Public Charity

IMS FOUNDATION

IMS FOUNDATION, of PHILADELPHIA, PA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $1.3M in revenue, $33K in expenses, $40.4M in total assets. 6 publicly reported grants to this organization, totaling roughly $2.4M, appear in IRS filings.

EIN: 863279821 PHILADELPHIA, PA Latest filing: 2025
Total Revenue$1.3M
Total Expenses$33K
Total Assets$40.4M
Grant Records6
Funding Total$2.4M
Filing Years2022–2025

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.

Officers & Directors

SECRETARY Joseph Stapleton
PRESIDENT Kenneth Phelan
TREASURER Lauren Adamski
VICE PRESIDENT Maris Ogg
BOARD MEMBER Michael Piotrowicz
BOARD MEMBER Richard Nourie

Officer compensation and complete director data available with membership.

Top Grant Purposes

EDUCATIONAL
$1,100,000 2 grants
GENERAL OPERATING SUPPORT
$807,500 2 grants
CAPITAL CAMPAIGN
$250,000 1 grant
OPERATING SUPPORT
$250,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $1.3M $33K $40.4M
2024 $5.1M $6K $33.4M
2023 $1.3M $1.0M $18.5M
2022 $8.7M $1K $8.7M

Between 2022 and 2025, reported annual revenue declined from $8.7M to $1.3M (-85%), with total assets most recently reported at $40.4M.

Interactive year-over-year charts and full filing details available with membership.

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