Civic Intelligence

Kipp San Antonio Inc

990 • Fiscal year 2014 • EIN 41-2090713

Jul 01, 2013 to Jun 30, 2014 • Filed on Apr 08, 2015

731 Fredricksburg RoadSan Antonio, TX 78201

(210) 735-7300

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.54x

Higher debt load relative to assets than 73% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

73rd percentile

0.69x

Higher debt load relative to revenue than 73% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

29th percentile

-1.2%

Higher net margin than 29% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

40th percentile

$144,474

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

95th percentile

54%

Faster asset growth than 95% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

19th percentile

-8.1%

Faster revenue growth than 19% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$19,890,530

Up $6,956,369 (+54%) from 2013

Net Assets

Down

$9,165,632

Down $191,723 (-2.0%) from 2013

Liabilities

Up

$10,724,898

Up $7,148,092 (+200%) from 2013

Revenue

Down

$15,456,227

Down $1,358,308 (-8.1%) from 2013

Expenses

Up

$15,647,950

Up $1,767,862 (+13%) from 2013

Net Income

Down

-$191,723

Down $3,126,170 (-107%) from 2013

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2011: $10,711,168Liabilities 2011: $3,436,076Net Assets 2011: $7,275,0922011Assets 2012: $9,842,424Liabilities 2012: $3,707,189Net Assets 2012: $6,135,2352012Assets 2013: $12,934,161Liabilities 2013: $3,576,806Net Assets 2013: $9,357,3552013Assets 2014: $19,890,530Liabilities 2014: $10,724,898Net Assets 2014: $9,165,6322014Assets 2015: $33,450,648Liabilities 2015: $22,953,832Net Assets 2015: $10,496,8162015Assets 2016: $37,081,827Liabilities 2016: $20,966,275Net Assets 2016: $16,115,5522016Assets 2017: $66,856,600Liabilities 2017: $53,560,049Net Assets 2017: $13,296,5512017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2014

Assets$19,890,530
Liabilities$10,724,898
Net Assets$9,165,632

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2011: $10,264,084Expenses 2011: $9,352,862Net Income 2011: $911,2222011Revenue 2012: $9,253,267Expenses 2012: $11,083,165Net Income 2012: -$1,829,8982012Revenue 2013: $16,814,535Expenses 2013: $13,880,088Net Income 2013: $2,934,4472013Revenue 2014: $15,456,227Expenses 2014: $15,647,950Net Income 2014: -$191,7232014Revenue 2015: $22,423,761Expenses 2015: $21,092,577Net Income 2015: $1,331,1842015Revenue 2016: $31,529,291Expenses 2016: $25,910,555Net Income 2016: $5,618,7362016Revenue 2017: $33,539,315Expenses 2017: $36,358,316Net Income 2017: -$2,819,0012017Revenue 2018: $38,654,005Expenses 2018: $40,765,745Net Income 2018: -$2,111,7402018

Highlighted filing

2014

Revenue$15,456,227
Expenses$15,647,950
Net Income-$191,723
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Apr 8, 2015
Return Version
2013v4.0
Gross Receipts
$15,456,227
Mission and Program Overview

Mission

The mission of kipp san antonio is to enable students from underserved communities to develop the knowledge, skills, and character necessary to graduate from college, lead in their communities and command their future.

The mission of kipp san antonio is to enable students from underserved communities to develop the knowledge, skills and character necessary to graduate from college, lead in their communities and command their future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$8,359,618$8,198,028▼ $161,590
Land, Buildings, and Equipment, Net$3,187,278$6,317,665▲ $3,130,387
Other Notes and Loans Receivable, Net-$3,647,784-
Cash and Non-Interest-Bearing Accounts$1,135,768$1,563,888▲ $428,120
Accounts Receivable$158,729--
Prepaid Expenses and Deferred Charges$74,368$102,315▲ $27,947
Total Assets$12,934,161$19,890,530▲ $6,956,369
Other Assets Total$18,400$60,850▲ $42,450
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,063,925$9,688,164▲ $6,624,239
Accounts Payable and Accrued Expenses$512,881$1,036,734▲ $523,853
Total Liabilities$3,576,806$10,724,898▲ $7,148,092
Net Assets / Fund Balance
Temporarily Rstr Net Assets$9,107,186$8,910,741▼ $196,445
Unrestricted Net Assets$250,169$254,891▲ $4,722
Total Net Assets Fund Balance$9,357,355$9,165,632▼ $191,723
Total Liabilities and Net Assets / Fund Balance$12,934,161$19,890,530▲ $6,956,369

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,118,711$376,429$4,495,140
Land$1,947,685-$1,947,685
Equipment$49,924$969,141$1,019,065
Leasehold Improvements$201,345$311,906$513,251
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark LarsonChief Exec OFT$139,035$5,439$144,474
Ryan HudakCOOFT$130,975$7,026$138,001
Shawn MccormackDirector ofFT$46,875$3,361$50,236

Board Members and Trustees

NameTitle
Robert ScottBoard Chairm
Michael HumphreysVice Chairma
Chris CarmonaBoard Member
Rey SaldanaBoard Member
Tommy SmithBoard Member
William G MollSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
First Group AmericaStudent Transpo-$999,127
Texas Charter Schools AssociationMgmt Consulting-$148,585
Kipp FoundationLicensor/resour-$128,000
B E Contractors INCGen Contractor-$115,105
Bellwether Education PartnersincMgmt Consultant-$107,850
Revenue and Support

Revenue Composition

Contributions and Grants
$15,456,227
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,164,704
Change in Net Assets
$-191,723

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,456,227
Total Revenue per Audited Statements
$15,456,227
Total Revenue per Form 990
$15,456,227
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,705,814
Other Expenses$5,942,136
Total Fundraising Expense$160,302
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,850,195$372,300$119,722$8,342,217
Office Expenses$706,319$37,204$14,702$758,225
Occupancy$714,410$7,570-$721,980
Other Employee Benefits$640,570$61,516$3,813$705,899
Fees for Services Other$246,586$411,069$4,148$661,803
Travel$511,187$30,596$3,652$545,435
Current Officers, Directors, Trustees, and Key Employees-$316,885-$316,885
Other Expenses$258,129$151,674$10,937$258,129
Interest$255,133--$255,133
Payroll Taxes$231,447$15,693$2,646$249,786
Depreciation Depletion$204,687--$204,687
Information Technology$133,448--$133,448
All Other Expenses$90,636$31,503-$122,139
Pension Plan Contributions$75,255$15,090$682$91,027
Insurance$76,221$168-$76,389
Fees for Services Legal$23,774$27,819-$51,593
Fees for Services Accounting-$24,924-$24,924
Total Functional Expenses$13,983,637$1,504,011$160,302$15,647,950

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,647,950
Total Expenses per Audited Statements$15,647,950
Total Expenses per Form 990$15,647,950
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 8B

The organization does not have any committees with the authority to act on behalf of the governing body.

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 was provided electronically to the board of directors to review, before it was filed.

Form 990, Page 6, Part VI, Line 12C

An annual questionnaire will be given to each of the board members for their signature to disclose any conflicts of interests.

Form 990, Page 6, Part VI, Line 15A

Kipp san antonio, inc. Has a compensation determination process for the chief executive officer whereby the board of directors reviews and adjusts the compensation of the top official of the organization on an annual basis. The chief executive officer reviews the individual compensation of all other officers and key employees on an annual basis. Under the supervision of the chief executive officer, a review is completed for all school leaders to compare compensation to other charter schools and local school districts. Decisions on starting compensation and base pay increases are made based on the results of those comparisons.

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

EIN
41-2090713
Phone
2107357300

Signing Officer

Name
Shawn Mccormack
Title
Director of Finance
Phone
2107357300
Signed
2015-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Larson
Formed
2003
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
272
Volunteers
494

Preparer

Preparer
Nancy L Vaughan
Phone
2106586229
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IRS990/OtherExpensesGrp/Desc3LEASE COMPUTERS & COPIERS
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IRS990/PayrollTaxesGrp/TotalAmt0249786
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0376429
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04495140
IRS990ScheduleD/EquipmentGrp/BookValueAmt049924
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0969141
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01019065
IRS990ScheduleD/ExpensesSubtotalAmt015647950
IRS990ScheduleD/LandGrp/BookValueAmt01947685
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01947685
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0201345
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0311906
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0513251
IRS990ScheduleD/RevenueSubtotalAmt015456227
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06317665
IRS990ScheduleD/TotalExpensesPerForm990Amt015647950
IRS990ScheduleD/TotalRevenuePerForm990Amt015456227
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IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0KIPP SAN ANTONIO, INC. IS COMMITTED TO A POLICY OF EQUAL TREATMENT FOR ALL INDIVIDUALS AND DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, GENDER, HANDICAP, AGE, RELIGION, SEXUAL ORIENTATION, OR NATIONAL OR ETHNIC ORIGIN.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1KIPP SAN ANTONIO, INC. RECEIVES BOTH FEDERAL AND STATE CONTRIBUTIONS FROM THE TEXAS EDUCATION AGENCY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 WAS PROVIDED ELECTRONICALLY TO THE BOARD OF DIRECTORS TO REVIEW, BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN ANNUAL QUESTIONNAIRE WILL BE GIVEN TO EACH OF THE BOARD MEMBERS FOR THEIR SIGNATURE TO DISCLOSE ANY CONFLICTS OF INTERESTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3KIPP SAN ANTONIO, INC. HAS A COMPENSATION DETERMINATION PROCESS FOR THE CHIEF EXECUTIVE OFFICER WHEREBY THE BOARD OF DIRECTORS REVIEWS AND ADJUSTS THE COMPENSATION OF THE TOP OFFICIAL OF THE ORGANIZATION ON AN ANNUAL BASIS. THE CHIEF EXECUTIVE OFFICER REVIEWS THE INDIVIDUAL COMPENSATION OF ALL OTHER OFFICERS AND KEY EMPLOYEES ON AN ANNUAL BASIS. UNDER THE SUPERVISION OF THE CHIEF EXECUTIVE OFFICER, A REVIEW IS COMPLETED FOR ALL SCHOOL LEADERS TO COMPARE COMPENSATION TO OTHER CHARTER SCHOOLS AND LOCAL SCHOOL DISTRICTS. DECISIONS ON STARTING COMPENSATION AND BASE PAY INCREASES ARE MADE BASED ON THE RESULTS OF THOSE COMPARISONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalOtherCompensationAmt015826
IRS990/TotalProgramServiceExpensesAmt013983637
IRS990/TotalReportableCompFromOrgAmt0316885
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt015456227
IRS990/TotalVolunteersCnt0494
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt019890530
IRS990/TravelGrp/FundraisingAmt03652
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IRS990/TravelGrp/ProgramServicesAmt0511187
IRS990/TravelGrp/TotalAmt0545435
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0250169
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IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0WWW.KIPPSA.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SHAWN MCCORMACK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR OF FINANCE
ReturnHeader/BusinessOfficerGrp/PhoneNum02107357300
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-04-08
ReturnHeader/Filer/BusinessName/BusinessNameLine10KIPP SAN ANTONIO INC
ReturnHeader/Filer/BusinessNameControlTxt0KIPP
ReturnHeader/Filer/EIN0412090713
ReturnHeader/Filer/PhoneNum02107357300
ReturnHeader/Filer/USAddress/AddressLine10731 FREDRICKSBURG ROAD
ReturnHeader/Filer/USAddress/City0SAN ANTONIO
ReturnHeader/Filer/USAddress/State0TX
ReturnHeader/Filer/USAddress/ZIPCode078201
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0742332623
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10ARMSTRONG VAUGHAN & ASSOCIATES PC

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