Civic Intelligence

The Independence School Inc

990 • Fiscal year 2022 • EIN 51-0225189

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 19, 2023

Organization ProfileWWW.THEINDEPENDENCESCHOOL.ORG

View Organization Page

1300 Paper Mill RoadNewark, DE 19711-3408

(302) 239-0330

Siviq Scores

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

Liabilities / Assets

61st percentile

0.33x

Higher debt load relative to assets than 61% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

72nd percentile

0.73x

Higher debt load relative to revenue than 72% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

66th percentile

15%

Higher net margin than 66% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

52nd percentile

$258,812

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

55th percentile

1.8%

Faster asset growth than 55% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

66th percentile

14%

Faster revenue growth than 66% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$27,017,965

Up $472,128 (+1.8%) from 2021

Net Assets

Down

$18,060,314

Down $552,590 (-3.0%) from 2021

Liabilities

Up

$8,957,651

Up $1,024,718 (+13%) from 2021

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin66th percentile

Revenue

Up

$12,237,721

Up $1,498,857 (+14%) from 2021

Expenses

Up

$10,431,706

Up $687,338 (+7.1%) from 2021

Net Income

Up

$1,806,015

Up $811,519 (+82%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$40M$30M$20M$10M$0Assets 2011: $30,002,756Liabilities 2011: $11,548,333Net Assets 2011: $18,454,4232011Assets 2012: $29,367,937Liabilities 2012: $11,814,632Net Assets 2012: $17,553,3052012Assets 2014: $28,511,664Liabilities 2014: $10,726,151Net Assets 2014: $17,785,5132014Assets 2015: $27,424,998Liabilities 2015: $10,012,900Net Assets 2015: $17,412,0982015Assets 2016: $26,229,622Liabilities 2016: $9,723,542Net Assets 2016: $16,506,0802016Assets 2018: $25,428,392Liabilities 2018: $9,104,911Net Assets 2018: $16,323,4812018Assets 2019: $25,175,111Liabilities 2019: $8,993,938Net Assets 2019: $16,181,1732019Assets 2020: $25,274,852Liabilities 2020: $8,968,242Net Assets 2020: $16,306,6102020Assets 2021: $26,545,837Liabilities 2021: $7,932,933Net Assets 2021: $18,612,9042021Assets 2022: $27,017,965Liabilities 2022: $8,957,651Net Assets 2022: $18,060,3142022Assets 2025: $29,057,618Liabilities 2025: $8,158,698Net Assets 2025: $20,898,9202025

Highlighted filing

2022

Assets$27,017,965
Liabilities$8,957,651
Net Assets$18,060,314
Open 2022 Filing

Operations Trend

Revenue Growth66th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $9,233,7842011Expenses 2012: $8,936,2412012Revenue 2014: $7,976,852Expenses 2014: $8,272,784Net Income 2014: -$295,9322014Revenue 2015: $8,577,567Expenses 2015: $8,761,979Net Income 2015: -$184,4122015Revenue 2016: $8,328,731Expenses 2016: $9,271,015Net Income 2016: -$942,2842016Revenue 2018: $9,369,815Expenses 2018: $9,987,171Net Income 2018: -$617,3562018Revenue 2019: $9,703,481Expenses 2019: $10,095,577Net Income 2019: -$392,0962019Revenue 2020: $9,746,843Expenses 2020: $9,777,277Net Income 2020: -$30,4342020Revenue 2021: $10,738,864Expenses 2021: $9,744,368Net Income 2021: $994,4962021Revenue 2022: $12,237,721Expenses 2022: $10,431,706Net Income 2022: $1,806,0152022Revenue 2025: $12,787,471Expenses 2025: $12,028,681Net Income 2025: $758,7902025

Highlighted filing

2022

Revenue$12,237,721
Expenses$10,431,706
Net Income$1,806,015
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 19, 2023
Return Version
2021v4.2
Gross Receipts
$15,259,207
Mission and Program Overview

Mission

The independence school inspires students to become independent, intellectually curious individuals who possess an exceptional spirit for learning, leadership and citizenship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,765,145$12,457,501▼ $307,644
Investments in Publicly Traded Securities$8,301,658$8,037,622▼ $264,036
Cash and Non-Interest-Bearing Accounts$4,202,850$5,413,203▲ $1,210,353
Pledges and Grants Receivable$405,849$655,021▲ $249,172
Savings and Temporary Cash Investments$609,516$116,129▼ $493,387
Accounts Receivable$90,070$46,348▼ $43,722
Inventories for Sale or Use$1,000$19,460▲ $18,460
Total Assets$26,545,837$27,017,965▲ $472,128
Other Assets Total$169,749$272,681▲ $102,932
Liabilities
Tax Exempt Bond Liabilities$5,650,056$5,460,966▼ $189,090
Deferred Revenue$1,360,585$2,707,704▲ $1,347,119
Other Liabilities$877,381$671,666▼ $205,715
Accounts Payable and Accrued Expenses$44,911$117,315▲ $72,404
Total Liabilities$7,932,933$8,957,651▲ $1,024,718
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,955,653$10,564,500▼ $2,391,153
Net Assets With Donor Restrictions$5,657,251$7,495,814▲ $1,838,563
Total Net Assets Fund Balance$18,612,904$18,060,314▼ $552,590
Total Liabilities and Net Assets / Fund Balance$26,545,837$27,017,965▲ $472,128

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,195,042$15,187,947$26,382,989
Equipment$414,710$1,576,032$1,990,742
Land$847,749-$847,749

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$6,928,470$3,071,568▼ $1,148,323$814,093$8,037,622
2021$5,843,106$125,050▲ $1,249,446$289,132$6,928,470
2020$5,623,236$205,000▲ $302,611$287,741$5,843,106
2019$5,505,764$30,543▲ $359,390$272,461$5,623,236
2018$5,427,685$1,700▲ $351,898$275,519$5,505,764
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Victoria C YatzusHead of SchoolFT$227,988$30,824$258,812
Bernadette GilmoreDirector of Academic InnovationFT$104,068$14,429$118,497
Jennifer Vrana(to 6/21) Director of Finance and OperationsFT$67,189$3,235$70,424
Patrick Burns Jr(from 7/21) Director of Finance and OperationsFT$55,753$10,960$66,713

Board Members and Trustees

NameTitle
Amelia WyantPresident
Rachel WoodVice President
Amish DesaiBoard Member
Bianca Fraser-johnsonBoard Member
Carrie FangBoard Member
Charles BaldwinBoard Member
Dr Mia PapasBoard Member
Jeffrey ShahanBoard Member
Kevin DombrowskiBoard Member
Molly Dibianca EsqBoard Member
Mona SinghBoard Member
Thomas HannaBoard Member
Vincent C Thomas EsqBoard Member
Kristin GiffinSecretary
Bill DorohTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Beyond Bright Services INCCustiodial Services1338 LOVERING AVE, Wilmingtion, DE 19806$142,252
Pegasus TechnologiesIt Consulting415 MCFARLAN RD 201, Kennett Square, PA 19348$135,456
Revenue and Support

Revenue Composition

Contributions and Grants
$1,553,192
Program Service Revenue
$8,872,232
Investment Income
$1,260,410
Other Revenue
$551,887
All Other Contributions
$1,553,192
Change in Net Assets
$1,806,015

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$25,000Fair Market Value (FMV)
Securities Publicly Traded4$13,736Fair Market Value
Other Non Cash Contri Table1$11,300Fair Market Value (FMV)
Total Noncash Contributions6$50,036-

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,009,142
Revenue Not Reported on Financial Statements
$228,579
Revenue Not Reported on Form 990
$-2,288,017
Other Revenue Adjustments
$183,866
Total Revenue per Audited Statements
$9,721,125
Total Revenue per Form 990
$12,237,721
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,435,432
Other Expenses$2,859,573
Grants and Similar Amounts Paid$2,081,786
Total Fundraising Expense$364,937
Professional Fundraising Fees$54,915

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,206,983$802,955$163,569$4,173,507
Grants to Domestic Individuals$2,081,786--$2,081,786
Depreciation Depletion$658,455$101,904$23,516$783,875
Occupancy$420,585$65,090$15,021$500,696
Current Officers, Directors, Trustees, and Key Employees$27,456$352,674$26,984$407,114
Other Employee Benefits$312,992$53,023$10,109$376,124
Payroll Taxes$242,498$79,254$13,128$334,880
Office Expenses$233,099--$233,099
Interest-$186,793-$186,793
Advertising$138,432$2,351$17,615$158,398
Information Technology$131,719$20,385$4,704$156,808
Pension Plan Contributions$102,038$34,569$7,200$143,807
All Other Expenses$102,639-$19,951$122,590
Other Expenses$76,542$11,846$2,734$91,122
Insurance$72,945$11,289$2,605$86,839
Fees for Services Accounting-$73,600-$73,600
Fees for Services Professional Fundraising--$54,915$54,915
Fees for Service Investment Mgmnt Fees-$44,713-$44,713
Fees for Services Other$18,404$2,849$657$21,910
Fees for Services Legal$1,392$215$50$1,657
Total Functional Expenses$8,138,292$1,928,477$364,937$10,431,706

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$10,431,706
Total Expenses per Audited Statements$10,279,433
Expenses per Audited Statements$10,268,845
Expenses Not Reported on Financial Statements$162,861
Other Expense Adjustments$118,148
Expenses Not Reported on Form 990$10,588
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$114,039
Professional Fundraising Fees$54,915
Fundraising Direct Expenses$48,890

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$86,128$86,128$37,892$48,236
5k & Color US Kids Run$20,691$20,691$8,496$12,195
Total Events$114,039$114,039$48,890$65,149
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Salaries and Payroll Taxes$665,775
Agency Funds$5,891

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe Delaware Economic Development Authority2017-08-15$6,460,000Refinancing of tax-exempt bond originally used for expansion and renovations

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$6,460,000$6,130,461-$133,543

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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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 11B

“The school's form 990 is reviewed and approved by the finance committee prior to distribution to the full board and filing with the irs.”

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

“Trustees are required to read the conflict of interest policy and sign a new declaration of conflict of interest annually. The conflict of interest policy states that trustees are obligated to complete a new declaration should a new conflict arise. Additionally, trustees will be reminded verbally each year of the obligation.”

Form 990, Part VI, Section B, Line 15

“The independence school has an executive compensation policy consisting of six sections. There is an 8-step process to determine executive compensation which includes all the elements asked for on lines 15, 15a and 15b.”

Form 990, Part VI, Section C, Line 19

“The school makes its governing documents, conflict of interest policy and financial statements available to the public by request.”

Filing and Contact Details

Filer

Filer Name
The Independence School Inc
EIN
51-0225189
Phone
3022390330
Address
1300 PAPER MILL ROAD, NEWARK, DE 19711-3408

Signing Officer

Name
Victoria C Yatzus
Title
Head of School
Phone
3022390330
Signed
2023-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Victoria C Yatzus
Formed
1978
Legal Domicile
De
Voting Board Members
15
Independent Board Members
15
Employees
117
Volunteers
50

Preparer

Firm
Cover & Rossiter Pa
Address
2711 CENTERVILLE ROAD SUITE 100, WILMINGTON, DE 19808
Preparer
Peter Kennedy
Phone
3026566632
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The school has a finance committee that assumes responsibility for oversight of the financial statement audit and the selection of the independent auditors.”

Financial Statement Notes

PART II, LINE 3:

“Easement expenses are charged to expense on the statement of activities.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 10,588. Independence parents' association contribution 60,000.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Independence parents' association revenue 183,866.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 10,588.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Independence parents' association expenses 118,148.”

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IRS990/ActivityOrMissionDesc0THE INDEPENDENCE SCHOOL INSPIRES STUDENTS TO BECOME INDEPENDENT, INTELLECTUALLY CURIOUS INDIVIDUALS WHO POSSESS AN EXCEPTIONAL SPIRIT FOR LEARNING, LEADERSHIP AND CITIZENSHIP.
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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/OtherCompensationAmt1530824
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1610960
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt173235
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1814429
IRS990/Form990PartVIISectionAGrp/PersonNm0AMELIA WYANT
IRS990/Form990PartVIISectionAGrp/PersonNm1RACHEL WOOD
IRS990/Form990PartVIISectionAGrp/PersonNm2KRISTIN GIFFIN
IRS990/Form990PartVIISectionAGrp/PersonNm3BILL DOROH
IRS990/Form990PartVIISectionAGrp/PersonNm4CHARLES BALDWIN
IRS990/Form990PartVIISectionAGrp/PersonNm5AMISH DESAI
IRS990/Form990PartVIISectionAGrp/PersonNm6MOLLY DIBIANCA ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm7KEVIN DOMBROWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm8CARRIE FANG
IRS990/Form990PartVIISectionAGrp/PersonNm9BIANCA FRASER-JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm10THOMAS HANNA
IRS990/Form990PartVIISectionAGrp/PersonNm11DR MIA PAPAS
IRS990/Form990PartVIISectionAGrp/PersonNm12JEFFREY SHAHAN
IRS990/Form990PartVIISectionAGrp/PersonNm13MONA SINGH
IRS990/Form990PartVIISectionAGrp/PersonNm14VINCENT C THOMAS ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm15VICTORIA C YATZUS
IRS990/Form990PartVIISectionAGrp/PersonNm16PATRICK BURNS JR
IRS990/Form990PartVIISectionAGrp/PersonNm17JENNIFER VRANA
IRS990/Form990PartVIISectionAGrp/PersonNm18BERNADETTE GILMORE
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/ReportableCompFromOrgAmt15227988
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1655753
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1767189
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18104068
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/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt16(FROM 7/21) DIRECTOR OF FINANCE AND OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt17(TO 6/21) DIRECTOR OF FINANCE AND OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR OF ACADEMIC INNOVATION
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt048890
IRS990/FundraisingGrossIncomeAmt0114039
IRS990/GainOrLossGrp/SecuritiesAmt0992689
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantAmt02081786
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt02081786
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt02081786
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt03954697
IRS990/GrossReceiptsAmt015259207
IRS990/GrossRentsGrp/RealAmt068680
IRS990/GrossSalesOfInventoryAmt046220
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt04704
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt020385
IRS990/InformationTechnologyGrp/ProgramServicesAmt0131719
IRS990/InformationTechnologyGrp/TotalAmt0156808
IRS990/InsuranceGrp/FundraisingAmt02605
IRS990/InsuranceGrp/ManagementAndGeneralAmt011289
IRS990/InsuranceGrp/ProgramServicesAmt072945
IRS990/InsuranceGrp/TotalAmt086839
IRS990/InterestGrp/ManagementAndGeneralAmt0186793
IRS990/InterestGrp/TotalAmt0186793
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01000
IRS990/InventoriesForSaleOrUseGrp/EOYAmt019460
IRS990/InvestmentIncomeGrp/ExclusionAmt0267721
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0267721
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt08301658
IRS990/InvestmentsPubTradedSecGrp/EOYAmt08037622
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt016763979
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012765145
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012457501
IRS990/LandBldgEquipCostOrOtherBssAmt029221480
IRS990/LegalDomicileStateCd0DE
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02962008
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE INDEPENDENCE SCHOOL INSPIRES STUDENTS TO BECOME INDEPENDENT, INTELLECTUALLY CURIOUS INDIVIDUALS WHO POSSESS AN EXCEPTIONAL SPIRIT FOR LEARNING, LEADERSHIP AND CITIZENSHIP.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt018612904
IRS990/NetAssetsOrFundBalancesEOYAmt018060314
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0992689
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0992689
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt065149
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt065149
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt035632
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt035632
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt068680
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt068680
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-2358605
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt012955653
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt010564500
IRS990/NoncashContributionsAmt0115123
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt015021
IRS990/OccupancyGrp/ManagementAndGeneralAmt065090
IRS990/OccupancyGrp/ProgramServicesAmt0420585
IRS990/OccupancyGrp/TotalAmt0500696
IRS990/OfficeExpensesGrp/ProgramServicesAmt0233099
IRS990/OfficeExpensesGrp/TotalAmt0233099
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0169749
IRS990/OtherAssetsTotalGrp/EOYAmt0272681
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt010109
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt053023
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0312992
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0376124
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc1IPA EXPENSES
IRS990/OtherExpensesGrp/Desc2STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt02179
IRS990/OtherExpensesGrp/FundraisingAmt12734
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt084967
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt111846
IRS990/OtherExpensesGrp/ProgramServicesAmt079832
IRS990/OtherExpensesGrp/ProgramServicesAmt1118148
IRS990/OtherExpensesGrp/ProgramServicesAmt2112347
IRS990/OtherExpensesGrp/ProgramServicesAmt376542
IRS990/OtherExpensesGrp/TotalAmt0166978
IRS990/OtherExpensesGrp/TotalAmt1118148
IRS990/OtherExpensesGrp/TotalAmt2112347
IRS990/OtherExpensesGrp/TotalAmt391122
IRS990/OtherLiabilitiesGrp/BOYAmt0877381
IRS990/OtherLiabilitiesGrp/EOYAmt0671666
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/BusinessCd1611600
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/Desc1IPA REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0198560
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1183866
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0198560
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1183866
IRS990/OtherRevenueTotalAmt0382426
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0163569
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0802955
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03206983
IRS990/OtherSalariesAndWagesGrp/TotalAmt04173507
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt013128
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt079254
IRS990/PayrollTaxesGrp/ProgramServicesAmt0242498
IRS990/PayrollTaxesGrp/TotalAmt0334880
IRS990/PensionPlanContributionsGrp/FundraisingAmt07200
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt034569
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0102038
IRS990/PensionPlanContributionsGrp/TotalAmt0143807
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0405849
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0655021
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0VICTORIA C YATZUS
IRS990/ProfessionalFundraisingInd01

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,017,965
Liabilities
$8,957,651
Net assets
$18,060,314
Revenue
$12,237,721
Expenses
$10,431,706
Net income
$1,806,015
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.1$8.16$20.9$12.8$12.0$0.76
2022Detailed filing. Detailed filing data is available for this year.$27.0$8.96$18.1$12.2$10.4$1.81
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.5$7.93$18.6$10.7$9.74$0.99
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.3$8.97$16.3$9.75$9.78$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.2$8.99$16.2$9.70$10.1$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.4$9.10$16.3$9.37$9.99$0.62
2016Detailed filing. Detailed filing data is available for this year.$26.2$9.72$16.5$8.33$9.27$0.94
2015Detailed filing. Detailed filing data is available for this year.$27.4$10.0$17.4$8.58$8.76$0.18
2014Detailed filing. Detailed filing data is available for this year.$28.5$10.7$17.8$7.98$8.27$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.4$11.8$17.6$8.94
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.0$11.5$18.5$9.23