IPS ENTERPRISES INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- IPS ENTERPRISES INC (EIN 84-4633153)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-15
- IRS object ID
- 202521359349309912
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule I
- Schedule J
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-15T13:20:55-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 760269860 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Blazek & Vetterling | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2900 Weslayan Suite 200 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77027 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 844633153 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IPS Enterprises Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | IPSE | BusinessNameControlTxt |
| Phone | 9563778000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2115 West Pike Blvd | AddressLine1Txt |
| City | Weslaco | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78596 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Rich Billings | PersonNm |
| Person Title | Interim CFO | PersonTitleTxt |
| Phone | 9563778000 | PhoneNum |
| Signature | 2025-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Barbara Murphy | PreparerPersonNm |
| PTIN | P01386215 | PTIN |
| Phone | 7134395739 | PhoneNum |
| Preparation | 2025-05-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Adam Miller | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2115 West Pike Blvd | AddressLine1Txt |
| City | Weslaco | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78596 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $119,741,440 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2019 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | IPS Enterprises provides public charter school management services to IDEA managed organizations. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 1474 | TotalEmployeeCnt |
| Total Volunteers | 5 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $31,452,603 | PYContributionsGrantsAmt |
| CY Contributions Grants | $31,191,320 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $74,958,205 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $86,558,549 | CYProgramServiceRevenueAmt |
| PY Investment Income | $694,579 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,991,571 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $107,105,387 | PYTotalRevenueAmt |
| CY Total Revenue | $119,741,440 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $29,986,977 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $31,174,938 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $56,128,448 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $59,097,877 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $70,004 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $19,455,277 | PYOtherExpensesAmt |
| CY Other Expenses | $23,422,506 | CYOtherExpensesAmt |
| PY Total Expenses | $105,570,702 | PYTotalExpensesAmt |
| CY Total Expenses | $113,695,321 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,534,685 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $6,046,119 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $286,946,593 | TotalAssetsBOYAmt |
| Total Assets EOY | $318,579,025 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $282,941,069 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $318,824,165 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $4,005,524 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$245,140 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | IPS Enterprises provides grades Pre-K through 12 public charter school management services to IDEA managed organizations. IPS supports these organizations by providing expertise and personnel and by owning and leasing school buildings and equipment. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $96,737,953 | ExpenseAmt |
| Grant | $31,174,938 | GrantAmt |
| Revenue | $86,558,549 | RevenueAmt |
| Desc | See Schedule O | Desc |
| Total Program Service Expenses | $96,737,953 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 42 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1474 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Adam Miller | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9563778000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2115 West Pike Blvd | AddressLine1Txt |
| City | Weslaco | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78596 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| Collin Sewell | |||||||||
| Chair | 2.50 | 2.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Ed Rivera | |||||||||
| Vice-Chair | 2.50 | 2.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Erich Holmsten | |||||||||
| Treasurer | 2.50 | 2.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Anthony Ryan Vaughan | |||||||||
| Secretary | 1.00 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Michael Adams | |||||||||
| Member | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Theresa Barrera-Shaw | |||||||||
| Member | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Dr Nanette Cocero | |||||||||
| Member | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Gary Lindgren | |||||||||
| Member | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Reba Cardenas McNair | |||||||||
| Member | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| Kathleen Zimmermann | |||||||||
| Chief Financial Officer (from 3/24) | 5.00 | 35.00 | Yes (X) | $0 | $0 | $0 | |||
| Leanne Hernandez | |||||||||
| Chief Financial Officer (to 11/23) | 5.00 | 35.00 | Yes (X) | $0 | $200,076 | $34,572 | |||
| Layne Fisher | |||||||||
| Chief Operating Officer | 5.00 | 35.00 | Yes (X) | $0 | $265,115 | $44,798 | |||
| Jeffrey Cottrill | |||||||||
| Superintendent & CEO | 5.00 | 35.00 | Yes (X) | $0 | $344,586 | $10,901 | |||
| James Hartman | |||||||||
| Executive Dir. - Tampa Bay, FL | 0.00 | 40.00 | $175,516 | $0 | $15,384 | Yes (X) | |||
| Simaran Bakshi | |||||||||
| Executive Dir. - Jacksonville, FL | 0.00 | 40.00 | $174,101 | $0 | $14,934 | Yes (X) | |||
| Clifford Wallace | |||||||||
| Executive Dir. - Louisiana | 0.00 | 40.00 | $152,613 | $0 | $12,774 | Yes (X) | |||
| Matthew Robinson | |||||||||
| Executive Dir. - Greater Cincinnati | 0.00 | 40.00 | $119,886 | $0 | $4,800 | Yes (X) | |||
| Jamelle Goodwin | |||||||||
| Regional VP of Schools - Florida | 0.00 | 40.00 | $114,532 | $0 | $11,288 | Yes (X) | |||
| Janine Valentin | |||||||||
| Managing Director of Ops - Florida | 0.00 | 40.00 | $126,273 | $0 | $9,936 | Yes (X) | |||
| Dhiyaa-ud-deen Abdullah | |||||||||
| Principal - Louisiana | 0.00 | 40.00 | $121,127 | $0 | $9,673 | Yes (X) | |||
| Katrice Terrance | |||||||||
| Regional Director of Ops - Louisiana | 0.00 | 40.00 | $118,157 | $0 | $4,776 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,102,205 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $809,777 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $173,836 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 14 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Park & Eleazer Construction LLC | |||||
| 2363 Gulf to Bay Blvd Ste 200 | Clearwater | FL | 33765 | Construction | $4,781,718 |
| Turner Construction Company | |||||
| 375 Hudson St | New York | NY | 10014 | Construction | $1,379,011 |
| Certified G Contrs | |||||
| 730 E Strawbridge Ave Ste 100 | Melbourne | FL | 32901 | Construction | $870,000 |
| William Scottsman | |||||
| 901 S Bond St Ste 600 | Baltimore | MD | 21231 | Construction | $860,549 |
| Project Mgmt Services Inc | |||||
| 1822 W Braker Ln 81734 | Austin | TX | 78708 | Construction | $432,352 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 20 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $30,904,768 | GovernmentGrantsAmt |
| All Other Contributions | $286,552 | AllOtherContributionsAmt |
| Total Contributions | $31,191,320 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Management fees | 611600 | $64,239,338 | $64,239,338 |
| Auxiliary services | 611600 | $22,319,211 | $22,319,211 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $86,558,549 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $222,010 | TotalRevenueColumnAmt |
| Exclusion | $222,010 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,769,561 | TotalRevenueColumnAmt |
| Exclusion | $1,769,561 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $119,741,440 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $86,558,549 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,991,571 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,174,938 | TotalAmt |
| Program Services | $31,174,938 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $571,943 | TotalAmt |
| Program Services | $544,698 | ProgramServicesAmt |
| Management And General | $27,061 | ManagementAndGeneralAmt |
| Fundraising | $184 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,948,649 | TotalAmt |
| Program Services | $46,686,036 | ProgramServicesAmt |
| Management And General | $2,247,120 | ManagementAndGeneralAmt |
| Fundraising | $15,493 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $886,254 | TotalAmt |
| Program Services | $842,193 | ProgramServicesAmt |
| Management And General | $44,061 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,349,006 | TotalAmt |
| Program Services | $4,988,571 | ProgramServicesAmt |
| Management And General | $358,635 | ManagementAndGeneralAmt |
| Fundraising | $1,800 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,342,025 | TotalAmt |
| Program Services | $3,221,102 | ProgramServicesAmt |
| Management And General | $119,417 | ManagementAndGeneralAmt |
| Fundraising | $1,506 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,558,252 | TotalAmt |
| Program Services | $1,454,681 | ProgramServicesAmt |
| Management And General | $2,052,550 | ManagementAndGeneralAmt |
| Fundraising | $51,021 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $179,627 | TotalAmt |
| Management And General | $179,627 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,615 | TotalAmt |
| Management And General | $37,615 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $466,158 | TotalAmt |
| Program Services | $103,708 | ProgramServicesAmt |
| Management And General | $362,450 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $105,053 | TotalAmt |
| Program Services | $785 | ProgramServicesAmt |
| Management And General | $104,268 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,413 | TotalAmt |
| Management And General | $142,413 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,511 | TotalAmt |
| Program Services | $19,672 | ProgramServicesAmt |
| Management And General | $20,839 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,951 | TotalAmt |
| Management And General | $15,951 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,514,305 | TotalAmt |
| Program Services | $2,870,728 | ProgramServicesAmt |
| Management And General | $10,643,577 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,230,916 | TotalAmt |
| Program Services | $4,830,841 | ProgramServicesAmt |
| Management And General | $400,075 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $131,705 | TotalAmt |
| Management And General | $131,705 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $113,695,321 | TotalAmt |
| Program Services | $96,737,953 | ProgramServicesAmt |
| Management And General | $16,887,364 | ManagementAndGeneralAmt |
| Fundraising | $70,004 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,472,027 | BOYAmt |
| EOY | $13,431,749 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,239,100 | BOYAmt |
| EOY | $45,636,402 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,146,102 | BOYAmt |
| EOY | $5,904,733 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,585,246 | BOYAmt |
| EOY | $347,389 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,526,971 | BOYAmt |
| EOY | $1,868,778 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $256,950,325 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $16,907,454 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $229,840,270 | BOYAmt |
| EOY | $240,042,871 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,136,877 | BOYAmt |
| EOY | $11,347,103 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $286,946,593 | BOYAmt |
| EOY | $318,579,025 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,140,086 | BOYAmt |
| EOY | $8,846,343 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $434,939 | BOYAmt |
| EOY | $2,651,776 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,241,584 | BOYAmt |
| EOY | $165,283,908 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $199,592,489 | BOYAmt |
| EOY | $124,873,714 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,100,000 | BOYAmt |
| EOY | $4,680,163 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,431,971 | BOYAmt |
| EOY | $12,488,261 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $282,941,069 | BOYAmt |
| EOY | $318,824,165 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$4,114,206 | BOYAmt |
| EOY | -$268,344 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,119,730 | BOYAmt |
| EOY | $23,204 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,005,524 | BOYAmt |
| EOY | -$245,140 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $286,946,593 | BOYAmt |
| EOY | $318,579,025 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $6,046,119 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$10,296,783 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type1 | Yes (X) | SupportingOrgType1Ind |
| Supported Organizations | 5 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp (5 entries)
| EINEIN | Organization TypeOrganizationTypeCd | Governing Document ListedGoverningDocumentListedInd | SupportSupportAmt | Other SupportOtherSupportAmt |
|---|---|---|---|---|
| IDEA Public Schools | ||||
| 742948339 | 2 | Yes (1) | $3,558,252 | $0 |
| IDEA Public Schools Louisiana Inc | ||||
| 813194334 | 10 | 0 | $22,789,043 | $0 |
| IDEA Florida Inc | ||||
| 843519271 | 2 | 0 | $69,617,298 | $0 |
| IDEA Greater Cincinnati Inc | ||||
| 853616675 | 2 | 0 | $11,377,667 | $0 |
| IDEA Public Schools Arkansas Inc | ||||
| 870936913 | 2 | 0 | $6,454 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 5 | SupportedOrganizationsTotalCnt |
| Support Sum | $107,348,714 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | 0 | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | 0 | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Power Appoint Majority Dir Trst | Yes (1) | PowerAppointMajorityDirTrstInd |
| Operate Benefit Non Suprt Org | 0 | OperateBenefitNonSuprtOrgInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part IV, Section A, Line 1: | The supported organizations that are not designated in the organization's governing documents specifically by name are designated in the governing documents of the organization by class and purpose as "other charter schools and educational organizations located in Texas, Louisiana, Florida, Ohio, and Arkansas". They are supported by the organization in order to (I) promote education by developing school models, educational services, and products for the purposes of replicating the IDEA model, (II) facilitate charter school campus development projects, including design, financing, and leasing the developments, and (III) facilitate the attainment of higher education by providing college tuition assistance in the form of scholarships and grants for charter school graduates. |
| Part I, Line 12g, Column iv: | IDEA Public Schools Louisiana, Inc. - see explanation above for Part IV, Section A, Line 1. |
| Part I, Line 12g, Column iv: | IDEA Florida, Inc. - see explanation above for Part IV, Section A, Line 1. |
| Part I, Line 12g, Column iv: | IDEA Greater Cincinnati, Inc. - see explanation above for Part IV, Section A, Line 1. |
| Part I, Line 12g, Column iv: | IDEA Public Schools Arkansas, Inc. - see explanation above for Part IV, Section A, Line 1. |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $33,698,593 | OtherCostOrOtherBasisAmt |
| Book Value | $33,698,593 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $188,159,008 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,222,253 | DepreciationAmt |
| Book Value | $173,936,755 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,164,189 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,685,201 | DepreciationAmt |
| Book Value | $2,478,988 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $29,928,535 | OtherCostOrOtherBasisAmt |
| Book Value | $29,928,535 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $240,042,871 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Due to affiliates | Desc |
| Amt | $12,488,261 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $12,488,261 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $119,741,440 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $119,741,440 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $119,741,440 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $113,695,321 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $113,695,321 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $113,695,321 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part X, Line 2: | FormAndLineReferenceDesc |
| Explanation | Management has evaluated its material tax positions, which include such matters as potential sources of unrelated business income. As of June 30, 2024, there were no uncertain tax benefits. No such provision has been made in the accompanying financial statements. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| IDEA Greater Cincinnati Inc | ||||||||
| 2700 Glenway Ave | Cincinnati | OH | 45204 | 853616675 | 501(c)(3) | $286,552 | $0 | Expansion, student recruitment, and general support |
| IDEA Florida Inc | ||||||||
| c/o IDEA Hope 5050 E 10th Ave | Tampa | FL | 33619 | 843519271 | 501(c)(3) | $30,888,386 | $0 | Expansion, student recruitment, and general support |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | IPS Enterprises, Inc. only makes grants to its supported organizations. The close relationships among the organizations serves to monitor the use of the funds. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jeffrey Cottrill | ||||||||||||||
| Superintendent & CEO | $0 | $324,775 | $0 | $9,511 | $0 | $10,300 | $0 | $8,173 | $0 | $2,728 | $0 | $355,487 | $0 | $0 |
| Layne Fisher | ||||||||||||||
| Chief Operating Officer | $0 | $235,915 | $0 | $28,200 | $0 | $1,000 | $0 | $44,798 | $0 | $0 | $0 | $309,913 | $0 | $0 |
| Leanne Hernandez | ||||||||||||||
| Chief Financial Officer (to 11/23) | $0 | $171,576 | $0 | $28,500 | $0 | $0 | $0 | $30,983 | $0 | $3,589 | $0 | $234,648 | $0 | $0 |
| James Hartman | ||||||||||||||
| Executive Dir. - Tampa Bay, FL | $167,316 | $0 | $7,700 | $0 | $500 | $0 | $7,215 | $0 | $8,169 | $0 | $190,900 | $0 | $0 | $0 |
| Simaran Bakshi | ||||||||||||||
| Executive Dir. - Jacksonville, FL | $158,401 | $0 | $15,200 | $0 | $500 | $0 | $7,134 | $0 | $7,800 | $0 | $189,035 | $0 | $0 | $0 |
| Clifford Wallace | ||||||||||||||
| Executive Dir. - Louisiana | $150,413 | $0 | $2,200 | $0 | $0 | $0 | $6,174 | $0 | $6,600 | $0 | $165,387 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 3 | The officers of IDEA Public Schools also serve as officers of IPS Enterprises, Inc. The officers' compensation is determined by the board of directors of IDEA Public Schools. An independent consultant was contracted to conduct a survey of similar roles in comparable non-profit organizations as defined by the third party's market assessment. Based on the analysis, the board of directors approved contracts for the officers within the identified reasonable total compensation range. |
| Part I, Line 7 | IPS Enterprises, Inc. has a performance and recognition program based on attainment of certain criteria. Payments are contingent on active employment and financial health of the organization. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| Port of Greater Cin Dev Auth 2021 | ||||||||
| A | 311752368 | 73421LAA9 | 2021-12-17 | $28,100,000 | Campus construction | 0 | 0 | 0 |
| Florida Dev Fin Corp 2022 | ||||||||
| B | 593270584 | 34061VAA4 | 2022-07-28 | $22,600,000 | Campus construction | 0 | 0 | 0 |
| Capital Projects Finance Auth 2023A | ||||||||
| C | 651070560 | 14043FAE6 | 2023-11-14 | $32,790,000 | Campus construction/refi | 0 | 0 | 0 |
| Capital Trust Auth 2023A | ||||||||
| D | 883537006 | 14054WAM7 | 2023-12-21 | $86,069,594 | Campus construction/refi | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | UnspentUnspentAmt | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Other Spent ProceedsOtherSpentProceedsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $28,272,680 | $1,890,098 | $1,222,545 | $554,593 | $23,628,880 | $949,607 | 0 | 0 | 0 | Yes (1) | |
| B | $23,125,388 | $448,900 | $11,762,006 | $10,389,094 | 0 | 0 | 0 | Yes (1) | |||
| C | $33,380,150 | $3,370,940 | $2,594,964 | $647,684 | $11,516,188 | $14,551,947 | 0 | Yes (1) | 0 | Yes (1) | $200,217 |
| D | $86,333,686 | $6,413,085 | $1,692,155 | $3,283,938 | $745,383 | 0 | Yes (1) | 0 | Yes (1) | $74,082,980 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| C | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| C | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | 0 |
| B | 0 |
| C | 0 |
| D | 0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule K, Part II, Column A, Lines 3, 4 and 12. | Total proceeds of issue, gross proceeds in reserve funds, and other unspent proceeds amounts include investment proceeds from interest income earned. |
| Schedule K, Part II, Column B, Lines 3, 4 and 12. | Total proceeds of issue, gross proceeds in reserve funds, and other unspent proceeds amounts include investment proceeds from interest income earned. |
| Schedule K, Part II, Column C, Lines 3, 4 and 12. | Total proceeds of issue, gross proceeds in reserve funds, and other unspent proceeds amounts include investment proceeds from interest income earned. |
| Schedule K, Part II, Column D, Lines 3, 4 and 12. | Total proceeds of issue, gross proceeds in reserve funds, and other unspent proceeds amounts include investment proceeds from interest income earned. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, Line 4a | IPS Enterprises provides grades Pre-K through 12 public charter school management services via management services agreements with schools in the IDEA network. Through these services, IPS Enterprises carries out its exempt purposes by developing school models, educational services, and products for the purposes of replicating the IDEA model, facilitating charter school campus development, including designing, financing, and leasing charter school sites, buildings and certain equipment facilitating the attainment of higher education. These activities are properly within the scope of IPS Enterprises' exempt purposes because they are functions that are reasonably and customarily necessary in order for IDEA to operate schools and to expand its network of charter schools both through its own expansion and by working with other educational organizations described in Section 501(c)(3) of the Code. IDEA accomplishes this component of its exempt purposes by and through IPS Enterprises, primarily through various lease and financing arrangements, through Management Services Agreements with the IDEA managed organizations, and through a Shared Services Agreement with IDEA. Pursuant to management arrangements and agreements, IDEA, through IPS Enterprises, makes available its charter school expertise, intellectual property, management and staffing services, charter school buildings, sites, certain equipment and other property and services to the IDEA managed organizations. IDEA Public Schools operates public, tuition-free charter schools in the State of Texas (the "IDEA Schools"). Due to interest in expanding the IDEA curriculum and school concept to states outside of Texas, IDEA formed IDEA Public Schools Louisiana, Inc. (EIN: 81-3194334), IDEA Florida, Inc. (EIN: 84-3519271), IDEA Greater Cincinnati, Inc. (EIN: 85-3616675), and IDEA Public Schools Arkansas, Inc. (EIN: 87-0936913). The IDEA Schools, together with the charter schools operated or to be operated by the IDEA managed organizations, are referred to herein collectively as the "Schools." All of the Schools are or will be public, tuition-free charter schools operated pursuant to charter contracts with the relevant charter-issuing authorities (the "Charter Contracts"). |
| Form 990, Part VI, Section A, line 6 | IDEA Public Schools is the Sole Member. |
| Form 990, Part VI, Section A, line 7a | IDEA Public Schools, as the Sole Member of the organization, has the power to elect or appoint all members of the governing body. |
| Form 990, Part VI, Section A, line 7b | IDEA Public Schools, as the Sole Member of the organization, has the power to exercise any and all rights or powers granted to the Sole Member pursuant to the express terms of the Bylaws and the Texas Business Organizations Code (TBOC). The approval or consent of the Sole Member will not be required to authorize the taking of any action by the organization unless, and then only to the extent that: (i) the Bylaws expressly provides therefor; or (ii) such approval or consent is required by non-waivable provisions of the TBOC. The Sole Member has the right to take any action with respect to the organization necessary, in its sole discretion, to protect the Sole Member's status as an exempt entity under section 501(c)(3) of the Code. |
| Form 990, Part VI, Section B, line 11b | The finance committee will review the Form 990 prior to filing. Points raised by this review are resolved between key financial personnel, other management personnel (if needed) and the organization's outside tax preparer before filing. In addition, the 990 will be presented and emailed to the Board prior to filing with the IRS. |
| Form 990, Part VI, Section B, line 12c | The management and board of IPS Enterprises, Inc. monitor potential conflicts of interest. |
| Form 990, Part VI, Section B, line 15 | For Superintendent/CEO compensation, the board of directors of IDEA Public Schools contracted an independent consultant to conduct a survey of Superintendents/CEOs in comparable non-profit organizations as defined by the third party's market assessment. Based on the analysis, the board of directors approved a contract for the Superintendent/CEO within the identified reasonable total remuneration range. For other executives, compensation was determined using a similar process of industry benchmarking based on data aggregated by an independent consultant that specialized in non-profit compensation reports. |
| Form 990, Part VI, Section C, line 19 | Financial statements are audited separately for IPS Enterprises, Inc. and consolidated with IDEA Public Schools financial statements. The consolidated audited financial statements are available on the IDEA Public Schools website. Other documents are available upon request. |
| Form 990, Part XI, line 9: | Write-off of intercompany balances with supported organizations -6,183,095. Loss on impairment of CIP assets for abandoned projects -4,113,688. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| IPS Cincinnati LLC | |||||||||
| 2115 West Pike Blvd | Weslaco | TX | 78596 | 874017522 | Support services | TX | $1,936,802 | $28,793,985 | IPS Enterprises Inc |
| IPS Florida LLC | |||||||||
| 2115 West Pike Blvd | Weslaco | TX | 78596 | 883404181 | Support services | TX | $949,463 | $33,325,356 | IPS Enterprises Inc |
| IPS Innovation LLC | |||||||||
| 2115 West Pike Blvd | Weslaco | TX | 78596 | 207604160 | Support services | TX | $1,193,422 | $15,842,119 | IPS Enterprises Inc |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| IDEA Public Schools | ||||||||||
| 2115 West Pike Blvd | Weslaco | TX | 78596 | 742948339 | Education | TX | 501(c)(3) | Line 2 | N/A | 0 |
| IDEA Public Schools Louisiana Inc | ||||||||||
| 804 Main St | Baton Rouge | LA | 70802 | 813194334 | Education | LA | 501(c)(3) | Line 10 | N/A | 0 |
| IDEA Florida Inc | ||||||||||
| c/o IDEA Hope 5050 E 10th Ave | Tampa | FL | 33619 | 843519271 | Education | FL | 501(c)(3) | Line 2 | N/A | 0 |
| IDEA Greater Cincinnati Inc | ||||||||||
| 2700 Glenway Ave | Cincinnati | OH | 45204 | 853616675 | Education | OH | 501(c)(3) | Line 2 | N/A | 0 |
| IDEA Public Schools Arkansas Inc | ||||||||||
| 3350 S Pinnacle Hills Pkwy Ste 301 | Rogers | AR | 72758 | 870936913 | Education | AR | 501(c)(3) | Line 2 | N/A | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
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