2024-04-15T13:17:48-05:00 2023-06-30 510232475 COVER & ROSSITER PA 2711 CENTERVILLE ROAD SUITE 100 WILMINGTON DE 19808 990 2022-07-01 510225189 THE INDEPENDENCE SCHOOL INC INDE 3022390330 1300 PAPER MILL ROAD NEWARK DE 197113408 TIMOTHY P COSTELLO HEAD OF SCHOOL 3022390330 2024-04-15 1 TIMOTHY COSTELLO 999009999 1 PETER S KENNEDY CPA P00571422 3026566632 2024-04-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TIMOTHY P COSTELLO 1300 PAPER MILL ROAD NEWARK DE 197113408 13200189 0 X WWW.THEINDEPENDENCESCHOOL.ORG X 1978 DE THE INDEPENDENCE SCHOOL INSPIRES STUDENTS TO BECOME INDEPENDENT, INTELLECTUALLY CURIOUS INDIVIDUALS WHO POSSESS AN EXCEPTIONAL SPIRIT FOR LEARNING, LEADERSHIP AND CITIZENSHIP. 13 13 125 50 0 0 1553192 1840958 8872232 9482077 1260410 403634 551887 576479 12237721 12303148 2081786 1980592 0 0 5435432 5726863 54915 1000 458850 2859573 4124986 10431706 11833441 1806015 469707 27017965 26844847 8957651 8418245 18060314 18426602 THE INDEPENDENCE SCHOOL INSPIRES STUDENTS TO BECOME INDEPENDENT, INTELLECTUALLY CURIOUS INDIVIDUALS WHO POSSESS AN EXCEPTIONAL SPIRIT FOR LEARNING, LEADERSHIP AND CITIZENSHIP. 0 0 8334846 1980592 9905735 THE INDEPENDENCE SCHOOL IS AN INDEPENDENT SCHOOL FOR CHILDREN FROM PRESCHOOL TO 8TH GRADE. THERE WERE APPROXIMATELY 437 STUDENTS ENROLLED DURING THE YEAR. 8334846 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 9 0 1 125 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X THE INDEPENDENCE SCHOOL 3022390330 1300 PAPER MILL ROAD NEWARK DE 197113408 AMELIA WYANT PRESIDENT 1.00 X X 0 0 0 KRISTIN GIFFIN VICE PRESIDENT 1.00 X X 0 0 0 BILL DOROH TREASURER 1.00 X X 0 0 0 BIANCA FRASER-JOHNSON SECRETARY 1.00 X X 0 0 0 KEVIN DOMBROWSKI BOARD MEMBER 1.00 X 0 0 0 CARRIE FANG BOARD MEMBER 1.00 X 0 0 0 THOMAS HANNA BOARD MEMBER 1.00 X 0 0 0 DR MIA PAPAS BOARD MEMBER 1.00 X 0 0 0 JEFFREY SHAHAN BOARD MEMBER 1.00 X 0 0 0 MONA SINGH BOARD MEMBER 1.00 X 0 0 0 DEEPIKA THACKER BOARD MEMBER 1.00 X 0 0 0 VINCENT C THOMAS ESQ BOARD MEMBER 1.00 X 0 0 0 RACHEL WOOD BOARD MEMBER 1.00 X 0 0 0 VICTORIA C YATZUS HEAD OF SCHOOL 40.00 X 235606 0 30470 PATRICK BURNS JR DIRECTOR OF FINANCE AND OPERATIONS 40.00 X 105599 0 22785 BERNADETTE GILMORE DIRECTOR OF ACADEMIC INNOVATION 40.00 X 107530 0 16966 MICHELE HARRA DIRECTOR OF ADVANCEMENT AND ENROLLMENT MANAGEMENT 40.00 X 102566 0 4173 551301 0 74394 4 0 1 0 BEYOND BRIGHT SERVICES INC 1338 LOVERING AVE WILMINGTION DE 19806 CUSTIODIAL SERVICES 144000 1 1840958 887179 1840958 TUITION & FEES 611600 8930236 8930236 AUXILLIARY SERVICES 611600 551841 551841 9482077 281811 281811 91675 0 91675 91675 91675 918426 796603 121823 121823 121823 108515 47369 61146 61146 69376 53069 16307 16307 MISCELLANEOUS 611600 216500 216500 IPA REVENUE 611600 190851 190851 407351 12303148 9905735 0 556455 1980592 1980592 415166 27908 359695 27563 4451037 3381789 907126 162122 176842 133705 36367 6770 339488 267674 61109 10705 344330 247557 84262 12511 1402 995 351 56 40622 40622 1000 1000 42698 42698 17709 12573 4428 708 173984 143516 15759 14709 213833 213833 170370 120963 42592 6815 552013 391931 138001 22081 180847 180847 680001 482801 170000 27200 100645 71458 25161 4026 GIFTS IN KIND 850425 823480 26945 STUDENT SERVICES 355852 355852 ADMINISTRATIVE 200822 65329 69790 65703 REPAIRS AND MAINTENANCE 149829 106379 37457 5993 393934 329991 63943 11833441 8334846 3039745 458850 5413203 5362146 116129 655021 564867 46348 52155 19460 27779 27312444 15496713 12457501 11815731 8037622 8912253 272681 109916 27017965 26844847 117315 177010 2707704 2234417 5460966 5265931 671666 740887 8957651 8418245 X 10564500 10418823 7495814 8007779 18060314 18426602 27017965 26844847 469707 374378 -477797 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 9.10 0 0 1 1 0.00 0 8037622 476854 712804 315027 8912253 6928470 3071568 -1148323 814093 8037622 5843106 125050 1249446 289132 6928470 5623236 205000 302611 287741 5843106 5505764 30543 359390 272461 5623236 0.26610 0.42570 0.30820 0 0 847749 847749 25398950 14972947 10426003 1035867 523766 512101 29878 29878 11815731 AGENCY FUNDS 3204 ACCRUED SALARIES AND PAYROLL TAXES 737683 740887 12547046 374378 103069 477447 12069599 42698 190851 233549 12303148 11705233 53069 53069 11652164 42698 138579 181277 11833441 PART II, LINE 3: EASEMENT EXPENSES ARE CHARGED TO EXPENSE ON THE STATEMENT OF ACTIVITIES. PART II, LINE 9: THE SCHOOL DOES NOT REFLECT THE EASEMENT IN ITS FINANCIAL STATEMENTS SINCE IT DOES NOT CONSIDER IT A FINANCIAL ASSET. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 53,069. INDEPENDENCE PARENTS' ASSOCIATION CONTRIBUTION 50,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: INDEPENDENCE PARENTS' ASSOCIATION REVENUE 190,851. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 53,069. PART XII, LINE 4B - OTHER ADJUSTMENTS: INDEPENDENCE PARENTS' ASSOCIATION EXPENSES 138,579. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES ITS DIVERSITY AND INCLUSION STATEMENT THROUGH THE WEBSITE ON AN ACCESSIBLE PAGE ALONGSIDE THE MISSION STATEMENT. AUCTION 84020 84020 35137 5K & COLOR US KIDS RUN 19325 19325 10620 1 5170 5170 1612 108515 108515 47369 47369 61146 1 FINANCIAL AID TO EMPLOYEE CHILDREN 31 271514 FMV FINANCIAL AID FINANCIAL AID TO OTHER STUDENTS 235 1709078 FMV FINANCIAL AID PART I, LINE 2: THE SCHOOL'S SCHOLARSHIP AND FINANCIAL AID GRANTS ARE AWARDED THROUGH AN APPLICATION AND EVALUATION PROCESS. APPLICANTS MUST DEMONSTRATE THEIR NEED. AN OUTSIDE 3RD PARTY ORGANIZATION PROCESSES APPLICATIONS AND MAKES RECOMMENDATIONS TO THE SCHOOL'S COMMITTEE REGARDING THE APPLICANTS' PROVEN NEED FOR FINANCIAL ASSISTANCE. THE COMMITTEE, COMPRISED OF SCHOOL PERSONNEL, REVIEWS THE RECOMMENDATIONS FROM THE 3RD PARTY ORGANIZATION AND APPROVES THE FINANCIAL AID AWARDED. X X X 0 0 0 0 0 0 0 0 0 VICTORIA C YATZUS HEAD OF SCHOOL 235606 0 0 0 0 0 12430 0 18040 0 266076 0 0 0 A THE DELAWARE ECONOMIC DEVELOPMENT AUTHORITY 510269736 2017-08-15 6460000 REFINANCING OF TAX-EXEMPT BOND ORIGINALLY USED FOR EXPANSION AND RENOVATIONS 0 0 0 A 6460000 133543 195996 6130461 2003 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 A 0 X 175 799250 INDEPENDENT APPRAISAL X 5 36754 FAIR MARKET VALUE X SPECIAL EVENT AUCTION ITEMS 39 26945 FAIR MARKET VALUE X SCHOOL SUPPLIES 19 18780 FAIR MARKET VALUE X LANDSCAPING 1 5450 FAIR MARKET VALUE 1 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL'S FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE PRIOR TO DISTRIBUTION TO THE FULL BOARD AND FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED TO READ THE CONFLICT OF INTEREST POLICY AND SIGN A NEW DECLARATION OF CONFLICT OF INTEREST ANNUALLY. THE CONFLICT OF INTEREST POLICY STATES THAT TRUSTEES ARE OBLIGATED TO COMPLETE A NEW DECLARATION SHOULD A NEW CONFLICT ARISE. ADDITIONALLY, TRUSTEES WILL BE REMINDED VERBALLY EACH YEAR OF THE OBLIGATION. FORM 990, PART VI, SECTION B, LINE 15 THE INDEPENDENCE SCHOOL HAS AN EXECUTIVE COMPENSATION POLICY CONSISTING OF SIX SECTIONS. THERE IS AN 8-STEP PROCESS TO DETERMINE EXECUTIVE COMPENSATION WHICH INCLUDES ALL THE ELEMENTS ASKED FOR ON LINES 15, 15A AND 15B. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST. FORM 990, PART XII, LINE 2C THE SCHOOL HAS A FINANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITORS.