Independent School Inc
- Assets
- $14.0m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 212
- Location
- Wichita, KS
- Founding
- 00/0000
- Data as of
- 06/2022
- EIN
- 48-0914282
Organization Overview
Independent School Inc is located in Wichita, KS. The organization was established in 0000. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Independent School Inc employed 212 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent School Inc 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, Independent School Inc generated $8.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $9.1m during the year ending 06/2022. While expenses have increased by 3.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SUPERIOR, INDEPENDENT, COLLEGE PREPARATORY EDUCATION, SERVING A DIVERSE STUDENT POPULATION IN A SAFE, SUPPORTIVE, COMMUNITY, CONDUCIVE TO THE INTELLECTUAL, EMOTIONAL AND PHYSICAL GROWTH OF EACH INDEPENDENT STUDENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PRIVATE EDUCATION TO APPROXIMATELY 500 STUDENTS FROM 6 WEEKS THROUGH 12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Addington Treasurer | OfficerTrustee | 1 | $0 |
Tim Aziere Vice President | OfficerTrustee | 1 | $0 |
Kurt Burmeister Trustee | Trustee | 1 | $0 |
Gina Carnley Trustee | Trustee | 1 | $0 |
Stepahnie Faber Trustee | Trustee | 1 | $0 |
Careem Gladney Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Icon Structures Construction | 6/29/19 | $1,439,003 |
Harman Huffman Construction Group Construction | 6/29/19 | $953,007 |
Atg Ram Industries Construction | 6/29/19 | $135,996 |
Wise And Associates Janitorial & Maint Services | 6/29/19 | $234,934 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $130,077 |
| All other contributions, gifts, grants, and similar amounts not included above | $554,582 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $684,659 |
| Total Program Service Revenue | $7,453,260 |
| Investment income | $31,561 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,274,560 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,122,640 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $152,604 |
| Compensation of current officers, directors, key employees. | $28,995 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,160,300 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $462,089 |
| Payroll taxes | $329,226 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $70,045 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $713,719 |
| Insurance | $0 |
| All other expenses | $424,405 |
| Total functional expenses | $9,092,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $739,451 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,676,109 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,974,960 |
| Investments—publicly traded securities | $530,850 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $104,414 |
| Total assets | $14,025,784 |
| Accounts payable and accrued expenses | $554,543 |
| Grants payable | $0 |
| Deferred revenue | $4,624,697 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,677,235 |
| Total liabilities | $6,856,475 |
| Net assets without donor restrictions | $7,148,875 |
| Net assets with donor restrictions | $20,434 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,025,784 |