264 501(C)(3) 1265638 SCHOOL START-UP, PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL MUSIC PROGRAMS, FINANCIAL LITERACY, KIPP THROUGH COLLEGE, LOCAL ADVOCACY KIPP NEW ORLEANS SCHOOLS 1307 ORETHA CASTLE HALEY BLVD SUITE 302 NEW ORLEANS LA 70113 202277213 501(C)(3) 687323 SCHOOL START-UP, SCHOOL MUSIC PROGRAMS, KIPP THROUGH COLLEGE, LOCAL ADVOCACY KIPP NYC 470 7TH AVENUE 10TH FLOOR NEW YORK NY 10018 203971209 501(C)(3) 309224 SCHOOL START-UP, PRINCIPAL & DEVELOPMENT, SCHOOL MUSIC PROGRAMS KIPP PHILADELPHIA SCHOOLS 5070 PARKSIDE AVENUE SUITE 3500D PHILADELPHIA PA 19143 050546103 501(C)(3) 520486 SCHOOL START-UP, ,PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL MUSIC PROGRAMS, CAREER READINESS, RECRUITING SUPPORT KIPP REACH COLLEGE PREPARATORY 1901 NE 13TH STREET OKLAHOMA CITY OK 73117 300005794 501(C)(3) 341400 SCHOOL START-UP, PRINCIPAL PIPELINE & DEVELOPMENT, REGIONAL GROWTH KIPP SAN ANTONIO 731 FREDERICKSBURG ROAD SAN ANTONIO TX 78201 412090713 501(C)(3) 590398 SCHOOL START-UP, PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL MUSIC PROGRAMS KIPP SAN DIEGO 1475 SIXTH AVENUE 2ND FL SAN DIEGO CA 92101 481291867 501(C)(3) 10625 PRINCIPAL PIPELINE & DEVELOPMENT KIPP ST LOUIS 1310 PAPIN STREET SUITE 203 ST LOUIS MO 63113 010916759 501(C)(3) 760049 SCHOOL START-UP KIPP TECH VALLEY 1 DUDLEY HEIGHTS ALBANY NY 12210 201347748 501(C)(3) 303777 SCHOOL START-UP KIPP TULSA COLLEGE PREPARATORY 1661 EAST VIRGIN STREET TULSA OK 74106 113740269 501(C)(3) 55000 PRINCIPAL PIPELINE & DEVELOPMENT, REGIONAL GROWTH 32 0 HARRIET BALL EXCELLENCE IN TEACHING AWARD 10 100000 DORIS FISHER KIPPSTER OF THE YEAR AWARD 14 46029 THE KIPP THROUGH COLLEGE EXCELLENCE IN LEADERSHIP AWARD 2 20000 PART I, LINE 2: THE FOUNDATION GIVES GRANTS TO KIPP REGIONS BASED ON NEED OR SPECIFICATION FROM THE GRANTOR. EACH GRANT HAS A SEPARATE SET OF CRITERIA AND IS REVIEWED BY FOUNDATION STAFF FOR COMPLIANCE AND MERIT. SCHEDULE I, PART I, LINE 2 U.S. DEPARTMENT OF EDUCATION (US ED) SCHOOL GRANTS ARE APPLIED FOR BY THE INDIVIDUAL SCHOOLS THROUGH SUBMISSION OF DETAILED BUDGET REQUESTS, WHICH ARE ULTIMATELY APPROVED FOR FUNDING BY THE U.S. DEPARTMENT OF EDUCATION. UPON AWARD, GRANT LETTERS ARE PROVIDED TO EACH OF THE SCHOOLS STATING SPECIFIC TERMS FOR COSTS ACCEPTED FOR FUNDING AND BUDGET COMPLIANCE. IN ADDITION, A CONFERENCE CALL IS HELD DIRECTLY WITH THE KIPP FEDERAL GRANTS MANAGEMENT TEAM AND A REPRESENTATIVE FROM EACH OF THE KIPP SCHOOLS AWARDED FUNDING TO REVIEW THE AWARD GUIDELINES. COMPLIANCE THROUGHOUT THE YEAR IS MONITORED BY THE KIPP FOUNDATION FINANCE TEAM THROUGH THE REVIEW OF THE QUARTERLY DRAWDOWN REQUESTS AND SITE VISITS AS APPLICABLE. EACH RECIPIENT SCHOOL IS REQUIRED TO SUBMIT APPROPRIATE DOCUMENTATION FOR ALL EXPENSES FOR WHICH THEY ARE REQUESTING TO DRAWDOWN FUNDS. KIPP FOUNDATION REVIEWS EACH REQUEST FOR ACCURACY AND ALLOWABILITY, IN ACCORDANCE WITH THE ORIGINAL BUDGET REQUEST. RECIPIENT SCHOOLS ARE SUBJECT TO AN ANNUAL SINGLE AUDIT AS APPLICABLE AND REVIEW OF SCHOOL FINANCIAL STATEMENTS TO ENSURE THAT EACH SCHOOL RECEIVED AN UNQUALIFIED OPINION. FINALLY, KIPP FOUNDATION PROVIDES AN ANNUAL REPORT TO THE U.S. DEPARTMENT OF EDUCATION REGARDING FUNDS RECEIVED DURING THE PREVIOUS FISCAL YEAR TO ENSURE COMPLIANCE. X 1 1 X X X 0 0 0 0 0 0 0 0 0 RICHARD BARTH CHIEF EXECUTIVE OFFICER 469873 0 0 0 1809 0 10600 0 1490 0 483772 0 0 0 MICHAEL FEINBERG CO-FOUNDER, DIRECTOR 218607 0 0 0 1743 0 8939 0 23648 0 252937 0 0 0 DAVID LEVIN CO-FOUNDER, DIRECTOR 466566 0 0 0 1743 0 10600 0 23648 0 502557 0 0 0 GARFIELD BYRD CFO, BOARD OFFICER 223428 0 0 0 2247 0 5617 0 23675 0 254967 0 0 0 WILLIAM HIGHBAUGH GENERAL COUNSEL, SECRETARY OF THE BO 212509 0 0 0 1743 0 8552 0 9522 0 232326 0 0 0 JACK CHOROWSKY PRESIDENT 360290 0 0 0 1887 0 10600 0 23648 0 396425 0 0 0 DAVID WICK CHIEF EXTERNAL IMPACT OFFICER 256066 0 0 0 1653 0 10062 0 23661 0 291442 0 0 0 JONATHAN COWAN CHIEF RESEARCH,DESIGN & INNOVATION O 242770 0 0 0 1694 0 9169 0 23648 0 277281 0 0 0 VALERIE FAILLACE CHIEF STRATEGY OFFICER (THRU 3/31/17 231524 0 30000 0 1643 0 9189 0 9435 0 281791 0 0 0 LISA DAGGS CHIEF NETWORK GROWTH OFFICER 220692 0 0 0 1743 0 8804 0 9435 0 240674 0 0 0 SHERRY PREISS CHIEF OF TEACHING & LEARNING LABS 205222 0 0 0 2661 0 8501 0 16258 0 232642 0 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDED HEALTH CLUB FEES REIMBURSEMENTS TO VALERIE FAILLACE FOR $200, LISA DAGGS FOR $200, WILLIAM HIGHBAUGH FOR $125, AND SHERRY PREISS FOR $200. DORIS & DONALD FISHER FUND DORIS FISHER-TRUSTEE AND JOHN FISHER-ADVISOR OF THE FUND. 288988 DORIS FISHER IS A TRUSTEE OF THE DORIS & DONALD FISHER FUND AND JOHN FISHER IS AN ADVISOR OF THE FUND AND THE SON OF DORIS FISHER. BOTH DORIS AND JOHN ARE ON THE BOARD OF DIRECTORS OF THE KIPP FOUNDATION. AN EMPLOYEE OF THE DORIS & DONALD FISHER FUND SERVED AS AN INDEPENDENT CONTRACTOR TO THE KIPP FOUNDATION. 0 X 5 4280280 FAIR MARKET VALUE 0 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS REFLECTS THE NUMBER OF DONORS, NOT THE NUMBER OF ITEMS DONATED. FORM 990, PART III, LINE 2 EXTERNAL IMPACT: THE FOUNDATION HAS CREATED A SET OF NATIONAL INITIATIVES AND PROGRAMS DESIGNED TO BROADEN OUR IMPACT BEYOND OUR KIPP SCHOOLS & REGIONS. THESE PROGRAMS INCLUDE EFFORTS TO SHARE KIPP CONTENT AND PROGRAMS WITH OUTSIDE EDUCATORS, AND TO DEVELOP PARTNERSHIPS SUPPORTING CAREER OPPORTUNITIES FOR OUR KIPP ALUMNI. FORM 990, PART VI, SECTION A, LINE 2 DORIS FISHER IS THE MOTHER OF JOHN FISHER. JACK CHOROWSKY IS THE BROTHER-IN-LAW OF DAVE LEVIN. FORM 990, PART VI, SECTION A, LINE 8B THE AUDIT COMMITTEE AND FINANCE COMMITTEE DO NOT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B MEMBERS OF THE FINANCE TEAM PREPARED THE 2016 990 ORGANIZER TABS, WHICH WERE EITHER REVIEWED BY THE CONTROLLER OR GRANTS MANAGER. ALL TABS WERE REVIEWED BY THE CHIEF FINANCIAL OFFICER. THE ORGANIZER WAS FORWARDED TO HOOD AND STRONG, LLP FOR PREPARATION OF THE FORM 990. UPON PREPARATION OF THE 990 DRAFT, THE ACCOUNTING MANAGER, THE CONTROLLER, THE CFO, AND GENERAL COUNSEL REVIEWED THE FIRST DRAFT. THE DRAFT WAS SUBMITTED TO THE AUDIT COMMITTEE MEMBERS. THE AUDIT COMMITTEE MEMBERS ARE ENCOURAGED TO REVIEW THE FORM 990 AND DIRECT THEIR QUESTIONS TO THE CFO AND/OR GENERAL COUNSEL. UPON SATISFACTION OF ANY QUESTIONS, THE FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS, AS DEFINED IN THE CONFLICT OF INTEREST POLICY. KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST ON AN ONGOING BASIS IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY AND KIPP FOUNDATION CODE OF ETHICS, WHICH REQUIRE DISCLOSURE WHEREVER A POTENTIAL CONFLICT ARISES. IF THE BOARD DETERMINES THERE IS A CONFLICT OF INTEREST, THE CHAIRMAN OF THE BOARD SHALL, IF APPROPRIATE, REQUEST AN INVESTIGATION OF ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. THE BOARD WILL THEN VOTE ON WHETHER OR NOT TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. THE INTERESTED PERSON MAY NOT VOTE ON WHETHER THE TRANSACTION OR ARRANGEMENT IS A CONFLICT OF INTEREST NOR WHETHER IT SHOULD BE APPROVED. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR APPROVAL INVOLVES AN INDEPENDENT THIRD PARTY ORGANIZATION PROVIDING INFORMATION WHICH: * PROVIDES MARKET COMPARABILITY DATA TO ASSIST THE BOARD IN MAKING DECISIONS REGARDING ANY POTENTIAL CHANGES TO THE CURRENT COMPENSATION PROGRAM, * EVALUATES THE COMPETITIVENESS OF THE CURRENT COMPENSATION ARRANGEMENTS AND ADVISE THE BOARD ON THE RANGE OF COMPETITIVE PRACTICES FOR FUNCTIONALLY COMPARABLE POSITIONS AMONG SIMILARLY SITUATED ORGANIZATIONS PROVIDING SIMILAR SERVICES, * PROVIDES OPINION ON THE REASONABLENESS OF THE PROPOSED COMPENSATION ARRANGEMENTS, TAKING ALL RELEVANT FACTORS INTO CONSIDERATION, TO ASSIST THE BOARD WITH ITS GOVERNANCE RESPONSIBILITIES UNDER INTERNAL REVENUE CODE SECTION 4958 AND APPLICABLE REGULATIONS, COMMONLY REFERRED TO AS THE "INTERMEDIATE SANCTIONS" LEGISLATION, AND * FINALLY, SAID COMPENSATION IS APPROVED BY THE KIPP FOUNDATION'S BOARD. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE FOR THE SAME PERIOD OF TIME SET FORTH IN IRC 6104(D). DOCUMENTS MAY BE VIEWED AT WWW.KIPP.ORG AND UPON REQUEST. FORM 990, PART IX, LINE 11G COMPUTER/SOFTWARE CONSULTING: PROGRAM SERVICE EXPENSES 50,774. MANAGEMENT AND GENERAL EXPENSES 9,016. FUNDRAISING EXPENSES 1,059. TOTAL EXPENSES 60,849. OPERATIONS CONSULTING: PROGRAM SERVICE EXPENSES 3,407,688. MANAGEMENT AND GENERAL EXPENSES 605,110. FUNDRAISING EXPENSES 71,102. TOTAL EXPENSES 4,083,900. CONSULTING TRAVEL EXPENSE: PROGRAM SERVICE EXPENSES 144,903. MANAGEMENT AND GENERAL EXPENSES 25,731. FUNDRAISING EXPENSES 3,023. TOTAL EXPENSES 173,657. TEMPORARY ASSISTANCE: PROGRAM SERVICE EXPENSES 352,054. MANAGEMENT AND GENERAL EXPENSES 62,515. FUNDRAISING EXPENSES 7,346. TOTAL EXPENSES 421,915. INSTRUCTIONAL CONSULTING: PROGRAM SERVICE EXPENSES 1,935,109. MANAGEMENT AND GENERAL EXPENSES 343,621. FUNDRAISING EXPENSES 40,376. TOTAL EXPENSES 2,319,106. INSTRUCTIONAL CONSULTING TRAVEL EXPENSES: PROGRAM SERVICE EXPENSES 212,643. MANAGEMENT AND GENERAL EXPENSES 37,759. FUNDRAISING EXPENSES 4,437. TOTAL EXPENSES 254,839. FORM 990, PART XI, LINE 9: KIPP MIAMI FISCAL SPONSORSHIP -237,180.