Civic Intelligence

Kipp Metro Atlanta Collaborative Inc

EIN 11-3723114 • 501(c)3 • Atlanta, GA

Profile

The mission of kipp metro atlanta is to equip students with the academic skills, scholarly habits, and character traits necessary to be successful in top quality colleges and the competitive world beyond.

1445 Maynard Road NWAtlanta, GA 30331

www.kippmetroatlanta.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.74x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.79x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

22nd percentile

-3.9%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

29th percentile

$332,466

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

10th percentile

-5.6%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

25th percentile

-1.0%

Faster revenue growth than 25% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Down

$138,284,835

Down $8,138,687 (-5.6%) from 2023

Liabilities

Down

$101,914,730

Down $3,425,409 (-3.3%) from 2023

Net Assets

Down

$36,370,105

Down $4,713,278 (-11%) from 2023

Revenue

Down

$129,290,394

Down $1,343,803 (-1.0%) from 2023

Expenses

Up

$134,331,070

Up $21,601,217 (+19%) from 2023

Net Income

Down

-$5,040,676

Down $22,945,020 (-128%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2011: $12,351,932Liabilities 2011: $710,386Net Assets 2011: $11,641,5462011Assets 2012: $26,970,943Liabilities 2012: $961,613Net Assets 2012: $26,009,3302012Assets 2013: $34,633,973Liabilities 2013: $12,162,182Net Assets 2013: $22,471,7912013Assets 2014: $41,661,247Liabilities 2014: $12,548,704Net Assets 2014: $29,112,5432014Assets 2015: $45,841,168Liabilities 2015: $13,214,139Net Assets 2015: $32,627,0292015Assets 2016: $46,536,543Liabilities 2016: $13,618,418Net Assets 2016: $32,918,1252016Assets 2017: $46,768,750Liabilities 2017: $13,417,536Net Assets 2017: $33,351,2142017Assets 2018: $50,768,738Liabilities 2018: $14,713,743Net Assets 2018: $36,054,9952018Assets 2019: $60,928,677Liabilities 2019: $15,345,764Net Assets 2019: $45,582,9132019Assets 2020: $80,509,552Liabilities 2020: $67,894,984Net Assets 2020: $12,614,5682020Assets 2021: $93,266,962Liabilities 2021: $76,950,332Net Assets 2021: $16,316,6302021Assets 2022: $91,647,806Liabilities 2022: $68,812,741Net Assets 2022: $22,835,0652022Assets 2023: $146,423,522Liabilities 2023: $105,340,139Net Assets 2023: $41,083,3832023Assets 2024: $138,284,835Liabilities 2024: $101,914,730Net Assets 2024: $36,370,1052024

Highlighted filing

2024

Assets$138,284,835
Liabilities$101,914,730
Net Assets$36,370,105

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MRevenue 2011: $11,910,117Expenses 2011: $11,190,248Net Income 2011: $719,8692011Expenses 2012: $13,876,5002012Revenue 2013: $15,463,282Expenses 2013: $19,000,821Net Income 2013: -$3,537,5392013Revenue 2014: $30,162,849Expenses 2014: $27,332,254Net Income 2014: $2,830,5952014Revenue 2015: $36,679,193Expenses 2015: $33,166,308Net Income 2015: $3,512,8852015Revenue 2016: $38,816,440Expenses 2016: $38,492,995Net Income 2016: $323,4452016Revenue 2017: $44,383,601Expenses 2017: $44,045,212Net Income 2017: $338,3892017Revenue 2018: $52,278,541Expenses 2018: $49,716,597Net Income 2018: $2,561,9442018Revenue 2019: $66,803,802Expenses 2019: $57,370,722Net Income 2019: $9,433,0802019Revenue 2020: $69,946,355Expenses 2020: $74,075,998Net Income 2020: -$4,129,6432020Revenue 2021: $86,228,529Expenses 2021: $83,289,114Net Income 2021: $2,939,4152021Revenue 2022: $94,866,664Expenses 2022: $87,659,998Net Income 2022: $7,206,6662022Revenue 2023: $130,634,197Expenses 2023: $112,729,853Net Income 2023: $17,904,3442023Revenue 2024: $129,290,394Expenses 2024: $134,331,070Net Income 2024: -$5,040,6762024

Highlighted filing

2024

Revenue$129,290,394
Expenses$134,331,070
Net Income-$5,040,676

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$138$102$36.4$129$134$5.04
2023Detailed filing. Detailed filing data is available for this year.$146$105$41.1$131$113$17.9
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$91.6$68.8$22.8$94.9$87.7$7.21
2021Detailed filing. Detailed filing data is available for this year.$93.3$77.0$16.3$86.2$83.3$2.94
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.5$67.9$12.6$69.9$74.1$4.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.9$15.3$45.6$66.8$57.4$9.43
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.8$14.7$36.1$52.3$49.7$2.56
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.8$13.4$33.4$44.4$44.0$0.34
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.5$13.6$32.9$38.8$38.5$0.32
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.8$13.2$32.6$36.7$33.2$3.51
2014Detailed filing. Detailed filing data is available for this year.$41.7$12.5$29.1$30.2$27.3$2.83
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.6$12.2$22.5$15.5$19.0$3.54
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.0$0.96$26.0$13.9
2011Summary only. Only limited summary data is available for this year.$12.4$0.71$11.6$11.9$11.2$0.72
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$129,329,964
Mission and Program Overview

Mission

Together with families and communities, we create joyful, academically excellent schools that prepare students with the skills and confidence to pursue the paths they choose - college, career, and beyond - so they can lead fulfilling lives and build a more just world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$48,355,538$59,766,370▲ $11,410,832
Pd in Cap Srpls Land Bldg Eqp Fund$31,051,867$29,350,296▼ $1,701,571
Land, Buildings, and Equipment, Net$23,120,594$22,313,965▼ $806,629
Other Notes and Loans Receivable, Net$7,081,000$7,081,000→ $0
Rtn Earn Endowment Incm Other Fnds$5,768,280$4,998,899▼ $769,381
Pledges and Grants Receivable$6,329,214$4,412,205▼ $1,917,009
Investments in Publicly Traded Securities$2,932,222$3,320,913▲ $388,691
Cap Stk Tr Prin Current Funds$4,263,236$2,020,910▼ $2,242,326
Prepaid Expenses and Deferred Charges$264,037$186,004▼ $78,033
Accounts Receivable$167,731$146,103▼ $21,628
Total Assets$146,423,522$138,284,835▼ $8,138,687
Other Assets Total$58,173,186$41,058,275▼ $17,114,911
Liabilities
Other Liabilities$98,285,512$93,069,140▼ $5,216,372
Accounts Payable and Accrued Expenses$7,021,293$8,845,590▲ $1,824,297
Mortgage Notes Payable Secured by Investment Property$33,334$0▼ $33,334
Total Liabilities$105,340,139$101,914,730▼ $3,425,409
Net Assets / Fund Balance
Total Net Assets Fund Balance$41,083,383$36,370,105▼ $4,713,278
Total Liabilities and Net Assets / Fund Balance$146,423,522$138,284,835▼ $8,138,687

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$7,691,091$10,169,227$17,860,318
Buildings$5,578,261$4,926,323$10,504,584
Equipment$3,872,114$3,419,577$7,291,691
Other Land Buildings$3,589,199$4,675$3,593,874
Land$1,583,300-$1,583,300
Other Assets Org$21,313--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$2,932,222-▲ $522,884$124,555$3,320,913
2022$2,640,274$1,266▲ $403,788$105,057$2,932,222
2021$3,082,585$6,600▼ $338,081$101,680$2,640,274
2020$2,386,076-▲ $807,850$104,170$3,082,585
2019$2,366,036$55,000▲ $59,203$87,502$2,386,076
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MINI'IMAH SHAHEEDChief Executive OfficerFT$289,452$43,014$332,466
RA'CHEL FORDChief Operating OfficerFT$176,078$47,125$223,203
Terra Nicole WalkerChief People OfficerFT$168,659$38,788$207,447
Lakeesha RamdhanieChief of StaffFT$175,619$29,105$204,724
Kelly Elizabeth ShieldsChief Financial OfficerFT$166,802$36,707$203,509
Benjamin CabezaChief Strategy OfficerFT$164,585$21,998$186,583
Tasha Lynne DavisHead of Schools, PrimaryFT$147,704$28,845$176,549
Nathaniel Albert SnyderPrincipalFT$136,360$27,228$163,588
Alison WilsonHead of AcademicsFT$128,332$26,585$154,917
John RajeskiDirector of Teacher ResidencyFT$126,790$26,585$153,375
Jamaul ThomasChief Schools OfficerFT$132,529$19,719$152,248
Jamal ValentineManaging Director of TalentFT$130,489$21,308$151,797
Authur Brendon WashingtonPrincipalFT$113,106$37,765$150,871
Wanda SmithManaging Director of Regional OperationsFT$134,241$15,958$150,199
Wanda SmithManaging Director of Regional Operat-$130,041$20,158$150,199
Jasmine FosterHead of Schools, Principal ManagerFT$123,049$22,476$145,525
Amy Rose BrysonPrincipalFT$120,567$22,995$143,562
Irving Williams IiiMd of Kipp ForwardFT$129,853$11,660$141,513
Donald Gary RuckerPrincipalFT$126,029$15,295$141,324
Emanuel Deleon MathisPrincipalFT$118,569$21,335$139,904
Kyla Noelle Byas-smithPrincipalFT$114,461$21,453$135,914
Omy Lela MairPrincipalFT$124,537$10,630$135,167
Brandom JonesPrincipalFT$123,204$10,515$133,719
Mercedes OrtizPrincipalFT$114,549$14,874$129,423
Tara Rose StiflerPrincipalFT$114,786$14,308$129,094
Angela Page BondChief Strategy OfficerFT$109,325$9,465$118,790

Board Members and Trustees

NameTitle
Rick DeaneChair
Catherine MealorBoard Member
David JerniganBoard Member
Dawn GriffinBoard Member
Deborah SudburyBoard Member
Frank GloverBoard Member
Hector CalzadaBoard Member
Jakathryn RossBoard Member
Jamina Cole KingBoard Member
Omar DioneBoard Member
Rachel MccarthyBoard Member
Salim BatiaBoard Member
Stacey MohrBoard Member
Stephen CouncilBoard Member
Zane MajorBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Educators Now LLCSubstitute Teachers454 IRWIN ST NE 206, Atlanta, GA 30312$1,434,041
Abm Industry Groups LLCJanitoral Services14141 SOUTHWEST FRWY STE 400, Sugar Land, TX 77478$729,707
Pro Svc LLCJanitoral Services500 W HIGHTOWER TRAIL, Conyers, GA 30012$716,832
1 Accord TechnologiesIt Support130 SCOTT OAK DRIVE UNIT C, Eatonton, GA 30124$134,216
Ppr Construction Pro LLCBuilding Maintenance And Repair120 LANDING DRIVE, Powder Springs, GA 30127$118,957
Revenue and Support

Revenue Composition

Contributions and Grants
$126,237,010
Program Service Revenue
$609,698
Investment Income
$1,996,234
Other Revenue
$447,452
All Other Contributions
$3,997,805
Change in Net Assets
$-5,040,676

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
Food Inventory1$629,324Fair Market Value
Total Noncash Contributions1$629,324-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$83,003,692
Other Expenses$51,065,744
Total Fundraising Expense$1,460,976
Grants and Similar Amounts Paid$261,634
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$53,995,954$6,738,945$782,112$61,517,011
Pension Plan Contributions$8,988,190$822,514$99,098$9,909,802
Occupancy$9,445,085$192,757-$9,637,842
Fees for Services Other$8,135,597$637,948$35,385$8,808,930
Other Employee Benefits$6,205,987$567,914$68,423$6,842,324
All Other Expenses$5,166,203$37,836-$5,204,039
Information Technology$3,736,562--$3,736,562
Current Officers, Directors, Trustees, and Key Employees$3,070,710$345,024$34,502$3,450,236
Depreciation Depletion$2,761,743$75,307-$2,837,050
Other Expenses$2,024,271$253,897$30,008$2,308,176
Office Expenses$1,586,446$396,611-$1,983,057
Conferences and Meetings$1,115,464$107,724$11,174$1,234,362
Payroll Taxes$994,068$90,967$10,960$1,095,995
Insurance$780,432$195,107-$975,539
Advertising$123,084-$386,866$509,950
Grants to Domestic Individuals$261,634--$261,634
Fees for Services Legal$221,448$39,078-$260,526
Comp Disqual Persons$165,160$20,716$2,448$188,324
Fees for Services Accounting-$118,401-$118,401
Interest-$333-$333
Total Functional Expenses$122,229,015$10,641,079$1,460,976$134,331,070
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$39,570
Fundraising Gross Income$8,441
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
ARE YOU SMARTER THAN A KIPPSTER?$42,203$8,441$39,570$-31,129
Total Events$42,203$8,441$39,570$-31,129
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Tanaya WashingtonFamily Member of Authur Washington, Current OfficerCompensation Payment Made to a Family Member of a Current OfficerNo$95,961
Lanita MartinFamily Member of Nathaniel Snyder, Current OfficerCompensation Payment Made to a Family Member of an OfficerNo$92,363
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$93,069,140
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
Yes
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
No
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 B, Line 11B

The organization's finance committee receives an electronic copy of the 990 including all schedules. After the finance committee reviews the overall document and provides feedback, the updated copy of the 990, including all schedules, is distributed electronically to all board members for their review prior to the filing of the report.

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

The conflict of interest policy is reviewed on an annual basis as part of the review of organizational process and procedural handbooks. At the beginning of the year all employees and board members receive an updated copy of the policy to adhere to. In addition, all new board members are required to sign a conflict of interest statement to be kept on file.

Form 990, Part VI, Section B, Line 15A

The process for determining the ceo's compensation includes board review and approval, comparability data, and contemporaneous substantiation of the deliberation and decision.

Form 990, Part VI, Section C, Line 19

Documents are available upon request.

Form 990 Part VII

The compensation reported by board members titled as school leaders represents the compensation for their role as school principal and not as officer of the organization.

Filing and Contact Details

Filer

Filer Name
Kipp Metro Atlanta Collaborative Inc
EIN
11-3723114
Phone
4049246310
Address
1445 MAYNARD ROAD NW, ATLANTA, GA 30331

Signing Officer

Name
Justin Anderson
Title
CFO
Phone
4049246310
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
RA'CHEL FORD
Formed
2007
Legal Domicile
Ga
Voting Board Members
15
Independent Board Members
15
Employees
1,031
Volunteers
450

Preparer

Firm
Mauldin & Jenkins LLC
Address
200 GALLERIA PKWY SE STE 1700, ATLANTA, GA 30339-5946
Preparer
Melissa Seward
Phone
7709558600
Supplemental Narrative

Additional Explanations

Form 990 Part XII Line 2C

The overall methodology included a stream-lined planning process and several round-table discussions. The primary objectives of the approach included: -effectively evaluating and communicating the needs of the organization. -leading a process viewed as having fairness, objectivity, and comparability. -identifying firms with significant non-profit experience and industry knowledge. -providing a confident recommendation based on summarized facts. -ensuring kipp receives maximum service for the extended costs.

Form 990 Part IV, Line 13

The organization is a charter school. Charter schools are considered public rather than private schools, and therefore, are not required to complete schedule e.

Financial Statement Notes

PART V, LINE 4:

The organization's endowment consists of one donor-restricted fund established to support the scholarship needs of kipp graduates, and/or kipp students who have opportunities to attend private preparatory schools.

PART X, LINE 2:

The organization formed as a non-profit corporation under the laws of the state of georgia in march 2007 and is exempt from federal income taxes under the provision of section 501(c)(3) of the internal revenue code. Accordingly, the organization is not required to pay federal taxes on income, and contributions to the organization qualify for charitable contributions deduction to the extent provided by section 170 of the internal revenue code. The preparation of financial statements in conformity with accounting principles generally accepted in the united states of america requires the organization to report information regarding its exposure to various tax positions taken by the organization. Management believes that the organization has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Management is not aware of any circumstances or transactions that would jeopardize its tax exempt status. All tax exempt entities are subject to review and audit by federal, state and other applicable agencies. Such agencies may review the taxability of unrelated business income, or the qualification of the tax-exempt entity under the internal revenue code and applicable state statutes. There currently are no audits of the organization's returns in progress.

Raw XML AppendixShowing 400 of 1,166 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0TOGETHER WITH FAMILIES AND COMMUNITIES, WE CREATE JOYFUL, ACADEMICALLY EXCELLENT SCHOOLS THAT PREPARE STUDENTS WITH THE SKILLS AND CONFIDENCE TO PURSUE THE PATHS THEY CHOOSE - COLLEGE, CAREER, AND BEYOND - SO THEY CAN LEAD FULFILLING LIVES AND BUILD A MORE JUST WORLD.
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IRS990/BooksInCareOfDetail/PhoneNum04049246310
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1ABM INDUSTRY GROUPS LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2PRO SVC LLC
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IRS990/Desc0KIPP METRO ATLANTA COLLABORATIVE, INC. SUPPORTS THE MISSION OF THE KIPP CHARTER SCHOOLS IN ATLANTA.SEE COMPLETE PROGRAM SERVICE ACCOMPLISHMENT DESCRIPTION AT SCHEDULE O.KIPP METRO ATLANTA COLLABORATIVE, INC. (THE ORGANIZATION") IS A NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO PREPARE STUDENTS WITHIN THE CITY OF ATLANTA, GEORGIA AND FULTON COUNTY, GEORGIA FOR TOP QUALITY HIGH SCHOOLS, COLLEGES, AND THE COMPETITIVE YEARS BEYOND. THE ORGANIZATION IS MADE UP OF:1. KIPP REGIONAL SUPPORT TEAM WHICH PROVIDES ACADEMIC AND MANAGEMENT SERVICES TO THE KIPP CHARTER SCHOOLS IN THE CITY OF ATLANTA, GEORGIA AND FULTON COUNTY, GEORGIA AS WELL AS SEEKS AND DEVELOPS THE FUNDING SOURCES TO SUPPORT THE KIPP SCHOOLS,2. KIPP STRIVE PRIMARY - A KIPP CHARTER PUBLIC ELEMENTARY SCHOOL,3. KIPP WAYS PRIMARY - A KIPP CHARTER PUBLIC ELEMENTARY SCHOOL,4. KIPP VISION PRIMARY - A KIPP CHARTER PUBLIC ELEMENTARY SCHOOL,5. KIPP SOUL PRIMARY - A KIPP CHARTER PUBLIC ELEMENTARY SCHOOL,6. KIPP SOUTH FULTON PRIMARY - A KIPP CHARTER PUBLIC ELEMENTARY SCHOOL,6. KIPP STRIVE ACADEMY - A KIPP CHARTER PUBLIC MIDDLE SCHOOL,7. KIPP WOODSON PARK ACADEMY - A KIPP OPERATED PUBLIC ELEMENTARY SCHOOL8. KIPP SRIVE ACADEMY - A KIPP CHARTER PUBLIC MIDDLE SCHOOL9. KIPP WAYS ACADEMY - A KIPP CHARTER PUBLIC MIDDLE SCHOOL,10. KIPP VISION ACADEMY - A KIPP CHARTER PUBLIC MIDDLE SCHOOL,11. KIPP SOUL ACADEMY - A KIPP CHARTER PUBLIC MIDDLE SCHOOL,12. KIPP SOUTH FULTON ACADEMY - A KIPP CHARTER PUBLIC MIDDLE SCHOOL,13. KIPP ATLANTA COLLEGIATE - A KIPP CHARTER PUBLIC HIGH SCHOOL, AND 14. KIPP FORWARD - PROVIDES SCHOLARSHIPS, ACADEMIC SUPPORT, SOCIAL SERVICES, AND HIGH SCHOOL /COLLEGE PLACEMENT SERVICES FOR KIPP ALUMNI.
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