Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $71,250

• 1e · Government grants (contributions)

  $57,546,823

• 1f · All other contributions, gifts and grants

  $6,989,001

• 2a · Program service revenue: FOOD SERVICE

  total $66,185 · related or exempt $66,185

• 3 · Investment income

  total $731,419 · excluded $731,419

• 11a · Other revenue: SUBLEASE INCOME

  total $180,000 · excluded $180,000

• 11e · Other revenue, total

  $180,000

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $23,634,010 · program services $20,268,301 · management and general $3,365,709

• 8 · Pension plan contributions

  total $1,700,384 · program services $1,458,233 · management and general $242,151

• 9 · Other employee benefits

  total $3,286,846 · program services $2,818,768 · management and general $468,078

• 10 · Payroll taxes

  total $1,359,454 · program services $1,165,855 · management and general $193,599

• 11c · Fees: accounting

  total $105,845 · management and general $105,845

• 11g · Fees: other

  total $7,598,155 · program services $2,067,759 · management and general $5,239,682 · fundraising $290,714

• 13 · Office expenses

  total $2,717,903 · program services $2,717,903

• 16 · Occupancy

  total $8,813,656 · program services $7,558,507 · management and general $1,255,149

• 22 · Depreciation, depletion and amortization

  total $3,529,736 · program services $3,027,068 · management and general $502,668

• 23 · Insurance

  total $398,174 · management and general $398,174

• 24a · Other expenses: SUPPLIES

  total $4,952,054 · program services $3,383,979 · management and general $1,568,075

• 24b · Other expenses: FINANCING COST

  total $2,139,294 · program services $2,139,294

• 24c · Other expenses: FOOD SERVICE EXPENSES

  total $1,779,024 · program services $1,779,024

• 24d · Other expenses: TPAF EXPENSES

  total $837,925 · program services $718,596 · management and general $119,329

• 24e · All other expenses

  total $611,056 · program services $611,056

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $20,183,798 · end of year $47,869,881

• 3 · Pledges and grants receivable

  beginning of year $9,147,092 · end of year $7,208,371

• 9 · Prepaid expenses and deferred charges

  beginning of year $617,302 · end of year $71,009

• 10a · Land, buildings and equipment: cost or other basis

  $142,687,377

• 10b · Land, buildings and equipment: accumulated depreciation

  $13,972,962

• 10c · Land, buildings and equipment, net

  beginning of year $109,913,292 · end of year $128,714,415

• 15 · Other assets

  beginning of year $9,978,477 · end of year $27,819,378

• 17 · Accounts payable and accrued expenses

  beginning of year $11,579,969 · end of year $13,368,695

• 20 · Tax-exempt bond liabilities

  end of year $84,130,000

• 23 · Secured mortgages and notes payable

  beginning of year $128,277,416 · end of year $84,833,155

• 25 · Other liabilities

  beginning of year $6,804,595 · end of year $24,052,061

• 29 · Capital stock, trust principal or current funds

  beginning of year $14,132,092 · end of year $17,957,577

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year -$10,954,111 · end of year -$12,658,434

• 31 · Retained earnings, endowment or other funds

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

PART I, LINE 3

THE EXECUTIVE DIRECTOR IS COMPENSATED BY KIPP TEAM AND FAMILY SCHOOLS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• KCNA PROJECT LLC

  FACILITATE CONSTRUCTION PROJECTS FOR KCNA · NJ · income $0 · assets $0

  Directly controlled by KIPP COOPER NORCROSS INC