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Nonprofiteer
← IPS ENTERPRISES INC

Form 990 for tax year 2024

Filed by IPS ENTERPRISES INC.

Totals

Total revenue
$114,700,827
Total expenses
$109,381,739
Contributions and grants received
$21,903,188
Grants paid
$19,466,950
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$102,535,262
Management and general expenses
$6,834,027
Fundraising expenses
$12,450
Program service expenses (Part III)
$102,535,262

Program services were 93.7% 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
    1 + 2.5 related

  • Anthony Ryan Vaughan

    Secretary

    Total calculated
    $0
    Hours/week
    2.5

  • Marcia Aaron

    Member

    Total calculated
    $0
    Hours/week
    1

  • 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

  • Jeffrey Cottrill

    Superintendent & CEO

    Total calculated
    $401,654
    From this org
    $0
    From related orgs
    $398,926
    Other
    $2,728
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,045 related
    Bonus
    $0 + $49,481 related
    Other
    $0 + $11,400 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $2,728 related
    Filer's total
    $0 + $401,654 related

  • Kathleen Zimmermann

    Chief Financial Officer

    Total calculated
    $240,136
    From this org
    $0
    From related orgs
    $196,141
    Other
    $43,995
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,941 related
    Bonus
    $0 + $10,200 related
    Other
    $0
    Deferred
    $0 + $41,951 related
    Nontaxable benefits
    $0 + $2,044 related
    Filer's total
    $0 + $240,136 related

  • Adam Miller

    National Executive Director of IPS

    Total calculated
    $92,868
    From this org
    $81,504
    From related orgs
    $0
    Other
    $11,364
    Hours/week
    40

  • Layne Fisher

    Chief Operating Officer

    Total calculated
    $361,729
    From this org
    $0
    From related orgs
    $315,729
    Other
    $46,000
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,041 related
    Bonus
    $0 + $68,688 related
    Other
    $0
    Deferred
    $0 + $46,000 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $361,729 related

  • James Hartman

    Executive Dir. - Tampa Bay, FL

    Total calculated
    $220,551
    From this org
    $198,359
    From related orgs
    $0
    Other
    $22,192
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $186,159
    Bonus
    $12,200
    Other
    $0
    Deferred
    $7,942
    Nontaxable benefits
    $14,250
    Filer's total
    $220,551

  • Simaran Bakshi

    Executive Dir. - Jacksonville, FL

    Total calculated
    $221,212
    From this org
    $200,986
    From related orgs
    $0
    Other
    $20,226
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $176,006
    Bonus
    $22,430
    Other
    $2,550
    Deferred
    $8,226
    Nontaxable benefits
    $12,000
    Filer's total
    $221,212

  • Clifford Wallace

    Executive Dir. - Louisiana

    Total calculated
    $184,025
    From this org
    $173,180
    From related orgs
    $0
    Other
    $10,845
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $173,180
    Bonus
    $0
    Other
    $0
    Deferred
    $6,970
    Nontaxable benefits
    $3,875
    Filer's total
    $184,025

  • Matthew Robinson

    Executive Dir. - Greater Cincinnati

    Total calculated
    $181,810
    From this org
    $174,370
    From related orgs
    $0
    Other
    $7,440
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $155,320
    Bonus
    $19,050
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,440
    Filer's total
    $181,810

  • Debra Schoeninger

    Sr. Regional Dir. - Special Programs

    Total calculated
    $131,104
    From this org
    $118,846
    From related orgs
    $0
    Other
    $12,258
    Hours/week
    0 + 40 related

  • Jamelle Goodwin

    Regional VP of Schools - Florida

    Total calculated
    $156,016
    From this org
    $140,164
    From related orgs
    $0
    Other
    $15,852
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $131,679
    Bonus
    $8,485
    Other
    $0
    Deferred
    $5,652
    Nontaxable benefits
    $10,200
    Filer's total
    $156,016

  • Janine Valentin

    Regional Director of Ops - Florida

    Total calculated
    $149,178
    From this org
    $136,235
    From related orgs
    $0
    Other
    $12,943
    Hours/week
    0 + 40 related

  • Lauren Shockley

    Principal - Greater Cincinnati

    Total calculated
    $146,736
    From this org
    $139,296
    From related orgs
    $0
    Other
    $7,440
    Hours/week
    0 + 40 related

  • Katrice Terrance

    VP of Organizational Mgmt -Louisiana

    Total calculated
    $138,117
    From this org
    $132,780
    From related orgs
    $0
    Other
    $5,337
    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, 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

  • 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • IPS Cincinnati LLC

    Support services · TX · income $1,900,279 · assets $28,697,026

    Directly controlled by IPS Enterprises Inc

  • IPS Florida LLC

    Support services · TX · income $2,416,294 · assets $35,183,298

    Directly controlled by IPS Enterprises Inc

  • IPS Innovation LLC

    Support services · TX · income $1,642,477 · assets $15,803,770

    Directly controlled by IPS Enterprises Inc

Provenance

Return type
form_990
Tax year
2024
Filed
4 May 2026
IRS schema version
2024v5.5
Source object
202621249349301142

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

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