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Nonprofiteer
← KIPP CHICAGO SCHOOLS

Form 990 for tax year 2024

Filed by KIPP CHICAGO SCHOOLS.

Totals

Total revenue
$56,805,073
Total expenses
$57,173,119
Contributions and grants received
$56,157,834
Grants paid
$0
Program service revenue
$149,215
Investment income
$466,056
Other revenue
$31,968
Total assets, end of year
$12,441,795
Total liabilities, end of year
$4,289,603
Net assets or fund balances, end of year
$8,152,192
Program services expenses (Part IX)
$51,442,105
Management and general expenses
$4,874,385
Fundraising expenses
$856,629
Program service expenses (Part III)
$51,442,105

Program services were 90.0% 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.

  • 1e · Government grants (contributions)

    $54,512,101

  • 1f · All other contributions, gifts and grants

    $1,645,733

  • 2a · Program service revenue: STUDENT FEES

    total $149,215 · related or exempt $149,215

  • 3 · Investment income

    total $370,489 · excluded $370,489

  • 7a · Gross sales of assets other than inventory

    securities $1,612,048

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

    securities $1,516,481

  • 7c · Gain or loss

    securities $95,567

  • 7d · Net gain or loss

    total $95,567 · excluded $95,567

  • 11d · All other revenue

    total $31,968 · excluded $31,968

  • 11e · Other revenue, total

    $31,968

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $513,556 · program services $470,857 · management and general $33,984 · fundraising $8,715

  • 7 · Other salaries and wages

    total $32,231,145 · program services $29,536,717 · management and general $2,145,640 · fundraising $548,788

  • 8 · Pension plan contributions

    total $3,765,843 · program services $3,471,670 · management and general $232,602 · fundraising $61,571

  • 9 · Other employee benefits

    total $3,199,625 · program services $2,949,682 · management and general $197,629 · fundraising $52,314

  • 10 · Payroll taxes

    total $1,143,830 · program services $1,054,478 · management and general $70,650 · fundraising $18,702

  • 11b · Fees: legal

    total $25,859 · program services $14,740 · management and general $8,792 · fundraising $2,327

  • 11c · Fees: accounting

    total $72,000 · program services $41,040 · management and general $24,480 · fundraising $6,480

  • 11f · Fees: investment management

    total $8,942 · management and general $8,942

  • 11g · Fees: other

    total $4,831,898 · program services $4,613,982 · management and general $180,778 · fundraising $37,138

  • 12 · Advertising and promotion

    total $131,583 · program services $17,397 · management and general $99,474 · fundraising $14,712

  • 13 · Office expenses

    total $998,901 · program services $906,214 · management and general $73,287 · fundraising $19,400

  • 14 · Information technology

    total $192,589 · program services $170,141 · management and general $17,750 · fundraising $4,698

  • 15 · Royalties

    total $240,000 · management and general $240,000

  • 16 · Occupancy

    total $4,023,041 · program services $3,947,168 · management and general $60,617 · fundraising $15,256

  • 17 · Travel

    total $22,233 · program services $16,594 · management and general $4,459 · fundraising $1,180

  • 20 · Interest

    total $61,246 · program services $61,246

  • 22 · Depreciation, depletion and amortization

    total $311,773 · program services $305,305 · management and general $6,468

  • 23 · Insurance

    total $149,415 · program services $137,498 · management and general $9,423 · fundraising $2,494

  • 24a · Other expenses: TEXTBOOKS AND SUPPLIES

    total $1,907,542 · program services $1,907,542 · management and general $0 · fundraising $0

  • 24b · Other expenses: CPS ADMIN FEES

    total $1,221,964 · program services $0 · management and general $1,221,964 · fundraising $0

  • 24c · Other expenses: STUDENT ACTIVITIES

    total $777,305 · program services $777,305 · management and general $0 · fundraising $0

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $714,918 · program services $533,578 · management and general $143,385 · fundraising $37,955

  • 24e · All other expenses

    total $627,911 · program services $508,951 · management and general $94,061 · fundraising $24,899

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $70,349 · end of year $133,780

  • 2 · Savings and temporary cash investments

    beginning of year $4,049,105 · end of year $5,180,289

  • 3 · Pledges and grants receivable

    beginning of year $3,758,323 · end of year $2,085,820

  • 9 · Prepaid expenses and deferred charges

    beginning of year $390,482 · end of year $338,219

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

    $2,328,756

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

    $1,622,258

  • 10c · Land, buildings and equipment, net

    beginning of year $321,988 · end of year $706,498

  • 11 · Investments: publicly traded securities

    beginning of year $2,269,987 · end of year $2,362,417

  • 15 · Other assets

    beginning of year $2,382,829 · end of year $1,634,772

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,565,097 · end of year $2,292,418

  • 19 · Deferred revenue

    beginning of year $343,725 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,819,808 · end of year $1,997,185

  • 27 · Net assets without donor restrictions

    beginning of year $7,816,016 · end of year $7,340,901

  • 28 · Net assets with donor restrictions

    beginning of year $698,417 · end of year $811,291

Mission and programs · 2024

Mission

THE TEAM AT KIPP CHICAGO SCHOOLS IS GUIDED BY A SIMPLE, YET POWERFUL MISSION: TO CREATE A NETWORK OF EXCELLENT SCHOOLS IN CHICAGO THAT TEACH OUR STUDENTS THE CHARACTER AND ACADEMIC SKILLS NECESSARY TO SUCCEED IN COLLEGE AND BEYOND, AND TO INSTILL IN THEM A DESIRE TO HELP CHANGE THE WORLD.

  • KIPP CHICAGO SCHOOLS IS A NETWORK OF FREE, OPEN-ENROLLMENT PUBLIC CHARTER SCHOOLS OFFERING A COLLEGE PREPARATORY EDUCATION TO STUDENTS FROM CHICAGO'S MOST UNDERSERVED COMMUNITIES. TODAY, KIPP CHICAGO SCHOOLS SERVES APPROXIMATELY 3,500 STUDENTS AT FOUR PRIMARY AND FOUR MIDDLE SCHOOLS IN THE AUSTIN, ENGLEWOOD, HUMBOLDT PARK, AND NORTH LAWNDALE COMMUNITIES. KIPP CHICAGO SCHOOLS ALSO SUPPORTS OVER 2,500 KIPP ALUMNI THROUGH ITS KIPP FORWARD PROGRAM. FAR SURPASSING LOCAL NORMS, 89% OF ALUMNI HAVE COMPLETED HIGH SCHOOL AND 66% HAVE MATRICULATED TO COLLEGE. KIPP ASPIRES TO GROW ITS IMPACT IN CHICAGO.

    Expenses $51,442,105 · Revenue $149,215

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • April Montgomery Goble

    EXECUTIVE DIRECTOR - TERM

    Total calculated
    $287,161
    From this org
    $273,198
    From related orgs
    $0
    Other
    $13,963
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $273,198
    Bonus
    $0
    Other
    $0
    Deferred
    $7,722
    Nontaxable benefits
    $6,241
    Filer's total
    $287,161
  • Benjamin Chereskin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10
  • Zaid Alsikafi

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Maria Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Bernetta Cannon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Paris Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Craig Huffman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Michael Salmonowicz

    VP OF OPERATIONS

    Total calculated
    $218,053
    From this org
    $191,845
    From related orgs
    $0
    Other
    $26,208
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,845
    Bonus
    $0
    Other
    $0
    Deferred
    $9,670
    Nontaxable benefits
    $16,538
    Filer's total
    $218,053
  • Rashid L Bell

    HEAD OF SCHOOLS & EXECUTIVE DIRECTOR

    Total calculated
    $217,135
    From this org
    $202,208
    From related orgs
    $0
    Other
    $14,927
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,208
    Bonus
    $0
    Other
    $0
    Deferred
    $8,832
    Nontaxable benefits
    $6,095
    Filer's total
    $217,135
  • Amy Pouba

    SUPERINTENDENT

    Total calculated
    $244,190
    From this org
    $217,919
    From related orgs
    $0
    Other
    $26,271
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,919
    Bonus
    $0
    Other
    $0
    Deferred
    $10,855
    Nontaxable benefits
    $15,416
    Filer's total
    $244,190
  • Milton Rodriguez

    VP OF GROWTH STRATEGY & DEVELOPMENT

    Total calculated
    $225,156
    From this org
    $213,865
    From related orgs
    $0
    Other
    $11,291
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,865
    Bonus
    $0
    Other
    $0
    Deferred
    $10,195
    Nontaxable benefits
    $1,096
    Filer's total
    $225,156
  • Ellen Sale

    HEAD OF TALENT

    Total calculated
    $208,777
    From this org
    $191,670
    From related orgs
    $0
    Other
    $17,107
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,670
    Bonus
    $0
    Other
    $0
    Deferred
    $9,342
    Nontaxable benefits
    $7,765
    Filer's total
    $208,777
  • Tessa Catlett

    SCHOOL LEADER

    Total calculated
    $182,591
    From this org
    $167,372
    From related orgs
    $0
    Other
    $15,219
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,372
    Bonus
    $0
    Other
    $0
    Deferred
    $8,735
    Nontaxable benefits
    $6,484
    Filer's total
    $182,591
  • Cory Washington

    HEAD OF SCHOOLS

    Total calculated
    $184,838
    From this org
    $172,644
    From related orgs
    $0
    Other
    $12,194
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,644
    Bonus
    $0
    Other
    $0
    Deferred
    $5,024
    Nontaxable benefits
    $7,170
    Filer's total
    $184,838

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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 CHICAGO

    501(C)(3) · NO ACTIVITY, SEE EXPLANATION IN PART VII · IL

Provenance

Return type
form_990
Tax year
2024
Filed
27 April 2026
IRS schema version
2024v5.5
Source object
202611209349302321

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