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Nonprofit · EIN 46-2941274

INDEPENDENCE FIRST FOUNDATION INC

Tax-exempt · MILWAUKEE, WI 53204

Financials

$591K$914K2023$1M$880K2024$1.3M$866K2025
Revenue Expenses · by fiscal year end
Financials of INDEPENDENCE FIRST FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$1,307,230$865,666$441,564$17,983,207$16,295$17,966,912
December 31, 2024990$1,048,715$880,317$168,398$16,601,650$15,149$16,586,501
December 31, 2023990$591,102$914,397-$323,295$15,909,734$14,585$15,895,149
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$1,307,230
Net gain from sales of assets
$580,706
Other revenue
$0

Expenses

Grants and similar amounts paid
$817,172
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$1,500
Program services (functional)
$817,172
Management and general (functional)
$48,494

Balance sheet and other

Total assets, start of year
$16,601,650
Total assets, end of year
$17,983,207
Total liabilities, end of year
$16,295
Net assets, end of year
$17,966,912
Publicly traded securities
$17,366,932
Net assets without donor restrictions
$17,966,912
Gross receipts
$5,062,289
Employees
0
Volunteers
9
Year formed
2013
State of legal domicile
WI

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, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARCIA BOUCHERPRESIDENT/CEO
Officer
1$0$258,710$26,694
RYAN RAMOSCHAIR
Trustee or director, Officer
1$0$0$0
BILLIE TORRENTVICE-CHAIR
Trustee or director, Officer
1$0$0$0
KENT WALTERSTREASURER
Trustee or director, Officer
1$0$0$0
JOHN DZIEWASECRETARY (THRU JUNE 2025)
Trustee or director, Officer
1$0$0$0
JOANNE WILLIAMSDIRECTOR
Trustee or director
1$0$0$0
LEE ZA ONGDIRECTOR
Trustee or director
1$0$0$0
PAUL WIERZBASECRETARY (FROM JUNE 2025)
Trustee or director, Officer
1$0$0$0
JOHN LAUBERDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended December 31, 2024: 15 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARCIA BOUCHERPRESIDENT/CEO
Officer
3$0$245,894$24,448
WENDY HUOTCHIEF FINANCIAL OFFICER
Officer
3$0$196,072$11,112
KATHY ACEVEDOCHIEF OPERATING OFFICER
Key employee
3$0$177,021$27,954
TRACY THOMASCONTROLLER
Highest-paid employee
3$0$149,309$23,769
JACOB NOWAKINFORMATION TECHNOLOGY DIRECTOR/ FACILITIES DIRECT
Highest-paid employee
3$0$120,289$43,924
MYRA SANCHICKMARKETING & STRATEGIC PARTNERSHIPS
Highest-paid employee
3$0$123,514$28,469
SAMANTHA HUDSONPERSONAL ASSISTANCE SERVICES DIRECTOR
Highest-paid employee
3$0$111,614$21,059
SCOTT CURWICKHUMAN RESOURCES DIRECTOR
Highest-paid employee
3$0$109,442$15,337
RYAN RAMOSCHAIR
Trustee or director, Officer
1$0$0$0
BILLIE TORRENTTVICE CHAIR
Trustee or director, Officer
1$0$0$0
KENT WALTERSTREASURER
Trustee or director, Officer
1$0$0$0
JOHN DZIEWASECRETARY (FROM JUNE 2024)
Trustee or director, Officer
1$0$0$0
DAVID FRANKTREASURER (THRU JUNE 2024)
Trustee or director, Officer
1$0$0$0
JOANNE WILLIAMSDIRECTOR
Trustee or director
1$0$0$0
LEE ZA ONGDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARCIA BOUCHERPRESIDENT/CEO
Officer
3$0$232,167$22,837
WENDY HUOTCHIEF FINANCIAL OFFICER
Officer
3$0$183,773$16,420
KATHY ACEVEDOCHIEF OPERATING OFFICER
Key employee
3$0$171,938$25,781
TRACY THOMASCONTROLLER
Highest-paid employee
3$0$143,272$22,154
JACOB NOWAKINFORMATION TECHNOLOGY DIRECTOR/ FACILITIES DIRECT
Highest-paid employee
3$0$116,549$40,672
MYRA SANCHICKMARKETING & STRATEGIC PARTNERSHIPS DIRECTOR
Highest-paid employee
3$0$117,875$26,365
SCOTT CURWICKHUMAN RESOURCES DIRECTOR
Highest-paid employee
3$0$104,893$14,464
CHARLES SMITHASSISTANT CONTROLLER
Highest-paid employee
3$0$100,386$17,363
BILLIE TORRENTTCHAIR
Trustee or director, Officer
1$0$0$0
RYAN RAMOSVICE CHAIR
Trustee or director, Officer
1$0$0$0
DAVID FRANKTREASURER
Trustee or director, Officer
1$0$0$0
KENT WALTERSSECRETARY
Trustee or director, Officer
1$0$0$0
SCOTT LUBERVICE CHAIR (THRU JUNE 2023)
Trustee or director, Officer
1$0$0$0
KAREN HUNTSECRETARY (THRU JUNE 2023)
Trustee or director, Officer
1$0$0$0
LEE ZA ONGDIRECTOR (FROM JULY 2023)
Trustee or director
1$0$0$0
JOANNE WILLIAMSDIRECTOR (FROM JULY 2023)
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
540 S 1ST ST, MILWAUKEE, WI 53204-1605
In care of
% LEE SCHULZ
Principal officer (990 for 2025)
MARCIA BOUCHER, 540 S 1ST ST, MILWAUKEE, WI 532041605
Signed the 990
MARCIA BOUCHER, PRESIDENT/CEO
Phone
(414) 291-7520
Return prepared by
WEGNER CPAS LLP

Mission

INDEPENDENCE FIRST FOUNDATION, INC. SUPPORTS THE CHARITABLE MISSION OF INDEPENDENCE FIRST, INC., A COMMUNITY-BASED, NON-RESIDENTIAL INDEPENDENT LIVING CENTER IN MILWAUKEE, WISCONSIN.

990 for the year ended December 31, 2025

Program accomplishments

  • INDEPENDENCE FIRST FOUNDATION, INC., MAY ASSIST INDEPENDENCE FIRST IN EXPANDING OR FUNDING EXISTING PROGRAMS, AND IN THE DEVELOPMENT OF NEW FACILITIES, PROGRAMS, AND OPERATIONS TO FULFILL INDEPENDENCE FIRST'S CHARITABLE MISSION.
    Expenses $817,172 · grants $817,172

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

IRS record

EIN
46-2941274
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2013
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$17,983,207
Income (IRS master file)
$5,062,289

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$1,307,230$865,666$17,983,207XML
990December 2024$1,048,715$880,317$16,601,650XML
990December 2023$591,102$914,397$15,909,734XML
990December 2022$489,061$842,144$14,839,162IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 46-2941274).

Questions about INDEPENDENCE FIRST FOUNDATION INC

What is the EIN of INDEPENDENCE FIRST FOUNDATION INC?
The employer identification number (EIN) of INDEPENDENCE FIRST FOUNDATION INC is 46-2941274.
Is INDEPENDENCE FIRST FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
Are donations to INDEPENDENCE FIRST FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does INDEPENDENCE FIRST 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 FIRST FOUNDATION INC 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 FIRST FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of INDEPENDENCE FIRST FOUNDATION INC?
The 990 for the year ended December 31, 2025 names MARCIA BOUCHER.
Who are the officers and directors of INDEPENDENCE FIRST FOUNDATION INC?
The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does INDEPENDENCE FIRST FOUNDATION INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $1,307,230, expenses of $865,666 and total assets of $17,983,207 at year end.

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