Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $25,090,976

• 1f · All other contributions, gifts and grants

  $6,361,627

• 1g · Noncash contributions included above

  $255

• 2a · Program service revenue: Management fees

  total $60,146,708 · related or exempt $60,146,708

• 2b · Program service revenue: Auxiliary services

  total $14,811,497 · related or exempt $14,811,497

• 3 · Investment income

  total $215,874 · excluded $215,874

• 4 · Income from investment of tax-exempt bond proceeds

  total $426,331 · excluded $426,331

• 7a · Gross sales of assets other than inventory

  other assets $477,062

• 7b · Less cost or other basis and sales expenses

  other assets $424,688

• 7c · Gain or loss

  other assets $52,374

• 7d · Net gain or loss

  total $52,374 · excluded $52,374

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $29,986,977 · program services $29,986,977

• 5 · Compensation of officers, directors and key employees

  total $531,132 · program services $487,422 · management and general $41,994 · fundraising $1,716

• 7 · Other salaries and wages

  total $45,474,394 · program services $41,703,398 · management and general $3,631,058 · fundraising $139,938

• 8 · Pension plan contributions

  total $852,476 · program services $743,092 · management and general $93,301 · fundraising $16,083

• 9 · Other employee benefits

  total $6,054,627 · program services $5,645,773 · management and general $392,939 · fundraising $15,915

• 10 · Payroll taxes

  total $3,215,819 · program services $2,929,605 · management and general $278,531 · fundraising $7,683

• 11a · Fees: management

  total $1,855,717 · program services $262,828 · management and general $1,554,070 · fundraising $38,819

• 11b · Fees: legal

  total $113,210 · management and general $113,210

• 11c · Fees: accounting

  total $35,000 · management and general $35,000

• 12 · Advertising and promotion

  total $111,762 · management and general $111,762

• 13 · Office expenses

  total $1,717,455 · program services $1,275,048 · management and general $442,407

• 16 · Occupancy

  total $51,298 · management and general $51,298

• 17 · Travel

  total $12,924 · management and general $12,924

• 20 · Interest

  total $8,646,188 · program services $8,024,848 · management and general $621,340

• 22 · Depreciation, depletion and amortization

  total $6,855,123 · program services $6,270,270 · management and general $584,853

• 23 · Insurance

  total $56,600 · program services $56,600

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,250,706 · end of year $3,472,027

• 2 · Savings and temporary cash investments

  end of year $21,239,100

• 3 · Pledges and grants receivable

  beginning of year $6,466,386 · end of year $3,146,102

• 4 · Accounts receivable

  beginning of year $15,863,852 · end of year $3,585,246

• 9 · Prepaid expenses and deferred charges

  beginning of year $343,761 · end of year $1,526,971

• 10a · Land, buildings and equipment: cost or other basis

  $241,516,811

• 10b · Land, buildings and equipment: accumulated depreciation

  $11,676,541

• 10c · Land, buildings and equipment, net

  beginning of year $152,818,973 · end of year $229,840,270

• 14 · Intangible assets

  beginning of year $960,999

• 15 · Other assets

  beginning of year $23,106,737 · end of year $24,136,877

• 17 · Accounts payable and accrued expenses

  beginning of year $47,399,642 · end of year $26,140,086

• 19 · Deferred revenue

  end of year $434,939

• 20 · Tax-exempt bond liabilities

  end of year $49,241,584

• 23 · Secured mortgages and notes payable

  beginning of year $143,713,947 · end of year $202,592,489

• 24 · Unsecured notes and loans payable

  beginning of year $3,100,000 · end of year $3,100,000

• 25 · Other liabilities

  beginning of year $6,126,986 · end of year $1,431,971

• 27 · Net assets without donor restrictions

  beginning of year -$4,388,577 · end of year -$4,114,206

• 28 · Net assets with donor restrictions

  beginning of year $6,859,416 · end of year $8,119,730

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 officer's 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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• IPS Cincinnati LLC

  Support services · TX · income $1,175,068 · assets $30,276,629

  Directly controlled by IPS Enterprises Inc

• IPS Florida LLC

  Support services · TX · income $154,766 · assets $31,621,380

  Directly controlled by IPS Enterprises Inc

• IPS Innovation LLC

  Support services · TX · income $719,958 · assets $17,720,887

  Directly controlled by IPS Enterprises Inc