Kipp Foundation

“Doris fisher is the mother of john fisher. Jack chorowsky is the brother-in-law of dave levin.”

“The audit committee and finance committee do not have authority to act on behalf of the governing body.”

“Members of the finance team prepared the 2015 990 organizer tabs, which were either reviewed by the controller or grants controller. All tabs were reviewed by legal counsel. The organizer was forwarded to hood and strong, llp for preparation of the form 990. Upon preparation of the 990 draft, the accounting manager, the controller, the cfo, and general counsel reviewed the first draft. Then, the ceo and president reviewed the second draft. The draft was submitted to the audit committee members. The audit committee members are encouraged to review the form 990 and direct their questions to the controller and/or general counsel. Upon satisfaction of any questions, the form 990 is distributed to the entire board prior to filing.”

“Officers and directors are required to annually disclose interests that could give rise to conflicts, as defined in the conflict of interest policy. Key employees are required to disclose any potential conflict of interest on an ongoing basis in accordance with the conflict of interest policy and kipp foundation code of ethics, which require disclosure wherever a potential conflict arises. If the board determines there is a conflict of interest, the chairman of the board shall, if appropriate, request an investigation of alternatives to the proposed transaction or arrangement. The board will then vote on whether or not to enter into the transaction or arrangement. The interested person may not vote on whether the transaction or arrangement is a conflict of interest nor whether it should be entered into.”

“The process for approval involves an independent third party organization providing information which: * provides market comparability data to assist the board in making decisions regarding any potential changes to the current compensation program, * evaluates the competitiveness of the current compensation arrangements and advise the board on the range of competitive practices for functionally comparable positions among similarly situated organizations providing similar services, * provides opinion on the reasonableness of the proposed compensation arrangements, taking all relevant factors into consideration, to assist the board with its governance responsibilities under internal revenue code section 4958 and applicable regulations, commonly referred to as the "intermediate sanctions" legislation, and * finally, said compensation is approved by the kipp foundation's board.”

“Audited financial statements, governing documents, and conflict of interest policy are available for the same period of time set forth in irc 6104(d). Documents may be viewed at www.kipp.org and upon request.”

“Computer/software consulting: program service expenses 7,696. Management and general expenses 1,035. Fundraising expenses 159. Total expenses 8,890. Operations consulting: program service expenses 4,340,276. Management and general expenses 583,497. Fundraising expenses 89,800. Total expenses 5,013,573. Consulting travel expense: program service expenses 110,209. Management and general expenses 14,816. Fundraising expenses 2,280. Total expenses 127,305. Temporary assistance: program service expenses 324,043. Management and general expenses 43,564. Fundraising expenses 6,704. Total expenses 374,311. Instructional consulting: program service expenses 1,092,974. Management and general expenses 146,937. Fundraising expenses 22,613. Total expenses 1,262,524. Instructional consulting travel expenses: program service expenses 226,568. Management and general expenses 30,458. Fundraising expenses 4,688. Total expenses 261,714. Web design: program service expenses 736. Management and general expenses 99. Fundraising expenses 15. Total expenses 850.”