2017-01-13T06:07:48-08:00 2016-06-30 O'Connell & Company LLC Ste 1100 165 Township Line Road Jenkintown PA 19046 990 2015-07-01 454720688 Philadelphia Independent Mission Schools PHIL 6102005100 640 Freedom Business Center Dr King Of Prussia PA 19406 ANNE MCGOLDRICK PRESIDENT 6102005100 2017-01-04 true TERENCE M O'CONNELL 2158874425 2015 2021-01-29 14:40:06Z Anne McGoldrick 500 North Gulph Road Suite 110 King of Prussia PA 19406 30648486 false X www.independencemissionschools.org X 2012 PA 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. 19 19 680 100 0 14400340 16705900 11308490 13448537 7588 11090 166961 224774 25883379 30390301 672333 1576102 0 16358153 19138492 0 1587519 5203437 6256394 22233923 26970988 3649456 3419313 11448333 15178803 3130744 2535606 8317589 12643197 Independence Mission Schools manages a network of 15 false false 22932958 1576102 13448537 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. 22932958 true true false false false false false false false false true false false false false true true false false false false false false false true false false false true true false false false false false true false true true false false false false false false false false true 36 0 true 680 true false false false false false false false false false false X 19 19 false false false false false false false true true false false true true true true true false true false false PA X X X ANNE MCGOLDRICK 6102005100 640 Freedom Business Center Dr Suit King of Prussia PA 19406 BRIAN MCELWEE Chairman 7.00 X X 0 0 0 JAMES BROUSSARD Board Member 2.00 X 0 0 0 WILLIAM CURTIS Board Member 2.00 X 0 0 0 LINDA DEJURE Board Member 2.00 X 0 0 0 JOHN DONNELLY Board Member 7.00 X 0 0 0 MICHAEL YOUNG Board Member 7.00 X 0 0 0 DR MARY MCDONALD Board Member 2.00 X 0 0 0 RICHARD NOURIE Board Member 2.00 X 0 0 0 DANIEL PICKENS Board Member 2.00 X 0 0 0 MICHAEL RASHID Board Member 2.00 X 0 0 0 MARC RICHMAN Board Member 2.00 X 0 0 0 JOSEPH STAPLETON Secretary 2.00 X X 0 0 0 GERARD SWEENEY Board Member 2.00 X 0 0 0 JOHN FIGGE Board Member 2.00 X 0 0 0 BISHOP MICHAEL FITZGERALD Board Member 2 X MICHAEL JACKSON Board Member 2 X BROTHER RICHARD KESTLER Board Member 2 X KEN PHELAN Board Member 2 X ANNE MCGOLDRICK President 45 X 178615 10442 LAURALEE HOWLEY Board Member 2 X ALDO CAVALLI Past President 45 X 139230 317845 10442 2 true true false 16705900 16705900 Tuition 611600 12193966 Other School Income 611600 1254571 13448537 11090 11090 482959 258185 224774 224774 30390301 13448537 235864 1576102 1576102 178615 150683 18747 9185 16067746 13555013 1686488 826245 403925 340758 42396 20771 1333724 1125151 139989 68584 1154482 973940 121176 59366 16548 0 16548 0 55650 0 55650 0 680387 573986 71414 34987 38755 0 0 38755 792403 668484 83172 40747 112742 112742 0 0 1347010 1136360 141383 69267 84214 71045 8839 4330 128575 108468 13495 6612 487936 411631 51214 25091 Development Expenses 380579 0 0 380579 School programs and activities 190450 190450 0 0 Partnership Fees 645998 645998 0 0 1295147 1292147 0 3000 26970988 22932958 2450511 1587519 4142829 8301144 5176978 3426851 304014 331466 3374053 350122 1805176 3023931 17424 47109 1912 48302 11448333 15178803 2164494 1596769 11337 966250 927500 3130744 2535606 X 2318776 7799392 5998813 4843805 8317589 12643197 11448333 15178803 X 3419313 906295 X false true X true false X 232000 1493674 12472329 14400340 16705900 45304243 232000 1493674 12472329 14400340 16705900 45304243 4123525 41180718 40 84 5801 7588 11090 24603 45328846 X 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 199891 199891 2012855 2012855 693544 108828 584716 392410 172296 220114 75353 68998 6355 3023931 X 29413295 -977006 -977006 30390301 30390301 25993982 25993982 977006 977006 26970988 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. Fundraising 482958 482958 258186 482958 482958 258186 258186 224772 true TUITION DISCOUNTS 4336 1576102 FMV TUITION DISCOUNTS false false false false false false false false false ANNE MCGOLDRICK 178615 10442 189057 ALDO CAVALLI 139231 139231 William Curtis - Porter Curtis Board Member 19156 Insurance false DR MARY MCDONALD Board Member 20414 Academic Consulting false Gerald Sweeney - Brandywine Realty Board Member 27366 Rent false 599096 market value false true false 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.