2026-05-13T16:36:24-05:00 2025-06-30 941254756 HOOD & STRONG LLP 2580 N 1ST ST STE 460 SAN JOSE CA 95131 990 2024-07-01 943362724 KIPP FOUNDATION KIPP 4153991556 1875 MISSION STREET SUITE 103 130 SAN FRANCISCO CA 94103 LEANNE HERNANDEZ CFO 4153991556 2026-05-07 1 1 MAGA E KISRIEV P01008919 4089988400 2024 2025-03-06 01:10:19Z SHAVAR JEFFRIES 1875 MISSION STREET SUITE 103 130 SAN FRANCISCO CA 94103 184239643 0 X WWW.KIPP.ORG X 2000 CA TO CREATE PUBLIC SCHOOLS THAT EQUIP EDUCATIONALLY UNDERSERVED STUDENTS WITH SKILLS TO SUCCEED. 14 12 262 13 0 0 101032248 134592524 7751068 8198231 2657244 2652720 -26667 70690 111413893 145514165 36999057 41856580 0 0 35184983 42123462 0 0 1902647 17646149 23271493 89830189 107251535 21583704 38262630 140977184 181579072 27686771 28296497 113290413 153282575 X TOGETHER WITH FAMILIES AND COMMUNITIES, WE CREATE JOYFUL, ACADEMICALLY EXCELLENT SCHOOLS THAT PREPARE STUDENTS WITH THE SKILLS AND CONFIDENCE TO SUCCEED IN COLLEGE AND BEYOND - SO THEY CAN LEAD FULFILLING LIVES AND BUILD A MORE JUST WORLD. 0 0 82903163 24611402 2195555 ONE KIPP:THE FOUNDATION PARTNERS WITH KIPP SCHOOLS & REGIONS TO DELIVER JOYFUL, ACADEMICALLY EXCELLENT EDUCATION BY BUILDING SYSTEMS THAT PROMOTE EQUITY, ESTABLISH HEALTHY SCHOOL CULTURE, AND SUPPORT TEACHERS IN EXPANDING CONTENT KNOWLEDGE AND CULTURALLY RESPONSIVE PEDAGOGY.THE FOUNDATION PROVIDES KIPP SCHOOLS & REGIONS WITH:- CURRICULUM, ASSESSMENT, AND INSTRUCTIONAL RESOURCES WITH IMPLEMENTATION SUPPORT;- REGIONAL SUPERINTENDENT COACHING AND SUPPORT;- PROFESSIONAL DEVELOPMENT, TRAINING, AND SHARED TOOLS FOR EXECUTIVE DIRECTORS AND SCHOOL LEADERS;- STRENGTHENED COLLEGE COUNSELING AND ALUMNI ADVISING TO PREPARE GRADUATES FOR THEIR CHOSEN EDUCATIONAL AND CAREER PATHS;- NATIONAL INITIATIVES SUPPORTING LOCAL KIPP FORWARD PROGRAMS, INCLUDING: - ALUMNI SUPPORT ON COLLEGE CAMPUSES;- CAREER EXPOSURE AND EXPLORATION OPPORTUNITIES;- COLLEGE PARTNERSHIPS. 17050736 16630651 6002676 NETWORK GROWTH AND SUSTAINABILITY:THE FOUNDATION STRENGTHENS REGIONAL CAPABILITIES AND DRIVES MISSION DELIVERY BY PARTNERING WITH EXECUTIVE DIRECTORS AND SENIOR LEADERS TO SUPPORT GROWTH, SCALE, AND STRATEGIC PLANNING ALIGNED WITH PUBLIC POLICY GOALS.THE FOUNDATION PROVIDES KIPP SCHOOLS & REGIONS WITH:- FINANCIAL AND OPERATIONAL SUPPORT; - INTEGRATION AND SCALING ASSISTANCE; - STRATEGIC LEADERSHIP FOR NEW SITES;- BRAND PROTECTION AND NARRATIVE ADVANCEMENT TO EXPAND STAKEHOLDER ENGAGEMENT;- NATIONAL AND LOCAL POLICY ADVOCACY THROUGH AUTHENTIC STAKEHOLDER RELATIONSHIPS;- ALUMNI NETWORKING AND CONNECTION SERVICES; AND- CAPACITY BUILDING TO LEVERAGE NATIONAL SCALE FOR COORDINATED COMMUNICATION AND ADVOCACY. 3126884 614527 0 NETWORK INFRASTRUCTURE:THE FOUNDATION SUPPORTS CONTINUOUS LEARNING AND IMPROVEMENT AMONG KIPP SCHOOLS & REGIONS BY:- CREATING ONGOING VISIBILITY INTO NETWORK-WIDE PERFORMANCE AND GENERATING ACTIONABLE INSIGHTS;- DELIVERING HIGH-QUALITY DATA AND RESEARCH TO ENABLE NETWORK LEADERS TO MAKE DATA-DRIVEN DECISIONS;- PROMOTING INNOVATION AND FACILITATING IDEA EXCHANGE THROUGH NETWORK-WIDE RETREATS AND PROFESSIONAL DEVELOPMENT EVENTS; AND - PROVIDING DIRECT LEGAL AND TECHNOLOGY SUPPORT. 103080783 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 524 0 1 262 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 12 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN VA WA WV WI X X LEANNE HERNANDEZ 5124348627 1501 BROADWAY SUITE 1000 NEW YORK NY 100365601 JOHN FISHER BOARD MEMBER 1.00 X 0 0 0 KATHERINE BRADLEY CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 REED HASTINGS BOARD MEMBER 1.00 X 0 0 0 EMMA BLOOMBERG BOARD MEMBER 1.00 X 0 0 0 MARTHA KARSH BOARD MEMBER 1.00 X 0 0 0 MICHAEL LOMAX BOARD MEMBER 1.00 X 0 0 0 MARK NUNNELLY BOARD MEMBER 1.00 X 0 0 0 CARRIE WALTON PENNER BOARD MEMBER 1.00 X 0 0 0 ABIGAIL WEXNER BOARD MEMBER 1.00 X 0 0 0 MARIA ANGUIANO BOARD MEMBER 1.00 X 0 0 0 MARSHA REEVES BOARD MEMBER 1.00 X 0 0 0 ROSALIND BREWER BOARD MEMBER 1.00 X 0 0 0 SHAVAR JEFFRIES CEO AND BOARD MEMBER 40.00 X X 863946 0 53975 DAVE LEVIN STRATEGIC ADVISOR & BOARD MEMBER 40.00 X 269820 0 43175 A'DORIAN MURRAY-THOMAS BOARD MEMBER (THRU MAY 2025) 1.00 X 0 0 0 LEANNE HERNANDEZ CFO/TREASURER 40.00 X 333754 0 39710 AISHA CHRISTIAN CHIEF LEGAL OFFICER/SECRETARY 40.00 X 392076 0 45861 KINNARI PATEL-SMYTH PRESIDENT 40.00 X 424631 0 53975 MICHAEL AMBRIZ CHIEF OPERATING OFF (PARTIAL YEAR) 40.00 X 332667 0 20130 JAMES MANLY CHIEF SCHOOLS OFFICER 40.00 X 424068 0 53975 BENJAMIN COPE CHIEF DEVELOPMENT OFFICER 40.00 X 362536 0 32033 SHAKIRA PETIT CHIEF OF STAFF TO THE CEO 40.00 X 320193 0 36123 JONATHAN COWAN CHIEF DATA/TECH OFF (PARTIAL YEAR) 40.00 X 299917 0 32138 JOHN ALFORD CHIEF NETWORK GROWTH OFFICER 40.00 X 278955 0 51404 4302563 0 462499 144 0 1 0 XMEDIA GROUP LLC 203 OAKHURST PL SAN ANTONIO TX 78209 REGIONAL MARKETING 6072194 ARRAY EDUCATION 25 BROADWAY 3RD FLOOR NEW YORK NY 10004 LITERACY INSTRUCTION SERVICES 1848000 SODEXO LIVE 1 INDEPENDENCE POINT STE 305 GREENVILLE SC 29615 CONFERENCE SERVICES 1327401 MET GROUP INC 2417 ROSE MILL CT SW ATLANTA GA 30311 CONFERENCE SERVICES 1000118 INSTRUCTION PARTNERS 604 GALLATIN AVE STE 202 NASHVILLE TN 37206 MATH INSTRUCTION SERVICES 462500 34 11579009 123013515 22182 134592524 LICENSE FEES 900099 6002676 6002676 NETWORK SUPPORT SERVIC 900099 2195555 2195555 8198231 1705235 1705235 105792 89479 16313 16313 16313 39583484 38635999 947485 947485 947485 MISCELLANEOUS INCOME 900099 57475 57475 LOSS ON ASSET DISPOSAL 900099 -3098 -3098 54377 145514165 8198231 0 2723410 39987265 39987265 1869315 1869315 2843575 2580284 263291 30559906 29406022 140828 1013056 1245055 1023190 221865 5055630 4807865 247765 2419296 1932035 487261 270694 270694 260002 260002 111123 111123 7603511 7051694 100412 451405 951096 927040 4003 20053 166952 155585 6322 5045 2289236 2127409 128788 33039 667296 615120 15509 36667 3264507 3174441 45908 44158 4886587 4871175 10213 5199 427174 340648 64005 22521 449646 335172 92316 22158 LOAN FORGIVENESS 1401261 1117440 282240 1581 DATA ACQUISITION 303107 303107 EMPLOYEE RECRUITING COS 219301 185282 34019 107251535 103080783 2268105 1902647 22305520 49722292 51548677 64455788 7482054 6967107 4645000 3110000 1112745 1157050 7863067 7209877 1071585 653190 49249351 52513442 3562252 3000203 140977184 181579072 15776154 16691818 11910617 11604679 27686771 28296497 X 51230429 63731397 62059984 89551178 113290413 153282575 140977184 181579072 38262630 1729532 0 X 0 1 X 1 1 1 X 81513835 122944583 68065791 101032248 134592524 508148981 81513835 122944583 68065791 101032248 134592524 508148981 194114363 314034618 358277 1507624 3287571 2841820 863542 8858834 1861 54377 56238 517064053 37550319 0.60730 0.64350 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 1,861. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 57,475. LOSS ON ASSET DISPOSAL - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ -3,098. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 1 11456 0 0 1 91652 1 163034 0 266142 0 PART II-B, LINE 1: THE FOUNDATION HAS A VICE PRESIDENT, POLICY & IMPACT AND A SENIOR DIRECTOR, POLICY & ADVOCACY WHO LOBBY TO MODERNIZE THE CHARTER SCHOOLS PROGRAM ON THE NATIONAL LEVEL. EXPENSES IN LINES 1D, 1E, 1G AND 1H INCLUDE A PORTION OF THE SALARY OF THESE INDIVIDUALS. 1392190 874620 517570 631702 631702 0 5839175 5703555 135620 653190 GUARANTEES 150000 GOVERNMENT ADVANCE 8731379 LEASE OBLIGATION 2723300 11604679 X 151977041 1729532 4754988 6484520 145492521 111123 -89479 21644 145514165 111984879 4754988 89479 4844467 107140412 111123 111123 107251535 PART X, LINE 2: THE FOUNDATION HAS RECEIVED DETERMINATION FROM THE INTERNAL REVENUE SERVICE UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FROM THE STATE OF CALIFORNIA FRANCHISE TAX BOARD GRANTING EXEMPTION FROM TAXATION ON RELATED INCOME. THE FOUNDATION MAY BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, IF ANY, GENERATED BY ITS INVESTMENTS. MANAGEMENT HAS EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS MAINTAINED ITS TAX-EXEMPT STATUS AND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THESE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES RECLASSIFIED TO REVENUE -89,479. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES RECLASSIFIED TO REVENUE 89,479. 1 KIPP BALTIMORE 2000 EDGEWOOD ST BALTIMORE MD 21216 201347748 501(C)(3) 490096 0 ONE KIPP, NEW SCHOOL GROWTH & EXPANSION AND KF EVENTS KIPP CAPITAL REGION PUBLIC SCHOOLS (FKA ALBANY) 321 NORTHERN BLVD ALBANY NY 12210 522342513 501(C)(3) 2144496 0 SCHOOL START-UP, ONE KIPP AND KF EVENTS KIPP CHICAGO 2007 SOUTH HALSTED ST CHICAGO IL 60608 300075271 501(C)(3) 519445 0 ONE KIPP AND KF EVENTS KIPP COLORADO SCHOOLS 1390 LAWRENCE ST DENVER CO 80204 800037534 501(C)(3) 604524 0 ONE KIPP AND KF EVENTS KIPP COLUMBUS 2900 INSPIRE DRIVE COLUMBUS OH 43224 208627107 501(C)(3) 1737321 0 SCHOOL START-UP, ONE KIPP AND KF EVENTS KIPP DC PUBLIC SCHOOLS 2600 VIRGINA AVE NW STE 900 WASHINGTON DC 20037 742974642 501(C)(3) 1086067 0 SCHOOL START-UP, ONE KIPP AND KF EVENTS KIPP DELTA PUBLIC SCHOOLS 415 OHIO STREET HELENA AZ 72342 311807400 501(C)(3) 274575 0 ONE KIPP AND KF EVENTS KIPP INDY PUBLIC SCHOOLS 1740 EAST 30TH STREET INDIANAPOLIS IN 46218 300145826 501(C)(3) 3638726 0 SCHOOL START-UP, ONE KIPP, KF EVENTS & FY25 INVESTMENT IN GROWTH AND LIFTING ACADEMIC OUTCOMES KIPP JACKSONVILLE SCHOOLS 1440 MCDUFF AVENUE NORTH JACKSONVILLE FL 32254 264046741 501(C)(3) 1108304 0 SCHOOL START-UP, ONE KIPP AND KF EVENTS KIPP KANSAS CITY 2700 E 18TH ST KANSAS CITY MO 64127 208552002 501(C)(3) 229572 0 SCHOOL START-UP, ONE KIPP AND KF EVENTS KIPP MASSACHUSETTS 90 HIGH ROCK STREET LYNN MA 01902 743153091 501(C)(3) 461018 0 ONE KIPP AND KF EVENTS KIPP MEMPHIS PUBLIC SCHOOLS 2670 UNION AVENUE EXTENDED 1100 MEMPHIS TN 38112 680502820 501(C)(3) 242313 0 ONE KIPP AND KF EVENTS KIPP METRO ATLANTA 1445 MAYNARD ROD NW ATLANTA GA 30331 113723114 501(C)(3) 874151 0 ONE KIPP AND KF EVENTS KIPP MIAMI INC 6745 NW 23RD AVENUE MIAMI FL 33147 814473475 501(C)(3) 1649716 0 SCHOOL START-UP, ONE KIPP AND KF EVENTS KIPP WHOLE CHILD CENTER - KIPP DETROIT PUBLIC SCHOOLS 19321 W CHICAGO DETROIT MI 48228 873583179 501(C)(3) 1919239 0 SCHOOL START-UP, ONE KIPP AND KF EVENTS KIPP MINNESOTA 5034 N OLIVER AVENUE MINNEAPOLIS MN 55430 208877750 501(C)(3) 62688 0 ONE KIPP AND KF EVENTS KIPP NASHVILLE 123 DOUGLAS AVENUE NASHVILLE TN 37207 202799123 501(C)(3) 2500662 0 SCHOOL START-UP, ONE KIPP AND KF EVENTS KIPP NEW ORLEANS SCHOOLS 1055 ST CHARLES AVE STE 400 NEW ORLEANS LA 70130 202277213 501(C)(3) 600778 0 ONE KIPP AND KF EVENTS KIPP NORTH CAROLINA PUBLIC SCHOOLS INC 1107 HOLLOWAY STREET DURHAM NC 27701 861211081 501(C)(3) 1123314 0 SCHOOL START-UP, ONE KIPP AND KF EVENTS KIPP NYC PUBLIC SCHOOLS 1501 BROADWAY SUITE 1000 NEW YORK NY 10036 203971209 501(C)(3) 3476942 0 SCHOOL START-UP, ONE KIPP AND KF EVENTS KIPP OKLAHOMA CITY 1901 NE 13TH STREET OKLAHOMA CITY OK 73117 300005794 501(C)(3) 804892 0 SCHOOL START-UP, ONE KIPP AND KF EVENTS KIPP PHILADELPHIA PUBLIC SCHOOLS 5070 PARKSIDE AVE STE 3500D PO BOX 41 PHILADELPHIA PA 19131 050546103 501(C)(3) 1231890 0 SCHOOL START-UP, ONE KIPP AND KF EVENTS KIPP PUBLIC SCHOOLS NORTHERN CALIFORNIA 1000 BROADWAY 460 OAKLAND CA 94612 205010766 501(C)(3) 2719394 0 SCHOOL START-UP, ONE KIPP AND KF EVENTS KIPP SOCAL PUBLIC SCHOOLS 1933 S BROADWAY SUITE 1144 LOS ANGELES CA 90007 261607268 501(C)(3) 3350619 0 SCHOOL START-UP, ONE KIPP AND KF EVENTS KIPP ST LOUIS PUBLIC SCHOOLS 1310 PAPIN ST STE 203 ST LOUIS MO 63113 010916759 501(C)(3) 1238914 0 ONE KIPP AND KF EVENTS KIPP TEXAS PUBLIC SCHOOLS 10711 KIPP WAY HOUSTON TX 77099 133875888 501(C)(3) 5138908 0 SCHOOL START-UP, ONE KIPP AND KF EVENTS KIPP TULSA PUBLIC CHARTER SCHOOL 1661 EAST VIRGIN STREET TULSA OK 74106 113740269 501(C)(3) 92785 0 SCHOOL START-UP, ONE KIPP AND KF EVENTS TEAM ACADEMY CHARTER SCHOOLS - KIPP NEW JERSEY 60 PARK PLACE STE 802 NEWARK NJ 07102 010660264 501(C)(3) 665916 0 SCHOOL START-UP, ONE KIPP AND KF EVENTS 28 0 ALUMNI SCHOLARSHIP 8 32670 AMPLIFY SCHOLARSHIP 2 2500 BARTH ONWARD FELLOWS SCHOLARSHIP FUND 25 120507 DREAMSCAPE SCHOLARSHIP 2 22976 EXCELLENCE IN OPS AWARD 3 5500 HBET AWARD 20 200000 KIPP 12 AWARD 1 10000 KIPP 5 AWARD 3 15000 KIPP 6 AWARD 18 184278 KIPP FORWARD 2 15000 KIPP WINNER OF HEART AND SOL AWARD 1 250 LYNCH SCHOLARSHIP 4 37597 RALES SCHOLARSHIPSHIP 94 1099491 WEBB SCHOLARSHIP 14 123546 PART I, LINE 2: THE FOUNDATION GIVES GRANTS TO KIPP REGIONS BASED ON NEED OR SPECIFICATION FROM THE GRANTOR. EACH GRANT HAS A SEPARATE SET OF CRITERIA AND IS REVIEWED BY FOUNDATION STAFF FOR COMPLIANCE AND MERIT. SCHEDULE I, PART I, LINE 2 U.S. DEPARTMENT OF EDUCATION (US ED) SCHOOL GRANTS ARE APPLIED FOR BY THE INDIVIDUAL SCHOOLS THROUGH SUBMISSION OF DETAILED BUDGET REQUESTS, WHICH ARE ULTIMATELY APPROVED FOR FUNDING BY THE U.S. DEPARTMENT OF EDUCATION. UPON AWARD, GRANT LETTERS ARE PROVIDED TO EACH OF THE SCHOOLS STATING SPECIFIC TERMS FOR COSTS ACCEPTED FOR FUNDING AND BUDGET COMPLIANCE. IN ADDITION, A CONFERENCE CALL IS HELD DIRECTLY WITH THE KIPP FEDERAL GRANTS MANAGEMENT TEAM AND A REPRESENTATIVE FROM EACH OF THE KIPP SCHOOLS AWARDED FUNDING TO REVIEW THE AWARD GUIDELINES. COMPLIANCE THROUGHOUT THE YEAR IS MONITORED BY THE KIPP FOUNDATION FINANCE TEAM THROUGH THE REVIEW OF THE QUARTERLY DRAWDOWN REQUESTS AND SITE VISITS AS APPLICABLE. EACH RECIPIENT SCHOOL IS REQUIRED TO SUBMIT APPROPRIATE DOCUMENTATION FOR ALL EXPENSES FOR WHICH THEY ARE REQUESTING TO DRAWDOWN FUNDS. KIPP FOUNDATION REVIEWS EACH REQUEST FOR ACCURACY AND ALLOWABILITY, IN ACCORDANCE WITH THE ORIGINAL BUDGET REQUEST. RECIPIENT SCHOOLS ARE SUBJECT TO AN ANNUAL SINGLE AUDIT AS APPLICABLE AND REVIEW OF SCHOOL FINANCIAL STATEMENTS TO ENSURE THAT EACH SCHOOL RECEIVED AN UNQUALIFIED OPINION. FINALLY, KIPP FOUNDATION PROVIDES AN ANNUAL REPORT TO THE U.S. DEPARTMENT OF EDUCATION REGARDING FUNDS RECEIVED DURING THE PREVIOUS FISCAL YEAR TO ENSURE COMPLIANCE. X 1 1 X X X X 1 0 0 0 0 0 0 0 0 SHAVAR JEFFRIES CEO AND BOARD MEMBER 749425 0 112500 0 2021 0 10800 0 43175 0 917921 0 0 0 KINNARI PATEL-SMYTH PRESIDENT 422497 0 0 0 2134 0 10800 0 43175 0 478606 0 0 0 JAMES MANLY CHIEF SCHOOLS OFFICER 420121 0 0 0 3947 0 10800 0 43175 0 478043 0 0 0 AISHA CHRISTIAN CHIEF LEGAL OFFICER/SECRETARY 389471 0 0 0 2605 0 3997 0 41864 0 437937 0 0 0 BENJAMIN COPE CHIEF DEVELOPMENT OFFICER 360497 0 0 0 2039 0 10800 0 21233 0 394569 0 0 0 LEANNE HERNANDEZ CFO/TREASURER 332051 0 0 0 1703 0 10800 0 28910 0 373464 0 0 0 SHAKIRA PETIT CHIEF OF STAFF TO THE CEO 318084 0 0 0 2109 0 10800 0 25323 0 356316 0 0 0 MICHAEL AMBRIZ CHIEF OPERATING OFF (PARTIAL YEAR) 315854 0 15000 0 1813 0 8045 0 12085 0 352797 0 0 0 JONATHAN COWAN CHIEF DATA/TECH OFF (PARTIAL YEAR) 153126 0 0 0 146791 0 7412 0 24726 0 332055 0 0 0 JOHN ALFORD CHIEF NETWORK GROWTH OFFICER 276457 0 0 0 2498 0 8229 0 43175 0 330359 0 0 0 DAVE LEVIN STRATEGIC ADVISOR & BOARD MEMBER 267402 0 0 0 2418 0 0 0 43175 0 312995 0 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDES A $200 TOTAL ANNUAL HEALTH AND WELLNESS INCENTIVE TO ALL ACTIVE/REGULAR STATUS EMPLOYEES WORKING 20 HOURS OR MORE PER WEEK. PART I, LINE 4A JONATHAN COWAN, CHIEF DATA AND TECHNOLOGY OFFICER, RECEIVED SEVERANCE PAYMENT OF $119,958 IN CALENDAR YEAR 2024. FORM 990, PART VI, SECTION A, LINE 8B THE AUDIT COMMITTEE AND FINANCE COMMITTEE DO NOT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B MEMBERS OF THE FINANCE TEAM PREPARED THE 2024 990 ORGANIZER TABS, WHICH WERE EITHER REVIEWED BY THE VICE PRESIDENT OF FINANCE (CONTROLLER), THE VICE PRESIDENT OF FINANCIAL PLANNING & SUPPORT, OR SENIOR DIRECTOR OF GRANTS MANAGEMENT. THE ORGANIZER WAS FORWARDED TO HOOD AND STRONG, LLP FOR PREPARATION OF THE FORM 990. UPON PREPARATION OF THE 990 DRAFT, THE DIRECTOR, ACCOUNTING & AUDIT, THE VICE PRESIDENT OF FINANCIAL PLANNING & SUPPORT, THE CHIEF FINANCIAL OFFICER, AND THE EXTERNAL LEGAL COUNSEL REVIEWED THE DRAFT. THE DRAFT WAS PRESENTED TO THE AUDIT COMMITTEE MEMBERS DURING VIRTUAL SESSION BY PAID PREPARERS. THE AUDIT COMMITTEE MEMBERS WERE ENCOURAGED TO REVIEW THE FORM 990 AND DIRECT THEIR QUESTIONS TO THE CFO. UPON SATISFACTION OF ANY QUESTIONS, THE FORM 990 WAS DISTRIBUTED TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS, AS DEFINED IN THE CONFLICT OF INTEREST POLICY. KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST ON AN ONGOING BASIS IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY AND KIPP FOUNDATION CODE OF ETHICS, WHICH REQUIRE DISCLOSURE WHEREVER A POTENTIAL CONFLICT ARISES. IF THE BOARD DETERMINES THERE IS A CONFLICT OF INTEREST, THE CHAIRMAN OF THE BOARD SHALL, IF APPROPRIATE, REQUEST AN INVESTIGATION OF ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. THE BOARD WILL THEN VOTE ON WHETHER OR NOT TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. THE INTERESTED PERSON MAY NOT VOTE ON WHETHER THE TRANSACTION OR ARRANGEMENT IS A CONFLICT OF INTEREST NOR WHETHER IT SHOULD BE APPROVED. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR APPROVAL INVOLVES AN INDEPENDENT THIRD PARTY ORGANIZATION PROVIDING INFORMATION WHICH: * PROVIDES MARKET COMPARABILITY DATA TO ASSIST THE BOARD IN MAKING DECISIONS REGARDING ANY POTENTIAL CHANGES TO THE CURRENT COMPENSATION PROGRAM, * EVALUATES THE COMPETITIVENESS OF THE CURRENT COMPENSATION ARRANGEMENTS AND ADVISE THE BOARD ON THE RANGE OF COMPETITIVE PRACTICES FOR FUNCTIONALLY COMPARABLE POSITIONS AMONG SIMILARLY SITUATED ORGANIZATIONS PROVIDING SIMILAR SERVICES, * PROVIDES OPINION ON THE REASONABLENESS OF THE PROPOSED COMPENSATION ARRANGEMENTS, TAKING ALL RELEVANT FACTORS INTO CONSIDERATION, TO ASSIST THE BOARD WITH ITS GOVERNANCE RESPONSIBILITIES UNDER INTERNAL REVENUE CODE SECTION 4958 AND APPLICABLE REGULATIONS, COMMONLY REFERRED TO AS THE "INTERMEDIATE SANCTIONS" LEGISLATION, AND * FINALLY, SAID COMPENSATION IS APPROVED BY THE KIPP FOUNDATION'S BOARD. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE FOR THE SAME PERIOD OF TIME SET FORTH IN IRC 6104(D). DOCUMENTS MAY BE VIEWED AT WWW.KIPP.ORG AND UPON REQUEST.