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Kipp Minnesota Abc FY2020 filing

Tax-deductible

Minneapolis, MN501(c)(3)Since 2017EducationEIN 82-2757664Revenue $138K in FY2020

On file with the IRSkippminnesota.org5034 Oliver Ave N, 55430-3355 · Minneapolis, MNTax-exempt since Mar 2018Supporting org, Type I — 509(a)(3)

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To support the mission and vision of KIPP Minnesota through the ownership of real property.

501(c)(3) charity; gifts are tax-deductible.
41¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
1 of 6
filings with a surplus
Average deficit $141K a year · 18% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
41%
of spending
Concern: 41% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
47 mo
of spending, in cash
Looks good: 46.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$12.0M
105% of total assets
Concern: liabilities are 105% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$138K
Spent
$671K
To programs
41%
Net assets
−$539K
By yearFY2020–FY2025
Revenue
$138K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$138K
FY2021$799K
FY2022$893K
FY2023$950K
FY2024$988K
FY2025$979K
Expenses
$671K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$671K
FY2021$1.0M
FY2022$950K
FY2023$985K
FY2024$997K
FY2025$978K
Net assets
−$539K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$539K
FY2021−$755K
FY2022−$812K
FY2023−$846K
FY2024−$855K
FY2025−$1.2M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Mar 2018.

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

Where the money goes

41 cents of each dollar spent went to programs.

Program services 41% · $275K Management & general 59% · $396K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Kelly Rimpala
Secretary
$0Pt VII · Sec A
Wade Jones
Treasurer
$0Pt VII · Sec A
See Kipp Minnesota Abc executive salaries →

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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 15aNo

Programs and updates

Leases and maintains property for KIPP Minnesota schools.

Questions for Kipp Minnesota Abc

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Provided by the organization

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1 program · $275K · in their own filed words · FY2019
01

During the fiscal year ended june 30, 2020, the building company purchased the kipp minnesota school building and land located at 5000 and 5060 north oliver avenue, minneapolis, MN 55430.

$275Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$138K
Ln 12
Fees for servicesLn 2g$138K
Investment incomeLn 3$17
Money outPt IX
$671K
Ln 25
Programscol B$275K
Managementcol C$396K
Owns and owesPt X
−$539K
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$11.5M
LiabilitiesLn 26$12.0M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$138K
Investment incomeLn 3$17
Total revenueLn 12$138K
Assets in detailPt X, end of year
SavingsLn 2$2.6M
Cash and savings togetherLn 1–2$2.6M
Land, buildings, equipmentLn 10c$8.9M
Total assetsLn 16$11.5M
LiabilitiesLn 26$12.0M
Net assetsLn 32−$539K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
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 FY20End FY20
Cash and savingsLn 1–2$2.6M
Land, buildings, equipmentLn 10c$0$8.9M
Total assetsLn 16$0$11.5M
LiabilitiesLn 26$6K$12.0M
Net assetsLn 32−$6K−$539K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$160K$160K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$236K$18K$218K
OccupancyLn 16$64K$64K
InterestLn 20$152K$152K
Depreciation, depletion and amortizationLn 22$41K$41K
Total functional expensesLn 25$671K$275K$396K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $979K$978K$1K−$1.2M 990 PDF
FY2024 $988K$997K−$9K−$855K 990 PDF
FY2023 $950K$985K−$35K−$846K 990 PDF
FY2022 $893K$950K−$57K−$812K 990 PDF
FY2021 $799K$1.0M−$216K−$755K 990 PDF
FY2020 Viewing $138K$671K−$533K−$539K 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 FY2020 990 (6 parts)
Part I · Summary $138,145 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$138,128
I-10 Investment incomePrior year $0$17
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$138,145
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$671,133
I-18 Total expensesPrior year $0$671,133
I-19 Revenue less expensesPrior year $0−$532,988
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $138,145 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $138,128$138,128
VIII-3 Investment incomeExcluded from tax $17$17
VIII-12 Total revenueRelated to mission $138,128 · Unrelated business $0 · Excluded from tax $17$138,145
Part IX · Statement of functional expenses $671,133 across 6 lines filed
IX-11b Legal feesManagement $160,000$160,000
IX-11c Accounting feesManagement $17,835$17,835
IX-11g Other fees for servicesPrograms $17,623 · Management $218,413$236,036
IX-16 OccupancyPrograms $63,700$63,700
IX-20 InterestPrograms $152,418$152,418
IX-22 Depreciation, depletion and amortizationPrograms $41,144$41,144
IX-25 Total functional expensesPrograms $274,885 · Management $396,248 · Fundraising $0$671,133
Part X · Balance sheet $11,477,148 assets, 9 lines filed
X-2 Savings and temporary cash investments$2,608,086
X-10c Land, buildings and equipment, netStart of year $0$8,869,062
X-16 Total assetsStart of year $0$11,477,148
X-17 Accounts payable and accrued expenses$87,703
X-20 Tax-exempt bond liabilities$10,947,047
X-25 Other liabilitiesStart of year $5,900$286,286
X-26 Total liabilitiesStart of year $5,900$12,016,036
X-32 Total net assets or fund balancesStart of year −$5,900−$538,888
X-33 Total liabilities and net assetsStart of year $0$11,477,148
Part XI · Reconciliation of net assets −$538,888 net assets at year end
XI-1 Total revenue$138,145
XI-2 Total expenses$671,133
XI-3 Revenue less expenses−$532,988
XI-4 Net assets at start of year−$5,900
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$538,888

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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