Kipp New York Inc

Organization Overview

Kipp New York Inc is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2021, Kipp New York Inc employed 128 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp New York Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Kipp New York Inc generated $36.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $25.5m during the year ending 06/2021. While expenses have increased by 4.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SUPPORT FOR KIPP NYC SCHOOLS AND PROGRAMS

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE SUPPORT TO KIPP NYC SCHOOLS. TO SOLICIT, RAISE, RECEIVE, HOLD, INVEST AND EXPEND FUNDS FOR THE ADVANCEMENT AND FURTHERANCE OF SUCH PURPOSES AND TO ENGAGE IN ANY AND ALL LAWFUL ACTIVITIES IN THE FURTHERANCE OF THE FOREGOING PURPOSES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Paramount Leasehold Lp
Rental Management
$937,940
Gibson Dunn & Crutcher Llp
Legal Services
$736,927
Dbi Project Llc
Project Management Consultant
$837,049
Bond Schoeneck & King Llc
Legal Services
$263,473
Cliftonlarsonallen Llp
Accounting Services
$164,556
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,806,658
Related organizations$0
Government grants $3,083,449
All other contributions, gifts, grants, and similar amounts not included above$14,332,319
Noncash contributions included in lines 1a–1f $14,049
Total Revenue from Contributions, Gifts, Grants & Similar$19,222,426
Total Program Service Revenue$16,398,733
Investment income $432,397
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $996
Net Income from Fundraising Events -$54,382
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $36,118,873

Grants Awarded

Over the last fiscal year, Kipp New York Inc has awarded $2,400,000 in support to 3 organizations.

Grant RecipientAmount

KIPP ACADEMY CHARTER SCHOOL

Org PageRecipient Profile

New York, NY

PURPOSE: OPERATIONS GRANTS

$1,000,000

KIPP NYC PUBLIC CHARTER SCHOOL

PURPOSE: OPERATIONS GRANTS

$1,000,000

KIPP AMP ACADEMY CHARTER SCHOOL

Org PageRecipient Profile

New York, NY

PURPOSE: OPERATIONS GRANTS

$400,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 15 grants that Kipp New York Inc has recieved totaling $7,270,196.

Awarding OrganizationAmount
Kipp Foundation

San Francisco, CA

PURPOSE: DIRECTOR OF LEADERSHIP DEVELOPMENT; SUCCESSOR LEADERSHIP DEVELOPMENT; NEW SCHOOL START-UP; COVID-19 EMERGENCY; MENTAL-HEALTH & HEALING; POSTSECONDARY TRANSFER & REENROLLMENT, CAREER, COUNSELING, AND MATCH; ANNIVERSARY SCHOLARSHIP

$3,411,696
Robin Hood Foundation

New York, NY

PURPOSE: POVERTY RELIEF

$2,200,000
Louis Calder Foundation

Denver, CO

PURPOSE: SCIENCE OF READING

$450,000
Louis Calder Foundation

Denver, CO

PURPOSE: SCIENCE OF READING

$450,000
Tiger Foundation

New York, NY

PURPOSE: GENERAL SUPPORT OF THE SHARED SEVICES TEAM

$350,000
Charter Fund Inc

Broomfield, CO

PURPOSE: COLLEGE AND ALUMNI SUCCESS

$150,000
View Grant Recipient Profile

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