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Independence Charitable Trust

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

EIN: 481172055 ✦ Lawrence, KS ✦ Designated as a 501(c)(3)

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Overview

What is Independence Charitable Trust?

Independence Charitable Trust is a nonprofit organization situated in Lawrence, Kansas, specifically at 1310 Wakarusa Drive A. Their primary function involves collecting donations with the intention of granting funds to other 501(c)(3) organizations. The focus of these recipient organizations is primarily serving the legal needs of low-income individuals. By providing financial support, Independence Charitable Trust aims to contribute to the wider social cause and positively impact the community.


Official website here: www.midlandgroup.com

Is Independence Charitable Trust legitimate?

Independence Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence Charitable Trust 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: $0

For more financial information, click here


Official website here: www.midlandgroup.com

What is the mission statement of Independence Charitable Trust?

The Independence Charitable Trust's primary mission is to collect donations, with the intention of dispersing funds to eligible 501(c)(3) organizations. Specifically, it has granted money to Kansas Legal Services, Inc., a non-profit organization that addresses the legal needs of low-income individuals. By providing financial support to these charitable organizations, the Trust aims to contribute to their respective causes and make a positive impact in various communities.


Official website here: www.midlandgroup.com

Who is the CEO of Independence Charitable Trust?

Steve Fredrickson is the Chairman Of The Board of Independence Charitable Trust. The CEO's salary of Independence Charitable Trust is $0 and their total compensation is $0.


Official website here: www.midlandgroup.com

What is the revenue of Independence Charitable Trust?

Independence Charitable Trust's revenue in 2022 was -$320,819.


Official website here: www.midlandgroup.com

Who are the executives of Independence Charitable Trust and what are their salaries?


Here are 7 key members and their salaries (Independence Charitable Trust's CEO's salary is $0 and their total compensation is $0):


Mel J Sauer Jr (Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger L Mccollister (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marilyn M Harp (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Fredrickson (Chief Financial Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Lennen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald A Johnston (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacob Hodge (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.midlandgroup.com

Where can I find the form 990 for Independence Charitable Trust?

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


Official website here: www.midlandgroup.com

Learn more at the official website: www.midlandgroup.com

Mission Statement of Independence Charitable Trust

Independence Charitable Trust is an organization dedicated to collecting donations with the purpose of granting funds to 501(C)(3) nonprofit organizations. In essence, its mission revolves around using these donations to make a difference in various charitable causes. One of the notable grants made by the Trust was to Kansas Legal Services, Inc., a 501(C)(3) organization that focuses on addressing the legal needs of low-income individuals. This act underscores the Trust's commitment to supporting organizations that strive to improve the lives of those in need.

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Impact




October, 2024

Independence Charitable Trust significantly impacts the community by facilitating the flow of donations aimed at supporting vital legal services for low-income individuals. By channeling funds specifically to organizations like Kansas Legal Services, Inc., it addresses critical legal needs that many underserved populations face. This focus on philanthropy ensures that essential legal support is accessible, promoting justice and equity in the legal system. The trust’s efforts not only empower individuals to navigate their legal challenges but also strengthen the overall well-being of the community in Lawrence, KS, and beyond.




This information is meant to be a general summary of Independence Charitable Trust. 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
-$320,819 (2022)
Expenses
$210,626 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $43,345
  • Gross Receipts: $1,149,632

Assets and Liabilities:

  • Total Assets: $5,066,780
  • Total Liabilities: $50,673
  • Net Assets: $5,016,107

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Organization Details

Founding Year

1995

Principal Officer

Steve Fredrickson

Main Address

1310 WAKARUSA DRIVE A, LAWRENCE, KS, 66049

NTEE Category

Code: T30 - Philanthropy

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