Kipp Massachusetts Inc
- Assets
- $2.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Lynn, MA
- Founding
- 01/2015
- Data as of
- 06/2021
- EIN
- 46-4881350
Organization Overview
Kipp Massachusetts Inc is located in Lynn, MA. The organization was established in 2015. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Kipp Massachusetts 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 06/2021, Kipp Massachusetts Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $986.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (16.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kipp Massachusetts Inc has awarded 22 individual grants totaling $15,259,458. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT KIPP ACADEMY LYNN PUBLIC CHARTER SCHOOLS AND KIPP ACADEMY BOSTON CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE FINANCIAL WELL-BEING OF KIPP ACADEMY LYNN PUBLIC CHARTER SCHOOLS AND KIPP ACADEMY BOSTON PUBLIC CHARTER SCHOOLS (THE SCHOOLS) BY SOLICITING, RECEIVING AND ADMINISTERING FUNDS FOR CONSTRUCTION, OPERATION AND MAINTENANCE OF THE SCHOOLS, AND TO SUPPORT CONTINUTED EDUCATION OF ALUMNI OF THE SCHOOLS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Hutter President | OfficerTrustee | 1 | $0 |
David Parmele Vice President & Treasurer | OfficerTrustee | 1 | $0 |
Brenda Quintanilla Member | 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 | $1,940,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,940,450 |
| Total Program Service Revenue | $0 |
| 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 | $1,940,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $916,038 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $60,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $986,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,083,937 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $74,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,157,937 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $216,479 |
| Total liabilities | $216,479 |
| Net assets without donor restrictions | $1,863,843 |
| Net assets with donor restrictions | $77,615 |
| 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 | $2,157,937 |
Grants Awarded
Over the last fiscal year, Kipp Massachusetts Inc has awarded $916,038 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KIPP ACADEMY LYNN PUBLIC CHARTER SCHOOL PURPOSE: FUNDING GENERAL OPERATIONS OF THE CHARTER SCHOOL | $854,458 |
KIPP ACADEMY BOSTON PUBLIC CHARTER SCHOOL PURPOSE: FUNDING GENERAL OPERATIONS OF THE CHARTER SCHOOL | $61,580 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Kipp Massachusetts Inc has recieved totaling $494,858.
| Awarding Organization | Amount |
|---|---|
Barr Foundation Boston, MA PURPOSE: EDUCATION: TO SUPPORT CLIMATE RESILIENCE, GREENWAYS, AND WATERFRONT ACTIVITIES | $250,000 |
One8 Foundation Boston, MA PURPOSE: EDUCATION | $50,000 |
Liberty Mutual Foundation Inc Boston, MA PURPOSE: BOSTON K-8 SUPPORT AND RECOVERY | $40,000 |
Sally F & James Scott Hill Princeton, NJ PURPOSE: EDUCATION | $37,000 |
George H & Jane A Mifflin Memorial Fund Boston, MA PURPOSE: LEARNING OPPORTUNITIES | $30,000 |
Liberty Mutual Foundation Inc Boston, MA PURPOSE: BOSTON K-8 SUPPORT AND RECOVERY | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For Public Schools Inc New York, NY | $69,123,846 | $27,701,638 |
National Collegiate Inventors & Innovators Alliance Hadley, MA | $19,763,432 | $45,805,073 |
Ernst & Young Foundation New York, NY | $39,971,970 | $27,635,064 |
Kipp New York Inc New York, NY | $134,718,837 | $36,118,873 |
Nellie Mae Education Foundation Inc Quincy, MA | $585,493,964 | $94,584,276 |
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |