Civic Intelligence

Kipp Socal Public Schools

990 • Fiscal year 2021 • EIN 26-1607268

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 23, 2022

3601 East First StreetLos Angeles, CA 90063

(213) 489-4461

Siviq Scores

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

Liabilities / Assets

38th percentile

0.17x

Higher debt load relative to assets than 38% of similar nonprofits.

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

Liabilities / Revenue

22nd percentile

0.15x

Higher debt load relative to revenue than 22% of similar nonprofits.

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

Net Margin

41st percentile

6.1%

Higher net margin than 41% of similar nonprofits.

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

Top Officer Pay

32nd percentile

$322,604

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

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

Asset Growth

54th percentile

13%

Faster asset growth than 54% of similar nonprofits.

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

Revenue Growth

57th percentile

14%

Faster revenue growth than 57% of similar nonprofits.

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

Assets

Up

$124,148,972

Up $13,941,109 (+13%) from 2020

Net Assets

Up

$103,609,785

Up $8,844,278 (+9.3%) from 2020

Liabilities

Up

$20,539,187

Up $5,096,831 (+33%) from 2020

Revenue

Up

$140,910,132

Up $17,331,910 (+14%) from 2020

Expenses

Up

$132,245,208

Up $13,032,989 (+11%) from 2020

Net Income

Up

$8,664,924

Up $4,298,921 (+98%) from 2020

Historical Trend

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2013: $16,169,287Liabilities 2013: $3,968,262Net Assets 2013: $12,201,0252013Assets 2014: $31,660,475Liabilities 2014: $3,492,830Net Assets 2014: $28,167,6452014Assets 2015: $45,381,447Liabilities 2015: $3,881,278Net Assets 2015: $41,500,1692015Assets 2016: $60,068,267Liabilities 2016: $3,995,287Net Assets 2016: $56,072,9802016Assets 2017: $72,695,659Liabilities 2017: $4,503,315Net Assets 2017: $68,192,3442017Assets 2018: $89,317,669Liabilities 2018: $5,572,750Net Assets 2018: $83,744,9192018Assets 2020: $110,207,863Liabilities 2020: $15,442,356Net Assets 2020: $94,765,5072020Assets 2021: $124,148,972Liabilities 2021: $20,539,187Net Assets 2021: $103,609,7852021Assets 2022: $153,373,380Liabilities 2022: $26,799,839Net Assets 2022: $126,573,5412022Assets 2024: $431,410,477Liabilities 2024: $291,375,688Net Assets 2024: $140,034,7892024

Highlighted filing

2021

Assets$124,148,972
Liabilities$20,539,187
Net Assets$103,609,785

Operations Trend

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

$300M$200M$100M$0-$100MExpenses 2013: $24,033,1772013Revenue 2014: $49,304,617Expenses 2014: $33,384,981Net Income 2014: $15,919,6362014Revenue 2015: $58,120,804Expenses 2015: $44,797,101Net Income 2015: $13,323,7032015Revenue 2016: $73,480,479Expenses 2016: $58,878,455Net Income 2016: $14,602,0242016Revenue 2017: $85,951,446Expenses 2017: $74,049,040Net Income 2017: $11,902,4062017Revenue 2018: $102,109,881Expenses 2018: $86,743,540Net Income 2018: $15,366,3412018Revenue 2020: $123,578,222Expenses 2020: $119,212,219Net Income 2020: $4,366,0032020Revenue 2021: $140,910,132Expenses 2021: $132,245,208Net Income 2021: $8,664,9242021Revenue 2022: $192,640,939Expenses 2022: $172,680,707Net Income 2022: $19,960,2322022Revenue 2024: $220,583,100Expenses 2024: $222,583,340Net Income 2024: -$2,000,2402024

Highlighted filing

2021

Revenue$140,910,132
Expenses$132,245,208
Net Income$8,664,924
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 23, 2022
Return Version
2020v4.2
Gross Receipts
$177,668,807
Mission and Program Overview

Mission

Together with families and communities, we create joyful, academically excellent schools that prepare students with the skills and confidence to pursue the paths they choose - college, career and beyond - so they can lead fulfilling lives and create a more just world.

Together with families and communities, we create joyful, academically excellent schools that prepare students with the skills and confidence to pursue the paths they choose-college, career and beyond- so they can lead fulfilling lives and create a more just world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$47,979,740$69,405,866▲ $21,426,126
Investments in Publicly Traded Securities$25,638,035$18,242,841▼ $7,395,194
Cash and Non-Interest-Bearing Accounts$5,967,117$16,992,853▲ $11,025,736
Savings and Temporary Cash Investments$19,156,490$8,005,158▼ $11,151,332
Other Notes and Loans Receivable, Net$5,400,000$5,400,000→ $0
Land, Buildings, and Equipment, Net$3,296,589$3,289,987▼ $6,602
Pledges and Grants Receivable$1,056,840$1,033,059▼ $23,781
Prepaid Expenses and Deferred Charges$1,278,007$72,435▼ $1,205,572
Total Assets$110,207,863$124,148,972▲ $13,941,109
Other Assets Total$435,045$1,706,773▲ $1,271,728
Liabilities
Accounts Payable and Accrued Expenses$13,184,682$9,892,013▼ $3,292,669
Deferred Revenue$315,688$7,450,654▲ $7,134,966
Other Liabilities$1,641,986$2,896,520▲ $1,254,534
Unsecured Notes Loans Payable$300,000$300,000→ $0
Total Liabilities$15,442,356$20,539,187▲ $5,096,831
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$91,050,435$99,362,674▲ $8,312,239
Net Assets With Donor Restrictions$3,715,072$4,247,111▲ $532,039
Total Net Assets Fund Balance$94,765,507$103,609,785▲ $8,844,278
Total Liabilities and Net Assets / Fund Balance$110,207,863$124,148,972▲ $13,941,109

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,441,749$2,097,558$3,539,307
Leasehold Improvements$917,618$1,818,832$2,736,450
Other Land Buildings$930,620-$930,620
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marcia AaronChief Executive OfficerFT$296,692$25,912$322,604
Cesar BocanegraChief Operating OfficerFT$243,201$22,118$265,319
Kyle SalyerChief Financial Officer/treasurerFT$226,799$30,213$257,012
Angella MartinezChief Executive Officer in ResidenceFT$216,115$20,719$236,834
Amber MedinaIntermin Chief of SchoolsFT$188,707$19,961$208,668
Manuel AcevesChief External Impact OfficerFT$172,366$23,222$195,588
Kim DammannManaging Director of Student ServicesFT$162,831$14,693$177,524
Kim DammannManaging Director of Student Service-$162,831$14,693$177,524
Erik HagstromDirector of Real EstateFT$164,450$9,595$174,045

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Dedicated Building Services LLCJanitorial Services4419 VAN NUYS BOULEVARD SUITE 209, Sherman Oaks, CA 91403$1,392,008
Scoot Education INCSubstitute Services3839 MAIN STREET, Culver City, CA 90232$959,810
La Central Iron WorksConstruction Contractor7413 S CENTRAL AVE, Los Angeles, CA 90001$544,693
First Choice Painting INCPainting Services23050 CASS AVE, Woodlands Hills, CA 91364$423,600
P2binvestor INC For Wing Education INCSubstitute Services700 S CLAREMONT SUITE 200, San Mateo, CA 94402$391,355
Revenue and Support

Revenue Composition

Contributions and Grants
$137,699,095
Program Service Revenue
$664
Investment Income
$589,216
Other Revenue
$2,621,157
All Other Contributions
$6,014,917
Change in Net Assets
$8,664,924

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Miscellaneous2$983,278Fair Value
Total Noncash Contributions2$983,278-

Audited Revenue Reconciliation

Revenue per Audited Statements
$140,910,132
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$310,734
Total Revenue per Audited Statements
$141,220,866
Total Revenue per Form 990
$140,910,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$82,022,626
Other Expenses$50,222,582
Total Fundraising Expense$1,392,298
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$58,925,651$7,120,422$802,720$66,848,793
Occupancy$18,389,839$259,729$38,216$18,687,784
Other Employee Benefits$6,026,705$1,434,693$187,279$7,648,677
Information Technology$4,819,919$532,363$78,330$5,430,612
Payroll Taxes$4,172,465$879,557$109,966$5,161,988
Fees for Services Other$2,865,516$1,264,191-$4,129,707
Pension Plan Contributions$1,474,186$306,505$42,174$1,822,865
Office Expenses$1,421,128$87,352-$1,508,480
All Other Expenses$1,182,732$319,867-$1,502,599
Depreciation Depletion$884,285$37,179-$921,464
Fees for Services Management-$917,965-$917,965
Advertising$273,761$350,103$126,319$750,183
Current Officers, Directors, Trustees, and Key Employees-$540,303-$540,303
Other Expenses$2,813,391$510,000-$510,000
Conferences and Meetings$459,169--$459,169
Insurance$314,405$59,925$7,294$381,624
Fees for Services Legal-$132,377-$132,377
Fees for Services Accounting-$70,718-$70,718
Travel$46,090--$46,090
Total Functional Expenses$112,029,661$18,823,249$1,392,298$132,245,208

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$132,376,588
Expenses per Audited Statements$132,245,208
Total Expenses per Form 990$132,245,208
Expenses Not Reported on Form 990$131,380
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,782,597
Fundraising Direct Expenses$131,380
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
R.r.r. Campaign$1,529,034$1,529,034$75,000$1,454,034
Giving Tuesday 12/1/20$151,250$151,250$250$151,000
Total Events$1,782,597$1,782,597$131,380$1,651,217
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent Liability$2,896,520
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The form is prepared by our independent auditors based on information provided by kipp socal public schools. Following an iterative review by kipp socal public schools' senior professionals and our independent auditors, the tax return is reviewed by the full board of directors prior to submission.

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

Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and chief executive officer. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.

Form 990, Part VI, Section B, Line 15

The board of directors approves the compensation of the chief executive officer and chief financial officer. The process includes review of comparability data, review and approval by the governance committee and contemporaneous substantiation of the deliberation and decision.

Form 990, Part VI, Section C, Line 19

All financial information is available on kipp socal's website; additional documentation is available upon request.

Form 990, Part VI, Section A, Line 8B

The organization has a real estate committee and governance committee with authority to act on behalf of the governing body.

Filing and Contact Details

Filer

Filer Name
Kipp Socal Public Schools
EIN
26-1607268
Phone
2134894461
Address
3601 EAST FIRST STREET, LOS ANGELES, CA 90063

Signing Officer

Name
Kyle Salyer
Title
Chief Financial Officer/treasurer
Phone
2134894461
Signed
2022-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kyle Salyer
Formed
2008
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
14
Employees
1,259
Volunteers
150

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Wade Mcmullen CPA
Phone
6268577300
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No changes in oversight or selection process from last year.

Financial Statement Notes

PART X, LINE 2:

Kipp socal is a nonprofit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Kipp socal has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. Kipp socal is subject to income tax on net income that is derived from business activities that are unrelated to the exempt purposes. Kipp socal files and exempt return and applicable unrelated business income tax return in the u.s. Federal jurisdiction and with the california franchise tax board.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 131,380.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 131,380.

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IRS990/ActivityOrMissionDesc0TOGETHER WITH FAMILIES AND COMMUNITIES, WE CREATE JOYFUL, ACADEMICALLY EXCELLENT SCHOOLS THAT PREPARE STUDENTS WITH THE SKILLS AND CONFIDENCE TO PURSUE THE PATHS THEY CHOOSE-COLLEGE, CAREER AND BEYOND- SO THEY CAN LEAD FULFILLING LIVES AND CREATE A MORE JUST WORLD.
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IRS990/Form990PartVIISectionAGrp/PersonNm1CESAR BOCANEGRA
IRS990/Form990PartVIISectionAGrp/PersonNm2KYLE SALYER
IRS990/Form990PartVIISectionAGrp/PersonNm3ANGELLA MARTINEZ
IRS990/Form990PartVIISectionAGrp/PersonNm4AMBER MEDINA
IRS990/Form990PartVIISectionAGrp/PersonNm5MANUEL ACEVES
IRS990/Form990PartVIISectionAGrp/PersonNm6ERIK HAGSTROM
IRS990/Form990PartVIISectionAGrp/PersonNm7KIM DAMMANN
IRS990/Form990PartVIISectionAGrp/PersonNm8JULIE MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm9LUIS RODRIGUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm10HEATHER LORD
IRS990/Form990PartVIISectionAGrp/PersonNm11FRANK REDDICK
IRS990/Form990PartVIISectionAGrp/PersonNm12NORMA PARRAZ
IRS990/Form990PartVIISectionAGrp/PersonNm13RANDY BISHOP
IRS990/Form990PartVIISectionAGrp/PersonNm14MEL CARLISLE
IRS990/Form990PartVIISectionAGrp/PersonNm15JONATHAN BERG
IRS990/Form990PartVIISectionAGrp/PersonNm16PHILIP FEDER
IRS990/Form990PartVIISectionAGrp/PersonNm17EJ KAVOUNAS
IRS990/Form990PartVIISectionAGrp/PersonNm18CARLOS BERMUDEZ
IRS990/Form990PartVIISectionAGrp/PersonNm19MARGARET ARMONA
IRS990/Form990PartVIISectionAGrp/PersonNm20MIKE MONTOYA
IRS990/Form990PartVIISectionAGrp/PersonNm21COURTNEY CRISWELL
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHIEF FINANCIAL OFFICER/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHIEF EXECUTIVE OFFICER IN RESIDENCE
IRS990/Form990PartVIISectionAGrp/TitleTxt4INTERMIN CHIEF OF SCHOOLS
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHIEF EXTERNAL IMPACT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR OF REAL ESTATE
IRS990/Form990PartVIISectionAGrp/TitleTxt7MANAGING DIRECTOR OF STUDENT SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21MEMBER
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IRS990/MissionDesc0TOGETHER WITH FAMILIES AND COMMUNITIES, WE CREATE JOYFUL, ACADEMICALLY EXCELLENT SCHOOLS THAT PREPARE STUDENTS WITH THE SKILLS AND CONFIDENCE TO PURSUE THE PATHS THEY CHOOSE - COLLEGE, CAREER AND BEYOND - SO THEY CAN LEAD FULFILLING LIVES AND CREATE A MORE JUST WORLD.
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IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc1KLARE TRANSFER
IRS990/OtherExpensesGrp/Desc2MEALS - STUDENT
IRS990/OtherExpensesGrp/Desc3KIPP LICENSE FEES
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IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0SALE OF EQUIPMENT/SUPPLIES

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