Kipp Memphis Inc.

“A copy of the form 990 is presented to the board for comments and/or approval prior to filing the form.”

“Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

“The executive director's pay in determined based on data provided by external charter management organizations and through comparison studies of other charter schools. The board must vote to approve the executive director's compensation as a direct action. The officers and key employees' pay is determine based on data provided by external charter management organizations and through comparison studies of other charter schools. The board must vote to approve the officers and key employees' compensation as a direct action.”

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

“Background checks: program service expenses 0. Management and general expenses 10,644. Fundraising expenses 0. Total expenses 10,644. Security: program service expenses 169,238. Management and general expenses 0. Fundraising expenses 0. Total expenses 169,238. Transportation: program service expenses 873,391. Management and general expenses 0. Fundraising expenses 0. Total expenses 873,391. Data processing: program service expenses 0. Management and general expenses 60,027. Fundraising expenses 0. Total expenses 60,027. Contracted services: program service expenses 1,191,748. Management and general expenses 472,083. Fundraising expenses 0. Total expenses 1,663,831. Pest control: program service expenses 13,017. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,017. Professional development: program service expenses 310,171. Management and general expenses 0. Fundraising expenses 0. Total expenses 310,171. Recruiting: program service expenses 1,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,000. Substitutes: program service expenses 617,371. Management and general expenses 0. Fundraising expenses 0. Total expenses 617,371.”

“The process has not changed since last year.”