Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $41,234,582

• 1f · All other contributions, gifts and grants

  $365,421

• 2a · Program service revenue: Local Revenue

  total $319,348 · related or exempt $319,348

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $247,307 · program services $74,192 · management and general $173,115

• 7 · Other salaries and wages

  total $14,833,186 · program services $13,771,629 · management and general $1,061,557

• 8 · Pension plan contributions

  total $942,550 · program services $925,246 · management and general $17,304

• 9 · Other employee benefits

  total $2,179,221 · program services $2,007,219 · management and general $172,002

• 10 · Payroll taxes

  total $1,112,221 · program services $1,023,191 · management and general $89,030

• 16 · Occupancy

  total $6,145,710 · program services $6,040,546 · management and general $105,164

• 20 · Interest

  total $366,434 · program services $366,434

• 22 · Depreciation, depletion and amortization

  total $886,303 · program services $772,753 · management and general $113,550

• 24a · Other expenses: Student Services

  total $3,079,249 · program services $3,079,249

• 24b · Other expenses: Materials and Supplies

  total $2,378,099 · program services $2,212,141 · management and general $165,958

• 24c · Other expenses: Shared Services - Relat

  total $2,072,533 · management and general $2,072,533

• 24d · Other expenses: Operating Expenses

  total $1,432,357 · program services $27,492 · management and general $1,404,865

• 24e · All other expenses

  total $1,723 · program services $1,723

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,462,415 · end of year $8,221,513

• 4 · Accounts receivable

  beginning of year $5,638,239 · end of year $6,103,673

• 9 · Prepaid expenses and deferred charges

  beginning of year $68,009 · end of year $223,757

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

  $12,331,794

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

  $3,262,704

• 10c · Land, buildings and equipment, net

  beginning of year $8,357,927 · end of year $9,069,090

• 15 · Other assets

  beginning of year $3,348,614 · end of year $8,000,442

• 17 · Accounts payable and accrued expenses

  beginning of year $1,605,167 · end of year $681,967

• 19 · Deferred revenue

  beginning of year $199,914 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $6,749,406 · end of year $6,588,763

• 25 · Other liabilities

  beginning of year $3,723,259 · end of year $4,062,498

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $2,144,336

• 31 · Retained earnings, endowment or other funds

  beginning of year $9,597,458 · end of year $18,140,911

The filer's explanations (Part III)

Schedule J, Part II:

Jovan Orozco, Director of Finance/CBO, is compensated by an unrelated organization for services provided to IOTA Community Schools. Amounts reported on Schedule J, Part II and Form 990, Part VII reflect the compensation paid by Green Dot Public Schools National, an unrelated organization. Retirement and nontaxable benefit information was not available for the current tax year.