Table of Contents  

School Information and Cover Page ............................................................................................................. 1 
New York State Report Card  ........................................................................................................................ 3 
Charter Revisions  ......................................................................................................................................... 4 
Required Forms: Appendices ........................................................................................................................ 5 
Appendix A: Progress Toward Charter Goals 

Appendix B: Instructional Timetable 

Appendix C: Total Expenditures and Administrative Expenditures per Child 

Appendix D: Unaudited Financial Statements 

Appendix E: FY 2013 Budget and Narrative 

10 

Appendix F: Disclosure of Financial Interest Form 

12 

Appendix G: Board of Trustees Membership Table 

25 

    Appendix H: Enrollment and Retention Targets 

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2

New York State Report Card 
 
KIPP Academy’s 2010‐11 New York State Report Card can be accessed online here:   
https://reportcards.nysed.gov/schools.php?year=2011&instid=800000034168 
 
 

KIPP Academy 2011-2012 Annual Report

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Charter Revisions 
 
During the 2011‐12 year, KIPP Academy did not make any material/non‐material revisions to its charter.   
 
 

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Appendix A: Progress Toward Charter Goals 
 
This section will be submitted in accordance to the timeline and guidelines set forth by the Board of 
Regents. 
 
 

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Appendix B: Instructional Timetable 
 
2011‐12 Instructional Time  
193 

Total number of instructional days for the 2011‐12 school year 

First: 7/11/2011 
Last: 6/22/2012 

First and last day of the 2011‐12 school year 
Length of school day (please note if schedule varies throughout the 
week or the year) 

Grades K‐2 
7:15am – 4:00 pm 
Monday – Thursday 
7:15am – 3:30pm  
Friday 
9:00 am – 11:00am One 
Saturday/Month 
8:00am – 12:00pm Summer 
School 
Grades 5‐8 
7:25am – 4:30 pm 
Monday – Thursday 
7:25am – 3:30pm 
Friday 
9:00 am – 12:30pm Selected 
Saturdays 
8:00am – 2:30pm Summer 
School 
Grades 9‐11 
7:55am – 4:30 pm 
Monday, Tuesday, Thursday
7:55am – 3:15pm 
Wednesday 
7:55am‐3:00pm Friday 
9:00 am – 1:00pm Ten 
Saturday School Days 

 
 
 
 
 

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Appendix C: Total Expenditures and Administrative Expenditures Per Child 
 
Fiscal Year 2011 ‐ 2012
Unaudited Actuals
1

Total Enrollment

Elementary
301

Total Expenditures
Average Expenditures Per Pupil

        3,648,199            4,250,452            2,338,834
              12,136                  16,092                  17,984

        10,237,485
                 14,734

Total Administrative Expenditures
General Administration Salaries

        1,156,610            1,206,943
           727,550               813,383

              717,171
              489,177

           3,080,724
           2,030,110

General Administration Expenditures

2

Average Administrative Expenditures Per Pupil

Middle
264

High
130

TOTAL
695

          429,060

             393,560

             227,994

          1,050,614

                3,848

                   4,569

                   5,514

                   4,434

1

 Repres ents  KIPP Aca demy's  porti on of KIPP NYC Col l ege Prep Hi gh School . Al l oca ti on i s  ba s ed on the number of KIPP Aca demy 
s tudents  rel ati ve to tota l  hi gh s chool  enrol l ment.

2

Genera l  Admi ni s tra ti on Expendi tures  repres ents  the Sha red Servi ces  Tea m a dmi ni s tra ti on fee.

 

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7

Appendix D: Unaudited Financial Statements 
 
Unaudited Actuals
Fiscal Year 2011 ‐ 2012
Academy
Total

Total Enrollment

695

REVENUES:
Private Funding
Per Pupil Revenue ‐ Regular & SPED
Title Funds
Federal Grants
State & City Grants
E‐Rate
Other Income
Revenue Eliminations (SST)
TOTAL REVENUES

        11,254,099

PERSONNEL SERVICE EXPENDITURES (PS):
Salaries & Wages
Bonuses
Health Insurance
Retirement Benefits
Payroll Taxes
Miscellaneous Benefits
TOTAL PS EXPENDITURES

           5,881,822
                       ‐
              642,951
              662,395
              434,108
                 24,503
           7,645,779

OTHER THAN PERSONNEL SERVICE EXPENDITURES (OTPS):
Classroom Instruction
Equipment & Beautification
Instructional Supplies & Materials
Student Supplies & Materials
Academic Programming
Total Classroom Instruction

              115,285
                 76,774
              144,624
              165,110
              501,793

Instructional Support Services
Local Field Lessons
Out of State Field Lessons
Performance & Special Events
Staff & Board Development
Technology Equipment & Services
Total Instructional Support Services

                 26,416
              188,695
                 55,898
              140,680
              289,100
              700,789

Alumni Support & Programming
Tuition Assistance
Educational Support
Internship Program
Life Support & Loans
Alumni Programming
Total Alumni Support & Programming

                       ‐
                       ‐
                       ‐
                       ‐
                       ‐
                       ‐

KIPP Academy 2011-2012 Annual Report

              383,378
        10,506,138
              251,655
                       ‐
                 15,404
                 40,258
                 57,266

 

8

Professional Services
Consultants
KIPP Licensing Fee
Accounting Fees
Legal Fees
Audit Fees
CC Processing & Bank Fees
Payroll Fees
Total Professional Services

                 43,960
                 39,265
                   2,776
                       ‐
                 26,481
                   1,894
                 32,407
              146,783

Building Services
Building Permits & Rent
Utilities
Maintenance
Debt Service
Insurance
Total Building Services

                   2,190
                       ‐
                       ‐
                       ‐
              103,988
              106,178

School & Program Start‐Up
Building Contractors
Relocation & Moving
Building Rehab
Total School & Program Start‐Up

                 50,291
                   8,296
                       ‐
                 58,587

Support & Administration
Shared Services Fee
Depreciation
AMEX Missing Receipts
Expense Eliminations (SST)
Total Support & Administration

           1,050,614
                 27,894
                     (932)
                       ‐
           1,077,576

TOTAL OTPS EXPENDITURES

           2,591,706

TOTAL PS & OTPS EXPENDITURES

        10,237,485
Surplus/(Deficit):            1,016,614
Cost Per Student:

CASH FLOW ADJUSTMENTS
Operating Activities
Capital Investment Activities
Financing Activities
TOTAL CASH FLOW ADJUSTMENTS

                       ‐
Net Surplus/(Deficit):            1,016,614
Fundraising Need:

1 Represents KIPP Academy's portion of KIPP NYC College Prep High School. 
Allocation is based on the number of KIPP Academy students relative to total high school 
2Fra cti ona l  s ta ff a re due to the s ha ri ng of FTEs  a cros s  KIPP NYC s chool s  a nd progra ms .

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Appendix E: FY 2013 Budget 
Budget Summary
Fiscal Year 2012 ‐ 2013
Elementary
366

Middle
262

High
201

1

TOTAL
829

41.39

32.06

28.70

102.15

REVENUES:
Per Pupil Revenue ‐ Regular & SPED
Title Funds
Federal Grants
State & City Grants
E‐Rate
Other Income
Revenue Eliminations (SST)
TOTAL REVENUES

        5,410,203
           183,000
                    ‐
                    ‐
           112,829
              10,000
                    ‐
        5,716,032

           3,782,415
              131,000
                       ‐
                       ‐
                 65,798
                 25,000
                       ‐
           4,004,213

           2,970,736
              100,500
                       ‐
                       ‐
                 51,859
                 28,714
                       ‐
           3,151,810

        12,163,354
              414,500
                       ‐
                       ‐
              230,487
                 63,714
                       ‐
        12,872,055

PERSONNEL SERVICE EXPENDITURES (PS):
Salaries & Wages

        3,088,281            2,683,994            2,234,538

           8,006,813

          137,308
           386,330
           385,779
           226,665
              34,381
        4,258,744

             112,046
              344,829
              742,690
              188,813
                 25,040
           4,097,411

               94,760
              185,701
              342,523
              152,220
                 29,188
           3,038,929

              344,113
              916,859
           1,470,991
              567,698
                 88,609
        11,395,084

OTHER THAN PERSONNEL SERVICE EXPENDITURES (OTPS):
Classroom Instruction
Equipment & Beautification
              51,000
Instructional Supplies & Materials
              70,750
Student Supplies & Materials
              90,200
Academic Programming
           175,959
Total Classroom Instruction
           387,909

                 20,000
                 37,000
                 45,500
                 27,310
              129,810

                 44,507
                 38,046
                 65,325
              110,705
              258,584

              115,507
              145,796
              201,025
              313,974
              776,303

Instructional Support Services
Local Field Lessons
Out of State Field Lessons
Performance & Special Events
Staff & Board Development
Technology Equipment & Services
Total Instructional Support Services

              16,000
                    ‐
              22,500
           138,782
           302,305
           479,587

                 22,500
              133,000
                 23,500
                 27,615
              154,922
              361,536

                 16,941
                 77,529
                 91,599
                 63,782
              132,596
              382,447

                 55,441
              210,529
              137,599
              230,178
              589,823
           1,223,570

Alumni Support & Programming
Tuition Assistance
Educational Support
Internship Program
Life Support & Loans
Alumni Programming
Total Alumni Support & Programming

                    ‐
                    ‐
                    ‐
                    ‐
                    ‐
                    ‐

                       ‐
                       ‐
                       ‐
                       ‐
                       ‐
                       ‐

                       ‐
                       ‐
                       ‐
                       ‐
                       ‐
                       ‐

                       ‐
                       ‐
                       ‐
                       ‐
                       ‐
                       ‐

Total Enrollment
Total FT & PTS

2

Potential Increase in Teacher Pay
Health Insurance
Retirement Benefits
Payroll Taxes
Miscellaneous Benefits
TOTAL PS EXPENDITURES

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Professional Services
Consultants
KIPP Licensing Fee
Accounting Fees
Legal Fees
Audit Fees
CC Processing & Bank Fees
Payroll Fees
Total Professional Services

              45,790
              30,000
                    ‐
                    ‐
                7,505
                    ‐
              18,458
           101,754

                   5,085
                       ‐
                       ‐
                       ‐
                   5,373
                       ‐
                 15,364
                 25,821

                 57,137
                   8,614
                       ‐
                       ‐
                   4,765
                       ‐
                 13,119
                 83,635

              108,012
                 38,614
                       ‐
                       ‐
                 17,643
                       ‐
                 46,940
              211,210

Building Services
Building Permits & Rent
Utilities
Maintenance
Debt Service
Insurance
Total Building Services

                8,000
                    ‐
           175,000
                    ‐
              37,238
           220,238

                       ‐
                       ‐
                       ‐
                       ‐
                 30,147
                 30,147

                   2,297
                       ‐
                       ‐
                       ‐
                 24,448
                 26,746

                 10,297
                       ‐
              175,000
                       ‐
                 91,834
              277,131

School & Program Start‐Up
Building Contractors
Relocation & Moving
Building Rehab
Total School & Program Start‐Up

              15,000
                    ‐
                    ‐
              15,000

                       ‐
                   5,000
                       ‐
                   5,000

                 24,407
                       ‐
                       ‐
                 24,407

                 39,407
                   5,000
                       ‐
                 44,407

Support & Administration
Shared Services Fee
Depreciation
AMEX Missing Receipts
Expense Eliminations (SST)
Total Support & Administration

           559,320
                2,434
                    ‐
                    ‐
           561,754

              391,341
                       753
                       ‐
                       ‐
              392,094

              307,124
                 12,343
                       ‐
                       ‐
              319,466

           1,257,785
                 15,529
                       ‐
                       ‐
           1,273,314

TOTAL OTPS EXPENDITURES

        1,766,242               944,409            1,095,284

           3,805,934

TOTAL PS & OTPS EXPENDITURES

        6,024,986            5,041,819            4,134,213

        15,201,018

Surplus/(Deficit):           (308,954)          (1,037,606)              (982,403)
Cost Per Student:               16,462                  19,244                  20,568

         (2,328,963)
                 18,337

CASH FLOW ADJUSTMENTS
Operating Activities
Capital Investment Activities
Financing Activities
Cash Flow Eliminations (MH)
TOTAL CASH FLOW ADJUSTMENTS

                2,434
          (500,000)
                    ‐
                    ‐
          (497,566)

                       753
                       ‐
                       ‐
                       ‐
                       753

                 12,343
                 (2,986)
                       ‐
                       ‐
                   9,356

                 15,529
             (502,986)
                       ‐
                       ‐
             (487,457)

Net Surplus/(Deficit):           (806,521)          (1,036,853)              (973,046)

         (2,816,420)

1

 Repres ents  KIPP Aca demy's  porti on of KIPP NYC Col lege Prep High School . Al l oca ti on i s  ba s ed on the number of KIPP Aca demy 
s tudents  rel a ti ve to tota l  hi gh s chool  enrol l ment.

2

Fra ctiona l  s ta ff a re due to the s ha ri ng of FTEs  a cros s  KIPP NYC s chool s  a nd progra ms .

3

Ins tructor s a l a ries  a re ba s ed on the UFT contra ct with New York City, whi ch expi red on October 31, 2009. The ci ty a nd the UFT a re 
s ti l l  in negoti a tions  for a new contra ct, which could i ncrea s e i ns tructor s a la ri es  by an es timated 5%.

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Appendix F: Disclosure of Financial Interest Forms 
 

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Appendix G: Board of Trustees Membership Table 
 
Current Board Members 
Position on the 
Board (e.g., 
Trustee Name and 
Officers or 
Email Address 
constituent 
representatives) 
David B. Massey 

Committee 
affiliation(s) 

Number of terms 
Area of 
served and 
expertise, 
length of each (1 
Voting 
and/or 
year = 1 term), 
Member  additional role 
including date of 
(Yes/No) 
at school 
election and 
(parent, staff 
expiration 
member etc.) 
(current term) 

Chair 

Audit 
Committee 

Yes 

 

10 Years 
6/2011‐6/2012 

Treasurer 

Audit 
Committee 

Yes 

 

10 Years 
6/2011‐6/2012 

 

 

Yes 

 

8 Years 
6/2011‐6/2012 

 

Audit and 
Yes 
Development 
Committees 

 

3 Years 
6/2011‐6/2012 

 

 

Yes 

 

2.5 Years 
6/2011‐2/2012 

 

 

Yes 

 

1.5 Years 
6/2011‐6/2012 

 
Whitney Tilson 
 
Amy L. Robbins 
 
Dawn M. Palo 
 
Amy Griffin 
 
Phillip Mactaggart 
 
Total Members joining the board the 2011‐2012 school year 

Total Members departing the board during the 2011‐2012 school year 

 
 

KIPP Academy 2011-2012 Annual Report

 

25

Appendix H: Enrollment and Retention Targets 
 
KIPP Academy and the greater KIPP NYC network of charter schools is committed to enrolling and 
retaining students with disabilities, English Language Learners, and students who are eligible for the free 
or reduced price lunch program.  Our recruiting efforts specifically target students in high needs 
communities in New York City, and employ efforts that we have found to be effective in enrolling 
students in these populations.  These recruiting efforts have included leveraging the networks of the 
KIPP students, their families, and KIPP alumni as well as that of teachers and staff to spread the word 
about KIPP Academy’s educational programming and class openings.  Additionally, we have partnered 
with community organizations such as local places of worship, afterschool programs, day care centers, 
immigration centers, YMCAs, and boys and girls clubs for assistance in recruiting efforts.  To specifically 
target families with limited English proficiency, we recruit using bilingual materials and bilingual staff 
members.  Moreover, our lottery process gives an absolute preference to students eligible for the free 
and reduced price lunch program.  
 
KIPP Academy is focused on retaining all students.  We provide high quality and highly structured 
educational programming tailored to the needs of students.  Parents and families are kept informed of 
their child’s performance and progress through periodic, bilingual communications, and have access to 
their child’s teacher’s cell phone number.  In addition we survey students, families, and teachers to 
gauge the health of our schools and to ensure that our educational programming is meeting and 
exceeding the needs of our students.  Furthermore, we leverage best practices from KIPP schools across 
the country to increase student retention.   
 
We plan to continue to utilize these same recruiting and student retention efforts in future years.   

 
 
 

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