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Kipp Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 943362724 ✦ San francisco, CA ✦ Designated as a 501(c)(3)

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Overview

What is Kipp Foundation?

The Kipp Foundation is a nonprofit organization located in San Francisco, California, with a workforce of 263 employees. Their mission is to strengthen and expand Kipp regions, enabling them to fully implement Kipp's mission of creating public schools that equip educationally underprivileged students with the required skills to succeed. The foundation collaborates with regional executives and senior leaders to understand their unique situations, offering support in areas such as growth, regional scaling, and priority planning. Specifically, they provide executive coaching, financial and operational assistance, integration and scale support, strategic leadership around new site development, and legal and technology support.


Official website here: www.kipp.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 100% (Four-Star out of Four Stars)

The Kipp Foundation has achieved a perfect score of 100% on Charity Navigator, reflecting strong accountability and financial health. This rating indicates that the organization maintains high standards in governance, transparency, and financial management, which are critical for building trust with donors and stakeholders.

Strengths of the Kipp Foundation include a majority independent board and a solid financial framework, with 89.37% of its expenses dedicated to programs. The organization also scores full points in various areas, such as its commitment to transparency by posting all necessary documents online, including board meeting minutes and financial audits. Its fundraising efficiency is notably high, indicating that a small amount of funds is spent on fundraising relative to the funds raised.

While the overall assessment is overwhelmingly positive, it should be noted that continuous adherence to these high standards is essential for maintaining this level of performance. The foundation's focus on transparency and efficient use of donor funds positions it well within the nonprofit sector, but ongoing vigilance is necessary to ensure future success.


This AI summary has been generated from information found on Charity Navigator.

Is Kipp Foundation legitimate?

Kipp Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kipp Foundation 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: $3,933,795
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,692,191

For more financial information, click here


Official website here: www.kipp.org

What is the mission statement of Kipp Foundation?

The Kipp Foundation is dedicated to establishing public schools that equip educationally underprivileged students with the necessary skills to succeed. Working in conjunction with families and communities, the foundation creates academically excellent schools that prepare students for various paths in life, such as college, career, and beyond. These schools aim to foster joyful learning environments, empowering students with the skills and confidence to lead fulfilling lives and contribute to a more just world. The Kipp Foundation offers support to regional executives and senior leaders, providing coaching, financial and operational assistance, integration and scale guidance, strategic leadership for new site development, and legal and technology resources.


Official website here: www.kipp.org

Who is the CEO of Kipp Foundation?

Kinnari Patel-Smyth is the President of Kipp Foundation. The CEO's salary of Kipp Foundation is $509,878 and their total compensation is $520,678.


Official website here: www.kipp.org

What is the revenue of Kipp Foundation?

Kipp Foundation's revenue in 2022 was $130,699,963.


Official website here: www.kipp.org

Who are the executives of Kipp Foundation and what are their salaries?

The average compensation at Kipp Foundation during 2022 was $97,437. There are 263 employees and 15 volunteers at Kipp Foundation.


Here are 26 key members and their salaries (Kipp Foundation's CEO's salary is $509,878 and their total compensation is $520,678):


Richard Barth (Chief Executive Officer)
  • Compensation: $509,878
  • Related: $0
  • Other: $10,800
Emma Bloomberg (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katherine Bradley (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Cunningham Akoto (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Fisher (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reed Hastings (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shavar Jeffries (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martha Karsh (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Levin (Co-Founder)
  • Compensation: $453,336
  • Related: $0
  • Other: $45,222
Michael Lomax (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Nunnelly (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
A'Dorian Murray-Thomas (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carrie Penner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Abigail Wexner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria Anguiano (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Phillips (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jose Villarreal (Board Member (Thru 7/31/21))
  • Compensation: $0
  • Related: $0
  • Other: $0
Kinnari Patel-Smyth (President)
  • Compensation: $250,010
  • Related: $0
  • Other: $19,249
Garfield Byrd (Chief Financial Officer, Board Treasurer)
  • Compensation: $259,360
  • Related: $0
  • Other: $37,828
William N Highbaugh (Gen. Counsel/Board Sec (Thru 3/31/22))
  • Compensation: $239,527
  • Related: $0
  • Other: $47,647
Neyha Rajan (Acting Gen. Counsel/Sec (From 5/22))
  • Compensation: $35,680
  • Related: $0
  • Other: $2,205
Shelley Goode (Chief Development Officer)
  • Compensation: $344,172
  • Related: $0
  • Other: $38,270
Jonathan Cowan (Chief Research, Design & Innovation Officer)
  • Compensation: $274,020
  • Related: $0
  • Other: $50,077
Enrique Chaurand (Sr. Dir. Comm. (Thru 9/17/21))
  • Compensation: $258,293
  • Related: $0
  • Other: $35,704
John Alford (Chief Network Growth Officer)
  • Compensation: $254,744
  • Related: $0
  • Other: $47,309
Carolyn Hack (Executive Coach, Scale & Integration)
  • Compensation: $251,297
  • Related: $0
  • Other: $49,328


Official website here: www.kipp.org

Where can I find the form 990 for Kipp Foundation?

Kipp Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.kipp.org

Learn more at the official website: www.kipp.org

Mission Statement of Kipp Foundation

The Kipp Foundation, a leading nonprofit organization, is dedicated to establishing public schools that empower educationally disadvantaged students to excel academically and build fulfilling lives. With a mission to create joyful learning environments, Kipp Foundation partners with families and communities to foster schools that equip students with the necessary skills and self-confidence to pursue their chosen paths, whether it be college, career, or beyond.

By working in collaboration with regional executive directors and senior leaders, the Kipp Foundation provides essential support to its partnering regions in various aspects of growth, financial sustainability, and priority planning. The organization offers a range of services to Kipp regions including coaching for executive directors, financial and operational support, integration and scale support, strategic leadership around new site development, and legal and technological assistance. Through these comprehensive offerings, the Kipp Foundation empowers its regions to deliver on all aspects of its mission to create academically excellent schools and provide underprivileged students with the tools they need to succeed.

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Impact




October, 2024

The KIPP Foundation significantly impacts education by creating public schools that empower underserved students with essential skills for success. By partnering with KIPP regions, the foundation focuses on building stronger and more capable educational environments. This includes providing executive coaching, financial and operational support, and strategic leadership for new school development.

Through its collaborative efforts, the KIPP Foundation enhances regional growth and sustainability, ensuring that schools are equipped to meet the unique needs of their communities. The emphasis on joyful and academically excellent education prepares students not only for college and careers but also instills the confidence to pursue fulfilling lives. Ultimately, this work contributes to building a more just world by equipping the next generation with the tools they need to thrive.




This information is meant to be a general summary of Kipp Foundation. 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.

Revenue
$130,699,963 (2022)
Expenses
$95,902,128 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $596,684
  • Program Service Revenue: $7,158,680
  • Gross Receipts: $141,580,480

Assets and Liabilities:

  • Total Assets: $136,274,072
  • Total Liabilities: $20,065,252
  • Net Assets: $116,208,820

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LICENSE FEES

Revenue

$5,689,965

LEADERSHIP INCOME

Revenue

$1,468,715

Organization Details

Founding Year

2000

Principal Officer

Kinnari Patel-Smyth

Main Address

135 MAIN STREET 1875, SAN FRANCISCO, CA, 94105

NTEE Category

Code: B99 - Education

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