Kipp Cooper Norcross A New Jersey Nonprofit Corporation
80% goes to programs $1 to raise $100 Thin reserves Growing revenue
Kipp Cooper Norcross A New Jersey Nonprofit Corporation is a 501(c)(3) organization based in Newark, New Jersey, registered in 2013, with $72,370,182 in FY2023 revenue. CharityIndex grades it B, and it directs about 80% of spending to programs.
60 Park Pl Ste 802, Newark, NJ, 07102 EIN 45-5040456 Since 2013
Revenue (FY2023)
$72.4M
▲ 10.3% vs prior year
Education median: $200K
Expenses (FY2023)
$76.0M
Net assets
$1.7M
Employees
477
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
C+Program efficiency40% of the rating80% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Kipp Cooper Norcross A New Jersey Nonprofit Corporation: 80% to programs · $1 to raise $100 earns a C+ on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · -5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Kipp Cooper Norcross A New Jersey Nonprofit Corporation: 0 mo reserves · -5% margin earns a C on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Kipp Cooper Norcross A New Jersey Nonprofit Corporation: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Kipp Cooper Norcross A New Jersey Nonprofit Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The corporation is organized and operated exclusively for charitable and educational purposes within the meaning of the section 501(c)(3) of the irs revenue code of 1986 to oprate nonprofit educational institutions in nj.
Contact & location
- Address
- 60 Park Pl Ste 802, Newark, NJ, 07102
- City
- Newark
- State
- New Jersey
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $6.4M (FY2014) to $72.4M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $203.6MNet assets $1.7M
Operating margin
-5.0%
Spent more than it raised in the latest fiscal year.
Total assets
$205.2M
Total liabilities
$203.6M
Net assets
$1.7M
Salaries & benefits
$37.5M
49% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $72,370,182▲10.3% | $75,991,012▲19.7% | $1,678,313▼68.3% | $205,235,922▼3.0% | 990 |
| 2022 | $65,584,678▲24.2% | $63,463,516▲25.7% | $5,299,143▲66.7% | $211,683,054▲41.3% | 990 |
| 2021 | $52,820,020▲5.7% | $50,473,172▲21.5% | $3,177,981▲282% | $149,839,961▲20.7% | 990 |
| 2020 | $49,986,019▲33.4% | $41,556,236▲6.1% | $831,133▲111% | $124,104,698▲2.0% | 990 |
| 2019 | $37,471,886▲11.0% | $39,162,157▲12.2% | -$7,598,650▼28.6% | $121,615,227▲12.5% | 990 |
| 2018 | $33,754,642▲6.7% | $34,916,409▼2.0% | -$5,908,379▼337% | $108,114,162▲1.0% | 990 |
| 2017 | $31,636,223▲34.2% | $35,627,414▲67.8% | -$1,351,768▼151% | $107,016,051▲18.5% | 990 |
| 2016 | $23,577,991▲51.4% | $21,236,382▲48.4% | $2,639,423▲786% | $90,331,966▲51.3% | 990 |
| 2015 | $15,577,590▲145% | $14,315,025▲110% | $297,814▼23.7% | $59,718,883▲5.7% | 990 |
| 2014 | $6,350,698 | $6,810,490 | $390,374 | $56,502,987 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Anne Kadowaki — $253,709 (0.33% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Anne Kadowaki | Managing Director | 40 | $253,709 |
| Bridgit Cusato-rosa | School Leader | 40 | $187,626 |
| Charles Stanley | Head of Schools | 40 | $182,388 |
| Albery Corona | Managing Dir. of School Operations | 40 | $177,700 |
| Travis Dempsey | School Leader | 40 | $169,602 |
| Anthony Welch | Trustee | 5 | — |
| Christine Choi | Trustee | 5 | — |
| Christopher Keating | Trustee | 5 | — |
| Drew Martin | Executive Director | 40 | — |
| Jordan Metzger | Trustee | 5 | — |
| Kathleen Nugent Hughes | Trustee | 5 | — |
| Lapree Burgess | Trustee | 5 | — |
| Lisa Morina | Trustee | 5 | — |
| Marcus Worlds | Trustee (until 10/23) | 5 | — |
| Michael Goodman | Trustee | 5 | — |
| Rahul Goyal | President and Trustee | 5 | — |
| Ryan Hill | Chief Schools Admin | 40 | — |
| Sheila Roberts | Trustee (until 10/23) | 5 | — |
| Steve Small | Cfo | 40 | — |
| William Smith | Trustee (until 10/23) | 5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Intech Construction LLC | Construction | $593,186 |
| Education Facility Management LLC | Janitorial Services | $573,094 |
| Tustin Mechanical Services | Building Services | $177,428 |
| Fennimore Renovations LLC | Construction | $128,707 |
Grants received · $1.3M total
18 grants to Kipp Cooper Norcross A New Jersey Nonprofit Corporation totaling $1.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Kipp Foundation | Academic one kipp initiatives | 2023 | $30,000 |
| Kipp Foundation | Mental health assistance; postsecondary match; founding school leader development | 2022 | $300,000 |
| United Way of Greater Philadelphia and Southern New Jersey | Grant | 2022 | $52,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $25,805 |
| Community Foundation of New Jersey | Unrestricted grant to support organization's exempt purpose | 2022 | $8,000 |
| Kipp Foundation | Mental-health assistance; postsecondary match; founding school leader development | 2021 | $219,170 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $73,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $73,000 |
| United Way of Greater Philadelphia and Southern New Jersey | — | 2021 | $52,500 |
| Community Foundation of New Jersey | General support | 2021 | $7,500 |
| United Way of Greater Philadelphia and Southern New Jersey | Grant | 2020 | $45,000 |
| 50can Inc | To endorse oragnization's mathematics, physics, and chemistry's programs | 2020 | $30,000 |
| 50can Inc | To support the emotional support program at kipp | 2020 | $30,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $26,062 |
| Philadelphia Foundation | Covid-19 relief effort | 2020 | $20,000 |
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Frequently asked questions
- Is Kipp Cooper Norcross A New Jersey Nonprofit Corporation a legitimate nonprofit?
- Yes. Kipp Cooper Norcross A New Jersey Nonprofit Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-5040456, based in Newark, New Jersey. Donations are tax-deductible.
- What is Kipp Cooper Norcross A New Jersey Nonprofit Corporation's EIN?
- Kipp Cooper Norcross A New Jersey Nonprofit Corporation's Employer Identification Number (EIN) is 45-5040456.
- How much revenue does Kipp Cooper Norcross A New Jersey Nonprofit Corporation report?
- Kipp Cooper Norcross A New Jersey Nonprofit Corporation reported $72,370,182 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Kipp Cooper Norcross A New Jersey Nonprofit Corporation's spending goes to programs?
- Kipp Cooper Norcross A New Jersey Nonprofit Corporation spends about 80% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Kipp Cooper Norcross A New Jersey Nonprofit Corporation have?
- CharityIndex grades Kipp Cooper Norcross A New Jersey Nonprofit Corporation B, based on program efficiency and fundraising cost.
- How much does Kipp Cooper Norcross A New Jersey Nonprofit Corporation's highest-paid employee make?
- The highest reported compensation on Kipp Cooper Norcross A New Jersey Nonprofit Corporation's latest Form 990 is $253,709, paid to Anne Kadowaki (Managing Director).
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Data for Kipp Cooper Norcross A New Jersey Nonprofit Corporation (EIN 45-5040456) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.