2017-05-15T10:50:00-05:00 2016-06-30 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2015-07-01 943362724 KIPP FOUNDATION KIPP 4153991556 135 MAIN STREET NO 1700 SAN FRANCISCO CA 94105 GARFIELD BYRD CFO 4158747383 2017-05-10 1 MAGA E KISRIEV P01008919 4157810793 2015 2021-01-29 14:40:06Z RICHARD BARTH 135 MAIN STREET NO 1700 SAN FRANCISCO CA 94105 101820648 0 X WWW.KIPP.ORG X 2000 CA TO CREATE PUBLIC SCHOOLS THAT EQUIP UNDERSERVED STUDENTS WITH SKILLS TO SUCCEED IN COLLEGE & LIFE. 14 11 222 11 0 0 63150784 71134686 5230055 6250045 23452 -235404 4187 1751 68408478 77151078 23479474 17977969 0 0 22813835 23130582 0 0 2406138 25607705 20823964 71901014 61932515 -3492536 15218563 65449107 82387227 20652198 22371755 44796909 60015472 X THE PURPOSE OF THE KIPP FOUNDATION IS TO CREATE A RESPECTED, INFLUENTIAL, AND NATIONAL NETWORK OF FREE, OPEN ENROLLMENT, COLLEGE PREPARATORY PUBLIC SCHOOLS (KIPP SCHOOLS & REGIONS) THAT ARE SUCCESSFUL IN HELPING STUDENTS FROM EDUCATIONALLY UNDERSERVED COMMUNITIES DEVELOP THE KNOWLEDGE, SKILLS, CHARACTER AND HABITS NEEDED TO SUCCEED IN COLLEGE AND THE COMPETITIVE WORLD BEYOND. 0 0 27811377 17977969 4008249 NETWORK GROWTH & SUSTAINABILITY:THE FOUNDATION PROVIDES ON-GOING ASSISTANCE TO EXISTING KIPP SCHOOLS & REGIONS IN THE AREAS OF PROFESSIONAL DEVELOPMENT, CURRICULUM, INSTRUCTIONAL SUPPORT, SCHOOL OPERATIONS, SUSTAINABLE GROWTH, FUNDRAISING, AND MARKETING. 10806235 0 2241796 LEADERSHIP DEVELOPMENT:THE FOUNDATION TRAINS BOTH NEW AND SITTING TEACHERS TO BE LEADERS, ASSISTANT PRINCIPALS AND REGIONAL LEADERS THROUGH ITS KIPP SCHOOL LEADERSHIP PROGRAM (KSLP) AND NETWORK LEADER DEVELOPMENT (NLD) PROGRAMMING. KSLP HAS SIX COURSES: THE FISHER FELLOWSHIP, SUCCESSOR PREPARATION, LEADERSHIP TEAM, TEACHER LEADER, REGIONAL LEADER DEVELOPMENT, AND THE MILES FAMILY FELLOWSHIP.THE FISHER FELLOWSHIP IS A YEAR-LONG TRAINING FOCUSED ON OPENING AND LEADING A NEW KIPP SCHOOL. SUCCESSOR PREPARATION IS A YEAR-LONG TRAINING FOCUSED ON TAKING LEADERSHIP OF AN EXISTING KIPP SCHOOL. THE LEADERSHIP TEAM, TEACHER LEADER, AND MILES FAMILY FELLOWSHIP PROGRAMS ARE YEAR-LONG TRAININGS, FOCUSING ON DEVELOPING STAFF TO TAKE OVER LEADERSHIP ROLES (ASSISTANT PRINCIPAL, DEAN, GRADE LEVEL OR DEPARTMENT CHAIR) WITHIN THEIR CURRENT KIPP SCHOOL. THE REGIONAL LEADER DEVELOPMENT COURSE IS A YEAR-LONG TRAINING, FOCUSED ON DEVELOPING NEW REGIONAL LEADERS (SENIOR-LEVEL EMPLOYEES AT EACH REGION). THE NLD COURSES ARE LEARNING COLLABORATIVE THAT FOCUS ON DEVELOPING REGIONAL ACADEMIC TEAMS TO IMPROVE STUDENT ACADEMIC RESULTS. 6862904 0 0 RESEARCH, DESIGN & INNOVATION: THROUGH ITS RESEARCH, DESIGN AND INNOVATION WORK, THE FOUNDATION FOCUSES ON SUPPORTING CONTINUOUS LEARNING AND IMPROVEMENT AMONG KIPP SCHOOLS AND REGIONS BY: CREATING ONGOING VISIBILITY INTO NETWORK-WIDE, REGIONAL, AND SCHOOL HEALTH AND PERFORMANCE TRENDS; GENERATING ACTIONABLE INSIGHTS; AND ENSURING HIGH QUALITY DATA AND RESEARCH SUPPORT NETWORK LEADERS IN MAKING DATA-DRIVEN DECISIONS; PROMOTING THE CODIFYING AND DISSEMINATION OF PROMISING PRACTICES AND IDEAS AS WELL AS TOOLS AND RESOURCES WHICH SUPPORT THE IMPLEMENTATION OF THESE PRACTICES AND IDEAS; HOSTING AN ANNUAL GATHERING OF KIPP'S TEACHERS, LEADERS, AND STAFF FOCUSED ON LEARNING, PROFESSIONAL DEVELOPMENT, AND SHARING; PROVIDING THE TECHNOLOGY INFRASTRUCTURE AND APPLICATION DEVELOPMENT SUPPORT FOR KIPP FOUNDATION TEAMS. 6320056 0 0 KIPP THROUGH COLLEGE: THE FOUNDATION HAS CREATED A SET OF NATIONAL INITIATIVES AND PROGRAMS DESIGNED TO SUPPORT AND PROVIDE RESOURCES TO LOCAL KIPP THROUGH COLLEGE PROGRAMS ACROSS THE COUNTRY. THESE PROGRAMS INCLUDE BUILDING COLLEGE PARTNERSHIPS, BUILDING SUPPORT FOR COLLEGE STUDENTS, SUPPORTING SITES AND PROFESSIONAL DEVELOPMENT THROUGH TRAINING AND WEBSITE COLLABORATION TOOLS.TEACHING & LEARNING LABS:THE FOUNDATION FOCUSES ON EQUIPPING TEACHERS, SCHOOLS AND REGIONS WITH TRAINING AND RESOURCES TO MAXIMIZE THEIR INSTRUCTIONAL EFFECTIVENESS AND OUTCOMES. 6320056 0 0 51800572 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 365 0 1 222 1 0 0 0 0 0 0 0 0 0 0 X 14 11 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 AK AL AR CA CT FL GA IL KS KY MA MD MI MN MS NC NH NJ NM NV NY OK OR PA RI SC TN UT VA WI WV X X GARFIELD BYRD 4155134114 135 MAIN STREET SUITE 1700 SAN FRANCISCO CA 94105 JOHN FISHER CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 DORIS FISHER CO-FOUNDER, BOARD MEMBER 1.00 X 0 0 0 EMMA BLOOMBERG BOARD MEMBER 1.00 X 0 0 0 KATHERINE BRADLEY BOARD MEMBER 1.00 X 0 0 0 PHILIPPE DAUMAN BOARD MEMBER 1.00 X 0 0 0 REED HASTINGS BOARD MEMBER 1.00 X 0 0 0 MARTHA KARSH BOARD MEMBER 1.00 X 0 0 0 MICHAEL LOMAX BOARD MEMBER 1.00 X 0 0 0 MARK NUNNELLY BOARD MEMBER 1.00 X 0 0 0 SUSAN SCHAEFFLER BOARD MEMBER 1.00 X 0 0 0 CARRIE WALTON PENNER BOARD MEMBER 1.00 X 0 0 0 RICHARD BARTH CHIEF EXECUTIVE OFFICER 40.00 X X 439099 0 14045 MICHAEL FEINBERG CO-FOUNDER, DIRECTOR 40.00 X 188790 0 31451 DAVID LEVIN CO-FOUNDER, DIRECTOR 40.00 X 435949 0 40595 TARUN BHATIA CHIEF FINANCIAL OFFICER (THRU 12/15) 40.00 X 171287 0 25332 GARFIELD BYRD CHIEF FINANCIAL OFFICER 40.00 X 46410 0 9411 MARISELA MARTINEZ SECRETARY 40.00 X 90486 0 14730 JACK CHOROWSKY PRESIDENT 40.00 X 306751 0 28942 DAVID WICK CHIEF EXTERNAL IMPACT OFFICER 40.00 X 294042 0 26530 JONATHAN COWAN CHIEF RESEARCH,DESIGN & INNOVATION OFFICER 40.00 X 223340 0 25899 VALERIE FAILLACE CHIEF STRATEGY OFFICER 40.00 X 202018 0 24337 LISA DAGGS CHIEF NETWORK GROWTH OFFICER 40.00 X 199339 0 14995 WILLIAM HIGHBAUGH GENERAL COUNSEL 40.00 X 198756 0 15089 2796267 0 271356 71 0 1 0 WORDS & NUMBERS INC 2050 ROCKROSE AVENUE BALTIMORE MD 21211 LESSON RESEARCH AND DEVELOPMENT 1919574 ARAMARK SPORTS AND ENTERTAINMENT SERVICE 800 WEST KATELLA AVENUE ANAHEIM CA 92802 CATERER SERVICES 1027853 FOOD SERVICE MANAGEMENT BY MGR LLC 285 ANDREW YOUNG INTERNATIONAL BLVD ATLANTA GA 30313 CATERER SERVICES 705672 MARRIOTT BUSINESS SERVICES PO BOX 403003 ATLANTA GA 30384 CONFERENCE SERVICES 571098 THE WESTIN PEACHTREE PLAZA 210 PEACHTREE STREET NW ATLANTA GA 30303 CONFERENCE SERVICES 468985 34 15991196 55143490 7329879 71134686 LICENSE FEES 900099 4008249 4008249 LEADERSHIP INCOME 900099 2241796 2241796 6250045 47083 47083 24387083 24669570 -282487 -282487 -282487 LOAN ORIG/PTL GUARANTY 900099 1746 1746 MISCELLANEOUS INCOME 900099 5 5 1751 77151078 6250045 0 -233653 X 17584116 17584116 393853 393853 3458367 1281569 1652519 524279 16027203 12022506 2931033 1073664 602687 453278 108987 40422 1709910 1267042 335805 107063 1332415 918120 306311 107984 84885 84885 220110 220110 7049167 6102502 820406 126259 260108 244150 8267 7691 1442521 1048360 345880 48281 494855 449148 36174 9533 1300040 923120 288705 88215 3908901 3419801 306544 182556 3815571 3761722 34461 19388 1650 1650 839007 581273 197413 60321 73999 51281 17401 5317 SCHOOL LEADER TRAINING 1278434 1181613 92884 3937 EMPLOYEE RECRUITING COS 292763 27857 263938 968 DATA ACQUISITION 8120 8120 BAD DEBT RECOVERY -246167 -3744 -242683 260 61932515 51800572 7725805 2406138 39707565 41954115 15927434 29130792 2917360 3039582 2300000 2950000 722416 1263178 5525986 3744889 2135907 1781097 576157 576157 1162268 1692306 65449107 82387227 12818610 14820909 596322 291325 7237266 7259521 20652198 22371755 X 30337508 31166034 14459401 28849438 44796909 60015472 65449107 82387227 15218563 0 X 0 1 X 1 1 1 X 52851211 62452414 59585599 61843473 71134686 307867383 52851211 62452414 59585599 61843473 71134686 307867383 102608324 205259059 65082 49492 35505 28824 47083 225986 5995 2442 5317 4187 1751 19692 308113061 24580443 0.66620 0.70820 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2011 AMOUNT: $ 5,995. 2012 AMOUNT: $ 2,442. 2013 AMOUNT: $ 5,317. 2014 AMOUNT: $ 4,187. 2015 AMOUNT: $ 1,751. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 1 15000 1 70449 1 3708 0 89157 0 PART II-B, LINE 1: THE FOUNDATION HAS A SENIOR GOVERNMENT AFFAIRS AND POLICY DIRECTOR WHO LOBBIES TO MODERNIZE THE CHARTER SCHOOLS PROGRAM ON THE NATIONAL LEVEL. EXPENSES IN LINE 1G AND 1H INCLUDE A PORTION OF THE SALARY OF THIS INDIVIDUAL. EXPENSES IN LINE 1F REFER TO A PORTION OF GRANTS GIVEN BY THE FOUNDATION TO THE KIPP SCHOOLS AND REGIONS. THESE GRANTS PRIMARILY HELP THE REGIONS GET APPROVAL TO GROW NEW SCHOOLS, RENEW EXISTING CHARTERS, AND ENGAGE FAMILIES. NONE OF THESE EXPENSES ARE USED FOR POLITICAL ACTIVITIES PROHIBITED BY THE INTERNAL REVENUE CODE FOR 501(C)(3)S. 1114793 515747 599046 1109758 902386 207372 3301435 2326756 974679 1781097 GUARANTEES 12475 GOVERNMENT ADVANCE 7247046 7259521 X 78934687 1783609 1783609 77151078 0 77151078 63716124 1783609 1783609 61932515 0 61932515 PART X, LINE 2: THE FOUNDATION HAS RECEIVED RULINGS FROM THE INTERNAL REVENUE SERVICE UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FROM THE STATE OF CALIFORNIA FRANCHISE TAX BOARD GRANTING EXEMPTION FROM TAXATION ON RELATED INCOME. THE FOUNDATION MAY BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, IF ANY, GENERATED BY ITS INVESTMENTS. MANAGEMENT HAS EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS MAINTAINED ITS TAX EXEMPT STATUS AND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. 1 KIPP ADELANTE PREPARATORY ACADEMY 1475 SIXTH AVE 100 SAN DIEGO CA 92101 481291867 501(C)(3) 9692 KIPP THROUGH COLLEGE KIPP AUSTIN PUBLIC SCHOOLS INC 8509 FM 969 BUILDING 513 AUSTIN TX 78724 010639602 501(C)(3) 96180 PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL START-UP, KIPP THROUGH COLLEGE, SCHOOL MUSIC PROGRAMS KIPP BALTIMORE INC 4701 GREENSPRING AVE RM 115 BALTIMORE MD 21209 522342513 501(C)(3) 41850 SCHOOL START-UP, KIPP THROUGH COLLEGE, LOCAL ADVOCACY KIPP BAY AREA SCHOOLS 1404 FRANKLIN STREET SUITE 500 OAKLAND CA 94612 205010766 501(C)(3) 1437092 PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL START-UP, KIPP THROUGH COLLEGE, SCHOOL MUSIC PROGRAMS, LOCAL ADVOCACY, LOBBYING GRANT KIPP CHARLOTTE 931 WILANN DRIVE CHARLOTTE NC 28215 205664061 501(C)(3) 423000 SCHOOL START-UP, REGIONAL GROWTH KIPP CHICAGO 1945 SOUTH HALSTED STREET 101 CHICAGO IL 60608 300075271 501(C)(3) 684044 PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL START-UP, REGIONAL GROWTH, SCHOOL MUSIC PROGRAMS, LOCAL ADVOCACY KIPP COLORADO SCHOOLS 451 SOUTH TEJON STREET DENVER CO 80223 800037534 501(C)(3) 471913 PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL START-UP, REGIONAL GROWTH, LOBBYING GRANT KIPP COLUMBUS 2750 AGLER ROAD COLUMBUS OH 43224 208627107 501(C)(3) 404562 SCHOOL START-UP, KIPP THROUGH COLLEGE KIPP DALLAS-FORT WORTH 1401 SOUTH LAMAR STREET LOWER LEVEL LEVEL DALLAS TX 75215 820578155 501(C)(3) 1022159 SCHOOL START-UP, REGIONAL GROWTH, KIPP THROUGH COLLEGE KIPP DC 1003 K STREET NW SUITE 700 WASHINGTON DC 20001 742974642 501(C)(3) 1014938 PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL START-UP, KIPP THROUGH COLLEGE, SCHOOL MUSIC PROGRAMS KIPP DELTA PUBLIC SCHOOLS 415 OHIO STREET HELENA AR 72342 311807400 501(C)(3) 623028 SCHOOL START-UP, KIPP THROUGH COLLEGE, SCHOOL MUSIC PROGRAMS; RECRUITMENT KIPP EASTERN NOTHERN CAROLINA 320 PLEASANT HILL ROAD GASTON NC 64127 742991314 501(C)(3) 451138 SCHOOL START-UP, REGIONAL GROWTH, SCHOOL MUSIC PROGRAMS KIPP ENDEAVOR ACADEMY 2700 E 18TH ST 155 B KANSAS CITY MO 32254 208552002 501(C)(3) 344875 SCHOOL START-UP, KIPP THROUGH COLLEGE KIPP HOUSTON 10711 KIPP WAY HOUSTON TX 77099 133875888 501(C)(3) 1777370 PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL START-UP, KIPP THROUGH COLLEGE, SCHOOL MUSIC PROGRAMS, LOCAL ADVOCACY, LOBBYING GRANT KIPP INDIANAPOLIS 1740 EAST 30TH STREET INDIANAPOLIS IN 77099 300145826 501(C)(3) 440250 SCHOOL START-UP, REGIONAL GROWTH, KIPP THROUGH COLLEGE KIPP JACKSONVILLE 1440 MCDUFF AVENUE NORTH JACKSONVILLE FL 46205 264046741 501(C)(3) 442177 SCHOOL START-UP KIPP LA SCHOOLS 3601 E FIRST STREET LOS ANGELES CA 90022 261607268 501(C)(3) 1254536 PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL START-UP, KIPP THROUGH COLLEGE, LOCAL ADVOCACY, LOBBYING GRANT KIPP MASSACHUSETTS 90 HIGH ROCK STREET LYNN MA 01902 743153091 501(C)(3) 937814 PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL START-UP, KIPP THROUGH COLLEGE, SCHOOL MUSIC PROGRAMS, REGIONAL GROWTH KIPP MEMPHIS COLLEGIATE SCHOOLS 2670 UNION AVENUE EXTENDED 1100 MEMPHIS TN 38112 680502820 501(C)(3) 577898 SCHOOL START-UP, KIPP THROUGH COLLEGE, SCHOOL MUSIC PROGRAMS KIPP METRO ATLANTA 350 TEMPLE STREET NW ATLANTA GA 30314 113723114 501(C)(3) 347915 SCHOOL START-UP, KIPP THROUGH COLLEGE, SCHOOL MUSIC PROGRAMS KIPP MINNESOTA 5034 N OLIVER AVENUE MINNEAPOLIS MN 55403 208877750 501(C)(3) 213170 PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL START-UP, KIPP THROUGH COLLEGE KIPP NASHVILLE 3410 KNIGHT DRIVE NASHVILLE TN 37207 202799123 501(C)(3) 637953 SCHOOL START-UP, KIPP THROUGH COLLEGE, SCHOOL MUSIC PROGRAMS KIPP NEW JERSEY 60 PARK PLACE SUITE 802 NEWARK NJ 02141 010660264 501(C)(3) 671637 PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL START-UP, KIPP THROUGH COLLEGE KIPP NEW ORLEANS 2514 THIRD STREET NEW ORLEANS LA 70113 202277213 501(C)(3) 376302 PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL START-UP, KIPP THROUGH COLLEGE, SCHOOL MUSIC PROGRAMS KIPP NYC 470 7TH AVENUE 10TH FLOOR NEW YORK NY 10018 203971209 501(C)(3) 296288 SCHOOL START-UP, KIPP THROUGH COLLEGE, SCHOOL MUSIC PROGRAMS KIPP PHILADELPHIA SCHOOLS 5900 BALTIMORE AVENUE PHILADELPHIA PA 19132 050546103 501(C)(3) 439591 PRINCIPAL PIPELINE & DEVELOPMENT, SCHOOL START-UP, KIPP THROUGH COLLEGE, SCHOOL MUSIC PROGRAMS KIPP REACH COLLEGE PREPARATORY 1901 NE 13TH STREET OKLAHOMA CITY OK 73117 300005794 501(C)(3) 82550 REGIONAL GROWTH, KIPP THROUGH COLLEGE, ACADEMIC STRATEGY KIPP SAN ANTONIO 731 FREDERICKSBURG ROAD SAN ANTONIO TX 78201 412090713 501(C)(3) 681782 SCHOOL START-UP, KIPP THROUGH COLLEGE, REGIONAL GROWTH, SCHOOL MUSIC PROGRAMS KIPP ST LOUIS 2647 OHIO AVENUE ST LOUIS MO 63118 010916759 501(C)(3) 950288 SCHOOL START-UP, KIPP THROUGH COLLEGE KIPP TECH VALLEY 1 DUDLEY HEIGHTS ALBANY NY 12210 201347748 501(C)(3) 363779 SCHOOL START-UP, FEDERAL SUB-GRANTS KIPP TULSA COLLEGE PREPARATORY 1661 EAST VIRGIN STREET TULSA OK 74106 113740269 501(C)(3) 68345 REGIONAL GROWTH, KIPP THROUGH COLLEGE 31 0 HARRIET BALL EXCELLENCE IN TEACHING AWARD 13 130000 KIPP SIX AWARD 21 220000 KIPPSTER OF THE YEAR (TRAVEL AND TUITION) 18 43853 PART I, LINE 2: THE FOUNDATION GIVES GRANTS TO KIPP REGIONS BASED ON NEED OR SPECIFICATION FROM THE GRANTOR. EACH GRANT HAS A SEPARATE SET OF CRITERIA AND IS REVIEWED BY FOUNDATION STAFF FOR COMPLIANCE AND MERIT. SCHEDULE I, PART I, LINE 2 U.S. DEPARTMENT OF EDUCATION (US ED) SCHOOL GRANTS ARE APPLIED FOR BY THE INDIVIDUAL SCHOOLS THROUGH SUBMISSION OF DETAILED BUDGET REQUESTS, WHICH ARE ULTIMATELY APPROVED FOR FUNDING BY THE U.S. DEPARTMENT OF EDUCATION. UPON AWARD, GRANT LETTERS ARE PROVIDED TO EACH OF THE SCHOOLS STATING SPECIFIC TERMS FOR COSTS ACCEPTED FOR FUNDING AND BUDGET COMPLIANCE. IN ADDITION, A CONFERENCE CALL IS HELD DIRECTLY WITH A U.S. DEPARTMENT OF EDUCATION REPRESENTATIVE AND A REPRESENTATIVE FROM EACH OF THE KIPP SCHOOLS AWARDED FUNDING TO REVIEW THE AWARD GUIDELINES. COMPLIANCE THROUGHOUT THE YEAR IS MONITORED BY THE KIPP FOUNDATION FINANCE TEAM THROUGH THE REVIEW OF THE QUARTERLY DRAWDOWN REQUESTS AND SITE VISITS AS APPLICABLE. EACH RECIPIENT SCHOOL IS REQUIRED TO SUBMIT APPROPRIATE DOCUMENTATION AND RECORDS FOR ALL EXPENSES FOR WHICH THEY ARE REQUESTING TO DRAWDOWN FUNDS. KIPP FOUNDATION REVIEWS EACH REQUEST FOR ACCURACY AND ALLOWABILITY, IN ACCORDANCE WITH THE ORIGINAL BUDGET REQUEST. RECIPIENT SCHOOLS ARE SUBJECT TO AN ANNUAL SINGLE AUDIT AS APPLICABLE AND REVIEW OF SCHOOL FINANCIAL STATEMENTS TO ENSURE THAT EACH SCHOOL RECEIVED AN UNQUALIFIED OPINION. FINALLY, KIPP FOUNDATION PROVIDES AN ANNUAL REPORT TO THE U.S. DEPARTMENT OF EDUCATION REGARDING FUNDS RECEIVED DURING THE PREVIOUS FISCAL YEAR TO ENSURE COMPLIANCE. X X X X 1 0 0 0 0 0 0 0 0 RICHARD BARTH CHIEF EXECUTIVE OFFICER 439099 0 0 0 0 0 12696 0 1349 0 453144 0 0 0 MICHAEL FEINBERG CO-FOUNDER, DIRECTOR 185002 0 0 0 3788 0 7686 0 23765 0 220241 0 0 0 DAVID LEVIN CO-FOUNDER, DIRECTOR 435949 0 0 0 0 0 17500 0 23095 0 476544 0 0 0 TARUN BHATIA CHIEF FINANCIAL OFFICER (THRU 12/15) 171287 0 0 0 0 0 6333 0 18999 0 196619 0 0 0 JACK CHOROWSKY PRESIDENT 306751 0 0 0 0 0 12165 0 16777 0 335693 0 0 0 DAVID WICK CHIEF EXTERNAL IMPACT OFFICER 234042 0 60000 0 0 0 9747 0 16783 0 320572 0 0 0 JONATHAN COWAN CHIEF RESEARCH,DESIGN & INNOVATION O 223340 0 0 0 0 0 9177 0 16722 0 249239 0 0 0 VALERIE FAILLACE CHIEF STRATEGY OFFICER 202018 0 0 0 0 0 17344 0 6993 0 226355 0 0 0 LISA DAGGS CHIEF NETWORK GROWTH OFFICER 199339 0 0 0 0 0 7989 0 7006 0 214334 0 0 0 WILLIAM HIGHBAUGH GENERAL COUNSEL 194882 0 0 0 3874 0 8015 0 7074 0 213845 0 0 0 PART I, LINE 4A TARUN BHATIA RECEIVED $54,915 AS SEVERANCE PAYMENT IN CALENDAR YEAR 2016. DORIS & DONALD FISHER FUND DORIS FISHER-TRUSTEE AND JOHN FISHER-ADVISOR OF THE FUND. 250548 DORIS FISHER IS A TRUSTEE OF THE DORIS & DONALD FISHER FUND AND JOHN FISHER IS AN ADVISOR OF THE FUND AND THE SON OF DORIS FISHER. BOTH DORIS AND JOHN ARE ON THE BOARD OF DIRECTORS OF THE KIPP FOUNDATION. AN EMPLOYEE OF THE DORIS & DONALD FISHER FUND SERVED AS AN INDEPENDENT CONTRACTOR TO THE KIPP FOUNDATION. 0 X 1 7329879 FAIR MARKET VALUE 0 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS REFLECTS THE NUMBER OF DONORS, NOT THE NUMBER OF ITEMS DONATED. FORM 990, PART VI, SECTION A, LINE 2 DORIS FISHER IS THE MOTHER OF JOHN FISHER. JACK CHOROWSKY IS THE BROTHER-IN-LAW OF DAVE LEVIN. FORM 990, PART VI, SECTION A, LINE 8B THE AUDIT COMMITTEE AND FINANCE COMMITTEE DO NOT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 MEMBERS OF THE FINANCE TEAM PREPARED THE 2015 990 ORGANIZER TABS, WHICH WERE EITHER REVIEWED BY THE CONTROLLER OR GRANTS CONTROLLER. ALL TABS WERE REVIEWED BY LEGAL COUNSEL. THE ORGANIZER WAS FORWARDED TO HOOD AND STRONG, LLP FOR PREPARATION OF THE FORM 990. UPON PREPARATION OF THE 990 DRAFT, THE ACCOUNTING MANAGER, THE CONTROLLER, THE CFO, AND GENERAL COUNSEL REVIEWED THE FIRST DRAFT. THEN, THE CEO AND PRESIDENT REVIEWED THE SECOND DRAFT. THE DRAFT WAS SUBMITTED TO THE AUDIT COMMITTEE MEMBERS. THE AUDIT COMMITTEE MEMBERS ARE ENCOURAGED TO REVIEW THE FORM 990 AND DIRECT THEIR QUESTIONS TO THE CONTROLLER AND/OR GENERAL COUNSEL. UPON SATISFACTION OF ANY QUESTIONS, THE FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS, AS DEFINED IN THE CONFLICT OF INTEREST POLICY. KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST ON AN ONGOING BASIS IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY AND KIPP FOUNDATION CODE OF ETHICS, WHICH REQUIRE DISCLOSURE WHEREVER A POTENTIAL CONFLICT ARISES. IF THE BOARD DETERMINES THERE IS A CONFLICT OF INTEREST, THE CHAIRMAN OF THE BOARD SHALL, IF APPROPRIATE, REQUEST AN INVESTIGATION OF ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. THE BOARD WILL THEN VOTE ON WHETHER OR NOT TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. THE INTERESTED PERSON MAY NOT VOTE ON WHETHER THE TRANSACTION OR ARRANGEMENT IS A CONFLICT OF INTEREST NOR WHETHER IT SHOULD BE ENTERED INTO. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR APPROVAL INVOLVES AN INDEPENDENT THIRD PARTY ORGANIZATION PROVIDING INFORMATION WHICH: * PROVIDES MARKET COMPARABILITY DATA TO ASSIST THE BOARD IN MAKING DECISIONS REGARDING ANY POTENTIAL CHANGES TO THE CURRENT COMPENSATION PROGRAM, * EVALUATES THE COMPETITIVENESS OF THE CURRENT COMPENSATION ARRANGEMENTS AND ADVISE THE BOARD ON THE RANGE OF COMPETITIVE PRACTICES FOR FUNCTIONALLY COMPARABLE POSITIONS AMONG SIMILARLY SITUATED ORGANIZATIONS PROVIDING SIMILAR SERVICES, * PROVIDES OPINION ON THE REASONABLENESS OF THE PROPOSED COMPENSATION ARRANGEMENTS, TAKING ALL RELEVANT FACTORS INTO CONSIDERATION, TO ASSIST THE BOARD WITH ITS GOVERNANCE RESPONSIBILITIES UNDER INTERNAL REVENUE CODE SECTION 4958 AND APPLICABLE REGULATIONS, COMMONLY REFERRED TO AS THE "INTERMEDIATE SANCTIONS" LEGISLATION, AND * FINALLY, SAID COMPENSATION IS APPROVED BY THE KIPP FOUNDATION'S BOARD. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE FOR THE SAME PERIOD OF TIME SET FORTH IN IRC 6104(D). DOCUMENTS MAY BE VIEWED AT WWW.KIPP.ORG AND UPON REQUEST. FORM 990, PART IX, LINE 11G COMPUTER/SOFTWARE CONSULTING: PROGRAM SERVICE EXPENSES 7,696. MANAGEMENT AND GENERAL EXPENSES 1,035. FUNDRAISING EXPENSES 159. TOTAL EXPENSES 8,890. OPERATIONS CONSULTING: PROGRAM SERVICE EXPENSES 4,340,276. MANAGEMENT AND GENERAL EXPENSES 583,497. FUNDRAISING EXPENSES 89,800. TOTAL EXPENSES 5,013,573. CONSULTING TRAVEL EXPENSE: PROGRAM SERVICE EXPENSES 110,209. MANAGEMENT AND GENERAL EXPENSES 14,816. FUNDRAISING EXPENSES 2,280. TOTAL EXPENSES 127,305. TEMPORARY ASSISTANCE: PROGRAM SERVICE EXPENSES 324,043. MANAGEMENT AND GENERAL EXPENSES 43,564. FUNDRAISING EXPENSES 6,704. TOTAL EXPENSES 374,311. INSTRUCTIONAL CONSULTING: PROGRAM SERVICE EXPENSES 1,092,974. MANAGEMENT AND GENERAL EXPENSES 146,937. FUNDRAISING EXPENSES 22,613. TOTAL EXPENSES 1,262,524. INSTRUCTIONAL CONSULTING TRAVEL EXPENSES: PROGRAM SERVICE EXPENSES 226,568. MANAGEMENT AND GENERAL EXPENSES 30,458. FUNDRAISING EXPENSES 4,688. TOTAL EXPENSES 261,714. WEB DESIGN: PROGRAM SERVICE EXPENSES 736. MANAGEMENT AND GENERAL EXPENSES 99. FUNDRAISING EXPENSES 15. TOTAL EXPENSES 850.