Kipp Texas INC EIN 01-0639602 Form 990 (PDF) Claim this org

Kipp Texas INC

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Operates a network of free, open-enrollment public charter schools in Texas, providing college and career preparation alongside ongoing support for alumni. For fiscal year 2024 it reported $479.4M in revenue, $480.6M in expenses, and $175.1M in net assets.Pt I

Founded
2003
Type
Public charity (501(c)(3)) · Education
Location
Houston, TX
Website
www.kipptexas.org
Filings
5 on file (2020–2024)
Revenue
$479.4MFY2024
Expenses
$480.6M
Net assets
$175.1M
People
35
Filings
5
Updates
0
More identity details & actions ⌄
EIN  01-0639602 Public charity (501(c)(3)) Houston, TX Founded 2003
Form 990 (PDF)
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Figures match the IRS filing checked 7/4/26 · see original: IRS
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Size
$100M+
What they do
Operates a network of free, open-enrollment public charter schools in Texas, providing college and career preparation alongside ongoing support for alumni.
Leadership
Sehba Z Ali · Chief Executive Officer · $536K
Money in and out
$479.4M revenue, $480.6M expenses
Bottom line
92% program efficiency
Where the money goes · FY2024
Total revenue
$479.4M
Pt VIII · Ln 12
Total expenses
$480.6M
Pt IX · Ln 25
Net assets
$175.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.2M
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.07 Fundraising $0.01
Program efficiency
92%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
3.7mo
months of highly liquid reserves at operating expense rate▲ +6% vs prior filing year
Surplus margin
-0.2%
revenue over expenses, this year▼ -113% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$479.4M
FY2024▼ -0.6%
Expenses
$480.6M
FY2024▲ +2%
Total assets
$868.1M
FY2024▼ -1%
Total liabilities
$693.0M
FY2024▼ -1%
Total revenue
$479.4M
Pt VIII · Ln 12
Total expenses
$480.6M
Pt IX · Ln 25
Net assets
$175.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1.2M
Total assetsPt X · Ln 16$868.1M
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

2 program services account for $441.5M of program spending, described in the organization's own filed words · FY2024.
01

See Schedule O KIPP Texas is committed to excellence in education with an instructional program in which students are given the opportunity to master the fundamental skills of mathematics, science, social studies, fine arts, sports, additional languages, and more as well as the confidence necessary to succeed in college, career, and…

$438.8Mprogram expense
02

See Schedule OKIPP Forward is a program designed to help our KIPPsters go to and through college and lead a choice-filled life. KIPP Texas counselors work with students starting in middle school to select the right classes, fill out the FAFSA and other college scholarship forms, prepare to take the ACT, and support them as they prepare…

$2.7Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKipp Texas INC
EINHdr · item D01-0639602
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jwww.kipptexas.org
Year of formationHdr · item L2003
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B24)
Ruling yearIRS BMFFeb 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer
$535,752Pt VII · Sec A
Chief Administration Officer
$506,353Pt VII · Sec A
Chief Advancement Officer
$372,697Pt VII · Sec A
Chief Financial Officer
$347,747Pt VII · Sec A
Chief Schools Officer
$311,642Pt VII · Sec A
Chief Operating Officer
$293,830Pt VII · Sec A
Chief Academic Officer
$289,338Pt VII · Sec A
Regional Superintendent
$274,268Pt VII · Sec A

Sehba Z Ali’s $536K as Chief Executive Officer is at the 43rd percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Sehba Z Ali$535,752$500,406$463,103$452,810$448,856
Larry J Guillory$506,353$364,451$350,221
Sehba Ali$400,575
Jobina a Scott$372,697$326,762$327,337
Son Nam Han$347,747$328,206$295,412
Vanessa Barry$339,295$313,377
Jaideep Hebbar Thru 1221$332,951
Daphane Carter$330,215$303,075$251,713

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$470.9M · 98%
Investment income$6.0M · 1%
Contributions & grants98%$470.9M
Investment income1%$6.0M
Program service revenue$2.4M
Other revenue$78K
— government grantsLn 1e$456.3M
Total revenueLn 12$479.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.07 Fundraising $0.01
Program services92%$441.5M
Management & general7%$33.4M
Fundraising1%$5.7M
Total functional expensesLn 25$480.6M

Balance Sheet

Part X · end of year
CashLn 1$147.0M
Total assetsLn 16$868.1M
Total liabilitiesLn 26$693.0M
Total net assetsLn 32$175.1M
Months of cash on handcomputed3.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $149.2M · Operating expenses (Pt IX) $480.6M · Less non-cash grants $55K · Cash operating expenses/yr $480.5M
3.7 months
Where the money goes
Program services
Program services $441.5M · Total expenses $480.6M
92%
Management & General
Management & general $33.4M · Total expenses $480.6M
7%
Fundraising
Fundraising $5.7M · Total expenses $480.6M
1%
Cost to raise $1
Fundraising expense (3-yr avg) $4.7M · Solicited contributions (3-yr avg) $14.6M
$0.32 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $470.9M · Total revenue $479.4M
98%
Government reliance
Government grants $456.3M · Total revenue $479.4M
95%
Earned-income share
Program service revenue $2.4M · Total revenue $479.4M
0.5%
Investment reliance
Investment income $6.0M · Total revenue $479.4M
+1%
Program self-sufficiency
Program service revenue $2.4M · Total expenses $480.6M
0.5%
Growth & trend
Revenue growth (YoY)
This year $479.4M · Prior year $482.4M
-0.6%
Revenue CAGR
FY2019 $346.3M · FY2024 $479.4M
+7%
Net-asset trend (YoY)
End of year $175.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $479.4M · Expenses $480.6M
-0.2%
Liabilities-to-Assets
Total liabilities — · Total assets $868.1M
Net-asset ratio
Net assets $175.1M · Total assets $868.1M
20%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $868.1M
0.3%
People & payroll
Highest Reported Total Compensation
Individual Sehba Z Ali · Reported title Chief Executive Officer · Highest reported compensation $536K · Total expenses $480.6M
0.1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $303.2M · Total expenses $480.6M
63%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 7%
Fundraising cost ratio 1%
Revenue growth -0.6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$125K
Grants paid · 8 grants · $1.4M · 2019–2024
Unitemized GrantFY2024$150,981
Unitemized GrantFY2023$47,074
Unitemized GrantFY2022$121,474
Unitemized GrantFY2021$105,636
Unitemized GrantFY2020$234,014
Unitemized GrantFY2020$200,187
Unitemized GrantFY2019$328,190
Unitemized GrantFY2019$205,178

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$482.4M revenue · ⤓ 990 PDF
FY2023$484.5M revenue · ⤓ 990 PDF
FY2022$457.8M revenue · ⤓ 990 PDF
FY2021$396.0M revenue · ⤓ 990 PDF
FY2020$346.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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