Civic Intelligence

The Independence School Inc

990 • Fiscal year 2023 • EIN 51-0225189

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 15, 2024

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

59th percentile

0.31x

Higher debt load relative to assets than 59% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

69th percentile

0.68x

Higher debt load relative to revenue than 69% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

50th percentile

3.8%

Higher net margin than 50% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

52nd percentile

$266,076

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

25th percentile

-0.6%

Faster asset growth than 25% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

39th percentile

0.5%

Faster revenue growth than 39% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$26,844,847

Down $173,118 (-0.6%) from 2022

Net Assets

Up

$18,426,602

Up $366,288 (+2.0%) from 2022

Liabilities

Down

$8,418,245

Down $539,406 (-6.0%) from 2022

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin50th percentile

Revenue

Up

$12,303,148

Up $65,427 (+0.5%) from 2022

Expenses

Up

$11,833,441

Up $1,401,735 (+13%) from 2022

Net Income

Down

$469,707

Down $1,336,308 (-74%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth25th 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 2023: $26,844,847Liabilities 2023: $8,418,245Net Assets 2023: $18,426,6022023Assets 2025: $29,057,618Liabilities 2025: $8,158,698Net Assets 2025: $20,898,9202025

Highlighted filing

2023

Assets$26,844,847
Liabilities$8,418,245
Net Assets$18,426,602
Open 2023 Filing

Operations Trend

Revenue Growth39th 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 2023: $12,303,148Expenses 2023: $11,833,441Net Income 2023: $469,7072023Revenue 2025: $12,787,471Expenses 2025: $12,028,681Net Income 2025: $758,7902025

Highlighted filing

2023

Revenue$12,303,148
Expenses$11,833,441
Net Income$469,707
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 15, 2024
Return Version
2022v5.0
Gross Receipts
$13,200,189
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$12,457,501$11,815,731▼ $641,770
Investments in Publicly Traded Securities$8,037,622$8,912,253▲ $874,631
Cash and Non-Interest-Bearing Accounts$5,413,203$5,362,146▼ $51,057
Pledges and Grants Receivable$655,021$564,867▼ $90,154
Savings and Temporary Cash Investments$116,129--
Accounts Receivable$46,348$52,155▲ $5,807
Inventories for Sale or Use$19,460$27,779▲ $8,319
Total Assets$27,017,965$26,844,847▼ $173,118
Other Assets Total$272,681$109,916▼ $162,765
Liabilities
Tax Exempt Bond Liabilities$5,460,966$5,265,931▼ $195,035
Deferred Revenue$2,707,704$2,234,417▼ $473,287
Other Liabilities$671,666$740,887▲ $69,221
Accounts Payable and Accrued Expenses$117,315$177,010▲ $59,695
Total Liabilities$8,957,651$8,418,245▼ $539,406
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,564,500$10,418,823▼ $145,677
Net Assets With Donor Restrictions$7,495,814$8,007,779▲ $511,965
Total Net Assets Fund Balance$18,060,314$18,426,602▲ $366,288
Total Liabilities and Net Assets / Fund Balance$27,017,965$26,844,847▼ $173,118

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,426,003$14,972,947$25,398,950
Equipment$512,101$523,766$1,035,867
Land$847,749-$847,749
Other Land Buildings$29,878-$29,878

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$8,037,622$476,854▲ $712,804$315,027$8,912,253
2021$6,928,470$3,071,568▼ $1,148,323$814,093$8,037,622
2020$5,843,106$125,050▲ $1,249,446$289,132$6,928,470
2019$5,623,236$205,000▲ $302,611$287,741$5,843,106
2018$5,505,764$30,543▲ $359,390$272,461$5,623,236
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Victoria C YatzusHead of SchoolFT$235,606$30,470$266,076
Patrick Burns JrDirector of Finance and OperationsFT$105,599$22,785$128,384
Bernadette GilmoreDirector of Academic InnovationFT$107,530$16,966$124,496
Michele HarraDirector of Advancement and Enrollment ManagementFT$102,566$4,173$106,739

Board Members and Trustees

NameTitle
Amelia WyantPresident
Kristin GiffinVice President
Carrie FangBoard Member
Deepika ThackerBoard Member
Dr Mia PapasBoard Member
Jeffrey ShahanBoard Member
Kevin DombrowskiBoard Member
Mona SinghBoard Member
Rachel WoodBoard Member
Thomas HannaBoard Member
Vincent C Thomas EsqBoard Member
Bianca Fraser-johnsonSecretary
Bill DorohTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Beyond Bright Services INCCustiodial Services1338 LOVERING AVE, Wilmingtion, DE 19806$144,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,840,958
Program Service Revenue
$9,482,077
Investment Income
$403,634
Other Revenue
$576,479
All Other Contributions
$1,840,958
Change in Net Assets
$469,707

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
Works of Art175$799,250Independent Appraisal
Securities Publicly Traded5$36,754Fair Market Value
Other Non Cash Contri Table39$26,945Fair Market Value
Other Non Cash Contri Table19$18,780Fair Market Value
Other Non Cash Contri Table1$5,450Fair Market Value
Total Noncash Contributions239$887,179-

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,069,599
Revenue Not Reported on Financial Statements
$233,549
Revenue Not Reported on Form 990
$477,447
Other Revenue Adjustments
$190,851
Total Revenue per Audited Statements
$12,547,046
Total Revenue per Form 990
$12,303,148
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,726,863
Other Expenses$4,124,986
Grants and Similar Amounts Paid$1,980,592
Total Fundraising Expense$458,850
Professional Fundraising Fees$1,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,381,789$907,126$162,122$4,451,037
Grants to Domestic Individuals$1,980,592--$1,980,592
Depreciation Depletion$482,801$170,000$27,200$680,001
Occupancy$391,931$138,001$22,081$552,013
Current Officers, Directors, Trustees, and Key Employees$27,908$359,695$27,563$415,166
All Other Expenses$329,991-$63,943$393,934
Payroll Taxes$247,557$84,262$12,511$344,330
Other Employee Benefits$267,674$61,109$10,705$339,488
Office Expenses$213,833--$213,833
Interest-$180,847-$180,847
Pension Plan Contributions$133,705$36,367$6,770$176,842
Advertising$143,516$15,759$14,709$173,984
Information Technology$120,963$42,592$6,815$170,370
Other Expenses$106,379$37,457$5,993$149,829
Insurance$71,458$25,161$4,026$100,645
Fees for Service Investment Mgmnt Fees-$42,698-$42,698
Fees for Services Accounting-$40,622-$40,622
Fees for Services Other$12,573$4,428$708$17,709
Fees for Services Legal$995$351$56$1,402
Fees for Services Professional Fundraising--$1,000$1,000
Total Functional Expenses$8,334,846$3,039,745$458,850$11,833,441

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$11,833,441
Total Expenses per Audited Statements$11,705,233
Expenses per Audited Statements$11,652,164
Expenses Not Reported on Financial Statements$181,277
Other Expense Adjustments$138,579
Expenses Not Reported on Form 990$53,069
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$108,515
Fundraising Direct Expenses$47,369
Professional Fundraising Fees$1,000

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$84,020$84,020$35,137$48,883
5k & Color US Kids Run$19,325$19,325$10,620$8,705
Total Events$108,515$108,515$47,369$61,146
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$737,683
Agency Funds$3,204

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
Timothy P Costello
Title
Head of School
Phone
3022390330
Signed
2024-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy P Costello
Formed
1978
Legal Domicile
De
Voting Board Members
13
Independent Board Members
13
Employees
125
Volunteers
50

Preparer

Firm
Cover & Rossiter Pa
Address
2711 CENTERVILLE ROAD SUITE 100, WILMINGTON, DE 19808
Preparer
Peter S Kennedy CPA
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 II, LINE 9:

“The school does not reflect the easement in its financial statements since it does not consider it a financial asset.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 53,069. Independence parents' association contribution 50,000.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Independence parents' association revenue 190,851.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 53,069.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Independence parents' association expenses 138,579.”

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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/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1330470
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1422785
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1516966
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt164173
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IRS990/Form990PartVIISectionAGrp/PersonNm8JEFFREY SHAHAN
IRS990/Form990PartVIISectionAGrp/PersonNm9MONA SINGH
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IRS990/Form990PartVIISectionAGrp/PersonNm12RACHEL WOOD
IRS990/Form990PartVIISectionAGrp/PersonNm13VICTORIA C YATZUS
IRS990/Form990PartVIISectionAGrp/PersonNm14PATRICK BURNS JR
IRS990/Form990PartVIISectionAGrp/PersonNm15BERNADETTE GILMORE
IRS990/Form990PartVIISectionAGrp/PersonNm16MICHELE HARRA
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13235606
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14105599
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15107530
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16102566
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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/TitleTxt13HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF FINANCE AND OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF ACADEMIC INNOVATION
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF ADVANCEMENT AND ENROLLMENT MANAGEMENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt047369
IRS990/FundraisingGrossIncomeAmt0108515
IRS990/GainOrLossGrp/SecuritiesAmt0121823
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantAmt01980592
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01980592
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01980592
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0918426
IRS990/GrossReceiptsAmt013200189
IRS990/GrossRentsGrp/RealAmt091675
IRS990/GrossSalesOfInventoryAmt069376
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt06815
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt042592
IRS990/InformationTechnologyGrp/ProgramServicesAmt0120963
IRS990/InformationTechnologyGrp/TotalAmt0170370
IRS990/InsuranceGrp/FundraisingAmt04026
IRS990/InsuranceGrp/ManagementAndGeneralAmt025161
IRS990/InsuranceGrp/ProgramServicesAmt071458
IRS990/InsuranceGrp/TotalAmt0100645
IRS990/InterestGrp/ManagementAndGeneralAmt0180847
IRS990/InterestGrp/TotalAmt0180847
IRS990/InventoriesForSaleOrUseGrp/BOYAmt019460
IRS990/InventoriesForSaleOrUseGrp/EOYAmt027779
IRS990/InvestmentIncomeGrp/ExclusionAmt0281811
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0281811
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt08037622
IRS990/InvestmentsPubTradedSecGrp/EOYAmt08912253
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt015496713
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012457501
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011815731
IRS990/LandBldgEquipCostOrOtherBssAmt027312444
IRS990/LegalDomicileStateCd0DE
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0796603
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/NetAssetsOrFundBalancesBOYAmt018060314
IRS990/NetAssetsOrFundBalancesEOYAmt018426602
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0121823
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0121823
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt061146
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt061146
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt016307
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt016307
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt091675
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt091675
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0374378
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt010564500
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt010418823
IRS990/NoncashContributionsAmt0887179
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt022081
IRS990/OccupancyGrp/ManagementAndGeneralAmt0138001
IRS990/OccupancyGrp/ProgramServicesAmt0391931
IRS990/OccupancyGrp/TotalAmt0552013
IRS990/OfficeExpensesGrp/ProgramServicesAmt0213833
IRS990/OfficeExpensesGrp/TotalAmt0213833
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0272681
IRS990/OtherAssetsTotalGrp/EOYAmt0109916
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt010705
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt061109
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0267674
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0339488
IRS990/OtherExpensesGrp/Desc0GIFTS IN KIND
IRS990/OtherExpensesGrp/Desc1STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt026945
IRS990/OtherExpensesGrp/FundraisingAmt165703
IRS990/OtherExpensesGrp/FundraisingAmt25993
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0823480
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt169790
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt237457
IRS990/OtherExpensesGrp/ProgramServicesAmt0355852
IRS990/OtherExpensesGrp/ProgramServicesAmt165329
IRS990/OtherExpensesGrp/ProgramServicesAmt2106379
IRS990/OtherExpensesGrp/TotalAmt0850425
IRS990/OtherExpensesGrp/TotalAmt1355852
IRS990/OtherExpensesGrp/TotalAmt2200822
IRS990/OtherExpensesGrp/TotalAmt3149829
IRS990/OtherLiabilitiesGrp/BOYAmt0671666
IRS990/OtherLiabilitiesGrp/EOYAmt0740887
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/BusinessCd1611600
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/Desc1IPA REVENUE
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1190851
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0216500
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1190851
IRS990/OtherRevenueTotalAmt0407351
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0162122
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0907126
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03381789
IRS990/OtherSalariesAndWagesGrp/TotalAmt04451037
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt012511
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt084262
IRS990/PayrollTaxesGrp/ProgramServicesAmt0247557
IRS990/PayrollTaxesGrp/TotalAmt0344330
IRS990/PensionPlanContributionsGrp/FundraisingAmt06770
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt036367
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0133705
IRS990/PensionPlanContributionsGrp/TotalAmt0176842
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0655021
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0564867
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0TIMOTHY P COSTELLO
IRS990/PriorPeriodAdjustmentsAmt0-477797
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION & FEES
IRS990/ProgramServiceRevenueGrp/Desc1AUXILLIARY SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08930236
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1551841
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08930236
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1551841
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01553192
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02081786
IRS990/PYInvestmentIncomeAmt01260410
IRS990/PYOtherExpensesAmt02859573
IRS990/PYOtherRevenueAmt0551887
IRS990/PYProgramServiceRevenueAmt08872232
IRS990/PYRevenuesLessExpensesAmt01806015
IRS990/PYSalariesCompEmpBnftPaidAmt05435432

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,844,847
Liabilities
$8,418,245
Net assets
$18,426,602
Revenue
$12,303,148
Expenses
$11,833,441
Net income
$469,707
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
2023Detailed filing. Detailed filing data is available for this year.$26.8$8.42$18.4$12.3$11.8$0.47
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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