Nonprofit · EIN 47-0970499
IOTA COMMUNITY SCHOOLS
Tax-exempt · MEMPHIS, TN 38119
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $38,542,248 | $35,525,471 | $3,016,777 | $34,862,828 | $11,923,104 | $22,939,724 |
| June 30, 2024 | 990 | $41,919,351 | $35,676,893 | $6,242,458 | $31,618,475 | $11,333,228 | $20,285,247 |
| June 30, 2023 | 990 | $35,460,678 | $32,111,046 | $3,349,632 | $21,875,204 | $12,277,746 | $9,597,458 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $33,657,193
- of which government grants
- $33,214,435
- Program service revenue
- $5,995,239
- Investment income
- -$1,110,184
- Net gain from sales of assets
- -$1,229,927
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $437,291
- Other salaries and wages
- $13,958,229
- Salaries, compensation and benefits (total)
- $18,206,005
- Professional fundraising fees
- $0
- Occupancy
- $3,595,105
- Depreciation
- $603,853
- Program services (functional)
- $29,845,487
- Management and general (functional)
- $5,679,984
Balance sheet and other
- Total assets, start of year
- $31,618,475
- Total assets, end of year
- $34,862,828
- Total liabilities, end of year
- $11,923,104
- Net assets, end of year
- $22,939,724
- Land, buildings and equipment
- $7,604,703
- Gross receipts
- $39,772,175
- Employees
- 334
- Volunteers
- 40
- Year formed
- 2014
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jocquell Rodgers | Executive Director Officer | 40 | $192,105 | $48,344 |
| Daniel Penaranda | Chief Financial Officer Officer | 40 | $153,122 | $52,103 |
| Marysa Utley | Chief of Schools (Left Mid-Year) Highest-paid employee | 40 | $145,476 | $20,382 |
| Christina Austin | Chief Academic Officer Highest-paid employee | 40 | $139,968 | $24,655 |
| Chad Everett Left Mid-Year | Chief Operations Officer Highest-paid employee | 40 | $113,478 | $22,656 |
| Teddrick Estes | Principal Highest-paid employee | 40 | $109,051 | $21,456 |
| James Johnson | Principal Highest-paid employee | 40 | $115,420 | $13,981 |
| Amertice Allen | Board Chair Trustee or director, Officer | 2 | $0 | $0 |
| Pam Eqwuekwe | Vice Board Chair Trustee or director, Officer | 2 | $0 | $0 |
| Pedro Velasquez | Board Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Tamika Young | Director Trustee or director | 2 | $0 | $0 |
| Larry Neal | Director Trustee or director | 2 | $0 | $0 |
| Terrell Monger | Director (Left Mid-Year) Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jocquell Rodgers | Executive Director Officer | 40 | $140,387 | $33,671 |
| Marysa Utley | Chief of Schools Highest-paid employee | 40 | $138,878 | $24,356 |
| Christina Austin | Chief Academic Officer Highest-paid employee | 40 | $126,200 | $9,552 |
| Jovan Orozco | Director of Finance/CBO Officer | 40 | $126,748 | $0 |
| Teddrick Estes | Principal Highest-paid employee | 40 | $108,023 | $17,810 |
| Denai Greene | Principal Highest-paid employee | 40 | $106,937 | $14,814 |
| Patrice Prewitt | Teacher Highest-paid employee | 40 | $103,524 | $16,133 |
| Amertice Allen | Board Chair Trustee or director, Officer | 2 | $0 | $0 |
| Pam Eqwuekwe | Vice Board Chair Trustee or director, Officer | 2 | $0 | $0 |
| Pedro Velasquez | Board Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Tamika Young | Director Trustee or director | 2 | $0 | $0 |
| Terrell Monger | Director (Left Mid-Year) Trustee or director | 2 | $0 | $0 |
| Larry Neal | Director Trustee or director | 2 | $0 | $0 |
| Matt Thiry | Director (Left Mid-Year) Trustee or director | 2 | $0 | $0 |
| Chilton Simmons | Director (Left Mid-Year) Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jocquell Rodgers | Executive Director Officer | 40 | $122,446 | $37,438 |
| Christina Austin | Chief Academic Officer Highest-paid employee | 40 | $124,819 | $21,481 |
| Marysa Utley | Chief of Schools Highest-paid employee | 40 | $114,136 | $24,527 |
| Teddrick Estes | Principal Highest-paid employee | 40 | $105,723 | $19,432 |
| Pam Egwuekwe | Board Chair Trustee or director, Officer | 2 | $0 | $0 |
| Larry Neal | Vice Board Chair (left 12/31/22) Trustee or director, Officer | 2 | $0 | $0 |
| Amertice Allen | Board Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Matt Thiry | Director Trustee or director | 2 | $0 | $0 |
| Chilton Simmons | Director Trustee or director | 2 | $0 | $0 |
| Omar Aquil | Director (left 12/31/22) Trustee or director | 2 | $0 | $0 |
| Terrell Monger | Director (from 4/1/23) Trustee or director | 2 | $0 | $0 |
| Pedro Velasquez | Director (from 4/1/23) Trustee or director | 2 | $0 | $0 |
| Jovan Orozco from 21623 | Director of Finance/CBO Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6000 POPLAR AVE STE 250, MEMPHIS, TN 38119-3974
- In care of
- % MEGAN QUAILE
- Principal officer (990 for 2024)
- Jocquell Rodgers, 6000 Poplar Ave Ste 250, Memphis, TN 38119
- Signed the 990
- Jocquell Rodgers, Executive Director
- Phone
- (901) 730-8160
- Website
- https://iotaschools.org
- Return prepared by
- Eide Bailly LLP
Mission
IOTA Community Schools' mission is to transform public education so all students graduate prepared for college, leadership, and life.
Program accomplishments
- IOTA Community Schools is a network of public charter schools serving students and families across the Mid-South. The organization operates Title I middle and high schools focused on preparing historically underserved students for college, career, and long-term economic success through rigorous academics, character development, and personalized student support.During the 2024 - 2025 academic year, IOTA continued its commitment to providing high-quality educational opportunities in communities with significant economic and educational barriers.(Continued on Schedule O)IOTA's academic model emphasizes retention, rigor, and results through small-school environments, data-driven instruction, individualized intervention strategies, and strong student relationships. In addition to academic programming, students received social-emotional support services, college and career readiness programming, extracurricular opportunities, and behavioral health resources designed to support the "whole child."Program accomplishments during the year included:-Expansion and enhancement of academic intervention and student support services focused on improving student achievement and long-term outcomes;-Ongoing implementation of student-centered instructional practices and staff development initiatives designed to strengthen academic rigor and classroom effectiveness;-Provision of safe, structured, and supportive learning environments for students and families in historically underserved communities;-Continued investment in operational sustainability, school quality, and long-term organizational effectiveness to support future student success.The organization incurred approximately $29.8 million in program service expenses in support of these educational programs and services during the fiscal year. During the fiscal year, IOTA Community Schools executed a strategic school closure/consolidation initiative designed to optimize long-term academic quality, operational efficiency, and financial sustainability across the network.Expenses $29,845,487 · revenue $5,995,239
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-0970499
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B25)
- Assets (IRS master file)
- $34,862,828
- Income (IRS master file)
- $39,772,175
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $38,542,248 | $35,525,471 | $34,862,828 | IRS |
| 990 | June 2024 | $41,919,351 | $35,676,893 | $31,618,475 | IRS |
| 990 | June 2023 | $35,460,678 | $32,111,046 | $21,875,204 | XML |
| 990 | June 2022 | $34,982,505 | $31,738,370 | $18,794,135 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-0970499).
Questions about IOTA COMMUNITY SCHOOLS
- What is the EIN of IOTA COMMUNITY SCHOOLS?
- The employer identification number (EIN) of IOTA COMMUNITY SCHOOLS is 47-0970499.
- Is IOTA COMMUNITY SCHOOLS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to IOTA COMMUNITY SCHOOLS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IOTA COMMUNITY SCHOOLS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IOTA COMMUNITY SCHOOLS due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOTA COMMUNITY SCHOOLS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of IOTA COMMUNITY SCHOOLS?
- The 990 for the year ended June 30, 2025 names Jocquell Rodgers.
- Who are the officers and directors of IOTA COMMUNITY SCHOOLS?
- The 990 for the year ended June 30, 2025 lists 13 people; 7 received compensation from the organization, the highest $192,105 (Jocquell Rodgers, Executive Director).
- How much revenue does IOTA COMMUNITY SCHOOLS have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $38,542,248, expenses of $35,525,471 and total assets of $34,862,828 at year end.
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