Overview
What is The Independence Fund Inc?
The Independence Fund Inc is a nonprofit organization that wholeheartedly supports severely wounded veterans and their dedicated caregivers. By offering a range of mobility and treatment programs, this organization aims to help veterans regain control over their lives, ultimately leading to a brighter future. The Independence Fund provides veterans with essential mobility and adaptive devices, funds medical care and therapies for both veterans and their caregivers, and advocates for continued services and support within the veteran community. Their mission is deeply rooted in gratitude for the freedoms these heroes have fought tirelessly to protect.
Official website here: www.independencefund.org
What are the reviews and ratings of this charity?
**:** Charity Navigator Rating 100% (Four-Star out of Four Stars)-Star)
The Independence Fund Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting top-tier accountability and financial health. With a significant emphasis on transparency, the organization boasts a 100% score in Culture & Community alongside robust financial metrics, such as 76.33% of expenses directed towards programs and a minimal fundraising efficiency ratio of $0.09. The charity's commitment to independent governance is evidenced by its board composition, with 83% of members being independent.
The organization exemplifies best practices in financial oversight, as demonstrated by its perfect scores in various accountability metrics. Notable strengths include the absence of asset diversions and the implementation of critical policies like conflict of interest and whistleblower protections. These factors contribute to a solid foundation of trust and reliability in its operations.
Unfortunately, user reviews from GreatNonprofits could not be fetched, leaving a gap in firsthand experiences from the community and stakeholders. Nonetheless, the data reflects a highly competent organization dedicated to its mission and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is The Independence Fund Inc legitimate?
The Independence Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Independence Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $824,762
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,076,346
For more financial information, click here
Official website here: www.independencefund.org
What is the mission statement of The Independence Fund Inc?
The Independence Fund Inc's mission is centered around supporting injured and wounded veterans. Their primary goal is to help these veterans regain their independence, a tribute to the freedoms they have valiantly safeguarded. They achieve this by providing mobility and adaptive devices, and funding for veterans and their caregivers to access necessary medical care and therapies. Furthermore, they advocate with other veteran organizations to ensure ongoing services and support are obtained.
Official website here: www.independencefund.org
Who is the CEO of The Independence Fund Inc?
Sarah Verardo is the Chairman of The Independence Fund Inc. The CEO's salary of The Independence Fund Inc is $240,620 and their total compensation is $243,857.
Official website here: www.independencefund.org
What is the revenue of The Independence Fund Inc?
The Independence Fund Inc's revenue in 2022 was $8,567,110.
Official website here: www.independencefund.org
Who are the executives of The Independence Fund Inc and what are their salaries?
The average compensation at The Independence Fund Inc during 2022 was $59,410. There are 32 employees and 190 volunteers at The Independence Fund Inc.
Here are 9 key members and their salaries (The Independence Fund Inc's CEO's salary is $240,620 and their total compensation is $243,857):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $240,620
- Related: $0
- Other: $3,237
- Compensation: $153,461
- Related: $0
- Other: $19,223
- Compensation: $200,300
- Related: $0
- Other: $2,867
- Compensation: $121,923
- Related: $0
- Other: $643
Official website here: www.independencefund.org
Where can I find the form 990 for The Independence Fund Inc?
The Independence Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.independencefund.org
Learn more at the official website: www.independencefund.org
Mission Statement of The Independence Fund Inc
The Independence Fund Inc is dedicated to expressing gratitude to our injured and wounded veterans by providing them with the resources necessary to regain their independence. This nonprofit organization strives to accomplish this mission by offering mobility and adaptive devices, as well as funding for medical care and therapies for both the veterans and their caregivers. Furthermore, The Independence Fund Inc advocates with other veteran organizations to ensure that these individuals continue to receive essential services and support. The organization's ultimate goal is to preserve the freedom that these veterans have fought so valiantly for and help them rebuild their lives with the necessary tools and support.
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Impact
October, 2024
The Independence Fund Inc significantly impacts the lives of injured and wounded veterans by providing essential tools for achieving independence. Through their robust programs, they offer mobility devices and adaptive equipment, which enable veterans to regain autonomy in their daily activities.
Additionally, the Fund supports veterans and their caregivers by funding medical care and therapies, addressing both physical and emotional health needs. This comprehensive approach not only uplifts veterans but also empowers their caregivers, fostering a supportive environment for healing and recovery.
Furthermore, The Independence Fund engages in advocacy efforts with other veteran organizations, ensuring that veterans receive the ongoing support and services they need. By facilitating access to essential resources, the Fund plays a crucial role in helping veterans build a strong foundation for their futures, allowing them to reclaim their independence and improve their quality of life.
This information is meant to be a general summary of The Independence Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $182,262
- Gross Receipts: $8,567,110
Assets and Liabilities:
- Total Assets: $7,812,789
- Total Liabilities: $538,006
- Net Assets: $7,274,783
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Organization Details
Founding Year
2007
Phone
(888) 851-7966Principal Officer
Sarah Verardo
Main Address
8349-R ARROWRIDGE BOULEVARD, CHARLOTTE, NC, 28273
Website
www.independencefund.orgNTEE Category
Code: W30 - Public benefit
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