Independence High School Ptso EIN 86-1105056 Form 990 (PDF) Claim this org

Independence High School Ptso

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Fundraises to improve Independence High School programs, materials, and equipment, and encourages parent involvement. For fiscal year 2025 it reported $915K in revenue, $919K in expenses, and $597K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Thompsons Stn, TN
Website
ihsptso.org
Filings
5 on file (2021–2025)
Revenue
$915KFY2025
Expenses
$919K
Net assets
$597K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  86-1105056 Public charity (501(c)(3)) Thompsons Stn, TN
Form 990 (PDF)
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Size
$100K–1M
What they do
Fundraises to improve Independence High School programs, materials, and equipment, and encourages parent involvement.
Leadership
Jocelyn Dirienzo · President
Money in and out
$915K revenue, $919K expenses
Bottom line
100% program efficiency
Where the money goes · FY2025
Total revenue
$915K
Pt VIII · Ln 12
Total expenses
$919K
Pt IX · Ln 25
Net assets
$597K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$4K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
7.8mo
months of highly liquid reserves at operating expense rate▼ -6% vs prior filing year
Surplus margin
-0.5%
revenue over expenses, this year▼ -104% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$915K
FY2025▼ -6%
Expenses
$919K
FY2025▲ +5%
Total assets
$597K
FY2025▼ -0.7%
Total liabilities
$0
FY2025
Total revenue
$915K
Pt VIII · Ln 12
Total expenses
$919K
Pt IX · Ln 25
Net assets
$597K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$4K
Total assetsPt X · Ln 16$597K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIndependence High School Ptso
EINHdr · item D86-1105056
Principal addressHdr · item CThompsons Stn, TN
WebsiteHdr · item Jihsptso.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B94)
Ruling yearIRS BMFNov 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $783K of program spending, described in the organization's own filed words · FY2024.
01

Athletic

$496Kprogram expense
02

TouchDown

$147Kprogram expense
03

Band

$140Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$413K · 45%
Contributions & grants$266K · 29%
Other revenue$230K · 25%
Investment income$7K · 1%
Program service revenue45%$413K
Contributions & grants29%$266K
Other revenue25%$230K
Investment income1%$7K
Total revenueLn 12$915K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$919K
Total functional expensesLn 25$919K

Balance Sheet

Part X · end of year
CashLn 1$597K
Total assetsLn 16$597K
Total liabilitiesLn 26$0
Total net assetsLn 32$597K
Months of cash on handcomputed7.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $597K · Operating expenses/yr $919K
7.8 months
Where the money goes
Program services
Program services $919K · Total expenses $919K
100%
Management & General
Management & general $0 · Total expenses $919K
0%
Fundraising
Fundraising $0 · Total expenses $919K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $262K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $266K · Total revenue $915K
29%
Government reliance
Government grants $0 · Total revenue $915K
0%
Earned-income share
Program service revenue $413K · Total revenue $915K
45%
Investment reliance
Investment income $7K · Total revenue $915K
+0.8%
Program self-sufficiency
Program service revenue $413K · Total expenses $919K
45%
Growth & trend
Revenue growth (YoY)
This year $915K · Prior year $971K
-6%
Revenue CAGR
FY2020 $531K · FY2024 $915K
+15%
Net-asset trend (YoY)
End of year $597K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $915K · Expenses $919K
-0.5%
Liabilities-to-Assets
Total liabilities — · Total assets $597K
Net-asset ratio
Net assets $597K · Total assets $597K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $597K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jocelyn Dirienzo · Reported title President · Highest reported compensation $0 · Total expenses $919K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $919K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -6%
Investment management fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$1K
Grants paid · 12 grants · $61K · 2022–2024
Unitemized GrantFY2024$6,611
Unitemized GrantFY2024$4,097
Unitemized GrantFY2024$3,292
Unitemized GrantFY2024$2,000
Unitemized GrantFY2024$1,000
Unitemized GrantFY2023$17,720
Unitemized GrantFY2023$6,000
Unitemized GrantFY2023$2,830
Unitemized GrantFY2023$2,000
Unitemized GrantFY2022$14,000
Unitemized GrantFY2022$1,000
Unitemized GrantFY2022$890

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$915K revenue · viewing · ⤓ 990 PDF
FY2024$971K revenue · ⤓ 990 PDF
FY2023$939K revenue · ⤓ 990 PDF
FY2022$849K revenue · ⤓ 990 PDF
FY2021$531K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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