Ips Enterprises Inc
85% goes to programs $0 to raise $100 Thin reserves Growing revenue
Ips Enterprises Inc is a 501(c)(3) organization based in Weslaco, Texas, registered in 2022, with $119,741,440 in FY2023 revenue. CharityIndex grades it C+, and it directs about 85% of spending to programs.
2115 W Pike Blvd, Weslaco, TX, 78596 EIN 84-4633153 Since 2022
Revenue (FY2023)
$119.7M
▲ 11.8% vs prior year
Education median: $200K
Expenses (FY2023)
$113.7M
Net assets
-$245K
Employees
1,474
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating85% 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 Ips Enterprises Inc: 85% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · +5% 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 Ips Enterprises Inc: 0 mo reserves · +5% margin earns a D on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 Ips Enterprises Inc: 6 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 Ips Enterprises Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Ips enterprises provides public charter school management services to idea managed organizations.
Contact & location
- Address
- 2115 W Pike Blvd, Weslaco, TX, 78596
- City
- Weslaco
- State
- Texas
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $30.0M (FY2020) to $119.7M (FY2023) across 4 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $318.8MNet assets -$245K
Operating margin
5.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$318.6M
Total liabilities
$318.8M
Net assets
-$245K
Salaries & benefits
$59.1M
52% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $119,741,440▲11.8% | $113,695,321▲7.7% | -$245,140▼106% | $318,579,025▲11.0% | 990 |
| 2022 | $107,105,387▲35.4% | $105,570,702▲42.2% | $4,005,524▲62.1% | $286,946,593▲41.5% | 990 |
| 2021 | $79,131,900▲164% | $74,266,439▲151% | $2,470,839▲203% | $202,811,414▲83.5% | 990 |
| 2020 | $29,976,816 | $29,633,875 | -$2,394,622 | $110,511,128 | 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: James Hartman — $175,516 (0.15% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| James Hartman | Executive Dir. - Tampa Bay, Fl | 0 | $175,516 |
| Simaran Bakshi | Executive Dir. - Jacksonville, Fl | 0 | $174,101 |
| Clifford Wallace | Executive Dir. - Louisiana | 0 | $152,613 |
| Janine Valentin | Managing Director of Ops - Florida | 0 | $126,273 |
| Dhiyaa-ud-deen Abdullah | Principal - Louisiana | 0 | $121,127 |
| Matthew Robinson | Executive Dir. - Greater Cincinnati | 0 | $119,886 |
| Katrice Terrance | Regional Director of Ops - Louisiana | 0 | $118,157 |
| Jamelle Goodwin | Regional Vp of Schools - Florida | 0 | $114,532 |
| Anthony Ryan Vaughan | Secretary | 1 | — |
| Collin Sewell | Chair | 2.5 | — |
| Dr Nanette Cocero | Member | 1 | — |
| Ed Rivera | Vice-chair | 2.5 | — |
| Erich Holmsten | Treasurer | 2.5 | — |
| Gary Lindgren | Member | 1 | — |
| Jeffrey Cottrill | Superintendent & Ceo | 5 | — |
| Kathleen Zimmermann | Chief Financial Officer (from 3/24) | 5 | — |
| Layne Fisher | Chief Operating Officer | 5 | — |
| Leanne Hernandez | Chief Financial Officer (to 11/23) | 5 | — |
| Michael Adams | Member | 1 | — |
| Reba Cardenas Mcnair | Member | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Park & Eleazer Construction LLC | Construction | $4,781,718 |
| Turner Construction Company | Construction | $1,379,011 |
| Certified G Contrs | Construction | $870,000 |
| William Scottsman | Construction | $860,549 |
| Project Mgmt Services Inc | Construction | $432,352 |
Grants made · $31.2M in FY2023
2 grants totaling $31.2M in FY2023. All grants made by Ips Enterprises Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Idea Florida Inc | Expansion, student recruitment, and general support | $30,888,386 |
| Idea Greater Cincinnati Inc | Expansion, student recruitment, and general support | $286,552 |
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Compare Ips Enterprises Inc
Frequently asked questions
- Is Ips Enterprises Inc a legitimate nonprofit?
- Yes. Ips Enterprises Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 84-4633153, based in Weslaco, Texas. Donations are tax-deductible.
- What is Ips Enterprises Inc's EIN?
- Ips Enterprises Inc's Employer Identification Number (EIN) is 84-4633153.
- How much revenue does Ips Enterprises Inc report?
- Ips Enterprises Inc reported $119,741,440 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Ips Enterprises Inc's spending goes to programs?
- Ips Enterprises Inc spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Ips Enterprises Inc have?
- CharityIndex grades Ips Enterprises Inc C+, based on program efficiency and fundraising cost.
- How much does Ips Enterprises Inc's highest-paid employee make?
- The highest reported compensation on Ips Enterprises Inc's latest Form 990 is $175,516, paid to James Hartman (Executive Dir. - Tampa Bay, Fl).
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Data for Ips Enterprises Inc (EIN 84-4633153) 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.