Civic Intelligence

Kipp Texas Future Fund

990 • Fiscal year 2021 • EIN 26-0279655

Jan 01, 2021 to Jun 30, 2021 • Filed on May 16, 2022

Organization ProfileN/A
10711 KIPP WayHouston, TX 77099

(832) 328-1051

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

Higher debt load relative to assets than 4% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

10th percentile

0.04x

Higher debt load relative to revenue than 10% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Net Margin

88th percentile

52%

Higher net margin than 88% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

4th percentile

$21,000

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Asset Growth

28th percentile

4.8%

Faster asset growth than 28% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

2nd percentile

-56%

Faster revenue growth than 2% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets4th percentile

Assets

Up

$117,258,366

Up $5,335,728 (+4.8%) from 2020

Net Assets

Up

$117,183,366

Up $5,316,728 (+4.8%) from 2020

Liabilities

Up

$75,000

Up $19,000 (+34%) from 2020

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin88th percentile

Revenue

Down

$1,807,500

Down $2,259,566 (-56%) from 2020

Expenses

Down

$869,849

Down $4,621,345 (-84%) from 2020

Net Income

Up

$937,651

Up $2,361,779 (+166%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$150M$100M$50M$0Assets 2010: $54,678,379Liabilities 2010: $3,246,229Net Assets 2010: $51,432,1502010Assets 2011: $53,748,872Liabilities 2011: $3,271,892Net Assets 2011: $50,476,9802011Assets 2012: $48,880,407Liabilities 2012: $1,103,225Net Assets 2012: $47,777,1822012Assets 2013: $49,448,662Liabilities 2013: $1,001,336Net Assets 2013: $48,447,3262013Assets 2014: $64,503,694Liabilities 2014: $1,001,336Net Assets 2014: $63,502,3582014Assets 2015: $76,356,225Liabilities 2015: $47,553Net Assets 2015: $76,308,6722015Assets 2016: $85,544,933Liabilities 2016: $58,882Net Assets 2016: $85,486,0512016Assets 2017: $102,602,340Liabilities 2017: $56,396Net Assets 2017: $102,545,9442017Assets 2018: $100,008,762Liabilities 2018: $53,446Net Assets 2018: $99,955,3162018Assets 2019: $105,273,593Liabilities 2019: $49,500Net Assets 2019: $105,224,0932019Assets 2020: $111,922,638Liabilities 2020: $56,000Net Assets 2020: $111,866,6382020Assets 2021: $117,258,366Liabilities 2021: $75,000Net Assets 2021: $117,183,3662021Assets 2022: $109,023,768Liabilities 2022: $69,000Net Assets 2022: $108,954,7682022Assets 2023: $117,603,105Liabilities 2023: $65,100Net Assets 2023: $117,538,0052023Assets 2024: $139,400,260Liabilities 2024: $89,078Net Assets 2024: $139,311,1822024

Highlighted filing

2021

Assets$117,258,366
Liabilities$75,000
Net Assets$117,183,366
Open 2021 Filing

Operations Trend

Revenue Growth2nd percentile

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

$20M$10M$0-$10MExpenses 2010: $6,837,1482010Expenses 2011: $2,725,7392011Expenses 2012: $4,821,4292012Revenue 2013: $3,855,705Expenses 2013: $3,730,429Net Income 2013: $125,2762013Revenue 2014: $17,422,549Expenses 2014: $3,732,106Net Income 2014: $13,690,4432014Revenue 2015: $14,420,886Expenses 2015: $293,316Net Income 2015: $14,127,5702015Revenue 2016: $8,474,186Expenses 2016: $493,763Net Income 2016: $7,980,4232016Revenue 2017: $13,409,870Expenses 2017: $1,634,988Net Income 2017: $11,774,8822017Revenue 2018: $3,772,316Expenses 2018: $3,211,106Net Income 2018: $561,2102018Revenue 2019: $1,745,055Expenses 2019: $6,401,073Net Income 2019: -$4,656,0182019Revenue 2020: $4,067,066Expenses 2020: $5,491,194Net Income 2020: -$1,424,1282020Revenue 2021: $1,807,500Expenses 2021: $869,849Net Income 2021: $937,6512021Revenue 2022: $2,357,604Expenses 2022: $385,114Net Income 2022: $1,972,4902022Revenue 2023: $2,194,208Expenses 2023: $432,604Net Income 2023: $1,761,6042023Revenue 2024: $16,089,910Expenses 2024: $484,103Net Income 2024: $15,605,8072024

Highlighted filing

2021

Revenue$1,807,500
Expenses$869,849
Net Income$937,651
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2021v4.2
Gross Receipts
$10,360,159
Mission and Program Overview

Mission

PHILO Finance Corporation provides financial support to public charter schools.

KIPP Texas Future Fund provides financial support to public charter schools like KIPP Texas, Inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$75,998,145$82,036,278▲ $6,038,133
Investments Program Related$28,500,000$28,500,000→ $0
Savings and Temporary Cash Investments$3,479,326$5,652,918▲ $2,173,592
Pledges and Grants Receivable$1,400,629$780,666▼ $619,963
Accounts Receivable$163,485$170,046▲ $6,561
Cash and Non-Interest-Bearing Accounts$2,364,409$85,500▼ $2,278,909
Prepaid Expenses and Deferred Charges$16,644$32,958▲ $16,314
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$111,922,638$117,258,366▲ $5,335,728
Liabilities
Accounts Payable and Accrued Expenses$56,000$75,000▲ $19,000
Total Liabilities$56,000$75,000▲ $19,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$79,397,190$85,243,381▲ $5,846,191
Net Assets With Donor Restrictions$32,469,448$31,939,985▼ $529,463
Total Net Assets Fund Balance$111,866,638$117,183,366▲ $5,316,728
Total Liabilities and Net Assets / Fund Balance$111,922,638$117,258,366▲ $5,335,728

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$214,746$214,746
Equipment$0$10,022$10,022
Investment Program Related Org$28,500,000--
Compensation and Service Providers
Top Officer Pay4th percentile

Employees

NameTitleBaseTotal
John MurphyTreas/CFO to 3/21$21,000$21,000

Board Members and Trustees

NameTitle
Kent WallaceChair from 3/21
Peter ShaperChair to 3/21
Sehba AliPresident from 3/21
Debbie HurwitzVice Chair to 3/21
Jayshree DesaiDirector
Bill BoyarDirector from 3/21
Gene AustinDirector from 3/21
Peter BrodskyDirector from 3/21
David MagdollDirector to 3/21
Ernie CockrellDirector to 3/21
Jaideep HebbarCFO from 3/21
Son HanDeputy CFO from 3/21

Highest Paid Contractors

ContractorServicesLocationCompensation
Fayez Sarofim & CoInvestment Mgt.909 Fannin St 2700, Houston, TX 77010$142,424
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,807,500
Other Revenue
$0
Change in Net Assets
$937,651

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,665,076
Revenue Not Reported on Financial Statements
$142,424
Revenue Not Reported on Form 990
$4,379,077
Total Revenue per Audited Statements
$6,044,153
Total Revenue per Form 990
$1,807,500
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$848,849
Salaries, Compensation, and Employee Benefits$21,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$142,424-$142,424
Insurance-$121,933-$121,933
Current Officers, Directors, Trustees, and Key Employees-$21,000-$21,000
Fees for Services Legal-$17,892-$17,892
Fees for Services Accounting-$12,500-$12,500
Other Expenses-$10,870-$10,870
Fees for Services Other-$4,554-$4,554
Office Expenses-$2,713-$2,713
Advertising-$1,500-$1,500
Total Functional Expenses$0$869,849$0$869,849

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$869,849
Expenses per Audited Statements$727,425
Total Expenses per Audited Statements$727,425
Expenses Not Reported on Financial Statements$142,424
Expenses Not Reported on Form 990$0
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
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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 4

“KIPP Texas Future Fund was initially incorporated in 2007 as KIPP Finance Corporation. Effective March 25, 2021, the organization amended its Bylaws to elect new Directors and designated KIPP Texas, Inc., a Texas non-profit corporation operating as an open-enrollment charter school, as the sole Member of the Corporation. Effective August 25, 2021, the organization filed an amendment to the Articles of Incorporation to change its name to KIPP Texas Future Fund.”

Form 990, Part VI, Section A, line 6

“Line 6 explanation - The sole member of the Corporation is KIPP Texas, Inc.”

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

“Line 11b Explanation - Form 990 is reviewed by the CFO of KIPP Texas, Inc. A copy of Form 990 was distributed to the governing body prior to filing with the IRS.”

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

“Board Members are excluded from voting in the event a conflict may exist and are regularly reminded of this obligation at Board Meetings. During the course of any decision-making at the board level, the directors provide insight into any entity where a conflict or relationship may exist and recuse themselves from participating in a vote. PHILO Finance Corp has a limited number of entities with which it contracts.”

Form 990, Part VI, Section B, line 15

“Compensation paid is an agreed-upon estimate of time allocated for the management of the organization. The amount is based a combination of the CFO/Treasurer's experience and an analysis of the hourly rate for a similar position.”

Form 990, Part VI, Section C, line 19

“PFC will provide these documents upon request from the public.”

Filing and Contact Details

Filer

Filer Name
KIPP Texas Future Fund
EIN
26-0279655
Phone
8323281051
Address
10711 KIPP Way, Houston, TX 77099

Signing Officer

Name
Son Han
Title
CFO
Phone
8323281051
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Son Han
Formed
2006
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
12

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027
Preparer
Barbara Murphy
Phone
7134395739
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IRS990/Form990PartVIISectionAGrp/TitleTxt8Director to 3/21
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0121933
IRS990/InsuranceGrp/TotalAmt0121933
IRS990/InvestmentIncomeGrp/ExclusionAmt0733038
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0733038
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt028500000
IRS990/InvestmentsProgramRelatedGrp/EOYAmt028500000
IRS990/InvestmentsPubTradedSecGrp/BOYAmt075998145
IRS990/InvestmentsPubTradedSecGrp/EOYAmt082036278
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0224768
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt0224768
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt08552659
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0KIPP Texas Future Fund provides capital dollars for public charter schools like KIPP Texas, Inc in line with donor intent. In addition, KIPP Texas Future Fund provides support to KIPP Texas when needed.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NameChangeInd0X
IRS990/NetAssetsOrFundBalancesBOYAmt0111866638
IRS990/NetAssetsOrFundBalancesEOYAmt0117183366
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01074462
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01074462
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt04379077
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt079397190
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt085243381
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02713
IRS990/OfficeExpensesGrp/TotalAmt02713
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Uncollectible amounts
IRS990/OtherExpensesGrp/Desc1Foreign tax
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0534463
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110870
IRS990/OtherExpensesGrp/TotalAmt0534463
IRS990/OtherExpensesGrp/TotalAmt110870
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01400629
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0780666
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016644
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt032958
IRS990/PrincipalOfficerNm0Son Han
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01765663
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt05010000
IRS990/PYInvestmentIncomeAmt02301403
IRS990/PYOtherExpensesAmt0444194
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-1424128
IRS990/PYSalariesCompEmpBnftPaidAmt037000
IRS990/PYTotalExpensesAmt05491194
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04067066
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0937651
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03479326
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05652918
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01765663
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0282827
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01999959
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt011008358
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt015056807
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0733038
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01312819
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01385454
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01288369
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01244523
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05964203
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.43690
IRS990ScheduleA/PublicSupportPY170Pct00.48650
IRS990ScheduleA/PublicSupportTotal170Amt09184328
IRS990ScheduleA/SubstantialContributorsTotAmt05872479
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01765663
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0282827
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01999959
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt011008358
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt015056807
IRS990ScheduleA/TotalSupportAmt021021010
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010022
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010022
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0142424
IRS990ScheduleD/ExpensesSubtotalAmt0727425
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0142424
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0142424
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt028500000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Note Receivable - KIPP Houston
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/NetUnrealizedGainsInvstAmt04379077
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0214746
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0214746
IRS990ScheduleD/RevenueNotReportedAmt04379077
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0142424
IRS990ScheduleD/RevenueSubtotalAmt01665076
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt028500000
IRS990ScheduleD/TotalExpensesPerForm990Amt0869849
IRS990ScheduleD/TotalRevenuePerForm990Amt01807500
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06044153
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0727425
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KIPP Texas Future Fund was initially incorporated in 2007 as KIPP Finance Corporation. Effective March 25, 2021, the organization amended its Bylaws to elect new Directors and designated KIPP Texas, Inc., a Texas non-profit corporation operating as an open-enrollment charter school, as the sole Member of the Corporation. Effective August 25, 2021, the organization filed an amendment to the Articles of Incorporation to change its name to KIPP Texas Future Fund.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Line 6 explanation - The sole member of the Corporation is KIPP Texas, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Line 11b Explanation - Form 990 is reviewed by the CFO of KIPP Texas, Inc. A copy of Form 990 was distributed to the governing body prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board Members are excluded from voting in the event a conflict may exist and are regularly reminded of this obligation at Board Meetings. During the course of any decision-making at the board level, the directors provide insight into any entity where a conflict or relationship may exist and recuse themselves from participating in a vote. PHILO Finance Corp has a limited number of entities with which it contracts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation paid is an agreed-upon estimate of time allocated for the management of the organization. The amount is based a combination of the CFO/Treasurer's experience and an analysis of the hourly rate for a similar position.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PFC will provide these documents upon request from the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0KIPP Texas Future Foundation
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1KIPP Texas Future Foundation
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0PHILO Houston LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1PHILO School Management LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0271275285
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1900946234
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt10
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1TX
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0Financial assistance to charter schools in Houston
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1Educational services
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt10
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt014027 Memorial Dr 115
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt110711 Kipp Way
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0Houston
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1Houston
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1TX
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd077079
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd177099
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0KIPP Texas
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0010639602
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Educational Services
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt010711 KIPP Way
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Houston
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd077099
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$117,258,366
Liabilities
$75,000
Net assets
$117,183,366
Revenue
$1,807,500
Expenses
$869,849
Net income
$937,651
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$139$0.09$139$16.1$0.48$15.6
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$118$0.07$118$2.19$0.43$1.76
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$109$0.07$109$2.36$0.39$1.97
2021Detailed filing. Detailed filing data is available for this year.$117$0.08$117$1.81$0.87$0.94
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$112$0.06$112$4.07$5.49$1.42
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$105$0.05$105$1.75$6.40$4.66
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$100$0.05$100.0$3.77$3.21$0.56
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$103$0.06$103$13.4$1.63$11.8
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$85.5$0.06$85.5$8.47$0.49$7.98
2015Detailed filing. Detailed filing data is available for this year.$76.4$0.05$76.3$14.4$0.29$14.1
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.5$1.00$63.5$17.4$3.73$13.7
2013Detailed filing. Detailed filing data is available for this year.$49.4$1.00$48.4$3.86$3.73$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.9$1.10$47.8$4.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.7$3.27$50.5$2.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.7$3.25$51.4$6.84
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