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The Independence Fund, Inc

The Independence Fund, Inc

Charlotte, NC 28273
Tax ID26-0322088

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About this organization

Revenue

$6,457,795

Expenses

$9,370,611

Website

independencefund.org

Mission

Founded in 2007, The Independence Fund empowers our nation's severely wounded, injured, or ill Veterans to overcome physical, mental, and emotional wounds incurred in the line of duty. We improve the lives of both our Veterans and their families through The Independence Fund's Mobility, Caregiver, Adaptive Sports, and Advocacy programs, while also bridging the gap of unmet needs of veterans' caregivers. The Independence Fund works to give veterans the best mobility device options available, and as promote their mental and physical health.

About

Mobility Program - Many severely wounded Veterans have lost the ability to experience activities they previously enjoyed. Wounded Veterans who use our all-terrain mobility devices regain the ability to do the things they love, transforming their lives toward a better future. During the year ended June 30, 2019, the Fund provided 86 chairs, 158 bikes, and 6 sets of soft wheels to Veterans. Adaptive Sports - By inviting Veterans to participate in sporting events, providing funding for adaptive equipment, and granting funds for Veteran adaptive sports organizations, our Adaptive Sports Program gives wounded Veterans the opportunity to improve their well-being. During the year ended June 30, 2019, the Fund provided nine grants that included adaptive sports team sponsorships, Veteran team sponsorships for the Spartan Race and the Warrior Games, assistance in purchasing specialized sports equipment, and coverage of transportation costs to adaptive sports competitions. 5 Grit Freedom Chairs, 1 set of adaptive snow skis, 9 paramobile golf chairs, and 4 adaptive rowing seats were also provided to catastrophically wounded, ill, and injured Veterans. Caregiver Program - The Fund serves the heroes behind the heroes: the Caregivers who work tirelessly to support wounded Veterans day-in and day-out. The Fund provides Caregivers the means to build strong networks and receive the emotional and physical support they need. During the year ended June 30, 2019, the Fund directly served 128 Caregivers through retreats conducted by the Fund and four additional Caregivers with grants to meet specialized needs. Hundreds more were also served through grants to other nonprofit organizations that solely serve Caregivers, such as The Elizabeth Dole Foundation and Healing Household Six. Family Program Open to families of catastrophically wounded Veterans, focuses on art therapy, respite, and comprehensive individual aftercare. With the understanding that true independence can only be reached through total family care, The Independence Fund tailors its family program to provide aftercare that is specifically created for each family. No other organization provides this service. During the year ended June 30, 2019 The Independence Fund directly launched this program and directly impacted 14 families, totaling over 45 adults and children. Operation Resiliency - The Independence Fund and the Veterans Health Administration Office of Mental Health and Suicide Prevention (OMHSP) have partnered together in order to make an immediate impact on the lives of our Veterans and their families. The structure is a mutually beneficial manner that advances and improves Veterans mental health and wellbeing, and expands and promotes community collaboration to increase access to mental health resources for all Veterans and their families and prevent suicide in the Veteran community. Through Operation Resiliency retreats, the Independence Fund has directly impacted over 160 combat Veterans. Advocacy Program - For Veterans returning with the scars of war, the fight doesn't end upon their arrival home. Unfortunately, some of the biggest battles are with the very institutions who are supposed to be on their side. Our Advocacy Program assists where the need is greatest right now: giving a voice to Veterans for VA health care reform, ensuring the Caregivers of the seriously disabled are properly supported, and addressing the latent problems of toxic exposure. The Fund fights for those who fought for us.

Interesting data from their 2020 990 filing

The purpose of the non-profit, as set forth in the filing, is “To provide wounded veterans the necessary tools and therapies that are not otherwise provided to them as a result of injuries incurred while serving in the armed forces.”.

When discussing its purpose, they were characterized as: “To provide wounded veterans the necessary tools and therapies that are not otherwise provided to them as a result of injuries incurred while serving in the armed forces.”.

  • The state in which the non-profit is legally authorized to operate is FL, as reported.
  • The filing confirms that the non-profit's address in 2020 was 9013 Perimeter Woods Dr Ste E, Charlotte, NC, 28216.
  • The form of the non-profit reports 29 employees as of 2020.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$2,912,816.
  • The remuneration of the CEO of the organization is based on an independent review and approval process.
  • The organization has 5 independent voting members.
  • The organization was formed in 2007.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization engages in lobbying activities.
  • The organization pays $2,172,772 in salary, compensation, and benefits to its employees.
  • The organization pays $1,217,357 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has grants to organizations.
  • The organization's financial statements were reviewed by an accountant.

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