Pips Education Fund Inc
- Assets
- $997.2k
- Revenue
- $557.6k
- Investments
- $0.0
- Employees
- 6
- Location
- New York, NY
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 36-4900453
Organization Overview
Pips Education Fund Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Pips Education Fund Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pips Education Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Pips Education Fund Inc generated $557.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $993.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CHARITABLE PURPOSE OF THE PIPS EDUCATION FUND IS TO HELP BRIDGE THE EDUCATION EQUITY GAP BY TURNING STUDENT ENGAGEMENT IN HEALTH AND SUBSTAINABILITY BEHAVIORS INTO SCHOLARSHIPS FOR SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PIPS EDUCATION FUND (PEF), THROUGH PIPS REWARDS LLC, OPERATES A MOBILE PLATFORM, THE PIPS REWARDS (TM) APP, (PIPS APP) THAT POWERS AN INNOVATIVE ACTION-STUDY PROGRAM CALLED PIPS FOR SCHOOL (P4S). P4S STUDENTS GET SPECIAL ACCESS TO THE PIPS APP WHICH OFFERS THEM MULTIPLE "TOUCH POINTS" THROUGH WHICH PERSONAL RESPONSIBILITYWHETHER IT'S BIKING, RECYCLING, VOLUNTEERING, OR HELPING OUT IN ONE'S HOME OR NEIGHBORHOODIS RECOGNIZED AND REWARDED WITH POSITIVE IMPACT POINTS (PIPS) THAT CAN BE SAVED UP AND CONVERTED INTO GRANTS FOR SCHOOL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Gordon President | OfficerTrustee | 1 | $31,800 |
David Helene Director | Trustee | 1 | $0 |
Susan Tu Director | Trustee | 1 | $0 |
Stephanie Browner Director | Trustee | 1 | $0 |
David Sand Director | Trustee | 1 | $0 |
Jodi Hubble Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $490,163 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $490,163 |
| Total Program Service Revenue | $68,425 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,182 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $557,617 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $63,435 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $39,565 |
| Compensation of current officers, directors, key employees. | $31,800 |
| Compensation of current officers, directors, key employees. | $15,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,983 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,911 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,093 |
| Fees for services: Accounting | $101,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,833 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $25,770 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $487,341 |
| Insurance | $23,251 |
| All other expenses | $0 |
| Total functional expenses | $993,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,345 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,039 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,576 |
| Net Land, buildings, and equipment | $18,052 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $911,228 |
| Total assets | $997,240 |
| Accounts payable and accrued expenses | $105,643 |
| Grants payable | $0 |
| Deferred revenue | $14,427 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $120,070 |
| Net assets without donor restrictions | $877,170 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $997,240 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pips Education Fund Inc has recieved totaling $440,000.
| Awarding Organization | Amount |
|---|---|
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $430,000 |
William Mead Regan Foundation Southampton, NY PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Grantham Foundation For The Protection Of The Environment Boston, MA | $585,096,833 | $210,457,800 |
Candid New York, NY | $88,006,038 | $55,202,801 |
Forsyth Dental Infirmary For Children Cambridge, MA | $46,427,599 | $15,162,236 |
Npt Charitable Asset Tr Jenkintown, PA | $16,456,984 | $30,273,580 |
Fund For The Public Interest Inc Boston, MA | $38,723,767 | $15,827,211 |
Rofeh Cholim Cancer Society Inc Brooklyn, NY | $24,523,868 | $22,653,682 |
Person To Person Inc Darien, CT | $8,508,315 | $15,004,932 |
Peter Schub Foundation New York, NY | $153,451 | $8,498,000 |
Queens College Special Projects Fund Inc Flushing, NY | $53,656,603 | $7,071,081 |
Global Impact Investing Network Inc New York, NY | $6,619,298 | $6,380,097 |
Fannie E Rippel Foundation Morristown, NJ | $0 | $6,091,281 |
Concrete Foundation Inc Craftsbury Common, VT | $101,088,945 | $16,269,821 |