Independence Charter School Annual Report

Successes in 2007-2008independence Charter School Statement ofActivities for year ending June 30, 2008• Independence Charter Adequate Yearly Progress (AYP) scores are on the rise– 11% increase in students proficient and advanced in reading– 15% increase in students proficient and advanced in math• Graduating classes have been accepted at top public and private schoolsin the Philadelphia region including:– Central High School – Masterman– Episcopal Academy – St. Joseph’s Preparatory– The Haverford School – The Science Leadership Academy– High School for Creative and Performing Arts (CAPA)Independence Charter received the following awards:• National History Day Prizes for student teams at the regional competition qualifying for state competitions• Student participants in Young Playwrights placed in the top three in the middle school category• Named Top Performing Charter School by The Center for Education ReformRevenueLocal School District Subsidy $5,999,244.63Other Local Public Revenue $146,022.00Commonwealth of PA $378,841.86Federal $456,660.00Grants and Other Fundraising $192,499.00*Wings After School Program Fees $196,410.45Interest Earned $94,642.75Other Revenue $33,014.31Total Revenue $7,499,335.00* This program was discontinued in 2008-2009.ExpensesSalaries/Benefits $4,630,469.75Facilities Rental/Maintenance $1,856,575.11Books, Software, Supplies, $274,101.50Technology, TravelContracted Services $487,534.42Debt Service $16,075.00Total Expenses $7,248,680.78• Winner of the Goldman Sachs Foundation Prize for Excellence in International Education in 2008 (2007 finalist)2007-2008 Fundraising Revenue Sources $192,499 TotalAquila WallerClass of 2007Individual 29%“The school provided me withlots of hands-on experiences. Ihad the opportunity to participatein outward bound programs andto attend the Junior StatesmanCorporate 9%Association program at StanfordUniversity. I would not have hadthese experiences withoutFoundation 62%Independence Charter. Theprincipal and teachers alwaysencouraged me. It is a familyenvironment. If you extend,they reach back.”6 7