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THE INDEPENDENCE FUND INC

EIN 26-0322088 CHARLOTTE, NC

Revenue 2023
$6,146,293
Expenses 2023
$9,763,455

Program services were 65.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
W30
Classification
1000
Street
412 LOUISE AVE

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Sarah Verado

    CEO

    Total calculated
    $297,581
    From this org
    $297,581
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $297,581
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $297,581

  • Clark Pennington

    COO

    Total calculated
    $204,495
    From this org
    $204,495
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,495
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $204,495

  • Dena Lecompt

    CFO

    Total calculated
    $119,958
    From this org
    $119,958
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Malgorzata Reazka

    Chief of Engagements

    Total calculated
    $101,808
    From this org
    $101,808
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • John Bauer

    Chief Strategist

    Total calculated
    $52,071
    From this org
    $52,071
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Grant Campbell

    Chair

    Total calculated
    $0
    Hours/week
    10

  • Jennifer Korn

    Director

    Total calculated
    $0
    Hours/week
    10

  • Alea Nadeem

    Secretary

    Total calculated
    $0
    Hours/week
    10

  • Cheryl Mason

    Director

    Total calculated
    $0
    Hours/week
    10

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 — 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. Earlier years are each on their own filing page.

Filings

  • 2023
    Revenue
    $6,146,293
    Expenses
    $9,763,455
    Contributions
    $6,017,739
    Grants paid
    $978,740
  • 2022
    Revenue
    $12,475,650
    Expenses
    $13,307,657
    Contributions
    $11,592,596
    Grants paid
    $1,178,662

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

Where these grants went next →

Grants received

The 10 largest by cash amount. The API serves every itemized grant.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.