Idea Florida Inc
90% goes to programs $0 to raise $100 Growing revenue
Idea Florida Inc is a 501(c)(3) organization based in Weslaco, Texas, registered in 2020, with $74,347,081 in FY2023 revenue. CharityIndex grades it B, and it directs about 90% of spending to programs.
2115 W Pike Blvd, Weslaco, TX, 78596 EIN 84-3519271 Since 2020
Revenue (FY2023)
$74.3M
▲ 43.6% vs prior year
Education median: $200K
Expenses (FY2023)
$64.8M
Net assets
$10.0M
Employees
10
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
C+Program efficiency40% of the rating90% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Idea Florida Inc: 90% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · +13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Idea Florida Inc: 2 mo reserves · +13% margin earns a B on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Idea Florida Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Idea Florida Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Idea florida provides tuition-free education to college bound students in florida.
Contact & location
- Address
- 2115 W Pike Blvd, Weslaco, TX, 78596
- City
- Weslaco
- State
- Texas
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.1M (FY2019) to $74.3M (FY2023) across 5 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $153.8MNet assets $10.0M
Operating margin
12.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$163.8M
Total liabilities
$153.8M
Net assets
$10.0M
Salaries & benefits
$1.2M
2% of expenses
Board members
4
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $74,347,081▲43.6% | $64,773,469▲25.8% | $9,955,453▲2507% | $163,773,698▲328% | 990 |
| 2022 | $51,759,566▲81.3% | $51,493,720▲74.7% | $381,841▲229% | $38,237,857▲257% | 990 |
| 2021 | $28,549,811▲220% | $29,470,141▲239% | $115,995▼49.4% | $10,711,541▲65.5% | 990 |
| 2020 | $8,920,816▲723% | $8,690,437▲738% | $229,429▲24250% | $6,472,132▲145% | 990 |
| 2019 | $1,084,423 | $1,037,578 | -$950 | $2,638,996 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Curtis Lawrence — $136,278 (0.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Curtis Lawrence | Principal | 40 | $136,278 |
| Latoya Mcghee | Principal | 40 | $118,452 |
| Katoya Mccaskill | Principal | 40 | $112,208 |
| Latoya Spann | Principal | 40 | $108,739 |
| Christina Barker | Chair | 6 | — |
| Gary Chartrand | Director | 6 | — |
| James Hartman | Executive Di | 40 | — |
| Janine Valentin | Managing Dir | 40 | — |
| Nick Rhodes | Director | 6 | — |
| Renee Baker | Treasurer | 6 | — |
| Simaran Bakshi | Executive Di | 40 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Ips Enterprises Inc | Management Serv | $31,486,076 |
| Charter Asset Management Fund LLP | Management Serv | $4,033,818 |
| Us Foods Inc | School Food | $1,371,267 |
| Workspace Interiors | Interior Repair | $1,099,353 |
| Amplify Education | Educational | $843,695 |
Grants received · $56.6M total
5 grants to Idea Florida Inc totaling $56.6M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Givewell Community Foundation Inc | Education k-12 | 2024 | $750,000 |
| Ips Enterprises Inc | Expansion, student recruitment, and general support | 2023 | $30,888,386 |
| State Chartered Credit Unions In Florida | Program support | 2023 | $26,298 |
| Ips Enterprises Inc | Expansion, student recruitment, and general support | 2022 | $24,875,482 |
| The Community Foundation For Northeast Florida Inc | For the community engagement events | 2021 | $20,000 |
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Compare Idea Florida Inc
Frequently asked questions
- Is Idea Florida Inc a legitimate nonprofit?
- Yes. Idea Florida Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 84-3519271, based in Weslaco, Texas. Donations are tax-deductible.
- What is Idea Florida Inc's EIN?
- Idea Florida Inc's Employer Identification Number (EIN) is 84-3519271.
- How much revenue does Idea Florida Inc report?
- Idea Florida Inc reported $74,347,081 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Idea Florida Inc's spending goes to programs?
- Idea Florida Inc spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Idea Florida Inc have?
- CharityIndex grades Idea Florida Inc B, based on program efficiency and fundraising cost.
- How much does Idea Florida Inc's highest-paid employee make?
- The highest reported compensation on Idea Florida Inc's latest Form 990 is $136,278, paid to Curtis Lawrence (Principal).
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Data for Idea Florida Inc (EIN 84-3519271) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.