Overview
What is Kipp Texas Future Fund?
Kipp Texas Future Fund is a nonprofit organization located in Houston, Texas, specifically at 10711 KIPP Way, 77099. Its primary purpose is to provide financial aid for public charter schools, such as KIPP Texas, aligning with donors' intentions. The fund not only offers capital dollars but also extends support to KIPP Texas as needed. This nonprofit organization plays a crucial role in backing the educational initiatives of KIPP Texas, ensuring the continuity and success of their public charter schools.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Kipp Texas Future Fund has received a positive evaluation from Charity Navigator, achieving an 86% score and a Three-Star rating. This rating reflects strong organizational practices, particularly in accountability and financial oversight. The charity demonstrates a commitment to governance, with 100% of its board members being independent, and it maintains rigorous financial management practices.
The organization shows a solid financial footing, highlighted by a low liabilities to assets ratio of just 0.05%, indicating minimal debt. Additionally, a high program expense ratio of 79.41% signifies that a significant portion of its funds is allocated directly to its programs, enhancing its overall effectiveness in fulfilling its mission.
While the ratings are strong, potential donors might consider any further context about the organization's long-term impact and operational challenges. Overall, Kipp Texas Future Fund appears to be a well-managed nonprofit with a transparent financial structure and strong governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Kipp Texas Future Fund legitimate?
Kipp Texas Future Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kipp Texas Future Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Kipp Texas Future Fund?
The Kipp Texas Future Fund's mission is to provide financial aid to public charter schools similar to Kipp Texas, Inc. This includes allocating capital funds in accordance with donor intentions and offering support to Kipp Texas when necessary. The fund aims to contribute to the growth and success of these public charter schools. By doing so, Kipp Texas Future Fund contributes to the education sector, fostering opportunities for students and communities.
Who is the CEO of Kipp Texas Future Fund?
Son Han is the Chairman of Kipp Texas Future Fund. The CEO's salary of Kipp Texas Future Fund is $0 and their total compensation is $485,648.
What is the revenue of Kipp Texas Future Fund?
Kipp Texas Future Fund's revenue in 2022 was $2,357,604.
Who are the executives of Kipp Texas Future Fund and what are their salaries?
There 5 volunteers at Kipp Texas Future Fund.
Here are 7 key members and their salaries (Kipp Texas Future Fund's CEO's salary is $0 and their total compensation is $485,648):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $452,810
- Other: $32,838
- Compensation: $0
- Related: $209,882
- Other: $21,299
Where can I find the form 990 for Kipp Texas Future Fund?
Kipp Texas Future Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kipp Texas Future Fund
Kipp Texas Future Fund, as a nonprofit organization, is dedicated to providing financial assistance to public charter schools, specifically Kipp Texas, Inc. Their mission is to supply capital dollars to these schools in accordance with donor intentions. Beyond this, Kipp Texas Future Fund extends its support to Kipp Texas, offering aid whenever necessary. This commitment to backing the educational endeavors of public charter schools, guided by donor intentions, and offering additional support to Kipp Texas, reflects the organization's mission to contribute positively to the educational landscape.
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Impact
October, 2024
KIPP Texas Future Fund significantly impacts public education by providing essential financial resources to charter schools such as KIPP Texas, Inc. Based in Houston, the fund allocates capital dollars in alignment with donor intent, ensuring that schools have the necessary funds for infrastructure, educational programs, and other critical needs. This support not only enhances the quality of education within KIPP Texas schools but also promotes the growth and sustainability of these institutions. By addressing financial gaps, the KIPP Texas Future Fund plays a vital role in empowering students and communities, fostering a brighter future through accessible and high-quality education.
This information is meant to be a general summary of Kipp Texas Future Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,352,681
- Gross Receipts: $13,957,244
Assets and Liabilities:
- Total Assets: $109,023,768
- Total Liabilities: $69,000
- Net Assets: $108,954,768
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Organization Details
Founding Year
2006
Phone
(832) 328-1051Principal Officer
Son Han
Main Address
10711 KIPP Way, Houston, TX, 77099
NTEE Category
Code: B12 - Education
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