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Nonprofiteer
← KIPP TEXAS INC

Form 990 for tax year 2023

Filed by KIPP TEXAS INC.

Totals

Total revenue
$482,438,123
Total expenses
$473,172,761
Contributions and grants received
$470,418,820
Grants paid
$47,074
Program service revenue
$5,423,174
Investment income
$6,529,154
Other revenue
$66,975
Total assets, end of year
$879,663,965
Total liabilities, end of year
$703,363,245
Net assets or fund balances, end of year
$176,300,720
Program services expenses (Part IX)
$422,839,232
Management and general expenses
$46,169,321
Fundraising expenses
$4,164,208
Program service expenses (Part III)
$422,839,232

Program services were 89.4% 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.

  • 1c · Fundraising events

    $2,266,504

  • 1e · Government grants (contributions)

    $455,595,595

  • 1f · All other contributions, gifts and grants

    $12,556,721

  • 1g · Noncash contributions included above

    $4,336,724

  • 2a · Program service revenue: Charter Program fees

    total $2,920,193 · related or exempt $2,920,193

  • 2b · Program service revenue: Auxiliary fees

    total $2,460,263 · related or exempt $2,460,263

  • 2c · Program service revenue: Food service fees

    total $42,718 · related or exempt $42,718

  • 3 · Investment income

    total $6,446,605 · excluded $6,446,605

  • 6a · Gross rents

    real property $263,104

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $263,104

  • 6d · Net rental income or loss

    total $263,104 · excluded $263,104

  • 7a · Gross sales of assets other than inventory

    securities $266,582

  • 7b · Less cost or other basis and sales expenses

    securities $184,033

  • 7c · Gain or loss

    securities $82,549

  • 7d · Net gain or loss

    total $82,549 · excluded $82,549

  • 8a · Fundraising events: gross income

    $442,318

  • 8a · Fundraising events: contributions included on line 1c

    $2,266,504

  • 8b · Fundraising events: direct expenses

    $672,562

  • 8c · Net income from fundraising events

    total -$230,244 · excluded -$230,244

  • 11a · Other revenue: Insurance recovery

    total $34,115 · excluded $34,115

  • 11e · Other revenue, total

    $34,115

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $47,074 · program services $47,074

  • 5 · Compensation of officers, directors and key employees

    total $3,828,564 · program services $462,409 · management and general $3,366,155

  • 7 · Other salaries and wages

    total $245,216,244 · program services $224,639,963 · management and general $18,096,285 · fundraising $2,479,996

  • 8 · Pension plan contributions

    total $30,967,937 · program services $28,509,977 · management and general $2,181,497 · fundraising $276,463

  • 9 · Other employee benefits

    total $21,912,174 · program services $20,323,603 · management and general $1,420,609 · fundraising $167,962

  • 10 · Payroll taxes

    total $3,430,269 · program services $3,108,264 · management and general $288,066 · fundraising $33,939

  • 11b · Fees: legal

    total $486,327 · management and general $486,327

  • 11c · Fees: accounting

    total $135,662 · management and general $135,662

  • 11g · Fees: other

    total $18,150,961 · program services $12,109,600 · management and general $5,798,278 · fundraising $243,083

  • 13 · Office expenses

    total $14,879,341 · program services $13,261,463 · management and general $1,334,405 · fundraising $283,473

  • 14 · Information technology

    total $10,901,103 · program services $9,289,936 · management and general $1,576,748 · fundraising $34,419

  • 16 · Occupancy

    total $12,228,196 · program services $11,181,473 · management and general $974,791 · fundraising $71,932

  • 17 · Travel

    total $19,556 · program services $14,670 · management and general $4,867 · fundraising $19

  • 19 · Conferences, conventions and meetings

    total $1,248,714 · program services $1,004,205 · management and general $203,525 · fundraising $40,984

  • 20 · Interest

    total $22,731,050 · program services $21,324,720 · management and general $1,273,049 · fundraising $133,281

  • 22 · Depreciation, depletion and amortization

    total $27,370,316 · program services $24,798,532 · management and general $2,431,903 · fundraising $139,881

  • 23 · Insurance

    total $5,100,904 · program services $17,620 · management and general $5,083,180 · fundraising $104

  • 24a · Other expenses: Transportation/bus

    total $19,178,191 · program services $19,178,191

  • 24b · Other expenses: Cafeteria/food expenses

    total $17,134,711 · program services $17,134,711

  • 24c · Other expenses: Repairs & maintenance

    total $11,771,412 · program services $10,862,164 · management and general $799,294 · fundraising $109,954

  • 24d · Other expenses: Student trips

    total $2,009,620 · program services $2,009,620

  • 24e · All other expenses

    total $4,424,435 · program services $3,561,037 · management and general $714,680 · fundraising $148,718

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $164,595 · end of year $116,635

  • 2 · Savings and temporary cash investments

    beginning of year $143,854,807 · end of year $135,234,338

  • 3 · Pledges and grants receivable

    beginning of year $72,142,420 · end of year $81,925,576

  • 4 · Accounts receivable

    beginning of year $432,102 · end of year $787,122

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,630,319 · end of year $2,220,465

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

    $825,545,941

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

    $193,749,885

  • 10c · Land, buildings and equipment, net

    beginning of year $628,412,254 · end of year $631,796,056

  • 11 · Investments: publicly traded securities

    beginning of year $1,728,216 · end of year $2,044,839

  • 15 · Other assets

    beginning of year $43,971,086 · end of year $25,538,934

  • 17 · Accounts payable and accrued expenses

    beginning of year $70,865,488 · end of year $64,756,110

  • 19 · Deferred revenue

    beginning of year $1,162,039 · end of year $1,015,131

  • 20 · Tax-exempt bond liabilities

    beginning of year $565,674,003 · end of year $556,068,980

  • 25 · Other liabilities

    beginning of year $88,809,205 · end of year $81,523,024

  • 27 · Net assets without donor restrictions

    beginning of year $142,972,990 · end of year $157,641,415

  • 28 · Net assets with donor restrictions

    beginning of year $23,852,074 · end of year $18,659,305

Mission and programs · 2023

Mission

Together with our families and communities, KIPP Texas creates joyful, academically excellent schools that prepare our students to pursue any path they choose - college, career, and beyond - so they can lead fulfilling lives and build a more just world.

Activities or mission (Part I)

KIPP Texas Public Schools is an open-enrollment, free public charter school network of 54 schools with more than 31,000 Pre-K - 12 students across Texas. We are committed to excellence and empathy in education with a focus on college and career preparation. Together with our families and communities, KIPP Texas creates joyful, academically excellent schools that prepare our students to pursue any path they choose - college, career, and beyond - so they can lead fulfilling lives and build a more just world.An integral part of the KIPP Texas approach is KIPP Forward. Through KIPP Forward, we're supporting students to choose and prepare for the educational and career path that fits their goals and sense of purpose. Once on their way, KIPP Forward teams help alumni keep moving forward while pursuing their dreams.To learn more, go to https://kipptexas.org/about/

  • See Schedule O KIPP Texas is committed to an instructional program in which students are given the opportunity to master the fundamental skills of mathematics, science, social studies, fine arts, sports, additional languages, and more as well as the confidence necessary to succeed in college, career, and beyond. Other fundamental learning in the arts, literature, foreign language, natural sciences, social sciences, physical education, and college and career readiness skills is provided for all students. Recognition is given and provisions are made for the individual capabilities, creative talents, needs, and interests of each student so that all students Rise Together. KIPP Texas students graduate college at a rate three times higher than the national average for low-income students. KIPP Texas students enter by lottery with no test for admission and no screening.To learn more, go to https://kipptexas.org/

    Expenses $416,254,931 · Revenue $5,423,174

  • See Schedule OKIPP Forward is a program designed to help our KIPPsters go to and through college and lead a choice-filled life. KIPP Forward counselors work with Little KIPPsters starting in their junior year in high school to select the right classes, fill out the FAFSA and other college scholarship forms, prepare to take college entrance exams such as the ACT, and support them as they prepare for and select the right college and career based on their interests and passions. After high school, KIPP Texas advisors help alumni navigate the academic, social, and financial challenges they might encounter while in college or pursuing a career.To learn more, go to https://kipptexas.org/kipp-foward/

    Expenses $6,584,301 · Grants $47,074

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

Listed in Part VII

  • Allison Thacker

    Chair

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Gene Austin

    Vice Chair

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Lauren Gore

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Dolores Lozano

    Assistant Secretary

    Total calculated
    $0
    Hours/week
    2

  • Bill Boyar

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Peter Brodsky

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Jennefer Canales

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Cleve Glenn

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Pepe Guevara

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Gretchen Miller

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Ethan Phillips

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Patricia Ponton

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Shana Ravnsborg

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Shawn Raymond

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Manolo Sanchez

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Alex Sharma

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Sara Villarreal

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Velma Villegas

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Darla Whitaker

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Sehba Z Ali

    Chief Executive Officer

    Total calculated
    $573,688
    From this org
    $500,406
    From related orgs
    $0
    Other
    $73,282
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $409,773
    Bonus
    $90,633
    Other
    $0
    Deferred
    $64,718
    Nontaxable benefits
    $8,564
    Filer's total
    $573,688

  • Larry J Guillory

    Chief Administration Officer

    Total calculated
    $404,565
    From this org
    $364,451
    From related orgs
    $0
    Other
    $40,114
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $311,679
    Bonus
    $52,772
    Other
    $0
    Deferred
    $29,611
    Nontaxable benefits
    $10,503
    Filer's total
    $404,565

  • Vanessa Barry

    Chief Operating Officer (to 12/23)

    Total calculated
    $373,776
    From this org
    $339,295
    From related orgs
    $0
    Other
    $34,481
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $287,145
    Bonus
    $52,150
    Other
    $0
    Deferred
    $26,171
    Nontaxable benefits
    $8,310
    Filer's total
    $373,776

  • Son Nam Han

    Chief Financial Officer

    Total calculated
    $361,518
    From this org
    $328,206
    From related orgs
    $0
    Other
    $33,312
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $276,703
    Bonus
    $51,503
    Other
    $0
    Deferred
    $25,859
    Nontaxable benefits
    $7,453
    Filer's total
    $361,518

  • Jobina A Scott

    Chief Advancement Officer

    Total calculated
    $352,199
    From this org
    $326,762
    From related orgs
    $0
    Other
    $25,437
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $276,703
    Bonus
    $50,059
    Other
    $0
    Deferred
    $25,418
    Nontaxable benefits
    $19
    Filer's total
    $352,199

  • Daniel Caesar

    Chief Schools Officer

    Total calculated
    $341,944
    From this org
    $309,885
    From related orgs
    $0
    Other
    $32,059
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $263,751
    Bonus
    $46,134
    Other
    $0
    Deferred
    $24,060
    Nontaxable benefits
    $7,999
    Filer's total
    $341,944

  • Rona S Simmons

    Chief Academic Officer

    Total calculated
    $241,311
    From this org
    $215,835
    From related orgs
    $0
    Other
    $25,476
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $202,500
    Bonus
    $13,335
    Other
    $0
    Deferred
    $16,408
    Nontaxable benefits
    $9,068
    Filer's total
    $241,311

  • Laura M Howarth

    Chief Operating Officer (from 10/23)

    Total calculated
    $221,098
    From this org
    $195,586
    From related orgs
    $0
    Other
    $25,512
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $180,244
    Bonus
    $12,842
    Other
    $2,500
    Deferred
    $14,836
    Nontaxable benefits
    $10,676
    Filer's total
    $221,098

  • Justin Scott

    Regional Superintendent

    Total calculated
    $282,858
    From this org
    $254,386
    From related orgs
    $0
    Other
    $28,472
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $218,021
    Bonus
    $35,945
    Other
    $420
    Deferred
    $17,969
    Nontaxable benefits
    $10,503
    Filer's total
    $282,858

  • Eric Coleman

    Regional Superintendent

    Total calculated
    $316,914
    From this org
    $293,781
    From related orgs
    $0
    Other
    $23,133
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $203,612
    Bonus
    $32,330
    Other
    $57,839
    Deferred
    $17,632
    Nontaxable benefits
    $5,501
    Filer's total
    $316,914

  • Francis Cush Jr

    Regional Superintendent

    Total calculated
    $218,973
    From this org
    $195,525
    From related orgs
    $0
    Other
    $23,448
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $181,857
    Bonus
    $13,668
    Other
    $0
    Deferred
    $15,449
    Nontaxable benefits
    $7,999
    Filer's total
    $218,973

  • Guadalupe Diaz

    Regional Superintendent

    Total calculated
    $189,720
    From this org
    $170,577
    From related orgs
    $0
    Other
    $19,143
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $156,821
    Bonus
    $13,756
    Other
    $0
    Deferred
    $12,578
    Nontaxable benefits
    $6,565
    Filer's total
    $189,720

  • Deedrah Harp

    Deputy Chief, Academic Programs

    Total calculated
    $277,347
    From this org
    $249,911
    From related orgs
    $0
    Other
    $27,436
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $230,833
    Bonus
    $19,078
    Other
    $0
    Deferred
    $20,704
    Nontaxable benefits
    $6,732
    Filer's total
    $277,347

  • Joseph Hykle

    Deputy Chief, Finance

    Total calculated
    $243,116
    From this org
    $216,967
    From related orgs
    $0
    Other
    $26,149
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $203,520
    Bonus
    $13,447
    Other
    $0
    Deferred
    $19,417
    Nontaxable benefits
    $6,732
    Filer's total
    $243,116

  • Eric Kot

    Deputy Chief, Operations

    Total calculated
    $234,711
    From this org
    $208,281
    From related orgs
    $0
    Other
    $26,430
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $196,642
    Bonus
    $11,639
    Other
    $0
    Deferred
    $17,074
    Nontaxable benefits
    $9,356
    Filer's total
    $234,711

  • Charles W Fimble Jr

    Deputy Chief, Human Resources

    Total calculated
    $226,930
    From this org
    $204,264
    From related orgs
    $0
    Other
    $22,666
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $190,228
    Bonus
    $14,036
    Other
    $0
    Deferred
    $16,204
    Nontaxable benefits
    $6,462
    Filer's total
    $226,930

  • Susan Liao

    Deputy Chief, Accounting

    Total calculated
    $230,721
    From this org
    $205,905
    From related orgs
    $0
    Other
    $24,816
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $183,555
    Bonus
    $21,930
    Other
    $420
    Deferred
    $16,817
    Nontaxable benefits
    $7,999
    Filer's total
    $230,721

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 7
The officers, key employees, and other highly compensated employees listed on Part II received bonuses as reflected in column (B)(ii) based on individual perfomance and the overall financial health of the organization.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

  • KIPP Texas Future Fund

    501(c)(3) · Provide financial services to charter school · TX · controlled entity

    Directly controlled by KIPP Texas Inc

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202501339349307675

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