W R Torres Foundation For The Blind
- Assets
- $35.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Silver Spring, MD
- Founding
- 08/2001
- Data as of
- 06/2023
- EIN
- 52-2196534
Organization Overview
W R Torres Foundation For The Blind is located in Silver Spring, MD. The organization was established in 2001. According to its NTEE Classification (Q21) the organization is classified as: International Cultural Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2023, W R Torres Foundation For The Blind employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. W R Torres Foundation 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.
For the year ending 06/2023, W R Torres Foundation For The Blind generated $51.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $38.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (16.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE ASSISTED COMPUTER TECHNOLOGY AND OTHER SUPPORT SERVICES TO THE BLIND AND VISUALLY IMPAIRED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ancil Torres President | 40 | $4,000 | |
Allison Questel Treasurer | 5 | $0 | |
Joan Basalik Secretary | 1 | $0 | |
Ancil Torres President | 40 | $4,000 | |
Allison Questel Treasurer | 5 | $0 | |
Joan Basalik Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $38,556 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6,000 |
| Total Revenue | $51,744 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,047 |
| Professional fees and other payments to independent contractors | $754 |
| Occupancy, rent, utilities, and maintenance | $904 |
| Printing, publications, postage, and shipping | $1,085 |
| Other expenses | $15,124 |
| Total expenses | $38,914 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,361 |
| Other assets | $0 |
| Total assets | $35,375 |
| Total liabilities | $39,657 |
| Net assets or fund balances | -$4,282 |