Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $67,640,658

• 1f · All other contributions, gifts and grants

  $2,310,274

• 2a · Program service revenue: FOOD SERVICE

  total $43,628 · related or exempt $43,628

• 3 · Investment income

  total $2,195,622 · excluded $2,195,622

• 11a · Other revenue: SUBLEASE INCOME

  total $180,000 · excluded $180,000

• 11e · Other revenue, total

  $180,000

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $26,831,531 · program services $23,650,300 · management and general $3,181,231

• 8 · Pension plan contributions

  total $4,932,471 · program services $4,347,662 · management and general $584,809

• 9 · Other employee benefits

  total $3,392,144 · program services $3,097,968 · management and general $294,176

• 10 · Payroll taxes

  total $2,298,420 · program services $2,025,912 · management and general $272,508

• 11b · Fees: legal

  total $56,586 · management and general $56,586

• 11c · Fees: accounting

  total $105,100 · management and general $105,100

• 11g · Fees: other

  total $9,894,443 · program services $3,051,136 · management and general $6,486,743 · fundraising $356,564

• 13 · Office expenses

  total $2,945,503 · program services $2,945,503

• 16 · Occupancy

  total $9,954,155 · program services $8,773,959 · management and general $1,180,196

• 22 · Depreciation, depletion and amortization

  total $4,877,135 · program services $4,298,886 · management and general $578,249

• 23 · Insurance

  total $502,372 · management and general $502,372

• 24a · Other expenses: SUPPLIES

  total $3,629,776 · program services $2,297,350 · management and general $1,332,426

• 24b · Other expenses: TPAF EXPENSES

  total $3,336,127 · program services $2,940,585 · management and general $395,542

• 24c · Other expenses: FOOD SERVICE EXPENSES

  total $2,127,730 · program services $2,127,730

• 24d · Other expenses: OTHER PURCHASED SERVICE

  total $857,818 · program services $857,818

• 24e · All other expenses

  total $249,701 · program services $249,701

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $47,869,881 · end of year $26,771,734

• 3 · Pledges and grants receivable

  beginning of year $7,208,371 · end of year $4,021,032

• 9 · Prepaid expenses and deferred charges

  beginning of year $71,009 · end of year $464,558

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

  $149,034,124

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

  $17,755,214

• 10c · Land, buildings and equipment, net

  beginning of year $128,714,415 · end of year $131,278,910

• 11 · Investments: publicly traded securities

  end of year $11,530,310

• 15 · Other assets

  beginning of year $27,819,378 · end of year $31,169,378

• 17 · Accounts payable and accrued expenses

  beginning of year $13,368,695 · end of year $3,464,740

• 19 · Deferred revenue

  end of year $382,678

• 20 · Tax-exempt bond liabilities

  beginning of year $84,130,000 · end of year $84,130,000

• 23 · Secured mortgages and notes payable

  beginning of year $84,833,155 · end of year $84,072,505

• 25 · Other liabilities

  beginning of year $24,052,061 · end of year $31,507,686

• 29 · Capital stock, trust principal or current funds

  beginning of year $17,957,577 · end of year $18,242,666

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

  beginning of year -$12,658,434 · end of year -$16,564,353

• 31 · Retained earnings, endowment or other funds

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

PART I, LINE 3

THE EXECUTIVE DIRECTOR IS COMPENSATED BY KIPP TEAM AND FAMILY SCHOOLS.

Disregarded entities

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

• KCNA PROJECT LLC

  FACILITATE CONSTRUCTION PROJECTS FOR KCNA · NJ · income $0 · assets $0

  Directly controlled by KIPP COOPER NORCROSS INC