World Services For The Blind Incorporated
- Assets
- $6.9m
- Revenue
- $4.0m
- Investments
- $2.0
- Employees
- 52
- Location
- Little Rock, AR
- Founding
- 10/1947
- Data as of
- 06/2020
- EIN
- 71-0208511
Organization Overview
World Services For The Blind Incorporated is located in Little Rock, AR. The organization was established in 1947. 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. As of 06/2020, World Services For The Blind Incorporated employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, World Services For The Blind Incorporated generated $4.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $2.2m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED IN THE UNITED STATES AND AROUND THE WORLD TO ACHIEVE SUSTAINABLE INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVED APPROXIMATELY 122 INDIVIDUALS THROUGH A COMPLETE PERSONAL ADJUSTMENT PROGRAM, THIRTEEN VOCATIONAL COURSES, A VISION REHABILITATION CLINIC, AN ASSISTIVE TECHNOLOGY LEARNING CENTER, JOB PLACEMENT ASSISTANCE, AND A COLLEGE PREPARATORY PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Giovinazzo Wsb President/ceo | Officer | 35 | $80,000 |
Duane Clausen Outgoing CFO | Officer | 35 | $75,000 |
Amanda Beaudoin Incoming CFO | Officer | 35 | $5,638 |
Lee Giurlanda Secretary | OfficerTrustee | 1 | $0 |
Noel Strauss Treasurer | OfficerTrustee | 1 | $0 |
James J Coleman Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,481,995 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $856,948 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,343,943 |
| Total Program Service Revenue | $1,593,637 |
| Investment income | $975 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,660 |
| Net Gain/Loss on Asset Sales | $18,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,984,925 |
| 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. | $190,570 |
| Compensation of current officers, directors, key employees. | $16,937 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,036,182 |
| Pension plan accruals and contributions | $60,168 |
| Other employee benefits | $29,593 |
| Payroll taxes | $83,859 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $63,329 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,525 |
| Advertising and promotion | $0 |
| Office expenses | $135,804 |
| Information technology | $2,772 |
| Royalties | $0 |
| Occupancy | $193,593 |
| Travel | $48,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,838 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,591 |
| Insurance | $73,480 |
| All other expenses | $2,499 |
| Total functional expenses | $2,217,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $424,459 |
| Savings and temporary cash investments | $3,189 |
| Pledges and grants receivable | $4,000 |
| Accounts receivable, net | $150,972 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,081 |
| Net Land, buildings, and equipment | $1,502,992 |
| Investments—publicly traded securities | $32,098 |
| Investments—other securities | $2 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,801,379 |
| Total assets | $6,944,172 |
| Accounts payable and accrued expenses | $300,272 |
| 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 | $458,683 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $406,666 |
| Total liabilities | $1,165,621 |
| Net assets without donor restrictions | $912,407 |
| Net assets with donor restrictions | $4,866,144 |
| 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 | $6,944,172 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that World Services For The Blind Incorporated has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $200,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $50,000 |
Endowment Analysis
| Beg. Balance | $327,452 |
| Net Contributions | $270 |
| Ending Balance | $327,722 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tarrant County Association For The Blind Fort Worth, TX | $6,916,581 | $5,960,695 |
World Services For The Blind Incorporated Little Rock, AR | $6,944,172 | $3,984,925 |
Affiliated Blind Of Louisiana Training Center Inc Lafayette, LA | $3,221,290 | $2,000,332 |
Visionserve Alliance Inc Saint Louis, MO | $444,757 | $487,295 |
Smoky Mountain Service Dogs Loudon, TN | $5,149,283 | $2,219,591 |
Gallant Hearts Guide Dog Center Madison, MS | $537,865 | $328,271 |
Low Vision Resource Center San Antonio, TX | $265,795 | $203,749 |
All Purpose Canines Inc Ranger, TX | $106,418 | $0 |
National Federation Of The Blind Of Louisiana Inc Ruston, LA | $2,504 | $13,632 |
All Blind Children Of Texas Austin, TX | $94,961 | $9,826 |
National Federation Of The Blind Of Louisiana Inc Ruston, LA | $6,712 | $10,877 |
National Federation Of The Blind Of Louisiana Inc Ruston, LA | $14,239 | $15,840 |