Civic Intelligence

Kipp Minnesota Abc

EIN 82-2757664 • 501(c)3 • Minneapolis, MN

Profile

To support the mission and vision of kipp minnesota through the ownership of real property.

5034 N Oliver AveMinneapolis, MN 55430

www.kippminnesota.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.07x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

12.55x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

32nd percentile

-0.9%

Higher net margin than 32% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

64th percentile

$0

Higher top officer pay than 64% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

30th percentile

-0.4%

Faster asset growth than 30% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

46th percentile

5.2%

Faster revenue growth than 46% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Assets

Down

$11,544,077

Down $24,892 (-0.2%) from 2023

Liabilities

Down

$12,399,572

Down $15,730 (-0.1%) from 2023

Net Assets

Down

-$855,495

Down $9,162 (-1.1%) from 2023

Revenue

Up

$988,110

Up $37,628 (+4.0%) from 2023

Expenses

Up

$997,272

Up $12,089 (+1.2%) from 2023

Net Income

Up

-$9,162

Up $25,539 (+74%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0-$5.0MAssets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $0Liabilities 2019: $5,900Net Assets 2019: -$5,9002019Assets 2020: $11,477,148Liabilities 2020: $12,016,036Net Assets 2020: -$538,8882020Assets 2021: $11,668,956Liabilities 2021: $12,423,486Net Assets 2021: -$754,5302021Assets 2022: $11,647,797Liabilities 2022: $12,459,429Net Assets 2022: -$811,6322022Assets 2023: $11,568,969Liabilities 2023: $12,415,302Net Assets 2023: -$846,3332023Assets 2024: $11,544,077Liabilities 2024: $12,399,572Net Assets 2024: -$855,4952024

Highlighted filing

2024

Assets$11,544,077
Liabilities$12,399,572
Net Assets-$855,495

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $0Expenses 2019: $5,900Net Income 2019: -$5,9002019Revenue 2020: $138,145Expenses 2020: $671,133Net Income 2020: -$532,9882020Revenue 2021: $798,779Expenses 2021: $1,014,421Net Income 2021: -$215,6422021Revenue 2022: $892,812Expenses 2022: $949,914Net Income 2022: -$57,1022022Revenue 2023: $950,482Expenses 2023: $985,183Net Income 2023: -$34,7012023Revenue 2024: $988,110Expenses 2024: $997,272Net Income 2024: -$9,1622024

Highlighted filing

2024

Revenue$988,110
Expenses$997,272
Net Income-$9,162

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 9, 2025
Return Version
2023v6.0
Gross Receipts
$988,110
Mission and Program Overview

Mission

To support the mission and vision of kipp minnesota through the ownership of real property.

Lease and maintain property for KIPP Minnesota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,537,689$9,409,907▼ $127,782
Savings and Temporary Cash Investments$1,631,280$1,744,527▲ $113,247
Cap Stk Tr Prin Current Funds$928,858$1,216,173▲ $287,315
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$-1,775,191$-2,071,668▼ $296,477
Total Assets$11,568,969$11,544,077▼ $24,892
Other Assets Total$400,000$389,643▼ $10,357
Liabilities
Tax Exempt Bond Liabilities$11,383,926$11,276,218▼ $107,708
Mortgage Notes Payable Secured by Investment Property$595,000$595,000→ $0
Accounts Payable and Accrued Expenses$357,094$353,494▼ $3,600
Other Liabilities$79,282$174,860▲ $95,578
Total Liabilities$12,415,302$12,399,572▼ $15,730
Net Assets / Fund Balance
Total Net Assets Fund Balance$-846,333$-855,495▼ $9,162
Total Liabilities and Net Assets / Fund Balance$11,568,969$11,544,077▼ $24,892

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,165,877$839,553$8,005,430
Land$2,244,030-$2,244,030
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christina SaundersPresident
Kelly RimpilaSecretary
Wade JonesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$919,923
Investment Income
$68,187
Other Revenue
$0
Change in Net Assets
$-9,162
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$997,272
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
Occupancy$729,637--$729,637
Depreciation Depletion$202,760--$202,760
Fees for Services Other-$53,525-$53,525
Fees for Services Accounting-$11,350-$11,350
Total Functional Expenses$932,397$64,875$0$997,272
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 Minnesota$174,860

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Minneapolis2020-04-21$11,358,752School Construction

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$11,358,752-$220,000$158,828

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

The sole member of the organization is KIPP Minnesota.

Form 990, Part VI, Section A, line 7A

The sole member has the power to remove or appoint directors of the organization.

Form 990, Part VI, Section A, line 8B

The organization does not have any committees that have authority to act on behalf of the governing body.

Form 990, Part VI, Section B, line 11B

The Organization's accountant and leadership reviews the 990 prior to filing. All members of the board receive a public disclosure copy of the return prior to the filing with the IRS.

Form 990, Part VI, Section B, line 12

Each director, officer, and committee member with governing board delegated authority is required to sign an annual statement affirming they have received, reviewed, and agreed to comply with the conflict of interest policy.

Form 990, Part VI, Section C, line 19

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

Filing and Contact Details

Filer

Filer Name
KIPP Minnesota ABC
EIN
82-2757664
Phone
6122879700
Address
5034 N Oliver Ave, Minneapolis, MN 55430

Signing Officer

Name
Christina Saunders
Title
President/Board Chair
Phone
6122879700
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christina Saunders
Formed
2020
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Abdo LLP
Address
5201 Eden Ave Ste 250, Edina, MN 55436
Preparer
Steven D Anseth CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

This process has not changed from the prior year.

Financial Statement Notes

Part X, Line 2:

The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2024, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Charter School files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are closed. No returns are currently under examination in any tax jurisdiction.

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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt022164
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt064161
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0158828
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt0220000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02021
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt011358752
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt01529305
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The sole member of the organization is KIPP Minnesota.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The sole member has the power to remove or appoint directors of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization does not have any committees that have authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization's accountant and leadership reviews the 990 prior to filing. All members of the board receive a public disclosure copy of the return prior to the filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Each director, officer, and committee member with governing board delegated authority is required to sign an annual statement affirming they have received, reviewed, and agreed to comply with the conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6This process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0KIPP Minnesota
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0208877750
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05034 Oliver Avenue North
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Minneapolis
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055430
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt011383926
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt011276218
IRS990/TaxExemptBondsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt011568969
IRS990/TotalAssetsEOYAmt011544077
IRS990/TotalAssetsGrp/BOYAmt011568969
IRS990/TotalAssetsGrp/EOYAmt011544077
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt064875
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0932397
IRS990/TotalFunctionalExpensesGrp/TotalAmt0997272
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012415302
IRS990/TotalLiabilitiesEOYAmt012399572
IRS990/TotalLiabilitiesGrp/BOYAmt012415302
IRS990/TotalLiabilitiesGrp/EOYAmt012399572
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-846333
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-855495
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0932397
IRS990/TotalProgramServiceRevenueAmt0919923
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt068187
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0919923
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0988110
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011568969
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011544077
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05034 N Oliver Ave
IRS990/USAddress/CityNm0Minneapolis
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055430
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.kippminnesota.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Christina Saunders
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President/Board Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum06122879700
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KIPP Minnesota ABC
ReturnHeader/Filer/BusinessNameControlTxt0KIPP
ReturnHeader/Filer/EIN0822757664
ReturnHeader/Filer/PhoneNum06122879700
ReturnHeader/Filer/USAddress/AddressLine1Txt05034 N Oliver Ave
ReturnHeader/Filer/USAddress/CityNm0Minneapolis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055430
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411397419
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Abdo LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05201 Eden Ave Ste 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Edina
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN

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