IPS Enterprises
IPS Enterprises reported $114.7 million in revenue and $109.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $93.74 went to program services, $6.25 to management and general costs and $0.01 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 80.2% of the total. Government grants made up 17.0%. The highest compensation it reported for one person was $401,654 (Superintendent & CEO). 27 people received more than $100,000 in reportable compensation. Revenue rose 283% between FY2021 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 $109MFor 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 $115MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 93.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.2% | 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 | 19.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 17.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 80.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $401,654 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.37% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 27 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 8 of 8 | 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 expenseHighest 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 |
|---|---|---|---|---|
| Superintendent & CEO Officer, 5.00 hrs/week | $0 | $398,926 | $2,728 | $401,654 |
| Chief Operating Officer Officer, 5.00 hrs/week | $0 | $315,729 | $46,000 | $361,729 |
| Chief Financial Officer Officer, 5.00 hrs/week | $0 | $196,141 | $43,995 | $240,136 |
| Executive Dir. - Jacksonville, FL Key employee, 0.00 hrs/week | $200,986 | $0 | $20,226 | $221,212 |
| Executive Dir. - Tampa Bay, FL Key employee, 0.00 hrs/week | $198,359 | $0 | $22,192 | $220,551 |
| Executive Dir. - Louisiana Key employee, 0.00 hrs/week | $173,180 | $0 | $10,845 | $184,025 |
| Executive Dir. - Greater Cincinnati Key employee, 0.00 hrs/week | $174,370 | $0 | $7,440 | $181,810 |
| Regional VP of Schools - Florida Highest compensated employee, 0.00 hrs/week | $140,164 | $0 | $15,852 | $156,016 |
27 people received more than $100,000 in reportable compensation from IPS Enterprises (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (Part IX, line 5).
5 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–1b8 · 8 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 11aYes
- 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 51,464
- Volunteers Part I, line 6106
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| IDEA Public Schools Support services | $5,474,120 |
| HGR Construction Inc Construction | $4,687,017 |
| Springer Voss Construction Inc Construction | $2,790,952 |
| Turner Construction Company Construction | $568,014 |
| Rowe Architects Inc Construction | $548,806 |
Individuals listed as contractors are left out. 17 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from IPS Enterprises's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for IPS Enterprises, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 IPS Enterprises spent in FY2025, $93.74 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Juniata CollegeHuntingdon, PA · revenue $115M · programs 81.4% · FY2025
- Franklin Academy FoundationPembroke Pines, FL · revenue $115M · programs 92.3% · FY2025
- Cal Poly Pomona FoundationPomona, CA · revenue $115M · programs 82.4% · FY2025
- BjuGreenville, SC · revenue $115M · programs 82.9% · FY2025
- Linfield UniversityMcMinnville, OR · revenue $114M · programs 88.3% · FY2025
Questions people ask
How much of IPS Enterprises's spending goes to programs?
In the fiscal year ending June 30, 2025, IPS Enterprises reported that 93.7% of its $109.4 million in expenses went to program services, 6.2% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does IPS Enterprises pay its top executive?
The largest total compensation IPS Enterprises reported for one person in the fiscal year ending June 30, 2025 was $401,654, for the role of Superintendent & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does IPS Enterprises get its money?
Of $114.7 million in revenue in the fiscal year ending June 30, 2025, 19.1% came from contributions and grants (including 17.0% from government grants) and 80.2% from program service revenue (Form 990, Part VIII).
Is IPS Enterprises a registered charity?
The IRS lists EIN 84-4633153 as a 501(c)(3) organization (supporting organization, type i), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 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 202621249349301142 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521359349309912 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421229349302082 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331329349309083 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241369349315484 · read the filing
All filings for EIN 84-4633153: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.