Overview
What is Ips Enterprises Inc?
Ips Enterprises Inc, led by Collin Sewell, is a nonprofit organization based in Weslaco, Texas. They specialize in managing public charter schools for IDEA-affiliated organizations. Ips Enterprises offers valuable expertise and personnel to these entities, while also owning and leasing their school buildings and equipment. Their mission encompasses the provision of quality education from Pre-K through 12th grade for IDEA-managed organizations.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 79%, Three-Star out of Four Star rating
Ips Enterprises Inc achieved a Three-Star rating from Charity Navigator, indicating a reasonable level of accountability and financial health. The overall score reflects strong performance in the Accountability & Finance category, where it scored 79%. This suggests that the organization is effectively managing its resources and adhering to standards of transparency.
One of the key strengths of Ips Enterprises Inc is its commitment to governance, as evidenced by its fully independent board structure and comprehensive policies covering conflict of interest, whistleblower protection, and document retention. The organization has demonstrated sound financial practices, evidenced by a high program expense ratio of 87.74%, which shows a substantial portion of its budget is directed towards its programs rather than administrative costs.
However, the organization did receive a lower score in the liabilities to assets ratio, indicating potential concerns regarding financial leverage. While this does not overshadow the overall positive assessment of its accountability practices, it is an area that may need attention in future financial planning to ensure sustainability and long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Ips Enterprises Inc legitimate?
Ips Enterprises Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ips Enterprises Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $531,132
Professional Fundraising Fees: $0
Other Salaries and Wages: $45,474,394
For more financial information, click here
What is the mission statement of Ips Enterprises Inc?
IPS Enterprises Inc is dedicated to managing public charter schools for IDEA-affiliated organizations. Their mission encompasses offering expertise, personnel, and crucial infrastructure such as school buildings and equipment to these entities. By providing these essential services, IPS Enterprises enables IDEA managed schools to effectively deliver grades Pre-K through 12 education.
What is the revenue of Ips Enterprises Inc?
Ips Enterprises Inc's revenue in 2023 was $107,105,387.
Who are the executives of Ips Enterprises Inc and what are their salaries?
The average compensation at Ips Enterprises Inc during 2023 was $30,732. There are 1497 employees and 10 volunteers at Ips Enterprises Inc.
Here are 21 key members and their salaries:
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- Other: $41,000
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- Related: $201,170
- Other: $5,846
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- Compensation: $162,665
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- Other: $14,725
- Compensation: $115,551
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- Other: $9,538
- Compensation: $115,057
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- Other: $9,712
- Compensation: $112,909
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- Other: $11,664
- Compensation: $107,575
- Related: $0
- Other: $9,335
- Compensation: $146,781
- Related: $0
- Other: $10,552
Where can I find the form 990 for Ips Enterprises Inc?
Ips Enterprises Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ips Enterprises Inc
IPS Enterprises Inc, a leading organization in public charter school management, is dedicated to supporting IDEA managed schools by offering expertise, personnel, and essential resources. By providing these services, IPS ensures the successful operation of grades Pre-K through 12 public charter schools under its management. IPS's mission is to collaborate with IDEA-affiliated organizations, contributing vital personnel and knowledge, while also assuming ownership and leasing of school buildings and necessary equipment. This comprehensive approach enables IDEA managed schools to focus on academic excellence and student achievement. Collin Sewell leads IPS Enterprises, bringing a wealth of experience and commitment to the organization's mission.
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Impact
October, 2024
Ips Enterprises Inc plays a significant role in the educational landscape by providing essential management services to public charter schools under the IDEA umbrella. By offering expertise and personnel, it enhances the operational efficiency of these educational organizations, ensuring that they can focus on delivering quality education to students from Pre-K through 12th grade. In addition to management support, Ips Enterprises also owns and leases school buildings and equipment, which facilitates a stable and well-resourced learning environment. Based in Weslaco, Texas, and led by Collin Sewell, Ips Enterprises Inc is dedicated to fostering academic success and improving educational access in the communities it serves.
This information is meant to be a general summary of Ips Enterprises Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $215,874
- Program Service Revenue: $74,958,205
- Gross Receipts: $107,530,075
Assets and Liabilities:
- Total Assets: $202,811,414
- Total Liabilities: $200,340,575
- Net Assets: $2,470,839
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Management fees
Revenue
$60,146,708
Auxiliary services
Revenue
$14,811,497
Organization Details
Founding Year
2019
Principal Officer
Jeffrey Cottrill
NTEE Category
Code: B19 - Education
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