Overview
What is Kipp Team And Family Schools Inc?
Kipp Team and Family Schools Inc is a Newark, New Jersey-based nonprofit organization dedicated to providing supportive services to Kipp Schools in Newark, Camden, New Jersey, and Miami, Florida. Their mission encompasses creating centralized school support services, consolidating fundraising activities, coordinating and overseeing school growth and expansion, developing strategies for public education reform, and offering strategic leadership and financial guidance. These services aim to maximize the positive impact of Kipp Schools in their respective communities and operate for charitable purposes as defined by IRS Section 501(c)(3). The nonprofit has a workforce of 151 employees.
Official website here: www.kippnj.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
KIPP Team and Family Schools Inc has earned a strong Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization's score reflects its commitment to transparency and sound financial practices, showcasing a perfect score in several categories, including independent board membership and the absence of asset diversion.
Strengths of KIPP include a fully independent board, which enhances governance, and a very high program expense ratio, meaning that a significant portion of their budget is directed towards their programs rather than administrative costs. Their financial oversight measures, including a well-functioning audit committee and comprehensive policies for conflict of interest and whistleblower protections, further bolster their reputation for reliability and integrity.
While the nonprofit shows excellent performance in accountability and finance, no specific limitations or challenges were noted in the available data. Overall, KIPP Team and Family Schools Inc demonstrates a robust operational framework focused on achieving its mission effectively while maintaining fiscal responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Kipp Team And Family Schools Inc legitimate?
Kipp Team And Family Schools Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kipp Team And Family Schools 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: $893,587
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,707,343
For more financial information, click here
Official website here: www.kippnj.org
What is the mission statement of Kipp Team And Family Schools Inc?
Kipp Team and Family Schools Inc is a non-profit organization established to support Kipp Schools in various locations. Its primary focus is to provide essential services to these schools, including assistance with charter applications and renewals, staffing and human resources, fundraising, financial and business management, instructional technology management, grant management, and compliance oversight. The organization has expanded its reach to include Kipp Miami in its scope. Kipp Team and Family Schools Inc aims to strengthen the educational institutions under its wing, enabling them to provide quality education to students. Through its various support services, the organization ensures that Kipp Schools have access to the resources they need to thrive and succeed in their mission.
Official website here: www.kippnj.org
Who is the CEO of Kipp Team And Family Schools Inc?
Steven Small is the Ceo/Non-Voting Trustee of Kipp Team And Family Schools Inc. The CEO's salary of Kipp Team And Family Schools Inc is $314,044 and their total compensation is $332,021.
Official website here: www.kippnj.org
What is the revenue of Kipp Team And Family Schools Inc?
Kipp Team And Family Schools Inc's revenue in 2022 was $22,899,667.
Official website here: www.kippnj.org
Who are the executives of Kipp Team And Family Schools Inc and what are their salaries?
The average compensation at Kipp Team And Family Schools Inc during 2022 was $90,072. There are 151 employees and 17 volunteers at Kipp Team And Family Schools Inc.
Here are 26 key members and their salaries (Kipp Team And Family Schools Inc's CEO's salary is $314,044 and their total compensation is $332,021):
- Compensation: $314,044
- Related: $0
- Other: $17,977
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- Compensation: $230,573
- Related: $0
- Other: $39,632
- Compensation: $235,886
- Related: $0
- Other: $15,978
- Compensation: $232,885
- Related: $0
- Other: $15,678
- Compensation: $203,156
- Related: $0
- Other: $37,026
- Compensation: $191,023
- Related: $0
- Other: $30,801
- Compensation: $239,789
- Related: $0
- Other: $13,913
- Compensation: $211,281
- Related: $0
- Other: $30,557
Official website here: www.kippnj.org
Where can I find the form 990 for Kipp Team And Family Schools Inc?
Kipp Team And Family Schools Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kippnj.org
Learn more at the official website: www.kippnj.org
Mission Statement of Kipp Team And Family Schools Inc
Kipp Team and Family Schools Inc is a nonprofit organization that provides supportive services to Kipp Schools in Newark, New Jersey, Camden, New Jersey, and Miami, Florida. Established with a charitable purpose, as defined by section 501(c)(3) of the IRS Revenue Code of 1986, the organization's mission goes beyond just offering assistance.
In essence, Kipp Team and Family Schools Inc serves as a backbone that strengthens the operational structures of Kipp Schools. It does this through a range of services, which include supporting charter application and renewal processes, managing staffing and human resources, handling fundraising efforts, ensuring financial and business management, and overseeing instructional technology management, grant management, and compliance oversight.
Moreover, Kipp Team and Family Schools Inc has expanded its geographical reach to include Kipp Miami. By providing these critical services, the organization is instrumental in enabling Kipp Schools to focus on their primary mission – delivering high-quality education to students – while Kipp Team and Family Schools Inc handles the essential yet complex tasks that come with running a charter school.
In summary, Kipp Team and Family Schools Inc plays a crucial role in the Kipp Schools network. Its mission is to offer robust support in various aspects of school operations, thereby empowering these institutions to offer the best possible education to their students.
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Impact
October, 2024
KIPP Team and Family Schools Inc. significantly enhances the educational landscape in Newark, Camden, and Miami by providing essential support services to KIPP schools. Through the creation of centralized school support mechanisms, the organization improves operational efficiency for individual schools. This includes student data analysis and professional development programs, which are more effectively implemented on a regional scale.
Moreover, KIPP Team and Family Schools Inc. concentrates fundraising efforts across multiple schools, ensuring a more robust financial foundation for educational initiatives. The organization plays a pivotal role in the growth and expansion of KIPP schools, facilitating strategic leadership and financial guidance that are crucial for sustaining educational excellence.
Their commitment to maximizing the positive impact of KIPP schools on public education reform fosters an environment of collaboration and innovation. By supporting critical processes such as charter applications and staff recruitment, KIPP Team and Family Schools Inc. directly contributes to creating quality educational opportunities for students, ultimately shaping a brighter future for the communities they serve.
This information is meant to be a general summary of Kipp Team And Family Schools 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: $16,645,094
- Gross Receipts: $22,899,667
Assets and Liabilities:
- Total Assets: $32,492,623
- Total Liabilities: $10,973,154
- Net Assets: $21,519,469
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$16,385,584
INTEREST INCOME ON NOTES RECEIVAB
Revenue
$259,510
Organization Details
Founding Year
2013
Phone
(973) 622-0905Principal Officer
Steven Small
Main Address
60 PARK PLACE SUITE 802, NEWARK, NJ, 07102
Website
www.kippnj.orgNTEE Category
Code: B02 - Education
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