Civic Intelligence

Independence Charter School

990 • Fiscal year 2015 • EIN 23-3060261

Jul 01, 2014 to Jun 30, 2015 • Filed on May 12, 2016

Organization ProfileWWW.INDEPENDENCECHARTER.ORG
1600 Lombard StreetPhiladelphia, PA 19146

(215) 238-8000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

1.85x

Higher debt load relative to assets than 98% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

86th percentile

1.67x

Higher debt load relative to revenue than 86% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

22nd percentile

-5.9%

Higher net margin than 22% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

65th percentile

$154,054

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

85th percentile

21%

Faster asset growth than 85% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

27th percentile

-5.2%

Faster revenue growth than 27% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$8,507,905

Up $1,497,270 (+21%) from 2014

Net Assets

Down

-$7,255,988

Down $12,919,556 (-228%) from 2014

Liabilities

Up

$15,763,893

Up $14,416,826 (+1070%) from 2014

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin22nd percentile

Revenue

Down

$9,460,197

Down $517,579 (-5.2%) from 2014

Expenses

Up

$10,021,114

Up $558,613 (+5.9%) from 2014

Net Income

Down

-$560,917

Down $1,076,192 (-209%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$20M$0-$20MAssets 2010: $4,105,122Liabilities 2010: $1,342,031Net Assets 2010: $2,763,0912010Assets 2011: $4,895,715Liabilities 2011: $1,227,735Net Assets 2011: $3,667,9802011Assets 2012: $6,059,119Liabilities 2012: $1,385,845Net Assets 2012: $4,673,2742012Assets 2013: $6,419,654Liabilities 2013: $1,271,361Net Assets 2013: $5,148,2932013Assets 2014: $7,010,635Liabilities 2014: $1,347,067Net Assets 2014: $5,663,5682014Assets 2015: $8,507,905Liabilities 2015: $15,763,893Net Assets 2015: -$7,255,9882015Assets 2016: $8,232,928Liabilities 2016: $15,836,917Net Assets 2016: -$7,603,9892016Assets 2017: $9,468,842Liabilities 2017: $17,340,547Net Assets 2017: -$7,871,7052017Assets 2018: $9,149,621Liabilities 2018: $17,129,376Net Assets 2018: -$7,979,7552018Assets 2019: $9,526,474Liabilities 2019: $16,068,965Net Assets 2019: -$6,542,4912019Assets 2020: $10,340,204Liabilities 2020: $15,165,639Net Assets 2020: -$4,825,4352020Assets 2021: $12,377,005Liabilities 2021: $15,512,686Net Assets 2021: -$3,135,6812021Assets 2022: $31,381,164Liabilities 2022: $35,305,695Net Assets 2022: -$3,924,5312022Assets 2023: $28,894,334Liabilities 2023: $34,402,871Net Assets 2023: -$5,508,5372023Assets 2024: $26,558,298Liabilities 2024: $33,736,051Net Assets 2024: -$7,177,7532024

Highlighted filing

2015

Assets$8,507,905
Liabilities$15,763,893
Net Assets-$7,255,988
Open 2015 Filing

Operations Trend

Revenue Growth27th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $7,763,5242010Expenses 2011: $9,051,7432011Expenses 2012: $8,866,9082012Revenue 2013: $9,507,784Expenses 2013: $9,032,765Net Income 2013: $475,0192013Revenue 2014: $9,977,776Expenses 2014: $9,462,501Net Income 2014: $515,2752014Revenue 2015: $9,460,197Expenses 2015: $10,021,114Net Income 2015: -$560,9172015Revenue 2016: $9,812,032Expenses 2016: $10,160,033Net Income 2016: -$348,0012016Revenue 2017: $10,254,610Expenses 2017: $10,522,326Net Income 2017: -$267,7162017Revenue 2018: $11,171,239Expenses 2018: $10,659,289Net Income 2018: $511,9502018Revenue 2019: $12,778,304Expenses 2019: $11,341,044Net Income 2019: $1,437,2602019Revenue 2020: $13,362,863Expenses 2020: $11,645,806Net Income 2020: $1,717,0572020Revenue 2021: $14,425,850Expenses 2021: $12,821,782Net Income 2021: $1,604,0682021Revenue 2022: $15,900,595Expenses 2022: $16,689,445Net Income 2022: -$788,8502022Revenue 2023: $17,137,299Expenses 2023: $18,721,305Net Income 2023: -$1,584,0062023Revenue 2024: $18,954,882Expenses 2024: $20,624,098Net Income 2024: -$1,669,2162024

Highlighted filing

2015

Revenue$9,460,197
Expenses$10,021,114
Net Income-$560,917
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 12, 2016
Return Version
2014v6.0
Gross Receipts
$9,460,197
Mission and Program Overview

Mission

The primary mission of independence charter school is to provide an intellectually stimulating curriculum with an international focus, emphasizing the arts, languages, ideas, and histories, from an array of cultures from around the world. To meet its goals, the school draws heavily on the resources available in philadelphia - the museums, historic landmarks, businesses, schools, parks, and communities, and families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,618,165$6,096,045▲ $477,880
Pledges and Grants Receivable$554,950$450,095▼ $104,855
Cash and Non-Interest-Bearing Accounts$729,071$238,244▼ $490,827
Prepaid Expenses and Deferred Charges$12,805$80,356▲ $67,551
Land, Buildings, and Equipment, Net$15,881$21,370▲ $5,489
Accounts Receivable$79,763$2,617▼ $77,146
Total Assets$7,010,635$8,507,905▲ $1,497,270
Other Assets Total$0$1,619,178▲ $1,619,178
Liabilities
Other Liabilities$1,171,560$15,561,083▲ $14,389,523
Accounts Payable and Accrued Expenses$119,622$136,912▲ $17,290
Deferred Revenue$55,885$65,898▲ $10,013
Total Liabilities$1,347,067$15,763,893▲ $14,416,826
Net Assets / Fund Balance
Unrestricted Net Assets$5,663,568$-7,255,988▼ $12,919,556
Total Net Assets Fund Balance$5,663,568$-7,255,988▼ $12,919,556
Total Liabilities and Net Assets / Fund Balance$7,010,635$8,507,905▲ $1,497,270

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$16,870$305,440-
Leasehold Improvements$4,500$1,413,059-
Other Assets Org$1,584,287--
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas ScheidCEOFT$126,898$27,156$154,054

Board Members and Trustees

NameTitle
Gloria ShabazzPresident
Mike BarsantiVice President
Tre JohnsonVice President
Barbara DundonExecutive Director
Brigitte DanielTrustee
Clairborne TaylorTrustee
Dana TwymanTrustee
Elsie SternTrustee
George AwadTrustee
Greg TurlingtonTrustee
Krista PfeifferTrustee
Rashida AndrewsTrustee
Rebecca ClotheyTrustee
Sheila SimmonsTrustee
Susan GreenbergSecretary
John EagenTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
AetnaInsurancePO BOX 804735, Chicago, IL 60680$775,972
Linton's Managed ServicesProfessional Services4 SENTRY PARKWAY EAST SUITE 100, Blue Bell, PA 19420$319,720
Pts INCPediatric Therapeutic Services525 FAYETTE STREET, Conshohocken, PA 19428$123,413
Therapy Source INCSpecial Education5215 MILITIA ROAD SUITE A, Plymouth Meeting, PA 19462$107,107
Santilli & Thomson LLCBusiness ServicesFOUR GREENTREE CENTRE 601 ROUTE 73, Marlton, NJ 08053$101,155
Revenue and Support

Revenue Composition

Contributions and Grants
$1,420,288
Program Service Revenue
$8,009,045
Investment Income
$2,968
Other Revenue
$27,896
All Other Contributions
$433,561
Change in Net Assets
$-560,917

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,460,197
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,460,197
Total Revenue per Form 990
$9,460,197
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,860,247
Other Expenses$3,160,867
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,284,352$854,317-$4,138,669
Occupancy$1,320,602$178,681-$1,499,283
Pension Plan Contributions$1,048,097$318,045-$1,366,142
Other Employee Benefits$644,936$179,313-$824,249
Fees for Services Other$173,411$318,990-$492,401
Payroll Taxes$307,549$87,263-$394,812
Office Expenses$116,477$96,568-$213,045
Current Officers, Directors, Trustees, and Key Employees-$136,375-$136,375
Insurance$22,044$76,813-$98,857
Travel$47,900$18,726-$66,626
Other Expenses$112,650$42,189-$42,189
All Other Expenses-$39,521-$39,521
Fees for Services Legal-$32,970-$32,970
Fees for Services Accounting-$19,947-$19,947
Depreciation Depletion$9,667$108-$9,775
Advertising-$2,081-$2,081
Total Functional Expenses$7,588,796$2,432,318$0$10,021,114

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,021,114
Total Expenses per Audited Statements$10,021,114
Total Expenses per Form 990$10,021,114
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,183
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$13,497,000
Deferred Inflows Related to Pensions$965,000
Accrued Salaries and Benefits$927,444
Deferred Rent$151,921
Due to Student Groups$19,718
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Paid preparer presents the irs form 990 to the board of trustees and walks them through the form and asks that they review the form in detail prior to signing and filing.”

Form 990, Part VI, Section B, Line 12C

“Organization reviews statements of financial interest that are filed by each board member on an annual basis for potential conflicts.”

Form 990, Part VI, Section B, Line 15

“Organization has a committee on the board who reviews and evaluates the compensation of all employees. Form 990, part vi, section c, line 19: the organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. The school's audit and finance committee reviews the audited financial statement prior to it being finalized to ensure it is complete and free of errors.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. The school's audit and finance committee reviews the audited financial statement prior to it being finalized to ensure it is complete and free of errors.”

Filing and Contact Details

Filer

Filer Name
Independence Charter School
EIN
23-3060261
Phone
2152388000
Address
1600 LOMBARD STREET, PHILADELPHIA, PA 19146

Signing Officer

Name
Thomas Scheid
Title
CEO
Phone
2152388000
Signed
2016-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Scheid
Formed
2001
Legal Domicile
Pa
Voting Board Members
16
Independent Board Members
16
Employees
163
Volunteers
269

Preparer

Firm
St Clair Cpas Pc
Address
28 S CENTRE STREET, MERCHANTVILLE, NJ 08109
Preparer
William P St Clair CPA
Phone
8564825600
Supplemental Narrative

Additional Explanations

Form 990 Part XI Line 8

“The school implemented gasb statements no. 68 and no. 71 whiched changed the accounting for pensions by recording the school's portion of the net pension liability and deferred inflows and deferred outflows related to pensions. As a result a prior period adjustment was required for the beginning net pension liability and deferred outflows for the school's contributions made in the prior years.”

FORM 990, PART XII, LINE 2C:

“No changes in process from prior year.”

Financial Statement Notes

PART X, LINE 2:

“The school accounts for uncertainty in income taxes in which tax positions initially need to be recognized in the financial statements when it is more likely than not that the tax positions will be sustained upon examination by the taxing authorities. As of june 30, 2015, the school had no uncertain tax positions that qualified for either recognition or disclosure in the financial statements. Additionally, there were no interest and penalties related to income taxes. The school files federal form 990 (return of organization exempt from tax). With few exceptions they are no longer subject to federal and state tax examinations by taxing authorities for years before fiscal year ended june 30, 2012.”

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IRS990/ActivityOrMissionDesc0THE PRIMARY MISSION OF INDEPENDENCE CHARTER SCHOOL IS TO PROVIDE AN INTELLECTUALLY STIMULATING CURRICULUM WITH AN INTERNATIONAL FOCUS, EMPHASIZING THE ARTS, LANGUAGES, IDEAS, AND HISTORIES, FROM AN ARRAY OF CULTURES FROM AROUND THE WORLD. TO MEET ITS GOALS, THE SCHOOL DRAWS HEAVILY ON THE RESOURCES AVAILABLE IN PHILADELPHIA - THE MUSEUMS, HISTORIC LANDMARKS, BUSINESSES, SCHOOLS, PARKS, AND COMMUNITIES, AND FAMILIES.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1527156
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/PersonNm0RASHIDA ANDREWS
IRS990/Form990PartVIISectionAGrp/PersonNm1GEORGE AWAD
IRS990/Form990PartVIISectionAGrp/PersonNm2MIKE BARSANTI
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN EAGEN
IRS990/Form990PartVIISectionAGrp/PersonNm4DANA TWYMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5KRISTA PFEIFFER
IRS990/Form990PartVIISectionAGrp/PersonNm6CLAIRBORNE TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm7SHEILA SIMMONS
IRS990/Form990PartVIISectionAGrp/PersonNm8ELSIE STERN
IRS990/Form990PartVIISectionAGrp/PersonNm9REBECCA CLOTHEY
IRS990/Form990PartVIISectionAGrp/PersonNm10BRIGITTE DANIEL
IRS990/Form990PartVIISectionAGrp/PersonNm11BARBARA DUNDON
IRS990/Form990PartVIISectionAGrp/PersonNm12GLORIA SHABAZZ
IRS990/Form990PartVIISectionAGrp/PersonNm13TRE JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm14GREG TURLINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm15THOMAS SCHEID
IRS990/Form990PartVIISectionAGrp/PersonNm16SUSAN GREENBERG
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15126898
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt01183
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GovernmentGrantsAmt0986727
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt09460197
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt076813
IRS990/InsuranceGrp/ProgramServicesAmt022044
IRS990/InsuranceGrp/TotalAmt098857
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt02968
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02968
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt031
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01718499
IRS990/LandBldgEquipBasisNetGrp/BOYAmt015881
IRS990/LandBldgEquipBasisNetGrp/EOYAmt021370
IRS990/LandBldgEquipCostOrOtherBssAmt01739869
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PRIMARY MISSION OF INDEPENDENCE CHARTER SCHOOL IS TO PROVIDE AN INTELLECTUALLY STIMULATING CURRICULUM WITH AN INTERNATIONAL FOCUS, EMPHASIZING THE ARTS, LANGUAGES, IDEAS, AND HISTORIES, FROM AN ARRAY OF CULTURES FROM AROUND THE WORLD. TO MEET ITS GOALS, THE SCHOOL DRAWS HEAVILY ON THE RESOURCES AVAILABLE IN PHILADELPHIA - THE MUSEUMS, HISTORIC LANDMARKS, BUSINESSES, SCHOOLS, PARKS, AND COMMUNITIES, AND FAMILIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05663568
IRS990/NetAssetsOrFundBalancesEOYAmt0-7255988
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt01183
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt01183
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0178681
IRS990/OccupancyGrp/ProgramServicesAmt01320602
IRS990/OccupancyGrp/TotalAmt01499283
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt096568
IRS990/OfficeExpensesGrp/ProgramServicesAmt0116477
IRS990/OfficeExpensesGrp/TotalAmt0213045
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt01619178
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0179313
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0644936
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0824249
IRS990/OtherExpensesGrp/Desc0FOOD SERVICE EXPENSES
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2BOOKS & INSTRUCTIONAL
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt030411
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt142189
IRS990/OtherExpensesGrp/ProgramServicesAmt0343875
IRS990/OtherExpensesGrp/ProgramServicesAmt1157236
IRS990/OtherExpensesGrp/ProgramServicesAmt2112650
IRS990/OtherExpensesGrp/TotalAmt0343875
IRS990/OtherExpensesGrp/TotalAmt1187647
IRS990/OtherExpensesGrp/TotalAmt2112650
IRS990/OtherExpensesGrp/TotalAmt342189
IRS990/OtherLiabilitiesGrp/BOYAmt01171560
IRS990/OtherLiabilitiesGrp/EOYAmt015561083
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt026713
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt026713
IRS990/OtherRevenueTotalAmt026713
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0854317
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03284352
IRS990/OtherSalariesAndWagesGrp/TotalAmt04138669
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt087263
IRS990/PayrollTaxesGrp/ProgramServicesAmt0307549
IRS990/PayrollTaxesGrp/TotalAmt0394812
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0318045
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01048097
IRS990/PensionPlanContributionsGrp/TotalAmt01366142
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0554950
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0450095
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012805
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt080356
IRS990/PrincipalOfficerNm0THOMAS SCHEID
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IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL DISTRICT REVENU
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07885143
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1123902
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07885143
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1123902
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05664
IRS990/PYOtherExpensesAmt02993839
IRS990/PYOtherRevenueAmt022819
IRS990/PYProgramServiceRevenueAmt08186101
IRS990/PYRevenuesLessExpensesAmt0515275
IRS990/PYSalariesCompEmpBnftPaidAmt06468662
IRS990/PYTotalExpensesAmt09462501
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09977776
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-560917
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt08038726
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05618165
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06096045
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt010021114
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04500
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01413059
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt01417559
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt034891
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11584287
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED OUTFLOWS RELATED TO PENSIONS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt016870
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0305440
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0322310
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0927444

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,507,905
Liabilities
$15,763,893
Net assets
-$7,255,988
Revenue
$9,460,197
Expenses
$10,021,114
Net income
-$560,917
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$26.6$33.7$7.18$19.0$20.6$1.67
2023Detailed filing. Detailed filing data is available for this year.$28.9$34.4$5.51$17.1$18.7$1.58
2022Detailed filing. Detailed filing data is available for this year.$31.4$35.3$3.92$15.9$16.7$0.79
2021Detailed filing. Detailed filing data is available for this year.$12.4$15.5$3.14$14.4$12.8$1.60
2020Detailed filing. Detailed filing data is available for this year.$10.3$15.2$4.83$13.4$11.6$1.72
2019Detailed filing. Detailed filing data is available for this year.$9.53$16.1$6.54$12.8$11.3$1.44
2018Detailed filing. Detailed filing data is available for this year.$9.15$17.1$7.98$11.2$10.7$0.51
2017Detailed filing. Detailed filing data is available for this year.$9.47$17.3$7.87$10.3$10.5$0.27
2016Detailed filing. Detailed filing data is available for this year.$8.23$15.8$7.60$9.81$10.2$0.35
2015Detailed filing. Detailed filing data is available for this year.$8.51$15.8$7.26$9.46$10.0$0.56
2014Detailed filing. Detailed filing data is available for this year.$7.01$1.35$5.66$9.98$9.46$0.52
2013Summary only. Only limited summary data is available for this year.$6.42$1.27$5.15$9.51$9.03$0.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.06$1.39$4.67$8.87
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.90$1.23$3.67$9.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.11$1.34$2.76$7.76