2024-05-15T20:39:29-05:00 2023-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2022-07-01 842290317 KIPP SUPPORT CORPORATION KIPP 4049246310 1445 MAYNARD ROAD NW ATLANTA GA 30331 JUSTIN ANDERSON CFO 4049246310 2024-05-15 1 JUSTIN ANDERSON XXX-XX-XXXX 0 MARY JO ALEXANDER P00002534 7709558600 2024-05-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z KINNARI PATEL-SMYTH 1445 MAYNARD ROAD NW ATLANTA GA 30331 60800 0 X WWW.KIPPMETROATLANTA.ORG X 2019 GA TO PROVIDE FUNDS FOR THE RENOVATION AND CONSTRUCTION OF KIPP MAC SCHOOLS 5 4 5 13 0 0 0 0 110000 60800 0 0 0 0 110000 60800 0 0 0 0 0 0 0 0 0 1074686 1024292 1074686 1024292 -964686 -963492 11890452 10926990 12554485 12554515 -664033 -1627525 X TO PROVIDE FUNDS FOR THE RENOVATION AND CONSTRUCTION OF KIPP METRO ATLANTA COLLABORATIVE SCHOOLS 0 0 1024263 60800 KIPP SUPPORT CORPORATION, INC. WAS FORMED IN 2019 TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE PURPOSES OF KIPP METRO ATLANTA COLLABORATIVE, INC. ("KIPP").IN AUGUST 2019, KIPP ENTERED INTO NEW MARKETS TAX CREDIT TRANSACTIONS TO ASSIST WITH FUNDING CAPITAL EXPENDITURES. THE NEW MARKETS TAX CREDIT PROGRAM ("NMTC PROGRAM") WAS ESTABLISHED BY CONGRESS IN 2000 TO ATTRACT INVESTMENT CAPITAL TO LOW-INCOME COMMUNITIES BY PERMITTING INVESTORS TO RECEIVE TAX CREDIT INCENTIVES IN EXCHANGE FOR MAKING EQUITY INVESTMENTS IN CERTIFIED COMMUNITY DEVELOPMENT ENTITIES ("CDE"). UNDER THIS PROGRAM, CERTAIN COMMERCIAL BANKS AND OTHER INVESTORS ARE ABLE TO SUBSIDIZE ELIGIBLE PROJECTS THAT MEET THE NMTC PROGRAM REQUIREMENTS.2019 NEW MARKETS TAX CREDIT TRANSACTION WAS FACILITATED BY ISSUANCE OF TWO NOTES PAYABLE TOTALING $9,840,000. THE NOTES PAYABLE BEAR INTEREST AT 1.00% AND MATURE ON DECEMBER 31, 2044. THE NOTES ARE SECURED BY THEORGANIZATION'S REAL ESTATE, EQUIPMENT, INVENTORY, AND RECEIVABLES. THE BALANCE AT JUNE 30, 2023 WAS $9,840,000. 1024263 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X KELLY SHIELDS 4049246310 1445 MAYNARD ROAD NW ATLANTA GA 30331 MINI'IMAH SHAHEED CEO & BOARD SECRETARY 1.00 60.00 X 0 269398 33706 KELLY SHIELDS CFO 1.00 60.00 X 0 160794 27186 RA'CHEL FORD COO 1.00 60.00 X 0 160529 27186 CRYSTAL NASIR CHIEF OPERATING OFFICER 1.00 60.00 X 0 179337 22119 KINNARI PATEL-SMYTH EXECUTIVE DIRECTOR 1.00 60.00 X X 0 0 0 RICK DEANE PRESIDENT 1.00 X X 0 0 0 DENNIS LOVE SECRETARY 1.00 4.00 X X 0 0 0 HECTOR CALZADA TREASURER 1.00 X X 0 0 0 BRIAN MYLOD BOARD MEMBER 1.00 X 0 0 0 KATIE OLIVER BOARD MEMBER 1.00 X 0 0 0 DAVID JERNIGAN BOARD MEMBER 1.00 X 0 0 0 0 770058 110197 0 0 1 0 0 RENTAL INCOME 532000 60800 60800 60800 60800 60800 0 0 29 29 95987 95987 928276 928276 1024292 1024263 29 0 238569 203383 13276366 2552759 11651883 10723607 11890452 10926990 9840000 9840000 2714485 2714515 12554485 12554515 X -664033 -1627525 0 0 0 0 -664033 -1627525 11890452 10926990 -963492 0 X X 0 1 X 1 0 X X 1 KIPP METRO ATLANTA COLLABORATIVE INC 113723114 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 13276366 2552759 10723607 10723607 KIPP INTERFUND 2714515 2714515 X PART X, LINE 2: THE PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS, IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES, REQUIRE THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. 0 0 0 0 0 0 0 0 0 MINI'IMAH SHAHEED CEO & BOARD SECRETARY 0 265698 0 3700 0 0 0 16456 0 17250 0 303104 0 0 KELLY SHIELDS CFO 0 157094 0 3700 0 0 0 9936 0 17250 0 187980 0 0 RA'CHEL FORD COO 0 156829 0 3700 0 0 0 9936 0 17250 0 187715 0 0 CRYSTAL NASIR CHIEF OPERATING OFFICER 0 170637 0 3700 0 5000 0 10557 0 11562 0 201456 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS DISTRIBUTED ELECTRONICALLY TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ON AN ANNUAL BASIS AS PART OF THE REVIEW OF ORGANIZATIONAL PROCESS AND PROCEDURAL HANDBOOKS. AT THE BEGINNING OF THE YEAR ALL EMPLOYEES AND BOARD MEMBERS RECEIVE AN UPDATED COPY OF THE POLICY TO ADHERE TO. IN ADDITION, ALL NEW BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT TO BE KEPT ON FILE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990 PART XII LINE 2C THE PROCESS FOR AUDITOR SELECTION AND FINANCIAL STATEMENT OVERSIGHT HAS NOT CHANGED FROM PRIOR YEAR. LAST YEAR'S AUDITORS HAVE CONTINUED AS AUDITORS FOR CURRENT YEAR. KIPP METRO ATLANTA COLLABORATIVE INC 1445 MAYNARD ROAD NW ATLANTA GA 30331 113723114 EDUCATIONAL INSTITUTIONS GA 501(C)(3) LINE 7 N/A 1 KIPP METRO ATLANTA OPPORTUNITY FUND 1445 MAYNARD ROAD NW ATLANTA GA 30331 270564258 GRANTING SCHOLARSHIPS GA 501(C)(3) LINE 10 KIPP METRO ATLANTA COLLABORATIVE INC 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 KIPP METRO ATLANTA COLLABORATIVE INC A 60800 FMV