Kipp Infinity Charter School

“The organization has a service agreement with kipp nyc, llc (a disregarded entity of kipp new york, inc), a related entity which provides operational and administrative support to the school. Included in these services provided are human resources, technology, data, operations, finance and accounting, recuiting, fundraising, instructional training and progress monitoring.”

“Management will provide the form 990 to the kipp infinity charter school board of trustees before it is submitted.”

“As part of our annual audit process, we review all transactions to confirm the absence of any potential conflicts of interest. We also require trustees to annually complete disclosure forms detailing any transactions that may present potential conflicts of interest. These signed disclosures are maintained by the organization and are also submitted to the department of education of new york state. If a conflict or potential conflict is identified, the board's independent trustees review the transaction in question to determine its propriety, its impact on the organization and the availability of, and need for, any corrective measures.”

“The organization's and related organization's determination of compensation for the superitendent, coo, managing director and principal positions are based on compensation surveys, related market research, and evaluation of performance experience. Compensation for the aformentioned positions are approved by the board of the respective organizations. The most recent review was completed in 2014.”

“The organization makes its form 990 available to the public upon written request. It is also available at www.guidestar.com, a public website. The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon written request.”

“Building services: program service expenses 256,532. Management and general expenses 0. Fundraising expenses 0. Total expenses 256,532. Instructional: program service expenses 173,567. Management and general expenses 0. Fundraising expenses 0. Total expenses 173,567. Sped: program service expenses 17,795. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,795. Technology services: program service expenses 13,060. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,060. Sporting events: program service expenses 4,242. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,242. Other: program service expenses 53,002. Management and general expenses 0. Fundraising expenses 0. Total expenses 53,002. Payroll fees: program service expenses 5,789. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,789. Kipp licensing fee: program service expenses 67,281. Management and general expenses 2,026,162. Fundraising expenses 0. Total expenses 2,093,443.”

“The organization has a committee that assumes responsibility for the oversight of the audit of financial statements and the selection of an independent auditor.”