Independence Corps

Dallas, TXUnknown exempt organization EIN 36-4605639Revenue $47K in FY2023Latest return filed Feb 27, 2024

On file with the IRSindependencecorps.orgDallas, TX

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Awareness and support of wounded veterans

88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $60K a year · 118% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$47K
-12% vs prior year
Spent
$78K
To programs
88%
Net assets
$0
By yearFY2020–FY2023
Revenue
$47K
FY2023▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$47K
FY2021$55K
FY2022$53K
FY2023$47K
Expenses
$78K
FY2023▲ +73%
Tap a bar for its year
Expenses by fiscal year
FY2020$188K
FY2021$129K
FY2022$45K
FY2023$78K
Net assets
$0
FY2023▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$133K
FY2021$60K
FY2022$68K
FY2023$0

From the FY2023 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $69K Management & general 12% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
President/Treasurer/Direct
$0Pt VII · Sec A
Co-President/Sec/Director
$0Pt VII · Sec A
See Independence Corps executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports and raises awareness for wounded veterans.

Questions for Independence Corps

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1 program · $69K · in their own filed words · FY2023
01

See schedule o for program details

$69Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$10K
Grants paid · 12 grants · $416K · 2020–2023
Unitemized GrantFY2023$33,012
Unitemized GrantFY2023$19,368
Unitemized GrantFY2023$16,545
Unitemized GrantFY2022$26,000
Unitemized GrantFY2022$15,705
Individual RecipientFY2021$101,911
Individual RecipientFY2021$14,164
Unitemized GrantFY2021$9,525
Individual RecipientFY2020$77,607
Unitemized GrantFY2020$50,098
Individual RecipientFY2020$31,589
Individual RecipientFY2020$20,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$47K
Ln 12
Gifts and grantsLn 1h$47K
Money outPt IX
$78K
Ln 25
Programscol B$69K
Managementcol C$9K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$47K
Total revenueLn 12$47K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$32K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$68K$0
LiabilitiesLn 26$423$0
Net assetsLn 32$68K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$69K$69K
Accounting feesLn 11c$3K$3K
Information technologyLn 14$160$160
TravelLn 17$678$678
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$3K$3K
All other expensesLn 24e−$423−$423
Total functional expensesLn 25$78K$69K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS Feb 27, 2024 $47K$78K−$31K$0 990 PDF
FY2022Filed with the IRS Sep 1, 2023 $53K$45K$8K$68K 990 PDF
FY2021Filed with the IRS Jan 20, 2023 $55K$129K−$74K$60K 990 PDF
FY2020Filed with the IRS Nov 12, 2021 $47K$188K−$141K$133K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $46,836 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $53,000$46,836
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $53,000$46,836
I-13 Grants and similar amounts paidPrior year $41,705$69,028
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,545$9,192
I-18 Total expensesPrior year $45,250$78,220
I-19 Revenue less expensesPrior year $7,750−$31,384
Part VI · Governance 2 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $46,836 across 3 lines filed
VIII-1f All other contributions, gifts and grants$46,836
VIII-1h Total contributions, gifts and grants$46,836
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$46,836
Part IX · Statement of functional expenses $78,220 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $69,028$69,028
IX-11c Accounting feesManagement $2,540$2,540
IX-14 Information technologyManagement $160$160
IX-17 TravelManagement $678$678
IX-19 Conferences, conventions and meetingsManagement $2,140$2,140
IX-23 InsuranceManagement $1,270$1,270
IX-24 Other expenses (24a–d)Management $2,827$2,827
IX-24e All other expensesManagement −$423−$423
IX-25 Total functional expensesPrograms $69,028 · Management $9,192 · Fundraising $0$78,220
Part X · Balance sheet $0 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $31,807$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $36,131$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $67,938$0
X-17 Accounts payable and accrued expensesStart of year $423$0
X-26 Total liabilitiesStart of year $423$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $7,750$0
X-32 Total net assets or fund balancesStart of year $67,515$0
X-33 Total liabilities and net assetsStart of year $67,938$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$46,836
XI-2 Total expenses$78,220
XI-3 Revenue less expenses−$31,384
XI-4 Net assets at start of year$67,515
XI-9 Other changes in net assets−$36,131
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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