Philadelphia Independent Mission Schools

Organization Overview

Philadelphia Independent Mission Schools, operating under the name Independence Mission Schools, is located in Philadelphia, PA. The organization was established in 2013. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Independence Mission Schools employed 598 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independence Mission Schools is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Independence Mission Schools generated $38.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $31.7m during the year ending 06/2022. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

INDEPENDENCE MISSION SCHOOLS MANAGES A NETWORK OF CATHOLIC ELEMENTARY SCHOOLS THROUGH A CENTRAL OFFICE LOCATION WHICH PROVIDES SUPPORT TO ALL OF THE SCHOOLS. THE MISSION OF IMS IS TO PROVIDE SUSTAINABLE, AFFORDABLE, HIGH-QUALITY CATHOLIC EDUCATION TO NEARLY 4,000 CHILDREN OF ALL FAITHS IN UNDERSERVED URBAN NEIGHBORHOODS THROUGH A NEW MODEL OF GOVERNANCE, FUNDING, AND ACCOUNTABILITY FOR THE MEMBER SCHOOLS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IMS COMPLETED ITS NINTH YEAR OF OPERATIONS IN JUNE 2022. THE FIRST YEAR OF THE STRATEGIC PLAN HAD SOME CHALLENGES AS THE PANDEMIC CONTINUED TO IMPACT ELEMENTARY SCHOOLS. HOWEVER, IMS OUTPERFORMED BOTH NATIONAL AND HIGH- POVERTY LEARNING GROWTH STATISTICS IN BOTH ENGLISH LANGUAGE ARTS AND MATH. THESE RESULTS SUPPORT OUT STRATEGIC PLAN GOAL OF IMPROVING STUDENT ACADEMIC OUTCOMES. IMS HAS RECEIVED POSITIVE SUPPORT OF ITS PLAN FROM DONORS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Office Basics
Office Supplies
$378,087
Porter & Curtis Llc
Insurance
$273,955
Valley Forge Investment Corp
Mgmt & Acct Svs
$267,480
Tads
Tuition Mgmt
$384,777
Independence Blue Cross
Health Ins
$1,855,230
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$25,889,105
Noncash contributions included in lines 1a–1f $715,421
Total Revenue from Contributions, Gifts, Grants & Similar$25,889,105
Total Program Service Revenue$12,137,051
Investment income $5,638
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $111,333
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $38,175,969

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Philadelphia Independent Mission Schools has recieved totaling $567,418.

Awarding OrganizationAmount
Elevate 215

Philadelphia, PA

PURPOSE: Strategic Planning

$396,668
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$129,250
Families Behind The Badge Childrens Foundation

Conshohocken, PA

PURPOSE: EDUCATION

$25,000
American Endowment Foundation

Hudson, OH

PURPOSE: EDUCATIONAL

$16,500
View Grant Recipient Profile

Peer Organizations

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