Michigan Braille Trans Fund Inc
- Assets
- $3.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Jackson, MI
- Founding
- 04/1998
- Data as of
- 12/2023
- EIN
- 38-3387837
Organization Overview
Michigan Braille Trans Fund Inc is located in Jackson, MI. The organization was established in 1998. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2023, Michigan Braille Trans Fund Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Braille Trans Fund Inc 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 12/2023, Michigan Braille Trans Fund Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRODUCE THE BEST BRAILLE MATERIALS ESSENTIAL FOR THE EDUCATIONAL NEEDS AND PURSUIT OF INDEPENDENCE FOR THE BLIND AND VISUALLY IMPAIRED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO TRANSCRIBE BOOKS AND OTHER MATERIAL INTO BRAILLE AS REQUESTED BY SCHOOLS AND SOCIAL SERVICE AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Olmstead Ceo/pres. | Officer | 40 | $119,908 |
Michael Brown Vice Chairma | OfficerTrustee | 1 | $0 |
Roger Chard Director | Trustee | 1 | $0 |
David Desnoyer Secretary | OfficerTrustee | 1 | $0 |
Richard Foust Treasurer | OfficerTrustee | 1 | $0 |
Philip Hoffman Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $759 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $254,184 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,943 |
| Total Program Service Revenue | $863,802 |
| Investment income | $40,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,159,678 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $334,464 |
| Pension plan accruals and contributions | $37,638 |
| Other employee benefits | $0 |
| Payroll taxes | $28,867 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $13,376 |
| Fees for services: Lobbying | $19,200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,925 |
| Fees for services: Other | $322,899 |
| Advertising and promotion | $0 |
| Office expenses | $25,022 |
| Information technology | $72,774 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,541 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,630 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $480,736 |
| Insurance | $0 |
| All other expenses | -$360,940 |
| Total functional expenses | $1,173,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $324,024 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $267,963 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $71,770 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $114,717 |
| Investments—publicly traded securities | $1,891,398 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $754,780 |
| Other assets | $136,611 |
| Total assets | $3,561,263 |
| Accounts payable and accrued expenses | $13,346 |
| Grants payable | $0 |
| Deferred revenue | $86,103 |
| 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 | $0 |
| Other liabilities | $110,961 |
| Total liabilities | $210,410 |
| Net assets without donor restrictions | $3,350,853 |
| Net assets with donor restrictions | $0 |
| 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 | $3,561,263 |
Grants Awarded
Over the last fiscal year, Michigan Braille Trans Fund Inc has awarded $33,666 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEEDLINGS BRAILLE BOOKS FOR CHILDRE PURPOSE: PROGRAM SUPPORT | $8,666 |
LIONS CLUB BEAR LAKE PURPOSE: SET UP ENDOWMENT | $25,000 |