Jacksonville Alliance for Kipp Schools Inc.

“The corporation has one member, kipp jacksonville, inc. (ein: 26-4046741), a fl non-profit corporation with tax-exempt status under irc section 501 (c)3.”

“The sole member of the corporation, kipp jacksonville, inc., elects the board of directors and has the power to remove one or more directors with or without cause, provided that: a) the notice of the meeting at which removal is considered states the specific directors sought to be removed; and b) a separate vote is conducted for each director sought to be removed. Any vacancy created by such removal shall be filled by the member. However, the property, affairs and business of the corporation shall be managed by its board of directors and not by the sole member.”

“A draft copy of the return is provided to the board for review prior to filing with the irs.”

“The organization's conflict of interest policy requires that "interested persons" (as defined in the policy) report to the organization any financial interest that could constitute an actual or possible conflict of interest.”

“The organization does not compensate and does not have plans to compensate any officer, director, or employee. If, in the future, compensation is paid to any such person, the organization will adopt a process for determining compensation that includes review and approval by independent persons, comparability data, and contemporaneous substantiation.”

“Governing documents are made available upon request.”

“On july 1, 2017 there was a non cash gain on the disposition of assets due to the forgiveness of notes payable of 5,622,285 from the dissolution of mcduff, a related party.”

“This return is being amended to reflect information from the reissued 06.30.18 financial statement to correct the non cash gain and transfer of assets resulting from the dissolution of a related entity.”

“Jacksonville alliance for kipp schools, inc., primary exempt purpose is for the benefit of, to perform the functions of, or to carry out the purposes of kipp jacksonville, inc., so as long as kipp jacksonville inc., is described in section 509(a)(1) of the internal revenue code.”

“Transfer of assets mcduff qalicb, inc. -4,387,878 mcduff qalicb, inc. (ein: 27-3004832) transferred 4,387,878 to jacksonville alliance for kipp schools, inc. Due to the dissolution of mcduff qalicb, inc.”