Independence High School Ptso FY2024 filing

Tax-deductible

Thompsons Stn, TN501(c)(3)EducationEIN 86-1105056Revenue $971K in FY2024

On file with the IRSihsptso.org1776 Declaration Way, 37179-9674 · Thompsons Stn, TNTax-exempt since Nov 2004Publicly supported — 509(a)(2)

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To enhance the quality of education for students at Independence High School through various fundraising activities, to help supplement programs and provide additional material and equipment, which fall outside the school budget. Also, to encourage more parent involvement.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $65K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$971K
+3% vs prior year
Spent
$872K
To programs
100%
Net assets
$601K
By yearFY2021–FY2025
Revenue
$971K
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2021$531K
FY2022$849K
FY2023$939K
FY2024$971K
FY2025$915K
Expenses
$872K
FY2024▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2021$498K
FY2022$698K
FY2023$895K
FY2024$872K
FY2025$919K
Net assets
$601K
FY2024▲ +20%
Tap a bar for its year
Net assets by fiscal year
FY2021$307K
FY2022$458K
FY2023$502K
FY2024$601K
FY2025$597K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $872K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 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
Board Member
$0Pt VII · Sec A
See Independence High School Ptso executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fundraises to improve Independence High School programs, materials, and equipment, and encourages parent involvement.

Questions for Independence High School Ptso

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Provided by the organization

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3 programs · $761K · in their own filed words · FY2023
01

Athletic

$577Kprogram expense
02

Band

$102Kprogram expense
03

TouchDown

$81Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$971K
Ln 12
Fees for servicesLn 2g$428K
Gifts and grantsLn 1h$319K
Other incomeLn 4–11$218K
Money outPt IX
$872K
Ln 25
Programscol B$872K
Owns and owesPt X
$601K
net assets · Ln 32
Cash and savingsLn 1–2$601K
Total assetsLn 16$601K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$319K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$428K
Investment incomeLn 3$6K
Other incomeLn 4–11$218K
Total revenueLn 12$971K
Assets in detailPt X, end of year
CashLn 1$601K
Cash and savings togetherLn 1–2$601K
Total assetsLn 16$601K
LiabilitiesLn 26$0
Net assetsLn 32$601K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6200
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$502K$601K
Total assetsLn 16$502K$601K
LiabilitiesLn 26$0$0
Net assetsLn 32$502K$601K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$29K$29K
Other fees for servicesLn 11g$122K$122K
Office expensesLn 13$2K$2K
Information technologyLn 14$1K$1K
TravelLn 17$8K$8K
All other expensesLn 24e$709K$709K
Total functional expensesLn 25$872K$872K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $915K$919K−$4K$597K 990 PDF
FY2024 Viewing $971K$872K$99K$601K 990 PDF
FY2023 $939K$895K$44K$502K 990 PDF
FY2022 $849K$698K$151K$458K 990 PDF
FY2021 $531K$498K$33K$307K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $970,778 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $201,452$318,947
I-9 Program service revenuePrior year $440,276$427,785
I-10 Investment incomePrior year $650$5,609
I-11 Other revenuePrior year $296,683$218,437
I-12 Total revenuePrior year $939,061$970,778
I-13 Grants and similar amounts paidPrior year $15,890$28,550
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $879,346$843,085
I-18 Total expensesPrior year $895,236$871,635
I-19 Revenue less expensesPrior year $43,825$99,143
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $970,778 across 13 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$68,585
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$250,362
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$318,947
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $427,785 · Unrelated business $0 · Excluded from tax $0$427,785
VIII-3 Investment incomeRelated to mission $5,609 · Unrelated business $0 · Excluded from tax $0$5,609
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $218,437$218,437
VIII-12 Total revenueRelated to mission $433,394 · Unrelated business $0 · Excluded from tax $218,437$970,778
Part IX · Statement of functional expenses $871,635 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $28,550$28,550
IX-11g Other fees for servicesPrograms $122,416$122,416
IX-13 Office expensesPrograms $2,414$2,414
IX-14 Information technologyPrograms $1,243$1,243
IX-17 TravelPrograms $7,670$7,670
IX-24e All other expensesPrograms $709,342$709,342
IX-25 Total functional expensesPrograms $871,635 · Management $0 · Fundraising $0$871,635
Part X · Balance sheet $601,036 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $501,893$601,036
X-16 Total assetsStart of year $501,893$601,036
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $501,893$601,036
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $501,893$601,036
X-33 Total liabilities and net assetsStart of year $501,893$601,036
Part XI · Reconciliation of net assets $601,036 net assets at year end
XI-1 Total revenue$970,778
XI-2 Total expenses$871,635
XI-3 Revenue less expenses$99,143
XI-4 Net assets at start of year$501,893
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$601,036

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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