Industries For The Blind And Visually Impaired Inc
- Assets
- $80.2m
- Revenue
- $10.4m
- Investments
- $1.0m
- Employees
- 306
- Location
- West Allis, WI
- Founding
- 07/1953
- Data as of
- 09/2021
- EIN
- 39-0840476
Organization Overview
Industries For The Blind And Visually Impaired Inc is located in West Allis, WI. The organization was established in 1953. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 09/2021, Industries For The Blind And Visually Impaired Inc employed 306 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Industries For The Blind And Visually Impaired 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 09/2021, Industries For The Blind And Visually Impaired Inc generated $10.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $12.4m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Industries For The Blind And Visually Impaired Inc has awarded 45 individual grants totaling $1,790,101. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND GROW EMPLOYMENT OPPORTUNITIES FOR VISUALLY IMPAIRED PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AND GROW EMPLOYMENT OPPORTUNITIES FOR BLIND AND VISUALLY IMPAIRED PEOPLE. DURING THE TAX YEAR, THE ORGANIZATION EMPLOYED 137 BLIND OR VISUALLY IMPAIRED PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Lange Jr Board Member (thru Dec) | Trustee | 1 | $0 |
Patrick Crain Chief Manufacturing & Logistics Officer | Officer | 40 | $311,883 |
Cindy Pinkley Cfo/treasurer (thru May 2020) | OfficerTrustee | 50 | $289,160 |
Emmanuel Vouvakis Chief Innovation Officer (thru Feb 2021) | Officer | 40 | $263,825 |
Richard Weigold Sr. VP Of Product & Channel Dev | Officer | 40 | $244,350 |
Todd Hobart VP Of Bsc Store Operations | Officer | 40 | $225,121 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iteria - Us Erp Implementation Consulting | 9/29/21 | $2,344,983 |
River Run Computers It Support Services | 9/29/21 | $360,550 |
Epic Creative Marketing Services | 9/29/21 | $1,477,031 |
Site Staffing Inc Staffing Services | 9/29/21 | $133,627 |
Me Dey & Co Inc Import Consultants | 9/29/21 | $779,741 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $599,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $799,195 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,942,542 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,367,576 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $258,086 |
| 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. | $2,256,953 |
| Compensation of current officers, directors, key employees. | $1,765,342 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,897,413 |
| Pension plan accruals and contributions | $544,988 |
| Other employee benefits | $588,914 |
| Payroll taxes | $234,325 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $99,591 |
| Fees for services: Accounting | $120,288 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,648 |
| Fees for services: Other | $353,180 |
| Advertising and promotion | $1,120,843 |
| Office expenses | $357,340 |
| Information technology | $836,620 |
| Royalties | $0 |
| Occupancy | $6,510 |
| Travel | $144,129 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,097 |
| Interest | $46,805 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $569,411 |
| Insurance | $228,561 |
| All other expenses | $43,516 |
| Total functional expenses | $12,431,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,935,359 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,607,727 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,917,729 |
| Prepaid expenses and deferred charges | $522,112 |
| Net Land, buildings, and equipment | $21,202,092 |
| Investments—publicly traded securities | $33,002,459 |
| Investments—other securities | $1,000,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,016,524 |
| Total assets | $80,204,002 |
| Accounts payable and accrued expenses | $7,166,694 |
| Grants payable | $0 |
| Deferred revenue | $3,195,830 |
| 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 | $6,145,553 |
| Total liabilities | $16,508,077 |
| Net assets without donor restrictions | $63,695,925 |
| 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 | $80,204,002 |
Grants Awarded
Over the last fiscal year, Industries For The Blind And Visually Impaired Inc has awarded $258,086 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Milwaukee, WI PURPOSE: DEVELOPMENT OF CAPABILITIES, REHABILITATION AND IMPROVEMENT OF LIVING STANDARDS FOR BLIND AND VISUALLY IMPAIRED INDIVIDUALS | $95,000 |
Wichita, KS PURPOSE: GENERAL SUPPORT | $80,000 |
Milwaukee, WI PURPOSE: DEVELOPMENT OF CAPABILITIES, REHABILITATION AND IMPROVEMENT OF LIVING STANDARDS FOR BLIND AND VISUALLY IMPAIRED INDIVIDUALS | $41,186 |
West Allis, WI PURPOSE: DEVELOPMENT OF CAPABILITIES, REHABILITATION AND IMPROVEMENT OF LIVING STANDARDS FOR BLIND AND VISUALLY IMPAIRED INDIVIDUALS | $40,000 |
Madison, WI PURPOSE: PROMOTE THE DIGNITY & EMPOWERMENT OF PEOPLE IN WISCONSIN WHO ARE BLIND AND VISUALLY IMPAIRED BY PROVIDING SERVICES, ADVOCATING LEGISLATION AND EDUCATING THE GENERAL PUBLIC. | $1,900 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Industries For The Blind And Visually Impaired Inc has recieved totaling $95,126.
| Awarding Organization | Amount |
|---|---|
National Park Foundation Washington, DC PURPOSE: CONNECT/ENGAGE: NPS JUNIOR ANGLER | $95,126 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Opportunity Partners Inc Minnetonka, MN | $26,381,596 | $26,797,746 |
Rise Incorporated Spring Lake Park, MN | $34,609,898 | $33,254,428 |
Trivium Life Services Council Bluffs, IA | $13,038,100 | $26,578,682 |
Productive Alternatives Inc Fergus Falls, MN | $14,632,824 | $15,833,343 |
Industries For The Blind And Visually Impaired Inc West Allis, WI | $80,204,002 | $10,367,576 |
Lambs Farm Inc Libertyville, IL | $23,504,581 | $13,032,908 |
Ability Building Center Inc Rochester, MN | $7,763,544 | $10,721,027 |
Orc Industries Inc La Crosse, WI | $242,922,909 | $45,746,672 |
Wesco Industries Denison, IA | $5,356,344 | $10,021,325 |
Svrc Industries Inc Saginaw, MI | $26,910,154 | $10,824,855 |
Skyline Center Inc Clinton, IA | $4,248,547 | $8,832,624 |
Open Door Rehabilitation Center Sandwich, IL | $5,637,180 | $7,297,052 |