Idea Greater Cincinnati Inc.

“IDEA Greater Cincinnati, Inc. (IDEA GC) executed a management services agreement with IPS Enterprises, Inc. (IPS), a related tax-exempt organization that supports charter schools within the IDEA network, including IDEA GC. IPS provides IDEA GC with School Management Services, which include the provision of teachers, administrators, and other staff. IPS bills IDEA GC for contracted services and a management fee. Key employees and highest compensated employees of IDEA GC are compensated through this arrangement as follows: Executive Director, Matthew Kyle: $248,368 Principal, Yuri Thornton: $115,833 Assistant Principal, Amanda Bush: $114,477 Regional Director of Operatons, Martinez Wilson: $114,199 IPS paid additional staff a combined total of $655,556 in compensation for services performed for IDEA GC.”

“Form 990 is reviewed by management of IPS Enterprises, Inc. as part of the management services provided to IDEA Greater Cincinnati, Inc.”

“As part of its management services agreement with IDEA Greater Cincinnati, Inc., management of IPS Enterprises, Inc. monitors potential conflicts of interest.”

“The organization's Executive Director and other staff are employed by IPS Enterprises, Inc. (IPS) under a management services agreement. Therefore, the organization does not determine the compensation of these individuals.”

“Upon request.”

“IDEA Greater Cincinnati, Inc. (IDEA GC) executed a management services agreement with IPS Enterprises, Inc. (IPS), a related tax-exempt organization that supports charter schools within the IDEA network, including IDEA GC. IPS provides IDEA GC with School Management Services, which include the provision of teachers, administrators, and other staff. Therefore, IPS employs and pays all staff. IPS bills IDEA GC for contracted services and a management fee.”

“IDEA Greater Cincinnati, Inc. (IDEA GC) executed a management services agreement with IPS Enterprises, Inc. (IPS), a related tax-exempt organization that supports charter schools within the IDEA network, including IDEA GC. IPS provides IDEA GC with School Management Services, which include the provision of teachers, administrators, and other staff. Therefore, IPS employs and pays all staff of IDEA GC. IPS bills IDEA GC for contracted services and a management fee. Under this arrangement, compensation related expenses reported in Lines 5, 7, 8, 9, and 10 of Part IX, totaling $3,128,549, were paid by IPS. A management fee of $1,318,566, reported in Line 11a, was paid to IPS for the management services performed for IDEA GC. An additional $496,184 of the fees reported in Part IX were paid by IPS and reimbursed by IDEA GC.”