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Nonprofiteer
← KIPP TEXAS FUTURE FUND

Form 990 for tax year 2022

Filed by KIPP TEXAS FUTURE FUND.

Totals

Total revenue
$2,194,208
Total expenses
$432,604
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$2,194,208
Other revenue
$0
Total assets, end of year
$117,603,105
Total liabilities, end of year
$65,100
Net assets or fund balances, end of year
$117,538,005
Program services expenses (Part IX)
$0
Management and general expenses
$432,604
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Kent Wallace

    Chair

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Gene Austin

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Bill Boyar

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Peter Brodsky

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jayshree Desai

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sehba Z Ali

    CEO KIPP Texas, Inc.

    Total calculated
    $498,594
    From this org
    $0
    From related orgs
    $463,103
    Other
    $35,491
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $403,362 related
    Bonus
    $0 + $59,691 related
    Other
    $0 + $50 related
    Deferred
    $0 + $27,809 related
    Nontaxable benefits
    $0 + $7,682 related
    Filer's total
    $0 + $498,594 related

  • Son Nam Han

    CFO KIPP Texas, Inc.

    Total calculated
    $328,987
    From this org
    $0
    From related orgs
    $295,412
    Other
    $33,575
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $268,644 related
    Bonus
    $0 + $26,768 related
    Other
    $0
    Deferred
    $0 + $24,298 related
    Nontaxable benefits
    $0 + $9,277 related
    Filer's total
    $0 + $328,987 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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • PHILO Houston LLC

    Financial assistance to charter schools in Houston · DE · income $0 · assets $0

    Directly controlled by KIPP Texas Future Fund

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202421289349303537

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