Kipp Nyc Facility Holdings Inc
- Assets
- $55.6m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2015
- Data as of
- 06/2021
- EIN
- 46-3090135
Organization Overview
Kipp Nyc Facility Holdings Inc is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipp Nyc Facility Holdings 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 Nyc Facility Holdings Inc generated $7.1m in total revenue. All expenses for the organization totaled $3.3m during the year ending 06/2021. While expenses have increased by 9.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, MANAGE AND LEASE PUBLIC SCHOOL FACILITIES FOR KIPP SCHOOLS IN NEW YORK CITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL SUPPORT: THIS PROGRAM SERVES TO DEVELOP, MANAGE AND LEASE PUBLIC SCHOOL FACILITIES AND FOSTER FURTHER RELATIONSHIPS WITH THE CITY OF NEW YORK TO ENSURE THAT ADEQUATE FACILITIES ARE AVAILABLE FOR HIGH PERFORMING CHARTER SCHOOLS OPERATING UNDER THE KNOWLEDGE IS POWER PROGRAM (KIPP) NAME IN NEW YORK CITY (NYC).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rafael Mayer President | OfficerTrustee | 2 | $0 |
David Levin Vice President | OfficerTrustee | 2 | $0 |
Aisha Christian Secretary | OfficerTrustee | 2 | $0 |
Richard Taft Treasurer | OfficerTrustee | 2 | $0 |
Alicia Johnson COO | Officer | 2 | $0 |
Brian Zied CFO | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,128,281 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,128,281 |
| Total Program Service Revenue | $0 |
| Investment income | $28 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,128,309 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,656 |
| Fees for services: Accounting | $16,538 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $476,713 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $950,023 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $413,262 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,368,753 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,281,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $54,586,553 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,039,728 |
| Total assets | $55,626,281 |
| Accounts payable and accrued expenses | $5,466,243 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $19,351,681 |
| Unsecured mortgages and notes payable | $15,820,000 |
| Other liabilities | $0 |
| Total liabilities | $40,637,924 |
| Net assets without donor restrictions | $14,988,357 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $55,626,281 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kipp Nyc Facility Holdings Inc has recieved totaling $19,377.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: FOR GRANT RECIPIENT'S EXEMPT PURPOSES | $19,377 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Zearn Inc New York, NY | $36,079,361 | $33,394,711 |
Sruf Campus Housing Inc Slippery Rock, PA | $97,548,572 | $13,162,119 |
Uchcfc Circle Road Corp Farmington, CT | $184,016,128 | $11,665,579 |
United Community Schools Inc New York, NY | $17,599,679 | $9,226,471 |
College Achieve Public Charter Schools Inc Tinton Falls, NJ | $2,920,283 | $10,421,988 |
Friends Of Hellenic Classical Charter Schools Inc Brooklyn, NY | $82,915,888 | $678,941 |
Massachusetts Green High Performance Computing Center Inc Holyoke, MA | $16,995,884 | $7,668,165 |
Student Achievement Partners Inc New York, NY | $8,247,794 | $7,455,301 |
Vmc Indemnity Company Inc Burlington, VT | $100,648,707 | $14,545,433 |
Kingston Educational Holdings 1 Inc Newark, NJ | $70,775,295 | $5,822,683 |
Uka Facilities Foundation Inc New York, NY | $167,163,417 | $25,000 |
Association Of Theological Schools Pittsburgh, PA | $47,043,534 | $8,843,777 |