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The Independence Fund Inc

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

EIN: 260322088 ✦ Charlotte, NC ✦ Designated as a 501(c)(3)

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

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.

Here 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):

    Sarah Verardo (Ceo) [Trustee/Director]
  • Compensation: $240,620
  • Related: $0
  • Other: $3,237

    • Samuel Johnson (Evp-Operations)
  • Compensation: $200,300
  • Related: $0
  • Other: $2,867

    • Bob Carey (Evp-Advocacy)
  • Compensation: $153,461
  • Related: $0
  • Other: $19,223

    • Jeremy Davis (Veteran Services Director)
  • Compensation: $121,923
  • Related: $0
  • Other: $643

    • Arthur Pue (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Gross (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Henninger (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Lenhart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sean Spicer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.independencefund.org

    Where can I find the form 990 for The Independence Fund Inc?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    The Independence Fund Inc empowers severely wounded veterans and their caregivers to regain independence by providing mobility and adaptive devices, funding for medical care and therapies, and advocating for ongoing support. Through dedicated programs, the organization assists veterans in transforming their lives for a better future, ensuring lasting emotional and physical healing.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $182,262
  • Program Service Revenue: $0
  • Gross Receipts: $8,567,110

    • Assets and Liabilities:
  • Total Assets: $7,812,789
  • Total Liabilities: $538,006
  • Net Assets: $7,274,783
  • Organization Details

    Founding Year

    2007

    Principal Officer

    Sarah Verardo

    Main Address

    8349-R ARROWRIDGE BOULEVARD, CHARLOTTE, NC, 28273

    NTEE Category

    Code: W30 - Public benefit

    If you are a representative of The Independence Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.