Kipp Baltimore Inc
- Assets
- $12.5m
- Revenue
- $31.7m
- Investments
- $0.0
- Employees
- 165
- Location
- Baltimore, MD
- Founding
- 11/2002
- Data as of
- 06/2023
- EIN
- 52-2342513
Organization Overview
Kipp Baltimore Inc is located in Baltimore, MD. 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 06/2023, Kipp Baltimore Inc employed 165 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp Baltimore Inc 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 06/2023, Kipp Baltimore Inc generated $31.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $27.0m during the year ending 06/2023. While expenses have increased by 5.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF KIPP BALTIMORE IS TO CREATE AND OPERATE PUBLIC SCHOOLS IN BALTIMORE CITY THAT LEAD STUDENTS FROM LOW SOCIOECONOMIC BACKGROUNDS AND A DIVERSITY OF SKILL LEVELS TO ATTEND AND SUCCEED IN FOUR-YEAR COLLEGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIPP RECEIVES FUNDING FROM THE BALTIMORE CITY PUBLIC SCHOOL SYSTEM THROUGH THE BOARD OF SCHOOL COMMISSIONERS TO MANAGE AND OPERATE A PUBLIC SCHOOL SERVING THE BALTIMORE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Shawe Director | Trustee | 1 | $0 |
Amy Kiesel Director | Trustee | 1 | $0 |
Anne Swett Director | Trustee | 1 | $0 |
Brian Riewerts Director | Trustee | 1 | $0 |
Brittany Ballentine Director | Trustee | 1 | $0 |
Curtis Rountree Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,934,380 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,778,051 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,712,431 |
| Total Program Service Revenue | $20,891,097 |
| Investment income | $21,299 |
| 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 | $31,690,889 |
| 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. | $221,360 |
| Compensation of current officers, directors, key employees. | $18,243 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,549,568 |
| Pension plan accruals and contributions | $88,876 |
| Other employee benefits | $3,347,561 |
| Payroll taxes | $1,263,539 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,511 |
| Fees for services: Accounting | $193,728 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $254,224 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $367,933 |
| Advertising and promotion | $0 |
| Office expenses | $142,571 |
| Information technology | $335,917 |
| Royalties | $0 |
| Occupancy | $1,399,682 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,599 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,691,581 |
| Insurance | $0 |
| All other expenses | $271,923 |
| Total functional expenses | $27,007,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,331,563 |
| Savings and temporary cash investments | $2,923,278 |
| Pledges and grants receivable | $2,903,532 |
| 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 | $156,641 |
| Net Land, buildings, and equipment | $4,063,486 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $126,694 |
| Total assets | $12,505,194 |
| Accounts payable and accrued expenses | $780,909 |
| 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 | $113,389 |
| Total liabilities | $894,298 |
| Net assets without donor restrictions | $9,646,339 |
| Net assets with donor restrictions | $1,964,557 |
| 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 | $12,505,194 |