Civic Intelligence

Kipp Bay Area Schools

990 • Fiscal year 2024 • EIN 20-5010766

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 30, 2025

1000 Broadway Ste 460Oakland, CA 94607

(510) 465-5477

Siviq Scores

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

Liabilities / Assets

60th percentile

0.39x

Higher debt load relative to assets than 60% of similar nonprofits.

2024 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

0.75x

Higher debt load relative to revenue than 66% of similar nonprofits.

2024 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

56th percentile

5.6%

Higher net margin than 56% of similar nonprofits.

2024 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

10th percentile

$274,121

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2024 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

13th percentile

-3.2%

Faster asset growth than 13% of similar nonprofits.

2024 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

19%

Faster revenue growth than 73% of similar nonprofits.

2024 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Down

$304,784,274

Down $9,951,447 (-3.2%) from 2023

Net Assets

Up

$186,523,044

Up $11,543,333 (+6.6%) from 2023

Liabilities

Down

$118,261,230

Down $21,494,780 (-15%) from 2023

Revenue

Up

$156,856,513

Up $24,785,696 (+19%) from 2023

Expenses

Up

$148,101,414

Up $13,301,761 (+9.9%) from 2023

Net Income

Up

$8,755,099

Up $11,483,935 (+421%) from 2023

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $12,642,609Liabilities 2010: $1,858,706Net Assets 2010: $10,783,9032010Assets 2011: $15,386,724Liabilities 2011: $2,265,280Net Assets 2011: $13,121,4442011Assets 2012: $34,170,300Liabilities 2012: $3,726,108Net Assets 2012: $30,444,1922012Assets 2013: $47,341,319Liabilities 2013: $5,727,717Net Assets 2013: $41,613,6022013Assets 2014: $60,072,124Liabilities 2014: $6,479,496Net Assets 2014: $53,592,6282014Assets 2015: $78,194,574Liabilities 2015: $6,421,647Net Assets 2015: $71,772,9272015Assets 2016: $102,197,464Liabilities 2016: $8,814,906Net Assets 2016: $93,382,5582016Assets 2017: $121,453,763Liabilities 2017: $10,010,710Net Assets 2017: $111,443,0532017Assets 2018: $129,208,820Liabilities 2018: $9,959,216Net Assets 2018: $119,249,6042018Assets 2019: $143,227,207Liabilities 2019: $12,339,199Net Assets 2019: $130,888,0082019Assets 2020: $155,644,498Liabilities 2020: $12,011,559Net Assets 2020: $143,632,9392020Assets 2021: $172,487,625Liabilities 2021: $14,029,669Net Assets 2021: $158,457,9562021Assets 2022: $198,161,708Liabilities 2022: $20,239,190Net Assets 2022: $177,922,5182022Assets 2023: $314,735,721Liabilities 2023: $139,756,010Net Assets 2023: $174,979,7112023Assets 2024: $304,784,274Liabilities 2024: $118,261,230Net Assets 2024: $186,523,0442024

Highlighted filing

2024

Assets$304,784,274
Liabilities$118,261,230
Net Assets$186,523,044

Operations Trend

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

$200M$150M$100M$50M$0-$50MExpenses 2010: $21,782,5992010Expenses 2011: $21,189,3052011Expenses 2012: $23,670,1882012Expenses 2013: $26,038,1762013Revenue 2014: $41,687,417Expenses 2014: $29,708,391Net Income 2014: $11,979,0262014Revenue 2015: $53,266,356Expenses 2015: $35,086,057Net Income 2015: $18,180,2992015Revenue 2016: $65,187,396Expenses 2016: $43,577,767Net Income 2016: $21,609,6292016Revenue 2017: $74,645,485Expenses 2017: $56,584,990Net Income 2017: $18,060,4952017Revenue 2018: $76,725,731Expenses 2018: $68,919,180Net Income 2018: $7,806,5512018Revenue 2019: $92,911,840Expenses 2019: $81,273,436Net Income 2019: $11,638,4042019Revenue 2020: $100,462,974Expenses 2020: $89,250,728Net Income 2020: $11,212,2462020Revenue 2021: $112,257,587Expenses 2021: $97,365,999Net Income 2021: $14,891,5882021Revenue 2022: $135,604,924Expenses 2022: $110,609,216Net Income 2022: $24,995,7082022Revenue 2023: $132,070,817Expenses 2023: $134,799,653Net Income 2023: -$2,728,8362023Revenue 2024: $156,856,513Expenses 2024: $148,101,414Net Income 2024: $8,755,0992024

Highlighted filing

2024

Revenue$156,856,513
Expenses$148,101,414
Net Income$8,755,099
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 30, 2025
Return Version
2023v6.0
Gross Receipts
$181,032,610
Mission and Program Overview

Mission

Kipp bay area schools operates high-performing, college-preparatory public charter schools in the san francisco bay area. Kipp bay area schools is part of the nationally acclaimed kipp network of schools. Kipp schools nationwide successfully help students from educationally underserved communities develop the knowledge, skills, and character needed to succeed in college and the competitive world beyond.

Kipp bay area scools prepares students with skills and confidence for thier future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$68,688,325$72,160,746▲ $3,472,421
Savings and Temporary Cash Investments$53,963,461$53,270,973▼ $692,488
Accounts Receivable$60,072,241$52,810,066▼ $7,262,175
Land, Buildings, and Equipment, Net$20,427,311$20,331,416▼ $95,895
Pledges and Grants Receivable$6,491,713$7,931,854▲ $1,440,141
Prepaid Expenses and Deferred Charges$1,969,498$1,984,243▲ $14,745
Cash and Non-Interest-Bearing Accounts$3,506,996$-639,945▼ $4,146,941
Total Assets$314,735,721$304,784,274▼ $9,951,447
Other Assets Total$99,616,176$96,934,921▼ $2,681,255
Liabilities
Other Liabilities$100,501,813$97,905,307▼ $2,596,506
Accounts Payable and Accrued Expenses$20,941,577$11,957,409▼ $8,984,168
Deferred Revenue$14,938,592$5,164,226▼ $9,774,366
Unsecured Notes Loans Payable$3,374,028$3,234,288▼ $139,740
Total Liabilities$139,756,010$118,261,230▼ $21,494,780
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$162,656,371$171,899,473▲ $9,243,102
Net Assets With Donor Restrictions$12,323,340$14,623,571▲ $2,300,231
Total Net Assets Fund Balance$174,979,711$186,523,044▲ $11,543,333
Total Liabilities and Net Assets / Fund Balance$314,735,721$304,784,274▼ $9,951,447

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$18,621,232$7,032,101$25,653,333
Equipment$785,134$534,101$1,319,235
Other Land Buildings$797,102-$797,102
Leasehold Improvements$127,948$358,563$486,511
Other Assets Org$96,863,914--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$5,399,520-▲ $758,084$212,379$5,945,225
2022$5,000,000-▲ $599,520$200,000$5,399,520
2021$0$5,000,000--$5,000,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jenny TanChief of SchoolsFT$252,939$21,182$274,121
Hilary HarmssenChief of GrowthFT$241,664$26,898$268,562
David LingChief People OfficerFT$235,545$27,128$262,673
Cory VastolaChief Financial OfficerFT$233,765$25,422$259,187
Tevfik EkiciMd of Real Estate and FacilitiesFT$240,807$9,278$250,085
Lara Knight WheatleyManaging Director of SchoolsFT$195,397$15,730$211,127
Frank WuMd of Finance & AccountingFT$201,464$4,519$205,983
Savina WoodyardChief Equity and Strategy OfficerFT$190,380$15,464$205,844
Katherine BeldenSchool LeaderFT$192,533$12,468$205,001
Amanda GonzalezMd of Data & TechnologyFT$193,013$7,220$200,233
Elizabeth Sutkus-thompsonCEO (start 7/1/23)FT$180,993$8,378$189,371
Cherese BrauerFormer CEO (end 6/30/23)FT$127,785$1,938$129,723

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Adriana San MillanSchool Psychology Services305 VINEYARD TOWN CTR 273, Morgan Hill, CA 95037$507,814
DandanAfter School Program676 BOCKMAN RD STE FE, San Lorenzo, CA 94580$403,924
MagatJanitorial Services3273 FAITH COURT, San Jose, CA 95127$365,712
Campus LLCProject Management Consulting Services F17 VISTA WAY, Fairfax, CA 94930$276,166
Esther B ClarkMental Health Provider2280 KENWOOD AVE, San Jose, CA 95128$266,282
Revenue and Support

Revenue Composition

Contributions and Grants
$151,942,962
Program Service Revenue
$0
Investment Income
$4,212,324
Other Revenue
$701,227
All Other Contributions
$17,841,751
Change in Net Assets
$8,755,099
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$100,008,267
Other Expenses$48,083,165
Total Fundraising Expense$478,456
Grants and Similar Amounts Paid$9,982
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$68,280,010$10,890,066-$79,170,076
Fees for Services Other$14,017,684$715,547$4,373$14,737,604
Other Employee Benefits$8,689,793$1,247,044-$9,936,837
Occupancy$8,627,265$193,924-$8,821,189
Payroll Taxes$5,248,762$808,167-$6,056,929
Pension Plan Contributions$2,782,424$389,638-$3,172,062
Information Technology$2,263,177$845,501-$3,108,678
Office Expenses$2,446,241$22,281$21,146$2,489,668
Depreciation Depletion$1,868,447$20,852-$1,889,299
Current Officers, Directors, Trustees, and Key Employees$1,454,955$217,408-$1,672,363
Conferences and Meetings$1,005,361$249,752-$1,255,113
Advertising$1,043,279$57,130-$1,100,409
Fees for Services Management$984,269--$984,269
Insurance$731,470$20,845-$752,315
All Other Expenses$30,720$430,083$234,736$695,539
Travel$316,535$285,131$1,272$602,938
Fees for Services Accounting$282,529$80,656-$363,185
Other Expenses$449,152$239,899$47,518$239,899
Fees for Services Legal-$235,114-$235,114
Interest$66,454--$66,454
Grants to Domestic Individuals$9,982--$9,982
Total Functional Expenses$125,217,584$22,405,374$478,456$148,101,414
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$97,257,005
Due to Kbare$648,302
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The governing body has dedicated a broad authority to an executive committee, audit & risk management committee, finance & investment committee, governance committee, and grievance committee.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once the draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised returned is then submitted to the board of directors for their review and approval prior to submitting to the irs.

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

Monitoring is performed regularly by the officers to identify potential conflicts of interest. An interested person is any director, principal officer, or member of a committee with board-delegated powers, who has a direct or indirect financial interest. A financial interest is when a person has a stake, either directly or indirectly, in any entity that the corporation is involved with, through ownership, investment, or compensation arrangements. This includes substantial gifts or favors. Any question of a conflict is addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.

Form 990, Part VI, Section B, Line 15

The executive director's compensation is determined by the executive committee of the board based on data from a 360 survey, the degree to which the organization's annual strategy was successfully fulfilled, and the board's assessment of the executive director's performance. The executive committee also takes into account the market for executive director compensation across kipp and in similar organizations. The executive director determines the compensation of top reports, using the same process that the executive committee uses to set the executive director's compensation. Compensation of the other organization's officers and key employees is similar.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are readily available to the public upon request at the regional support office of kipp bay area schools.

Filing and Contact Details

Filer

Filer Name
Kipp Bay Area Schools
EIN
20-5010766
Phone
5104655477
Address
1000 BROADWAY STE 460, OAKLAND, CA 94607
Doing Business As
Kipp Public Schools Inc

Signing Officer

Name
Mahreez Berloui
Title
Controller
Phone
5104655477
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Beth Sutkus-thompson
Formed
2006
Legal Domicile
CA
Voting Board Members
20
Independent Board Members
20
Employees
1,433
Volunteers
108

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Wade Mcmullen
Phone
6268577300
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process for oversight and selection of an independent accountant has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

To provide funds for the current and future support of kipp forward, based on a donor-restricted contribution. The objective of the financial goal is to preserve and enhance the endowment fund's inflation-adjusting purchase power, and withdrawal no more than 4% of the value of the endowment fund without withdrawing from the corpus.

PART X, LINE 2:

Kipp bay area schools dba: kipp: public schools northern california and kbare are nonprofit entities exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. Kipp bay area schools dba: kipp: public schools northern california and kbare file informational returns and any applicable unrelated business income tax return in the u.s. Federal jurisdiction, and the state of california.

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IRS990/Form990PartVIISectionAGrp/PersonNm3D'LONRA ELLIS
IRS990/Form990PartVIISectionAGrp/PersonNm4JESSICA GARCIA-KOHL
IRS990/Form990PartVIISectionAGrp/PersonNm5JENNY RISK
IRS990/Form990PartVIISectionAGrp/PersonNm6OCTAVIO SANDOVAL
IRS990/Form990PartVIISectionAGrp/PersonNm7HALEY LOPEZ
IRS990/Form990PartVIISectionAGrp/PersonNm8CARETHA COLEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm9LAURA FISHER
IRS990/Form990PartVIISectionAGrp/PersonNm10BLAKE GROSSMAN
IRS990/Form990PartVIISectionAGrp/PersonNm11SOHI SOHN
IRS990/Form990PartVIISectionAGrp/PersonNm12SUMARI BARNES
IRS990/Form990PartVIISectionAGrp/PersonNm13SANDRA THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm14HEATHER GARDLEY
IRS990/Form990PartVIISectionAGrp/PersonNm15MICHAEL COHEN
IRS990/Form990PartVIISectionAGrp/PersonNm16RON GONZALES
IRS990/Form990PartVIISectionAGrp/PersonNm17GUSTAVO GONZALES
IRS990/Form990PartVIISectionAGrp/PersonNm18AUBREY MERRIMAN
IRS990/Form990PartVIISectionAGrp/PersonNm19JOSE RODRIGUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm20ELIZABETH SUTKUS-THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm21CORY VASTOLA
IRS990/Form990PartVIISectionAGrp/PersonNm22HILARY HARMSSEN
IRS990/Form990PartVIISectionAGrp/PersonNm23DAVID LING
IRS990/Form990PartVIISectionAGrp/PersonNm24SAVINA WOODYARD
IRS990/Form990PartVIISectionAGrp/PersonNm25JENNY TAN
IRS990/Form990PartVIISectionAGrp/PersonNm26TEVFIK EKICI
IRS990/Form990PartVIISectionAGrp/PersonNm27LARA KNIGHT WHEATLEY
IRS990/Form990PartVIISectionAGrp/PersonNm28FRANK WU
IRS990/Form990PartVIISectionAGrp/PersonNm29KATHERINE BELDEN
IRS990/Form990PartVIISectionAGrp/PersonNm30AMANDA GONZALEZ
IRS990/Form990PartVIISectionAGrp/PersonNm31CHERESE BRAUER
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20CEO (START 7/1/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt21CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt22CHIEF OF GROWTH
IRS990/Form990PartVIISectionAGrp/TitleTxt23CHIEF PEOPLE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt24CHIEF EQUITY AND STRATEGY OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt25CHIEF OF SCHOOLS
IRS990/Form990PartVIISectionAGrp/TitleTxt26MD OF REAL ESTATE AND FACILITIES
IRS990/Form990PartVIISectionAGrp/TitleTxt27MANAGING DIRECTOR OF SCHOOLS
IRS990/Form990PartVIISectionAGrp/TitleTxt28MD OF FINANCE & ACCOUNTING
IRS990/Form990PartVIISectionAGrp/TitleTxt29SCHOOL LEADER
IRS990/Form990PartVIISectionAGrp/TitleTxt30MD OF DATA & TECHNOLOGY
IRS990/Form990PartVIISectionAGrp/TitleTxt31FORMER CEO (END 6/30/23)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02006
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt082699
IRS990/GamingActivitiesInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$305$118$187$157$148$8.76
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$315$140$175$132$135$2.73
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$198$20.2$178$136$111$25.0
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$172$14.0$158$112$97.4$14.9
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$156$12.0$144$100$89.3$11.2
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$143$12.3$131$92.9$81.3$11.6
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$129$9.96$119$76.7$68.9$7.81
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$121$10.0$111$74.6$56.6$18.1
2016Detailed filing. Detailed filing data is available for this year.$102$8.81$93.4$65.2$43.6$21.6
2015Detailed filing. Detailed filing data is available for this year.$78.2$6.42$71.8$53.3$35.1$18.2
2014Detailed filing. Detailed filing data is available for this year.$60.1$6.48$53.6$41.7$29.7$12.0
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.3$5.73$41.6$26.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.2$3.73$30.4$23.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.4$2.27$13.1$21.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$1.86$10.8$21.8