Kipp Foundation FY2021 filing

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Together with families and communities, we create joyful, academically excellent schools that prepare students with the skills and confidence to succeed in college and beyond - so they can lead fulfilling lives and build a more just world.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$2.8M 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 $17.4M a year · 16% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.8M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
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 · $500
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$17.5M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 16 voting members
Looks good: 14 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$88.5M
-10% vs prior year
Spent
$79.5M
To programs
89%
Net assets
$83.8M
By yearFY2020–FY2025
Revenue
$88.5M
FY2021▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$98.7M
FY2021$88.5M
FY2022$130.7M
FY2023$78.3M
FY2024$111.4M
FY2025$145.5M
Expenses
$79.5M
FY2021▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$71.7M
FY2021$79.5M
FY2022$95.9M
FY2023$104.6M
FY2024$89.8M
FY2025$107.3M
Net assets
$83.8M
FY2021▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$75.3M
FY2021$83.8M
FY2022$116.2M
FY2023$90.2M
FY2024$113.3M
FY2025$153.3M

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 Nov 2007.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $70.4M Management & general 8% · $6.0M Fundraising 4% · $3.1M

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

24 people listed on the 990; $2.8M 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
Co-Founder
$509,796Pt VII · Sec A
Chief Executive Officer
$493,660Pt VII · Sec A
Chief Development Officer
$299,002Pt VII · Sec A
Chief Research, Design & Innovation Officer
$266,404Pt VII · Sec A
Chief Fin Officer & Board Treasurer
$264,280Pt VII · Sec A
Executive Coach, Scale & Integration
$261,522Pt VII · Sec A
Chief Acad. & Talent Systems Officer
$260,236Pt VII · Sec A
Chief Network Growth Officer
$246,682Pt VII · Sec A

Shavar Jeffries’s $864K as CEO and Board Member is at the 68th 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
Shavar Jeffries$863,946$709,670————
Richard Barth——$333,414$509,878$493,660$493,585
David Levin————$509,796$503,212
Kinnari Patel-Smyth$424,631$488,106$438,061$250,010——
Dave Levin$269,820$270,045$449,403$453,336——
James Manly$424,068—————
Richard Buery—————$396,520
Aisha Christian$392,076$107,495————

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.

See Kipp Foundation executive salaries →

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

Supports a national network of public charter schools through data research, professional development, and innovation to help educationally underserved students succeed.

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3 programs · $52.1M · in their own filed words · FY2020
01

Network Growth & Sustainability

The kipp foundation provides on-going assistance to kipp schools & regions in the areas of sustainable growth, new site development, and school finance & operations; as well as direct financial, legal, and technology support.

$31.7Mprogram expense
02

Academics & Culture

To ensure all kippsters experience a joyful, academically excellent, anti-racist education, the kipp foundation partners with kipp schools and regions to build systems that promote academic equity, establish a healthy and equitable school culture, and ensure teachers are effectively supported in expanding their content knowledge and…

$13.4Mprogram expense
03

Kipp Forward

The kipp foundation supports kipp schools and regions in strengthening their college counseling and alumni advising to ensure that kipp alumni are prepared for the educational and career path that fits their goals and sense of purpose.

$7.0Mprogram 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$500
Grants paid · 229 grants · $223.7M · 2019–2024
Kipp Texas Public SchoolsFY2024$5,138,908
Kipp Indianapolis INCIN · FY2024$3,638,726
Kipp New York INCNY · FY2024$3,476,942
Kipp Socal Public SchoolsCA · FY2024$3,350,619
Kipp Bay Area SchoolsCA · FY2024$2,719,394
Kipp NashvilleTN · FY2024$2,500,662
Kipp Baltimore INCMD · FY2024$2,144,496
Kipp Whole Child CenterMI · FY2024$1,919,239
Kipp ColumbusOH · FY2024$1,737,321
Kipp Miami INCNJ · FY2024$1,649,716
Kipp St LouisMO · FY2024$1,238,914
Kipp Philadelphia Charter SchoolPA · FY2024$1,231,890
Kipp Jacksonville INCFL · FY2024$1,108,304
Unitemized GrantFY2024$1,099,491
Kipp DC Public Charter SchoolsDC · FY2024$1,086,067
Kipp Okc Public SchoolsOK · FY2024$804,892
See all 229 grants →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $20.3M federal money spent
Charter Schools ProgramDepartment of Education · ALN 84.282M · Direct$11.6M
Credit Enhancement for Charter School Facilities Program - Funds ReceivedDepartment of Education · ALN 84.354A · Direct$8.7M

The auditor reported no findings.

Year ending Jun 2024 · $30.5M federal money spent
Charter SchoolsDepartment of Education · ALN 84.282 · Direct$18.8M
Credit Enhancement for Charter School FacilitiesDepartment of Education · ALN 84.354 · Direct$11.7M

The auditor reported no findings.

Year ending Jun 2023 · $27.9M federal money spent
Charter SchoolsDepartment of Education · ALN 84.282 · Direct$19.4M
Credit Enhancement for Charter School FacilitiesDepartment of Education · ALN 84.354 · Direct$8.0M
Supporting Effective Educator Development ProgramDepartment of Education · ALN 84.423 · Direct$565K

The auditor reported no findings.

Year ending Jun 2022 · $32.3M federal money spent
Charter SchoolsDepartment of Education · ALN 84.282 · Direct$21.9M
Credit Enhancement for Charter School FacilitiesDepartment of Education · ALN 84.354 · Direct$7.7M
Supporting Effective Educator Development ProgramDepartment of Education · ALN 84.423 · Direct$2.6M

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$88.5M
Ln 12
Gifts and grantsLn 1h$81.5M
Fees for servicesLn 2g$6.7M
Investment incomeLn 3$307K
Money outPt IX
$79.5M
Ln 25
Programscol B$70.4M
Managementcol C$6.0M
Fundraisingcol D$3.1M
Owns and owesPt X
$83.8M
net assets · Ln 32
Cash and savingsLn 1–2$38.3M
Total assetsLn 16$101.4M
LiabilitiesLn 26$17.5M
PeoplePt VI, VII
24
listed · VII A
PaidVII A9
Voting boardVI 1a16
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$81.5M
Government grantsLn 1e$18.5M
Noncash giftsLn 1g$8.1M
Fees for servicesLn 2g$6.7M
Investment incomeLn 3$307K
Other incomeLn 4–11$2K
Gains on assetsLn 7−$51K
Total revenueLn 12$88.5M
Assets in detailPt X, end of year
SavingsLn 2$38.3M
Cash and savings togetherLn 1–2$38.3M
Pledges and grants receivableLn 3$24.7M
Accounts receivableLn 4$5.9M
Notes and loans receivableLn 7$7.3M
Prepaid expenses and deferred chargesLn 9$542K
Land, buildings, equipmentLn 10c$1.7M
InvestmentsLn 11–13$21.8M
Other assetsLn 15$1.2M
Total assetsLn 16$101.4M
LiabilitiesLn 26$17.5M
Net assetsLn 32$83.8M
OperationsPt I, VI
EmployeesI 5262
VolunteersI 613
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$8.1M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$28.5M$38.3M
InvestmentsLn 11–13$20.8M$21.8M
Land, buildings, equipmentLn 10c$2.1M$1.7M
Total assetsLn 16$92.2M$101.4M
LiabilitiesLn 26$16.9M$17.5M
Net assetsLn 32$75.3M$83.8M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$35.4M$35.4M
Grants to domestic individualsLn 2$296K$296K
Pay of current officers, directors and key staffLn 5$4.0M$2.6M$748K$685K
Other salaries and wagesLn 7$20.7M$16.7M$2.7M$1.4M
Pension plan contributionsLn 8$776K$627K$101K$48K
Other employee benefitsLn 9$3.3M$2.6M$438K$199K
Payroll taxesLn 10$1.7M$1.3M$230K$129K
Legal feesLn 11b$145K$145K
Accounting feesLn 11c$140K$140K
Investment management feesLn 11f$56K$56K
Other fees for servicesLn 11g$6.9M$6.1M$346K$411K
Advertising and promotionLn 12$134K$116K$2K$16K
Office expensesLn 13$2.2M$1.6M$588K$47K
Information technologyLn 14$662K$611K$37K$13K
OccupancyLn 16$1.3M$1.0M$204K$89K
TravelLn 17$50K$44K$6K
InterestLn 20$691$691
Depreciation, depletion and amortizationLn 22$695K$542K$104K$48K
InsuranceLn 23$103K$80K$15K$7K
Other expenses (24a–d)Ln 24$991K$636K$335K$21K
All other expensesLn 24e$25K$20K$431$4K
Total functional expensesLn 25$79.5M$70.4M$6.0M$3.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 13, 2026 $145.5M$107.3M$38.3M$153.3M 990 PDF
FY2024Filed with the IRS May 13, 2025 $111.4M$89.8M$21.6M$113.3M 990 PDF
FY2023Filed with the IRS Mar 27, 2024 $78.3M$104.6M−$26.3M$90.2M 990 PDF
FY2022Filed with the IRS Mar 28, 2023 $130.7M$95.9M$34.8M$116.2M 990 PDF
FY2021 ViewingFiled with the IRS Apr 11, 2022 $88.5M$79.5M$9.0M$83.8M 990 PDF
FY2020Filed with the IRS Feb 19, 2021 $98.7M$71.7M$26.9M$75.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $88,532,017 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $90,984,402$81,513,835
I-9 Program service revenuePrior year $7,135,096$6,709,169
I-10 Investment incomePrior year $548,401$307,152
I-11 Other revenuePrior year $3,960$1,861
I-12 Total revenuePrior year $98,671,859$88,532,017
I-13 Grants and similar amounts paidPrior year $21,095,431$35,646,824
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $31,086,828$30,459,866
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $19,545,325$13,438,089
I-18 Total expensesPrior year $71,727,584$79,544,779
I-19 Revenue less expensesPrior year $26,944,275$8,987,238
Part VI · Governance 14 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members14
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 $88,532,017 across 9 lines filed
VIII-1e Government grants$18,463,801
VIII-1f All other contributions, gifts and grants$63,050,034
VIII-1g Noncash contributions (included above)$8,080,369
VIII-1h Total contributions, gifts and grants$81,513,835
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,709,169$6,709,169
VIII-3 Investment incomeExcluded from tax $358,277$358,277
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$51,125−$51,125
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,861$1,861
VIII-12 Total revenueRelated to mission $6,709,169 · Unrelated business $0 · Excluded from tax $309,013$88,532,017
Part IX · Statement of functional expenses $79,544,779 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $35,350,324$35,350,324
IX-2 Grants to domestic individualsPrograms $296,500$296,500
IX-5 Pay of current officers, directors and key staffPrograms $2,587,230 · Management $747,864 · Fundraising $685,247$4,020,341
IX-7 Other salaries and wagesPrograms $16,678,085 · Management $2,677,916 · Fundraising $1,369,491$20,725,492
IX-8 Pension plan contributionsPrograms $626,710 · Management $100,902 · Fundraising $48,014$775,626
IX-9 Other employee benefitsPrograms $2,635,777 · Management $437,777 · Fundraising $199,188$3,272,742
IX-10 Payroll taxesPrograms $1,306,710 · Management $229,767 · Fundraising $129,188$1,665,665
IX-11b Legal feesPrograms $145,089$145,089
IX-11c Accounting feesManagement $139,662$139,662
IX-11f Investment management feesManagement $55,820$55,820
IX-11g Other fees for servicesPrograms $6,143,268 · Management $345,585 · Fundraising $411,041$6,899,894
IX-12 Advertising and promotionPrograms $116,075 · Management $2,077 · Fundraising $16,133$134,285
IX-13 Office expensesPrograms $1,584,543 · Management $588,160 · Fundraising $47,454$2,220,157
IX-14 Information technologyPrograms $610,803 · Management $37,438 · Fundraising $13,341$661,582
IX-16 OccupancyPrograms $1,024,579 · Management $203,869 · Fundraising $88,803$1,317,251
IX-17 TravelPrograms $44,215 · Management $5,906$50,121
IX-20 InterestManagement $691$691
IX-22 Depreciation, depletion and amortizationPrograms $542,113 · Management $104,407 · Fundraising $48,188$694,708
IX-23 InsurancePrograms $80,061 · Management $15,419 · Fundraising $7,116$102,596
IX-24 Other expenses (24a–d)Programs $636,088 · Management $334,688 · Fundraising $20,570$991,346
IX-24e All other expensesPrograms $20,001 · Management $431 · Fundraising $4,455$24,887
IX-25 Total functional expensesPrograms $70,428,171 · Management $6,028,379 · Fundraising $3,088,229$79,544,779
Part X · Balance sheet $101,389,797 assets, 17 lines filed
X-2 Savings and temporary cash investmentsStart of year $28,458,373$38,257,973
X-3 Pledges and grants receivableStart of year $33,114,292$24,700,787
X-4 Accounts receivableStart of year $4,005,390$5,851,153
X-7 Notes and loans receivableStart of year $2,100,000$7,300,000
X-9 Prepaid expenses and deferred chargesStart of year $624,270$541,848
X-10c Land, buildings and equipment, netStart of year $2,114,408$1,744,374
X-11 Publicly traded securitiesStart of year $20,756,959$21,780,641
X-15 Other assetsStart of year $1,009,040$1,213,021
X-16 Total assetsStart of year $92,182,732$101,389,797
X-17 Accounts payable and accrued expensesStart of year $9,205,385$9,748,271
X-19 Deferred revenueStart of year $4,000$37,500
X-25 Other liabilitiesStart of year $7,720,089$7,762,042
X-26 Total liabilitiesStart of year $16,929,474$17,547,813
X-27 Net assets without donor restrictionsStart of year $30,995,298$37,249,141
X-28 Net assets with donor restrictionsStart of year $44,257,960$46,592,843
X-32 Total net assets or fund balancesStart of year $75,253,258$83,841,984
X-33 Total liabilities and net assetsStart of year $92,182,732$101,389,797
Part XI · Reconciliation of net assets $83,841,984 net assets at year end
XI-1 Total revenue$88,532,017
XI-2 Total expenses$79,544,779
XI-3 Revenue less expenses$8,987,238
XI-4 Net assets at start of year$75,253,258
XI-5 Net unrealized gains (losses) on investments−$398,512
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$83,841,984

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

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