Civic Intelligence

Kipp Boston Fund Inc.

990 • Fiscal year 2017 • EIN 46-4900958

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

Organization ProfileN/A
90 High Rock StreetLynn, MA 01902

(781) 598-1609

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.95x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

35.77x

Higher debt load relative to revenue than 99% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

81st percentile

25%

Higher net margin than 81% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

78th percentile

14%

Faster asset growth than 78% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

97th percentile

191%

Faster revenue growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$25,209,065

Up $3,110,052 (+14%) from 2016

Net Assets

Down

$1,273,779

Down $457,782 (-26%) from 2016

Liabilities

Up

$23,935,286

Up $3,567,834 (+18%) from 2016

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin81st percentile

Revenue

Up

$669,118

Up $439,086 (+191%) from 2016

Expenses

Up

$504,576

Up $501,115 (+14479%) from 2016

Net Income

Down

$164,542

Down $62,029 (-27%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2014: $435,000Liabilities 2014: $0Net Assets 2014: $435,0002014Assets 2015: $7,403,425Liabilities 2015: $5,898,435Net Assets 2015: $1,504,9902015Assets 2016: $22,099,013Liabilities 2016: $20,367,452Net Assets 2016: $1,731,5612016Assets 2017: $25,209,065Liabilities 2017: $23,935,286Net Assets 2017: $1,273,7792017Assets 2018: $24,927,761Liabilities 2018: $23,162,686Net Assets 2018: $1,765,0752018Assets 2019: $23,719,198Liabilities 2019: $22,877,523Net Assets 2019: $841,6752019Assets 2020: $44,610,103Liabilities 2020: $43,949,081Net Assets 2020: $661,0222020Assets 2021: $40,807,905Liabilities 2021: $39,693,449Net Assets 2021: $1,114,4562021Assets 2022: $38,490,724Liabilities 2022: $33,151,177Net Assets 2022: $5,339,5472022Assets 2023: $37,629,733Liabilities 2023: $32,279,518Net Assets 2023: $5,350,2152023Assets 2024: $36,927,858Liabilities 2024: $31,478,634Net Assets 2024: $5,449,2242024

Highlighted filing

2017

Assets$25,209,065
Liabilities$23,935,286
Net Assets$1,273,779
Open 2017 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2014: $310,000Expenses 2014: $0Net Income 2014: $310,0002014Revenue 2015: $1,871,558Expenses 2015: $801,568Net Income 2015: $1,069,9902015Revenue 2016: $230,032Expenses 2016: $3,461Net Income 2016: $226,5712016Revenue 2017: $669,118Expenses 2017: $504,576Net Income 2017: $164,5422017Revenue 2018: $760,619Expenses 2018: $921,831Net Income 2018: -$161,2122018Revenue 2019: $730,005Expenses 2019: $922,378Net Income 2019: -$192,3732019Revenue 2020: $1,932,969Expenses 2020: $1,419,498Net Income 2020: $513,4712020Revenue 2021: $1,916,828Expenses 2021: $1,438,701Net Income 2021: $478,1272021Revenue 2022: $1,750,364Expenses 2022: $1,473,039Net Income 2022: $277,3252022Revenue 2023: $1,209,162Expenses 2023: $1,198,494Net Income 2023: $10,6682023Revenue 2024: $1,287,368Expenses 2024: $1,188,359Net Income 2024: $99,0092024

Highlighted filing

2017

Revenue$669,118
Expenses$504,576
Net Income$164,542
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$669,118
Mission and Program Overview

Mission

To promote the financial well-being of kipp academy boston public charter school and kipp massachusetts, inc. By soliciting, receiving and administering funds for construction, operation and maintenance of the school, and to support the continued education of alumni of the school.

Support kipp academy boston charter school and kipp massachusetts, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net-$22,295,343-
Land, Buildings, and Equipment, Net$20,820,562--
Cash and Non-Interest-Bearing Accounts$208,607$2,078,105▲ $1,869,498
Savings and Temporary Cash Investments$802,079$803,683▲ $1,604
Accounts Receivable$7,987$0▼ $7,987
Receivable From Disqualified Prsn$0--
Total Assets$22,099,013$25,209,065▲ $3,110,052
Other Assets Total$259,778$31,934▼ $227,844
Liabilities
Tax Exempt Bond Liabilities$13,342,745$18,492,800▲ $5,150,055
Other Liabilities$1,893,184$2,928,885▲ $1,035,701
Mortgage Notes Payable Secured by Investment Property$2,500,000$2,500,000→ $0
Accounts Payable and Accrued Expenses$2,631,523$13,601▼ $2,617,922
Total Liabilities$20,367,452$23,935,286▲ $3,567,834
Net Assets / Fund Balance
Unrestricted Net Assets$1,731,561$1,273,779▼ $457,782
Total Net Assets Fund Balance$1,731,561$1,273,779▼ $457,782
Total Liabilities and Net Assets / Fund Balance$22,099,013$25,209,065▲ $3,110,052
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Matt FatesPresident - Left in June 2017
Ron HutterTREASURER; PRESIDENT STARTING IN JUNE 2017
David ParmeleBoard Member
Natasha Megie-maddreyBoard Member
Shenkiat LimClerk - Left in May 2017
Leslie GouldClerk Starting June 30, 2017

Highest Paid Contractors

ContractorServicesLocationCompensation
Consigli Construction Co INCConstruction Company72 SUMMER STREET, Milford, MA 01757$11,346,742
JacobsTesting For BuildingLOCKBOX 18713F, St Louis, MO 63150$147,391
Arrowstreet INCArchitects10 POST OFFICE SQUARE SUITE 700N, Boston, MA 02109$126,396
Environmental System CorporationBuilding Security And Systems18 JANSEN COURT, West Hartford, CT 06110$117,180
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$651,557
Other Revenue
$17,561
Change in Net Assets
$164,542
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$504,576
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$261,759--$261,759
Other Expenses$23,374$868-$868
Total Functional Expenses$503,708$868$0$504,576
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$0--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable and Accrued Interest$1,580,995
Interest Rate Swap Liability$622,324
Due to Kipp Boston School$376,327
Due to Kipp Massachusetts, Inc$349,239

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMdfa Revenue Bonds Series 2015a2015-04-24$18,500,000TO FUND CAPITAL PROJECTS

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$18,500,000--$50,000

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Kipp massachusetts, inc. (see schedule r) is the sole member of the organization.”

Form 990, Part VI, Section A, Line 7A

“The sole member of the organization elects the organization's trustees. The organization and its member share a common board.”

Form 990, Part VI, Section B, Line 11B

“All members of the board of trustees receive a copy of the 990 and review it before it is submitted.”

Form 990, Part VI, Section B, Line 12C

“Each trustee provides the board with annual written disclosure of any conflicts of interest. These disclosures are reviewed and monitored by the board president.”

Form 990, Part VI, Section B, Line 15

“The organization does not currently have or compensate any employees.”

Form 990, Part VI, Section C, Line 19

“These items are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Kipp Boston Fund Inc
EIN
46-4900958
Phone
7815981609
Address
90 HIGH ROCK STREET, LYNN, MA 01902

Signing Officer

Name
Kevin Taylor
Title
COO
Phone
7815988013
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Taylor
Formed
2014
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
5

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
John Buckley CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Losses on interest rate swap agreement -622,324.”

FORM 990, PART XII, LINE 2C:

“The board of trustees assumes oversight for the audit. The process has not changed in fiscal year 2017.”

Raw XML AppendixShowing 400 of 483 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYTotalExpensesAmt03461
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0230032
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0164542
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt017561
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0802079
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0803683
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION WAS FORMED ON 2/4/14, SO IT PREVIOUSLY FILED A 2015 SHORT YEAR RETURN FOR THE PERIOD FROM 2/4/14 THROUGH 6/30/16. THE 2013 COLUMN ON SCHEDULE A INCLUDES THE FINANCIAL INFORMATION FOR THIS PERIOD.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART V
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01849712
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0310000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02159712
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0651557
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01688
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0807
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0654052
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0249383
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt017561
IRS990ScheduleA/OtherIncome170Grp/TotalAmt017561
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01816339
IRS990ScheduleA/SubstantialContributorsTotAmt0343373
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01849712
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0310000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02159712
IRS990ScheduleA/TotalSupportAmt02831325
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0349239
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11580995
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2622324
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3376327
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO KIPP MASSACHUSETTS, INC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE AND ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2INTEREST RATE SWAP LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO KIPP BOSTON SCHOOL
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt02928885
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeProviderName/BusinessNameLine1Txt0CITIZENS BANK
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeTerminatedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/SuperintegratedHedgeInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfHedgePct08.300000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02015-04-24
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0743253091
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt018500000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0MDFA REVENUE BONDS SERIES 2015A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0TO FUND CAPITAL PROJECTS
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt017650000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0800000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt050000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt018500000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KIPP MASSACHUSETTS, INC. (SEE SCHEDULE R) IS THE SOLE MEMBER OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SOLE MEMBER OF THE ORGANIZATION ELECTS THE ORGANIZATION'S TRUSTEES. THE ORGANIZATION AND ITS MEMBER SHARE A COMMON BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MEMBERS OF THE BOARD OF TRUSTEES RECEIVE A COPY OF THE 990 AND REVIEW IT BEFORE IT IS SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH TRUSTEE PROVIDES THE BOARD WITH ANNUAL WRITTEN DISCLOSURE OF ANY CONFLICTS OF INTEREST. THESE DISCLOSURES ARE REVIEWED AND MONITORED BY THE BOARD PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DOES NOT CURRENTLY HAVE OR COMPENSATE ANY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THESE ITEMS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6LOSSES ON INTEREST RATE SWAP AGREEMENT -622,324.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF TRUSTEES ASSUMES OVERSIGHT FOR THE AUDIT. THE PROCESS HAS NOT CHANGED IN FISCAL YEAR 2017.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0KIPP MASSACHUSETTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1KIPP LYNN FUND INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0464881350
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1743153091
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT KIPP ACADEMY LYNN AND BOSTON CHARTER SCHOOLS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1SUPPORT KIPP ACADEMY LYNN CHARTER SCHOOLS AND KIPP MASSACHUSETTS, INC.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt090 HIGH ROCK STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt190 HIGH ROCK STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LYNN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1LYNN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd001902
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd101902
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0349239
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt11580995
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0INTERCOMPANY DUE TO
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1INTERCOMPANY NOTE PAYABLE AND ACC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0KIPP MASSACHUSETTS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1KIPP LYNN FUND INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1E
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,209,065
Liabilities
$23,935,286
Net assets
$1,273,779
Revenue
$669,118
Expenses
$504,576
Net income
$164,542
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$36.9$31.5$5.45$1.29$1.19$0.10
2023Detailed filing. Detailed filing data is available for this year.$37.6$32.3$5.35$1.21$1.20$0.01
2022Detailed filing. Detailed filing data is available for this year.$38.5$33.2$5.34$1.75$1.47$0.28
2021Detailed filing. Detailed filing data is available for this year.$40.8$39.7$1.11$1.92$1.44$0.48
2020Detailed filing. Detailed filing data is available for this year.$44.6$43.9$0.66$1.93$1.42$0.51
2019Detailed filing. Detailed filing data is available for this year.$23.7$22.9$0.84$0.73$0.92$0.19
2018Detailed filing. Detailed filing data is available for this year.$24.9$23.2$1.77$0.76$0.92$0.16
2017Detailed filing. Detailed filing data is available for this year.$25.2$23.9$1.27$0.67$0.50$0.16
2016Detailed filing. Detailed filing data is available for this year.$22.1$20.4$1.73$0.23$0.00$0.23
2015Detailed filing. Detailed filing data is available for this year.$7.40$5.90$1.50$1.87$0.80$1.07
2014Summary only. Only limited summary data is available for this year.$0.44$0.00$0.44$0.31$0.00$0.31