2025-01-29T12:02:04-06:00 2024-06-30 471352305 O'CONNELL & COMPANY LLC 240 GIBRALTAR ROAD SUITE 260 HORSHAM PA 19044 990 2023-07-01 454720688 INDEPENDENCE MISSION SCHOOLS INDE 6102005100 1012 W THOMPSON STREET PHILADELPHIA PA 19122 GIANNA D'ANGELO PRESIDENT AND CEO 6102005100 2025-01-29 1 1 TERENCE M O'CONNELL CPA P01436232 2158874425 2025-01-29 2023 2025-03-06 01:10:19Z GIANNA D'ANGELO 1012 W THOMPSON STREET PHILADELPHIA PA 19122 34171021 0 X WWW.INDEPENDENCEMISSIONSCHOOLS.ORG X 2012 PA INDEPENDENCE MISSION SCHOOLS MANAGES A NETWORK OF CATHOLIC ELEMENTARY SCHOOLS THROUGH A CENTRAL OFFICE LOCATION WHICH PROVIDES SUPPORT TO ALL OF THE SCHOOLS. THE MISSION OF IMS IS TO PROVIDE SUSTAINABLE, AFFORDABLE, HIGH-QUALITY CATHOLIC EDUCATION TO NEARLY 4,000 CHILDREN OF ALL FAITHS IN UNDERSERVED URBAN NEIGHBORHOODS THROUGH A NEW MODEL OF GOVERNANCE, FUNDING, AND ACCOUNTABILITY FOR THE MEMBER SCHOOLS. 21 18 594 70 0 0 36533790 23290432 9942846 9792800 5622 573106 394304 442939 46876562 34099277 920615 1644209 0 0 23434264 24724819 26200 0 1144517 8604213 8331622 32985292 34700650 13891270 -601373 51632215 52246831 5334301 4653669 46297914 47593162 X INDEPENDENCE MISSION SCHOOLS MANAGES A NETWORK OF CATHOLIC ELEMENTARY SCHOOLS THROUGH A CENTRAL OFFICE LOCATION WHICH PROVIDES SUPPORT TO ALL OF THE SCHOOLS. THE MISSION OF IMS IS TO PROVIDE SUSTAINABLE, AFFORDABLE, HIGH-QUALITY CATHOLIC EDUCATION TO NEARLY 4,000 CHILDREN OF ALL FAITHS IN UNDERSERVED URBAN NEIGHBORHOODS THROUGH A NEW MODEL OF GOVERNANCE, FUNDING, AND ACCOUNTABILITY FOR THE MEMBER SCHOOLS. 0 0 31068726 1644209 10102720 INDEPENDENCE MISSIONS SCHOOLS FIERCELY BELIEVES IN THE LIFE-CHANGING IMPACT OF CATHOLIC SCHOOL EDUCATION. THE SY24-25 WILL MARK THE 12TH YEAR FOR IMS AS AN INDEPENDENT NONPROFIT OPERATING 14 PHILADELPHIA-AREA NEIGHBORHOOD CATHOLIC SCHOOLS COMMITTED TO STUDENT ACHIEVEMENT AND GROWTH. BY CREATING HIGH-ACHIEVING, SAFE, AND LOVING LEARNING ENVIRONMENTS, IMS CONTINUES TO OUTPERFORM NATIONAL AND HIGH-POVERTY LEARNING GROWTH STATISTICS IN BOTH ENGLISH LANGUAGE ARTS AND MATH. WE CONTINUE TO TRACK TOWARD THE GOALS AS OUTLINED IN THE STRATEGIC PLAN. WE PREPARE OUR STUDENTS FOR SUCCESS IN HIGH SCHOOL, COLLEGE, AND LIFE. DONORS CONTINUE TO SHOW THEIR SUPPORT AS WE ENTER THE FINAL 18 MONTHS OF THE CAPITAL CAMPAIGN IN SUPPORT OF THE STRATEGIC PLAN. 31068726 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 88 0 594 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 18 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 PA X GIANNA D' ANGELO 6102005100 C/O 1012 W THOMPSON STREET PHILADELPHIA PA 19122 BRIAN MCELWEE CHAIR 4.33 X X 0 0 0 KEN PHELAN VICE CHAIR 1.38 X X 0 0 0 JOSEPH T STAPLETON SECRETARY 3.92 X X 0 0 0 KATHLEEN FRIEL TREASURER 3.69 X X 0 0 0 ANTHONY CELLUCCI BOARD MEMBER 1.38 X 0 0 0 BILL CURTIS BOARD MEMBER 0.69 X 0 0 0 JOHN FIGGE BOARD MEMBER 0.23 X 0 0 0 DAVID P HARDY BOARD MEMBER 0.23 X 0 0 0 MARIS A OGG BOARD MEMBER 1.38 X 0 0 0 DANIEL PICKENS BOARD MEMBER 0.69 X 0 0 0 MICHAEL PIOTROWICZ BOARD MEMBER 2.31 X 0 0 0 MARC S RICHMAN BOARD MEMBER 1.15 X 0 0 0 SR KAREN C DIETRICH BOARD MEMBER 0.23 X 0 0 0 SEAN-TAMBA MATTHEW BOARD MEMBER 0.23 X 0 0 0 MICHAEL STEPHANO BOARD MEMBER 0.23 X 0 0 0 TOM DOUGHERTY BOARD MEMBER 0.23 X 0 0 0 CYNTHIA ARCHER BOARD MEMBER 0.23 X 0 0 0 MICHAEL F YOUNG BOARD MEMBER 1.38 X 0 0 0 FR STEVE DELACY BOARD MEMBER 0.23 X 0 0 0 HAROLD EARLEY BOARD MEMBER 0.23 X 0 0 0 JAMES GARVEY BOARD MEMBER 0.46 X 0 0 0 LORIE HOWLEY EMERITUS DIRECTOR 0.00 X 0 0 0 GERALD H SWEENEY EMERITUS DIRECTOR 0.00 X 0 0 0 RICHARD NOURIE EMERITUS DIRECTOR 0.00 X 0 0 0 BRUCE ROBINSON PAST PRESIDENT 40.00 X 206138 0 20033 GIANNA D'ANGELO PRESIDENT AND CEO 40.00 X 276469 0 11734 JILL VALUNAS CHIEF OF SCHOOLS 40.00 X 212908 0 7387 BRIAN KENNETH MORTON DEP. CHIEF OF SCHOOL 40.00 X 122981 0 17018 PATRICK BOYDEN DEPUTY COO 40.00 X 114106 0 13437 932602 0 69609 12 0 1 0 P AND A REMODELING LLC 5147 OAKLAND STREET PHILADELPHIA PA 19124 REMODELING CONSTRUCTION SERVICES 118490 RENEE PRIMICH 8 AUSTIN ROAD YARDLEY PA 19067 CONSULTING SERVICES 100215 23 23290432 1076013 23290432 TUITION 611600 9249581 9249581 OTHER SCHOOL INCOME 611600 543219 543219 9792800 573106 573106 204763 71744 133019 133019 RISK ASSESSMENT INCOME 900099 275000 275000 RENT 900099 34920 34920 309920 34099277 10102720 0 706125 1644209 1644209 877058 768972 80563 27523 19701688 17239802 1813697 648189 413148 375965 37183 2070130 1905914 164216 1662795 1443003 168094 51698 37960 36442 1518 61000 23790 37210 195205 150308 42945 1952 189969 13234 3227 173508 750067 746422 3645 54388 54388 980619 980619 412524 403604 6862 2058 SUPPLIES, ACTIVITIESS, 2642261 2376731 36221 229309 REPAIRS AND MAINTENANCE 1441170 1441170 TUITION MANAGEMENT FEES 533284 533284 RISK ASSESSMENT EXPENSE 285799 285799 747376 699458 37638 10280 34700650 31068726 2487407 1144517 821138 473033 2912581 2004023 10129643 2926505 517723 422257 16691608 6114790 10532575 10576818 214977 182171 26503578 35662024 51632215 52246831 3353210 2769618 16926 1914 1964165 1882137 5334301 4653669 X 23135225 22975879 23162689 24617283 46297914 47593162 51632215 52246831 -601373 1896621 0 X 0 1 X 1 0 X 17464694 21572407 25889105 36533790 23290432 124750428 17464694 21572407 25889105 36533790 23290432 124750428 124750428 9476 8585 5638 5622 573106 602427 261616 73971 164362 149777 204763 854489 126207344 53801012 0.98850 0.99110 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 261,616. 2020 AMOUNT: $ 73,971. 2021 AMOUNT: $ 164,362. 2022 AMOUNT: $ 149,777. 2023 AMOUNT: $ 204,763. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6193214 1000000 751478 150008 7794684 50000 6000000 193214 50000 6193214 50000 50000 1.00000 0 0 224051 224051 8126862 1422301 6704561 4604110 1400284 3203826 3448927 3214832 234095 287658 77373 210285 10576818 PREPAID EXPENSES 718918 BENEFICIAL INTEREST IN ASSETS OF OTH 2810325 FUNDS HELD BY OTHERS 32132781 35662024 X 34351689 1896621 -1644209 252412 34099277 0 34099277 33056441 0 33056441 1644209 1644209 34700650 PART V, LINE 4: TO FUND SCHOLARSHIPS. PART X, LINE 2: IMS IS EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. IMS HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. IMS HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -1,644,209. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,644,209. X X X X X X X 1 GIVECAMPUS 99 M ST SE 233 WASHINGTON DC 20003 FUNDRAISING 0 0 0 0 SCHOOL FUNDRAISIER 118571 118571 39606 SPECIAL EVENTS 86192 86192 32138 204763 204763 71744 71744 133019 1 FINANCIAL AID 3418 1644209 FMV FINANCIAL AID 0 0 0 0 0 0 0 0 0 GIANNA D'ANGELO PRESIDENT AND CEO 276469 0 0 0 0 0 0 0 11734 0 288203 0 0 0 BRUCE ROBINSON PAST PRESIDENT 206138 0 0 0 0 0 0 0 20033 0 226171 0 0 0 JILL VALUNAS CHIEF OF SCHOOLS 212908 0 0 0 0 0 0 0 7387 0 220295 0 0 0 A UPPER DARBY INDUSTRIAL DEVELOPMENT 2016-12-28 2485000 CONSTRUCTION PROJECT 0 0 0 A 100701 2485000 44711 2440289 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 PORTER & CURTIS BOARD MEMBER 480046 INSURANCE 0 BEACON INSURANCE BOARD MEMBER 455633 INSURANCE 0 VALLEY FORGE INVESTMENT CO BOARD CHAIR 91124 ACCOUNTING SERVICES 0 PART V- ADDITIONAL INFORMATION WILLIAM CURTIS, BOARD MEMBER, IS AN OWNER OF PORTER & CURTIS LLC WHERE HE SERVES AS INDEPENDENCE MISSION SCHOOLS' INSURANCE BROKER. ANTHONY CELLUCCI, BOARD MEMBER, IS EMPLOYED BY BEACON INSURANCE GROUP WHERE HE SERVES AS INDEPENDENCE MISSION SCHOOLS' INSURANCE BROKER. BRIAN MCELWEE, BOARD CHAIR, IS AN OWNER OF VALLEY FORGE INVESTMENT CORPORATION. VALLEY FORGE INVESTMENT CORPORATION PROVIDES ACCOUNTING SERVICES, AT COST, TO INDEPENDENCE MISSION SCHOOLS. X 634795 FMV X 92 441218 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 KATHY FRIEL (TREASURER) AND BRIAN MCELWEE (BOARD PRESIDENT) HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS THE 990 AND RECOMMENDS TO THE BOARD OF DIRECTORS THAT IT BE APPROVED. A DRAFT OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES OFFICERS, DIRECTORS, AND KEY EMPLOYEES TO ANNUALLY DISCLOSE ANY CONFLICTS AND REVIEWS NEW VENDORS AND PROVIDERS WITH EXISTING DISLOSURES. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD REVIEWS AND APPROVES COMPENSATION ADJUSTMENTS FOR THE PRESIDENT AND THE CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.