IMS Foundation
Independence Mission Schools (IMS) is a network of 14 Catholic schools founded in 2013 to save parish-based elementary schools at risk of closure in Philadelphia's highest-poverty neighborhoods. Serving approximately 4,000 students in grades Pre-K through 8, IMS provides affordable, academically rigorous Catholic education to children of all faiths, with 75% of students being non-Catholic. The organization operates as an independent network under a shared governance and financial model, providing quality school choice in underserved urban communities where public schools are failing. Nearly 98% of students receive scholarships averaging $5,000 through Pennsylvania's Educational Improvement Tax Credit and Opportunity Scholarship Tax Credit programs.
IMS Foundation at a glance
- Total assets
- $40,413,352
- +20.9% vs 2024
- Revenue (2025)
- $1,322,883
- -74.0% vs 2024
- Net investment income (2025)
- $151,403
- +71.2% vs 2024
- Expenses (2025)
- $32,953
- +442.3% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
Who IMS Foundation funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $1–5M range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2023 it made 1 grant totaling $1.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Independence Mission Schools Philadelphia, PA | Scholarships | $1,000,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $40,413,352 | $1,322,883 | $32,953 | — | — | $151,403 |
| 2024 | $33,430,323 | $5,087,392 | $6,077 | — | — | $88,430 |
| 2023 | $18,522,178 | $1,312,069 | $1,007,608 | $1,000,000 | 1 | $21,733 |
| 2022 | $8,663,872 | $8,736,276 | $1,032 | — | — | $786 |
About IMS Foundation
Based on IRS filings
IMS Foundation is a public charity focused on public and societal benefit, based in Philadelphia, PA. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $40.4M in total assets. Net investment income was $151K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
IMS Foundation is led by Kenneth Phelan, President on every filing since 2022; none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kenneth Phelan
President
On filings since 2022
1 hr/week
No compensation reported
Joseph T. Stapleton
Secretary
On filings since 2022
0.1 hrs/week
No compensation reported
Lauren Adamski
Treasurer
On filings since 2022
1 hr/week
No compensation reported
Maris Ogg
Vice President
On filings since 2022
1 hr/week
No compensation reported
Michael Piotrowicz
Board Member
On filings since 2022
1 hr/week
No compensation reported
Stephen Smith
Board Member
On filings since 2022
1 hr/week
No compensation reported
Richard Nourie
Board Member
On filings since 2023
1 hr/week
No compensation reported
Sr Mary Broderick
Board Member
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2022–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about IMS Foundation
How large is IMS Foundation?
IMS Foundation reported $40.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.3M.
What is IMS Foundation?
IMS Foundation is a public charity focused on public and societal benefit, based in Philadelphia, PA. It holds $40.4M in total assets as of 2025.
Where does IMS Foundation operate?
IMS Foundation has awarded grants in Pennsylvania.
What is IMS Foundation's EIN?
IMS Foundation's EIN (Employer Identification Number) is 86-3279821. IRS Form 990 filing data is available on this page for 2022–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS March 7, 2024)
- IRS filings on file for fiscal years 2022–2025
Live grants for the work IMS Foundation funds
Public, Societal Benefit Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in IMS Foundation's focus areas in our free grants database
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Figures come from IMS Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
IMS Foundation down — hundreds of funders to go?