Totals
- Total revenue
- $29,831,220
- Total expenses
- $30,052,609
- Contributions and grants received
- $26,287,459
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $121,808
- Other revenue
- $3,421,953
- Total assets, end of year
- $19,096,506
- Total liabilities, end of year
- $5,232,809
- Net assets or fund balances, end of year
- $13,863,697
- Program services expenses (Part IX)
- $25,071,205
- Management and general expenses
- $4,981,404
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $25,071,205
Program services were 83.4% 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.
-
1e · Government grants (contributions)
$24,399,812
-
1f · All other contributions, gifts and grants
$1,887,647
-
3 · Investment income
total $121,808 · excluded $121,808
-
11a · Other revenue: INTERNAL SERVICES FEE
total $2,825,365 · related or exempt $2,825,365
-
11b · Other revenue: ERATE
total $459,291 · related or exempt $459,291
-
11c · Other revenue: OTHER REVENUE
total $137,297 · related or exempt $137,297
-
11e · Other revenue, total
$3,421,953
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $413,977 · program services $351,880 · management and general $62,097
-
7 · Other salaries and wages
total $12,689,951 · program services $10,131,946 · management and general $2,558,005
-
8 · Pension plan contributions
total $1,001,715 · program services $801,633 · management and general $200,082
-
9 · Other employee benefits
total $911,736 · program services $727,728 · management and general $184,008
-
10 · Payroll taxes
total $942,645 · program services $772,441 · management and general $170,204
-
11b · Fees: legal
total $42,386 · program services $160 · management and general $42,226
-
11g · Fees: other
total $4,702,267 · program services $4,096,496 · management and general $605,771
-
12 · Advertising and promotion
total $25,630 · program services $5,283 · management and general $20,347
-
13 · Office expenses
total $1,373,319 · program services $497,355 · management and general $875,964
-
16 · Occupancy
total $5,242,916 · program services $5,224,517 · management and general $18,399
-
17 · Travel
total $10,459 · program services $5,971 · management and general $4,488
-
20 · Interest
total $27,017 · management and general $27,017
-
22 · Depreciation, depletion and amortization
total $208,585 · program services $208,585
-
23 · Insurance
total $93,932 · program services $70 · management and general $93,862
-
24a · Other expenses: INSTRUCTIONAL MATERIALS
total $1,148,640 · program services $1,077,750 · management and general $70,890
-
24b · Other expenses: FOOD SERVICES
total $739,994 · program services $739,994
-
24c · Other expenses: OTHERS EXPENSES
total $243,607 · program services $195,563 · management and general $48,044
-
24d · Other expenses: DUES AND MEMBERSHIPS
total $233,833 · program services $233,833
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $5,609,149 · end of year $3,499,934
-
3 · Pledges and grants receivable
beginning of year $3,914,062 · end of year $5,712,715
-
9 · Prepaid expenses and deferred charges
beginning of year $6,402
-
10a · Land, buildings and equipment: cost or other basis
$2,852,268
-
10b · Land, buildings and equipment: accumulated depreciation
$1,344,419
-
10c · Land, buildings and equipment, net
beginning of year $1,116,724 · end of year $1,507,849
-
11 · Investments: publicly traded securities
beginning of year $2,909,635 · end of year $3,108,021
-
15 · Other assets
beginning of year $10,912,109 · end of year $5,267,987
-
17 · Accounts payable and accrued expenses
beginning of year $1,747,319 · end of year $2,680,433
-
19 · Deferred revenue
beginning of year $1,107,798 · end of year $458,441
-
25 · Other liabilities
beginning of year $7,527,878 · end of year $2,093,935
-
29 · Capital stock, trust principal or current funds
beginning of year $14,085,086 · end of year $13,863,697
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
KIPP MEMPHIS PUBLIC SCHOOLS (KMPS) IS PART OF THE KIPP NON-PROFIT NETWORK OF COLLEGE-PREPARATORY, PUBLIC CHARTER SCHOOLS. KMPS BUILDS A PARTNERSHIP AMONG PARENTS, STUDENTS, AND TEACHERS THAT PUTS LEARNING FIRST. BY PROVIDING OUTSTANDING EDUCATORS, MORE TIME IN SCHOOL LEARNING, AND A STRONG CULTURE OF ACHIEVEMENT, KMPS HELPS ALL STUDENTS CLIMB THE MOUNTAIN TO AND THROUGH COLLEGE.
Activities or mission (Part I)
OVERSEES THE QUALITY, SUSTAINABILITY, AND GROWTH OF KIPP SCHOOLS IN MEMPHIS.
-
CHARTER SCHOOL OPERATION: TO PROVIDE INNER-CITY YOUTH COLLEGE-PREPARATORY PUBLIC EDUCATION WITH EMPHASIS ON STRONG ACADEMICS, CHARACTER DEVELOPMENT, AND SUPPORT WITH THE COLLEGE ADMISSIONS PROCESS. CURRENTLY OPERATING FOUR SCHOOLS AND EDUCATING NEARLY 1,300 STUDENTS IN MEMPHIS.
Expenses $25,071,205
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mikara DavisMIKARA DAVIS
GOVERNANCE CHAIR/ BOARD CH
- Total calculated
- $0
- Hours/week
- 4
-
Dr Laritha SweetDR LARITHA SWEET
FINANCE CHAIR/TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Dorsey HobsonDORSEY HOBSON
VICE BOARD CHAIR/GOVERNANCE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Desiree Lyles-WallaceDESIREE LYLES-WALLACE
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Cheryl GreenCHERYL GREEN
ACADEMIC EXCELLENCE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Alfred AndersonALFRED ANDERSON
OPERATIONS & FACILITIES CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Amity SchuylerAMITY SCHUYLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Talia PalacioTALIA PALACIO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sabrina DawsonSABRINA DAWSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Roquel CrutcherROQUEL CRUTCHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Holly ColemanHOLLY COLEMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Antonio BurtANTONIO BURT
EXECUTIVE DIRECTOR
- Total calculated
- $260,056
- From this org
- $237,500
- From related orgs
- $0
- Other
- $22,556
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $237,500
- Bonus
- $0
- Other
- $0
- Deferred
- $22,556
- Nontaxable benefits
- $0
- Filer's total
- $260,056
-
Angela CarrANGELA CARR
CHIEF FINANCIAL OFFICER
- Total calculated
- $142,425
- From this org
- $133,832
- From related orgs
- $0
- Other
- $8,593
- Hours/week
- 50
-
Sheila GatsonSHEILA GATSON
MANAGING DIRECTOR OF FINAN
- Total calculated
- $106,198
- From this org
- $102,538
- From related orgs
- $0
- Other
- $3,660
- Hours/week
- 50
-
Laquita TateLAQUITA TATE
MANAGING DIRECTOR OF TEACHING AND LEARNING
- Total calculated
- $121,333
- From this org
- $103,696
- From related orgs
- $0
- Other
- $17,637
- Hours/week
- 50
-
Canidra McGuireCANIDRA MCGUIRE
CHIEF OPERATIONS OFFICER
- Total calculated
- $128,799
- From this org
- $112,416
- From related orgs
- $0
- Other
- $16,383
- Hours/week
- 50
-
Lisca BrooksLISCA BROOKS
CHIEF OF SCHOOLS
- Total calculated
- $124,854
- From this org
- $108,680
- From related orgs
- $0
- Other
- $16,174
- Hours/week
- 50
-
Tracy BrittmonTRACY BRITTMON
CHIEF HUMAN RESOURCES OFFICER
- Total calculated
- $130,125
- From this org
- $115,544
- From related orgs
- $0
- Other
- $14,581
- Hours/week
- 50
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 · Written employment contract
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 19 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323549349300347
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