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EIN 26-0322088

Independence Fund

IRS 501(c) type
501(c)(3)
Num. employees
54
City
Charlotte
State
North Carolina
Year formed
2007
Most recent tax filings
2023-06-01
NTEE code, primary
W30: Military, Veterans Organizations
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$735,314
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$109,325
Elkins Davis Foundation Charitable TrustSuppor of Daily Operations$100,000
...and 49 more grants received totalling $1,665,573

Personnel at Independence Fund

NameTitleCompensation
Sarah VerardoChief Executive Officer$265,000
Samuel JohnsonExecutive Vice President - Operations / Chief Program Officer$200,300
Bob CareyExecutive Vice President Advocacy and Strategy / Executive Vice President - Advocacy / Chief Advocacy Officer and Retired U.s Navy Veteran Since$153,461
Stephanie TharinOperations Director / Development Operations Manager
Jeremy DavisVeteran Services Director$121,923
...and 22 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
2023-062024-01-26990View PDF
2022-062022-12-13990View PDF
2021-062021-12-17990View PDF
2020-062021-04-15990View PDF
2019-062020-12-18990View PDF
...and 9 more Form 990s
Data update history
August 25, 2024
Received grants
Identified 16 new grant, including a grant for $735,314 from International Rescue Committee (IRC)
June 1, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 1 new personnel
May 18, 2024
Received grants
Identified 22 new grant, including a grant for $258,405 from Save Our Allies
October 25, 2023
Received grants
Identified 8 new grant, including a grant for $736,651 from International Rescue Committee (IRC)
Nonprofit Types
Grantmaking organizationsCivic / social organizationsPublic sector nonprofitsMilitary and veteran charitiesCharities
Issues
Military and veterans
Characteristics
Political advocacyLobbyingNational levelReceives government fundingCommunity engagement / volunteeringTax deductible donationsAccepts online 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
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0254892
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-11-20
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