Nonprofit · EIN 48-1172055
INDEPENDENCE CHARITABLE TRUST
Also known as MCCOLLISTER ROGER L TTEE
Tax-exempt · LAWRENCE, KS 66049
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $738,766 | $202,919 | $535,847 | $6,212,179 | $48,500 | $6,163,679 |
| December 31, 2023 | 990 | $110,293 | $215,150 | -$104,857 | $5,434,079 | $51,888 | $5,382,191 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $40,000
- Program service revenue
- $0
- Investment income
- $245,591
- Net gain from sales of assets
- $132,967
- Other revenue
- $453,175
Expenses
- Grants and similar amounts paid
- $194,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $194,000
- Management and general (functional)
- $8,919
Balance sheet and other
- Total assets, start of year
- $5,434,079
- Total assets, end of year
- $6,212,179
- Total liabilities, end of year
- $48,500
- Net assets, end of year
- $6,163,679
- Publicly traded securities
- $4,480,570
- Net assets without donor restrictions
- $6,163,679
- Gross receipts
- $1,437,344
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1995
- State of legal domicile
- KS
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 |
|---|---|---|---|---|---|
| JACOB HODGE | MIDLAND PRESIDENT/CEO Trustee or director, Officer | 0.3 | $0 | $274,098 | $1,059 |
| STEVE FREDRICKSON | MIDLAND CFO Trustee or director, Officer | 0.6 | $0 | $146,068 | $12,950 |
| ROGER L MCCOLLISTER | MIDLAND BOARD CHAIR Trustee or director, Officer | 0.3 | $0 | $48,000 | $0 |
| MEL J SAUER JR | CHAIRMAN OF THE BOARD Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| MARILYN M HARP | TRUSTEE Trustee or director | 0.25 | $0 | $0 | $0 |
| MIKE LENNEN | TRUSTEE Trustee or director | 0.25 | $0 | $0 | $0 |
| DONALD A JOHNSTON | TRUSTEE Trustee or director | 0.25 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEL J SAUER JR | CHAIRMAN OF THE BOARD Trustee or director | 1 | $0 |
| ROGER L MCCOLLISTER | TRUSTEE Trustee or director | 1 | $0 |
| MARILYN M HARP | TRUSTEE Trustee or director | 1 | $0 |
| STEVE FREDRICKSON | TRUSTEE Trustee or director | 1 | $0 |
| MIKE LENNEN | TRUSTEE Trustee or director | 1 | $0 |
| DONALD A JOHNSTON | TRUSTEE Trustee or director | 1 | $0 |
| JACOB HODGE | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1310 WAKARUSA DR STE A, LAWRENCE, KS 66049-3854
- Principal officer (990 for 2024)
- STEVE FREDRICKSON, 1310 WAKARUSA DRIVE A, LAWRENCE, KS 66049
- Signed the 990
- STEVE FREDRICKSON, CFO
- Phone
- (785) 840-9676
- Website
- WWW.MIDLANDGROUP.COM
- Return prepared by
- BT&CO PA
Mission
RECEIVE DONATIONS FOR PURPOSE OF MAKING GRANTS TO 501(C)(3) ORGANIZATIONS.
Program accomplishments
- GRANT TO KANSAS LEGAL SERVICES, INC. - A 501(C)(3) ORGANIZATION SERVING LOW INCOME PERSONS' LEGAL NEEDS.Expenses $194,000 · grants $194,000
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
- 48-1172055
- 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
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $6,212,179
- Income (IRS master file)
- $1,437,344
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $738,766 | $202,919 | $6,212,179 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $110,293 | $215,150 | $5,434,079 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | -$320,819 | $210,626 | $5,066,780 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 48-1172055).
Questions about INDEPENDENCE CHARITABLE TRUST
- What is the EIN of INDEPENDENCE CHARITABLE TRUST?
- The employer identification number (EIN) of INDEPENDENCE CHARITABLE TRUST is 48-1172055.
- Is INDEPENDENCE CHARITABLE TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to INDEPENDENCE CHARITABLE TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDEPENDENCE CHARITABLE TRUST 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 CHARITABLE TRUST 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 CHARITABLE TRUST 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 CHARITABLE TRUST?
- The 990 for the year ended December 31, 2024 names STEVE FREDRICKSON.
- Who are the officers and directors of INDEPENDENCE CHARITABLE TRUST?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does INDEPENDENCE CHARITABLE TRUST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $738,766, expenses of $202,919 and total assets of $6,212,179 at year end.
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All nonprofits in LAWRENCE · Kansas · Philanthropy, voluntarism and grantmaking foundations