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Nonprofiteer
← IDEA FLORIDA INC

Form 990 for tax year 2022

Filed by IDEA FLORIDA INC.

Totals

Total revenue
$51,759,566
Total expenses
$51,493,720
Contributions and grants received
$51,759,566
Grants paid
$0
Program services expenses (Part IX)
$42,792,064
Management and general expenses
$8,701,656
Fundraising expenses
$0
Program service expenses (Part III)
$42,792,064

Program services were 83.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Lizzette Reynolds

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Nick Rhodes

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Christina Barker

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gary Chartrand

    Director

    Total calculated
    $0
    Hours/week
    1

  • Adam Miller

    Executive Director

    Total calculated
    $204,825
    From this org
    $0
    From related orgs
    $188,339
    Other
    $16,486
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $171,751 related
    Bonus
    $0 + $15,577 related
    Other
    $0 + $1,011 related
    Deferred
    $0 + $6,986 related
    Nontaxable benefits
    $0 + $9,500 related
    Filer's total
    $0 + $204,825 related

  • Simaran Bakshi

    Regional VP of Schools

    Total calculated
    $177,391
    From this org
    $0
    From related orgs
    $162,666
    Other
    $14,725
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $139,002 related
    Bonus
    $0 + $22,663 related
    Other
    $0 + $1,001 related
    Deferred
    $0 + $6,725 related
    Nontaxable benefits
    $0 + $8,000 related
    Filer's total
    $0 + $177,391 related

  • Latoya McGhee

    Principal

    Total calculated
    $125,691
    From this org
    $116,133
    From related orgs
    $0
    Other
    $9,558
    Hours/week
    40

  • Jamaul Thomas

    Principal

    Total calculated
    $122,929
    From this org
    $113,486
    From related orgs
    $0
    Other
    $9,443
    Hours/week
    40

  • Alexander Macaulay

    Managing Dir., FL Reg. Development

    Total calculated
    $116,910
    From this org
    $0
    From related orgs
    $107,575
    Other
    $9,335
    Hours/week
    40

  • Janet Crenshaw

    Regional Dir., Leader Development

    Total calculated
    $124,769
    From this org
    $0
    From related orgs
    $115,057
    Other
    $9,712
    Hours/week
    40

  • John MacLeod

    Dir., Financial Planning & Analysis

    Total calculated
    $124,573
    From this org
    $0
    From related orgs
    $112,909
    Other
    $11,664
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3:
IDEA Florida, Inc. (IDEA Florida) executed a management services agreement with IPS Enterprises, Inc. (IPS), a related tax-exempt organization that supports charter schools within the IDEA network, including IDEA Florida. IPS provides IDEA Florida with School Management Services, which include the provision of teachers, administrators, and other staff. Therefore, IPS employs and pays all staff except for the school principals which are employed directly by IDEA Florida. IPS bills IDEA Florida for contracted services and a management fee. Compensation of the organization's Executive Director and Regional VP of Schools positions is determined by IPS using compensation data from similar positions in other charter schools.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
1 May 2024
IRS schema version
2022v5.0
Source object
202421229349302917

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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