KIPP Academy 2011-12 Annual Report

7/31/2019 KIPP Academy 2011-12 Annual Report

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TableofContentsSchoolInformationandCoverPage............................................................................................................. 1NewYorkStateReportCard ........................................................................................................................ 3CharterRevisions ......................................................................................................................................... 4RequiredForms:Appendices........................................................................................................................ 5AppendixA:ProgressTowardCharterGoals 5AppendixB:InstructionalTimetable 6AppendixC:TotalExpendituresandAdministrativeExpendituresperChild 7AppendixD:UnauditedFinancialStatements 8AppendixE:FY2013BudgetandNarrative 10AppendixF:DisclosureofFinancialInterestForm 12AppendixG:BoardofTrusteesMembershipTable 25AppendixH:EnrollmentandRetentionTargets 26

KIPP Academy 2011-2012 Annual Report 2


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CharterRevisions

Duringthe201112year,KIPPAcademydidnotmakeanymaterial/nonmaterialrevisionstoitscharter.



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AppendixA:ProgressTowardCharterGoalsThissectionwillbesubmittedinaccordancetothetimelineandguidelinessetforthbytheBoardof

Regents.



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AppendixB:InstructionalTimetable201112InstructionalTime

Totalnumberofinstructionaldaysforthe201112schoolyear 193

Firstandlastdayofthe201112schoolyearFirst:

7/11/2011

Last:6/22/2012

Lengthofschoolday(pleasenoteifschedulevariesthroughoutthe

weekortheyear)

GradesK2

7:15am4:00pm

MondayThursday

7:15am3:30pm

Friday

9:00am11:00amOne

Saturday/Month

8:00am

12:00pm

Summer

School

Grades58

7:25am4:30pm

MondayThursday

7:25am3:30pm

Friday

9:00am12:30pmSelected

Saturdays

8:00am2:30pmSummer

School

Grades911

7:55am4:30pm

Monday,Tuesday,Thursday

7:55am3:15pm

Wednesday

7:55am3:00pmFriday

9:00am1:00pmTen

SaturdaySchoolDays



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AppendixC:TotalExpendituresandAdministrativeExpendituresPerChildFiscalYear2011 2012

UnauditedActuals

Elementary Middle High1

TOTAL

TotalEnrollment 301 264 130 695

TotalExpenditures 3,648,199 4,250,452 2,338,834 10,237,485AverageExpendituresPerPupil 12,136 16,092 17,984 14,734

TotalAdministrativeExpenditures 1,156,610 1,206,943 717,171 3,080,724GeneralAdministrationSalaries 727,550 813,383 489,177 2,030,110GeneralAdministrationExpenditures

2429,060 393,560 227,994 1,050,614

AverageAdministrativeExpendituresPerPupil 3,848 4,569 5,514 4,434

2General Administration Expendituresrepresents the SharedServices Teamadministrationfee.

1Represents KIPPAcademy'sportion ofKIPPNYCCollege PrepHigh School.Allocationi s ba s e don the numberofKIPPAcademy

students relativetototal highschool enrollment.



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AppendixD:UnauditedFinancialStatements

UnauditedActuals

FiscalYear2011 2012

Academy

Total

TotalEnrollment 695

REVENUES:

PrivateFunding 383,378

PerPupilRevenue Regular&SPED 10,506,138

TitleFunds 251,655

FederalGrants

State&CityGrants 15,404

ERate 40,258

OtherIncome 57,266

RevenueEliminations(SST)

TOTALREVENUES 11,254,099

PERSONNELSERVICEEXPENDITURES(PS):

Salaries&Wages 5,881,822

Bonuses

HealthInsurance 642,951

RetirementBenefits 662,395

PayrollTaxes 434,108

MiscellaneousBenefits 24,503

TOTALPSEXPENDITURES 7,645,779

OTHERTHANPERSONNELSERVICEEXPENDITURES (OTPS):

ClassroomInstruction

Equipment&Beautification 115,285

Instructional Supplies&Materials 76,774

StudentSupplies&Materials 144,624

AcademicProgramming 165,110

TotalClassroomInstruction 501,793

Instructional SupportServices

LocalFieldLessons 26,416

OutofStateFieldLessons 188,695

Performance &SpecialEvents 55,898

Staff&BoardDevelopment 140,680

TechnologyEquipment&Services 289,100

TotalInstructional

Support

Services 700,789

AlumniSupport&Programming

TuitionAssistance

EducationalSupport

InternshipProgram

LifeSupport&Loans

AlumniProgramming

TotalAlumniSupport&Programming



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Professional Services

Consultants 43,960

KIPPLicensingFee 39,265

AccountingFees 2,776

LegalFees

AuditFees 26,481

CCProcessing

&

Bank

Fees 1,894

PayrollFees 32,407

TotalProfessional Services 146,783

BuildingServices

BuildingPermits&Rent 2,190

Utilities

Maintenance

DebtService

Insurance 103,988

TotalBuildingServices 106,178

School&ProgramStartUp

BuildingContractors 50,291

Relocation&Moving 8,296

BuildingRehab

TotalSchool&ProgramStartUp 58,587

Support&Administration

SharedServicesFee 1,050,614

Depreciation 27,894

AMEXMissingReceipts (932)

ExpenseEliminations(SST)

TotalSupport&Administration 1,077,576

TOTALOTPS

EXPENDITURES 2,591,706

TOTALPS&OTPSEXPENDITURES 10,237,485

Surplus/(Deficit): 1,016,614

CostPerStudent:

CASHFLOWADJUSTMENTS

OperatingActivities

CapitalInvestmentActivities

FinancingActivities

TOTALCASHFLOWADJUSTMENTS

NetSurplus/(Deficit): 1,016,614

FundraisingNeed:

1RepresentsKIPPAcademy'sportionofKIPPNYCCollegePrepHighSchool.

AllocationisbasedonthenumberofKIPPAcademystudentsrelativetototalhighschool

2Fractional staffare du e tothe sharingofFTEs across KIPPNYCschools a nd programs.



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AppendixE:FY2013BudgetBudgetSummary

FiscalYear2012 2013

Elementary Middle High1

TOTAL

Total

Enrollment 366 262 201829

TotalFT&PTS2

41.39 32.06 28.70 102.15

REVENUES:

PerPupilRevenue Regular&SPED 5,410,203 3,782,415 2,970,736 12,163,354

TitleFunds 183,000 131,000 100,500 414,500

FederalGrants

State&CityGrants

ERate 112,829 65,798 51,859 230,487

OtherIncome 10,000 25,000 28,714 63,714

RevenueEliminations(SST)

TOTALREVENUES 5,716,032 4,004,213 3,151,810 12,872,055

PERSONNELSERVICEEXPENDITURES (PS):

Salaries&Wages 3,088,281 2,683,994 2,234,538 8,006,813

PotentialIncreaseinTeacherPay3

137,308 112,046 94,760 344,113

HealthInsurance 386,330 344,829 185,701 916,859

RetirementBenefits 385,779 742,690 342,523 1,470,991

Payroll Taxes 226,665 188,813 152,220 567,698

MiscellaneousBenefits 34,381 25,040 29,188 88,609

TOTALPSEXPENDITURES 4,258,744 4,097,411 3,038,929 11,395,084

OTHERTHANPERSONNELSERVICEEXPENDITURES (OTPS):

ClassroomInstruction

Equipment

&

Beautification 51,000

20,000

44,507

115,507

InstructionalSupplies&Materials 70,750 37,000 38,046 145,796

StudentSupplies&Materials 90,200 45,500 65,325 201,025

AcademicProgramming 175,959 27,310 110,705 313,974

TotalClassroomInstruction 387,909 129,810 258,584 776,303

InstructionalSupportServices

LocalFieldLessons 16,000 22,500 16,941 55,441

OutofStateFieldLessons 133,000 77,529 210,529

Performance&SpecialEvents 22,500 23,500 91,599 137,599

Staff&BoardDevelopment 138,782 27,615 63,782 230,178

TechnologyEquipment&Services 302,305 154,922 132,596 589,823

Total

Instructional

Support

Services 479,587

361,536

382,447

1,223,570

AlumniSupport&Programming

TuitionAssistance

EducationalSupport

InternshipProgram

LifeSupport&Loans

AlumniProgramming

TotalAlumniSupport&Programming



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ProfessionalServices

Consultants 45,790 5,085 57,137 108,012

KIPPLicensingFee 30,000 8,614 38,614

AccountingFees

LegalFees

AuditFees 7,505 5,373 4,765 17,643

CCProcessing

&

Bank

Fees

PayrollFees 18,458 15,364 13,119 46,940

TotalProfessionalServices 101,754 25,821 83,635 211,210

BuildingServices

BuildingPermits&Rent 8,000 2,297 10,297

Utilities

Maintenance 175,000 175,000

DebtService

Insurance 37,238 30,147 24,448 91,834

TotalBuildingServices 220,238 30,147 26,746 277,131

School&

Program

Start

Up

BuildingContractors 15,000 24,407 39,407

Relocation&Moving 5,000 5,000

BuildingRehab

TotalSchool&ProgramStartUp 15,000 5,000 24,407 44,407

Support&Administration

SharedServicesFee 559,320 391,341 307,124 1,257,785

Depreciation 2,434 753 12,343 15,529

AMEXMissingReceipts

ExpenseEliminations(SST)

TotalSupport&Administration 561,754 392,094 319,466 1,273,314

TOTALOTPSEXPENDITURES 1,766,242 944,409 1,095,284 3,805,934

TOTALPS&OTPSEXPENDITURES 6,024,986 5,041,819 4,134,213 15,201,018

Surplus/(Deficit): (308,954) (1,037,606) (982,403) (2,328,963)

CostPerStudent: 16,462 19,244 20,568 18,337

CASHFLOWADJUSTMENTS

OperatingActivities 2,434 753 12,343 15,529

CapitalInvestmentActivities (500,000) (2,986) (502,986)

FinancingActivities

CashFlowEliminations(MH)

TOTALCASHFLOWADJUSTMENTS (497,566) 753 9,356 (487,457)

NetSurplus/(Deficit): (806,521) (1,036,853) (973,046) (2,816,420)

2Fractional staffare du e tothe sharingofFTEs acrossKIPPNYCschools an dprograms.

1Represents KIPPAcademy'sportion ofKIPPNYCCollege PrepHighSchool.Allocationi s ba s e don the numberofKIPPAcademy

studentsrelative tototal highschool enrollment.

3Instructorsalaries are ba s e don the UFTcontractwithNew YorkCity,whichexpiredon October31,2009.The cityan dthe UFTa re

stil l in negotiations fora ne wcontract,whichcouldincrease instructorsalaries byan estimated5%.



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AppendixF:DisclosureofFinancialInterestForms



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AppendixG:BoardofTrusteesMembershipTableCurrentBoardMembers

TrusteeNameand

EmailAddress

Positiononthe

Board(e.g.,

Officersor

constituent

representatives)

Committee

affiliation(s)

Voting

Member

(Yes/No)

Areaof

expertise,

and/or

additionalrole

atschool

(parent,staff

memberetc.)

Numberofterms

servedand

lengthof

each

(1

year=1term),

includingdateof

electionand

expiration

(currentterm)

DavidB.Massey Chair Audit

Committee

Yes 10Years

6/20116/2012

WhitneyTilson Treasurer Audit

Committee

Yes 10Years

6/2011

6/2012

AmyL.Robbins Yes 8Years

6/20116/2012

DawnM.Palo Auditand

Development

Committees

Yes 3Years

6/20116/2012

AmyGriffin Yes 2.5Years

6/20112/2012

PhillipMactaggart Yes 1.5Years

6/20116/2012

TotalMembersjoiningtheboardthe20112012schoolyear 0

TotalMembersdepartingtheboardduringthe20112012schoolyear 1



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AppendixH:EnrollmentandRetentionTargetsKIPPAcademyandthegreaterKIPPNYCnetworkofcharterschoolsiscommittedtoenrollingand

retainingstudentswithdisabilities,EnglishLanguageLearners,andstudentswhoareeligibleforthefree

orreduced

price

lunch

program.

Our

recruiting

efforts

specifically

target

students

in

high

needs

communitiesinNewYorkCity,andemployeffortsthatwehavefoundtobeeffectiveinenrolling

studentsinthesepopulations. Theserecruitingeffortshaveincludedleveragingthenetworksofthe

KIPPstudents,theirfamilies,andKIPPalumniaswellasthatofteachersandstafftospreadtheword

aboutKIPPAcademyseducationalprogrammingandclassopenings. Additionally,wehavepartnered

withcommunityorganizationssuchaslocalplacesofworship,afterschoolprograms,daycarecenters,

immigrationcenters,YMCAs,andboysandgirlsclubsforassistanceinrecruitingefforts. Tospecifically

targetfamilieswithlimitedEnglishproficiency,werecruitusingbilingualmaterialsandbilingualstaff

members. Moreover,ourlotteryprocessgivesanabsolutepreferencetostudentseligibleforthefree

andreducedpricelunchprogram.

KIPPAcademyisfocusedonretainingallstudents. Weprovidehighqualityandhighlystructured

educationalprogrammingtailoredtotheneedsofstudents. Parentsandfamiliesarekeptinformedof

theirchildsperformanceandprogressthroughperiodic,bilingualcommunications,andhaveaccessto

theirchildsteacherscellphonenumber. Inadditionwesurveystudents,families,andteachersto

gaugethe

health

of

our

schools

and

to

ensure

that

our

educational

programming

is

meeting

and

exceedingtheneedsofourstudents. Furthermore,weleveragebestpracticesfromKIPPschoolsacross

thecountrytoincreasestudentretention.

Weplantocontinuetoutilizethesesamerecruitingandstudentretentioneffortsinfutureyears.

KIPP Academy 2011-12 Annual Report

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