Kipp Foundation FY2022 filing

San Francisco, CA · Public charity (501(c)(3)) · Since 2000 · Education

✓ Tax-deductible Latest data FY2022
Revenue
$130.7M
▲ +48% vs prior year
Spent
$95.9M
To programs
90%
Net assets
$116.2M
By yearFY2020–FY2024
Revenue
$130.7M
FY2022▲ +48%
Revenue by fiscal year
FY2020$98.7M
FY2021$88.5M
FY2022$130.7M
FY2023$78.3M
FY2024$111.4M
FY2024$145.5M
Expenses
$95.9M
FY2022▲ +21%
Expenses by fiscal year
FY2020$71.7M
FY2021$79.5M
FY2022$95.9M
FY2023$104.6M
FY2024$89.8M
FY2024$107.3M
Net assets
$116.2M
FY2022▲ +39%
Net assets by fiscal year
FY2020$75.3M
FY2021$83.8M
FY2022$116.2M
FY2023$90.2M
FY2024$113.3M
FY2024$153.3M
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending June 2022 (IRS tax year 2021).

Figures match the IRS filing checked 7/6/26 · see original: IRS

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — James B Kisgen Foundation
$500 in the latest grant year.
Spent on programs?
90% to programs
Form 990 Part IX, latest filing.
Size and trend
$100M+
↑ +48% vs prior year
Legal name (IRS)Hdr · item CKipp Foundation
EINHdr · item D94-3362724
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFNov 2007
Year of formationHdr · item L2000
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSan Francisco, CA
NTEE classificationIRS BMFEducation (B99)
WebsiteHdr · item Jwww.kipp.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.07 Fundraising $0.03
Program services90%$86.2M
Management & general7%$6.8M
Fundraising3%$2.9M
Total functional expensesLn 25$95.9M

Financial health

Program efficiency
90%
of spending reaches programs
Operating runway
12.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+27%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$136.3M
FY2022▲ +34%
Total assets by fiscal year
FY2020$92.2M
FY2021$101.4M
FY2022$136.3M
FY2023$116.1M
FY2024$141.0M
FY2024$181.6M
Total liabilities
$20.1M
FY2022▲ +14%
Total liabilities by fiscal year
FY2020$16.9M
FY2021$17.5M
FY2022$20.1M
FY2023$25.9M
FY2024$27.7M
FY2024$28.3M
Revenue less expensesPt I · Ln 19$34.8M
Total assetsPt X · Ln 16$136.3M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 414

Balance Sheet

Part X · end of year
CashLn 1$36.2M
Total assetsLn 16$136.3M
Total liabilitiesLn 26$20.1M
Total net assetsLn 32$116.2M
Months of cash on handcomputed4.5

Statement of Revenue

Part VIII
Contributions & grants$122.9M · 94%
Program service revenue$7.2M · 5%
Contributions & grants94%$122.9M
Program service revenue5%$7.2M
Investment income$597K
Other revenue$16
— government grantsLn 1e$24.5M
Total revenueLn 12$130.7M

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $90.4M · Operating expenses (Pt IX) $95.9M · Less non-cash grants $8.0M · Cash operating expenses/yr $87.9M
12.3 months
Where the money goes
Program services
Program services $86.2M · Total expenses $95.9M
90%
Management & General
Management & general $6.8M · Total expenses $95.9M
7%
Fundraising
Fundraising $2.9M · Total expenses $95.9M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $2.8M · Solicited contributions (3-yr avg) $78.0M
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $122.9M · Total revenue $130.7M
94%
Government reliance
Government grants $24.5M · Total revenue $130.7M
19%
Earned-income share
Program service revenue $7.2M · Total revenue $130.7M
5%
Investment reliance
Investment income $597K · Total revenue $130.7M
+0.5%
Program self-sufficiency
Program service revenue $7.2M · Total expenses $95.9M
7%
Growth & trend
Revenue growth (YoY)
This year $130.7M · Prior year $88.5M
+48%
Net-asset trend (YoY)
End of year $116.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $130.7M · Expenses $95.9M
+27%
Liabilities-to-Assets
Total liabilities — · Total assets $136.3M
—
Net-asset ratio
Net assets $116.2M · Total assets $136.3M
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $54.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $136.3M
40%
People & payroll
Highest Reported Total Compensation
Individual Richard Barth · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $510K · Total expenses $95.9M
0.5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $31.8M · Total expenses $95.9M
33%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%——
Overhead ratio 7%——
Fundraising cost ratio 2%——
Revenue growth 48%——
Investment management fee ratio 0.05%——
Legal fee ratio 0.2%——
Accounting fee ratio 0.3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Chief Executive Officer
$509,878Pt VII · Sec A
Co-Founder
$453,336Pt VII · Sec A
Chief Development Officer
$344,172Pt VII · Sec A
Chief Research, Design & Innovation Officer
$274,020Pt VII · Sec A
Chief Financial Officer, Board Treasurer
$259,360Pt VII · Sec A
SR. Dir. Comm. (thru 9/17/21)
$258,293Pt VII · Sec A
Chief Network Growth Officer
$254,744Pt VII · Sec A
Executive Coach, Scale & Integration
$251,297Pt 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
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 →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

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

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $66.4M of program spending, described in the organization's own filed words · FY2021.
01

Network Growth & Sustainability

The kipp foundation supports stronger, more capable kipp regions that are delivering on all aspects of kipp's mission. The kipp foundation partners with regional executive directors and senior leaders to understand their unique context to support them on growth, regional scale, and priority planning.

$40.7Mprogram 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…

$15.6Mprogram 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.

$10.2Mprogram expense

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Funders

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 INCFL · 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 →

Filing history

YearRevenueExpensesChangeFiling
FY2024 $111.4M$89.8M+42% 990 PDF
FY2023 $78.3M$104.6M-40% 990 PDF
FY2022 Viewing $130.7M$95.9M+48% 990 PDF
FY2021 $88.5M$79.5M-10% 990 PDF
FY2020 $98.7M$71.7M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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