FORM 990 |
PART VIII, LINE 1F - CONTRIBUTION REVENUE |
FORM 990, PAGE 6, PART VI, LINE 6 |
THE CORPORATION HAS ONE MEMBER, KIPP FOUNDATION, INC. (EIN: 94-3362724), A CA NON-PROFIT CORPORATION WITH TAX-EXEMPT STATUS UNDER IRC SECTION 501 (C)3. |
FORM 990, PAGE 6, PART VI, LINE 7A |
THE SOLE MEMBER OF THE CORPORATION, KIPP FOUNDATION, INC., HAS THE EXCLUSIVE RIGHT TO APPROVE ANY AMENDMENTS TO THE ARTICLES OF INCORPORATION OR THE CORPORATION'S BYLAWS, AS WELL AS TO REMOVE AND REPLACE ANY MEMBER OF THE CORPORATION'S BOARD OF DIRECTORS IN THE EVENT THAT WRITTEN NOTICE IS PROVIDED TO THE CORPORATION BY THE KIPP FOUNDATION THAT THE CORPORATION HAS VIOLATED THE TERMS OF ITS TRADEMARK LICENSE AGREEMENT WITH THE KIPP FOUNDATION. HOWEVER, THE PROPERTY, AFFAIRS AND BUSINESS OF THE CORPORATION SHALL BE MANAGED BY ITS BOARD OF DIRECTORS AND NOT BY THE SOLE MEMBER. |
FORM 990, PAGE 6, PART VI, LINE 11B |
A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW PRIOR TO FILING WITH THE IRS. |
FORM 990, PAGE 6, PART VI, LINE 12C |
CONFLICTS OF INTEREST MUST BE DISCUSSED WITH THE BOARD. |
FORM 990, PAGE 6, PART VI, LINE 15A |
THE BOARD OF DIRECTORS DETERMINES THE ANNUAL COMPENSATION AND BONUS FOR THE EXECUTIVE DIRECTOR IN EXECUTIVE SESSION DURING THE BOARD MEETINGS. |
FORM 990, PAGE 6, PART VI, LINE 15B |
COMPENSATION FOR OTHER KEY EMPLOYEES IS DETERMINED BY THE EXECUTIVE DIRECTOR AND APPROVED BY THE BOARD OF DIRECTORS. |
FORM 990, PAGE 6, PART VI, LINE 19 |
GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST |
FORM 990, PART IX, LINE 11G |
PROFESSIONAL SERVICES 272,482 628,277 0 OTHER PURCHASED SERVICES 490,415 1,615,936 0 |