Civic Intelligence

Kipp Academy Charlotte

990 • Fiscal year 2015 • EIN 20-5664061

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 30, 2016

Organization ProfileN/A
931 Wilann DriveCharlotte, NC 28215

(704) 537-2044

Siviq Scores

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

Liabilities / Assets

87th percentile

0.82x

Higher debt load relative to assets than 87% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

87th percentile

0.84x

Higher debt load relative to revenue than 87% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Net Margin

67th percentile

9.3%

Higher net margin than 67% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

31st percentile

$0

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Asset Growth

66th percentile

10%

Faster asset growth than 66% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

61st percentile

10.0%

Faster revenue growth than 61% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$3,742,230

Up $342,294 (+10%) from 2014

Net Assets

Down

$687,382

Down $514,647 (-43%) from 2014

Liabilities

Up

$3,054,848

Up $856,941 (+39%) from 2014

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin67th percentile

Revenue

Up

$3,652,411

Up $331,598 (+10.0%) from 2014

Expenses

Down

$3,311,999

Down $11,167 (-0.3%) from 2014

Net Income

Up

$340,412

Up $342,765 (+14567%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth66th 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

2015

Assets$3,742,230
Liabilities$3,054,848
Net Assets$687,382
Open 2015 Filing

Operations Trend

Revenue Growth61st 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

2015

Revenue$3,652,411
Expenses$3,311,999
Net Income$340,412
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 30, 2016
Return Version
2014v6.0
Gross Receipts
$3,652,411
Mission and Program Overview

Mission

Operate a public charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,805,138$2,700,580▼ $104,558
Cash and Non-Interest-Bearing Accounts$471,891$794,300▲ $322,409
Prepaid Expenses and Deferred Charges$30,017$149,538▲ $119,521
Accounts Receivable$92,890$97,812▲ $4,922
Total Assets$3,399,936$3,742,230▲ $342,294
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,030,971$1,955,218▼ $75,753
Deferred Revenue$131,099$950,350▲ $819,251
Accounts Payable and Accrued Expenses$35,837$149,280▲ $113,443
Total Liabilities$2,197,907$3,054,848▲ $856,941
Net Assets / Fund Balance
Temporarily Rstr Net Assets$902,178$748,284▼ $153,894
Unrestricted Net Assets$299,851$-60,902▼ $360,753
Total Net Assets Fund Balance$1,202,029$687,382▼ $514,647
Total Liabilities and Net Assets / Fund Balance$3,399,936$3,742,230▲ $342,294

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,616,423$600,993$3,217,416
Equipment$69,313$200,002$269,315
Land$14,844-$14,844
Compensation and Service Providers
Top Officer Pay31st percentile

Board Members and Trustees

NameTitle
Becky WinklerChair
Alice SchulteDirector
Barbara Maida-stolleDirector
Donna RogersDirector
Kwain BryantDirector
Michael VeranoDirector
Vida HarveySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,586,737
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$65,674
All Other Contributions
$519,221
Change in Net Assets
$340,412

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,652,411
Total Revenue per Audited Statements
$3,652,411
Total Revenue per Form 990
$3,652,411
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,959,682
Other Expenses$1,352,317
Total Fundraising Expense$31,585
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,411,987$76,685$0$1,488,672
All Other Expenses$152,900$152,788$0$305,688
Other Employee Benefits$173,087$10,566$0$183,653
Pension Plan Contributions$151,934$10,143$0$162,077
Office Expenses$99,342$50,085$0$149,427
Depreciation Depletion$32,287$95,291$0$127,578
Payroll Taxes$118,607$6,673$0$125,280
Other Expenses$0$91,264$0$91,264
Interest$0$89,557$0$89,557
Advertising$0$76,882$0$76,882
Information Technology$53,053$350$0$53,403
Occupancy$4,366$46,679$0$51,045
Conferences and Meetings$40,647$175$0$40,822
Insurance$0$17,139$0$17,139
Fees for Services Accounting$0$8,300$0$8,300
Travel$3,365$0$0$3,365
Total Functional Expenses$2,393,456$886,958$31,585$3,311,999

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,311,999
Total Expenses per Audited Statements$3,311,999
Total Expenses per Form 990$3,311,999
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

Filer Name
KIPP Academy Charlotte
EIN
20-5664061
Phone
7045372044
Address
931 Wilann Drive, Charlotte, NC 28215

Signing Officer

Name
Becky Winkler
Title
Chair
Phone
7045372044
Signed
2016-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Chudzicki
Formed
2007
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
59
Volunteers
60

Preparer

Firm
Darrell L Keller CPA PA
Address
PO Box 1028, Kings Mountain, NC 28086
Preparer
Darrell L Keller
Phone
7047390771
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Form 990 is reviewed by the board before filing.”

Pt VI, Line 12C

“Coflict of interest statements are signed annually.”

Pt VI, Line 15A

“Compared to other charter schools”

Pt VI, Line 15B

“Compared to other charter schools”

Form 990, Part IX, Line 24F

“Non capital equipment 130847. 130847. 0. 0. Repairs & maint. 38680. 0. 38680. 0. Field trips 22053. 22053. 0. 0. Pupil transportation 114108. 0. 114108. 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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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03652411
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02616423
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0600993
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03217416
IRS990ScheduleD/EquipmentGrp/BookValueAmt069313
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0200002
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0269315
IRS990ScheduleD/ExpensesSubtotalAmt03311999
IRS990ScheduleD/LandGrp/BookValueAmt014844
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt014844
IRS990ScheduleD/RevenueSubtotalAmt03652411
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02700580
IRS990ScheduleD/TotalExpensesPerForm990Amt03311999
IRS990ScheduleD/TotalRevenuePerForm990Amt03652411
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03652411
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03311999
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. SEE EXPLANATION ON PAGE ONE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1N/A
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is reviewed by the board before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Coflict of interest statements are signed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compared to other charter schools
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compared to other charter schools
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NON CAPITAL EQUIPMENT 130847. 130847. 0. 0. REPAIRS & MAINT. 38680. 0. 38680. 0. FIELD TRIPS 22053. 22053. 0. 0. PUPIL TRANSPORTATION 114108. 0. 114108. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0902178
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0748284
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03399936
IRS990/TotalAssetsEOYAmt03742230
IRS990/TotalAssetsGrp/BOYAmt03399936
IRS990/TotalAssetsGrp/EOYAmt03742230
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03586737
IRS990/TotalEmployeeCnt059
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt031585
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0886958
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02393456
IRS990/TotalFunctionalExpensesGrp/TotalAmt03311999
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02197907
IRS990/TotalLiabilitiesEOYAmt03054848
IRS990/TotalLiabilitiesGrp/BOYAmt02197907
IRS990/TotalLiabilitiesGrp/EOYAmt03054848
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01202029
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0687382
IRS990/TotalProgramServiceExpensesAmt02393456
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt065674
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03652411
IRS990/TotalVolunteersCnt060
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03399936
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03742230
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt03365
IRS990/TravelGrp/TotalAmt03365
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0299851
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-60902
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0931 Wilann Dr
IRS990/USAddress/CityNm0Charlotte
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028215
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BECKY WINKLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum07045372044
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KIPP Academy Charlotte
ReturnHeader/Filer/BusinessNameControlTxt0KIPP
ReturnHeader/Filer/EIN0205664061
ReturnHeader/Filer/PhoneNum07045372044
ReturnHeader/Filer/USAddress/AddressLine1Txt0931 Wilann Drive
ReturnHeader/Filer/USAddress/CityNm0Charlotte
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028215
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Darrell L Keller CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 1028
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Kings Mountain
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028086
ReturnHeader/PreparerPersonGrp/PhoneNum07047390771
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-12

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,742,230
Liabilities
$3,054,848
Net assets
$687,382
Revenue
$3,652,411
Expenses
$3,311,999
Net income
$340,412
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