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Tax Status Governance Fund Raising Financial

Name:	KIPP, Inc.
Address:	10711 KIPP Way
	Houston, TX 77099
Phone:	832-328-1051
Web Address:	www.kipphouston.org
Also known as: KIPP Houston Knowledge Is Power Program

KIPP, Inc. (KIPP) meets the 20 Standards for Charity Accountability.

KIPP Houston public charter schools are committed to providing a college-prep education for students from under-served neighborhoods throughout Houston. For the 2011-2012 school year, 20 KIPP Houston schools, including eight early childhood/elementary schools, nine middle schools, and three high schools, will provide more than 7,000 students with a college-preparatory education based on hard work, a longer school day, week, and year, and the belief that all of us will learn. KIPP’s success is based on five educational pillars. Each is a common-sense reminder of the power of education; together, they are a formula for success. 1. More Time. KIPP students attend school from 7:30 am to 5:00 pm and complete at least two hours of nightly homework. Middle-schoolers and elementary students also attend one month of Summer Session. 2. Choice & Commitment. Students, parents, and faculty choose to join the KIPP Team by signing a Commitment to Excellence, thereby promising to each other to put in the time and effort required to achieve success. 3. Power to Lead. KIPP School Leaders have control over the school budget and personnel, allowing them to respond swiftly to meet the schools’ and students’ needs. 4. High Expectations. KIPP has clear and observable expectations for academic achievement and conduct that make no excuses for students’ backgrounds. KIPP reinforces a culture of support and success through formal and informal rewards and consequences. 5. Focus on Results. KIPP monitors student progress through a variety of informal and formal assessments and tailors instruction to meet student needs. The ultimate measure of KIPP's success is its alumni's enrollment in and completion of college.

For the fiscal year ended June 30, 2010, KIPP's program expenses were:

Instructional Program	41,251,891
Auxiliary Services	7,467,332
Total Program Expenses:	$48,719,223

Chief Executive : Michael Feinberg, Superintendent

Compensation*:

$147,336

Highest Paid Executive: Katy Hays,Assistant Superintendent for Institutional Advancement
Compensation*: $210,187

Chair of the Board: David Magdol
Chair's Profession / Business Affiliation: Managing Director, Main Street Capital Partners, LLC

Board Size: 12

Paid Staff Size: 700

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals

Fund raising costs were 2% of related contributions. (Related contributions, which totaled $57,360,189, are donations received as a result of fund raising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on KIPP's audited financial statements for the fiscal year ended June 30, 2010.

Source of Funds
Government Grants	48,000,665
Contributions	8,691,048
Program Service Fees	4,513,615
Special Events	826,403
Other Revenue	505,210
Interest Income	35,153
Cost of direct donor benefits	-157,927
Total Income	$62,414,167

Uses of Funds as a % of Total Expenses

Programs: 82%  Fund Raising: 2%  Administrative: 14%  Other Expenses: 2%

Total income				$62,414,167
	Program expenses			$48,719,223
	Fund raising expenses			1,077,581
	Administrative expenses			8,331,423
	Other Expenses			916,696
Total expenses				$59,044,923
Income in Excess of Expenses				3,369,244
Beginning net assets				12,405,603
Ending net assets				15,774,847
Total liabilities				111,338,145
Total assets				$127,112,992