Spectrios Institute For Low Vision
- Assets
- $2.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 13
- Location
- Wheaton, IL
- Founding
- 02/1980
- Data as of
- 12/2021
- EIN
- 36-3083157
Organization Overview
Spectrios Institute For Low Vision is located in Wheaton, IL. The organization was established in 1980. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Spectrios Institute For Low Vision employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spectrios Institute For Low Vision is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Spectrios Institute For Low Vision generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
VISUAL REHABILITATION OF LOW VISION PATIENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE VISUAL REHABILITATION PROGRAMS WHICH ASSIST LOW VISION PATIENTS IN OVERCOMING OBSTACLES OF DAILY LIVING AND IN MAINTAINING INDEPENDENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Tracy Williams Od Executive Di | OfficerTrustee | 40 | $149,542 |
Richard Feinbloom Fin Chair/ S | OfficerTrustee | $0 | |
Ryan Anderson 3rd Vice Cha | OfficerTrustee | $0 | |
Peter Whinfrey Board Chairm | OfficerTrustee | $0 | |
David Gotsch 1st Vice Cha | OfficerTrustee | $0 | |
David Dopp Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $76,484 |
| Related organizations | $0 |
| Government grants | $132,852 |
| All other contributions, gifts, grants, and similar amounts not included above | $537,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $746,716 |
| Total Program Service Revenue | $332,509 |
| Investment income | $18,010 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,623 |
| Net Income from Fundraising Events | $28,608 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $163,732 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,326,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $149,542 |
| Compensation of current officers, directors, key employees. | $34,395 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $491,991 |
| Pension plan accruals and contributions | $7,335 |
| Other employee benefits | $38,709 |
| Payroll taxes | $45,850 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,928 |
| Fees for services: Other | $100,292 |
| Advertising and promotion | $39,251 |
| Office expenses | $28,159 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,802 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,022 |
| Interest | $6,569 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,305 |
| Insurance | $20,990 |
| All other expenses | $10,089 |
| Total functional expenses | $1,124,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $539,736 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,714 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,837 |
| Prepaid expenses and deferred charges | $4,558 |
| Net Land, buildings, and equipment | $754,232 |
| Investments—publicly traded securities | $1,081,358 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,437,435 |
| Accounts payable and accrued expenses | $47,149 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $73,614 |
| Other liabilities | $86,116 |
| Total liabilities | $206,879 |
| Net assets without donor restrictions | $2,143,274 |
| Net assets with donor restrictions | $87,282 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,437,435 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Spectrios Institute For Low Vision has recieved totaling $92,273.
| Awarding Organization | Amount |
|---|---|
Robert R Mccormick Foundation Chicago, IL PURPOSE: SEEING IS BELIEVING | $20,000 |
Dupage Community Foundation Downers Grove, IL PURPOSE: HEALTH SERVICES | $17,500 |
First Bank Of Highland Park Foundation Highland Park, IL PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Best Walter & Edith Foundation 110010842120 Chicago, IL PURPOSE: PROGRAM SUPPORT | $10,000 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $8,492 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $7,050 |
Endowment Analysis
| Beg. Balance | $947,325 |
| Earnings | $123,936 |
| Admin Expense | $10,928 |
| Net Contributions | $21,025 |
| Ending Balance | $1,081,358 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Health Information Exchange Inc Indianapolis, IN | $7,071,643 | $17,868,575 |
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
Childrens Hospital Foundation Louisville, KY | $121,952,447 | $19,774,743 |
Southern Illinois Laborers & Empl Health & Welfare Fund Marion, IL | $23,536,245 | $17,167,946 |
Cardinal Glennon Childrens Foundation St Louis, MO | $175,256,703 | $38,879,675 |
Manatts Inc Group Health Plan & Tr Brooklyn, IA | $3,919,154 | $13,220,530 |
Communicare Services Elizabethtown, KY | $10,036,197 | $20,763,461 |
Hoosier Cancer Research Network Inc Indianapolis, IN | $13,291,653 | $12,660,733 |
Health & Welfare Fund Of Cedar Rapids Iowa V A Local 125 Cedar Rapids, IA | $31,419,781 | $18,589,909 |