Kipp Okc Public Schools
- Assets
- $532.2k
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 81
- Location
- Oklahoma City, OK
- Founding
- 11/2002
- Data as of
- 06/2024
- EIN
- 30-0005794
Organization Overview
Kipp Okc Public Schools is located in Oklahoma City, OK. The organization was established in 2002. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2024, Kipp Okc Public Schools employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp Okc Public Schools 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 06/2024, Kipp Okc Public Schools generated $6.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $6.8m during the year ending 06/2024. While expenses have increased by 10.3% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF CHARTER SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF KIPP CHARTER SCHOOL YEAR ROUND ANDPREPARE STUDENTS TO BE A SUCCESS IN SOCIETY ANDACADEMICS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Carter Superintendent | Officer | 0 | $115,174 |
Robert Ruiz Director | Trustee | 2 | $0 |
Corey Perry Director | Trustee | 2 | $0 |
Shenice Huff-Freeman Director | Trustee | 2 | $0 |
Ayshia Pittman Director | Trustee | 2 | $0 |
Bill Beckman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,331,964 |
| All other contributions, gifts, grants, and similar amounts not included above | $570,228 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,902,192 |
| Total Program Service Revenue | $17,767 |
| Investment income | $10,627 |
| 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 | $5,998,528 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,945,680 |
| Pension plan accruals and contributions | $292,646 |
| Other employee benefits | $357,160 |
| Payroll taxes | $217,458 |
| Fees for services: Management | $637,576 |
| Fees for services: Legal | $19,500 |
| Fees for services: Accounting | $46,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,404 |
| Advertising and promotion | $124,580 |
| Office expenses | $10,421 |
| Information technology | $111,851 |
| Royalties | $0 |
| Occupancy | $545,774 |
| Travel | $47,928 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,097 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,571 |
| All other expenses | $256,230 |
| Total functional expenses | $6,811,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $531,217 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,032 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $532,249 |
| Accounts payable and accrued expenses | $424,041 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$1,703 |
| Total liabilities | $422,338 |
| Net assets without donor restrictions | $109,911 |
| Net assets with donor restrictions | $0 |
| 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 | $532,249 |