Nonprofit · EIN 92-0277794
HIP KIDS INC
Tax-exempt · QUINCY, MA 02170
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $346,232 | $355,691 | -$9,459 | $1 | $2,617 | -$2,616 |
| December 31, 2023 | 990 | $269,595 | $272,165 | -$2,570 | $6,843 | $0 | $6,843 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $346,232
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $32,150
- Other salaries and wages
- $286,430
- Salaries, compensation and benefits (total)
- $319,294
- Professional fundraising fees
- $0
- Accounting fees
- $4,263
- Travel
- $333
- Program services (functional)
- $355,691
Balance sheet and other
- Total assets, start of year
- $6,843
- Total assets, end of year
- $1
- Total liabilities, end of year
- $2,617
- Net assets, end of year
- -$2,616
- Gross receipts
- $346,232
- Employees
- 2
- Volunteers
- 0
- Year formed
- 2022
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA SABINI | PRESIDENT Trustee or director, Officer | 30 | $32,150 |
| KELLY SABINI | DIRECTOR Trustee or director | 1 | $0 |
| JULIE RAMA WINSLOW | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA SABINI | PRESIDENT Trustee or director, Officer | 30 | $51,465 |
| KELLY SABINI | DIRECTOR Trustee or director | 1 | $0 |
| JULIE RAMA WINSLOW | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 333 BELMONT ST, QUINCY, MA 02170-3312
- In care of
- % LAURA E SABINI
- Principal officer (990 for 2024)
- LAURA SABINI, 333 BELMONT ST, N QUINCY, MA 02170
- Signed the 990
- LAURA SABINI, PRESIDENT
- Phone
- (617) 852-9833
- Website
- HIPKIDSCLASSES.ORG
- Return prepared by
- REARDON AND COMPANY LLP
Mission
HIGH QUALITY EDUCATIONAL MUSIC MOVEMENT AND ART IN SCHOOL AND AFTER SCHOOL ENRICHMENTPROGRAMMING
Program accomplishments
- HIGH QUALITY MUSIC MOVEMENT AND ART IN SCHOOL AND AFTERSCHOOL ENRICHMENT PROGRAMMINGExpenses $355,691 · revenue $346,232
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 92-0277794
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A68)
- Assets (IRS master file)
- $1
- Income (IRS master file)
- $346,232
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $346,232 | $355,691 | $1 | XML |
| 990 | December 2023 | $269,595 | $272,165 | $6,843 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 92-0277794).
Questions about HIP KIDS INC
- What is the EIN of HIP KIDS INC?
- The employer identification number (EIN) of HIP KIDS INC is 92-0277794.
- Is HIP KIDS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to HIP KIDS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HIP KIDS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HIP KIDS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HIP KIDS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HIP KIDS INC?
- The 990 for the year ended December 31, 2024 names LAURA SABINI.
- Who are the officers and directors of HIP KIDS INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $32,150 (LAURA SABINI, PRESIDENT).
- How much revenue does HIP KIDS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $346,232, expenses of $355,691 and total assets of $1 at year end.
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