Totals
- Total revenue
- $28,293,281
- Total expenses
- $26,497,858
- Contributions and grants received
- $27,816,591
- Grants paid
- $0
- Program service revenue
- $21,654
- Investment income
- $128,404
- Other revenue
- $326,632
- Total assets, end of year
- $21,214,730
- Total liabilities, end of year
- $13,582,835
- Net assets or fund balances, end of year
- $7,631,895
- Program services expenses (Part IX)
- $17,171,116
- Management and general expenses
- $9,175,562
- Fundraising expenses
- $151,180
- Program service expenses (Part III)
- $17,171,116
Program services were 64.8% 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)
$25,722,856
-
1f · All other contributions, gifts and grants
$2,093,735
-
2a · Program service revenue: OTHER PROGRAM REVENUE
total $15,377 · related or exempt $15,377
-
2b · Program service revenue: STUDENT FEES
total $6,277 · related or exempt $6,277
-
3 · Investment income
total $128,404 · excluded $128,404
-
11a · Other revenue: OTHER INCOME
total $326,632 · related or exempt $326,632
-
11e · Other revenue, total
$326,632
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $207,100 · program services $111,313 · management and general $95,787
-
7 · Other salaries and wages
total $13,426,923 · program services $7,135,517 · management and general $6,140,226 · fundraising $151,180
-
8 · Pension plan contributions
total $911,962 · program services $498,437 · management and general $413,525
-
9 · Other employee benefits
total $1,564,662 · program services $870,590 · management and general $694,072
-
10 · Payroll taxes
total $990,777 · program services $564,563 · management and general $426,214
-
11b · Fees: legal
total $35,991 · management and general $35,991
-
11c · Fees: accounting
total $217,936 · management and general $217,936
-
11g · Fees: other
total $2,044,685 · program services $1,437,882 · management and general $606,803
-
12 · Advertising and promotion
total $126,941 · management and general $126,941
-
14 · Information technology
total $377,431 · program services $377,431
-
16 · Occupancy
total $87,538 · program services $87,538
-
20 · Interest
total $555,447 · program services $555,447
-
22 · Depreciation, depletion and amortization
total $1,175,176 · program services $1,175,176
-
23 · Insurance
total $98,073 · program services $98,073
-
24a · Other expenses: STUDENT MEALS & LUNCHES
total $1,884,968 · program services $1,884,968
-
24b · Other expenses: SUPPLIES & MATERIALS
total $829,685 · program services $605,241 · management and general $224,444
-
24c · Other expenses: JANITORIAL
total $562,731 · program services $562,731
-
24d · Other expenses: EXTRA-CURRICULAR
total $541,702 · program services $541,702
-
24e · All other expenses
total $858,130 · program services $664,507 · management and general $193,623
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,689,765 · end of year $7,193,209
-
2 · Savings and temporary cash investments
beginning of year $1,170,074 · end of year $1,174,545
-
3 · Pledges and grants receivable
beginning of year $630,654 · end of year $372,582
-
4 · Accounts receivable
beginning of year $83,035 · end of year $156,943
-
9 · Prepaid expenses and deferred charges
beginning of year $82,524 · end of year $102,601
-
10a · Land, buildings and equipment: cost or other basis
$16,878,164
-
10b · Land, buildings and equipment: accumulated depreciation
$4,836,922
-
10c · Land, buildings and equipment, net
beginning of year $12,517,379 · end of year $12,041,242
-
15 · Other assets
beginning of year $287,045 · end of year $173,608
-
17 · Accounts payable and accrued expenses
beginning of year $2,341,728 · end of year $1,878,364
-
19 · Deferred revenue
beginning of year $426,500 · end of year $148,734
-
23 · Secured mortgages and notes payable
beginning of year $11,568,434 · end of year $11,381,726
-
25 · Other liabilities
beginning of year $287,342 · end of year $174,011
-
27 · Net assets without donor restrictions
beginning of year $4,669,146 · end of year $6,472,004
-
28 · Net assets with donor restrictions
beginning of year $1,167,326 · end of year $1,159,891
Mission and programs · 2023
Mission
KIPP INDY IS A NETWORK OF TUITION-FREE, OPEN-ENROLLMENT, COLLEGE PREPARATORY, PUBLIC CHARTER SCHOOLS. KIPP INDY'S MISSION IS TO CREATE A NETWORK OF SCHOOLS THAT PROVIDES EDUCATIONALLY UNDERSERVED CHILDREN WITH A RIGOROUS EDUCATION THAT BUILDS THE DESIRE AND ABILITY NECESSARY TO THRIVE IN COLLEGE AND BEYOND.
Activities or mission (Part I)
KIPP INDIANAPOLIS, INC. (KIPP INDY) IS A NETWORK OF TUITION-FREE, OPEN-ENROLLMENT, COLLEGE PREPARATORY, PUBLIC CHARTER SCHOOLS.
-
THE ACADEMIC PROGRAM OF THE SCHOOLS IS DESIGNED TO CHALLENGE EVERY STUDENT TO ACHIEVE ON OR ABOVE GRADE LEVEL PERFORMANCE IN ALL ACADEMIC SUBJECTS. WHILE STUDENTS MAY ENTER THE SCHOOLS BELOW GRADE LEVEL IN MANY AREAS, THE SCHOOLS ARE PREPARED FOR THE CHALLENGE OF EQUIPPING STUDENTS WITH THE KNOWLEDGE, SKILLS, AND HABITS NECESSARY FOR SUCCESS IN AN ACADEMICALLY RIGOROUS COLLEGE PREPARATORY HIGH SCHOOL. THE SCHOOLS' CURRICULUMS ARE BASED UPON THE INDIANA ACADEMIC STANDARDS AND ARE TAUGHT RIGOROUSLY TO ENSURE THAT STUDENTS ARE PREPARED FOR A COLLEGE PREPARATORY HIGH SCHOOL UPON COMPLETION OF THE 8TH GRADE. THE SCHOOLS PROVIDE AN AGE-APPROPRIATE CURRICULUM FOR READING, LANGUAGE ARTS, MATH, SCIENCE, AND SOCIAL STUDIES AT EACH GRADE LEVEL AND ALL STUDENTS ARE ENROLLED IN PHYSICAL EDUCATION. TEACHERS ALSO LEAD AN ADVISORY ROLE, WHICH CONSISTS OF INSTRUCTION IN THE VALUES, LIFE SKILLS, AND STUDY SKILLS.
Expenses $17,171,116 · Revenue $348,286
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Addison SimpsonADDISON SIMPSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andra LiepaANDRA LIEPA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Barato BrittBARATO BRITT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brian GarrisonBRIAN GARRISON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David RosenbergDAVID ROSENBERG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jim KellerJIM KELLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jimmy RayfordJIMMY RAYFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John MartinJOHN MARTIN
FINANCE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jordan RodriguezJORDAN RODRIGUEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Melinda ShapiroMELINDA SHAPIRO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Melissa BoromMELISSA BOROM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nicole ElamNICOLE ELAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Randie DialRANDIE DIAL
VICE BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Regina CrossREGINA CROSS
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Sally SchachtSALLY SCHACHT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Stanley ChenSTANLEY CHEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andrew SeibertANDREW SEIBERT
EXECUTIVE DIRECTOR
- Total calculated
- $218,760
- From this org
- $199,110
- From related orgs
- $0
- Other
- $19,650
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,910
- Bonus
- $16,200
- Other
- $0
- Deferred
- $12,707
- Nontaxable benefits
- $6,943
- Filer's total
- $218,760
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
- 2023
- Filed
- 12 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433489349300233
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