Independent School Of Thought
- Assets
- $5.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hernando, MS
- Founding
- 05/2018
- Data as of
- 12/2023
- EIN
- 47-2406227
Organization Overview
Independent School Of Thought is located in Hernando, MS. The organization was established in 2018. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent School Of Thought 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 12/2023, Independent School Of Thought generated $79.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $78.3k during the year ending 12/2023. While expenses have increased by 8.1% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
IST PROVIDES HOMESCHOOL FAMILIES WITH A TRADITIONAL SCHOOL ENVIRONMENT TWO DAYS PER WEEK. THE SCHOOL SCHEDULES FIELD TRIPS, GAME DAYS, AND COMMUNITY SERVICE PROJECTS APPROXIMATELY 3-4 DAYS PER MONTH. THE SCHOOL PROVIDES SERVICES FOR APPROXIMATELY 28-32 STUDENTS (2023 FISCAL YEAR). THE SCHOOL HAS FOUR TUTORS WITH SMALL CLASS SIZES. THE SCHOOL OFFERS MANY OF THE ACCOMMODATIONS OF A TRADITIONAL SCHOOL WITH A YEARBOOK, YEARLY TESTING, POT-LUCKS AT HOLIDAY PARTIES, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randi Lynn Secretary | 0 | $0 | |
Khrystal Vaughn Board Member | 0 | $0 | |
Board Member Brandie Correro | 0.01 | $0 | |
Jessica Fulton Executive Officer/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,318 |
| Total Program Service Revenue | $57,023 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,570 |
| Other Revenue | $16,164 |
| Total Revenue | $79,075 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,690 |
| Professional fees and other payments to independent contractors | $54,637 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $146 |
| Other expenses | $19,833 |
| Total expenses | $78,306 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,622 |
| Other assets | $0 |
| Total assets | $5,622 |
| Total liabilities | $0 |
| Net assets or fund balances | $5,622 |