Nonprofit · EIN 84-0990300
INDEPENDENCE INSTITUTE
Tax-exempt · DENVER, CO 80203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,298,705 | $2,287,154 | $11,551 | $6,277,667 | $85,722 | $6,191,945 |
| December 31, 2023 | 990 | $3,644,899 | $2,746,053 | $898,846 | $6,308,175 | $127,781 | $6,180,394 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,045,374
- Program service revenue
- $0
- Investment income
- $244,067
- Net gain from sales of assets
- -$1,240
- Net income from fundraising events
- $9,264
- Other revenue
- $9,264
Expenses
- Grants and similar amounts paid
- $100,000
- Compensation of officers, directors and key employees
- $205,690
- Other salaries and wages
- $1,005,091
- Salaries, compensation and benefits (total)
- $1,343,737
- Professional fundraising fees
- $0
- Legal fees
- $15,948
- Travel
- $36,487
- Depreciation
- $80,300
- Program services (functional)
- $1,967,418
- Management and general (functional)
- $96,343
- Fundraising (functional)
- $223,393
Balance sheet and other
- Total assets, start of year
- $6,308,175
- Total assets, end of year
- $6,277,667
- Total liabilities, end of year
- $85,722
- Net assets, end of year
- $6,191,945
- Land, buildings and equipment
- $1,873,470
- Publicly traded securities
- $1,115,834
- Gross receipts
- $2,319,429
- Employees
- 20
- Volunteers
- 0
- Year formed
- 1985
- State of legal domicile
- CO
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 | Other / benefits |
|---|---|---|---|---|
| JON C CALDARA | PRESIDENT OF II Officer | 40 | $205,689 | $14,850 |
| DEBORAH DONNER | BOARD OF TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
| DICK WADHAMS | BOARD OF TRUSTEE Trustee or director | 1 | $0 | $0 |
| CATHERINE SHOPNECK | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JOSEPH SMITH | BOARD OF TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARK HILLMAN | BOARD OF TRUSTEE Trustee or director | 1 | $0 | $0 |
| MIKE ROSEN | BOARD OF TRUSTEE Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JON C CALDARA | PRESIDENT OF II Officer | 40 | $157,790 |
| KATHERINE WHITCOMB | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| DICK WADHAMS | TRUSTEE Trustee or director | 1 | $0 |
| CATHERINE SHOPNECK | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JOSEPH SMITH | TRUSTEE Trustee or director | 1 | $0 |
| MARK HILLMAN | TRUSTEE Trustee or director | 1 | $0 |
| MIKE MCCARTY | TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 727 E 16TH AVE, DENVER, CO 80203-2003
- Principal officer (990 for 2024)
- JON C CALDARA, 727 E 16TH AVE, DENVER, CO 80203
- Signed the 990
- JON C CALDARA, PRESIDENT
- Phone
- (303) 279-6536
- Return prepared by
- D K WEISS HOLT & ASSOCIATES PLLC
Mission
THE MISSION OF INDEPENDENCE INSTITUTE IS TO EMPOWER INDIVIDUALS AND TO EDUCATE CITIZENS,LEGISLATORS AND OPINION MAKERS ABOUT PUBLIC POLICIES THAT ENHANCE PERSONAL AND ECONOMIC FREEDOM.
Program accomplishments
- THE LIBERTY PROJECT - THE GOAL OF THE INDEPENDENCE INSTITUTE'S LIBERTY PROJECT IS TO EDUCATE THE CITIZENS, PUBLIC OFFICIALS, THE MEDIA, THE BUSINESS COMMUNITY AND CONCERNED CITIZENS ON FREE MARKET SOLUTIONS TO PUBLIC POLICY CHALLENGES. THE LIBERTY PROJECT SERVES AS OUR GENERAL RESEARCH AND SERVICES CATEGORY. ITS PURPOSE IS EDUCATION ON POLICY ISSUES NOT SPECIFIED IN A PARTICULAR POLICY CENTER.Expenses $1,507,395 · grants $100,000
- SECOND AMENDMENT PROJECT - THE SECOND AMENDMENT PROJECT (SAP) HAS ESTABLISHED ITSELF AS THE WORLD'S LEADING POLICY RESEARCH CENTER IN THE SUPPORT OF THE RIGHT TO KEEP AND BEAR ARMS AS LAID OUT IN THE SECOND AMENDMENT OF THE UNITED STATES CONSTITUTION. SAP DIRECTOR DAVID KOPEL STUDIES THE LEGAL PRECEDENTS, NEWS AND OPINIONS, IN COLORADO, THE UNITED STATES AND THE WORLD, TO PROVIDE A CONSTITUTIONAL PERSPECTIVE ON TOPICS RANGING FROM LEGAL REFORM TO GUN RIGHTS.Expenses $312,839
- EDUCATION POLICY CENTER - CALLING FOR GREATER INVOLVEMENT OF PARENTS IN THE ROLE OF EDUCATING CHILDREN, THE INDEPENDENCE INSTITUTE WAS THE FIRST IN THE STATE TO PROMOTE IDEAS SUCH AS OPEN ENROLLMENT, CHARTER SCHOOLS, SCHOOL REPORT CARDS AND VOUCHERS. THE EDUCATION POLICY CENTER, UNDER THE DIRECTION OF PAM BENIGNO, CONTINUES ITS WORK IN THE AREAS OF SCHOOL CHOICE AND SCHOOL ACCOUNTABILITY WHILE ALSO DEFENDING THE RIGHTS OF TEACHERS AND TAXPAYERS FROM UNION ABUSES.Expenses $147,184
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
- 84-0990300
- 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
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W00F)
- Assets (IRS master file)
- $6,277,667
- Income (IRS master file)
- $2,319,429
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,298,705 | $2,287,154 | $6,277,667 | XML |
| 990 | December 2023 | $3,644,899 | $2,746,053 | $6,308,175 | XML |
| 990 | December 2022 | $3,977,476 | $2,713,541 | $5,396,578 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 84-0990300).
Questions about INDEPENDENCE INSTITUTE
- What is the EIN of INDEPENDENCE INSTITUTE?
- The employer identification number (EIN) of INDEPENDENCE INSTITUTE is 84-0990300.
- Is INDEPENDENCE INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to INDEPENDENCE INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDEPENDENCE INSTITUTE 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 INSTITUTE 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 INSTITUTE 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 INSTITUTE?
- The 990 for the year ended December 31, 2024 names JON C CALDARA.
- Who are the officers and directors of INDEPENDENCE INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $205,689 (JON C CALDARA, PRESIDENT OF II).
- How much revenue does INDEPENDENCE INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,298,705, expenses of $2,287,154 and total assets of $6,277,667 at year end.
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All nonprofits in DENVER · Colorado · Public and societal benefit