Civic Intelligence

Independence First Foundation Inc.

990 • Fiscal year 2020 • EIN 46-2941274

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 29, 2022

Organization ProfileWWW.INDEPENDENCEFIRST.ORG
540 S 1st StMilwaukee, WI 53204-1605

(414) 291-7520

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

12th percentile

0.03x

Higher debt load relative to revenue than 12% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

1st percentile

-1014%

Higher net margin than 1% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

64th percentile

$219,629

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 54.7% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

4th percentile

-14%

Faster asset growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

4th percentile

-64%

Faster revenue growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets7th percentile

Assets

Down

$17,262,929

Down $2,864,564 (-14%) from 2019

Net Assets

Down

$17,249,662

Down $2,375,880 (-12%) from 2019

Liabilities

Down

$13,267

Down $488,684 (-97%) from 2019

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin1st percentile

Revenue

Down

$401,385

Down $719,658 (-64%) from 2019

Expenses

Up

$4,473,266

Up $1,213,084 (+37%) from 2019

Net Income

Down

-$4,071,881

Down $1,932,742 (-90%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$30M$20M$10M$0Assets 2013: $17,004,839Liabilities 2013: $633,716Net Assets 2013: $16,371,1232013Assets 2014: $17,704,316Liabilities 2014: $534,529Net Assets 2014: $17,169,7872014Assets 2015: $19,095,094Liabilities 2015: $1,718,616Net Assets 2015: $17,376,4782015Assets 2016: $20,317,471Liabilities 2016: $1,452,395Net Assets 2016: $18,865,0762016Assets 2017: $20,798,825Liabilities 2017: $160,709Net Assets 2017: $20,638,1162017Assets 2018: $19,120,986Liabilities 2018: $146,333Net Assets 2018: $18,974,6532018Assets 2019: $20,127,493Liabilities 2019: $501,951Net Assets 2019: $19,625,5422019Assets 2020: $17,262,929Liabilities 2020: $13,267Net Assets 2020: $17,249,6622020Assets 2021: $18,363,879Liabilities 2021: $15,979Net Assets 2021: $18,347,9002021Assets 2022: $14,839,162Liabilities 2022: $13,735Net Assets 2022: $14,825,4272022Assets 2023: $15,909,734Liabilities 2023: $14,585Net Assets 2023: $15,895,1492023Assets 2024: $16,601,650Liabilities 2024: $15,149Net Assets 2024: $16,586,5012024

Highlighted filing

2020

Assets$17,262,929
Liabilities$13,267
Net Assets$17,249,662
Open 2020 Filing

Operations Trend

Revenue Growth4th percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2013: $15,535,757Expenses 2013: $362,899Net Income 2013: $15,172,8582013Revenue 2014: $974,395Expenses 2014: $432,367Net Income 2014: $542,0282014Revenue 2015: $1,128,292Expenses 2015: $149,131Net Income 2015: $979,1612015Revenue 2016: $1,046,977Expenses 2016: $283,641Net Income 2016: $763,3362016Revenue 2017: $1,780,906Expenses 2017: $1,072,115Net Income 2017: $708,7912017Revenue 2018: $2,133,462Expenses 2018: $1,038,120Net Income 2018: $1,095,3422018Revenue 2019: $1,121,043Expenses 2019: $3,260,182Net Income 2019: -$2,139,1392019Revenue 2020: $401,385Expenses 2020: $4,473,266Net Income 2020: -$4,071,8812020Revenue 2021: $3,232,092Expenses 2021: $808,781Net Income 2021: $2,423,3112021Revenue 2022: $489,061Expenses 2022: $842,144Net Income 2022: -$353,0832022Revenue 2023: $591,102Expenses 2023: $914,397Net Income 2023: -$323,2952023Revenue 2024: $1,048,715Expenses 2024: $880,317Net Income 2024: $168,3982024

Highlighted filing

2020

Revenue$401,385
Expenses$4,473,266
Net Income-$4,071,881
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 29, 2022
Return Version
2020v4.2
Gross Receipts
$519,965
Mission and Program Overview

Mission

To support the charitable mission of IndependenceFirst, Inc. which is a community-based, non-residential independent living center in Milwaukee, WI.

Independence first foundation, inc. Supports the charitable mission of independence first, inc., a community-based, non-residential independent living center in milwaukee, wisconsin.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,099,400$17,240,174▼ $2,859,226
Accounts Receivable$17,394$12,546▼ $4,848
Cash and Non-Interest-Bearing Accounts$10,699$10,209▼ $490
Total Assets$20,127,493$17,262,929▼ $2,864,564
Liabilities
Accounts Payable and Accrued Expenses$14,356$12,547▼ $1,809
Other Liabilities$487,595$720▼ $486,875
Total Liabilities$501,951$13,267▼ $488,684
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,076,670$17,249,662▲ $172,992
Net Assets With Donor Restrictions$2,548,872$0▼ $2,548,872
Total Net Assets Fund Balance$19,625,542$17,249,662▼ $2,375,880
Total Liabilities and Net Assets / Fund Balance$20,127,493$17,262,929▼ $2,864,564
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleOtherTotal
Tracy ThomasController$145,858$145,858
Kathleen MeisnerDirector of Independent Living$128,764$128,764
Jacob NowakInformation Technology Director$122,182$122,182

Board Members and Trustees

NameTitle
Scott LuberChair
Marcia BoucherPresident/CEO
Judy HaugslandVice Chair
John LauberDirector
Kim MarggrafDirector
Mike LipscombDirector
Wendy HuotDirector of Business Services
Deb LanghamChief Operating Officer
Ron JodatSecretary
Tom RaveTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$401,385
Other Revenue
$0
Change in Net Assets
$-4,071,881
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,402,650
Other Expenses$70,616
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,402,650--$4,402,650
Fees for Service Investment Mgmnt Fees-$49,388-$49,388
Fees for Services Other$17,183$2,135-$19,318
Office Expenses$518$702-$1,220
Occupancy$219$212-$431
Insurance$54$18-$72
Travel$61$8-$69
Information Technology$37$13-$50
Interest$16$15-$31
Conferences and Meetings$21$3-$24
Advertising-$13-$13
Total Functional Expenses$4,420,759$52,507$0$4,473,266
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Independence First IncMilwaukee, WI501(c)(3)General Support$4,402,650
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Independence First, Inc.$720
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

“During the year, the organization changed their name from independencefirst foundation, inc., as two words, to three words: independence first foundation, inc.”

Form 990, Part VI, Section B, Line 11B

“The prepared form 990 is reviewed by the members of the governing body before the return is filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“Annually all directors and officers complete and sign a statement that provides information regarding their interests and those of their family members that could give rise to conflicts. The members of the governing body make determinations of whether a conflict exists and review actual conflicts. Any person with a conflict is prohibited from participating in the governing body's deliberations and decisions in the transaction.”

Form 990, Part VI, Section C, Line 19

“The organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Independence First Foundation Inc
EIN
46-2941274
Phone
4142917520
Address
540 S 1ST ST, MILWAUKEE, WI 53204-1605

Signing Officer

Name
Marcia Boucher
Title
President/CEO
Phone
4142917520
Signed
2022-03-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marcia Boucher
Formed
2013
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PLACE SUITE 300, MADISON, WI 53713-3074
Preparer
Jenny Tarkowski CPA
Phone
6082744020
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IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0212
IRS990/OccupancyGrp/ProgramServicesAmt0219
IRS990/OccupancyGrp/TotalAmt0431
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0702
IRS990/OfficeExpensesGrp/ProgramServicesAmt0518
IRS990/OfficeExpensesGrp/TotalAmt01220
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt0487595
IRS990/OtherLiabilitiesGrp/EOYAmt0720
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MARCIA BOUCHER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0203150
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03020782
IRS990/PYInvestmentIncomeAmt0917893
IRS990/PYOtherExpensesAmt0159371
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-2139139
IRS990/PYSalariesCompEmpBnftPaidAmt080029
IRS990/PYTotalExpensesAmt03260182
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01121043
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-4071881
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0391343425
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt04402650
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0INDEPENDENCE FIRST INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt04402650
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0720
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO INDEPENDENCE FIRST, INC.
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0720
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt04402650
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0INDEPENDENCE FIRST INC
IRS990ScheduleI/RecipientTable/RecipientEIN0391343425
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0540 S 1ST ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MILWAUKEE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0532041605
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS THROUGH A REVIEW OF FINANCIAL STATEMENTS AND OTHER DOCUMENTS FROM GRANTEES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0202478
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1142932
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2158962
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt07547
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt15849
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt26320
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt09604
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt129469
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt29439
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARCIA BOUCHER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1WENDY HUOT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2DEB LANGHAM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR OF BUSINESS SERVICES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CHIEF OPERATING OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0219629
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1178250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2174721
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0INDEPENDENCE FIRST, INC. USES A COMPENSATION COMMITTEE, COMPENSATION STUDY, AND APPROVAL BY THE COMPENSATION COMMITTEE TO ESTABLISH COMPENSATION FOR OFFICERS AND KEY EMPLOYEES.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DURING THE YEAR, THE ORGANIZATION CHANGED THEIR NAME FROM INDEPENDENCEFIRST FOUNDATION, INC., AS TWO WORDS, TO THREE WORDS: INDEPENDENCE FIRST FOUNDATION, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PREPARED FORM 990 IS REVIEWED BY THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY ALL DIRECTORS AND OFFICERS COMPLETE AND SIGN A STATEMENT THAT PROVIDES INFORMATION REGARDING THEIR INTERESTS AND THOSE OF THEIR FAMILY MEMBERS THAT COULD GIVE RISE TO CONFLICTS. THE MEMBERS OF THE GOVERNING BODY MAKE DETERMINATIONS OF WHETHER A CONFLICT EXISTS AND REVIEW ACTUAL CONFLICTS. ANY PERSON WITH A CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4

Document Assets

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Filings

Displayed year

2020 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$17,262,929
Liabilities
$13,267
Net assets
$17,249,662
Revenue
$401,385
Expenses
$4,473,266
Net income
-$4,071,881
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.6$0.02$16.6$1.05$0.88$0.17
2023Detailed filing. Detailed filing data is available for this year.$15.9$0.01$15.9$0.59$0.91$0.32
2022Detailed filing. Detailed filing data is available for this year.$14.8$0.01$14.8$0.49$0.84$0.35
2021Detailed filing. Detailed filing data is available for this year.$18.4$0.02$18.3$3.23$0.81$2.42
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.3$0.01$17.2$0.40$4.47$4.07
2019Detailed filing. Detailed filing data is available for this year.$20.1$0.50$19.6$1.12$3.26$2.14
2018Detailed filing. Detailed filing data is available for this year.$19.1$0.15$19.0$2.13$1.04$1.10
2017Detailed filing. Detailed filing data is available for this year.$20.8$0.16$20.6$1.78$1.07$0.71
2016Detailed filing. Detailed filing data is available for this year.$20.3$1.45$18.9$1.05$0.28$0.76
2015Detailed filing. Detailed filing data is available for this year.$19.1$1.72$17.4$1.13$0.15$0.98
2014Detailed filing. Detailed filing data is available for this year.$17.7$0.53$17.2$0.97$0.43$0.54
2013Detailed filing. Detailed filing data is available for this year.$17.0$0.63$16.4$15.5$0.36$15.2