2025-05-15T16:52:19-05:00 2024-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2023-07-01 470970499 IOTA Community Schools IOTA 9017308160 6000 Poplar Ave Ste 250 Memphis TN 38119 Jocquell Rodgers Executive Director 9017308160 2025-05-15 1 1 Kim Hunwardsen CPA P00484560 6122536500 2025-05-15 2023 2025-03-06 01:10:19Z X X Jocquell Rodgers 6000 Poplar Ave Ste 250 Memphis TN 38119 41919351 0 X https://iotaschools.org X 2014 TN To run high quality public charter schools in the communities that need them the most. 5 5 327 50 0 0 35308168 41600003 152510 319348 0 0 0 0 35460678 41919351 0 0 0 0 19176877 19314485 0 0 0 12934169 16362408 32111046 35676893 3349632 6242458 21875204 31618475 12277746 11333228 9597458 20285247 IOTA Community Schools is relentlessly pursuing excellence, guided by fostering relationships, accountability, determination, and justice. 0 0 30301815 319348 IOTA Community Schools is a network of Title I secondary schools operating throughout Memphis proper seeking to put every student on the path to college, regardless of background. The academic model is focused on retention, rigor, and results. We serve the "whole" student with social-emotional development in addition to academic progress. We offer a range of comprehensive programs, small schools, and safe college-prep learning environments at our public charter middle and high schools from Whitehaven to Hickory Hill. 30301815 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 84 0 1 327 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 1 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 0 0 TN X X Jocquell Rodgers 9012375608 6000 Poplar Ave Ste 250 Memphis TN 38119 X Amertice Allen Board Chair 2.00 0.00 X X 0 0 0 Pam Eqwuekwe Vice Board Chair 2.00 0.00 X X 0 0 0 Pedro Velasquez Board Secretary 2.00 0.00 X X 0 0 0 Tamika Young Director 2.00 0.00 X 0 0 0 Terrell Monger Director (Left Mid-Year) 2.00 0.00 X 0 0 0 Larry Neal Director 2.00 0.00 X 0 0 0 Matt Thiry Director (Left Mid-Year) 2.00 0.00 X 0 0 0 Chilton Simmons Director (Left Mid-Year) 2.00 0.00 X 0 0 0 Jocquell Rodgers Executive Director 40.00 0.00 X 140387 0 33671 Jovan Orozco Director of Finance/CBO 40.00 0.00 X 126748 0 0 Marysa Utley Chief of Schools 40.00 0.00 X 138878 0 24356 Christina Austin Chief Academic Officer 40.00 0.00 X 126200 0 9552 Teddrick Estes Principal 40.00 0.00 X 108023 0 17810 Denai Greene Principal 40.00 0.00 X 106937 0 14814 Patrice Prewitt Teacher 40.00 0.00 X 103524 0 16133 850697 0 116336 7 0 1 1 Integrity Mechanical Solutions LLC 6694 Fletcher Creek Cove Memphis TN 38133 Mechanical Solutions 1907757 Watson Roofing & Associates LLC PO Box 9 Fiendship TN 38304 Roofing 648563 Lavinia Group LLC 2805 Dodd Rd Ste 200 Eagan MN 55121 Curriculum Services 587880 Executive Force Security LLC 1922 Exeter Road Suite 7 Germantown TN 38138 Security Services 327843 BluSky Restoration Contractors LLC 9110 East Nichols Ave Suite 180 Centennial CO 80112 Construction/Restoration Services 147897 5 41234582 365421 41600003 Local Revenue 611710 319348 319348 319348 41919351 319348 0 0 247307 74192 173115 14833186 13771629 1061557 942550 925246 17304 2179221 2007219 172002 1112221 1023191 89030 6145710 6040546 105164 366434 366434 886303 772753 113550 Student Services 3079249 3079249 Materials and Supplies 2378099 2212141 165958 Shared Services - Relat 2072533 2072533 Operating Expenses 1432357 27492 1404865 1723 1723 35676893 30301815 5375078 0 4462415 8221513 5638239 6103673 68009 223757 12331794 3262704 8357927 9069090 3348614 8000442 21875204 31618475 1605167 681967 199914 0 6749406 6588763 3723259 4062498 12277746 11333228 X 0 0 0 2144336 9597458 18140911 9597458 20285247 21875204 31618475 X 6242458 4445331 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10944527 2865576 8078951 758654 397128 361526 628613 628613 9069090 Operating Lease Right of Use Asset 3268420 Net Pension Asset 2206721 Deferred Outflows - Pensions 2525301 8000442 Operating Lease Liability 3548717 Deferred Inflows - Pensions 513781 4062498 41857523 0 41857523 61828 61828 41919351 35378995 0 35378995 297898 297898 35676893 Part XI, Line 4b - Other Adjustments: Regional Office Revenue, Net of Eliminations 61,828. Part XII, Line 4b - Other Adjustments: Regional Office Expense, Net of Eliminations 297,898. Part X, Line 2: The financial statements do not contain a footnote regarding the Organization's liability for uncertain tax positions under Fin 48 (ASC 740). A Fin 48 disclosure is not required; the charter follows Government Accounting Standards Board (GASB) reporting. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 GDPS TN's "Intent to Enroll" Form and Enrollment Packet contains its racial nondiscriminatory policy. Schedule E, Part I, Line 6 State apportionment revenue based on student enrollment. X X X X 0 0 0 0 0 0 0 0 0 Jocquell Rodgers Executive Director 140387 0 0 0 0 0 11865 0 21806 0 174058 0 0 0 Marysa Utley Chief of Schools 138878 0 0 0 0 0 10728 0 13629 0 163235 0 0 0 Jovan Orozco Director of Finance/CBO 126748 0 0 0 0 0 0 0 0 0 126748 0 0 0 Schedule J, Part II: Jovan Orozco, Director of Finance/CBO, is compensated by an unrelated organization for services provided to IOTA Community Schools. Amounts reported on Schedule J, Part II and Form 990, Part VII reflect the compensation paid by Green Dot Public Schools National, an unrelated organization. Retirement and nontaxable benefit information was not available for the current tax year. Form 990, Part VI, Section A, line 4 The Articles of Incorporation and Bylaws of the Organization were amended during the year to change the name of Green Dot Public Schools Tennessee to IOTA Community Schools and to remove all provisions related to affiliation with Green Dot Public Schools National. Form 990, Part VI, Section A, line 8b There are no committees with broad authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the Controller and current CFO, the Director of Finance, and Executive Director prior to filing. Form 990, Part VI, Section B, line 12c Board members and officers must self-report to the corporation that they have a disqualifying interest. Any such conflicts of interest must be disclosed at the meeting where consideration of the proposed transaction takes place. After the disclosure, the disclosing official must leave the meeting while the remaining Board members discuss the possible conflict of interest and determine whether alternatives to the proposed transaction or arrangement that are more advantageous to the corporation and that do not pose a conflict are available. The disinterested Board members decide whether to accept the proposed transaction or an alternative transaction. This disclosure is included in the Board's meeting minutes. Furthermore, if the Board has reason to believe that a fellow Board member or an officer has failed to disclose a conflict of interest, the individual is informed of the belief and provided an opportunity to respond, followed by further investigation, if warranted. Thereafter, the Board makes a determination and disciplinary and/or corrective actions are taken. Each year, such officials are required to sign a statement that affirms they: a) have received a copy of the corporation's Conflict of Interest Policy (the "Policy"); b) have read and understand the Policy; c) have agreed to comply with the Policy; and d) understand the corporation is charitable and, to maintain its federal tax exemption, the corporation must engage primarily in activities that accomplish one or more of its tax-exempt purposes. Form 990, Part VI, Section B, line 15a The Board of Directors reviews and sets the compensation for the Executive Director on an annual basis using industry data. The Executive Director sets the compensation for the top management officials. Compensation for the Director of Finance/CBO is determined by GDPS National, an unrelated organization. Form 990, Part VI, Section C, line 19 Listed documents are available on the organization's website and at the business address during normal business hours upon request. Form 990, Part VII, Column F: The Organization participates in the Tennessee Consolidated Retirement System, a defined benefit plan, due to the size and varied participants in this plan the actuarial value is not calculated on a per employee basis. The amount included in column F for deferred compensation includes the actual contributions to the plan, but does not include any amount for a reasonable estimate of the increase in actuarial value. Form 990, Part XI, line 9: Change in Reporting from FASB to GASB 3,908,226. Regional Office Net Asset Adjustment 537,105. Part XI, Line 9 The organization has changed its reporting on the financial statements from FASB to GASB An adjustment of $3,908,226 was made to net assets. Green Dot Public Schools National 11341 National Blvd Suite 1062 Los Angeles CA 90064 465740783 Educational Services CA 501(c)(3) Line 12c, III-FI N/A 0 United Parents and Students 1150 S Olive Street Suite 1340 Los Angeles CA 90015 813413763 Educational Services CA 501(c)(3) Line 10 Green Dot Public Schools National 0 Green Dot Public Schools Southeast Texas 11341 National Blvd Suite 1062 Los Angeles CA 90064 853396360 Educational Facilities TX 501(c)(3) Line 2 Green Dot Public Schools National 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 Part II: Beginning April 1, 2024, GDPS National no longer controls GDPS TN due to resignation from serving as the corporate member. As a result, GDPS National, GDPS Southeast Texas, and United Parents and Students are no longer related organizations as of the date of GDPS National's resignation.