Civic Intelligence

Independence Charter School

990 • Fiscal year 2016 • EIN 23-3060261

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 09, 2017

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

1.92x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

85th percentile

1.61x

Higher debt load relative to revenue than 85% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

29th percentile

-3.5%

Higher net margin than 29% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

72nd percentile

$182,824

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

25th percentile

-3.2%

Faster asset growth than 25% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

53rd percentile

3.7%

Faster revenue growth than 53% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$8,232,928

Down $274,977 (-3.2%) from 2015

Net Assets

Down

-$7,603,989

Down $348,001 (-4.8%) from 2015

Liabilities

Up

$15,836,917

Up $73,024 (+0.5%) from 2015

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin29th percentile

Revenue

Up

$9,812,032

Up $351,835 (+3.7%) from 2015

Expenses

Up

$10,160,033

Up $138,919 (+1.4%) from 2015

Net Income

Up

-$348,001

Up $212,916 (+38%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2016

Assets$8,232,928
Liabilities$15,836,917
Net Assets-$7,603,989
Open 2016 Filing

Operations Trend

Revenue Growth53rd 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

2016

Revenue$9,812,032
Expenses$10,160,033
Net Income-$348,001
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 9, 2017
Return Version
2015v3.0
Gross Receipts
$9,812,032
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.

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, communities, and families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$6,096,045$4,411,902▼ $1,684,143
Cash and Non-Interest-Bearing Accounts$238,244$1,370,683▲ $1,132,439
Pledges and Grants Receivable$450,095$485,080▲ $34,985
Accounts Receivable$2,617$76,043▲ $73,426
Land, Buildings, and Equipment, Net$21,370$14,336▼ $7,034
Prepaid Expenses and Deferred Charges$80,356$13,606▼ $66,750
Total Assets$8,507,905$8,232,928▼ $274,977
Other Assets Total$1,619,178$1,861,278▲ $242,100
Liabilities
Other Liabilities$15,561,083$15,589,077▲ $27,994
Accounts Payable and Accrued Expenses$136,912$194,269▲ $57,357
Deferred Revenue$65,898$53,571▼ $12,327
Total Liabilities$15,763,893$15,836,917▲ $73,024
Net Assets / Fund Balance
Unrestricted Net Assets$-7,255,988$-7,603,989▼ $348,001
Total Net Assets Fund Balance$-7,255,988$-7,603,989▼ $348,001
Total Liabilities and Net Assets / Fund Balance$8,507,905$8,232,928▼ $274,977

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,336$310,974-
Leasehold Improvements$3,000$1,414,559-
Other Assets Org$1,532,984--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas ScheidCEOFT$145,379$37,445$182,824

Board Members and Trustees

NameTitle
Susanna GreenbergPresident
Tre JohnsonVice President
Ashley TobinTrustee
Barbara DundonTrustee
George AwadTrustee
Harry MoseleyTrustee
John TrieuTrustee
Krista PfeifferTrustee
Maureen EagenTrustee
Mike BarsantiTrustee
Rashida AndrewsSecretary
Andrew ReidStaff Representative
Elisse Santiago DrozStaff Representative
Kelly AcunaStaff Representative
Gregory TurlingtonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
United Health CareInsurancePO BOX 1459, Minneapolis, MN 55440-1459$389,846
Linton's Managed ServicesProfessional Services4 SENTRY PARKWAY EAST SUITE 100, Blue Bell, PA 19422$314,755
AetnaInsurance151 FARMINGTON AVENUE, Hartford, CT 06156$294,067
Therapy Source INCSpecial Education5215 MILITIA ROAD SUITE A, Plymouth Meeting, PA 19462$176,932
Revenue and Support

Revenue Composition

Contributions and Grants
$1,549,251
Program Service Revenue
$8,015,625
Investment Income
$3,750
Other Revenue
$243,406
All Other Contributions
$266,148
Change in Net Assets
$-348,001

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,812,032
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,812,032
Total Revenue per Form 990
$9,812,032
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,602,823
Other Expenses$3,557,210
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,382,634$800,911-$4,183,545
Occupancy$1,342,416$179,100-$1,521,516
Pension Plan Contributions$842,360$249,007-$1,091,367
Other Employee Benefits$653,078$123,266-$776,344
Fees for Services Other$303,348$266,382-$569,730
Payroll Taxes$317,634$89,020-$406,654
Office Expenses$113,493$125,875-$239,368
Current Officers, Directors, Trustees, and Key Employees-$144,913-$144,913
Other Expenses$113,459$23,866-$113,459
Insurance$23,636$78,466-$102,102
Travel$58,284$29,513-$87,797
All Other Expenses-$76,005-$76,005
Fees for Services Legal$2,308$21,877-$24,185
Fees for Services Accounting-$19,138-$19,138
Depreciation Depletion$3,541--$3,541
Advertising-$1,257-$1,257
Total Functional Expenses$7,752,494$2,407,539$0$10,160,033

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,160,033
Total Expenses per Audited Statements$10,160,033
Total Expenses per Form 990$10,160,033
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
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$13,384,000
Deferred Inflows Related to Pensions$1,168,000
Accrued Salaries and Benefits$788,288
Deferred Rent$147,211
Due to Other Funds$42,228
Due to Student Groups$39,066
Due to a Local School District$20,284
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 explains the form to them, then 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
2017-03-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Scheid
Formed
2001
Legal Domicile
Pa
Voting Board Members
15
Independent Board Members
15
Employees
154
Volunteers
0

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 XII, LINE 2C:

“The process has not changed from the 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, 2016, 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, 2013.”

Raw XML AppendixShowing 400 of 598 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0136912
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0194269
IRS990/AccountsReceivableGrp/BOYAmt02617
IRS990/AccountsReceivableGrp/EOYAmt076043
IRS990/ActivitiesConductedPrtshpInd00
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, COMMUNITIES, AND FAMILIES.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt01257
IRS990/AdvertisingGrp/TotalAmt01257
IRS990/AllOtherContributionsAmt0266148
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt076005
IRS990/AllOtherExpensesGrp/TotalAmt076005
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SANTILLI & THOMSON LLC
IRS990/BooksInCareOfDetail/PhoneNum08565051300
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0601 ROUTE 73 NORTH SUITE 302
IRS990/BooksInCareOfDetail/USAddress/CityNm0MARLTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd008053
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0238244
IRS990/CashNonInterestBearingGrp/EOYAmt01370683
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt04
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0144913
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0144913
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0389846
IRS990/ContractorCompensationGrp/CompensationAmt1314755
IRS990/ContractorCompensationGrp/CompensationAmt2294067
IRS990/ContractorCompensationGrp/CompensationAmt3176932
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 1459
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt14 SENTRY PARKWAY EAST SUITE 100
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2151 FARMINGTON AVENUE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt35215 MILITIA ROAD SUITE A
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0MINNEAPOLIS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1BLUE BELL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2HARTFORD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3PLYMOUTH MEETING
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2CT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd0554401459
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd119422
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd206156
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd319462
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0UNITED HEALTH CARE
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1LINTON'S MANAGED SERVICES
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2AETNA
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3THERAPY SOURCE INC
IRS990/ContractorCompensationGrp/ServicesDesc0INSURANCE
IRS990/ContractorCompensationGrp/ServicesDesc1PROFESSIONAL SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc2INSURANCE
IRS990/ContractorCompensationGrp/ServicesDesc3SPECIAL EDUCATION
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01549251
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03750
IRS990/CYOtherExpensesAmt03557210
IRS990/CYOtherRevenueAmt0243406
IRS990/CYProgramServiceRevenueAmt08015625
IRS990/CYRevenuesLessExpensesAmt0-348001
IRS990/CYSalariesCompEmpBnftPaidAmt06602823
IRS990/CYTotalExpensesAmt010160033
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt09812032
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt065898
IRS990/DeferredRevenueGrp/EOYAmt053571
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt03541
IRS990/DepreciationDepletionGrp/TotalAmt03541
IRS990/Desc0THE 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/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0154
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt07752494
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt019138
IRS990/FeesForServicesAccountingGrp/TotalAmt019138
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt021877
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt02308
IRS990/FeesForServicesLegalGrp/TotalAmt024185
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0266382
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0303348
IRS990/FeesForServicesOtherGrp/TotalAmt0569730
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1537445
IRS990/Form990PartVIISectionAGrp/PersonNm0GEORGE AWAD
IRS990/Form990PartVIISectionAGrp/PersonNm1BARBARA DUNDON
IRS990/Form990PartVIISectionAGrp/PersonNm2MIKE BARSANTI
IRS990/Form990PartVIISectionAGrp/PersonNm3MAUREEN EAGEN
IRS990/Form990PartVIISectionAGrp/PersonNm4HARRY MOSELEY
IRS990/Form990PartVIISectionAGrp/PersonNm5KRISTA PFEIFFER
IRS990/Form990PartVIISectionAGrp/PersonNm6ASHLEY TOBIN
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN TRIEU
IRS990/Form990PartVIISectionAGrp/PersonNm8KELLY ACUNA
IRS990/Form990PartVIISectionAGrp/PersonNm9ANDREW REID
IRS990/Form990PartVIISectionAGrp/PersonNm10ELISSE SANTIAGO DROZ
IRS990/Form990PartVIISectionAGrp/PersonNm11RASHIDA ANDREWS
IRS990/Form990PartVIISectionAGrp/PersonNm12SUSANNA GREENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm13TRE JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm14GREGORY TURLINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm15THOMAS SCHEID
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/ReportableCompFromOrgAmt15145379
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/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8STAFF REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt9STAFF REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt10STAFF REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt15CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt01283103
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt09812032
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt078466
IRS990/InsuranceGrp/ProgramServicesAmt023636
IRS990/InsuranceGrp/TotalAmt0102102
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03750
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03750
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt026
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01725533
IRS990/LandBldgEquipBasisNetGrp/BOYAmt021370
IRS990/LandBldgEquipBasisNetGrp/EOYAmt014336
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/NetAssetsOrFundBalancesBOYAmt0-7255988
IRS990/NetAssetsOrFundBalancesEOYAmt0-7603989
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0179100
IRS990/OccupancyGrp/ProgramServicesAmt01342416
IRS990/OccupancyGrp/TotalAmt01521516
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0125875
IRS990/OfficeExpensesGrp/ProgramServicesAmt0113493
IRS990/OfficeExpensesGrp/TotalAmt0239368
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01619178
IRS990/OtherAssetsTotalGrp/EOYAmt01861278
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0123266
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0653078
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0776344
IRS990/OtherExpensesGrp/Desc0FOOD SERVICE EXPENSES
IRS990/OtherExpensesGrp/Desc1CONTRACTS AND JUDGMENTS
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc3BOOKS & INSTRUCTIONAL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0178943
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt123866
IRS990/OtherExpensesGrp/ProgramServicesAmt0448553
IRS990/OtherExpensesGrp/ProgramServicesAmt1147750
IRS990/OtherExpensesGrp/ProgramServicesAmt2113459
IRS990/OtherExpensesGrp/TotalAmt0448553
IRS990/OtherExpensesGrp/TotalAmt1178943
IRS990/OtherExpensesGrp/TotalAmt2171616
IRS990/OtherExpensesGrp/TotalAmt3113459
IRS990/OtherLiabilitiesGrp/BOYAmt015561083
IRS990/OtherLiabilitiesGrp/EOYAmt015589077
IRS990/OtherRevenueMiscGrp/BusinessCd0541610
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0MANAGEMENT FEE
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0200000
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt143406
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0200000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt143406
IRS990/OtherRevenueTotalAmt0243406
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0800911
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03382634
IRS990/OtherSalariesAndWagesGrp/TotalAmt04183545
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt089020
IRS990/PayrollTaxesGrp/ProgramServicesAmt0317634
IRS990/PayrollTaxesGrp/TotalAmt0406654
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0249007
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0842360
IRS990/PensionPlanContributionsGrp/TotalAmt01091367
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0450095
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0485080
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt080356
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013606
IRS990/PrincipalOfficerNm0THOMAS SCHEID
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL DISTRICT REVENU
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07899510
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1116115
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07899510
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1116115
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01420288
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02968
IRS990/PYOtherExpensesAmt03160867
IRS990/PYOtherRevenueAmt027896
IRS990/PYProgramServiceRevenueAmt08009045
IRS990/PYRevenuesLessExpensesAmt0-560917
IRS990/PYSalariesCompEmpBnftPaidAmt06860247
IRS990/PYTotalExpensesAmt010021114
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09460197
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-348001
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt08262781
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06096045
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04411902
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt010160033
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03000
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01414559
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt01417559
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt043162
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1285132
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21532984
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM INDEPENDENCE CHARTER SCHOOL WEST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEFERRED OUTFLOWS TO PENSIONS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt011336
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0310974
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0322310
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0788288
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1147211
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt239066
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt313384000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt420284
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt51168000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt642228
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED SALARIES AND BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO STUDENT GROUPS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4DUE TO A LOCAL SCHOOL DISTRICT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,232,928
Liabilities
$15,836,917
Net assets
-$7,603,989
Revenue
$9,812,032
Expenses
$10,160,033
Net income
-$348,001
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