Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $184,133

• 1e · Government grants (contributions)

  $1,135,251,596

• 1f · All other contributions, gifts and grants

  $2,519,095

• 1g · Noncash contributions included above

  $1,049,887

• 2a · Program service revenue: Management fees

  total $14,342,891 · related or exempt $14,342,891

• 2b · Program service revenue: Auxiliary services

  total $9,606,238 · related or exempt $9,606,238

• 3 · Investment income

  total $4,210,983 · excluded $4,210,983

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

  total $3,404,667 · excluded $3,404,667

• 7a · Gross sales of assets other than inventory

  securities $16,778,920 · other assets $2,718,561

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

  securities $16,244,242 · other assets $2,359,234

• 7c · Gain or loss

  securities $534,678 · other assets $359,327

• 7d · Net gain or loss

  total $894,005 · excluded $894,005

• 8a · Fundraising events: gross income

  $129,892

• 8a · Fundraising events: contributions included on line 1c

  $184,133

• 8b · Fundraising events: direct expenses

  $71,250

• 8c · Net income from fundraising events

  total $58,642 · excluded $58,642

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $913,075 · program services $913,075

• 5 · Compensation of officers, directors and key employees

  total $4,435,933 · program services $4,225,234 · management and general $198,943 · fundraising $11,756

• 7 · Other salaries and wages

  total $566,367,053 · program services $540,524,927 · management and general $24,281,237 · fundraising $1,560,889

• 8 · Pension plan contributions

  total $35,764,627 · program services $33,036,220 · management and general $2,651,136 · fundraising $77,271

• 9 · Other employee benefits

  total $74,849,566 · program services $71,230,459 · management and general $3,463,134 · fundraising $155,973

• 10 · Payroll taxes

  total $8,398,523 · program services $8,033,865 · management and general $342,402 · fundraising $22,256

• 11b · Fees: legal

  total $1,211,755 · management and general $1,211,755

• 11c · Fees: accounting

  total $224,348 · management and general $224,348

• 11g · Fees: other

  total $33,560,137 · program services $32,376,951 · management and general $1,088,104 · fundraising $95,082

• 12 · Advertising and promotion

  total $6,121,189 · management and general $6,121,189

• 13 · Office expenses

  total $62,283,572 · program services $59,477,344 · management and general $1,042,044 · fundraising $1,764,184

• 16 · Occupancy

  total $41,720,591 · program services $41,668,362 · management and general $52,118 · fundraising $111

• 17 · Travel

  total $12,675,797 · program services $11,541,428 · management and general $821,685 · fundraising $312,684

• 20 · Interest

  total $56,438,706 · program services $54,751,969 · management and general $1,686,737

• 22 · Depreciation, depletion and amortization

  total $46,106,266 · program services $14,747,010 · management and general $31,359,256

• 23 · Insurance

  total $8,347,915 · program services $7,890,630 · management and general $457,285

• 24a · Other expenses: Food services

  total $47,881,490 · program services $47,881,490

• 24b · Other expenses: Instructional services

  total $16,498,628 · program services $16,498,628

• 24c · Other expenses: Textbooks

  total $2,155,615 · program services $2,155,615

• 24d · Other expenses: Reading materials

  total $1,961,684 · program services $1,961,684

• 24e · All other expenses

  total $3,308,870 · program services $2,491,849 · management and general $817,021

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $149,255,884 · end of year $278,897,324

• 2 · Savings and temporary cash investments

  beginning of year $156,118,056 · end of year $196,550,318

• 3 · Pledges and grants receivable

  beginning of year $258,272,614 · end of year $233,908,930

• 4 · Accounts receivable

  beginning of year $267,982 · end of year $808,867

• 8 · Inventories for sale or use

  beginning of year $607,030 · end of year $682,486

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,224,814 · end of year $731,922

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

  $1,626,271,829

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

  $330,855,790

• 10c · Land, buildings and equipment, net

  beginning of year $1,262,661,112 · end of year $1,295,416,039

• 11 · Investments: publicly traded securities

  beginning of year $41,409,250

• 15 · Other assets

  beginning of year $12,347,721 · end of year $2,172,725

• 17 · Accounts payable and accrued expenses

  beginning of year $96,665,233 · end of year $98,750,884

• 19 · Deferred revenue

  beginning of year $4,787,074 · end of year $9,843,292

• 20 · Tax-exempt bond liabilities

  beginning of year $1,203,067,981 · end of year $1,274,348,002

• 23 · Secured mortgages and notes payable

  beginning of year $172,507,940 · end of year $135,195,223

• 24 · Unsecured notes and loans payable

  beginning of year $814,795

• 25 · Other liabilities

  beginning of year $38,685,678 · end of year $21,192,322

• 27 · Net assets without donor restrictions

  beginning of year $3,419,468 · end of year $6,455,695

• 28 · Net assets with donor restrictions

  beginning of year $365,216,294 · end of year $463,383,193

The filer's explanations (Part III)

Part I, Line 7

IDEA Public Schools has a performance and recognition program based on attainment of certain criteria and a commitment to leadership. Payments are contingent on active employment and the financial health of the organization.