Civic Intelligence

Kipp Academy Charlotte

990 • Fiscal year 2017 • EIN 20-5664061

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 19, 2018

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

81st percentile

0.80x

Higher debt load relative to assets than 81% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

75th percentile

0.67x

Higher debt load relative to revenue than 75% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Net Margin

39th percentile

0.7%

Higher net margin than 39% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Asset Growth

79th percentile

24%

Faster asset growth than 79% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

89th percentile

44%

Faster revenue growth than 89% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$4,915,434

Up $957,219 (+24%) from 2016

Net Assets

Up

$1,002,564

Up $37,813 (+3.9%) from 2016

Liabilities

Up

$3,912,870

Up $919,406 (+31%) from 2016

Revenue

Up

$5,801,812

Up $1,785,764 (+44%) from 2016

Expenses

Up

$5,763,999

Up $2,025,320 (+54%) from 2016

Net Income

Down

$37,813

Down $239,556 (-86%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$4,915,434
Liabilities$3,912,870
Net Assets$1,002,564

Operations Trend

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

2017

Revenue$5,801,812
Expenses$5,763,999
Net Income$37,813
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 19, 2018
Return Version
2016v3.0
Gross Receipts
$5,801,812
Mission and Program Overview

Mission

Operate a public charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,585,234$2,482,405▼ $102,829
Cash and Non-Interest-Bearing Accounts$967,693$1,163,760▲ $196,067
Accounts Receivable$112,250$128,310▲ $16,060
Prepaid Expenses and Deferred Charges$52,349$31,760▼ $20,589
Total Assets$3,958,215$4,915,434▲ $957,219
Other Assets Total$240,689$1,109,199▲ $868,510
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,005,717$1,941,105▼ $64,612
Other Liabilities$848,672$1,724,012▲ $875,340
Accounts Payable and Accrued Expenses$103,260$123,954▲ $20,694
Deferred Revenue$35,815$123,799▲ $87,984
Total Liabilities$2,993,464$3,912,870▲ $919,406
Net Assets / Fund Balance
Temporarily Rstr Net Assets$585,234$549,053▼ $36,181
Unrestricted Net Assets$379,517$453,511▲ $73,994
Total Net Assets Fund Balance$964,751$1,002,564▲ $37,813
Total Liabilities and Net Assets / Fund Balance$3,958,215$4,915,434▲ $957,219

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,430,518$786,898$3,217,416
Equipment$37,043$238,089$275,132
Land$14,844-$14,844
Other Assets Org$5,438--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$5,712,491
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$89,321
All Other Contributions
$1,197,302
Change in Net Assets
$37,813

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,801,812
Total Revenue per Audited Statements
$5,801,812
Total Revenue per Form 990
$5,801,812
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,486,177
Other Expenses$2,277,822
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,418,728$135,010$0$2,553,738
All Other Expenses$188,277$391,986$0$580,263
Pension Plan Contributions$379,639$12,628$0$392,267
Other Employee Benefits$321,339$12,800$0$334,139
Other Expenses$25,492$306,338$0$331,830
Office Expenses$208,143$76,337$0$284,480
Occupancy$0$243,844$0$243,844
Payroll Taxes$195,130$10,903$0$206,033
Depreciation Depletion$15,694$92,953$0$108,647
Interest$0$89,423$0$89,423
Information Technology$51,433$0$0$51,433
Conferences and Meetings$41,108$0$0$41,108
Travel$35,550$0$0$35,550
Insurance$0$21,452$0$21,452
Advertising$0$9,317$0$9,317
Fees for Services Accounting$0$8,900$0$8,900
Fees for Services Legal$0$6,654$0$6,654
Total Functional Expenses$4,176,708$1,587,291$0$5,763,999

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,763,999
Total Expenses per Audited Statements$5,763,999
Total Expenses per Form 990$5,763,999
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$1,484,352
Pension Deferrals$234,222
Derivative Instrument-Int Rate Swap$5,438
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
2018-01-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Becky Winkler
Formed
2007
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
82
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 24E

Non Capital Equipment 127736. 127736. 0. 0.

Form 990, Part IX, Line 24E

Repairs & Maint. 59005. 0. 59005. 0.

Form 990, Part IX, Line 24E

Field Trips 60541. 60541. 0. 0.

Form 990, Part IX, Line 24E

Pupil Transportation 332981. 0. 332981. 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/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Operate a public charter school
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02005717
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01941105
IRS990/NetAssetsOrFundBalancesBOYAmt0964751
IRS990/NetAssetsOrFundBalancesEOYAmt01002564
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt033724
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt033724
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0243844
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt0243844
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt076337
IRS990/OfficeExpensesGrp/ProgramServicesAmt0208143
IRS990/OfficeExpensesGrp/TotalAmt0284480
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0240689
IRS990/OtherAssetsTotalGrp/EOYAmt01109199
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012800
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0321339
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0334139
IRS990/OtherExpensesGrp/Desc0Other
IRS990/OtherExpensesGrp/Desc1Contracted Services
IRS990/OtherExpensesGrp/Desc2Books and Supplies
IRS990/OtherExpensesGrp/Desc3Food Services
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt014627
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1137761
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt216358
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3306338
IRS990/OtherExpensesGrp/ProgramServicesAmt020017
IRS990/OtherExpensesGrp/ProgramServicesAmt1102739
IRS990/OtherExpensesGrp/ProgramServicesAmt2173419
IRS990/OtherExpensesGrp/ProgramServicesAmt325492
IRS990/OtherExpensesGrp/TotalAmt034644
IRS990/OtherExpensesGrp/TotalAmt1240500
IRS990/OtherExpensesGrp/TotalAmt2189777
IRS990/OtherExpensesGrp/TotalAmt3331830
IRS990/OtherLiabilitiesGrp/BOYAmt0848672
IRS990/OtherLiabilitiesGrp/EOYAmt01724012
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0Uniforms
IRS990/OtherRevenueMiscGrp/Desc1Other
IRS990/OtherRevenueMiscGrp/Desc2Lunch Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt010927
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt144622
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt248
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010927
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt144622
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt248
IRS990/OtherRevenueTotalAmt055597
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0135010
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02418728
IRS990/OtherSalariesAndWagesGrp/TotalAmt02553738
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010903
IRS990/PayrollTaxesGrp/ProgramServicesAmt0195130
IRS990/PayrollTaxesGrp/TotalAmt0206033
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012628
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0379639
IRS990/PensionPlanContributionsGrp/TotalAmt0392267
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt052349
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt031760
IRS990/PrincipalOfficerNm0BECKY WINKLER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03993858
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-43580
IRS990/PYOtherExpensesAmt01406545
IRS990/PYOtherRevenueAmt065770
IRS990/PYRevenuesLessExpensesAmt0277369
IRS990/PYSalariesCompEmpBnftPaidAmt02332134
IRS990/PYTotalExpensesAmt03738679
IRS990/PYTotalRevenueAmt04016048
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt037813
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt033724
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05801812
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02430518
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0786898
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03217416
IRS990ScheduleD/EquipmentGrp/BookValueAmt037043
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0238089
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0275132
IRS990ScheduleD/ExpensesSubtotalAmt05763999
IRS990ScheduleD/LandGrp/BookValueAmt014844
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt014844
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01103761
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt15438
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Contributions to Pension Plan
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Decrease on fair value-Interest Rate Swap
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0234222
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11484352
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25438
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Pension Deferrals
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Derivative Instrument-Int Rate Swap
IRS990ScheduleD/RevenueSubtotalAmt05801812
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02482405
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01109199
IRS990ScheduleD/TotalExpensesPerForm990Amt05763999
IRS990ScheduleD/TotalLiabilityAmt01724012
IRS990ScheduleD/TotalRevenuePerForm990Amt05801812
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05801812
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05763999
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

Document Assets

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Filings

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