Independence School Inc

Organization Overview

Independence School Inc is located in Newark, DE. The organization was established in 1979. 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 School Inc employed 117 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independence 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, Independence School Inc generated $12.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $10.4m during the year ending 06/2022. While expenses have increased by 1.7% 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

THE INDEPENDENCE SCHOOL INSPIRES STUDENTS TO BECOME INDEPENDENT, INTELLECTUALLY CURIOUS INDIVIDUALS WHO POSSESS AN EXCEPTIONAL SPIRIT FOR LEARNING, LEADERSHIP AND CITIZENSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE INDEPENDENCE SCHOOL IS AN INDEPENDENT SCHOOL FOR CHILDREN FROM PRESCHOOL TO 8TH GRADE. THERE WERE APPROXIMATELY 437 STUDENTS ENROLLED DURING THE YEAR.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Beyond Bright Services Inc
Custiodial Services
$142,252
Pegasus Technologies
It Consulting
$135,456
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$1,553,192
Noncash contributions included in lines 1a–1f $115,123
Total Revenue from Contributions, Gifts, Grants & Similar$1,553,192
Total Program Service Revenue$8,872,232
Investment income $267,721
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $68,680
Net Gain/Loss on Asset Sales $992,689
Net Income from Fundraising Events $65,149
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $35,632
Miscellaneous Revenue$0
Total Revenue $12,237,721

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Independence School Inc has recieved totaling $1,000.

Awarding OrganizationAmount
Redy Foundation Inc

Newark, DE

PURPOSE: GOODWORSKCHARITY

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,928,470
Earnings-$1,148,323
Net Contributions$3,071,568
Other Expense$814,093
Ending Balance$8,037,622

Peer Organizations

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