Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $5,662,717

• 1e · Government grants (contributions)

  $741,037

• 1f · All other contributions, gifts and grants

  $26,791,356

• 1g · Noncash contributions included above

  $65,735

• 2a · Program service revenue: SERVICES RENDERED

  total $20,667,010 · related or exempt $20,667,010

• 2b · Program service revenue: PROGRAM FEES

  total $1,208,578 · related or exempt $1,208,578

• 2c · Program service revenue: DEVELOPER FEES

  total $811,754 · related or exempt $811,754

• 3 · Investment income

  total $2,247,968 · excluded $2,247,968

• 6a · Gross rents

  real property $6,531,965

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $6,531,965

• 6d · Net rental income or loss

  total $6,531,965 · excluded $6,531,965

• 8a · Fundraising events: gross income

  $132,375

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

  $5,662,717

• 8b · Fundraising events: direct expenses

  $282,174

• 8c · Net income from fundraising events

  total -$149,799 · excluded -$149,799

• 11a · Other revenue: FORGIVENESS OF NOTE PAYABLE

  total $200,000 · excluded $200,000

• 11b · Other revenue: MISCELLANEOUS REVENUE

  total $111,140 · excluded $111,140

• 11e · Other revenue, total

  $311,140

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $25,453 · program services $25,453

• 2 · Grants to domestic individuals

  total $345,908 · program services $345,908

• 5 · Compensation of officers, directors and key employees

  total $4,523,027 · program services $3,343,409 · management and general $973,543 · fundraising $206,075

• 7 · Other salaries and wages

  total $13,593,900 · program services $12,913,490 · management and general $148,510 · fundraising $531,900

• 8 · Pension plan contributions

  total $433,983 · program services $423,082 · management and general $1,588 · fundraising $9,313

• 9 · Other employee benefits

  total $2,053,036 · program services $1,959,840 · management and general $42,075 · fundraising $51,121

• 10 · Payroll taxes

  total $1,297,364 · program services $1,203,006 · management and general $57,647 · fundraising $36,711

• 11b · Fees: legal

  total $123,905 · program services $123,905

• 11c · Fees: accounting

  total $86,950 · management and general $86,950

• 11g · Fees: other

  total $2,804,742 · program services $1,784,618 · management and general $532,155 · fundraising $487,969

• 12 · Advertising and promotion

  total $456,476 · program services $411,476 · management and general $45,000

• 13 · Office expenses

  total $272,991 · program services $252,139 · management and general $13,641 · fundraising $7,211

• 14 · Information technology

  total $665,178 · program services $664,208 · management and general $970

• 16 · Occupancy

  total $4,788,336 · program services $4,338,285 · management and general $267,467 · fundraising $182,584

• 20 · Interest

  total $2,692,406 · program services $2,692,406

• 22 · Depreciation, depletion and amortization

  total $1,015,758 · program services $996,723 · management and general $19,035

• 23 · Insurance

  total $225,460 · program services $204,269 · management and general $12,594 · fundraising $8,597

• 24a · Other expenses: STAFF DEVELOPMENT

  total $1,373,617 · program services $994,479 · management and general $287,875 · fundraising $91,263

• 24b · Other expenses: ACADEMIC SUPPORT

  total $1,050,791 · program services $1,050,791

• 24c · Other expenses: MISCELLANEOUS

  total $639,139 · program services $605,003 · management and general $17,278 · fundraising $16,858

• 24d · Other expenses: COMMUNICATIONS

  total $257,456 · program services $257,456

• 24e · All other expenses

  total $20,262 · program services $5,496 · management and general $609 · fundraising $14,157

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $26,038,077 · end of year $20,574,276

• 2 · Savings and temporary cash investments

  beginning of year $143,656,583 · end of year $72,833,334

• 3 · Pledges and grants receivable

  beginning of year $10,012,943 · end of year $25,644,146

• 4 · Accounts receivable

  beginning of year $10,248,284 · end of year $5,299,686

• 7 · Other notes and loans receivable

  beginning of year $16,254,822 · end of year $22,908,633

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,106,363 · end of year $1,732,703

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

  $215,096,118

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

  $2,885,824

• 10c · Land, buildings and equipment, net

  beginning of year $124,450,728 · end of year $212,210,294

• 15 · Other assets

  beginning of year $74,463,610 · end of year $37,930,236

• 17 · Accounts payable and accrued expenses

  beginning of year $13,138,530 · end of year $20,724,955

• 20 · Tax-exempt bond liabilities

  beginning of year $255,635,155 · end of year $241,111,174

• 23 · Secured mortgages and notes payable

  beginning of year $32,000,000 · end of year $31,136,824

• 24 · Unsecured notes and loans payable

  end of year $800,000

• 25 · Other liabilities

  beginning of year $51,167,587 · end of year $40,668,111

• 27 · Net assets without donor restrictions

  beginning of year $47,148,038 · end of year $61,933,213

• 28 · Net assets with donor restrictions

  beginning of year $8,142,100 · end of year $2,759,031

The filer's explanations (Part III)

PART I, LINE 7

THE EXECUTIVE LEADERSHIP IS ELIGIBLE TO RECEIVE A BONUS. THE AMOUNT OF THE BONUS IS DETERMINED BY THE BOARD OF DIRECTORS AND BASED ON ESTABLISHED WRITTEN GOALS AND OBJECTIVES. MANAGEMENT EMPLOYEES ARE ALSO ELIGIBLE TO RECEIVE A BONUS THAT IS APPROVED BY THE CEO AND CFO BASED ON ESTABLISHED WRITTEN GOALS AND OBJECTIVES. FOR BOTH EXECUTIVE LEADERSHIP AND MANAGEMENT, THE DELIBERATION AND FINAL DETERMINATION IS TIMELY APPROVED AND DOCUMENTED.

Disregarded entities

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

• KIPP NYC LLC

  PROVIDE SUPPORT SERVICES TO KIPP NYC SCHOOLS AND PROGRAMS · NY · income $25,276,195 · assets $11,646,797

  Directly controlled by KIPP NEW YORK INC

• KTC NYC LLC

  PROVIDE ACADEMIC AND FINANCIAL SUPPORT TO KIPP NYC ALUMNI · NY · income $5,013,919 · assets $507,660

  Directly controlled by KIPP NEW YORK INC

• KIPP NYC PROPERTIES LLC

  PROVIDE REAL ESTATE DEVELOPMENT AND FINANCING SERVICES · DE · income $1,489,788 · assets $3,494,233

  Directly controlled by KIPP NEW YORK INC

• KIPP NEW YORK FACILITIES LLC

  LEASING AND IMPROVING REAL PROPERTY IN NEW YORK, NY FOR NY CHARTER SCHOOLS · NY · income $0 · assets $0

  Directly controlled by KIPP NEW YORK INC

• GERALD 501 LLC

  PROVIDE REAL ESTATE DEVELOPMENT AND FINANCING SERVICES · DE · income $6,621,854 · assets $51,953,325

  Directly controlled by KIPP NEW YORK INC

• MACOMBS 1504 LLC

  PROVIDE REAL ESTATE DEVELOPMENT AND FINANCING SERVICES · DE · income $0 · assets $143,933,855

  Directly controlled by KIPP NEW YORK INC

• JEROME 2720 LLC

  PROVIDE REAL ESTATE DEVELOPMENT AND FINANCING SERVICES · DE · income $0 · assets $116,188,697

  Directly controlled by KIPP NEW YORK INC

• BRONX HS SITE LLC

  PROVIDE REAL ESTATE DEVELOPMENT AND FINANCING SERVICES · DE · income $1,607,024 · assets $1,146,713

  Directly controlled by KIPP NEW YORK INC