Civic Intelligence

Kipp Academy Charlotte

990 • Fiscal year 2021 • EIN 20-5664061

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 01, 2022

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

84th percentile

0.84x

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

2021 filings • NTEE B • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

68th percentile

0.68x

Higher debt load relative to revenue than 68% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Source year 2021

Net Margin

90th percentile

50%

Higher net margin than 90% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

33rd percentile

$111,947

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2021 filings • NTEE B • $10M-$25M nonprofits • Source year 2021

Asset Growth

93rd percentile

89%

Faster asset growth than 93% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

93rd percentile

120%

Faster revenue growth than 93% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$16,558,259

Up $7,809,749 (+89%) from 2020

Net Assets

Up

$2,713,385

Up $10,150,620 (+136%) from 2020

Liabilities

Down

$13,844,874

Down $2,340,871 (-14%) from 2020

Revenue

Up

$20,360,204

Up $11,097,540 (+120%) from 2020

Expenses

Up

$10,209,584

Up $201,295 (+2.0%) from 2020

Net Income

Up

$10,150,620

Up $10,896,245 (+1461%) from 2020

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

2021

Assets$16,558,259
Liabilities$13,844,874
Net Assets$2,713,385

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

2021

Revenue$20,360,204
Expenses$10,209,584
Net Income$10,150,620
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 1, 2022
Return Version
2020v4.1
Gross Receipts
$20,360,204
Mission and Program Overview

Mission

Operate a public charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,255,331$11,454,574▲ $9,199,243
Cash and Non-Interest-Bearing Accounts$1,806,874$3,674,722▲ $1,867,848
Savings and Temporary Cash Investments$26,947$1,066,423▲ $1,039,476
Accounts Receivable$350,984$328,516▼ $22,468
Prepaid Expenses and Deferred Charges$86,859$34,024▼ $52,835
Total Assets$8,748,510$16,558,259▲ $7,809,749
Other Assets Total$4,221,515$0▼ $4,221,515
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,588,648$13,711,604▲ $11,122,956
Other Liabilities$13,564,408$0▼ $13,564,408
Accounts Payable and Accrued Expenses$32,689$133,270▲ $100,581
Total Liabilities$16,185,745$13,844,874▼ $2,340,871
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-8,023,302$3,828,208▲ $11,851,510
Net Assets With Donor Restrictions$586,067$-1,114,823▼ $1,700,890
Total Net Assets Fund Balance$-7,437,235$2,713,385▲ $10,150,620
Total Liabilities and Net Assets / Fund Balance$8,748,510$16,558,259▲ $7,809,749

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,064,684$1,266,226$11,330,910
Land$1,369,040-$1,369,040
Equipment$20,850$185,500$206,350
Other Assets Org$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tiffany Flowers WashingtonExecutive DirectorFT$111,947$111,947
Christian DrakeOperations ManagerFT$106,672$106,672

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$20,163,959
Program Service Revenue
$58,587
Investment Income
$0
Other Revenue
$137,658
All Other Contributions
$921,063
Change in Net Assets
$10,150,620

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,360,204
Total Revenue per Audited Statements
$20,360,204
Total Revenue per Form 990
$20,360,204
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,014,786
Other Expenses$3,194,798
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,916,077$179,878$0$4,095,955
Pension Plan Contributions$1,700,323$8,309$0$1,708,632
Other Employee Benefits$625,256$24,021$0$649,277
Fees for Services Legal$0$597,781$0$597,781
Interest$0$439,505$0$439,505
All Other Expenses$323,767$68,276$0$392,043
Payroll Taxes$328,403$13,900$0$342,303
Occupancy$0$272,526$0$272,526
Office Expenses$156,038$77,877$0$233,915
Current Officers, Directors, Trustees, and Key Employees$218,619$0$0$218,619
Depreciation Depletion$8,549$196,298$0$204,847
Information Technology$106,236$0$0$106,236
Conferences and Meetings$95,146$0$0$95,146
Insurance$0$47,982$0$47,982
Advertising$0$34,882$0$34,882
Other Expenses$14,560$6,060$0$20,620
Fees for Services Accounting$0$13,250$0$13,250
Travel$985$0$0$985
Total Functional Expenses$7,832,973$2,376,611$0$10,209,584

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,209,584
Total Expenses per Audited Statements$10,209,584
Total Expenses per Form 990$10,209,584
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
Pension Deferrals$0
Net Pension Liability$0
Derivative Instrument-Int Rate Swap$0
OPEB Deferrals$0
Net OPEB Liability$0
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 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
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
Dinesh Chopra
Title
Chair
Phone
7045372044
Signed
2022-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dinesh Chopra
Formed
2007
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
104
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

Pt XI

Adoption of GASB 75 required restatement of beginning balance

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IRS990/InformationTechnologyGrp/ProgramServicesAmt0106236
IRS990/InformationTechnologyGrp/TotalAmt0106236
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt047982
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt047982
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt0439505
IRS990/InterestGrp/ProgramServicesAmt00
IRS990/InterestGrp/TotalAmt0439505
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01451726
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02255331
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011454574
IRS990/LandBldgEquipCostOrOtherBssAmt012906300
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Operate a public charter school
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02588648
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt013711604
IRS990/NetAssetsOrFundBalancesBOYAmt0-7437235
IRS990/NetAssetsOrFundBalancesEOYAmt02713385
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-8023302
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03828208
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0272526
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt0272526
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt077877
IRS990/OfficeExpensesGrp/ProgramServicesAmt0156038
IRS990/OfficeExpensesGrp/TotalAmt0233915
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04221515
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt024021
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0625256
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0649277
IRS990/OtherExpensesGrp/Desc0Field Trips
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/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1380482
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt215584
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt36060
IRS990/OtherExpensesGrp/ProgramServicesAmt0822
IRS990/OtherExpensesGrp/ProgramServicesAmt1130346
IRS990/OtherExpensesGrp/ProgramServicesAmt2207846
IRS990/OtherExpensesGrp/ProgramServicesAmt314560
IRS990/OtherExpensesGrp/TotalAmt0822
IRS990/OtherExpensesGrp/TotalAmt1510828
IRS990/OtherExpensesGrp/TotalAmt2223430
IRS990/OtherExpensesGrp/TotalAmt320620
IRS990/OtherLiabilitiesGrp/BOYAmt013564408
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0Auxillary space rentals
IRS990/OtherRevenueMiscGrp/Desc1Student activities
IRS990/OtherRevenueMiscGrp/Desc2Various
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/ExclusionAmt20
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt015561
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt146988
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt275109
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015561
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt146988
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt275109
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt20
IRS990/OtherRevenueTotalAmt0137658
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0179878
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03916077
IRS990/OtherSalariesAndWagesGrp/TotalAmt04095955
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013900
IRS990/PayrollTaxesGrp/ProgramServicesAmt0328403
IRS990/PayrollTaxesGrp/TotalAmt0342303
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08309
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01700323
IRS990/PensionPlanContributionsGrp/TotalAmt01708632
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt086859
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt034024
IRS990/PrincipalOfficerNm0Dinesh Chopra
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Food Service
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt058587
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt08869496
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt03632240
IRS990/PYOtherRevenueAmt054431
IRS990/PYProgramServiceRevenueAmt0338737
IRS990/PYRevenuesLessExpensesAmt0-745625
IRS990/PYSalariesCompEmpBnftPaidAmt06376049
IRS990/PYTotalExpensesAmt010008289
IRS990/PYTotalRevenueAmt09262664
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt010150620
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt020360204
IRS990/SavingsAndTempCashInvstGrp/BOYAmt026947
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01066423
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt010064684
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01266226
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011330910
IRS990ScheduleD/EquipmentGrp/BookValueAmt020850
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0185500
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0206350
IRS990ScheduleD/ExpensesSubtotalAmt010209584
IRS990ScheduleD/LandGrp/BookValueAmt01369040
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01369040
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt10
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt20
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Contributions to Pension Plan

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