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Organizations Public & Societal Benefit The Independence Fund Inc

The Independence Fund Inc

Fiscal year ending 2023. Filed on January 26, 2024.

412 Louise Avenue
Charlotte, North Carolina 28204

The Independence Fund Inc (EIN: 26-0322088) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2023 IRS Form 990 filing, The Independence Fund Inc, a 501(c)(3) charitable organization, reported compensation for 4 out of 54 total employees. Among the employees shown here, the average compensation is $173,479. The highest compensated employee at The Independence Fund Inc is Sarah Verardo with fiscal year 2023 compensation of $269,376.

Revenue, expenses, and employee compensation

Revenue

$12,475,650

Expenses

$13,307,657

Employee compensation

$4,169,057
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Sarah Verardo
Chief Executive Officer
$269,376
$265,000 No related comp$4,376
Samuel Johnson
Executive Vice President, Operations
$181,200
$181,200 No related compNo other comp
Daniel T Elkins
Senior Advisor
$125,038
$105,038 No related comp$20,000
Bob Carey
Evp-Advocacy
$118,300
$118,300 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Alea Nadeem
Director
Arthur Pue
Chair
Cheryl Mason
Director
Jennifer Korn
Director
Keita Franklin
Secretary
Mike Lenhart
Director
Rich Gross
Director

Mission Statement

To serve the Warfighter community by providing programs and services that foster the physical, mental, emotional, and spiritual independence of our service members, combat Veterans, their Caregivers, families and Allies who served alongside them in combat.

Revisions to this organization profile

October 8, 2025:
2024 The Independence Fund Inc 990 filed
January 26, 2024:
2023 The Independence Fund Inc 990 filed
December 13, 2022:
2022 The Independence Fund Inc 990 filed

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