Kipp DC Public Charter Schools

“The district of columbia public charter school board (pcsb) is kipp dc's chartering authority and has a duty to monitor the academic achievements and fiscal management of all dc public charter schools. Certain contracts with a value of $25,000 or more must be approved by the kipp dc board of directors and submitted for review by the pcsb.”

“Kipp dc's finance committee, a committee of the board of directors, meets with management and the form 990 paid preparers to review the final draft of the form 990. After this review, the final draft of the form 990 is distributed to all members of the kipp dc board of directors before it is filed with the irs.”

“Kipp dc's directors complete an annual statement affirming that they have received a copy of kipp dc's conflicts of interest policy, have read and understood the policy, and agree to comply with the policy. They also disclose in the annual statement any actual or possible conflicts of interest they may have. After disclosure of the actual or possible conflicts of interest and all material facts, the interested person must leave the board of directors meeting. The board of directors then decides if a conflict of interest exists and, if so, the procedures for addressing the conflict of interest.”

“The board chair leads the process for recommending the compensation level for the ceo, and the full board of directors approves the final ceo compensation level. The chair considers the following factors in developing the recommended ceo compensation: comparable data including data from other kipp regions and an analysis by a national charter school funder on ceo compensation relative to geography as well as number of schools; the change in scale and scope of the organization; the organization's performance as well as student performance; the ceo's prior compensation; and the financial ability of the organization to pay the recommended compensation.”

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

“For the most underserved communities in washington, d.c. Kipp dc raises the expectations of public education in underserved communities by cultivating high-performing educational leaders and by serving as a model of excellence. Kipp dc is a network of high-performing, college-preparatory public charter schools. All kipp dc schools are tuition-free, open enrollment schools, and actively recruit and serve students in the city's most under-resourced communities. At kipp dc, there are no shortcuts. Outstanding educators and staff, more time in school, a rigorous college preparatory-curriculum, and a strong culture of achievement and support help our students make significant academic gains and continue to excel in high school and college. In addition to operating high-performing schools, kipp dc is supported by two critical programs central to the goal of helping underserved students get to and through college: kipp through college and the capital teaching residency. Kipp through college supports kipp dc alumni on their journey to a college degree - helping them navigate the application process, access financial aid, connect to summer internships, and build the advocacy and decision-making skills needed to persist and graduate. The capital teaching residency is an award winning teacher-training program designed to increase the pipeline of highly-effective educators in the district of columbia. These programs, coupled with exceptional prek3 through 12 schools, make kipp dc one of the highest-performing public school networks in the district of columbia and a national model of excellence in urban education.”

“Volunteers support kipp dc through a wide range of projects including tutoring, mentorship, campus beautification, and the chaperoning of field trips.”

“Unrealized loss on interest rate cap agreements -158. Unrealized loss on interest rate swap agreements -3,536,577.”