Civic Intelligence

Kipp North Carolina

EIN 86-1211081 • 501(c)3 • Durham, NC

Profile

Support of member charter schools in north carolina

1107 Holloway StreetDurham, NC 27701

n/A

Siviq Scores

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

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

14th percentile

0.01x

Higher debt load relative to revenue than 14% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

59th percentile

8.9%

Higher net margin than 59% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

71st percentile

13%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

29th percentile

-3.3%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,166,722

Up $732,775 (+13%) from 2023

Liabilities

Down

$63,234

Down $26,316 (-29%) from 2023

Net Assets

Up

$6,103,488

Up $759,091 (+14%) from 2023

Revenue

Down

$8,511,859

Down $291,780 (-3.3%) from 2023

Expenses

Up

$7,752,768

Up $1,621,331 (+26%) from 2023

Net Income

Down

$759,091

Down $1,913,111 (-72%) from 2023

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2022: $2,869,780Liabilities 2022: $197,585Net Assets 2022: $2,672,1952022Assets 2023: $5,433,947Liabilities 2023: $89,550Net Assets 2023: $5,344,3972023Assets 2024: $6,166,722Liabilities 2024: $63,234Net Assets 2024: $6,103,4882024

Highlighted filing

2024

Assets$6,166,722
Liabilities$63,234
Net Assets$6,103,488

Operations Trend

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

$10M$5.0M$0Revenue 2022: $7,898,178Expenses 2022: $5,225,983Net Income 2022: $2,672,1952022Revenue 2023: $8,803,639Expenses 2023: $6,131,437Net Income 2023: $2,672,2022023Revenue 2024: $8,511,859Expenses 2024: $7,752,768Net Income 2024: $759,0912024

Highlighted filing

2024

Revenue$8,511,859
Expenses$7,752,768
Net Income$759,091

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 18, 2025
Return Version
2023v6.0
Gross Receipts
$8,548,140
Mission and Program Overview

Mission

Support of member charter schools in North Carolina

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,293,155$4,280,838▼ $1,012,317
Savings and Temporary Cash Investments-$1,483,066-
Accounts Receivable$79,729$300,196▲ $220,467
Prepaid Expenses and Deferred Charges$50,587$97,937▲ $47,350
Land, Buildings, and Equipment, Net$10,476$4,685▼ $5,791
Total Assets$5,433,947$6,166,722▲ $732,775
Liabilities
Accounts Payable and Accrued Expenses$89,550$63,234▼ $26,316
Total Liabilities$89,550$63,234▼ $26,316
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,344,397$5,783,645▲ $439,248
Net Assets With Donor Restrictions-$319,843-
Total Net Assets Fund Balance$5,344,397$6,103,488▲ $759,091
Total Liabilities and Net Assets / Fund Balance$5,433,947$6,166,722▲ $732,775

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,685$12,686$17,371
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tim SaintsingCEOPT$219,457$219,457
Anokhi SaraiyaChief Academic OfficerPT$180,798$180,798
Michael StimpfelChief Financial OfficerPT$167,832$167,832
Mai Li MunozChief of External AffairsPT$151,320$151,320
Christian DrakeCOOPT$150,308$150,308
Lizzette CintronChief Talent OfficerPT$145,276$145,276

Board Members and Trustees

NameTitle
Douglas KahnBoard Chair
Arthur RogersBoard Member
Jon MorrisBoard Member
Julius TilleryBoard Member
Kelby HicksBoard Member
Kimberly GreenBoard Member
Minnie Forte-brownBoard Member
Reid PhillipsBoard Member
Rich RichardsBoard Member
Russ AltenburgBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$1,064,452
Program Service Revenue
$7,247,246
Investment Income
$222,204
Other Revenue
$-22,043
All Other Contributions
$622,604
Change in Net Assets
$759,091

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,548,140
Revenue Not Reported on Financial Statements
$-36,281
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-36,281
Total Revenue per Audited Statements
$8,548,140
Total Revenue per Form 990
$8,511,859
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,262,527
Other Expenses$1,490,241
Total Fundraising Expense$275,934
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,199,827$895,951$170,657$4,266,435
Current Officers, Directors, Trustees, and Key Employees$761,243$213,148$40,600$1,014,991
Other Employee Benefits$371,937$104,142$19,837$495,916
Travel$353,753$99,051$18,867$471,671
Payroll Taxes$289,874$81,165$15,460$386,499
Advertising-$345,318-$345,318
Fees for Services Other-$305,093-$305,093
Information Technology$99,666$27,906$5,316$132,888
Office Expenses-$111,044-$111,044
Pension Plan Contributions$74,015$20,724$3,947$98,686
Insurance-$16,168-$16,168
Other Expenses$23,429$15,340$1,250$15,340
Conferences and Meetings$11,506--$11,506
Depreciation Depletion-$5,790-$5,790
Total Functional Expenses$5,185,250$2,291,584$275,934$7,752,768

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,789,049
Expenses per Audited Statements$7,752,768
Total Expenses per Form 990$7,752,768
Expenses Not Reported on Form 990$36,281
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$36,281
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cook4kipp - Durham$38,250-$2,294-
Cook4kipp - Charlotte$31,515-$1,987-
Total Events$69,765-$36,281$-36,281
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
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

The form 990 is reviewed by both the board of directors and the finance committee prior to filing.

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

The board reviews the conflict of interest policy annually. Any conflicts or potential conflicts of interest are reviewed by the board, and board members recuse themselves from any discussion or decision that may involve a conflict of interest.

Form 990, Part VI, Section B, Line 15

Compensation of top management officials is approved by the board and is based on comparability data and performance. Compensation of key employees is also approved by the board and determined using comparability data and performance evaluations.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Kipp North Carolina
EIN
86-1211081
Phone
6269756845
Address
1107 HOLLOWAY STREET, DURHAM, NC 27701

Signing Officer

Name
Anthony Burrell
Title
CFO
Phone
6269756845
Signed
2025-09-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony Burrell
Formed
2021
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
66
Volunteers
8

Preparer

Firm
Sharpe Patel CPA
Address
5510 SIX FORKS ROAD SUITE 140, RALEIGH, NC 27609
Preparer
Rebecca Fisher
Phone
7044993893
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for federal or state income taxes has been made in the accompanying financial statements. The organization evaluates any uncertain tax positions and records a liability, including any related interest and penalties, when it is more likely than not that a position taken by management regarding a transaction or class of transactions would be overturned upon examination by a taxing authority. Management believes there are no such positions as of june 30, 2024 and 2023. The organization files its form 990 series tax returns in the u.s. Federal jurisdiction. These returns are subject to examination by the internal revenue service for a period of three years after the respective filing deadlines.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Fundraising expenses to part viii -36,281.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses to part viii 36,281.

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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NoncashContributionsAmt09934
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IRS990/OperateHospitalInd00
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IRS990/OrganizationFollowsFASB117Ind0X
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