Kipp Nashville
- Assets
- $80.8m
- Revenue
- $48.0m
- Investments
- $0.0
- Employees
- 341
- Location
- Nashville, TN
- Founding
- 02/2006
- Data as of
- 06/2021
- EIN
- 20-2799123
Organization Overview
Kipp Nashville is located in Nashville, TN. 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 Nashville employed 341 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp Nashville 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 Nashville generated $48.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $34.5m during the year ending 06/2021. While expenses have increased by 17.7% 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
SERVE EDUCATIONALLY UNDERSERVED STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIPP NASHVILLE HAS BEEN APPROVED TO OPERATE PUBLIC CHARTER SCHOOLS. AS OF JUNE 30, 2021, KIPP NASHVILLE HAS ENTERED INTO CHARTER SCHOOL AGREEMENTS WITH BOTH METRO NASHVILLE PUBLIC SCHOOLS AND THE STATE OF TENNESSEE BOARD OF EDUCATION TO OPERATE THE FOLLOWING CHARTER SCHOOLS IN NASHVILLE, TENNESSEE: KIPP ACADEMY NASHVILLE (GRADES FIVE THROUGH EIGHT), KIPP NASHVILLE COLLEGE PREP (GRADES FIVE THROUGH EIGHT), KIPP NASHVILLE COLLEGIATE HIGH SCHOOL (GRADES NINE THROUGH TWELVE), KIPP KIRKPATRICK ELEMENTARY SCHOOL (GRADES KINDERGARTEN THROUGH FOUR), KIPP NASHVILLE COLLEGE PREP ELEMENTARY (GRADES KINDERGARTEN THROUGH FOUR), KIPP ANTIOCH COLLEGE PREP ELEMENTARY (GRADES KINDERGARTEN THROUGH FOUR), AND KIPP ANTIOCH COLLEGE PREP MIDDLE (GRADES FIVE THROUGH EIGHT).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Dowell Executive Director | Officer | 50 | $226,000 |
Nancy Livinston Chief Of Schools | Officer | 50 | $158,200 |
Daniel Gennaoui Chief Financial Officer | Officer | 50 | $155,100 |
Adrianna Clemons Chief Operating Officer | Officer | 50 | $144,000 |
Lindsay Wright Chief Talent Officer | Officer | 50 | $130,000 |
Kate Baker Head Of School | 50 | $128,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Df Chase General Contractor | 6/29/20 | $2,999,686 |
Dowdle Construction Group General Contractor | 6/29/20 | $2,422,550 |
Project Play Therapy Llc Therapy Services | 6/29/20 | $476,567 |
Project Play Therapy Llc Therapy Services | 6/29/20 | $476,567 |
Gha Technologies Inc Technology Services | 6/29/20 | $317,917 |
Df Chase General Contractor | 6/29/20 | $2,999,686 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,125,580 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,802,304 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,927,884 |
| Total Program Service Revenue | $0 |
| Investment income | $44,758 |
| 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 | $47,985,945 |
| 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. | $1,700,317 |
| Compensation of current officers, directors, key employees. | $425,079 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,830,389 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,091 |
| Fees for services: Accounting | $64,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,387,274 |
| Advertising and promotion | $0 |
| Office expenses | $2,195,561 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,643,330 |
| Travel | $139,863 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,936,458 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $34,470,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,196,726 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,859,696 |
| Accounts receivable, net | $238,740 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,541,471 |
| Net Land, buildings, and equipment | $29,287,189 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $307,882 |
| Intangible assets | $84,851 |
| Other assets | $20,307,973 |
| Total assets | $80,824,528 |
| Accounts payable and accrued expenses | $2,807,020 |
| Grants payable | $0 |
| Deferred revenue | $5,929,006 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $40,775,876 |
| Other liabilities | $0 |
| Total liabilities | $49,511,902 |
| Net assets without donor restrictions | $25,588,969 |
| Net assets with donor restrictions | $5,723,657 |
| 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 | $80,824,528 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Kipp Nashville has recieved totaling $4,609,755.
| Awarding Organization | Amount |
|---|---|
Kipp Foundation San Francisco, CA PURPOSE: MARKETING; GPA & ADVANCE PLACEMENT; MENTAL-HEALTH & HEALING ASSISTANCE; NEW SCHOOL START-UP; EARLY LITERACY; DIRECTOR OF LEADERSHIP DEVELOPMENT | $3,227,415 |
Scarlett Family Foundation Nashville, TN PURPOSE: SUPPORT FOR SCHOOL LEADER DEVELOPMENT | $350,000 |
Scarlett Family Foundation Nashville, TN PURPOSE: SUPPORT FOR SCHOOL LEADER DEVELOPMENT | $350,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $204,780 |
City Fund Beaverton, OR PURPOSE: OPERATING SUPPORT | $181,000 |
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $175,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Drew Charter School Inc Atlanta, GA | $34,692,137 | $41,952,542 |
North Carolina Charter Educational Foundation Inc Mooresville, NC | $93,431,533 | $35,029,413 |
Lead Public Schools Inc Nashville, TN | $24,033,254 | $42,742,487 |
Kipp Nashville Nashville, TN | $80,824,528 | $47,985,945 |
Georgia Connections Academy Charter School Inc Duluth, GA | $22,514,475 | $38,349,918 |
Arkansas Virtual Academy Little Rock, AR | $3,075,159 | $27,721,037 |
Kindezi School Inc Atlanta, GA | $19,750,427 | $21,363,051 |
Kipp Enc Public Schools Gaston, NC | $35,993,575 | $43,410,261 |
Gestalt Community Schools Memphis, TN | $46,137,229 | $27,266,737 |
Foothills Education Center Inc Athens, GA | $29,237,884 | $30,776,964 |
Kipp Memphis Inc Memphis, TN | $24,468,081 | $25,479,805 |
Valor Collegiate Academies Nashville, TN | $48,008,126 | $29,376,935 |