Civic Intelligence

Kipp Amp Academy Charter School

990 • Fiscal year 2011 • EIN 20-2536991

Jul 01, 2010 to Jun 30, 2011 • Filed on May 11, 2012

1224 Park Place 4th Floor11213
Siviq Scores

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

Liabilities / Assets

48th percentile

0.20x

Higher debt load relative to assets than 48% of similar nonprofits.

2011 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

58th percentile

2.9%

Faster asset growth than 58% of similar nonprofits.

2011 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$1,493,112

Up $42,613 (+2.9%) from 2010

Net Assets

Up

$1,193,705

Up $305,571 (+34%) from 2010

Liabilities

Down

$299,407

Down $262,958 (-47%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$5,748,902

Up $643,207 (+13%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,450,499Liabilities 2010: $562,365Net Assets 2010: $888,1342010Assets 2011: $1,493,112Liabilities 2011: $299,407Net Assets 2011: $1,193,7052011Assets 2012: $2,143,864Liabilities 2012: $234,802Net Assets 2012: $1,909,0622012Assets 2013: $2,657,266Liabilities 2013: $139,286Net Assets 2013: $2,517,9802013Assets 2014: $2,935,054Liabilities 2014: $362,106Net Assets 2014: $2,572,9482014Assets 2015: $4,409,842Liabilities 2015: $2,540,703Net Assets 2015: $1,869,1392015Assets 2016: $3,193,990Liabilities 2016: $771,380Net Assets 2016: $2,422,6102016

Highlighted filing

2011

Assets$1,493,112
Liabilities$299,407
Net Assets$1,193,705

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $5,105,6952010Expenses 2011: $5,748,9022011Expenses 2012: $5,853,2412012Revenue 2013: $7,286,199Expenses 2013: $6,677,281Net Income 2013: $608,9182013Revenue 2014: $9,225,943Expenses 2014: $9,170,975Net Income 2014: $54,9682014Revenue 2015: $14,095,241Expenses 2015: $14,799,050Net Income 2015: -$703,8092015Revenue 2016: $13,977,899Expenses 2016: $13,424,428Net Income 2016: $553,4712016

Highlighted filing

2011

Revenue-
Expenses$5,748,902
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
May 11, 2012
Return Version
2010v3.4
Gross Receipts
$6,054,473
Mission and Program Overview

Mission

Kipp amp charter school's mission is to teach students to develop the academic and character skills necessary for success in high school and college, to be self-sufficient in the competitive world beyond, and to build a better tomorrow for themselves and us all.

Filing and Contact Details

Filer

EIN
20-2536991
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0The school is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Service Code and applicable income tax regulations of the State of New York. No provision for income taxes has been established, as the school has no unrelated business activity. The School follows the guidance in the income tax standard regarding the recognition and measurement of uncertain tax positions. the guidance clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements. The guidance further prescribes recognition and measurement of tax provisions taken or to be taken on a tax return that are not certain to be realized. The adoption of this standard has no impact on the school's financial statements. The school's tax returns for the years 2008, 2008, and 2010 are open for federal and state tax examinations.
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IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0Part X:
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0In publicizing its lottery each year for new students, the school includes its non-discrimination policy, which states: "The school shall not discriminate against any student on the basis of ethnicity, national origin, gender or disability."
IRS990ScheduleE/Form990ScheduleEPartII/Explanation1The School has received federal funding from the U.S. Department of Education.
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IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson1Ky Adderley
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IRS990ScheduleO/GeneralExplanation/Explanation0Added 10th grade to grades served
IRS990ScheduleO/GeneralExplanation/Explanation1The 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, Recruiting and Fundraising.
IRS990ScheduleO/GeneralExplanation/Explanation2Management will provide the Form 990 to the Board of Trustees before it is submitted.
IRS990ScheduleO/GeneralExplanation/Explanation3As 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.
IRS990ScheduleO/GeneralExplanation/Explanation4The Organization's determination of compensation for the Principal are based on compensation surveys, related market research and evaluation of performance and experience. Compensation for the aformentioned position is approved by the Board of Trustees.
IRS990ScheduleO/GeneralExplanation/Explanation5The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon written request. The form 990 is available at www.guidestar.com, a public website.
IRS990ScheduleO/GeneralExplanation/Explanation6In fulfilling his duties as Superintendent, David Levin spreads his time equally across the four charter entities which he serves. Similarly, as Executive Director of School Programs, Quintin Vance also spends equal amounts of time at each charter school. Employees who serve KIPP AMP's high school students are joint employees of KIPP Infinity Charter School, KIPP Academy Charter School, KIPP AMP Academy Charter School and KIPP STAR College Prep Charter School, consistent with the high school's joint, co-located model, and pursuant to the requirements of each organization's charter. The work hours for these employees, including the Principal, Natalie Webb, are allocated equally across the four schools.
IRS990ScheduleO/GeneralExplanation/Explanation7The organization has a committee that assumes responsibility on the oversight of the audit of the financial statements and the selection of an independent auditor.
IRS990ScheduleO/GeneralExplanation/Identifier0New Program Services
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Section A, line 3
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part III, line 2
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VII, Column B
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part XII, Line 2c

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