KIPP MA Annual Report 2012

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AnnuAl RepoRt 2012

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Kristal Morfa Providence college student and KiPP academy lynn Founding class oF 2012

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Who we arein the Words of our executive director

Dear team and Family,in under a decade, KiPP academy lynn has transformed from one class of 77 kids and families to a region of three schools in lynn and Boston, serving over 660 students and families. on the national level, KiPP now serves students at 125 schools across the country in 20 states and the district of columbia. our growth, in size and scope, speaks to the hard work of our students, families, and staff, who work every day toward a common goal: better life outcomes for 100% of our kids.

as we look toward a future where KiPP massachusetts will serve 2,100 students in five schools by 2020, we celebrate the accomplishments of our KiPPsters in 2012.

• in august, 90 High rock became the new home for KiPP academy lynn middle and collegiate High schools. although a building doesn’t make school, we are proud to have built a beautiful school on time and under budget.

• two thousand and twelve also represents another strong year for student retention with over 95% of our students returning to KiPP. this is testament to strong school culture, relationship building, and outreach to families.

• our KiPPsters are continuing to progress academically; 2012 saw our fifth graders achieve the highest science scores of any Kal class thus far with a 30% jump from 2011, and 85% of our founding high school freshman scored proficient or better on the Biology mcas – a test typically taken in the 10th grade.

• this year in Boston, a new set of KiPPsters and their families are commencing their journeys at KiPP academy Boston. the student body is 100% african american or latino, 90% of students are eligible for free or reduced lunch, and 21% of students receive special education services.

• most importantly, 85% of our Founding class of 2012 is now attending two-or four-year colleges. the class of 2012 will be the first of many that KiPP ma sends off to college, but they along with their families deserve special recognition for the grit it took to believe in a school that did not yet exist, and trust that a system which worked for students thousands of miles away in Houston, texas could work in lynn, massachusetts.

We understand that there is still much work ahead of us, and the climb will not always be easy for our KiPPsters. However, we will determinately continue to work toward better outcomes for our KiPPsters, their families, and the communities we serve.

thank you for helping to make our progress possible.

many thanks, much love,

caleb dolanexecutive directorKiPP massacHusetts

caleB dolanexecutive directorKiPP massacHusetts

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How we are doingensuring better life outcomes for 100% of our students is a challenging goal, and succeeding requires a holistic approach. in order to reach this goal, we consistently measure both short and long term results and nimbly adjust to best serve our students and families. KiPP has identified six essential Questions to measure student outcomes, teachers’ performance, and the health of our schools while remaining focused as we grow. (Please see page 19)

our plan for the futureBy 2020, KiPP massachusetts will serve more than 2,100 students and their families at five schools in lynn and Boston, and each of our five schools will be 95% sustainable on public funding (based on current funding levels). nationwide, the KiPP network will serve more than 55,000 students by 2015.

Who we areKiPP massachusetts is part of a national network of 125 free, open-enrollment public charter schools serving over 39,000 students in 20 states and the district of columbia. We currently operate two campuses in the greater Boston area: our High rock campus in lynn, home to our KiPP academy lynn middle and High school, and KiPP academy Boston middle school serving mattapan and surrounding communities. today, we serve 664 students and employ 108 staff.

What we do our program is based on: a longer school day and year, academic and character development, a relentless focus on student outcomes and college completion, intensive professional development for teachers and staff, and a comprehensive K-16 continuum of services for students, alumni, and families.

our mission at KiPP massachusetts is to create an environment where students develop the academic skills, character strengths, and intellectual habits necessary to maximize their potential in high school, in college, and in life.

Why it mattersnationwide, just 8% of students from low-income communities graduate from college, compared to the 82% college graduation rate of their affluent peers. Preparing our students to be successful, not only to but through college, drives the work of KiPP’s school leaders, teachers, and staff. nationally, KiPP students’ college completion rate is four times that of their low-income peers.

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Who we area national network

Research and development

the KiPP Foundation offers access to data from thousands of KiPP students so we can evaluate and learn from their successes and challenges.

Continued support for KIPP MA alumni through college

the national KiPP through college (Ktc) program allows students who leave the area for college to utilize the support systems offered within the KiPP community and externally through partner colleges and universities that have teamed with KiPP.

Effective national advocacy efforts

KiPP believes that fostering a collaborative teaching community is an important part of creating a path to better life outcomes for all students – not only those who are receiving a KiPP education. our work as a national organization is to advocate for a stronger education system and to, with others who are passionate about education reform, raise the bar for what students and families expect from an urban public school education. as the largest charter school organization in the nation, we are committed to being both a thought leader, and a convener of leaders with a common goal.

As part of a national network, KIpp Massachusetts has access to:

Unparalleled professional and leadership development programs

the KiPP school leadership Programs (KslP) offers a portfolio of programs including the Fisher Fellowship Program and the teacher-leader Program that prepare educators of all levels for leadership.

A shared knowledge base

in 1997, KiPP consisted of two schools in two states. today, the reach of the KiPP network extends to 125 schools in 20 states and the district of columbia. KiPP ma benefitted from the lessons and best practices of 26 KiPP regions growing before us. We have successfully scaled locally from 77 students in one school to 664 in three schools on our path to five schools and 2,100 students by 2020.

125 KIPP Schools20 states plus the District of Columbia, serving 39,000 students.

KIPP MaSSaChuSettS

is part of the Knowledge Is

Power Program (KIPP), a

national network of

high-performing public charter

schools with a history of success

in underserved communities.

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Who we arean overview

3 Schools

KIPP Massachusetts Region is...

664 students

currently served by KiPP massachusetts

96%of students

who stay with us from year to year

KIPP Academy Lynn (Kal)

middle school Founded 2004

KIPP Academy Lynn Collegiate

(Kalc) High school

Founded 2011

KIPP Academy Boston(KaB)

middle schoolFounded 2012

300+alumni

we currently support in high

school and college

2,100 studentsserved by

five schools

1,000+alumni

on their way through college

95%sustainable

on public funding (based on current rates

of funding)

200+ parents &

community members we serve through our

adult education and community

outreach Program

By 2020, KIPP Massachusetts will be…

85%of students are african american

or latino

83%of students

qualify for free or reduced-price lunch

16%of studentsreceive special

education services

5th-10th Grades

currently served by KiPP massachusetts

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Who we areour schools

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“Beginning on the first day of fifth grade,

we focus on both academic readiness

and character strengths. From the first

t-shirt our KiPPsters earn to evaluating

interim testing, we believe the middle

school years are critical to setting our

kids up for success.” anna Breen, scHool leader

“Founding Kalc required a great

deal of grit and zest on the part of

our students, teachers, and staff.

our kids are held accountable for

their personal efforts and results

during these transitional years.”

drea deangelo, Founding

scHool leader

“in Boston, KiPP has an excellent

opportunity to serve the students

who need us most. 100% of our

KiPPsters are african american or

latino, and 57% of them come from

homes where another language is

spoken. We are honored to serve

such a diverse group of kids and

families in Boston.”

cHristine BarFord, Founding

scHool leader

FounDeD: August 2004 students: 410 teachers: 43



Latino or african american

100%

eLigibLe for free/ reduced price meaLs

92%

receives speciaL education services

21%

student demograPHics






85% 83% 13%




83% 83% 13%

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the KIPP Massachusetts approach includes:

academic readiness

Professional development

College knowledge and social skills

More time with our students

a focus on building character strengths

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What we do academic readiness

at the center of our work as teachers, as an organization, and as a national movement are outcomes for our students. We believe that academic readiness is achieved when schools build strong culture, solid aligned curriculum, and a continual cycle of assessment, analysis, planning, and action. developing our teachers and honing their craft is a critical piece of helping our students achieve strong academic outcomes; therefore, we invest in our teachers through an intensive professional development program (see page 16).

data and curriculum resources also play a vital role. our students take the nationally normed maP (measures of academic Progress) assessment which provides individualized growth goals for every student and allows teachers to target instruction to individual needs. We also administer interim exams to track student progress throughout the year so we maximize opportunities to re-teach, remediate, and challenge students. at KiPP academy Boston, students shift into flex blocks three times a day so every student can receive a mix of small group reading instruction and web-based reading and math at his or her level. all our teachers have access to KiPP share, a national site for

sharing curriculum and high quality instructional resources.

KiPP academy lynn collegiate HigH scHoolnintH grade Biology

in the 2011-2012 school year, KiPP academy lynn collegiate opened to its founding class of 96 ninth grade KiPPsters. Biology teacher Zachary lindemann believes that big ideas are fuel for thought. “giving my students something they can connect to, that they find interesting, leads them to be more engaged in the learning process.” His instincts were spot-on. eighty-nine percent (89%) of lindemann’s ninth grade Biology students scored advanced or proficient on the science mcas exam; a test traditionally taken in the tenth grade.

With DelIBeRate PRaCtICe, I can constantly become better.

teacHer ZacHery lindemann and KiPPster

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What we do character strengths

recently, the link between character development and academic success has been a topic of frequent discussion among educational leaders around the country. the connection between strong character and successful life outcomes has been the backbone of KiPP since its inception in 1995.

KiPP has identified seven specific character strengths, based on the work of dr. martin seligman and dr. chris Peterson, that we believe most influence a student’s ability to succeed: zest, grit, self-control, optimism, gratitude, social intelligence, and curiosity. at KiPP, we explicitly create opportunities to continually enhance and recognize the character strengths within our students. an example of this is the weekly “paycheck” system we utilize that places accountability for behavior and performance directly on the student. at KiPP academy lynn collegiate, students who exemplify and embody these character strengths are recognized by school leaders and peers at monthly assemblies.

“character strengths go so far beyond the classroom. our students understand that qualities such as zest, grit and perseverance can be applied to almost every situation in or out of school.”lauren esteBanell, Kalc counselor

socIAl IntellIgence

cuRIosItygRAtItuDeoptIMIsMselF-contRolgRIt zest

DIFFeReNCeS among people exist and are a source of strength.

Jessica Charles10/01/2012 - 10/07/2012

Date This week you earned dollars for: This week you lost dollars for: Paycheck

Mon10/01

Gets to work right away rather than wasting time(GRIT) +$1 (HYB in Music class! - Rayner)Completing zesty zebras (ZEST) +$1 (Russell)

$42.00

Tue10/02

Challenging him/herself with new experiences(BRAVERY) +$1 (Thanks for volunteering to sing infront of the whole class! You are a rockstar! -Rayner)Completing zesty zebras (ZEST) +$1 (Russell)Gets to work right away rather than wasting time(GRIT) +$1 (HYB All-Star during Flex C. Used yourtime wisely to complete your work. - Radley)

$3.00

Wed10/03

Pays attention and resists distractions (SELF-AWARENESS) +$1 (Radley)Models passion by digging deeper (ZEST) +$1(Outstanding reading and thoughtful commentsabout your leader. - Radley)

$2.00

Thu10/04

Completing zesty zebras (ZEST) +$1 (Youcompleted the debate zesty zebra. Way to pursueyour interests and learn about things happening inthe world around you! - Radley)

$1.00

Fri 10/05 Actively participates (PRIDE) +$1 (Weaver) $1.00

Sat10/06

Actively participates (PRIDE) +$1 (Russell)Gets to work right away rather than wasting time(GRIT) +$1 (Russell)Sticks with problems and tasks that are challenging(GRIT) +$1 (Great work on the interim. - Russell)

$3.00

Sun10/07

Tells the truth, even when it’s difficult (BRAVERY)+$2 (Thank you for sharing and helping Brianna! -Barford)Gets to work right away rather than wasting time(GRIT) +$1 (Gwitimah)Gets to work right away rather than wasting time(GRIT) +$1 (Morning Work - Gwitimah)

$4.00

Reflection & Goals

Complete this section with quality effort and complete sentences.1. What was one thing you did well last week? (Pick one choice you earned dollars for.) ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ 2. What was one thing you need to work on this week? (Pick one choice you lost dollars for.) ________________________________________________________________________________________________________ ________________________________________________________________________________________________________

Kickboard https://kippboston.kickboardforteachers.com/students/character-...

5 of 18 10/7/12 5:32 PM

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at KiPP massachusetts, more time is a series of programs and philosophies designed to help students develop the academic skills and character strengths they need to live independent lives of choice. By receiving support from their first days at school to beyond their high school years (our K-16 continuum of support), KiPPsters remain engaged in learning and accountable for their own success as they persevere to and through college.

What we domore time

sample class scheduleKIpp Academy lynn Middle school

7:20 a.m. Breakfast

8:00 math

9:00 P.e.

10:00 reading

11:00 lunch & Recess

12:00 p.m. science

1:00 social studies

2:00 tutoring

3:00 Writing

4:00 co-curriculars

5:00 dismissal, Homework help

sample class scheduleKIpp Academy lynn collegiate High school

7:20 a.m. Breakfast

8:00 algebra or geometry

8:53 Biology

9:46 english

10:39 small group study

11:30 lunch & Advisory

12:35 p.m. co-curriculars (2x/week)

2:09 speech

3:02 History

3:55 spanish

4:45 dismissal

sample class scheduleKIpp Academy Boston Middle school

6:55 a.m. Breakfast

7:30 morning Work

8:00 advisory

8:30 reading

9:30 social studies

10:30 Flex Block

12:00 p.m. Writing

1:00 lunch & Recess

1:45 math

2:45 science

4:00 Flex Block

4:30 dismissal

More time includes:

• More time in the classroom spent on core subjects such as math, reading, and science

• a ten hour school day which includes co-curricular activities such as music, art, or athletics as well as group studies or tutoring

• a three week summer school session to reduce academic backslide and get a jump on upcoming curriculum

• an “ethos of earning” that rewards hard work with educational field lessons and college tours to places like new york city or Washington, d.c.

• Advisory sessions where groups of 10-12 students build peer relationships, leading to stronger retention

• Alumni support (the KiPP through college program)

• Parent and adult education for the community

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What we do adult education and community outreach in lynn

our adult education and community outreach program in lynn offers the following free, ongoing classes to KiPP parents, families, and other community members:

• Book Clubs

• Citizenship

• Community Social Gatherings (such as potlucks and movie screenings)

• Computer Literacy

• English as a Second Language

• GED Workshops (in English and Spanish)

• Parenting Workshops

• Financial Literacy

By offering these resources, we are not only increasing the positive impact of our work with our kids, but we are also helping to empower families and community members to develop the tools and skills they need to achieve their goals.

“taking classes changed my life. i didn’t know grammar before, and i could speak english, but not that well. now, i feel more confident speaking english to my teacher and to anyone.” JosePHina martineZ, englisH student and KiPP Parent

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What we docollege Knowledge and social skills

to college…From day one in a KiPP school, college is the focus. Because we are committed to supporting KiPPsters to and through college, Ktc begins tracking students upon successful eighth grade completion to ensure our students have the necessary supports to persist, including:

• academic tutoring

• Financial aid literacy

• Workshops for developing college knowledge and social skills

• High school placement

• social and emotional support

• internships

• sat/act preparation classes and support

• college tours, applications & placement

• Work study scholarship programs

more than 4x thE RAtE oF thEIR LoW-InCoME PEERS.

NatIoNally,36% oF students WHo attend KiPP graduate From college

KIPP Massachusetts’ oldest alumni matriculated to college in september 2012. our KiPP through college (Ktc) program is one of the key reasons for this success. Ktc offers support:

…and through collegeKtc not only supports students on their journey to college, but also directly supports them through college graduation by:

• mentoring alumni

• assisting with college course selection and advisement on majors

• Providing social and emotional support

• offering financial aid guidance

• assisting with career planning

• Helping students prepare and build a resume

• connecting alumni with other KiPPsters in college throughout the country

• Parent workshops

the FutuRe MatteRS; so does every moment between now and then.

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What we docollege knowledge and social skills

our goal is

75% college completion for KiPP massachusetts

students.

KiPP academy lynn Founding class of 2012

lynn Public school students (2011)

ma students (2011)

92%85%

69%

59%

83%

75%

HigH scHool graduation college matriculation

“i was able to develop many good academic habits in high school, but i learned them at KiPP. When other middle schoolers were rushing aimlessly through their school days, i was learning how to be an alert, active student who takes great pride in his work. i often find myself “tracking” in class though other students aren’t paying attention, or checking over my homework one more time so i don’t get an iHW. of course, these rules and penalties don’t exist here in college, but they are great habits that will continue to help me get the most out of my education.” KHalil Flemming, amHerst college student and Founding class oF 2012

“the motto, ‘there are no excuses’ has become a lifestyle for me. there’s no point in not doing the work and trying to come up with an excuse to give your professor. in the end, it’s up to you to put in the work towards your education because what you put in is what you get out. KiPP really did teach me valuable life lessons, and as i grow and mature, KiPP’s values still help me work towards becoming a better person and a better citizen.” natalia rosa, lesley university student and Founding class oF 2012

“What i learned at KiPP is beyond the scientific method and algebra equations; KiPP has helped me to develop a work ethic and mindset that have enabled me to succeed academically through high school and now college. KiPP allows students to see the bigger picture, to see that if you want something great out of life or if you don’t want your parents to struggle, you have to work hard at it. there are people who want to see you fail, but there are also people like KiPP that will do anything they can to show you that you can win and be the best that you can be.” cHyna HoPe, college oF tHe Holy cross student and Founding class oF 2012

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Intensive coaching

• teachers are observed 15-20 times per year by their coach

• each teacher meets weekly to debrief observations, plan future lessons and analyze student assessments

constant opportunities for learning

• teachers participate in weekly group development sessions led by principals and fellow teachers

• at Kalc weekly professional development sessions are differentiated so veteran teachers have the opportunity to be pushed while newer teachers are grounded in strong planning and classroom culture practices

• teachers can participate in KiPP’s national retreats, communities of practice, and the KiPP school summit

student Data and curriculum Resources

• teachers have access to KiPP share, a national site for sharing curriculum instructional resources

• student data is gathered through internal methods and national tests to allow teachers to customize their teaching and hone their techniques

“Professional development at KiPP allows for teachers to continually grow and improve the same way that we expect our students to grow and develop. at KiPP i have a personal coach who observes me, gives critical feedback, and holds me accountable – it addition to the whole staff Pd that we have every week. it is what has turned me from a science major into a science teacher!”

Jessica naKaJima KiPP academy lynn science teacHer

What we doProfessional development

Because we at KiPP believe learning is a lifelong process, we offer opportunities for our teachers to learn from their peers within our schools and across the national KiPP network. We develop our teachers through regular observation, planning, and data conferences to ensure every student receives the extra support or challenge that he or she needs to grow and thrive. in order to ensure great teaching and learning in every classroom, we provide:

all childrenWIlllearn.

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Why it matterscollege graduation: a national impact

*According to a 2009 report by McKinsey & Company: The Economic Impact of the Achievement Gap in America’s Schools Nationally, 36% of

students who attend KIPP graduate from college – More than 4x the rate of their low-income peers.

thE EConoMIC GAP IMPoSED on thE UnItED StAtES By thE

8% college graduationRAtE oF LoW-InCoME StUDEntS IS thE EqUIvALEnt oF A

permanent national recession.*

increasing the national college graduation rates of low-income students from 8% to 30% would add between $400 billion and $650 billion to our annual gdP.*

nationally, KiPP’s college success rate is greater than the average u.s. college

graduation rate, 31 percent, and far exceeds the national rate of low-income

students who earn a bachelor’s degree.

KiPP nationwide low-income students nationwide

94%

70%

84%

41%36%

8%

HigH scHool graduation

college matriculation

college graduation

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in lynn, there are nearly 300 students vying for approximately 96, 5th grade seats available each school year. By 2020, KiPP ma will serve 10% of the lynn public school population.

in 2012, 14,700 students applied for the 5,600 charter school seats available in Boston. By 2020, KiPP, with other innovative schools, will serve nearly 20% of the Boston public school population.

Why it mattersimpact

2012 McAs ResultsMASSAChUSEttS CoMPREhEnSIvE ASSESSMEnt SyStEM

KiPP academy lynn (Kal) students as compared to their own earlier scores and compared to their peers in lynn and massachusetts.

our goal is to raise the bar for whatall parents and families expect from a public school education.

FoR the PaSt eIGht yeaRS, StUDEntS At KIPP MASSAChUSEttS hAvE ConSIStEntLy

outperformed their peersIn Lynn AnD MASSAChUSEttS AS A WhoLE.

CReDo: When there are problems, we look for solutions. When there is a better way, we find it. When a teammate needs help, we give. When we need help, we ask.

MAtH

84

30

81

48

59

30

KiPP academy lynn lynn Public schools ma

4th grade (pre-Kipp)

8th grade

89

scIence

69

49

58 55

28

5th grade 9th grade

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How we are doingthe six essential Questions

qUEStIon 1Are we serving the children who need us?our goal is to provide a college-preparatory education to underserved young people in lynn and Boston. last year, we served 84% students of color in our two lynn schools. eighty-four percent (84%) qualified for free/reduced price meals, and 13% received special education services. our new middle school in Boston has a student body that is 100% latino or african american, 92% of KiPP academy Boston students receive free/reduced price lunches and 21% receive special education services. overall, we are pleased to be serving the kids that need us most.

qUEStIon 2Are our children staying with us?We remain actively engaged with our students & families to foster long term relationships that keep our kids with us. For the past three years, KiPP academy lynn middle school has achieved a retention rate of 96% or higher, which exceeds most other charter schools and is the highest in the KiPP national network.

qUEStIon 3Are our children progressing and achieving academically?our mission at KiPP ma is to make sure our students are on track to college and career readiness which is assessed in a variety of ways including the mcas. eighty-six percent of our ninth graders scored advanced or proficient in Biology, which is traditionally a tenth grade subject. Fifth grade science grew 30 points and 5th grade reading grew significantly. For the areas in which our students did not show improvement we have implemented strategies to get them back on a path of achievement and growth including frequent review of student assessment data to better individualize, re-teach, and remediate, as well as providing more intensive coaching for all teachers.

qUEStIon 4Are our alumni climbing the mountain to and through college?this fall, KiPP sent its first class of students to college. eighty-six percent (86%) of KiPP lynn middle school’s original class 2012 began college at many great schools including simmons college, Keene state college and manhattanville college. to help them persist to and through college, the KiPP through college Program will provide social and emotional support to our college-enrolled alumni, as well as assistance in finding summer internships.

qUEStIon 5Are we building a sustainable people model?our teachers & staff are our greatest assets. in order to cultivate, support, and ultimately retain them from year to year, KiPP massachusetts places a strong emphasis on professional development, coaching, and leadership training. in Fiscal year 2012, we retained 96% of our teaching staff.

qUEStIon 6Are we building a sustainable financial model?in order to keep serving Boston-area students for years to come, we must make sure KiPP ma is financially stable. When our five projected schools reach full enrollment in 2020, KiPP ma will be 95-97% sustainable on public funding (based on current funding rates). our beautiful new school facility in lynn was built for 40% less money than a new high school building in a neighboring north shore community. as we progress toward full growth and a primarily publicly funded model, we will keep a sharp eye on how our finances affect our future.

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our plan for the future2,100 students at Five schools

By FISCAL yEAR 2020,KIPP MaSSaChuSettS WIll SeRve MoRe thaN

2,100 students at 5 schools

In lynn AnD Boston

Fy2011 Fy2012 Fy2013 Fy2015 Fy2020

370 students1 school

469 students2 schools

664 students3 schools

1,071 students4 schools

2,160 students5 schools

Elementary SchoolGrades K-4th

Middle SchoolGrades 5th-8th

high SchoolGrades 9th-12th

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our plan for the futuresustainability

all FIve SChoolSIN the KIPP MaSSaChuSettS NetWoRK WIll ReaCh

95% sustainabilityon puBlIc FunDIng By Fy20.

“KiPP ma is building financial sustainability. We are demonstrating that high quality schools can grow to reach sustainable scale – where cost per student is reasonable, finances are sound, and private funding investments in growth position the organization to then sustain itself primarily on well – spent public funding while providing the extended learning time and support required for great outcomes.”

JoHn KalaFatas, cHieF oPerating oFFicer, KiPP ma

$8.7M

Fy12

Public Funding Private Funding

$11.9M

Fy13

$16.1M

Fy14

$20.1M

Fy15

$24.8M

Fy16

$28.6M

Fy17

$32M

Fy18

$34.9M

Fy19

$38.2M

Fy20

Fy2012- Fy2020 totAl Revenue

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In Fiscal year 2012, KIpp MA began the quiet phase of a five year, 10M growth capital campaign to support the growth necessary to serve more kids and families in Massachusetts.

our plan for the futurethe road to sustainability: growth capital campaign

investors in the campaign will help us provide:

• school start-up Funds: to subsidize early growth of each new school for several years until that business unit reaches full enrollment and public tuition funds (plus a smaller amount of private annual funds) cover the annual operating budget.

• Regional Headquarters/programs: up front, private investment in the management talent, capacities, and systems to support a larger network of schools, along with investment in programming (special education, alumni support, ell) that supports our region-wide to and through college outcomes.

• A strengthened Balance sheet: to improve working capital and support a growing budget and operating reserves as risk mitigation against unexpected changes in public revenue.

“the growth capital fund will enable us to build the infrastructure necessary to scale, and ultimately provide the sustainable K-12 education and alumni support program our kids need to be successful through college completion.”

micHael Kendall, KiPP ma Board cHair

aCCouNtaBIlIty starts and ends with me.

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assets

current assets

cash and cash equivalents 1,265,480

restricted current assets 1,494,807

accounts receivable 484,048

current Portion of Pledges receivable 812,333

Prepaid expenses and inventory 45,326

totAL CURREnt ASSEtS $ 4,101,994

capital assets, net 180,281

restricted non-current assets 25,009,167

Pledges receivable, net of current portion 1,398,878

long term investments 401

Building acquisition, Financing costs, and deferred expenses

22,939,966

totAl Assets $ 53,630,687

liaBilities and net assets

liabilities

current liabilities 293,500

Accounts Payable and Accrued Expenses 2,794,186

non-current liabilities

Notes Payable 25,861,500

Bonds Payable 17,500,000

totAl lIABIlItIes $ 46,449,186

net assets

investment in capital assets (net of related debt)

(18,139)

temporary restricted 5,474,360

unrestricted (non-capital) 1,725,280

totAl net Assets $ 7,181,501

totAl lIABIlItIes AnD net Assets $ 53,630,687

In Fiscal year 2012, we completed construction on our new 68,000-square-foot facility on High Rock street in lynn, which opened in August 2012.

Fiscal year 2012 Financialsstatement oF activityJuly 1, 2011 – June 30, 2012

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operating Revenue and expensesoPerating revenue

Per-pupil tuition and government grants 6,199,378

Private grants and contributions 2,274,052

Program Fees 287,883

interest income - notes receivable 878,459

total oPerating revenue $ 9,639,772

oPerating exPenses

instructional services 6,317,815

salaries and Benefits-administration 1,302,467

operation and Plant maintenance 474,199

non-operating capital Facilities costs 563,711

total oPerating exPenses $ 8,658,192

change in net assets before general revenue $ 981,580

general revenue (exPenses)

capital grants 723,232

Interest and other 99,876

asset management Fee (151,325)

total general revenue $ 671,783

change in net assets after general revenue $ 1,653,363

net assets: Beginning of year $ 5,527,737

net assets: end of year $ 7,181,100

Fiscal year 2012 FinancialsexPenses and revenueJuly 1, 2011 – June 30, 2012

Revenue

expenses

private Fundraising sources

17% Private grants and contriButions

7% oPeration and Plant maintenance

28%individuals

> 1% otHer

21% administration

5% corPorations

82% state and

Federal entitlements

82% instructional

and PuPil services

68% Foundations

26

our supporters July 1, 2011 – June 30, 2012

capital campaignAll gifts

anonymousmr. and mrs. Joel and mary abramsonamelia Peabody Foundationmr. Bob Baldwin and Qroe developmentmr. and mrs. andrew and melora BalsonBoston Private Bank and trustms. danielle Boudreau and mr. Patrick moriartymr. and mrs. John and mollie Byrnescommunities Foundation of texasms. Jennifer davismr. Joseph dealthe demakes family and old neighborhood Foodsmr. don durkeeeastern Bank charitable Foundationthe egan Family Foundationdr. ralph epsteinmr. and mrs. thomas and susan Fredellmr. mark i. gelfandms. Barbara goldman mr. and mrs. martin and maxine goldmanms. diane t. gracems. Karen Harveymr. tony Heliesmr. and mrs. Juleby and Paola Hirschmr. and mrs. John and susan Kanemr. and mrs. michael and alida Kendallmr. stig leschly and ms. sherri rivamr. chuck longfieldthe lynch Foundationthe lovett Woodsum Family Foundationmr. and mrs. Bruce and denyse martinms. Frances mclaughlinmr. and mrs. Paul and Pat mclaughlinmr. and mrs. morton and suzanne mcPhailms. liz meehanmr. mark nunnelly and ms. denise dupremr. and mrs. leopold and lia o’donnellmr. saul Pannellms. Jennifer Parkosms. regina Pisamr. dan revers and arclight capital Partnersms. meg reynolds and mr. skip mcKeems. Kelly rigbymr. and mrs. robert and evelyn rothbardmr. and mrs. nathan and erin sandersmr. and mrs. robert and ruth saltermr. and mrs. arthur and linda schwartzmr. and mrs. scott and susan sarazenmr. and mrs. scott and amanda seidermr. and mrs. rick and susan settelmeyerskanska usa Buildingmr. edwin turk smithmr. and mrs. eric and sarah svensonthe van otterloo Family Foundationmr. and mrs. rod and catherine Walkeyms. mary ann Williamsmr. and mrs. clark and sheila Willmottmr. and mrs. david and susan Zoia

Annual Fund Fy12$50,000 or morems. Barbara goldmanthe sally Foss and James scott Hill Foundationms. elinor svenson

$10,000 to $49,999abrams FoundationBain capitaleastern Bank charitable Foundationmr. and mrs. robert and evelyn rothbardWellington management Foundation

$5,000 to $9,999mr. and mrs. skip and rebecca Besthoffms. Katherine Bradleygeneral electric companymr. skip mcKee and mrs. meg reynolds mcKeemr. and mrs. rick and Joanne spillanethe ramsey mccluskey Family Foundationmr. and mrs. marc and robin Wolpow

$1,000 to $4,999 mr. John arata and ms. nancy Perkinsmr. and mrs. Jonathan Block and Jennifer Beylson

Blockms. danielle Boudreau and mr. Patrick moriartymr. Jeffrey Boyermr. and mrs. shawn and Kathleen Bragdonmr. and mrs. Bill and Kim dadasismr. and mrs. michael and Barbara eisensonmr. and mrs. matt and Katie Fatesmr. and mrs. thomas and susan Fredellledgeways charitable trustmrs. Jane leemr. and mrs. rob and gail mazzaresemr. and mrs. richard and Barbara mooremr. and mrs. thomas and Jill Pappasmr. and mrs. Jon and Beth Paysonmr. ernest Pusaterimr. and mrs. scott and susan sarazenmr. and mrs. arthur and linda schwartzmr. Peter schwarzenbachmr. and mrs. scott and amanda seidermr. and mrs. sherif and mary nadathe egan Family Foundationthe sunflower Foundationmr. John thorndike and ms. Kathryn PricetiFF advisory services

uP to $999mr. and mrs. Joel and mary abramsonBank of america matching gift Programms. mary lou Forster Barrymr. arthur Bermanmr. and mrs. george and nancy Bollnmr. and mrs. andy and Jennifer Borggaardmr. raymond e. Briggsmr. derek clark and ms. monica Brunomr. Herbert cohnms. Helena d’angeloms. Jennifer davismr. anthony deangelomr. and mrs. christopher and Kimberly ebelingmrs. m. Hollis ehligdr. ralph epsteinmr. and mrs. Phil and Jenny evansmr. donald Feldmanmr. and mrs. thomas and shelia Fitzgeraldmr. and mrs. ted and lauren FitzPatrick

mr. and mrs. tom and carla Fortmannmr. and mrs. John and lila Fostermr. and mrs. Joe and anne Francismr. and mrs. alan and lyn Freemanmr. and mrs. gilbert and Barbara goldenbergmr. steve goldmanmr. and mrs. don and catherine gracemr. Buck gradermr. and mrs. gordon and linda Hallmr. and mrs. david and laurie Harkms. sue Harrismr. and mrs. Jeff and Beth HarveyHeritage Wholesalersmr. and mrs. david and Kathy Hoffmanms. Jennifer Holleranmr. John Hudsonmr. and mrs. christopher and Kimberly HutchinsonJ&J sales and marketingmr. david Johnsonms. caroline Kanemr. matthew Kanems. Joyce Kaplanmr. Paul Konnersman and ms. diane Jensenms. sergei and Helen lembergms. marilyn lorellimr. and mrs. chuck and Peggy loudenmr. and mrs. deke and divya mathieums. Frances mclaughlinmr and mrs. melvin and sylvia miznerms. Katherine mooremr. and mrs. don and louisa morganms. margery munromr. curt myersnational center on time and learningnoble High school Professional development centermr. and mrs. ed and Bodil ohlssonmr. and mrs. Brian and laura Plunkettmr. and mrs. scott and lisa semplemr. and mrs. Jeff and lynn shoremanmr. and mrs. dan and Bobbi smithmr. and mrs. robert and rachel smithmrs. Judith a straussmr. and mrs. Phil and nichola thompsonms. Helene turpynmr. todd Washburnmr. and mrs. Barry and nancy Waynemr. Harry Weinermr. and mrs. michael and roni Widmermr. and mrs. gaddis and susan Wittjenmr. and mrs. david and susan Zoiamr. Frank Zych

growth capital campaignCumulative through November 1, 2012

mr. and mrs. Josh and anita Bekensteinmr. tony Heliesmr. and mrs. michael and alida Kendallthe lovett Woodsum Foundationthe louis calder Foundationnew schools venture Fundmr. dan revers and arclight capital Partnersmr. and mrs. linda and arthur schwartzmr and mrs. scott and amanda seiderthe Walton Foundation

We aRe a teaM & FaMIly. We teach and work in schools and communities, not just in classrooms.

27

90 High rock streetlynn, massachusetts 01902

www.kippma.org

KIPP Ma Board of Directorsmr. michael Kendall, chair Partner, goodWin Proctor llPms.

ms. Jennifer davis, vice chair co-Founder and President, massacHusetts 2020

ms. danielle Boudreau, secretary nonProFit consultant

mr. nathan sanders, treasurer director, Bain caPital, llc

mr. skip Besthoff general Partner, castile ventures

mr. John connors iii co-Founder, tHe BoatHouse grouP

mr. thomas Fredell co-Founder and ceo, Foralltime, llc

ms. Barbara goldman consultant, Plan B ventures; co-Founder, Friends oF yemin orde

ms. Frances mclaughlin cHieF oPerating oFFicer, education Pioneers

mr. Jim Peyser Partner, neWscHools venture Fund

mr. scott sarazen managing director, ernst & young

mrs. amanda seider managing director For alumni aFFairs, teacH For america - greater Boston

KIPP Ma Regional leadership teammr. caleb dolan executive director, KiPP ma

mr. John Kalafatas cHieF oPerating oFFicer, KiPP ma

ms. Jennifer Parkos cHieF develoPment oFFicer, KiPP ma

ms. alexis rosado director oF KiPP tHrougH college, KiPP ma

ms. anna Breen PrinciPal, KiPP academy lynn middle scHool

ms. drea deangelo Founding PrinciPal, KiPP academy lynn collegiate HigH scHool

ms. christine Barford Founding PrinciPal, KiPP academy Boston

Documents

KIPP MA Annual Report 2012