Independence Foundation Incorporated
- Assets
- $419.7k
- Revenue
- $932.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Owensboro, KY
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 26-1568393
Organization Overview
Independence Foundation Incorporated is located in Owensboro, KY. The organization was established in 2009. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independence Foundation Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Independence Foundation Incorporated generated $932.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $692.5k during the year ending 12/2021. While expenses have increased by 15.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Independence Foundation Incorporated has awarded 17 individual grants totaling $2,291,402. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Reid Director | 0 | $0 | |
Chris Reid Director | 0 | $0 | |
Eve Holder Administrator | 0 | $0 | |
Lauren Patton Manager | 0 | $0 | |
Jacob Reid Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $932,479 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $932,479 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,376 |
| Total operating and administrative expenses | $6,026 |
| Contributions, gifts, grants paid | $686,473 |
| Total expenses and disbursements | $692,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $419,718 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $419,718 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Independence Foundation Incorporated has awarded $686,473 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS - SEE ATTACHED PURPOSE: SEE ATTACHMENT | $681,744 |
CHRISTY PERRY PURPOSE: RELIEF OF ECONOMIC DISTRESS, MEDICAL BILLS, RENT | $2,286 |
SUMMER FLOWERS PURPOSE: RELIEF OF ECONOMIC DISTRESS, MEDICAL BILLS, RENT | $2,243 |
HALEY OWENS PURPOSE: RELIEF OF ECONOMIC DISTRESS, MEDICAL BILLS, RENT | $200 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Independence Foundation Incorporated has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Lkq Community Foundation Chicago, IL PURPOSE: GENERAL CHARITABLE PURPOSE | $50,000 |
B J Killian Foundation Louisville, KY PURPOSE: FEED OUR KIDS BACKPACK | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |