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Filing year 2024

INDEPENDENCE FOUNDATION

Philadelphia, Pennsylvania·EIN 23-1352110·NTEE B82 · Education·501(c)(3)
Total revenue
$8.2M
Total assets
$78.1M
Total expenses
$6.4M
Reported officers
8

Executive compensation

Form 990-PF · Part VIII · 2 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Education organizations in Pennsylvania.

President, CEO
75th to 90th percentile
$353k
$380k
Board Chair
Above 90th percentilevs Education peers nationwide
$249k
$268k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 6 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at INDEPENDENCE FOUNDATION equaled 6% of the organization's total expenses. The median for education organizations is 7%.

This organization (2024)
6%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$3.5M

Itemized grants

234

Median grant

$10k

RecipientLocationPurposeAmount
FELLOWSHIP PAYMENTSPHILADELPHIA, PAFELLOWSHIP PAYMENTS$117k
COMMUNITY LEGAL SERVICES INCPHILADELPHIA, PAPUBLIC INTEREST LAW FELLOWSHIP - LIVIA LUAN$91k
PLANNED PARENTHOOD SOUTHEASTERN PAPHILADELPHIA, PAGENERAL SUPPORT$90k
HIAS AND COUNCIL MIGRATION SERVICE OF PHILADELPHIA INCPHILADELPHIA, PAPUBLIC INTEREST LAW FELLOWSHIP - EMILY MILES$84k
PHILADELPHIA LEGAL ASSISTANCE CENTER INCPHILADELPHIA, PAPUBLIC INTEREST LAW FELLOWSHIP - NICOLE SCOTT$76k
PHILADELPHIA MURAL ARTS ADVOCATESPHILADELPHIA, PAGENERAL SUPPORT$76k
PENNSYLVANIA HEALTH ACCESS NETWORKPHILADELPHIA, PAGENERAL SUPPORT$75k
PROJECT HOMEPHILADELPHIA, PAHEALTHCARE SERVICES AT PROJECT HOME'S STEPHEN KLEIN WELLNESS CENTER AND HUB OF HOPE$75k
COMMUNITY LEGAL SERVICES INCPHILADELPHIA, PAGENERAL SUPPORT$67k
ZOOLOGICAL SOCIETY OF PHILADELPHIAPHILADELPHIA, PAGENERAL SUPPORT$63k
PHILABUNDANCEPHILADELPHIA, PAGENERAL SUPPORT$53k
LCH HEALTH AND COMMUNITY SERVICESKENNETT SQ, PAGENERAL SUPPORT$51k
CENTER FOR THE ADVOCACY FOR THE RIGHTS & INTERESTS OF THE ELDERLYPHILADELPHIA, PAGENERAL SUPPORT$50k
OPERA PHILADELPHIAPHILADELPHIA, PAGENERAL SUPPORT$50k
PREVENTION POINT PHILADELPHIA INCORPORATEDPHILADELPHIA, PAGENERAL SUPPORT$50k
PUENTES DE SALUDPHILADELPHIA, PAPUENTES DE SALUD HEALTH PROGRAM$50k
COMMUNITY LEGAL SERVICES INCPHILADELPHIA, PAPUBLIC INTEREST LAW FELLOWSHIP - JUAN P. MADRIGAL$46k
PENNSYLVANIA INSTITUTIONAL LAW PROJECTPHILADELPHIA, PAPUBLIC INTEREST LAW FELLOWSHIP - LISA FANNING$44k
FRIENDS OF FARMWORKERS INCPHILADELPHIA, PAPUBLIC INTEREST LAW FELLOWSHIP - SOLVEIG OLSON-STROM$43k
THE PUBLIC INTEREST LAW CENTERPHILADELPHIA, PAPUBLIC INTEREST LAW FELLOWSHIP - MADISON GRAY$42k
PIG IRON THEATRE COMPANY INCPHILADELPHIA, PAGENERAL SUPPORT$40k
PENNSYLVANIA HEALTH LAW PROJECTPHILADELPHIA, PAPUBLIC INTEREST LAW FELLOWSHIP - MEGGIE MCCARTHY$39k
COMMUNITY LEGAL SERVICES INCPHILADELPHIA, PAPUBLIC INTEREST LAW FELLWOSHIP - TUE HO$39k
NATIONALITIES SERVICE CENTER OF PHILADELPHIAPHILADELPHIA, PAPUBLIC INTEREST LAW FELLOWSHIP - MARGARET KOPEL$38k
COMMUNITY COLLEGE OF PHILADELPHIA FOUNDATIONPHILADELPHIA, PATEACHING NURSING HOME PROJECT$38k
Compare this foundation's grantees

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Climbed 10%
over 3 years

From $323k in 2021 to $353k in 2024.

$323k
2021
$348k
2023
$353k
2024
In today's dollarsEst.
Down 6% in real terms$405k to $380k

Estimated with Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 10% from 2021 to 2024, while revenue rose 49%.

$323k in 2021 to $353k in 2024.
  • Board Chair pay rose 10% from 2021 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2021 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about INDEPENDENCE FOUNDATION

What does the Chief Executive Officer of INDEPENDENCE FOUNDATION earn?

In 2024, the Chief Executive Officer of INDEPENDENCE FOUNDATION received $353,472 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Education organizations in Pennsylvania, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at INDEPENDENCE FOUNDATION compare with similar nonprofits?

Compared with the same role at Education organizations in Pennsylvania, the 2024 pay of the Chief Executive Officer at INDEPENDENCE FOUNDATION falls between the 75th and 90th percentiles. In 2024, the highest total compensation at INDEPENDENCE FOUNDATION equaled 6% of the organization's total expenses. The median for education organizations is 7%.

What are INDEPENDENCE FOUNDATION's revenue and expenses?

In 2024, INDEPENDENCE FOUNDATION reported $8.2M in total revenue and $6.4M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.