Skip to content
Nonprofiteer
← KIPP DC SUPPORTING CORP

Form 990 for tax year 2023

Filed by KIPP DC SUPPORTING CORP.

Totals

Total revenue
$6,120,185
Total expenses
$125,914
Contributions and grants received
$6,000,000
Grants paid
$64,706
Program service revenue
$0
Investment income
$120,185
Other revenue
$0
Total assets, end of year
$14,750,749
Total liabilities, end of year
$50,637
Net assets or fund balances, end of year
$14,700,112
Program services expenses (Part IX)
$79,573
Management and general expenses
$46,341
Fundraising expenses
$0
Program service expenses (Part III)
$79,573

Program services were 63.2% 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.

  • 1d · Related organizations

    $6,000,000

  • 3 · Investment income

    total $120,185 · excluded $120,185

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $64,706 · program services $64,706

  • 11b · Fees: legal

    total $10,611 · management and general $10,611

  • 11c · Fees: accounting

    total $28,091 · management and general $28,091

  • 11g · Fees: other

    total $14,867 · program services $14,867

  • 23 · Insurance

    total $7,639 · management and general $7,639

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $153,687 · end of year $6,154,349

  • 7 · Other notes and loans receivable

    beginning of year $8,596,400 · end of year $8,596,400

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,246 · end of year $48,147

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,490

  • 27 · Net assets without donor restrictions

    beginning of year $8,705,841 · end of year $14,700,112

Mission and programs · 2023

Mission

THE KIPP DC SC IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL AND/OR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTIONS 501(C)(3) AND 170(C)(2) OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW (THE G CODE H). SPECIFICALLY, THE OBJECTS AND PURPOSES TO BE TRANSACTED, PROMOTED, AND CARRIED ON BY THE CORPORATION ARE AS FOLLOWS:(1) RAISING FUNDS TO PROVIDE FUNDS FOR THE BENEFIT OF, AND TO SUPPORT ALL ASPECTS OF THE MISSION OF, TO KIPP DC PCS (2) ACQUIRING, HOLDING AND MANAGING ASSETS FOR USE BY TO KIPP DC PCS WHERE DOING SO MAY RESULT IN LOWER COSTS OR GREATER EFFICIENCIES FOR TO KIPP DC PCS AND(3) PURSUING ANY OTHER PURPOSES WHICH A NONPROFIT CORPORATION ORGANIZED UNDER THE ACT AND DESCRIBED IN SECTION 501(C)(3) OF THE CODE IS LEGALLY ENTITLED TO PURSUE, PROVIDED THAT SUCH PURPOSES MUST FURTHER THE PURPOSE SET FORTH IN SUB-ARTICLES (1) AND (2) ABOVE.

Activities or mission (Part I)

THE KIPP DC SC IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL AND/OR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTIONS 501(C)(3) AND 170(C)(2) OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW (THE G CODE H). SPECIFICALLY, THE OBJECTS AND PURPOSES TO BE TRANSACTED, PROMOTED, AND CARRIED ON BY THE CORPORATION ARE AS FOLLOWS:(1) RAISING FUNDS TO PROVIDE FUNDS FOR THE BENEFIT OF, AND TO SUPPORT ALL ASPECTS OF THE MISSION OF, TO KIPP DC PCS (2) ACQUIRING, HOLDING AND MANAGING ASSETS FOR USE BY TO KIPP DC PCS WHERE DOING SO MAY RESULT IN LOWER COSTS OR GREATER EFFICIENCIES FOR TO KIPP DC PCS AND(3) PURSUING ANY OTHER PURPOSES WHICH A NONPROFIT CORPORATION ORGANIZED UNDER THE ACT AND DESCRIBED IN SECTION 501(C)(3) OF THE CODE IS LEGALLY ENTITLED TO PURSUE, PROVIDED THAT SUCH PURPOSES MUST FURTHER THE PURPOSE SET FORTH IN SUB ]ARTICLES (1) AND (2) ABOVE.

  • KIPP DC SC WILL PROVIDE SUPPORT TO KIPP DC PUBLIC CHARTER SCHOOL'S TEACHER RETENTION INITIATIVE TO RETAIN KIPP DC LEAD TEACHERS AT KIPP DC PUBLIC CHARTER SCHOOLS

    Expenses $79,573 · Grants $64,706

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

Listed in Part VII

  • David Endom

    CHAIR AND SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Alex Shawe

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • John Duff

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Stephanie Kapsis

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Dea Watkins

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Shannon Hodge

    PRESIDENT, KIPP DC PCS (PRESIDENT)

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

    Schedule J breakdown matched by us

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

  • Justin Ellis

    TREASURER/CFO-KIPP DC PCS

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

    Schedule J breakdown matched by us

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

  • Katie Cole

    SECRETARY, GEN. COUNSEL THRU 8/2023

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

  • Sarah Jane Forman

    SECRETARY, GEN. COUNSEL EFF. 8/2023

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

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

The filer's explanations (Part III)

PART I, LINE 3
KIPP DC SUPPORTING CORP. DOES NOT COMPENSATE ANY INDIVIDUALS SHOWN IN PART VII OF THE FORM 990. ALL COMPENSATION SHOWN IN PART VII IS PAID BY KIPP DC PUBLIC CHARTER SCHOOLS, A RELATED ORGANIZATION. THE FOLLOWING IS THE METHODOLOGY USED BY KIPP DC PUBLIC CHARTER SCHOOLS IN DETERMINING THE COMPENSATION ITS CEO: 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'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
12 May 2025
IRS schema version
2023v6.0
Source object
202511349349305396

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.