Nonprofit · EIN 86-3279821
IMS FOUNDATION
Tax-exempt · PHILADELPHIA, PA 19122
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,322,883 | $32,953 | $1,289,930 | $40,413,352 | $24,439,566 | $15,973,786 |
| June 30, 2024 | 990 | $5,087,392 | $6,077 | $5,081,315 | $33,430,323 | $19,139,353 | $14,290,970 |
| June 30, 2023 | 990 | $1,312,069 | $1,007,608 | $304,461 | $18,522,178 | $9,528,604 | $8,993,574 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,171,480
- Program service revenue
- $0
- Investment income
- $151,403
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,250
- Management and general (functional)
- $32,953
Balance sheet and other
- Total assets, start of year
- $33,430,323
- Total assets, end of year
- $40,413,352
- Total liabilities, end of year
- $24,439,566
- Net assets, end of year
- $15,973,786
- Publicly traded securities
- $31,532,601
- Net assets without donor restrictions
- $14,371,379
- Net assets with donor restrictions
- $1,602,407
- Gross receipts
- $1,322,883
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAUREN ADAMSKI | TREASURER Trustee or director, Officer | 1 | $0 |
| MARIS OGG | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| KENNETH PHELAN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| STEPHEN SMITH | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL PIOTROWICZ | BOARD MEMBER Trustee or director | 1 | $0 |
| SR MARY BRODERICK | BOARD MEMBER Trustee or director | 1 | $0 |
| RICHARD NOURIE | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSEPH STAPLETON | SECRETARY Officer | 0.05 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAUREN ADAMSKI | TREASURER Trustee or director, Officer | 1 | $0 |
| MARIS OGG | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| KENNETH PHELAN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| STEPHEN SMITH | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL PIOTROWICZ | BOARD MEMBER Trustee or director | 1 | $0 |
| SR MARY BRODERICK | BOARD MEMBER Trustee or director | 1 | $0 |
| RICHARD NOURIE | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSEPH STAPLETON | SECRETARY Officer | 0.05 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAUREN ADAMSKI | TREASURER Trustee or director, Officer | 0.4 | $0 |
| SR MARY BRODERICK | BOARD MEMBER Trustee or director | 0.2 | $0 |
| RICHARD NOURIE | BOARD MEMBER Trustee or director | 0.1 | $0 |
| MARIS OGG | VICE PRESIDE Trustee or director, Officer | 0.6 | $0 |
| KENNETH PHELAN | PRESIDENT Trustee or director, Officer | 0.4 | $0 |
| MICHAEL PIOTROWICZ | BOARD MEMBER Trustee or director | 0.4 | $0 |
| STEPHEN SMITH | BOARD MEMBER Trustee or director | 0.4 | $0 |
Address and contacts
- Address (IRS master file)
- 1012 W THOMPSON ST, PHILADELPHIA, PA 19122-4143
- In care of
- % FINANCE DEPARTMENT
- Mailing address (990-N for 2020)
- 1012 W THOMPSON STREET, PHILADELPHIA PA 19122
- Principal officer (990 for 2024)
- KENNETH PHELAN, 1012 W THOMPSON STREET, PHILADELPHIA, PA 19122
- Principal officer (990-N for 2020)
- KENNETH PHELAN, 1012 W THOMPSON STREET, PHILADELPHIA PA 19122
- Signed the 990
- LAUREN ADAMSKI, TREASURER
- Phone
- (610) 200-5100
- Return prepared by
- O'CONNELL & COMPANY LLC
Mission
TO RECEIVE, MANAGE, DISTRIBUTE ASSETS FOR CHARITABLE PURPOSES IN SUPPORT OF INDEPENDENCE MISSION SCHOOLS, A PENNSYLVANIA NON-PROFIT CORPORATION RECOGNIZED AS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE CODE AS A PUBLIC CHARITY.
Program accomplishments
- TO SUPPORT THE CHARITABLE PURPOSES OF INDEPENDENCE MISSION SCHOOLS, A PENNSYLVANIA NON-PROFIT CORPORATION RECOGNIZED AS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE CODE AS A PUBLIC CHARITY.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 86-3279821
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W12)
- Assets (IRS master file)
- $40,413,352
- Income (IRS master file)
- $1,322,883
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,322,883 | $32,953 | $40,413,352 | XML |
| 990 | June 2024 | $5,087,392 | $6,077 | $33,430,323 | XML |
| 990 | June 2023 | $1,312,069 | $1,007,608 | $18,522,178 | XML |
| 990 | June 2022 | $8,736,276 | $1,032 | $8,663,872 | IRS |
| 990-N for 2020 Officer: KENNETH PHELAN | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-3279821).
Questions about IMS FOUNDATION
- What is the EIN of IMS FOUNDATION?
- The employer identification number (EIN) of IMS FOUNDATION is 86-3279821.
- Is IMS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to IMS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IMS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IMS FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IMS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of IMS FOUNDATION?
- The 990 for the year ended June 30, 2025 names KENNETH PHELAN.
- Who are the officers and directors of IMS FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does IMS FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,322,883, expenses of $32,953 and total assets of $40,413,352 at year end.
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