Civic Intelligence

Kipp Academy Charlotte

990 • Fiscal year 2014 • EIN 20-5664061

Jul 01, 2013 to Jun 30, 2014 • Filed on Dec 02, 2014

Organization ProfileN/A
931 Wilann Drive28215

(704) 537-2044

Siviq Scores

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

Liabilities / Assets

84th percentile

0.65x

Higher debt load relative to assets than 84% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

85th percentile

0.66x

Higher debt load relative to revenue than 85% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Net Margin

35th percentile

-0.1%

Higher net margin than 35% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

66th percentile

$101,513

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Asset Growth

39th percentile

0.6%

Faster asset growth than 39% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

33rd percentile

-0.8%

Faster revenue growth than 33% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2012 to 2014

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$3,399,936

Up $20,904 (+0.6%) from 2013

Net Assets

Down

$1,202,029

Down $2,353 (-0.2%) from 2013

Liabilities

Up

$2,197,907

Up $23,257 (+1.1%) from 2013

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin35th percentile

Revenue

$3,320,813

No earlier filing loaded for comparison.

Expenses

Down

$3,323,166

Down $321,432 (-8.8%) from 2013

Net Income

-$2,353

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

$20M$10M$0-$10MAssets 2011: $3,628,967Liabilities 2011: $2,515,348Net Assets 2011: $1,113,6192011Assets 2012: $3,664,081Liabilities 2012: $2,407,634Net Assets 2012: $1,256,4472012Assets 2013: $3,379,032Liabilities 2013: $2,174,650Net Assets 2013: $1,204,3822013Assets 2014: $3,399,936Liabilities 2014: $2,197,907Net Assets 2014: $1,202,0292014Assets 2015: $3,742,230Liabilities 2015: $3,054,848Net Assets 2015: $687,3822015Assets 2016: $3,958,215Liabilities 2016: $2,993,464Net Assets 2016: $964,7512016Assets 2017: $4,915,434Liabilities 2017: $3,912,870Net Assets 2017: $1,002,5642017Assets 2018: $5,944,760Liabilities 2018: $12,186,048Net Assets 2018: -$6,241,2882018Assets 2019: $8,280,369Liabilities 2019: $14,971,979Net Assets 2019: -$6,691,6102019Assets 2020: $8,748,510Liabilities 2020: $16,185,745Net Assets 2020: -$7,437,2352020Assets 2021: $16,558,259Liabilities 2021: $13,844,874Net Assets 2021: $2,713,3852021Assets 2022: $18,623,018Liabilities 2022: $14,677,380Net Assets 2022: $3,945,6382022Assets 2023: $18,917,961Liabilities 2023: $14,118,396Net Assets 2023: $4,799,5652023Assets 2024: $19,405,457Liabilities 2024: $13,575,832Net Assets 2024: $5,829,6252024

Highlighted filing

2014

Assets$3,399,936
Liabilities$2,197,907
Net Assets$1,202,029
Open 2014 Filing

Operations Trend

Revenue Growth33rd percentile

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

$30M$20M$10M$0-$10MExpenses 2011: $3,137,7722011Revenue 2012: $3,377,221Expenses 2012: $3,234,393Net Income 2012: $142,8282012Expenses 2013: $3,644,5982013Revenue 2014: $3,320,813Expenses 2014: $3,323,166Net Income 2014: -$2,3532014Revenue 2015: $3,652,411Expenses 2015: $3,311,999Net Income 2015: $340,4122015Revenue 2016: $4,016,048Expenses 2016: $3,738,679Net Income 2016: $277,3692016Revenue 2017: $5,801,812Expenses 2017: $5,763,999Net Income 2017: $37,8132017Revenue 2018: $7,854,799Expenses 2018: $8,179,500Net Income 2018: -$324,7012018Revenue 2019: $8,428,762Expenses 2019: $8,879,084Net Income 2019: -$450,3222019Revenue 2020: $9,262,664Expenses 2020: $10,008,289Net Income 2020: -$745,6252020Revenue 2021: $20,360,204Expenses 2021: $10,209,584Net Income 2021: $10,150,6202021Revenue 2022: $12,861,729Expenses 2022: $11,629,476Net Income 2022: $1,232,2532022Revenue 2023: $13,101,242Expenses 2023: $12,278,405Net Income 2023: $822,8372023Revenue 2024: $13,841,843Expenses 2024: $13,008,030Net Income 2024: $833,8132024

Highlighted filing

2014

Revenue$3,320,813
Expenses$3,323,166
Net Income-$2,353
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Dec 2, 2014
Return Version
2013v4.0
Gross Receipts
$3,320,813
Mission and Program Overview

Mission

Operate a public charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,932,221$2,805,138▼ $127,083
Cash and Non-Interest-Bearing Accounts$315,058$471,891▲ $156,833
Accounts Receivable$99,530$92,890▼ $6,640
Prepaid Expenses and Deferred Charges$32,223$30,017▼ $2,206
Total Assets$3,379,032$3,399,936▲ $20,904
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,114,365$2,030,971▼ $83,394
Deferred Revenue-$131,099-
Accounts Payable and Accrued Expenses$60,285$35,837▼ $24,448
Total Liabilities$2,174,650$2,197,907▲ $23,257
Net Assets / Fund Balance
Temporarily Rstr Net Assets$817,856$902,178▲ $84,322
Unrestricted Net Assets$386,526$299,851▼ $86,675
Total Net Assets Fund Balance$1,204,382$1,202,029▼ $2,353
Total Liabilities and Net Assets / Fund Balance$3,379,032$3,399,936▲ $20,904

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,696,757$508,641$3,205,398
Equipment$93,537$164,776$258,313
Land$14,844-$14,844
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleBaseTotal
Michael VeranoDirector$101,513$101,513

Board Members and Trustees

NameTitle
Alice SchulteChair
Campbell WilsonDirector
Jonathan EideDirector
Kwain BryantDirector
Tiffany FlowersSchool Leader
Vida HarveySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,276,864
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$43,949
All Other Contributions
$295,175
Change in Net Assets
$-2,353

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,320,813
Total Revenue per Audited Statements
$3,320,813
Total Revenue per Form 990
$3,320,813
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,374,787
Other Expenses$948,379
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,737,944$66,465$0$1,804,409
Pension Plan Contributions$250,464$7,717$0$258,181
Other Employee Benefits$150,786$9,171$0$159,957
Payroll Taxes$146,574$5,666$0$152,240
Depreciation Depletion$39,137$94,690$0$133,827
Office Expenses$68,480$56,692$0$125,172
All Other Expenses$60,007$52,446$0$112,453
Interest$0$93,108$0$93,108
Other Expenses$0$86,303$0$86,303
Conferences and Meetings$75,353$456$0$75,809
Occupancy$8,219$57,754$0$65,973
Insurance$0$18,932$0$18,932
Information Technology$11,949$350$0$12,299
Fees for Services Accounting$0$8,400$0$8,400
Advertising$0$6,565$0$6,565
Travel$5,960$0$0$5,960
Total Functional Expenses$2,663,130$660,036$0$3,323,166

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,323,166
Total Expenses per Audited Statements$3,323,166
Total Expenses per Form 990$3,323,166
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Filing and Contact Details

Filer

EIN
20-5664061
Phone
7045372044

Signing Officer

Name
Alice Schulte
Title
Chair
Phone
7045372044
Signed
2014-12-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Chudzicki
Formed
2007
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
63
Volunteers
60

Preparer

Preparer
Darrell L Keller
Phone
7047390771
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Form 990 is reviewed prior to filing.”

Pt VI, Line 12C

“Conflict of interest statements are signed annually.”

Pt VI, Line 15B

“Salaries are compared to other charter schools.”

Pt VI, Line 15A

“Salaries are compared to other charter schools.”

Form 990, Part IX, Line 24F

“Non capital equipment 42458. 41978. 480. 0. Repairs & maint. 53780. 1814. 51966. 0. Field trips 16215. 16215. 0. 0.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02696757
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0508641
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03205398
IRS990ScheduleD/EquipmentGrp/BookValueAmt093537
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0164776
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0258313
IRS990ScheduleD/ExpensesSubtotalAmt03323166
IRS990ScheduleD/LandGrp/BookValueAmt014844
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt014844
IRS990ScheduleD/RevenueSubtotalAmt03320813
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02805138
IRS990ScheduleD/TotalExpensesPerForm990Amt03323166
IRS990ScheduleD/TotalRevenuePerForm990Amt03320813
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03320813
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03323166
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THIS IS A PUBLIC CHARTER SCHOOL AND AS SUCH ADHERES TO ALL REGULATIONS PUT FORTH BY THE NC DEPARTMENT OF PUBLIC INSTRUCTION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1N/A
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is reviewed prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of interest statements are signed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Salaries are compared to other charter schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Salaries are compared to other charter schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NON CAPITAL EQUIPMENT 42458. 41978. 480. 0. REPAIRS & MAINT. 53780. 1814. 51966. 0. FIELD TRIPS 16215. 16215. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0817856
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0902178
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03379032
IRS990/TotalAssetsEOYAmt03399936
IRS990/TotalAssetsGrp/BOYAmt03379032
IRS990/TotalAssetsGrp/EOYAmt03399936
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03276864
IRS990/TotalEmployeeCnt063
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0660036
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02663130
IRS990/TotalFunctionalExpensesGrp/TotalAmt03323166
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02174650
IRS990/TotalLiabilitiesEOYAmt02197907
IRS990/TotalLiabilitiesGrp/BOYAmt02174650
IRS990/TotalLiabilitiesGrp/EOYAmt02197907
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01204382
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01202029
IRS990/TotalProgramServiceExpensesAmt02663130
IRS990/TotalReportableCompFromOrgAmt0101513
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt043949
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03320813
IRS990/TotalVolunteersCnt060
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03379032
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03399936
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt05960
IRS990/TravelGrp/TotalAmt05960
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0386526
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0299851
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10931 Wilann Dr
IRS990/USAddress/City0Charlotte
IRS990/USAddress/State0NC
IRS990/USAddress/ZIPCode028215
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALICE SCHULTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum07045372044
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-12-02
ReturnHeader/Filer/BusinessName/BusinessNameLine10KIPP Academy Charlotte
ReturnHeader/Filer/BusinessNameControlTxt0KIPP
ReturnHeader/Filer/EIN0205664061
ReturnHeader/Filer/PhoneNum07045372044
ReturnHeader/Filer/USAddress/AddressLine10931 Wilann Drive
ReturnHeader/Filer/USAddress/City0Charlotte
ReturnHeader/Filer/USAddress/State0NC
ReturnHeader/Filer/USAddress/ZIPCode028215
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Darrell L Keller CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10PO Box 1028
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Kings Mountain
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NC

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,399,936
Liabilities
$2,197,907
Net assets
$1,202,029
Revenue
$3,320,813
Expenses
$3,323,166
Net income
-$2,353
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.4$13.6$5.83$13.8$13.0$0.83
2023Detailed filing. Detailed filing data is available for this year.$18.9$14.1$4.80$13.1$12.3$0.82
2022Detailed filing. Detailed filing data is available for this year.$18.6$14.7$3.95$12.9$11.6$1.23
2021Detailed filing. Detailed filing data is available for this year.$16.6$13.8$2.71$20.4$10.2$10.2
2020Detailed filing. Detailed filing data is available for this year.$8.75$16.2$7.44$9.26$10.0$0.75
2019Detailed filing. Detailed filing data is available for this year.$8.28$15.0$6.69$8.43$8.88$0.45
2018Detailed filing. Detailed filing data is available for this year.$5.94$12.2$6.24$7.85$8.18$0.32
2017Detailed filing. Detailed filing data is available for this year.$4.92$3.91$1.00$5.80$5.76$0.04
2016Detailed filing. Detailed filing data is available for this year.$3.96$2.99$0.96$4.02$3.74$0.28
2015Detailed filing. Detailed filing data is available for this year.$3.74$3.05$0.69$3.65$3.31$0.34
2014Detailed filing. Detailed filing data is available for this year.$3.40$2.20$1.20$3.32$3.32$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.38$2.17$1.20$3.64
2012Summary only. Only limited summary data is available for this year.$3.66$2.41$1.26$3.38$3.23$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.63$2.52$1.11$3.14