2025-05-15T13:20:55-05:00 2024-06-30 760269860 Blazek & Vetterling 2900 Weslayan Suite 200 Houston TX 77027 990 2023-07-01 844633153 IPS Enterprises Inc IPSE 9563778000 2115 West Pike Blvd Weslaco TX 78596 Rich Billings Interim CFO 9563778000 2025-05-15 1 0 Barbara Murphy P01386215 7134395739 2025-05-15 2023 2025-03-06 01:10:19Z Adam Miller 2115 West Pike Blvd Weslaco TX 78596 119741440 0 X N/A X 2019 TX IPS Enterprises provides public charter school management services to IDEA managed organizations. 7 7 1474 5 0 0 31452603 31191320 74958205 86558549 694579 1991571 0 0 107105387 119741440 29986977 31174938 0 0 56128448 59097877 0 0 70004 19455277 23422506 105570702 113695321 1534685 6046119 286946593 318579025 282941069 318824165 4005524 -245140 X 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. 0 0 96737953 31174938 86558549 See Schedule O 96737953 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 42 0 1 1474 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Adam Miller 9563778000 2115 West Pike Blvd Weslaco TX 78596 Collin Sewell Chair 2.50 2.50 X X 0 0 0 Ed Rivera Vice-Chair 2.50 2.50 X X 0 0 0 Erich Holmsten Treasurer 2.50 2.50 X X 0 0 0 Anthony Ryan Vaughan Secretary 1.00 1.00 X X 0 0 0 Michael Adams Member 1.00 1.00 X 0 0 0 Theresa Barrera-Shaw Member 1.00 1.00 X 0 0 0 Dr Nanette Cocero Member 1.00 1.00 X 0 0 0 Gary Lindgren Member 1.00 1.00 X 0 0 0 Reba Cardenas McNair Member 1.00 1.00 X 0 0 0 Kathleen Zimmermann Chief Financial Officer (from 3/24) 5.00 35.00 X 0 0 0 Leanne Hernandez Chief Financial Officer (to 11/23) 5.00 35.00 X 0 200076 34572 Layne Fisher Chief Operating Officer 5.00 35.00 X 0 265115 44798 Jeffrey Cottrill Superintendent & CEO 5.00 35.00 X 0 344586 10901 James Hartman Executive Dir. - Tampa Bay, FL 0.00 40.00 X 175516 0 15384 Simaran Bakshi Executive Dir. - Jacksonville, FL 0.00 40.00 X 174101 0 14934 Clifford Wallace Executive Dir. - Louisiana 0.00 40.00 X 152613 0 12774 Matthew Robinson Executive Dir. - Greater Cincinnati 0.00 40.00 X 119886 0 4800 Jamelle Goodwin Regional VP of Schools - Florida 0.00 40.00 X 114532 0 11288 Janine Valentin Managing Director of Ops - Florida 0.00 40.00 X 126273 0 9936 Dhiyaa-ud-deen Abdullah Principal - Louisiana 0.00 40.00 X 121127 0 9673 Katrice Terrance Regional Director of Ops - Louisiana 0.00 40.00 X 118157 0 4776 1102205 809777 173836 14 0 1 0 Park & Eleazer Construction LLC 2363 Gulf to Bay Blvd Ste 200 Clearwater FL 33765 Construction 4781718 Turner Construction Company 375 Hudson St New York NY 10014 Construction 1379011 Certified G Contrs 730 E Strawbridge Ave Ste 100 Melbourne FL 32901 Construction 870000 William Scottsman 901 S Bond St Ste 600 Baltimore MD 21231 Construction 860549 Project Mgmt Services Inc 1822 W Braker Ln 81734 Austin TX 78708 Construction 432352 20 30904768 286552 31191320 Management fees 611600 64239338 64239338 Auxiliary services 611600 22319211 22319211 86558549 222010 222010 1769561 1769561 119741440 86558549 0 1991571 31174938 31174938 571943 544698 27061 184 48948649 46686036 2247120 15493 886254 842193 44061 5349006 4988571 358635 1800 3342025 3221102 119417 1506 3558252 1454681 2052550 51021 179627 179627 37615 37615 466158 103708 362450 105053 785 104268 142413 142413 40511 19672 20839 15951 15951 13514305 2870728 10643577 5230916 4830841 400075 131705 131705 113695321 96737953 16887364 70004 3472027 13431749 21239100 45636402 3146102 5904733 3585246 347389 1526971 1868778 256950325 16907454 229840270 240042871 24136877 11347103 286946593 318579025 26140086 8846343 434939 2651776 49241584 165283908 199592489 124873714 6100000 4680163 1431971 12488261 282941069 318824165 X -4114206 -268344 8119730 23204 4005524 -245140 286946593 318579025 X 6046119 -10296783 X X 0 1 X 1 0 X X 5 IDEA Public Schools 742948339 2 1 3558252 0 IDEA Public Schools Louisiana Inc 813194334 10 0 22789043 0 IDEA Florida Inc 843519271 2 0 69617298 0 IDEA Greater Cincinnati Inc 853616675 2 0 11377667 0 IDEA Public Schools Arkansas Inc 870936913 2 0 6454 0 5 107348714 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33698593 33698593 188159008 14222253 173936755 5164189 2685201 2478988 29928535 29928535 240042871 Due to affiliates 12488261 12488261 X 119741440 0 119741440 0 119741440 113695321 0 113695321 0 113695321 Part X, Line 2: 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. 1 IDEA Greater Cincinnati Inc 2700 Glenway Ave Cincinnati OH 45204 853616675 501(c)(3) 286552 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) 30888386 0 Expansion, student recruitment, and general support 2 0 Part I, Line 2: IPS Enterprises, Inc. only makes grants to its supported organizations. The close relationships among the organizations serves to monitor the use of the funds. 0 0 0 0 0 0 0 1 0 Jeffrey Cottrill Superintendent & CEO 0 324775 0 9511 0 10300 0 8173 0 2728 0 355487 0 0 Layne Fisher Chief Operating Officer 0 235915 0 28200 0 1000 0 44798 0 0 0 309913 0 0 Leanne Hernandez Chief Financial Officer (to 11/23) 0 171576 0 28500 0 0 0 30983 0 3589 0 234648 0 0 James Hartman Executive Dir. - Tampa Bay, FL 167316 0 7700 0 500 0 7215 0 8169 0 190900 0 0 0 Simaran Bakshi Executive Dir. - Jacksonville, FL 158401 0 15200 0 500 0 7134 0 7800 0 189035 0 0 0 Clifford Wallace Executive Dir. - Louisiana 150413 0 2200 0 0 0 6174 0 6600 0 165387 0 0 0 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. A Port of Greater Cin Dev Auth 2021 311752368 73421LAA9 2021-12-17 28100000 Campus construction 0 0 0 B Florida Dev Fin Corp 2022 593270584 34061VAA4 2022-07-28 22600000 Campus construction 0 0 0 C Capital Projects Finance Auth 2023A 651070560 14043FAE6 2023-11-14 32790000 Campus construction/refi 0 0 0 D Capital Trust Auth 2023A 883537006 14054WAM7 2023-12-21 86069594 Campus construction/refi 0 0 0 A 28272680 1890098 1222545 554593 23628880 949607 0 0 0 1 B 23125388 448900 11762006 10389094 0 0 0 1 C 33380150 3370940 2594964 647684 11516188 200217 14551947 0 1 0 1 D 86333686 6413085 1692155 3283938 74082980 745383 0 1 0 1 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 A 0 1 0 0 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 C 0 1 0 0 0 0 0 0 0 D 0 1 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 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. 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. IPS Cincinnati LLC 2115 West Pike Blvd Weslaco TX 78596 874017522 Support services TX 1936802 28793985 IPS Enterprises Inc IPS Florida LLC 2115 West Pike Blvd Weslaco TX 78596 883404181 Support services TX 949463 33325356 IPS Enterprises Inc IPS Innovation LLC 2115 West Pike Blvd Weslaco TX 78596 207604160 Support services TX 1193422 15842119 IPS Enterprises Inc 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 0 1 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0