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The Institute For Independence

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 271030737 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is The Institute For Independence?

The Institute for Independence is a nonprofit organization that dedicatedly works towards empowering individuals and entrepreneurs. Their mission involves providing support through various programs and services, aiming to improve communities positively. Particularly, they offer financial aid to black medical students pursuing their medical degrees, thereby contributing to the field of healthcare.

Is The Institute For Independence legitimate?

The Institute For Independence is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Institute For Independence submitted a form 990EZ, 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.

What is the mission statement of The Institute For Independence?

The Institute for Independence's mission is centered around empowering individuals and entrepreneurs by providing them with supportive programs and services. This organization aims to make a positive impact on communities at large. Specifically, they offer financial aid to black medical students to help them pursue their dreams of becoming doctors, thereby contributing to the healthcare sector. The Institute for Independence's mission is to foster growth and development in these individuals, ultimately benefiting the communities they serve.

Who is the CEO of The Institute For Independence?

Ira Williams is the Executive Director of The Institute For Independence.

What is the revenue of The Institute For Independence?

The Institute For Independence's revenue in 2022 was $170,170.

Who are the executives of The Institute For Independence and what are their salaries?


Here are 3 key members and their salaries:


Ira Williams (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rickey Lewis (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Darden (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for The Institute For Independence?

The Institute For Independence's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of The Institute For Independence

The Institute for Independence is a nonprofit organization that focuses on empowering individuals and entrepreneurs by offering programs and services aimed at positively impacting communities. One of its key initiatives is providing financial aid to black medical students pursuing their medical degrees. By offering this assistance, the Institute for Independence is actively contributing to the diversity of the medical field and ensuring that talented individuals are not hindered by financial constraints. This mission aligns with the organization's broader goal of fostering growth and development within communities, ultimately leading to a more inclusive and prosperous society.

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Impact




October, 2024

The Institute for Independence plays a crucial role in empowering individuals and entrepreneurs, particularly in underserved communities. By offering programs and services that focus on skill development and financial support, the organization directly contributes to the growth of local economies. One of its significant initiatives includes providing financial aid to black medical students, helping to alleviate the burden of educational costs and fostering diversity in the medical field. This support not only assists the students but also strengthens the healthcare workforce, ensuring that it reflects and can effectively serve the diverse populations within Chicago. Through these efforts, The Institute for Independence positively impacts the community by creating pathways for educational and professional success while addressing systemic inequities.




This information is meant to be a general summary of The Institute For Independence. 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.

Revenue
$170,170 (2022)
Expenses
$97,117 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $170,170

Assets and Liabilities:

  • Total Assets: $119,130
  • Total Liabilities: $0
  • Net Assets: $119,130

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Organization Details

Principal Officer

Ira Williams

Main Address

332 S MICHIGAN AVE STE 121 5723 STE, CHICAGO, IL, 60604

NTEE Category

Code: L20 - Housing

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