INDEPENDENCE MISSION SCHOOLS: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- INDEPENDENCE MISSION SCHOOLS (EIN 45-4720688)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2017-01-13
- IRS object ID
- 201730139349300708
- Schema version
- 2015v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-01-13T06:07:48-08:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | O'Connell & Company LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Ste 1100 165 Township Line Road | AddressLine1Txt |
| City | Jenkintown | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19046 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 454720688 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Philadelphia Independent Mission Schools | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PHIL | BusinessNameControlTxt |
| Phone | 6102005100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 640 Freedom Business Center Dr | AddressLine1Txt |
| City | King Of Prussia | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19406 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANNE MCGOLDRICK | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6102005100 | PhoneNum |
| Signature | 2017-01-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TERENCE M O'CONNELL | PreparerPersonNm |
| Phone | 2158874425 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Anne McGoldrick | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 North Gulph Road Suite 110 | AddressLine1Txt |
| City | King of Prussia | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19406 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $30,648,486 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.independencemissionschools.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2012 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | Independence Mission Schools manages a network of 15 Catholic grade schools through a central office location which provides support to all 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 19 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 19 | VotingMembersIndependentCnt |
| Total Employee | 680 | TotalEmployeeCnt |
| Total Volunteers | 100 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $14,400,340 | PYContributionsGrantsAmt |
| CY Contributions Grants | $16,705,900 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $11,308,490 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $13,448,537 | CYProgramServiceRevenueAmt |
| PY Investment Income | $7,588 | PYInvestmentIncomeAmt |
| CY Investment Income | $11,090 | CYInvestmentIncomeAmt |
| PY Other Revenue | $166,961 | PYOtherRevenueAmt |
| CY Other Revenue | $224,774 | CYOtherRevenueAmt |
| PY Total Revenue | $25,883,379 | PYTotalRevenueAmt |
| CY Total Revenue | $30,390,301 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $672,333 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,576,102 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $16,358,153 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $19,138,492 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,587,519 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,203,437 | PYOtherExpensesAmt |
| CY Other Expenses | $6,256,394 | CYOtherExpensesAmt |
| PY Total Expenses | $22,233,923 | PYTotalExpensesAmt |
| CY Total Expenses | $26,970,988 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,649,456 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,419,313 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $11,448,333 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,178,803 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,130,744 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,535,606 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $8,317,589 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $12,643,197 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Independence Mission Schools manages a network of 15 | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $22,932,958 | ExpenseAmt |
| Grant | $1,576,102 | GrantAmt |
| Revenue | $13,448,537 | RevenueAmt |
| Desc | JUNE OF 2016 MARKS THE END OF IMS' THIRD SCHOOL OPERATING YEAR. OUR NETWORK CONTINUED TO SHOW STRONG PROGRESS IN THE CRITICAL AREAS OF ENROLLMENT AND SCHOLARSHIP WITH A THIRD CONSECUTIVE YEAR OF GROWTH IN EACH. DEMAND FOR SEATS IN OUR SCHOLS IS STRONG - WE ARE STARTING TO EXPERIENCE WAITING LISTS IN SEVERAL PLACES ACROSS THE NETWORK. WE CONTINUE TO MAKE SIGNIFICANT INVESTMENTS IN PROGRAMMING TO DRIVE ACADEMIC OUTCOMES FOR OUR STUDENTS. | Desc |
| Total Program Service Expenses | $22,932,958 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (true) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (true) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 36 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 680 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 19 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 19 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANNE MCGOLDRICK | PersonNm |
| Phone | 6102005100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 640 Freedom Business Center Dr Suit | AddressLine1Txt |
| City | King of Prussia | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19406 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|
| BRIAN MCELWEE | ||||||||
| Chairman | 7.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JAMES BROUSSARD | ||||||||
| Board Member | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM CURTIS | ||||||||
| Board Member | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| LINDA DEJURE | ||||||||
| Board Member | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN DONNELLY | ||||||||
| Board Member | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL YOUNG | ||||||||
| Board Member | 7.00 | Yes (X) | $0 | $0 | $0 | |||
| DR MARY MCDONALD | ||||||||
| Board Member | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD NOURIE | ||||||||
| Board Member | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DANIEL PICKENS | ||||||||
| Board Member | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL RASHID | ||||||||
| Board Member | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MARC RICHMAN | ||||||||
| Board Member | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSEPH STAPLETON | ||||||||
| Secretary | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| GERARD SWEENEY | ||||||||
| Board Member | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN FIGGE | ||||||||
| Board Member | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| BISHOP MICHAEL FITZGERALD | ||||||||
| Board Member | 2 | Yes (X) | ||||||
| MICHAEL JACKSON | ||||||||
| Board Member | 2 | Yes (X) | ||||||
| BROTHER RICHARD KESTLER | ||||||||
| Board Member | 2 | Yes (X) | ||||||
| KEN PHELAN | ||||||||
| Board Member | 2 | Yes (X) | ||||||
| ANNE MCGOLDRICK | ||||||||
| President | 45 | $178,615 | $10,442 | Yes (X) | ||||
| LAURALEE HOWLEY | ||||||||
| Board Member | 2 | Yes (X) | ||||||
| ALDO CAVALLI | ||||||||
| Past President | 45 | $139,230 | Yes (X) | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $317,845 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $10,442 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $16,705,900 | AllOtherContributionsAmt |
| Total Contributions | $16,705,900 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt |
|---|---|---|
| Tuition | 611600 | $12,193,966 |
| Other School Income | 611600 | $1,254,571 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $13,448,537 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,090 | TotalRevenueColumnAmt |
| Exclusion | $11,090 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $482,959 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $258,185 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $224,774 | TotalRevenueColumnAmt |
| Exclusion | $224,774 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $30,390,301 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $13,448,537 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $235,864 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,576,102 | TotalAmt |
| Program Services | $1,576,102 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $178,615 | TotalAmt |
| Program Services | $150,683 | ProgramServicesAmt |
| Management And General | $18,747 | ManagementAndGeneralAmt |
| Fundraising | $9,185 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,067,746 | TotalAmt |
| Program Services | $13,555,013 | ProgramServicesAmt |
| Management And General | $1,686,488 | ManagementAndGeneralAmt |
| Fundraising | $826,245 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $403,925 | TotalAmt |
| Program Services | $340,758 | ProgramServicesAmt |
| Management And General | $42,396 | ManagementAndGeneralAmt |
| Fundraising | $20,771 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,333,724 | TotalAmt |
| Program Services | $1,125,151 | ProgramServicesAmt |
| Management And General | $139,989 | ManagementAndGeneralAmt |
| Fundraising | $68,584 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,154,482 | TotalAmt |
| Program Services | $973,940 | ProgramServicesAmt |
| Management And General | $121,176 | ManagementAndGeneralAmt |
| Fundraising | $59,366 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,548 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $16,548 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,650 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $55,650 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $680,387 | TotalAmt |
| Program Services | $573,986 | ProgramServicesAmt |
| Management And General | $71,414 | ManagementAndGeneralAmt |
| Fundraising | $34,987 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,755 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $38,755 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $792,403 | TotalAmt |
| Program Services | $668,484 | ProgramServicesAmt |
| Management And General | $83,172 | ManagementAndGeneralAmt |
| Fundraising | $40,747 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,742 | TotalAmt |
| Program Services | $112,742 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,347,010 | TotalAmt |
| Program Services | $1,136,360 | ProgramServicesAmt |
| Management And General | $141,383 | ManagementAndGeneralAmt |
| Fundraising | $69,267 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,214 | TotalAmt |
| Program Services | $71,045 | ProgramServicesAmt |
| Management And General | $8,839 | ManagementAndGeneralAmt |
| Fundraising | $4,330 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $128,575 | TotalAmt |
| Program Services | $108,468 | ProgramServicesAmt |
| Management And General | $13,495 | ManagementAndGeneralAmt |
| Fundraising | $6,612 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $487,936 | TotalAmt |
| Program Services | $411,631 | ProgramServicesAmt |
| Management And General | $51,214 | ManagementAndGeneralAmt |
| Fundraising | $25,091 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Development Expenses | $380,579 | $0 | $0 | $380,579 |
| School programs and activities | $190,450 | $190,450 | $0 | $0 |
| Partnership Fees | $645,998 | $645,998 | $0 | $0 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,295,147 | TotalAmt |
| Program Services | $1,292,147 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $3,000 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,970,988 | TotalAmt |
| Program Services | $22,932,958 | ProgramServicesAmt |
| Management And General | $2,450,511 | ManagementAndGeneralAmt |
| Fundraising | $1,587,519 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,142,829 | BOYAmt |
| EOY | $8,301,144 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,176,978 | BOYAmt |
| EOY | $3,426,851 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $304,014 | BOYAmt |
| EOY | $331,466 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $3,374,053 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $350,122 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,805,176 | BOYAmt |
| EOY | $3,023,931 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,424 | BOYAmt |
| EOY | $47,109 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,912 | BOYAmt |
| EOY | $48,302 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,448,333 | BOYAmt |
| EOY | $15,178,803 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,164,494 | BOYAmt |
| EOY | $1,596,769 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $11,337 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $966,250 | BOYAmt |
| EOY | $927,500 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,130,744 | BOYAmt |
| EOY | $2,535,606 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,318,776 | BOYAmt |
| EOY | $7,799,392 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,998,813 | BOYAmt |
| EOY | $4,843,805 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,317,589 | BOYAmt |
| EOY | $12,643,197 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,448,333 | BOYAmt |
| EOY | $15,178,803 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $3,419,313 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $906,295 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $232,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,493,674 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,472,329 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,400,340 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $16,705,900 | CurrentTaxYearAmt |
| Total | $45,304,243 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $232,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,493,674 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,472,329 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,400,340 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $16,705,900 | CurrentTaxYearAmt |
| Total | $45,304,243 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $4,123,525 | SubstantialContributorsTotAmt |
| Public Support Total170 | $41,180,718 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $40 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $84 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,801 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,588 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,090 | CurrentTaxYearAmt |
| Total | $24,603 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $45,328,846 | TotalSupportAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
| Public Support CY170 | 0 | PublicSupportCY170Pct |
| Public Support Total509 | $0 | PublicSupportTotal509Amt |
| Public Support CY509 | 0 | PublicSupportCY509Pct |
| Investment Income CY | 0 | InvestmentIncomeCYPct |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $199,891 | OtherCostOrOtherBasisAmt |
| Book Value | $199,891 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,012,855 | OtherCostOrOtherBasisAmt |
| Book Value | $2,012,855 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $693,544 | OtherCostOrOtherBasisAmt |
| Depreciation | $108,828 | DepreciationAmt |
| Book Value | $584,716 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $392,410 | OtherCostOrOtherBasisAmt |
| Depreciation | $172,296 | DepreciationAmt |
| Book Value | $220,114 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $75,353 | OtherCostOrOtherBasisAmt |
| Depreciation | $68,998 | DepreciationAmt |
| Book Value | $6,355 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $3,023,931 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $29,413,295 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | -$977,006 | OtherRevenueAmt |
| Revenue Not Reported | -$977,006 | RevenueNotReportedAmt |
| Revenue Subtotal | $30,390,301 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $30,390,301 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $25,993,982 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $25,993,982 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $977,006 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $977,006 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $26,970,988 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Pt XI, Line 2d | Financial aid of $1,576,102 is reported as an expense on the 990, but net of tuition income on the audit report. |
| Pt X, Line 2 | IMS adopted the accounting standard related to the recognition and measurement of uncertain tax positions. The adoption of this standard had no financial statement effect for IMS. |
| Pt XII, Line 4b | Financial aid of $1,576,102 is reported as an expense on the 990, but net of tuition income on the audit report. In-Kind textbooks of $599,096 are not reported on the 990 as they are reported on the audit report as both revenue and an expense. Financial aid less in-kind textbooks is $977,006. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Fundraising | Event1Nm |
| Gross Receipts Event1 | $482,958 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $482,958 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $258,186 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $482,958 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $482,958 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $258,186 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $258,186 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $224,772 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | TUITION DISCOUNTS | GrantTypeTxt |
| Recipient | 4336 | RecipientCnt |
| Non Cash Assistance | $1,576,102 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Non Cash Assistance | TUITION DISCOUNTS | NonCashAssistanceDesc |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|
| ANNE MCGOLDRICK | ||
| $178,615 | $10,442 | $189,057 |
| ALDO CAVALLI | ||
| $139,231 | $139,231 | |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| William Curtis - Porter Curtis | |||
| Board Member | $19,156 | Insurance | false |
| DR MARY MCDONALD | |||
| Board Member | $20,414 | Academic Consulting | false |
| Gerald Sweeney - Brandywine Realty | |||
| Board Member | $27,366 | Rent | false |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Noncash Contributions Rpt F990 | $599,096 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | market value | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Pt VI, Line 4 | Certain directors of IMS have business relationships among themselves in matters entirely unnrelated to IMS. |
| Other | The finance committee reviews and approves the 990, and recommends acceptance to the full board. A draft of the 990 is provided to all board members prior to filing. |
| Pt VI, Line 12c | Requiring annual disclosure of conflicts and review of new vendors and providers with existing disclosures. |
| Pt VI, Line 15a | The President was hired through a search firm which provided review and input on initial compensation at the date of hire. During the current fiscal year, the Board reviewed and approved compensation adjustments for the President and Chief Financial Officer. |
| Other | Changes from prior year's presentation have been made due to audit. |
| Pt XI | There were no activities at St. Martin de Porres School, LLC during the fiscal year ended June 30, 2015. St. Martin de Porres School, LLC received a transfer of assets of $906,295 on July 1, 2015 from the Friends of Saint Martin de Porres School, which prviously operated Saint Martin de Porres School. |
| Pt VI, Line 11b | The finance committee reviews and approves the 990, and the recommends acceptance to the full board. A draft of the 990 is provided to all board members prior to filing. |
| Form 990, Part IX, Line 24e | NDS/Lunch Expenses -1286. -1286. 0. 0. |
| Form 990, Part IX, Line 24e | Public Relations 3000. 0. 0. 3000. |
| Form 990, Part IX, Line 24e | School Transportation 43655. 43655. 0. 0. |
| Form 990, Part IX, Line 24e | Instructional Materials 449778. 449778. 0. 0. |
| Form 990, Part IX, Line 24e | Transfer to CSF 800000. 800000. 0. 0. |
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