2020-06-19T11:46:55-05:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2018-07-01 203971209 KIPP NEW YORK INC KIPP 2129912600 1501 BROADWAY NO 1000 NEW YORK NY 10036 BRIAN ZIED CFO 2129912600 2020-06-12 1 DAVID M SEKERAK P01395497 2156433900 2020-06-04 67.137.57.251 2020-06-12 08:39:19 ED P 3EEEC8B090C07D7EECF61F1A8A191FC1967D2E7A 89F5FCC613F768174E66DBDA559CF61E06F38589 2018 2021-01-29 14:40:06Z X ALICIA JOHNSON 1501 BROADWAY NO 1000 NEW YORK NY 10036 25488548 0 X WWW.KIPPNYC.ORG X 2005 DE TO PROVIDE SUPPORT FOR KIPP NYC SCHOOLS AND PROGRAMS 17 17 274 28 0 0 7239618 12544079 9855254 10980758 426598 817347 982 81743 17522452 24423927 3056332 5031430 0 0 11397562 12599784 0 0 643133 3898330 3820677 18352224 21451891 -829772 2972036 42757911 46856352 2971048 4275654 39786863 42580698 TO PROVIDE SUPPORT FOR KIPP NYC SCHOOLS AND PROGRAMS 0 0 19474035 5031430 10980758 TO PROVIDE SUPPORT TO KIPP NYC SCHOOLS. TO SOLICIT, RAISE, RECEIVE, HOLD, INVEST AND EXPEND FUNDS FOR THE ADVANCEMENT AND FURTHERANCE OF SUCH PURPOSES AND TO ENGAGE IN ANY AND ALL LAWFUL ACTIVITIES IN THE FURTHERANCE OF THE FOREGOING PURPOSES. 19474035 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 33 0 274 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X BRIAN ZIED 2129912600 1501 BROADWAY NO 1000 NEW YORK NY 10036 LISA BLAU TRUSTEE 2.00 0.00 X 0 0 0 JACK CHOROWSKY TRUSTEE 2.00 0.00 X 0 0 0 KELLY COFFEY TRUSTEE 2.00 0.00 X 0 0 0 DEBORAH DAUMAN TRUSTEE 2.00 0.00 X 0 0 0 AMY GRIFFIN TRUSTEE 2.00 0.00 X 0 0 0 ADAOBI KANU TRUSTEE 2.00 0.00 X 0 0 0 ABIGAIL KLEM TRUSTEE 2.00 0.00 X 0 0 0 VALERIE LANCASTER-BEAL TRUSTEE 2.00 0.00 X 0 0 0 THOMAS LEHRMAN TRUSTEE 2.00 0.00 X 0 0 0 ANDREW PAUL TRUSTEE 2.00 0.00 X 0 0 0 JULISSA REYNOSO TRUSTEE 2.00 0.00 X 0 0 0 DWIGHT SCOTT TRUSTEE 2.00 0.00 X 0 0 0 FRED SCOTT TRUSTEE 2.00 0.00 X 0 0 0 RANDY SIMPSON TRUSTEE 2.00 0.00 X 0 0 0 MARVA SMALLS TRUSTEE 2.00 0.00 X 0 0 0 THOMAS J TISCH TRUSTEE 2.00 0.00 X 0 0 0 JOHN ZEILER TRUSTEE 2.00 0.00 X 0 0 0 DAVID J LEVIN VICE-CHAIR 2.00 0.00 X X 0 0 0 LARRY ROBBINS CHAIR 2.00 0.00 X X 0 0 0 ALICIA JOHNSON CHIEF OPERATING OFFICER 40.00 0.00 X 273497 0 17944 CHARIZMA WILLIAMS CHIEF FINANCIAL OFFICER 40.00 0.00 X 252879 0 17948 VICKI ZUBOVIC CHIEF EXTERNAL AFFAIRS OFFICER 40.00 0.00 X 235848 0 18105 NATALIE WEBB MD, SCHOOLS, LEADER DEV. 16.00 24.00 X 76087 137861 28668 EDWARD LAUX MD, TECHNOLOGY 40.00 0.00 X 221636 0 26512 KATINA GRAYS MD, OPERATIONS & DATA 40.00 0.00 X 166152 0 24326 VICTOR ACOSTA MD, FACILITIES 40.00 0.00 X 166492 0 26849 CATHERINE MARCIANO MD, COLLEGE PROGRAMS 40.00 0.00 X 147358 0 29975 SARA ALVARADO CONTROLLER 40.00 0.00 X 145597 0 37518 KRISTEN ZAKIERSKI DIRECTOR OF COLLEGE PROGRAMS 40.00 0.00 X 153910 0 8712 DANA CORREALLE SEN. DIRECTOR, FP&A 40.00 0.00 X 155764 0 32318 LAURA A RODARTE COUNSELOR 40.00 0.00 X 152274 0 500 2147494 137861 269375 31 0 1 0 PARAMOUNT LEASEHOLD LP PO BOX 432 EMERSON NJ 07630 RENTAL MANAGEMENT 572698 DEBEVOISE & PLIMPTON 919 THIRD AVENUE 28TH FLOOR NEW YORK NY 10022 LEGAL 268426 KAUFMAN ORGANIZATION 450 7TH AVENUE NEW YORK NY 10123 REAL ESTATE AGENCY 260537 BOND SCHOENECK & KING PLLC 600 THIRD AVENUE 22ND FLOOR NEW YORK NY 10016 LEGAL 129457 4 2956432 24999 9562648 198936 12544079 SERVICES RENDERED 909999 10980758 10980758 10980758 426801 426801 1197279 806733 390546 390546 390546 97145 2956432 257888 -160743 -160743 MISC REVENUE 900099 242486 242486 242486 24423927 10980758 0 899090 4730000 4730000 301430 301430 1838050 1543915 142985 151150 8777718 7786910 697307 293501 319304 284634 21458 13212 896150 783458 65395 47297 768562 682001 47222 39339 88672 63003 25669 36950 36950 571790 558831 12406 553 176833 170616 2446 3771 85027 26634 51247 7146 747296 735357 8783 3156 501083 488931 12152 7382 6182 1200 12199 12199 168233 166647 1586 80281 80281 PROFESSIONAL DEVELOPMEN 912544 718871 127189 66484 ALUMNI PROGRAMMING 119644 119644 CANDIDATE RECRUITING 106300 105646 452 202 ACADEMIC MATERIALS 61146 60654 193 299 145297 128472 -198 17023 21451891 19474035 1334723 643133 20243440 20107389 815796 1274240 1567402 4936779 504983 852915 17820000 17820000 692352 1082352 1387142 604465 195174 782677 756706 162058 42757911 46856352 1818614 1574602 1000000 13820 22784 1550000 138614 1128268 2971048 4275654 X 38260807 37763578 1526056 4817120 39786863 42580698 42757911 46856352 X 2972036 -297701 119500 X X 0 1 X 1 0 X X X 2 KIPP ACADEMY CHARTER SCHOOL 113550982 2 0 4730000 2436883 KIPP NYC PUBLIC CHARTER SCHOOL 300717988 2 0 0 10195056 2 4730000 12631939 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION A, LINE 1: THE ARTICLES OF INCORPORATION SPECIFICALLY DESIGNATE THAT THE ORGANIZATION SHALL OPERATE FOR THE BENEFIT OF THE KNOWLEDGE IS POWER PROGRAM (KIPP) SCHOOLS. IT SHALL PRIMARILY OPERATE FOR THE BENEFIT OF THE KIPP SCHOOLS LOCATED WITHIN THE FIVE BOUGHS OF NEW YORK CITY, NEW YORK, THAT ARE QUALIFIED, OR HAVE APPLIED FOR QUALIFICATION, AS AN IRC SECTION 501(C)(3) ORGANIZATION, BUT MAY FROM TIME TO TIME BENEFIT KIPP SCHOOLS MEETING ALL STATED CRITERIA BUT ARE LOCATED IN A DIFFERENT GEOGRAPHIC LOCATION. KIPP SCHOOLS CURRENTLY IN EXISTENCE THAT FALL INTO THIS CLASS ARE LISTED ON SCHEDULE A, PART I, LINE 12G, CURRENTLY ALL SUPPORTED SCHOOLS ARE LOCATED WITH THE FIVE BOUGHS OF NEW YORK CITY. PART IV, SECTION C, LINE 1: THE ORGANIZATION AND BOTH OF ITS SUPPORTED ORGANIZATIONS ARE ALL MANAGED BY THE SAME COO AND CFO, WHO REPORT ON THE ACTIVITY OF EACH ENTITY TO THE GOVERNING BOARDS OF ALL ENTITIES. THIS REGULAR COMMUNICATION THROUGH SHARED MANAGEMENT ALLOWS FOR THE SUPPORTED ORGANIZATIONS TO ENSURE THE SUPPORTING ORGANIZATION REMAINS RESPONSIVE TO THEIR NEEDS AND DEMANDS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 130031 124519 5512 930850 416169 514681 326261 63777 262484 782677 DEFERRED RENT LIABILITY 48965 DUE TO RELATED PARTIES 1079303 1128268 X 24542077 -297701 38463 119500 -139738 24681815 -257888 -257888 24423927 21748242 38463 257888 296351 21451891 0 21451891 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC AND APPLICABLE INCOME TAX REGULATIONS OF THE STATE OF NEW YORK. BECAUSE THE ORGANIZATION IS THE SOLE MEMBER OF THE LLC, KTC, AND KNYF, THE LLC, KTC AND KNYF WILL BE TREATED AS DISREGARDED ENTITIES FOR TAX PURPOSES AND THEREFORE THEIR ACTIVITIES ARE COMBINED WITH THE ORGANIZATION AND REPORTED AS ONE. THE ORGANIZATION RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX BENEFITS IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JUNE 30, 2019, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE SCHOOL HAD NO INTEREST OR PENALTIES RELATED TO INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FORGIVENESS OF RENT REVENUE 119,500. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES -257,888. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 257,888. CASINO NIGHT 2982349 2911324 71025 36451 149906 42600 7108 SIP FOR KIPP 71228 45108 26120 4850 15000 1973 3053577 2956432 97145 41301 164906 42600 9081 257888 -160743 1 KIPP ACADEMY CHARTER SCHOOL 230 EAST 156TH STREET BRONX NY 10451 113550982 501 (C) (3) 4730000 OPERATIONS GRANTS 1 0 SCHOLARSHIPS 10 31700 STIPENDS 994 159039 TUITION 40 110691 PART I, LINE 2: WHEN RESTRICTED GRANT MONIES ARE RECEIVED, KIPP NEW YORK, INC. CREATES A FUNDING SOURCE FOR EACH GRANT IN THEIR MIP SOFTWARE TO TRACK ALL RELATED REVENUE AND QUALIFYING EXPENSES. MIP REPORTS ARE RAN PERIODICALLY TO REVIEW AND MONITOR THE ACTIVITY. X X X X 0 0 0 0 0 0 0 0 0 ALICIA JOHNSON CHIEF OPERATING OFFICER 262037 0 11460 0 0 0 9054 0 8890 0 291441 0 0 0 CHARIZMA WILLIAMS CHIEF FINANCIAL OFFICER 237754 0 15125 0 0 0 9093 0 8855 0 270827 0 0 0 VICKI ZUBOVIC CHIEF EXTERNAL AFFAIRS OFFICER 225248 0 10000 0 600 0 9250 0 8855 0 253953 0 0 0 NATALIE WEBB MD, SCHOOLS, LEADER DEV. 72187 132011 3900 0 0 5850 3700 5550 7767 11651 87554 155062 0 0 EDWARD LAUX MD, TECHNOLOGY 211036 0 10000 0 600 0 0 0 26512 0 248148 0 0 0 KATINA GRAYS MD, OPERATIONS & DATA 157552 0 8000 0 600 0 6000 0 18326 0 190478 0 0 0 VICTOR ACOSTA MD, FACILITIES 161892 0 4000 0 600 0 8879 0 17970 0 193341 0 0 0 CATHERINE MARCIANO MD, COLLEGE PROGRAMS 145608 0 1500 0 250 0 4750 0 25225 0 177333 0 0 0 SARA ALVARADO CONTROLLER 141597 0 4000 0 0 0 7543 0 29975 0 183115 0 0 0 KRISTEN ZAKIERSKI DIRECTOR OF COLLEGE PROGRAMS 149310 0 4000 0 600 0 7712 0 1000 0 162622 0 0 0 DANA CORREALLE SEN. DIRECTOR, FP&A 150364 0 5000 0 400 0 9000 0 23318 0 188082 0 0 0 LAURA A RODARTE COUNSELOR 152274 0 0 0 0 0 0 0 500 0 152774 0 0 0 X 1 122853 FMV X ENTERTAINMENT EXPERIENCES 13 25819 FMV X SPORTS EVENTS TICKET 7 13300 FMV X MERCHANDISE 10 5433 FMV X CLASS PASSES 12 3378 FMV X GIFT & DISCOUNT CARDS 15 2030 FMV 0 0 0 0 PART I, COLUMN (B): THE FIGURE IN THIS COLUMN REPRESENTS THE NUMBER OF DONORS IN THE GIVEN CATEGORY. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD MAY DESIGNATE A COMMITTEE THAT HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. THE COMPOSITION OF THE COMMITTEE IS DETERMINED BY THE BOARD. NO COMMITTEE SHALL HAVE ANY POWER OR AUTHORITY TO: (A) ADOPT, AMEND OR REPEAL ANY BYLAW OF THE CORPORATION; (B) FILL VACANCIES IN THE BOARD OR IN ANY COMMITTEE; (C) AMEND OR REPEAL ANY RESOLUTION OF THE BOARD THAT BY ITS TERMS MAY NOT BE SO AMENDED OR REPEALED; (D) FIX COMPENSATION OF ANY DIRECTORS FOR SERVING ON THE BOARD OR ON ANY COMMITTEE; AND (E) DELEGATE ANY OF THE POWER OR AUTHORITY OF SUCH COMMITTEE TO A SUBCOMMITTEE UNLESS SO AUTHORIZED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 HAS BEEN PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM WITH THE ASSISTANCE OF MANAGEMENT. MANAGEMENT WILL PROVIDE THE FORM 990 TO THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C KIPP NEW YORK, INC. HAS ADOPTED A CONFLICT OF INTEREST POLICY FOR THE GUIDANCE OF ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES OF THE CORPORATION. DISCLOSURE OF MATERIAL FACTS SURROUNDING A CONFLICT OF INTEREST SHALL BE MADE TO THE CHAIRPERSON OF THE BOARD. A KEY EMPLOYEE WHO WISHES TO USE STAFF ASSISTANCE, SERVICES OR FACILITIES FOR PURPOSES OTHER THAN CARRYING OUT PROFESSIONAL RESPONSIBILITIES MUST DISCLOSE THE CONFLICT TO THE CHIEF OPERATING OFFICER OF KIPP NEW YORK, INC., WHO WILL EXERCISE DISCRETION IN ALLOWING OR DISALLOWING THE PROPOSED USE IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. THE CHAIRMAN OF THE BOARD REVIEWS ALL WRITTEN DISCLOSURES OF CONFLICTS OF INTEREST, HOWEVER RELATED PARTY TRANSACTIONS MUST GO THROUGH A FORMAL REVIEW BY A QUORUM OF THE BOARD CONSISTING OF INDEPENDENT DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S DETERMINATION OF COMPENSATION FOR THE SUPERINTENDENT, OTHER OFFICER AND KEY EMPLOYEE POSITIONS ARE BASED ON COMPENSATION SURVEYS, RELATED MARKET RESEARCH, EVALUATION OF PERFORMANCE AND EXPERIENCE. COMPENSATION FOR THE AFOREMENTIONED POSITIONS ARE DETERMINED ANNUALLY AND APPROVED BY THE BOARD OF THE RESPECTIVE ORGANIZATIONS. THIS PROCESS AND THE FINAL DETERMINATIONS WERE TIMELY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIALS STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: FORGIVENESS OF RENT REVENUE 119,500. FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES TO THE AUDITOR SELECTION OR AUDIT OVERSIGHT PROCESS FROM THE PRIOR YEAR. KIPP NYC LLC 470 7TH AVENUE 10TH FLOOR NEW YORK NY 10018 264180710 PROVIDE SUPPORT SERVICES TO KIPP NYC SCHOOLS AND PROGRAMS NY 9853566 7488731 KIPP NEW YORK INC KTC NYC LLC 470 7TH AVENUE 10TH FLOOR NEW YORK NY 10018 203971209 PROVIDE ACADEMIC AND FINANCIAL SUPPORT TO KIPP NYC ALUMNI NY 2181967 1782478 KIPP NEW YORK INC KIPP NYC FACILITY LLC 470 7TH AVENUE 10TH FLOOR NEW YORK NY 10018 452541726 DEVELOP, MANAGE AND LEASE PUBLIC SCHOOL FACILITIES NY 0 0 KIPP NEW YORK INC