EIN 26-0322088

Independence Fund

IRS 501(c) type
501(c)(3)
Num. employees
54
Year formed
2007
Most recent tax filings
2023-06-01
Description
The Independence Fund is a nonprofit organization that empowers our nation's severely wounded veterans and the caregivers who support them to take control of their lives. Through its dedicated mobility and treatment programs, the Fund assists veterans in transforming their lives toward a better future. The Independence Fund believes we owe it to our veterans to provide the resources they need to move forward and build a strong foundation toward lasting emotional and physical healing in order to reestablish their independence.
Total revenues
$12,475,650
2023
Total expenses
$13,307,657
2023
Total assets
$7,609,215
2023
Num. employees
54
2023

Grants made by Independence Fund

GranteeGrant descriptionAmount
Caring for Military Families The Elizabeth Dole FoundationHidden Heroes Grant$250,000
Military Order of the Purple Heart of the United States of AmericaAdvocacy Grant$100,000
Charlotte Touchdown ClubSponsorship$75,000
...and 17 more grants made

Who funds Independence Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
International Rescue Committee (IRC)Refugee Programs$736,651
Charities Aid Foundation of AmericaCharitable Donation$735,201
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$428,320
...and 57 more grants received totalling $3,557,991

Personnel at Independence Fund

NameTitleCompensation
Sarah VerardoBoard Member$240,620
Samuel JohnsonExecutive Vice President - Operations$200,300
Bob CareyExecutive Vice President Advocacy and Strategy$153,461
Stephanie TharinOperations Director / Development Operations Manager
Jeremy DavisVeteran Services Director$121,923
...and 21 more key personnel

Financials for Independence Fund

RevenuesFYE 06/2023
Total grants, contributions, etc.$11,592,596
Program services$0
Investment income and dividends$819,755
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$63,299
Total revenues$12,475,650

Form 990s for Independence Fund

Fiscal year endingDate received by IRSFormPDF link
2022-062022-12-13990View PDF
2021-062021-12-17990View PDF
2020-062021-04-15990View PDF
2019-062020-12-18990View PDF
2018-062019-07-23990View PDF
...and 8 more Form 990s
Data update history
October 25, 2023
Received grants
Identified 8 new grant, including a grant for $736,651 from International Rescue Committee (IRC)
October 8, 2023
Updated personnel
Identified 2 new personnel
August 19, 2023
Received grants
Identified 48 new grant, including a grant for $735,201 from Charities Aid Foundation of America
July 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 6, 2023
Received grants
Identified 1 new grant, including a grant for $5,000 from John E and Nellie J Bastien Memorial Foundation
Nonprofit Types
Civic / social organizationsPublic sector nonprofitsMilitary and veteran charitiesCharities
Issues
Military and veterans
Characteristics
Political advocacyLobbyingNational levelReceives government fundingCommunity engagement / volunteeringTax deductible donations
General information
Address
412 Louise Ave
Charlotte, NC 28204
Metro area
Charlotte-Concord-Gastonia, NC-SC
County
Mecklenburg County, NC
Website URL
independencefund.org/ 
Phone
(888) 851-7996
Facebook page
TheIndependenceFund 
Twitter profile
@indyfund 
IRS details
EIN
26-0322088
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2007
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
W30: Military, Veterans Organizations
NAICS code, primary
813410: Civic and Social Organizations
Parent/child status
Independent
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