philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Kipp Minnesota Abc FY2024 filing

Tax-deductible

Minneapolis, MN501(c)(3)Since 2017EducationEIN 82-2757664Revenue $988K in FY2024

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

This page gets seen. Tell your story. Claim this org.

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

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 21.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$12.4M
107% of total assets
Concern: liabilities are 107% 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
$988K
+4% vs prior year
Spent
$997K
To programs
93%
Net assets
−$855K
By yearFY2020–FY2025
Revenue
$988K
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$138K
FY2021$799K
FY2022$893K
FY2023$950K
FY2024$988K
FY2025$979K
Expenses
$997K
FY2024▲ +1%
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
−$855K
FY2024▼ -1%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2024 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

93 cents of each dollar spent went to programs.

Program services 93% · $932K Management & general 7% · $65K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Kelly Rimpila
Secretary
$0Pt VII · Sec A
Wade Jones
Treasurer
$0Pt VII · Sec A
See Kipp Minnesota Abc executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Tap to ask. Kipp Minnesota Abc sees how many people are interested.

Your first name shows with your question. Kipp Minnesota Abc answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $932K · in their own filed words · FY2023
01

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

$932Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$988K
Ln 12
Fees for servicesLn 2g$920K
Investment incomeLn 3$68K
Money outPt IX
$997K
Ln 25
Programscol B$932K
Managementcol C$65K
Owns and owesPt X
−$855K
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$11.5M
LiabilitiesLn 26$12.4M
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$920K
Investment incomeLn 3$68K
Total revenueLn 12$988K
Assets in detailPt X, end of year
SavingsLn 2$1.7M
Cash and savings togetherLn 1–2$1.7M
Land, buildings, equipmentLn 10c$9.4M
Other assetsLn 15$390K
Total assetsLn 16$11.5M
LiabilitiesLn 26$12.4M
Net assetsLn 32−$855K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.6M$1.7M
Land, buildings, equipmentLn 10c$9.5M$9.4M
Total assetsLn 16$11.6M$11.5M
LiabilitiesLn 26$12.4M$12.4M
Net assetsLn 32−$846K−$855K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$54K$54K
OccupancyLn 16$730K$730K
Depreciation, depletion and amortizationLn 22$203K$203K
Total functional expensesLn 25$997K$932K$65K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $979K$978K$1K−$1.2M 990 PDF
FY2024 Viewing $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 $138K$671K−$533K−$539K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2024 990 (6 parts)
Part I · Summary $988,110 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $912,423$919,923
I-10 Investment incomePrior year $38,059$68,187
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $950,482$988,110
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 $985,183$997,272
I-18 Total expensesPrior year $985,183$997,272
I-19 Revenue less expensesPrior year −$34,701−$9,162
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $988,110 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $919,923$919,923
VIII-3 Investment incomeExcluded from tax $68,187$68,187
VIII-12 Total revenueRelated to mission $919,923 · Unrelated business $0 · Excluded from tax $68,187$988,110
Part IX · Statement of functional expenses $997,272 across 4 lines filed
IX-11c Accounting feesManagement $11,350$11,350
IX-11g Other fees for servicesManagement $53,525$53,525
IX-16 OccupancyPrograms $729,637$729,637
IX-22 Depreciation, depletion and amortizationPrograms $202,760$202,760
IX-25 Total functional expensesPrograms $932,397 · Management $64,875 · Fundraising $0$997,272
Part X · Balance sheet $11,544,077 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,631,280$1,744,527
X-10c Land, buildings and equipment, netStart of year $9,537,689$9,409,907
X-15 Other assetsStart of year $400,000$389,643
X-16 Total assetsStart of year $11,568,969$11,544,077
X-17 Accounts payable and accrued expensesStart of year $357,094$353,494
X-20 Tax-exempt bond liabilitiesStart of year $11,383,926$11,276,218
X-25 Other liabilitiesStart of year $79,282$174,860
X-26 Total liabilitiesStart of year $12,415,302$12,399,572
X-32 Total net assets or fund balancesStart of year −$846,333−$855,495
X-33 Total liabilities and net assetsStart of year $11,568,969$11,544,077
Part XI · Reconciliation of net assets −$855,495 net assets at year end
XI-1 Total revenue$988,110
XI-2 Total expenses$997,272
XI-3 Revenue less expenses−$9,162
XI-4 Net assets at start of year−$846,333
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$855,495

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.