Civic Intelligence

Kipp Miami Inc.

990 • Fiscal year 2019 • EIN 81-4473475

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 02, 2020

Organization ProfileWWW.KIPPMIAMI.ORG
6475 NW 23rd AveMiami, FL 33147

(305) 694-4162

Siviq Scores

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

Liabilities / Assets

69th percentile

0.37x

Higher debt load relative to assets than 69% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

63rd percentile

0.17x

Higher debt load relative to revenue than 63% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

67th percentile

$110,000

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets69th percentile

Assets

$1,656,656

No earlier filing loaded for comparison.

Net Assets

$1,044,650

No earlier filing loaded for comparison.

Liabilities

$612,006

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin69th percentile

Revenue

$3,549,724

No earlier filing loaded for comparison.

Expenses

$3,152,099

No earlier filing loaded for comparison.

Net Income

$397,625

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$80M$60M$40M$20M$0Assets 2019: $1,656,656Liabilities 2019: $612,006Net Assets 2019: $1,044,6502019Assets 2020: $3,738,437Liabilities 2020: $1,080,485Net Assets 2020: $2,657,9522020Assets 2021: $8,034,638Liabilities 2021: $1,512,483Net Assets 2021: $6,522,1552021Assets 2022: $28,180,402Liabilities 2022: $21,374,065Net Assets 2022: $6,806,3372022Assets 2023: $51,607,757Liabilities 2023: $45,751,430Net Assets 2023: $5,856,3272023Assets 2024: $61,454,967Liabilities 2024: $53,549,405Net Assets 2024: $7,905,5622024

Highlighted filing

2019

Assets$1,656,656
Liabilities$612,006
Net Assets$1,044,650
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30M$20M$10M$0-$10MRevenue 2019: $3,549,724Expenses 2019: $3,152,099Net Income 2019: $397,6252019Revenue 2020: $8,589,088Expenses 2020: $6,962,100Net Income 2020: $1,626,9882020Revenue 2021: $15,019,302Expenses 2021: $11,155,099Net Income 2021: $3,864,2032021Revenue 2022: $22,928,361Expenses 2022: $22,644,179Net Income 2022: $284,1822022Revenue 2023: $24,933,606Expenses 2023: $25,883,616Net Income 2023: -$950,0102023Revenue 2024: $27,364,171Expenses 2024: $25,314,936Net Income 2024: $2,049,2352024

Highlighted filing

2019

Revenue$3,549,724
Expenses$3,152,099
Net Income$397,625
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 2, 2020
Return Version
2018v3.2
Gross Receipts
$3,549,724
Mission and Program Overview

Mission

Kipp miami public schools seek to create and sustain high achieving and inspiring community schools that battle inequity by empowering students to develop the knowledge, skills, character strengths, and habits to thrive in college and beyond, shape their futures, and positively impact the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$670,105-
Accounts Receivable-$304,210-
Prepaid Expenses and Deferred Charges-$6,262-
Total Assets$647,025$1,656,656▲ $1,009,631
Other Assets Total$647,025$676,079▲ $29,054
Liabilities
Other Liabilities$0$392,745▲ $392,745
Accounts Payable and Accrued Expenses-$219,261-
Total Liabilities$0$612,006▲ $612,006
Net Assets / Fund Balance
Unrestricted Net Assets$647,025$1,044,650▲ $397,625
Total Net Assets Fund Balance$647,025$1,044,650▲ $397,625
Total Liabilities and Net Assets / Fund Balance$647,025$1,656,656▲ $1,009,631

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$676,079--
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Leyla BravoSchool LeaderFT$110,000$110,000

Board Members and Trustees

NameTitle
Bill DiggsChairman
Billy KraussDirector
Dan AdanDirector
Deborah DaumanDirector
Jeb Bush JrDirector
Larry QuinlanDirector
Sherelle HardenDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Kipp New JerseyEducational Services60 PARK PLACE SUITE 802, Newark, NJ 07102$795,730
The School Board Of Miami-dade County FManagement Services1450 NE 2ND AVENUE ROOM 525, Miami, FL 33132$132,702
Revenue and Support

Revenue Composition

Contributions and Grants
$3,549,724
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$397,625
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,152,099
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$245,410$621-$246,031
Other Expenses$111,344$12,371-$123,715
Total Functional Expenses$3,139,107$12,992$0$3,152,099
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Kipp New Jersey, Inc.$392,745
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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, Part VI, Section B, Line 11B

“Management will be reviewing the form 990 prior to filing.”

Form 990, Part VI, Section B, Line 12C

“No officer, trustee or employee of kipp miami shall have a personal interest in any contract with kipp miami or in compensation for work done for or materials or supplies furnished to kipp miami or to any contractor or other person, or to receive any compensation, commission, gift or other reward for his services except the salary or fees established by the board or pursuant to law. In connection with any actual or possible conflict of interest, an interested person should disclose the existence of the interest and be given the opportunity to disclose all material facts to the ceo, directors, officers, key employees or members of committees with governing board delegated powers considering the proposed transaction or arrangement. Annually each director, officer, employee and volunteer shall complete a disclosure form identifying any relationships, positions or circumstances in which he or she is involved that he or she believes could contribute to a conflict of interest. Such relationships, positions or circumstances might include service as a director of or consultant to another nonprofit organization, or ownership of a business that might provide goods or services to kipp miami.”

Form 990, Part VI, Section B, Line 15

“The officer's compensation is determined by the board. The board reviews the comparable compensation packages with other organizations as part of its decision making process.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Kipp Miami Inc
EIN
81-4473475
Phone
3056944162
Address
6475 NW 23RD AVE, MIAMI, FL 33147

Signing Officer

Name
Bill Diggs
Title
Director
Phone
3056944162
Signed
2020-07-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Monica Kress
Formed
2018
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
31
Volunteers
0

Preparer

Firm
Verdeja De Armas & Trujillo Llp
Address
255 ALHAMBRA CIR STE 560, CORAL GABLES, FL 33134-7417
Preparer
Pedro De Armas
Phone
3054463177
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization has adopted the provisions of asc no 740, "accounting for uncertainty in income taxes" ("asc no 740"). Asc 740 required that the impact of tax positions to be recognized in the financial statements if they are more likely than not of being sustained upon examination. Accordingly, no provision for income taxes is made in the financial statements. At 6/30/19, there were no uncertain tax positions. The organization files tax returns with us federal and other tax authorities for which statue limitations may go back to the year ended 2016.”

Raw XML Appendix399 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO KIPP NEW JERSEY, INC.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF ASC NO 740, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" ("ASC NO 740"). ASC 740 REQUIRED THAT THE IMPACT OF TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. AT 6/30/19, THERE WERE NO UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES TAX RETURNS WITH US FEDERAL AND OTHER TAX AUTHORITIES FOR WHICH STATUE LIMITATIONS MAY GO BACK TO THE YEAR ENDED 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION POSTS ON THEIR APPLICATION PAGE ON THEIR WEBSITE AND ON ALL STUDENT ENROLLMENT MATERIALS THAT THEY WELCOME ALL STUDENTS TO KIPP MIAMI, INCLUDING STUDENTS WITH SPECIAL NEEDS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT WILL BE REVIEWING THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO OFFICER, TRUSTEE OR EMPLOYEE OF KIPP MIAMI SHALL HAVE A PERSONAL INTEREST IN ANY CONTRACT WITH KIPP MIAMI OR IN COMPENSATION FOR WORK DONE FOR OR MATERIALS OR SUPPLIES FURNISHED TO KIPP MIAMI OR TO ANY CONTRACTOR OR OTHER PERSON, OR TO RECEIVE ANY COMPENSATION, COMMISSION, GIFT OR OTHER REWARD FOR HIS SERVICES EXCEPT THE SALARY OR FEES ESTABLISHED BY THE BOARD OR PURSUANT TO LAW. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON SHOULD DISCLOSE THE EXISTENCE OF THE INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE CEO, DIRECTORS, OFFICERS, KEY EMPLOYEES OR MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. ANNUALLY EACH DIRECTOR, OFFICER, EMPLOYEE AND VOLUNTEER SHALL COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH HE OR SHE IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. SUCH RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES MIGHT INCLUDE SERVICE AS A DIRECTOR OF OR CONSULTANT TO ANOTHER NONPROFIT ORGANIZATION, OR OWNERSHIP OF A BUSINESS THAT MIGHT PROVIDE GOODS OR SERVICES TO KIPP MIAMI.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE OFFICER'S COMPENSATION IS DETERMINED BY THE BOARD. THE BOARD REVIEWS THE COMPARABLE COMPENSATION PACKAGES WITH OTHER ORGANIZATIONS AS PART OF ITS DECISION MAKING PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/PaidEmployeesSharingInd00
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IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0KIPP NEW JERSEY
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IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalEmployeeCnt031
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012992
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03139107
IRS990/TotalFunctionalExpensesGrp/TotalAmt03152099
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IRS990/TotalLiabilitiesBOYAmt00
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IRS990/TotalProgramServiceExpensesAmt03139107
IRS990/TotalReportableCompFromOrgAmt0110000
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/WhistleblowerPolicyInd01
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03056944162
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-02
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ReturnHeader/FilingSecurityInformation/IPDt02020-07-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm013:30:34
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204989621
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VERDEJA DE ARMAS & TRUJILLO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0255 ALHAMBRA CIR STE 560
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CORAL GABLES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0331347417
ReturnHeader/PreparerPersonGrp/PhoneNum03054463177
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PEDRO DE ARMAS
ReturnHeader/ReturnTs02020-07-02T12:39:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,656,656
Liabilities
$612,006
Net assets
$1,044,650
Revenue
$3,549,724
Expenses
$3,152,099
Net income
$397,625
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$61.5$53.5$7.91$27.4$25.3$2.05
2023Detailed filing. Detailed filing data is available for this year.$51.6$45.8$5.86$24.9$25.9$0.95
2022Detailed filing. Detailed filing data is available for this year.$28.2$21.4$6.81$22.9$22.6$0.28
2021Detailed filing. Detailed filing data is available for this year.$8.03$1.51$6.52$15.0$11.2$3.86
2020Detailed filing. Detailed filing data is available for this year.$3.74$1.08$2.66$8.59$6.96$1.63
2019Detailed filing. Detailed filing data is available for this year.$1.66$0.61$1.04$3.55$3.15$0.40