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Nonprofiteer
← KIPP DC PUBLIC CHARTER SCHOOLS

Form 990 for tax year 2024

Filed by KIPP DC PUBLIC CHARTER SCHOOLS.

Totals

Total revenue
$263,067,055
Total expenses
$248,884,064
Contributions and grants received
$31,616,329
Grants paid
$6,445,514
Program service revenue
$222,339,875
Investment income
$8,071,345
Other revenue
$1,039,506
Total assets, end of year
$519,296,251
Total liabilities, end of year
$308,206,765
Net assets or fund balances, end of year
$211,089,486
Program services expenses (Part IX)
$219,810,960
Management and general expenses
$28,536,598
Fundraising expenses
$536,506
Program service expenses (Part III)
$219,810,960

Program services were 88.3% 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.

  • 1c · Fundraising events

    $221,570

  • 1d · Related organizations

    $169,185

  • 1e · Government grants (contributions)

    $28,022,095

  • 1f · All other contributions, gifts and grants

    $3,203,479

  • 1g · Noncash contributions included above

    $182,155

  • 2a · Program service revenue: PUPIL ALLOCATION & FEE

    total $217,437,262 · related or exempt $217,437,262

  • 2b · Program service revenue: SCHOOL-BASED HLTH CARE

    total $4,902,613 · related or exempt $4,902,613

  • 3 · Investment income

    total $7,117,656 · excluded $7,117,656

  • 6a · Gross rents

    real property $14,850

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $14,850

  • 6d · Net rental income or loss

    total $14,850 · excluded $14,850

  • 7a · Gross sales of assets other than inventory

    securities $45,969,308

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

    securities $45,015,619

  • 7c · Gain or loss

    securities $953,689

  • 7d · Net gain or loss

    total $953,689 · excluded $953,689

  • 8a · Fundraising events: gross income

    $0

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

    $221,570

  • 8b · Fundraising events: direct expenses

    $110,456

  • 8c · Net income from fundraising events

    total -$110,456 · excluded -$110,456

  • 11a · Other revenue: FRAUD RECOVERY

    total $680,611 · excluded $680,611

  • 11b · Other revenue: STUDENT FEES

    total $258,924 · related or exempt $258,924

  • 11c · Other revenue: PROGRAM INCOME

    total $103,688 · excluded $103,688

  • 11d · All other revenue

    total $91,889 · excluded $91,889

  • 11e · Other revenue, total

    $1,135,112

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,000,000 · program services $6,000,000

  • 2 · Grants to domestic individuals

    total $445,514 · program services $445,514

  • 5 · Compensation of officers, directors and key employees

    total $1,458,684 · program services $854,766 · management and general $603,918

  • 7 · Other salaries and wages

    total $128,014,426 · program services $115,709,285 · management and general $11,904,093 · fundraising $401,048

  • 8 · Pension plan contributions

    total $6,559,375 · program services $6,067,220 · management and general $470,367 · fundraising $21,788

  • 9 · Other employee benefits

    total $9,883,292 · program services $9,099,230 · management and general $751,644 · fundraising $32,418

  • 10 · Payroll taxes

    total $10,695,358 · program services $9,840,389 · management and general $819,981 · fundraising $34,988

  • 11b · Fees: legal

    total $182,500 · program services $102,957 · management and general $79,543

  • 11c · Fees: accounting

    total $513,957 · program services $289,948 · management and general $224,009

  • 11f · Fees: investment management

    total $162,027 · management and general $162,027

  • 11g · Fees: other

    total $15,006,138 · program services $14,322,145 · management and general $683,993

  • 13 · Office expenses

    total $4,517,772 · program services $3,543,974 · management and general $962,826 · fundraising $10,972

  • 14 · Information technology

    total $1,741,233 · program services $879,528 · management and general $861,705

  • 16 · Occupancy

    total $9,019,646 · program services $7,311,851 · management and general $1,707,795

  • 17 · Travel

    total $116,479 · program services $69,449 · management and general $42,106 · fundraising $4,924

  • 19 · Conferences, conventions and meetings

    total $4,051,948 · program services $1,492,634 · management and general $2,557,208 · fundraising $2,106

  • 20 · Interest

    total $8,856,907 · program services $8,856,907

  • 22 · Depreciation, depletion and amortization

    total $14,673,582 · program services $14,673,582

  • 23 · Insurance

    total $3,308,678 · management and general $3,308,678

  • 24a · Other expenses: DIRECT STUDENT EXPENSE

    total $12,266,500 · program services $12,266,500

  • 24b · Other expenses: FOOD SERVICE

    total $6,450,721 · program services $6,450,721

  • 24c · Other expenses: OTHER EXPENSES

    total $2,702,732 · program services $1,534,360 · management and general $1,140,110 · fundraising $28,262

  • 24d · Other expenses: CHARTER BOARD ADMIN FEE

    total $2,256,595 · management and general $2,256,595

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $802,822 · end of year $551,643

  • 2 · Savings and temporary cash investments

    beginning of year $67,296,081 · end of year $87,488,149

  • 3 · Pledges and grants receivable

    beginning of year $16,128,069 · end of year $12,223,535

  • 4 · Accounts receivable

    beginning of year $3,020,369 · end of year $4,497,950

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,498,491 · end of year $3,773,547

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

    $387,622,359

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

    $106,326,468

  • 10c · Land, buildings and equipment, net

    beginning of year $285,523,887 · end of year $281,295,891

  • 11 · Investments: publicly traded securities

    beginning of year $79,797,538 · end of year $84,954,960

  • 15 · Other assets

    beginning of year $38,697,929 · end of year $44,510,576

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,806,232 · end of year $23,545,448

  • 19 · Deferred revenue

    beginning of year $923,233 · end of year $14,697

  • 20 · Tax-exempt bond liabilities

    beginning of year $237,147,345 · end of year $231,422,743

  • 23 · Secured mortgages and notes payable

    beginning of year $10,271,214 · end of year $10,336,621

  • 25 · Other liabilities

    beginning of year $33,830,282 · end of year $42,887,256

  • 27 · Net assets without donor restrictions

    beginning of year $194,810,423 · end of year $209,720,289

  • 28 · Net assets with donor restrictions

    beginning of year $976,457 · end of year $1,369,197

Mission and programs · 2024

Mission

KIPP DC IS THE LARGEST PUBLIC CHARTER SCHOOL NETWORK IN WASHINGTON, D.C., SERVING MORE THAN 7,300 STUDENTS FROM PREK-12TH GRADE. WE ARE DEDICATED TO SUPPORTING STUDENTS WHO HAVE HISTORICALLY LACKED ACCESS TO HIGH-QUALITY EDUCATIONAL OPPORTUNITIES. (CONT'D ON SCH O) OUR SCHOOLS ARE BUILT ON A FOUNDATION OF EXCELLENCE, PROVIDING RIGOROUS AND JOYFUL LEARNING ENVIRONMENTS WHERE TALENTED EDUCATORS FOSTER A DEEP SENSE OF BELONGING WHILE PREPARING EVERY STUDENT FOR SUCCESS IN COLLEGE AND BEYOND.

Activities or mission (Part I)

TOGETHER WITH FAMILIES AND COMMUNITIES, KIPP DC SCHOOLS CREATE JOYFUL (CONT'D ON SCH O) 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 BUILD A MORE JUST WORLD.

  • IN ADDITION TO PROVIDING ACADEMICALLY RIGOROUS AND JOY-FILLED LEARNING ENVIRONMENTS, KIPP DC OFFERS TWO CRITICAL PROGRAMS CENTRAL TO THE GOAL OF SUPPORTING STUDENTS AND ALUMNI PURSUING THE PATHS THEY CHOOSE: KIPP FORWARD AND THE CAPITAL TEACHING RESIDENCY. KIPP FORWARD SUPPORTS STUDENTS AND ALUMNI AS THEY PURSUE THEIR CHOSEN PATHS BY HELPING THEM NAVIGATE APPLICATION AND ENROLLMENT PROCESSES, ACCESS SCHOLARSHIPS AND FINANCIAL AID, AND CONNECT WITH COUNSELORS AND ADVISORS FOR GUIDANCE THROUGH COLLEGE, CAREER, AND BEYOND. THE CAPITAL TEACHING RESIDENCY IS AN AWARD-WINNING TEACHER TRAINING PROGRAM THAT BUILDS A STRONG PIPELINE OF HIGHLY EFFECTIVE EDUCATORS IN THE DISTRICT OF COLUMBIA.

    Expenses $219,810,960 · Grants $6,445,514 · Revenue $222,598,799

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

Listed in Part VII

  • Susan Schaeffler

    MEMBER, CEO

    Total calculated
    $400,772
    From this org
    $362,887
    From related orgs
    $0
    Other
    $37,885
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $332,887
    Bonus
    $30,000
    Other
    $0
    Deferred
    $27,869
    Nontaxable benefits
    $10,016
    Filer's total
    $400,772

  • Tony Lewis

    CHAIR, MEMBER

    Total calculated
    $0
    Hours/week
    3

  • John Duff

    TREASURER, MEMBER THRU 12/2024

    Total calculated
    $0
    Hours/week
    2

  • David Bradley

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carol Ludwig

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Pamela Yee

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Martin Rodgers

    MEMBER THRU 7/2024

    Total calculated
    $0
    Hours/week
    1

  • Shaniola Arowolaju

    MEMBER/PARENT

    Total calculated
    $0
    Hours/week
    1

  • Judson Starr

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Reginald Workman

    MEMBER/PARENT

    Total calculated
    $0
    Hours/week
    1

  • Barry Caldwell

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rashad Young

    MEMBER THRU 7/2024

    Total calculated
    $0
    Hours/week
    1

  • Michael Pickrum

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dionne Cooley

    MEMBER/TEACHER (AS OF 10/2024)

    Total calculated
    $0
    Hours/week
    1

  • Laura O'Shaughnessy

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brandon Woods

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Katherine Hunter

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ed Engles

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Shannon Hodge

    PRESIDENT

    Total calculated
    $312,274
    From this org
    $282,653
    From related orgs
    $0
    Other
    $29,621
    Hours/week
    50 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $282,653
    Bonus
    $0
    Other
    $0
    Deferred
    $17,232
    Nontaxable benefits
    $12,389
    Filer's total
    $312,274

  • Justin Ellis

    CHIEF FINANCIAL OFFICER

    Total calculated
    $278,701
    From this org
    $254,419
    From related orgs
    $0
    Other
    $24,282
    Hours/week
    50 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $254,419
    Bonus
    $0
    Other
    $0
    Deferred
    $13,495
    Nontaxable benefits
    $10,787
    Filer's total
    $278,701

  • Sarah Jane Forman

    SECRETARY, GEN. COUNSEL

    Total calculated
    $240,051
    From this org
    $216,050
    From related orgs
    $0
    Other
    $24,001
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $216,050
    Bonus
    $0
    Other
    $0
    Deferred
    $13,252
    Nontaxable benefits
    $10,749
    Filer's total
    $240,051

  • Saumil Shah

    CHIEF OPERATIONS OFFICER

    Total calculated
    $279,795
    From this org
    $255,090
    From related orgs
    $0
    Other
    $24,705
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $255,090
    Bonus
    $0
    Other
    $0
    Deferred
    $15,380
    Nontaxable benefits
    $9,325
    Filer's total
    $279,795

  • Susan Toth

    SUPERINTENDENT

    Total calculated
    $294,279
    From this org
    $269,414
    From related orgs
    $0
    Other
    $24,865
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $259,414
    Bonus
    $10,000
    Other
    $0
    Deferred
    $15,554
    Nontaxable benefits
    $9,311
    Filer's total
    $294,279

  • Jacque Patterson

    CHIEF COMMUNITY ENGAGEMENT & GROWTH

    Total calculated
    $247,354
    From this org
    $232,298
    From related orgs
    $0
    Other
    $15,056
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $232,298
    Bonus
    $0
    Other
    $0
    Deferred
    $13,982
    Nontaxable benefits
    $1,074
    Filer's total
    $247,354

  • Tom Clark

    CHIEF STRATEGY & ADVANCEMENT

    Total calculated
    $263,205
    From this org
    $237,508
    From related orgs
    $0
    Other
    $25,697
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $235,508
    Bonus
    $2,000
    Other
    $0
    Deferred
    $13,604
    Nontaxable benefits
    $12,093
    Filer's total
    $263,205

  • Jami Dunham

    CHIEF EQUITY & INCLUSION OFFICER

    Total calculated
    $235,254
    From this org
    $221,937
    From related orgs
    $0
    Other
    $13,317
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $221,937
    Bonus
    $0
    Other
    $0
    Deferred
    $13,317
    Nontaxable benefits
    $0
    Filer's total
    $235,254

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 survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD CHAIR LEADS THE PROCESS FOR RECOMMENDING THE COMPENSATION LEVEL FOR THE CEO AND THE FULL BOARD OF DIRECTORS APPROVES THE FINAL CEO COMPENSATION LEVEL. THE CHAIR CONSIDERS THE FOLLOWING FACTORS IN DEVELOPING THE RECOMMENDED CEO COMPENSATION: COMPARABLE DATA INCLUDING DATA FROM OTHER KIPP REGIONS AND AN ANALYSIS BY A NATIONAL CHARTER SCHOOL FUNDER ON CEO COMPENSATION RELATIVE TO GEOGRAPHY AS WELL AS NUMBER OF SCHOOLS; THE CHANGE IN SCALE AND SCOPE OF THE ORGANIZATION; THE ORGANIZATION'S PERFORMANCE AS WELL AS STUDENT PERFORMANCE; THE CEO'S PRIOR COMPENSATION; AND THE FINANCIAL ABILITY OF THE ORGANIZATION TO PAY THE RECOMMENDED COMPENSATION.
PART I, LINE 7
BONUSES WERE MANAGEMENT-APPROVED BASED ON THE INDIVIDUAL'S PERFORMANCE.

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
25 June 2026
IRS schema version
2024v5.5
Source object
202611769349300146

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