Civic Intelligence

The Independence School Inc

990 • Fiscal year 2024 • EIN 51-0225189

Jul 01, 2023 to Jun 30, 2024 • Filed on May 05, 2025

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.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.74x

Higher debt load relative to revenue than 73% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

48th percentile

3.4%

Higher net margin than 48% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

31st percentile

$191,444

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

49th percentile

5.2%

Faster asset growth than 49% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

22nd percentile

-5.4%

Faster revenue growth than 22% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$28,248,423

Up $1,230,458 (+4.6%) from 2022

Net Assets

Up

$19,600,702

Up $1,540,388 (+8.5%) from 2022

Liabilities

Down

$8,647,721

Down $309,930 (-3.5%) from 2022

Revenue

Down

$11,633,796

Down $603,925 (-4.9%) from 2022

Expenses

Up

$11,235,947

Up $804,241 (+7.7%) from 2022

Net Income

Down

$397,849

Down $1,408,166 (-78%) from 2022

Historical Trend

Balance Sheet Trend

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 2024: $28,248,423Liabilities 2024: $8,647,721Net Assets 2024: $19,600,7022024Assets 2025: $29,057,618Liabilities 2025: $8,158,698Net Assets 2025: $20,898,9202025

Highlighted filing

2024

Assets$28,248,423
Liabilities$8,647,721
Net Assets$19,600,702

Operations Trend

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 2024: $11,633,796Expenses 2024: $11,235,947Net Income 2024: $397,8492024Revenue 2025: $12,787,471Expenses 2025: $12,028,681Net Income 2025: $758,7902025

Highlighted filing

2024

Revenue$11,633,796
Expenses$11,235,947
Net Income$397,849
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 5, 2025
Return Version
2023v6.0
Gross Receipts
$14,621,424
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
Investments in Publicly Traded Securities$8,912,253$12,430,182▲ $3,517,929
Land, Buildings, and Equipment, Net$11,815,731$11,249,416▼ $566,315
Cash and Non-Interest-Bearing Accounts$5,362,146$4,028,613▼ $1,333,533
Pledges and Grants Receivable$564,867$387,942▼ $176,925
Accounts Receivable$52,155$41,035▼ $11,120
Inventories for Sale or Use$27,779$26,614▼ $1,165
Total Assets$26,844,847$28,248,423▲ $1,403,576
Other Assets Total$109,916$84,621▼ $25,295
Liabilities
Tax Exempt Bond Liabilities$5,265,931$5,064,596▼ $201,335
Deferred Revenue$2,234,417$2,791,001▲ $556,584
Other Liabilities$740,887$692,113▼ $48,774
Accounts Payable and Accrued Expenses$177,010$100,011▼ $76,999
Total Liabilities$8,418,245$8,647,721▲ $229,476
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,418,823$10,955,964▲ $537,141
Net Assets With Donor Restrictions$8,007,779$8,644,738▲ $636,959
Total Net Assets Fund Balance$18,426,602$19,600,702▲ $1,174,100
Total Liabilities and Net Assets / Fund Balance$26,844,847$28,248,423▲ $1,403,576

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,928,399$15,506,801$25,435,200
Land$847,749-$847,749
Equipment$424,090$385,997$810,087
Other Land Buildings$49,178-$49,178

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$8,912,253$104,001▲ $1,183,517$343,610$9,856,161
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy CostelloHead of School (from 7/2023)FT$175,981$15,463$191,444
Victoria C YatzusHead of School (until 7/2023)FT$122,215$11,964$134,179
Patrick Burns JrDirector of Finance and OperationsFT$114,785$18,230$133,015
Christy KoenseLower School HeadFT$104,377$20,342$124,719
Amy GrahamMiddle School HeadFT$104,046$15,958$120,004
Michele HarraDirector of Advancement and Enrollment ManagementFT$108,932$4,940$113,872

Board Members and Trustees

NameTitle
Amelia WyantPresident
Kristin GiffinVice President
Carrie FangBoard Member
Dr Deepika ThackerBoard Member
Dr Mia PapasBoard Member
Jeffrey ShahanBoard Member
Kevin DombrowskiBoard Member
Mona SinghBoard Member
Vincent C Thomas EsqBoard Member
Christine CookBoard Member (from 7/2023)
Katie BurkeBoard Member (from 7/2023)
Rachel WoodBoard Member (until 5/2024)
Thomas HannaBoard Member (until 5/2024)
Bianca Fraser-johnsonSecretary
Bill DorohTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
CorbettFurniture Supplier56 BUTTONWOOD STREET, Norristown, PA 19401$166,571
Beyond Bright Services INCCustodial Services1338 LOVERING AVE, Wilmingtion, DE 19806$144,000
Porter FordVan Supplier600 OGLETOWN ROAD, Newark, DE 19711$112,598
Revenue and Support

Revenue Composition

Contributions and Grants
$515,210
Program Service Revenue
$10,102,795
Investment Income
$628,816
Other Revenue
$386,975
All Other Contributions
$515,210
Change in Net Assets
$397,849

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
Securities Publicly Traded8$84,767Fair Market Value
Other Non Cash Contri Table71$57,596Fair Market Value
Other Non Cash Contri Table51$10,255Fair Market Value
Total Noncash Contributions130$152,618-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,491,018
Revenue Not Reported on Financial Statements
$2,142,778
Revenue Not Reported on Form 990
$832,548
Other Revenue Adjustments
$2,094,209
Total Revenue per Audited Statements
$10,323,566
Total Revenue per Form 990
$11,633,796
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,220,919
Other Expenses$2,975,390
Grants and Similar Amounts Paid$2,039,638
Total Fundraising Expense$455,090
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,603,366$983,439$191,315$4,778,120
Grants to Domestic Individuals$2,039,638--$2,039,638
Depreciation Depletion$426,171$158,292$24,353$608,816
Occupancy$410,704$152,548$23,469$586,721
Current Officers, Directors, Trustees, and Key Employees$32,798$389,432$46,914$469,144
Other Employee Benefits$338,492$59,750$12,733$410,975
Payroll Taxes$264,773$96,013$16,548$377,334
All Other Expenses$83,434$10,255$95,768$189,457
Pension Plan Contributions$136,475$41,162$7,709$185,346
Office Expenses$178,550--$178,550
Interest-$174,547-$174,547
Advertising$139,966$8,890$15,406$164,262
Information Technology$107,376$39,882$6,136$153,394
Other Expenses$138,975$90,632$2,568$138,975
Insurance$77,984$28,965$4,456$111,405
Fees for Service Investment Mgmnt Fees-$48,569-$48,569
Fees for Services Accounting-$36,500-$36,500
Fees for Services Other$11,150$4,142$637$15,929
Fees for Services Legal$3,788$1,407$216$5,411
Total Functional Expenses$8,411,829$2,369,028$455,090$11,235,947

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$11,235,947
Total Expenses per Audited Statements$9,156,091
Expenses per Audited Statements$9,104,794
Expenses Not Reported on Financial Statements$2,131,153
Other Expense Adjustments$2,082,584
Expenses Not Reported on Form 990$51,297
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$185,524
Fundraising Direct Expenses$81,846
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$149,821$149,821$69,255$80,566
5k & Color US Kids Run$27,311$27,311$8,774$18,537
Total Events$185,524$185,524$81,846$103,678
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$687,425
Agency Funds$4,688

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
2025-05-05
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
135
Volunteers
50

Preparer

Firm
Bonadio & Co Llp
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 51,297. Independence parents' association contribution 5,000.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Independence parents' association revenue 54,571. Financial aid and tuition remission 2,039,638.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 51,297.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Independence parents' association expenses 42,946. Financial aid and tuition remission 2,039,638.

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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
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/OtherCompensationAmt1515463
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1618230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1711964
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1820342
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt194940
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2015958
IRS990/Form990PartVIISectionAGrp/PersonNm0AMELIA WYANT
IRS990/Form990PartVIISectionAGrp/PersonNm1KRISTIN GIFFIN
IRS990/Form990PartVIISectionAGrp/PersonNm2BILL DOROH
IRS990/Form990PartVIISectionAGrp/PersonNm3BIANCA FRASER-JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm4KATIE BURKE
IRS990/Form990PartVIISectionAGrp/PersonNm5CHRISTINE COOK
IRS990/Form990PartVIISectionAGrp/PersonNm6KEVIN DOMBROWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm7CARRIE FANG
IRS990/Form990PartVIISectionAGrp/PersonNm8THOMAS HANNA
IRS990/Form990PartVIISectionAGrp/PersonNm9DR MIA PAPAS
IRS990/Form990PartVIISectionAGrp/PersonNm10JEFFREY SHAHAN
IRS990/Form990PartVIISectionAGrp/PersonNm11MONA SINGH
IRS990/Form990PartVIISectionAGrp/PersonNm12DR DEEPIKA THACKER
IRS990/Form990PartVIISectionAGrp/PersonNm13VINCENT C THOMAS ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm14RACHEL WOOD
IRS990/Form990PartVIISectionAGrp/PersonNm15TIMOTHY COSTELLO
IRS990/Form990PartVIISectionAGrp/PersonNm16PATRICK BURNS JR
IRS990/Form990PartVIISectionAGrp/PersonNm17VICTORIA C YATZUS
IRS990/Form990PartVIISectionAGrp/PersonNm18CHRISTY KOENSE
IRS990/Form990PartVIISectionAGrp/PersonNm19MICHELE HARRA
IRS990/Form990PartVIISectionAGrp/PersonNm20AMY GRAHAM
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/ReportableCompFromOrgAmt15175981
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16114785
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17122215
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18104377
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19108932
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20104046
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/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER (FROM 7/2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER (FROM 7/2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER (UNTIL 5/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER (UNTIL 5/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt15HEAD OF SCHOOL (FROM 7/2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF FINANCE AND OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt17HEAD OF SCHOOL (UNTIL 7/2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt18LOWER SCHOOL HEAD
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR OF ADVANCEMENT AND ENROLLMENT MANAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20MIDDLE SCHOOL HEAD
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt081846
IRS990/FundraisingGrossIncomeAmt0185524
IRS990/GainOrLossGrp/OtherAmt0-13047
IRS990/GainOrLossGrp/SecuritiesAmt0177211
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantAmt02039638
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt02039638
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt02039638
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0342223
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02676426
IRS990/GrossReceiptsAmt014621424
IRS990/GrossRentsGrp/RealAmt0101423
IRS990/GrossSalesOfInventoryAmt064659
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt06136
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt039882
IRS990/InformationTechnologyGrp/ProgramServicesAmt0107376
IRS990/InformationTechnologyGrp/TotalAmt0153394
IRS990/InsuranceGrp/FundraisingAmt04456
IRS990/InsuranceGrp/ManagementAndGeneralAmt028965
IRS990/InsuranceGrp/ProgramServicesAmt077984
IRS990/InsuranceGrp/TotalAmt0111405
IRS990/InterestGrp/ManagementAndGeneralAmt0174547
IRS990/InterestGrp/TotalAmt0174547
IRS990/InventoriesForSaleOrUseGrp/BOYAmt027779
IRS990/InventoriesForSaleOrUseGrp/EOYAmt026614
IRS990/InvestmentIncomeGrp/ExclusionAmt0464652
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0464652
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt08912253
IRS990/InvestmentsPubTradedSecGrp/EOYAmt012430182
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt015892798
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011815731
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011249416
IRS990/LandBldgEquipCostOrOtherBssAmt027142214
IRS990/LegalDomicileStateCd0DE
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0355270
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02499215
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/NetAssetsOrFundBalancesBOYAmt018426602
IRS990/NetAssetsOrFundBalancesEOYAmt019600702
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0164164
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0164164
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0103678
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0103678
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt013362
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt013362
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0101423
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0101423
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0776251
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt010418823
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt010955964
IRS990/NoncashContributionsAmt0152618
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt023469
IRS990/OccupancyGrp/ManagementAndGeneralAmt0152548
IRS990/OccupancyGrp/ProgramServicesAmt0410704
IRS990/OccupancyGrp/TotalAmt0586721
IRS990/OfficeExpensesGrp/ProgramServicesAmt0178550
IRS990/OfficeExpensesGrp/TotalAmt0178550
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0109916
IRS990/OtherAssetsTotalGrp/EOYAmt084621
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt012733
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt059750
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0338492
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0410975
IRS990/OtherExpensesGrp/Desc0STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc3AUXILIARY SERVICES
IRS990/OtherExpensesGrp/FundraisingAmt06862
IRS990/OtherExpensesGrp/FundraisingAmt12568
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt044603
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt190632
IRS990/OtherExpensesGrp/ProgramServicesAmt0231685
IRS990/OtherExpensesGrp/ProgramServicesAmt1120085
IRS990/OtherExpensesGrp/ProgramServicesAmt266419
IRS990/OtherExpensesGrp/ProgramServicesAmt3138975
IRS990/OtherExpensesGrp/TotalAmt0231685
IRS990/OtherExpensesGrp/TotalAmt1171550
IRS990/OtherExpensesGrp/TotalAmt2159619
IRS990/OtherExpensesGrp/TotalAmt3138975
IRS990/OtherLiabilitiesGrp/BOYAmt0740887
IRS990/OtherLiabilitiesGrp/EOYAmt0692113
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/BusinessCd1611600
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/Desc1IPA REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0113941
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt154571

Document Assets

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Filings

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
2024Detailed filing. Detailed filing data is available for this year.$28.2$8.65$19.6$11.6$11.2$0.40
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