2025-12-18T15:13:38-06:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 901 VIA PIEMONTE SUITE 300 ONTARIO CA 91764 990 2024-07-01 680502820 KIPP MEMPHIS KIPP 9014522682 2110 HOWELL AVENUE MEMPHIS TN 381082268 ANTONIO BURT CHIEF EXECUTIVE OFFICER 9014522682 2025-12-18 1 1 WADE MCMULLEN CPA P00541671 9099857286 2025-12-18 2024 2025-03-06 01:10:19Z X ANTONIO BURT 2110 HOWELL AVENUE MEMPHIS TN 381082268 22025102 0 X WWW.KIPPMEMPHIS.ORG X 2002 TN OVERSEES THE QUALITY, SUSTAINABILITY, AND GROWTH OF KIPP SCHOOLS IN MEMPHIS. 10 10 198 35 0 0 24789578 21409168 0 0 139770 244754 318412 371180 25247760 22025102 0 0 0 0 12887711 11284240 0 0 0 7431653 5818053 20319364 17102293 4928396 4922809 26722929 31369895 4186825 3729877 22536104 27640018 X KIPP MEMPHIS PUBLIC SCHOOLS (KMPS) IS PART OF THE NON-PROFIT KIPP PUBLIC SCHOOLS NETWORK. TOGETHER WITH FAMILIES AND COMMUNITIES, KMPS CREATE JOYFUL, ACADEMICALLY EXCELLENT SCHOOLS THAT PREPARE STUDENTS WITH THE SKILLS AND CONFIDENCE TO PURSUE THE PATHS THEY CHOOSE-COLLEGE, CAREER, AND BEYOND- SO THEY CAN LEAD FULFILLING LIVES AND BUILD A MORE JUST WORLD. 0 0 12931948 371180 CHARTER SCHOOL OPERATION: TO PROVIDE INNER-CITY YOUTH COLLEGE-PREPARATORY PUBLIC EDUCATION WITH EMPHASIS ON STRONG ACADEMICS, CHARACTER DEVELOPMENT, AND SUPPORT WITH THE COLLEGE ADMISSIONS PROCESS. CURRENTLY OPERATING THREE SCHOOLS AND EDUCATING NEARLY 1,000 STUDENTS IN MEMPHIS. 12931948 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 79 0 1 198 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X ANGELA CARR 9014522682 2110 HOWELL AVENUE MEMPHIS TN 38108 ANTONIO BURT CHIEF EXECUTIVE OFFICER 50.00 X 240669 0 15851 ANGELA CARR CHIEF FINANCIAL OFFICER 50.00 X 140514 0 12940 GENARD PHILLIPS CHIEF OPERATIONS OFFICER 50.00 X 138429 0 15658 TRACY BRITTMON CHIEF HUMAN RESOURCES OFFI 50.00 X 127560 0 12184 LISCHA BROOKS CHIEF OF SCHOOLS 50.00 X 121878 0 20944 LAQUITA TATE CHIEF OF ACADEMICS 50.00 X 133180 0 17504 TONYE MCBRIDE PRINCIPAL HIGH SCHOOL 50.00 X 131289 0 9725 LIN JOHNSON BOARD CHAIR 4.00 X X 0 0 0 ROQUEL CRUTCHER VICE CHAIR/GOVERN CHAIR 2.00 X X 0 0 0 JANE NEAL SECRETARY 2.00 X X 0 0 0 MIKARA DAVIS FINANCE CHAIR 2.00 X 0 0 0 DESIREE LYLES-WALLACE ACADEMIC EXCELLENCE CHAIR 2.00 X 0 0 0 ALFRED ANDERSON OPERATIONS & FACILITIES CH 2.00 X 0 0 0 DR LARITHA SWEET BOARD MEMBER 2.00 X 0 0 0 DORSEY HOPSON BOARD MEMBER 2.00 X 0 0 0 NATASHA GATSON BOARD MEMBER 2.00 X 0 0 0 DETARIO YANCEY BOARD MEMBER 2.00 X 0 0 0 1033519 0 104806 9 0 1 0 0 412046 20046288 950834 21409168 244754 244754 CLASS FUNDS 900099 137609 137609 ERATE 900099 128591 128591 OTHER REVENUE 900099 104980 104980 371180 22025102 371180 0 244754 X 418960 356116 62844 8381200 5839868 2541332 1332882 1183264 149618 551720 420868 130852 599478 414584 184894 15281 15281 1717236 1421980 295256 78496 3965 74531 626692 296554 330138 1169371 1169371 2018 951 1067 19949 19949 391389 391389 197405 197405 FOOD SERVICES 689850 689850 INSTRUCTIONAL MATERIALS 510841 378423 132418 OTHER EXPENSES 219867 185107 34760 DUES AND MEMBERSHIPS 179658 179658 17102293 12931948 4170345 0 6239821 13500876 3214013 525928 3988 9743816 1686065 7681875 8057751 4149148 4431456 5438072 4849896 26722929 31369895 1721476 1751709 616304 210381 1849045 1767787 4186825 3729877 X 22536104 27640018 0 0 0 0 22536104 27640018 26722929 31369895 4922809 181105 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7962687 363064 7599623 279152 253444 25708 972801 926898 45903 529176 142659 386517 8057751 DEFERRED OUTFLOWS PENSION 2007080 PENSION ASSET 2842816 4849896 LEASE LIABILITY 181831 DEFERRED INFLOWS PENSION 835956 LOAN PAYABLE - FOUNDATION - RELATED PARTY 750000 1767787 X 22206207 181105 181105 22025102 0 22025102 17102293 0 17102293 0 17102293 PART X, LINE 2: THE SCHOOL HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). AS AN EXEMPT CORPORATION, THE SCHOOL MUST OPERATE IN CONFORMITY WITH THE IRC IN ORDER TO MAINTAIN ITS TAX-EXEMPT STATUS. THE SCHOOL IS ALSO EXEMPT FROM STATE INCOME TAX. THE SCHOOL EVALUATES THE INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN TO DETERMINE WHETHER THE POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE SCHOOL HAS DETERMINED THAT THE APPLICATION OF THE INCOME TAX STANDARD DOES NOT IMPACT THE OPERATIONS OF THE SCHOOL AND THAT NO PROVISION FOR INCOME TAX IS REQUIRED IN THE SCHOOL'S FINANCIAL STATEMENTS. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE CHARTER MAKES ITS NONDISCRIMINATORY POLICY KNOWN THROUGH ITS WEBSITE AND ON THE STUDENTS' APPLICATIONS. THE CHARTER DRAWS ITS STUDENTS FROM THE LOCAL COMMUNITY, AND CURRENTLY ENROLLS STUDENTS FROM VARIOUS RACIAL MINORITY GROUPS. SCHEDULE E, PART I, LINE 4 SCHOLARSHIPS AND FINANCIAL ASSISTANCE AWARDS INFORMATION IS NOT APPLICABLE BECAUSE THERE IS NO COST TO STUDENTS. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES GRANTS FROM THE US DEPARTMENT OF EDUCATION, TENNESSEE DEPARTMENT OF EDUCATION, AND MEMPHIS-SHELBY COUNTY SCHOOLS. ADDITIONALLY, CHARTER IS ELIGIBLE FOR LOCAL, STATE, AND FEDERAL PROGRAMS. X X X 0 0 0 0 0 0 0 0 0 ANTONIO BURT CHIEF EXECUTIVE OFFICER 240669 0 0 0 0 0 15851 0 0 0 256520 0 0 0 ANGELA CARR CHIEF FINANCIAL OFFICER 140514 0 0 0 0 0 8568 0 4372 0 153454 0 0 0 GENARD PHILLIPS CHIEF OPERATIONS OFFICER 138429 0 0 0 0 0 8568 0 7090 0 154087 0 0 0 LAQUITA TATE CHIEF OF ACADEMICS 133180 0 0 0 0 0 9113 0 8391 0 150684 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE CORPORATION SHALL BE KIPP FOUNDATION, A CALIFORNIA CORPORATION. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE CORPORATION SHALL BE KIPP FOUNDATION, A CALIFORNIA CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B THE CHARTER AND BYLAWS MAY BE AMENDED ONLY BY APPROVAL OF BOTH THE SOLE MEMBER AND THE BOARD OF DIRECTORS OF THE CORPORATION. THE SOLE MEMBER SHALL HAVE THE ONLY VOTE AT ANY MEETING OF THE SOLE MEMBER. ANY ACTION WHICH MAY BE AUTHORIZED OR TAKEN AT A MEETING OF THE SOLE MEMBER MAY BE AUTHORIZED OR TAKEN WITHOUT A MEETING, WITHOUT PRIOR NOTICE AND WITHOUT A VOTE IF A CONSENT IN WRITING, SETTING FORTH THE ACTION SO TAKEN, IS SIGNED BY THE SOLE MEMBER. ANY SUCH WRITTEN CONSENT SHALL BE FILED WITH OR ENTERED UPON THE RECORDS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM PREPARES FORM 990 USING INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT RETURN IS COMPLETED, MANAGEMENT REVIEWS IT AND ANY NECESSARY CHANGES OR REVISIONS ARE INCORPORATED. THE REVISED RETURN IS THEN PROVIDED TO THE FINANCE CHAIR AND/OR BOARD CHAIR FOR THEIR REVIEW. AFTER RECEIVING THE REQUIRED REVIEW AND APPROVAL, THE FINAL FORM 990 IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST MAY EXIST WHEN THE INTERESTS OR ACTIVITIES OF ANY DIRECTOR, OFFICER OR STAFF MEMBER MAY BE SEEN AS COMPETING WITH THE INTEREST OR ACTIVITIES OF THIS CORPORATION, OR THE DIRECTOR, OFFICER OR STAFF MEMBER DERIVES A FINANCIAL OR OTHER MATERIAL GAIN AS A RESULT OF A DIRECT OR INDIRECT RELATIONSHIP. MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S PAY IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE EXECUTIVE DIRECTOR'S COMPENSATION AS A DIRECT ACTION. DOCUMENTATION IS TAKEN DURING THE BOARD MEETINGS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 1,421,980. MANAGEMENT AND GENERAL EXPENSES 295,256. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,717,236. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. KIPP FOUNDATION 135 MAIN STREET SUITE 1875 SAN FRANSISCO CA 94105 943362724 EDUCATIONAL MANAGEMENT & SERVICES CA 501(C)3 LINE 7 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 KIPP FOUNDATION C 412046 KIPP FOUNDATION E 750000