NonprofitsThe Independence Fund Inc

Public & Societal Benefit

The Independence Fund Inc

CHARLOTTE, NC

Total revenue

$6.1M

Total expenses

$9.8M

Net assets

$3.2M

Grants received

$9.2M

299 grants

EIN

260322088

Tax year

2023

Mission

To serve the Warfighter community by providing programs and services that foster the physical, mental, emotional, and spiritual independence of our service members, combat Veterans, Caregivers, families and Allies.

Financials

FY 2023

Revenue

Contributions & grants$6.0M
Program service revenue
Investment income$52K
Other revenue$76K
Total revenue$6.1M

Expenses

Grants paid$979K
Salaries & benefits$4.4M
Fundraising$212K
Other expenses$4.4M
Total expenses$9.8M
Total assets$3.9M
Net assets$3.2M

People

9 listed

NameRoleCompensation

Dena Lecompt

CFO

Board

$120K

40 hrs/wk

John Bauer

Chief Strategist

Board

$52K

40 hrs/wk

Grant Campbell

Chair

Board

10 hrs/wk

Jennifer Korn

Director

Board

10 hrs/wk

Alea Nadeem

Secretary

Board

10 hrs/wk

Cheryl Mason

Director

Board

10 hrs/wk

Sarah Verado

CEO

Staff

$298K

40 hrs/wk

Clark Pennington

COO

Staff

$204K

40 hrs/wk

Malgorzata Reazka

Chief of Engagements

Staff

$102K

40 hrs/wk

Grants received

Showing 200 of 299

FromAmountPurposeYear
$130K
PROGRAM SUPPORT
2024
$60K
PUBLIC AFFAIRS
2024
$40K
TWO TRACK CHAIRS TRAILERS
2024
$25K
VETERANS & FIRST RESPONDERS
2024
$25K
GENERAL SUPPORT
2024
$20K
GENERAL FUNDING
2024
$20K
GENERAL OPERATING
2024
$20K
PUBLIC, SOCIETAL BENEFIT
2024
$16K
wounded veterans trackchair
2024
$16K
GENERAL SUPPORT
2024
$16K
to purchase one Track Chair and Trailer
2024
$15K
GENERAL SUPPORT
2024
$15K
Veteran's Equipment
2024
$15K
GENERAL SUPPORT
2024
$10K
HELP INJURED SERVICE MEMBERS ACHIEVE
2024
$10K
Fundraising with the Checkers.
2024
$10K
PROGRAM SUPPORT
2024
$10K
UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S MISSION
2024
$8K
MILITARY SUPPORT
2024
$8K
GENERAL SUPPORT
2024
$5K
GENERAL FUND
2024
$3K
CHARITABLE
2024
$3K
PROGRAM SERVICES
2024
$1K
HELPS VETERANS
2024
$1K
SUPPORTS VETERANS
2024
$500
CHARITABLE
2024
$280
GENERAL SUPPORT
2024
$200
GENERAL SUPPORT
2024
$137K
For grant recipient's exempt purposes
2023
$100K
WOUNDED HEROES EVENT SUPPORT
2023
$100K
SUPPOR OF DAILY OPERATIONS
2023
$54K
PUBLIC, SOCIETAL BENEFIT
2023
$40K
2 TRACK CHAIRS TRAILERS
2023
$24K
GENERAL FUNDING
2023
$20K
GENERAL SUPPORT
2023
$20K
HELP INJURED SERVICE MEMBERS ACHIEVE
2023
$20K
UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE
2023
$16K
Charitable Contribution
2023
$16K
veterans assitance
2023
$16K
to purchase a Track Chair and Trailer
2023
$15K
TO SUPPORT THE GENERAL OPERATIONS OF THE ORGANIZATION
2023
$15K
GENERAL SUPPORT
2023
$13K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$13K
GENERAL SUPPORT
2023
$13K
Fundraising with the Checkers.
2023
$12K
PUBLIC AFFAIRS
2023
$10K
General support for programs, operations and other charitable purposes
2023
$10K
PROGRAM SUPPORT
2023
$10K
Veteran's Equipment
2023
$7K
GENERAL SUPPORT
2023
$5K
TO SUPPORT VETERANS IN NEED
2023
$3K
CHARITABLE
2023
$3K
PROGRAM SERVICES
2023
$3K
GENERAL FUND
2023
$2K
CHARITABLE ORGANIZATION
2023
$1K
GENERAL OPERATING SUPPORT
2023
$1K
SUPPORTS VETERANS
2023
$500
MATCHING GIFTS
2023
$325
GENERAL CONTRIBUTION
2023
$250
GENERAL OPERATING CONTRIBUTION
2023
$735K
Refugee Programs
2022
$123K
PUBLIC AFFAIRS
2022
$109K
For grant recipient's exempt purposes
2022
$100K
SUPPOR OF DAILY OPERATIONS
2022
$97K
PUBLIC, SOCIETAL BENEFIT
2022
$63K
PUBLIC, SOCIETAL BENEFIT
2022
$40K
SOCIAL WELFARE
2022
$32K
TWO TRACK CHAIRS TRAILERS
2022
$20K
HELP INJURED SERVICE MEMBERS ACHIEVE
2022
$20K
GENERAL FUNDING
2022
$20K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$20K
UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE
2022
$16K
Charitable Contribution
2022
$16K
Veteran support
2022
$16K
To provide one track chair and trailer
2022
$15K
GENERAL SUPPORT
2022
$15K
GENERAL SUPPORT
2022
$12K
GENERAL SUPPORT
2022
$11K
CHARITABLE DONATION
2022
$10K
GENERAL SUPPORT
2022
$10K
CHARITABLE GIFT
2022
$10K
Fundraising with the Checkers.
2022
$10K
PHILANTHROPIC CONT
2022
$10K
VETERAN ASSISTANCE
2022
$10K
PROGRAM SUPPORT
2022
$9K
EMERGENCY RELIEF
2022
$6K
GENERAL SUPPORT
2022
$5K
PUBLIC SUPPORT
2022
$5K
COMMUNITY SUPPORT
2022
$5K
GENERAL CHARITABLE PURPOSES
2022
$5K
TO SUPPORT VETERANS IN NEED
2022
$3K
ASSISTANCE FOR CHARITABLE PURPOSES
2022
$3K
Program Support
2022
$3K
PROGRAM SERVICES
2022
$3K
GENERAL FUND
2022
$3K
GENERAL FUND
2022
$2K
MATCHING GIFTS
2022
$2K
CHARITABLE ORGANIZATION
2022
$2K
Program Support
2022
$250
GENERAL OPERATING CONTRIBUTION
2022
$100
MIP PAYOUT FOR 04/01/2022
2022
$737K
Refugee Programs
2021
$735K
CHARITABLE DONATION
2021
$428K
For grant recipient's exempt purposes
2021
$428K
For grant recipient's exempt purposes
2021
$258K
Program Assistance
2021
$95K
TO ASSIST THOSE IN NEED.
2021
$65K
PUBLIC, SOCIETAL BENEFIT
2021
$40K
SOCIAL WELFARE
2021
$32K
GENERAL FUNDING
2021
$20K
PUBLIC SUPPORT
2021
$20K
HELP INJURED SERVICE MEMBERS ACHIEVE
2021
$20K
PUBLIC SUPPORT
2021
$15K
TO SUPPORT WOUNDED VETERANS AND THEIR CAREGIVERS
2021
$15K
WELCOME FUND:AFGHANISTAN WELCOME.US
2021
$15K
GENERAL SUPPORT
2021
$10K
General Fund
2021
$10K
PUBLIC, SOCIETAL BENEFIT
2021
$10K
TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE
2021
$10K
PROGRAM SUPPORT
2021
$10K
COMMUNITY SUPPORT
2021
$10K
For recipient's exempt purpose
2021
$9K
UNRESTRICTED
2021
$8K
CHARITABLE SUPPORT
2021
$7K
GENERAL SUPPORT
2021
$5K
TO SUPPORT PHYSICAL, MENTAL, EMOTIONAL & SPIRITUAL INDEPENDENCE OF SERVICE MEMBERS, COMBAT VETERANS, CAREGIVERS, FAMILIES, ETC.
2021
$5K
PROGRAM SERVICES
2021
$5K
GENERAL FUND
2021
$5K
CHARITY SERVICES
2021
$5K
GENERAL CHARITABLE PURPOSES
2021
$4K
General & Unrestricted
2021
$3K
Program Support
2021
$2K
CHARITABLE ORGANIZATION
2021
$2K
SUPPORTING WOUNDED VETERANS
2021
$1K
DONATIONS TO COLLEGES, UNIVERSITIES AND OTHER ORGANIZATIONS UNDER "MATCHING GIFTS PROGRAM."
2021
$1K
GENERAL SUPPORT
2021
$500
General Purpose
2021
$250
CHARITABLE
2021
$250
GENERAL OPERATING CONTRIBUTION
2021
$200
GENERAL OPERATING SUPPORT
2021
$288K
For grant recipient's exempt purposes
2020
$120K
SUPPORT OF DAILY ACTIVITIES
2020
$63K
PUBLIC, SOCIETAL BENEFIT
2020
$40K
SOCIAL WELFARE
2020
$32K
GENERAL SUPPORT
2020
$32K
GENEARL OPERATING
2020
$32K
TWO TRACK CHAIRS TRAILERS
2020
$30K
GENERAL SUPPORT
2020
$30K
TO SUPPORT WOUNDED VETERANS AND THEIR CAREGIVERS
2020
$25K
GENERAL USE AND/OR SPECIAL FUND/PROJECT
2020
$25K
INDEPENDENCE@HOME
2020
$20K
GENERAL SUPPORT
2020
$20K
GENERAL SUPPORT
2020
$20K
HELP INJURED SERVICE MEMBERS ACHIEVE
2020

Funded by

$9.2M from 126 funders · 299 grants · 2017–2024

Fidelity Investments Charitable Gift Fund

$1.7M · 8 grants · 2017–2023

International Rescue Committee Inc

$1.5M · 2 grants · 2021–2022

Charities Aid Foundation America

$989K · 3 grants · 2019–2022

Donor Advised Charitable Giving Inc

$445K · 7 grants · 2017–2023

Elkins Davis Fdn Charitable Trust

$320K · 3 grants · 2020–2023

Save Our Allies

$258K · 1 grant · 2021

American Endowment Foundation

$238K · 4 grants · 2020–2024

Alfred Phillips Foundation Inc

$225K · 5 grants · 2020–2024

Details

EIN260322088
NTEE codeW30
Subsection03
Ruling date2007-08
Formed2007
Employees48
Volunteers50
THE INDEPENDENCE FUND INC — Mission, Financials & Grants Received | Grantivo