Civic Intelligence

Independence First Foundation Inc.

990 • Fiscal year 2017 • EIN 46-2941274

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 11, 2018

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

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

27th percentile

0.09x

Higher debt load relative to revenue than 27% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

88th percentile

40%

Higher net margin than 88% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

70th percentile

$247,460

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 13.9% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

41st percentile

2.4%

Faster asset growth than 41% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

90th percentile

70%

Faster revenue growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$20,798,825

Up $481,354 (+2.4%) from 2016

Net Assets

Up

$20,638,116

Up $1,773,040 (+9.4%) from 2016

Liabilities

Down

$160,709

Down $1,291,686 (-89%) from 2016

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin88th percentile

Revenue

Up

$1,780,906

Up $733,929 (+70%) from 2016

Expenses

Up

$1,072,115

Up $788,474 (+278%) from 2016

Net Income

Down

$708,791

Down $54,545 (-7.1%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth41st 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

2017

Assets$20,798,825
Liabilities$160,709
Net Assets$20,638,116
Open 2017 Filing

Operations Trend

Revenue Growth90th 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

2017

Revenue$1,780,906
Expenses$1,072,115
Net Income$708,791
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 11, 2018
Return Version
2017v2.2
Gross Receipts
$12,176,444
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.

Independencefirst foundation, inc. Supports the charitable mission of independencefirst, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,225,704$20,741,259▲ $515,555
Accounts Receivable$54,430$54,548▲ $118
Cash and Non-Interest-Bearing Accounts$37,337$3,018▼ $34,319
Total Assets$20,317,471$20,798,825▲ $481,354
Liabilities
Other Liabilities$1,451,395$159,709▼ $1,291,686
Deferred Revenue$1,000$1,000→ $0
Total Liabilities$1,452,395$160,709▼ $1,291,686
Net Assets / Fund Balance
Unrestricted Net Assets$16,430,278$18,143,096▲ $1,712,818
Temporarily Rstr Net Assets$2,434,798$2,495,020▲ $60,222
Total Net Assets Fund Balance$18,865,076$20,638,116▲ $1,773,040
Total Liabilities and Net Assets / Fund Balance$20,317,471$20,798,825▲ $481,354
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleOtherTotal
Brenda DukeVice President of Human Resources$144,686$144,686
Wendy HuotDirector of Finance$136,229$136,229
Deb LanghamChief Operating Officer$129,659$129,659
Tracy ThomasController$128,074$128,074

Board Members and Trustees

NameTitle
Mike LipscombChair
Lee SchulzPresident/CEO
Dean MullerDirector
Ron JodatDirector
Alex YarmulnikSecretary
John LauberTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$329,355
Program Service Revenue
$0
Investment Income
$1,429,715
Other Revenue
$21,836
All Other Contributions
$1,120
Change in Net Assets
$708,791
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$778,227
Other Expenses$171,251
Salaries, Compensation, and Employee Benefits$122,637
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$778,227--$778,227
Other Salaries and Wages$90,960$6,637-$97,597
Fees for Service Investment Mgmnt Fees-$69,006-$69,006
Fees for Services Other$67,326$44-$67,370
Other Employee Benefits$13,393$1,228-$14,621
Fees for Services Legal-$12,171-$12,171
Office Expenses$8,594$1,923-$10,517
Payroll Taxes$7,876$575-$8,451
Occupancy$2,614$4,732-$7,346
Pension Plan Contributions$1,803$165-$1,968
Travel$1,703$124-$1,827
Information Technology$892$296-$1,188
Insurance$680$227-$907
Interest$193$357-$550
Conferences and Meetings$155$11-$166
Fees for Services Accounting-$136-$136
Advertising-$67-$67
Total Functional Expenses$974,416$97,699$0$1,072,115
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Independencefirst IncMilwaukee, WI501(c)(3)General Support$778,227
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$603
Fundraising Gross Income$0
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
Reserve for Wisloan and Telework Programs$121,738
Due to Independencefirst, Inc.$37,971
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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
Independencefirst Foundation Inc
EIN
46-2941274
Phone
4142917520
Address
540 S 1ST ST, MILWAUKEE, WI 53204-1605

Signing Officer

Name
Mike Lipscomb
Title
Chair
Phone
4142917520
Signed
2018-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Lipscomb
Formed
2013
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Wegner Cpas Llp
Address
2110 LUANN LN, MADISON, WI 53713-3074
Preparer
Jenny Tarkowski CPA
Phone
6082744020
Raw XML AppendixShowing 400 of 484 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/AccountantCompileOrReviewInd00
IRS990/AccountsReceivableGrp/BOYAmt054430
IRS990/AccountsReceivableGrp/EOYAmt054548
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0INDEPENDENCEFIRST FOUNDATION, INC. SUPPORTS THE CHARITABLE MISSION OF INDEPENDENCEFIRST, INC.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt067
IRS990/AdvertisingGrp/TotalAmt067
IRS990/AllOtherContributionsAmt01120
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/PersonNm0WENDY HUOT
IRS990/BooksInCareOfDetail/PhoneNum04142917520
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0540 S 1ST ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0MILWAUKEE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0532041605
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt037337
IRS990/CashNonInterestBearingGrp/EOYAmt03018
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt011
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0155
IRS990/ConferencesMeetingsGrp/TotalAmt0166
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContriRptFundraisingEventAmt09728
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0329355
IRS990/CYGrantsAndSimilarPaidAmt0778227
IRS990/CYInvestmentIncomeAmt01429715
IRS990/CYOtherExpensesAmt0171251
IRS990/CYOtherRevenueAmt021836
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0708791
IRS990/CYSalariesCompEmpBnftPaidAmt0122637
IRS990/CYTotalExpensesAmt01072115
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01780906
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01000
IRS990/DeferredRevenueGrp/EOYAmt01000
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0INDEPENDENCEFIRST FOUNDATION, INC. SUPPORTED THE WISLOAN AND TELEWORK LOAN PROGRAMS PROVIDED BY INDEPENDENCEFIRST, INC. THESE PROGRAMS ARE ALTERNATIVE LOAN PROGRAMS FOR PERSONS WITH DISABILITIES WHO DESIRE TO PURCHASE ASSISTIVE DEVICES OR SERVICES OR COMPUTERS AND OTHER EQUIPMENT NEEDED AS ENTREPRENEURS TO START A HOME-BASED BUSINESS OR WORK FOR AN EMPLOYER OUT OF THEIR HOME.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0974416
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0136
IRS990/FeesForServicesAccountingGrp/TotalAmt0136
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt012171
IRS990/FeesForServicesLegalGrp/TotalAmt012171
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt044
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt067326
IRS990/FeesForServicesOtherGrp/TotalAmt067370
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt069006
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt069006
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt03.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt13.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt53.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt63.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt73.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt83.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt93.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt535214
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt627787
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt711149
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt812480
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt926264
IRS990/Form990PartVIISectionAGrp/PersonNm0MIKE LIPSCOMB
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN LAUBER
IRS990/Form990PartVIISectionAGrp/PersonNm2ALEX YARMULNIK
IRS990/Form990PartVIISectionAGrp/PersonNm3RON JODAT
IRS990/Form990PartVIISectionAGrp/PersonNm4DEAN MULLER
IRS990/Form990PartVIISectionAGrp/PersonNm5LEE SCHULZ
IRS990/Form990PartVIISectionAGrp/PersonNm6WENDY HUOT
IRS990/Form990PartVIISectionAGrp/PersonNm7TRACY THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm8DEB LANGHAM
IRS990/Form990PartVIISectionAGrp/PersonNm9BRENDA DUKE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5212246
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6108442
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7116925
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt8117179
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9118422
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt7CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDENT OF HUMAN RESOURCES
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingAmt09728
IRS990/FundraisingDirectExpensesAmt0603
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/SecuritiesAmt0988035
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt0778227
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0778227
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0778227
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt011382970
IRS990/GrossReceiptsAmt012176444
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0296
IRS990/InformationTechnologyGrp/ProgramServicesAmt0892
IRS990/InformationTechnologyGrp/TotalAmt01188
IRS990/InsuranceGrp/ManagementAndGeneralAmt0227
IRS990/InsuranceGrp/ProgramServicesAmt0680
IRS990/InsuranceGrp/TotalAmt0907
IRS990/InterestGrp/ManagementAndGeneralAmt0357
IRS990/InterestGrp/ProgramServicesAmt0193
IRS990/InterestGrp/TotalAmt0550
IRS990/InvestmentIncomeGrp/ExclusionAmt0441680
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0441680
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt020225704
IRS990/InvestmentsPubTradedSecGrp/EOYAmt020741259
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0WI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt010394935
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0INDEPENDENCEFIRST FOUNDATION, INC. SUPPORTS THE CHARITABLE MISSION OF INDEPENDENCEFIRST, INC., A COMMUNITY-BASED, NON-RESIDENTIAL INDEPENDENT LIVING CENTER IN MILWAUKEE, WISCONSIN.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt018865076
IRS990/NetAssetsOrFundBalancesEOYAmt020638116
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0988035
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0988035
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-603
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-603
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01064249
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04732
IRS990/OccupancyGrp/ProgramServicesAmt02614
IRS990/OccupancyGrp/TotalAmt07346
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01923
IRS990/OfficeExpensesGrp/ProgramServicesAmt08594
IRS990/OfficeExpensesGrp/TotalAmt010517
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01228
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt013393
IRS990/OtherEmployeeBenefitsGrp/TotalAmt014621
IRS990/OtherLiabilitiesGrp/BOYAmt01451395
IRS990/OtherLiabilitiesGrp/EOYAmt0159709
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0RECOVERY OF BAD DEBT
IRS990/OtherRevenueMiscGrp/ExclusionAmt022439
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt022439
IRS990/OtherRevenueTotalAmt022439
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt06637
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt090960
IRS990/OtherSalariesAndWagesGrp/TotalAmt097597
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0575
IRS990/PayrollTaxesGrp/ProgramServicesAmt07876
IRS990/PayrollTaxesGrp/TotalAmt08451
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0165
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01803
IRS990/PensionPlanContributionsGrp/TotalAmt01968
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MIKE LIPSCOMB
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0304430
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0743218
IRS990/PYOtherExpensesAmt0188872
IRS990/PYOtherRevenueAmt0-671
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0763336
IRS990/PYSalariesCompEmpBnftPaidAmt094769
IRS990/PYTotalExpensesAmt0283641
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01046977
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0708791
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0318507
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0329355
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0304430
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0297786
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0198340
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt015290378
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt016420289
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0441898
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0399674
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0385010
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0417120
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0245379
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01889081
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02990
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt016420289
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0329355
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0304430
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0297786
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0198340
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt015290378
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt016420289
IRS990ScheduleA/TotalSupportAmt018309370
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0121738
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt137971
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESERVE FOR WISLOAN AND TELEWORK PROGRAMS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO INDEPENDENCEFIRST, INC.
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0159709
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0778227
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0INDEPENDENCEFIRST 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/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0212246
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt05766
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt029448
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LEE SCHULZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0247460
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PREPARED FORM 990 IS REVIEWED BY THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY 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/ExplanationTxt2THE 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 B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0INDEPENDENCEFIRST INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0391343425
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0INDEPENDENT LIVING CENTER FOR PERSONS WITH DISABILITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0540 S 1ST ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MILWAUKEE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0532041605
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

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
$20,798,825
Liabilities
$160,709
Net assets
$20,638,116
Revenue
$1,780,906
Expenses
$1,072,115
Net income
$708,791
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