Kipp Jacksonville INC

Tax-deductible

Jacksonville, FL501(c)(3)Since 2008EducationEIN 26-4046741Revenue $45.1M in FY2025

On file with the IRSkipp.org1440 McDuff Ave N, 32254-2035 · Jacksonville, FLTax-exempt since May 2009School — 170(b)(1)(A)(ii)

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The corporation is organized for the purpose of operating one or more public charter schools in the state of florida, preparing students with the academic and character skills needed for success in college and in life.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Run by 150 volunteers and 475 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
4 of 6
filings with a surplus
Average surplus $689K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$736K
to officers and key staff · 2% of spending
Top officer’s pay lower than 55% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $2.2M
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$13.4M
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$45.1M
+4% vs prior year
Spent
$47.0M
To programs
66%
Net assets
$7.9M
By yearFY2020–FY2025
Revenue
$45.1M
FY2025▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$16.1M
FY2021$19.5M
FY2022$29.1M
FY2023$33.8M
FY2024$43.5M
FY2025$45.1M
Expenses
$47.0M
FY2025▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$16.0M
FY2021$18.3M
FY2022$27.2M
FY2023$34.7M
FY2024$39.9M
FY2025$47.0M
Net assets
$7.9M
FY2025▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.8M
FY2021$5.1M
FY2022$7.0M
FY2023$6.2M
FY2024$9.8M
FY2025$7.9M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2009.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $30.9M Management & general 34% · $16.0M

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

13 people listed on the 990; $736K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$224,038Pt VII · Sec A
Chief Operat
$173,077Pt VII · Sec A
Chief School
$173,077Pt VII · Sec A
Chief Financ
$165,344Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Dr Melissa Fullmore’s $224K as Executive Di is at the 45th percentile of top reported officer pay among 3683 $10–100M 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
Dr Melissa Fullmore$224,038—————
Jennifer Brown—$182,638$185,462$184,055$191,725$184,720
Zac West$173,077—————
Dr Brittney Black$173,077—————
Melissa Fullmore—$169,511————
Andrew Waddell$165,344—————
Zachary Rossley————$138,870$159,873
Archie L Bouie II——$151,069$104,268$24,167—

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

Operates public charter schools in Florida, preparing students for college and life success.

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Provided by the organization

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1 program · $30.9M · in their own filed words · FY2024
01

Operate a free, open-enrollment public charter school for students in grades k-8.

$30.9Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$45.1M
Ln 12
Gifts and grantsLn 1h$44.3M
Fees for servicesLn 2g$692K
Investment incomeLn 3$103K
Money outPt IX
$47.0M
Ln 25
Programscol B$30.9M
Managementcol C$16.0M
Owns and owesPt X
$7.9M
net assets · Ln 32
Cash and savingsLn 1–2$4.4M
Total assetsLn 16$21.3M
LiabilitiesLn 26$13.4M
PeoplePt VI, VII
13
listed · VII A
PaidVII A4
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$44.3M
Government grantsLn 1e$38.3M
Noncash giftsLn 1g$226K
Fees for servicesLn 2g$692K
Investment incomeLn 3$103K
Total revenueLn 12$45.1M
Assets in detailPt X, end of year
CashLn 1$4.4M
Cash and savings togetherLn 1–2$4.4M
Land, buildings, equipmentLn 10c$3.5M
Other assetsLn 15$12.7M
Total assetsLn 16$21.3M
LiabilitiesLn 26$13.4M
Net assetsLn 32$7.9M
OperationsPt I, VI
EmployeesI 5475
VolunteersI 6150
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 FY25End FY25
Cash and savingsLn 1–2$4.3M$4.4M
Land, buildings, equipmentLn 10c$3.2M$3.5M
Total assetsLn 16$19.2M$21.3M
LiabilitiesLn 26$9.4M$13.4M
Net assetsLn 32$9.8M$7.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$23.1M$20.8M$2.3M
Pension plan contributionsLn 8$321K$193K$129K
Other employee benefitsLn 9$2.1M$1.9M$214K
Payroll taxesLn 10$1.9M$1.1M$760K
Legal feesLn 11b$54K$54K
Accounting feesLn 11c$351K$351K
Other fees for servicesLn 11g$1.5M$906K$601K
Office expensesLn 13$852K$511K$341K
Information technologyLn 14$635K$314K$320K
OccupancyLn 16$3.3M$3.3M
TravelLn 17$111K$11K$100K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$869K$130K$738K
InsuranceLn 23$807K$807K
Other expenses (24a–d)Ln 24$9.9M$4.3M$5.7M
All other expensesLn 24e$1.1M$723K$378K
Total functional expensesLn 25$47.0M$30.9M$16.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $45.1M$47.0M−$1.9M$7.9M 990 PDF
FY2024 $43.5M$39.9M$3.6M$9.8M 990 PDF
FY2023 $33.8M$34.7M−$837K$6.2M 990 PDF
FY2022 $29.1M$27.2M$1.9M$7.0M 990 PDF
FY2021 $19.5M$18.3M$1.3M$5.1M 990 PDF
FY2020 $16.1M$16.0M$94K$3.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $45,081,617 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $43,236,695$44,286,538
I-9 Program service revenuePrior year $80,104$692,036
I-10 Investment incomePrior year $105,875$103,043
I-11 Other revenuePrior year $95,500$0
I-12 Total revenuePrior year $43,518,174$45,081,617
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $24,670,005$27,507,628
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $15,249,502$19,475,697
I-18 Total expensesPrior year $39,919,507$46,983,325
I-19 Revenue less expensesPrior year $3,598,667−$1,901,708
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $45,081,617 across 7 lines filed
VIII-1e Government grants$38,305,630
VIII-1f All other contributions, gifts and grants$5,980,908
VIII-1g Noncash contributions (included above)$225,726
VIII-1h Total contributions, gifts and grants$44,286,538
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $692,036$692,036
VIII-3 Investment incomeExcluded from tax $103,043$103,043
VIII-12 Total revenueRelated to mission $692,036 · Excluded from tax $103,043$45,081,617
Part IX · Statement of functional expenses $46,983,325 across 16 lines filed
IX-7 Other salaries and wagesPrograms $20,833,339 · Management $2,314,815$23,148,154
IX-8 Pension plan contributionsPrograms $192,751 · Management $128,501$321,252
IX-9 Other employee benefitsPrograms $1,923,694 · Management $213,744$2,137,438
IX-10 Payroll taxesPrograms $1,140,470 · Management $760,314$1,900,784
IX-11b Legal feesManagement $53,843$53,843
IX-11c Accounting feesManagement $350,575$350,575
IX-11g Other fees for servicesPrograms $905,776 · Management $600,603$1,506,379
IX-13 Office expensesPrograms $511,340 · Management $340,894$852,234
IX-14 Information technologyPrograms $314,464 · Management $320,292$634,756
IX-16 OccupancyManagement $3,263,299$3,263,299
IX-17 TravelPrograms $11,109 · Management $99,977$111,086
IX-20 InterestManagement $3,163$3,163
IX-22 Depreciation, depletion and amortizationPrograms $130,287 · Management $738,293$868,580
IX-23 InsuranceManagement $807,140$807,140
IX-24 Other expenses (24a–d)Programs $4,253,458 · Management $5,670,044$9,923,502
IX-24e All other expensesPrograms $722,816 · Management $378,324$1,101,140
IX-25 Total functional expensesPrograms $30,939,504 · Management $16,043,821 · Fundraising $0$46,983,325
Part X · Balance sheet $21,272,454 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $4,273,895$4,404,186
X-3 Pledges and grants receivableStart of year $1,977,796$436,452
X-4 Accounts receivableStart of year $162,734$235,455
X-10c Land, buildings and equipment, netStart of year $3,246,324$3,518,638
X-15 Other assetsStart of year $9,525,898$12,677,723
X-16 Total assetsStart of year $19,186,647$21,272,454
X-17 Accounts payable and accrued expensesStart of year $1,279,954$826,297
X-25 Other liabilitiesStart of year $8,116,735$12,557,907
X-26 Total liabilitiesStart of year $9,396,689$13,384,204
X-27 Net assets without donor restrictionsStart of year $9,789,958$7,888,250
X-32 Total net assets or fund balancesStart of year $9,789,958$7,888,250
X-33 Total liabilities and net assetsStart of year $19,186,647$21,272,454
Part XI · Reconciliation of net assets $7,888,250 net assets at year end
XI-1 Total revenue$45,081,617
XI-2 Total expenses$46,983,325
XI-3 Revenue less expenses−$1,901,708
XI-4 Net assets at start of year$9,789,958
XI-10 Net assets at end of year$7,888,250

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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