2015-05-13T16:29:34-05:00 2014-06-30 941254756 HOOD & STRONG LLP 100 FIRST STREET 14TH FLOOR SAN FRANCISCO CA 94105 990 2013-07-01 943362724 KIPP FOUNDATION KIPP 4153991556 135 MAIN STREET NO 1700 SAN FRANCISCO CA 94105 RICHARD BARTH CEO 4158747383 2015-05-12 1 MAGA E KISRIEV P01008919 4157810793 2013 2016-02-25 16:41:14Z RICHARD BARTH 135 MAIN STREET NO 1700 SAN FRANCISCO CA 94105 84048384 0 X HTTP://WWW.KIPP.ORG/ X 2000 CA TO CREATE PUBLIC SCHOOLS THAT EQUIP UNDERSERVED STUDENTS WITH SKILLS TO SUCCEED IN COLLEGE & LIFE. 14 9 210 9 0 0 62452414 60389192 5018100 4413332 53433 34883 2442 5317 67526389 64842724 19636966 25072623 0 0 16784276 21209498 0 0 2145695 18311897 21807809 54733139 68089930 12793250 -3247206 66529616 67203205 14992965 18913760 51536651 48289445 X THE MISSION OF THE KIPP FOUNDATION IS TO CREATE A RESPECTED, INFLUENTIAL AND NATIONAL NETWORK OF PUBLIC SCHOOLS THAT ARE SUCCESSFUL IN HELPING STUDENTS FROM EDUCATIONALLY UNDERSERVED COMMUNITIES TO DEVELOP THE KNOWLEDGE, SKILLS, CHARACTER, AND HABITS NEEDED TO SUCCEED IN COLLEGE AND THE COMPETITIVE WORLD BEYOND. 0 0 32008413 25072623 2869317 ON-GOING SCHOOL SUPPORT - THE FOUNDATION PROVIDES ON-GOING ASSISTANCE TO EXISTING KIPP SCHOOLS IN THE AREAS OF PROFESSIONAL DEVELOPMENT, CURRICULUM, INSTRUCTIONAL SUPPORT, SCHOOL OPERATIONS, REAL ESTATE, FUNDRAISING, AND MARKETING. 15015515 1544015 LEADERSHIP DEVELOPMENT - THE KIPP FOUNDATION TRAINS TEACHERS TO BE LEADERS AND TO ESTABLISH NEW KIPP SCHOOLS THROUGH ITS YEAR LONG KIPP SCHOOL LEADERSHIP PROGRAM (KSLP). KSLP HAS TWO TRACKS: THE FISHER FELLOWSHIP AND THE LEADERSHIP PATHWAYS PROGRAM. THE FISHER FELLOWSHIP IS A YEAR-LONG TRAINING FOCUSED ON OPENING AND LEADING A NEW KIPP SCHOOL AND INCLUDES:- A FIVE-WEEK INTENSIVE PROGRAM OF COURSEWORK AT UNIVERSITY OF CHICAGO COVERING INSTRUCTIONAL, ORGANIZATIONAL, AND OPERATIONAL LEADERSHIP RESIDENCIES, TO OBSERVE AND PARTICIPATE IN THE LEADERSHIP AND OPERATION OF HIGH-PERFORMING KIPP SCHOOLS.- SEVERAL TRAINING CONFERENCES ARE HELD THROUGHOUT THE YEAR. THESE CONFERENCES ARE LED BY KIPP STAFF AND PROFESSIONALS OUTSIDE OF THE KIPP FOUNDATION.THE LEADERSHIP PATHWAYS PROGRAM IS A YEAR-LONG TRAINING WITH FOUR DIFFERENT COHORTS FOCUSING ON DEVELOPING STAFF TO TAKE OVER LEADERSHIP ROLES WITHIN THEIR CURRENT KIPP SCHOOL, OR AT ANOTHER EXISTING KIPP SCHOOL. 8423213 RESEARCH & IMPROVEMENT - THE FOUNDATION FOCUSES ON THE INTEGRATION OF DATA DRIVEN DECISION MAKING AT THE KIPP FOUNDATION AND KIPP SCHOOLS AT EVERY LEVEL. THE FOUNDATION IS COMMITTED TO THE IDEA THAT DATA SHOULD DRIVE DECISIONS ABOUT RESOURCE ALLOCATION, PROGRAMMING, INSTRUCTION, OPERATIONS, EXTERNAL MESSAGING, AND GROWTH. SMART DECISIONS TRANSLATE INTO IMPROVED EDUCATIONAL OUTCOMES AND SCHOOL SUSTAINABILITY. 1784259 KIPP THROUGH COLLEGE (KTC) IS A PART OF THE BROADER KIPP APPROACH THAT HELPS TO ELIMINATE THE OPPORTUNITY GAP BETWEEN STUDENTS FROM HIGH- AND LOW-INCOME COMMUNITIES. KTC COUNSELORS AND ADVISORS IN KIPP SCHOOLS ACROSS THE COUNTRY DO WHATEVER IT TAKES TO SUPPORT STUDENTS AS THEY NAVIGATE HIGH SCHOOL, PREPARE FOR COLLEGE ENTRY, AND WORK HARD ON THEIR JOURNEY THROUGH COLLEGE. LOCAL KTC PROGRAMS ARE AUGMENTED BY NATIONAL INITIATIVES AND SERVICES THAT HELP TO PROVIDE ACCESS TO HIGH SCHOOL, COLLEGE, AND CAREER PREPARATION RESOURCES ACROSS THE KIPP NETWORK. 2896400 KIPP TEACHING AND LEARNING LABS CURATES, DESIGNS, AND DELIVERS RESOURCES, TOOLS, AND LEARNING EXPERIENCES TO SUPPORT EXCELLENT TEACHING. THE GOAL OF THE TEACHER AND LEARNING LAB IS TO MAKE SURE THAT ALL KIPP LEADERS AND TEACHERS HAVE THE KNOWLEDGE, SKILLS, TOOLS, AND RESOURCES NECESSARY TO MAXIMIZE COLLEGE READINESS FOR ALL STUDENTS. 4680659 60127800 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 1 1 0 0 0 1 250 0 1 210 1 0 0 0 0 0 0 0 0 0 0 X 14 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA IL NY X X TARUN BHATIA 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 RHONDA KALIFEY-ALUISE 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 JOSE VILLARREAL BOARD MEMBER 1.00 X 0 0 0 MIKE FEINBERG CO-FOUNDER, DIRECTOR 40.00 X 182906 0 32450 DAVID LEVIN CO-FOUNDER, DIRECTOR 40.00 X 428605 0 32884 RICHARD BARTH CHIEF EXECUTIVE OFFICER, D 40.00 X X 414254 0 12203 TARUN BHATIA CHIEF FINANCIAL OFFICER 40.00 X 177572 0 29526 SARAH CAMPBELL CHIEF LEARNING OFFICER 40.00 X 182849 0 23773 JONATHAN COWAN RESEARCH, DESIGN & INNOVAT 40.00 X 224383 0 35712 DAVID WICK CHIEF DEVELOPMENT OFFICER 40.00 X 217011 0 37419 LISA MARGOSIAN CHIEF NETWORK SERVICES OFF 40.00 X 242403 0 9076 KELLY WRIGHT CHIEF PROGRAM OFFICER 40.00 X 219808 0 17965 JACK CHOROWSKY CHIEF OPERATIONS OFFICER 40.00 X 203615 0 31713 2493406 0 262721 53 0 1 0 THE COSMOPOLITAN OF LAS VEGAS 3708 SOUTH LAS VEGAS BOULEVARD LAS VEGAS NV 89109 LODGING & HOSPITALITY 1851036 MARRIOTT BUSINESS SERVICES PO BOX 402602 ATLANTA GA 30384 LODGING & HOSPITALITY 967369 MATHEMATICA POLICY RESEARCH INC PO BOX 2393 PRINCETON NJ 08543 RESEARCH AND DATA COLLECTION SERVICES 931467 ARAMARK 101 AVIENDA DE LAS AMERICAS HOUSTON TX 77010 MEALS 750000 THE UNIV OF CHICAGO RESIDENTIAL SERVIC 1450 E 59TH STREET CHICAGO IL 60637 LODGING & HOSPITALITY 702183 39 21611194 38777998 41858 60389192 LICENSE FEES 900099 2869317 2869317 SERVICE FEES & CONF 900099 1544015 1544015 4413332 35505 35505 19205038 19205111 549 -73 -549 -622 -622 MISCELLANEOUS INCOME 900099 2973 2973 LOAN ORIG/PTL GUARANTY 900099 2344 2344 5317 64842724 4413332 0 40200 24836335 24836335 236288 236288 2963418 1417459 1076173 469786 14716545 11847026 2018855 850664 564528 434687 90324 39517 1716391 1249504 325496 141391 1248616 915789 249573 83254 31227 31227 210917 210917 2866078 2196307 568732 101039 467594 457195 3890 6509 1536218 1245611 234513 56094 335522 298569 26046 10907 1164586 908293 179154 77139 5159058 4749677 274285 135096 4214264 4096621 46633 71010 33 9 23 1 2554491 2554491 807516 543630 200890 62996 62898 48431 10064 4403 FISCAL SPONSORSHIP TOWN 803593 803593 SCHOOL LEADER TRAINING 786332 726150 60182 0 EMPLOYEE RECRUITING COS 510929 260324 232714 17891 OTHER EXPENSES 294053 268084 7971 17998 2500 2500 68089930 60127800 5816435 2145695 36883750 35450810 19711557 19845058 2882219 3399093 1500000 1700000 2634228 6337653 4148684 1822977 2188969 2946729 1921242 782384 63805 66529616 67203205 7535643 11249404 175625 7457322 7488731 14992965 18913760 X 28556183 26139010 22980468 22150435 51536651 48289445 66529616 67203205 -3247206 0 X 0 1 X 1 1 1 X 21260530 45419200 52851211 62452414 59585599 241568954 21260530 45419200 52851211 62452414 59585599 241568954 68948664 172620290 225235 89889 65082 49492 35505 465203 12954 10578 5995 2442 5317 37286 242071443 17993506 0.71310 0.71850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 85664 1 28555 0 114219 0 PART II-B, LINE 1: KIPP FOUNDATION HAS ONE FULL-TIME EMPLOYEE MONITORING FEDERAL POLICIES TO SUPPORT THE EXPANSION AND REPLICATION OF HIGH-QUALITY CHARTER SCHOOLS. 627491 261355 366136 1815045 1170826 644219 3895117 2716503 1178614 2188969 GUARANTEES 29786 GOVERNMENT ADVANCE- KCEP 7179254 E-RATE LIABILITY 181204 GOVERNMENT ADVANCES 98487 7488731 X 66586516 2547385 2547385 64039131 803593 803593 64842724 69833722 2547385 2547385 67286337 803593 803593 68089930 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. WITH FEW EXCEPTIONS, AS OF JUNE 30 2014, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL OR STATE AUTHORITIES FOR TAX YEARS BEFORE 2010 AND 2009, RESPECTIVELY. PART XI, LINE 4B - OTHER ADJUSTMENTS: FISCAL SPONSORSHIP RECORDED AS A LIABILITY ON FINANCIAL STATEMENTS 803,593. PART XII, LINE 4B - OTHER ADJUSTMENTS: FISCAL SPONSORSHIP RECORDED AS A LIABILITY ON FINANCIAL STATEMENTS 803,593. 1 FRIENDS OF TEAM ACADEMY CHARTER SCHOOL INC 60 PARK PLACE SUITE 802 NEWARK NJ 07102 201018667 501(C)(3) 116500 PRINCIPAL PIPELINE & DEVELOPMENT, ADVOCACY GRANTS KIPP ADELANTE PREPARATORY ACADEMY 1475 SIXTH AVE 100 SAN DIEGO CA 92101 481291867 501(C)(3) 45025 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASSTHROUGH KIPP AUSTIN PUBLIC SCHOOLS INC 8509 FM 969 BUILDING 513 AUSTIN TX 78724 010639602 501(C)(3) 1078510 PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL START-UP KIPP BALTIMORE INC 4701 GREENSPRING AVE RM 115 BALTIMORE MD 21209 522342513 501(C)(3) 287043 PRINCIPAL PIPELINE & DEVELOPMENT, ADVOCACY GRANTS KIPP BAY AREA SCHOOLS 1404 FRANKLIN STREET SUITE 500 OAKLAND CA 94612 205010766 501(C)(3) 1126997 PRINCIPAL PIPELINE & DEVELOPMENT, ADVOCACY GRANTS, PHILANTHROPIC PASSTHROUGH, STARTUP GRANTS KIPP COLUMBUS 2750 AGLER ROAD COLUMBUS OH 43224 208627107 501(C)(3) 657421 PRINCIPAL PIPELINE & DEVELOPMENT, ADVOCACY GRANTS, PHILANTHROPIC PASSTHROUGH, SCHOOL START-UP KIPP CHARLOTTE 931 WILANN DRIVE CHARLOTTE NC 28215 205664061 501(C)(3) 35315 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASSTHROUGH KIPP CHICAGO 1945 SOUTH HALSTED STREET 101 CHICAGO IL 60608 300075271 501(C)(3) 1040148 PRINCIPAL PIPELINE & DEVELOPMENT, ADVOCACY GRANTS, PHILANTHROPIC PASSTHROUGH, STARTUP GRANTS KIPP COLORADO SCHOOLS 451 SOUTH TEJON STREET DENVER CO 80223 800037534 501(C)(3) 299353 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASSTHROUGH, STARTUP GRANTS KIPP DALLAS-FORT WORTH 1401 SOUTH LAMAR STREET LOWER LEVEL LEVEL DALLAS TX 75215 820578155 501(C)(3) 437501 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASSTHROUGH, STARTUP GRANTS KIPP DC 1003 K STREET NW SUITE 700 WASHINGTON DC 20001 742974642 501(C)(3) 1865965 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASSTHROUGH, SCHOOL START-UP KIPP DELTA PUBLIC SCHOOLS 415 OHIO STREET HELENA AR 72342 311807400 501(C)(3) 466349 PRINCIPAL PIPELINE & DEVELOPMENT, ADVOCACY GRANTS, PHILANTHROPIC PASSTHROUGH, SCHOOL START-UP KIPP EASTERN NORTH CAROLINA 320 PLEASANT HILL ROAD GASTON NC 64127 742991314 501(C)(3) 728382 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASSTHROUGH, SCHOOL START-UP KIPP HOUSTON PUBLIC SCHOOLS 10711 KIPP WAY HOUSTON TX 27832 133875888 501(C)(3) 1848514 PRINCIPAL PIPELINE & DEVELOPMENT, ADVOCACY GRANTS, PHILANTHROPIC PASSTHROUGH, SCHOOL START-UP KIPP INDIANAPOLIS 1740 EAST 30TH STREET INDIANAPOLIS IN 77099 300145826 501(C)(3) 443441 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASSTHROUGH, SCHOOL START-UP KIPP JACKSONVILLE SCHOOLS 1440 MCDUFF AVENUE NORTH JACKSONVILLE FL 46205 264046741 501(C)(3) 487166 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASSTHROUGH, SCHOOL START-UP KIPP ENDEAVOR ACADEMY 2700 E 18TH ST 155B KANSAS CITY MO 32254 208552002 501(C)(3) 43115 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASSTHROUGH KIPP LA SCHOOLS 3601 E FIRST STREET LOS ANGELES CA 90022 261607268 501(C)(3) 2541067 PRINCIPAL PIPELINE & DEVELOPMENT, ADVOCACY GRANTS, PHILANTHROPIC PASSTHROUGH, SCHOOL START-UP KIPP MASSACHUSETTS 90 HIGH ROCK ST LYNN MA 01902 743153091 501(C)(3) 808799 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASSTHROUGH, SCHOOL START-UP KIPP MEMPHIS COLLEGIATE SCHOOLS 2670 UNION AVENUE EXTENDED 1100 MEMPHIS TN 38112 680502820 501(C)(3) 1665943 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASSTHROUGH, SCHOOL START-UP KIPP METRO ATLANTA 350 TEMPLE STREET NW ATLANTA GA 30314 113723114 501(C)(3) 1299997 PRINCIPAL PIPELINE & DEVELOPMENT, ADVOCACY GRANTS, PHILANTHROPIC PASSTHROUGH, SCHOOL START-UP KIPP MINNESOTA 5034 N OLIVER AVENUE MINNEAPOLIS MN 55403 208877750 501(C)(3) 335780 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASSTHROUGH KIPP NASHVILLE 3410 KNIGHT DRIVE NASHVILLE TN 37207 202799123 501(C)(3) 557721 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASSTHROUGH, SCHOOL START-UP KIPP NEW ORLEANS SCHOOLS 2514 THIRD STREET NEW ORLEANS LA 70113 202277213 501(C)(3) 1061787 PRINCIPAL PIPELINE & DEVELOPMENT, ADVOCACY GRANTS, PHILANTHROPIC PASSTHROUGH, SCHOOL START-UP KIPP NYC 470 7TH AVENUE 10TH FLOOR NEW YORK NY 10018 203971209 501(C)(3) 1255008 PRINCIPAL PIPELINE & DEVELOPMENT, ADVOCACY GRANTS, PHILANTHROPIC PASSTHROUGH, SCHOOL START-UP KIPP PHILADELPHIA SCHOOLS 5900 BALTIMORE AVENUE PHILADELPHIA PA 19132 050546103 501(C)(3) 429923 FEDERAL SUB-GRANTS, ADVOCACY GRANTS, PHILANTHROPIC PASSTHROUGH, STARTUP GRANTS KIPP REACH COLLEGE PREPARATORY 1901 NE 13TH STREET OKLAHOMA CITY OK 73117 300005794 501(C)(3) 97390 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASSTHROUGH KIPP SAN ANTONIO 731 FREDERICKSBURG ROAD SAN ANTONIO TX 78201 412090713 501(C)(3) 1116258 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASSTHROUGH, SCHOOL START-UP KIPP ST LOUIS 2647 OHIO AVENUE ST LOUIS MO 63118 010916759 501(C)(3) 514722 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASSTHROUGH, SCHOOL START-UP KIPP TECH VALLEY 1 DUDLEY HEIGHTS ALBANY NY 12210 201347748 501(C)(3) 101256 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASSTHROUGH, SCHOOL START-UP KIPP TULSA COLLEGE PREPARATORY 1661 EAST VIRGIN STREET TULSA OK 74106 113740269 501(C)(3) 48682 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASSTHROUGH TEAM CHARTER SCHOOLS 60 PARK PLACE SUITE 802 NEWARK NJ 02141 201018667 501(C)(3) 1745257 PRINCIPAL PIPELINE & DEVELOPMENT, PHILANTHROPIC PASSTHROUGH, SCHOOL START-UP THE ONE WORLD NETWORK 1321 E OLYMPIA AVE APT A HOUSTON TX 61801 463104577 501(C)(3) 250000 FISCAL SPONSOR PASSTHROUGH 33 0 KIPPSTER OF THE YEAR (TRAVEL AND TUITION) 13 56288 HARRIET BALL TEACHING IN EXCELLENCE AWARD 11 110000 KIPP SIX AWARD 7 70000 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 MIKE FEINBERG CO-FOUNDER, DIRECTOR 182906 0 0 0 0 0 7649 0 24801 0 215356 0 0 0 DAVID LEVIN CO-FOUNDER, DIRECTOR 428605 0 0 0 0 0 10300 0 22584 0 461489 0 0 0 RICHARD BARTH CHIEF EXECUTIVE OFFICER, D 414254 0 0 0 0 0 10837 0 1366 0 426457 0 0 0 TARUN BHATIA CHIEF FINANCIAL OFFICER 165072 0 12500 0 0 0 6557 0 22969 0 207098 0 0 0 SARAH CAMPBELL CHIEF LEARNING OFFICER 182849 0 0 0 0 0 7190 0 16583 0 206622 0 0 0 JONATHAN COWAN RESEARCH, DESIGN & INNOVAT 221883 0 2500 0 0 0 8808 0 26904 0 260095 0 0 0 DAVID WICK CHIEF DEVELOPMENT OFFICER 214511 0 2500 0 0 0 9124 0 28295 0 254430 0 0 0 LISA MARGOSIAN CHIEF NETWORK SERVICES OFF 239903 0 2500 0 0 0 3041 0 6035 0 251479 0 0 0 KELLY WRIGHT CHIEF PROGRAM OFFICER 217308 0 2500 0 0 0 9272 0 8693 0 237773 0 0 0 JACK CHOROWSKY CHIEF OPERATIONS OFFICER 198615 0 5000 0 0 0 9129 0 22584 0 235328 0 0 0 DORIS & DONALD FISHER FUND DORIS FISHER, DIRECTOR; JOHN FISHER, DIRECTOR 249775 INDEPENDENT CONTRACTOR 0 SCHEDULE L, PART IV DORIS FISHER IS THE MOTHER OF JOHN FISHER. X 10 41858 FAIR MARKET VALUE 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. FORM 990, PART VI, SECTION B, LINE 11 THE TAXPAYER'S ACCOUNTING MANAGER PREPARED THE 2013 990 ORGANIZER WITH THE ASSISTANCE OF THE SENIOR ACCOUNTANTS. 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 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 CONTROLLER AND/OR GENERAL COUNSEL. UPON SATISFACTION OF ANY QUESTIONS, THE FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD. 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. 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 AT WWW.KIPP.ORG AND UPON REQUEST. KCEP MORTGAGE 135 MAIN STREET 1700 SAN FRANCISCO CA 94105 262301999 ACQUIRING OR REFINANCING CONSTRUCTION LOANS FOR OWNED FACILITIES CA 501(C)(3) LINE 11A, TYPE I KIPP FOUNDATION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0