Overview
What is Kipp Massachusetts Inc?
Kipp Massachusetts Inc, based in Lynn, Massachusetts, is a dedicated nonprofit organization with a primary mission to support the financial well-being of Kippa Academy Lynn Public Charter Schools and Kippa Academy Boston Public Charter Schools. This support encompasses soliciting, receiving, and administering funds for the construction, operation, and maintenance of these schools. Moreover, Kipp Massachusetts Inc is committed to fostering continued education for the alumni of these schools. By doing so, they contribute to the overall development and success of these educational institutions, thereby impacting the lives of countless students and alumni.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Kipp Massachusetts Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. This rating is based entirely on their Accountability & Finance score, which was also rated at 94%. Such a high score indicates the organization effectively manages its resources, ensuring a significant portion of its expenses goes directly to programs and services.
The nonprofit demonstrates excellent governance practices, with a 100% independent board and robust policies in place, including conflict of interest and whistleblower policies. Their financial practices are solid, evidenced by a low liabilities to assets ratio of 20.12% and a high program expense ratio of 90.24%. This shows that Kipp Massachusetts is dedicated to maximizing its impact through efficient use of funds.
While the data praises the organization's financial integrity and governance structure, it does not reflect on specific program outcomes or community impact. Therefore, potential donors may want to further investigate how effectively Kipp Massachusetts Inc translates its financial health into tangible benefits for the communities it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Kipp Massachusetts Inc legitimate?
Kipp Massachusetts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kipp Massachusetts 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Kipp Massachusetts Inc?
Kipp Massachusetts Inc's mission is centered around supporting Kipp Academy Lynn Public Charter Schools and Kipp Academy Boston Public Charter Schools. Their primary objective is to enhance the financial stability of these schools by soliciting, receiving, and administering funds for construction, operation, and maintenance. Additionally, they aim to support the continued education of alumni from these schools.
Who is the CEO of Kipp Massachusetts Inc?
Stephen Pizzimenti is the President of Kipp Massachusetts Inc.
What is the revenue of Kipp Massachusetts Inc?
Kipp Massachusetts Inc's revenue in 2022 was $1,901,970.
Who are the executives of Kipp Massachusetts Inc and what are their salaries?
There 3 volunteers at Kipp Massachusetts Inc.
Here are 3 key members and their salaries:
- 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 Kipp Massachusetts Inc?
Kipp Massachusetts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kipp Massachusetts Inc
Kipp Massachusetts Inc, a nonprofit organization, is dedicated to supporting Kipp Academy Lynn Public Charter Schools and Kipp Academy Boston Public Charter Schools. Its mission is to ensure the financial well-being of these schools by actively soliciting, receiving, and administering funds for their construction, operation, and maintenance. Furthermore, Kipp Massachusetts Inc is committed to nurturing the continued education of the schools' alumni. By fulfilling these responsibilities, the organization aims to contribute significantly to the academic growth and success of these schools, thereby providing a solid educational foundation for their students.
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Impact
July, 2024
Kipp Massachusetts Inc plays a crucial role in supporting KIPP Academy Lynn Public Charter Schools and KIPP Academy Boston Charter School. By promoting the financial well-being of these institutions through soliciting, receiving, and administering funds for their construction, operation, and maintenance, as well as supporting the continued education of alumni, Kipp Massachusetts Inc is directly impacting the educational opportunities available to students in Lynn and Boston. The organization's dedication to education is reflected in its mission to ensure the sustainable growth and success of these charter schools.
This information is meant to be a general summary of Kipp Massachusetts 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.
- Investment Income: $198
- Gross Receipts: $1,901,970
Assets and Liabilities:
- Total Assets: $3,034,776
- Total Liabilities: $431,787
- Net Assets: $2,602,989
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Organization Details
Founding Year
2014
Phone
(781) 598-1609Principal Officer
Stephen Pizzimenti
Main Address
90 HIGH ROCK STREET, LYNN, MA, 01902
NTEE Category
Code: B12 - Education
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