EIN 26-0322088

Independence Fund

IRS 501(c) type
501(c)(3)
Num. employees
32
Year formed
2007
Most recent tax filings
2022-06-01
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
$8,567,110
2022
Total expenses
$8,100,266
2022
Total assets
$7,812,789
2022
Num. employees
32
2022

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
Charities Aid Foundation of AmericaCharitable Donation$735,201
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$428,320
Elkins Davis Foundation Charitable TrustSupport of Daily Activities$100,000
...and 60 more grants received totalling $2,056,120

Personnel at Independence Fund

NameTitleCompensation
Sarah VerardoChief Executive Officer$240,620
Laura CaldwellChief Development Officer
Sam JohnsonChief Programs Officer and U.s Marine Corps Reserve Officer
Samuel JohnsonExecutive Vice President - Operations$200,300
Bob CareyExecutive Vice President Advocacy and Strategy$153,461
...and 31 more key personnel

Financials for Independence Fund

RevenuesFYE 06/2022
Total grants, contributions, etc.$8,361,774
Program services$0
Investment income and dividends$182,262
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$23,074
Total revenues$8,567,110

Form 990s for Independence Fund

Fiscal year endingDate received by IRSFormPDF link
2021-062021-12-17990View PDF
2020-062021-04-15990View PDF
2019-062020-12-18990View PDF
2018-062019-07-23990View PDF
2017-122018-10-16990View PDF
...and 7 more Form 990s
Data update history
May 6, 2023
Received grants
Identified 1 new grant, including a grant for $5,000 from John E and Nellie J Bastien Memorial Foundation
October 16, 2022
Updated personnel
Identified 2 new personnel
August 10, 2022
Posted financials
Added Form 990 for fiscal year 2021
August 3, 2022
Received grants
Identified 12 new grant, including a grant for $43,900 from American Endowment Foundation
July 17, 2022
Updated personnel
Identified 7 new personnel
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
8349-r Arrowridge Blvd
Charlotte, NC 28273
Metro area
Charlotte-Concord-Gastonia, NC-SC
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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