Form 990 for tax year 2023
Filed by SCHOOL DISTRICT OF INDEPENDENCE FOUNDATION INC.
Totals
- Total revenue
- $541,529
- Total expenses
- $458,700
- Contributions and grants received
- $259,306
- Grants paid
- $368,887
- Program service revenue
- $0
- Investment income
- $275,087
- Other revenue
- $7,136
- Total assets, end of year
- $5,147,997
- Total liabilities, end of year
- $93,119
- Net assets or fund balances, end of year
- $5,054,878
- Program services expenses (Part IX)
- $393,220
- Management and general expenses
- $51,750
- Fundraising expenses
- $13,730
- Program service expenses (Part III)
- $393,220
Program services were 85.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$98,295
-
1f · All other contributions, gifts and grants
$161,011
-
1g · Noncash contributions included above
$21,975
-
3 · Investment income
total $169,835 · excluded $169,835
-
7a · Gross sales of assets other than inventory
securities $931,232
-
7b · Less cost or other basis and sales expenses
securities $825,980
-
7c · Gain or loss
securities $105,252
-
7d · Net gain or loss
total $105,252 · excluded $105,252
-
8a · Fundraising events: gross income
$105,093
-
8a · Fundraising events: contributions included on line 1c
$98,295
-
8b · Fundraising events: direct expenses
$97,957
-
8c · Net income from fundraising events
total $7,136 · excluded $7,136
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $92,042 · program services $92,042
-
2 · Grants to domestic individuals
total $276,845 · program services $276,845
-
11f · Fees: investment management
total $32,566 · management and general $32,566
-
11g · Fees: other
total $8,740 · fundraising $8,740
-
12 · Advertising and promotion
total $474 · management and general $474
-
13 · Office expenses
total $12,224 · program services $1,284 · management and general $6,081 · fundraising $4,859
-
14 · Information technology
total $6,926 · management and general $6,926
-
22 · Depreciation, depletion and amortization
total $1,249 · management and general $1,249
-
23 · Insurance
total $1,169 · management and general $1,169
-
24a · Other expenses: PROGRAM SUPPLIES
total $22,439 · program services $22,439
-
24e · All other expenses
total $4,026 · program services $610 · management and general $3,285 · fundraising $131
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $169,296 · end of year $120,148
-
3 · Pledges and grants receivable
beginning of year $9,000 · end of year $3,000
-
10a · Land, buildings and equipment: cost or other basis
$4,993
-
10b · Land, buildings and equipment: accumulated depreciation
$4,369
-
10c · Land, buildings and equipment, net
beginning of year $1,873 · end of year $624
-
11 · Investments: publicly traded securities
beginning of year $4,526,150 · end of year $5,024,225
-
17 · Accounts payable and accrued expenses
beginning of year $139,823 · end of year $93,119
-
27 · Net assets without donor restrictions
beginning of year $1,998,179 · end of year $2,502,510
-
28 · Net assets with donor restrictions
beginning of year $2,568,317 · end of year $2,552,368
Mission and programs · 2023
Mission
TO STRENGTHEN THE SCHOOLS AND COMMUNITY BY EXPANDING EDUCATIONAL OPPORTUNITIES AND COMMUNITY ENGAGEMENT, ENHANCING LEARNING ENVIRONMENTS, AND PROVIDING NEED-BASED FUNDING AND SERVICES FOR OUR STUDENTS AND FAMILIES.
-
SCHOLARSHIP ADMINISTRATION - ADMINISTERED APPROXIMATELY 100 SCHOLARSHIP FUNDS. AWARDED OVER 52 SCHOLARSHIPS RANGING FROM 100 TO 5,000 TO INDEPENDENCE SCHOOL DISTRICT STUDENTS OUT OF OVER 113 SCHOLARSHIP FUNDS. AWARDED OVER 290 DUAL CREDIT SCHOLARSHIPS (HIGH SCHOOL AND COLLEGE CREDIT) TO INDEPENDENCE SCHOOL DISTRICT STUDENTS.
Expenses $245,661 · Grants $245,661
-
DISTRICT SUPPORT - PROVIDED GRANTS AND PAYMENTS TO THE INDEPENDENCE SCHOOL DISTRICT FOR PROGRAM SUPPORT INCLUDING NEW TEACHER GRANTS, CLASSROOM GRANTS, PROGRAM SUPPLIES AND ASSISTANCE TO INDIVIDUALS.
Expenses $92,042 · Grants $92,042
-
COMMUNITY OUTREACH - PROVIDED ASSISTANCE TO OVER 880 STUDENTS AND FAMILIES IN NEED INCLUDING ASSISTANCE WITH UTILITIES, TRANSPORTATION, EYEGLASSES, HOUSEHOLD AND PERSONAL CARE ITEMS,FOOD, DOCUMENT ASSISTANCE, AND HOLIDAY GIFT CARDS.
Expenses $55,517 · Grants $55,517
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Brianna BolgerBRIANNA BOLGER
EXECUTIVE DI
- Total calculated
- $78,820
- From this org
- $0
- From related orgs
- $61,973
- Other
- $16,847
- Hours/week
- 40
-
Chuck DonaldsonCHUCK DONALDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Carrie DixonCARRIE DIXON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Barbara AllinderBARBARA ALLINDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Greg FinkeGREG FINKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Janet GibbsJANET GIBBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Cathy PollardCATHY POLLARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Dale HerlDR DALE HERL
DIR. SUPERIN
- Total calculated
- $0
- Hours/week
- 2
-
Ann FranklinANN FRANKLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Colin McClainCOLIN MCCLAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Randy MaglingerDR RANDY MAGLINGER
SECRETARY/TR
- Total calculated
- $0
- Hours/week
- 0.5
-
Lori RossLORI ROSS
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 0.5
-
Jim SchultzJIM SCHULTZ
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
INDEPENDENCE SCHOOL DISTRICT
$73,413
CLASSROOM GRANTS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 26 June 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511779349301711
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