Kipp Enc Public Schools
- Assets
- $38.1m
- Revenue
- $37.5m
- Investments
- $0.0
- Employees
- 358
- Location
- Gaston, NC
- Founding
- 08/2001
- Data as of
- 06/2022
- EIN
- 74-2991314
Organization Overview
Kipp Enc Public Schools is located in Gaston, NC. The organization was established in 2001. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Kipp Enc Public Schools employed 358 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp Enc 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 06/2022, Kipp Enc Public Schools generated $37.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $31.8m during the year ending 06/2022. While expenses have increased by 10.4% 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
OPERATION OF NORTH CAROLINA PUBLIC CHARTER SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIPP ENC OPERATED THREE PUBLICLY FUNDED CHARTER SCHOOLS IN NORTH CAROLINA, PROVIDING FACILITIES, TEACHERS, MATERIALS AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair | OfficerTrustee | 5 | $0 |
Name Not Listed Member | Trustee | 1 | $0 |
Name Not Listed Member | Trustee | 1 | $0 |
Name Not Listed Member | Trustee | 1 | $0 |
Name Not Listed Member | Trustee | 1 | $0 |
Name Not Listed Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bostock Education Consulting | 6/29/22 | $116,290 |
Charter Success Partners Financial Services | 6/29/22 | $105,697 |
Igneous Solutions Licensure Consulting | 6/29/22 | $103,075 |
On Ramps Services Educational Consulting | 6/29/22 | $160,705 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,634,871 |
| All other contributions, gifts, grants, and similar amounts not included above | $475,923 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,110,794 |
| Total Program Service Revenue | $240,095 |
| Investment income | $695 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,229 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,517,125 |
| 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. | $571,093 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,560,207 |
| Pension plan accruals and contributions | $163,717 |
| Other employee benefits | $1,601,950 |
| Payroll taxes | $1,051,432 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,177 |
| Office expenses | $530,760 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $462,938 |
| Travel | $34,077 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $200,697 |
| Interest | $884,015 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,106,820 |
| Insurance | $171,058 |
| All other expenses | $1,091,609 |
| Total functional expenses | $31,774,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,076,237 |
| Savings and temporary cash investments | $1,434,337 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,228,167 |
| 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 | $34,845 |
| Net Land, buildings, and equipment | $26,110,562 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $265,750 |
| Total assets | $38,149,898 |
| Accounts payable and accrued expenses | $1,111,558 |
| 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 | $26,270,161 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,381,719 |
| Net assets without donor restrictions | $6,813,871 |
| Net assets with donor restrictions | $3,954,308 |
| 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 | $38,149,898 |