Overview
What is Hypothekids Inc?
Hypothekids Inc, a 501c3 organization based in New York, NY, is a nonprofit committed to offering underserved students enriching experiences in science and engineering. Their primary mission is to equip these students with the necessary skills to excel in the high-tech economy of the future. Hypothekids achieves this through hands-on educational and mentorship programs. As a recreational or summer camp, they provide a unique learning environment that fosters innovation and growth among their participants. The organization's initiatives, such as those detailed in Attachment 1, are designed to empower the next generation to thrive in the ever-evolving technological landscape.
Official website here: www.hypothekids.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Hypothekids Inc has received an 83% score from Charity Navigator, which indicates a solid level of accountability and financial health. The organization boasts a strong independent board, with 88% of its members being independent, and maintains a low liabilities to assets ratio of 0.92%. Additionally, its program expense ratio of 78.09% suggests that the majority of its funds are directed towards its programs rather than administrative costs.
However, there are some areas of concern noted in the evaluation. The charity is missing both a whistleblower policy and a document retention and destruction policy, which are important components of good governance. These omissions may indicate a need for improvement in their operational protocols to ensure transparency and accountability.
Overall, while Hypothekids Inc demonstrates strength in its financial management and board independence, addressing the missing policies could enhance its governance framework and provide greater assurance to stakeholders regarding its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Hypothekids Inc legitimate?
Hypothekids Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hypothekids 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: $84,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $369,571
For more financial information, click here
Official website here: www.hypothekids.org
What is the mission statement of Hypothekids Inc?
Hypothekids Inc's mission is centered around providing underserved students with practical science and engineering education and mentorship experiences. This initiative aims to prepare these students for success in the high-tech economy of the future. By doing so, Hypothekids aims to equip them with the necessary skills to thrive in the technological landscape of tomorrow. The organization operates as a 501c3 organization, under the umbrella of Harlem Biospace, offering hands-on educational experiences and mentorship opportunities.
Official website here: www.hypothekids.org
Who is the CEO of Hypothekids Inc?
Christine Kovich is the Director/Executive Directo of Hypothekids Inc.
Official website here: www.hypothekids.org
What is the revenue of Hypothekids Inc?
Hypothekids Inc's revenue in 2022 was $918,236.
Official website here: www.hypothekids.org
Who are the executives of Hypothekids Inc and what are their salaries?
The average compensation at Hypothekids Inc during 2022 was $17,445. There are 26 employees and 25 volunteers at Hypothekids Inc.
Here are 9 key members and their salaries:
- Compensation: $84,000
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
Official website here: www.hypothekids.org
Where can I find the form 990 for Hypothekids Inc?
Hypothekids Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hypothekids.org
Learn more at the official website: www.hypothekids.org
Mission Statement of Hypothekids Inc
Hypothekids, a nonprofit organization, is dedicated to empowering underserved students by providing them with engaging science and engineering educational experiences and mentorship opportunities. This initiative, known as Hypothekids, aims to equip these students with the necessary skills to thrive in the high-tech economy of the future. By offering hands-on educational experiences, Hypothekids seeks to foster a love for science and engineering among its participants, ultimately preparing them for success in the technological world.
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Impact
July, 2024
Hypothekids Inc's impact is profound as it provides underserved students with hands-on science and engineering educational experiences, empowering them to thrive in the high-tech economy of the future. Through its recreational and summer camp programs in New York, NY, Hypothekids Inc is shaping the next generation of STEM leaders, equipping them with the skills and mentorship they need to succeed in a rapidly evolving world.
This information is meant to be a general summary of Hypothekids 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: $133,849
- Gross Receipts: $918,236
Assets and Liabilities:
- Total Assets: $649,577
- Total Liabilities: $27,545
- Net Assets: $622,032
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFTER SCHOOL FEES
Revenue
$133,849
Organization Details
Founding Year
2014
Phone
(646) 389-4475Principal Officer
Christine Kovich
Main Address
423 WEST 127TH STREET, NEW YORK, NY, 10027
Website
www.hypothekids.orgNTEE Category
Code: N20 - Recreation
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