Overview
What is Klare Holdings?
Klare Holdings is a nonprofit organization situated in Los Angeles, California, specifically at 1933 S Broadway St 1144, with a mission to support KIPP SoCal Public Schools. By financing, developing, leasing, and maintaining certain school facilities, Klare Holdings aims to enhance KIPP SoCal's ability to deliver joyful, academically excellent education. This partnership empowers students with the skills and confidence to pursue their desired paths in college, career, and beyond, ultimately contributing to more fulfilling lives and a more just world.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Klare Holdings has achieved a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial management. The organization has scored particularly well in several key areas, such as having a fully independent board and a high program expense ratio, which suggests that a significant portion of its resources is directed toward its mission-related activities.
The presence of strong governance policies, including conflict of interest and whistleblower policies, reflects a commitment to ethical standards and transparency. Additionally, the organization’s audit and oversight practices are robust, contributing to the overall positive assessment of its financial health and operational integrity.
However, while the organization demonstrates strong accountability measures, there may be room for further improvement in areas not detailed in the data, such as outreach or impact assessment. Nevertheless, Klare Holdings appears to effectively utilize its resources towards its objectives, maintaining a high standard of operational excellence.
This AI summary has been generated from information found on Charity Navigator.
Is Klare Holdings legitimate?
Klare Holdings is a legitimate nonprofit organization registered as a 501(c)(3) entity. Klare Holdings 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 Klare Holdings?
Klare Holdings is dedicated to supporting the mission of KIPP SoCal Public Schools by financing, developing, leasing, and maintaining certain facilities for their benefit. Through these efforts, KIPP SoCal schools can more effectively deliver on their promise to create joyful, academically excellent environments that prepare students with the essential skills and confidence to pursue their chosen paths in college, career, and beyond. Ultimately, Klare Holdings aims to help KIPP SoCal schools contribute to a more just world by empowering students to lead fulfilling lives.
Who is the CEO of Klare Holdings?
Nolan Highbaugh is the President of Klare Holdings.
What is the revenue of Klare Holdings?
Klare Holdings's revenue in 2022 was $20,876,670.
Who are the executives of Klare Holdings and what are their salaries?
There 3 volunteers at Klare Holdings.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $250,978
- Other: $29,361
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Klare Holdings?
Klare Holdings's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Klare Holdings
Klare Holdings, a dedicated organization, plays a crucial role in supporting KIPP Socal Public Schools by financing, developing, leasing, and maintaining certain school facilities. This commitment enables KIPP Socal Public Schools to more effectively carry out its mission of creating joyful, academically excellent schools that equip students with the necessary skills and confidence to pursue their chosen paths to college, careers, and beyond.
Through its facilities development efforts, Klare Holdings is instrumental in providing the infrastructure needed for KIPP Socal Public Schools to deliver on its promise to families and communities. In doing so, the organization ensures that the schools have the necessary resources to provide a high-quality education and create an environment conducive to learning and growth.
Moreover, Klare Holdings' mission is deeply intertwined with that of KIPP Socal Public Schools. By focusing on the development and maintenance of facilities, Klare Holdings enables KIPP Socal Public Schools to continue its vital work in creating a more just world. With each new project, Klare Holdings helps bring to life the vision of a future where students, regardless of their backgrounds, have the opportunity to reach their full potential and contribute to their communities.
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Impact
August, 2024
Klare Holdings plays a crucial role in supporting KIPP SoCal Public Schools by financing, developing, leasing, and maintaining school facilities. This assistance enables KIPP SoCal to effectively achieve its mission of creating academically excellent schools that prepare students for college, careers, and beyond. By providing these essential facilities, Klare Holdings contributes directly to the education and development of students, empowering them to pursue their chosen paths and ultimately work towards creating a more just world.
This information is meant to be a general summary of Klare Holdings. 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: $4,637
- Program Service Revenue: $14,830,211
- Gross Receipts: $20,876,670
Assets and Liabilities:
- Total Assets: $277,764,082
- Total Liabilities: $262,759,780
- Net Assets: $15,004,302
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$14,830,211
Organization Details
Founding Year
2008
Phone
(213) 489-4461Principal Officer
Nolan Highbaugh
Main Address
1933 S BROADWAY ST 1144, LOS ANGELES, CA, 90007
NTEE Category
Code: B112 - Education
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