KIPP Inc dba Knowledge is Power Program Inc

EIN: 133875888 501(c)(3)

Houston, TX

Total Revenue
$168,397,731
Total Expenses
$166,883,105
Total Assets
N/A
Net Assets
N/A
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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
DE
Principal Officer
Sehba Ali
Phone
8323281051
Tax Period
2017-07-01 to 2018-06-30

KIPP Inc dba Knowledge is Power Program Inc, founded in 1994, is a major nonprofit that reported $168.4M in total revenue in fiscal year 2017. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

KIPP, the Knowledge Is Power Program, is committed to developing in underserved students the academic skills, intellectual habits, and qualities of character necessary to succeed at all levels of pre-kindergarten through 12th grade, college, and the competitive world beyond.

Program Service Accomplishments

Program 1
Expenses: $145,410,897 Revenue: $7,289,730

KIPP Houston's mission: To build a better tomorrow, we educate our students with the academic and character skills necessary to thrive in college and lead choice-filled lives. KIPP began in 1994 with...

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KIPP Houston's mission: To build a better tomorrow, we educate our students with the academic and character skills necessary to thrive in college and lead choice-filled lives. KIPP began in 1994 with a powerful idea: to create a classroom that helped children develop the knowledge, skills, character, and habits necessary to succeed in college and build a better tomorrow for their communities. Founders Mike Feinberg and Dave Levin began by redefining what was possible for a classroom of public school students in Houston. Essential to creating a great system of schools is having our eyes on the same goal: college graduation. At KIPP Houston, teachers, leaders, students, and parents are all united around this goal. By providing outstanding educators, more time in school learning, and a strong culture of achievement, KIPP Houston is helping students build the skills needed to make it not only to, but through, college. During the 2017-18 school year, approximately 13,600 students were enrolled in grades pre-kindergarten through 12th grade. KIPP Houston operated 10 primary schools, 12 middle schools and 4 high schools. The students that KIPP Houston serves are predominantly minorities with 62% identified as Hispanic, 33% as African-American, 1% as Caucasian, 1% as American Indian or Alaskan Native, and 3% as Asian. The school day begins at 7:25 a.m. and ends at 4:15. On Fridays, the school day begins at 7:25 a.m. and ends at 3:00. All KIPP students, parents, and teachers sign a Commitment to Excellence pledge in which they commit to do whatever it takes for themselves and their teammates to learn and prepare for college. From day one in our schools, college is the focus; college banners line the school hallways and classes are identified by the year those KIPP students are projected to go to college. KIPP Houston's ultimate goal is to raise the college graduation rate for KIPPsters to 82%. We are committed to doing whatever it takes to address the achievement gap between our nation's low and high income students. Although 91% of KIPPsters come from economically disadvantaged families, 96% of KIPP Houston students graduate from high school; and 85% have matriculated to a higher education institution. Tracking from the eighth grade, nearly 50% of alumni have graduated from college and another 10% are still persisting. This college graduation rate is more than five times the graduation rate of comparable low-income students across the United States.

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Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $160,964,165
Program Service Revenue $7,289,730
Investment Income $58,060
Other Revenue $85,776
TOTAL REVENUE $168,397,731

Expense Breakdown

Grants Paid $4,038,783
Salaries & Benefits $95,548,671
Fundraising Expenses $2,206,020
Program Expenses $145,410,897
Other Expenses $67,220,651
TOTAL EXPENSES $166,883,105

Year-over-Year Comparison

2017 2016 Change
Revenue $168,397,731 $149,081,841 +0.1%
Expenses $166,883,105 $149,196,602 +0.1%
Net Income $1,514,626 $-114,761 -14.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
2286
Volunteers
5000

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$817,975
Total Directors
15
$266,280
Key Employees
4
$753,340
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bill Boyar Chairman 4.00
Officer Director
$0 $0 $0
Mike Feinberg Vc Chr 2/22/18 50.00
Officer Director
$266,280 $0 $266,280
Ethan Phillips Secretary 2.00
Officer Director
$0 $0 $0
Ernie D Cockrell Director 2.00
Director
$0 $0 $0
Jayshree Desai Director 2.00
Director
$0 $0 $0
Mark Desjardins Director 2.00
Director
$0 $0 $0
Doug Foshee Director 2.00
Director
$0 $0 $0
Duncan Klussmann Director 2.00
Director
$0 $0 $0
Brian McCabe Director 2.00
Director
$0 $0 $0
Rocio Mendoza Director 2.00
Director
$0 $0 $0
Karol Musher Director 2.00
Director
$0 $0 $0
Shawn Raymond Director 2.00
Director
$0 $0 $0
Heidi M Smith Director 2.00
Director
$0 $0 $0
Allison Thacker Director 2.00
Director
$0 $0 $0
Kent Wallace Director 2.00
Director
$0 $0 $0
Sehba Ali Super/CEO 50.00
Officer
$274,845 $7,120 $281,965
Eric Kot COO 50.00
Officer
$192,342 $7,120 $199,462
Jaideep Hebbar CFO August 2017 50.00
Officer
$68,428 $1,840 $70,268
Laurie A Bieber Head of School 50.00
Key Emp
$202,083 $6,620 $208,703
Daphane Carter Chief Academic Officer 50.00
Key Emp
$195,617 $7,120 $202,737
Daniel Caesar Superintendent 50.00
Key Emp
$172,440 $7,120 $179,560
Charles W Fimble Jr Chief Talent Officer 50.00
Key Emp
$155,595 $6,745 $162,340
Kenneth Goeddeke Head of School 50.00
Highest
$155,307 $6,120 $161,427
Eric Coleman Head of School 50.00
Highest
$145,303 $1,600 $146,903
Deedrah Harp Chief Innovat Ofcr 50.00
Highest
$143,536 $7,120 $150,656
Sharon M Foley Dir of Academics 50.00
Highest
$134,727 $5,520 $140,247
Francis Cush Jr Head of School 50.00
Highest
$131,350 $7,120 $138,470
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $168,397,731 $166,883,105 No data $1,514,626
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