Totals
- Total revenue
- $25,236,644
- Total expenses
- $22,841,886
- Contributions and grants received
- $5,480,000
- Grants paid
- $0
- Program service revenue
- $18,346,381
- Investment income
- $1,410,263
- Other revenue
- $0
- Total assets, end of year
- $286,499,573
- Total liabilities, end of year
- $267,987,576
- Net assets or fund balances, end of year
- $18,511,997
- Program services expenses (Part IX)
- $22,375,833
- Management and general expenses
- $466,053
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $22,375,833
Program services were 98.0% 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.
-
1d · Related organizations
$5,400,000
-
1f · All other contributions, gifts and grants
$80,000
-
2a · Program service revenue: RENTAL INCOME
total $18,346,381 · related or exempt $18,346,381
-
3 · Investment income
total $327,231 · excluded $327,231
-
7a · Gross sales of assets other than inventory
securities $3,726,174
-
7b · Less cost or other basis and sales expenses
securities $2,643,142
-
7c · Gain or loss
securities $1,083,032
-
7d · Net gain or loss
total $1,083,032 · excluded $1,083,032
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $103,998 · management and general $103,998
-
11c · Fees: accounting
total $37,236 · management and general $37,236
-
11g · Fees: other
total $287,267 · management and general $287,267
-
13 · Office expenses
total $520 · management and general $520
-
16 · Occupancy
total $875,030 · program services $875,030
-
20 · Interest
total $7,785,091 · program services $7,785,091
-
22 · Depreciation, depletion and amortization
total $6,695,444 · program services $6,695,444
-
23 · Insurance
total $31,676 · management and general $31,676
-
24a · Other expenses: UNRECOV. PROJ. COST
total $5,931,410 · program services $5,931,410
-
24b · Other expenses: ALL OTHER EXPENSES
total $801,277 · program services $801,277
-
24c · Other expenses: PROPERTY TAXES
total $287,581 · program services $287,581
-
24d · Other expenses: DUES AND FEES
total $5,356 · management and general $5,356
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,678,543 · end of year $9,117,267
-
2 · Savings and temporary cash investments
beginning of year $31,098,527 · end of year $10,575,620
-
4 · Accounts receivable
beginning of year $4,750 · end of year $4,753
-
9 · Prepaid expenses and deferred charges
beginning of year $8,294 · end of year $252,273
-
10a · Land, buildings and equipment: cost or other basis
$279,627,790
-
10b · Land, buildings and equipment: accumulated depreciation
$35,762,847
-
10c · Land, buildings and equipment, net
beginning of year $224,992,249 · end of year $243,864,943
-
11 · Investments: publicly traded securities
beginning of year $7,415,654 · end of year $8,516,535
-
15 · Other assets
beginning of year $22,828,960 · end of year $14,168,182
-
17 · Accounts payable and accrued expenses
beginning of year $4,851,131 · end of year $8,747,239
-
19 · Deferred revenue
beginning of year $3,879,321 · end of year $8,742,334
-
20 · Tax-exempt bond liabilities
beginning of year $180,921,954 · end of year $177,505,508
-
23 · Secured mortgages and notes payable
beginning of year $29,033,415 · end of year $33,519,942
-
25 · Other liabilities
beginning of year $56,374,419 · end of year $39,472,553
-
27 · Net assets without donor restrictions
beginning of year $15,966,737 · end of year $18,511,997
Mission and programs · 2023
Mission
TO DEVELOP AND MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOLS.
-
THE ORGANIZATION FINANCES, DEVELOPS, LEASES AND MAINTAINS CERTAIN SCHOOL FACILITIES TO HELP KIPP SOCAL PUBLIC SCHOOLS TO MORE EFFECTIVELY ACHIEVE ITS MISSION OF TOGETHER WITH FAMILIES AND COMMUNITIES, TO CREATE JOYFUL, ACADEMICALLY EXCELLENT SCHOOLS THAT PREPARE STUDENTS WITH THE SKILLS AND CONFIDENCE TO PURSUE THE PATHS THEY CHOOSE COLLEGE, CAREER AND BEYOND SO THEY CAN LEAD FULFILLING LIVES AND CREATE A MORE JUST WORLD.
Expenses $22,375,833 · Revenue $18,346,381
As filed on the 2023 return.
Listed in Part VII
-
Nolan HighbaughNOLAN HIGHBAUGH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jeff StrnadJEFF STRNAD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Jason WilliamsJASON WILLIAMS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kyle SalyerKYLE SALYER
CHIEF FINANCIAL OFFICER
- Total calculated
- $322,783
- From this org
- $0
- From related orgs
- $297,440
- Other
- $25,343
- Hours/week
- 1 + 45 related
Schedule J breakdown matched by us
- Base
- $0 + $297,440 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $18,271 related
- Nontaxable benefits
- $0 + $7,072 related
- Filer's total
- $0 + $322,783 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
The filer's explanations (Part III)
- PART I, LINE 3
- THE KIPP SOCAL BOARD OF DIRECTORS APPROVES THE COMPENSATION OF THE CHIEF FINANCIAL OFFICER. THE PROCESS INCLUDES REVIEW OF COMPARABILITY DATA, REVIEW AND APPROVAL BY THE GOVERNANCE COMITTEE AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.
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.
-
501(C)(3) · CHARTER SCHOOLS · CA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $356,803 · assets $2,588,542
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $626,595 · assets $10,993,724
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $228,343 · assets $5,859,311
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $1,723,385 · assets $14,411,393
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $39,103 · assets $12,709,896
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $142 · assets $7,660,154
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $71,412 · assets $15,361,721
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $164 · assets $15,379,282
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $0 · assets $0
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $153 · assets $16,054,500
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $16,550 · assets $15,761,197
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $30 · assets $1,336,994
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $63 · assets $13,270,941
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $262 · assets $15,667,668
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $2,827 · assets $20,405,289
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $327 · assets $1,556,544
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $388 · assets $23,294,788
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $532,415 · assets $14,050,975
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $9,504 · assets $20,828,509
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $0 · assets $2,027,839
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $811,030 · assets $12,180,044
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $308,621 · assets $5,585,592
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $24 · assets $7,147
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $0 · assets $72
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $0 · assets $0
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $0 · assets $52
Directly controlled by KLARE HOLDINGS
-
TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL · CA · income $1,264,022 · assets $23,583,475
Directly controlled by KLARE HOLDINGS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531329349305978
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