2013-05-14T16:32:15-05:00 2012-06-30 621152935 ZOCCOLA KAPLAN PLLC 6800 POPLAR AVENUE SUITE 210 GERMANTOWN TN 38138 990 2011-07-01 680502820 KIPP MEMPHIS KIPP 9014522682 2670 UNION AVENUE EXTENDED NO 1100 MEMPHIS TN 381124430 JAMAL MCCALL 9014522682 2013-05-14 1 MARCUS ROUNTREE P00747095 9015238283 2011 2016-02-24 21:20:13Z JAMAL MCCALL 2670 UNION AVENUE EXTENDED NO 1100 MEMPHIS TN 381124430 7639016 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, AND KIPP ACADEMY MIDDLE SCHOOL, PUBLIC CHARTER SCHOOLS. 11 11 88 25 0 0 2704923 3094018 3125467 4337610 0 0 31754 207388 5862144 7639016 0 0 0 0 3669247 4418232 0 0 0 2017159 2185461 5686406 6603693 175738 1035323 1042791 1845308 1069448 1388641 -26657 456667 TO SPONSOR KIPP COLLEGIATE MIDDLE SCHOOL, KIPP COLLEGIATE HIGH SCHOOL, KIPP COLLEGIATE ELEMENTARY SCHOOL, AND KIPP ACADEMY MIDDLE SCHOOL, CHARTER SCHOOL CURRENTLY IN OPERATION OR DEVELOPMENT SERVING VARIOUS GRADES. 0 0 4193507 4544998 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. 4193507 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 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 0 1 4 0 1 88 1 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X JAMAL MCCALL 9014522682 2670 UNION AVENUE EXTENDED SUITE MEMPHIS TN 381124430 BARBARA HYDE 2.00 X X 0 0 0 CHARLES GERBER 2.00 X X 0 0 0 PETER FORMANEK 2.00 X X 0 0 0 RHOMES AUR 2.00 X 0 0 0 ELLIOT PERRY 2.00 X 0 0 0 MASON HAWKINS 2.00 X 0 0 0 RICHARD SMITH 2.00 X 0 0 0 RONALD MORTON 2.00 X 0 0 0 GREG THOMPSON 2.00 X 0 0 0 TERENCE PATTERSON 2.00 X 0 0 0 CHAVON DAVIS 2.00 X 0 0 0 JAMAL MCCALL 40.00 X 154245 0 13937 MICHELLE LYONS 40.00 X 100423 0 9076 254668 0 23013 2 0 1 0 0 2091679 1002339 3094018 STUDENT RELATED REVENU 611600 4279513 4279513 OTHER AWARDS 611600 58097 58097 4337610 OTHER LOCAL REVENUE 611600 207388 207388 207388 7639016 4544998 0 0 3541505 2050580 1490925 289028 182018 107010 287444 185267 102177 300255 163936 136319 6629 4784 1845 307961 192095 115866 2636 2636 297848 80093 217755 3170 2803 367 359034 314719 44315 64040 567 63473 96771 89964 6807 95927 95927 FOOD, MATERIALS, SUPPLI 676586 630607 45979 TRANSPORTATION - STUDEN 98303 98303 PROFESSIONAL DEVELOPMEN 62038 65 61973 FIELD TRIPS/CLASS OUTIN 54128 54128 60390 47651 12739 6603693 4193507 2410186 0 182260 545656 446917 275047 170791 173724 56985 242868 644241 125820 175252 518421 7653 92525 1042791 1845308 166375 232716 158500 600000 497425 303073 500000 1069448 1388641 X -26657 456667 -26657 456667 1042791 1845308 X 1035323 -551999 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 644241 125820 518421 518421 DEFERRED CHARGES 92525 92525 GRANT ADVANCES 500000 500000 7639016 6603693 1035323 -172285 -379714 -551999 483324 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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. PART XI, LINE 8 - OTHER ADJUSTMENTS: CONSOLIDATING ADJUSTMENTS FOR INTERCOMPANY ACCOUNTS -379,714. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF DOCUMENT RETENTION SCHEDULE E, PART I, LINE 4 SCHOLARSHIPS AND FINANCIAL ASSISTANCE AWARDS INFORMATION IS NOT APPLICABLE BECAUSE THERE IS NO COST TO STUDENTS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE 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 140000 0 14000 0 245 0 0 0 13937 0 168182 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER FOR ACCURACY BEFORE IT IS FILED. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PRIOR PERIOD ADJUSTMENTS: -172,285. CONSOLIDATING ADJUSTMENTS FOR INTERCOMPANY ACCOUNTS -379,714. TOTAL TO FORM 990, PART XI, LINE 5: -551,999.