Kingston Educational Holdings 1 Inc

Organization Overview

Kingston Educational Holdings 1 Inc is located in Newark, NJ. The organization was established in 2012. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kingston Educational Holdings 1 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 06/2022, Kingston Educational Holdings 1 Inc generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $7.0m during the year ending 06/2022. While expenses have increased by 2.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST TEAM ACADEMY CHARTER SCHOOL, INC. ("TEAM") WITH FINANCING IMPROVEMENTS AND RENOVATIONS TO VARIOUS SCHOOL FACILITIES OPERATED OR TO BE OPERATED BY TEAM AS PUBLIC CHARTER SCHOOL FACILITIES IN NEWARK, NEW JERSEY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ASSIST TEAM ACADEMY CHARTER SCHOOL, INC. ("TEAM") IN FINANCING IMPROVEMENTS AND RENOVATIONS TO VARIOUS SCHOOL FACILITIES OPERATED OR TO BE OPERATED BY TEAM AS PUBLIC CHARTER SCHOOL FACILITIES IN NEWARK, NEW JERSEY.


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Board, Officers & Key Employees

Name (title)Compensation
Timothy Carden
President
$0
Daniel Adan
Treasurer
$0
Gabriella Difilippo
Secretary (non-Voting)
$0
Hannah Richman
Member
$0
Steven Small
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $4,174,494
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,174,494
Total Program Service Revenue$1,647,986
Investment income $203
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,822,683

Grants Awarded

Over the last fiscal year, Kingston Educational Holdings 1 Inc has awarded $406,052 in support to 2 organizations.

Grant RecipientAmount

NCA FACILITY INC

PURPOSE: FACILITY RENOVATIONS

$72,230

TEAM ACADEMY CHARTER SCHOOL INC

PURPOSE: FACILITY RENOVATIONS

$333,822
View Grant Profile

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