Nonprofit · EIN 84-4633153
IPS ENTERPRISES INC
Tax-exempt · WESLACO, TX 78596
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $114,700,827 | $109,381,739 | $5,319,088 | $293,460,088 | $288,386,140 | $5,073,948 |
| June 30, 2024 | 990 | $119,741,440 | $113,695,321 | $6,046,119 | $318,579,025 | $318,824,165 | -$245,140 |
| June 30, 2023 | 990 | $107,105,387 | $105,570,702 | $1,534,685 | $286,946,593 | $282,941,069 | $4,005,524 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $21,903,188
- of which government grants
- $19,466,950
- Program service revenue
- $92,024,273
- Investment income
- $773,366
- Net gain from sales of assets
- -$1,110,791
- Tax-exempt bond proceeds
- $1,595,159
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $19,466,950
- Compensation of officers, directors and key employees
- $1,302,240
- Other salaries and wages
- $53,191,137
- Salaries, compensation and benefits (total)
- $65,203,419
- Professional fundraising fees
- $0
- Legal fees
- $1,219,445
- Accounting fees
- $140,202
- Occupancy
- $52,706
- Travel
- $57,997
- Depreciation
- $7,568,837
- Program services (functional)
- $102,535,262
- Management and general (functional)
- $6,834,027
- Fundraising (functional)
- $12,450
Balance sheet and other
- Total assets, start of year
- $318,579,025
- Total assets, end of year
- $293,460,088
- Total liabilities, end of year
- $288,386,140
- Net assets, end of year
- $5,073,948
- Land, buildings and equipment
- $233,124,360
- Net assets without donor restrictions
- $4,518,728
- Net assets with donor restrictions
- $555,220
- Gross receipts
- $136,336,082
- Employees
- 1,464
- Volunteers
- 106
- Year formed
- 2019
- State of legal domicile
- TX
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Jeffrey Cottrill | Superintendent & CEO Officer | 5 | $0 | $398,926 | $2,728 |
| Layne Fisher | Chief Operating Officer Officer | 5 | $0 | $315,729 | $46,000 |
| Kathleen Zimmermann | Chief Financial Officer Officer | 5 | $0 | $196,141 | $43,995 |
| Simaran Bakshi | Executive Dir. - Jacksonville, FL Key employee | 0 | $200,986 | $0 | $20,226 |
| James Hartman | Executive Dir. - Tampa Bay, FL Key employee | 0 | $198,359 | $0 | $22,192 |
| Clifford Wallace | Executive Dir. - Louisiana Key employee | 0 | $173,180 | $0 | $10,845 |
| Matthew Robinson | Executive Dir. - Greater Cincinnati Key employee | 0 | $174,370 | $0 | $7,440 |
| Jamelle Goodwin | Regional VP of Schools - Florida Highest-paid employee | 0 | $140,164 | $0 | $15,852 |
| Janine Valentin | Regional Director of Ops - Florida Highest-paid employee | 0 | $136,235 | $0 | $12,943 |
| Lauren Shockley | Principal - Greater Cincinnati Highest-paid employee | 0 | $139,296 | $0 | $7,440 |
| Katrice Terrance | VP of Organizational Mgmt -Louisiana Highest-paid employee | 0 | $132,780 | $0 | $5,337 |
| Debra Schoeninger | Sr. Regional Dir. - Special Programs Highest-paid employee | 0 | $118,846 | $0 | $12,258 |
| Adam Miller | National Executive Director of IPS Officer | 40 | $81,504 | $0 | $11,364 |
| Collin Sewell | Chair Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| Ed Rivera | Vice-Chair Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Erich Holmsten | Treasurer Trustee or director, Officer | 1 | $0 |
| Anthony Ryan Vaughan | Secretary Trustee or director, Officer | 2.5 | $0 |
| Marcia Aaron | Member Trustee or director | 1 | $0 |
| Theresa Barrera-Shaw | Member Trustee or director | 1 | $0 |
| Dr Nanette Cocero | Member Trustee or director | 1 | $0 |
| Gary Lindgren | Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Jeffrey Cottrill | Superintendent & CEO Officer | 5 | $0 | $344,586 | $10,901 |
| Layne Fisher | Chief Operating Officer Officer | 5 | $0 | $265,115 | $44,798 |
| Leanne Hernandez | Chief Financial Officer (to 11/23) Officer | 5 | $0 | $200,076 | $34,572 |
| James Hartman | Executive Dir. - Tampa Bay, FL Key employee | 0 | $175,516 | $0 | $15,384 |
| Simaran Bakshi | Executive Dir. - Jacksonville, FL Key employee | 0 | $174,101 | $0 | $14,934 |
| Clifford Wallace | Executive Dir. - Louisiana Key employee | 0 | $152,613 | $0 | $12,774 |
| Janine Valentin | Managing Director of Ops - Florida Highest-paid employee | 0 | $126,273 | $0 | $9,936 |
| Dhiyaa-ud-deen Abdullah | Principal - Louisiana Highest-paid employee | 0 | $121,127 | $0 | $9,673 |
| Jamelle Goodwin | Regional VP of Schools - Florida Highest-paid employee | 0 | $114,532 | $0 | $11,288 |
| Matthew Robinson | Executive Dir. - Greater Cincinnati Highest-paid employee | 0 | $119,886 | $0 | $4,800 |
| Katrice Terrance | Regional Director of Ops - Louisiana Highest-paid employee | 0 | $118,157 | $0 | $4,776 |
| Collin Sewell | Chair Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| Ed Rivera | Vice-Chair Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| Erich Holmsten | Treasurer Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| Anthony Ryan Vaughan | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Michael Adams | Member Trustee or director | 1 | $0 | $0 | $0 |
| Theresa Barrera-Shaw | Member Trustee or director | 1 | $0 | $0 | $0 |
| Dr Nanette Cocero | Member Trustee or director | 1 | $0 | $0 | $0 |
| Gary Lindgren | Member Trustee or director | 1 | $0 | $0 | $0 |
| Reba Cardenas McNair | Member Trustee or director | 1 | $0 | $0 | $0 |
| Kathleen Zimmermann | Chief Financial Officer (from 3/24) Officer | 5 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Leanne Hernandez | Chief Financial Officer Officer | 5 | $0 | $243,915 | $45,926 |
| Layne Fisher | Chief Operating Officer Officer | 5 | $0 | $216,840 | $41,000 |
| Jeffrey Cottrill | Superintendent Officer | 5 | $0 | $201,170 | $5,846 |
| Matthew Kyle | Executive Dir. - Greater Cincinnati Key employee | 0 | $198,615 | $0 | $8,281 |
| Adam Miller | Executive Director - Florida Key employee | 0 | $188,339 | $0 | $16,486 |
| Simaran Bakshi | Regional VP of Schools - Florida Key employee | 0 | $162,665 | $0 | $14,725 |
| Bernard Chandler | VP of Schools - Louisiana Highest-paid employee | 0 | $146,781 | $0 | $10,552 |
| Dhiyaa-ud-Deen Abdullah | Principal - Louisiana Highest-paid employee | 0 | $115,551 | $0 | $9,538 |
| Janet Crenshaw | Regional Dir. of Leader Dev - FL Highest-paid employee | 0 | $115,057 | $0 | $9,712 |
| John MacLeod | Dir. Fin. Planning & Analysis - FL Highest-paid employee | 0 | $112,909 | $0 | $11,664 |
| Alexander Macaulay | Managing Dir. of Reg. Dev. - FL Highest-paid employee | 0 | $107,575 | $0 | $9,335 |
| Collin Sewell | Chair Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| Ed Rivera | Vice-Chair & Treasurer Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| Anthony Ryan Vaughan | Secretary Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| Michael Adams | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Theresa Barrera-Shaw | Board Member Trustee or director | 1.5 | $0 | $0 | $0 |
| Dr Nanette Cocero | Board Member Trustee or director | 2.5 | $0 | $0 | $0 |
| David Earl | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Erich Holmsten | Board Member Trustee or director | 2.5 | $0 | $0 | $0 |
| Gary Lindgren | Board Member Trustee or director | 1.5 | $0 | $0 | $0 |
| Reba Cardenas McNair | Board Member Trustee or director | 1.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2115 W PIKE BLVD, WESLACO, TX 78596-0054
- In care of
- % IPS ENTERPRISES
- Principal officer (990 for 2024)
- Jeffrey Cottrill, 2115 West Pike Blvd, Weslaco, TX 78596
- Signed the 990
- Adam Miller, National Executive Dir. of IPS
- Phone
- (956) 377-8000
- Return prepared by
- Blazek & Vetterling
Mission
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.
Program accomplishments
- See Schedule OExpenses $102,535,262 · grants $19,466,950 · revenue $92,024,273
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
- 84-4633153
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2022
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B19)
- Assets (IRS master file)
- $293,460,088
- Income (IRS master file)
- $136,336,082
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $114,700,827 | $109,381,739 | $293,460,088 | IRS |
| 990 | June 2024 | $119,741,440 | $113,695,321 | $318,579,025 | IRS |
| 990 | June 2023 | $107,105,387 | $105,570,702 | $286,946,593 | XML |
| 990 | June 2022 | $79,131,900 | $74,266,439 | $202,811,414 | IRS |
| 990 | June 2021 | $29,976,816 | $29,633,875 | $110,511,128 | 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 84-4633153).
Questions about IPS ENTERPRISES INC
- What is the EIN of IPS ENTERPRISES INC?
- The employer identification number (EIN) of IPS ENTERPRISES INC is 84-4633153.
- Is IPS ENTERPRISES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to IPS ENTERPRISES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does IPS ENTERPRISES INC 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 IPS ENTERPRISES INC 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 IPS ENTERPRISES INC 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 IPS ENTERPRISES INC?
- The 990 for the year ended June 30, 2025 names Jeffrey Cottrill.
- Who are the officers and directors of IPS ENTERPRISES INC?
- The 990 for the year ended June 30, 2025 lists 21 people; 10 received compensation from the organization.
- How much revenue does IPS ENTERPRISES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $114,700,827, expenses of $109,381,739 and total assets of $293,460,088 at year end.
Other nonprofits in WESLACO
- IDEA PUBLIC SCHOOLS EIN 74-2948339 · last filed 990 for 2025
- IDEA FLORIDA INC EIN 84-3519271 · last filed 990 for 2025
- SOUTH TEXAS EDUCATIONAL TECHNOLOGIES INC EIN 74-2859107 · last filed 990 for 2025
- RGR INDUSTRIES INC EIN 20-3798138 · last filed 990 for 2025
- VALLEY GRANDE INSTITUTE FOR ACADEMIC STUDIES EIN 75-2684723 · last filed 990 for 2022
- WESLACO SCHOLARSHIP FOUNDATION EIN 20-0232625 · last filed 990 for 2024
- PARENT BOOSTER USA INC EIN 88-2505636 · last filed 990-EZ for 2026
- JOEY TORRES FOUNDATION EIN 20-3916732 · last filed 990-N for 2025