Civic Intelligence

Independence Foundation Inc.

990 • Fiscal year 2017 • EIN 46-1746787

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 29, 2018

Organization ProfileINDEPENDENCEFOUNDATIONINC.ORG
13 S Carrollton AvenueBaltimore, MD 21223

(443) 204-1134

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.18x

Higher debt load relative to assets than 82% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

83rd percentile

0.12x

Higher debt load relative to revenue than 83% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

30th percentile

-5.1%

Higher net margin than 30% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

86th percentile

$30,000

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Revenue Growth

92nd percentile

98%

Faster revenue growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$261,915

Up $261,915 from 2016

Net Assets

Up

$213,881

Up $195,363 (+1055%) from 2016

Liabilities

$48,034

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin30th percentile

Revenue

Up

$396,324

Up $196,444 (+98%) from 2016

Expenses

Up

$416,361

Up $234,999 (+130%) from 2016

Net Income

Down

-$20,037

Down $38,555 (-208%) from 2016

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2014: $1Liabilities 2014: $02014Assets 2016: $0Net Assets 2016: $18,5182016Assets 2017: $261,915Liabilities 2017: $48,034Net Assets 2017: $213,8812017Assets 2018: $260,807Liabilities 2018: $41,363Net Assets 2018: $219,4442018Assets 2019: $257,771Liabilities 2019: $22,087Net Assets 2019: $235,6842019Assets 2020: $298,424Liabilities 2020: $58,357Net Assets 2020: $240,0672020Assets 2021: $271,896Liabilities 2021: $54,524Net Assets 2021: $217,3722021Assets 2022: $269,063Liabilities 2022: $56,407Net Assets 2022: $212,6562022Assets 2023: $257,807Liabilities 2023: $54,573Net Assets 2023: $203,2342023Assets 2024: $252,275Liabilities 2024: $47,306Net Assets 2024: $204,9692024

Highlighted filing

2017

Assets$261,915
Liabilities$48,034
Net Assets$213,881
Open 2017 Filing

Operations Trend

Revenue Growth92nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2016: $199,880Expenses 2016: $181,362Net Income 2016: $18,5182016Revenue 2017: $396,324Expenses 2017: $416,361Net Income 2017: -$20,0372017Revenue 2018: $341,180Expenses 2018: $335,617Net Income 2018: $5,5632018Revenue 2019: $283,659Expenses 2019: $267,419Net Income 2019: $16,2402019Revenue 2020: $288,877Expenses 2020: $284,494Net Income 2020: $4,3832020Revenue 2021: $182,817Expenses 2021: $205,512Net Income 2021: -$22,6952021Revenue 2022: $153,127Expenses 2022: $154,599Net Income 2022: -$1,4722022Revenue 2023: $162,171Expenses 2023: $171,593Net Income 2023: -$9,4222023Revenue 2024: $193,463Expenses 2024: $191,728Net Income 2024: $1,7352024

Highlighted filing

2017

Revenue$396,324
Expenses$416,361
Net Income-$20,037
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 29, 2018
Return Version
2017v2.3
Gross Receipts
$396,324
Mission and Program Overview

Mission

We enhance stability and financial freedom through skill acquisition for children and adults in underserved communities to promote self- determination and independence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$258,600$256,537▼ $2,063
Rtn Earn Endowment Incm Other Fnds$297,118$213,881▼ $83,237
Loans From Officers Directors-$38,125-
Cash and Non-Interest-Bearing Accounts$39,441$5,378▼ $34,063
Total Assets$298,041$261,915▼ $36,126
Liabilities
Unsecured Notes Loans Payable-$8,329-
Accounts Payable and Accrued Expenses$923$1,580▲ $657
Total Liabilities$923$48,034▲ $47,111
Net Assets / Fund Balance
Total Net Assets Fund Balance$297,118$213,881▼ $83,237
Total Liabilities and Net Assets / Fund Balance$298,041$261,915▼ $36,126

Asset Categories

AssetBook ValueDepreciationBasis
Land$250,000-$250,000
Other Land Buildings$3,143$2,857$6,000
Equipment$3,394$1,206$4,600
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lavon MagruderDirectorFT$30,000$30,000
Hakim AliDirectorFT$10,000$10,000

Board Members and Trustees

NameTitle
Vincent MartinChairman
Micheal PopeVice-chairma
Tashawna FennellSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$396,324
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-20,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$214,489
Other Expenses$201,872
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$167,550--$167,550
Insurance-$43,981-$43,981
Current Officers, Directors, Trustees, and Key Employees-$30,000-$30,000
All Other Expenses$646$22,166-$22,812
Payroll Taxes$16,939--$16,939
Occupancy-$15,863-$15,863
Other Expenses$42,195$15,155-$15,155
Fees for Services Legal-$7,540-$7,540
Office Expenses-$6,988-$6,988
Fees for Services Management-$3,272-$3,272
Depreciation Depletion-$1,663-$1,663
Travel-$923-$923
Interest-$643-$643
Advertising-$416-$416
Payment Travel Entrtnmnt Publicly Ofcl-$362-$362
Total Functional Expenses$227,330$189,031$0$416,361
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$38,125-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Independence Foundation Inc
EIN
46-1746787
Phone
4432041134
Address
13 S CARROLLTON AVENUE, BALTIMORE, MD 21223

Signing Officer

Name
Hakim Ali
Title
Director
Phone
4432041134
Signed
2018-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lavon Magruder
Formed
2013
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
3
Employees
9

Preparer

Firm
Albert T Kim CPA Pa
Address
4 E ROLLING CROSSROADS STE 211, CATONSVILLE, MD 21228
Preparer
Albert Kim
Phone
4107191000
Raw XML Appendix314 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0923
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01580
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0WE ENHANCE STABILITY AND FINANCIAL FREEDOM THROUGH SKILL ACQUISITION FOR CHILDREN AND ADULTS IN UNDERSERVED COMMUNITIES TO PROMOTE SELF- DETERMINATION AND INDEPENDENCE.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0416
IRS990/AdvertisingGrp/TotalAmt0416
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt022166
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0646
IRS990/AllOtherExpensesGrp/TotalAmt022812
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0LAVON MAGRUDER
IRS990/BooksInCareOfDetail/PhoneNum04432041134
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt09954 SHOSHONE WAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0RANDALLSTOWN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd021133
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt039441
IRS990/CashNonInterestBearingGrp/EOYAmt05378
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt030000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt030000
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0201872
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0396324
IRS990/CYRevenuesLessExpensesAmt0-20037
IRS990/CYSalariesCompEmpBnftPaidAmt0214489
IRS990/CYTotalExpensesAmt0416361
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0396324
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01663
IRS990/DepreciationDepletionGrp/TotalAmt01663
IRS990/Desc0WE PROVIDE A PSYCHIATRIC REHABILITATION PROGRAM THAT SUPPORTS AND ASSISTS PERSONS, CHILDREN, AND ADULTS, WITH FUNCTIONAL PSYCHIATRIC IMPAIRMENTS RESULTING FROM MENTAL STRESSES TO DEVELOP, ENHANCE, RETAIN AND RECOVER MENTAL STABILITY, SOCIAL COMPETENCIES, PERSONAL ADJUSTMENT AND INDEPENDENT LIVING COMPETENCIES SO THAT THEY EXPERIENCE MORE SUCCESS AND SATISFICTION IN THE HOME, SCHOOL, WORK AND COMMUNITY ENVIRONMENTS. THESE REHABILITATIVE INTERVENTIONS OCCUR CONCURRENTLY WITH NECESSARY CLINICAL TREATMENTS. A PLANNED PROGRAM OF GOAL SETTING, FUNCTIONAL ASSESSMENT, IDENTIFICATION OF NEEDED AND PREFERRED SKILLS AND SUPPORTS, SKILL TEACHING AND MANAGING SUPPORTS AND RESOURCES IS NEEDED TO PRODUCE THE DESIRED OUTCOMES CONSISTENT WITH A PERSON'S CULTURAL ENVIRONMENT.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0227330
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt07540
IRS990/FeesForServicesLegalGrp/TotalAmt07540
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt03272
IRS990/FeesForServicesManagementGrp/TotalAmt03272
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0LAVON MAGRUDER
IRS990/Form990PartVIISectionAGrp/PersonNm1HAKIM ALI
IRS990/Form990PartVIISectionAGrp/PersonNm2VINCENT MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHEAL POPE
IRS990/Form990PartVIISectionAGrp/PersonNm4TASHAWNA FENNELL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt030000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE-CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0396324
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InsuranceGrp/ManagementAndGeneralAmt043981
IRS990/InsuranceGrp/TotalAmt043981
IRS990/InterestGrp/ManagementAndGeneralAmt0643
IRS990/InterestGrp/TotalAmt0643
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04063
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0258600
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0256537
IRS990/LandBldgEquipCostOrOtherBssAmt0260600
IRS990/LegalDomicileStateCd0MD
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt038125
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0WE ENHANCE STABILITY AND FINANCIAL FREEDOM THROUGH SKILL ACQUISITION FOR CHILDREN AND ADULTS IN UNDERSERVED COMMUNITIES TO PROMOTE SELF- DETERMINATION AND INDEPENDENCE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0297118
IRS990/NetAssetsOrFundBalancesEOYAmt0213881
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt015863
IRS990/OccupancyGrp/TotalAmt015863
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06988
IRS990/OfficeExpensesGrp/TotalAmt06988
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0CONTRACTUAL STAFF
IRS990/OtherExpensesGrp/Desc1LEASED AUTO EXPENSE
IRS990/OtherExpensesGrp/Desc2AUTO REIMBURSEMENT
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020810
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt119249
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt215155
IRS990/OtherExpensesGrp/ProgramServicesAmt042195
IRS990/OtherExpensesGrp/TotalAmt042195
IRS990/OtherExpensesGrp/TotalAmt120810
IRS990/OtherExpensesGrp/TotalAmt219249
IRS990/OtherExpensesGrp/TotalAmt315155
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0167550
IRS990/OtherSalariesAndWagesGrp/TotalAmt0167550
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt016939
IRS990/PayrollTaxesGrp/TotalAmt016939
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0LAVON MAGRUDER
IRS990/PriorPeriodAdjustmentsAmt0-63200
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PSYCHIATRIC REHABILITATION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0396324
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0396324
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt0362
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt0362
IRS990/ReconcilationRevenueExpnssAmt0-20037
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0396324
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0297118
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0213881
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0396324
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0199880
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0596204
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0396324
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0596204
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0396324
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0199880
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0596204
IRS990ScheduleA/TotalSupportAmt0596204
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt03394
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01206
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04600
IRS990ScheduleD/LandGrp/BookValueAmt0250000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0250000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03143
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02857
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0256537
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt038125
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATING FUND
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0LAVON MAGRUDER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt038125
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0298041
IRS990/TotalAssetsEOYAmt0261915
IRS990/TotalAssetsGrp/BOYAmt0298041
IRS990/TotalAssetsGrp/EOYAmt0261915
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0189031
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0227330
IRS990/TotalFunctionalExpensesGrp/TotalAmt0416361
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0923
IRS990/TotalLiabilitiesEOYAmt048034
IRS990/TotalLiabilitiesGrp/BOYAmt0923
IRS990/TotalLiabilitiesGrp/EOYAmt048034
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0297118
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0213881
IRS990/TotalProgramServiceExpensesAmt0227330
IRS990/TotalProgramServiceRevenueAmt0396324
IRS990/TotalReportableCompFromOrgAmt040000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0396324
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0396324
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0298041
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0261915
IRS990/TravelGrp/ManagementAndGeneralAmt0923
IRS990/TravelGrp/TotalAmt0923
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt08329
IRS990/USAddress/AddressLine1Txt09954 SHOSHONE WAY
IRS990/USAddress/CityNm0RANDALLSTOWN
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021133
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0INDEPENDENCEFOUNDATIONINC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HAKIM ALI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04432041134
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDEPENDENCE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0INDE
ReturnHeader/Filer/EIN0461746787
ReturnHeader/Filer/PhoneNum04432041134
ReturnHeader/Filer/USAddress/AddressLine1Txt013 S CARROLLTON AVENUE
ReturnHeader/Filer/USAddress/CityNm0BALTIMORE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021223
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0B9A0594693BA7D5863D0E8D09471CE61A6B28A93
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B9A0594693BA7D5863D0E8D09471CE61A6B28A93
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt023.30.11.109
ReturnHeader/FilingSecurityInformation/IPDt02018-09-21
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:01:21
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521984594
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALBERT T KIM CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04 E ROLLING CROSSROADS STE 211
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CATONSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021228
ReturnHeader/PreparerPersonGrp/PhoneNum04107191000
ReturnHeader/PreparerPersonGrp/PreparationDt02018-08-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALBERT KIM
ReturnHeader/ReturnTs02018-09-21T11:01:21-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$261,915
Liabilities
$48,034
Net assets
$213,881
Revenue
$396,324
Expenses
$416,361
Net income
-$20,037
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$0.47$2.05$1.93$1.92$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.58$0.55$2.03$1.62$1.72$0.09
2022Detailed filing. Detailed filing data is available for this year.$2.69$0.56$2.13$1.53$1.55$0.01
2021Detailed filing. Detailed filing data is available for this year.$2.72$0.55$2.17$1.83$2.06$0.23
2020Detailed filing. Detailed filing data is available for this year.$2.98$0.58$2.40$2.89$2.84$0.04
2019Detailed filing. Detailed filing data is available for this year.$2.58$0.22$2.36$2.84$2.67$0.16
2018Detailed filing. Detailed filing data is available for this year.$2.61$0.41$2.19$3.41$3.36$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.62$0.48$2.14$3.96$4.16$0.20
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.19$2.00$1.81$0.19
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00