2026-03-18T10:06:14-05:00 2025-06-30 471352305 O'CONNELL & COMPANY LLC 240 GIBRALTAR ROAD SUITE 260 HORSHAM PA 19044 990 2024-07-01 454720688 INDEPENDENCE MISSION SCHOOLS INDE 6102005100 1012 W THOMPSON STREET PHILADELPHIA PA 19122 GIANNA D'ANGELO PRESIDENT AND CEO 6102005100 2026-03-18 1 1 TERENCE M O'CONNELL CPA P01436232 2158874425 2026-03-18 2024 2025-03-06 01:10:19Z GIANNA D'ANGELO 1012 W THOMPSON STREET PHILADELPHIA PA 19122 36563303 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 18 580 70 0 0 23290432 27133278 9792800 9187661 573106 33473 442939 156103 34099277 36510515 1644209 1217721 0 0 24724819 24464382 0 262792 1351472 8331622 7807094 34700650 33751989 -601373 2758526 52246831 57585952 4653669 4942434 47593162 52643518 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 29988796 1217721 9217361 INDEPENDENCE MISSIONS SCHOOLS FIERCELY BELIEVES IN THELIFE-CHANGINGIMPACT OF CATHOLIC SCHOOL EDUCATION. THE SY24-25 WILL MARK THE 13TH YEAR FOR IMS AS AN INDEPENDENT NONPROFIT OPERATING 14 PHILADELPHIA-AREA NEIGHBORHOOD CATHOLIC SCHOOLS COMMITTED TO STUDENTACHIEVEMENT AND GROWTH. BY CREATING HIGH-ACHIEVING, SAFE AND LOVING LEARNING ENVIRONMENTS, IMS CONTINUES TO OUTPERFORM NATIONAL AND HIGH-POVERTY LEARNING GROWTH STATISTICSIN BOTH ENGLISH LANGUAGE ARTS AND MATH. WE CONTINUE TO TRACK TOWARD THEGOALS AS OUTLINED IN THE STRATEGIC PLAN. WE PREPAREOUR STUDENTSFOR SUCCESS IN HIGH SCHOOL, COLLEGE, AND LIFE.DONORS CONTINUE TO SHOW THEIR SUPPORT AS WE ENTER THE FINAL 6 MONTHS OF THE CAPITAL CAMPAIGN IN SUPPORT OF THE STRATEGIC PLAN. 29988796 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 60 0 580 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 BILL CURTIS BOARD MEMBER 0.38 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 2.31 X 0 0 0 DANIEL PICKENS BOARD MEMBER 0.23 X 0 0 0 MICHAEL PIOTROWICZ BOARD MEMBER 2.31 X 0 0 0 MARC S RICHMAN BOARD MEMBER 0.69 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 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 0.77 X 0 0 0 JAMES GARVEY BOARD MEMBER 0.46 X 0 0 0 ANTHONY CELLUCCI BOARD MEMBER 1.38 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 LORIE HOWLEY EMERITUS DIRECTOR 0.00 X 0 0 0 BERNIE MCCABE BOARD MEMBER 0.23 X 0 0 0 ROD HENKELS BOARD MEMBER 0.46 X 0 0 0 MARTIN HELDRING BOARD MEMBER 0.69 X 0 0 0 SEAN FLYNN BOARD MEMBER 0.46 X 0 0 0 GIANNA D'ANGELO PRESIDENT AND CEO 40.00 X 300200 0 21804 JILL VALUNAS CHIEF OF SCHOOLS 40.00 X 219359 0 17600 ELIZABETH ALFONSI CHIEF OF STAFF 40.00 X 182492 0 15902 ERIN WOOLEY CHIEF ADVANCEMENT OFFICER 40.00 X 187492 0 6677 BRIAN KENNETH MORTON DEP. CHIEF OF SCHOOL 40.00 X 126594 0 17397 1016137 0 79380 12 0 1 0 P AND A REMODELING LLC 5147 OAKLAND STREET PHILADELPHIA PA 19124 CONSTRUCTION 146430 NJ JANITORIAL & FACILITIES SERVICES 23 MADISON AVENUE BERLIN NJ 08009 JANITORIAL SERVICES 130680 2 27133278 798727 27133278 TUITION 611600 8582105 8582105 OTHER SCHOOL INCOME 611600 605556 605556 9187661 33473 33473 179191 52788 126403 126403 RENT 900099 29700 29700 29700 36510515 9217361 0 159876 1217721 1217721 955185 828993 88036 38156 19481584 16849568 1799521 832495 377611 347402 30209 2036130 1873816 162314 1613872 1401877 162483 49512 41940 41940 67500 26325 41175 262792 262792 148608 114428 32694 1486 159443 159443 845547 840051 5496 51958 51958 822025 822025 426642 417013 7407 2222 SUPPLIES, ACTIVITIES, A 2329460 2278291 51169 REPAIRS AND MAINTENANCE 1758646 1758646 TUITION MANAGEMENT FEES 638335 638335 TECHNOLOGY 157244 154393 2851 359746 326014 28366 5366 33751989 29988796 2411721 1351472 473033 436765 2004023 2620868 2926505 4178246 422257 75988 17171429 6936813 10576818 10234616 182171 207949 35662024 39831520 52246831 57585952 2769618 3113856 1914 30892 1882137 1797686 4653669 4942434 X 22975879 25013651 24617283 27629867 47593162 52643518 52246831 57585952 2758526 2291830 0 X 0 1 X 1 0 X 21572407 25889105 36533790 23290432 27133278 134419012 21572407 25889105 36533790 23290432 27133278 134419012 134419012 8585 5638 5622 573106 33473 626424 73971 164362 149777 204763 179191 772064 135817500 51525789 0.98970 0.98850 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 73,971. 2021 AMOUNT: $ 164,362. 2022 AMOUNT: $ 149,777. 2023 AMOUNT: $ 204,763. 2024 AMOUNT: $ 179,191. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7794684 1000000 879316 300000 9374000 6193214 1000000 751478 150008 7794684 50000 6000000 193214 50000 6193214 50000 50000 0 0 224051 224051 8413626 1727241 6686385 4904153 1795928 3108225 3480487 3336271 144216 149112 77373 71739 10234616 PREPAID EXPENSES 1091672 BENEFICIAL INTEREST IN ASSETS OF OTH 3018855 FUNDS HELD BY OTHERS 35720993 39831520 X 37584624 2291830 -1217721 1074109 36510515 0 36510515 32534268 0 32534268 1217721 1217721 33751989 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 -1,217,721. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,217,721. X X X X X X X 1 GIVECAMPUS 99 M ST SE 233 WASHINGTON DC 20003 FUNDRAISING 0 0 0 0 SCHOOL FUNDRAISIER 133276 133276 32914 SPECIAL EVENTS 45915 45915 19874 179191 179191 52788 52788 126403 1 FINANCIAL AID 3418 1217721 FMV FINANCIAL AID 0 0 0 0 0 0 0 0 0 GIANNA D'ANGELO PRESIDENT AND CEO 300200 0 0 0 0 0 0 0 21804 0 322004 0 0 0 JILL VALUNAS CHIEF OF SCHOOLS 219359 0 0 0 0 0 0 0 17600 0 236959 0 0 0 ELIZABETH ALFONSI CHIEF OF STAFF 182492 0 0 0 0 0 0 0 15902 0 198394 0 0 0 ERIN WOOLEY CHIEF ADVANCEMENT OFFICER 187492 0 0 0 0 0 0 0 6677 0 194169 0 0 0 A UPPER DARBY INDUSTRIAL DEVELOPMENT 2016-12-28 2485000 CONSTRUCTION PROJECT 0 0 0 A 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 50990 INSURANCE 0 BEACON INSURANCE BOARD MEMBER 534153 INSURANCE 0 VALLEY FORGE INVESTMENT CO BOARD CHAIR 27358 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 650285 FMV X 148442 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.