IOTA Community Schools
IOTA Community Schools reported $38.5 million in revenue and $35.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $84.01 went to program services, $15.99 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 87.3% of the total. Government grants made up 86.2%. The highest compensation it reported for one person was $240,449 (Executive Director). 7 people received more than $100,000 in reportable compensation. Revenue rose 44% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $36MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $39M- Contributions & grants (non-government)$1.12 $443K
- Government grants$83.76 $33M
- Program service revenue$15.12 $6.0M
Investment income was negative: −$1.1M. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 87.3% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 86.2% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 15.6% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $240,449 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.68% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 7 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 7.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 5 of 5 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseIOTA Community Schools is a network of public charter schools serving students and families across the Mid-South. The organization operates Title I middle and high schools focused on preparing historically underserved students for college, career, and long-term economic success through rigorous academics, character development, and personalized student support.During the 2024 - 2025 academic year, IOTA continued its commitment to providing high-quality educational opportunities in communities with significant economic and educational barriers.(Continued on Schedule O)IOTA's academic model…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Executive Director Officer, 40.00 hrs/week | $192,105 | $0 | $48,344 | $240,449 |
| Chief Financial Officer Officer, 40.00 hrs/week | $153,122 | $0 | $52,103 | $205,225 |
| Chief of Schools (Left Mid-Year) Highest compensated employee, 40.00 hrs/week | $145,476 | $0 | $20,382 | $165,858 |
| Chief Academic Officer Highest compensated employee, 40.00 hrs/week | $139,968 | $0 | $24,655 | $164,623 |
| Chief Operations Officer Highest compensated employee, 40.00 hrs/week | $113,478 | $0 | $22,656 | $136,134 |
| Principal Highest compensated employee, 40.00 hrs/week | $109,051 | $0 | $21,456 | $130,507 |
| Principal Highest compensated employee, 40.00 hrs/week | $115,420 | $0 | $13,981 | $129,401 |
7 people received more than $100,000 in reportable compensation from IOTA Community Schools (Part VII, line 2). Compensation of current officers, directors and key employees totaled $437K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b5 · 5 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5334
- Volunteers Part I, line 640
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Executive Force Security LLC Security Services | $404,335 |
| BluSky Restoration Contractors LLC Construction/Restoration Services | $297,446 |
| ABC Charter Services LLC Charter Transportation Services | $136,161 |
| Edpact LLC Payroll Processing Services | $134,000 |
| Integrity Mechanical Solutions LLC Mechanical Maintenance & Repair services | $107,710 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to IOTA Community Schools totaling $30 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from IOTA Community Schools's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for IOTA Community Schools, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 IOTA Community Schools spent in FY2025, $84.01 went to programs. The full breakdown, from its IRS Form 990:
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- St Luke's FoundationNew Canaan, CT · revenue $39M · programs 67.9% · FY2025
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- Charles E Smith Jewish Day School of Greater WashingtonRockville, MD · revenue $38M · programs 84.5% · FY2025
Questions people ask
How much of IOTA Community Schools's spending goes to programs?
In the fiscal year ending June 30, 2025, IOTA Community Schools reported that 84.0% of its $35.5 million in expenses went to program services, 16.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does IOTA Community Schools pay its top executive?
The largest total compensation IOTA Community Schools reported for one person in the fiscal year ending June 30, 2025 was $240,449, for the role of Executive Director (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does IOTA Community Schools get its money?
Of $38.5 million in revenue in the fiscal year ending June 30, 2025, 87.3% came from contributions and grants (including 86.2% from government grants) and 15.6% from program service revenue (Form 990, Part VIII).
Is IOTA Community Schools a registered charity?
The IRS lists EIN 47-0970499 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631339349306833 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501359349315760 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431369349310128 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311329349302171 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221249349302527 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202100289349301010 · read the filing
All filings for EIN 47-0970499: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.