| Form 990, Part VI, Line 1a: Explanation of Delegated Broad Authority to Committee |
The Executive Committee is comprised of the Chair, the Vice Chair, the Finance Committee Chair, the Chief Executive Officer, the Chief Financial Officer, and two members appointed by the Chair; provided, however, that the Chief Executive Officer and the Chief Financial Officer are ex officio, non-voting members of the Executive Committee. The Executive Committee is responsible for conducting Board affairs in the intervals between meetings, dealing with matters of urgency, and coordinating the annual performance review of the Chief Executive Officer. |
| Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents |
See above explanation of merger among various KIPP entities. |
| Form 990, Part VI, Line 11b: Form 990 Review Process |
Form 990 is reviewed internally by the CFO and Controller. The Board of Directors receives a copy of the approved return prior to filing. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts |
All Board members are required to complete the Texas Education Agency's (TEA) conflict of interest form annually. The forms are reviewed by the organization and forwarded to the TEA. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management |
The Board approves the compensation package for the Executive Director. Documentation supporting the decision is retained by the organization. |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees |
The Executive Director reviews compensation data from comparable charter schools and approves the compensation package for other Officers. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
Available upon request. |
| Other Changes In Net Assets Or Fund Balances - Other Increases |
Net asset transfer from KIPP Dallas-Fort Worth upon merger = $11078291 |
| Other Changes In Net Assets Or Fund Balances - Other Increases |
Net asset transfer from KIPP San Antonio upon merger = $11184811 |
| Other Changes In Net Assets Or Fund Balances - Other Increases |
Net asset transfer from KIPP, Inc. upon merger = $21427568 |
| Merger of KIPP Charter School Districts |
Effective July 1, 2018, KIPP, Inc., KIPP Austin Public Schools, Inc., KIPP San Antonio, Inc., and KIPP Dallas-Fort Worth, Inc. merged to form KIPP Texas, Inc. (KIPP) under an Agreement and Plan of Merger approved and adopted by the KIPP Texas, Inc. Board of Directors on July 2, 2018. The merger was entered into to leverage growth and share expertise amongst the four charter school districts. |
Attach to Form 990 or 990-EZ.