2026-02-18T15:53:43-06:00 2025-06-30 161131146 BONADIO & CO LLP 2711 CENTERVILLE ROAD SUITE 100 WILMINGTON DE 19808 990 2024-07-01 510225189 THE INDEPENDENCE SCHOOL INC INDE 3022390330 1300 PAPER MILL ROAD NEWARK DE 197113408 TIMOTHY P COSTELLO HEAD OF SCHOOL 3022390330 2026-02-13 1 1 PETER S KENNEDY CPA P00571422 3026566632 2026-02-13 2024 2025-03-06 01:10:19Z TIMOTHY P COSTELLO 1300 PAPER MILL ROAD NEWARK DE 197113408 13782106 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 13 146 50 0 0 515210 1286442 10102795 10381932 628816 743798 386975 375299 11633796 12787471 2039638 2086821 0 0 6220919 6985422 0 0 476374 2975390 2956438 11235947 12028681 397849 758790 28248423 29057618 8647721 8158698 19600702 20898920 THE INDEPENDENCE SCHOOL INSPIRES STUDENTS TO BECOME INDEPENDENT, INTELLECTUALLY CURIOUS INDIVIDUALS WHO POSSESS AN EXCEPTIONAL SPIRIT FOR LEARNING, LEADERSHIP AND CITIZENSHIP. 0 0 9048174 2086821 10558040 THE INDEPENDENCE SCHOOL IS AN INDEPENDENT SCHOOL FOR CHILDREN FROM PRESCHOOL TO 8TH GRADE. THERE WERE APPROXIMATELY 452 STUDENTS ENROLLED DURING THE YEAR. 9048174 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 7 0 1 146 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 KRISTIN GIFFIN PRESIDENT 1.00 X X 0 0 0 MONA SINGH 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 KATIE BURKE BOARD MEMBER 1.00 X 0 0 0 CHRISTINE COOK BOARD MEMBER 1.00 X 0 0 0 KEVIN DOMBROWSKI BOARD MEMBER 1.00 X 0 0 0 CARRIE FANG BOARD MEMBER 1.00 X 0 0 0 MICHAEL MARINELLI EDD BOARD MEMBER (SINCE 9/2024) 1.00 X 0 0 0 JEFFREY SHAHAN BOARD MEMBER 1.00 X 0 0 0 VINCENT C THOMAS ESQ BOARD MEMBER 1.00 X 0 0 0 AMELIA WYANT BOARD MEMBER 1.00 X 0 0 0 PING XU BOARD MEMBER (SINCE 9/2024) 1.00 X 0 0 0 TIMOTHY COSTELLO HEAD OF SCHOOL 40.00 X 318093 0 22294 PATRICK BURNS JR DIR OF FINANCE AND OPERATIONS 40.00 X 113834 0 21059 CHRISTY KOENSE LOWER SCHOOL HEAD 40.00 X 109449 0 21909 MICHELE HARRA DIR OF ADVANCEMENT AND ENROLLMENT 40.00 X 111527 0 11488 AMY GRAHAM MIDDLE SCHOOL HEAD 40.00 X 108339 0 17250 HEIDI MCDONOUGH DIRECTOR OF MARKETING 40.00 X 110634 0 4957 871876 0 98957 6 0 1 0 NEW CASTLE CONSERVATION DISTRICT 2430 OLD COUNTRY ROAD NEWARK DE 19702 STREAM REMEDIATION 276458 SERVICE UNLIMITED 19 SOUTHGATE BLVD NEW CASTLE DE 19720 HVAC 171506 BEYOND BRIGHT SERVICES INC 1338 LOVERING AVE WILMINGTION DE 19806 CUSTODIAL SERVICES 145750 DUBROFF LLC 323 BUTTONWOOD ROAD LANDENBERG PA 19350 CONSTRUCTION 139110 TURF PRO INC 103 SANDY DRIVE SUITE 100 NEWARK DE 19713 LANDSCAPING 123219 5 695621 590821 112715 1286442 TUITION & FEES 611600 9645718 9645718 AUXILIARY SERVICES 611600 736214 736214 10381932 653758 653758 120743 0 120743 120743 120743 961261 871221 90040 90040 90040 145964 67516 78448 78448 72921 55898 17023 17023 MISCELLANEOUS 611600 113029 113029 IPA REVENUE 611600 46056 46056 159085 12787471 10558040 0 942989 2086821 2086821 503353 35221 417797 50335 5274750 4020269 1045273 209208 278478 205471 60625 12382 520970 414557 89790 16623 407871 288003 101703 18165 2190 1533 569 88 38500 38500 54295 54295 36098 25269 9385 1444 173364 151447 7871 14046 162622 162622 159745 111822 41533 6390 555259 388682 144367 22210 168379 168379 572970 401079 148972 22919 126399 88479 32864 5056 STUDENT SERVICES 301961 301961 ADMINISTRATIVE 171561 72941 95983 2637 AUXILIARY SERVICES 130560 130560 REPAIRS AND MAINTENANCE 107481 75237 27945 4299 195054 86200 18282 90572 12028681 9048174 2504133 476374 4028613 2940898 3459490 387942 202393 41035 61388 26614 34085 28167305 16465768 11249416 11701537 12430182 10576308 84621 81519 28248423 29057618 100011 59004 2791001 2413527 5064596 4857093 692113 829074 8647721 8158698 X 10955964 11974504 8644738 8924416 19600702 20898920 28248423 29057618 758790 539428 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 1 9.10 0 0 0 1 1 0.00 0 9856161 118413 969571 367837 10576308 8912253 104001 1183517 343610 9856161 8037622 476854 712804 315027 8912253 6928470 3071568 -1148323 814093 8037622 5843106 125050 1249446 289132 6928470 0.25355 0.37942 0.36703 0 0 847749 847749 26205234 16033137 10172097 990765 432631 558134 123557 123557 11701537 AGENCY FUNDS 4570 ACCRUED SALARIES AND PAYROLL TAXES 824504 829074 11202625 539428 62898 602326 10600299 54295 2132877 2187172 12787471 9909460 55898 55898 9853562 54295 2120824 2175119 12028681 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 55,898. INDEPENDENCE PARENTS' ASSOCIATION CONTRIBUTION 7,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: INDEPENDENCE PARENTS' ASSOCIATION REVENUE 46,056. FINANCIAL AID AND TUITION REMISSION 2,086,821. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 55,898. PART XII, LINE 4B - OTHER ADJUSTMENTS: INDEPENDENCE PARENTS' ASSOCIATION EXPENSES 34,003. FINANCIAL AID AND TUITION REMISSION 2,086,821. 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'S HOMEPAGE CONTAINS THE FOLLOWING STATEMENT: "THE INDEPENDENCE SCHOOL PROHIBITS DISCRIMINATION AND HARASSMENT OF ANY TYPE AND AFFORDS EQUAL EMPLOYMENT OPPORTUNITIES TO EMPLOYEES AND APPLICANTS WITHOUT REGARD TO RACE (INCLUDING PROTECTIVE HAIRSTYLES), COLOR, RELIGION, SEX, PREGNANCY, GENDER IDENTITY, SEXUAL ORIENTATION, REPRODUCTIVE HEALTH DECISION, NATIONAL ORIGIN, AGE (OVER 40), DISABILITY, GENETIC INFORMATION, MARITAL STATUS, FAMILY RESPONSIBILITIES, PAST, CURRENT, OR FUTURE MILITARY SERVICE, STATUS AS A VOLUNTEER EMERGENCY RESPONDER, STATUS AS A VICTIM OF DOMESTIC VIOLENCE, SEXUAL OFFENSE, OR STALKING, AND ANY OTHER CATEGORIES PROTECTED BY FEDERAL, STATE, OR LOCAL LAW." AUCTION 117076 117076 57491 5K & COLOR US KIDS RUN 27257 27257 8394 1 1631 1631 1631 145964 145964 67516 67516 78448 1 FINANCIAL AID TO EMPLOYEE CHILDREN 30 319738 FMV FINANCIAL AID FINANCIAL AID TO OTHER STUDENTS 232 1767083 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 TIMOTHY COSTELLO HEAD OF SCHOOL 318093 0 0 0 0 0 15138 0 7156 0 340387 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 4 39190 FAIR MARKET VALUE X SPECIAL EVENT AUCTION ITEMS 75 56193 FAIR MARKET VALUE X SCHOOL SUPPLIES 43 18282 FAIR MARKET VALUE 0 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.