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← JACKSONVILLE ALLIANCE FOR KIPP SCHOOLS INC

Form 990 for tax year 2024

Filed by JACKSONVILLE ALLIANCE FOR KIPP SCHOOLS INC.

Totals

Total revenue
-$951,808
Total expenses
$849,735
Contributions and grants received
$14,000
Grants paid
$808,571
Program service revenue
$0
Investment income
$84,231
Other revenue
-$1,050,039
Total assets, end of year
$68,515,282
Total liabilities, end of year
$50,376,757
Net assets or fund balances, end of year
$18,138,525
Program services expenses (Part IX)
$808,571
Management and general expenses
$41,164
Fundraising expenses
$0
Program service expenses (Part III)
$808,571

Program services were 95.2% 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

    $14,000

  • 3 · Investment income

    total $84,231 · excluded $84,231

  • 6a · Gross rents

    real property $2,540,000

  • 6b · Less rental expenses

    real property $3,590,039

  • 6c · Rental income or loss

    real property -$1,050,039

  • 6d · Net rental income or loss

    total -$1,050,039 · excluded -$1,050,039

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $808,571 · program services $808,571

  • 24a · Other expenses: RENT EXPENSE

    total $41,164 · management and general $41,164

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,349,101 · end of year $130,989

  • 4 · Accounts receivable

    beginning of year $1,571,681 · end of year $2,648,386

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

    $79,459,666

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

    $14,828,301

  • 10c · Land, buildings and equipment, net

    beginning of year $66,332,072 · end of year $64,631,365

  • 15 · Other assets

    beginning of year $1,127,634 · end of year $1,104,542

  • 17 · Accounts payable and accrued expenses

    beginning of year $248,945

  • 25 · Other liabilities

    beginning of year $51,191,475 · end of year $50,376,757

  • 27 · Net assets without donor restrictions

    beginning of year $19,940,068 · end of year $18,138,525

Mission and programs · 2024

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 $808,571 · Grants $808,571

As filed on the 2024 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
    $173,077
    From this org
    $0
    From related orgs
    $173,077
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $163,077 related
    Bonus
    not reported
    Other
    not reported + $10,000 related
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $173,077 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. 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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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
2024
Filed
9 February 2026
IRS schema version
2024v5.0
Source object
202610619349301231

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