2026-05-13T18:49:43-05:00 2025-06-30 450250958 Eide Bailly LLP 877 W Main St Ste 800 Boise ID 837025858 990 2024-07-01 470970499 IOTA Community Schools IOTA 9017308160 6000 Poplar Ave Ste 250 Memphis TN 38119 Jocquell Rodgers Executive Director 9017308160 2026-05-13 1 1 Kimberly C Nelson CPA P01887713 2083447150 2026-05-13 2024 2025-03-06 01:10:19Z Jocquell Rodgers 6000 Poplar Ave Ste 250 Memphis TN 38119 39772175 0 X https://iotaschools.org X 2014 TN To run high quality public charter schools in the communities that need them the most. 5 5 334 40 0 0 41600003 33657193 319348 5995239 0 -1110184 0 0 41919351 38542248 0 0 0 0 19314485 18206005 0 0 0 16362408 17319466 35676893 35525471 6242458 3016777 31618475 34862828 11333228 11923104 20285247 22939724 X IOTA Community Schools' mission is to transform public education so all students graduate prepared for college, leadership, and life. 0 0 29845487 5995239 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. 29845487 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 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 0 0 0 0 1 64 0 1 334 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 0 0 TN X X Daniel Penaranda 9017308160 6000 Poplar Ave Ste 250 Memphis TN 38119 X Amertice Allen Board Chair 2.00 X X 0 0 0 Pam Eqwuekwe Vice Board Chair 2.00 X X 0 0 0 Pedro Velasquez Board Secretary 2.00 X X 0 0 0 Tamika Young Director 2.00 X 0 0 0 Larry Neal Director 2.00 X 0 0 0 Terrell Monger Director (Left Mid-Year) 2.00 X 0 0 0 Jocquell Rodgers Executive Director 40.00 X 192105 0 48344 Daniel Penaranda Chief Financial Officer 40.00 X 153122 0 52103 Marysa Utley Chief of Schools (Left Mid-Year) 40.00 X 145476 0 20382 Christina Austin Chief Academic Officer 40.00 X 139968 0 24655 Teddrick Estes Principal 40.00 X 109051 0 21456 James Johnson Principal 40.00 X 115420 0 13981 Chad Everett Left Mid-Year Chief Operations Officer 40.00 X 113478 0 22656 968620 0 203577 7 0 1 0 Executive Force Security LLC 1922 Exeter Road Suite 7 Germantown TN 38138 Security Services 404335 BluSky Restoration Contractors LLC 9110 East Nichols Ave Suite 180 Centennial CO 80112 Construction/Restoration Services 297446 ABC Charter Services LLC 1255 Lynnfield Road Suite 118 Memphis TN 38119 Charter Transportation Services 136161 Edpact LLC 6000 Poplar Avenue Suite 250 Memphis TN 38119 Payroll Processing Services 134000 Integrity Mechanical Solutions LLC 6694 Fletcher Creek Cove Memphis TN 38133 Mechanical Maintenance & Repair services 107710 5 33214435 442758 33657193 Local Revenue 611710 5995239 5995239 5995239 119743 119743 1229927 -1229927 -1229927 -1229927 38542248 5995239 0 -1110184 437291 131187 306104 13958229 12190059 1768170 815408 785355 30053 2035223 1601837 433386 959854 810203 149651 3595105 3518241 76864 205255 205255 603853 372262 231591 Shared Services 4854632 4854632 Student Services 3761420 3761420 Operating Expenses 2393038 43508 2349530 Materials and Supplies 1890676 1556041 334635 15487 15487 35525471 29845487 5679984 0 8221513 13603613 6103673 5412326 223757 111080 11479095 3874392 9069090 7604703 8000442 8131106 31618475 34862828 681967 4322830 0 25 6588763 3271298 4062498 4328951 11333228 11923104 X 0 0 2144336 4023830 18140911 18915894 20285247 22939724 31618475 34862828 X 3016777 -362300 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10715441 3349431 7366010 763654 524961 238693 7604703 Operating Lease Right of Use Asset 3201464 Net Pension Asset 2809765 Deferred Outflows - Pensions 2119877 8131106 Operating Lease Liability 3514433 Deferred Inflows - Pensions 814518 4328951 34200869 0 34200869 4341379 4341379 38542248 31285581 1229927 1229927 30055654 5469817 5469817 35525471 Part XI, Line 4b - Other Adjustments: Regional Office Revenue, Net of Eliminations 5,571,306. Special Item - IOTA regional office - school closure -1,229,927. Part XII, Line 2d - Other Adjustments: Special Item - IOTA regional office - school closure 1,229,927. Part XII, Line 4b - Other Adjustments: Regional Office Expense, Net of Eliminations 5,469,817. 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 IOTA Community Schools' "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 192105 0 0 0 0 0 16822 0 31522 0 240449 0 0 0 Daniel Penaranda Chief Financial Officer 153122 0 0 0 0 0 30127 0 21976 0 205225 0 0 0 Marysa Utley Chief of Schools (Left Mid-Year) 145476 0 0 0 0 0 6318 0 14064 0 165858 0 0 0 Christina Austin Chief Academic Officer 139968 0 0 0 0 0 9256 0 15399 0 164623 0 0 0 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. 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: Restatement for change in accounting principle - Compensated Absences -362,300.