Civic Intelligence

Kipp Lynn Fund Inc.

990 • Fiscal year 2016 • EIN 74-3153091

Jul 01, 2015 to Jun 30, 2016 • Filed on May 09, 2017

Organization ProfileN/A
90 High Rock StreetLynn, MA 01902-1204

(781) 598-1609

Siviq Scores

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

Liabilities / Assets

86th percentile

0.80x

Higher debt load relative to assets than 86% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

96th percentile

8.93x

Higher debt load relative to revenue than 96% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

95th percentile

70%

Higher net margin than 95% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

18th percentile

-4.9%

Faster asset growth than 18% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

92nd percentile

61%

Faster revenue growth than 92% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$23,308,494

Down $1,196,908 (-4.9%) from 2015

Net Assets

Up

$4,696,467

Up $1,462,326 (+45%) from 2015

Liabilities

Down

$18,612,027

Down $2,659,234 (-13%) from 2015

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin95th percentile

Revenue

Up

$2,084,727

Up $787,581 (+61%) from 2015

Expenses

Down

$622,401

Down $2,939,198 (-83%) from 2015

Net Income

Up

$1,462,326

Up $3,726,779 (+165%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$100M$50M$0Assets 2010: $2,100,952Liabilities 2010: $59,475Net Assets 2010: $2,041,4772010Assets 2011: $22,364,794Liabilities 2011: $18,680,652Net Assets 2011: $3,684,1422011Assets 2012: $24,182,147Liabilities 2012: $18,379,515Net Assets 2012: $5,802,6322012Assets 2013: $24,781,208Liabilities 2013: $19,402,478Net Assets 2013: $5,378,7302013Assets 2014: $23,735,917Liabilities 2014: $18,237,323Net Assets 2014: $5,498,5942014Assets 2015: $24,505,402Liabilities 2015: $21,271,261Net Assets 2015: $3,234,1412015Assets 2016: $23,308,494Liabilities 2016: $18,612,027Net Assets 2016: $4,696,4672016Assets 2017: $28,673,781Liabilities 2017: $24,249,551Net Assets 2017: $4,424,2302017Assets 2018: $40,624,244Liabilities 2018: $27,037,238Net Assets 2018: $13,587,0062018Assets 2019: $50,533,574Liabilities 2019: $46,661,591Net Assets 2019: $3,871,9832019Assets 2020: $81,592,630Liabilities 2020: $80,396,165Net Assets 2020: $1,196,4652020Assets 2021: $79,635,466Liabilities 2021: $76,692,529Net Assets 2021: $2,942,9372021Assets 2022: $79,212,630Liabilities 2022: $76,186,025Net Assets 2022: $3,026,6052022Assets 2023: $77,229,294Liabilities 2023: $74,247,146Net Assets 2023: $2,982,1482023Assets 2024: $75,294,419Liabilities 2024: $72,339,546Net Assets 2024: $2,954,8732024

Highlighted filing

2016

Assets$23,308,494
Liabilities$18,612,027
Net Assets$4,696,467
Open 2016 Filing

Operations Trend

Revenue Growth92nd percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $287,1392010Expenses 2011: $376,2252011Revenue 2012: $3,544,134Expenses 2012: $1,425,644Net Income 2012: $2,118,4902012Revenue 2013: $3,280,974Expenses 2013: $3,704,876Net Income 2013: -$423,9022013Revenue 2014: $2,601,312Expenses 2014: $2,164,170Net Income 2014: $437,1422014Revenue 2015: $1,297,146Expenses 2015: $3,561,599Net Income 2015: -$2,264,4532015Revenue 2016: $2,084,727Expenses 2016: $622,401Net Income 2016: $1,462,3262016Revenue 2017: $890,204Expenses 2017: $887,416Net Income 2017: $2,7882017Revenue 2018: $4,783,281Expenses 2018: $1,568,345Net Income 2018: $3,214,9362018Revenue 2019: $1,270,866Expenses 2019: $784,493Net Income 2019: $486,3732019Revenue 2020: $2,758,361Expenses 2020: $2,805,698Net Income 2020: -$47,3372020Revenue 2021: $3,076,776Expenses 2021: $3,006,324Net Income 2021: $70,4522021Revenue 2022: $3,007,683Expenses 2022: $3,595,131Net Income 2022: -$587,4482022Revenue 2023: $2,801,718Expenses 2023: $2,846,175Net Income 2023: -$44,4572023Revenue 2024: $2,790,877Expenses 2024: $2,818,152Net Income 2024: -$27,2752024

Highlighted filing

2016

Revenue$2,084,727
Expenses$622,401
Net Income$1,462,326
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 9, 2017
Return Version
2015v3.0
Gross Receipts
$2,084,727
Mission and Program Overview

Mission

To promote the financial well-being of kipp academy lynn 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 lynn public charter school and kipp massachusetts, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$20,743,342$20,743,342→ $0
Savings and Temporary Cash Investments$1,146,308--
Cash and Non-Interest-Bearing Accounts$1,642,597$1,108,686▼ $533,911
Pledges and Grants Receivable$495,050$397,025▼ $98,025
Accounts Receivable$6,895$43,945▲ $37,050
Total Assets$24,505,402$23,308,494▼ $1,196,908
Other Assets Total$471,210$1,015,496▲ $544,286
Liabilities
Tax Exempt Bond Liabilities$17,702,770$17,350,778▼ $351,992
Mortgage Notes Payable Secured by Investment Property$1,479,160$1,205,572▼ $273,588
Accounts Payable and Accrued Expenses$57,627$50,067▼ $7,560
Other Liabilities$2,031,704$5,610▼ $2,026,094
Total Liabilities$21,271,261$18,612,027▼ $2,659,234
Net Assets / Fund Balance
Unrestricted Net Assets$2,685,476$4,147,802▲ $1,462,326
Temporarily Rstr Net Assets$548,665$548,665→ $0
Total Net Assets Fund Balance$3,234,141$4,696,467▲ $1,462,326
Total Liabilities and Net Assets / Fund Balance$24,505,402$23,308,494▼ $1,196,908
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Joel Abramson Left During Fy 16President
Matt FatesPresident
David ParmeleBoard Member
Natasha Megie-maddreyBoard Member
Shenkiat LimClerk
Rob HutterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,191,240
Program Service Revenue
$0
Investment Income
$893,487
Other Revenue
$0
All Other Contributions
$26,975
Change in Net Assets
$1,462,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$622,401
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$621,836--$621,836
Other Expenses-$565-$565
Total Functional Expenses$621,836$565$0$622,401
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
Due to Kipp Academy Lynn Public Charter School$5,610

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMdfa Revenue Bonds Series 2015a2015-04-24$17,720,000To refinance existing bonds and other

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$17,720,000$17,520,331-$199,669

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 11

“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 Lynn Fund Inc
EIN
74-3153091
Phone
7815981609
Address
90 HIGH ROCK STREET, LYNN, MA 01902-1204

Signing Officer

Name
Kevin Taylor
Title
COO
Phone
7815981609
Signed
2017-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Taylor
Formed
2004
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

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

Additional Explanations

Form 990, Part XII, Line 2C

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

Raw XML AppendixShowing 400 of 444 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/BOYAmt057627
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt050067
IRS990/AccountsReceivableGrp/BOYAmt06895
IRS990/AccountsReceivableGrp/EOYAmt043945
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SUPPORT KIPP ACADEMY LYNN PUBLIC CHARTER SCHOOL AND KIPP MASSACHUSETTS, INC.
IRS990/AllOtherContributionsAmt026975
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KEVIN TAYLOR
IRS990/BooksInCareOfDetail/PhoneNum07815981609
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/BOYAmt01642597
IRS990/CashNonInterestBearingGrp/EOYAmt01108686
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01191240
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0893487
IRS990/CYOtherExpensesAmt0622401
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt01462326
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0622401
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02084727
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0TO PROMOTE THE FINANCIAL WELL-BEING OF KIPP ACADEMY LYNN 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/EscrowAccountInd00
IRS990/ExpenseAmt0621836
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
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/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0SHENKIAT LIM
IRS990/Form990PartVIISectionAGrp/PersonNm1MATT FATES
IRS990/Form990PartVIISectionAGrp/PersonNm2JOEL ABRAMSON LEFT DURING FY 16
IRS990/Form990PartVIISectionAGrp/PersonNm3ROB HUTTER
IRS990/Form990PartVIISectionAGrp/PersonNm4NATASHA MEGIE-MADDREY
IRS990/Form990PartVIISectionAGrp/PersonNm5DAVID PARMELE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02084727
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/ProgramServicesAmt0621836
IRS990/InterestGrp/TotalAmt0621836
IRS990/InvestmentIncomeGrp/ExclusionAmt0893487
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0893487
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 LYNN 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/BOYAmt01479160
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01205572
IRS990/NetAssetsOrFundBalancesBOYAmt03234141
IRS990/NetAssetsOrFundBalancesEOYAmt04696467
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0471210
IRS990/OtherAssetsTotalGrp/EOYAmt01015496
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BANK AND OTHER FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0565
IRS990/OtherExpensesGrp/TotalAmt0565
IRS990/OtherLiabilitiesGrp/BOYAmt02031704
IRS990/OtherLiabilitiesGrp/EOYAmt05610
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt020743342
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt020743342
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0495050
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0397025
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KEVIN TAYLOR
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0435712
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02240784
IRS990/PYInvestmentIncomeAmt0861434
IRS990/PYOtherExpensesAmt01320815
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-2264453
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt03561599
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01297146
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01462326
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt01164265
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01146308
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01191240
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0435712
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01743613
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02441123
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02670171
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08481859
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0893487
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0861434
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0857699
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0839851
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0873963
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04326434
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.61710
IRS990ScheduleA/PublicSupportPY170Pct00.60030
IRS990ScheduleA/PublicSupportTotal170Amt07903857
IRS990ScheduleA/SubstantialContributorsTotAmt0578002
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01191240
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0435712
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01743613
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02441123
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02670171
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08481859
IRS990ScheduleA/TotalSupportAmt012808293
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05610
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO KIPP ACADEMY LYNN PUBLIC CHARTER SCHOOL
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt05610
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/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02015-04-24
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0043431814
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt017720000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0MDFA REVENUE BONDS SERIES 2015A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0TO REFINANCE EXISTING BONDS AND OTHER
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/CurrentRefundingInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0199669
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt017520331
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02012
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt017720000
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/ExplanationTxt6THE BOARD OF TRUSTEES ASSUMES OVERSIGHT FOR THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM 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 11
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 XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
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 BOSTON FUND INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0464881350
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1464900958
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT KIPP ACADEMY LYNN AND BOSTON PUBLIC CHARTER SCHOOLS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1SUPPORT KIPP ACADEMY BOSTON PUBLIC CHARTER SCHOOL & 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/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01164265
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt11543945
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt21164265
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0INTERCOMPANY DUE FROM
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1INTERCOMPANY NOTE RECEIVABLE AND
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2GRANT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0KIPP MASSACHUSETTS FUND INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1KIPP BOSTON FUND INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2KIPP MASSACHUSETTS FUND INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1D
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt017702770
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt017350778
IRS990/TaxExemptBondsInd01
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0548665
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0548665
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt024505402
IRS990/TotalAssetsEOYAmt023308494
IRS990/TotalAssetsGrp/BOYAmt024505402
IRS990/TotalAssetsGrp/EOYAmt023308494
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01191240
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0565
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0621836
IRS990/TotalFunctionalExpensesGrp/TotalAmt0622401
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt021271261
IRS990/TotalLiabilitiesEOYAmt018612027
IRS990/TotalLiabilitiesGrp/BOYAmt021271261
IRS990/TotalLiabilitiesGrp/EOYAmt018612027
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03234141
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04696467
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0621836
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0893487
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02084727
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt024505402

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,308,494
Liabilities
$18,612,027
Net assets
$4,696,467
Revenue
$2,084,727
Expenses
$622,401
Net income
$1,462,326
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$75.3$72.3$2.95$2.79$2.82$0.03
2023Detailed filing. Detailed filing data is available for this year.$77.2$74.2$2.98$2.80$2.85$0.04
2022Detailed filing. Detailed filing data is available for this year.$79.2$76.2$3.03$3.01$3.60$0.59
2021Detailed filing. Detailed filing data is available for this year.$79.6$76.7$2.94$3.08$3.01$0.07
2020Detailed filing. Detailed filing data is available for this year.$81.6$80.4$1.20$2.76$2.81$0.05
2019Detailed filing. Detailed filing data is available for this year.$50.5$46.7$3.87$1.27$0.78$0.49
2018Detailed filing. Detailed filing data is available for this year.$40.6$27.0$13.6$4.78$1.57$3.21
2017Detailed filing. Detailed filing data is available for this year.$28.7$24.2$4.42$0.89$0.89$0.00
2016Detailed filing. Detailed filing data is available for this year.$23.3$18.6$4.70$2.08$0.62$1.46
2015Detailed filing. Detailed filing data is available for this year.$24.5$21.3$3.23$1.30$3.56$2.26
2014Summary only. Only limited summary data is available for this year.$23.7$18.2$5.50$2.60$2.16$0.44
2013Summary only. Only limited summary data is available for this year.$24.8$19.4$5.38$3.28$3.70$0.42
2012Summary only. Only limited summary data is available for this year.$24.2$18.4$5.80$3.54$1.43$2.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.4$18.7$3.68$0.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.06$2.04$0.29