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Nonprofiteer
← INDEPENDENCE MISSION SCHOOLS

Form 990 for tax year 2022

Filed by INDEPENDENCE MISSION SCHOOLS.

Totals

Total revenue
$46,876,562
Total expenses
$32,985,292
Contributions and grants received
$36,533,790
Grants paid
$920,615
Program service revenue
$9,942,846
Investment income
$5,622
Other revenue
$394,304
Total assets, end of year
$51,632,215
Total liabilities, end of year
$5,334,301
Net assets or fund balances, end of year
$46,297,914
Program services expenses (Part IX)
$28,686,012
Management and general expenses
$2,991,713
Fundraising expenses
$1,307,567
Program service expenses (Part III)
$28,686,012

Program services were 87.0% 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.

  • 1e · Government grants (contributions)

    $8,074,205

  • 1f · All other contributions, gifts and grants

    $28,459,585

  • 1g · Noncash contributions included above

    $667,342

  • 2a · Program service revenue: TUITION

    total $9,086,345 · related or exempt $9,086,345

  • 2b · Program service revenue: OTHER SCHOOL INCOME

    total $856,501 · related or exempt $856,501

  • 3 · Investment income

    total $5,622 · excluded $5,622

  • 8a · Fundraising events: gross income

    $149,777

  • 8b · Fundraising events: direct expenses

    $59,033

  • 8c · Net income from fundraising events

    total $90,744 · excluded $90,744

  • 11a · Other revenue: RISK ASSESSMENT INCOME

    total $275,000 · related or exempt $275,000

  • 11b · Other revenue: RENT

    total $28,560 · related or exempt $28,560

  • 11e · Other revenue, total

    $303,560

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $920,615 · program services $920,615

  • 5 · Compensation of officers, directors and key employees

    total $695,265 · program services $355,026 · management and general $170,973 · fundraising $169,266

  • 7 · Other salaries and wages

    total $19,079,237 · program services $16,692,603 · management and general $1,817,571 · fundraising $569,063

  • 8 · Pension plan contributions

    total $374,966 · program services $318,721 · management and general $48,746 · fundraising $7,499

  • 9 · Other employee benefits

    total $1,635,059 · program services $1,456,262 · management and general $162,983 · fundraising $15,814

  • 10 · Payroll taxes

    total $1,649,737 · program services $1,479,399 · management and general $156,067 · fundraising $14,271

  • 11b · Fees: legal

    total $47,334 · management and general $47,334

  • 11c · Fees: accounting

    total $55,000 · management and general $55,000

  • 11e · Fees: professional fundraising services

    total $26,200 · fundraising $26,200

  • 11g · Fees: other

    total $143,227 · program services $42,968 · management and general $50,130 · fundraising $50,129

  • 12 · Advertising and promotion

    total $165,546 · program services $372 · management and general $372 · fundraising $164,802

  • 14 · Information technology

    total $191,929 · program services $168,064 · management and general $23,865

  • 16 · Occupancy

    total $877,913 · program services $862,981 · management and general $14,932

  • 20 · Interest

    total $63,704 · management and general $63,704

  • 22 · Depreciation, depletion and amortization

    total $1,205,779 · program services $1,205,779

  • 23 · Insurance

    total $381,241 · program services $330,212 · management and general $50,387 · fundraising $642

  • 24a · Other expenses: SUPPLIES/ACTIVITIES/EQUIP

    total $2,743,423 · program services $2,318,141 · management and general $135,401 · fundraising $289,881

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $1,639,393 · program services $1,639,393

  • 24c · Other expenses: TUITION MANAGEMENT FEES

    total $310,433 · program services $310,433

  • 24d · Other expenses: RISK ASSESSMENT

    total $302,246 · program services $275,044 · management and general $27,202

  • 24e · All other expenses

    total $477,045 · program services $309,999 · management and general $167,046

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,350,600 · end of year $821,138

  • 2 · Savings and temporary cash investments

    beginning of year $6,955,586 · end of year $2,912,581

  • 3 · Pledges and grants receivable

    beginning of year $14,907,150 · end of year $10,129,643

  • 4 · Accounts receivable

    beginning of year $302,530 · end of year $517,723

  • 10a · Land, buildings and equipment: cost or other basis

    $15,666,743

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,134,168

  • 10c · Land, buildings and equipment, net

    beginning of year $9,795,893 · end of year $10,532,575

  • 11 · Investments: publicly traded securities

    beginning of year $171,664 · end of year $214,977

  • 15 · Other assets

    beginning of year $2,708,522 · end of year $26,503,578

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,369,402 · end of year $3,353,210

  • 19 · Deferred revenue

    beginning of year $5,331 · end of year $16,926

  • 20 · Tax-exempt bond liabilities

    beginning of year $2,044,113 · end of year $1,964,165

  • 24 · Unsecured notes and loans payable

    beginning of year $2,000,000

  • 25 · Other liabilities

    beginning of year $15,000

  • 27 · Net assets without donor restrictions

    beginning of year $15,986,410 · end of year $23,135,225

  • 28 · Net assets with donor restrictions

    beginning of year $15,771,689 · end of year $23,162,689

Mission and programs · 2022

Mission

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.

  • IMS IS ENTERING ITS 10TH YEAR OF OPERATION AND IS MIDWAY THROUGH THE SECOND YEAR OF THE STRATEGIC PLAN. THE POST-PANDEMIC RECOVERY IS UNDERWAY AS INDICATED BY STABILIZED ENROLLMENT MEASURED BY RETENTION OF RETURNING STUDENTS AS WELL AS NET NEW STUDENTS. IMS CONTINUES TO OUTPERFORM BOTH NATIONAL AND HIGH-POVERTY LEARNING GROWTH STATISTICS IN BOTH ENGLISH LANGUAGE ARTS AND MATH. THESE RESULTS SUPPORT OUR STRATEGIC PLAN GOAL OF IMPROVING STUDENT ACADEMIC OUTCOMES. IN ADDITION, DONORS CONTINUE TO PROVIDE POSITIVE SUPPORT OF THE IMS STRATEGIC PLAN.

    Expenses $28,686,012 · Grants $920,615 · Revenue $9,942,846

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRUCE ROBINSON

    CEO AND PRES

    Total calculated
    $299,206
    From this org
    $275,554
    From related orgs
    $0
    Other
    $23,652
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,554
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $23,652
    Filer's total
    $299,206

  • GIANNA D'ANGELO

    COO AND CFO

    Total calculated
    $256,287
    From this org
    $255,000
    From related orgs
    $0
    Other
    $1,287
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $1,287
    Filer's total
    $256,287

  • JILL VALUNAS

    CHIEF OF SCH

    Total calculated
    $199,574
    From this org
    $193,846
    From related orgs
    $0
    Other
    $5,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,846
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $5,728
    Filer's total
    $199,574

  • MICHELLE BROWN

    CHIEF DEVEL.

    Total calculated
    $161,314
    From this org
    $145,754
    From related orgs
    $0
    Other
    $15,560
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,754
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $15,560
    Filer's total
    $161,314

  • BRIAN KENNETH MORTON

    DEP. CHIEF O

    Total calculated
    $137,955
    From this org
    $121,216
    From related orgs
    $0
    Other
    $16,739
    Hours/week
    40

  • COURTNEY LEMON-TATE

    DIR SCHOOL L

    Total calculated
    $109,560
    From this org
    $109,560
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • PATRICK BOYDEN

    DEPUTY COO

    Total calculated
    $103,654
    From this org
    $103,654
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • DANIEL TAHANEY

    CHIEF ACAD.

    Total calculated
    $101,500
    From this org
    $101,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • CYNTHIA ARCHER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • ANTHONY CELLUCCI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.4

  • BILL CURTIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.7

  • FR STEVE DELACY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • SR KAREN C DIETRICH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • TOM DOUGHERTY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • HAROLD EARLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • JOHN FIGGE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • BISHOP MICHAEL J FITZGERALD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • KATHLEEN FRIEL

    TREASURER

    Total calculated
    $0
    Hours/week
    3.7

  • DAVID P HARDY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • LORIE HOWLEY

    EMERITUS DIR

    Total calculated
    $0
    Hours/week
    0.1

  • MICHAEL S JACKSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.7

  • SEAN-TAMBA MATTHEW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • BRIAN MCELWEE

    CHAIR

    Total calculated
    $0
    Hours/week
    4.3

  • MARIS A OGG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.4 + 0.6 related

  • KEN PHELAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.4 + 0.4 related

  • DANIEL PICKENS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.7

  • MICHAEL PIOTROWICZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2.3 + 0.4 related

  • MARC S RICHMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.2

  • JOSEPH T STAPLETON

    SECRETARY

    Total calculated
    $0
    Hours/week
    3.9 + 1.9 related

  • MICHAEL STEPHANO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • GERARD H SWEENEY

    EMERITUS DIR

    Total calculated
    $0
    Hours/week
    0.1

  • MICHAEL F YOUNG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.4

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
29 February 2024
IRS schema version
2022v5.0
Source object
202400609349300410

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