Innovative Schools Development Corporation
- Assets
- $1.2m
- Revenue
- $1.6m
- Investments
- $783.4k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2003
- Data as of
- 06/2017
- EIN
- 55-0793336
Organization Overview
Innovative Schools Development Corporation is located in Wilmington, DE. The organization was established in 2003. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations.
For the year ending 06/2017, Innovative Schools Development Corporation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (22.6%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2017. As we would expect to see with falling revenues, expenses have declined by (30.3%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2017
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT FOR EDUCATORS TO ENSURE THAT SCHOOLS HAVE A RELIABLE SOURCE OF LEADERS AND TEACHERS TRAINED TO LEAD AND INSPIRE MODERN SCHOOLING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Swanson Executive Ch | 40 | $194,349 | |
Riccardo Stoeckicht Chief Operat | 40 | $133,094 | |
Teresa Gerchman Chief School | 40 | $125,634 | |
Casey Guerke Finance Mana | 40 | $68,042 | |
Sean Gallagher Program Dire | 40 | $66,843 | |
Vivian Perry Operations M | 40 | $51,562 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
| 6/29/17 | $96,990 | |
| 6/29/17 | $194,349 | |
Matthew Swanson | 6/29/17 | $0 |
Karen Thorpe | 6/29/17 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $969,888 |
| Interest on Savings | $557 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $624,967 |
| Total Revenue | $1,595,412 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $194,349 |
| Other employee salaries and wages | $435,697 |
| Pension plans, employee benefits | $122,725 |
| Interest | $45,149 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $9,653 |
| Travel, conferences, and meetings | $14,245 |
| Printing and publications | $0 |
| Other expenses | $410,781 |
| Total operating and administrative expenses | $1,371,957 |
| Contributions, gifts, grants paid | $237,327 |
| Total expenses and disbursements | $1,609,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,784 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $10,649 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $783,364 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $400,608 |
| Total assets | $1,212,405 |
| Accounts payable and accrued expenses | $679,174 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $56,710 |
| Total liabilities | $735,884 |
Grants Awarded
Over the last fiscal year, Innovative Schools Development Corporation has awarded $237,327 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EARLY COLLEGE HIGH SCHOOL PURPOSE: EDUCATION EXPENSES | $178,050 |
Wilmington, DE PURPOSE: EDUCATION EXPENSES | $59,277 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Innovative Schools Development Corporation has recieved totaling $18,314.
| Awarding Organization | Amount |
|---|---|
Delaware Community Foundation Wilmington, DE PURPOSE: RESTRICTED SUPPORT | $9,157 |
Rodel Charitable Foundation De Wilmington, DE PURPOSE: UNRESTRICTED SUPPORT | $9,157 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Pennreach Allentown, NJ | $5,187,786 | $15,924,501 |
Garrett County Maryland Community Action Committee Inc Oakland, MD | $23,823,939 | $14,024,119 |
Strong City Baltimore Baltimore, MD | $3,607,626 | $14,803,870 |
Visit Baltimore Inc Baltimore, MD | $13,591,522 | $23,022,151 |
Liberty Lutheran Housing Development Corporation State College, PA | $52,974,358 | $15,701,429 |
Allegany County Human Resources Development Commission Inc Cumberland, MD | $11,830,782 | $13,688,639 |
Evas Village Inc Paterson, NJ | $22,074,014 | $13,649,312 |
Fusion Partnerships Inc Baltimore, MD | $7,468,833 | $16,079,107 |
University City District Philadelphia, PA | $9,386,670 | $9,712,200 |
Hemlock Farms Community Association Lords Valley, PA | $26,523,624 | $12,038,926 |
New Jersey Community Development Corporation Inc Paterson, NJ | $38,005,348 | $12,337,768 |