Kipp Foundation FY2024 filing

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $10,000 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

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.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 94-3362724) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$3.7M 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

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
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
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
87% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.7M
to officers and key staff · 4% of spending
Pay to officers and key staff is 4% of spending.
Part VII, Section A
3.0 mo
of spending, in cash
Plus $49.2M in investments, Pt X · Ln 11–13
3.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$27.7M
20% of total assets
Liabilities are 20% of assets.
Pt X · Ln 26
Independent board members
12
of 14 voting members
12 of 14 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$111.4M
+42% vs prior year
Spent
$89.8M
To programs
87%
Net assets
$113.3M
By yearFY2020–FY2025
Revenue
$111.4M
FY2024▲ +42%
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
$89.8M
FY2024▼ -14%
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
$113.3M
FY2024▲ +26%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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 Nov 2007.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $78.4M Management & general 10% · $8.8M Fundraising 3% · $2.6M

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

Something off? Claim to add context

Who runs it and what they're paid

25 people listed on the 990; $3.7M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
CEO and Board Member
$709,670Pt VII · Sec A
$488,106Pt VII · Sec A
Chief Data & Technology Officer
$300,778Pt VII · Sec A
Chief Network Growth Officer
$284,679Pt VII · Sec A
Chief People Officer
$270,720Pt VII · Sec A
Strategic Advisor & Board Member
$270,045Pt VII · Sec A
VP Dev/Interim Sec (partial Year)
$266,309Pt VII · Sec A
Chief Strategy Officer
$265,412Pt 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.

Questions for Kipp Foundation

Tap to ask. Kipp Foundation sees how many people are interested.

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

3 programs · $63.5M · in their own filed words · FY2023
01

Network Growth & Sustainability

The kipp foundation builds stronger, more capable kipp schools & 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.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 94-3362724) · Dispute this line
$30.8Mprogram expense
02

Academics & Culture

To ensure all kippsters experience a joyful and academically excellent education that unlocks their full potential, the kipp foundation partners with kipp schools and regions to build systems that advance academic excellence, establish a healthy school culture, and ensure teachers are effectively supported in expanding their content…

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 94-3362724) · Dispute this line
$23.6Mprogram expense
03

Research, Design & Innovation

The kipp foundation supports continuous learning and improvement among kipp schools & regions by:- creating on-going visibility into kipp's network-wide performance and generating actionable insights; - ensuring high quality data and research to support network leaders in making data-driven decisions; and - promoting innovation and…

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 94-3362724) · Dispute this line
$9.2Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$111.4M
Ln 12
Gifts and grantsLn 1h$101.0M
Fees for servicesLn 2g$7.8M
Investment incomeLn 3$2.8M
Money outPt IX
$89.8M
Ln 25
Programscol B$78.4M
Managementcol C$8.8M
Fundraisingcol D$2.6M
Owns and owesPt X
$113.3M
net assets · Ln 32
Cash and savingsLn 1–2$22.3M
Total assetsLn 16$141.0M
LiabilitiesLn 26$27.7M
PeoplePt VI, VII
25
listed · VII A
PaidVII A13
Voting boardVI 1a14
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$101.0M
Government grantsLn 1e$18.8M
Noncash giftsLn 1g$556K
Fees for servicesLn 2g$7.8M
Investment incomeLn 3$2.8M
Gains on assetsLn 7−$158K
Total revenueLn 12$111.4M
Assets in detailPt X, end of year
SavingsLn 2$22.3M
Cash and savings togetherLn 1–2$22.3M
Pledges and grants receivableLn 3$51.5M
Accounts receivableLn 4$7.5M
Notes and loans receivableLn 7$4.6M
Prepaid expenses and deferred chargesLn 9$1.1M
Land, buildings, equipmentLn 10c$1.1M
InvestmentsLn 11–13$49.2M
Other assetsLn 15$3.6M
Total assetsLn 16$141.0M
LiabilitiesLn 26$27.7M
Net assetsLn 32$113.3M
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$556K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$46.2M$22.3M
InvestmentsLn 11–13$34.0M$49.2M
Land, buildings, equipmentLn 10c$1.3M$1.1M
Total assetsLn 16$116.1M$141.0M
LiabilitiesLn 26$25.9M$27.7M
Net assetsLn 32$90.2M$113.3M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$35.6M$35.6M
Grants to domestic individualsLn 2$1.4M$1.4M
Pay of officers and key staff (Part IX, line 5)Ln 5$2.1M$1.1M$749K$256K
Other salaries and wagesLn 7$24.6M$21.0M$2.1M$1.5M
Pension plan contributionsLn 8$872K$872K
Other employee benefitsLn 9$5.7M$5.3M$372K
Payroll taxesLn 10$2.0M$2.0M
Legal feesLn 11b$236K$236K
Accounting feesLn 11c$245K$245K
Investment management feesLn 11f$100K$100K
Other fees for servicesLn 11g$7.0M$6.5M$239K$288K
Advertising and promotionLn 12$536K$513K$10K$12K
Office expensesLn 13$1.5M$797K$666K$22K
Information technologyLn 14$903K$488K$384K$30K
OccupancyLn 16$891K$37K$853K$2K
TravelLn 17$2.9M$2.6M$219K$84K
Conferences, conventions and meetingsLn 19$1.8M$1.7M$34K$6K
Depreciation, depletion and amortizationLn 22$551K$437K$88K$26K
InsuranceLn 23$204K$162K$33K$9K
Other expenses (24a–d)Ln 24$799K$520K$272K$7K
Total functional expensesLn 25$89.8M$78.4M$8.8M$2.6M

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
FY2024 ViewingFiled 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
FY2021Filed 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

A · Public support I · Grants J · Pay M · Noncash O · Explanations
See the full FY2024 990
Part I · Summary $111,413,893 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $68,065,791$101,032,248
I-9 Program service revenuePrior year $7,732,803$7,751,068
I-10 Investment incomePrior year $2,547,571$2,657,244
I-11 Other revenuePrior year $352−$26,667
I-12 Total revenuePrior year $78,346,517$111,413,893
I-13 Grants and similar amounts paidPrior year $41,408,205$36,999,057
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $41,082,945$35,184,983
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $22,139,616$17,646,149
I-18 Total expensesPrior year $104,630,766$89,830,189
I-19 Revenue less expensesPrior year −$26,284,249$21,583,704
Part VI · Governance 12 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members12
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 $111,413,893 across 10 lines filed
VIII-1e Government grants$18,813,926
VIII-1f All other contributions, gifts and grants$82,218,322
VIII-1g Noncash contributions (included above)$555,585
VIII-1h Total contributions, gifts and grants$101,032,248
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,751,068$7,751,068
VIII-3 Investment incomeExcluded from tax $2,815,372$2,815,372
VIII-6 Net rental income or lossExcluded from tax −$15,255−$15,255
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$158,128−$158,128
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax −$11,412−$11,412
VIII-12 Total revenueRelated to mission $7,751,068 · Unrelated business $0 · Excluded from tax $2,630,577$111,413,893
Part IX · Statement of functional expenses $89,830,189 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $35,583,014$35,583,014
IX-2 Grants to domestic individualsPrograms $1,416,043$1,416,043
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $1,112,223 · Management $748,811 · Fundraising $256,250$2,117,284
IX-7 Other salaries and wagesPrograms $21,021,284 · Management $2,054,991 · Fundraising $1,474,481$24,550,756
IX-8 Pension plan contributionsManagement $871,999$871,999
IX-9 Other employee benefitsPrograms $5,284,761 · Fundraising $372,092$5,656,853
IX-10 Payroll taxesManagement $1,988,091$1,988,091
IX-11b Legal feesPrograms $235,662$235,662
IX-11c Accounting feesManagement $244,645$244,645
IX-11f Investment management feesManagement $99,867$99,867
IX-11g Other fees for servicesPrograms $6,461,397 · Management $239,318 · Fundraising $287,845$6,988,560
IX-12 Advertising and promotionPrograms $513,422 · Management $10,283 · Fundraising $12,121$535,826
IX-13 Office expensesPrograms $796,823 · Management $666,191 · Fundraising $22,386$1,485,400
IX-14 Information technologyPrograms $488,433 · Management $384,458 · Fundraising $29,969$902,860
IX-16 OccupancyPrograms $36,796 · Management $852,728 · Fundraising $1,871$891,395
IX-17 TravelPrograms $2,624,610 · Management $219,369 · Fundraising $83,957$2,927,936
IX-19 Conferences, conventions and meetingsPrograms $1,740,799 · Management $33,637 · Fundraising $5,754$1,780,190
IX-22 Depreciation, depletion and amortizationPrograms $437,241 · Management $88,469 · Fundraising $25,520$551,230
IX-23 InsurancePrograms $161,853 · Management $32,748 · Fundraising $9,447$204,048
IX-24 Other expenses (24a–d)Programs $519,880 · Management $271,527 · Fundraising $7,123$798,530
IX-25 Total functional expensesPrograms $78,434,241 · Management $8,807,132 · Fundraising $2,588,816$89,830,189
Part X · Balance sheet $140,977,184 assets, 16 lines filed
X-2 Savings and temporary cash investmentsStart of year $46,235,103$22,305,520
X-3 Pledges and grants receivableStart of year $16,289,168$51,548,677
X-4 Accounts receivableStart of year $6,527,286$7,482,054
X-7 Notes and loans receivableStart of year $7,133,334$4,645,000
X-9 Prepaid expenses and deferred chargesStart of year $637,423$1,112,745
X-10c Land, buildings and equipment, netStart of year $1,335,558$1,071,585
X-11 Publicly traded securitiesStart of year $33,965,088$49,249,351
X-15 Other assetsStart of year $3,943,189$3,562,252
X-16 Total assetsStart of year $116,066,149$140,977,184
X-17 Accounts payable and accrued expensesStart of year $14,238,275$15,776,154
X-25 Other liabilitiesStart of year $11,657,016$11,910,617
X-26 Total liabilitiesStart of year $25,895,291$27,686,771
X-27 Net assets without donor restrictionsStart of year $43,371,946$51,230,429
X-28 Net assets with donor restrictionsStart of year $46,798,912$62,059,984
X-32 Total net assets or fund balancesStart of year $90,170,858$113,290,413
X-33 Total liabilities and net assetsStart of year $116,066,149$140,977,184
Part XI · Reconciliation of net assets $113,290,413 net assets at year end
XI-1 Total revenue$111,413,893
XI-2 Total expenses$89,830,189
XI-3 Revenue less expenses$21,583,704
XI-4 Net assets at start of year$90,170,858
XI-5 Net unrealized gains (losses) on investments$1,470,851
XI-8 Prior period adjustments$65,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$113,290,413

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

Similar organizations you could support · Compare with another nonprofit

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

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. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home 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, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.

Featured nonprofit jobs

All nonprofit jobs → · Hiring? Post a job →