Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $147,807,725

• 1f · All other contributions, gifts and grants

  $194,769

• 1g · Noncash contributions included above

  $126,080

• 2a · Program service revenue: STUDENT ACTIVITIES

  total $425,497 · related or exempt $425,497

• 3 · Investment income

  total $56 · excluded $56

• 11a · Other revenue: OTHER REVENUE

  total $592,793 · excluded $592,793

• 11e · Other revenue, total

  $592,793

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $28,570 · program services $28,570

• 5 · Compensation of officers, directors and key employees

  total $1,159,628 · program services $1,159,628

• 7 · Other salaries and wages

  total $75,859,720 · program services $75,859,720

• 8 · Pension plan contributions

  total $2,237,982 · program services $2,237,982

• 9 · Other employee benefits

  total $11,493,414 · program services $11,493,414

• 10 · Payroll taxes

  total $5,668,553 · program services $5,668,553

• 11a · Fees: management

  total $17,592,854 · management and general $17,592,854

• 11b · Fees: legal

  total $132,174 · program services $132,174

• 11c · Fees: accounting

  total $113,042 · management and general $113,042

• 11g · Fees: other

  total $2,288,488 · program services $2,288,488

• 12 · Advertising and promotion

  total $305,639 · program services $305,639

• 13 · Office expenses

  total $1,546,960 · program services $1,546,960

• 14 · Information technology

  total $3,728,232 · program services $3,728,232

• 16 · Occupancy

  total $11,106,509 · program services $11,106,509

• 20 · Interest

  total $18,780 · program services $18,780

• 22 · Depreciation, depletion and amortization

  total $2,260,682 · program services $2,260,682

• 23 · Insurance

  total $1,003,291 · management and general $1,003,291

• 24a · Other expenses: STUDENT SUPPLIES AND MA

  total $5,727,449 · program services $5,727,449

• 24b · Other expenses: PROFESSIONAL DEVELOPMEN

  total $1,823,071 · program services $1,823,071

• 24c · Other expenses: STUDENT SERVICES

  total $1,429,668 · program services $1,429,668

• 24d · Other expenses: EQUIPMENT AND MAINTENAN

  total $888,017 · program services $888,017

• 24e · All other expenses

  total $447,704 · program services $63,361 · management and general $384,343

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $14,661,002 · end of year $11,328,875

• 3 · Pledges and grants receivable

  beginning of year $8,122,752 · end of year $6,387,050

• 9 · Prepaid expenses and deferred charges

  beginning of year $6,553,654 · end of year $7,435,477

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

  $22,406,548

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

  $15,746,384

• 10c · Land, buildings and equipment, net

  beginning of year $6,610,756 · end of year $6,660,164

• 15 · Other assets

  beginning of year $0 · end of year $42,972,138

• 17 · Accounts payable and accrued expenses

  beginning of year $5,041,633 · end of year $4,714,012

• 19 · Deferred revenue

  end of year $166,332

• 23 · Secured mortgages and notes payable

  beginning of year $245,803

• 24 · Unsecured notes and loans payable

  beginning of year $300,000 · end of year $300,000

• 25 · Other liabilities

  beginning of year $7,558,744 · end of year $45,594,170

• 27 · Net assets without donor restrictions

  beginning of year $22,493,248 · end of year $23,936,723

• 28 · Net assets with donor restrictions

  beginning of year $308,736 · end of year $72,467

The filer's explanations (Part III)

PART I, LINE 7

THE EXECUTIVE LEADERSHIP IS ELIGIBLE TO RECEIVE A BONUS. THE AMOUNT OF THE BONUS IS DETERMINED BY THE BOARD OF DIRECTORS AND BASED ON ESTABLISHED WRITTEN GOALS AND OBJECTIVES. MANAGEMENT EMPLOYEES ARE ALSO ELIGIBLE TO RECEIVE A BONUS THAT IS APPROVED BY THE CEO AND CFO BASED ON ESTABLISHED WRITTEN GOALS AND OBJECTIVES. FOR BOTH EXECUTIVE LEADERSHIP AND MANAGEMENT, THE DELIBERATION AND FINAL DETERMINATION IS TIMELY APPROVED AND DOCUMENTED.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• KIPP STAR COLLEGE PREP CHARTER SCHOOL

  CHARTER SCHOOL · NY · income $17,085,805 · assets $3,339,982

  Directly controlled by KIPP NYC PUBLIC CHARTER SCHOOLS

• KIPP NYC WASHINGTON HEIGHTS ACADEMY CHARTER SCHOOL

  CHARTER SCHOOL · NY · income $18,538,350 · assets $6,233,313

  Directly controlled by KIPP NYC PUBLIC CHARTER SCHOOLS

• KIPP ALWAYS MENTALLY PREPARED ACADEMY CHARTER SCHOOL

  CHARTER SCHOOL · NY · income $19,353,518 · assets $5,015,896

  Directly controlled by KIPP NYC PUBLIC CHARTER SCHOOLS

• KIPP INFINITY CHARTER SCHOOL

  CHARTER SCHOOL · NY · income $42,801,273 · assets $3,742,927

  Directly controlled by KIPP NYC PUBLIC CHARTER SCHOOLS

• KIPP FREEDOM CHARTER SCHOOL

  CHARTER SCHOOL · NY · income $15,421,315 · assets $3,889,582

  Directly controlled by KIPP NYC PUBLIC CHARTER SCHOOLS

• KIPP BRONX CHARTER SCHOOL II

  CHARTER SCHOOL · NY · income $9,101,104 · assets $10,876,470

  Directly controlled by KIPP NYC PUBLIC CHARTER SCHOOLS

• KIPP BRONX CHARTER SCHOOL III

  CHARTER SCHOOL · NY · income $21,948,161 · assets $34,390,963

  Directly controlled by KIPP NYC PUBLIC CHARTER SCHOOLS

• KIPP BEYOND CHARTER SCHOOL

  CHARTER SCHOOL · NY · income $4,676,908 · assets $5,703,885

  Directly controlled by KIPP NYC PUBLIC CHARTER SCHOOLS