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. We are building a growing tk-12 network of inclusive, community-focused, college-preparatory Schools that empower students and parents; supporting students through college and to career; and developing highly effective teachers and leaders -- Kipp Bay Area Schools will disrupt racial and socio-economic inequities in educational access and outcomes, and achieve a catalytic impact on the broader public education system.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$1.7M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $10.7M a year · 8% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Plus $66.1M in investments, Pt X · Ln 11–13
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$14.0M
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$112.3M
+12% vs prior year
Spent
$97.4M
To programs
86%
Net assets
$158.5M
By yearFY2020–FY2025
Revenue
$112.3M
FY2021▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$100.5M
FY2021$112.3M
FY2022$135.6M
FY2023$132.1M
FY2024$156.9M
FY2025$168.8M
Expenses
$97.4M
FY2021▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$89.3M
FY2021$97.4M
FY2022$110.6M
FY2023$134.8M
FY2024$148.1M
FY2025$162.0M
Net assets
$158.5M
FY2021▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$143.6M
FY2021$158.5M
FY2022$177.9M
FY2023$175.0M
FY2024$186.5M
FY2025$195.8M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $83.3M Management & general 14% · $13.3M Fundraising 1% · $710K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

27 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$326,088Pt VII · Sec A
Chief External Affairs
$236,343Pt VII · Sec A
Chief of Schools
$215,317Pt VII · Sec A
Chief Growth and Operating
$198,890Pt VII · Sec A
Chief Equity & Inclusion
$187,075Pt VII · Sec A
Chief Financial Officer
$186,760Pt VII · Sec A
Chief People Officer
$185,454Pt VII · Sec A
Chief Operating Officer
$158,737Pt VII · Sec A

Elizabeth Thompson’s $332K as Chief Executive Officer is at the 16th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Elizabeth Thompson$331,929—————
Beth Sutkus-Thompson————$326,088$314,957
Cherese Brauer—$127,785$317,873$251,861$187,075$184,269
Elizabeth Sutkus-Thompson—$180,993—$310,408——
Jenny Tan$247,692$262,939$223,193———
Hilary Harmssen$220,527$251,664————
Cory Vastola$232,608$248,765$244,521$208,355——
David Ling—$245,545$214,264$212,893$185,454$179,141

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Prepares students with skills and confidence for their future success.

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Provided by the organization

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1 program · $83.3M · in their own filed words · FY2020
01

Kipp bay area schools supports the growth, quality, and sustainability of kipp schools in the san francisco bay area. Part of this effort involves fundraising to support the educational activities at each of our schools.

$83.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$2K
Grants paid · 6 grants · $159K · 2019–2024
Unitemized GrantFY2024$12,974
Unitemized GrantFY2023$9,982
Unitemized GrantFY2022$17,233
Unitemized GrantFY2021$16,398
Unitemized GrantFY2020$32,174
Unitemized GrantFY2019$70,276

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$112.3M
Ln 12
Gifts and grantsLn 1h$110.9M
Investment incomeLn 3$1.1M
Other incomeLn 4–11$166K
Money outPt IX
$97.4M
Ln 25
Programscol B$83.3M
Managementcol C$13.3M
Fundraisingcol D$710K
Owns and owesPt X
$158.5M
net assets · Ln 32
Cash and savingsLn 1–2$47.4M
Total assetsLn 16$172.5M
LiabilitiesLn 26$14.0M
PeoplePt VI, VII
27
listed · VII A
PaidVII A8
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$110.9M
Government grantsLn 1e$92.0M
Investment incomeLn 3$1.1M
Other incomeLn 4–11$166K
Gains on assetsLn 7−$50K
Total revenueLn 12$112.3M
Assets in detailPt X, end of year
CashLn 1$373K
SavingsLn 2$47.0M
Cash and savings togetherLn 1–2$47.4M
InvestmentsLn 11–13$66.1M
Land, buildings, equipmentLn 10c$14.5M
Other assetsLn 15$70K
Total assetsLn 16$172.5M
LiabilitiesLn 26$14.0M
Net assetsLn 32$158.5M
OperationsPt I, VI
EmployeesI 51,310
VolunteersI 6121
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$70.3M$47.4M
InvestmentsLn 11–13$42.7M$66.1M
Land, buildings, equipmentLn 10c$14.1M$14.5M
Total assetsLn 16$155.6M$172.5M
LiabilitiesLn 26$12.0M$14.0M
Net assetsLn 32$143.6M$158.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$32K$32K
Pay of current officers, directors and key staffLn 5$789K$681K$102K$7K
Other salaries and wagesLn 7$58.7M$50.8M$7.2M$659K
Pension plan contributionsLn 8$2.5M$2.2M$316K
Other employee benefitsLn 9$6.6M$5.8M$881K
Payroll taxesLn 10$4.6M$4.0M$577K
Management feesLn 11a$855K$855K
Legal feesLn 11b$413K$248K$165K
Accounting feesLn 11c$250K$175K$76K
Other fees for servicesLn 11g$1.6M$680K$898K
Advertising and promotionLn 12$913K$893K$20K
Office expensesLn 13$1.4M$1.3M$103K$4K
Information technologyLn 14$3.0M$2.9M$126K
OccupancyLn 16$7.3M$7.1M$189K
TravelLn 17$47K$44K$3K$176
Conferences, conventions and meetingsLn 19$600K$577K$24K
InterestLn 20$75K$75K
Depreciation, depletion and amortizationLn 22$918K$914K$4K
InsuranceLn 23$368K$311K$17K$39K
Other expenses (24a–d)Ln 24$6.0M$3.5M$2.6M
All other expensesLn 24e$377K$377K
Total functional expensesLn 25$97.4M$83.3M$13.3M$710K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $168.8M$162.0M$6.8M$195.8M 990 PDF
FY2024 $156.9M$148.1M$8.8M$186.5M 990 PDF
FY2023 $132.1M$134.8M−$2.7M$175.0M 990 PDF
FY2022 $135.6M$110.6M$25.0M$177.9M 990 PDF
FY2021 Viewing $112.3M$97.4M$14.9M$158.5M 990 PDF
FY2020 $100.5M$89.3M$11.2M$143.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $112,257,587 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $97,937,342$110,947,093
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,951,056$1,144,764
I-11 Other revenuePrior year $574,576$165,730
I-12 Total revenuePrior year $100,462,974$112,257,587
I-13 Grants and similar amounts paidPrior year $70,276$32,174
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $64,712,475$73,225,122
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $24,467,977$24,108,703
I-18 Total expensesPrior year $89,250,728$97,365,999
I-19 Revenue less expensesPrior year $11,212,246$14,891,588
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $112,257,587 across 7 lines filed
Lines not itemized here account for $10,920 of total revenue; see the IRS return.
VIII-1e Government grants$91,981,086
VIII-1f All other contributions, gifts and grants$18,966,007
VIII-1h Total contributions, gifts and grants$110,947,093
VIII-3 Investment incomeExcluded from tax $1,194,569$1,194,569
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$49,805−$49,805
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $43,198 · Excluded from tax $111,612$154,810
VIII-12 Total revenueRelated to mission $54,118 · Unrelated business $0 · Excluded from tax $1,256,376$112,257,587
Part IX · Statement of functional expenses $97,365,999 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $32,174$32,174
IX-5 Pay of current officers, directors and key staffPrograms $680,648 · Management $101,837 · Fundraising $6,958$789,443
IX-7 Other salaries and wagesPrograms $50,816,067 · Management $7,246,625 · Fundraising $658,933$58,721,625
IX-8 Pension plan contributionsPrograms $2,164,762 · Management $315,875$2,480,637
IX-9 Other employee benefitsPrograms $5,768,496 · Management $880,524$6,649,020
IX-10 Payroll taxesPrograms $4,007,471 · Management $576,926$4,584,397
IX-11a Management feesPrograms $854,734$854,734
IX-11b Legal feesPrograms $247,771 · Management $165,180$412,951
IX-11c Accounting feesPrograms $174,578 · Management $75,511$250,089
IX-11g Other fees for servicesPrograms $679,924 · Management $897,666$1,577,590
IX-12 Advertising and promotionPrograms $893,022 · Management $20,040$913,062
IX-13 Office expensesPrograms $1,309,593 · Management $102,694 · Fundraising $4,284$1,416,571
IX-14 Information technologyPrograms $2,864,745 · Management $125,560$2,990,305
IX-16 OccupancyPrograms $7,078,420 · Management $189,449$7,267,869
IX-17 TravelPrograms $44,453 · Management $2,799 · Fundraising $176$47,428
IX-19 Conferences, conventions and meetingsPrograms $576,591 · Management $23,513$600,104
IX-20 InterestPrograms $74,581$74,581
IX-22 Depreciation, depletion and amortizationPrograms $913,929 · Management $3,959$917,888
IX-23 InsurancePrograms $311,349 · Management $17,275 · Fundraising $39,244$367,868
IX-24 Other expenses (24a–d)Programs $3,469,776 · Management $2,570,510$6,040,286
IX-24e All other expensesPrograms $377,377$377,377
IX-25 Total functional expensesPrograms $83,340,461 · Management $13,315,943 · Fundraising $709,595$97,365,999
Part X · Balance sheet $172,487,625 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $642,000$372,668
X-2 Savings and temporary cash investmentsStart of year $69,699,456$47,036,971
X-3 Pledges and grants receivableStart of year $10,166,403$8,336,391
X-4 Accounts receivableStart of year $16,977,109$35,377,572
X-9 Prepaid expenses and deferred chargesStart of year $1,330,690$750,878
X-10c Land, buildings and equipment, netStart of year $14,094,101$14,471,510
X-11 Publicly traded securitiesStart of year $42,734,739$66,071,768
X-15 Other assetsStart of year $0$69,867
X-16 Total assetsStart of year $155,644,498$172,487,625
X-17 Accounts payable and accrued expensesStart of year $8,116,536$8,737,160
X-19 Deferred revenueStart of year $8,200$1,493,715
X-24 Unsecured notes and loans payableStart of year $3,776,887$3,645,273
X-25 Other liabilitiesStart of year $109,936$153,521
X-26 Total liabilitiesStart of year $12,011,559$14,029,669
X-27 Net assets without donor restrictionsStart of year $133,466,536$150,121,565
X-28 Net assets with donor restrictionsStart of year $10,166,403$8,336,391
X-32 Total net assets or fund balancesStart of year $143,632,939$158,457,956
X-33 Total liabilities and net assetsStart of year $155,644,498$172,487,625
Part XI · Reconciliation of net assets $158,457,956 net assets at year end
XI-1 Total revenue$112,257,587
XI-2 Total expenses$97,365,999
XI-3 Revenue less expenses$14,891,588
XI-4 Net assets at start of year$143,632,939
XI-5 Net unrealized gains (losses) on investments−$66,571
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$158,457,956

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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