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← KIPP DC PUBLIC CHARTER SCHOOLS

Form 990 for tax year 2023

Filed by KIPP DC PUBLIC CHARTER SCHOOLS.

Totals

Total revenue
$243,036,556
Total expenses
$232,541,308
Contributions and grants received
$47,415,112
Grants paid
$6,326,659
Program service revenue
$186,623,264
Investment income
$7,456,414
Other revenue
$1,541,766
Total assets, end of year
$493,765,186
Total liabilities, end of year
$297,978,306
Net assets or fund balances, end of year
$195,786,880
Program services expenses (Part IX)
$205,158,716
Management and general expenses
$25,083,744
Fundraising expenses
$2,298,848
Program service expenses (Part III)
$205,158,716

Program services were 88.2% 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

    $237,995

  • 1d · Related organizations

    $64,706

  • 1e · Government grants (contributions)

    $45,509,218

  • 1f · All other contributions, gifts and grants

    $1,603,193

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

    total $184,604,760 · related or exempt $184,604,760

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

    total $2,018,504 · related or exempt $2,018,504

  • 3 · Investment income

    total $6,780,540 · excluded $6,780,540

  • 6a · Gross rents

    real property $740,196

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $740,196

  • 6d · Net rental income or loss

    total $740,196 · excluded $740,196

  • 7a · Gross sales of assets other than inventory

    securities $37,122,084

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

    securities $36,446,210

  • 7c · Gain or loss

    securities $675,874

  • 7d · Net gain or loss

    total $675,874 · excluded $675,874

  • 8a · Fundraising events: gross income

    $0

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

    $237,995

  • 8b · Fundraising events: direct expenses

    $113,645

  • 8c · Net income from fundraising events

    total -$113,645 · excluded -$113,645

  • 11a · Other revenue: BAD DEBT RECOVERY

    total $401,217 · excluded $401,217

  • 11b · Other revenue: OTHER INCOME

    total $196,560 · excluded $196,560

  • 11c · Other revenue: STUDENT FEES

    total $167,446 · related or exempt $167,446

  • 11d · All other revenue

    total $149,992 · related or exempt $25,156 · excluded $124,836

  • 11e · Other revenue, total

    $915,215

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 $326,659 · program services $326,659

  • 5 · Compensation of officers, directors and key employees

    total $1,435,295 · program services $929,058 · management and general $506,237

  • 7 · Other salaries and wages

    total $121,540,402 · program services $109,088,502 · management and general $11,012,882 · fundraising $1,439,018

  • 8 · Pension plan contributions

    total $6,886,640 · program services $6,161,212 · management and general $631,095 · fundraising $94,333

  • 9 · Other employee benefits

    total $8,358,986 · program services $7,469,041 · management and general $776,985 · fundraising $112,960

  • 10 · Payroll taxes

    total $9,512,849 · program services $8,486,515 · management and general $897,923 · fundraising $128,411

  • 11b · Fees: legal

    total $139,106 · program services $68,816 · management and general $69,887 · fundraising $403

  • 11c · Fees: accounting

    total $691,793 · program services $342,230 · management and general $347,557 · fundraising $2,006

  • 11f · Fees: investment management

    total $146,751 · management and general $146,751

  • 11g · Fees: other

    total $14,356,625 · program services $13,590,840 · management and general $763,113 · fundraising $2,672

  • 13 · Office expenses

    total $4,279,255 · program services $3,550,650 · management and general $715,719 · fundraising $12,886

  • 14 · Information technology

    total $1,572,622 · program services $777,976 · management and general $790,085 · fundraising $4,561

  • 16 · Occupancy

    total $7,307,197 · program services $6,158,611 · management and general $1,148,586

  • 17 · Travel

    total $112,317 · program services $43,794 · management and general $63,594 · fundraising $4,929

  • 19 · Conferences, conventions and meetings

    total $3,684,801 · program services $1,155,062 · management and general $2,515,238 · fundraising $14,501

  • 20 · Interest

    total $9,071,026 · program services $9,071,026

  • 22 · Depreciation, depletion and amortization

    total $13,678,221 · program services $13,678,221

  • 23 · Insurance

    total $2,156,299 · management and general $2,156,299

  • 24a · Other expenses: DIRECT STUDENT EXPENSE

    total $11,696,440 · program services $11,696,353 · fundraising $87

  • 24b · Other expenses: FOOD SERVICE

    total $6,126,696 · program services $6,126,696

  • 24c · Other expenses: CHARTER BOARD ADMIN FEE

    total $1,896,817 · management and general $1,896,817

  • 24d · Other expenses: OTHER EXPENSES

    total $1,564,511 · program services $437,454 · management and general $644,976 · fundraising $482,081

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $331,400 · end of year $802,822

  • 2 · Savings and temporary cash investments

    beginning of year $54,182,622 · end of year $67,296,081

  • 3 · Pledges and grants receivable

    beginning of year $17,975,564 · end of year $16,128,069

  • 4 · Accounts receivable

    beginning of year $3,289,402 · end of year $3,020,369

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,822,037 · end of year $2,498,491

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

    $377,761,317

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

    $92,237,430

  • 10c · Land, buildings and equipment, net

    beginning of year $294,139,767 · end of year $285,523,887

  • 11 · Investments: publicly traded securities

    beginning of year $75,117,378 · end of year $79,797,538

  • 15 · Other assets

    beginning of year $40,633,886 · end of year $38,697,929

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,462,139 · end of year $15,806,232

  • 19 · Deferred revenue

    beginning of year $619,314 · end of year $923,233

  • 20 · Tax-exempt bond liabilities

    beginning of year $242,680,414 · end of year $237,147,345

  • 23 · Secured mortgages and notes payable

    beginning of year $10,205,945 · end of year $10,271,214

  • 25 · Other liabilities

    beginning of year $34,844,267 · end of year $33,830,282

  • 27 · Net assets without donor restrictions

    beginning of year $182,307,167 · end of year $194,810,423

  • 28 · Net assets with donor restrictions

    beginning of year $1,372,810 · end of year $976,457

Mission and programs · 2023

Mission

KIPP DC IS A NETWORK OF HIGH-PERFORMING PUBLIC SCHOOLS IN WASHINGTON, D.C. THAT EDUCATES MORE THAN 7,500 STUDENTS. KIPP DC SCHOOLS EDUCATE AND SUPPORT STUDENTS IN THE DISTRICT OF COLUMBIA WHO HAVE HISTORICALLY HAD LIMITED ACCESS TO QUALITY EDUCATIONAL OPTIONS. (CONT'D ON SCH O) WE ARE GROUNDED IN A COMMITMENT TO EXCELLENCE. WE BELIEVE ALL STUDENTS DESERVE RIGOROUS, ENGAGING, AND JOYFUL LEARNING EXPERIENCESLED BY TALENTED EDUCATORS AND STAFF, SUPPORTED BY SAFE AND NURTURING ENVIRONMENTS, AND DESIGNED TO BUILD A STRONG SENSE OF BELONGING AND READINESS FOR 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.

  • KIPP DC IS CONSISTENTLY AMONG THE HIGHEST-PERFORMING PREK-12 PUBLIC SCHOOL SYSTEMS IN THE DISTRICT OF COLUMBIA. IN ADDITION TO OPERATING HIGH-PERFORMING SCHOOLS, KIPP DC IS SUPPORTED BY 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 $205,158,716 · Grants $6,326,659 · Revenue $186,815,866

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SUSAN SCHAEFFLER

    MEMBER, CEO

    Total calculated
    $385,810
    From this org
    $357,256
    From related orgs
    $0
    Other
    $28,554
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $327,256
    Bonus
    $30,000
    Other
    $0
    Deferred
    $25,808
    Nontaxable benefits
    $2,746
    Filer's total
    $385,810

  • ANTONIA OVIEDO

    MEMBER/TEACHER THRU 10/2023

    Total calculated
    $82,205
    From this org
    $68,593
    From related orgs
    $0
    Other
    $13,612
    Hours/week
    50

  • TONY LEWIS

    CHAIR, MEMBER

    Total calculated
    $0
    Hours/week
    3

  • JOHN DUFF

    TREASURER, MEMBER

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • 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

    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

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL PICKRUM

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARQUIVIOUS THOMAS

    MEMBER (AS OF 10/2023)

    Total calculated
    $0
    Hours/week
    1

  • LAURA O'SHAUGHNESSY

    MEMBER (AS OF 10/2023)

    Total calculated
    $0
    Hours/week
    1

  • MARQUIVIOUS THOMAS

    VICE PRINCIPAL/ MEMBER

    Total calculated
    $89,894
    From this org
    $75,748
    From related orgs
    $0
    Other
    $14,146
    Hours/week
    50

  • SHANNON HODGE

    PRESIDENT

    Total calculated
    $300,901
    From this org
    $274,016
    From related orgs
    $0
    Other
    $26,885
    Hours/week
    50 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $274,016
    Bonus
    $0
    Other
    $0
    Deferred
    $16,730
    Nontaxable benefits
    $10,155
    Filer's total
    $300,901

  • JUSTIN ELLIS

    CHIEF FINANCIAL OFFICER

    Total calculated
    $268,340
    From this org
    $245,534
    From related orgs
    $0
    Other
    $22,806
    Hours/week
    50 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $245,534
    Bonus
    $0
    Other
    $0
    Deferred
    $14,191
    Nontaxable benefits
    $8,615
    Filer's total
    $268,340

  • KATIE COLE

    SECRETARY, GEN. COUNSEL THRU 8/2023

    Total calculated
    $146,537
    From this org
    $138,242
    From related orgs
    $0
    Other
    $8,295
    Hours/week
    50 + 1 related

  • SARAH JANE FORMAN

    SECRETARY, GEN. COUNSEL EFF. 8/2023

    Total calculated
    $75,664
    From this org
    $68,261
    From related orgs
    $0
    Other
    $7,403
    Hours/week
    50 + 1 related

  • SUSAN TOTH

    CHIEF ACADEMIC OFFICER

    Total calculated
    $272,147
    From this org
    $248,789
    From related orgs
    $0
    Other
    $23,358
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $248,789
    Bonus
    $0
    Other
    $0
    Deferred
    $14,993
    Nontaxable benefits
    $8,365
    Filer's total
    $272,147

  • SAUMIL SHAH

    CHIEF INFO. & OPERATIONS OFFICER

    Total calculated
    $271,072
    From this org
    $247,760
    From related orgs
    $0
    Other
    $23,312
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $247,760
    Bonus
    $0
    Other
    $0
    Deferred
    $14,933
    Nontaxable benefits
    $8,379
    Filer's total
    $271,072

  • JACQUE PATTERSON

    CHIEF COMMUNITY ENGAGEMENT & GROWTH OFFICER

    Total calculated
    $238,842
    From this org
    $224,022
    From related orgs
    $0
    Other
    $14,820
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $224,022
    Bonus
    $0
    Other
    $0
    Deferred
    $13,575
    Nontaxable benefits
    $2,563
    Filer's total
    $240,160

  • TOM CLARK

    CHIEF STRATEGY & ADVANCEMENT OFFICER

    Total calculated
    $241,923
    From this org
    $217,896
    From related orgs
    $0
    Other
    $24,027
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $217,896
    Bonus
    $0
    Other
    $0
    Deferred
    $13,031
    Nontaxable benefits
    $10,996
    Filer's total
    $241,923

  • MICHAEL CORDELL

    PRINCIPAL

    Total calculated
    $242,954
    From this org
    $199,614
    From related orgs
    $0
    Other
    $43,340
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $199,614
    Bonus
    $0
    Other
    $0
    Deferred
    $13,091
    Nontaxable benefits
    $30,248
    Filer's total
    $242,953

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
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202521329349304012

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