Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
21 people listed on the 990; $1.1M paid to officers and key staff.
Simaran Bakshi’s $201K as Executive Dir. - Jacksonville, FL is at the 5th percentile of top reported officer pay among 674 $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 · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Thomas E Torkelson | — | — | — | — | $375,921 |
| Julene Robinson | — | — | — | $238,776 | $216,253 |
| Matthew Kyle | — | — | $198,615 | $237,682 | $136,945 |
| Adam Miller | $81,504 | — | $188,339 | $221,991 | $188,771 |
| Kenneth Campbell | — | — | — | $207,735 | $186,023 |
| Simaran Bakshi | $200,986 | $174,101 | $162,665 | $167,337 | — |
| James Hartman | $198,359 | $175,516 | — | — | — |
| Matthew Robinson | $174,370 | $119,886 | — | — | — |
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.
See Ips Enterprises INC executive salaries →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 15aYes
Programs and updates
Manages public charter schools by providing administrative and operational support services to IDEA Public Schools.
Questions for Ips Enterprises INC
Your first name shows with your question. Ips Enterprises INC answers here, for everyone.
See Schedule O
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $24.7M | $59.1M |
| Land, buildings, equipmentLn 10c | $229.8M | $240.0M |
| Total assetsLn 16 | $286.9M | $318.6M |
| LiabilitiesLn 26 | $282.9M | $318.8M |
| Net assetsLn 32 | $4.0M | −$245K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $31.2M | $31.2M | ||
| Pay of current officers, directors and key staffLn 5 | $572K | $545K | $27K | $184 |
| Other salaries and wagesLn 7 | $48.9M | $46.7M | $2.2M | $15K |
| Pension plan contributionsLn 8 | $886K | $842K | $44K | |
| Other employee benefitsLn 9 | $5.3M | $5.0M | $359K | $2K |
| Payroll taxesLn 10 | $3.3M | $3.2M | $119K | $2K |
| Management feesLn 11a | $3.6M | $1.5M | $2.1M | $51K |
| Legal feesLn 11b | $180K | $180K | ||
| Accounting feesLn 11c | $38K | $38K | ||
| Other fees for servicesLn 11g | $466K | $104K | $362K | |
| Advertising and promotionLn 12 | $105K | $785 | $104K | |
| Office expensesLn 13 | $142K | $142K | ||
| OccupancyLn 16 | $41K | $20K | $21K | |
| TravelLn 17 | $16K | $16K | ||
| InterestLn 20 | $13.5M | $2.9M | $10.6M | |
| Depreciation, depletion and amortizationLn 22 | $5.2M | $4.8M | $400K | |
| InsuranceLn 23 | $132K | $132K | ||
| Total functional expensesLn 25 | $113.7M | $96.7M | $16.9M | $70K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS May 4, 2026 | $114.7M | $109.4M | $5.3M | $5.1M | 990 PDF |
| FY2024 ViewingFiled with the IRS May 15, 2025 | $119.7M | $113.7M | $6.0M | −$245K | 990 PDF |
| FY2023Filed with the IRS May 1, 2024 | $107.1M | $105.6M | $1.5M | $4.0M | 990 PDF |
| FY2022Filed with the IRS May 12, 2023 | $79.1M | $74.3M | $4.9M | $2.5M | 990 PDF |
| FY2021Filed with the IRS May 16, 2022 | $30.0M | $29.6M | $343K | −$2.4M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $119,741,440 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, no flags
Part VIII · Statement of revenue $119,741,440 across 6 lines filed
Part IX · Statement of functional expenses $113,695,321 across 17 lines filed
Part X · Balance sheet $318,579,025 assets, 18 lines filed
Part XI · Reconciliation of net assets −$245,140 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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