Overview
What is Independence Mission Schools?
Independence Mission Schools is a nonprofit organization based in Philadelphia, Pennsylvania. They manage a network of Catholic elementary schools through a central office, offering support to all schools. With a mission to provide sustainable, affordable, and high-quality Catholic education to nearly 4,000 children of all faiths in underserved urban neighborhoods, Independence Mission Schools employ a new model of governance, funding, and accountability for member schools. Despite facing challenges during the ongoing pandemic, the schools have achieved impressive academic growth in English Language Arts and Math, surpassing both national and high-poverty learning statistics. The organization is currently supported by donors and has a workforce of 598 employees.
Official website here: www.independencemissionschools.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Independence Mission Schools has achieved a high rating of 95%, reflecting strong performance particularly in accountability and finance. The organization has demonstrated a commitment to transparency and responsible management of funds, evidenced by their independent board structure and rigorous financial oversight practices. This high level of accountability is critical for donor trust and reflects the organization's dedication to serving its mission effectively.
The nonprofit excels in its program expense ratio, with 86.02% of its expenditures directed towards program services, indicating a focus on maximizing impact. Additionally, their fundraising efficiency is commendable, with only $0.04 spent to raise each dollar, showcasing effective resource management. The organization also has a healthy working capital ratio, indicating robust financial health and sustainability.
Despite the strengths highlighted in the data, no specific limitations or challenges were mentioned in the feedback. Overall, Independence Mission Schools stands out as a well-managed organization that prioritizes accountability and effective use of resources to support its educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Independence Mission Schools legitimate?
Independence Mission Schools is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence Mission Schools submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $284,379
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,720,877
For more financial information, click here
Official website here: www.independencemissionschools.org
What is the mission statement of Independence Mission Schools?
Independence Mission Schools (IMS) oversee a network of Catholic elementary schools, offering support to each institution through a central office. IMS's mission is geared towards providing sustainable, affordable, and high-quality Catholic education to approximately 4,000 students of all faiths in underserved urban neighborhoods. This is achieved by implementing a novel model of governance, funding, and accountability for the affiliated schools. IMS's commitment extends beyond faith-based education, ensuring access to quality education for children in underprivileged areas. By fostering a strong support system, IMS empowers its schools to deliver an exceptional educational experience to their students.
Official website here: www.independencemissionschools.org
Who is the CEO of Independence Mission Schools?
Bruce Robinson is the Ceo And Pres of Independence Mission Schools. The CEO's salary of Independence Mission Schools is $272,700 and their total compensation is $295,132.
Official website here: www.independencemissionschools.org
What is the revenue of Independence Mission Schools?
Independence Mission Schools's revenue in 2022 was $38,175,969.
Official website here: www.independencemissionschools.org
Who are the executives of Independence Mission Schools and what are their salaries?
The average compensation at Independence Mission Schools during 2022 was $30,109. There are 598 employees and 32 volunteers at Independence Mission Schools.
Here are 31 key members and their salaries (Independence Mission Schools's CEO's salary is $272,700 and their total compensation is $295,132):
- Compensation: $272,700
- Related: $0
- Other: $22,432
- Compensation: $131,300
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- Other: $14,266
- Compensation: $127,475
- Related: $0
- Other: $12,114
- Compensation: $117,043
- Related: $0
- Other: $15,274
- Compensation: $106,050
- Related: $0
- Other: $11,017
- Compensation: $100,298
- Related: $0
- Other: $4,892
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Official website here: www.independencemissionschools.org
Where can I find the form 990 for Independence Mission Schools?
Independence Mission Schools's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.independencemissionschools.org
Learn more at the official website: www.independencemissionschools.org
Mission Statement of Independence Mission Schools
Independence Mission Schools (IMS), a network of Catholic elementary schools, is dedicated to delivering sustainable, affordable, top-notch education to almost 4,000 students of various faiths in underprivileged urban neighborhoods. IMS’ central office offers essential support to all its schools, allowing them to thrive under a new model of governance, funding, and accountability. IMS' primary objective is to provide quality education that nurtures the next generation in underserved urban communities, ensuring their social and academic growth.
The mission of Independence Mission Schools is rooted in offering a fresh approach to Catholic education. Through this innovative model, IMS ensures its schools are well-funded, governed effectively, and held accountable for delivering excellent academic outcomes. By managing a network of Catholic elementary schools with unwavering support from the central office, IMS is making a difference in the lives of thousands of students and their families. Their commitment to providing affordable education in underserved urban areas is a testament to their dedication to equitable access to quality education.
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Impact
October, 2024
Independence Mission Schools (IMS) has significantly impacted the educational landscape in Philadelphia by providing sustainable, affordable, high-quality Catholic education to nearly 4,000 children from diverse faith backgrounds in underserved urban neighborhoods. By managing a network of Catholic elementary schools through a centralized support system, IMS fosters an environment focused on academic excellence and community engagement.
Despite the challenges posed by the pandemic, IMS demonstrated resilience by surpassing national learning growth statistics in both English Language Arts and Math. This achievement reinforces its commitment to improving student academic outcomes and reflects the effectiveness of its strategic governance model. The positive reception from donors indicates strong community support and confidence in IMS's initiatives, which aim to continuously elevate the quality of education provided to its students.
Through its innovative approach to funding and accountability for member schools, IMS not only addresses immediate educational needs but also lays the groundwork for sustained academic success. By prioritizing accessible education for all students, IMS contributes to breaking the cycle of educational inequity in the region and empowers its students to achieve their fullest potential.
This information is meant to be a general summary of Independence Mission Schools. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,638
- Program Service Revenue: $12,137,051
- Gross Receipts: $38,228,998
Assets and Liabilities:
- Total Assets: $39,191,945
- Total Liabilities: $7,433,846
- Net Assets: $31,758,099
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$11,216,334
OTHER SCHOOL INCOME
Revenue
$920,717
Organization Details
Founding Year
2012
Phone
(610) 200-5100Principal Officer
Bruce Robinson
Main Address
1012 W THOMPSON STREET, PHILADELPHIA, PA, 19405
NTEE Category
Code: B24 - Education
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