BETA

KIPP MEMPHIS INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
KIPP MEMPHIS INC (EIN 68-0502820)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-05-16
IRS object ID
201621379349307217
Schema version
2014v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-05-16T14:51:42-05:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN621657946PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CANNON WRIGHT BLOUNT PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1756 RIDGE LAKE BLVD SUITE 100AddressLine1Txt
CityMEMPHISCityNm
State AbbreviationTNStateAbbreviationCd
ZIP381209420ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN680502820EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KIPP MEMPHISBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKIPPBusinessNameControlTxt
Phone9014522682PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12670 UNION AVENUE EXTENDED NO 1100AddressLine1Txt
CityMEMPHISCityNm
State AbbreviationTNStateAbbreviationCd
ZIP381124430ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKELLY WRIGHTPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone9014522682PhoneNum
Signature2016-05-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKATHY PENNELLA CPAPreparerPersonNm
PTINP01278832PTIN
Phone9016857500PhoneNum
Preparation2016-05-13PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKELLY WRIGHTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12670 UNION AVENUE EXTENDED NO 1100AddressLine1Txt
CityMEMPHISCityNm
State AbbreviationTNStateAbbreviationCd
ZIP381124430ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$21,502,609GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.KIPPMEMPHIS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2008FormationYr
Legal Domicile StateTNLegalDomicileStateCd
Activity Or MissionKIPP MEMPHIS IS THE OPERATING ENTITY OF KIPP COLLEGIATE MIDDLE SCHOOL, KIPP COLLEGIATE HIGH SCHOOL, KIPP COLLEGIATE ELEMENTARY SCHOOL, AND KIPP ACADEMY MIDDLE SCHOOL, KIPP ACADEMY ELEMENTARY SCHOOL, KIPP PREPARATORY MIDDLE SCHOOL, KIPP UNIVERSITY MIDDLE SCHOOL, KIPP PREPARATORY ELEMENTARY SCHOOL, AND PUBLIC CHARTER SCHOOLS.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee302TotalEmployeeCnt
Total Volunteers24TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$9,510,464PYContributionsGrantsAmt
CY Contributions Grants$7,634,211CYContributionsGrantsAmt
PY Program Service Revenue$10,402,886PYProgramServiceRevenueAmt
CY Program Service Revenue$13,807,542CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$101,293PYOtherRevenueAmt
CY Other Revenue$60,856CYOtherRevenueAmt
PY Total Revenue$20,014,643PYTotalRevenueAmt
CY Total Revenue$21,502,609CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$10,243,955PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$12,690,381CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$6,604,559PYOtherExpensesAmt
CY Other Expenses$9,681,674CYOtherExpensesAmt
PY Total Expenses$16,848,514PYTotalExpensesAmt
CY Total Expenses$22,372,055CYTotalExpensesAmt
PY Revenues Less Expenses$3,166,129PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$869,446CYRevenuesLessExpensesAmt
Total Assets BOY$7,558,707TotalAssetsBOYAmt
Total Assets EOY$10,824,159TotalAssetsEOYAmt
Total Liabilities BOY$1,828,565TotalLiabilitiesBOYAmt
Total Liabilities EOY$7,701,112TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,730,142NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,123,047NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE MISSION OF KIPP MEMPHIS COLLEGIATE SCHOOLS IS TO CREATE, MANAGE, AND SUPPORT HIGH-PERFORMING PUBLIC CHARTER SCHOOLS IN THE MEMPHIS COMMUNITY THAT WILL EQUIP ALL STUDENTS WITH THE NECESSARY ACADEMIC AND LIFE SKILLS NEEDED TO SUCCEED THROUGH COLLEGE AND THE COMPETITIVE WORLD BEYOND. THOSE SCHOOLS ARE KIPP MEMPHIS COLLEGIATE MIDDLE, KIPP MEMPHIS COLLEGIATE HIGH, KIPP MEMPHIS COLLEGIATE ELEMENTARY, KIPP MEMPHIS ACADEMY MIDDLE, KIPP MEMPHIS ACADEMY ELEMENTARY, AND KIPP MEMPHIS PREPARATORY MIDDLE, KIPP MEMPHIS UNIVERSITY MIDDLE, AND KIPP MEMPHIS PREPARATORY ELEMENTARY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$16,770,650ExpenseAmt
Revenue$13,868,398RevenueAmt
DescCHARTER 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.Desc
Total Program Service Expenses$16,770,650TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document71IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee302EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldTNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DAVID BARCZAK & LEE ANN KANALYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9014522682PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12670 UNION AVENUE EXTENDED SUITEAddressLine1Txt
CityMEMPHISCityNm
State AbbreviationTNStateAbbreviationCd
ZIP381124430ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
BARBARA HYDE
MEMBER2.00Yes (X)$0$0$0
CHARLES GERBER
SECRETARY2.00Yes (X)$0$0$0Yes (X)
PETER FORMANEK
TREASURER2.00Yes (X)$0$0$0Yes (X)
RHOMES AUR
MEMBER2.00Yes (X)$0$0$0
ELLIOT PERRY
MEMBER2.00Yes (X)$0$0$0
JIM BOYD
MEMBER2.00Yes (X)$0$0$0
APRIL JACKSON
MEMBER2.00Yes (X)$0$0$0
GREG THOMPSON
MEMBER2.00Yes (X)$0$0$0
TERENCE PATTERSON
CHAIRMAN2.00Yes (X)$0$0$0Yes (X)
KELLY WRIGHT
EXECUTIVE DIRECTOR40.00$0$0$0Yes (X)
JAMAL MCCALL
EXECUTIVE DIRECTOR40.00$171,211$0$27,896Yes (X)
ANN FITE
CHIEF FINANCIAL OFFICER40.00$120,703$0$23,047Yes (X)
JENAI EMMEL
CHIEF ACADEMIC OFFICER40.00$51,923$0$4,694Yes (X)
TERENCE JOHNSON
CHIEF OF SCHOOLS40.00$0$0$0Yes (X)
CHRIS WERNER
CHIEF OPERATING OFFICER40.00$62,491$0$6,204Yes (X)
ANDREW BOBOWSKI
SCHOOL PRINCIPAL40.00$100,371$0$13,933Yes (X)
GRACE WILLIAMS
SCHOOL PRINCIPAL40.00$106,590$0$14,957Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$613,289TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$90,731TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K4IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$5,242,519GovernmentGrantsAmt
All Other Contributions$2,391,692AllOtherContributionsAmt
Total Contributions$7,634,211TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescSTUDENT RELATED REVENUEDesc
Business611600BusinessCd
Total Revenue Column$13,807,542TotalRevenueColumnAmt
Related Or Exempt Func Income$13,807,542RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$13,807,542TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER LOCAL REVENUEDesc
Business611600BusinessCd
Total Revenue Column$60,856TotalRevenueColumnAmt
Related Or Exempt Func Income$60,856RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$60,856OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$21,502,609TotalRevenueColumnAmt
Related Or Exempt Func Income$13,868,398RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$509,279TotalAmt
Program Services$335,316ProgramServicesAmt
Management And General$173,963ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$9,535,538TotalAmt
Program Services$6,139,297ProgramServicesAmt
Management And General$3,396,241ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$966,134TotalAmt
Program Services$636,117ProgramServicesAmt
Management And General$330,017ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$824,075TotalAmt
Program Services$542,584ProgramServicesAmt
Management And General$281,491ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$855,355TotalAmt
Program Services$563,179ProgramServicesAmt
Management And General$292,176ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$47,412TotalAmt
Management And General$47,412ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$58,449TotalAmt
Management And General$58,449ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,474,119TotalAmt
Program Services$1,074,972ProgramServicesAmt
Management And General$399,147ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$44,515TotalAmt
Management And General$44,515ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$781,279TotalAmt
Program Services$698,978ProgramServicesAmt
Management And General$82,301ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,383,101TotalAmt
Program Services$1,369,127ProgramServicesAmt
Management And General$13,974ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$115,573TotalAmt
Program Services$64,097ProgramServicesAmt
Management And General$51,476ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$18,058TotalAmt
Program Services$18,058ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$635,513TotalAmt
Program Services$592,703ProgramServicesAmt
Management And General$42,810ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$31,444TotalAmt
Management And General$31,444ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
FOOD SERVICES$1,822,311$1,822,311
STUDENT SERVICES$1,405,066$1,290,808$114,258
OPERATING LEASE PAYMENT$926,035$836,488$89,547
STAFF DEVELOPMENT$514,468$462,153$52,315

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$424,331TotalAmt
Program Services$324,462ProgramServicesAmt
Management And General$99,869ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$22,372,055TotalAmt
Program Services$16,770,650ProgramServicesAmt
Management And General$5,601,405ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$3,354,010BOYAmt
EOY$3,874,069EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,045,976BOYAmt
EOY$1,315,547EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$161,760BOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,306,101BOYAmt
EOY$1,613,401EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,440,434LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,515,094LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,690,860BOYAmt
EOY$1,925,340EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$2,095,802EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,558,707BOYAmt
EOY$10,824,159EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,062,807BOYAmt
EOY$1,332,259EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$765,758BOYAmt
EOY$6,368,853EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,828,565BOYAmt
EOY$7,701,112EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,730,142BOYAmt
EOY$3,123,047EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,730,142BOYAmt
EOY$3,123,047EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,558,707BOYAmt
EOY$10,824,159EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$869,446ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$1,737,649OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,912,894OtherCostOrOtherBasisAmt
Depreciation$1,295,719DepreciationAmt
Book Value$1,617,175BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$527,540OtherCostOrOtherBasisAmt
Depreciation$219,375DepreciationAmt
Book Value$308,165BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,925,340TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
DEFERRED OUTFLOWS OF RESOURCES - PENSIONS$1,467,155
NET PENSION ASSET$628,647
FieldValueIRS element (for citing)
Total Book Value Other Assets$2,095,802TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
GRANT ADVANCES$500,000
DEFERRED INFLOWS OF RESOURCES - CONTRIBUTIONS FOR FUTURE PERIODS$2,702,632
DEFERRED INFLOWS OF RESOURCES - PENSIONS$3,166,221
FieldValueIRS element (for citing)
Total Liability$6,368,853TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$21,502,609TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$21,502,609RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$21,502,609TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$22,372,055TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$22,372,055ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$22,372,055TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ACADEMY ADOPTED THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, WHICH PROVIDES GUIDANCE FOR HOW UNCERTAIN INCOME TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED AND DISCLOSED IN THE FINANCIAL STATEMENTS. THE ACADEMY IS REQUIRED TO EVALUATE 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 ACADEMY HAS DETERMINED THAT THE APPLICATION OF THE INCOME TAXES STANDARD DOES NOT IMPACT THE OPERATIONS OF THE ACADEMY AND THAT NO PROVISION FOR INCOME TAX IS REQUIRED IN THE ACADEMY'S FINANCIAL STATEMENTS. AS OF JUNE 30, 2015, THE FOLLOWING TAX YEARS REMAIN OPEN DUE TO THE APPLICABLE TAX AUTHORITY'S ABILITY TO REVIEW AND ASSESS PREVIOUSLY ISSUED RETURNS: FEDERAL - JUNE 30, 2012, 2013, 2014 AND 2015. THERE HAVE BEEN NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENTS OF FINANCIAL POSITION OR STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS FOR THE YEAR ENDED JUNE 30, 2015.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships Recs0MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 4SCHOLARSHIPS AND FINANCIAL ASSISTANCE AWARDS INFORMATION IS NOT APPLICABLE BECAUSE THERE IS NO COST TO STUDENTS.
SCHEDULE E, PART I, LINE 6THE ORGANIZATION RECEIVES GRANTS FROM THE US DEPARTMENT OF EDUCATION, TENNESSEE DEPARTMENT OF EDUCATION, AND MEMPHIS CITY SCHOOLS.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonJAMAL MCCALLPersonNm
TitleEXECUTIVE DIRECTORTitleTxt
Base Compensation Filing Org$166,211BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$5,000BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$27,896NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$199,107TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER FOR ACCURACY BEFORE IT IS FILED. FINANCIAL STATEMENTS ARE REVIEWED WITH THE BOARD QUARTERLY AND IN A FINER LEVEL OF DETAIL WITH THE FINANCE COMMITTEE OF THE BOARD QUARTERLY.
FORM 990, PART VI, SECTION B, LINE 12CTHE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY PERIODICALLY HAVING EMPLOYEES UPDATE CONFLICT OF INTEREST FORMS.
FORM 990, PART VI, SECTION B, LINE 15KEY EMPLOYEES COMPENSATION IS DETERMINED BY TWICE-YEARLY PERFORMANNCE REVIEWS AS WELL AS BY COMPARISON AGAINST KIPP FOUNDATION'S NATIONAL COMPENSATION SURVERY, WHICH IS COMPLETED ANNUALLY. COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY THE BOARD OF DIRECTORS, AN ANNUAL PERFORMANCE REVIEW, AND BY COMPARISON AGAINST KIPP FOUNDATION'S NATIONAL COMPENSATION SURVEY.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:GASB 68 ADJUSTMENTS - PENSION -1,744,654. PRIOR PERIOD ADJUSTMENT 7,005.
FORM 990, PART XII, LINE 2C:THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.

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