Kipp Tech Valley Charter School
- Assets
- $44.2m
- Revenue
- $27.1m
- Investments
- $0.0
- Employees
- 247
- Location
- Albany, NY
- Founding
- 07/2006
- Data as of
- 06/2021
- EIN
- 20-1347748
Organization Overview
Kipp Tech Valley Charter School is located in Albany, NY. The organization was established in 2006. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Kipp Tech Valley Charter School employed 247 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp Tech Valley Charter School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Kipp Tech Valley Charter School generated $27.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.7% each year . All expenses for the organization totaled $23.7m during the year ending 06/2021. While expenses have increased by 29.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KIPP ALBANY COMMUNITY PUBLIC CHARTER SCHOOLS (KIPP ALBANY) LAUNCHED ON JULY 1, 2020 AS THE NEW PARTNERSHIP BETWEEN KIPP TECH VALLEY CHARTER SCHOOLS (KTV) AND ALBANY COMMUNITY CHARTER SCHOOLS (ACCS). KIPP ALBANY IS A UNIFIED GROUP OF SCHOOLS STRIVING TOWARDS EXCELLENCE IN EDUCATION IN THE CAPITAL REGION. LOCATED ON THE NORTH AND SOUTH END OF ALBANY, KIPP ALBANY WILL SERVE 1,600 STUDENTS IN GRADES K-8 IN THE 2021-2022 SCHOOL YEAR. KIPP ALBANY IS GOVERNED BY A LOCAL BOARD OF DIRECTORS FOCUSED ON PROVIDING STUDENTS WITH THE TOOLS THEY NEED TO ACHIEVE THEIR LIMITLESS POTENTIAL IN COLLEGE, CAREER, AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE REGULAR SCHOOL PROGRAM PROVIDES EDUCATIONAL PROGRAMS FOR KINDERGARTEN THROUGH GRADE 8. THERE ARE APPROXIAMATELY 1493 STUDENTS SERVICED.
THE SPECIAL EDUCATION PROGRAM PROVIDES CHILDREN WITH SPECIAL NEEDS WITH APPROPRIATELY BASED EDUCATIONAL ASSISTANCE. 6% OF STUDENTS RECEIVE SPECIAL EDUCATIONAL SERVICES.
OTHER PROGRAMS - FIELD TRIPS, TRANSPORTATION, AND NUTRITIONAL PROGRAMS SERVE STUDENTS IN KINDERGARTEN THROUGH 8.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
S N Currie Chief Impact Officer | Officer | 40 | $181,333 |
Stephanie Valle Executive Director | Officer | 40 | $172,318 |
Sherrmaine Moore-Boakye Middle School Principal | 40 | $142,080 | |
Maya Tucci Primary School Principal | 40 | $135,745 | |
Halim Genus Middle School Principal | 40 | $123,894 | |
Andrea Ellis Elementary School Principal | 40 | $117,881 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Infinite Love Llc Non-instructional Contract Labor | 6/29/21 | $186,370 |
Durham School Services Transportation | 6/29/21 | $204,360 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,069,939 |
| All other contributions, gifts, grants, and similar amounts not included above | $287,686 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,357,625 |
| Total Program Service Revenue | $23,742,962 |
| Investment income | $1,744 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,102,331 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $386,527 |
| Compensation of current officers, directors, key employees. | $74,650 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,083,655 |
| Pension plan accruals and contributions | $498,438 |
| Other employee benefits | $1,985,864 |
| Payroll taxes | $1,027,772 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,501 |
| Fees for services: Accounting | $107,391 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,187,029 |
| Advertising and promotion | $83,577 |
| Office expenses | $192,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $293,163 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $981,107 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $969,638 |
| Insurance | $209,018 |
| All other expenses | $966,057 |
| Total functional expenses | $23,748,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,643,143 |
| Savings and temporary cash investments | $1,406,180 |
| Pledges and grants receivable | $1,230,187 |
| Accounts receivable, net | $914,697 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $136,093 |
| Prepaid expenses and deferred charges | $100,059 |
| Net Land, buildings, and equipment | $28,604,662 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $153,615 |
| Total assets | $44,188,636 |
| Accounts payable and accrued expenses | $1,325,653 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $28,512,721 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,838,374 |
| Net assets without donor restrictions | $14,321,068 |
| Net assets with donor restrictions | $29,194 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $44,188,636 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kipp Tech Valley Charter School has recieved totaling $1,315,138.
| Awarding Organization | Amount |
|---|---|
Kipp Foundation San Francisco, CA PURPOSE: NEW SCHOOL START-UP FUNDING; MENTAL-HEALTH & HEALING ASSISTANCE | $1,282,363 |
Brighter Choice Foundation Inc Glenmont, NY PURPOSE: GENERAL OPERATING SUPPORT | $32,775 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mastery Charter High School Philadelphia, PA | $43,740,057 | $52,618,647 |
Public Prep Charter School Academies Bronx, NY | $28,993,375 | $52,903,915 |
Achievement First Inc New Haven, CT | $52,811,061 | $64,422,955 |
Explore Excel Charter School Brooklyn, NY | $21,686,253 | $46,865,700 |
Brooklyn Prospect Charter School Brooklyn, NY | $14,747,543 | $42,286,541 |
Little Red School House Inc New York, NY | $50,588,811 | $36,915,940 |
Philadelphia Performing Arts A String Theory Charter School Philadelphia, PA | $27,708,411 | $43,176,770 |
True North Rochester Preparatorycharter School Rochester, NY | $31,478,453 | $41,687,630 |
Classical Charter Schools Bronx, NY | $15,984,342 | $34,614,781 |
Bronx Charter School For Excellence Bronx, NY | $63,378,035 | $40,736,120 |
Avon Grove Charter School West Grove, PA | $50,579,082 | $34,467,872 |
Science Academies Of New York Charter Schools Syracuse, NY | $37,462,091 | $36,615,185 |