2016-05-13T10:51:27-07:00 2015-06-30 O'Connell & Company LLC Ste 1100 165 Township Line Road Jenkintown PA 19046 990 2014-07-01 454720688 Philadelphia Independent Mission Schools PHIL 6102005100 500 North Gulph Road King Of Prussia PA 19406 ANNE MCGOLDRICK PRESIDENT 6102005100 2016-05-11 true GEORGE R O'CONNELL 2158874425 2016-05-13 2014 2016-08-17 19:52:53Z X Anne McGoldrick 500 North Gulph Road Suite 110 King of Prussia PA 19406 26099302 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. 20 20 638 100 0 9684242 14400340 13516562 11308490 5801 7588 127207 166961 23333812 25883379 1732094 672333 0 14214359 16358153 0 959465 3730605 5203437 19677058 22233923 3656754 3649456 7512388 11448333 2844255 3130744 4668133 8317589 Independence Mission Schools manages a network of 15 false false 18889490 672333 11308490 IMS COMPLETED ITS SECOND FULL YEAR OF SCHOOL OPERATION IN JUNE 2015 WITH GREAT SUCCESS ACROSS SEVERAL KEY PROGRAM AREAS. IN SEPTEMBER 2014, IMS SCHOOLS OPENED THEIR DOORS TO MORE THAN 4,600 CHILDREN, AN INCREASE OF 20% OVER THE PRIOR YEAR. IN CONJUNCTION WITH THIS ENROLLMENT GROWTH, WE EXPANDED THE POOL OF AVAILABLE SCHOLARSHIP FUNDS BY 60% FROM $4.5 MILLION TO $7.3 MILLION TO ENABLE THE SCHOOLS TO OFFER NEW AND EXISTING FAMILIES AFFORDABLE ACCESS TO HIGH-QUALITY EDUCATION FOR THEIR CHILDREN, WHILE SUSTAINING THE SCHOOL'S INCOME TO SUPPORT A FULL SLATE OF PROGRAMMING. AS IMS EMERGES FROM OUR START-UP PHASE WE HAVE BEGUN TO BUILD A STRONG FOUNDATION THAT WILL SUPPORT OUR SCHOOL NETWORK WELL INTO THE FUTURE. THIS PLAN INCLUDES IMPLEMENTING THE EXPANSION OF ACADEMIC PROGRAMS, SUCH AS THE SETON BLENDED LEARNING PROGRAM AT THE DEPAUL CATHOLIC SCHOOL UP TO GRADE 5, ROLLING OUT A GROUNDBREAKING SUMMER LEARNING PROGRAM ACROSS SIX SCHOOLS WITH SPRINGBOARD COLLABORATIVE, AND A STRATEGIC INTERVENTION PLAN DURING THE SCHOOL YEAR TO HELP STUDENTS CATCH UP TO GRADE LEVEL BENCHMARKS. IMS CONTINUES TO INFUSE EACH SCHOOL WITH INNOVATIVE PROGRAMMING CHOSEN TO MEET THE UNIQURE NEEDS OF THE STUDENT POPULATION AND SET THEM ON THE PATH TO FUTURE SUCCESS. 18889490 true true false false false false false false false false true false false true false true true false false false false false false false false false false false true true false false false false false true false true true false false false false false false false false true 32 0 true 638 true false false false false false false false false false false X 20 20 true false true false false false false true true false false true true true true true false true false false PA X X X ANNE MCGOLDRICK 6102005100 500 North Gulph Road Suite 110 King of Prussia PA 19406 BRIAN MCELWEE Chairman 2.00 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 2.00 X 0 0 0 MICHAEL YOUNG Board Member 2.00 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 Board Member 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 MICHAEL KRANCER Board Member 2 X BRUCE PEACOCK Board Member 2 X ALDO CAVALLI Past President 45 X 210000 18039 ANNE MCGOLDRICK President 45 X 145000 7840 355000 25879 2 true true false 14400340 514119 14400340 Tuition 611600 10027380 Other School Income 611600 1281110 11308490 7588 7588 382884 215923 166961 166961 25883379 11308490 174549 672333 672333 476326 273249 160000 43077 12940973 11692169 967985 280819 347262 313751 25975 7536 1696641 1532915 126909 36817 896951 810395 67092 19464 23854 0 23854 0 33500 0 33500 0 553635 334264 177041 42330 31840 0 0 31840 614724 371147 196576 47001 47679 47679 0 0 1358464 820190 434408 103866 135277 81675 43259 10343 55804 33692 17845 4267 345361 208516 110439 26406 Development Expenses 302043 0 0 302043 School programs and activities 296255 296255 0 0 Partnership Fees 589527 589527 0 0 Textbooks 514119 514119 0 0 301355 297614 85 3656 22233923 18889490 2384968 959465 2770661 4142829 2910604 5176978 106994 304014 1896351 91175 1635937 1805176 26362 17424 61830 1912 7512388 11448333 1789505 2164494 1054750 966250 2844255 3130744 X 1683567 2318776 2984566 5998813 4668133 8317589 7512388 11448333 3649456 X false true X true false X 232000 1493674 12472329 14400340 28598343 232000 1493674 12472329 14400340 28598343 28598343 40 84 5801 7588 13513 28611856 X 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 199891 199891 1301564 1301564 259471 21411 238060 65031 24637 40394 70394 45127 25267 1805176 PREPAID EXPENSES 1912 1912 X 25211046 -672333 -672333 25883379 25883379 21561590 21561590 672333 672333 22233923 Pt XI, Line 2d Financial aid of $672,333 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 $672,333 is reported as an expense on the 990, but net of tuition income on the audit report. true TUITION DISCOUNTS 3062 672333 FMV TUITION DISCOUNTS false false false false false false false false false ALDO CAVALLI 210000 18039 228039 ANNE MCGOLDRICK 145000 7840 152840 William Curtis - Porter Curtis Board Member 21838 Insurance false DR MARY MCDONALD Board Member 18000 Academic Consulting false Gerald Sweeney - Brandywine Realty Board Member 6785 Rent false X 514119 market value false true false Pt VI, Line 2 Certain directors of IMS have business relationships among themselves in matters entirely unnrelated to IMS. 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. 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 VI, Line 4 Changes have been made to the bylaws regarding the Board of Directors in Article III, the meetings of the Directors in Article IV, the Officers in Article V, and the conflit of interest policy in Article VII. See attached. Form 990, Part IX, Line 24f NDS/LUNCH EXPENSES 266. 161. 85. 20. PUBLIC RELATIONS 3636. 3636. BUSING 42193. 42193. INSTRUCTIONAL MATERIALS 255260. 255260.