Kipp Team And Family Schools Inc
- Assets
- $32.5m
- Revenue
- $22.9m
- Investments
- $0.0
- Employees
- 151
- Location
- Newark, NJ
- Founding
- 08/2015
- Data as of
- 06/2022
- EIN
- 46-2792701
Organization Overview
Kipp Team And Family Schools Inc is located in Newark, NJ. The organization was established in 2015. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2022, Kipp Team And Family Schools Inc employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp Team And Family Schools 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, Kipp Team And Family Schools Inc generated $22.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $24.5m during the year ending 06/2022. While expenses have increased by 3.0% 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.
Since 2015, Kipp Team And Family Schools Inc has awarded 24 individual grants totaling $31,220,721. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORTIVE SERVICES TO KIPP SCHOOLS IN NEWARK, NJ; CAMDEN, NJ; AND MIAMI FL, AND TO OPERATE FOR CHARITABLE PURPOSES WITHIN THE MEANING OF THE SECTION 501(C)(3) OF THE IRS REVENUE CODE OF 1986.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GENERAL PURPOSE OF KIPP TEAM AND FAMILY SCHOOLS INC. IS TO PROVIDE SUPPORTIVE SERVICES TO KIPP SCHOOLS IN THE NEWARK, NJ; CAMDEN, NJ; AND MIAMI FL, WHICH MAY INCLUDE, BUT SHALL NOT BE LIMITED TO THE FOLLOWING: I. CREATION OF CENTRALIZED SCHOOL SUPPORT SERVICES, SUCH AS STUDENT DATA ANALYSIS, TEACHER RECRUITING AND PROFESSIONAL DEVELOPMENT PROGRAMMING, THAT COULD BE ESTABLISHED AND IMPLEMENTED MORE EFFECTIVELY ON A REGIONAL BASIS THAN AT INDIVIDUAL SCHOOLS;II. CONSOLIDATION OF FUNDRAISING ACTIVITIES FOR MULTIPLE KIPP SCHOOLS IN NEWARK, NJ; CAMDEN, NJ; AND MIAMI FL;III. COORDINATION OF AND OVERSIGHT OVER THE GROWTH AND EXPANSION OF KIPP SCHOOLS IN NEWARK, NJ; CAMDEN, NJ; AND MIAMI FL; IV. DEVELOPMENT OF STRATEGIES TO MAXIMIZE THE POSITIVE IMPACT OF KIPP SCHOOLS ON PUBLIC EDUCATION REFORM EFFORTS IN NEWARK, NJ; CAMDEN, NJ; AND MIAMI FL; ANDV. STRATEGIC LEADERSHIP AND FINANCIAL GUIDANCE FOR KIPP SCHOOLS AND RELATED ENTITIES IN THE NEW JERSEY KIPP NETWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Hill Ceo/non-Voting Trustee | OfficerTrustee | 50 | $314,044 |
John Cozzi Chair | OfficerTrustee | 2 | $0 |
Altorice Frazier Secretary/trustee | OfficerTrustee | 2 | $0 |
Thomas Dunn Trustee | Trustee | 2 | $0 |
John Reid-Dodick Trustee | Trustee | 2 | $0 |
Nick Colucci Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Curriculum Associates Llc Curriculum Consulting | 6/29/22 | $239,994 |
Kander Consulting Llc Software Consulting | 6/29/22 | $103,500 |
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 | $6,169,579 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,169,579 |
| Total Program Service Revenue | $16,645,094 |
| Investment income | $0 |
| 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 | $22,899,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,132,948 |
| Grants and other assistance to domestic individuals. | $293,385 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $893,587 |
| Compensation of current officers, directors, key employees. | $35,744 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,707,343 |
| Pension plan accruals and contributions | $654,122 |
| Other employee benefits | $1,016,765 |
| Payroll taxes | $916,286 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,667 |
| Fees for services: Accounting | $62,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $718,282 |
| Advertising and promotion | $0 |
| Office expenses | $1,130,839 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $387,932 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $368,396 |
| Interest | $67,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,691 |
| Insurance | $77,436 |
| All other expenses | $0 |
| Total functional expenses | $24,535,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,338,061 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,020,758 |
| Accounts receivable, net | $0 |
| 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 | $921,811 |
| Net Land, buildings, and equipment | $563 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,000,000 |
| Intangible assets | $0 |
| Other assets | $7,211,430 |
| Total assets | $32,492,623 |
| Accounts payable and accrued expenses | $3,003,857 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,000,000 |
| Other liabilities | $3,969,297 |
| Total liabilities | $10,973,154 |
| Net assets without donor restrictions | $15,654,078 |
| Net assets with donor restrictions | $5,865,391 |
| 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 | $32,492,623 |
Grants Awarded
Over the last fiscal year, Kipp Team And Family Schools Inc has awarded $4,132,948 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
KIPP COOPER NORCROSS ACADEMY PURPOSE: SUPPORT AND EXPANSION FOR KCNA PUBLIC SCHOOLS IN CAMDEN, NJ. | $673,792 |
TEAM ACADEMY CHARTER SCHOOLS INC PURPOSE: SUPPORT AND EXPANSION FOR TEAM PUBLIC SCHOOLS IN NEWARK, NJ. | $2,234,156 |
COMMITTEE FOR SCHOOL EQUALITY INC PURPOSE: SUPPORT AND PROMOTE POLICIES THAT IMPROVE EDUCATIONAL OPPORTUNITIES IN THE CITY OF NEWARK AND STATE OF NEW JERSEY. | $1,000,000 |
KIPP MIAMI INC PURPOSE: SUPPORT AND EXPANSION FOR KIPP MIAMI PUBLIC SCHOOLS IN MIAMI, FL. | $225,000 |