2016-05-16T11:43:11-05:00 2015-06-30 941254756 HOOD & STRONG LLP 100 FIRST STREET 14TH FLOOR SAN FRANCISCO CA 94105 990 2014-07-01 943362724 KIPP FOUNDATION KIPP 4153991556 135 MAIN STREET NO 1700 SAN FRANCISCO CA 94105 GARFIELD BYRD CFO 4158747383 2016-05-11 1 MAGA E KISRIEV P01008919 4157810793 2014 2016-08-17 19:52:53Z RICHARD BARTH 135 MAIN STREET NO 1700 SAN FRANCISCO CA 94105 90175153 0 X WWW.KIPP.ORG X 2000 CA TO CREATE PUBLIC SCHOOLS THAT EQUIP UNDERSERVED STUDENTS WITH SKILLS TO SUCCEED IN COLLEGE & LIFE. 14 8 236 16 0 0 60389192 63150784 4413332 5230055 34883 23452 5317 4187 64842724 68408478 25072623 23479474 0 0 21209498 22813835 0 0 2085119 21807809 25607705 68089930 71901014 -3247206 -3492536 67203205 65449107 18913760 20652198 48289445 44796909 X THE PURPOSE OF THE KIPP FOUNDATION IS TO CREATE A RESPECTED, INFLUENTIAL, AND NATIONAL NETWORK OF FREE, OPEN ENROLLMENT, COLLEGE PREPARATORY 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. 0 0 32292742 23479474 3468022 NETWORK GROWTH & SUSTAINABILITY:THE FOUNDATION PROVIDES ON-GOING ASSISTANCE TO EXISTING KIPP SCHOOLS & REGIONS IN THE AREA OF PROFESSIONAL DEVELOPMENT, CURRICULUM, INSTRUCTIONAL SUPPORT, SCHOOL OPERATIONS, SUSTAINABLE GROWTH, FUNDRAISING, AND MARKETING. 12793679 0 1762033 LEADERSHIP DEVELOPMENT:THE FOUNDATION TRAINS TEACHERS TO BE SCHOOL LEADERS AND TO ESTABLISH NEW KIPP SCHOOLS THROUGH ITS YEAR LONG KIPP SCHOOL LEADERSHIP PROGRAM (KSLP). KSLP HAS FIVE COHORTS: THE FISHER FELLOWSHIP, SUCCESSOR PREPARATION, LEADERSHIP TEAM, TEACHER LEADER, AND THE MILES FAMILY FELLOWSHIP.THE FISHER FELLOWSHIP IS A YEAR-LONG TRAINING FOCUSED ON OPENING AND LEADING A NEW KIPP SCHOOL. SUCCESSOR PREPARATION IS AN 18-MONTH LONG TRAINING FOCUSED ON ASSUMING 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. 9985776 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 ONLEARNING, PROFESSIONAL DEVELOPMENT, AND SHARING; PROVIDING THE TECHNOLOGY INFRASTRUCTURE AND APPLICATION DEVELOPMENT SUPPORT FOR KIPP FOUNDATION TEAMS. 7169211 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. 7169211 0 0 62241408 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 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 1 198 0 1 236 1 0 0 0 0 0 0 0 0 0 0 X 14 8 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 AK AL AR CA CT FL GA IL KS KY MA MD MI MN MS NC NH NJ NM NV NY OK OR PA RI SC TN UT VA WI WV X X GARFIELD BYRD 4155134114 135 MAIN STREET SUITE 1700 SAN FRANCISCO CA 94105 KATHERINE BRADLEY BOARD MEMBER 1.00 X 0 0 0 PHILIPPE DAUMAN BOARD MEMBER 1.00 X 0 0 0 DORIS FISHER CO-FOUNDER, BOARD MEMBER 1.00 X 0 0 0 JOHN FISHER CHAIRMAN OF THE BOARD 1.00 X 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 CARRIE WALTON PENNER BOARD MEMBER 1.00 X 0 0 0 EMMA BLOOMBERG BOARD MEMBER 1.00 X 0 0 0 RHONDA KALIFEY-ALUISE BOARD MEMBER (THRU 4/24/15) 1.00 X 0 0 0 JOSE VILLARREAL BOARD MEMBER (THRU 5/31/15) 1.00 X 0 0 0 RICHARD BARTH CHIEF EXECUTIVE OFFICER 40.00 X X 432198 0 12049 MIKE FEINBERG CO-FOUNDER, DIRECTOR 40.00 X 187582 0 33879 DAVID LEVIN CO-FOUNDER, DIRECTOR 40.00 X 440769 0 33923 SUSAN SCHAEFFLER BOARD MEMBER 1.00 X X 10000 0 0 TARUN BHATIA CHIEF FINANCIAL OFFICER (THRU 12/15) 40.00 X 206738 0 33528 MARISELA MARTINEZ SECRETARY 1.00 X 89214 0 17734 JONATHAN COWAN RESEARCH, DESIGN & INNOVATION 40.00 X 229249 0 30397 JACK CHOROWSKY CHIEF OPERATING OFFICER 40.00 X 271859 0 40327 KELLY WRIGHT CHIEF PROGRAM OFFICER 40.00 X 236399 0 18398 DAVID WICK CHIEF DEVELOPMENT OFFICER 40.00 X 227805 0 35326 WILLIAM HIGHBAUGH GENERAL COUNSEL 40.00 X 205431 0 19210 VALERIE FAILLACE CHIEF STRATEGIC OFFICER 40.00 X 201162 0 17513 MIKE WRIGHT SENIOR RELATIONSHIP MANAGER 40.00 X 187857 0 30166 LINDA BELANS SR DIRECTOR LEADERSHIP COACHING 40.00 X 189549 0 23303 3115812 0 345753 63 0 1 0 MATHEMATICA POLICY RESEARCH INC PO BOX 2393 PRINCETON NJ 08543 RESEARCH AND DATA COLLECTION SERVICES 973851 GREAT MINDS (COMMON CORE INC) 100 M STREET SE STE 500 WASHINGTON DC 20003 PROGRAMMING RESEARCH AND DEVELOPMENT 818774 EVENT TECHNOLOGY LLC 1629 PRIME COURT STE 100 ORLANDO FL 32809 TECHNICAL EVENT SUPPORT 606973 IDEO LP 715 ALMA STREET PALO ALTO CA 94301 DESIGN AND STRATEGY DEVELOPMENT FOR KIPP 571506 RNM 135 MAIN LP 135 MAIN STREET SAN FRANCISCO CA 94105 RENT AND RENT SERVICES 561061 37 24065448 39085336 2862459 63150784 LICENSE FEES 900099 3468022 3468022 SERVICE FEES & CONF 900099 1762033 1762033 5230055 28824 28824 21761303 21766675 -5372 -5372 -5372 LOAN ORIG/PTL GUARANTY 900099 2240 2240 MISCELLANEOUS INCOME 900099 1947 1947 4187 68408478 5230055 0 27639 X 23286112 23286112 193362 193362 3028320 1245605 1334161 448554 15796294 12803532 2061098 931664 540513 399979 113508 27026 2112364 1538234 397305 176825 1336344 988895 280632 66817 45780 44855 925 229625 229625 8835089 7457027 1286607 91455 36419 36300 119 1607055 1175544 391562 39949 396133 320468 63081 12584 1226068 916067 251681 58320 4098638 3829535 109230 159873 5195831 5143429 38934 13468 409 190 206 13 877248 333005 489989 54254 52901 39147 11109 2645 FISCAL SPONSORSHIP TOWN 1444836 1444836 0 0 SCHOOL LEADER TRAINING 732930 655115 77576 239 EMPLOYEE RECRUITING COS 448195 9623 437139 1433 VIDEO PRODUCTION 90290 90290 290258 290258 71901014 62241408 7574487 2085119 35450810 39707565 19845058 15927434 3399093 2918311 1700000 2300000 2634228 722416 5411981 3276074 2188969 2135907 1921242 576157 63805 1161317 67203205 65449107 11249404 12818610 175625 596322 7488731 7237266 18913760 20652198 X 26139010 30337508 22150435 14459401 48289445 44796909 67203205 65449107 -3492536 0 X 0 1 X 1 1 1 X 45419200 52851211 62452414 59585599 61843473 282151897 45419200 52851211 62452414 59585599 61843473 282151897 82112437 200039460 89889 65082 49492 35505 28824 268792 10578 5995 2442 5317 4187 28519 282449208 21117773 0.70820 0.71310 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2010 AMOUNT: $ 10,578. 2011 AMOUNT: $ 5,995. 2012 AMOUNT: $ 2,442. 2013 AMOUNT: $ 5,317. 2014 AMOUNT: $ 4,187. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 1 566061 1 113769 1 5988 0 685818 0 PART II-B, LINE 1: THE FOUNDATION HAS A SENIOR GOVERNMENT AFFAIRS AND POLICY DIRECTOR 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 THIS INDIVIDUAL. 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. 1065639 381359 684280 1267877 775417 492460 3078465 2119298 959167 2135907 GUARANTEES 15905 GOVERNMENT ADVANCE 7221361 7237266 X 68804179 1840537 1840537 66963642 1444836 1444836 68408478 72296715 1840537 1840537 70456178 1444836 1444836 71901014 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 THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FISCAL SPONSORSHIP RECORDED AS A LIABILITY ON FINANCIAL STATEMENTS 1,444,836. PART XII, LINE 4B - OTHER ADJUSTMENTS: FISCAL SPONSORSHIP RECORDED AS A LIABILITY ON FINANCIAL STATEMENTS 1,444,836. 1 KIPP LA SCHOOLS 3601 E FIRST STREET LOS ANGELES CA 90022 261607268 501(C)(3) 2567070 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP HOUSTON 10711 KIPP WAY HOUSTON TX 77099 133875888 501(C)(3) 1827522 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP DC 1003 K STREET NW SUITE 700 WASHINGTON DC 20001 742974642 501(C)(3) 1574362 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP MEMPHIS COLLEGIATE SCHOOLS 2670 UNION AVENUE EXTENDED 1100 MEMPHIS TN 38112 680502820 501(C)(3) 1476429 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP BAY AREA SCHOOLS 1404 FRANKLIN STREET SUITE 500 OAKLAND CA 94612 205010766 501(C)(3) 1242933 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP DALLAS-FORT WORTH 1401 SOUTH LAMAR STREET LWR LEVEL DALLAS TX 75215 820578155 501(C)(3) 1060602 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP AUSTIN PUBLIC SCHOOLS INC 8509 FM 969 BUILDING 513 AUSTIN TX 78724 010639602 501(C)(3) 1014845 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP CHICAGO 1945 SOUTH HALSTED STREET 101 CHICAGO IL 60608 300075271 501(C)(3) 988630 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP NYC 470 7TH AVENUE 10TH FLOOR NEW YORK NY 10018 203971209 501(C)(3) 973506 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP METRO ATLANTA 350 TEMPLE STREET NW ATLANTA GA 30314 113723114 501(C)(3) 911270 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP SAN ANTONIO 731 FREDERICKSBURG ROAD SAN ANTONIO TX 78201 412090713 501(C)(3) 910647 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP NASHVILLE 3410 KNIGHT DRIVE NASHVILLE TN 37207 202799123 501(C)(3) 897928 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP MASSACHUSETTS 90 HIGH ROCK STREET LYNN MA 01902 743153091 501(C)(3) 873076 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP ST LOUIS 2647 OHIO AVENUE ST LOUIS MO 63118 010916759 501(C)(3) 838569 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP JACKSONVILLE 1440 MCDUFF AVENUE NORTH JACKSONVILLE FL 46205 264046741 501(C)(3) 712561 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP EASTERN NOTHERN CAROLINA 320 PLEASANT HILL ROAD GASTON NC 64127 742991314 501(C)(3) 712453 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP INDIANAPOLIS 1740 EAST 30TH STREET INDIANAPOLIS IN 77099 300145826 501(C)(3) 674315 PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP COLORADO SCHOOLS 451 SOUTH TEJON STREET DENVER CO 80223 800037534 501(C)(3) 584827 PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS TEAM ACADEMY CHARTER SCHOOLS INC 60 PARK PLACE SUITE 802 NEWARK NJ 02141 010660264 501(C)(3) 533068 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP NEW ORLEANS 2514 THIRD STREET NEW ORLEANS LA 70113 202277213 501(C)(3) 497550 PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP MINNESOTA 5034 N OLIVER AVENUE MINNEAPOLIS MN 55403 208877750 501(C)(3) 443525 PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP DELTA PUBLIC SCHOOLS 415 OHIO STREET HELENA AR 72342 311807400 501(C)(3) 415933 PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP COLUMBUS 2750 AGLER ROAD COLUMBUS OH 43224 208627107 501(C)(3) 380086 PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP BALTIMORE INC 4701 GREENSPRING AVE RM 115 BALTIMORE MD 21209 522342513 501(C)(3) 362020 PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP ENDEAVOR ACADEMY 2700 E 18TH ST 155 B KANSAS CITY MO 32254 208552002 501(C)(3) 174038 PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP PHILADELPHIA SCHOOLS 5900 BALTIMORE AVENUE PHILADELPHIA PA 19132 050546103 501(C)(3) 138646 PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP ADELANTE PREPARATORY ACADEMY 1475 SIXTH AVE 100 SAN DIEGO CA 92101 481291867 501(C)(3) 132631 PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP TECH VALLEY 1 DUDLEY HEIGHTS ALBANY NY 12210 201347748 501(C)(3) 116157 SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP REACH COLLEGE PREPARATORY 1901 NE 13TH STREET OKLAHOMA CITY OK 73117 300005794 501(C)(3) 108134 PHILANTHROPIC PASS THROUGH, FEDERAL SUB-GRANTS KIPP CHARLOTTE 931 WILANN DRIVE CHARLOTTE NC 28215 205664061 501(C)(3) 73704 PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP TULSA COLLEGE PREPARATORY 1661 EAST VIRGIN STREET TULSA OK 74106 113740269 501(C)(3) 69075 PHILANTHROPIC PASS THROUGH, SCHOOL START-UP, FEDERAL SUB-GRANTS 31 0 KIPPSTER OF THE YEAR (TRAVEL AND TUITION) 11 32678 HARRIET BALL TEACHING IN EXCELLENCE AWARD 10 100000 KIPP SIX AWARD 6 60000 684 FAIR MARKET VALUE PART I, LINE 2: THE FOUNDATION CHOOSES RECIPIENTS OF SCHOLARSHIPS BASED ON REVIEW OF APPLICATIONS AND RECOMMENDATIONS FROM THROUGHOUT THE KIPP FOUNDATION NETWORK. 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 A U.S. DEPARTMENT OF EDUCATION REPRESENTATIVE 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 AND RECORDS 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 X X X 0 0 0 0 0 0 0 0 0 RICHARD BARTH CHIEF EXECUTIVE OFFICER 432198 0 0 0 0 0 10653 0 1396 0 444247 0 0 0 MIKE FEINBERG CO-FOUNDER, DIRECTOR 187582 0 0 0 0 0 7764 0 26115 0 221461 0 0 0 DAVID LEVIN CO-FOUNDER, DIRECTOR 440769 0 0 0 0 0 10400 0 23523 0 474692 0 0 0 TARUN BHATIA CHIEF FINANCIAL OFFICER (THRU 12/15) 206738 0 0 0 0 0 10400 0 23128 0 240266 0 0 0 JONATHAN COWAN RESEARCH, DESIGN & INNOVATION 229249 0 0 0 0 0 8400 0 21997 0 259646 0 0 0 JACK CHOROWSKY CHIEF OPERATING OFFICER 271859 0 0 0 0 0 9562 0 30765 0 312186 0 0 0 KELLY WRIGHT CHIEF PROGRAM OFFICER 236399 0 0 0 0 0 9411 0 8987 0 254797 0 0 0 DAVID WICK CHIEF DEVELOPMENT OFFICER 227805 0 0 0 0 0 8656 0 26670 0 263131 0 0 0 WILLIAM HIGHBAUGH GENERAL COUNSEL 197931 0 7500 0 0 0 8250 0 10960 0 224641 0 0 0 VALERIE FAILLACE CHIEF STRATEGIC OFFICER 197388 0 0 0 3774 0 7883 0 9630 0 218675 0 0 0 MIKE WRIGHT SENIOR RELATIONSHIP MANAGER 187857 0 0 0 0 0 6966 0 23200 0 218023 0 0 0 LINDA BELANS SR DIRECTOR LEADERSHIP COACHING 186143 0 0 0 3406 0 4864 0 18439 0 212852 0 0 0 DORIS & DONALD FISHER FUND DORIS FISHER-TRUSTEE AND JOHN FISHER-ADVISOR OF THE FUND. 266949 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 12 2771633 FAIR MARKET VALUE X SPORTING GOODS 1 90826 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 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 11 MEMBERS OF THE FINANCE TEAM PREPARED THE 2014 990 ORGANIZER TABS, WHICH WERE EITHER REVIEWED BY THE CONTROLLER OR GRANTS CONTROLLER. ALL TABS WERE REVIEWED BY LEGAL COUNSEL. THE ORGANIZER WAS FORWARDED TO HOOD AND STRONG, LLP FOR PREPARATION OF THE FORM 990. UPON PREPARATION OF THE 990 DRAFT, THE COMPLIANCE MANAGER, THE CONTROLLER, THE CFO, AND GENERAL COUNSEL REVIEWED THE FIRST DRAFT. THEN, THE CEO AND PRESIDENT REVIEWED THE SECOND 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 CONTROLLER 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 ENTERED INTO. 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 104,923. MANAGEMENT AND GENERAL EXPENSES 18,103. FUNDRAISING EXPENSES 1,287. TOTAL EXPENSES 124,313. OPERATIONS CONSULTING: PROGRAM SERVICE EXPENSES 5,086,045. MANAGEMENT AND GENERAL EXPENSES 877,527. FUNDRAISING EXPENSES 62,376. TOTAL EXPENSES 6,025,948. CONSULTING TRAVEL EXPENSE: PROGRAM SERVICE EXPENSES 143,158. MANAGEMENT AND GENERAL EXPENSES 24,700. FUNDRAISING EXPENSES 1,756. TOTAL EXPENSES 169,614. TEMPORARY ASSISTANCE: PROGRAM SERVICE EXPENSES 501,123. MANAGEMENT AND GENERAL EXPENSES 86,462. FUNDRAISING EXPENSES 6,146. TOTAL EXPENSES 593,731. INSTRUCTIONAL CONSULTING: PROGRAM SERVICE EXPENSES 1,352,368. MANAGEMENT AND GENERAL EXPENSES 233,332. FUNDRAISING EXPENSES 16,586. TOTAL EXPENSES 1,602,286. INSTRUCTIONAL CONSULTING TRAVEL EXPENSES: PROGRAM SERVICE EXPENSES 269,410. MANAGEMENT AND GENERAL EXPENSES 46,483. FUNDRAISING EXPENSES 3,304. TOTAL EXPENSES 319,197.