Civic Intelligence

Kairos Academies

990 • Fiscal year 2023 • EIN 81-5408421

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 06, 2024

2315 Miami StSt Louis, MO 63118

(314) 252-0602

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

31st percentile

-3.1%

Higher net margin than 31% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

43rd percentile

$110,263

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

10th percentile

-9.4%

Faster asset growth than 10% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

77th percentile

29%

Faster revenue growth than 77% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Down

$3,287,181

Down $342,345 (-9.4%) from 2022

Net Assets

Down

$3,287,181

Down $310,779 (-8.6%) from 2022

Liabilities

Down

$0

Down $31,566 (-100%) from 2022

Revenue

Up

$9,917,128

Up $2,214,724 (+29%) from 2022

Expenses

Up

$10,227,907

Up $4,309,222 (+73%) from 2022

Net Income

Down

-$310,779

Down $2,094,498 (-117%) from 2022

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2018: $15,593Liabilities 2018: $0Net Assets 2018: $15,5932018Assets 2019: $268,735Liabilities 2019: $130Net Assets 2019: $268,6052019Assets 2020: $608,439Liabilities 2020: $5,293Net Assets 2020: $603,1462020Assets 2021: $1,816,887Liabilities 2021: $2,646Net Assets 2021: $1,814,2412021Assets 2022: $3,629,526Liabilities 2022: $31,566Net Assets 2022: $3,597,9602022Assets 2023: $3,287,181Liabilities 2023: $0Net Assets 2023: $3,287,1812023Assets 2024: $2,777,089Liabilities 2024: $1,153,174Net Assets 2024: $1,623,9152024

Highlighted filing

2023

Assets$3,287,181
Liabilities$0
Net Assets$3,287,181

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2018: $50,637Expenses 2018: $35,044Net Income 2018: $15,5932018Revenue 2019: $358,663Expenses 2019: $105,752Net Income 2019: $252,9112019Revenue 2020: $2,147,321Expenses 2020: $1,544,175Net Income 2020: $603,1462020Revenue 2021: $3,855,744Expenses 2021: $2,644,649Net Income 2021: $1,211,0952021Revenue 2022: $7,702,404Expenses 2022: $5,918,685Net Income 2022: $1,783,7192022Revenue 2023: $9,917,128Expenses 2023: $10,227,907Net Income 2023: -$310,7792023Revenue 2024: $9,043,750Expenses 2024: $10,707,016Net Income 2024: -$1,663,2662024

Highlighted filing

2023

Revenue$9,917,128
Expenses$10,227,907
Net Income-$310,779
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 6, 2024
Return Version
2022v5.0
Gross Receipts
$9,917,128
Mission and Program Overview

Mission

Kairos Academies is a public charter school located in St. Louis, Missouri leveraging a personalized learning curriculum, one-to-one academic coaching model, and a restorative justice approach to social emotional development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,597,960$3,287,181▼ $310,779
Cash and Non-Interest-Bearing Accounts$3,215,840$1,958,290▼ $1,257,550
Land, Buildings, and Equipment, Net$372,305$1,325,391▲ $953,086
Savings and Temporary Cash Investments$22,881--
Prepaid Expenses and Deferred Charges$18,500$3,500▼ $15,000
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,629,526$3,287,181▼ $342,345
Liabilities
Accounts Payable and Accrued Expenses$31,566--
Total Liabilities$31,566$0▼ $31,566
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,597,960$3,287,181▼ $310,779
Total Liabilities and Net Assets / Fund Balance$3,629,526$3,287,181▼ $342,345

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,250,320$238,260$1,488,580
Equipment$75,071$63,501$138,572
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Khalil GrahamCEOFT$98,084$12,179$110,263
Nathan JacobsCOOFT$49,312$7,230$56,542
Dr Kendrah UnderwoodManaging Director of SchoolFT$48,242$7,384$55,626
Bennie JacksonManaging Director Of Finanace and HRFT$40,924$7,297$48,221

Board Members and Trustees

NameTitle
Amanda SullivanFacilities Chair
Aaron JacksonPresident
Hugh EastwoodDirector
Mike VachowDirector
Whitney YoungDirector
Marnea ChaverChief of Staff
Jack KrewsonChief Strategy Officer
Nicole PlairSecretary
Katie OwensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,803,224
Program Service Revenue
$113,902
Investment Income
$2
Other Revenue
$0
All Other Contributions
$713,624
Change in Net Assets
$-310,779

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,917,128
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,917,128
Total Revenue per Form 990
$9,917,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,753,115
Other Expenses$4,474,792
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,505,309$893,316-$4,398,625
Occupancy$973,739$287,734-$1,261,473
Fees for Services Other$594,246$340,437-$934,683
Fees for Services Legal-$775,715-$775,715
Pension Plan Contributions$500,104$147,615-$647,719
Office Expenses$405,724$98,882-$504,606
Other Employee Benefits$291,196$85,904-$377,100
Fees for Services Management-$350,604-$350,604
Payroll Taxes$254,539$75,132-$329,671
Depreciation Depletion$191,113$49,275-$240,388
Conferences and Meetings$26,037$108,781-$134,818
Insurance-$22,981-$22,981
Fees for Services Accounting-$18,000-$18,000
Other Expenses$81,004$1,257-$1,257
Total Functional Expenses$6,967,600$3,260,307$0$10,227,907

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,227,907
Total Expenses per Audited Statements$10,227,907
Total Expenses per Form 990$10,227,907
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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

All members of the board are provided a copy of the 990. The board president and chief executive officer will review the 990 before signing.

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

Board members fill out an annual conflict of interest questionnaire each fiscal year, and new board members fill out the questionnaire upon joining the board. This is supervised by our charter school sponsor, a state accountability measure.

Form 990, Part VI, Section B, line 15

Compensation of top officials is reviewed each year by the members of the board.

Form 990, Part VI, Section C, line 19

Kairos Academies' governing documents, minutes, agendas, notice of meetings, and board policies are available on its website and by request.

Filing and Contact Details

Filer

Filer Name
Kairos Academies
EIN
81-5408421
Phone
3142520602
Address
2315 Miami St, St Louis, MO 63118

Signing Officer

Name
Katie Owens
Title
Board Treasurer
Phone
3142520602
Signed
2024-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Khalil Graham
Formed
2016
Legal Domicile
Mo
Voting Board Members
9
Independent Board Members
9
Employees
106
Volunteers
50

Preparer

Firm
Kerber Eck & Braeckel LLP
Address
One South Memorial Dr Ste 900, Saint Louis, MO 63102
Preparer
Jennifer Zipprich CPA
Phone
3142316232
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1:

The organization uses the modified cash basis of accounting.

Form 990, Part XII, Line 2C:

No changes from the prior year.

Financial Statement Notes

Part X, Line 2:

The School is a not-for-profit organization under Section 501(c)(3) of the Internal Revenue Code and is exempt from income taxes on related income under Section 501(a) of the Code. The School files federal information returns which are subject to audit by the Internal Revenue Service generally for three years from the date they are to be filed.

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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt075132
IRS990/PayrollTaxesGrp/ProgramServicesAmt0254539
IRS990/PayrollTaxesGrp/TotalAmt0329671
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0147615
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0500104
IRS990/PensionPlanContributionsGrp/TotalAmt0647719
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03500
IRS990/PrincipalOfficerNm0Dr Khalil Graham
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/BusinessCd2722514
IRS990/ProgramServiceRevenueGrp/Desc0Program Service Medica
IRS990/ProgramServiceRevenueGrp/Desc1Other Local Revenue
IRS990/ProgramServiceRevenueGrp/Desc2Food Service
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt069181
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt135085
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt29636
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt069181
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt135085
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt29636
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt07642649
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02
IRS990/PYOtherExpensesAmt04698371
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt059753
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IRS990/PYSalariesCompEmpBnftPaidAmt01220314
IRS990/PYTotalExpensesAmt05918685
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07702404
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-310779
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0113902
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03597960
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03287181
IRS990/SavingsAndTempCashInvstGrp/BOYAmt022881
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt09803224
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07642649
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03840247
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02032970
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0358663
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt083
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt087
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0110252
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IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0358663
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IRS990ScheduleA/TotalSupportAmt023792191
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01250320
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0238260
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IRS990ScheduleD/EquipmentGrp/BookValueAmt075071
IRS990ScheduleD/EquipmentGrp/DepreciationAmt063501
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0138572
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School is a not-for-profit organization under Section 501(c)(3) of the Internal Revenue Code and is exempt from income taxes on related income under Section 501(a) of the Code. The School files federal information returns which are subject to audit by the Internal Revenue Service generally for three years from the date they are to be filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09917128
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010227907
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Kairos Academies publicized its non-discriminatory, open-enrollment policy in newspaper articles documenting Kairos' sponsorship and authorization. Kairos was also party to press releases from our charter school sponsor (Missouri Charter Public School Commission) that publicizes our non-discriminatory, open-enrollment policies. Kairos' admission policy is a matter of public record on both the State Board of Education's website and Kairos' website.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The organization is a public charter school principally funded by local, state and federal monies received through the Missouri Department of Elementary and Secondary Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All members of the board are provided a copy of the 990. The board president and chief executive officer will review the 990 before signing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members fill out an annual conflict of interest questionnaire each fiscal year, and new board members fill out the questionnaire upon joining the board. This is supervised by our charter school sponsor, a state accountability measure.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation of top officials is reviewed each year by the members of the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Kairos Academies' governing documents, minutes, agendas, notice of meetings, and board policies are available on its website and by request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization uses the modified cash basis of accounting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5No changes from the prior year.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c:

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