Kipp Nyc Washington Heights Academy

“The organization has a service agreement with kipp nyc, llc, (a disregarded entity of kipp new york, inc.), a related entity which provides operational and administrative support to the school. Included in the services provided are human resources, technology, data, operations, finance and accounting, recruiting, fundraising, instructional training and progress monitoring.”

“Kipp nyc public charter schools (formally known as kipp nyc public charter schools ii) is the successor entity by merger to kipp nyc public charter schools, an education corporation, effective july 1, 2019, approved by the board of regents of the university of the state of new york, for and on behalf of the education department of the state of new york on july 15, 2019. Effective with the merger, the kipp nyc public charter schools (f/k/a kipp nyc public charter schools ii), changed its name to "kipp nyc public charter schools". The merger provided substantial operational efficiencies, by having all of the charter schools, except kipp academy charter school, authorized by the state university of new york and managed by one board. This structure is more streamlined and efficient and allows kipp pcs to serve students in a more cost-effective manner.”

“The form 990 has been prepared by an independent public accounting firm with the assistance of management. Management will provide the form 990 to the board of trustees before it is filed with the internal revenue service.”

“Kipp ny inc. Has adopted a conflict of interest policy for the guidance of all directors, officers and key employees of the corporation. Disclosure of material facts surrounding a conflict of interest shall be made to the chairperson of the board. A key employee who wishes to use staff assistance, services or facilities for purposes other than carrying out professional responsibilities must disclose the conflict to the chief operating officer of kipp nyc, inc., who will exercise discretion in allowing or disallowing the proposed use in accordance with the conflict of interest policy. Directors, officers and key employees are required to annually complete disclosure forms detailing any transactions that may present potential conflicts of interest. These signed disclosures are maintained by the organization and are also submitted to the department of education of new york state. The chairman of the board reviews all written disclosures of conflicts of interest, however related party transactions must go through a formal review by a quorum of the board consisting of independent directors. The board's independent directors review the transaction in question to determine its propriety, its impact on the organization and the availability of, and need for, any corrective measures.”

“The organization's determinations of compensation for the superintendent, other officers and key employees are based on compensation surveys, related market research, evaluation of performance and experience. Compensation for the aforementioned positions are determined annually and approved by the board of the organization. This process and the final determinations were timely documented.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon written request.”

“There have been no changes to the auditor selection or audit oversight process from the prior year.”