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← INDEPENDENT CENTER

Form 990 for tax year 2024

Filed by INDEPENDENT CENTER.

Totals

Total revenue
$1,786,500
Total expenses
$1,884,208
Contributions and grants received
$1,786,500
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$338,537
Total liabilities, end of year
$7,766
Net assets or fund balances, end of year
$330,771
Program services expenses (Part IX)
$1,603,918
Management and general expenses
$194,819
Fundraising expenses
$85,471
Program service expenses (Part III)
$1,603,918

Program services were 85.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,786,500

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $218,557 · program services $152,990 · management and general $43,711 · fundraising $21,856

  • 7 · Other salaries and wages

    total $336,149 · program services $235,304 · management and general $67,230 · fundraising $33,615

  • 9 · Other employee benefits

    total $41,459 · management and general $41,459

  • 11b · Fees: legal

    total $26,845 · program services $26,845

  • 11c · Fees: accounting

    total $20,581 · management and general $20,581

  • 11g · Fees: other

    total $510,214 · program services $480,214 · fundraising $30,000

  • 12 · Advertising and promotion

    total $174,675 · program services $174,675

  • 13 · Office expenses

    total $486,974 · program services $480,677 · management and general $6,297

  • 17 · Travel

    total $33,633 · program services $33,633

  • 23 · Insurance

    total $15,541 · management and general $15,541

  • 24a · Other expenses: PROGRAM ACTIVITY

    total $19,580 · program services $19,580

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $428,479 · end of year $338,537

  • 17 · Accounts payable and accrued expenses

    end of year $7,766

  • 27 · Net assets without donor restrictions

    beginning of year $428,479 · end of year $330,771

Mission and programs · 2024

Mission

INDEPENDENT CENTER PROMOTES RESEARCH AND PUBLIC POLICY THAT STRENGTHENS THE AMERICAN MERITOCRACY AND EXPANDS CHOICE IN PUBLIC POLICY.

  • RESEARCH, POLLING AND FOCUS GROUPS: STUDY AND MONITOR THE VIEWS OF AMERICANS AT THE CENTER OF THE IDEOLOGICAL SPECTRUM. POLLS WILL BENEFIT THE PUBLIC BY GIVING A NEW PERSPECTIVE ON THE WAYS INDEPENDENT, NON-PARTISAN VOTERS FEEL ABOUT CURRENT EVENTS AND PUBLIC POLICY.

    Expenses $1,603,918

As filed on the 2024 return.

Listed in Part VII

  • Parissa Sedghi Fornwalt

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Chris Marston

    SECRETARY AND TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Giancomo Fozzati

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Doug Rice

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lura Forcum

    PRESIDENT

    Total calculated
    $19,950
    From this org
    $19,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Adam Brandon

    SENIOR ADVISOR

    Total calculated
    $198,607
    From this org
    $198,607
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,607
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $198,607

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • INDEPENDENT CENTER ACTION

    501(C)(4) · ADVOCACY · VA

  • INDEPENDENT POLITICAL ACTION COMMITTEE

    527 · POLITICAL ACTION COMMITTEE · AL

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349327074

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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