2018-05-15T13:33:06-04:00 2017-06-30 471352305 O'CONNELL & COMPANY 165 TOWNSHIP LINE RD STE 1100 JENKINTOWN PA 190461350 990 2016-07-01 454720688 PHILADELPHIA INDEPENDENT MISSION SCHOOLS PHIL 6102005100 640 BUSINESS FREEDOM CENTER DR 115 KING OF PRUSSIA PA 19406 RICHARD AULETTA PRESIDENT 6102005100 2018-05-15 true TERENCE M O'CONNELL P01436232 2158874425 2018-05-15 2016 2022-09-23 18:48:47Z INDEPENDENCE MISSION SCHOOLS RICHARD AULETTA C/O 640 FREEDOM BUSINESS CENTER DR SUITE 115 KING OF PRUSSIA PA 19406 35110241 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. 20 17 792 100 0 16705900 19145457 13448537 15542896 11090 14254 224774 165766 30390301 34868373 1576102 3637869 0 19138492 20256825 0 1446552 6256394 6796525 26970988 30691219 3419313 4177154 15178803 21068108 2535606 4247757 12643197 16820351 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 25667562 3637869 15542896 JUNE OF 2017 MARKS THE END OF IMS' FOURTH OPERATING SCHOOL YEAR. THE NETWORK CONTINUED TO SHOW STRONG PROGRESS IN THE CRITICAL AREAS OF ENROLLMENT AND SCHOLARSHIP WITH A FOURTH CONSECUTIVE YEAR OF GROWTH IN EACH. DEMAND FOR SEATS IS STRONG. SEVERAL PLACES ACROSS THE NETWORK ARE STARTING TO EXPERIENCE WAITING LISTS. IMS CONTINUES TO MAKE SIGNIFICANT INVESTMENTS IN PROGRAMMING TO DRIVE ACADEMIC OUTCOMES FOR STUDENTS. 25667562 true true false false false false false false false false true false false true false true true false false false false false false false 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 46 0 true 792 true false false false false false false false false false false false false X 20 17 false false false false false false false true true false false true true true true true false true false false PA X X X RICHARD AULETTA 6102005100 C/O 640 FREEDOM BUSINESS CENTER DR SUITE 115 KING OF PRUSSIA PA 19406 X BEN AUSLANDER BOARD MEMBER 2.00 X 0 0 0 JIM BROUSSARD BOARD MEMBER 2.00 X 0 0 0 TONY CELLUCCI BOARD MEMBER 2.00 X 0 0 0 BILL CURTIS BOARD MEMBER 2.00 X 0 0 0 JACK DONNELLY BOARD MEMBER 5.00 X 0 0 0 JOHN FIGGE BOARD MEMBER 2.00 X 0 0 0 BISHOP MICHAEL J FIRZGERALD BOARD MEMBER 2.00 X 0 0 0 LORIE HOWLEY BOARD MEMBER 2.00 X 0 0 0 MICHAEL S JACKSON BOARD MEMBER 2.00 X 0 0 0 BROTHER RICHARD KESTLER BOARD MEMBER 2.00 X 0 0 0 MARY MCDONALD BOARD MEMBER 2.00 X 0 0 0 BRIAN MCELWEE CHAIRMAN 8.00 X 0 0 0 MARIS A OGG BOARD MEMBER 2.00 X 0 0 0 KEN PHELAN BOARD MEMBER 2.00 X 0 0 0 DANIEL PICKENS BOARD MEMBER 2.00 X 0 0 0 MICHAEL A RASHID BOARD MEMBER 2.00 X 0 0 0 MARC S RICHMAN BOARD MEMBER 2.00 X 0 0 0 JOSEPH T STAPLETON SECRETARY 5.00 X 0 0 0 GERARD H SWEENEY BOARD MEMBER 2.00 X 0 0 0 MICHAEL F YOUNG BOARD MEMBER 5.00 X 0 0 0 RICHARD NOURIE EMERITUS DIR 2.00 X 0 0 0 RICHARD AULETTA PRESIDENT 40.00 X 136168 0 0 MARIE KEITH ADVANCEMENT 40.00 X 111216 0 0 ANNE MCGOLDRICK FORMER PRESI 40.00 X 131538 0 0 378922 3 true false false DALE CONSTRUCTION LLC 70 LIMEKILN PIKE GLENSIDE PA 19038 CONSTRUCTION 340000 GO2TECH 606 BALTIMORE PIKE SPRINGFIELD PA 19064 TECHNOLOGY 291324 VISUAL SOUND 485 PARK WAY BROOMALL PA 19008 AUDIO VISUAL 104506 3 19145457 599991 19145457 TUITION 14185485 14185485 OTHER SCHOOL INCOME 1357411 1357411 15542896 14254 14254 407634 241868 165766 34868373 15557150 3637869 3637869 185924 161123 14422 10379 16890687 14637635 1310169 942883 372611 356312 -6058 22357 1622948 1369045 228826 25077 1184655 1031473 87533 65649 59077 6795 52282 61450 2150 59300 881746 376428 442621 62697 46481 18911 3908 23662 836792 324438 507874 4480 122093 116462 5631 1683970 1602581 80861 528 194654 128009 8901 57744 45596 57248 -11652 337515 82495 255020 340206 -1161 341367 INSTRUCTIONAL MATERIALS 979686 962242 5898 11546 PARTNERSHIP FEES 582973 502183 80790 SCHOOL ACTIVITIES 272027 261585 10415 27 DEVELOPMENT EXPENSES 264266 6172 26919 231175 87993 84815 3178 30691219 25667562 3577105 1446552 8301144 7412056 3426851 4777115 331466 470504 6369567 687638 3023931 5681929 47109 48302 2726504 15178803 21068108 1596769 1755505 11337 36480 927500 2455772 2535606 4247757 X 7799392 16820351 4843805 12643197 16820351 15178803 21068108 4177154 X false true X true X 1493674 12472329 14400340 16705900 19145457 64217700 1493674 12472329 14400340 16705900 19145457 64217700 64217700 84 5801 7588 11090 14254 38817 64256517 15964784 0.99940 0.90850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 224051 224051 4305967 76512 4229455 889477 159897 729580 871393 378179 493214 78679 73050 5629 5681929 BENEFICIAL INTEREST IN ASSETS OF OTH 2579644 PREPAID EXPENSES 146860 2726504 X 31230504 -3637869 -3637869 34868373 34868373 27053350 27053350 3637869 3637869 30691219 SCHEDULE D, PAGE 3, PART X INCOME TAXES -- IMS HAS NOT RECOGNIZED ANY LIABILITY FOR UNCERTAIN TAX POSITIONS. IMS IS NO LONGER SUBJECT TO FEDERAL AND STATE TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2014. SCHEDULE D, PAGE 4, PART XI, LINE 2D FINANCIAL AID -3,637,869 SCHEDULE D, PAGE 4, PART XII, LINE 4B FINANCIAL AID 3,637,869 FUNDRAISING EVE 407634 407634 241868 407634 407634 241868 241868 165766 false FINANCIAL AID 4000 3637869 FMV FINANCIAL AID false false false false false false false false false ANNE MCGOLDRICK FORMER PRESIDENT 131538 131538 A UPPER DARBY INDUSTRIAL DEVELOPMENT 2016-12-28 2485000 CONSTRUCTION PROJECT false false false A 29228 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 33621 INSURANCE false MARY MCDONALD BOARD MEMBER 79800 CONSULTING false BRANDYWINE REALTY BOARD MEMBER 20780 RENT false SCHEDULE L, PART V WILLIAM CURTIS, BOARD MEMBER, IS THE OWNER OF PORTER & CURTIS LLC WHERE HE SERVED AS INDEPENDENCE MISSION SCHOOLS' INSURANCE BROKER. GERALD SWEENEY, BOARD MEMBER, SERVES AS THE PRESIDENT AND CHIEF EXECUTIVE OFFICER OF BRANDYWINE REALTY TRUST. BRANDYWINE REALTY TRUST LEASES OFFICE SPACE TO INDEPENDENCE MISSION SCHOOLS. X 599991 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. FORM 990, PART XI, LINE 9 FINANCIAL AID -3,637,869 FINANCIAL AID 3,637,869