Idea Public Schools
- Assets
- $1.9b
- Revenue
- $951.1m
- Investments
- $0.0
- Employees
- 11,505
- Location
- Weslaco, TX
- Founding
- 06/2000
- Data as of
- 06/2022
- EIN
- 74-2948339
Organization Overview
Idea Public Schools is located in Weslaco, TX. The organization was established in 2000. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Idea Public Schools employed 11,505 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Idea Public Schools is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Idea Public Schools generated $951.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $915.6m during the year ending 06/2022. While expenses have increased by 20.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Idea Public Schools has awarded 13 individual grants totaling $564,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IDEA PUBLIC SCHOOLS PROVIDES TUITION-FREE EDUCATION TO COLLEGE-BOUND STUDENTS IN TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OIDEA PUBLIC SCHOOLS BELIEVES EACH AND EVERY CHILD CAN GO TO COLLEGE. SINCE 2000, IDEA PUBLIC SCHOOLS HAS GROWN FROM A SMALL SCHOOL WITH 150 STUDENTS TO A NATIONAL NETWORK OF TUITION-FREE K-12 PUBLIC CHARTER SCHOOLS IN THE UNITED STATES. THE NETWORK CURRENTLY SERVES OVER 70,000 COLLEGE-BOUND STUDENTS IN 133 SCHOOLS. THROUGH SMALL LEARNING GROUPS AND DAILY ACCESS TO TECHNOLOGY, EVERY STUDENT LEARNS AT THE LEVEL AND SPEED JUST RIGHT FOR THEM. TEACHERS BRING SUBJECT MATTER EXPERTISE AND AN UNWAVERING COMMITMENT TO SET EACH STUDENT ON A PATH TO SUCCESS. PARENTS, TEACHERS, AND ADMINISTRATORS WORK AS A TEAM TO HELP EACH STUDENT REACH THEIR FULL POTENTIAL.IDEA PUBLIC SCHOOLS IS A GROWING NETWORK OF TUITION-FREE PUBLIC CHARTER SCHOOLS SERVING GRADES PRE-KINDERGARTEN THROUGH 12. IDEA PUBLIC SCHOOLS SERVES MORE THAN 67,000 STUDENTS IN 123 SCHOOLS THROUGHOUT THE RIO GRANDE VALLEY, AUSTIN, SAN ANTONIO, EL PASO, MIDLAND, TARRANT COUNTY AND HOUSTON REGIONS. IDEA IS COMMITTED TO "COLLEGE FOR ALL CHILDREN AND HAS DEMONSTRATED THIS BY ENSURING A NEARLY 100% ACCEPTANCE RATE OF ITS GRADUATES TO HIGHER EDUCATION INSTITUTION OF THEIR CHOICE. IDEA PUBLIC SCHOOLS RECEIVED A STATE ACCOUNTABILITY RATING OF "B" IN THE 2021-2022 SCHOOL YEAR FROM THE TEXAS EDUCATION AGENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Collin Sewell Chair | OfficerTrustee | 6 | $0 |
Ed Rivera Treasurer | OfficerTrustee | 6 | $0 |
Anthony Ryan Vaughan Secretary | OfficerTrustee | 3 | $0 |
Michael Adams Board Member | Trustee | 3 | $0 |
David Earl Board Member | Trustee | 3 | $0 |
Xenia Garza Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joeris General Contractors Construction | 6/29/22 | $29,491,671 |
Kencon Constructorsconstruction Manager Construction | 6/29/22 | $20,316,283 |
D Wilson Construction Company Construction | 6/29/22 | $17,351,285 |
Xmedia Group Llc Advertising | 6/29/22 | $13,951,197 |
Gerlach Builders Construction | 6/29/22 | $16,993,482 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $914,379,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,950,305 |
| Noncash contributions included in lines 1a–1f | $3,013,259 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $934,329,655 |
| Total Program Service Revenue | $16,113,528 |
| Investment income | $497,062 |
| Tax Exempt Bond Proceeds | $75,802 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$37,960 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $951,130,243 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $854,860 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,861,008 |
| Compensation of current officers, directors, key employees. | $302,176 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $509,792,994 |
| Pension plan accruals and contributions | $26,432,435 |
| Other employee benefits | $55,709,609 |
| Payroll taxes | $7,715,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,675,006 |
| Fees for services: Accounting | $163,804 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,187,053 |
| Advertising and promotion | $15,293,827 |
| Office expenses | $43,337,090 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,997,701 |
| Travel | $8,907,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,849,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,279,888 |
| Insurance | $6,361,747 |
| All other expenses | $8,278,504 |
| Total functional expenses | $915,595,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,312,089 |
| Savings and temporary cash investments | $168,371,713 |
| Pledges and grants receivable | $212,595,601 |
| Accounts receivable, net | $3,203,979 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $548,648 |
| Prepaid expenses and deferred charges | $2,871,589 |
| Net Land, buildings, and equipment | $1,233,609,053 |
| Investments—publicly traded securities | $39,344,772 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $20,143,397 |
| Other assets | $5,346,647 |
| Total assets | $1,872,347,488 |
| Accounts payable and accrued expenses | $140,313,562 |
| Grants payable | $0 |
| Deferred revenue | $4,949,822 |
| Tax-exempt bond liabilities | $1,234,168,073 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $110,677,294 |
| Unsecured mortgages and notes payable | $1,013,534 |
| Other liabilities | $21,118,046 |
| Total liabilities | $1,512,240,331 |
| Net assets without donor restrictions | $1,225,999 |
| Net assets with donor restrictions | $358,881,158 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,872,347,488 |
Grants Awarded
Over the last fiscal year, Idea Public Schools has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DISTRICT CHARTER ALLIANCE PURPOSE: Educational support | $10,000 |
CHARRO DAYS INC PURPOSE: Educational support | $10,000 |