Idea Greater Cincinnati Inc
- Assets
- $28.5m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- Data as of
- 06/2022
- EIN
- 85-3616675
Organization Overview
Idea Greater Cincinnati Inc is located in Cincinnati, OH. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Idea Greater Cincinnati Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IDEA GREATER CINCINNATI PROVIDES TUITION-FREE EDUCATION TO COLLEGE-BOUND STUDENTS IN OHIO.
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 GREATER CINCINNATI OPENED TWO CAMPUSES FOR THE 2022-2023 ACADEMIC YEAR, SERVING APPROXIMATELY 500 STUDENTS IN GRADES K-2 & 6-7. THE SCHOOLS WILL GROW TO SERVE GRADES K-12 WHEN FULLY SCALED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marquicia Jones-Woods Director | Trustee | 1 | $0 |
Jorge Perez Director | Trustee | 1 | $0 |
Dwight Young Director | Trustee | 1 | $0 |
Matthew Kyle Executive Director | Officer | 40 | $0 |
Amanda Bush Assistant Principal | 40 | $0 | |
Martinez Wilson Regional Director Of Operations | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $6,330,354 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,062 |
| Noncash contributions included in lines 1a–1f | $8,354 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,331,416 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $7,506 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,338,922 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $341,884 |
| Compensation of current officers, directors, key employees. | $11,321 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,979,809 |
| Pension plan accruals and contributions | $86,181 |
| Other employee benefits | $534,614 |
| Payroll taxes | $186,061 |
| Fees for services: Management | $1,318,566 |
| Fees for services: Legal | $41,541 |
| Fees for services: Accounting | $28,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $492,541 |
| Advertising and promotion | $389,227 |
| Office expenses | $176,046 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $168,355 |
| Travel | $326,395 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,506 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,531 |
| Insurance | $15,256 |
| All other expenses | $0 |
| Total functional expenses | $6,261,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $17,239,859 |
| Pledges and grants receivable | $16,378 |
| Accounts receivable, net | $12,675 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,207,164 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,476,576 |
| Accounts payable and accrued expenses | $775,152 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $27,565,180 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $58,687 |
| Total liabilities | $28,399,019 |
| Net assets without donor restrictions | -$8,531 |
| Net assets with donor restrictions | $86,088 |
| 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 | $28,476,576 |