2015-05-12T13:41:17-07:00 2014-06-30 O'Connell & Company LLC Ste 1100 165 Township Line Road Jenkintown PA 19046 990 2013-07-01 454720688 Philadelphia Independent Mission Schools PHIL 6102005100 555 Croton Road King Of Prussia PA 19406 ANNE MCGOLDRICK PRESIDENT 6102005100 2015-05-06 true TERENCE M O'CONNELL 2158874425 2013 2016-03-07 17:11:31Z Anne McGoldrick 555 Croton Ave King of Prussia PA 19406 23552406 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. 15 15 474 100 0 1493674 7718742 15482062 84 5801 127207 1493758 23333812 1732094 0 326059 14214359 0 748806 348399 3730605 674458 19677058 819300 3656754 1071225 7512388 59846 2844255 1011379 4668133 Independence Mission Schools manages a network of 15 false false 16864946 1732094 10728474 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. 16864946 true true false false false false false false false false true false false true false true true false true false false false false false false false false false true true false false false false false true false true false false false false false false false false false true 7 0 true 474 true false false false false false false false false false false X 15 15 true 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 555 Croton Road King of Prussia PA 19406 BRIAN MCELWEE Chairman 15.00 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 5.00 X 18000 0 0 JOHN DONNELLY Board Member 5.00 X 0 0 0 MICHAEL KRANCER Board Member 2.50 X 0 0 0 DR MARY MCDONALD Board Member 0.50 X 13500 0 0 RICHARD NOURIE Board Member 4.50 X 0 0 0 BRUCE PEACOCK Board Member 2.50 X 0 0 0 DANIEL PICKENS Board Member 10.00 X 0 0 0 MICHAEL RASHID Board Member 2.50 X 0 0 0 MARC RICHMAN Board Member 7.00 X 0 0 0 JOSEPH STAPLETON Board Member 10.00 X X 0 0 0 RYAN TODD Board Member 1.00 X 0 0 0 MICHAEL YOUNG Board Member 9 X ALDO CAVALLI President 45 X 167364 8802 ANNE MCGOLDRICK Chief Financial Officer 45 X 124693 323557 8802 2 false true false 7718742 7718742 Tuition 611600 9605235 Other School Income 611600 1123239 External Scholarship Income 611600 4753588 15482062 5801 5801 345801 218594 127207 127207 23333812 15482062 133008 1732094 1732094 331191 115917 215274 0 11471341 10081563 910211 479567 162664 146909 15755 0 1255829 1209274 46555 0 993334 926273 67061 0 47155 0 47155 0 21500 0 21500 0 395637 81581 314056 0 124967 0 0 124967 715828 502927 80509 132392 1268201 1267101 1100 0 4698 0 4698 0 35372 13316 22056 0 456743 184035 272708 0 Website 23668 0 11788 11880 School programs and activities 335271 333122 2149 0 Busing 47890 47890 0 0 Professional Development 61729 45745 15984 0 191946 177199 14747 0 19677058 16864946 2063306 748806 546925 2770661 35000 1226038 14000 106994 450250 1649570 13633 1635937 26362 25050 1746396 1071225 7512388 59846 1789505 1054750 59846 2844255 X 185679 1683567 825700 2984566 1011379 4668133 1071225 7512388 3656754 X false true X true false X 0 0 0 232000 1493674 12472329 14198003 10728474 10728474 232000 1493674 23200803 24926477 24926477 40 84 5801 5925 40 84 5801 5925 24932402 X 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 199891 199891 1247010 1247010 155282 6756 148526 47387 6877 40510 1635937 FUNDS HELD BY OTHERS 1684566 PREPAID EXPENSES 61830 1746396 X 21601717 -1732094 -1732094 23333811 23333811 17944963 17944963 1732094 1732094 19677057 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 true true true true true true true false false false false false false false false false false true Line 3 THE ORGANIZATION PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH THEIR WEBSITE AND THIRD PARTY NEWSPAPERS. true TUITION DISCOUNTS 974 1732094 FMV TUITION DISCOUNTS false false false false false false false false false ALDO CAVALLI 157364 10000 8802 176166 ANNE MCGOLDRICK 117193 7500 124693 William Curtis - Porter Curtis Board Member 4365 Insurance false DR MARY MCDONALD Board Member 13500 Academic Consulting false LINDA DEJURE Board Member 18000 Business Consulting false Joe Stapleton-Montgomery McCracken Walker & Rhoads LLP Board Member Legal Services false 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.