2013-05-15T07:48:03-05:00 2012-06-30 410746749 CLIFTONLARSONALLEN LLP 610 WEST GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2011-07-01 203971209 KIPP NEW YORK INC KIPP 2129912600 470 SEVENTH AVENUE 10TH FLOOR NEW YORK NY 10018 JACK CHOROWSKY 2129912600 2013-05-14 1 STEVE ROSA CPA P00079667 2156433900 2011 2016-02-24 21:20:13Z JACK CHOROWSKY 470 SEVENTH AVENUE 10TH FLOOR NEW YORK NY 10018 13829963 0 X WWW.KIPPNYC.ORG X 2005 NY TO PROVIDE SUPPORT FOR KIPP NYC SCHOOLS AND PROGRAMS. 6 5 364 17 0 0 21976504 9886133 2748693 3616676 6850 21900 -263294 63917 24468753 13588626 3576626 2153602 0 0 5567213 6055122 0 0 535625 1312242 2257050 10456081 10465774 14012672 3122852 21193714 22920122 3360201 1963757 17833513 20956365 TO PROVIDE SUPPORT FOR KIPP NYC SCHOOLS AND PROGRAMS. 0 0 4790497 1788615 3616676 TO PROVIDE SUPPORT TO KIPP NYC SCHOOLS. TO SOLICIT, RAISE, RECEIVE, HOLD, INVEST & EXPEND FUNDS FOR THE ADVANCEMENT AND FURTHERANCE OF SUCH PURPOSES AND TO ENGAGE IN ANY AND ALL LAWFUL ACTIVITIES IN THE FURTHERANCE OF THE FOREGOING PURPOSES. 4790497 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 94 0 1 364 1 0 0 0 0 0 1 1 0 0 0 0 X 6 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X CHARIZMA WILLIAMS 2129912600 470 7TH AVENUE 10TH FLOOR NEW YORK NY 100277303 X LARRY ROBBINS 2.00 X X 0 0 0 RAFAEL MAYER 2.00 X X 0 0 0 THOMAS J TISCH 2.00 X 0 0 0 AMY GRIFFIN 2.00 X 0 0 0 DAVID J LEVIN 1.00 X 220950 0 22239 KINGA LAMPERT 2.00 X 0 0 0 JACK CHOROWSKY 40.00 X 223964 0 23707 VICKI ZUBOVIC 40.00 X 170046 0 23707 AMBER FIELD 40.00 X 139859 0 5661 JANE DOWLING 40.00 X 141425 0 23707 KAYA STONE 40.00 X 133409 0 13988 QUINTON VANCE 1.00 X 108453 80000 45991 DEBON LEWIS 1.00 X 71274 67131 4912 1209380 147131 163912 7 0 1 0 0 869356 107908 8908869 96954 9886133 SERVICES RENDERED 909999 3616676 3616676 3616676 21900 21900 305254 869356 241337 63917 63917 13588626 3616676 0 85817 1788615 1788615 364987 364987 433460 246697 186763 4626334 1388114 3040578 197642 160911 48756 99604 12551 449270 135824 278370 35076 385147 116700 238406 30041 74866 74866 17863 17863 264819 229729 33020 2070 123527 37832 54049 31646 78766 78766 28586 28586 34699 8847 23212 2640 PROFESSIONAL DEVLPMNT 516176 182277 325130 8769 EQUIPMENT AND MAINTENAN 387136 63270 313090 10776 CONTRACTED SERVICES 318729 72252 245327 1150 BUILDING SERVICES 147713 110484 37229 264170 242810 4859 16501 10465774 4790497 5139652 535625 1110261 2541971 7481830 10667642 12417856 8916964 125716 485886 357521 49862 58051 307659 21193714 22920122 111246 329124 518 3248955 1634115 3360201 1963757 X 5348799 11436426 12484714 9519939 17833513 20956365 21193714 22920122 3122852 0 X X 0 1 1 X 0 X X X X 0 1 0 KIPP ACADEMY 113550982 LINE 2 1 1 1 467103 KIPP AMP ACADEMY 202536991 LINE 2 1 1 1 61705 KIPP INFINITY 202536890 LINE 2 1 1 1 513924 KIPP STAR COLLEGE PREP 920178305 LINE 2 1 1 1 745883 4 1788615 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 131090 0 0 0 131090 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: LOCAL AND STATE ADVOCACY ACTIVITIES IN SUPPORT OF EDUCATION POLICIES THAT BENEFIT FAMILIES IN NEW YORK CITY'S UNDERSERVED COMMUNITIES. 170038 170038 87225 87225 100258 49862 50396 307659 DUE TO RELATED PARTIES 1555349 DEFERRED RENT LIABILITY 78766 1634115 13588626 10465774 3122852 3122852 13829963 241337 241337 13588626 0 13588626 10707111 241337 241337 10465774 0 10465774 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE CODE AND APPLICABLE INCOME TAX REGULATIONS OF THE STATE OF NEW YORK. NO PROVISION FOR INCOME TAXES HAS BEEN ESTABLISHED, AS THE ORGANIZATION HAS NO UNRELATED BUSINESS ACTIVITY. BECAUSE THE ORGANIZATION IS THE SOLE MEMBER OF THE LLC, THE LLC WILL BE TREATED AS A DISREGARDED ENTITY FOR TAX PURPOSES AND THEREFORE IT'S ACTIVITIES ARE COMBINED WITH THE ORGANIZATION AND REPORTED AS ONE. THE ORGANIZATION FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF THE UNCERTAIN TAX POSITIONS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE APPLICATION OF THIS STANDARD HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION'S TAX RETURNS FOR THE YEARS 2009, 2010, AND 2011 ARE OPEN FOR FEDERAL AND STATE TAX EXAMINATIONS. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 241,337. PART XIII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 241,337. X X X X X X MILBROOKE #1 & #2 236540 221840 14700 127 13051 2750 8631 CASINO NIGHT 733554 647516 86038 15552 29335 60000 55719 43910 970094 869356 100738 15679 29335 73051 58469 52541 229075 -128337 1 KIPP ACADEMY CHARTER SCHOOL 250 EAST 156TH STREET BRONX NY 10451 113550982 467103 OPERATING GRANT KIPP AMP ACADEMY CHARTER SCHOOL 1224 PARK PLACE BROOKLYN NY 11213 202536991 61705 OPERATING GRANT KIPP INFINITY CHARTER SCHOOL 625 WEST 133RD ST NEW YORK NY 10027 202536890 513924 OPERATING GRANT KIPP STAR COLLEGE PREP CHARTER SCHOOL 433 WEST 123RD STREET NEW YORK NY 10027 920178305 745883 OPERATING GRANT 4 STIPENDS 275 136372 FMV SUPPORT 296 111364 FMV TUITION ASSISTANCE 63 117251 FMV X X 0 0 0 0 0 0 0 0 0 DAVID J LEVIN 220350 0 0 0 600 0 5619 0 16620 0 243189 0 0 0 JACK CHOROWSKY 212779 0 10585 0 600 0 8050 0 15657 0 247671 0 0 0 VICKI ZUBOVIC 161946 0 7500 0 600 0 8050 0 15657 0 193753 0 0 0 JANE DOWLING 132025 0 9000 0 400 0 8050 0 15657 0 165132 0 0 0 QUINTON VANCE 98853 80000 9000 0 600 0 3443 30971 9482 2095 121378 113066 0 0 QUINTON VANCE LOAN TO FUND BACKUP RETIREMENT CONTRIBUTIONS FOR A CHANGE IN PAYROLL AGENT. X 5665 518 0 1 1 518 X 1 96954 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THERE IS A FAMILY RELATIONSHIP BETWEEN DAVID LEVIN (SUPERINTENDENT) AND JACK CHOROWSKY (COO). FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT WILL PROVIDE THE FORM 990 TO THE BOARD OF DIRECTORS BEFORE IT IS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C AS PART OF OUR ANNUAL AUDIT PROCESS, WE REVIEW ALL TRANSACTIONS TO CONFIRM THE ABSENCE OF ANY POTENTIAL CONFLICTS OF INTEREST. IF A CONFLICT OR POTENTIAL CONFLICT IS IDENTIFIED, THE BOARD'S INDEPENDENT DIRECTORS REVIEW THE TRANSACTION IN QUESTION TO DETERMINE ITS PROPRIETY, ITS IMPACT ON THE ORGANIZATION AND THE AVAILABILITY OF, AND NEED FOR, ANY CORRECTIVE MEASURES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S AND THE RELATED ORGANIZATIONS' DETERMINATION OF COMPENSATION FOR THE SUPERINTENDENT, COO, MANAGING DIRECTOR AND PRINCIPAL POSITIONS ARE BASED ON COMPENSATION SURVEYS, RELATED MARKET RESEARCH AND EVALUATION OF PERFORMANCE AND EXPERIENCE. COMPENSATION FOR THE AFOREMENTIONED POSITIONS ARE APPROVED BY THE BOARD OF DIRECTORS OF THE RESPECTIVE ORGANIZATIONS. THE MOST RECENT REVIEW WAS COMPLETED IN 2011. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. IT IS ALSO AVAILABLE AT WWW.GUIDESTAR.COM, A PUBLIC WEBSITE. FORM 990, PART VII, COLUMN B SUPERINTENDENT DAVID LEVIN IS CO-EMPLOYED BY KIPP ACADEMY CHARTER SCHOOL, KIPP AMP ACADEMY CHARTER SCHOOL, KIPP INFINITY CHARTER SCHOOL AND KIPP STAR CHARTER SCHOOL. HIS COMPENSATION IS DISBURSED BY KIPP NEW YORK INC UNDER A PAYROLL ADMINISTRATION AGREEMENT WITH THE SCHOOLS. PURSUANT TO THIS AGREEMENT, THE SUPERINTENDENT'S COMPENSATION COSTS ARE REIMBURSED PRO RATA BY THE SCHOOLS. HIGHLY COMPENSATED EMPLOYEES JANE DOWLING, QUINTON VANCE, DEBON LEWIS, AMBER FIELD, AND KAYA STONE PROVIDE SERVICES TO THE SCHOOLS IN ACCORDANCE WITH THE MANAGEMENT AGREEMENT. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT PROVIDES OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENT AND THE SELECTION OF AN INDEPENDENT AUDITOR. KIPP NYC LLC 470 7TH AVENUE 10TH FLOOR NEW YORK NY 10027 264180710 HOME OF KIPP NYC'S PRIVATELY FUNDED SUPPORT GROUPS NY 4073943 3953719 KIPP NEW YORK INC KIPP ACADEMY CHARTER SCHOOL 250 EAST 156TH STREET BRONX NY 10451 113550982 CHARTER SCHOOL NY 501 (C) (3) 2 N/A 0 KIPP AMP ACADEMY CHARTER SCHOOL 1224 PARK PLACE BROOKLYN NY 11213 202536991 CHARTER SCHOOL NY 501 (C) (3) 2 N/A 0 KIPP INFINITY CHARTER SCHOOL 625 W 133RD STREET NEW YORK NY 10027 202536890 CHARTER SCHOOL NY 501 (C) (3) 2 N/A 0 KIPP STAR COLLEGE PREP CHARTER SCHOOL 433 W 123RD STREET NEW YORK NY 10027 920178305 CHARTER SCHOOL NY 501 (C) (3) 2 N/A 0 0 1 0 0 1 0 0 0 0 0 1 0 1 1 1 1 0 0