Independence Center
- Assets
- $17.8m
- Revenue
- $13.3m
- Investments
- $0.0
- Employees
- 135
- Location
- St Louis, MO
- Founding
- 04/1980
- Data as of
- 06/2024
- EIN
- 43-1195240
Organization Overview
Independence Center is located in St Louis, MO. The organization was established in 1980. According to its NTEE Classification (F30) the organization is classified as: Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2024, Independence Center employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independence Center 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 06/2024, Independence Center generated $13.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $11.0m during the year ending 06/2024. While expenses have increased by 3.3% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ORGANIZATION IS TO ASSIST PEOPLE WITH MENTAL ILLNESS TO LIVE AND WORK IN THE COMMUNITY, INDEPENDENTLY AND WITH DIGNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REHABILITATION - PROVIDES AN ARRAY OF PSYCHIATRIC REHABILITATION AND WELLNESS SUPPORT FOR ADULTS LIVING WITH SEVERE MENTAL ILLNESS.
CLINICAL - PROVIDES PSYCHOTHERAPY FOR INDEPENDENCE CENTER PATIENTS.
RESIDENTIAL PROGRAMS - PROVIDES INDEPENDENT AND SUPPORTED HOUSING FOR INDIVIDUALS LIVING WITH SEVERE AND PERSISTENT MENTAL ILLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brittny Keshia Adams Board Member | Trustee | 1 | $0 |
Maggie Friedhoff Board Member | Trustee | 1 | $0 |
Hanna M Collier Board Member | Trustee | 1 | $0 |
Aimiee Billingsley Board Member | Trustee | 1 | $0 |
Danielle Rose Board Member | Trustee | 1 | $0 |
Jay Link Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $103,408 |
| Membership dues | $0 |
| Fundraising events | $608,745 |
| Related organizations | $0 |
| Government grants | $1,567,929 |
| All other contributions, gifts, grants, and similar amounts not included above | $375,031 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,655,113 |
| Total Program Service Revenue | $10,814,512 |
| Investment income | $165,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$37,734 |
| Net Income from Fundraising Events | -$316,029 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $27,855 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,325,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,185,304 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,849,220 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $272,972 |
| Advertising and promotion | $2,783 |
| Office expenses | $841,173 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $312,803 |
| Travel | $181,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100,734 |
| Interest | $14,509 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $251,598 |
| Insurance | $0 |
| All other expenses | $24,482 |
| Total functional expenses | $11,022,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,310,166 |
| Savings and temporary cash investments | $341,447 |
| Pledges and grants receivable | $54,250 |
| Accounts receivable, net | $2,194,164 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $147,180 |
| Net Land, buildings, and equipment | $6,081,930 |
| Investments—publicly traded securities | $7,658,300 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,547 |
| Total assets | $17,806,984 |
| Accounts payable and accrued expenses | $1,669,200 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,669,200 |
| Net assets without donor restrictions | $16,122,784 |
| Net assets with donor restrictions | $15,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,806,984 |