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Nonprofiteer
← KIPP PHILADELPHIA OCTAVIUS CATTO CHARTER SCHOOL

Form 990 for tax year 2023

Filed by KIPP PHILADELPHIA OCTAVIUS CATTO CHARTER SCHOOL.

Totals

Total revenue
$6,947,292
Total expenses
$7,511,161
Contributions and grants received
$2,389,785
Grants paid
$0
Program service revenue
$4,557,191
Investment income
$316
Other revenue
$0
Total assets, end of year
$13,357,202
Total liabilities, end of year
$16,783,219
Net assets or fund balances, end of year
-$3,426,017
Program services expenses (Part IX)
$6,150,678
Management and general expenses
$1,360,483
Fundraising expenses
$0
Program service expenses (Part III)
$6,150,678

Program services were 81.9% 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)

    $513,717

  • 1f · All other contributions, gifts and grants

    $1,876,068

  • 2a · Program service revenue: LOCAL EDUCATIONAL AGEN

    total $4,266,461 · related or exempt $4,266,461

  • 2b · Program service revenue: FOOD SERVICE

    total $282,836 · related or exempt $282,836

  • 2c · Program service revenue: STUDENT FEES

    total $7,894 · related or exempt $7,894

  • 3 · Investment income

    total $316 · excluded $316

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $170,014 · management and general $170,014

  • 7 · Other salaries and wages

    total $1,950,328 · program services $1,586,274 · management and general $364,054

  • 8 · Pension plan contributions

    total $97,216 · program services $84,262 · management and general $12,954

  • 9 · Other employee benefits

    total $294,785 · program services $274,357 · management and general $20,428

  • 10 · Payroll taxes

    total $178,496 · program services $138,438 · management and general $40,058

  • 11a · Fees: management

    total $511,975 · management and general $511,975

  • 11b · Fees: legal

    total $15,684 · program services $15,684

  • 11c · Fees: accounting

    total $56,818 · management and general $56,818

  • 11g · Fees: other

    total $736,934 · program services $733,673 · management and general $3,261

  • 13 · Office expenses

    total $7,265 · management and general $7,265

  • 14 · Information technology

    total $48,511 · program services $35,699 · management and general $12,812

  • 16 · Occupancy

    total $673,992 · program services $673,992

  • 17 · Travel

    total $139,039 · program services $22,855 · management and general $116,184

  • 20 · Interest

    total $978,857 · program services $978,857

  • 22 · Depreciation, depletion and amortization

    total $1,070,532 · program services $1,070,532

  • 23 · Insurance

    total $44,660 · management and general $44,660

  • 24a · Other expenses: FOOD SERVICES

    total $260,734 · program services $260,734

  • 24b · Other expenses: BOOKS, PERIODICALS & SU

    total $203,240 · program services $203,240

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $72,081 · program services $72,081

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $232,698 · end of year $163,554

  • 2 · Savings and temporary cash investments

    beginning of year $4,004 · end of year $4,006

  • 4 · Accounts receivable

    beginning of year $208,930 · end of year $190,570

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,587 · end of year $2,181

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

    $2,962,452

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

    $503,059

  • 10c · Land, buildings and equipment, net

    beginning of year $2,547,365 · end of year $2,459,393

  • 15 · Other assets

    beginning of year $11,436,102 · end of year $10,537,498

  • 17 · Accounts payable and accrued expenses

    beginning of year $881,384 · end of year $457,091

  • 24 · Unsecured notes and loans payable

    beginning of year $1,938,521 · end of year $1,865,268

  • 25 · Other liabilities

    beginning of year $14,631,687 · end of year $14,460,860

  • 29 · Capital stock, trust principal or current funds

    beginning of year -$2,824,888 · end of year -$2,615,859

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year -$195,018 · end of year -$860,267

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $50,109

Mission and programs · 2023

Mission

TOGETHER WITH FAMILIES AND COMMUNITIES, WE CREATE JOYFUL, ACADEMICALLY EXCELLENT SCHOOLS THAT PREPARE STUDENTS WITH THE SKILLS AND CONFIDENCE THEY NEED TO PURSUE THE PATHS THEY CHOOSE - COLLEGE, CAREER, AND BEYOND - SO THEY CAN LEAD FULFILLING LIVES AND BUILD A MORE JUST WORLD.

Activities or mission (Part I)

A PUBLIC SCHOOL SERVICING STUDENTS IN KINDERGARTEN - 2ND GRADE.

  • A PUBLIC SCHOOL SERVING STUDENTS IN KINDERGARTEN - 2ND GRADE. WE SERVE 300 STUDENTS THROUGHOUT PHILADELPHIA. WE PROVIDE THE CRITICAL RESOURCES NEEDED TO SUPPORT THE SOCIAL-EMOTIONAL HEALTH OF OUR STUDENTS, FAMILIES, ALUMNI, AND STAFF.

    Expenses $6,150,678 · Revenue $4,557,191

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

Listed in Part VII

  • Samantha Wilson-Jones

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Ann Aerts

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Bernard Cummings

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Amanda Keyes

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Chris Johnson

    BOARD MEMBER (UNTIL 9/2023)

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Gail Lewis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Herschel Richman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Toya Algarin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Anthony Fullard

    BOARD MEMBER (AS OF 7/2023)

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Tia Llopiz

    BOARD MEMBER (AS OF 7/2023)

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Crystal Hardie Langston

    BOARD MEMBER (AS OF 7/2023)

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Kelly Jones

    BOARD MEMBER (AS OF 7/2023)

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Matthew Rankin

    SCHOOL LEADER (UNTIL 7/5/24)

    Total calculated
    $160,330
    From this org
    $128,401
    From related orgs
    $0
    Other
    $31,929
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $126,901
    Bonus
    $1,500
    Other
    $0
    Deferred
    $6,766
    Nontaxable benefits
    $25,163
    Filer's total
    $160,330

  • Sabrina Leggett

    ASSISTANT PRINCIPAL

    Total calculated
    $128,375
    From this org
    $103,205
    From related orgs
    $0
    Other
    $25,170
    Hours/week
    50

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 committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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 7
THE SCHOOL PROVIDED NON FIXED PAYMENTS IN THE FORM OF BONUSES THAT WERE BASED ON PERFORMANCE REVIEWS IN FY24.

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.

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
12 May 2025
IRS schema version
2023v6.0
Source object
202501339349307480

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