Nonprofit · EIN 46-1746787
INDEPENDENCE FOUNDATION INC
Tax-exempt · BALTIMORE, MD 21223
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $193,463 | $191,728 | $1,735 | $252,275 | $47,306 | $204,969 |
| December 31, 2023 | 990 | $162,171 | $171,593 | -$9,422 | $257,807 | $54,573 | $203,234 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,846
- Program service revenue
- $187,472
- Investment income
- $4,145
- Net gain from sales of assets
- $4,145
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $101,468
- Salaries, compensation and benefits (total)
- $101,468
- Professional fundraising fees
- $0
- Legal fees
- $3,551
- Accounting fees
- $3,000
- Occupancy
- $22,867
- Travel
- $342
- Depreciation
- $2,066
- Program services (functional)
- $101,468
- Management and general (functional)
- $90,260
Balance sheet and other
- Total assets, start of year
- $257,807
- Total assets, end of year
- $252,275
- Total liabilities, end of year
- $47,306
- Net assets, end of year
- $204,969
- Land, buildings and equipment
- $250,000
- Gross receipts
- $197,595
- Employees
- 0
- Year formed
- 2013
- State of legal domicile
- MD
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 |
|---|---|---|---|
| HAKIM ALI | DIRECTOR Trustee or director, Officer | – | $0 |
| TASHAWNA FENNELL | SECRETARY Trustee or director | – | $0 |
| LAVON MAGRUDER | DIRECTOR Trustee or director, Officer | – | $0 |
| VINCENT MARTIN | CHAIRMAN Trustee or director | – | $0 |
| MICHEAL POPE | VICE-CHAIRMA Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HAKIM ALI | DIRECTOR Trustee or director, Officer | 20 | $0 |
| TASHAWNA FENNELL | SECRETARY Trustee or director | – | $0 |
| LAVON MAGRUDER | DIRECTOR Trustee or director, Officer | 40 | $0 |
| VINCENT MARTIN | CHAIRMAN Trustee or director | – | $0 |
| MICHEAL POPE | VICE-CHAIRMA Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 13 S CARROLLTON AVE, BALTIMORE, MD 21223-2626
- In care of
- % LAVON MAGRUDER
- Principal officer (990 for 2024)
- LAVON MAGRUDER, 9954 SHOSHONE WAY, RANDALLSTOWN, MD 21133
- Signed the 990
- LAVON MAGRUDER, DIRECTOR
- Phone
- (443) 204-1134
- Return prepared by
- AK & ASSOCIATES PA
Mission
WE ENHANCE STABILITY AND FINANCIAL FREEDOM THROUGH SKILL ACQUISITION FOR CHILDREN AND ADULTS IN UNDERSERVED COMMUNITIES TO PROMOTE SELF- DETERMINATION AND INDEPENDENCE.
Program accomplishments
- WE PROVIDE A PSYCHIATRIC REHABILITATION PROGRAM THAT SUPPORTS AND ASSISTS PERSONS, CHILDREN, AND ADULTS, WITH FUNCTIONAL PSYCHIATRIC IMPAIRMENTS RESULTING FROM MENTAL STRESSES TO DEVELOP, ENHANCE, RETAIN AND RECOVER MENTAL STABILITY, SOCIAL COMPETENCIES, PERSONAL ADJUSTMENT AND INDEPENDENT LIVING COMPETENCIES SO THAT THEY EXPERIENCE MORE SUCCESS AND SATISFICTION IN THE HOME, SCHOOL, WORK AND COMMUNITY ENVIRONMENTS. THESE REHABILITATIVE INTERVENTIONS OCCUR CONCURRENTLY WITH NECESSARY CLINICAL TREATMENTS. A PLANNED PROGRAM OF GOAL SETTING, FUNCTIONAL ASSESSMENT, IDENTIFICATION OF NEEDED AND PREFERRED SKILLS AND SUPPORTS, SKILL TEACHING AND MANAGING SUPPORTS AND RESOURCES IS NEEDED TO PRODUCE THE DESIRED OUTCOMES CONSISTENT WITH A PERSON'S CULTURAL ENVIRONMENT.Expenses $101,468
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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
- 46-1746787
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $252,275
- Income (IRS master file)
- $197,595
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $193,463 | $191,728 | $252,275 | XML |
| 990 | December 2023 | $162,171 | $171,593 | $257,807 | XML |
| 990 | December 2022 | $153,127 | $154,599 | $269,063 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 46-1746787).
Questions about INDEPENDENCE FOUNDATION INC
- What is the EIN of INDEPENDENCE FOUNDATION INC?
- The employer identification number (EIN) of INDEPENDENCE FOUNDATION INC is 46-1746787.
- Is INDEPENDENCE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to INDEPENDENCE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDEPENDENCE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- 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 LAVON MAGRUDER.
- Who are the officers and directors of INDEPENDENCE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 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 $193,463, expenses of $191,728 and total assets of $252,275 at year end.
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