Civic Intelligence

Philadelphia Independent Mission

EIN 45-4720688 • 501(c)3 • Philadelphia, PA

Profile

Independence Mission Schools manages a network of 15

1012 W Thompson StreetPhiladelphia, PA 19122

www.independencemissionschools.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

30th percentile

0.09x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

26th percentile

0.14x

Higher debt load relative to revenue than 26% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

58th percentile

7.6%

Higher net margin than 58% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

44th percentile

$322,004

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

66th percentile

10%

Faster asset growth than 66% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

46th percentile

7.1%

Faster revenue growth than 46% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Assets

Up

$57,585,952

Up $5,339,121 (+10%) from 2024

Liabilities

Up

$4,942,434

Up $288,765 (+6.2%) from 2024

Net Assets

Up

$52,643,518

Up $5,050,356 (+11%) from 2024

Revenue

Up

$36,510,515

Up $2,411,238 (+7.1%) from 2024

Expenses

Down

$33,751,989

Down $948,661 (-2.7%) from 2024

Net Income

Up

$2,758,526

Up $3,359,899 (+559%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2012: $192,079Liabilities 2012: $0Net Assets 2012: $192,0792012Assets 2013: $1,071,225Liabilities 2013: $59,846Net Assets 2013: $1,011,3792013Assets 2014: $7,512,388Liabilities 2014: $2,844,255Net Assets 2014: $4,668,1332014Assets 2015: $11,448,333Liabilities 2015: $3,130,744Net Assets 2015: $8,317,5892015Assets 2016: $15,178,803Liabilities 2016: $2,535,606Net Assets 2016: $12,643,1972016Assets 2017: $21,068,108Liabilities 2017: $4,247,757Net Assets 2017: $16,820,3512017Assets 2018: $19,301,245Liabilities 2018: $4,105,963Net Assets 2018: $15,195,2822018Assets 2019: $23,909,731Liabilities 2019: $4,757,111Net Assets 2019: $19,152,6202019Assets 2020: $29,413,076Liabilities 2020: $7,740,164Net Assets 2020: $21,672,9122020Assets 2021: $31,809,598Liabilities 2021: $5,812,876Net Assets 2021: $25,996,7222021Assets 2022: $39,191,945Liabilities 2022: $7,433,846Net Assets 2022: $31,758,0992022Assets 2023: $51,632,215Liabilities 2023: $5,334,301Net Assets 2023: $46,297,9142023Assets 2024: $52,246,831Liabilities 2024: $4,653,669Net Assets 2024: $47,593,1622024Assets 2025: $57,585,952Liabilities 2025: $4,942,434Net Assets 2025: $52,643,5182025

Highlighted filing

2025

Assets$57,585,952
Liabilities$4,942,434
Net Assets$52,643,518

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MRevenue 2012: $232,040Expenses 2012: $39,961Net Income 2012: $192,0792012Revenue 2013: $1,493,758Expenses 2013: $674,458Net Income 2013: $819,3002013Revenue 2014: $23,333,812Expenses 2014: $19,677,058Net Income 2014: $3,656,7542014Revenue 2015: $25,883,379Expenses 2015: $22,233,923Net Income 2015: $3,649,4562015Revenue 2016: $30,390,301Expenses 2016: $26,970,988Net Income 2016: $3,419,3132016Revenue 2017: $34,868,373Expenses 2017: $30,691,219Net Income 2017: $4,177,1542017Revenue 2018: $30,840,888Expenses 2018: $32,465,957Net Income 2018: -$1,625,0692018Revenue 2019: $36,027,635Expenses 2019: $32,265,456Net Income 2019: $3,762,1792019Revenue 2020: $29,105,857Expenses 2020: $26,901,677Net Income 2020: $2,204,1802020Revenue 2021: $31,345,958Expenses 2021: $27,839,486Net Income 2021: $3,506,4722021Revenue 2022: $38,175,969Expenses 2022: $31,726,965Net Income 2022: $6,449,0042022Revenue 2023: $46,876,562Expenses 2023: $32,985,292Net Income 2023: $13,891,2702023Revenue 2024: $34,099,277Expenses 2024: $34,700,650Net Income 2024: -$601,3732024Revenue 2025: $36,510,515Expenses 2025: $33,751,989Net Income 2025: $2,758,5262025

Highlighted filing

2025

Revenue$36,510,515
Expenses$33,751,989
Net Income$2,758,526

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$57.6$4.94$52.6$36.5$33.8$2.76
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.2$4.65$47.6$34.1$34.7$0.60
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.6$5.33$46.3$46.9$33.0$13.9
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.2$7.43$31.8$38.2$31.7$6.45
2021Detailed filing. Detailed filing data is available for this year.$31.8$5.81$26.0$31.3$27.8$3.51
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.4$7.74$21.7$29.1$26.9$2.20
2019Detailed filing. Detailed filing data is available for this year.$23.9$4.76$19.2$36.0$32.3$3.76
2018Detailed filing. Detailed filing data is available for this year.$19.3$4.11$15.2$30.8$32.5$1.63
2017Detailed filing. Detailed filing data is available for this year.$21.1$4.25$16.8$34.9$30.7$4.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.2$2.54$12.6$30.4$27.0$3.42
2015Detailed filing. Detailed filing data is available for this year.$11.4$3.13$8.32$25.9$22.2$3.65
2014Detailed filing. Detailed filing data is available for this year.$7.51$2.84$4.67$23.3$19.7$3.66
2013Summary only. Only limited summary data is available for this year.$1.07$0.06$1.01$1.49$0.67$0.82
2012Summary only. Only limited summary data is available for this year.$0.19$0.00$0.19$0.23$0.04$0.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 18, 2026
Return Version
2024v5.5
Gross Receipts
$36,563,303
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,576,818$10,234,616▼ $342,202
Pledges and Grants Receivable$2,926,505$4,178,246▲ $1,251,741
Savings and Temporary Cash Investments$2,004,023$2,620,868▲ $616,845
Cash and Non-Interest-Bearing Accounts$473,033$436,765▼ $36,268
Investments in Publicly Traded Securities$182,171$207,949▲ $25,778
Accounts Receivable$422,257$75,988▼ $346,269
Total Assets$52,246,831$57,585,952▲ $5,339,121
Other Assets Total$35,662,024$39,831,520▲ $4,169,496
Liabilities
Accounts Payable and Accrued Expenses$2,769,618$3,113,856▲ $344,238
Tax Exempt Bond Liabilities$1,882,137$1,797,686▼ $84,451
Deferred Revenue$1,914$30,892▲ $28,978
Total Liabilities$4,653,669$4,942,434▲ $288,765
Net Assets / Fund Balance
Net Assets With Donor Restrictions$24,617,283$27,629,867▲ $3,012,584
Net Assets Without Donor Restrictions$22,975,879$25,013,651▲ $2,037,772
Total Net Assets Fund Balance$47,593,162$52,643,518▲ $5,050,356
Total Liabilities and Net Assets / Fund Balance$52,246,831$57,585,952▲ $5,339,121

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,686,385$1,727,241$8,413,626
Leasehold Improvements$3,108,225$1,795,928$4,904,153
Equipment$144,216$3,336,271$3,480,487
Land$224,051-$224,051
Other Land Buildings$71,739$77,373$149,112
Other Assets Org$35,720,993--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$7,794,684$1,000,000▲ $879,316-$9,374,000
2023$6,193,214$1,000,000▲ $751,478-$7,794,684
2022$50,000$6,000,000▲ $193,214$50,000$6,193,214
2021-$50,000--$50,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
GIANNA D'ANGELOPresident and CEOFT$300,200$21,804$322,004
Jill ValunasChief of SchoolsFT$219,359$17,600$236,959
Elizabeth AlfonsiChief of StaffFT$182,492$15,902$198,394
Erin WooleyChief Advancement OfficerFT$187,492$6,677$194,169
Brian Kenneth MortonDep. Chief of SchoolFT$126,594$17,397$143,991

Board Members and Trustees

NameTitle
Brian McelweeChair
Ken PhelanVice Chair
Anthony CellucciBoard Member
Bernie MccabeBoard Member
Bill CurtisBoard Member
Daniel PickensBoard Member
David P HardyBoard Member
Fr Steve DelacyBoard Member
Harold EarleyBoard Member
James GarveyBoard Member
John FiggeBoard Member
Marc S RichmanBoard Member
Maris a OggBoard Member
Martin HeldringBoard Member
Michael F YoungBoard Member
Michael PiotrowiczBoard Member
Michael StephanoBoard Member
Rod HenkelsBoard Member
Sean FlynnBoard Member
Sean-tamba MatthewBoard Member
Sr Karen C DietrichBoard Member
Tom DoughertyBoard Member
Gerald H SweeneyEmeritus Director
Lorie HowleyEmeritus Director
Richard NourieEmeritus Director
Joseph T StapletonSecretary
Kathleen FrielTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
P And A Remodeling LLCConstruction5147 OAKLAND STREET, Philadelphia, PA 19124$146,430
Nj Janitorial & Facilities ServicesJanitorial Services23 MADISON AVENUE, Berlin, NJ 08009$130,680
Revenue and Support

Revenue Composition

Contributions and Grants
$27,133,278
Program Service Revenue
$9,187,661
Investment Income
$33,473
Other Revenue
$156,103
All Other Contributions
$27,133,278
Change in Net Assets
$2,758,526

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Books and Publications$650,285Fair Market Value (FMV)
Securities Closely Held Stock$148,442Fair Market Value (FMV)
Total Noncash Contributions$798,727-

Audited Revenue Reconciliation

Revenue per Audited Statements
$36,510,515
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,074,109
Total Revenue per Audited Statements
$37,584,624
Total Revenue per Form 990
$36,510,515
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$24,464,382
Other Expenses$7,807,094
Total Fundraising Expense$1,351,472
Grants and Similar Amounts Paid$1,217,721
Professional Fundraising Fees$262,792

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$16,849,568$1,799,521$832,495$19,481,584
Other Employee Benefits$1,873,816$162,314-$2,036,130
Payroll Taxes$1,401,877$162,483$49,512$1,613,872
Grants to Domestic Individuals$1,217,721--$1,217,721
Current Officers, Directors, Trustees, and Key Employees$828,993$88,036$38,156$955,185
Occupancy$840,051$5,496-$845,547
Depreciation Depletion$822,025--$822,025
Insurance$417,013$7,407$2,222$426,642
Pension Plan Contributions$347,402$30,209-$377,611
All Other Expenses$326,014$28,366$5,366$359,746
Fees for Services Professional Fundraising--$262,792$262,792
Advertising--$159,443$159,443
Other Expenses$154,393$2,851-$157,244
Fees for Services Other$114,428$32,694$1,486$148,608
Fees for Services Accounting$26,325$41,175-$67,500
Interest$51,958--$51,958
Fees for Services Legal$41,940--$41,940
Total Functional Expenses$29,988,796$2,411,721$1,351,472$33,751,989

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$33,751,989
Expenses per Audited Statements$32,534,268
Total Expenses per Audited Statements$32,534,268
Expenses Not Reported on Financial Statements$1,217,721
Other Expense Adjustments$1,217,721
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$262,792
Fundraising Gross Income$179,191
Fundraising Direct Expenses$52,788

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
School Fundraisier$133,276$133,276$32,914$100,362
Special Events$45,915$45,915$19,874$26,041
Total Events$179,191$179,191$52,788$126,403
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MemberInsuranceNo$534,153
-Board MemberInsuranceNo$50,990
-Board ChairAccounting ServicesNo$27,358
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AUpper Darby Industrial Development2016-12-28$2,485,000CONSTRUCTION PROJECT

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$2,485,000--$44,711

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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 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.

Filing and Contact Details

Filer

Filer Name
Independence Mission Schools
EIN
45-4720688
Phone
6102005100
Address
1012 W THOMPSON STREET, PHILADELPHIA, PA 19122

Signing Officer

Name
GIANNA D'ANGELO
Title
President and CEO
Phone
6102005100
Signed
2026-03-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
GIANNA D'ANGELO
Formed
2012
Legal Domicile
Pa
Voting Board Members
21
Independent Board Members
18
Employees
580
Volunteers
70

Preparer

Firm
O'CONNELL & COMPANY LLC
Address
240 GIBRALTAR ROAD SUITE 260, HORSHAM, PA 19044
Preparer
TERENCE M O'CONNELL CPA
Phone
2158874425
Supplemental Narrative

Financial Statement Notes

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.

Raw XML AppendixShowing 400 of 859 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
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0INDEPENDENCE 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.
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