Connecticut Insitute For The Blind
- Assets
- $80.7m
- Revenue
- $90.3m
- Investments
- $41.6m
- Employees
- 0
- Location
- Hartford, CT
- Founding
- 07/1988
- Data as of
- 06/2018
- EIN
- 06-1536072
Organization Overview
Connecticut Insitute For The Blind is located in Hartford, CT. The organization was established in 1988. According to its NTEE Classification (P86) the organization is classified as: Blind & Visually Impaired Centers, under the broad grouping of Human Services and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Connecticut Insitute For The Blind is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Limited Data Available: This organization filed their most recent 990 in paper format. This filing methodology limits the information that can be extracted from the filing.Limited Data Available: This organization is one of the few in our database that filed their most recent 990 with the IRS in paper format. This filing methodology limits the information that can be extracted from the filing. This will, however, be changing soon; The IRS now requires all organizations to file their 990s electronically.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,763,312 |
| Investment income | $59,729 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$794,951 |
| Net Income from Fundraising Events | -$18,859 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,289,861 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $78,224 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $986,729 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,678,672 |
| Pension plan accruals and contributions | $1,974,827 |
| Other employee benefits | $14,905,539 |
| Payroll taxes | $3,820,671 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $107,041 |
| Fees for services: Accounting | $79,466 |
| Fees for services: Lobbying | $72,425 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $325,884 |
| Office expenses | $442,434 |
| Information technology | $480,934 |
| Royalties | $0 |
| Occupancy | $5,322,538 |
| Travel | $2,761,352 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125,825 |
| Interest | $273,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,224,487 |
| Insurance | $333,317 |
| All other expenses | $0 |
| Total functional expenses | $89,169,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,706,339 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,879,300 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $47,671 |
| Prepaid expenses and deferred charges | $1,033,708 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $41,638,241 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $80,679,994 |
| Accounts payable and accrued expenses | $10,346,026 |
| Grants payable | $0 |
| Deferred revenue | $114,236 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,018,317 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,000,000 |
| Total liabilities | $18,478,579 |
| Net assets without donor restrictions | $15,847,286 |
| Net assets with donor restrictions | $4,715,888 |
| Capital stock or trust principal, or current funds | $41,638,241 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $62,201,415 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Institute For The Blind Hartford, CT | $100,151,013 | $94,829,257 |
Helen Keller Services Brooklyn, NY | $124,201,527 | $36,076,194 |
Guiding Eyes For The Blind Inc Yorktown Heights, NY | $122,120,627 | $42,129,166 |
Association For The Blind And Visually Impaired-Goodwill Industr Rochester, NY | $38,384,000 | $14,634,022 |
Via Visually Impaired Advancement Buffalo, NY | $14,312,562 | $14,987,718 |
Visions Services For The Blind And Visually Impaired New York, NY | $132,242,399 | $14,332,092 |
New England Eye Institute Inc Boston, MA | $2,635,447 | $7,537,793 |
Fidelco Guide Dog Foundation Inc Bloomfield, CT | $16,448,832 | $3,934,053 |
Jewish Guild For The Blind New York, NY | $68,568,868 | $9,629,979 |
Guide Dog Foundation For The Blind Inc Smithtown, NY | $48,826,109 | $13,918,395 |
Service Dog Project Inc Ipswich, MA | $1,017,552 | $1,236,759 |
In-Sight Warwick, RI | $13,120,579 | $988,731 |