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Nonprofiteer
← FRIENDS OF KIPP NEW ORLEANS INC

Form 990 for tax year 2022

Filed by FRIENDS OF KIPP NEW ORLEANS INC.

Totals

Total revenue
$1,303,599
Total expenses
$461,030
Contributions and grants received
$352,116
Grants paid
$0
Program service revenue
$0
Investment income
$951,483
Other revenue
$0
Total assets, end of year
$15,849,710
Total liabilities, end of year
$7,561,265
Net assets or fund balances, end of year
$8,288,445
Program services expenses (Part IX)
$446,260
Management and general expenses
$14,770
Fundraising expenses
$0
Program service expenses (Part III)
$446,260

Program services were 96.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $352,116

  • 3 · Investment income

    total $951,483 · excluded $951,483

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $14,755 · management and general $14,755

  • 20 · Interest

    total $446,260 · program services $446,260

  • 24a · Other expenses: MISCELLANEOUS

    total $15 · management and general $15

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $482,971 · end of year $501,004

  • 2 · Savings and temporary cash investments

    beginning of year $296,901 · end of year $284,746

  • 7 · Other notes and loans receivable

    beginning of year $15,063,960 · end of year $15,063,960

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,000 · end of year $4,435

  • 24 · Unsecured notes and loans payable

    beginning of year $8,369,956 · end of year $7,556,830

  • 27 · Net assets without donor restrictions

    beginning of year $7,445,876 · end of year $8,288,445

Mission and programs · 2022

Mission

TO BENEFIT AND SUPPORT KIPP NEW ORLEANS, INC., AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3).

  • DONATIONS RAISED AND CONTRIBUTIONS RECEIVED DIRECTLY IMPACT THE LIVES OF MORE THAN 6,000 KIPPSTERS ACROSS 13 SCHOOLS AT KIPP NEW ORLEANS, INC.

    Expenses $446,260

As filed on the 2022 return.

Listed in Part VII

  • Drew Marsh

    DIRECTOR, CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Larry Washington

    DIRECTOR, VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lamar G Villere

    DIRECTOR, TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Landrum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keith Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Danielle Willis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jodi Aamodt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Hurley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donnell Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rhonda Kalifey-Aluise

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Katie Walmsley

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349309629

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