Ips Enterprises Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
IPS Enterprises provides grades K-12 public charter school management services to IDEA managed organizations. IPS supports these organizations by providing expertise and personnel and by owning and leasing school buildings and equipment.
- Income
- $114.7 million
- Spending
- $109.4 million
- Spent on programs
- 94%
- Reserves
- -25.1 months of spending
- Largest source of income
- fees for its services, 80%
- Employees
- 1,464
- Volunteers
- 106
- Highest pay
- $401,654, superintendent & ceo
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 42 out of 100. Higher than 8% of charities in its peer group (education, over $100m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
2 of 20It owes 98% of what it owns.
Living within its means
15 of 15Income exceeded spending by 5% of income.
Income trend
10 of 15Income fell 4% on the year before.
Spending floor
15 of 1594% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 41% of charities in its peer group (education, over $100m).
Independent board
25 of 258 of 8 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $102.5 million spent. IPS Enterprises provides grades K-12 public charter school management services via management services agreements with schools in the IDEA network. Through these services, IPS Enterprises carries out its exempt purposes by developing school models, educational services, and products for the purposes of replicating the IDEA model, facilitating charter school campus development, including designing, financing, and leasing charter school sites, buildings and certain equipment facilitating the attainment of higher education. These activities are properly within the scope of IPS Enterprises' exempt purposes because they are functions that are reasonably and customarily necessary in order for IDEA to operate schools and to expand its network of charter schools both through its own expansion and by working with other educational organizations described in Section 501(c)(3) of the Code. IDEA accomplishes this component of its exempt purposes by and through IPS Enterprises, primarily through various lease and financing arrangements, through Management Services Agreements with the IDEA managed organizations, and through a Shared Services Agreement with IDEA. Pursuant to management arrangements and agreements, IDEA, through IPS Enterprises, makes available its charter school expertise, intellectual property, management and staffing services, charter school buildings, sites, certain equipment and other property and services to the IDEA managed organizations. IDEA Public Schools operates public, tuition-free charter schools in the State of Texas (the "IDEA Schools"). Due to interest in expanding the IDEA curriculum and school concept to states outside of Texas, IDEA formed IDEA Public Schools Louisiana, Inc. (EIN: 81-3194334), IDEA Florida, Inc. (EIN: 84-3519271), and IDEA Greater Cincinnati, Inc. (EIN: 85-3616675). The IDEA Schools, together with the charter schools operated or to be operated by the IDEA managed organizations, are referred to herein collectively as the "Schools." All of the Schools are or will be public, tuition-free charter schools operated pursuant to charter contracts with the relevant charter-issuing authorities (the "Charter Contracts").
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 2022.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.