Civic Intelligence

Independent School of Thought

EIN 47-2406227 • 501(c)3 • Hernando, MS

Profile

School

3059 Salina CoveHernando, MS 38632

independentschoolofthought.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

55th percentile

4.4%

Higher net margin than 55% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

90th percentile

82%

Faster asset growth than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

33%

Faster revenue growth than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$10,241

Up $4,619 (+82%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

$10,241

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue62nd percentileNet Margin55th percentile

Revenue

Up

$104,837

Up $25,762 (+33%) from 2023

Expenses

Up

$100,217

Up $21,911 (+28%) from 2023

Net Income

Up

$4,620

Up $3,851 (+501%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth90th percentile

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

$15K$10K$5.0K$0Assets 2020: $4,826Liabilities 2020: $02020Assets 2021: $8,833Liabilities 2021: $0Net Assets 2021: $8,8332021Assets 2022: $4,853Liabilities 2022: $0Net Assets 2022: $4,8532022Assets 2023: $5,622Liabilities 2023: $02023Assets 2024: $10,241Liabilities 2024: $0Net Assets 2024: $10,2412024

Highlighted filing

2024

Assets$10,241
Liabilities$0
Net Assets$10,241
Open 2024 Filing

Operations Trend

Revenue Growth79th percentile

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

$150K$100K$50K$0-$50KRevenue 2020: $55,989Expenses 2020: $57,257Net Income 2020: -$1,2682020Revenue 2021: $87,340Expenses 2021: $83,333Net Income 2021: $4,0072021Revenue 2022: $84,285Expenses 2022: $88,265Net Income 2022: -$3,9802022Revenue 2023: $79,075Expenses 2023: $78,306Net Income 2023: $7692023Revenue 2024: $104,837Expenses 2024: $100,217Net Income 2024: $4,6202024

Highlighted filing

2024

Revenue$104,837
Expenses$100,217
Net Income$4,620
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,241
Liabilities
$0
Net assets
$10,241
Revenue
$104,837
Expenses
$100,217
Net income
$4,620
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$1.05$1.00$0.05
2023Summary only. Only limited summary data is available for this year.$0.06$0.00$0.79$0.78$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.84$0.88$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.00$0.09$0.87$0.83$0.04
2020Summary only. Only limited summary data is available for this year.$0.05$0.00$0.56$0.57$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 8, 2025
Return Version
2024v5.0
Gross Receipts
$104,837
Mission and Program Overview

Mission

School

Independent School of Thought is a 501c3 non-profit organization serving as an educational service for homeschooled families.

Program Services

DescriptionGrantsExpenses
Independent School of Thought provides educational services for homeschooled families. IST has over 30 students from approximately 20 families in northern Mississippi. It provides a hybrid school environment where students can attend twice weekly for traditionally structured school days with instruction. It successfully provides an alternative educational atmosphere for students and families.$0$100,217
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Randi LynnSecretary-$0--
Khrystal VaughnBoard Member-$0--
Brandie CorreroTreasurer-$0--
Jessica FultonPresident-$0--
Filing and Contact Details

Filer

Filer Name
Independent School of Thought
EIN
47-2406227
Phone
6624699366
Address
3059 Salina Cove, Hernando, MS 38632

Signing Officer

Name
Jessica Fulton
Title
Executive Director
Phone
6624699366
Signed
2025-05-08
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Our school takes payments for yearbooks, yearbook pictures, field trips, etc. which is billed to the school and paid out. The school also orders textbooks, online curricular programs, and office supplies.”

Raw XML Appendix163 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
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/AddressChangeInd0X
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/PersonNm0Jessica Fulton
IRS990EZ/BooksInCareOfDetail/PhoneNum06624699366
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt03059 Salina Cove
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Hernando
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MS
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd038632
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt05621
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt010241
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt010599
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt04620
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt070451
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt05621
IRS990EZ/Form990TotalAssetsGrp/EOYAmt010241
IRS990EZ/FundraisingGrossIncomeAmt02676
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0104837
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt05621
IRS990EZ/NetAssetsOrFundBalancesEOYAmt010241
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt05621
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt010241
IRS990EZ/OccupancyRentUtltsAndMaintAmt01114
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.05
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.05
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.05
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.05
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Randi Lynn
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Khrystal Vaughn
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Brandie Correro
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Jessica Fulton
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3President
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt020753
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Independent School of Thought is a 501c3 non-profit organization serving as an educational service for homeschooled families.
IRS990EZ/PrintingPublicationsPostageAmt0519
IRS990EZ/ProgramServiceRevenueAmt091562
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Independent School of Thought provides educational services for homeschooled families. IST has over 30 students from approximately 20 families in northern Mississippi. It provides a hybrid school environment where students can attend twice weekly for traditionally structured school days with instruction. It successfully provides an alternative educational atmosphere for students and families.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0100217
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt07380
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/SchoolOperatingInd01
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt02676
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MS
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0100217
IRS990EZ/TotalProgramServiceExpensesAmt0100217
IRS990EZ/TotalRevenueAmt0104837
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0northmshomeschoolacademy.org
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The non-discriminatory policy is on the website, the school brochure, the school handbook, and the enrollment application page.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Our school takes payments for yearbooks, yearbook pictures, field trips, etc. which is billed to the school and paid out. The school also orders textbooks, online curricular programs, and office supplies.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Jessica Fulton
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum06624699366
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDEPENDENT SCHOOL OF THOUGHT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DBA North MS Homeschool Academy
ReturnHeader/Filer/BusinessNameControlTxt0INDE
ReturnHeader/Filer/EIN0472406227
ReturnHeader/Filer/PhoneNum06624699366
ReturnHeader/Filer/USAddress/AddressLine1Txt03059 Salina Cove
ReturnHeader/Filer/USAddress/CityNm0Hernando
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd038632
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-05-08T12:09:25-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits