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Nonprofit · EIN 23-1352110

INDEPENDENCE FOUNDATION

Tax-exempt · PHILADELPHIA, PA 19102

Financials

$6.9M$6.2M2025
Revenue Expenses · by fiscal year end
Financials of INDEPENDENCE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$6,883,106$6,199,962$683,144$85,496,117$0$85,496,117
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$1,791,795
Interest
$7,970
Net gain from sales of assets
$5,083,341

Expenses

Grants and similar amounts paid
$3,960,806
Compensation of officers, directors and key employees
$404,166
Salaries, compensation and benefits (total)
$523,484
Disbursements for charitable purposes
$5,704,826
Excise tax on investment income
$90,954

Balance sheet and other

Total assets, start of year
$78,079,662
Total assets, end of year
$85,496,117
Total liabilities, end of year
$0
Net assets, end of year
$85,496,117
Fair market value of assets
$85,316,374
Qualifying distributions
$5,704,826
Net investment income
$6,883,106

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-PF for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
REGINALD SHUFORD
200 S BROAD STREET SUITE 1101, PHILADELPHIA, PA 19102
PRESIDENT, CEO40$226,349$34,416
JENNIFER BOHNENBERGER
200 SOUTH BROAD STREET, PHILADELPHIA, PA 19102
CHIEF OPERATING OFFI
Highest-paid employee
40$192,785$72,979
SUSAN E SHERMAN SEVERENCE
200 S BROAD STREET SUITE 1101, PHILADELPHIA, PA 19102
FORMER PRESIDENT, CEO0$177,817$9,849
HEATHER MCDANEL
200 SOUTH BROAD STREET, PHILADELPHIA, PA 19102
PEER LEARNING
Highest-paid employee
40$169,353$39,484
KATE E TEJADA
200 SOUTH BROAD STREET, PHILADELPHIA, PA 19102
OFFICE ADMINISTRATOR
Highest-paid employee
40$102,090$51,647
CATHERINE C CARR
200 S BROAD STREET SUITE 1101, PHILADELPHIA, PA 19102
VICE PRESIDENT2$0$0
DERICK DREHER
200 S BROAD STREET SUITE 1101, PHILADELPHIA, PA 19102
SECRETARY2$0$0
VIK DEWAN
200 S BROAD STREET SUITE 1101, PHILADELPHIA, PA 19102
MEMBER2$0$0
LOREE JONES
200 S BROAD STREET SUITE 1101, PHILADELPHIA, PA 19102
MEMBER2$0$0
DAVID LOGAN
200 S BROAD STREET SUITE 1101, PHILADELPHIA, PA 19102
MEMBER2$0$0
JOYCE WILKERSON
200 S BROAD STREET SUITE 1101, PHILADELPHIA, PA 19102
MEMBER2$0$0

Address and contacts

Address (IRS master file)
200 S BROAD ST STE 1101, PHILADELPHIA, PA 19102-3802
In care of
% OFFICES AT THE BELLEVUE
Signed the 990-PF
REGINALD T SHUFORD ESQ, PRESIDENT & CEO
Phone
(215) 985-4009
Return prepared by
RKL LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
23-1352110
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1946
Accounting year ends
December
Files
Form 990-PF
Category (NTEE)
Education (B82)
Assets (IRS master file)
$85,496,117
Income (IRS master file)
$10,968,306

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025–––IRS
990-PFDecember 2024–––IRS
990-PFDecember 2023$4,148,973$5,978,681$73,777,166IRS
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2019–––IRS
990-PFDecember 2018–––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

What is the EIN of INDEPENDENCE FOUNDATION?
The employer identification number (EIN) of INDEPENDENCE FOUNDATION is 23-1352110.
Is INDEPENDENCE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
Are donations to INDEPENDENCE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does INDEPENDENCE FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of INDEPENDENCE FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INDEPENDENCE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of INDEPENDENCE FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 11 people; 5 received compensation from the organization, the highest $226,349 (REGINALD SHUFORD, PRESIDENT, CEO).
How much revenue does INDEPENDENCE FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $6,883,106, expenses of $6,199,962 and total assets of $85,496,117 at year end.

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