KIPP Infinity 2011-12 Annual Report

7/31/2019 KIPP Infinity 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 24AppendixH:EnrollmentandRetentionTargets 25

KIPP Infinity 2011-2012 Annual Report 2


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NewYorkStateReportCard

KIPPInfinitys201011NewYorkStateReportCardcanbeaccessedonlinehere:

https://reportcards.nysed.gov/schools.php?year=2011&instid=800000058367



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CharterRevisions

Duringthe201112year,KIPPInfinitydidnotmakeanymaterial/nonmaterialrevisionstoitscharter.



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AppendixA:ProgressTowardCharterGoalsThissectionwillbesubmittedinaccordancetothetimelineandguidelinessetforthbytheBoardof

Regents.



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AppendixB:InstructionalTimetable

201112InstructionalTime

Totalnumberofinstructionaldaysforthe201112schoolyear193

Firstandlastdayofthe201112schoolyearFirst:7/11/2011

Last:6/22/2012

Lengthofschoolday(pleasenoteifschedulevariesthroughout

theweekortheyear)

GradesK1

7:30am4:00pmMondayto

Thursday

7:30am2:30pmFriday

9am11amOneSaturday/Month

8:00am

12:00pm

Summer

School

Grades58

7:25am4:00pmMondayto

Thursday

7:25am2:30pmFriday

9:00am 1:00pm EveryOther

Saturday

8:00am2:00pmSummerSchool

Grades911

7:55am

4:30

pm

Monday,Tuesday,Thursday

7:55am3:15pm

Wednesday

7:55am3:00pmFriday

9:00am1:00pmTenSaturday

SchoolDays



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AppendixC:TotalExpendituresandAdministrativeExpendituresPerChild

FiscalYear2011 2012

UnauditedActuals

Elementary Middle High1

TOTALTotalEnrollment 197 325 157 679

TotalExpenditures 2,870,797 4,685,530 3,282,855 10,839,182

AverageExpendituresPerPupil 14,601 14,416 20,896 15,969

TotalAdministrativeExpenditures 890,978 1,237,144 833,638 2,961,760

GeneralAdministrationSalaries 588,092 748,389 591,156 1,927,637

GeneralAdministration Expenditures2

302,886 488,755 242,482 1,034,123

AverageAdministrativeExpendituresPerPupil 4,531 3,806 5,306 4,364

2General AdministrationExpenditures represents the SharedServices Teamadministration fee.

1RepresentsKIPPInfinity's portionofKIPPNYCCollege PrepHighSchool.Allocationi s b as edon the numberofKIPPInfinity

students relativetototalhigh school enrollment.



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AppendixD:UnauditedFinancialStatementsUnauditedActuals

FiscalYear2011 2012

INF

Total

TotalEnrollment

REVENUES:

PrivateFunding 376,607

PerPupilRevenue Regular&SPED 10,341,229

TitleFunds 155,094

FederalGrants

State&CityGrants 107,972

ERate 221,147

OtherIncome 117,144

RevenueEliminations (SST)

TOTALREVENUES 11,319,193

PERSONNELSERVICEEXPENDITURES(PS):

Salaries&Wages 6,302,832

Bonuses

HealthInsurance 585,488

RetirementBenefits 273,558

PayrollTaxes 461,903

Miscellaneous Benefits 55,082

TOTALPSEXPENDITURES 7,678,863

OTHERTHANPERSONNELSERVICEEXPENDITURES(OTPS):

ClassroomInstruction

Equipment&Beautification 122,641

InstructionalSupplies&Materials 98,977

StudentSupplies&Materials 172,652

AcademicProgramming 229,373

TotalClassroomInstruction 623,643

InstructionalSupportServices

LocalFieldLessons 27,575

OutofStateFieldLessons 336,893

Performance&SpecialEvents 125,401

Staff&BoardDevelopment 211,072

TechnologyEquipment&Services 270,410

TotalInstructionalSupportServices 971,351

AlumniSupport&Programming

TuitionAssistance

EducationalSupport

Internship Program

LifeSupport&Loans

AlumniProgramming

TotalAlumniSupport&Programming



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ProfessionalServices

Consultants 87,360

KIPPLicensingFee 66,464

AccountingFees 2,777

LegalFees

AuditFees 14,694

CCProcessing

&

Bank

Fees 15

PayrollFees 32,048

TotalProfessionalServices 203,358

BuildingServices

BuildingPermits&Rent 3,900

Utilities

Maintenance

DebtService

Insurance 79,153

TotalBuildingServices 83,053

School&

Program

Start

Up

BuildingContractors 114,810

Relocation&Moving 9,482

BuildingRehab

TotalSchool &ProgramStartUp 124,292

Support&Administration

SharedServicesFee 1,034,123

Depreciation 112,617

AMEXMissingReceipts 7,882

ExpenseEliminations (SST)

TotalSupport&Administration 1,154,622

TOTALOTPSEXPENDITURES 3,160,319

TOTALPS&OTPSEXPENDITURES 10,839,182

Surplus/(Deficit): 480,011

CostPerStudent:

CASHFLOWADJUSTMENTS

OperatingActivities

CapitalInvestmentActivities

FinancingActivities

TOTALCASHFLOWADJUSTMENTS

NetSurplus/(Deficit): 480,011

FundraisingNeed:

1RepresentsKIPPInfinity'sportionofKIPPNYCCollegePrepHighSchool.

AllocationisbasedonthenumberofKIPPInfinitystudentsrelativetototalhighschoolenrollment.

2Fractional staffare due tothe sharingofFTEs across KIPPNYCschools a nd programs.



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AppendixE:FY2013BudgetBudgetSummary

FiscalYear2012 2013

Elementary Middle High

1

TOTALTotalEnrollment 300 330 222 852

TotalFT&PTS2

35.29 32.96 31.70 99.94

REVENUES:

PerPupilRevenue Regular&SPED 4,444,200 4,944,531 3,281,112 12,669,843

TitleFunds 150,000 165,000 111,000 426,000

FederalGrants

State&CityGrants

ERate 78,725 78,072 57,278 214,074

OtherIncome 47,000 31,714 78,714

RevenueEliminations(SST)

TOTALREVENUES 4,672,925 5,234,603 3,481,104 13,388,632

PERSONNELSERVICEEXPENDITURES (PS):

Salaries&Wages 2,783,628 2,850,400 2,467,997 8,102,026

PotentialIncreaseinTeacherPay3

114,489 121,037 104,660 340,186

HealthInsurance 211,111 231,625 205,102 647,838

RetirementBenefits 325,566 668,052 378,309 1,371,926

PayrollTaxes 193,771 193,517 168,123 555,411

MiscellaneousBenefits 37,068 33,267 32,237 102,573

TOTALPSEXPENDITURES 3,665,632 4,097,899 3,356,429 11,119,960

OTHERTHANPERSONNELSERVICEEXPENDITURES (OTPS):

ClassroomInstruction

Equipment&

Beautification 31,000

28,500

49,157

108,657

InstructionalSupplies&Materials 41,000 32,500 42,021 115,521

StudentSupplies&Materials 64,500 30,000 72,150 166,650

AcademicProgramming 115,000 47,595 122,271 284,866

TotalClassroomInstruction 251,500 138,595 285,600 675,695

InstructionalSupportServices

LocalFieldLessons 21,000 10,000 18,711 49,711

OutofStateFieldLessons 135,000 85,629 220,629

Performance&SpecialEvents 18,500 35,000 101,169 154,669

Staff&BoardDevelopment 78,139 83,364 70,446 231,949

TechnologyEquipment&Services 210,428 184,643 146,450 541,521

TotalInstructionalSupportServices 328,067 448,007 422,404 1,198,478

AlumniSupport&Programming

TuitionAssistance

EducationalSupport

InternshipProgram

LifeSupport&Loans

AlumniProgramming

TotalAlumniSupport&Programming



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ProfessionalServices

Consultants 20,179 22,111 63,106 105,396

KIPPLicensingFee 30,000 30,000 9,514 69,514

AccountingFees

LegalFees

AuditFees 5,986 6,585 5,263 17,833

CCProcessing

&

Bank

Fees

PayrollFees 16,269 16,070 14,489 46,829

TotalProfessionalServices 72,434 74,766 92,372 239,572

BuildingServices

BuildingPermits&Rent 8,000 8,000 2,537 18,537

Utilities

Maintenance

DebtService

Insurance 32,345 34,049 27,003 93,397

TotalBuildingServices 40,345 42,049 29,540 111,934

School

&

Program

Start

UpBuildingContractors 70,000 57,500 26,957 154,457

Relocation&Moving 2,500 2,500

BuildingRehab

TotalSchool&ProgramStartUp 70,000 60,000 26,957 156,957

Support&Administration

SharedServicesFee 459,420 510,953 339,211 1,309,584

Depreciation 65,888 40,106 13,632 119,627

AMEXMissingReceipts

ExpenseEliminations(SST)

TotalSupport&Administration 525,308 551,060 352,844 1,429,211

TOTALOTPS

EXPENDITURES 1,287,654

1,314,477

1,209,717

3,811,848

TOTALPS&OTPSEXPENDITURES 4,953,287 5,412,376 4,566,146 14,931,808

Surplus/(Deficit): (280,362) (177,772) (1,085,042) (1,543,176)

CostPerStudent: 16,511 16,401 20,568 17,526

CASHFLOWADJUSTMENTS

OperatingActivities 65,888 40,106 13,632 119,627

CapitalInvestmentActivities (82,143) (6,000) (3,298) (91,441)

FinancingActivities

CashFlowEliminations(MH)

TOTALCASH

FLOW

ADJUSTMENTS (16,255)

34,106

10,334

28,186

NetSurplus/(Deficit): (296,617) (143,666) (1,074,708) (1,514,990)

2Fractionalstaffa re du e tothe sharingofFTEs acrossKIPPNYCschools an dprograms.

1Represents KIPPInfinity's portion ofKIPPNYCCollege PrepHigh School.Allocation is b as edon the numberofKIPPInfinity

students relativetototalhigh school enrollment.

3Instructors al ar i esa reb as edon the UFT contractwithNe wYorkCity,whichexpiredon October31,2009.The citya nd the UFT a re

sti l l i nnegotiations fora ne wcontract,whichcouldincrease instructors al ar i esbya nestimated5%.



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AppendixF:DisclosureofFinancialInterestForms



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AppendixG:BoardofTrusteesMembershipTableCurrentBoardMembers

TrusteeName

and

EmailAddress

Positiononthe

Board

(e.g.,

Officersor

constituent

representatives)

Committee

affiliation(s)Voting

Member

(Yes/No)

Areaofexpertise,

and/or

additional

roleatschool

(parent,staff

memberetc.)

Numberofterms

servedandlength

of

each

(1

year

=

1

term),including

dateofelection

andexpiration

(currentterm)

DavidB.Massey Chair Chair,Audit

Committee

Yes 7Years

6/20116/2012

LarryRobbins Yes 7Years

6/20116/2012

BrianZied Treasurer Auditand

Development

Committees

Yes 6Years

6/20116/2012

RichardTaft Secretary Audit

Committee

Yes 5Years

6/20116/2012

AbigailKlem Yes 4Years

6/20116/2012

TotalMembersjoiningtheboardthe20112012schoolyear 0

TotalMembersdepartingtheboardduringthe20112012schoolyear 0



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AppendixH:EnrollmentandRetentionTargets

KIPPInfinityandthegreaterKIPPNYCnetworkofcharterschoolsiscommittedtoenrollingand

retainingstudentswithdisabilities,EnglishLanguageLearners,andstudentswhoareeligiblefor

thefreeorreducedpricelunchprogram. Ourrecruitingeffortsspecificallytargetstudentsin

highneedscommunitiesinNewYorkCity,andemployeffortsthatwehavefoundtobe

effectiveinenrollingstudentsinthesepopulations. Theserecruitingeffortshaveincluded

leveragingthenetworksoftheKIPPstudents,theirfamilies,andKIPPalumniaswellasthatof

teachersandstafftospreadthewordaboutKIPPInfinityseducationalprogrammingandclass

openings. Additionally,wehavepartneredwithcommunityorganizationssuchaslocalplaces

ofworship,afterschoolprograms,daycarecenters,immigrationcenters,YMCAs,andboysand

girlsclubsforassistanceinrecruitingefforts. TospecificallytargetfamilieswithlimitedEnglish

proficiency,werecruitusingbilingualmaterialsandbilingualstaffmembers. Moreover,our

lotteryprocessgivesanabsolutepreferencetostudentseligibleforthefreeandreducedprice

lunchprogram.

KIPPInfinityisfocusedonretainingallstudents. Weprovidehighqualityandhighlystructured

educational

programming

tailored

to

the

needs

of

students.

Parents

and

families

are

kept

informedoftheirchildsperformanceandprogressthroughperiodic,bilingualcommunications,

andhaveaccesstotheirchildsteacherscellphonenumber. Inadditionwesurveystudents,

families,andteacherstogaugethehealthofourschoolsandtoensurethatoureducational

programmingismeetingandexceedingtheneedsofourstudents. Furthermore,weleverage

bestpracticesfromKIPPschoolsacrossthecountrytoincreasestudentretention.

We

plan

to

continue

to

utilize

these

same

recruiting

and

student

retention

efforts

in

future

years.

Documents

KIPP Infinity 2011-12 Annual Report