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Nonprofiteer
← KIPP NASHVILLE

Form 990 for tax year 2022

Filed by KIPP NASHVILLE.

Totals

Total revenue
$64,308,283
Total expenses
$55,342,054
Contributions and grants received
$62,873,901
Grants paid
$0
Program service revenue
$0
Investment income
$1,159,735
Other revenue
$274,647
Total assets, end of year
$167,948,627
Total liabilities, end of year
$111,202,289
Net assets or fund balances, end of year
$56,746,338
Program services expenses (Part IX)
$41,848,574
Management and general expenses
$13,163,530
Fundraising expenses
$329,950
Program service expenses (Part III)
$41,848,574

Program services were 75.6% 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

    $367,930

  • 1e · Government grants (contributions)

    $57,086,880

  • 1f · All other contributions, gifts and grants

    $5,419,091

  • 3 · Investment income

    total $1,159,735 · excluded $1,159,735

  • 8a · Fundraising events: gross income

    $0

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

    $367,930

  • 8b · Fundraising events: direct expenses

    $76,326

  • 8c · Net income from fundraising events

    total -$76,326 · excluded -$76,326

  • 11a · Other revenue: SCHOOL ACTIVITY FEES

    total $350,973 · related or exempt $350,973

  • 11e · Other revenue, total

    $350,973

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $749,644 · program services $562,233 · management and general $187,411

  • 6 · Compensation of disqualified persons

    total $26,537,054 · program services $19,902,790 · management and general $6,634,264

  • 8 · Pension plan contributions

    total $1,774,557 · program services $1,330,918 · management and general $443,639

  • 9 · Other employee benefits

    total $2,486,672 · program services $1,865,004 · management and general $621,668

  • 10 · Payroll taxes

    total $2,598,120 · program services $1,948,590 · management and general $649,530

  • 11b · Fees: legal

    total $1,133,594 · program services $226,719 · management and general $906,875

  • 11c · Fees: accounting

    total $201,035 · program services $40,207 · management and general $160,828

  • 11g · Fees: other

    total $1,197,854 · program services $239,569 · management and general $958,285

  • 13 · Office expenses

    total $1,435,203 · program services $1,363,443 · management and general $71,760

  • 16 · Occupancy

    total $2,257,518 · program services $1,918,890 · management and general $338,628

  • 20 · Interest

    total $2,993,990 · program services $2,844,289 · management and general $149,701

  • 22 · Depreciation, depletion and amortization

    total $3,145,165 · program services $1,887,099 · management and general $1,258,066

  • 24a · Other expenses: INSTRUCTIONAL

    total $5,277,356 · program services $5,277,356

  • 24b · Other expenses: TRANSPORTATION

    total $1,244,892 · program services $1,244,892

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $1,067,577 · program services $1,014,198 · management and general $53,379

  • 24d · Other expenses: AUTHORIZED USER FEES

    total $620,644 · program services $124,129 · management and general $496,515

  • 24e · All other expenses

    total $621,179 · program services $58,248 · management and general $232,981 · fundraising $329,950

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,120,177 · end of year $42,502,658

  • 3 · Pledges and grants receivable

    beginning of year $8,656,808 · end of year $1,669,492

  • 4 · Accounts receivable

    beginning of year $597,679 · end of year $285,413

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,143,595 · end of year $4,707,838

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

    $65,095,975

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

    $10,914,371

  • 10c · Land, buildings and equipment, net

    beginning of year $50,714,108 · end of year $54,181,604

  • 11 · Investments: publicly traded securities

    beginning of year $267,601 · end of year $292,935

  • 12 · Investments: other securities

    end of year $47,459,627

  • 14 · Intangible assets

    beginning of year $4,911,879 · end of year $4,167,240

  • 15 · Other assets

    beginning of year $16,889,545 · end of year $12,681,820

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,569,290 · end of year $3,422,654

  • 19 · Deferred revenue

    beginning of year $400,000 · end of year $200,000

  • 23 · Secured mortgages and notes payable

    beginning of year $47,954,502 · end of year $100,825,098

  • 25 · Other liabilities

    beginning of year $11,992,797 · end of year $6,754,537

  • 27 · Net assets without donor restrictions

    beginning of year $40,538,054 · end of year $53,980,308

  • 28 · Net assets with donor restrictions

    beginning of year $6,846,749 · end of year $2,766,030

Mission and programs · 2022

Mission

THE MISSION OF KIPP NASHVILLE IS TO CULTIVATE IN ITS STUDENTS THE CHARACTER AND ACADEMIC SKILLS NEEDED TO SUCCEED IN RIGOROUS HIGH SCHOOLS AND COLLEGES, AND TO BECOME PRODUCTIVE CITIZENS IN THE WORLD BEYOND.

Activities or mission (Part I)

SERVE EDUCATIONALLY UNDERSERVED STUDENTS

  • KIPP NASHVILLE BEGAN 19 YEARS AGO WITH A VISION TO ESTABLISH SCHOOLS IN WHICH EVERY CHILD GROWS UP FREE TO CREATE THE FUTURE THEY WANT FOR THEMSELVES AND THEIR COMMUNITIES. THE NETWORK NOW OPERATES EIGHT FREE PUBLIC CHARTER SCHOOLS IN NASHVILLE SERVING MORE THAN 3,300 STUDENTS IN GRADES K-12. OVER THE PAST TWO DECADES, KIPP NASHVILLE HAS DEMONSTRATED THAT CHILDREN FROM HISTORICALLY UNDERSERVED COMMUNITIES CAN EXCEL ACADEMICALLY. SEVERAL OF OUR SCHOOLS HAVE BEEN RECOGNIZED AS A REWARD SCHOOL FOR STUDENT GROWTH AND OUR HIGH SCHOOL GRADUATION RATE IS 100%. ALSO, KIPP ALUMNI ARE ON TRACK TO GRADUATE COLLEGE AT TWICE THE RATE OF THEIR PEERS. WE CONTINUE TO WORK DILIGENTLY TO SERVE OUR STUDENTS AS WE PREPARE TO OPEN TWO NEW SCHOOLS DURING THE NEXT TWO YEARS.

  • Expenses $41,848,574

As filed on the 2022 return.

Listed in Part VII

  • JEFF MCGRUDER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • J ANDREW GODDARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CAMIQUEKA FULLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ELIZABETH DENNIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KARL DEAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TOM WYLLY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JIM FLAUTT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHRIS BARBIC

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CYNTHIA ARNHOLT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ED LITTLEJOHN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BETH HARWELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM SEIBELS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • RICK MARTIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TIFFANY RUSS

    CHIEF OF SCHOOLS

    Total calculated
    $164,826
    From this org
    $139,845
    From related orgs
    $0
    Other
    $24,981
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,845
    Bonus
    $0
    Other
    $0
    Deferred
    $17,718
    Nontaxable benefits
    $7,263
    Filer's total
    $164,826

  • RANDY DOWELL

    EXECUTIVE DIRECTOR

    Total calculated
    $293,390
    From this org
    $248,836
    From related orgs
    $0
    Other
    $44,554
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,836
    Bonus
    $0
    Other
    $0
    Deferred
    $30,993
    Nontaxable benefits
    $13,561
    Filer's total
    $293,390

  • LINDSAY WRIGHT

    CHIEF TALENT OFFICER

    Total calculated
    $168,576
    From this org
    $137,855
    From related orgs
    $0
    Other
    $30,721
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,855
    Bonus
    $0
    Other
    $0
    Deferred
    $17,170
    Nontaxable benefits
    $13,551
    Filer's total
    $168,576

  • ADRIANNA CLEMONS

    CHIEF OPERATING OFFICER

    Total calculated
    $180,073
    From this org
    $148,070
    From related orgs
    $0
    Other
    $32,003
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,070
    Bonus
    $0
    Other
    $0
    Deferred
    $18,442
    Nontaxable benefits
    $13,561
    Filer's total
    $180,073

  • CAREY PEEK

    CHIEF FINANCIAL OFFICER

    Total calculated
    $88,755
    From this org
    $75,038
    From related orgs
    $0
    Other
    $13,717
    Hours/week
    40

  • ANDREA MENDEZ

    HEAD OF SCHOOLS - OPERATIO

    Total calculated
    $143,401
    From this org
    $123,654
    From related orgs
    $0
    Other
    $19,747
    Hours/week
    40

  • MARC GAUTHIER

    PRINCIPAL

    Total calculated
    $138,993
    From this org
    $127,391
    From related orgs
    $0
    Other
    $11,602
    Hours/week
    40

  • KATHERINE BAKER

    HEAD OF SCHOOLS - ELEMENTA

    Total calculated
    $160,696
    From this org
    $134,996
    From related orgs
    $0
    Other
    $25,700
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,996
    Bonus
    $0
    Other
    $0
    Deferred
    $12,150
    Nontaxable benefits
    $13,550
    Filer's total
    $160,696

  • HEWITT BERRY BROOKS

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $160,337
    From this org
    $134,996
    From related orgs
    $0
    Other
    $25,341
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $134,996
    Bonus
    $0
    Other
    $0
    Deferred
    $12,150
    Nontaxable benefits
    $13,191
    Filer's total
    $160,337

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
25 April 2024
IRS schema version
2022v5.0
Source object
202441169349300349

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