Nonprofit · EIN 20-0391050
INDEPENDENCE FOUNDATION INC
Tax-exempt · RAVENNA, OH 44266
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $20,047 | $12,694 | $7,353 | $3,727,666 | $0 | $3,727,666 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $20,000
- Program service revenue
- $0
- Investment income
- $47
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Management and general (functional)
- $12,694
Balance sheet and other
- Total assets, start of year
- $3,438,945
- Total assets, end of year
- $3,727,666
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,727,666
- Net assets without donor restrictions
- $3,727,666
- Gross receipts
- $20,047
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2004
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHELLE MADDEN | CHIEF EXECUTIVE OFFICER Officer | 1 | $0 | $127,032 | $40,693 |
| DONNA KOVOLYAN | IOPCI PRESIDENT Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| DENISE SMITH | PATHS PRESIDENT Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| GREGORY JOHNSON | TRUSTEE Trustee or director | 0.25 | $0 | $0 | $0 |
| KELLY CLARY | TRUSTEE Trustee or director | 0.25 | $0 | $0 | $0 |
| ERIC SCHLAUBAGH | TRUSTEE Trustee or director | 0.25 | $0 | $0 | $0 |
| BRADFORD CRISLIP | TRUSTEE Trustee or director | 0.25 | $0 | $0 | $0 |
| VINCE VIGLUICCI | TRUSTEE Trustee or director | 0.25 | $0 | $0 | $0 |
| MISSY STAPLES | TRUSTEE Trustee or director | 0.25 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 575 E LAKE ST, RAVENNA, OH 44266-3429
- In care of
- % ANNA BARRETT
- Principal officer (990 for 2024)
- MICHELLE MADDEN, 575 E LAKE STREET, RAVENNA, OH 44266
- Signed the 990
- MICHELLE MADDEN, CHIEF EXECUTIVE OFFICER
- Phone
- (330) 296-2851
- Return prepared by
- BRADY WARE & SCHOENFELD INC
Mission
TO ASSIST IN MEETING THE UNFUNDED NEEDS OF INDEPENDENCE OF PORTAGE COUNTY, INC, PATHS TO INDEPENDENCE INC, AND THE INDIVIDUALS THEY SERVE WITH INTELLECTUAL DISABILITIES.
Program accomplishments
- PROVIDED CLIENT ASSISTANCE, BY PROVIDING CLOTHING AND OTHER PERSONAL NEEDS.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-0391050
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Human services (P12)
- Assets (IRS master file)
- $3,727,666
- Income (IRS master file)
- $20,047
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $73 | $1,648 | $3,438,945 | IRS |
| 990 | December 2022 | $165,699 | $31,070 | $2,988,501 | IRS |
| 990 | December 2021 | $137,143 | $28,316 | $3,579,847 | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about INDEPENDENCE FOUNDATION INC
- What is the EIN of INDEPENDENCE FOUNDATION INC?
- The employer identification number (EIN) of INDEPENDENCE FOUNDATION INC is 20-0391050.
- Is INDEPENDENCE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to INDEPENDENCE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does INDEPENDENCE FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of INDEPENDENCE FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDEPENDENCE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INDEPENDENCE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names MICHELLE MADDEN.
- Who are the officers and directors of INDEPENDENCE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does INDEPENDENCE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $20,047, expenses of $12,694 and total assets of $3,727,666 at year end.
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- RAVENNA CHRISTIAN SCHOOL EIN 26-1236513 · last filed 990 for 2025
- FAMILY & COMMUNITY SERVICES INC EIN 34-1902451 · last filed 990 for 2024
- RESIDENTIAL RESOURCES FOR THE DEVELOPMENTALLY CHALLENGED INC EIN 34-1944953 · last filed 990 for 2025
- OUR PLACE OPEN UNITED RECOVERY EIN 93-1480359 · last filed 990-EZ for 2024
- RAVENNA POLICE ASSOCIATION EIN 34-1740965 · last filed 990-EZ for 2024