Kipp Amp Academy 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 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 superintendent, coo, cfo, managing director and principal positions are based on compensation surveys, related market research, evaluation of performance, and experience. Compensation for the aformentioned positions are approved by the board of the respective organizations. The most recent review was completed in 2016.”

“The 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.”

“Transfer of net assets to kipp nyc public charter school -2,422,610.”