Civic Intelligence

Kipp Austin Public Schools Inc

990 • Fiscal year 2021 • EIN 01-0639602

Jul 01, 2020 to Jun 30, 2021 • Filed on May 15, 2022

10711 KIPP WayHouston, TX 77099

(512) 501-3646

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.79x

Higher debt load relative to assets than 85% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Liabilities / Revenue

82nd percentile

1.42x

Higher debt load relative to revenue than 82% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Net Margin

52nd percentile

9.5%

Higher net margin than 52% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Top Officer Pay

30th percentile

$482,110

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Asset Growth

42nd percentile

10%

Faster asset growth than 42% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Revenue Growth

60th percentile

14%

Faster revenue growth than 60% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Assets

Up

$707,973,583

Up $66,669,917 (+10%) from 2020

Net Assets

Up

$146,231,113

Up $37,791,157 (+35%) from 2020

Liabilities

Up

$561,742,470

Up $28,878,760 (+5.4%) from 2020

Revenue

Up

$396,005,607

Up $49,670,025 (+14%) from 2020

Expenses

Up

$358,566,000

Up $28,028,441 (+8.5%) from 2020

Net Income

Up

$37,439,607

Up $21,641,584 (+137%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0B$500M$0Assets 2010: $5,496,957Liabilities 2010: $753,649Net Assets 2010: $4,743,3082010Assets 2011: $6,677,172Liabilities 2011: $1,167,682Net Assets 2011: $5,509,4902011Assets 2012: $16,352,336Liabilities 2012: $9,987,420Net Assets 2012: $6,364,9162012Assets 2013: $28,036,354Liabilities 2013: $20,413,826Net Assets 2013: $7,622,5282013Assets 2014: $48,463,608Liabilities 2014: $32,496,229Net Assets 2014: $15,967,3792014Assets 2015: $83,919,935Liabilities 2015: $59,214,258Net Assets 2015: $24,705,6772015Assets 2016: $106,130,882Liabilities 2016: $77,360,379Net Assets 2016: $28,770,5032016Assets 2017: $105,246,428Liabilities 2017: $74,274,111Net Assets 2017: $30,972,3172017Assets 2018: $107,747,498Liabilities 2018: $72,141,327Net Assets 2018: $35,606,1712018Assets 2019: $489,652,901Liabilities 2019: $397,138,343Net Assets 2019: $92,514,5582019Assets 2020: $641,303,666Liabilities 2020: $532,863,710Net Assets 2020: $108,439,9562020Assets 2021: $707,973,583Liabilities 2021: $561,742,470Net Assets 2021: $146,231,1132021Assets 2022: $902,975,541Liabilities 2022: $740,080,220Net Assets 2022: $162,895,3212022Assets 2023: $893,335,799Liabilities 2023: $726,510,735Net Assets 2023: $166,825,0642023Assets 2024: $879,663,965Liabilities 2024: $703,363,245Net Assets 2024: $176,300,7202024

Highlighted filing

2021

Assets$707,973,583
Liabilities$561,742,470
Net Assets$146,231,113

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600M$400M$200M$0Expenses 2010: $9,399,2712010Expenses 2011: $13,664,9702011Expenses 2012: $17,254,8092012Revenue 2013: $23,677,418Expenses 2013: $22,419,806Net Income 2013: $1,257,6122013Revenue 2014: $38,774,688Expenses 2014: $30,429,837Net Income 2014: $8,344,8512014Revenue 2015: $42,368,274Expenses 2015: $33,729,976Net Income 2015: $8,638,2982015Revenue 2016: $50,782,146Expenses 2016: $46,717,320Net Income 2016: $4,064,8262016Revenue 2017: $56,022,764Expenses 2017: $53,820,950Net Income 2017: $2,201,8142017Revenue 2018: $61,380,759Expenses 2018: $56,746,905Net Income 2018: $4,633,8542018Revenue 2019: $319,356,486Expenses 2019: $306,227,637Net Income 2019: $13,128,8492019Revenue 2020: $346,335,582Expenses 2020: $330,537,559Net Income 2020: $15,798,0232020Revenue 2021: $396,005,607Expenses 2021: $358,566,000Net Income 2021: $37,439,6072021Revenue 2022: $457,788,377Expenses 2022: $440,837,310Net Income 2022: $16,951,0672022Revenue 2023: $484,508,851Expenses 2023: $480,760,038Net Income 2023: $3,748,8132023Revenue 2024: $482,438,123Expenses 2024: $473,172,761Net Income 2024: $9,265,3622024

Highlighted filing

2021

Revenue$396,005,607
Expenses$358,566,000
Net Income$37,439,607
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 15, 2022
Return Version
2020v4.2
Gross Receipts
$397,166,335
Mission and Program Overview

Mission

Together with our families and communities, KIPP Texas creates joyful, academically excellent schools that prepare our students to pursue any path they choose college, career, and beyond so they can lead fulfilling lives and build a more just world.

KIPP Texas Public Schools is an open-enrollment, public, tuition-free charter school network of 59 schools with nearly 34,000 pre-K-12 students across the state. Together with our families and communities, we create joyful, academically excellent schools that prepare our students to pursue any path they choose college, career, and beyond so they can lead fulfilling lives and build a more just world.An integral part of the KIPP Texas approach is KIPP Forward. KIPP Forward honors our promise to support our alumni to and through college and career completion by empowering alumni to continue to use their KIPP-developed scholarly habits, knowledge, and qualities of character to continue advancing and engaging with our communities.To learn more go to https://kipptexas.org/about/

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$416,269,840$479,905,743▲ $63,635,903
Cash and Non-Interest-Bearing Accounts$100,161,919$79,391,800▼ $20,770,119
Pledges and Grants Receivable$42,486,164$64,282,341▲ $21,796,177
Savings and Temporary Cash Investments$343,168$33,915,260▲ $33,572,092
Investments in Publicly Traded Securities$1,290,021$1,675,966▲ $385,945
Prepaid Expenses and Deferred Charges$1,185,841$1,129,408▼ $56,433
Accounts Receivable$1,202,884$698,749▼ $504,135
Total Assets$641,303,666$707,973,583▲ $66,669,917
Other Assets Total$78,363,829$46,974,316▼ $31,389,513
Liabilities
Tax Exempt Bond Liabilities$360,746,022$408,714,009▲ $47,967,987
Other Liabilities$67,593,124$64,895,297▼ $2,697,827
Accounts Payable and Accrued Expenses$73,671,165$58,111,233▼ $15,559,932
Unsecured Notes Loans Payable$28,500,000$28,500,000→ $0
Deferred Revenue$2,099,717$1,254,897▼ $844,820
Mortgage Notes Payable Secured by Investment Property$253,682$267,034▲ $13,352
Total Liabilities$532,863,710$561,742,470▲ $28,878,760
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$99,793,645$132,324,236▲ $32,530,591
Net Assets With Donor Restrictions$8,646,311$13,906,877▲ $5,260,566
Total Net Assets Fund Balance$108,439,956$146,231,113▲ $37,791,157
Total Liabilities and Net Assets / Fund Balance$641,303,666$707,973,583▲ $66,669,917

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$255,416,059$113,535,875$368,951,934
Other Land Buildings$147,648,199-$147,648,199
Land$72,354,367-$72,354,367
Equipment$4,487,118$17,688,042$22,175,160
Other Assets Org$1,870,945--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$609,455-▲ $112,194-$713,899
2019$558,491-▲ $54,848-$609,455
2018$506,193-▲ $62,510-$558,491
2017$614,256-▼ $89,795-$506,193
2016$546,705-▲ $91,588-$614,256
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sehba Z AliCEOFT$391,406$90,704$482,110
Jaideep HebbarCFO, CSOFT$285,600$75,926$361,526
Daphane CarterChief Academic OfficerFT$262,500$69,194$331,694
Larry GuilloryChief Administration OfficerFT$239,700$73,774$313,474
Kris CheungCOOFT$239,700$59,261$298,961
Jobina ScottChief Advancement OfficerFT$235,000$33,002$268,002
Daniel CaesarRegional SuperintendentFT$200,625$42,770$243,395
Eric KotDep Chief, OperationsFT$188,325$41,346$229,671
Herbert SmithRegional SuperintendentFT$191,946$37,112$229,058
Michele Autenrieth BrownDep Chief, Marketing & CommunicationsFT$201,067$18,623$219,690
Michele Autenrieth BrownDep Chief, Marketing & Communication-$154,859$64,831$219,690
Son HanDeputy CFOFT$181,125$37,819$218,944
Justin ScottRegional SuperintendentFT$180,000$37,958$217,958
Anthony SmithRegional SuperintendentFT$180,000$36,159$216,159
Charles Fimble JrDep Chief, Human ResourcesFT$168,912$35,359$204,271
Kenneth GoeddekeHead of SchoolsFT$163,633$34,581$198,214
Erin SlezakDep Chief, StrategyFT$163,535$34,011$197,546
Deedrah HarpDep Chief, Student ServicesFT$157,579$34,840$192,419
Eric ColemanRegional SuperintendentFT$153,077$30,945$184,022
Dayna SandersDep Chief, Curriculum & InstructionFT$147,696$29,298$176,994
Sarah GreenbergRegional Acad. Health DirectorFT$140,000$36,141$176,141

Board Members and Trustees

NameTitle
Bill BoyarChair
Gene AustinVice Chair
Alex SharmaDirector
Andrea RichardsonDirector
Arnold GreeneDirector
Dolores LozanoDirector
Duncan KlussmannDirector
Ethan PhillipsDirector
Jayshree DesaiDirector
Manolo SanchezDirector
Pepe GuevaraDirector
Peter BrodskyDirector
Shawn RaymondDirector
Steve ShookDirector
Velma VillegasDirector
William MollDirector
Gretchen MillerAssistant Secretary
Darla WhitakerSecretary
Kent WallaceTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Raymond Construction CoConstruction3100 Research Dr Ste 100, Richardson, TX 75802$17,811,907
Joeris General Contractors LtdGeneral Contractor823 Arion Parkway, San Antonio, TX 78216$13,814,107
Turner Construction CompanyConstruction13430 Northwest Frwy Ste 500, Houston, TX 77040$10,253,692
Sodexo IncCafeteria servicesPO Box 536922, Atlanta, GA 30353$8,836,514
First Student IncBus/Transportation22157 Network Place, Chicago, IL 60673$4,906,411
Revenue and Support

Revenue Composition

Contributions and Grants
$389,509,753
Program Service Revenue
$3,170,337
Investment Income
$2,684,938
Other Revenue
$640,579
All Other Contributions
$33,038,384
Change in Net Assets
$37,439,607

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$2,000,000Fair Market Value (FMV)
Securities Publicly Traded4$1,721,720Fair Market Value (FMV)
Clothing and Household Goods-$19,938Fair Market Value (FMV)
Other Non Cash Contri Table9$1,567Fair Market Value (FMV)
Total Noncash Contributions14$3,743,225-

Audited Revenue Reconciliation

Revenue per Audited Statements
$396,005,607
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$411,550
Total Revenue per Audited Statements
$396,417,157
Total Revenue per Form 990
$396,005,607
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$247,137,007
Other Expenses$110,666,757
Total Fundraising Expense$3,831,782
Grants and Similar Amounts Paid$653,308
Professional Fundraising Fees$108,928

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$190,208,731$12,226,151$2,156,701$204,591,583
Other Employee Benefits$23,268,645$1,321,794$194,315$24,784,754
Depreciation Depletion$14,986,851$895,102$116,287$15,998,240
Office Expenses$13,225,240$1,474,203$493,869$15,193,312
Interest$12,975,476$840,620$102,692$13,918,788
Information Technology$13,062,468$397,605$15,877$13,475,950
Pension Plan Contributions$9,775,336$443,871$94,180$10,313,387
Fees for Services Other$6,204,318$3,272,925$310,422$9,787,665
Occupancy$6,626,710$390,280$54,298$7,071,288
Current Officers, Directors, Trustees, and Key Employees$849,615$2,986,612-$3,836,227
Payroll Taxes$3,311,780$263,719$35,557$3,611,056
Insurance$641,845$2,069,548$5,080$2,716,473
Other Expenses$2,435,202$760,279$106,204$2,435,202
All Other Expenses$1,456,901$410,715$32,629$1,900,245
Grants to Domestic Individuals$653,308--$653,308
Fees for Services Legal$22,399$499,540$49$521,988
Conferences and Meetings$148,893$30,108$4,640$183,641
Fees for Services Accounting-$115,466-$115,466
Fees for Services Professional Fundraising--$108,928$108,928
Travel$14,689$12,908$54$27,651
Total Functional Expenses$326,322,772$28,411,446$3,831,782$358,566,000

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$358,626,000
Expenses per Audited Statements$358,566,000
Total Expenses per Form 990$358,566,000
Expenses Not Reported on Form 990$60,000
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$167,312
Fundraising Gross Income$160,393
Professional Fundraising Fees$108,928

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Houston Dinner$1,853,820$114,628$63,479$51,149
Austin KIPP Night Out$190,086$45,765$6,148$39,617
Total Events$2,043,906$160,393$167,312$-6,919
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Taxable bonds$63,024,352
Lease payable$1,870,945

Bond Issues

BondIssuerIssuedIssue PricePurpose
BArlington Higher Education Finance Corp2019-11-13$113,267,488Fund capital expenditures
AArlington Higher Education Finance Corp2018-11-13$102,982,703Fund capital expenditures
DCity of Houston Higher Education Finance Corp2015-05-19$80,153,143Refund Prior Debt
CArlington Higher Education Finance Corp2020-09-30$56,478,305Fund capital expenditures
CCity of Houston Higher Education Finance Corp2014-07-10$48,641,499Construct & Refund Prior Debt
ATexas Public Finance Authority2014-11-25$40,237,679Fund capital expenditures
BHilshire Village Higher Education Finance Corp2015-08-13$4,123,000Fund capital expenditures

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$113,267,488-$1,825,000$1,558,050
A$102,992,446-$550,000$1,432,353
D$80,153,143-$6,530,000$1,208,732
C$56,478,305--$1,017,330
C$48,641,499-$9,835,000$912,851
A$40,244,893$31,867,925$3,875,000$760,625
B$4,123,087$78,944,411$780,000$73,615

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 1

The Executive Committee is comprised of the Chair, Vice Chair, Finance Committee Chair, CEO, CFO, and two members appointed by the Chair; provided, however, that the CEO and CFO are ex officio, non-voting members of the Executive Committee. The Executive Committee is responsible for conducting Board affairs in the intervals between meetings, dealing with matters of urgency, and coordinating the annual performance review of the CEO. The Executive Committee may also consider and approve real estate and construction projects and consider and approve legal settlements up to $100,000 if so delegated by the Board.

Form 990, Part VI, Section B, line 11B

Form 990 is reviewed internally by the CFO and Controller. The Board of Directors receives a copy of the approved return prior to filing with the IRS.

Form 990, Part VI, Section B, line 12C

All governing board members are required to sign and date copies of Texas Education Agency's conflict of Interest forms and such forms are maintained in the Charter district office, as required by 19 TAC 100.1203(a)(3), at all times. This Governance form information must be submitted through TEAL account in Charter School Tracking System (CSTS). One online form must be completed for EACH individual board member for each charter. All forms must be in "submitted" status to complete the submission.

Form 990, Part VI, Section B, line 15

The Board approved the compensation package for the CEO. Documentation supporting the decision is retained by the organization. The CEO in conjunction with the Chief Administrative Officer reviews compensation data from comparable charter schools and approves the compensation package for other Officers.

Form 990, Part VI, Section C, line 19

Available upon request.

Filing and Contact Details

Filer

Filer Name
KIPP Texas Inc
EIN
01-0639602
Phone
5125013646
Address
10711 KIPP Way, Houston, TX 77099

Signing Officer

Name
Son Han
Title
CFO
Phone
5125013646
Signed
2022-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sehba Ali
Formed
2003
Legal Domicile
TX
Voting Board Members
19
Independent Board Members
19
Employees
4,632
Volunteers
5,000

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027
Preparer
Barbara Murphy
Phone
7134395739
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

The endowment provides a source of funds for college scholarships for deserving graduates of KIPP Texas.

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IRS990/Desc0See Schedule O KIPP Texas is committed to equity in education with an instructional program in which students will be given the opportunity to master the fundamental skills of reading, writing, listening, speaking, spelling, and mathematics. Other fundamental learning in the arts, literature, foreign language, natural sciences, social sciences, physical education, and college and career readiness skills is provided for all students. Recognition is given and provisions are made for the individual capabilities, creative talents, needs, and interests of each student. KIPP Texas students graduate college at a rate four times higher than the national average for low-income students. KIPP Texas students enter by lottery with no test for admission and no screening. Approximately 86% of our student population is economically disadvantaged and 38% are English Language Learners.To learn more go to https://kipptexas.org/
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IRS990/Form990PartVIISectionAGrp/PersonNm3Gretchen Miller
IRS990/Form990PartVIISectionAGrp/PersonNm4Kent Wallace
IRS990/Form990PartVIISectionAGrp/PersonNm5Peter Brodsky
IRS990/Form990PartVIISectionAGrp/PersonNm6Jayshree Desai
IRS990/Form990PartVIISectionAGrp/PersonNm7Arnold Greene
IRS990/Form990PartVIISectionAGrp/PersonNm8Pepe Guevara
IRS990/Form990PartVIISectionAGrp/PersonNm9Duncan Klussmann
IRS990/Form990PartVIISectionAGrp/PersonNm10Dolores Lozano
IRS990/Form990PartVIISectionAGrp/PersonNm11William Moll
IRS990/Form990PartVIISectionAGrp/PersonNm12Ethan Phillips
IRS990/Form990PartVIISectionAGrp/PersonNm13Shawn Raymond
IRS990/Form990PartVIISectionAGrp/PersonNm14Andrea Richardson
IRS990/Form990PartVIISectionAGrp/PersonNm15Manolo Sanchez
IRS990/Form990PartVIISectionAGrp/PersonNm16Alex Sharma
IRS990/Form990PartVIISectionAGrp/PersonNm17Steve Shook
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IRS990/Form990PartVIISectionAGrp/PersonNm19Sehba Z Ali
IRS990/Form990PartVIISectionAGrp/PersonNm20Daphane Carter
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IRS990/Form990PartVIISectionAGrp/PersonNm28Erin Slezak
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IRS990/Form990PartVIISectionAGrp/PersonNm31Justin Scott
IRS990/Form990PartVIISectionAGrp/PersonNm32Anthony Smith
IRS990/Form990PartVIISectionAGrp/PersonNm33Herbert Smith
IRS990/Form990PartVIISectionAGrp/PersonNm34Michele Autenrieth Brown
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$880$703$176$482$473$9.27
2023Detailed filing. Detailed filing data is available for this year.$893$727$167$485$481$3.75
2022Detailed filing. Detailed filing data is available for this year.$903$740$163$458$441$17.0
2021Detailed filing. Detailed filing data is available for this year.$708$562$146$396$359$37.4
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$641$533$108$346$331$15.8
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$490$397$92.5$319$306$13.1
2018Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$108$72.1$35.6$61.4$56.7$4.63
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$105$74.3$31.0$56.0$53.8$2.20
2016Detailed filing. Detailed filing data is available for this year.$106$77.4$28.8$50.8$46.7$4.06
2015Summary only. Only limited summary data is available for this year.$83.9$59.2$24.7$42.4$33.7$8.64
2014Detailed filing. Detailed filing data is available for this year.$48.5$32.5$16.0$38.8$30.4$8.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.0$20.4$7.62$23.7$22.4$1.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$9.99$6.36$17.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.68$1.17$5.51$13.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.50$0.75$4.74$9.40