Independence Institute
- Assets
- $4.1m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 18
- Location
- Denver, CO
- Founding
- 08/1985
- Data as of
- 12/2021
- EIN
- 84-0990300
Organization Overview
Independence Institute is located in Denver, CO. The organization was established in 1985. As of 12/2021, Independence Institute employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independence Institute 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 Institute generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ISSUES RESEARCH & EDUCATION OF THE PUBLIC.
Describe the Organization's Program Activity:
EDUCATION OF THE PUBLIC REGARDING PUBLIC POLICY ISSUES THROUGH ISSUES ANALYSIS, PUBLICATIONS, CONFERENCES AND MEDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon C Caldara President Of Ii | Officer | 40 | $142,800 |
Katherine Whitcomb Vice Chairman | OfficerTrustee | 1 | $0 |
Mike Mccarty Sec'y/treas | OfficerTrustee | 1 | $0 |
Catherine Shopneck Chairman | OfficerTrustee | 1 | $0 |
Debbie Donner Trustee | Trustee | 1 | $0 |
Joseph Smith Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,988,012 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,988,012 |
| Total Program Service Revenue | $0 |
| Investment income | $48,553 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,200 |
| Net Income from Gaming Activities | $20,365 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,066,130 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $376,000 |
| 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. | $142,800 |
| Compensation of current officers, directors, key employees. | $11,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $829,649 |
| Pension plan accruals and contributions | $13,050 |
| Other employee benefits | $29,219 |
| Payroll taxes | $73,586 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $271,050 |
| Advertising and promotion | $1,330 |
| Office expenses | $46,431 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,116 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,338 |
| Insurance | $9,244 |
| All other expenses | $88,627 |
| Total functional expenses | $2,744,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,326,242 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $54,500 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,983,091 |
| Investments—publicly traded securities | $761,626 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $4,125,460 |
| Accounts payable and accrued expenses | $62,499 |
| 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 | $45,348 |
| Total liabilities | $107,847 |
| Net assets without donor restrictions | $3,625,408 |
| Net assets with donor restrictions | $392,205 |
| 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 | $4,125,460 |
Grants Awarded
Over the last fiscal year, Independence Institute has awarded $375,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Greeley, CO PURPOSE: RESEARCH | $250,000 |
Greeley, CO PURPOSE: RESEARCH | $125,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Independence Institute has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Shopneck Family Foundation Denver, CO PURPOSE: GENERAL FUNDING | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Independence Institute Denver, CO | $4,125,460 | $3,066,130 |
Inter-Tribal Council Inc Miami, OK | $1,155,419 | $1,329,928 |
Center For Policy Research Denver, CO | $2,746,849 | $2,315,506 |
Pittsburg Public Library Board Pittsburg, KS | $1,209 | $1,067,353 |
United Tribes Of Kansas & Southeast Nebraska White Cloud, KS | $158,821 | $495,165 |
American Federation Of State County & Municipal Employees South Salt Lake, UT | $196,496 | $229,445 |