Skip to content
Nonprofiteer
← IPS ENTERPRISES INC

Form 990 for tax year 2023

Filed by IPS ENTERPRISES INC.

Totals

Total revenue
$119,741,440
Total expenses
$113,695,321
Contributions and grants received
$31,191,320
Grants paid
$31,174,938
Program services expenses (Part IX)
$96,737,953
Management and general expenses
$16,887,364
Fundraising expenses
$70,004
Program service expenses (Part III)
$96,737,953

Program services were 85.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Collin Sewell

    Chair

    Total calculated
    $0
    Hours/week
    2.5 + 2.5 related

  • Ed Rivera

    Vice-Chair

    Total calculated
    $0
    Hours/week
    2.5 + 2.5 related

  • Erich Holmsten

    Treasurer

    Total calculated
    $0
    Hours/week
    2.5 + 2.5 related

  • Anthony Ryan Vaughan

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Adams

    Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Theresa Barrera-Shaw

    Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dr Nanette Cocero

    Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gary Lindgren

    Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Reba Cardenas McNair

    Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kathleen Zimmermann

    Chief Financial Officer (from 3/24)

    Total calculated
    $0
    Hours/week
    5 + 35 related

  • Leanne Hernandez

    Chief Financial Officer (to 11/23)

    Total calculated
    $234,648
    From this org
    $0
    From related orgs
    $200,076
    Other
    $34,572
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,576 related
    Bonus
    $0 + $28,500 related
    Other
    $0
    Deferred
    $0 + $30,983 related
    Nontaxable benefits
    $0 + $3,589 related
    Filer's total
    $0 + $234,648 related

  • Layne Fisher

    Chief Operating Officer

    Total calculated
    $309,913
    From this org
    $0
    From related orgs
    $265,115
    Other
    $44,798
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $235,915 related
    Bonus
    $0 + $28,200 related
    Other
    $0 + $1,000 related
    Deferred
    $0 + $44,798 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $309,913 related

  • Jeffrey Cottrill

    Superintendent & CEO

    Total calculated
    $355,487
    From this org
    $0
    From related orgs
    $344,586
    Other
    $10,901
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $324,775 related
    Bonus
    $0 + $9,511 related
    Other
    $0 + $10,300 related
    Deferred
    $0 + $8,173 related
    Nontaxable benefits
    $0 + $2,728 related
    Filer's total
    $0 + $355,487 related

  • James Hartman

    Executive Dir. - Tampa Bay, FL

    Total calculated
    $190,900
    From this org
    $175,516
    From related orgs
    $0
    Other
    $15,384
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $167,316
    Bonus
    $7,700
    Other
    $500
    Deferred
    $7,215
    Nontaxable benefits
    $8,169
    Filer's total
    $190,900

  • Simaran Bakshi

    Executive Dir. - Jacksonville, FL

    Total calculated
    $189,035
    From this org
    $174,101
    From related orgs
    $0
    Other
    $14,934
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $158,401
    Bonus
    $15,200
    Other
    $500
    Deferred
    $7,134
    Nontaxable benefits
    $7,800
    Filer's total
    $189,035

  • Clifford Wallace

    Executive Dir. - Louisiana

    Total calculated
    $165,387
    From this org
    $152,613
    From related orgs
    $0
    Other
    $12,774
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $150,413
    Bonus
    $2,200
    Other
    $0
    Deferred
    $6,174
    Nontaxable benefits
    $6,600
    Filer's total
    $165,387

  • Matthew Robinson

    Executive Dir. - Greater Cincinnati

    Total calculated
    $124,686
    From this org
    $119,886
    From related orgs
    $0
    Other
    $4,800
    Hours/week
    0 + 40 related

  • Jamelle Goodwin

    Regional VP of Schools - Florida

    Total calculated
    $125,820
    From this org
    $114,532
    From related orgs
    $0
    Other
    $11,288
    Hours/week
    0 + 40 related

  • Janine Valentin

    Managing Director of Ops - Florida

    Total calculated
    $136,209
    From this org
    $126,273
    From related orgs
    $0
    Other
    $9,936
    Hours/week
    0 + 40 related

  • Dhiyaa-ud-deen Abdullah

    Principal - Louisiana

    Total calculated
    $130,800
    From this org
    $121,127
    From related orgs
    $0
    Other
    $9,673
    Hours/week
    0 + 40 related

  • Katrice Terrance

    Regional Director of Ops - Louisiana

    Total calculated
    $122,933
    From this org
    $118,157
    From related orgs
    $0
    Other
    $4,776
    Hours/week
    0 + 40 related

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

  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

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.

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

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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349309912

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

The source document this was parsed from is served over the API, which is where bulk and document access live.