IDEA Public Schools (Texas) continues to achieve tremendous academic and financial results despite being the largest and fastest growing CMO in the country. \u00a0This year was no exception, and in fact was a record financial year for them, achieving milestones in both profitability and liquidity. \u00a0To finance their next phase of their growth, which includes a new region in Tarrant County (Fort Worth), IDEA issued $165,680,000 in Education Revenue Bonds through the Clifton Higher Education Finance Corporation. \u00a0 This is the second largest charter school bond issue, superseded only by last year\u2019s IDEA financing (which included a refunding component).<\/p>\n
The issue was rated AAA by Standard & Poor\u2019s based upon the PSF guarantee under the State of Texas\u2019 Bond Guarantee Program. \u00a0IDEA carries a BBB+ underlying rating, one of only a very few charter schools and systems to carry such a high rating, and by far the largest to carry such a high rating. \u00a0It also carries an A – Superior FIRST rating, achieving a 92 out of 100 in 2018. \u00a0IDEA serves over 40,000 students this school year, and expects to enroll over 50,000 in just a few years.<\/p>\n
For the twelfth year in a row (school year 2018), IDEA achieved 100% college acceptance for its graduating class. For the 10th year in a row, IDEA had numerous college preparatory schools ranked among the top performing high schools in the country. \u00a0Two of IDEA\u2019s senior leaders, founder and CEO Tom Torkelson, and co-founder and President & Superintendent JoAnn Gama, were inducted into the Charter School Hall of Fame. \u00a0Buck Financial served as Co-Financial advisor on this issue, and is proud to be associated with an organization that makes a difference in the lives of so many underserved families. \u00a0Congratulations to IDEA and its students and families!<\/p>\n","protected":false},"excerpt":{"rendered":"
IDEA Public Schools (Texas) continues to achieve tremendous academic and financial results despite being the largest and fastest growing CMO in the country. \u00a0This year was no exception, and in fact was a record financial year for them, achieving milestones in both profitability and liquidity. \u00a0To finance their next phase of their growth, which includes… read more<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-133","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.buckfinancial.net\/blog\/wp-json\/wp\/v2\/posts\/133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buckfinancial.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buckfinancial.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buckfinancial.net\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buckfinancial.net\/blog\/wp-json\/wp\/v2\/comments?post=133"}],"version-history":[{"count":4,"href":"https:\/\/www.buckfinancial.net\/blog\/wp-json\/wp\/v2\/posts\/133\/revisions"}],"predecessor-version":[{"id":137,"href":"https:\/\/www.buckfinancial.net\/blog\/wp-json\/wp\/v2\/posts\/133\/revisions\/137"}],"wp:attachment":[{"href":"https:\/\/www.buckfinancial.net\/blog\/wp-json\/wp\/v2\/media?parent=133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buckfinancial.net\/blog\/wp-json\/wp\/v2\/categories?post=133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buckfinancial.net\/blog\/wp-json\/wp\/v2\/tags?post=133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}