2011-05-12T07:45:34-05:00 2010-06-30 LARSONALLEN LLP 18 SENTRY PARK WEST SUITE 300 BLUE BELL PA 194222240 990 2009-07-01 203971209 KIPP New York Inc KIPP 2129912600 625 West 133rd Street New York NY 100277303 JACK CHOROWSKY 2129912600 2011-05-11 1 2156433900 2009 2016-02-24 21:20:13Z David Levin 625 West 133rd Street New York NY 100277303 6391805 0 X www.kippnyc.org X 2005 NY To provide support for KIPP NYC schools and programs. 6 4 57 0 0 0 6219611 4566009 1790794 35866 35002 -1077 -136386 6254400 6255419 3911933 1013804 0 1292625 4877613 0 485860 442540 1427918 5647098 7319335 607302 -1063916 5683588 5175563 798831 1354722 4884757 3820841 To provide support for KIPP NYC schools and programs. 0 0 3883580 1013804 1790794 To provide support to KIPP NYC schools including: financial support; management support services in the areas of human resources, recruitment, finance, operations, fundraising, data analysis, technology and professional development; and direct services and financial support to the alumni of KIPP NYC schools via the KIPP Through College Program. (Through a team of advisors and counselors, KIPP Through College supports 680 alumni attending non-KIPP high schools, two- and four-year colleges, and alternative career education programs, as well as alumni not currently enrolled as full-time students.) 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. 3883580 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 14 0 57 1 0 0 0 0 0 0 0 0 0 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 520 8th Ave Suite 2005 New York NY 10018 Larry Robbins 2.00 X X 0 0 0 David J Levin 40.00 X X 134211 71515 55676 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 Susan Winston 40.00 X X 80336 32083 0 Jack Chorowsky 40.00 X 133350 37384 9050 Quinton Vance 40.00 X 0 146880 41518 Vicki Zubovic 40.00 X 112361 44460 6705 Blanca Ruiz 40.00 X 0 140088 31539 Jerome Myers 40.00 X 0 140750 0 Joseph Negron 40.00 X 0 138869 37304 Francis Corcoran 40.00 X 0 136989 30522 Amber Field 40.00 X 0 131604 5825 460258 1020622 218139 3 0 1 0 0 462759 4103250 4566009 Services Rendered 900099 1790794 1790794 1790794 35002 35002 0 462759 136386 -136386 -136386 6255419 1790794 0 -101384 905000 905000 108804 108804 569504 112593 411911 45000 3448412 1507809 1628124 312479 141442 94726 37373 9343 383035 116586 235879 30570 335220 135078 174668 25474 243299 118299 125000 1775 1775 50133 41545 8588 94351 22559 48521 23271 13707 5658 8049 Academic Programming 321099 320669 430 Professional Developmen 241558 94955 142692 3911 KIPP to College 177342 177342 Contracted Services 159418 68980 87538 2900 Equipment 64197 30135 34062 61039 21067 7060 32912 7319335 3883580 2949895 485860 447689 984797 2626907 2918457 2558825 971530 50167 59205 241574 0 241574 5683588 5175563 57667 564817 741164 789905 798831 1354722 X 3092895 3163739 1791862 657102 4884757 3820841 5683588 5175563 X 0 1 1 X 0 X X X X 0 0 0 KIPP ACADEMY 113550982 LINE 2 1 1 1 565700 KIPP AMP ACADEMY 202536991 LINE 2 1 1 1 115200 KIPP INFINITY 202536890 LINE 2 1 1 1 130500 KIPP STAR COLLEGE PREP 920178305 LINE 2 1 1 1 93600 4 905000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 241574 241574 241574 Funds Held on Behalf of Other Org. 667103 Due to Related Parties 122802 789905 6255419 7319335 -1063916 0 -1063916 6391805 136386 136386 6255419 0 6255419 7455721 136386 136386 7319335 0 7319335 Part X: Description of Uncertain Tax Positions Under FIN 48: 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. Effective July 1, 2009, the Organization adopted 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 2007, 2008, and 2009 are open for federal and state tax examinations. Part XII, Line 2d - Other Adjustments: Direct special event expenses: 136386. Part XIII, Line 2d - Other Adjustments: Direct special event expenses: 136386. X X X X X Casino Night 462759 462759 70205 25000 35900 5281 462759 462759 70205 25000 35900 5281 136386 -136386 1 KIPP ACADEMY CHARTER SCHOOL 250 EAST 156TH STR BRONX NY 10451 113550982 565700 OPERATING GRANT KIPP AMP ACADEMY CHARTER SCHOOL 1224 PARK PLACE BROOKLYN NY 11213 202536991 115200 OPERATING GRANT KIPP INFINITY CHARTER SCHOOL 625 WEST 133RD ST NEW YORK NY 10027 202536890 130500 OPERATING GRANT KIPP STAR COLLEGE PREP CHARTER SCHOOL 433 WET 123RD ST NEW YORK NY 10027 920178305 93600 OPERATING GRANT 4 0 Tuition Assistance 10 55727 Stipends 6 53077 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Grants are awarded to related entities as program operations support. All grants are need-based and monitored on a monthly basis. Tuition assistance and stipends are awarded to alumni of KIPP NYC schools based on need. Tuition payments are sent directly to the school which the alumni attends and enrollment is monitored by staff. Stipends are contingent upon continuous enrollment and a minimum grade point average. X X X 0 0 0 0 0 0 0 0 0 David J Levin 134211 71515 0 0 0 0 0 46717 7395 1564 141606 119796 0 0 Jack Chorowsky 132600 37384 750 0 0 0 0 0 9050 0 142400 37384 0 0 Quinton Vance 0 144380 0 2500 0 0 0 37095 0 4423 0 188398 0 0 Vicki Zubovic 110311 44460 500 0 1550 0 2063 0 3336 1306 117760 45766 0 0 Blanca Ruiz 0 133658 0 4500 0 1930 0 27116 0 4423 0 171627 0 0 Joseph Negron 0 137563 0 0 0 1306 0 32305 0 4999 0 176173 0 0 Francis Corcoran 0 130534 0 4500 0 1955 0 26099 0 4423 0 167511 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 for review 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, 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. 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. The Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon written request. FORM 990, PART XI, LINE 2C AUDIT OVERSIGHT THERE HAVE BEEN NO CHANGES TO THE OVERSIGHT PROCESS SINCE THE PRIOR YEAR. Form 990, PART IV, LINE 34 Explanation - Disregarded Entity On April 1, 2009, KIPP NYC LLC, a disregarded entity of KIPP New York Inc., began providing management, operational and administrative support services under a Shared Services Agreement to KIPP Academy, KIPP STAR College Prep, KIPP AMP, and KIPP Infinity Charter Schools. During the period July 1, 2008 through March 31, 2009, similar services were provided to the four entities by a shared services team employed by KIPP Academy. KIPP NYC LLC 625 West 133rd Street New York NY 10027 264180710 Provides management support services to related entities. NY 3628984 1862145 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 KIPP AMP ACADEMY CHARTER SCHOOL 1224 PARK PLACE BROOKLYN NY 11213 202536991 Charter School NY 501 (c) (3) 2 N/A KIPP INFINITY CHARTER SCHOOL 625 W 133RD STREET NEW YORK NY 10027 202536890 Charter School NY 501 (c) (3) 2 N/A 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 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0