2006 annual update
KIPPâ€™s History at a Glance 1994: KIPP (Knowledge Is Power Program) is
co-founded by teachers Mike Feinberg
and Dave Levin as a public-school program
for fifth-grade students from inner-city
1995: New York Board of Education and Houston
Independent School District invite Feinberg and Levin to expand their programs. In
response, they found the KIPP Academies in both Houston and New York.
2000: Doris and Donald Fisher, co-founders of Gap Inc., form a partnership with Feinberg and
Levin with the goal of replicating the model
and success of KIPPâ€™s two founding schools.
Together, they establish the KIPP Foundation.
2006: The KIPP network grows to 52 public schools
serving over 12,000 students in 16 states and the District of Columbia.
Dear Friends, Every weekday morning, over 12,000 students living in some of the most under-resourced communities in the United States make their way to a KIPP (Knowledge Is Power Program) school. Unlike millions of other American public school students, children who attend KIPP start their day at 7:30 a.m. and continue their studies until 5:00 p.m. They attend school every other Saturday and for a period of three to four weeks during the summer. All KIPP students, their parents or guardians, as well as their teachers have made the commitment to spending longer hours in school than our public educational system typically requires. Why? The reason is simple: the results demonstrate that increased instructional time coupled with highly effective teaching and learning, enables children to achieve at higher levels. In spite of these results, every year a Gallup poll reveals that 74 percent of Americans believe that the gap in academic achievement between children growing up in low-income households and those who do not is unrelated to the quality of education they receive. In fact, the general public believes that the absence of three main factors contributes to poor school performance: parental involvement, a strong home life, and interest on the part of low-income students.
in Houston and New York, to a network that now comprises 52 public schools based in 16 states and the District of Columbia. As we are fond of saying, “The actual proves the possible.”
At KIPP, we believe that children can succeed regardless of their family’s socioeconomic background or life circumstances, and we have built our network of schools around this fundamental conviction.
We are committed to disproving the widely held assumption that school cannot significantly impact the lives of low-income students. To that end, we are planning, over the next five years, to double the size of our network while continuing to improve the quality of education we offer to our students.
At KIPP, we have seen how more time spent working at school, an emphasis on college preparation, and a strong culture focused on character development enable KIPP students to achieve academic excellence and attain their goals. Every day, KIPP students, teachers, and school leaders demonstrate that through hard work, children growing up in America’s most under-resourced communities can change their reality and create a better life for themselves and us all.
In the annual update that follows, we will outline the highlights of 2006, the tremendous academic gains being made by our students, and our plans for expansion. We ask you to join us in this effort and we encourage you to visit a KIPP school near you. When you do, be prepared to be inspired.
In only five years, the KIPP Foundation has created a powerfully constructive example of what is possible in public education, having implemented an educational philosophy that has produced visible results. During this time, we have expanded our network from two founding schools, located
Richard Barth President and CEO KIPP Foundation 1
During the winter and spring of 2006, the
Over the next five years, KIPP plans to double
KIPP schools came together to review our
an expansion we believe will best enable us to
leadership of the KIPP Foundation and
accomplishments and to establish our goals for the future, along with a plan to achieve them.
the size of our network from 52 to 100 schools, continue to deliver on the promises we make to the students and families we serve.
We reaffirmed our primary commitment to
We resolve to engage only in those activities that
support a network of free, open-enrollment
quality of our schools. What follows are the results
fulfilling our mission: to continue to build and
public schools that prepare students for
success in college and life after college.
allow us to further our growth, while improving the of our work and a description of some of the core activities and initiatives for the year ahead.
Over 400 aspiring school leaders applied to the KIPP School Leadership Program in 2006.
= KIPP school
= KIPP transformation school 2
Schools KIPP Delta College Preparatory School
KIPP Heartwood Academy
KIPP TECH VALLEY
KIPP Academy Fresno
KIPP Summit Academy
KIPP Sankofa Charter School
KIPP Academy of Opportunity
KIPP Sunshine Peak Academy
KIPP Academy New York
KIPP DC: AIM Academy
KIPP AMP Academy
KIPP DC: KEY Academy
KIPP Infinity Charter School
KIPP DC: WILL Academy
KIPP STAR College Prep Charter School
KIPP South Fulton Academy
KIPP Reach College Preparatory
KIPP WAYS Academy
KIPP Tulsa College Preparatory
KIPP Ascend Charter School
KIPP Philadelphia Charter School
KIPP Lead College Prep Charter School
KIPP DIAMOND Academy
KIPP Indianapolis College Preparatory
KIPP Academy Nashville
KIPP Believe College Prep
KIPP Austin College Prep
KIPP Academy Lynn
KIPP TRUTH Academy
KIPP Ujima Village Academy
KIPP 3D Academy
KIPP Harbor Academy
KIPP Academy Middle School
KIPP Gaston College Preparatory
KIPP DREAM Prep
KIPP Pride High School
KIPP Houston High School
Freedom Academy, a KIPP school
KIPP Liberation College Prep
Rise Academy, a KIPP school
KIPP SHINE Prep
Helena, AR Fresno, CA
Los Angeles, CA
KIPP LA Prep
Los Angeles, CA
KIPP Bridge College Preparatory Oakland, CA
KIPP Adelante Preparatory Academy San Diego, CA
KIPP Bayview Academy San Francisco, CA
KIPP SF Bay Academy San Francisco, CA
San Jose, CA
San Lorenzo, CA Denver, CO
Washington, DC Washington, DC Washington, DC
South Fulton, GA Atlanta, GA Chicago, IL Gary, IN
New Orleans, LA Lynn, MA
Edgewater, MD Gaston, NC Gaston, NC
*KIPP Transformation Schools: Cole College Prep Denver, CO
McDonogh 15 School for the Creative Arts
New York, NY New York, NY New York, NY New York, NY
Oklahoma City, OK Tulsa, OK
Philadelphia, PA Memphis, TN Nashville, TN Austin, TX Dallas, TX
Houston, TX Houston, TX Houston, TX Houston, TX Houston, TX Houston, TX
TEAM Academy, a KIPP school Newark, NJ
KIPP Spirit College Prep Houston, TX
KIPP Aspire Academy San Antonio, TX
New Orleans, LA
New Orleans West (NOW) College Prep New Orleans, LA
* Transformation schools are existing public schools that KIPP has taken responsibility to improve over time.
The KIPP network is dedicated to preparing each of its students to succeed in college and life after college. Regardless of our individual roles in
fulfilling the KIPP mission, this unifying commitment pushes all of us at KIPP to undergo rigorous reflection, to identify challenges, and to seek
better ways to reach our collective goals. Bolstered by the KIPP Foundation’s leadership training program, professional development for teachers, and the sharing of best practices across the network, KIPP schools continue to strive for excellence. Among our top priorities for the 2006-2007
school year are strengthening our leadership training programs and raising the bar for English language arts student achievement.
School Leadership As the KIPP School Leadership Program is completing
Raising the Bar for English Language Arts Student Achievement
its seventh year in existence, we are simultaneously
A survey of KIPP Alumni revealed that an overwhelming 80
continually reevaluating the content and delivery
given them the best preparation, while English language
recognizing and building upon our successes and
mechanisms of our program, which offers training in
percent picked mathematics as the area where KIPP had
arts (ELA) ranked as the area where they felt least
instructional, organizational, and operational leadership
prepared by KIPP. Indeed our own data shows that while
to improve upon our world-class school leadership
achievements in mathematics are stronger.
to aspiring school leaders. Our goal is twofold: to continue
training, as well as to expand upon our program offerings. Looking ahead, we are focused on making sure we are
deepening the leadership capacity in our schools at all
levels and are particularly focused on ensuring we are
building the necessary bench depth to support strong
our students have posted outstanding gains in ELA, their
We are now in the process of identifying strategies to
improve upon KIPP’s methods for teaching strong reading
and writing skills, beginning with upper-middle school
grades and continuing through high school. One such
activity involves documenting and sharing the highly
effective reading and writing curriculum and practices
This year’s KIPP School Leadership Program enrolled 48
of KIPP STAR College Preparatory School (Harlem,
Twenty participants are future KIPP administrators and
Academy Middle School (Houston, TX); and KIPP Gaston
participants, 11 of whom are future KIPP school leaders.
17 are school leaders with educational organizations
partnering with KIPP, including Achievement First, the
NY); TEAM Academy, a KIPP school (Newark, NJ); KIPP College Preparatory (Gaston, NC). We believe that
the combination of professional dialogue among KIPP
Center for Charter School Excellence in New York City,
educators and focused action will enable us to provide all
Milwaukee College Prep, Noble Network of Charter
students for high school, college, and life.
Indianapolis Public Schools, Lighthouse Academies,
Schools, and Uncommon Schools. We have been able
KIPP schools with the tools needed to better prepare their
to do this thanks to The Broad Foundation, Doris and
Don Fisher, The Walton Family Foundation, and the US
Department of Education, who have all invested in KIPP’s
School Leadership Program.
Since the origin of KIPP, the two founding KIPP schools continue to exceed the college matriculation rates in their communities, with 80 percent of alumni who completed the eighth grade attending college.
“KIPP is a hungry and open-minded organization, willing to reconsider things that we once held as truth.” “We’ve had a good measure of success up to now, but we have to always ask ourselves how much better we can be doing. To be more successful, we may have to change. We simply can’t be complacent. We have to constantly assess everything we do. We don’t want to become attached to a particular way of doing something, rather than doing what’s really best for the kids. We like to think of our approach as that of a world-class athlete who constantly works to find the best way of making even the most incremental improvement in his or her performance. In baseball, for example, the difference between a .333 batting average and a .250 batting average, is one more hit for every 12 at-bats. The 1/12th factor, as we call it, marks the difference between a superstar and an average player. The difference between greatness and mediocrity is in the smallest of details and they must be attended to. This is how we try to work at KIPP. It’s what makes KIPP great. It’s what helps our kids build a better tomorrow for themselves and us all.” David Levin KIPP Co-founder Superintendent of KIPP NYC
Supporting Excellence through
Since its founding in 2000, the KIPP school network grew from two to 52 schools. During that time, KIPP has also dramatically increased the
number of communities we serve, from two to 36 communities, across 16 states and the District of Columbia. Looking ahead, the KIPP Foundation has committed to a growth plan that will lead to the doubling of the number of schools in our network over the next five years. Our first priority is executing a plan that will lead to better support for our schools and the kids they serve, ensuring that we are in a position to deliver on our
commitment to prepare our students for success in college, life, and in the years and decades ahead. We call this ‘Smart Growth,’ and central to this
plan are a few basic commitments: first, we
will open the majority of new schools within
the communities we already serve. Focusing on
regional growth, we support the development of
local resource centers that will provide critically
important support services, such as operations, facilities management, fundraising, and high-
school placement to each group of schools. This model will improve upon the quality of support services each school currently receives, and
more importantly, will ensure that our school
leaders are able to remain focused on student
achievement, professional development of
teachers, and the needs of families. At the close of the 2005-2006 school year, one in five KIPP
schools operated with the support of a local
resource center. By the end of the 2007-2008
school year, we expect to have the majority of our
schools benefiting from this kind of support.
The second commitment to our ‘Smart Growth’
effort is to expand beyond serving our kids solely during the middle-school years. Our experience
to date has convinced us that preparing our kids
for success in college and in life can be made less
challenging by starting earlier and staying with our students for more than four years.
Paving the way in our efforts are Washington,
DC; New Orleans, LA; Newark, NJ; New York,
NY; and Houston, TX. Over the next five years,
we expect to expand to over 35 schools in these
regions alone. In addition, local resource centers
are being created in Chicago, IL; Atlanta, GA; and
the San Francisco Bay Area. In the San Francisco
Elementary and High School Programs Elementary Programs
On average, our middle school students enter the fifth grade reading two grade
levels behind, a trend we are working to change. Given the success of KIPP SHINE
Prep (Houston, TX), the first early-childhood/elementary school, we see that we
are changing this trend by working with students earlier in their academic careers.
More than 95 percent of the students who are attending KIPP SHINE Prep entered
pre-K as non-readers, and more than half were non-native speakers (this indicates
they speak a language other than English at home). By the end of the school year,
students were performing above mid-year Kindergarten level in reading, writing,
and letter-naming fluency in both English and Spanish.
We would like to see more students excelling in school at an earlier age and imagine
limitless possibilities for those who do. As a result, we are committed to replicating
the success of KIPP SHINE Prep by creating additional elementary schools in existing KIPP communities.
High School Programs
A generous grant from the Bill and Melinda Gates Foundation in 2003 helped to
launch KIPP’s high school development program. The early results from our first two
high schools, KIPP Houston High School (KHHS) and KIPP Pride High School (Gaston,
NC), are promising. At KHHS, students reached 100 percent proficiency in English
language arts and 90 percent in mathematics on state tests, far outdistancing
district and state averages. KIPP Pride High reached 97 and 93 percent respectively
in English and mathematics, ranking the school among the top in the state. By
offering a college-preparatory curriculum which includes Advanced Placement,
college courses, and national and international summer programs, our students
are supported as they develop the skills necessary for independent study and the
academic rigors of college education. New Site Development
Responding to frequent inquiries from communities asking, “How can we bring a
KIPP school to our community?” the KIPP Foundation released its first ever New Site Development Request for Proposal (RFP) in the summer of 2006.
Bay Area, KIPP schools have already begun to
Six competitive proposals were received, and the cities proposals of Columbus, OH
applications, fundraising, and facilities planning.
interest and support captured in their proposals. Both of these communities
work collectively on activities such as charter
and Minneapolis/St. Paul, MN were selected based on the broad-based community
have committed to opening multiple KIPP schools over time starting in 2008, all
supported by a strong local resource center. 6
test results of students attending KIPP Pride High School in Gaston, NC place the school among the top performing within the state.
“Attending KIPP Pride High School has left an impact on me beyond what words can say. ” “After coming from a school where expectations were low and becoming valedictorian was a simpler task then it sounds, I thought I could zoom through any college. KIPP Pride High School proved me wrong and opened my eyes to a world that most teens living where I live will never see. I now know there is so much more that I must do and learn in order to earn acceptance to the college of my choice. My peers and I are being empowered with the skills and traits of the leaders who have changed our world. KIPP changes students and the way they view education. A student could come in with plans of dropping out and in one day at KIPP, know the college that they WANT to attend. A student could enter our school apathetic or unprepared and become a motivated student who knows where they want to go to college and how they want to positively impact our world.” Joshua Sophomore at KIPP Pride High School Gaston, NC
“KIPP takes the extra step to help students achieve.” “With the support from my teachers, I can maximize my time, allowing me to play sports, do internships, and have experiences I wouldn’t have anywhere else. Experiences like these help me identify where I want to go to college and what I want to study. The KIPP environment has given me the confidence to reach for more. I have grown more at KIPP Houston High School than I have anywhere else. I have also witnessed my sister, a first grader at KIPP SHINE Prep, receiving the education she needs to excel. It is easy to see that the more time KIPP has with kids, the better it can serve them. She will do much better than other kids because she is learning what she’s supposed to at a younger age.” Navid Junior at KIPP Houston High School Houston, TX
At KIPP, we measure our progress both throughout and at the end of each school year.
Existing efforts enabling us to do this include: : School inspections, which allow our schools
to conduct ongoing improvement planning;
: School data collection and analysis, which also supports school improvement. The
School Inspections School inspections guide our schools toward ongoing improvement, and they help
the KIPP Foundation identify those schools employing strategies with positive
end results as well as those requiring extra support. Additionally, inspections have
helped us identify further opportunities for the KIPP Foundation to improve our
results of the analyses are disseminated to
schools’ ability to serve students. Such initiatives include strengthening the training
The KIPP Report Card; and
planning, and other efforts supporting sustainability.
the public via an annual publication called
: Third-party studies, which provide an unbiased evaluation of our progress.
we provide school leaders and staff around school operations, finance, succession
School Data Collection and Analysis
These programs hold us accountable, help us to
With the support of a grant from the Michael & Susan Dell Foundation, our Analysis
in maintaining our relentless focus on results.
and analyzing school information and student performance data. Our work over the
achieve excellence within our schools, and assist us
and Improvement Services team has made promising strides in collecting, storing,
last year has bolstered our ability to identify key trends in academic achievement. In addition, we have introduced a web-based reporting tool that enables KIPP schools to access and analyze individual student performance data and to monitor overall
school progress. Our efforts to collect targeted data about our schools and students
for the purpose of strengthening school and student performance will continue
over the next year.
Third-party Studies In 2006, SRI International released a report marking the end of the first year in a
three-year evaluation, highlighting key findings related to the learning environment
and student achievement at the five KIPP San Francisco Bay Area schools in
Northern California. The study, supported by a grant from The William and Flora
Hewlett Foundation, found that “Based on publicly available California Standards Test (CST) data for two years, the percentage of students scoring proficient or
above is consistently higher for KIPP schools than for comparable schools in the
neighborhood, in a few cases, dramatically so.”
Independent, third-party reports offer insight into what works well at KIPP schools,
while identifying areas for further improvement. In 2007, we will seek to identify an
independent organization to carry out a long-term, scientifically-based evaluation.
Thanks to funding from The Atlantic Philanthropies Services, we will be able to
commission a study, which will examine the true impact KIPP has on the students
we serve – something we call the “KIPP effect” – as well as help us understand how
we can strengthen the quality of education we are providing our students.
In the summer of 2006, Nine new KIPP schools opened in Washington, DC; Gary, IN; New Orleans, LA; Newark, NJ; and Houston, TX.
“The fifth-year KIPP Inspection experience greatly benefited the teachers and students of KIPP 3D Academy. ”
“We very much enjoyed both the recognition of our successes and the critical feedback delivered by
the experienced and knowledgeable British and KIPP inspectors. From their feedback, we at KIPP 3D,
together with our teachers and a curriculum consultant, developed an audacious set of goals to solidify our curriculum and strive towards assuring excellent instruction in all classrooms. While the inspectors
identified many of the problems of which we were already aware, they articulated our deficiencies in a
frank, clear manner, and offered a myriad of strategies and solutions toward school improvement—many of which we have followed. As a result, nine months later, we have had our best year of professional development. Our new teachers have never been better prepared for the beginning of school and our returning teachers are very much motivated to refine a school-wide vertically aligned curriculum and set of structures that will allow KIPP 3D Academy to best serve the students of Northeast Houston for decades to come.”
Dan Caesar School Leader KIPP 3D Academy Houston, TX
the KIPP Network
Over the next five years, the KIPP Foundation must be prepared to serve a network of more than 100 schools. It is critical for KIPP to continue investing in the development of our infrastructure and talent in order to remain a viable organization. This year, the KIPP Foundation has set priorities that will enable us to build upon our success and create an organization consistent with the scope of our aspirations.
At the Foundation, our priorities include:
Local Boards of Directors
: Building a diverse leadership team that
Each KIPP school or regional cluster of schools is governed by its own board. Our
: Re-engineering our performance review
the evaluation of school performance, and for ensuring proper systems of
models our core values.
process and utilizing “360-degree” feedback systems for all managers to ensure
accountability and performance across the entire organization.
: Diversifying our funding base so that no single donor accounts for more than 20
percent of our annual funding. While KIPP
has made tremendous strides in obtaining
financial support in addition to the $40
million in total donations granted to us by
Doris and Donald Fisher, co-founders of the
Gap Inc. , there is more progress to be made.
: Building scalable information technology
systems to improve the collection, storing, and sharing of data and information with our schools, as well as to meet internal
availability, security, and performance targets.
Thanks to a partnership with New Profit, the national
venture philanthropy fund, we are working with The
Monitor Group to address key network decision rights
issues with respect to the governance, expansion, and
evaluation of schools.
local boards are responsible for determining the feasibility of school expansion,
governance and financial oversight.
To support and strengthen these local boards, we have launched key initiatives
aimed at building a community of board members who share best practices
and who have access to training and resources that foster effective governance
practices. In February 2007, 42 board members represented the 36 operational
KIPP school boards at the inaugural KIPP Board Chairperson’s Retreat in Chicago,
IL. It is estimated that board member attendance at the 2007 KIPP School
Summit will more than double last year’s 30 attendees. Other key initiatives
include a monthly electronic newsletter (the KIPP Board Bulletin), a board
website and resource library, and quarterly web seminars on topics of interest
to the local board community. Business Operations Training
Until recently, KIPP has invested heavily in the development of school leaders
and teachers, with less emphasis on our business operations community. In the coming year, we will seek to balance the two, recognizing that both elements
are critical to our long-term success. KIPP schools have particularly challenging
growth plans, as they are required to double in size during their first year in
operation and add one grade level each subsequent year until reaching full
capacity. We recognize that the strain associated with the annual growth plan
of KIPP schools can be minimized with the collective help of the KIPP network. KIPP’s seasoned business operations community includes more than 90 Chief Financial Officers, Chief Operating Officers, Business Administrators, and
Office Managers from a wide range of industries. These individuals manage
critical non-academic functions that help to sustain our schools. They are
now able to connect with one another through regional training programs,
quarterly conference calls, and web seminars. KIPP Foundation staff is building
a web portal for resource sharing, identifying shared vendors and negotiating
favorable contracts, as well as defining standards for operational excellence.
We see this as a key initiative for our network, and one that will allow our
schools to focus even more intensely on the needs of our students.
Over 200 stories were highlighted in the media about the academic accomplishments of KIPP students.
“Each year, Doris and I continue to become even more excited about the potential of KIPP with the hope that KIPP will demonstrate that under-served kids are as capable of achieving at the same level as those who are not.” “We also hope that KIPP will have a positive influence on the greater
system so as to raise the educational quality for all kids in public school. To that end, Doris and I received a letter from Ryan Hill, Executive
Director of TEAM Academy, a KIPP school in Newark, NJ, that confirms the importance of our commitment to KIPP. In his letter to us, Mr. Hill shared the following story:
On September 8, 2006, one of our students walked into a
classroom at a boarding school in Connecticut for the first
time. This student was born homeless and lived in a car until
she was two years old. Throughout her school age years, she had overcome obstacles that would have stopped almost anyone in their tracks. But not this young woman. Her
desire to design buildings had her reading The Fountainhead as I drove her to school each morning and home each night. She is now taking classes at a high school that will prepare
her for any school of architecture in the country. This student stuns people with her intelligence, her humor, and her ease with people of all ages and all kinds, she will be able to do anything she wants with her life.
Mr. and Mrs. Fisher, I am sure that like our school, every KIPP
school has dozens, if not hundreds of students like her. You
have paved the way for an organization that I truly believe will one day alter forever the life prospects of all of our nation’s students.
Doris and I want to make sure that all kids have the opportunity to
become successful. We can see that KIPP schools are achieving this impact with their students.”
Doris and Donald Fisher Co-founders of Gap, Inc.
Over the last four years, the KIPP Foundationâ€™s budgeted operating expenses have increased from $10.2 million to $13.7 million. As illustrated
by the graph below, this modest increase occurred at the same time that the network nearly doubled in size from 27 to 52 schools. During this
period of growth, the academic results achieved by KIPP schools have been their strongest ever. During the 2005-2006 school year, our fifth grade
students posted stronger academic gains than during any other year in our history, and our schools in Helena, AR; San Lorenzo, CA; Washington,
DC; Baltimore, MD; Northampton County, NC; Bronx, NY; and Alum Rock School District in San Jose, CA were the highest performing non-selective public middle schools in their communities.
The KIPP Foundationâ€™s efforts to grow our network
of schools are supported by a growing number of
investors. Doris and Donald Fisher, our co-founders,
have provided 60 percent of the Foundationâ€™s
3CHOOLS 4RANS 3CHOOLS
operating capital during the first five years, with
grants totaling approximately $40 million. Thanks to
their generous support, the KIPP network stands at 52
3CHOOLS 4RANS 3CHOOLS
schools today. Other key supporters have also played
critical roles in the growth of the KIPP network. The
Walton Family Foundation, Bill and Melinda Gates
Foundation, The Broad Foundation, Michael & Susan
Dell Foundation, and Jack Kent Cooke Foundation have
all made critically important contributions to KIPP.
In January of 2006, a five-year funding diversification effort was launched, aimed at expanding our base of
supporters. Our goal is to ensure that no single source
+)00 &OUNDATION /PERATING %XPENSES
of funding accounts for more than 20 percent of our revenues. At the time of this reportâ€™s publication,
REPRESENTS BUDGETED EXPENSES
several new investors have taken leadership roles
in this diversification effort. Most prominently, The Atlantic Philanthropies and Robertson Foundation awarded multi-year grants of $14.6 million and $8 million respectively.
Over the next five years, the KIPP Foundation will also benefit from annual increases in the fee revenues
collected through license agreements with KIPP
schools, registration for key conferences, and tuition
for those attending the KIPP School Leadership
Institute. In 2006-2007, fee revenues are expected to total nearly $800,000.
Supplemental Schedule of Operating Revenues and Expenses (unaudited) For the Year Ended June 30, 2006
Revenues, Gains and Support:
Statement of Financial Position (unaudited) Assets Current Assets: Cash and cash equivalents
Contributions Federal grant
Service fee income
Loss on sale of assets
Program loans receivable
Federal grants receivable
Notes receivable, current portion, net of allowance of $144,314 and $13,600, respectively
Total current assets Notes Receivable, net of current portion
Furniture and Equipment, net of accumulated depreciation of $306,320 and $211,751, respectively
On-going school support
Research and improvement
Total program services
Lines of credit
Fundraising Total support services Total Operating Expenses
Due to schools
Capital leases, current portion
Note payable, current portion
Unearned service fees
Total current liabilities
Changes in Total Net Assets
Changes in Operating Net Assets KIPP Grants to Schools
Liabilities and Net Assets
Contributions receivable, current portion
Contributions Receivable, net of current portion
Cash and cash equivalents - held for KIPP schools
Cash and cash equivalents - restricted
Total revenue, gains, and support
Capital Leases, net of current portion
Note Payable, net of current portion Total liabilities
Net Assets: Unrestricted net assets Temporarily restricted net assets Total net assets Total liabilities and net assets
366,071 7,085,303 7,451,374 $ 13,162,731
The KIPP Foundation is in the first year of a five-year campaign to
diversify our funding base as we grow our network from 52 to 100 schools. To do so, we need your help.
Please visit us at www.kipp.org.
We would like to thank the following for their contribution to the KIPP Foundation. $5,000,000 and above
Richard Barth and Wendy Kopp
Jonathan and Miriam
George and Leslie Hume
John and Amy Buonassisi
Doris and Donald Fisher,
Gage Family Foundation
The John and Lisa Pritzker Family Fund
Richard and Mary Elizabeth Barth
Jack Kent Cooke Foundation
John and Marcia Bishop
$1,000,000 to $4,999,999 Broad Foundation
Michael & Susan Dell Foundation
Bill and Melinda Gates Foundation
Leslie and Walter Burlock Foundation
Montgomery Kersten and Sheryl Heckmann
Thomas and Susan Dunn
David and Amy Kopp
Janet Hayes Davis Foundation
Bari Lipp Foundation
The Curtis L. Carlson Family
MGM Mirage Voice Foundation
Hellman Family Foundation
New Profit, Inc.
$25,000 to $99,999 Foundation
Robin Hood Foundation
Select Equity Group Foundation State Farm Companies Foundation
The Stuart Foundation
Arthur Rock and Toni Rembe Rock
$100,000 to $999,999
Reed Hastings and Patty Quillin
John and Jean Roberts Shoshana Rosenbaum
The City Bridge Foundation
The Walton Family Foundation
Bill and Liebe Patterson
Edwin and Penelope Kilburn
The Annie E. Casey Foundation
Mark and Patricia Costello
Robert and Dana Emery
Sean Fieler and Ana Cecilia
Joel and Jeri Finard
Robert and Elizabeth Fisher
The San Francisco Foundation Carlos Schonfeld Pramit Sheth
Sankaran Srinivas Staples
Steel House Sarah Stein
Elizabeth Stroud Kerim Taner
Richard Tarlowe Ralph Tate
Arun and Ellen Trikha
Bruce Tuckman and
John and Laura Fisher
William and Sako Fisher
David and Mieka Wick
Foster and Lynn Friess
Brian Osias 14
Nicole Wheeler Tom Wick
KIPPâ€™s fifth grade class of 2005-2006 achieved the largest academic gains made by KIPP students since 1995.
While most KIPP students enter fifth grade at the second or third grade level in reading and mathematics,
the average KIPP student finishes the first year performing nearly on grade level in reading and language and performing well above grade level in mathematics. By the end of sixth grade, the average KIPP student performs above grade level in all subjects. KIPP Foundation Board of Directors: Donald Fisher, Chairman
Founder and Chairman Emeritus, Gap, Inc.
Reed Hastings Founder and CEO, Netflix, Inc.
Richard Barth, President CEO, KIPP Foundation
Shawn M. Hurwitz President and CEO, MAXXAM Property Company
Mike Feinberg KIPP Co-founder and Superintendent, KIPP Houston
Dave Levin KIPP Co-founder and Superintendent, KIPP New York
Doris Fisher Founder, Gap, Inc.
Michael L. Lomax President and CEO, United Negro College Fund
John Fisher President, Pisces, Inc.
Tracy McDaniel Founder and Principal, KIPP Reach College Preparatory
Scott Hamilton KIPP Co-founder and Senior Research Fellow, Thomas B. Fordham Institute
Mark Nunnelly Managing Director, Bain Capital
Our Vision: All schools will help children develop the knowledge, skills, character, and habits necessary to achieve their dreams while making the world a better place.
Our Mission: The mission of the KIPP Foundation is to create a respected, influential, and national network of public schools that are successful in helping students from educationally under-served communities develop the knowledge, skills, and character needed to succeed in college and the competitive world beyond.
: KIPP schools are tuition-free, open-enrollment public schools committed
to helping under-served students develop the knowledge, skills, and
character required to succeed in leading high schools and colleges,
as well as the competitive world after college.
: KIPP schools share a core set of operating principles known as the Five
Pillars: High Expectations, Choice & Commitment, More Time, Power to Lead, and Focus on Results.
: Admission to KIPP schools is granted to students regardless of prior
academic record, conduct, or socioeconomic background.
: Over 90 percent of KIPP students are African American or Latino/Hispanic.
Over 80 percent are eligible for the federally reduced meal program.
: A typical KIPP school day begins at 7:30 a.m. and ends at 5:00 p.m.
Students are also expected to attend school for four hours every other
Saturday and for three weeks during the summer.
: The KIPP Foundation recruits, trains, and provides support to outstanding
teachers seeking to establish free, open-enrollment college-preparatory public schools in Americaâ€™s most under-resourced communities. Each school receives ongoing academic, legal, and financial support from the KIPP Foundation.
: The KIPP network comprises 52 schools, 48 of which are middle schools
serving students in grades five through eight. The network
also includes two high schools and two elementary schools.
: Each new KIPP school opens with a class of only one grade level. Each
year thereafter, an additional grade level is added to the student body
until the school is serving all grades that comprise an elementary, middle,
or high school.
For more information about KIPP, please visit www.kipp.org.
Published on Mar 1, 2012