Civic Intelligence

Kipp North Carolina Public Schools Inc.

990 • Fiscal year 2023 • EIN 86-1211081

Jul 01, 2022 to Jun 30, 2023 • Filed on Mar 15, 2024

Organization ProfileN/A
1107 Holloway StreetDurham, NC 27701

(626) 975-6845

Siviq Scores

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

Liabilities / Assets

17th percentile

0.02x

Higher debt load relative to assets than 17% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

12th percentile

0.01x

Higher debt load relative to revenue than 12% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Net Margin

85th percentile

30%

Higher net margin than 85% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

77th percentile

$222,567

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2023 filings • NTEE B • $5M-$10M nonprofits • Source year 2023

Asset Growth

89th percentile

89%

Faster asset growth than 89% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

62nd percentile

11%

Faster revenue growth than 62% of similar nonprofits.

2023 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$5,433,947

Up $2,564,167 (+89%) from 2022

Net Assets

Up

$5,344,397

Up $2,672,202 (+100%) from 2022

Liabilities

Down

$89,550

Down $108,035 (-55%) from 2022

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin85th percentile

Revenue

Up

$8,803,639

Up $905,461 (+11%) from 2022

Expenses

Up

$6,131,437

Up $905,454 (+17%) from 2022

Net Income

Up

$2,672,202

Up $7 (+0.0%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$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

2023

Assets$5,433,947
Liabilities$89,550
Net Assets$5,344,397
Open 2023 Filing

Operations Trend

Revenue Growth62nd percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$8,803,639
Expenses$6,131,437
Net Income$2,672,202
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Mar 15, 2024
Return Version
2022v5.0
Gross Receipts
$8,803,639
Mission and Program Overview

Mission

Support of member charter schools in North Carolina

Support of member schools in north carolina

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,978,452$5,293,155▲ $3,314,703
Accounts Receivable$873,374$79,729▼ $793,645
Prepaid Expenses and Deferred Charges$1,688$50,587▲ $48,899
Land, Buildings, and Equipment, Net$16,266$10,476▼ $5,790
Total Assets$2,869,780$5,433,947▲ $2,564,167
Liabilities
Accounts Payable and Accrued Expenses$197,585$89,550▼ $108,035
Total Liabilities$197,585$89,550▼ $108,035
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,315,091$5,344,397▲ $3,029,306
Net Assets With Donor Restrictions$357,104--
Total Net Assets Fund Balance$2,672,195$5,344,397▲ $2,672,202
Total Liabilities and Net Assets / Fund Balance$2,869,780$5,433,947▲ $2,564,167

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,476$6,895$17,371
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tim SaintsingCEOFT$218,855$3,712$222,567
Anokhi SaraiyaChief AcademFT$173,750$3,523$177,273
Anokhi SaraiyaChief Academic Offic-$173,750$3,523$177,273
Michael StimpfelCFOFT$158,269$3,523$161,792
Lizzette CintronChief TalentFT$140,155$6,425$146,580
Christian DrakeCOOFT$142,688$3,523$146,211
Mai Li MunozChief Ext AfFT$115,262$3,614$118,876

Board Members and Trustees

NameTitle
Douglas KahnInterim Boar
Arthur RogersMember
Jon MorrisMember
Julius TilleryMember
Kelby HicksMember
Kimberly GreenMember
Minnie Forte-brownMember
Richard RichardsMember
Russ AltenburgMember
Revenue and Support

Revenue Composition

Contributions and Grants
$450,894
Program Service Revenue
$8,337,444
Investment Income
$12,125
Other Revenue
$3,176
All Other Contributions
$353,859
Change in Net Assets
$2,672,202

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,803,639
Total Revenue per Audited Statements
$8,803,639
Total Revenue per Form 990
$8,803,639
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,074,350
Other Expenses$1,057,087
Total Fundraising Expense$222,542
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,811,611$766,458$170,745$3,748,814
Current Officers, Directors, Trustees, and Key Employees$389,859$129,953-$519,812
Pension Plan Contributions$369,381$103,427$19,700$492,508
Travel$255,723$71,602$13,639$340,964
Fees for Services Other-$322,292-$322,292
Payroll Taxes$234,912$65,775$12,529$313,216
Information Technology$97,444$27,284$5,197$129,925
Conferences and Meetings$110,310--$110,310
Office Expenses-$66,599-$66,599
Other Expenses$13,727$16,164$732$16,164
Insurance-$14,888-$14,888
Depreciation Depletion-$5,790-$5,790
Advertising-$1,930-$1,930
Total Functional Expenses$4,282,967$1,625,928$222,542$6,131,437

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,131,437
Total Expenses per Audited Statements$6,131,437
Total Expenses per Form 990$6,131,437
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
No
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, Page 6, Part VI, Line 11B

“990 reviewed by board and finance committee prior to filing”

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

“Board reviews conflict of interest policy annually. Any conflicts or potential conflicts of interest are reviewed by the board. Board members recuse themselves from an discussion/decision that may involve a conflict of interest”

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

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

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

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

Form 990, Page 6, Part VI, Line 19

“Governing documents, 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 North Carolina
EIN
86-1211081
Phone
6269756845
Address
1107 HOLLOWAY STREET, DURHAM, NC 27701

Signing Officer

Name
Michael Stimpfel
Title
CFO
Phone
6269756845
Signed
2024-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Stimpfel
Formed
2021
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
54
Volunteers
10

Preparer

Firm
Sharpe Patel CPA
Address
325 ARLINGTON AVE STE 630, CHARLOTTE, NC 28203
Preparer
Megan a Ridgley CPA
Phone
7044993893
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization evaluates any uncertain tax positions. Accordingly, the organization's policy is to record a liability for any tax position taken that is beneficial to the organization, including any related interest and penalties, when it is more likely than not the position of management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of june 30, 2023 and 2022.”

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1KIPP CHARLOTTE INC
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION EVALUATES ANY UNCERTAIN TAX POSITIONS. ACCORDINGLY, THE ORGANIZATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE ORGANIZATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION OF MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2023 AND 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2MICHAEL STIMPFEL
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 REVIEWED BY BOARD AND FINANCE COMMITTEE PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD REVIEWS CONFLICT OF INTEREST POLICY ANNUALLY. ANY CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY THE BOARD. BOARD MEMBERS RECUSE THEMSELVES FROM AN DISCUSSION/DECISION THAT MAY INVOLVE A CONFLICT OF INTEREST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF TOP MANAGEMENT OFFICIALS IS APPROVED BY THE BOARD AND IS BASED ON COMPARABILITY DATA AND PERFORMANCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION OF KEY EMPLOYEES IS APPROVED BY BOARD AND BASED ON COMPARABILITY DATA AND PERFORMANCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ORGANIZATION'S OFFICE, UPON REQUEST.
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,433,947
Liabilities
$89,550
Net assets
$5,344,397
Revenue
$8,803,639
Expenses
$6,131,437
Net income
$2,672,202
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.17$0.06$6.10$8.51$7.75$0.76
2023Detailed filing. Detailed filing data is available for this year.$5.43$0.09$5.34$8.80$6.13$2.67
2022Detailed filing. Detailed filing data is available for this year.$2.87$0.20$2.67$7.90$5.23$2.67