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← JACKSONVILLE ALLIANCE FOR KIPP SCHOOLS INC

Form 990 for tax year 2023

Filed by JACKSONVILLE ALLIANCE FOR KIPP SCHOOLS INC.

Totals

Total revenue
-$734,764
Total expenses
$2,840,589
Contributions and grants received
$9,030
Grants paid
$2,800,000
Program service revenue
$0
Investment income
$248,953
Other revenue
-$992,747
Total assets, end of year
$71,380,488
Total liabilities, end of year
$51,440,420
Net assets or fund balances, end of year
$19,940,068
Program services expenses (Part IX)
$2,800,000
Management and general expenses
$40,589
Fundraising expenses
$0
Program service expenses (Part III)
$2,800,000

Program services were 98.6% 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

    $9,030

  • 3 · Investment income

    total $248,953 · excluded $248,953

  • 6a · Gross rents

    real property $2,500,000

  • 6b · Less rental expenses

    real property $3,492,747

  • 6c · Rental income or loss

    real property -$992,747

  • 6d · Net rental income or loss

    total -$992,747 · excluded -$992,747

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,800,000 · program services $2,800,000

  • 24a · Other expenses: RENT EXPENSE

    total $40,589 · management and general $40,589

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,900,524 · end of year $2,349,101

  • 4 · Accounts receivable

    beginning of year $9,224,116 · end of year $1,571,681

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

    $79,138,053

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

    $12,805,981

  • 10c · Land, buildings and equipment, net

    beginning of year $62,072,464 · end of year $66,332,072

  • 15 · Other assets

    beginning of year $1,150,388 · end of year $1,127,634

  • 17 · Accounts payable and accrued expenses

    beginning of year $812,917 · end of year $248,945

  • 25 · Other liabilities

    beginning of year $56,019,154 · end of year $51,191,475

  • 27 · Net assets without donor restrictions

    beginning of year $23,515,421 · end of year $19,940,068

Mission and programs · 2023

Mission

JACKSONVILLE ALLIANCE FOR KIPP SCHOOLS, INC., PRIMARY EXEMPT PURPOSE IS FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF KIPP JACKSONVILLE, INC., SO AS LONG AS KIPP JACKSONVILLE INC., IS DESCRIBED IN SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE.

  • DEVELOP, MAINTAIN, AND RETAIN FINANCING AS NEEDED FOR THE REAL ESTATE USED BY KIPP JACKSONVILLE, INC.

    Expenses $2,800,000 · Grants $2,800,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sydney A Gervin

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Thomas Gibbs

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

  • Thompson S Baker II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Colyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William E Kuntz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Zac West

    EXECUTIVE DI

    Total calculated
    $149,805
    From this org
    $0
    From related orgs
    $149,805
    Other
    $0
    Hours/week
    1 + 40 related

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

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
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202531359349316313

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