IPS Enterprises Inc
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.
IPS Enterprises Inc at a glance
In short: IPS Enterprises Inc gave $19.5M across 1 grant in 2025 (avg $19.5M), mostly in Florida. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $19,466,950
- -37.6% vs 2024
- Grants made (2025)
- 1
- -50.0% vs 2024
- Average grant
- $19,466,950
- +24.9% vs 2024
- Median grant
- $19,466,950
- Total assets
- $293,460,088
- -7.9% vs 2024
- Primary geography
- Florida (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who IPS Enterprises Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was IDEA Florida Inc ($19.5M).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 7 (71%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How IPS Enterprises Inc gives
- Giving grew 191% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $6.7M (2022) to $31.2M (2024). In 2025 it made 1 grant totaling $19.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| IDEA Florida Inc Tampa, FL | Expansion, student recruitment, and general support | $19,466,950 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $293,460,088 | $114,700,827 | $109,381,739 | $19,466,950 | 1 | $773,366 |
| 2024 | $318,579,025 | $119,741,440 | $113,695,321 | $31,174,938 | 2 | $1,991,571 |
| 2023 | $286,946,593 | $107,105,387 | $105,570,702 | $29,986,977 | 2 | $694,579 |
| 2022 | $202,811,414 | $79,131,900 | $74,266,439 | $6,680,508 | 2 | $85 |
| 2021 | $110,511,128 | $29,976,816 | $29,633,875 | — | — | $432,610 |
About IPS Enterprises Inc
Based on IRS filings
IPS Enterprises Inc is a public charity focused on Education, based in Weslaco, TX. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $293.5M in total assets. In 2025, it awarded 1 grant totaling $19.5M. Net investment income was $773K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
IPS Enterprises Inc is led by Jeffrey Cottrill, Superintendent & CEO since 2024 (on filings since 2023); 10 of 21 officers listed in 2025 are compensated.
Officers on the 2025 filing
Jeffrey Cottrill
Superintendent & CEO
Superintendent → Superintendent & CEO, 2024
On filings since 2023
5 hrs/week
No compensation reported
Adam Miller
National Executive Director of Ips
Vice President of Advancement → Executive Director - Florida, 2022
Executive Director - Florida → National Executive Director of Ips, 2025
On filings since 2021
40 hrs/week
$189K (2021) → $82K (2025)
Simaran Bakshi
Executive Director - Jacksonville
Vice President of Schools - Jacksonville → Regional Vice President of Schools - Florida, 2023
Regional Vice President of Schools - Florida → Executive Director - Jacksonville, 2024
On filings since 2022
$167K (2022) → $201K (2025)
Clifford Wallace
Executive Director - Louisiana
On filings since 2024
$153K (2024) → $173K (2025)
James Hartman
Executive Director - Tampa Bay
On filings since 2024
$176K (2024) → $198K (2025)
Matthew Robinson
Executive Director - Greater Cincinnati
On filings since 2024
$120K (2024) → $174K (2025)
Collin Sewell
Chair
Vice Chair → Chair, 2022
On filings since 2021
2.5 hrs/week
No compensation reported
Janine Valentin
Regional Director of Ops - Florida
Managing Director of Ops - Florida → Regional Director of Ops - Florida, 2025
On filings since 2024
$126K (2024) → $136K (2025)
Debra Schoeninger
Senior Regional Director - Special Programs
New on the 2025 filing
$119K (2025)
Jamelle Goodwin
Regional Vice President of Schools - Florida
On filings since 2024
$115K (2024) → $140K (2025)
Katrice Terrance
Vice President of Organizational Management -Louisiana
Regional Director of Ops - Louisiana → Vice President of Organizational Management -Louisiana, 2025
On filings since 2024
$118K (2024) → $133K (2025)
Lauren Shockley
Principal - Greater Cincinnati
New on the 2025 filing
$139K (2025)
Ed Rivera
Vice Chair
Treasurer → Vice Chair & Treasurer, 2023
Vice Chair & Treasurer → Vice Chair, 2024
On filings since 2021
2.5 hrs/week
No compensation reported
Erich Holmsten
Treasurer
Board Member → Treasurer, 2024
On filings since 2021
1 hr/week
No compensation reported
Anthony Ryan Vaughan
Secretary
On filings since 2022
2.5 hrs/week
No compensation reported
Gary Lindgren
Member
Board Member → Member, 2024
On filings since 2022
1 hr/week
No compensation reported
Layne Fisher
Chief Operating Officer
COO → Chief Operating Officer, 2023
On filings since 2022
5 hrs/week
No compensation reported
Nanette Cocero
Member
Board Member → Member, 2024
On filings since 2023
1 hr/week
No compensation reported
Theresa Barrera-Shaw
Member
Board Member → Member, 2024
On filings since 2023
1 hr/week
No compensation reported
Kathleen Zimmermann
Chief Financial Officer
On filings since 2024
5 hrs/week
No compensation reported
Marcia Aaron
Member
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (25)
- Former: Reba Cardenas McNair (2021–2024) — Member
- Former: Leanne Hernandez (2022–2024) — Chief Financial Officer
- Former: Michael Adams (2022–2024) — Member
- Former: Dhiyaa-ud-deen Abdullah (2023–2024) — Principal - Louisiana
- Former: David Earl (2021–2023) — Board Member
- Former: Janet Crenshaw (2021–2023) — Regional Director of Leader Development - Fl
- Former: Matthew Kyle (2021–2023) — Executive Director - Greater Cincinnati
- Former: Alexander Macaulay (2023) — Managing Director of Reg. Development - Fl
- Former: Bernard Chandler (2023) — Vice President of Schools - Louisiana
- Former: John MacLeod (2023) — Director Finance Planning & Analysis - Fl
- Former: Curtis Lawrence (2021–2022) — Principal
- Former: JoAnn Gama (2021–2022) — CEO & Superintendent
- Former: Julene Robinson (2021–2022) — Executive Director - Tampa Bay
- Former: Kathryn Patterson (2021–2022) — Vice President of Schools - Louisiana
- Former: Kenneth Campbell (2021–2022) — Executive Director - Louisiana
- Former: Saam Zarrabi (2021–2022) — Board Member
- Former: Xenia Garza (2021–2022) — Board Member
- Former: Christa Thomas (2022) — Vice President of Schools - Tampa Bay
- Former: Jose De Leon (2022) — Executive Director - Jacksonville
- Former: Ovidio Vitas (2022) — Board Member
- Former: Al Lopez (2021) — Chair
- Former: David Handley (2021) — Board Member
- Former: Michael Burke (2021) — Board Member
- Former: Ryan Vaughan (2021) — Secretary
- Former: Thomas E Torkelson (2021) — CEO
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $201K, to Simaran Bakshi (Executive Dir. - Jacksonville, FL). 10 officers or directors reported compensation on that filing.
Frequently asked questions about IPS Enterprises Inc
How much does IPS Enterprises Inc give each year?
IPS Enterprises Inc gave $19.5M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $31.2M across 2 grants.
How large is IPS Enterprises Inc?
IPS Enterprises Inc reported $293.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $114.7M.
What is IPS Enterprises Inc?
IPS Enterprises Inc is a public charity focused on Education, based in Weslaco, TX. It holds $293.5M in total assets as of 2025.
Where does IPS Enterprises Inc operate?
IPS Enterprises Inc has awarded grants in Arkansas, Florida, Ohio.
What is IPS Enterprises Inc's EIN?
IPS Enterprises Inc's EIN (Employer Identification Number) is 84-4633153. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS May 1, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 15, 2025)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 12, 2023)
- Added Form 990 for fiscal year 2025 (received by the IRS May 4, 2026)
- IRS filings on file for fiscal years 2021–2024
Live grants for the work IPS Enterprises Inc funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in IPS Enterprises Inc's focus areas in our free grants database
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