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Nonprofiteer
← IDEA FLORIDA INC

Form 990 for tax year 2023

Filed by IDEA FLORIDA INC.

Totals

Total revenue
$74,347,081
Total expenses
$64,773,469
Contributions and grants received
$74,030,847
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$316,234
Total assets, end of year
$163,773,698
Total liabilities, end of year
$153,818,245
Net assets or fund balances, end of year
$9,955,453
Program services expenses (Part IX)
$58,579,418
Management and general expenses
$6,194,051
Fundraising expenses
$0
Program service expenses (Part III)
$58,579,418

Program services were 90.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $30,888,387

  • 1e · Government grants (contributions)

    $42,113,691

  • 1f · All other contributions, gifts and grants

    $1,028,769

  • 11a · Other revenue: OTHER INCOME

    total $316,234 · related or exempt $316,234

  • 11e · Other revenue, total

    $316,234

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $999,618 · program services $999,618

  • 8 · Pension plan contributions

    total $38,997 · program services $38,997

  • 9 · Other employee benefits

    total $80,935 · program services $78,872 · management and general $2,063

  • 10 · Payroll taxes

    total $61,901 · program services $61,901

  • 11b · Fees: legal

    total $207,578 · program services $110,549 · management and general $97,029

  • 11g · Fees: other

    total $38,854,818 · program services $33,841,279 · management and general $5,013,539

  • 13 · Office expenses

    total $3,853,637 · program services $3,627,374 · management and general $226,263

  • 14 · Information technology

    total $38,949 · management and general $38,949

  • 16 · Occupancy

    total $14,512,105 · program services $14,457,982 · management and general $54,123

  • 17 · Travel

    total $444,126 · program services $323,793 · management and general $120,333

  • 20 · Interest

    total $504,710 · management and general $504,710

  • 22 · Depreciation, depletion and amortization

    total $833,451 · program services $813,403 · management and general $20,048

  • 23 · Insurance

    total $1,792,480 · program services $1,792,480

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $2,213,184 · program services $2,151,450 · management and general $61,734

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $196,485 · program services $196,485

  • 24c · Other expenses: TELECOMMUNICATIONS

    total $109,904 · program services $64,644 · management and general $45,260

  • 24d · Other expenses: PROFESSIONAL DEVELOPMENT

    total $18,750 · program services $18,750

  • 24e · All other expenses

    total $11,841 · program services $1,841 · management and general $10,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,027,060 · end of year $6,721,447

  • 3 · Pledges and grants receivable

    beginning of year $1,869,655 · end of year $2,340,450

  • 9 · Prepaid expenses and deferred charges

    beginning of year $123,971

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

    $6,049,041

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

    $1,265,849

  • 10c · Land, buildings and equipment, net

    beginning of year $2,887,108 · end of year $4,783,192

  • 15 · Other assets

    beginning of year $24,330,063 · end of year $149,928,609

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,098,307 · end of year $6,892,738

  • 19 · Deferred revenue

    beginning of year $1,960,166 · end of year $933,720

  • 23 · Secured mortgages and notes payable

    beginning of year $638,037

  • 24 · Unsecured notes and loans payable

    beginning of year $9,500,000 · end of year $2,039,082

  • 25 · Other liabilities

    beginning of year $19,659,506 · end of year $143,952,705

  • 27 · Net assets without donor restrictions

    beginning of year -$1,142,813 · end of year $7,703,315

  • 28 · Net assets with donor restrictions

    beginning of year $1,524,654 · end of year $2,252,138

Mission and programs · 2023

Mission

IDEA FLORIDA PREPARES STUDENTS FROM UNDERSERVED COMMUNITIES TO BE SUCCESSFUL COLLEGE STUDENTS AND RESPONSIBLE CITIZENS BY PROVIDING EDUCATIONAL SERVICES TO STUDENTS. IDEA FLORIDA SERVES STUDENTS IN GRADES K-9 AND WILL GROW TO SERVE GRADES K-12 WHEN FULLY SCALED.

Activities or mission (Part I)

IDEA FLORIDA PROVIDES TUITION-FREE EDUCATION TO COLLEGE BOUND STUDENTS IN FLORIDA.

  • IDEA PUBLIC SCHOOLS BELIEVES EACH AND EVERY CHILD CAN GO TO COLLEGE. SINCE 2000, IDEA PUBLIC SCHOOLS HAS GROWN FROM A SMALL SCHOOL WITH 150 STUDENTS TO A NATIONAL NETWORK OF TUITION-FREE K-12 PUBLIC CHARTER SCHOOLS IN THE UNITED STATES. THE NETWORK CURRENTLY SERVES OVER 80,000 COLLEGE-BOUND STUDENTS IN 143 SCHOOLS. THROUGH SMALL LEARNING GROUPS AND DAILY ACCESS TO TECHNOLOGY, EVERY STUDENT LEARNS AT THE LEVEL AND SPEED JUST RIGHT FOR THEM. TEACHERS BRING SUBJECT MATTER EXPERTISE AND AN UNWAVERING COMMITMENT TO SET EACH STUDENT ON A PATH TO SUCCESS. PARENTS, TEACHERS, AND ADMINISTRATORS WORK AS A TEAM TO HELP EACH STUDENT REACH THEIR FULL POTENTIAL. FOR THE 2023-2024 ACADEMIC YEAR, IDEA FLORIDA SERVED 1,689 STUDENTS ACROSS FOUR CAMPUSES IN THE TAMPA BAY AREA. IDEA FLORIDA ALSO OPENED FOUR ADDITIONAL SCHOOLS IN THE JACKSONVILLE AREA, SERVING 1,411 STUDENTS. THE SCHOOLS OPENED WITH GRADES K-9 AND WILL GROW TO SERVE GRADES K-12 WHEN FULLY SCALED.

    Expenses $58,579,418

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James Hartman

    EXECUTIVE DI

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

    Schedule J breakdown matched by us

    Base
    not reported + $175,516 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $7,215 related
    Nontaxable benefits
    not reported + $8,169 related
    Filer's total
    not reported + $190,900 related

  • Simaran Bakshi

    EXECUTIVE DI

    Total calculated
    $189,034
    From this org
    $0
    From related orgs
    $174,101
    Other
    $14,933
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $174,101 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $7,133 related
    Nontaxable benefits
    not reported + $7,800 related
    Filer's total
    not reported + $189,034 related

  • Curtis Lawrence

    PRINCIPAL

    Total calculated
    $151,523
    From this org
    $136,278
    From related orgs
    $0
    Other
    $15,245
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,278
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,945
    Nontaxable benefits
    $9,300
    Filer's total
    $151,523

  • Janine Valentin

    MANAGING DIR

    Total calculated
    $136,208
    From this org
    $0
    From related orgs
    $126,273
    Other
    $9,935
    Hours/week
    40

  • Latoya McGhee

    PRINCIPAL

    Total calculated
    $127,403
    From this org
    $118,452
    From related orgs
    $0
    Other
    $8,951
    Hours/week
    40

  • Katoya McCaskill

    PRINCIPAL

    Total calculated
    $121,547
    From this org
    $112,208
    From related orgs
    $0
    Other
    $9,339
    Hours/week
    40

  • Latoya Spann

    PRINCIPAL

    Total calculated
    $119,746
    From this org
    $108,739
    From related orgs
    $0
    Other
    $11,007
    Hours/week
    40

  • Renee Baker

    TREASURER

    Total calculated
    $0
    Hours/week
    6

  • Christina Barker

    CHAIR

    Total calculated
    $0
    Hours/week
    6

  • Gary Chartrand

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Nick Rhodes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

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, and on a Form 990-PF Part VIII's — 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

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
2023
Filed
1 April 2025
IRS schema version
2023v6.0
Source object
202540919349300349

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

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