KIPP FOUNDATION

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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

2000

Legal Domicile

Principal Officer

SHAVAR JEFFRIES

Phone

4153991556

Tax Period

2023-07-01 to 2024-06-30

KIPP FOUNDATION, founded in 2000, is a major nonprofit in the Education sector that reported $111.4M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21.6M, a strong 19% operating margin.

Mission

TOGETHER WITH FAMILIES AND COMMUNITIES, WE 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.

Program Service Accomplishments

Program 1

Expenses: $30,796,364 Revenue: $6,059,553

NETWORK GROWTH & SUSTAINABILITY: THE KIPP FOUNDATION BUILDS STRONGER, MORE CAPABLE KIPP SCHOOLS & REGIONS THAT ARE DELIVERING ON ALL ASPECTS OF KIPP'S MISSION. THE KIPP FOUNDATION PARTNERS WITH...

NETWORK GROWTH & SUSTAINABILITY: THE KIPP FOUNDATION BUILDS STRONGER, MORE CAPABLE KIPP SCHOOLS & REGIONS THAT ARE DELIVERING ON ALL ASPECTS OF KIPP'S MISSION. THE KIPP FOUNDATION PARTNERS WITH REGIONAL EXECUTIVE DIRECTORS AND SENIOR LEADERS TO UNDERSTAND THEIR UNIQUE CONTEXT TO SUPPORT THEM ON GROWTH, REGIONAL SCALE, AND PRIORITY PLANNING. THE KIPP FOUNDATION OFFERS KIPP SCHOOLS & REGIONS: - COACHING FOR EXECUTIVE DIRECTORS; - FINANCIAL AND OPERATIONAL SUPPORT; - INTEGRATION AND SCALE SUPPORT; - STRATEGIC LEADERSHIP AROUND NEW SITE DEVELOPMENT; - TECHNOLOGY SUPPORT.

Program 2

Expenses: $23,552,340 Revenue: $0

ACADEMICS & CULTURE: TO ENSURE ALL KIPPSTERS EXPERIENCE A JOYFUL AND ACADEMICALLY EXCELLENT EDUCATION THAT UNLOCKS THEIR FULL POTENTIAL, THE KIPP FOUNDATION PARTNERS WITH KIPP SCHOOLS AND REGIONS TO BUILD SYSTEMS THAT ADVANCE ACADEMIC EXCELLENCE, ESTABLISH A HEALTHY SCHOOL CULTURE, AND ENSURE TEACHERS ARE EFFECTIVELY SUPPORTED IN EXPANDING THEIR CONTENT KNOWLEDGE AND SHARED EXPERIENCES. THE KIPP FOUNDATION ALSO PROVIDES KIPP SCHOOLS AND REGIONS WITH CURRICULUM, ASSESSMENT, AND OTHER INSTRUCTIONAL RESOURCES; AS WELL AS TRAINING AND IMPLEMENTATION SUPPORT TO MAXIMIZE INSTRUCTIONAL EFFECTIVENESS AND STUDENT OUTCOMES.

Program 3

Expenses: $9,153,340 Revenue: $0

RESEARCH, DESIGN & INNOVATION: THE KIPP FOUNDATION SUPPORTS CONTINUOUS LEARNING AND IMPROVEMENT AMONG KIPP SCHOOLS & REGIONS BY:- CREATING ON-GOING VISIBILITY INTO KIPP'S NETWORK-WIDE PERFORMANCE AND GENERATING ACTIONABLE INSIGHTS; - ENSURING HIGH QUALITY DATA AND RESEARCH TO SUPPORT NETWORK LEADERS IN MAKING DATA-DRIVEN DECISIONS; AND - PROMOTING INNOVATION AND FACILITATING THE EXCHANGE OF IDEAS THROUGH NETWORK-WIDE RETREATS AND PROFESSIONAL DEVELOPMENT EVENTS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $101,032,248

Program Service Revenue $7,751,068

Investment Income $2,657,244

Other Revenue $-26,667

TOTAL REVENUE $111,413,893

Expense Breakdown

Grants Paid $36,999,057

Salaries & Benefits $35,184,983

Fundraising Expenses $2,588,816

Program Expenses $78,434,241

Other Expenses $17,646,149

TOTAL EXPENSES $89,830,189

Year-over-Year Comparison

	2023	2022	Change
Revenue	$111,413,893	$78,346,517	+0.4%
Expenses	$89,830,189	$104,630,766	-0.1%
Net Income	$21,583,704	$-26,284,249	-1.8%

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

Governance

Voting Members

Independent Members

Employees

301

Volunteers

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

$1,664,186

Total Directors

$1,074,553

Key Employees

$540,925

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN FISHER	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHERINE BRADLEY	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
REED HASTINGS	BOARD MEMBER	1.00	Director	$0	$0	$0
EMMA BLOOMBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTHA KARSH	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL LOMAX	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK NUNNELLY	BOARD MEMBER	1.00	Director	$0	$0	$0
CARRIE WALTON PENNER	BOARD MEMBER	1.00	Director	$0	$0	$0
ABIGAIL WEXNER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA ANGUIANO	BOARD MEMBER	1.00	Director	$0	$0	$0
A'DORIAN MURRAY-THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARSHA REEVES	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAVAR JEFFRIES	CEO AND BOARD MEMBER	40.00	Officer Director	$709,670	$52,819	$762,489
DAVE LEVIN	STRATEGIC ADVISOR & BOARD MEMBER	40.00	Director	$270,045	$42,019	$312,064
LEANNE HERNANDEZ	CFO (PARTIAL YEAR)	40.00	Officer	$55,391	$4,650	$60,041
CAROLYN HACK	INTERIM CFO (PARTIAL YEAR)	40.00	Officer	$233,317	$40,747	$274,064
NEYHA RAJAN	INTERIM GC/INTERIM SEC(PARTIAL YEAR)	40.00	Officer	$159,215	$2,661	$161,876
PATRICIA COAD	VP DEV/INTERIM SEC (PARTIAL YEAR)	40.00	Officer	$266,309	$24,223	$290,532
AISHA CHRISTIAN	CHIEF LEGAL OFF/SEC (PARTIAL YEAR)	40.00	Officer	$107,495	$7,689	$115,184
KINNARI PATEL-SMYTH	PRESIDENT	40.00	Key Emp	$488,106	$52,819	$540,925
JONATHAN COWAN	CHIEF DATA & TECHNOLOGY OFFICER	40.00	Highest	$300,778	$52,819	$353,597
JOHN ALFORD	CHIEF NETWORK GROWTH OFFICER	40.00	Highest	$284,679	$49,732	$334,411
COURTNEY BELL	CHIEF PEOPLE OFFICER	40.00	Highest	$270,720	$24,806	$295,526
ANNE LATARTE	CHIEF STRATEGY OFFICER	40.00	Highest	$265,412	$9,260	$274,672
BENNY VASQUEZ	CHIEF EQUITY & DIVERSITY OFFICER	40.00	Highest	$255,873	$37,164	$293,037

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	$111,413,893	$89,830,189	$140,977,184	$21,583,704
2023	$78,346,517	$104,630,766	$116,066,149	$-26,284,249
2022	$130,699,963	$95,902,128	$136,274,072	$34,797,835
2021	$88,532,017	$79,544,779	$101,389,797	$8,987,238
2020	$98,671,859	$71,727,584	$92,182,732	$26,944,275
2019	$64,318,019	$66,187,657	$67,290,028	$-1,869,638
2018	$69,907,277	$73,827,353	$70,465,363	$-3,920,076