KIPP Academy Nashville
Fiscal Year
No current fiscal year information is available at this time.
Organizational Budgets and Other Documents
IRS Letter of Exemption
| kipp academy nashville irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2020 | 2018 | 2017 |
|---|---|---|---|
| Total Revenue | $21,303,805.00 | $17,162,738.00 | |
| Total Expenses | $19,014,036.00 | $15,597,797.00 | |
| Revenue Less Expenses | ($-0.00) | $2,289,769.00 | $1,564,941.00 |
Revenue Sources
| Fiscal Year | 2020 | 2018 | 2017 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $18,161,508.00 | $14,043,362.00 | |
| Contributions, Gifts, and Grants | $2,974,990.00 | $1,990,505.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $0.00 | $126.00 | |
| Investment Income, Net of Losses | $34,100.00 | $23,505.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $0.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $133,207.00 | $1,105,240.00 |
Expense Allocation
| Fiscal Year | 2020 | 2018 | 2017 |
|---|---|---|---|
| Program Expense | $14,355,176.00 | $12,165,540.00 | |
| Administration Expense | $4,430,761.00 | $3,200,731.00 | |
| Fundraising Expense | $228,099.00 | $231,526.00 | |
| Total Revenue/Total Expenses | 112% | 110% | |
| Program Expense/Total Expenses | 75% | 78% | |
| Fundraising Expense/Contributed Revenue | 1% | 1% |
Top Funding Sources
| Fiscal Year | 2020 | 2018 | 2017 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Government Grants $18,161,508.00 | Government Grants $14,043,362.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts and Grants $2,974,990.00 | Contributions, Gifts and Grants $1,990,505.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Other Revenue $133,207.00 | Other Revenue $1,105,240.00 |
Assets and Liabilities
| Fiscal Year | 2020 | 2018 | 2017 |
|---|---|---|---|
| Total Assets | $17,607,814.00 | $10,493,689.00 | |
| Current Assets | $7,624,206.00 | $8,063,500.00 | |
| Long-Term Liabilities | $4,842,389.00 | $722,645.00 | |
| Current Liabilities | $2,145,833.00 | $1,450,193.00 | |
| Total Net Assets | $10,619,592.00 | $8,320,851.00 |
Endowment Info
Do you have an endowment?
No
What is the value of the endowment?
$0.00
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
What is the campaign goal?
$0.00
Campaign Raised to Date Amount
$0.00
Solicitation Permit Info
State Charitable Solicitations Permit
Exempt
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| Since the fall of 2013, KIPP Nashville has been raising private philanthropy to support our growth. In FY 2016, KIPP Nashville secured commitments, combined with future Leaders & Scholars Breakfasts, to meet our $7M 'Fulfilling Our Promise' growth goal. These funds support the operations to open seven schools. We now set our sights on providing the facilities, college support and expanded extra-curricular programming to fulfill our vision for 2020, and our larger vision of ensuring every student in Nashville has access to a college-preparatory public school seat. |
Foundation Staff Comments
| Financial data taken from Form 990. Financials prepared by Crosslin, PLLC. Comments provided by Kathryn Bennett 8/6/19. |
