Civic Intelligence

Kipp Boston Fund Inc.

990 • Fiscal year 2018 • EIN 46-4900958

Jul 01, 2017 to Jun 30, 2018 • Filed on May 09, 2019

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

90th percentile

0.93x

Higher debt load relative to assets than 90% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

30.45x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

10th percentile

-21%

Higher net margin than 10% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

36th percentile

-1.1%

Faster asset growth than 36% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

71st percentile

14%

Faster revenue growth than 71% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$24,927,761

Down $281,304 (-1.1%) from 2017

Net Assets

Up

$1,765,075

Up $491,296 (+39%) from 2017

Liabilities

Down

$23,162,686

Down $772,600 (-3.2%) from 2017

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin10th percentile

Revenue

Up

$760,619

Up $91,501 (+14%) from 2017

Expenses

Up

$921,831

Up $417,255 (+83%) from 2017

Net Income

Down

-$161,212

Down $325,754 (-198%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth36th 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

2018

Assets$24,927,761
Liabilities$23,162,686
Net Assets$1,765,075
Open 2018 Filing

Operations Trend

Revenue Growth71st 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

2018

Revenue$760,619
Expenses$921,831
Net Income-$161,212
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 9, 2019
Return Version
2017v2.3
Gross Receipts
$760,619
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$21,425,917▼ $869,426
Cash and Non-Interest-Bearing Accounts$2,078,105$2,634,435▲ $556,330
Savings and Temporary Cash Investments$803,683$805,291▲ $1,608
Total Assets$25,209,065$24,927,761▼ $281,304
Other Assets Total$31,934$62,118▲ $30,184
Liabilities
Tax Exempt Bond Liabilities$18,492,800$18,427,184▼ $65,616
Mortgage Notes Payable Secured by Investment Property$2,500,000$2,493,756▼ $6,244
Other Liabilities$2,928,885$2,241,404▼ $687,481
Accounts Payable and Accrued Expenses$13,601$342▼ $13,259
Total Liabilities$23,935,286$23,162,686▼ $772,600
Net Assets / Fund Balance
Unrestricted Net Assets$1,273,779$1,765,075▲ $491,296
Total Net Assets Fund Balance$1,273,779$1,765,075▲ $491,296
Total Liabilities and Net Assets / Fund Balance$25,209,065$24,927,761▼ $281,304
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Ron HutterPresident
David ParmeleVice President, Treasurer
Natasha Megie-maddreyBoard Member, Clerk Starting June 1, 2018
Leslie GouldClerk, Left June 1, 2018
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$760,619
Other Revenue
$0
Change in Net Assets
$-161,212
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$921,831
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$921,548--$921,548
Other Expenses-$283-$283
Total Functional Expenses$921,548$283$0$921,831
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable and Accrued Interest$1,618,495
Due to Kipp Massachusetts, Inc$349,239
Due to Kipp Academy Boston Public Charter School$273,670

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
Steve Pizzimenti
Title
CFO
Phone
6175968627
Signed
2019-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Pizzimenti
Formed
2014
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
4

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Yevgeniya Gorlovsky-schepp CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Gain on interest rate swap agreement 652,508.”

FORM 990, PART XII, LINE 2C:

“The board of trustees assumes oversight for the audit. This process has not changed since the prior year.”

Raw XML AppendixShowing 400 of 422 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt013601
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0342
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SUPPORT KIPP ACADEMY BOSTON CHARTER SCHOOL AND KIPP MASSACHUSETTS, INC.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0STEPHEN PIZZIMENTI
IRS990/BooksInCareOfDetail/PhoneNum06175968627
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt090 HIGH ROCK STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0LYNN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001902
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt02078105
IRS990/CashNonInterestBearingGrp/EOYAmt02634435
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0760619
IRS990/CYOtherExpensesAmt0921831
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-161212
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0921831
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0760619
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0TO 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.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd01
IRS990/ExpenseAmt0921548
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0RON HUTTER
IRS990/Form990PartVIISectionAGrp/PersonNm1NATASHA MEGIE-MADDREY
IRS990/Form990PartVIISectionAGrp/PersonNm2DAVID PARMELE
IRS990/Form990PartVIISectionAGrp/PersonNm3LESLIE GOULD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER, CLERK STARTING JUNE 1, 2018
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT, TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CLERK, LEFT JUNE 1, 2018
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0760619
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ProgramServicesAmt0921548
IRS990/InterestGrp/TotalAmt0921548
IRS990/InvestmentIncomeGrp/ExclusionAmt0760619
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0760619
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02500000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02493756
IRS990/NetAssetsOrFundBalancesBOYAmt01273779
IRS990/NetAssetsOrFundBalancesEOYAmt01765075
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt031934
IRS990/OtherAssetsTotalGrp/EOYAmt062118
IRS990/OtherChangesInNetAssetsAmt0652508
IRS990/OtherExpensesGrp/Desc0BANK AND FILING FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0283
IRS990/OtherExpensesGrp/TotalAmt0283
IRS990/OtherLiabilitiesGrp/BOYAmt02928885
IRS990/OtherLiabilitiesGrp/EOYAmt02241404
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt022295343
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt021425917
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0STEPHEN PIZZIMENTI
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0651557
IRS990/PYOtherExpensesAmt0504576
IRS990/PYOtherRevenueAmt017561
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0164542
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0504576
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0669118
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-161212
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0803683
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0805291
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION WAS FORMED ON 2/4/14, SO IT PREVIOUSLY FILED A SHORT YEAR RETURN FOR THE PERIOD FROM 2/4/14 THROUGH 6/30/14. THE 2013 COLUMN ON SCHEDULE A INCLUDES THE FINANCIAL INFORMATION FOR THIS PERIOD.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 13
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01849712
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0310000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02159712
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0760619
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0651557
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01688
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0807
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01414671
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0249383
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt017561
IRS990ScheduleA/OtherIncome170Grp/TotalAmt017561
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01831551
IRS990ScheduleA/SubstantialContributorsTotAmt0328161
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01849712
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0310000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02159712
IRS990ScheduleA/TotalSupportAmt03591944
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0349239
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11618495
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2273670
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO KIPP MASSACHUSETTS, INC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE AND ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO KIPP ACADEMY BOSTON PUBLIC CHARTER SCHOOL
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt02241404
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/ExplanationTxt6GAIN ON INTEREST RATE SWAP AGREEMENT 652,508.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF TRUSTEES ASSUMES OVERSIGHT FOR THE AUDIT. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.
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/InvolvedAmt11618495
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
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt018492800
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt018427184
IRS990/TaxExemptBondsInd01
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt025209065
IRS990/TotalAssetsEOYAmt024927761
IRS990/TotalAssetsGrp/BOYAmt025209065
IRS990/TotalAssetsGrp/EOYAmt024927761
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0283
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0921548
IRS990/TotalFunctionalExpensesGrp/TotalAmt0921831
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt023935286
IRS990/TotalLiabilitiesEOYAmt023162686
IRS990/TotalLiabilitiesGrp/BOYAmt023935286
IRS990/TotalLiabilitiesGrp/EOYAmt023162686
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01273779
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01765075
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0921548
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0760619
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0760619
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt025209065
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt024927761
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01273779
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01765075
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt090 HIGH ROCK STREET
IRS990/USAddress/CityNm0LYNN
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001902
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE PIZZIMENTI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum06175968627
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KIPP BOSTON FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0KIPP
ReturnHeader/Filer/EIN0464900958
ReturnHeader/Filer/PhoneNum07815981609
ReturnHeader/Filer/USAddress/AddressLine1Txt090 HIGH ROCK STREET
ReturnHeader/Filer/USAddress/CityNm0LYNN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,927,761
Liabilities
$23,162,686
Net assets
$1,765,075
Revenue
$760,619
Expenses
$921,831
Net income
-$161,212
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