Kipp Socal Public Schools

Nonprofit profile at a glance

EIN
261607268
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Los Angeles, CA, USA
Phone
2134894461
Rating
92
Verdict
STRONG
Rating confidence
Standard
Sector
Charter Schools

Official website

Reported finances

Revenue
$233,016,870
Expenses
$227,062,534
Assets
$465,121,740
Liabilities
$319,864,132

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • KYLE SALYER (INTERIM CEO(JULY 24 THRU FEB 25)&CFO)
  • ANGELLA MARTINEZ (CEO)

Highest reported compensation

  • KYLE SALYER (INTERIM CEO(JULY 24 THRU FEB 25)&CFO): $364,643 total reported compensation
  • ANGELLA MARTINEZ (CEO): $299,770 total reported compensation
  • MICHELLE ROJAS-SOTO (TALENT AND EQTY OFFICER): $260,663 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Together with families and communities, we create joyful, academically excellent schools that prepare students with the skills and confidence to pursue the paths they choose - college, career and beyond - so they can lead fulfilling lives and create a more just world.

What it reported doing in 2024

Kipp socal public schools operates public charter schools under charters granted by various authorizers. The charter schools provide educational opportunities to surrounding communities. Kipp socal public schools currently operates 20 tuition-free schools, educates approximately 10,000 students and supports an additional 6,800 alumni to and through college.

Operating model

Revenue model
Grant-funded. 93% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 52
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.8%; rating input score 92
  • Program expense ratio: 92%; rating input score 92
  • Fundraising efficiency: $113 raised per $1 spent on fundraising; rating input score 85; 85th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.6%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 2.05; rating input score 64; 64th percentile among comparable filings
  • Liabilities to assets ratio: 0.69; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 0.9%; rating input score 77; 77th percentile among comparable filings

Growth

  • Program expense growth: 15.6% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 14.4% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: 21.5% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 91.8% of revenue deployed · 92% of spending went to programs
  • Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $208.9M in reported program spending
  • Leadership: top reported pay $365K · 16 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $5.9M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 8 filed schedules · includes executive pay and related organizations
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 46/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.