Kipp Nyc Public Charter Schools Ii
- Assets
- $29.0m
- Revenue
- $109.3m
- Investments
- $0.0
- Employees
- 616
- Location
- New York, NY
- Founding
- Data as of
- 06/2021
- EIN
- 83-4247585
Organization Overview
Kipp Nyc Public Charter Schools Ii is located in New York, NY. 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 Nyc Public Charter Schools Ii employed 616 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp Nyc Public Charter Schools Ii 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 Nyc Public Charter Schools Ii generated $109.3m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $104.5m during the year ending 06/2021. While expenses have increased by 6.2% per year over the past 2 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
OPERATE AND MAINTAIN A PUBLIC SCHOOL CHARTERED BY THE NEW YORK STATE BOARD OF REGENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE CHARTER SCHOOL FOR APPROXIMATELY 4,100 STUDENTS ATTENDING KINDERGARTEN THROUGH GRADE 12. IN FY21, THE SCHOOL STARTED IN A REMOTE SETTING AND WENT BACK TO A FULLY IN-PERSON MODEL DURING THE YEAR, CONTINUED INVESTMENTS IN TECHNOLOGY AND OTHER RESOURCES TO SUPPORT REMOTE LEARNING AND SAFE IN-PERSON EDUCATION FOR STUDENTS WERE SUSTAINED DURING THE FISCAL YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Manly Superintendent | Officer | 16 | $271,346 |
Joseph Negron Managing Director, Middle Schools | Officer | 40 | $189,463 |
Allison Willis Managing Director, Middle Schools | Officer | 10 | $176,872 |
Daniel Swersky Principal | Officer | 40 | $170,350 |
Antoine Lewis Principal | Officer | 40 | $168,557 |
Brandi Vardiman Principal | Officer | 40 | $166,970 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,493,912 |
| All other contributions, gifts, grants, and similar amounts not included above | $768,706 |
| Noncash contributions included in lines 1a–1f | $40,676 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,262,618 |
| Total Program Service Revenue | $98,048,591 |
| Investment income | $1,022 |
| 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 | $109,312,231 |
| 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. | $2,957,280 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,404,361 |
| Pension plan accruals and contributions | $2,508,786 |
| Other employee benefits | $7,447,000 |
| Payroll taxes | $4,362,390 |
| Fees for services: Management | $12,937,963 |
| Fees for services: Legal | $267,309 |
| Fees for services: Accounting | $40,869 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,580,221 |
| Advertising and promotion | $305,264 |
| Office expenses | $3,406,613 |
| Information technology | $3,534,148 |
| Royalties | $0 |
| Occupancy | $1,929,785 |
| 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 | $2,101,093 |
| Insurance | $643,231 |
| All other expenses | $224,112 |
| Total functional expenses | $104,497,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,732,491 |
| Savings and temporary cash investments | $275,062 |
| Pledges and grants receivable | $4,217,926 |
| 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 | $9,126,426 |
| Net Land, buildings, and equipment | $6,907,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,753,681 |
| Total assets | $29,013,020 |
| Accounts payable and accrued expenses | $4,197,093 |
| 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 | $491,607 |
| Unsecured mortgages and notes payable | $300,000 |
| Other liabilities | $85,799 |
| Total liabilities | $5,074,499 |
| Net assets without donor restrictions | $23,566,019 |
| Net assets with donor restrictions | $372,502 |
| 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 | $29,013,020 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kipp Nyc Public Charter Schools Ii has recieved totaling $700,540.
| Awarding Organization | Amount |
|---|---|
Robbins Family Foundation New York, NY PURPOSE: TO CREATE JOYFUL, ACADEMICALLY EXCELLENT SCHOOLS THAT PREPARE STUDENTS WITH THE SILLS AND CONFIDENCE TO PURSUE THE PATHS THEY CHOOSE | $700,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $540 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Success Academy Charter Schools - Nyc New York, NY | $153,203,967 | $391,023,772 |
Achievement First Brooklyn Charter Schools New Haven, CT | $54,254,449 | $167,076,018 |
Uncommon New York City Charter Schools New York, NY | $122,371,103 | $160,782,001 |
Ascend Charter Schools Brooklyn, NY | $45,182,055 | $130,071,368 |
Team Academy Charter School Inc Newark, NJ | $62,784,056 | $112,036,254 |
Agora Cyber Charter School King Of Prussia, PA | $29,812,274 | $123,843,368 |
Kipp Nyc Public Charter Schools Ii New York, NY | $29,013,020 | $109,312,231 |
The Academy Charter School Hempstead, NY | $181,369,373 | $54,353,660 |
Mastery Charter High School Philadelphia, PA | $43,740,057 | $52,618,647 |
Public Prep Charter School Academies Bronx, NY | $28,993,375 | $52,903,915 |
Achievement First Inc New Haven, CT | $52,811,061 | $64,422,955 |
Explore Excel Charter School Brooklyn, NY | $21,686,253 | $46,865,700 |