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Independence Foundation Inc

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

EIN: 461746787 ✦ Baltimore, MD ✦ Designated as a 501(c)(3)

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Overview

What is Independence Foundation Inc?

Independence Foundation Inc, located in Baltimore, Maryland, is a nonprofit organization dedicated to supporting individuals, children, and adults with functional psychiatric impairments. Their mission is to promote stability and financial freedom by empowering these individuals through skill acquisition, fostering self-determination and independence. They offer a psychiatric rehabilitation program, providing necessary clinical treatments along with interventions to develop, enhance, retain, and recover mental stability, social competencies, personal adjustment, and independent living skills. The program involves goal setting, functional assessments, skill teaching, and managing support resources, tailored to an individual's cultural environment.


Official website here: www.independencefoundationinc.org

Is Independence Foundation Inc legitimate?

Independence Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $75,625

For more financial information, click here


Official website here: www.independencefoundationinc.org

What is the mission statement of Independence Foundation Inc?

Independence Foundation Inc aims to enhance stability and financial freedom for individuals in underserved communities through skill acquisition. This mission is to promote self-determination and independence. They provide a psychiatric rehabilitation program that supports and assists individuals with functional psychiatric impairments resulting from mental stresses. The program aims to develop, enhance, retain, and recover mental stability, social competencies, personal adjustment, and independent living competencies. This is achieved concurrently with necessary clinical treatments. A planned program of goal setting, functional assessment, identifying necessary and preferred skills and supports, skill teaching, and managing resources is necessary to produce desired outcomes consistent with a person's cultural environment.


Official website here: www.independencefoundationinc.org

Who is the CEO of Independence Foundation Inc?

Lavon Magruder is the Director of Independence Foundation Inc.


Official website here: www.independencefoundationinc.org

What is the revenue of Independence Foundation Inc?

Independence Foundation Inc's revenue in 2022 was $153,127.


Official website here: www.independencefoundationinc.org

Who are the executives of Independence Foundation Inc and what are their salaries?

There 1 volunteer at Independence Foundation Inc.


Here are 5 key members and their salaries:


Hakim Ali (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tashawna Fennell (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lavon Magruder (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vincent Martin (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Micheal Pope (Vice-Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.independencefoundationinc.org

Where can I find the form 990 for Independence Foundation Inc?

Independence Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.independencefoundationinc.org

Learn more at the official website: www.independencefoundationinc.org

Mission Statement of Independence Foundation Inc

Independence Foundation Inc, a nonprofit organization, is dedicated to enhancing stability and financial freedom for children and adults in underserved communities. Their mission is to promote self-determination and independence by providing skill acquisition opportunities. To achieve this, they offer a psychiatric rehabilitation program that supports individuals, both children and adults, with functional psychiatric impairments due to mental stresses. This program aims to develop, enhance, retain, and recover mental stability, social competencies, personal adjustment, and independent living competencies. The rehabilitative interventions are carried out concurrently with necessary clinical treatments. A planned program of goal setting, functional assessment, identifying needed and preferred skills and supports, skill teaching, and managing supports and resources is essential to produce the desired outcomes consistent with an individual's cultural environment.

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Impact




October, 2024

Independence Foundation Inc significantly impacts underserved communities by fostering stability and financial independence through skill acquisition. By providing comprehensive support and resources, the organization empowers children and adults to develop essential skills that enhance their ability to achieve self-determination.

The psychiatric rehabilitation program is a cornerstone of its efforts, assisting individuals facing functional psychiatric impairments. This holistic approach addresses not only mental health needs but also equips participants with the social competencies and independent living skills crucial for success in home, school, work, and community settings.

Through personalized interventions, goal setting, and functional assessments, participants are guided to identify and develop their unique strengths. This method not only promotes recovery and resilience but also helps individuals navigate their personal and cultural environments, leading to greater satisfaction and improved quality of life. The Independence Foundation Inc's initiatives create a ripple effect, contributing to healthier, more self-sufficient communities in Baltimore and beyond.




This information is meant to be a general summary of Independence Foundation 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.

Revenue
$153,127 (2022)
Expenses
$154,599 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $153,127
  • Gross Receipts: $153,127

Assets and Liabilities:

  • Total Assets: $269,063
  • Total Liabilities: $56,407
  • Net Assets: $212,656

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PSYCHIATRIC REHABILITATION

Revenue

$153,127

Organization Details

Founding Year

2013

Principal Officer

Lavon Magruder

Main Address

13 S CARROLLTON AVENUE, BALTIMORE, MD, 21223

NTEE Category

Code: P51 - Human services

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