Independence Corps FY2022 filing

Dallas, TXUnknown exempt organization EIN 36-4605639Revenue $53K in FY2022Latest return filed Feb 27, 2024

On file with the IRSindependencecorps.orgDallas, TX

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Awareness and support of wounded veterans

92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
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
A surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
92%
of spending
92% of spending went to programs.
Pt IX · Ln 25 · col B
8.4 mo
of spending, in cash
8.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$423
0.6% of total assets
Liabilities are 0.6% of assets.
Pt X · Ln 26
Independent board members
2
of 2 voting members
2 of 2 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$53K
-4% vs prior year
Spent
$45K
To programs
92%
Net assets
$68K
By yearFY2020–FY2023
Revenue
$53K
FY2022▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$47K
FY2021$55K
FY2022$53K
FY2023$47K
Expenses
$45K
FY2022▼ -65%
Tap a bar for its year
Expenses by fiscal year
FY2020$188K
FY2021$129K
FY2022$45K
FY2023$78K
Net assets
$68K
FY2022▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$133K
FY2021$60K
FY2022$68K
FY2023$0

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

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

92 cents of each dollar spent went to programs.

Program services 92% · $42K Management & general 8% · $4K

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/Director
$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 · $42K · in their own filed words · FY2022
01

See schedule o for program details

$42Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$53K
Ln 12
Gifts and grantsLn 1h$53K
Money outPt IX
$45K
Ln 25
Programscol B$42K
Managementcol C$4K
Owns and owesPt X
$68K
net assets · Ln 32
Cash and savingsLn 1–2$32K
Total assetsLn 16$68K
LiabilitiesLn 26$423
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$53K
Total revenueLn 12$53K
Assets in detailPt X, end of year
CashLn 1$32K
Cash and savings togetherLn 1–2$32K
Pledges and grants receivableLn 3$36K
Total assetsLn 16$68K
LiabilitiesLn 26$423
Net assetsLn 32$68K
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 FY22End FY22
Cash and savingsLn 1–2$23K$32K
Total assetsLn 16$60K$68K
LiabilitiesLn 26$430$423
Net assetsLn 32$60K$68K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$42K$42K
Information technologyLn 14$160$160
TravelLn 17$100$100
InterestLn 20$13$13
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$2K$2K
All other expensesLn 24e$2$2
Total functional expensesLn 25$45K$42K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Feb 27, 2024 $47K$78K−$31K$0 990 PDF
FY2022 ViewingFiled 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

I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $53,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $54,974$53,000
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 $54,974$53,000
I-13 Grants and similar amounts paidPrior year $125,600$41,705
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 $2,972$3,545
I-18 Total expensesPrior year $128,572$45,250
I-19 Revenue less expensesPrior year −$73,598$7,750
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 $53,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$53,000
VIII-1h Total contributions, gifts and grants$53,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$53,000
Part IX · Statement of functional expenses $45,250 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $41,705$41,705
IX-14 Information technologyManagement $160$160
IX-17 TravelManagement $100$100
IX-20 InterestManagement $13$13
IX-23 InsuranceManagement $1,270$1,270
IX-24 Other expenses (24a–d)Management $2,000$2,000
IX-24e All other expensesManagement $2$2
IX-25 Total functional expensesPrograms $41,705 · Management $3,545 · Fundraising $0$45,250
Part X · Balance sheet $67,938 assets, 10 lines filed
Net asset lines not itemized here account for $59,765. See the IRS return.
X-1 Cash, non-interest-bearingStart of year $23,174$31,807
X-3 Pledges and grants receivableStart of year $37,021$36,131
X-16 Total assetsStart of year $60,195$67,938
X-17 Accounts payable and accrued expensesStart of year $430$423
X-26 Total liabilitiesStart of year $430$423
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 $0$7,750
X-32 Total net assets or fund balancesStart of year $59,765$67,515
X-33 Total liabilities and net assetsStart of year $60,195$67,938
Part XI · Reconciliation of net assets $67,515 net assets at year end
XI-1 Total revenue$53,000
XI-2 Total expenses$45,250
XI-3 Revenue less expenses$7,750
XI-4 Net assets at start of year$59,765
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$67,515

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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