Independent School Inc
- Assets
- $14.4m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 203
- Location
- Wichita, KS
- Founding
- 00/0000
- Data as of
- 06/2021
- EIN
- 48-0914282
Organization Overview
Independent School Inc is located in Wichita, KS. The organization was established in 0000. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2021, Independent School Inc employed 203 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent 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 06/2021, Independent School Inc generated $8.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $7.9m during the year ending 06/2021. While expenses have increased by 1.3% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SUPERIOR, INDEPENDENT, COLLEGE PREPARATORY EDUCATION, SERVING A DIVERSE STUDENT POPULATION IN A SAFE, SUPPORTIVE, COMMUNITY, CONDUCIVE TO THE INTELLECTUAL, EMOTIONAL AND PHYSICAL GROWTH OF EACH INDEPENDENT STUDENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PRIVATE EDUCATION TO APPROXIMATELY 500 STUDENTS FROM 6 WEEKS THROUGH 12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris English Head Of School | Officer | 40 | $143,037 |
Kim Storer Chief Financial Officer | Officer | 40 | $72,506 |
Kurt Burmeister Chair | OfficerTrustee | 1 | $0 |
Alice Osburn Secretary | OfficerTrustee | 1 | $0 |
Chris Addington Treasurer | OfficerTrustee | 1 | $0 |
Tim Aziere Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harman Huffman Construction Group Construction | 6/29/19 | $953,007 |
Atg Ram Industries Construction | 6/29/19 | $135,996 |
Icon Structures Construction | 6/29/19 | $1,439,003 |
Wise And Associates Janitorial & Maint Services | 6/29/19 | $234,934 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $968,872 |
| All other contributions, gifts, grants, and similar amounts not included above | $509,281 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,478,153 |
| Total Program Service Revenue | $6,711,799 |
| Investment income | $23,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,318,061 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $810,941 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $215,543 |
| Compensation of current officers, directors, key employees. | $43,109 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,653,211 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $480,800 |
| Payroll taxes | $282,764 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $73,853 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $676,385 |
| Insurance | $0 |
| All other expenses | $287,370 |
| Total functional expenses | $7,877,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,139,287 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $58,000 |
| Accounts receivable, net | $3,131,711 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,137 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,295,115 |
| Investments—publicly traded securities | $594,110 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $132,220 |
| Total assets | $14,367,580 |
| Accounts payable and accrued expenses | $547,848 |
| Grants payable | $0 |
| Deferred revenue | $4,005,585 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,732,282 |
| Total liabilities | $6,285,715 |
| Net assets without donor restrictions | $8,049,490 |
| Net assets with donor restrictions | $32,375 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,367,580 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Independent School Inc has recieved totaling $55,542.
| Awarding Organization | Amount |
|---|---|
Sheppard Foundation Wichita, KS PURPOSE: EDUCATIONAL PROGRAMMING | $40,000 |
Annie Foundation Wichita, KS PURPOSE: EDUCATION | $10,000 |
Garvey Family Charitable Trust Wichita, KS PURPOSE: OPERATING FUND FOR EDUCATIONAL ORGANIZATION | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $542 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Augustine Institute Inc Greenwood Village, CO | $26,414,625 | $26,811,654 |
Kansas Health Science Center Inc Wichita, KS | $59,507,557 | $699,651 |
Independent School Inc Wichita, KS | $14,367,580 | $8,318,061 |
Little Priest Tribal College Winnebago, NE | $15,346,518 | $6,906,359 |
Harry S Truman Library Institute For National & International Affai Kansas City, MO | $16,879,903 | $3,123,926 |
Midwest University Wentzville, MO | $2,077,100 | $2,637,534 |
Graduate School Of The Stowers Institute For Medical Research Kansas City, MO | $5,637,199 | $1,774,956 |
Battle Rock Charter School Cortez, CO | $1,068,868 | $1,047,799 |
St Louis Teacher Residency Saint Louis, MO | $260,007 | $727,484 |
Service Oriented Aviation Readiness S O A R Bolivar, MO | $637,111 | $846,743 |
International Union Of Operating Engineers Local 571 Training Fund Omaha, NE | $2,468,959 | $1,586,838 |
Jordan Evangelical Theological Seminary Inc Tulsa, OK | $116,058 | $693,081 |