Kipp Dc Supporting Corp
- Assets
- $9.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 04/2015
- Data as of
- 06/2022
- EIN
- 47-1876264
Organization Overview
Kipp Dc Supporting Corp is located in Washington, DC. The organization was established in 2015. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp DC Supporting Corp 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 06/2022, Kipp DC Supporting Corp generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 53.3% each year . All expenses for the organization totaled $516.3k during the year ending 06/2022. While expenses have increased by 37.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE KIPP DC SC IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL AND/OR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTIONS 501(C)(3) AND 170(C)(2) OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW (THE G CODE H). SPECIFICALLY, THE OBJECTS AND PURPOSES TO BE TRANSACTED, PROMOTED, AND CARRIED ON BY THE CORPORATION ARE AS FOLLOWS:(1) RAISING FUNDS TO PROVIDE FUNDS FOR THE BENEFIT OF, AND TO SUPPORT ALL ASPECTS OF THE MISSION OF, TO KIPP DC PCS (2) ACQUIRING, HOLDING AND MANAGING ASSETS FOR USE BY TO KIPP DC PCS WHERE DOING SO MAY RESULT IN LOWER COSTS OR GREATER EFFICIENCIES FOR TO KIPP DC PCS AND(3) PURSUING ANY OTHER PURPOSES WHICH A NONPROFIT CORPORATION ORGANIZED UNDER THE ACT AND DESCRIBED IN SECTION 501(C)(3) OF THE CODE IS LEGALLY ENTITLED TO PURSUE, PROVIDED THAT SUCH PURPOSES MUST FURTHER THE PURPOSE SET FORTH IN SUB ]ARTICLES (1) AND (2) ABOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIPP DC SC WILL PROVIDE SUPPORT TO KIPP DC PUBLIC CHARTER SCHOOL'S TEACHER RETENTION INITIATIVE TO RETAIN KIPP DC LEAD TEACHERS AT TO KIPP DC PUBLIC CHARTER SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Endom Chair | OfficerTrustee | 0.5 | $0 |
Alex Shawe Member | Trustee | 0.5 | $0 |
John Duff Member | Trustee | 0.5 | $0 |
Stephanie Kapsis Member | Trustee | 0.5 | $0 |
Dea Watkins Member | Trustee | 0.5 | $0 |
Allison Fansler Pres., Pres. - Kipp Dc Pcs Thru 6/22 | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,766,642 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,766,642 |
| Total Program Service Revenue | $0 |
| Investment income | $134,389 |
| 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 | $2,901,031 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $422,019 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,118 |
| Fees for services: Accounting | $17,172 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,011 |
| Advertising and promotion | $0 |
| Office expenses | $15 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $5,921 |
| All other expenses | $2,000 |
| Total functional expenses | $516,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $683,635 |
| 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 | $8,596,400 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,854 |
| Total assets | $9,282,889 |
| Accounts payable and accrued expenses | $396,711 |
| 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 | $0 |
| Total liabilities | $396,711 |
| Net assets without donor restrictions | $8,886,178 |
| 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 | $9,282,889 |