2017-03-16T14:20:14-05:00 2016-06-30 232653765 ST CLAIR CPAS PC 28 S CENTRE STREET MERCHANTVILLE NJ 08109 990 2015-07-01 233060261 INDEPENDENCE CHARTER SCHOOL INDE 2152388000 1600 LOMBARD STREET PHILADELPHIA PA 19146 THOMAS SCHEID CEO 2152388000 2017-03-09 1 WILLIAM P ST CLAIR CPA P00886486 8564825600 2017-03-09 2015 2021-01-29 14:40:06Z THOMAS SCHEID 1600 LOMBARD STREET PHILADELPHIA PA 19146 9812032 0 X WWW.INDEPENDENCECHARTER.ORG X 2001 PA THE PRIMARY MISSION OF INDEPENDENCE CHARTER SCHOOL IS TO PROVIDE AN INTELLECTUALLY STIMULATING CURRICULUM WITH AN INTERNATIONAL FOCUS, EMPHASIZING THE ARTS, LANGUAGES, IDEAS, AND HISTORIES, FROM AN ARRAY OF CULTURES FROM AROUND THE WORLD. TO MEET ITS GOALS, THE SCHOOL DRAWS HEAVILY ON THE RESOURCES AVAILABLE IN PHILADELPHIA - THE MUSEUMS, HISTORIC LANDMARKS, BUSINESSES, SCHOOLS, PARKS, COMMUNITIES, AND FAMILIES. 15 15 154 0 0 0 1420288 1549251 8009045 8015625 2968 3750 27896 243406 9460197 9812032 0 0 0 0 6860247 6602823 0 0 0 3160867 3557210 10021114 10160033 -560917 -348001 8507905 8232928 15763893 15836917 -7255988 -7603989 X THE PRIMARY MISSION OF INDEPENDENCE CHARTER SCHOOL IS TO PROVIDE AN INTELLECTUALLY STIMULATING CURRICULUM WITH AN INTERNATIONAL FOCUS, EMPHASIZING THE ARTS, LANGUAGES, IDEAS, AND HISTORIES, FROM AN ARRAY OF CULTURES FROM AROUND THE WORLD. TO MEET ITS GOALS, THE SCHOOL DRAWS HEAVILY ON THE RESOURCES AVAILABLE IN PHILADELPHIA - THE MUSEUMS, HISTORIC LANDMARKS, BUSINESSES, SCHOOLS, PARKS, AND COMMUNITIES, AND FAMILIES. 0 0 7752494 8262781 THE PRIMARY MISSION OF INDEPENDENCE CHARTER SCHOOL IS TO PROVIDE AN INTELLECTUALLY STIMULATING CURRICULUM WITH AN INTERNATIONAL FOCUS, EMPHASIZING THE ARTS, LANGUAGES, IDEAS, AND HISTORIES, FROM AN ARRAY OF CULTURES FROM AROUND THE WORLD. TO MEET ITS GOALS, THE SCHOOL DRAWS HEAVILY ON THE RESOURCES AVAILABLE IN PHILADELPHIA - THE MUSEUMS, HISTORIC LANDMARKS, BUSINESSES, SCHOOLS, PARKS, AND COMMUNITIES, AND FAMILIES. 7752494 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 26 0 1 154 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X X X SANTILLI & THOMSON LLC 8565051300 601 ROUTE 73 NORTH SUITE 302 MARLTON NJ 08053 GEORGE AWAD TRUSTEE 1.00 X 0 0 0 BARBARA DUNDON TRUSTEE 1.00 X 0 0 0 MIKE BARSANTI TRUSTEE 1.00 X 0 0 0 MAUREEN EAGEN TRUSTEE 1.00 X 0 0 0 HARRY MOSELEY TRUSTEE 1.00 X 0 0 0 KRISTA PFEIFFER TRUSTEE 1.00 X 0 0 0 ASHLEY TOBIN TRUSTEE 1.00 X 0 0 0 JOHN TRIEU TRUSTEE 1.00 X 0 0 0 KELLY ACUNA STAFF REPRESENTATIVE 1.00 X 0 0 0 ANDREW REID STAFF REPRESENTATIVE 1.00 X 0 0 0 ELISSE SANTIAGO DROZ STAFF REPRESENTATIVE 1.00 X 0 0 0 RASHIDA ANDREWS SECRETARY 1.00 X 0 0 0 SUSANNA GREENBERG PRESIDENT 1.00 X 0 0 0 TRE JOHNSON VICE PRESIDENT 1.00 X 0 0 0 GREGORY TURLINGTON TREASURER 1.00 X 0 0 0 THOMAS SCHEID CEO 40.00 X 145379 0 37445 145379 0 37445 1 0 1 0 UNITED HEALTH CARE PO BOX 1459 MINNEAPOLIS MN 554401459 INSURANCE 389846 LINTON'S MANAGED SERVICES 4 SENTRY PARKWAY EAST SUITE 100 BLUE BELL PA 19422 PROFESSIONAL SERVICES 314755 AETNA 151 FARMINGTON AVENUE HARTFORD CT 06156 INSURANCE 294067 THERAPY SOURCE INC 5215 MILITIA ROAD SUITE A PLYMOUTH MEETING PA 19462 SPECIAL EDUCATION 176932 4 1283103 266148 1549251 SCHOOL DISTRICT REVENU 611110 7899510 7899510 FOOD SERVICE REVENUE 611110 116115 116115 8015625 3750 3750 MANAGEMENT FEE 541610 200000 200000 MISCELLANEOUS REVENUE 900099 43406 43406 243406 9812032 8262781 0 0 144913 144913 4183545 3382634 800911 1091367 842360 249007 776344 653078 123266 406654 317634 89020 24185 2308 21877 19138 19138 569730 303348 266382 1257 1257 239368 113493 125875 1521516 1342416 179100 87797 58284 29513 3541 3541 102102 23636 78466 FOOD SERVICE EXPENSES 448553 448553 CONTRACTS AND JUDGMENTS 178943 178943 OTHER EXPENSES 171616 147750 23866 BOOKS & INSTRUCTIONAL 113459 113459 76005 76005 10160033 7752494 2407539 0 238244 1370683 6096045 4411902 450095 485080 2617 76043 80356 13606 1739869 1725533 21370 14336 1619178 1861278 8507905 8232928 136912 194269 65898 53571 15561083 15589077 15763893 15836917 X -7255988 -7603989 -7255988 -7603989 8507905 8232928 -348001 0 X X 0 1 X 1 1 1 X 1417559 1414559 3000 322310 310974 11336 14336 DUE FROM RELATED PARTIES 43162 DUE FROM INDEPENDENCE CHARTER SCHOOL WEST 285132 DEFERRED OUTFLOWS TO PENSIONS 1532984 1861278 ACCRUED SALARIES AND BENEFITS 788288 DEFERRED RENT 147211 DUE TO STUDENT GROUPS 39066 NET PENSION LIABILITY 13384000 DUE TO A LOCAL SCHOOL DISTRICT 20284 DEFERRED INFLOWS RELATED TO PENSIONS 1168000 DUE TO OTHER FUNDS 42228 15589077 X 9812032 0 9812032 0 9812032 10160033 0 10160033 0 10160033 PART X, LINE 2: THE SCHOOL ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN WHICH TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. AS OF JUNE 30, 2016, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THERE WERE NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. THE SCHOOL FILES FEDERAL FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM TAX). WITH FEW EXCEPTIONS THEY ARE NO LONGER SUBJECT TO FEDERAL AND STATE TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE FISCAL YEAR ENDED JUNE 30, 2013. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 CHARTER SCHOOL LAW PROHIBITS DISCRIMINATION SCHEDULE E, PART I, LINE 6 CHARTER SCHOOL RECEIVES VARIOUS REVENUES FROM LOCAL SCHOOL DISTRICTS AS WELL AS STATE AND FEDERAL AGENCIES. 0 0 0 0 0 0 0 0 0 THOMAS SCHEID CEO 145379 0 0 0 0 0 0 0 37445 0 182824 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 PAID PREPARER PRESENTS THE IRS FORM 990 TO THE BOARD OF TRUSTEES AND EXPLAINS THE FORM TO THEM, THEN ASKS THAT THEY REVIEW THE FORM IN DETAIL PRIOR TO SIGNING AND FILING. FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION REVIEWS STATEMENTS OF FINANCIAL INTEREST THAT ARE FILED BY EACH BOARD MEMBER ON AN ANNUAL BASIS FOR POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 ORGANIZATION HAS A COMMITTEE ON THE BOARD WHO REVIEWS AND EVALUATES THE COMPENSATION OF ALL EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE SCHOOL'S AUDIT AND FINANCE COMMITTEE REVIEWS THE AUDITED FINANCIAL STATEMENT PRIOR TO IT BEING FINALIZED TO ENSURE IT IS COMPLETE AND FREE OF ERRORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE SCHOOL'S AUDIT AND FINANCE COMMITTEE REVIEWS THE AUDITED FINANCIAL STATEMENT PRIOR TO IT BEING FINALIZED TO ENSURE IT IS COMPLETE AND FREE OF ERRORS. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. WORLD OF OPPORTUNITY 1600 LOMBARD STREET PHILADELPHIA PA 19146 204487817 SUPPORT INDEPENDENCE CHARTER SCHOOL PA 501(C)(3) LINE 11A, I 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 WORLD OF OPPORTUNITY K 1248834 RENTS PAID WORLD OF OPPORTUNITY E 110 LOAN BALANCE WORLD OF OPPORTUNITY D 15960000 LOAN GUARANTEE