Civic Intelligence

Kipp Indianapolis Inc.

990 • Fiscal year 2013 • EIN 30-0145826

Jul 01, 2012 to Jun 30, 2013 • Filed on Apr 21, 2014

3202 E 42nd Street46205
Siviq Scores

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

Liabilities / Assets

51st percentile

0.12x

Higher debt load relative to assets than 51% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

5th percentile

-24%

Faster asset growth than 5% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$3,162,097

Down $1,006,239 (-24%) from 2012

Net Assets

Up

$2,776,759

Up $428,651 (+18%) from 2012

Liabilities

Down

$385,338

Down $1,434,890 (-79%) from 2012

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$3,238,332

Up $427,367 (+15%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2011: $1,452,076Liabilities 2011: $1,661,953Net Assets 2011: -$209,8772011Assets 2012: $4,168,336Liabilities 2012: $1,820,228Net Assets 2012: $2,348,1082012Assets 2013: $3,162,097Liabilities 2013: $385,338Net Assets 2013: $2,776,7592013Assets 2014: $3,449,918Liabilities 2014: $741,146Net Assets 2014: $2,708,7722014Assets 2016: $2,303,668Liabilities 2016: $875,279Net Assets 2016: $1,428,3892016Assets 2017: $2,204,224Liabilities 2017: $549,349Net Assets 2017: $1,654,8752017Assets 2018: $2,820,746Liabilities 2018: $758,430Net Assets 2018: $2,062,3162018Assets 2019: $13,481,434Liabilities 2019: $10,768,224Net Assets 2019: $2,713,2102019Assets 2020: $16,347,155Liabilities 2020: $13,361,838Net Assets 2020: $2,985,3172020Assets 2021: $17,764,199Liabilities 2021: $13,136,683Net Assets 2021: $4,627,5162021Assets 2022: $19,111,079Liabilities 2022: $13,256,059Net Assets 2022: $5,855,0202022Assets 2023: $20,460,476Liabilities 2023: $14,624,004Net Assets 2023: $5,836,4722023Assets 2024: $21,214,730Liabilities 2024: $13,582,835Net Assets 2024: $7,631,8952024

Highlighted filing

2013

Assets$3,162,097
Liabilities$385,338
Net Assets$2,776,759

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2011: $2,256,0942011Expenses 2012: $2,810,9652012Expenses 2013: $3,238,3322013Revenue 2014: $3,469,282Expenses 2014: $3,537,269Net Income 2014: -$67,9872014Revenue 2016: $6,403,825Expenses 2016: $6,004,941Net Income 2016: $398,8842016Revenue 2017: $7,082,062Expenses 2017: $6,753,634Net Income 2017: $328,4282017Revenue 2018: $8,326,911Expenses 2018: $7,777,167Net Income 2018: $549,7442018Revenue 2019: $9,957,507Expenses 2019: $9,306,613Net Income 2019: $650,8942019Revenue 2020: $13,110,819Expenses 2020: $12,838,712Net Income 2020: $272,1072020Revenue 2021: $17,067,783Expenses 2021: $15,425,584Net Income 2021: $1,642,1992021Revenue 2022: $22,227,841Expenses 2022: $21,000,337Net Income 2022: $1,227,5042022Revenue 2023: $24,480,597Expenses 2023: $24,499,145Net Income 2023: -$18,5482023Revenue 2024: $28,293,281Expenses 2024: $26,497,858Net Income 2024: $1,795,4232024

Highlighted filing

2013

Revenue-
Expenses$3,238,332
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Apr 21, 2014
Return Version
2012v2.3
Gross Receipts
$3,666,983
Mission and Program Overview

Mission

Kipp indy is a network of tuition-free, open-enrollment, college preparatory, public charter schools. Kipp indy's mission is to create a network of schools that provides educationally underserved children with a rigorous education that builds the desire and ability necessary to thrive in college and beyond.

Filing and Contact Details

Filer

EIN
30-0145826
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IRS990/Description0THE ACADEMIC PROGRAM OF THE SCHOOL IS DESIGNED TO CHALLENGE EVERY STUDENT TO ACHIEVE ON OR ABOVE GRADE LEVEL PERFORMANCE IN ALL ACADEMIC SUBJECTS. WHILE STUDENTS MAY ENTER THE SCHOOL BELOW GRADE LEVEL IN MANY AREAS, THE SCHOOL IS PREPARED FOR THE CHALLENGE OF EQUIPPING STUDENTS WITH THE KNOWLEDGE, SKILLS, AND HABITS NECESSARY FOR SUCCESS IN AN ACADEMICALLY RIGOROUS COLLEGE PREPARATORY HIGH SCHOOL. THE SCHOOLS CURRICULUM IS BASED UPON THE INDIANA ACADEMIC STANDARDS AND IS TAUGHT RIGOROUSLY TO ENSURE THAT STUDENTS ARE PREPARED FOR A COLLEGE PREPARATORY HIGH SCHOOL UPON COMPLETION OF THE 8TH GRADE. THE SCHOOL PROVIDES AN AGE-APPROPRIATE CURRICULUM FOR READING, LANGUAGE ARTS, MATH, SCIENCE, AND SOCIAL STUDIES AT EACH GRADE LEVEL. SPANISH IS ALSO OFFERED TO OUR SIXTH THROUGH EIGHTH GRADERS, AND ALL STUDENTS ARE ENROLLED IN PHYSICAL EDUCATION. TEACHERS ALSO LEAD AN ADVISORY ROLE, WHICH CONSISTS OF INSTRUCTION IN THE VALUES, LIFE SKILLS, AND STUDY SKILLS.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE SCHOOL HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. CURRENTLY, THE TAX YEARS OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ARE THE 2009, 2010, AND 2011 TAX YEARS. HOWEVER, THE SCHOOL IS NOT CURRENTLY UNDER AUDIT NOR HAS THE SCHOOL BEEN CONTACTED BY ANY JURISDICTION. BASED ON THE EVALUATION OF THE ACADEMY'S TAX POSITIONS, MANAGEMENT BELIEVES ALL TAX POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEARS ENDED JUNE 30, 2013 OR 2012.
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IRS990ScheduleE/DiscriminateRaceOtherActy0false
IRS990ScheduleE/DiscriminateRaceScholarships0false
IRS990ScheduleE/DiscriminateRaceStudentsRights0false
IRS990ScheduleE/DiscriminateRaceUseOfFclts0false
IRS990ScheduleE/Form990ScheduleEPartII/Explanation0THE ORGANIZATION IS A PUBLIC SCHOOL PURSUANT TO ENABLING STATURE IC 205522 THE ORGANIZATION IS SUBJECT TO ALL FEDERAL AND STATE LAWS THAT PROHIBIT DISCRIMINATION
IRS990ScheduleE/Form990ScheduleEPartII/Explanation1RECEIVED GOVERNMENTAL GRANT TO SUPPORT EDUCATION
IRS990ScheduleE/Form990ScheduleEPartII/Identifier0PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATION
IRS990ScheduleE/Form990ScheduleEPartII/Identifier1FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION
IRS990ScheduleE/Form990ScheduleEPartII/ReturnReference0SCHEDULE E LINE 3
IRS990ScheduleE/Form990ScheduleEPartII/ReturnReference1SCHEDULE E LINE 6
IRS990ScheduleE/GovernmentFinancialAidReceived0true
IRS990ScheduleE/GovernmentFinancialAidRevoked0false
IRS990ScheduleE/MaintCopiesOfAllSolicitations0true
IRS990ScheduleE/MaintCopiesOfBrochuresEtc0true
IRS990ScheduleE/MaintRacialCompositionRecords0true
IRS990ScheduleE/MaintScholarshipsRecords0true
IRS990ScheduleE/NondiscriminatoryPolicyStmt0true
IRS990ScheduleE/PolicyPublViaBroadcastMedia0true
IRS990ScheduleE/PolicyStatementInBrochuresEtc0true
IRS990/ScheduleJRequired0false
IRS990ScheduleO/GeneralExplanation/Explanation0THE SCHOOL IS A FREE, OPEN-ENROLLMENT, PUBLIC COLLEGE PREPARATORY MIDDLE SCHOOL DEDICATED TO PREPARING STUDENTS IN THE UNDER-SERVED COMMUNITIES OF INDIANAPOLIS FOR SUCCESS IN COLLEGE AND LIFE. A LONGER SCHOOL DAY, ACADEMIC AND CHARACTER DEVELOPMENT, A RELENTLESS FOCUS ON STUDENT OUTCOMES AND COLLEGE COMPLETION COUPLED WITH UNPARALLELED PROFESSIONAL DEVELOPMENT PROGRAMS FOR TEACHERS AND SCHOOL LEADERS CREATE THE KIPP EFFECT.
IRS990ScheduleO/GeneralExplanation/Explanation1ALSO OFFERED TO OUR SIXTH THROUGH EIGHTH GRADERS, AND ALL STUDENTS ARE ENROLLED IN PHYSICAL EDUCATION. TEACHERS ALSO LEAD AN ADVISORY ROLE, WHICH CONSISTS OF INSTRUCTION IN THE VALUES, LIFE SKILLS, AND STUDY SKILLS.
IRS990ScheduleO/GeneralExplanation/Explanation2EACH BOARD MEMEBER WILL RECEIVE A COPY OF THE RETURN VIA EMAIL, AND WILL HAVE AN OPPORTUNITY TO REVIEW THE RETURN BEFORE THE BOARD OFFICER SIGNS IT.
IRS990ScheduleO/GeneralExplanation/Explanation3CONFLICT OF INTEREST STATEMENTS ARE SIGNED ANNUALLY BY ALL BOARD MEMBERS AND EMPLOYEES. BOARD MEMBERS ARE NOT ALLOWED TO VOTE ON ANY ISSUES IN WHICH THEY HAVE OR APPEAR TO HAVE A CONFLICT OF INTEREST.
IRS990ScheduleO/GeneralExplanation/Explanation4OFFICER'S COMPENSATION REVIEW AND APPROVAL PROCESS INCLUDING PERFORMANCE APPRAISALS ARE DETERMINED BY A SPECIAL COMMITTEE MADE UP OF BOARD MEMBERS. KEY EMPLOYEES AND ALL OTHER EMPLOYEES COMPENSATION REVIEW AND APPROVAL PROCESS INCLUDING PERFORMANCE APPRAISALS ARE PERFORMED BY AN OFFICER OF THE ORGANIZATION. ALL EMPLOYEES OF THE ORGANIZATION COMPENSATION IS BASED ON OVERALL JOB PERFORMANCE AND BENCH MARKS DETERMINED BY THE BOARD. PAY SCALES ARE BASED ON SIMILAR POSITIONS AND PERFORMANCE STANDARDS CONSISTENT FOR OTHER NOT-FOR-PROFIT ORGANIZATIONS OF SIMILAR SIZE AND FUNCTION.
IRS990ScheduleO/GeneralExplanation/Explanation5OFFICER'S COMPENSATION REVIEW AND APPROVAL PROCESS INCLUDING PERFORMANCE APPRAISALS ARE DETERMINED BY A SPECIAL COMMITTEE MADE UP OF BOARD MEMBERS. KEY EMPLOYEES AND ALL OTHER EMPLOYEES COMPENSATION REVIEW AND APPROVAL PROCESS INCLUDING PERFORMANCE APPRAISALS ARE PERFORMED BY AN OFFICER OF THE ORGANIZATION. ALL EMPLOYEES OF THE ORGANIZATION COMPENSATION IS BASED ON OVERALL JOB PERFORMANCE AND BENCH MARKS DETERMINED BY THE BOARD. PAY SCALES ARE BASED ON SIMILAR POSITIONS AND PERFORMANCE STANDARDS CONSISTENT FOR OTHER NOT-FOR-PROFIT ORGANIZATIONS OF SIMILAR SIZE AND FUNCTION.
IRS990ScheduleO/GeneralExplanation/Explanation6THE ACADEMY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE DISCUSSED AT BOARD MEETINGS, WHICH ARE OPEN TO THE PUBLIC. THE ACADEMY'S FINANCIAL STATEMENTS ARE MADE PUBLIC THROUGH THE FILING OF THE FORM 990. IN ADDITION, FINANCIAL REPORTING IS AVAILABLE THROUGH THE INDIANAPOLIS MAYOR'S OFFICE OF CHARTER SCHOOLS.
IRS990ScheduleO/GeneralExplanation/Explanation7LINE 11A: IN 2013, THE INDIANA LEGISLATURE PASSED AMENDMENTS TO THE INDIANA CHARTER SCHOOLS ACT THAT ALTERED THE MANNER IN WHICH CHARTER SCHOOLS ARE FUNDED. PRIOR TO ENACTMENT, CHARTER SCHOOLS RECEIVED FUNDING IN THE CALENDR YEAR FOLLOWING THE START OF THE ACADEMIC SCHOOL YEAR. AS SUCH , THE SCHOOL FOLLOWED THE PRACTICE OF RECOGNIZING AT JUNE 30 OF EACH YEAR A RECEIVABLE FOR PAYMENTS TO BE MADE TO THE SCHOOL IN THE SUBSEQUENT JULY THROUGH DEC. TIME PERIOD, WHICH REPRESENTED AMOUNTS DUE FOR SERVICES RENDERED. EFFECTIVE JULY 1 2013, SCHOOL FNDING WILL BE PAID FOLLOWING THE STATE OF IN FISCAL YEAR OF JULY THROUGH JUNE, WHICH IS SIMILAR TO THE SCHOOL'S ACADEMIC YEAR. AS PART OF THIS LEGISLATIVE AMENDMENT, THE FUNDING OWED TO THE SCHOOL UNDER PRIOR LEGISLATION FOR THE PERIOD JULY TO DECEMBER 2013 WILL NO LONGER BY PAID. IN THE SAME SESSION, THE INDIANA LEGISLATURE APPROPRIATED FUNDING FROM THE INDIANA GENERAL FUND TO REPAY INDIANA COMMON SCHOOL FUND LOANS AND ACCRUED INTEREST OUTSTANDING AS OF JUNE 30, 2013 ON BEHALF OF CHARTER SCHOOLS. THE SCHOOL RECEIVED FORGIVENESS OF ITS INDEBTEDNESS UNDER THESE OBLIGATIONS AS OF JUNE 30, 2013. THE EFFECT OF THESE LEGISLATIVE AMENDMENTS HAS BEEN REFLECTED ON THE FORM 990.
IRS990ScheduleO/GeneralExplanation/Identifier0ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/Identifier1FIRST ACCOMPLISHMENT DESCRIPTION
IRS990ScheduleO/GeneralExplanation/Identifier2ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier3ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier4COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/GeneralExplanation/Identifier5COMPENSATION PROCESS FOR OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier6GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/Identifier7ADDITIONAL INFORMATION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART VIII
IRS990/ScheduleORequired0true
IRS990/School0true
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0IN
IRS990/StatesWhereCopyOfReturnIsFiled0IN
IRS990/SubjectToProxyTax0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/TemporarilyRestrictedNetAssets/BOY041542
IRS990/TemporarilyRestrictedNetAssets/EOY011315
IRS990/Terminated0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.2$13.6$7.63$28.3$26.5$1.80
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.5$14.6$5.84$24.5$24.5$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.1$13.3$5.86$22.2$21.0$1.23
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.8$13.1$4.63$17.1$15.4$1.64
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.3$13.4$2.99$13.1$12.8$0.27
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$10.8$2.71$9.96$9.31$0.65
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.82$0.76$2.06$8.33$7.78$0.55
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.20$0.55$1.65$7.08$6.75$0.33
2016Detailed filing. Detailed filing data is available for this year.$2.30$0.88$1.43$6.40$6.00$0.40
2014Detailed filing. Detailed filing data is available for this year.$3.45$0.74$2.71$3.47$3.54$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.16$0.39$2.78$3.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.17$1.82$2.35$2.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$1.66$0.21$2.26