2014-02-15T17:40:31-06:00 2013-06-30 362938874 OSTROW REISIN BERK & ABRAMS LTD 455 N CITYFRONT PLAZA DRIVE SUITE 1500 CHICAGO IL 606115313 990 2012-07-01 300075271 KIPP CHICAGO KIPP 3127338108 1945 S HALSTED NO 101 CHICAGO IL 60608 BENJAMIN CHERESKIN 3127338108 2014-02-14 1 JAMES G QUAID P00641738 3126707444 2012 2015-11-30 17:44:51Z BENJAMIN CHERESKIN 1945 S HALSTED NO 101 CHICAGO IL 60608 3245142 0 X WWW.KIPPCHICAGO.ORG X 2010 IL THE TEAM AT KIPP CHICAGO IS GUIDED BY A SIMPLE, YET POWERFUL MISSION: TO CREATE A NETWORK OF EXCELLENT SCHOOLS IN CHICAGO THAT TEACH OUR STUDENTS THE CHARACTER AND ACADEMIC SKILLS NECESSARY TO SUCCEED IN COLLEGE AND BEYOND, AND TO INSTILL IN THEM A DESIRE TO HELP CHANGE THE WORLD. X 8 7 14 27 0 0 1870771 2656133 249641 511924 0 0 22804 -46112 2143216 3121945 829017 939474 0 0 850850 1124410 0 0 108172 233732 591524 1913599 2655408 229617 466537 771618 0 474379 0 297239 0 X THE TEAM AT KIPP CHICAGO IS GUIDED BY A SIMPLE, YET POWERFUL MISSION: TO CREATE A NETWORK OF EXCELLENT SCHOOLS IN CHICAGO THAT TEACH OUR STUDENTS THE CHARACTER AND ACADEMIC SKILLS NECESSARY TO SUCCEED IN COLLEGE AND BEYOND, AND TO INSTILL IN THEM A DESIRE TO HELP CHANGE THE WORLD. 0 1 1526694 939474 511924 IN 2012, KIPP CHICAGO CONSISTED OF THREE SCHOOLS: KIPP ASCEND MIDDLE, KIPP ASCEND PRIMARY, AND KIPP CREATE COLLEGE PREP. TOGETHER, THEY SERVED OVER 700 STUDENTS IN GRADES K 2 AND 5 8. KIPP CHICAGO ALSO SUPPORTED OVER 350 KIPP CHICAGO ALUMNI CURRENTLY IN HIGH SCHOOL OR COLLEGE THROUGH THE KIPP THROUGH COLLEGE PROGRAM. THE MAJORITY OF STUDENTS COME FROM THE AUSTIN, GARFIELD PARK, AND NORTH LAWNDALE NEIGHBORHOODS ON CHICAGO'S WEST SIDE. ONE HUNDRED PERCENT OF KIPP CHICAGO'S STUDENTS ARE AFRICAN-AMERICAN OR LATINO, MOST OF WHOM WILL BE FIRST-GENERATION COLLEGE GRADUATES, AND MORE THAN 90% LIVE BELOW THE POVERTY LINE. KIPP CHICAGO IS PART OF THE NATIONALLY RECOGNIZED KNOWLEDGE IS POWER PROGRAM (KIPP), WHICH OPERATES 125 SCHOOLS IN 20 STATES AND THE DISTRICT OF COLUMBIA AND SERVES OVER 41,000 STUDENTS. 1526694 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 1 4 0 14 1 0 0 0 0 0 1 1 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X NICOLE BOARDMAN 3127338108 1945 S HALSTED 101 CHICAGO IL 60608 BENJAMIN CHERESKIN 10.00 10.00 X X 0 0 0 APRIL GOBLE 40.00 2.00 X X 129963 0 7903 JILL KIDD 2.00 3.00 X X 0 0 0 ELLEN ALTER 2.00 2.00 X 0 0 0 MIKE FEINBERG 2.00 2.00 X 0 0 0 DEBORAH QUAZZO 2.00 2.00 X 0 0 0 GEORGE WRIGHT 2.00 2.00 X 0 0 0 DON WEISS 2.00 2.00 X 0 0 0 NICOLE BOARDMAN 40.00 2.00 X 95801 0 6371 225764 0 14274 1 0 0 0 0 321813 680113 1654207 2656133 SERVICE FEES 900099 351924 351924 MANAGEMENT FEES 900099 160000 160000 511924 52170 321813 123197 -71027 -71027 MISCELLANEOUS INCOME 900099 24915 24915 24915 3121945 511924 0 -46112 939474 939474 258390 98188 142115 18087 735965 279667 404780 51518 35653 13548 19609 2496 36018 13687 19810 2521 58384 22186 32111 4087 95500 95500 57586 57586 12557 12557 287990 107545 160634 19811 30532 11602 16793 2137 1562 594 859 109 17483 6644 9615 1224 15421 5860 8482 1079 STAFF DEVELOPMENT 64956 24683 35726 4547 MISCELLANEOUS 7937 3016 4365 556 2655408 1526694 1020542 108172 295251 451019 14117 0 11231 771618 0 346879 2500 125000 474379 0 X -69782 0 367021 0 0 297239 0 771618 0 X 466537 -763776 X 0 1 X 1 0 X 503658 1870771 2656133 5030562 503658 1870771 2656133 5030562 509016 4521546 35850 24915 60765 5091327 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED KIPP TALK 347100 306180 40920 52403 60286 AB SILENT AUCTION 26883 15633 11250 10224 284 373983 321813 52170 62627 60570 123197 -71027 1 KIPP ASCEND CHARTER SCHOOL 1945 SOUTH HALSTED STREET SUITE 101 CHICAGO IL 60608 300135927 501(C)(3) 356310 TO SUPPORT LOCAL EDUCATIONAL INSTITUTIONS. THE ACADEMY OF COMMUNICATIONS AND TECHNOLOGY CHARTER SCHOOL INC 1945 SOUTH HALSTED STREET SUITE 101 CHICAGO IL 60608 364152409 501(C)(3) 583164 TO SUPPORT LOCAL EDUCATIONAL INSTITUTIONS. 2 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: KIPP CHICAGO RECEIVES FUNDING ON BEHALF OF RELATED KIPP SCHOOLS AND PASSES THROUGH ALL GRANTS ACCORDING TO DONOR STIPULATIONS. ALL NET ASSETS 2013-06-30 763776 BOOK VALUE 300135927 KIPP CHICAGO SCHOOLS 1945 S HALSTED SUITE 101 CHICAGO IL 60608 501(C)(3) 1 1 0 0 1 0 0 0 0 PART I, LINE 2E: ALL EMPLOYEESALL BOARD OF DIRECTORS PART I, LINE 2E: KIPP CHICAGO'S OPERATIONS WERE ACQUIRED BY KIPP CHICAGO SCHOOLS AS OF JUNE 30, 2013. THEREFORE, ALL EMPLOYEES AND BOARD OF DIRECTORS ARE NOW PART OF KIPP CHICAGO SCHOOLS. PART I, LINE 5:NET ASSETS WERE ACQUIRED BY KIPP CHICAGO SCHOOLS. CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 DURING THE YEAR ENDED JUNE 30, 2013, KIPP CHICAGO AND KIPP CHICAGO SCHOOLS APPROVED A REORGANIZATION PLAN TO CONSOLIDATE ALL EDUCATIONAL AND MANAGEMENT OPERATIONS INTO ONE ENTITY. EFFECTIVE JUNE 30, 2013, KIPP CHICAGO SCHOOLS ACQUIRED SUBSTANTIALLY ALL ASSETS AND RIGHTS AND ASSUMED ALL LIABILITIES AND OBLIGATIONS OF KIPP CHICAGO FOR NO CONSIDERATION. FORM 990, PART VI, SECTION B, LINE 11 AFTER FORM 990 IS PREPARED WITH THE ASSISTANCE OF THE SCHOOL'S CPA FIRM, IT IS REVIEWED AND EDITED BY MANAGEMENT. THEN, A PDF DRAFT OF FORM 990 IS E-MAILED TO BOARD MEMBERS IN ADVANCE, DISCUSSED, AND APPROVED FOR FINALIZATION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY TO WHICH ALL DIRECTORS, OFFICERS AND STAFF ARE SUBJECT. PURSUANT TO POLICY, ALL COVERED PERSONS ARE REQUIRED TO ANNUALLY DISCLOSE ANY INTERESTS, RELATIONSHIPS, AND HOLDINGS THAT COULD POTENTIALLY RESULT IN A CONFLICT OF INTEREST AS A RESULT OF THE COVERED PERSON'S EMPLOYMENT BY KIPP CHICAGO OR AS A MEMBER OF ITS BOARD OF DIRECTORS. ALL SUCH PERSONS ALSO AGREE THAT, IN THE COURSE OF MEETINGS OR ACTIVITIES, HE OR SHE WILL DISCLOSE ANY INTERESTS IN A TRANSACTION OR DECISION WHERE HE OR SHE (INCLUDING BUSINESS OR OTHER NONPROFIT AFFILIATIONS), HIS OR HER FAMILY AND/OR HIS OR HER SIGNIFICANT OTHER, EMPLOYER, OR CLOSE ASSOCIATES OR FRIENDS WILL RECEIVE A BENEFIT OR GAIN. ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST FOR STAFF (OTHER THAN OFFICERS) WOULD BE DETERMINED BY THE EXECUTIVE DIRECTOR AND REVIEWED BY THE GOVERNANCE COMMITTEE. ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST FOR DIRECTORS AND OFFICERS WOULD BE DETERMINED BY THE CHAIR AND REVIEWED BY THE FULL BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE. IF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST IS DISCLOSED, THE COVERED PERSON WOULD BE ASKED TO LEAVE THE ROOM FOR THE DISCUSSION AND WILL NOT BE PERMITTED TO VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 DURING THE ANNUAL BUDGET PROCESS, THE FINANCE COMMITTEE REVIEWS COMPARABLE SALARY DATA AND MAKE SALARY DETERMINATIONS ACCORDINGLY. ALL SALARIES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION FURNISHES THIS INFORMATION UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: ASSETS AND LIABILITIES ACQUIRED BY KIPP CHICAGO SCHOOLS -763,776. KIPP CHICAGO SCHOOLS 1945 S HALSTED STREET SUITE 101 CHICAGO IL 60608 300135927 SCHOOLS IL 501(C)(3) LINE 2 KIPP CHICAGO 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 KIPP CHICAGO SCHOOLS B 356310 FMV KIPP CHICAGO SCHOOLS L 313152 FMV KIPP CHICAGO SCHOOLS Q 160000 FMV