KIPP CHARLOTTE INC

EIN: 205664061 501(c)(3) Education

CHARLOTTE, NC

Total Revenue
$13,841,843
Total Expenses
$13,008,030
Total Assets
$19,405,457
Net Assets
$5,829,625
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NC
Principal Officer
ANTHONY BURRELL
Phone
7045372044
Tax Period
2023-07-01 to 2024-06-30

KIPP CHARLOTTE INC, founded in 2007, is a mid-sized nonprofit in the Education sector that reported $13.8M in total revenue in fiscal year 2023. Expenses of $13.0M left a modest 6% surplus.

Mission

OPERATION OF A NORTH CAROLINA PUBLIC CHARTER SCHOOL

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Trantor Score

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 (2023)

Revenue Breakdown

Contributions & Grants $13,679,129
Program Service Revenue $17,190
Investment Income $87,753
Other Revenue $57,771
TOTAL REVENUE $13,841,843

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,808,490
Fundraising Expenses $0
Program Expenses $8,584,609
Other Expenses $6,199,540
TOTAL EXPENSES $13,008,030

Year-over-Year Comparison

2023 2022 Change
Revenue $13,841,843 $13,101,242 +0.1%
Expenses $13,008,030 $12,278,405 +0.1%
Net Income $833,813 $822,837 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
172
Volunteers
8

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
$1,014,991
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUGLAS KAHN BOARD CHAIR 5.00
Director
$0 $0 $0
RUSS ALTENBURG BOARD MEMBER 2.00
Director
$0 $0 $0
KIMBERLY GREEN BOARD MEMBER 2.00
Director
$0 $0 $0
KELBY HICKS BOARD MEMBER 2.00
Director
$0 $0 $0
JON MORRIS BOARD MEMBER 2.00
Director
$0 $0 $0
REID PHILLIPS BOARD MEMBER 2.00
Director
$0 $0 $0
JULIUS TILLERY BOARD MEMBER 2.00
Director
$0 $0 $0
RICH RICHARDS BOARD MEMBER 2.00
Director
$0 $0 $0
ARTHUR ROGERS BOARD MEMBER 2.00
Director
$0 $0 $0
MINNIE FORTE-BROWN BOARD MEMBER 2.00
Director
$0 $0 $0
TIM SAINTSING CEO 15.00
Officer
$0 $0 $219,457
ANOKHI SARAIYA CHIEF ACADEMIC OFFICER 15.00
Officer
$0 $0 $180,798
MICHAEL STIMPFEL CHIEF FINANCIAL OFFICER 15.00
Officer
$0 $0 $167,832
LIZZETTE CINTRON CHIEF TALENT OFFICER 15.00
Officer
$0 $0 $145,276
CHRISTIAN DRAKE COO 15.00
Officer
$0 $0 $150,308
MAI LI MUNOZ CHIEF OF EXTERNAL AFFAIRS 15.00
Officer
$0 $0 $151,320
MALCOLM BROOKS SCHOOL ADMINISTRATOR 40.00
Highest
$118,097 $0 $118,097
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
2025 No data No data No data No data
2024 $13,841,843 $13,008,030 $19,405,457 $833,813
2023 $13,101,242 $12,278,405 $18,917,961 $822,837
2022 $12,861,729 $11,629,476 $18,623,018 $1,232,253
2021 $20,360,204 $10,209,584 $16,558,259 $10,150,620
2020 $9,262,664 $10,008,289 $8,748,510 $-745,625
2019 $8,428,762 $8,879,084 $8,280,369 $-450,322
2018 $7,854,799 $8,179,500 $5,944,760 $-324,701
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