INDEPENDENCE MISSION SCHOOLS: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- INDEPENDENCE MISSION SCHOOLS (EIN 45-4720688)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2015-05-12
- IRS object ID
- 201531329349303923
- Schema version
- 2013v4.0
- 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 E
- Schedule I
- Schedule J
- Schedule L
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-05-12T13:41:17-07:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | O'Connell & Company LLC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Ste 1100 165 Township Line Road | AddressLine1 |
| City | Jenkintown | City |
| State | PA | State |
| ZIP Code | 19046 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | 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 | BusinessNameLine1 |
| 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 | 555 Croton Road | AddressLine1 |
| City | King Of Prussia | City |
| State | PA | State |
| ZIP Code | 19406 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANNE MCGOLDRICK | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6102005100 | PhoneNum |
| Signature | 2015-05-06 | 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 | 2013 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Address PrincipalOfcrBusinessAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Anne McGoldrick | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 Croton Ave | AddressLine1 |
| City | King of Prussia | City |
| State | PA | State |
| ZIP Code | 19406 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $23,552,406 | 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 | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 474 | TotalEmployeeCnt |
| Total Volunteers | 100 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $1,493,674 | PYContributionsGrantsAmt |
| CY Contributions Grants | $7,718,742 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $15,482,062 | CYProgramServiceRevenueAmt |
| PY Investment Income | $84 | PYInvestmentIncomeAmt |
| CY Investment Income | $5,801 | CYInvestmentIncomeAmt |
| CY Other Revenue | $127,207 | CYOtherRevenueAmt |
| PY Total Revenue | $1,493,758 | PYTotalRevenueAmt |
| CY Total Revenue | $23,333,812 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $1,732,094 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $326,059 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $14,214,359 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $748,806 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $348,399 | PYOtherExpensesAmt |
| CY Other Expenses | $3,730,605 | CYOtherExpensesAmt |
| PY Total Expenses | $674,458 | PYTotalExpensesAmt |
| CY Total Expenses | $19,677,058 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $819,300 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,656,754 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,071,225 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,512,388 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $59,846 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,844,255 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,011,379 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $4,668,133 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Independence Mission Schools manages a network of 15 | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $16,864,946 | ExpenseAmt |
| Grant | $1,732,094 | GrantAmt |
| Revenue | $10,728,474 | RevenueAmt |
| Desc | IMS COMPLETED ITS FIRST FULL YEAR OF SCHOOL OPERATION IN JUNE 2014 WITH GREAT SUCCESS ACROSS SEVERAL KEY PROGRAM AREAS. IN SEPTEMBER 2013, IMS SCHOOLS OPENED THEIR DOORS TO MORE THAN 4,100 CHILDREN, AN INCREASE OF 7.5% OVER THE PRIOR YEAR'S ENROLLMENT AND MORE IMPORTANTLY, THE FIRST YEAR OF INCREASED ENROLLMENT IN THESE SCHOOLS FOLLOWING 7 YEARS OF DECLINE. THIS ENROLLMENT WAS IN RESPONSE TO SUCCESSFUL MARKETING OF THESE SCHOOLS IN THEIR NEIGHBORHOODS - MOST OF THE NEW ENROLLEES CAME TO IMS SCHOOLS FROM FAILING LOCAL PUBLIC SCHOOLS, REINFORCING OUR MISSION TO DELIVER A HIGH-QUALITY EDUCATION TO MANY MORE OF OUR CITY'S CHILDREN. WE EXPANDED THE POOL OF AVAILABLE SCHOLARSHIP FUNDS TO ENABLE THE SCHOOLS TO OFFER EXISTING AND NEW FAMILIES AN AFFORDABLE TUITION RATE WHILE SUSTAINING THE SCHOOL'S INCOME TO SUPPORT A FULL SLATE OF PROGRAMMING. THIS FIRST YEAR ALSO SAW SOME KEY INNOVATIONS IN ACADEMIC PROGRAMMING WITHIN IMS SCHOOLS - PROGRAMS SUCH AS SETON BLENDED LEARNING SAW OUR STUDENTS MAKING TREMENDOUS GAINS IN READING AND MATH MASTERY IN GRADES K-2 OVER THE COURSE OF ONE SCHOOL YEAR. WE WILL EXPAND THIS PROGRAM AND OTHERS LIKE IT IN THE COMING YEARS ACROSS OUR SCHOOLS. FINALLY, WE INSTITUTED AN EXPANDED PROGRAM OF PROFESSIONAL DEVELOPMENT FOR OUR TEACHING AND SCHOOL LEADERSHIP TEAMS, TO PROVIDE THEM THE TOOLS MOST NEEDED TO BE SUCCESSFUL IN THE CLASSROOM AND ACROSS THE SCHOOLS. WITH INCREASED ENROLLMENT, INCREASED FUNDING, AND EFFECTIVE LEADERSHIP ACROSS OUR SCHOOLS, WE ARE WELL-POISED TO TAKE OUR SCHOOLS FORWARD. | Desc |
| Total Program Service Expenses | $16,864,946 | 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 | Yes (true) | 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 | Yes (true) | 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 | false | 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 | false | 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 | 7 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 474 | 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 | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | 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 | 555 Croton Road | AddressLine1 |
| City | King of Prussia | City |
| State | PA | State |
| ZIP Code | 19406 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd |
|---|---|---|---|---|---|---|---|
| BRIAN MCELWEE | |||||||
| Chairman | 15.00 | 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 | 5.00 | Yes (X) | $18,000 | $0 | $0 | ||
| JOHN DONNELLY | |||||||
| Board Member | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL KRANCER | |||||||
| Board Member | 2.50 | Yes (X) | $0 | $0 | $0 | ||
| DR MARY MCDONALD | |||||||
| Board Member | 0.50 | Yes (X) | $13,500 | $0 | $0 | ||
| RICHARD NOURIE | |||||||
| Board Member | 4.50 | Yes (X) | $0 | $0 | $0 | ||
| BRUCE PEACOCK | |||||||
| Board Member | 2.50 | Yes (X) | $0 | $0 | $0 | ||
| DANIEL PICKENS | |||||||
| Board Member | 10.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL RASHID | |||||||
| Board Member | 2.50 | Yes (X) | $0 | $0 | $0 | ||
| MARC RICHMAN | |||||||
| Board Member | 7.00 | Yes (X) | $0 | $0 | $0 | ||
| JOSEPH STAPLETON | |||||||
| Board Member | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| RYAN TODD | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL YOUNG | |||||||
| Board Member | 9 | Yes (X) | |||||
| ALDO CAVALLI | |||||||
| President | 45 | $167,364 | $8,802 | Yes (X) | |||
| ANNE MCGOLDRICK | |||||||
| Chief Financial Officer | 45 | $124,693 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $323,557 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $8,802 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $7,718,742 | AllOtherContributionsAmt |
| Total Contributions | $7,718,742 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt |
|---|---|---|
| Tuition | 611600 | $9,605,235 |
| Other School Income | 611600 | $1,123,239 |
| External Scholarship Income | 611600 | $4,753,588 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $15,482,062 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,801 | TotalRevenueColumnAmt |
| Exclusion | $5,801 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $345,801 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $218,594 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $127,207 | TotalRevenueColumnAmt |
| Exclusion | $127,207 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $23,333,812 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $15,482,062 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $133,008 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,732,094 | TotalAmt |
| Program Services | $1,732,094 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $331,191 | TotalAmt |
| Program Services | $115,917 | ProgramServicesAmt |
| Management And General | $215,274 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,471,341 | TotalAmt |
| Program Services | $10,081,563 | ProgramServicesAmt |
| Management And General | $910,211 | ManagementAndGeneralAmt |
| Fundraising | $479,567 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $162,664 | TotalAmt |
| Program Services | $146,909 | ProgramServicesAmt |
| Management And General | $15,755 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,255,829 | TotalAmt |
| Program Services | $1,209,274 | ProgramServicesAmt |
| Management And General | $46,555 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $993,334 | TotalAmt |
| Program Services | $926,273 | ProgramServicesAmt |
| Management And General | $67,061 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,155 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $47,155 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,500 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $21,500 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $395,637 | TotalAmt |
| Program Services | $81,581 | ProgramServicesAmt |
| Management And General | $314,056 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $124,967 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $124,967 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $715,828 | TotalAmt |
| Program Services | $502,927 | ProgramServicesAmt |
| Management And General | $80,509 | ManagementAndGeneralAmt |
| Fundraising | $132,392 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,268,201 | TotalAmt |
| Program Services | $1,267,101 | ProgramServicesAmt |
| Management And General | $1,100 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,698 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $4,698 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,372 | TotalAmt |
| Program Services | $13,316 | ProgramServicesAmt |
| Management And General | $22,056 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $456,743 | TotalAmt |
| Program Services | $184,035 | ProgramServicesAmt |
| Management And General | $272,708 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Website | $23,668 | $0 | $11,788 | $11,880 |
| School programs and activities | $335,271 | $333,122 | $2,149 | $0 |
| Busing | $47,890 | $47,890 | $0 | $0 |
| Professional Development | $61,729 | $45,745 | $15,984 | $0 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $191,946 | TotalAmt |
| Program Services | $177,199 | ProgramServicesAmt |
| Management And General | $14,747 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,677,058 | TotalAmt |
| Program Services | $16,864,946 | ProgramServicesAmt |
| Management And General | $2,063,306 | ManagementAndGeneralAmt |
| Fundraising | $748,806 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $546,925 | BOYAmt |
| EOY | $2,770,661 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,000 | BOYAmt |
| EOY | $1,226,038 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,000 | BOYAmt |
| EOY | $106,994 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $450,250 | BOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,649,570 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $13,633 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,635,937 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $26,362 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,050 | BOYAmt |
| EOY | $1,746,396 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,071,225 | BOYAmt |
| EOY | $7,512,388 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,846 | BOYAmt |
| EOY | $1,789,505 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,054,750 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,846 | BOYAmt |
| EOY | $2,844,255 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $185,679 | BOYAmt |
| EOY | $1,683,567 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $825,700 | BOYAmt |
| EOY | $2,984,566 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,011,379 | BOYAmt |
| EOY | $4,668,133 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,071,225 | BOYAmt |
| EOY | $7,512,388 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $3,656,754 | ReconcilationRevenueExpnssAmt |
| 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) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
| Public Support Total170 | $0 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY170 | 0 | PublicSupportCY170Pct |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $232,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,493,674 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $12,472,329 | CurrentTaxYearAmt |
| Total | $14,198,003 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $10,728,474 | CurrentTaxYearAmt |
| Total | $10,728,474 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $232,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,493,674 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $23,200,803 | CurrentTaxYearAmt |
| Total | $24,926,477 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $24,926,477 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $40 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $84 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,801 | CurrentTaxYearAmt |
| Total | $5,925 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $40 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $84 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,801 | CurrentTaxYearAmt |
| Total | $5,925 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,932,402 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| First5 Years509 | Yes (X) | First5Years509Ind |
| 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 | $1,247,010 | OtherCostOrOtherBasisAmt |
| Book Value | $1,247,010 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $155,282 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,756 | DepreciationAmt |
| Book Value | $148,526 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $47,387 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,877 | DepreciationAmt |
| Book Value | $40,510 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,635,937 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| FUNDS HELD BY OTHERS | $1,684,566 |
| PREPAID EXPENSES | $61,830 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $1,746,396 | TotalBookValueOtherAssetsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $21,601,717 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | -$1,732,094 | OtherRevenueAmt |
| Revenue Not Reported | -$1,732,094 | RevenueNotReportedAmt |
| Revenue Subtotal | $23,333,811 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $23,333,811 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $17,944,963 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $17,944,963 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,732,094 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,732,094 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $19,677,057 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 XI Line 2d | Financial aid of $1,732,094 |
| Pt XII Line 4b | Financial aid of $1,732,094 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | false | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Line 3 | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH THEIR WEBSITE AND THIRD PARTY NEWSPAPERS. | ExplanationTxt |
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 | 974 | RecipientCnt |
| Non Cash Assistance | $1,732,094 | 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 | Bonus Filing OrganizationBonusFilingOrganizationAmount | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|
| ALDO CAVALLI | |||
| $157,364 | $10,000 | $8,802 | $176,166 |
| ANNE MCGOLDRICK | |||
| $117,193 | $7,500 | $124,693 | |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| William Curtis - Porter Curtis | |||
| Board Member | $4,365 | Insurance | false |
| DR MARY MCDONALD | |||
| Board Member | $13,500 | Academic Consulting | false |
| LINDA DEJURE | |||
| Board Member | $18,000 | Business Consulting | false |
| Joe Stapleton-Montgomery McCracken Walker & Rhoads LLP | |||
| Board Member | Legal Services | false | |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (14 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Pt VI, Line 2 | Certain directors of IMS have business relationship among |
| Pt VI, Line 2 | themselves in matters entirely unnrelated to IMS. |
| Pt VI, Line 11b | The finance committee reviews and approves the 990, and |
| Pt VI, Line 11b | recommends acceptance to the full board. A draft of the 990 is |
| Pt VI, Line 11b | provided to all board members prior to filing. |
| Pt VI, Line 15a | The President was hired through a search firm which provided |
| Pt VI, Line 15a | review and input on initial compensation at the date of hire. |
| Pt VI, Line 15a | During the current fiscal year, the Board reviewed and approved compensation |
| Pt VI, Line 15a | adjustments for the President and Chief Financial Officer. |
| Pt VI, Line 12c | Requiring annual disclosure of conflicts and review of |
| Pt VI, Line 12c | new vendors and providers with existing disclosures. |
| Pt VI, Line 19 | The organization's governing documents, conflict of interest policy, |
| Pt VI, Line 19 | and financial statements are available upon request. |
| Form 990, Part IX, Line 24f | EQUIPMENT 191946. 177199. 14747. 0. |
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