Civic Intelligence

Kipp Inc DBA Knowledge Is Power Program Inc

990 • Fiscal year 2014 • EIN 13-3875888

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 13, 2015

10711 Kipp Way DriveHouston, TX 77099

(832) 328-1051

Siviq Scores

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

Liabilities / Assets

86th percentile

0.86x

Higher debt load relative to assets than 86% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Liabilities / Revenue

80th percentile

1.52x

Higher debt load relative to revenue than 80% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Net Margin

37th percentile

2.2%

Higher net margin than 37% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

28th percentile

0.9%

Faster asset growth than 28% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2013 to 2014

Revenue Growth

71st percentile

12%

Faster revenue growth than 71% of similar nonprofits.

2014 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2011 to 2014

Assets

Up

$197,093,579

Up $1,793,969 (+0.9%) from 2013

Net Assets

Up

$28,045,449

Up $2,472,083 (+9.7%) from 2013

Liabilities

Down

$169,048,130

Down $678,114 (-0.4%) from 2013

Revenue

Up

$110,962,321

Up $10,906,784 (+11%) from 2013

Expenses

Up

$108,490,238

Up $11,978,627 (+12%) from 2013

Net Income

Down

$2,472,083

Down $1,071,843 (-30%) from 2013

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $127,112,992Liabilities 2010: $111,338,145Net Assets 2010: $15,774,8472010Assets 2011: $162,995,329Liabilities 2011: $144,572,495Net Assets 2011: $18,422,8342011Assets 2012: $163,506,420Liabilities 2012: $141,471,980Net Assets 2012: $22,034,4402012Assets 2013: $195,299,610Liabilities 2013: $169,726,244Net Assets 2013: $25,573,3662013Assets 2014: $197,093,579Liabilities 2014: $169,048,130Net Assets 2014: $28,045,4492014Assets 2015: $216,844,846Liabilities 2015: $203,300,789Net Assets 2015: $13,544,0572015Assets 2016: $219,452,628Liabilities 2016: $199,590,743Net Assets 2016: $19,861,8852016Assets 2017: $234,143,294Liabilities 2017: $214,314,809Net Assets 2017: $19,828,4852017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2014

Assets$197,093,579
Liabilities$169,048,130
Net Assets$28,045,449

Operations Trend

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

$200M$150M$100M$50M$0-$50MExpenses 2010: $58,128,2272010Revenue 2011: $78,691,156Expenses 2011: $75,494,919Net Income 2011: $3,196,2372011Expenses 2012: $81,966,5642012Revenue 2013: $100,055,537Expenses 2013: $96,511,611Net Income 2013: $3,543,9262013Revenue 2014: $110,962,321Expenses 2014: $108,490,238Net Income 2014: $2,472,0832014Revenue 2015: $125,974,876Expenses 2015: $140,459,876Net Income 2015: -$14,485,0002015Revenue 2016: $139,512,988Expenses 2016: $133,210,722Net Income 2016: $6,302,2662016Revenue 2017: $149,081,841Expenses 2017: $149,196,602Net Income 2017: -$114,7612017Revenue 2018: $168,397,731Expenses 2018: $166,883,105Net Income 2018: $1,514,6262018

Highlighted filing

2014

Revenue$110,962,321
Expenses$108,490,238
Net Income$2,472,083
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 13, 2015
Return Version
2013v4.0
Gross Receipts
$112,264,585
Mission and Program Overview

Mission

KIPP, the Knowledge Is Power Program, is committed to developing in underserved students the academic skills, intellectual habits, and qualities of character necessary to succeed at all levels of pre-kindergarten through 12th grade, college, and the competitive world beyond.

KIPP Houston serves early childhood/elementary, middle school, and high school students with a special focus on college readiness through academic and character development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$133,283,463$152,853,994▲ $19,570,531
Savings and Temporary Cash Investments$36,915,926$19,657,149▼ $17,258,777
Pledges and Grants Receivable$16,954,560$16,254,786▼ $699,774
Cash and Non-Interest-Bearing Accounts$3,174,712$2,462,076▼ $712,636
Accounts Receivable$861,105$1,809,530▲ $948,425
Prepaid Expenses and Deferred Charges$446,104$535,943▲ $89,839
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$195,299,610$197,093,579▲ $1,793,969
Other Assets Total$3,663,740$3,520,101▼ $143,639
Liabilities
Tax Exempt Bond Liabilities$96,830,346$95,620,335▼ $1,210,011
Other Liabilities$55,934,832$55,186,571▼ $748,261
Accounts Payable and Accrued Expenses$16,820,062$18,204,341▲ $1,384,279
Deferred Revenue$141,004$36,883▼ $104,121
Total Liabilities$169,726,244$169,048,130▼ $678,114
Net Assets / Fund Balance
Unrestricted Net Assets$23,170,088$25,153,980▲ $1,983,892
Temporarily Rstr Net Assets$2,213,278$2,701,469▲ $488,191
Permanently Rstr Net Assets$190,000$190,000→ $0
Total Net Assets Fund Balance$25,573,366$28,045,449▲ $2,472,083
Total Liabilities and Net Assets / Fund Balance$195,299,610$197,093,579▲ $1,793,969

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$89,474,990$24,116,175$113,591,165
Land$32,624,540-$32,624,540
Other Land Buildings$28,446,769-$28,446,769
Equipment$2,307,695$5,406,322$7,714,017

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$500,000-▲ $5,158$10,981$494,177
2012$400,000$100,000▲ $2,273$2,273$500,000
2011$400,000-▲ $5,652$5,652$400,000
2010$400,000$500▲ $5,637$6,137$400,000
2009$300,000$100,000▲ $14,958$14,958$400,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sehba AliSuperintendentFT$180,126$19,100$210,272
Mike FeinbergExec Vice ChairFT$185,000$28,296$204,050
John MurphyCFOFT$170,539$19,054$189,593
Eric KotCOOFT$147,491$28,616$176,107
Daniel CaesarHead of SchoolFT$141,720$20,688$160,608
Kenneth GoeddekeHead of SchoolFT$139,673$6,392$146,065
John AllenDeputy H.O.S.FT$127,659$15,891$143,550
Daphane CarterHead of SchoolFT$134,860$1,842$136,702
Charles FimbleChief Talent Ofcr.FT$126,392$6,937$133,329
Eric ColemanDeputy H.O.S.FT$123,069$1,200$124,269

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Revolution Foods IncFood services-$6,095,744
First Group AmericaTransportation-$4,328,855
Linbeck Group LLCConstruction mgmt-$3,254,360
M Space Holdings LLCMod. Bldgs/Setup-$2,926,525
CAPP Electric CompanyElectrical services-$2,741,438
Revenue and Support

Revenue Composition

Contributions and Grants
$98,201,520
Program Service Revenue
$12,292,803
Investment Income
$189,840
Other Revenue
$278,158
All Other Contributions
$7,110,236
Change in Net Assets
$2,472,083

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table19$53,850Fair Market Value (FMV)
Other Non Cash Contri Table3$11,527Fair Market Value (FMV)
Securities Publicly Traded1$10,417Fair Market Value (FMV)
Total Noncash Contributions23$75,794-

Audited Revenue Reconciliation

Revenue per Audited Statements
$110,908,471
Revenue Not Reported on Financial Statements
$53,850
Other Revenue Adjustments
$53,850
Total Revenue per Audited Statements
$110,908,471
Total Revenue per Form 990
$110,962,321
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$61,044,812
Other Expenses$47,334,726
Total Fundraising Expense$1,784,091
Grants and Similar Amounts Paid$110,700
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$48,823,740$3,722,928$601,736$53,148,404
Interest-$7,747,673-$7,747,673
Fees for Services Other$6,640,015$663,934$258,165$7,562,114
Depreciation Depletion$6,164,623$493,617$21,209$6,679,449
Office Expenses$4,422,900$983,481$416,347$5,822,728
Other Employee Benefits$4,958,811$277,958$36,592$5,273,361
Occupancy$3,438,426$154,117$11,523$3,604,066
Information Technology$2,090,462$263,841$10,947$2,365,250
Travel$1,827,853$201,293$44,278$2,073,424
Other Expenses$630,961$799,736$347,251$1,777,948
Current Officers, Directors, Trustees, and Key Employees$885,680$65,967$10,520$962,167
Insurance$881,597$47,263$4,694$933,554
Pension Plan Contributions$848,730$69,871$9,094$927,695
Payroll Taxes$670,399$54,163$8,623$733,185
Conferences and Meetings$201,388$98,160$3,112$302,660
Grants to Domestic Individuals$110,700--$110,700
Fees for Services Legal$8,368$62,979-$71,347
Fees for Services Accounting-$69,836-$69,836
Fees for Services Lobbying-$20,000-$20,000
Total Functional Expenses$90,909,330$15,796,817$1,784,091$108,490,238

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$108,544,088
Expenses per Audited Statements$108,490,238
Total Expenses per Form 990$108,490,238
Expenses Not Reported on Form 990$53,850
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$202,264
Fundraising Gross Income$199,927
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$1,598,914$199,927$106,634$93,293
Total Events$1,598,914$199,927$202,264$-2,337
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Taxable Bonds$52,235,775
Construction payable$2,950,796

Bond Issues

BondIssuerIssuedIssue PricePurpose
B06-18025202009-11-19$64,824,927Construction & Debt Service
A56-24914032006-09-20$35,168,292Construction & Debt Service

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$64,824,927--$1,260,840
A$35,168,292-$3,545,000$345,491

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
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 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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The business office management team reviews the form and distributes the form with explanatory memorandum to the Executive Board soliciting questions and comments prior to filing date.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Annually a Texas Education Agency governance questionnaire is distributed to officers and directors. The forms are tracked and reviewed for accuracy prior to sending to TEA.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The compensation package for the Superintendent is reviewed by a Compensation Committee of the Board of Directors. The Committee reviews salary data from Form 990s of 4 comparable charter schools and 2 community colleges. They also review the 2013-2014 TASB/TASA Superintendent Report which includes compensation information for 826 school districts in Texas. The compensation package is approved by the Board of Directors.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The compensation of other officers is reviewed annually for internal equity and compared to KIPP nationwide salary analysis to confirm reasonableness.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Upon request.

Filing and Contact Details

Filer

EIN
13-3875888
Phone
8323281051

Signing Officer

Name
John Murphy
Title
CFO
Signed
2015-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sehba Ali
Formed
1994
Legal Domicile
De
Voting Board Members
15
Independent Board Members
14
Employees
1,505
Volunteers
402

Preparer

Preparer
Jody Blazek
Phone
7134395739
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

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

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Direct fundraising event costs $53850

Part XII, Line 2D: Other expenses and losses per audited F/S

Direct fundraising event costs $53850

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