Civic Intelligence

Kipp Enc Public Schools

990 • Fiscal year 2018 • EIN 74-2991314

Jul 01, 2017 to Jun 30, 2018 • Filed on May 08, 2019

Organization ProfileWWW.KIPPGCP.ORG
320 Pleasant Hill RoadGaston, NC 27832

(252) 308-6932

Siviq Scores

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

Liabilities / Assets

99th percentile

1.56x

Higher debt load relative to assets than 99% of similar nonprofits.

2018 filings • NTEE B • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

80th percentile

2.29x

Higher debt load relative to revenue than 80% of similar nonprofits.

2018 filings • NTEE B • $25M-$50M nonprofits • Source year 2018

Net Margin

15th percentile

-9.2%

Higher net margin than 15% of similar nonprofits.

2018 filings • NTEE B • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

19th percentile

$89,981

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2018 filings • NTEE B • $25M-$50M nonprofits • Source year 2018

Asset Growth

26th percentile

-1.2%

Faster asset growth than 26% of similar nonprofits.

2018 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

82nd percentile

21%

Faster revenue growth than 82% of similar nonprofits.

2018 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$33,384,816

Down $395,044 (-1.2%) from 2017

Net Assets

Down

-$18,708,044

Down $25,729,546 (-366%) from 2017

Liabilities

Up

$52,092,860

Up $25,334,502 (+95%) from 2017

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin15th percentile

Revenue

Up

$22,759,160

Up $4,017,877 (+21%) from 2017

Expenses

Up

$24,848,694

Up $6,456,259 (+35%) from 2017

Net Income

Down

-$2,089,534

Down $2,438,382 (-699%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$60M$40M$20M$0-$20MAssets 2011: $9,307,585Liabilities 2011: $7,343,768Net Assets 2011: $1,963,8172011Assets 2012: $10,022,634Liabilities 2012: $7,183,875Net Assets 2012: $2,838,7592012Assets 2013: $14,942,817Liabilities 2013: $11,819,622Net Assets 2013: $3,123,1952013Assets 2014: $15,940,377Liabilities 2014: $12,351,099Net Assets 2014: $3,589,2782014Assets 2015: $18,187,723Liabilities 2015: $13,020,433Net Assets 2015: $5,167,2902015Assets 2016: $26,417,727Liabilities 2016: $19,760,104Net Assets 2016: $6,657,6232016Assets 2017: $33,779,860Liabilities 2017: $26,758,358Net Assets 2017: $7,021,5022017Assets 2018: $33,384,816Liabilities 2018: $52,092,860Net Assets 2018: -$18,708,0442018Assets 2019: $38,547,620Liabilities 2019: $51,740,086Net Assets 2019: -$13,192,4662019Assets 2020: $41,136,404Liabilities 2020: $54,663,921Net Assets 2020: -$13,527,5172020Assets 2021: $35,993,575Liabilities 2021: $31,113,702Net Assets 2021: $4,879,8732021Assets 2022: $38,149,898Liabilities 2022: $27,381,719Net Assets 2022: $10,768,1792022Assets 2023: $36,320,408Liabilities 2023: $24,155,375Net Assets 2023: $12,165,0332023Assets 2024: $30,661,988Liabilities 2024: $18,428,912Net Assets 2024: $12,233,0762024

Highlighted filing

2018

Assets$33,384,816
Liabilities$52,092,860
Net Assets-$18,708,044
Open 2018 Filing

Operations Trend

Revenue Growth82nd percentile

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

$60M$40M$20M$0-$20MRevenue 2011: $6,869,292Expenses 2011: $6,625,361Net Income 2011: $243,9312011Revenue 2012: $7,266,725Expenses 2012: $6,390,628Net Income 2012: $876,0972012Revenue 2013: $7,757,039Expenses 2013: $7,482,163Net Income 2013: $274,8762013Revenue 2014: $9,201,809Expenses 2014: $8,758,360Net Income 2014: $443,4492014Revenue 2015: $13,756,193Expenses 2015: $11,195,330Net Income 2015: $2,560,8632015Revenue 2016: $17,704,669Expenses 2016: $15,871,605Net Income 2016: $1,833,0642016Revenue 2017: $18,741,283Expenses 2017: $18,392,435Net Income 2017: $348,8482017Revenue 2018: $22,759,160Expenses 2018: $24,848,694Net Income 2018: -$2,089,5342018Revenue 2019: $24,215,626Expenses 2019: $26,164,825Net Income 2019: -$1,949,1992019Revenue 2020: $25,545,092Expenses 2020: $25,677,336Net Income 2020: -$132,2442020Revenue 2021: $43,410,261Expenses 2021: $25,002,871Net Income 2021: $18,407,3902021Revenue 2022: $37,517,125Expenses 2022: $31,774,066Net Income 2022: $5,743,0592022Revenue 2023: $36,021,378Expenses 2023: $34,832,473Net Income 2023: $1,188,9052023Revenue 2024: $35,337,576Expenses 2024: $35,356,294Net Income 2024: -$18,7182024

Highlighted filing

2018

Revenue$22,759,160
Expenses$24,848,694
Net Income-$2,089,534
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 8, 2019
Return Version
2017v2.3
Gross Receipts
$22,759,160
Mission and Program Overview

Mission

Operation of north carolina public charter schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,108,030$23,670,455▼ $437,575
Cash and Non-Interest-Bearing Accounts$5,549,136$3,591,606▼ $1,957,530
Accounts Receivable$340,898$1,040,386▲ $699,488
Investments in Publicly Traded Securities$174,340$198,518▲ $24,178
Prepaid Expenses and Deferred Charges$75,405$178,664▲ $103,259
Savings and Temporary Cash Investments$587,436$172,721▼ $414,715
Total Assets$33,779,860$33,384,816▼ $395,044
Other Assets Total$2,944,615$4,532,466▲ $1,587,851
Liabilities
Mortgage Notes Payable Secured by Investment Property$22,273,395$29,063,815▲ $6,790,420
Other Liabilities$3,892,518$22,344,950▲ $18,452,432
Accounts Payable and Accrued Expenses$429,784$420,990▼ $8,794
Deferred Revenue$162,661$263,105▲ $100,444
Total Liabilities$26,758,358$52,092,860▲ $25,334,502
Net Assets / Fund Balance
Temporarily Rstr Net Assets$793,610$770,152▼ $23,458
Unrestricted Net Assets$6,227,892$-19,478,196▼ $25,706,088
Total Net Assets Fund Balance$7,021,502$-18,708,044▼ $25,729,546
Total Liabilities and Net Assets / Fund Balance$33,779,860$33,384,816▼ $395,044

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$20,768,017$4,709,420$25,477,437
Equipment$1,979,053$2,563,721$4,542,774
Land$923,385-$923,385
Other Assets Org$25,811--
Compensation and Service Providers
Top Officer Pay19th percentile

Employees

NameTitleBaseTotal
Tammi SuttonExecutive Di$89,981$89,981
Dawn ArthurCOO$84,451$84,451

Board Members and Trustees

NameTitle
Curtis WynnPresident
Doug KahnDirector
Gail WorthingtonDirector
Jaideep HebbarDirector
Mary BrownDirector
Tonza Ruffin-buffaloeDirector
Victoria BennettDirector
Minnie Forte-brownVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$4,556,060
Program Service Revenue
$17,467,336
Investment Income
$14,553
Other Revenue
$721,211
All Other Contributions
$2,104,903
Change in Net Assets
$-2,089,534

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$250,000
Total Noncash Contributions1$250,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,759,160
Total Revenue per Audited Statements
$22,759,160
Total Revenue per Form 990
$22,759,160
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,988,763
Other Expenses$9,859,931
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,704,488$1,417,010-$10,121,498
Other Employee Benefits$2,031,999$330,791-$2,362,790
Fees for Services Other$1,121,489$622,876-$1,744,365
Interest$1,089,518$363,173-$1,452,691
Depreciation Depletion$1,133,163$199,970-$1,333,133
Pension Plan Contributions$946,420$154,068-$1,100,488
Payroll Taxes$725,833$118,159-$843,992
All Other Expenses$495,175$109,693-$604,868
Occupancy$447,841$149,281-$597,122
Office Expenses$176,168$410,900-$587,068
Current Officers, Directors, Trustees, and Key Employees$447,996$111,999-$559,995
Other Expenses$361,556$104,532-$361,556
Travel$335,067$21,064-$356,131
Conferences and Meetings$283,477$70,869-$354,346
Information Technology$188,773$33,313-$222,086
Insurance-$110,849-$110,849
Advertising-$42,326-$42,326
Fees for Services Legal-$30,176-$30,176
Fees for Services Accounting-$19,840-$19,840
Total Functional Expenses$20,186,039$4,662,655$0$24,848,694

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$24,848,694
Total Expenses per Audited Statements$24,848,694
Total Expenses per Form 990$24,848,694
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising$28,046---
Total Events$28,046---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Opeb Liability$13,832,668
Opeb Deferrals$4,812,683
Net Pension Liability$3,582,400
Pension Deferrals$117,199
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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 11B

“990 is reviewed by board finance committee and is provided to the full board.”

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

“The conflict of interest policy is reviewed with the board each year. Any conflicts, or potential conflicts of interest are reviewed and resolved by the board. Board members recuse themselves from any decision that may involve a conflict of interest.”

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

“Compensation of top management official is approved by the board of directors and is based on comparability data and performance.”

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

“Compensation of key employees is approved by the board of directors and is based on comparability data and performance.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, school policies, and financial statements are available for viewing by the public at the organization's office upon request.”

Filing and Contact Details

Filer

Filer Name
Kipp Enc Public Schools
EIN
74-2991314
Phone
2523086932
Address
320 PLEASANT HILL ROAD, GASTON, NC 27832

Signing Officer

Name
Tammi Sutton
Title
Executive Director
Phone
4085914013
Signed
2019-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Curtis Wynn
Formed
2001
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
370
Volunteers
9

Preparer

Firm
Petway Mills & Pearson Pa
Address
PO BOX 1036, ZEBULON, NC 27597-1036
Preparer
James a Ridoutt
Phone
9192697405
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Postemployment benefits -15,641,836 the school implemented gasb statement 75, accounting and financial reporting for postemployment benefits other than pensions in the year ending june 30, 2018. The implementation of the statement required the school to record beginning net opeb liability and net opeb asset and the effects on net position from contributions made by the school during the measurement period (fiscal year ended 6/30/17). As a result, net position for the governmental activities decreased by 15,641,836.”

Raw XML AppendixShowing 400 of 491 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0OPERATION OF NORTH CAROLINA PUBLIC CHARTER SCHOOLS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt022273395
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt029063815
IRS990/NetAssetsOrFundBalancesBOYAmt07021502
IRS990/NetAssetsOrFundBalancesEOYAmt0-18708044
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt04362
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt04362
IRS990/NoncashContributionsAmt0250000
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0149281
IRS990/OccupancyGrp/ProgramServicesAmt0447841
IRS990/OccupancyGrp/TotalAmt0597122
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0410900
IRS990/OfficeExpensesGrp/ProgramServicesAmt0176168
IRS990/OfficeExpensesGrp/TotalAmt0587068
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02944615
IRS990/OtherAssetsTotalGrp/EOYAmt04532466
IRS990/OtherChangesInNetAssetsAmt0-15641836
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0330791
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02031999
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02362790
IRS990/OtherExpensesGrp/Desc0FOOD & RELATED PURCHASES
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2EQUIPMENT PURCHASE
IRS990/OtherExpensesGrp/Desc3FIELD TRIP
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt077433
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1164333
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2104532
IRS990/OtherExpensesGrp/ProgramServicesAmt0890482
IRS990/OtherExpensesGrp/ProgramServicesAmt1492998
IRS990/OtherExpensesGrp/ProgramServicesAmt2313596
IRS990/OtherExpensesGrp/ProgramServicesAmt3361556
IRS990/OtherExpensesGrp/TotalAmt0967915
IRS990/OtherExpensesGrp/TotalAmt1657331
IRS990/OtherExpensesGrp/TotalAmt2418128
IRS990/OtherExpensesGrp/TotalAmt3361556
IRS990/OtherLiabilitiesGrp/BOYAmt03892518
IRS990/OtherLiabilitiesGrp/EOYAmt022344950
IRS990/OtherRevenueMiscGrp/Desc0REIMBURSEMENTS
IRS990/OtherRevenueMiscGrp/Desc1SALES TAX REFUND
IRS990/OtherRevenueMiscGrp/Desc2MISC. REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0421262
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1101702
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt287604
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0421262
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1101702
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt287604
IRS990/OtherRevenueTotalAmt0721211
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01417010
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08704488
IRS990/OtherSalariesAndWagesGrp/TotalAmt010121498
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0118159
IRS990/PayrollTaxesGrp/ProgramServicesAmt0725833
IRS990/PayrollTaxesGrp/TotalAmt0843992
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0154068
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0946420
IRS990/PensionPlanContributionsGrp/TotalAmt01100488
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt075405
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0178664
IRS990/PrincipalOfficerNm0CURTIS WYNN
IRS990/PriorPeriodAdjustmentsAmt0-7998176
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STATE OF NC
IRS990/ProgramServiceRevenueGrp/Desc1LOCAL FUNDS
IRS990/ProgramServiceRevenueGrp/Desc2SCHOOL PROGRAMS & ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc3FOOD SERVICE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt014958680
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12230902
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2194721
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt383033
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014958680
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12230902
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2194721
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt383033
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02678768
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt014388
IRS990/PYOtherExpensesAmt07234714
IRS990/PYOtherRevenueAmt01016049
IRS990/PYProgramServiceRevenueAmt015032078
IRS990/PYRevenuesLessExpensesAmt0348848
IRS990/PYSalariesCompEmpBnftPaidAmt011157721
IRS990/PYTotalExpensesAmt018392435
IRS990/PYTotalRevenueAmt018741283
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-2089534
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt017467336
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0587436
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0172721
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt020768017
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04709420
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt025477437
IRS990ScheduleD/EquipmentGrp/BookValueAmt01979053
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02563721
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04542774
IRS990ScheduleD/ExpensesSubtotalAmt024848694
IRS990ScheduleD/LandGrp/BookValueAmt0923385
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0923385
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01902354
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11373999
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2600434
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3344776
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4285092
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt525811
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPEB DEFERRALS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PENSION DEFERRALS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2C/Y CONTRIBUTIONS TO PENSION PLAN
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3C/Y CONTRIBUTIONS TO OPEB PLAN
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5NET OPEB ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013832668
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14812683
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23582400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3117199
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPEB DEFERRALS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PENSION DEFERRALS
IRS990ScheduleD/RevenueSubtotalAmt022759160
IRS990ScheduleD/TotalBookValueLandBuildingsAmt023670455
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04532466
IRS990ScheduleD/TotalExpensesPerForm990Amt024848694
IRS990ScheduleD/TotalLiabilityAmt022344950
IRS990ScheduleD/TotalRevenuePerForm990Amt022759160
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt022759160
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt024848694
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0KIPP ENC PUBLIC SCHOOLS OPERATES PUBLIC CHARTER SCHOOLS AND IS FUNDED BY THE STATE OF NORTH CAROLINA AND LOCAL GOVERNMENT. NORTH CAROLINA REQUIRES A POLICY OF NONDISCRIMINATION AND THE SCHOOL'S NONDISCRIMINATION POLICY IS DISCLOSED IN ALL SOLICITATIONS FOR STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt16A) NORTH CAROLINA CHARTER SCHOOL, FUNDED BY STATE & LOCAL GOVERNMENT. ALSO RECEIVES VARIOUS FEDERAL AND STATE GRANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt028046
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt028046
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt028046
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt028046
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0LOAN FORGIVEN
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0250000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 IS REVIEWED BY BOARD FINANCE COMMITTEE AND IS PROVIDED TO THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH THE BOARD EACH YEAR. ANY CONFLICTS, OR POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED AND RESOLVED BY THE BOARD. BOARD MEMBERS RECUSE THEMSELVES FROM ANY DECISION THAT MAY INVOLVE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF TOP MANAGEMENT OFFICIAL IS APPROVED BY THE BOARD OF DIRECTORS AND IS BASED ON COMPARABILITY DATA AND PERFORMANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION OF KEY EMPLOYEES IS APPROVED BY THE BOARD OF DIRECTORS AND IS BASED ON COMPARABILITY DATA AND PERFORMANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, SCHOOL POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ORGANIZATION'S OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5POSTEMPLOYMENT BENEFITS -15,641,836 THE SCHOOL IMPLEMENTED GASB STATEMENT 75, ACCOUNTING AND FINANCIAL REPORTING FOR POSTEMPLOYMENT BENEFITS OTHER THAN PENSIONS IN THE YEAR ENDING JUNE 30, 2018. THE IMPLEMENTATION OF THE STATEMENT REQUIRED THE SCHOOL TO RECORD BEGINNING NET OPEB LIABILITY AND NET OPEB ASSET AND THE EFFECTS ON NET POSITION FROM CONTRIBUTIONS MADE BY THE SCHOOL DURING THE MEASUREMENT PERIOD (FISCAL YEAR ENDED 6/30/17). AS A RESULT, NET POSITION FOR THE GOVERNMENTAL ACTIVITIES DECREASED BY 15,641,836.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,384,816
Liabilities
$52,092,860
Net assets
-$18,708,044
Revenue
$22,759,160
Expenses
$24,848,694
Net income
-$2,089,534
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.7$18.4$12.2$35.3$35.4$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.3$24.2$12.2$36.0$34.8$1.19
2022Detailed filing. Detailed filing data is available for this year.$38.1$27.4$10.8$37.5$31.8$5.74
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.0$31.1$4.88$43.4$25.0$18.4
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.1$54.7$13.5$25.5$25.7$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.5$51.7$13.2$24.2$26.2$1.95
2018Detailed filing. Detailed filing data is available for this year.$33.4$52.1$18.7$22.8$24.8$2.09
2017Detailed filing. Detailed filing data is available for this year.$33.8$26.8$7.02$18.7$18.4$0.35
2016Detailed filing. Detailed filing data is available for this year.$26.4$19.8$6.66$17.7$15.9$1.83
2015Summary only. Only limited summary data is available for this year.$18.2$13.0$5.17$13.8$11.2$2.56
2014Summary only. Only limited summary data is available for this year.$15.9$12.4$3.59$9.20$8.76$0.44
2013Summary only. Only limited summary data is available for this year.$14.9$11.8$3.12$7.76$7.48$0.27
2012Summary only. Only limited summary data is available for this year.$10.0$7.18$2.84$7.27$6.39$0.88
2011Summary only. Only limited summary data is available for this year.$9.31$7.34$1.96$6.87$6.63$0.24