Overview
What is Pips Education Fund Inc?
Pips Education Fund Inc, based in New York City, is a nonprofit organization committed to bridging the education equity gap. Leveraging the Pips Rewards app, a mobile platform, they operate an innovative program called Pips for School (P4S). P4S encourages students to partake in responsible actions such as biking, recycling, volunteering, and helping their communities, earning Positive Impact Points (PIPS) that can be converted into scholarships for their education. The charitable purpose of Pips Education Fund is to recognize and reward students' engagement in health and sustainability behaviors, ultimately contributing to their academic funds. With a staff of five individuals, Pips Education Fund aims to inspire and empower students to make a positive impact, both personally and environmentally.
Official website here: www.pipseducationfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating
Pips Education Fund Inc has achieved a 77% overall rating, indicating a satisfactory level of accountability and finance management with a strong score of 83% in this area. The organization demonstrates solid governance practices, with 83% of its board members being independent. It maintains a healthy liabilities-to-assets ratio at 10.94% and allocates 84.71% of its expenses directly to programs, reflecting effective resource allocation.
However, the organization has notable weaknesses, particularly in its governance policies. It lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which have affected its score in accountability and financing. Despite these limitations, the organization garners high praise for its engagement with constituents, showing 100% in feedback collection and usage, suggesting it is responsive to the community it serves.
While Pips Education Fund Inc exhibits strong financial practices and community engagement, its absence of critical governance policies indicates areas for improvement to bolster transparency and trust. Overall, the organization demonstrates the potential for positive impact, albeit with room to enhance its operational protocols.
This AI summary has been generated from information found on Charity Navigator.
Is Pips Education Fund Inc legitimate?
Pips Education Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pips Education Fund Inc 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: $16,458
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.pipseducationfund.org
What is the mission statement of Pips Education Fund Inc?
Pips Education Fund Inc's mission is centered around bridging the education equity gap. They achieve this by encouraging student engagement in various aspects of personal, community, and planetary action. This engagement is recognized and rewarded through the Pips Rewards app, with positive impact points (PIPS). These points can be accumulated and converted into grants for school, thereby supporting educational opportunities. The goal is to foster responsible behaviors and contribute to a sustainable future, all while providing financial assistance for education.
Official website here: www.pipseducationfund.org
Who is the CEO of Pips Education Fund Inc?
Wendy Gordon is the President of Pips Education Fund Inc.
Official website here: www.pipseducationfund.org
What is the revenue of Pips Education Fund Inc?
Pips Education Fund Inc's revenue in 2022 was $570,779.
Official website here: www.pipseducationfund.org
Who are the executives of Pips Education Fund Inc and what are their salaries?
The average compensation at Pips Education Fund Inc during 2022 was $3,292. There are 5 employees at Pips Education Fund Inc.
Here are 5 key members and their salaries:
- Compensation: $16,458
- 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
Official website here: www.pipseducationfund.org
Where can I find the form 990 for Pips Education Fund Inc?
Pips Education Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pipseducationfund.org
Learn more at the official website: www.pipseducationfund.org
Mission Statement of Pips Education Fund Inc
Pips Education Fund Inc, a charitable organization, aims to bridge the education equity gap by encouraging student engagement in actions that promote health, sustainability, and community involvement. Their mission is to transform these responsible behaviors into financial aid for school. They accomplish this through the Pips Rewards app, which rewards students with Positive Impact Points (PIPS) for their personal, community, and planetary actions. These points can be saved and converted into scholarships, thereby helping students financially to continue their education.
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Impact
July, 2024
PIPS Education Fund Inc, operating through PIPS Rewards LLC, has a significant impact on bridging the education equity gap. By engaging students in health and sustainability behaviors through their innovative PIPS Rewards app, PIPS for School program, they incentivize and reward personal responsibility. Students earn positive impact points (PIPS) for actions like biking, recycling, volunteering, and helping in their community, which can be converted into grants for school. This approach not only encourages positive behavior but also provides financial support to students in need, ultimately contributing to a more equitable education system.
This information is meant to be a general summary of Pips Education Fund Inc. 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.
- Program Service Revenue: $14,427
- Gross Receipts: $570,779
Assets and Liabilities:
- Total Assets: $602,286
- Total Liabilities: $23,752
- Net Assets: $578,534
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSCRIPTION FEES
Revenue
$14,427
Organization Details
Founding Year
2018
Phone
(212) 549-5361Principal Officer
Wendy Gordon
Main Address
1 ROCKEFELLER PLAZA ROOM 2500, NEW YORK, NY, 100202003
Website
www.pipseducationfund.orgNTEE Category
Code: T50 - Philanthropy
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