2016-05-16T18:18:41-05:00 2015-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2014-07-01 462792701 KIPP NEW JERSEY A NJ NONPROFIT CORPORATION KIPP 9736220905 60 PARK PLACE SUITE 802 NEWARK NJ 07102 STEVE SMALL CFO 9736220905 2016-05-16 1 THOMAS WASHBURN CPA P00537319 5083669100 2016-05-16 2014 2016-08-17 19:52:53Z STEVE SMALL 60 PARK PLACE SUITE 802 NEWARK NJ 07102 14481728 0 X WWW.KIPPNJ.ORG X 2013 NJ TO PROVIDE SUPPORTIVE SERVICES TO KIPP SCHOOLS IN THE STATE OF NEW JERSEY. 10 10 77 10 0 0 972768 1696972 0 12618925 0 0 0 49633 972768 14365530 0 1192960 0 0 0 9130928 0 0 713874 538360 3343181 538360 13667069 434408 698461 972768 8312280 799414 7440465 173354 871815 X KIPP NEW JERSEY A NJ NONPROFIT CORPORATION WAS ORGANIZED TO PROVIDE SUPPORTIVE SERVICES TO KIPP SCHOOLS IN THE STATE OF NEW JERSEY. THESE SERVICES INCLUDE SUPPORTING THE CHARTER APPLICATION AND RENEWAL PROCESS, STAFFING AND HUMAN RESOURCES, FUNDRAISING, FINANCIAL AND BUSINESS MANAGEMENT, INFORMATION AND INSTRUCTIONAL TECHNOLOGY MANAGEMENT, GRANT MANAGEMENT AND COMPLIANCE OVERSIGHT AND OTHER SERVICES. 0 0 11108493 1192960 12625256 THE GENERAL PURPOSE OF KIPP NEW JERSEY A NJ NONPROFIT CORPORATION IS TO PROVIDE SUPPORTIVE SERVICES TO KIPP SCHOOLS IN THE STATE OF NEW JERSEY, WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO THE FOLLOWING: I. CREATION OF CENTRALIZED SCHOOL SUPPORT SERVICES, SUCH AS STUDENT DATA ANALYSIS, TEACHER RECRUITING AND PROFESSIONAL DEVELOPMENT PROGRAMMING, THAT COULD BE ESTABLISHED AND IMPLEMENTED MORE EFFECTIVELY ON A REGIONAL BASIS THAN AT INDIVIDUAL SCHOOLS;II. CONSOLIDATION OF FUNDRAISING ACTIVITIES FOR MULTIPLE KIPP SCHOOLS IN NEW JERSEY;III. COORDINATION OF AND OVERSIGHT OVER THE GROWTH AND EXPANSION OF KIPP SCHOOLS IN NEW JERSEY; IV. DEVELOPMENT OF STRATEGIES TO MAXIMIZE THE POSITIVE IMPACT OF KIPP SCHOOLS ON PUBLIC EDUCATION REFORM EFFORTS IN NEW JERSEY; ANDV. STRATEGIC LEADERSHIP AND FINANCIAL GUIDANCE FOR KIPP SCHOOLS AND RELATED ENTITIES IN THE NEW JERSEY KIPP NETWORK. 11108493 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 61 0 1 77 0 0 0 0 0 0 0 0 0 X 10 10 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 1 1 1 0 NJ X STEVEN SMALL 9736220905 60 PARK PLACE SUITE 802 NEWARK NJ 07102 JOHN COZZI CHAIR/PRESIDENT 2.00 X X 0 0 0 ALAN FOURNIER SECRETARY 2.00 X X 0 0 0 TOM DUNN TRUSTEE 2.00 X 0 0 0 JOHN REID-DODICK TRUSTEE 2.00 X 0 0 0 BRENDAN MAHER TRUSTEE 2.00 X 0 0 0 DANE HOLMES TRUSTEE 2.00 X 0 0 0 AMY ROSEN TRUSTEE 2.00 X 0 0 0 TIM CARDEN TRUSTEE 2.00 X 0 0 0 CHRISTINE CHOI TRUSTEE 2.00 X 0 0 0 RAHUL GOYAL TRUSTEE 2.00 X 0 0 0 RYAN E HILL CEO 50.00 X 89025 0 5375 STEVEN SMALL CFO 50.00 X 88675 0 11995 GABRIELLA DIFILIPPO COO 50.00 X 79200 0 10344 256900 0 27714 0 0 0 0 0 452777 1244195 1696972 MANAGEMENT FEES 611430 12371786 12371786 INTEREST INCOME ON NOTES RECEIVAB 900099 135660 135660 SERVICE FEES AND REIMBURSEMENTS 900099 111479 111479 12618925 159500 452777 116198 43302 43302 MISCELLANEOUS 900099 6331 6331 6331 14365530 12625256 0 43302 1192960 1192960 641802 641802 6426811 5488257 448229 490325 1313876 1160497 65120 88259 748439 680271 28942 39226 44066 44066 35015 35015 740868 644804 96064 534758 308491 226267 361019 361019 304218 304218 429243 286066 143177 107042 10 107032 7454 7454 81617 81617 STIPENDS AND SCHOLARSHI 199650 199650 MISCELLANEOUS 189648 189648 STAFF DEVELOPMENT 117308 117308 STAFF EVENTS 101269 101269 90006 90006 13667069 11108493 1844702 713874 972768 3086983 100000 77681 106516 7454 0 99062 3750000 0 1198554 972768 8312280 15181 444934 892960 4050000 784233 2052571 799414 7440465 X 173354 560648 311167 173354 871815 972768 8312280 698461 0 X X 0 1 X 1 0 X 972768 1856472 2829240 972768 1856472 2829240 2829240 6331 6331 2835571 12618925 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 106516 7454 99062 99062 NOTES RECEIVABLE 3750000 C 3750000 INTEREST RECEIVABLE 135660 DUE FROM RELATED PARTIES 1062894 1198554 DUE TO TEAM ACADEMY CHARTER SCHOOL, INC. 1766229 DUE TO THE FRIENDS OF TEAM ACADEMY, INC. 175414 DUE TO KIPP COOPER NORCROSS ACADEMY 15662 ACCRUED INTEREST 95266 2052571 X 15981728 1500000 1500000 14481728 -116198 -116198 14365530 15283267 1500000 116198 1616198 13667069 0 13667069 PART X, LINE 2: KIPP NJ ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. KIPP NJ HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2015. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES BE THE CHANGE 612277 452777 159500 67825 48373 612277 452777 159500 67825 48373 116198 43302 1 KIPP COOPER NORCROSS ACADEMY 525 CLINTON STREET CAMDEN NJ 08103 455040456 501C3 1029258 SUPPORTING SERVICES FOR CHARTER SCHOOLS. TEAM ACADEMY 85 CUSTER AVENUE NEWARK NJ 07112 010660264 501C3 163702 SUPPORTING SERVICES FOR TEAM ACADEMY. 2 PART I, LINE 2: KNJ DEVELOPMENT AND FINANCE DEPARTMENTS WORK CLOSELY TO ASSESS AND MEET FUNDRAISING NEEDS FOR TEAM AND KCNA FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS TIM CARDEN AND AMY ROSEN ARE MARRIED FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS MADE AVAILABLE TO ALL OF THE BOARD OF TRUSTEES FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15 CEO AND OFFICER COMPENSATION AND PERSON IS REVIEWED BY THE KNJ BOARD ANNUALLY FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST. PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.