2020-01-17T12:26:44-06:00 2019-06-30 471352305 O'CONNELL & COMPANY LLC 165 TOWNSHIP LINE RD STE 1100 JENKINTOWN PA 19046 990 2018-07-01 454720688 PHILADELPHIA INDEPENDENT MISSION SCHOOLS PHIL 6102005100 1012 W THOMPSON STREET PHILADELPHIA PA 19405 BRIAN MCELWEE CHAIRMAN 6102005100 2020-01-16 true STEPHANIE KLUG P01648983 2158874425 2020-01-17 50.243.48.145 2020-01-17 12:26:44 CS P 5B93BBDA4A9A0302A325E5A1708065449D2ABAF9 5B93BBDA4A9A0302A325E5A1708065449D2ABAF9 2018 2020-11-19 02:30:22Z X INDEPENDENCE MISSION SCHOOLS BRIAN MCELWEE 1012 W THOMPSON STREET PHILADELPHIA PA 19405 36140063 false X WWW.INDEPENDENCEMISSIONSCHOOLS.ORG X 2012 PA INDEPENDENCE MISSION SCHOOLS MANAGES A NETWORK OF CATHOLIC GRADE SCHOOLS THROUGH A CENTRAL OFFICE LOCATION WHICH PROVIDES SUPPORT TO ALL OF THE SCHOOLS. OUR MISSION IS TO PROVIDE SUSTAINABLE, AFFORDABLE, HIGH-QUALITY CATHOLIC EDUCATION TO NEARLY 5,000 CHILDREN OF ALL FAITHS IN UNDERSERVED URBAN NEIGHBORHOODS THROUGH A NEW MODEL OF GOVERNANCE, FUNDING, AND ACCOUNTABILITY FOR THE MEMBER SCHOOLS. 19 16 705 85 0 15807152 20791565 14987626 14931892 18290 20762 27820 283416 30840888 36027635 3234547 3173524 0 22123937 21815281 0 1365185 7107473 7276651 32465957 32265456 -1625069 3762179 19301245 23909731 4105963 4757111 15195282 19152620 X INDEPENDENCE MISSION SCHOOLS MANAGES A NETWORK OF CATHOLIC GRADE SCHOOLS THROUGH A CENTRAL OFFICE LOCATION WHICH PROVIDES SUPPORT TO ALL OF THE SCHOOLS. OUR MISSION IS TO PROVIDE SUSTAINABLE, AFFORDABLE, HIGH-QUALITY CATHOLIC EDUCATION TO NEARLY 5,000 CHILDREN OF ALL FAITHS IN UNDERSERVED URBAN NEIGHBORHOODS THROUGH A NEW MODEL OF GOVERNANCE, FUNDING, AND ACCOUNTABILITY FOR THE MEMBER SCHOOLS. false false 27429565 3173524 14931892 JUNE OF 2019 MARKS THE END OF IMS' SIXTH OPERATING SCHOOL YEAR. THE NETWORK CONTINUES TO SHOW STRONG PROGRESS IN THE CRITICAL AREAS OF ENROLLMENT AND SCHOLARSHIP. DEMAND FOR SEATS IS STRONG WITH SOME SCHOOLS EXPERIENCING WAIT LISTS. IMS CONTINUES TO MAKE SIGNIFICANT INVESTMENTS IN PROGRAMMING SUCH AS THE NEWLY INSTATED EUREKA MATH PROGRAM TO DRIVE ACADEMIC OUTCOMES FOR STUDENTS. 27429565 true true false false false false false false false false true false false true true true true false false false false false false true true false false false true true true false false false false false false false true false true true false false false false false false false false true 53 0 true 705 true false false false false false false false false false false false false false false X 19 16 false false false false false false false true true false false true true true true true false true false false PA X X X BRIAN MCELWEE 6102005100 1012 W THOMPSON STREET PHILADELPHIA PA 19405 JOHN CAVANAUGH BOARD MEMBER 1.00 X 0 0 0 TONY CELLUCCI BOARD MEMBER 1.00 X 0 0 0 BILL CURTIS BOARD MEMBER 1.00 X 0 0 0 JACK DONNELLY BOARD MEMBER 1.00 X 0 0 0 BISHOP MICHAEL J FITZGERALD BOARD MEMBER 1.00 X 0 0 0 KATHY FRIEL BOARD MEMBER 1.00 X 0 0 0 JOHN FIGGE BOARD MEMBER 1.00 X 0 0 0 MICHAEL S JACKSON BOARD MEMBER 1.00 X 0 0 0 BROTHER RICHARD KESTLER BOARD MEMBER 1.00 X 0 0 0 BRIAN MCELWEE CHAIRMAN 1.00 X X 0 0 0 ANNE MCGOLDRICK BOARD MEMBER 1.00 X 0 0 0 MARIS A OGG BOARD MEMBER 1.00 X 0 0 0 KEN PHELAN BOARD MEMBER 1.00 X 0 0 0 DANIEL PICKENS BOARD MEMBER 1.00 X 0 0 0 MICHAEL PIOTROWICZ BOARD MEMBER 1.00 X 0 0 0 MARC S RICHMAN BOARD MEMBER 1.00 X 0 0 0 JOSEPH T STAPLETON BOARD MEMBER 1.00 X 0 0 0 MICHAEL STEPHANO BOARD MEMBER 1.00 X 0 0 0 MICHAEL F YOUNG BOARD MEMBER 1.00 X 0 0 0 RICHARD NOURIE EMERITUS DIR 1.00 X 0 0 0 LORIE HOWLEY EMERITUS DIR 1.00 X 0 0 0 GERARD H SWEENEY EMERITUS DIR 1.00 X 0 0 0 JIM BROUSSARD EMERITUS DIR 1.00 X 0 0 0 MARY MCDONALD EMERITUS DIR 1.00 X 0 0 0 GREGORY VINCENT CHIEF ACADEM 40.00 X 140000 0 7483 MARY DOYLE COO 40.00 X 125000 0 10416 RICHARD AULETTA FORMER PRESI 40.00 X 225962 0 7818 490962 25717 3 true true false TADS 110 N 5TH STREET 2ND FLOOR MINNEAPOLIS MN 55403 TUITION MGMT 287066 JT MILLER INC 8511 WEST CHESTER PIKE UPPER DARBY PA 19082 MECHANICAL CONT 221571 SCHOOLKIT 1330 OTIS PLACE NW SUITE 2 WASHINGTON DC 20010 EDUCATIONAL SUP 148000 JP MASCARO AND SONS PO BOX 7250 AUDUBON PA 19407 WASTE REMOVAL 110727 4 20791565 669130 20791565 TUITION 611600 13535464 13535464 OTHER SCHOOL INCOME 611600 1396428 1396428 14931892 20762 20762 395844 112428 283416 283416 36027635 14931892 304178 3173524 3173524 150000 150000 225962 79087 90385 56490 18125148 15865449 1583620 676079 385830 291638 89145 5047 1600429 1335527 36293 228609 1327912 1174414 128979 24519 63761 63761 44900 44900 49816 1005 48811 99722 22761 75370 1591 855025 805142 49883 65352 65352 551850 83934 467916 624023 461239 160816 1968 SUPPLIES/ACTIVITIES/EQUIP 2596788 2153276 235743 207769 REPAIRS AND MAINTENANCE 1009492 1008202 1290 TUITION MANAGEMENT FEES 479233 479233 CONSULTING FEES 439739 40028 293484 106227 396950 239754 149121 8075 32265456 27429565 3470706 1365185 595970 512584 5301612 4243606 3910546 10101594 93461 228858 7888088 1764724 6354090 6123364 15235 100877 3030331 2598848 19301245 23909731 1763842 2315107 80469 2342121 2271035 90500 4105963 4757111 X 10707658 14560125 4487624 4592495 15195282 19152620 19301245 23909731 3762179 195159 X false true X true false X 14400340 16705900 19145457 15807152 20791565 86850414 14400340 16705900 19145457 15807152 20791565 86850414 10169484 76680930 7588 11090 14254 18290 20762 71984 412575 395844 808419 87730817 29919518 0.87400 0.84960 X PART II, LINE 10 OTHER INCOME 412,575 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 224051 224051 5081594 326816 4754778 1157880 324883 832997 1345884 1035652 310232 78679 77373 1306 6123364 BENEFICIAL INTEREST IN ASSETS OF OTH 2479230 PREPAID EXPENSES 119618 2598848 FUNDS HELD FOR OTHERS 90500 90500 X 33049270 195159 -3173524 -2978365 36027635 36027635 29091932 29091932 3173524 3173524 32265456 SCHEDULE D, PAGE 3, PART X IMS IS EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. IMS HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. IMS HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XI, LINE 2D FINANCIAL AID -3,173,524 SCHEDULE D, PAGE 4, PART XII, LINE 4B FINANCIAL AID 3,173,524 false SPECIAL EVENTS 382201 382201 109031 382201 382201 109031 109031 273170 false FINANCIAL AID 4225 3173524 FMV FINANCIAL AID false false false false false false false false false RICHARD AULETTA FORMER PRESIDENT 225962 7818 233780 A UPPER DARBY INDUSTRIAL DEVELOPMENT 2016-12-28 2485000 CONSTRUCTION PROJECT false false false A 100701 2485000 44711 2440289 false false true true A false false false false false false false A false false false false false false false false false A false PORTER & CURTIS BOARD MEMBER 627450 INSURANCE false BRANDYWINE REALTY EMERITUS BM 23105 RENT false BEACON INSURANCE BOARD MEMBER 1567025 INSURANCE false VALLEY FORGE INVESTMENT CO BOARD PRESIDENT 36850 ACCOUNTING SERVICES false SCHEDULE L, PART V WILLIAM CURTIS, BOARD MEMBER, IS THE OWNER OF PORTER & CURTIS LLC WHERE HE SERVES AS INDEPENDENCE MISSION SCHOOLS' INSURANCE BROKER. GERALD SWEENEY, EMERITUS BOARD MEMBER, SERVES AS THE PRESIDENT AND CHIEF EXECUTIVE OFFICER OF BRANDYWINE REALTY TRUST. BRANDYWINE REALTY TRUST LEASES OFFICE SPACE TO INDEPENDENCE MISSION SCHOOLS. ANTHONY CELLUCCI, BOARD MEMBER, IS EMPLOYED BY BEACON INSURANCE GROUP WHERE HE SERVES AS INDEPENDENCE MISSION SCHOOLS' INSURANCE BROKER. BRIAN MCELWEE, BOARD PRESIDENT, IS EMPLOYED BY VALLEY FORGE INVESTMENT COMPANY. VALLEY FORGE INVESTMENT COMPANY PROVIDES ACCOUNTING SERVICES TO INDEPENDENCE MISSION SCHOOLS. X 669130 MARKET VALUE false true false FORM 990 - ORGANIZATION'S MISSION INDEPENDENCE MISSION SCHOOLS MANAGES A NETWORK OF CATHOLIC GRADE SCHOOLS THROUGH A CENTRAL OFFICE LOCATION WHICH PROVIDES SUPPORT TO ALL OF THE SCHOOLS. OUR MISSION IS TO PROVIDE SUSTAINABLE, AFFORDABLE, HIGH-QUALITY CATHOLIC EDUCATION TO NEARLY 5,000 CHILDREN OF ALL FAITHS IN UNDERSERVED URBAN NEIGHBORHOODS THROUGH A NEW MODEL OF GOVERNANCE, FUNDING, AND ACCOUNTABILITY FOR THE MEMBER SCHOOLS. FORM 990, PAGE 6, PART VI, LINE 11B THE FINANCE COMMITTEE REVIEWS THE 990 AND RECOMMENDS TO THE BOARD OF DIRECTORS THAT IT BE APPROVED. A DRAFT OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION REQUIRES OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES TO ANNUALLY DISCLOSE ANY CONFLICTS AND REVIEWS NEW VENDORS AND PROVIDERS WITH EXISTING DISLOSURES. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD REVIEWS AND APPROVES COMPENSATION ADJUSTMENTS FOR THE PRESIDENT AND THE CHIEF FINANCIAL OFFICER. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.