Idea Florida prepares students from underserved communities to be successful college students and responsible citizens by providing educational services to students. Idea Florida serves students in grades k-9 and will grow to serve grades k-12 when fully scaled.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $2.2M a year · 6% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $20.2M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.6M
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
Spent
$1.0M
To programs
0%
Net assets
−$950
By yearFY2020–FY2025
Revenue
$1.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$8.9M
FY2022$28.5M
FY2023$51.8M
FY2024$74.3M
FY2025$77.2M
Expenses
$1.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$8.7M
FY2022$29.5M
FY2023$51.5M
FY2024$64.8M
FY2025$72.9M
Net assets
−$950
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$950
FY2021$229K
FY2022$116K
FY2023$382K
FY2024$10.0M
FY2025$14.2M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 78% · $810K Fundraising 22% · $227K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Latoya McGhee’s $153K as Principal is at the 17th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023
Latoya McGhee$152,749$118,452$116,133
Curtis Lawrence$148,617$136,278—
Eva Cerda$134,904——
Katoya McCaskill$116,727$112,208—
Jamaul Thomas——$113,486
Patricia Jackson$111,338——
Latoya Spann—$108,739—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Prepares underserved students for college and citizenship through K-12 educational services.

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Provided by the organization

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$20.2M

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.1M
Other incomeLn 4–11$5K
Money outPt IX
$1.0M
Ln 25
Managementcol C$810K
Fundraisingcol D$227K
Owns and owesPt X
−$950
net assets · Ln 32
Cash and savingsLn 1–2$10K
Total assetsLn 16$2.6M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$1.1M
Other incomeLn 4–11$5K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$10K
Cash and savings togetherLn 1–2$10K
Other assetsLn 15$162K
Total assetsLn 16$2.6M
LiabilitiesLn 26$2.6M
Net assetsLn 32−$950
OperationsPt I, VI
EmployeesI 510
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$10K
Total assetsLn 16$100K$2.6M
LiabilitiesLn 26$148K$2.6M
Net assetsLn 32−$48K−$950
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$130K$130K
Other fees for servicesLn 11g$837K$615K$222K
OccupancyLn 16$23K$23K
TravelLn 17$48K$42K$6K
Total functional expensesLn 25$1.0M$0$810K$227K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $77.2M$72.9M$4.3M$14.2M 990 PDF
FY2024 $74.3M$64.8M$9.6M$10.0M 990 PDF
FY2023 $51.8M$51.5M$266K$382K 990 PDF
FY2022 $28.5M$29.5M−$920K$116K 990 PDF
FY2021 $8.9M$8.7M$230K$229K 990 PDF
FY2020 Viewing $1.1M$1.0M$47K−$950 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,084,423 revenue, 12 lines filed
I-8 Contributions and grants$1,079,786
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$4,637
I-12 Total revenue$1,084,423
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$1,037,578
I-18 Total expenses$1,037,578
I-19 Revenue less expenses$46,845
Part VI · Governance 2 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,084,423 across 4 lines filed
VIII-1e Government grants$1,079,786
VIII-1h Total contributions, gifts and grants$1,079,786
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $4,637$4,637
VIII-12 Total revenueExcluded from tax $4,637$1,084,423
Part IX · Statement of functional expenses $1,037,578 across 4 lines filed
IX-11b Legal feesManagement $129,840$129,840
IX-11g Other fees for servicesManagement $615,445 · Fundraising $221,698$837,143
IX-16 OccupancyManagement $22,876$22,876
IX-17 TravelManagement $41,929 · Fundraising $5,790$47,719
IX-25 Total functional expensesPrograms $0 · Management $810,090 · Fundraising $227,488$1,037,578
Part X · Balance sheet $2,638,996 assets, 10 lines filed
X-1 Cash, non-interest-bearing$9,746
X-4 Accounts receivableStart of year $100,000$2,467,250
X-15 Other assets$162,000
X-16 Total assetsStart of year $100,000$2,638,996
X-19 Deferred revenue$2,520,214
X-25 Other liabilities$119,732
X-26 Total liabilitiesStart of year $147,795$2,639,946
X-27 Net assets without donor restrictionsStart of year −$47,795−$950
X-32 Total net assets or fund balancesStart of year −$47,795−$950
X-33 Total liabilities and net assetsStart of year $100,000$2,638,996
Part XI · Reconciliation of net assets −$950 net assets at year end
XI-1 Total revenue$1,084,423
XI-2 Total expenses$1,037,578
XI-3 Revenue less expenses$46,845
XI-4 Net assets at start of year−$47,795
XI-10 Net assets at end of year−$950

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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