Civic Intelligence

Kipp Chicago Schools

990 • Fiscal year 2012 • EIN 30-0135927

Jul 01, 2011 to Jun 30, 2012 • Filed on Feb 01, 2013

Organization ProfileWWW.KIPPCHICAGO.ORG

View Organization Page

1945 South Halsted Street No 10160608
Siviq Scores

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

Liabilities / Assets

41st percentile

0.07x

Higher debt load relative to assets than 41% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

67th percentile

6.6%

Faster asset growth than 67% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$1,468,024

Up $409,631 (+39%) from 2010

Net Assets

Up

$1,365,667

Up $436,270 (+47%) from 2010

Liabilities

Down

$102,357

Down $26,639 (-21%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$4,899,161

Up $1,750,889 (+56%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$15M$10M$5.0M$0Assets 2010: $1,058,393Liabilities 2010: $128,996Net Assets 2010: $929,3972010Assets 2012: $1,468,024Liabilities 2012: $102,357Net Assets 2012: $1,365,6672012Assets 2014: $4,707,018Liabilities 2014: $528,730Net Assets 2014: $4,178,2882014Assets 2016: $5,939,977Liabilities 2016: $662,735Net Assets 2016: $5,277,2422016Assets 2017: $5,692,688Liabilities 2017: $1,204,167Net Assets 2017: $4,488,5212017Assets 2018: $7,845,427Liabilities 2018: $2,293,841Net Assets 2018: $5,551,5862018Assets 2020: $10,822,138Liabilities 2020: $4,945,739Net Assets 2020: $5,876,3992020Assets 2021: $13,709,561Liabilities 2021: $6,854,321Net Assets 2021: $6,855,2402021Assets 2022: $9,199,366Liabilities 2022: $2,641,224Net Assets 2022: $6,558,1422022Assets 2024: $13,243,063Liabilities 2024: $4,728,630Net Assets 2024: $8,514,4332024

Highlighted filing

2012

Assets$1,468,024
Liabilities$102,357
Net Assets$1,365,667
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$60M$40M$20M$0-$20MExpenses 2010: $3,148,2722010Expenses 2012: $4,899,1612012Revenue 2014: $12,412,285Expenses 2014: $11,644,604Net Income 2014: $767,6812014Revenue 2016: $16,261,916Expenses 2016: $16,052,808Net Income 2016: $209,1082016Revenue 2017: $18,686,859Expenses 2017: $19,429,636Net Income 2017: -$742,7772017Revenue 2018: $23,925,517Expenses 2018: $22,816,168Net Income 2018: $1,109,3492018Revenue 2020: $34,565,121Expenses 2020: $34,311,527Net Income 2020: $253,5942020Revenue 2021: $40,280,655Expenses 2021: $39,259,945Net Income 2021: $1,020,7102021Revenue 2022: $46,386,197Expenses 2022: $46,586,022Net Income 2022: -$199,8252022Revenue 2024: $55,266,270Expenses 2024: $53,375,996Net Income 2024: $1,890,2742024

Highlighted filing

2012

Revenue-
Expenses$4,899,161
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Feb 1, 2013
Return Version
2011v1.2
Gross Receipts
$4,971,702
Mission and Program Overview

Mission

The team at kipp chicago schools is guided by a simple, yet powerful mission: to create a network of excellent schools in chicago that teach our students the character and academic skills necessary to succeed in college and beyond, and to instill in them a desire to help change the world.

Filing and Contact Details

Filer

EIN
30-0135927
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IRS990/MissionDescription0KIPP ASCEND IS GUIDED BY A SIMPLE, YET POWERFUL MISSION: TO TEACH OUR STUDENTS THE CHARACTER AND ACADEMIC SKILLS NECESSARY TO SUCCEED IN COLLEGE AND BEYOND, TO BE HAPPY IN THE COMPETITIVE WORLD, AND TO INSTILL IN THEM A DESIRE TO HELP CHANGE THE WORLD.
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0KIPP ASCEND PROMOTES ITS NONDISCRIMINATION POLICY DURING THE REGISTRATION PROCESS. A COPY OF THIS POLICY IS AVAILABLE UPON REQUEST.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation1THE SCHOOL RECEIVES PER CAPITA TUITION FROM CHICAGO PUBLIC SCHOOLS AND PASS-THROUGH FUNDS FROM STATE AND FEDERAL GOVERNMENTAL AGENCIES.
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IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0MANAGEMENT SERVICES
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NameBusiness/BusinessNameLine10KIPP CHICAGO
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0FORMER OFFICER
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IRS990ScheduleL/Form990ScheduleLPartV/Explanation0SEE SCHEDULE O AND RELATED DISCLOSURE FOR PART VI SECTION A LINE 3 REGARDING KIPP CHICAGO.
IRS990ScheduleL/Form990ScheduleLPartV/Identifier0SCHEDULE L PART IV
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IRS990ScheduleO/GeneralExplanation/Explanation0BOARD MEMBERS KIM OSTER-HOLSTEIN AND SCOTT HOLSTEIN ARE MARRIED.
IRS990ScheduleO/GeneralExplanation/Explanation1BEGINNING JULY 1, 2010, KIPP CHICAGO, A TAX-EXEMPT ORGANIZATION, WILL PROVIDE OPERATIONAL, FUNDRAISING AND DEVELOPMENT SUPPORT TO THE SCHOOL AS WELL AS FUTURE KIPP PUBLIC SCHOOLS IN THE REGION. AS COMPENSATION TO KIPP CHICAGO FOR THE SERVICES RENDERED, THE SCHOOL PAYS KIPP CHICAGO A SERVICE FEE EQUAL TO 7% OF THE AMOUNT OF PUBLIC LOCAL AND STATE FUNDS (EXCLUDING FEDERAL ENTITLEMENTS) GRANTED TO THE SCHOOL. TOTAL SERVICE FEES PAID BY THE SCHOOL TO KIPP CHICAGO WAS $249,641 FOR THE YEAR ENDED JUNE 30, 2012. SINCE JULY 1, 2010, NICOLE BOARDMAN, WHO WAS PREVIOUSLY REPORTED ON THE SCHOOL'S FORM 990 AS AN OFFICER, IS NOW EMPLOYED BY AND IS AN OFFICER OF KIPP CHICAGO.
IRS990ScheduleO/GeneralExplanation/Explanation2AFTER FORM 990 IS PREPARED WITH THE ASSISTANCE OF THE SCHOOL'S CPA FIRM, IT IS REVIEWED AND EDITED BY MANAGEMENT. THEN, A PDF DRAFT OF FORM 990 IS E-MAILED TO BOARD MEMBERS IN ADVANCE, DISCUSSED, AND APPROVED FOR FINALIZATION.
IRS990ScheduleO/GeneralExplanation/Explanation3THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY TO WHICH ALL DIRECTORS, OFFICERS, AND STAFF ARE SUBJECT. PURSUANT TO POLICY, ALL COVERED PERSONS ARE REQUIRED TO ANNUALLY DISCLOSE ANY INTERESTS, RELATIONSHIPS, AND HOLDINGS THAT COULD POTENTIALLY RESULT IN A CONFLICT OF INTEREST AS A RESULT OF THE COVERED PERSON'S EMPLOYMENT BY KIPP ASCEND OR AS A MEMBER OF ITS BOARD OF DIRECTORS. ALL SUCH PERSONS ALSO AGREE THAT, IN THE COURSE OF MEETINGS OR ACTIVITIES, HE OR SHE WILL DISCLOSE ANY INTERESTS IN A TRANSACTION OR DECISION WHERE HE OR SHE (INCLUDING BUSINESS OR OTHER NONPROFIT AFFILIATIONS), HIS OR HER FAMILY AND/OR HIS OR HER SIGNIFICANT OTHER, EMPLOYER, OR CLOSE ASSOCIATES OR FRIENDS WILL RECEIVE A BENEFIT OR GAIN. ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST FOR STAFF (OTHER THAN OFFICERS) WOULD BE DETERMINED BY THE EXECUTIVE DIRECTOR AND REVIEWED BY THE GOVERNANCE COMMITTEE. ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST FOR DIRECTORS AND OFFICERS WOULD BE DETERMINED BY THE CHAIR AND OR VICE CHAIR AND REVIEWED BY THE FULL BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE. IF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST IS DISCLOSED, THE COVERED PERSON WOULD BE ASKED TO LEAVE THE ROOM FOR THE DISCUSSION AND WILL NOT BE PERMITTED TO VOTE ON THE MATTER.
IRS990ScheduleO/GeneralExplanation/Explanation4DURING THE ANNUAL BUDGET PROCESS, THE FINANCE COMMITTEE REVIEWS COMPARABLE SALARY DATA FROM THE CHICAGO PUBLIC SCHOOLS AND OTHER CHARTER SCHOOLS. THE BOARD OF DIRECTORS REVIEWS THE SALARIES AND APPROVES THEM.
IRS990ScheduleO/GeneralExplanation/Explanation5THE ORGANIZATION FURNISHES THIS INFORMATION UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION C, LINE 19
IRS990/ScheduleORequired01
IRS990/School01
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0IL
IRS990/StatesWhereCopyOfReturnIsFiled0IL
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/TemporarilyRestrictedNetAssets/BOY0194896
IRS990/TemporarilyRestrictedNetAssets/EOY0253573
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine101945 SOUTH HALSTED SUITE 101
IRS990/TheBooksAreInCareOf/AddressUS/City0CHICAGO
IRS990/TheBooksAreInCareOf/AddressUS/State0IL
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode060608
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10NICOLE BOARDMAN
IRS990/TheBooksAreInCareOf/TelephoneNumber03127338108
IRS990/TotalAssets/BOY01377455
IRS990/TotalAssetsBOY01377455
IRS990/TotalAssets/EOY01468024
IRS990/TotalAssetsEOY01468024
IRS990/TotalCompGT150K00
IRS990/TotalContributions04944813
IRS990/TotalExpensesCurrentYear04899161
IRS990/TotalExpensesPriorYear04231011
IRS990/TotalFunctionalExpenses/Fundraising050000
IRS990/TotalFunctionalExpenses/ManagementAndGeneral0558830
IRS990/TotalFunctionalExpenses/ProgramServices04290331
IRS990/TotalFunctionalExpenses/Total04899161
IRS990/TotalFundrsngExpCurrentYear050000

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,468,024
Liabilities
$102,357
Net assets
$1,365,667
Revenue
-
Expenses
$4,899,161
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$4.73$8.51$55.3$53.4$1.89
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.20$2.64$6.56$46.4$46.6$0.20
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$6.85$6.86$40.3$39.3$1.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$4.95$5.88$34.6$34.3$0.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.85$2.29$5.55$23.9$22.8$1.11
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.69$1.20$4.49$18.7$19.4$0.74
2016Detailed filing. Detailed filing data is available for this year.$5.94$0.66$5.28$16.3$16.1$0.21
2014Detailed filing. Detailed filing data is available for this year.$4.71$0.53$4.18$12.4$11.6$0.77
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$0.10$1.37$4.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.13$0.93$3.15