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Filing year 2023

THE INDEPENDENCE SCHOOL INC

Newark, Delaware·EIN 51-0225189·501(c)(3)
Total revenue
$11.6M
Total assets
$28.2M
Total expenses
$11.2M
Reported officers
21
Mission

THE INDEPENDENCE SCHOOL INSPIRES STUDENTS TO BECOME INDEPENDENT, INTELLECTUALLY CURIOUS INDIVIDUALS WHO POSSESS AN EXCEPTIONAL SPIRIT FOR LEARNING, LEADERSHIP AND CITIZENSHIP.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Head of School (from 7/2023)
Officer (Unspecified)
$191k
$213k
Base
$176k
Bonus
Other
Benefits
$5k
Head of School (until 7/2023)
Officer (Unspecified)
$134k
$150k
Director of Finance and Operations
Median to 75th percentile
$133k
$148k
Lower School Head
Highest Compensated Employee
10th to 25th percentile
$125k
$139k
Middle School Head
Highest Compensated Employee
10th to 25th percentile
$120k
$134k
Director of Advancement and Enrollment Management
Highest Compensated Employee
10th to 25th percentile
$114k
$127k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 15 unpaid individuals.

Down 28%
from 2022

From $266k in 2022 to $191k in 2023.

$266k
2022
$191k
2023
In today's dollarsEst.
Down 31% in real terms$310k to $213k

Estimated with Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Financial Officer pay rose 4% from 2022 to 2023, while revenue fell 5%.

$128k in 2022 to $133k in 2023.
  • Highest Compensated Employee pay held roughly steady from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

THE INDEPENDENCE SCHOOL INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$12.3M
$11.8M
2022
$11.6M
$11.2M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about THE INDEPENDENCE SCHOOL INC

What does the Chief Financial Officer of THE INDEPENDENCE SCHOOL INC earn?

In 2023, the Chief Financial Officer of THE INDEPENDENCE SCHOOL INC received $133,015 in total compensation. This pay is above the median (the midpoint) for Chief Financial Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Financial Officer pay at THE INDEPENDENCE SCHOOL INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Financial Officer at THE INDEPENDENCE SCHOOL INC falls between the median and the 75th percentile.

What are THE INDEPENDENCE SCHOOL INC's revenue and expenses?

In 2023, THE INDEPENDENCE SCHOOL INC reported $11.6M in total revenue and $11.2M in total expenses on its IRS Form 990.

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