KIPP Reviews Friends of KIPP Lease Transaction
Kipp MorialSchool · New Orleans, LA- Disclosed value
- $22 million capital asset; $15 million loan receivable replaced and $7 million in cash used to pay off long-term debt
- From minutes
- Document date
- Dec 11, 2024
The 30-second brief
KIPP New Orleans Schools reviewed a recent KIPP Believe lease transaction involving Friends of KIPP. The acquisition created a $22 million capital asset and supported repayment of Friends of KIPP's remaining long-term debt.
Friends of Kipp holds this facilities contract with Kipp Morial.
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Contract details
- Contract type
- Facilities
- Amount
- $22 million capital asset; $15 million loan receivable replaced and $7 million in cash used to pay off long-term debt
- Document date
- December 11, 2024
- Vendor
- Friends of Kipp
- Agency
- Kipp Morial
- Source document
- KIPP New Orleans Schools Finance Committee Meeting Minutes 2024-12-11 (Minutes)
Friends of Kipp's other public contracts
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Questions about this contract
Who was awarded the facilities contract by Kipp Morial?
Friends of Kipp was awarded this facilities contract by Kipp Morial, as recorded on December 11, 2024. The contract value is $22 million capital asset; $15 million loan receivable replaced and $7 million in cash used to pay off long-term debt.
How much is the Friends of Kipp contract with Kipp Morial worth?
The Friends of Kipp contract with Kipp Morial is valued at $22 million capital asset; $15 million loan receivable replaced and $7 million in cash used to pay off long-term debt, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a minutes record.
Where was this contract approved?
This contract appears in KIPP New Orleans Schools Finance Committee Meeting Minutes 2024-12-11 (Minutes), dated December 11, 2024 from Kipp Morial. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Friends of Kipp hold?
Friends of Kipp may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Kipp Morial currently buying?
Explore Kipp Morial's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.