Civic Intelligence

Ims Foundation

EIN 86-3279821 • 501(c)3 • Philadelphia, PA

Profile

To receive, manage, distribute assets for charitable purposes in support of independence mission schools, a pennsylvania non-profit corporation recognized as tax exempt under section 501(c)(3) of the code as a public charity.

1012 W Thompson StreetPhiladelphia, PA 19122

n/A

Siviq Scores

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

Liabilities / Assets

79th percentile

0.60x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

98th percentile

18.47x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

83rd percentile

21%

Faster asset growth than 83% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

1st percentile

-74%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$40,413,352

Up $6,983,029 (+21%) from 2024

Liabilities

Up

$24,439,566

Up $5,300,213 (+28%) from 2024

Net Assets

Up

$15,973,786

Up $1,682,816 (+12%) from 2024

Operations
Liabilities / Revenue98th percentileNet Margin99th percentile

Revenue

Down

$1,322,883

Down $3,764,509 (-74%) from 2024

Expenses

Up

$32,953

Up $26,876 (+442%) from 2024

Net Income

Down

$1,289,930

Down $3,791,385 (-75%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth83rd percentile

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

$60M$40M$20M$0Assets 2022: $8,663,872Liabilities 2022: $510Net Assets 2022: $8,663,3622022Assets 2023: $18,522,178Liabilities 2023: $9,528,604Net Assets 2023: $8,993,5742023Assets 2024: $33,430,323Liabilities 2024: $19,139,353Net Assets 2024: $14,290,9702024Assets 2025: $40,413,352Liabilities 2025: $24,439,566Net Assets 2025: $15,973,7862025

Highlighted filing

2025

Assets$40,413,352
Liabilities$24,439,566
Net Assets$15,973,786
Open 2025 Filing

Operations Trend

Revenue Growth1st percentile

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

$10M$5.0M$0Revenue 2022: $8,736,276Expenses 2022: $1,032Net Income 2022: $8,735,2442022Revenue 2023: $1,312,069Expenses 2023: $1,007,608Net Income 2023: $304,4612023Revenue 2024: $5,087,392Expenses 2024: $6,077Net Income 2024: $5,081,3152024Revenue 2025: $1,322,883Expenses 2025: $32,953Net Income 2025: $1,289,9302025

Highlighted filing

2025

Revenue$1,322,883
Expenses$32,953
Net Income$1,289,930
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$40,413,352
Liabilities
$24,439,566
Net assets
$15,973,786
Revenue
$1,322,883
Expenses
$32,953
Net income
$1,289,930
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$40.4$24.4$16.0$1.32$0.03$1.29
2024Detailed filing. Detailed filing data is available for this year.$33.4$19.1$14.3$5.09$0.01$5.08
2023Detailed filing. Detailed filing data is available for this year.$18.5$9.53$8.99$1.31$1.01$0.30
2022Detailed filing. Detailed filing data is available for this year.$8.66$0.00$8.66$8.74$0.00$8.74
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 22, 2025
Return Version
2024v5.2
Gross Receipts
$1,322,883
Mission and Program Overview

Mission

To receive, manage, distribute assets for charitable purposes in support of independence mission schools, a pennsylvania corporation recognized as tax exempt under section 501(c)(3) of the code as a public charity.

To receive, manage, distribute assets for charitable purposes in support of independence mission schools, a pennsylvania non-profit corporation recognized as tax exempt under section 501(c)(3) of the code as a public charity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$23,018,608$31,532,601▲ $8,513,993
Pledges and Grants Receivable$9,799,082$8,524,387▼ $1,274,695
Savings and Temporary Cash Investments$612,633$356,364▼ $256,269
Total Assets$33,430,323$40,413,352▲ $6,983,029
Liabilities
Other Liabilities$19,139,353$24,437,566▲ $5,298,213
Accounts Payable and Accrued Expenses-$2,000-
Total Liabilities$19,139,353$24,439,566▲ $5,300,213
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,196,423$14,371,379▲ $1,174,956
Net Assets With Donor Restrictions$1,094,547$1,602,407▲ $507,860
Total Net Assets Fund Balance$14,290,970$15,973,786▲ $1,682,816
Total Liabilities and Net Assets / Fund Balance$33,430,323$40,413,352▲ $6,983,029
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Kenneth PhelanPresident
Maris OggVice President
Michael PiotrowiczBoard Member
Richard NourieBoard Member
Sr Mary BroderickBoard Member
Stephen SmithBoard Member
Joseph StapletonSecretary
Lauren AdamskiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,171,480
Program Service Revenue
$0
Investment Income
$151,403
Other Revenue
$0
All Other Contributions
$1,171,480
Change in Net Assets
$1,289,930

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,322,883
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$392,886
Total Revenue per Audited Statements
$1,715,769
Total Revenue per Form 990
$1,322,883
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$32,953
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$7,250-$7,250
Other Expenses-$1,529-$1,529
Total Functional Expenses$0$32,953$0$32,953

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$32,953
Total Expenses per Audited Statements$32,953
Total Expenses per Form 990$32,953
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Others - Related$24,437,566
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A draft of the form 990 is provided to all board members prior to filing.”

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

“The foundation requires officers and directors to annually disclose any conflicts.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Ims Foundation
EIN
86-3279821
Phone
6102005100
Address
1012 W THOMPSON STREET, PHILADELPHIA, PA 19122

Signing Officer

Name
Lauren Adamski
Title
Treasurer
Phone
6102005100
Signed
2025-12-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Phelan
Formed
2021
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

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

Financial Statement Notes

PART X, LINE 2:

“The foundation is exempt from income tax under irc section 501(c)(3), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. The foundation has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations; and to identify and evaluate other matters that may be considered tax positions. The foundation has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/NetUnrealizedGainsInvstAmt0392886
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024437566
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS HELD FOR OTHERS - RELATED
IRS990ScheduleD/RevenueNotReportedAmt0392886
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01322883
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE FOUNDATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt032953
IRS990ScheduleD/TotalLiabilityAmt024437566
IRS990ScheduleD/TotalRevenuePerForm990Amt01322883
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01715769
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt032953
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION REQUIRES OFFICERS AND DIRECTORS TO ANNUALLY DISCLOSE ANY CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt033430323
IRS990/TotalAssetsEOYAmt040413352
IRS990/TotalAssetsGrp/BOYAmt033430323
IRS990/TotalAssetsGrp/EOYAmt040413352
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01171480
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt032953
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt032953
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019139353
IRS990/TotalLiabilitiesEOYAmt024439566
IRS990/TotalLiabilitiesGrp/BOYAmt019139353
IRS990/TotalLiabilitiesGrp/EOYAmt024439566
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt014290970
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt015973786
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0151403
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01322883
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt033430323
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt040413352
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01012 W THOMPSON STREET
IRS990/USAddress/CityNm0PHILADELPHIA
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019122
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LAUREN ADAMSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06102005100
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-12-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IMS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0IMSF
ReturnHeader/Filer/EIN0863279821
ReturnHeader/Filer/PhoneNum06102005100
ReturnHeader/Filer/USAddress/AddressLine1Txt01012 W THOMPSON STREET
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019122
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471352305
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0O'CONNELL & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0240 GIBRALTAR ROAD SUITE 260
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HORSHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019044
ReturnHeader/PreparerPersonGrp/PhoneNum02158874425
ReturnHeader/PreparerPersonGrp/PreparationDt02025-12-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TERENCE M O'CONNELL CPA
ReturnHeader/ReturnTs02025-12-23T09:59:35-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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