2015-02-13T15:07:26-06:00 2014-06-30 621152935 ZOCCOLA KAPLAN PLLC 6800 POPLAR AVENUE SUITE 210 GERMANTOWN TN 38138 990 2013-07-01 680502820 KIPP MEMPHIS KIPP 9014522682 2670 UNION AVENUE EXTENDED NO 1100 MEMPHIS TN 381124430 JAMAL MCCALL CHIEF EXECUTIVE OFFICER 9014522682 2015-02-13 1 MARCUS ROUNTREE P00747095 9015238283 2013 2016-02-25 16:41:14Z JAMAL MCCALL 2670 UNION AVENUE EXTENDED NO 1100 MEMPHIS TN 381124430 20014643 0 X WWW.KIPPMEMPHIS.ORG X 2008 TN KIPP MEMPHIS IS THE OPERATING ENTITY OF KIPP COLLEGIATE MIDDLE SCHOOL, KIPP COLLEGIATE HIGH SCHOOL, KIPP COLLEGIATE ELEMENTARY SCHOOL, KIPP ACADEMY MIDDLE SCHOOL, KIPP ACADEMY ELEMENTARY SCHOOL, AND KIPP PREPARATORY MIDDLE SCHOOL, PUBLIC CHARTER SCHOOLS. 8 8 219 25 0 0 5162012 9510464 7836478 10402886 0 0 42692 101293 13041182 20014643 0 0 0 0 6917650 10243955 0 0 0 4396244 6604559 11313894 16848514 1727288 3166129 4400493 7558707 1836904 1828565 2563589 5730142 TO SPONSOR KIPP COLLEGIATE MIDDLE SCHOOL, KIPP COLLEGIATE HIGH SCHOOL, KIPP COLLEGIATE ELEMENTARY SCHOOL, KIPP ACADEMY MIDDLE SCHOOL, KIPP ACADEMY ELEMENTARY SCHOOL, AND KIPP PREPARATORY MIDDLE SCHOOL, AND OTHER CHARTER SCHOOLS CURRENTLY IN DEVELOPMENT SERVING VARIOUS GRADES. 0 0 11870521 10504179 CHARTER SCHOOL OPERATION - TO ADDRESS THE MOST PRESSING NEEDS OF INNER-CITY YOUTH THROUGH PROVIDING STRONG LINKAGES TO EDUCATION, EMPLOYMENT, LEADERSHIP DEVELOPMENT, ARTISTIC EXPRESSION AND FINANCIAL RESPONSIBILITY. 11870521 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 219 1 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 TN X JAMAL MCCALL 9014522682 2670 UNION AVENUE EXTENDED SUITE MEMPHIS TN 381124430 TERENCE PATTERSON PRESIDENT 2.00 X X 0 0 0 CHARLES GERBER SECRETARY 2.00 X X 0 0 0 PETER FORMANEK TREASURER 2.00 X X 0 0 0 RHOMES AUR MEMBER 2.00 X 0 0 0 JIM BOYD MEMBER 2.00 X 0 0 0 BARBARA HYDE MEMBER 2.00 X 0 0 0 ELLIOT PERRY MEMBER 2.00 X 0 0 0 GREG THOMPSON MEMBER 2.00 X 0 0 0 JAMAL MCCALL EXECUTIVE DIRECTOR 40.00 X 165625 0 26780 ANNE ERICKSON CHIEF ACADEMIC OFFICER 40.00 X 103088 0 14422 ANN FITE CHIEF FINANCIAL OFFICER 40.00 X 115225 0 21350 383938 0 62552 3 0 1 0 UDIG JOOKIN ACADEMY 1008 MCEVERS CIRCLE MEMPHIS TN 38114 DANCE INSTRUCTION FOR SCHOOLS 114113 113 GROUP 12722 MAGNOLIA LEAF ST HOUSTON TX 77065 COACHING FOR SCHOOL LEADERS 105000 2 4161281 5349183 9510464 STUDENT RELATED REVENUE 611600 9216381 9216381 OTHER AWARDS 611600 1186505 1186505 10402886 OTHER LOCAL REVENUE 611600 101293 101293 101293 20014643 10504179 0 0 8156630 4974496 3182134 705296 444594 260702 765343 490556 274787 616686 373268 243418 26290 26290 32105 32105 410110 389561 20549 9206 9206 482328 221294 261034 102976 87681 15295 2030087 1787866 242221 179162 86678 92484 16250 16250 560532 505153 55379 115923 104152 11771 FOOD, MATERIALS, SUPPLI 1626344 1562916 63428 PROFESSIONAL DEVELOPMEN 353716 304171 49545 TRANSPORTATION - STUDEN 277323 277323 FIELD TRIPS/CLASS OUTIN 113251 113251 268956 138355 130601 16848514 11870521 4977993 0 570971 3354010 798950 1045976 506075 161760 1063823 1306101 2638524 947664 1383468 1690860 77206 0 4400493 7558707 557704 1062807 400000 0 879200 765758 1836904 1828565 X 2563589 5730142 2563589 5730142 4400493 7558707 X 3166129 424 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2279027 841369 1437658 359497 106295 253202 1690860 GRANT ADVANCES 500000 PREPAID REVENUE 265758 765758 X 20014643 0 20014643 0 20014643 16848514 0 16848514 0 16848514 PART X, LINE 2: THE 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, 2011, THE FOLLOWING TAX YEARS REMAIN OPEN DUE TO THE APPLICABLE TAX AUTHORITY'S ABILITY TO REVIEW AND ASSESS PREVIOUSLY ISSUED RETURNS: FEDERAL - JUNE 30, 2008, 2009, 2010 AND 2011. 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, 2011. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 4 SCHOLARSHIPS AND FINANCIAL ASSISTANCE AWARDS INFORMATION IS NOT APPLICABLE BECAUSE THERE IS NO COST TO STUDENTS. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES GRANTS FROM THE US DEPARTMENT OF EDUCATION, TENNESSEE DEPARTMENT OF EDUCATION, AND MEMPHIS CITY SCHOOLS. X X X 0 0 0 0 0 0 0 0 0 JAMAL MCCALL EXECUTIVE DIRECTOR 155625 0 10000 0 0 0 0 0 26780 0 192405 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 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 12C THE 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 15 THE PROCESS FOR DETERMINING THE COMPENSATION OF ALL KEY EMPLOYEES INCLUDES A REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CONSOLIDATING ADJUSTMENTS FOR INTERCOMPANY ACCOUNTS 424.