2012-05-15T10:09:57-05:00 2011-06-30 CLIFTONLARSONALLEN LLP 610 WGERMANTOWN PIKESTE 400 PLYMOUTH MTG PA 19462 990 2010-07-01 203971209 KIPP NEW YORK INC KIPP 2129912600 470 SEVENTH AVENUE 10TH FLOOR NEW YORK NY 10018 JACK CHOROWSKY 2129912600 2012-05-11 1 STEVE ROSACPA 2156433900 2010 2016-02-24 21:20:13Z X JACK CHOROWSKY 470 SEVENTH AVENUE 10TH FLOOR NEW YORK NY 10018 24745547 0 X WWW.KIPPNYC.ORG X 2005 NY TO PROVIDE SUPPORT FOR KIPP NYC SCHOOLS AND PROGRAMS. 6 4 92 15 0 0 4566009 21976504 1790794 2748693 35002 6850 -136386 -263294 6255419 24468753 1013804 3576626 0 0 4877613 5567213 0 0 438582 1427918 1312242 7319335 10456081 -1063916 14012672 5175563 21193714 1354722 3360201 3820841 17833513 TO PROVIDE SUPPORT FOR KIPP NYC SCHOOLS AND PROGRAMS. 0 0 5875808 2748693 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. 5875808 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 32 0 1 92 1 0 0 0 0 0 0 0 0 0 0 X 6 4 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 DAVID B MASSEY 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 224304 0 31530 JACK CHOROWSKY 40.00 X 200627 0 35095 VICKI ZUBOVIC 40.00 X 169044 0 19962 ORPHEUS WILLIAMS 1.00 X 61917 69640 600 AMBER FIELD 40.00 X 64306 64546 200 PETER CRONCOTA 40.00 X 103921 0 19945 JANE DOWLING 40.00 X 137693 0 17758 KAYA STONE 40.00 X 123504 0 17434 1085316 134186 142524 6 0 1 0 0 1406115 57917 20512472 40029 21976504 SERVICES RENDERED 909999 2748693 2748693 2748693 6850 6850 13500 1406115 276794 -263294 -263294 24468753 2748693 0 -256444 3108522 3108522 468104 468104 830618 157501 437126 235991 3828278 1240018 2449813 138447 139161 59863 78799 499 380620 152828 210630 17162 388536 144131 221031 23374 97276 96332 944 13730 13730 88103 88103 238699 53740 171051 13908 21276 21276 45479 13805 31674 PROFESSIONAL DEVLPMNT 326792 92131 231276 3385 CONTRACTED SERVICES 191167 15687 169704 5776 EQUIPMENT 149392 71611 77781 BANK FEES 47109 34423 12686 ALUMNI PROGRAMMING 40343 39628 715 52876 25651 27185 40 10456081 5875808 4141691 438582 984797 1110261 2918457 7481830 971530 12417856 59205 125716 79327 21276 241574 58051 5175563 21193714 564817 111246 789905 3248955 1354722 3360201 X 3163739 5348799 657102 12484714 3820841 17833513 5175563 21193714 14012672 0 X X 0 1 1 X 0 X X X X 0 0 0 KIPP ACADEMY 113550982 LINE 2 1 1 1 912554 KIPP AMP ACADEMY 202536991 LINE 2 1 1 1 451331 KIPP INFINITY 202536890 LINE 2 1 1 1 1235762 KIPP STAR COLLEGE PREP 920178305 LINE 2 1 1 1 508875 4 3108522 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 79327 21276 58051 58051 FUNDS HELD ON BEHALF OF OTHER ORGANIZATIONS 175950 DUE TO RELATED PARTIES 3073005 3248955 24468753 10456081 14012672 0 14012672 26885547 1500000 916794 2416794 24468753 0 24468753 12872875 1500000 916794 2416794 10456081 0 10456081 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 FOLLOWES 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 TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE ADOPTION OF THIS STANDARD HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION'S TAX RETURNS FOR THE YEARS 2008, 2008, AND 2010 ARE OPEN FOR FEDERAL AND STATE TAX EXAMINATIONS. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 276,794. OFFSET LLC GRANT TO INC 640,000. PART XIII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 276,794. OFFSET LLC GRANT TO INC 640,000. X X X X X 0 WAITING FOR SUPERMAN 97122 83622 13500 27820 2730 4615 4080 CASINO NIGHT 1322493 1322493 9460 5784 18200 96891 8000 1419615 1406115 13500 9460 33604 20930 101506 12080 177580 -164080 1 KIPP ACADEMY CHARTER SCHOOL 250 EAST 156TH STREET BRONX NY 10451 113550982 912554 OPERATING GRANT KIPP AMP ACADEMY CHARTER SCHOOL 1224 PARK PLACE BROOKLYN NY 11213 202536991 451331 OPERATING GRANT KIPP INFINITY CHARTER SCHOOL 625 WEST 133RD ST NEW YORK NY 10027 202536890 1235762 OPERATING GRANT KIPP STAR COLLEGE PREP CHARTER SCHOOL 433 WEST 123RD STREET NEW YORK NY 10027 920178305 508875 OPERATING GRANT 4 APPLICATION ASSISTANCE 17 1110 FMV BOOKS & SUPPLIES 40 2107 FMV STIPENDS 340 317482 FMV TUITION ASSISTANCE 53 147405 FMV X X 0 0 0 0 0 0 0 0 0 DAVID J LEVIN 224304 0 0 0 0 0 13929 0 17601 0 255834 0 0 0 JACK CHOROWSKY 200127 0 0 0 500 0 15900 0 19195 0 235722 0 0 0 VICKI ZUBOVIC 158644 0 10000 0 400 0 14438 0 5524 0 189006 0 0 0 JANE DOWLING 129593 0 7500 0 600 0 1036 0 16722 0 155451 0 0 0 X 40029 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, EXECUTIVE 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 2010. 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 ORPHEUS WILLIAMS, AMBER WILLIAMS, PETER CRONCOTA 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 1177267 2399440 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 0 0 0 0 0 0 1 0 1 1 1 1 0 0