2016-02-05T16:07:48-06:00 2015-06-30 BKD LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990 2014-07-01 800037534 KIPP COLORADO SCHOOLS % JEREMY O'GRADY KIPP 7203753237 1390 Lawrence Street Suite 200 Denver CO 80204 JEREMY O'GRADY DIR. OF ACCOUNTING 7194714290 2016-02-15 true Rita F Worster CPA P00290681 7194714290 2014 2016-04-25 22:37:26Z KIMBERLEE SIA 1390 LAWRENCE ST STE 200 DENVER CO 80204 12642181 false X WWW.KIPPCOLORADO.ORG X 2002 CO THE MISSION OF KIPP (KNOWLEDGE IS POWER PROGRAM) IS TO HELP STUDENTS DEVELOP THE KNOWLEDGE, SKILLS AND CHARAC- TER STRENGTHS NEEDED TO SUCCEED IN COLLEGES AND THE COMPETITIVE WORLD. 12 12 186 150 0 2287764 2976159 8313401 9626349 2822 2124 -3211 -16086 10600776 12588546 0 49856 0 0 6831735 8714917 0 0 209509 3613481 4170351 10445216 12935124 155560 -346578 3340032 3930452 581180 6996774 2758852 -3066322 KIPP COLORADO'S MISSION IS TO EQUIP OUR STUDENTS WITH THE ACADEMIC SKILLS AND CHARACTER STRENGTHS NECESSARY TO SUCCEED IN COLLEGE AND THE COMPETITIVE WORLD BEYOND. false false 10217605 49856 9629310 ONE TRADITIONAL HIGH SCHOOL (KIPP DENVER COLLEGIATE - BENEFITTING APPROXIMATELY 361 STUDENTS) AND TWO TRADITIONAL MIDDLE SCHOOLS (KIPP SUNSHINE PEAK ACADEMY - BENEFITTING APPROXIMATELY 380 STUDENTS, AND KIPP MONTBELLO COLLEGE PREP - BENEFITTING APPROXIMATELY 411 STUDENTS) OFFERING SCHOOL SUBJECTS IN ENGLISH, MATH, SCIENCE AND HISTORY. 10217605 true true false false false false false false false false true false false true true false true false true false false false false false true false false false true false false false false false false false false false false false false false false false false false true 27 0 true 186 true false false false false false true true false false false true false X 12 12 false false false false false false false true true false false true true true true true true true true false X JEREMY O'GRADY 3039343245 1390 LAWRENCE ST STE 200 DENVER CO 80204 NINA LOPEZ BOARD CHAIR through 06/2015 2.0 0.0 X X 0 0 0 BRUCE SIEGEL BOARD VICE CHAIR 2.0 0.0 X X 0 0 0 ERIK SCHMIDT TREASURER through 06/2015 2.0 0.0 X X 0 0 0 KATY ANTHES SECRETARY 2.0 0.0 X X 0 0 0 POLLY BREIT DIRECTOR 2.0 0.0 X 0 0 0 ALICIA ECONOMOS DIRECTOR 2.0 0.0 X 0 0 0 DAN FRIESEN DIRECTOR 2.0 0.0 X 0 0 0 KEN JOEL DIRECTOR 2.0 0.0 X 0 0 0 KELLIE O'KEEFE DIRECTOR 2.0 0.0 X 0 0 0 DAMION LEENATALI DIRECTOR 2.0 0.0 X 0 0 0 LISA ROY DIRECTOR 2.0 0.0 X 0 0 0 ELIZABETH SHAW DIRECTOR 2.0 0.0 X 0 0 0 DREW TYRIE DIRECTOR 2.0 0.0 X 0 0 0 MARIBETH YOUNGER DIRECTOR 2.0 0.0 X 0 0 0 KIMBERLEE SIA EXECUTIVE DIRECTOR 50.0 0.0 X 126584 0 17390 JEREMY O'GRADY DIR. OF ACCOUNTING & FINANCE 50.0 0.0 X 86020 0 14131 JENNY TAN CHIEF ACADEMIC OFFICER 50.0 0.0 X 125959 0 12974 338563 0 44495 2 false false false 0 98520 1640965 1236674 4000 2976159 PER PUPIL REVENUE 611710 8593706 8593706 DISTRICT MILL LEVY 611710 925715 925715 STUDENT FEES 611710 100981 100981 FOOD SERVICE 611710 5947 5947 9626349 2124 2124 0 0 0 0 0 0 34588 98520 53635 -19047 -19047 0 0 MISCELLANEOUS REVENUE 900099 2961 2961 2961 12588546 9629310 -16923 0 49856 49856 0 0 212536 212536 0 6393248 5459726 794486 139036 1523371 1273251 216773 33347 435561 363779 61882 9900 150201 76297 71888 2016 0 16890 16890 20500 20500 0 0 0 438791 180662 252779 5350 30250 19489 4472 6289 148887 129051 17954 1882 305212 279598 25614 0 722293 559688 162605 134132 71528 62604 0 51059 30336 17464 3259 4119 4119 0 43191 43191 53123 53123 DISTRICT SERVICES 901037 627034 274003 BOOKS AND SUPPLIES 456611 395284 53971 7356 STUDENT FOOD SERVICES 254249 254249 FIELD TRIPS & TRANSPORTATION 292162 292162 297845 112424 184347 1074 12935124 10217605 2508010 209509 811333 1687775 1248022 905215 534130 544636 0 1542 0 0 0 0 0 0 0 0 8576 11324 933562 400101 524652 533461 0 0 0 0 0 0 0 0 213319 246499 3340032 3930452 455662 483458 0 0 36994 320668 0 0 0 0 0 0 88524 23364 0 0 0 6169284 581180 6996774 X 2322724 2592865 436128 510097 0 -6169284 2758852 -3066322 3340032 3930452 X -346578 -5478596 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 819767 327906 491861 113795 72195 41600 533461 TABOR RECEIVABLE 246499 246499 0 NET PENSION LIABILITY 6169284 6169284 12642181 53635 53635 12588546 12588546 12372040 170795 170795 12201245 733879 733879 12935124 schedule d, part x, line 2 management has evaluated their income tax positions under the guidance provided in asc 740. based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements. schedule d, part xi, line 2d fundraising event expenses classed as expense on financial statements 53,635 schedule d, part xii, line 2d capital outlay treated as expenditure on governmental funds report 52,000 repayment of long-term debt treated as expenditure on governmental funds report 65,160 fundraising event expenses classed as expense on financial statements 53,635 total 170,795 schedule d, part xii, line 4b depreciation expense treated as capital outlay on governmental funds report 43,191 pension expense not reported as expenditure on governmental funds report 690,688 total 733,879 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 KIPP COLORADO SCHOOLS OPERATES IN ACCORDANCE WITH THE NON-DISCRIMINATION POLICIES OF DENVER PUBLIC SCHOOLS. KIPP COLORADO SCHOOLS DOES NOT DISCRIMINATE IN STUDENT RECRUITMENT OR SELECTION BASED ON RACE OR ANY OTHER FACTOR. ALL KIPP COLORADO SCHOOLS PARTICIPATE IN THE DENVER PUBLIC SCHOOLS CHOICE ENROLLMENT PROCESS. KIPP COLORADO SCHOOLS CANNOT SELECT ITS STUDENTS, CANNOT REQUIRE ADMISSIONS EXAMS AND CANNOT DISCRIMINATE AGAINST STUDENTS IN ANY WAY, INCLUDING AGAINST STUDENTS WHO RECEIVE SPECIAL EDUCATION OR BILINGUAL SERVICES, NOR WOULD WE WISH TO. IN ADDITION TO ALL NON-DISCRIMINATION DISCLOSURES MADE IN THE CHOICE ENROLLMENT PROCESS BY DENVER PUBLIC SCHOOLS, KIPP'S POLICIES REGARDING NONDISCRIMINATION ARE DISCLOSED IN THE SCHOOL PARENT HANDBOOKS AND IN THE EMPLOYEE HANDBOOK. SCHEDULE E, PART I, LINE 6A KIPP COLORADO SCHOOLS ARE PUBLICLY FUNDED UNDER DENVER PUBLIC SCHOOLS COLFAX MARATHON 35022 26441 8581 16550 GROWING MINDS 62618 54568 8050 1553 2708 14251 1 35468 17511 17957 17958 615 133108 98520 34588 19511 2708 31416 53635 -19047 true SCHOLARSHIPS 8 49856 schedule I, part i, line 2 all scholarships for students are provided directly to the college the student will be attending. the organization tracks the progress of students benefitting from the scholarships, including information regarding college persistence and graduation. This information is then compiled in an annual report and provided to the foundation that originally provided the scholarship money to kipp colorado schools. FORM 990, PART VI, SECTION B, LINE 11B THE TAX PREPARER PROVIDES THE DIRECTOR OF FINANCE WITH A COMPLETED 990 DRAFT FOR REVIEW. ONCE REVIEWED AND APPROVED BY THE DIRECTOR OF FINANCE, THE 990 DRAFT IS EMAILED TO THE ENTIRE BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR PRIOR TO FILING. THE BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR PROVIDE QUESTIONS AND/OR FEEDBACK TO THE DIRECTOR OF FINANCE, WHO SUBMITS ANY REQUESTED CHANGES TO THE TAX PREPARER. UPON APPROVAL BY THE EXECUTIVE DIRECTOR AND THE BOARD TREASURER, THE 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISCLOSED AND REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS AND OFFICERS OF THE ORGANIZATION. EACH BOARD MEMBER AND OFFICER SIGNS AN ACKNOWLEDGEMENT FORM WITH A SECTION TO DISCLOSE ANY CONFLICTS. IN THE EVENT OF A CONFLICT OF INTEREST THE INTERESTED PERSON MAY MAKE A PRESENTATION TO THE BOARD OF DIRECTORS, BUT AFTER SUCH PRESENTATION, HE/SHE WILL LEAVE THE MEETING DURING THE DISCUSSION OF, AND VOTE ON, THE TRANSACTION THAT RESULTED IN THE CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OF DIRECTORS SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION IS IN THE CORPORATION'S BEST INTEREST. FORM 990, PART VI, SECTION B, LINE 15A executive director compensation is reviewed, approved and documented by the board of directors. an informal survey of executive director compensation at similar educational exempt organizations by the board of directors was used for comparability purposes. FORM 990, PART VI, SECTION B, LINE 15B director of accounting & finance compensation is reviewed, approved and documented by the executive director and chief operating officer. an informal survey of director compensation at similar educational exempt organizations by the executive director was used for comparability purposes. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 pension expense not reported as expenditure on governmental funds report 690,688 IMPLEMENTATION OF GASB 68 (6,169,284) TOTAL (5,478,596) form 990, part i, line 19 form 990, part i, line 19 includes a current year increase to pension expense in the amount of $690,688 related to the implementation of GASB 68. excluding the increase to pension expense related to gasb 68 results in the following: line 12: total revenue 12,588,546 line 18: total expenses (12,244,436) line 19: revenue less expenses 344,110 form 990, part x form 990, part x excludes the effect of deferred outflows and deferred inflows of resources that are reported on the audited statement of net position. including the deferred outflows and deferred inflows results in the following: line 16: total assets 4,787,476 line 26: total liabilities 6,998,157 line 33: total fund balances 2,210,681