World Services For The Blind Foundation
- Assets
- $4.6m
- Revenue
- $846.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 12/2002
- Data as of
- 06/2021
- EIN
- 02-0615253
Organization Overview
World Services For The Blind Foundation is located in Little Rock, AR. The organization was established in 2002. According to its NTEE Classification (G41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Services For The Blind Foundation 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 06/2021, World Services For The Blind Foundation generated $846.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 73.5% each year . All expenses for the organization totaled $1.8m during the year ending 06/2021. 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
TO SUPPORT WORLD SERVICES FOR THE BLIND, AN IRC SECTION 501(C)(3) PUBLIC CHARITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF WORLD SERVICES FOR THE BLIND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Copeland Chair | OfficerTrustee | 0.5 | $0 |
David Degraff Past Chair | OfficerTrustee | 0.5 | $0 |
Sharon Giovinazzo World Svcs. President/ceo | Officer | 5 | $0 |
Amanda Beaudoin Incoming CFO | Officer | 5 | $0 |
Duane Clausen Outgoing CFO | Officer | 5 | $0 |
Vernard Henley Jr Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Middleton Heat & Air Hvac System Installation | 6/29/21 | $845,375 |
Catherine Johnson & Associates Inc Fundraising | 6/29/21 | $102,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $123,950 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $614,284 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $738,234 |
| Total Program Service Revenue | $0 |
| Investment income | $41,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $69,630 |
| Net Income from Fundraising Events | -$2,612 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $846,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,707,135 |
| 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 | $29,167 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,500 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $91,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $773 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $724 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $749 |
| Total functional expenses | $1,833,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,802 |
| Savings and temporary cash investments | $724,463 |
| Pledges and grants receivable | $1,823,416 |
| Accounts receivable, net | $5,250 |
| 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 | $7,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,904,621 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,565,552 |
| Accounts payable and accrued expenses | $9,391 |
| 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 | $390,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $981,270 |
| Total liabilities | $1,380,661 |
| Net assets without donor restrictions | $154,760 |
| Net assets with donor restrictions | $3,030,131 |
| 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 | $4,565,552 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that World Services For The Blind Foundation has recieved totaling $145,000.
| Awarding Organization | Amount |
|---|---|
Ottenheimer Brothers Foundation Little Rock, AR PURPOSE: TO FURTHER EXEMPT PURPOSE | $125,000 |
Delta Dental Of Arkansas Foundation Inc Sherwood, AR PURPOSE: COMMUNITY GRANT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse For The Blind In New Orleans New Orleans, LA | $20,791,021 | $9,622,051 |
Missouri Lions Eye Research Foundation Kansas City, MO | $11,391,885 | $10,320,745 |
Beacon Lighthouse Inc Wichita Falls, TX | $3,271,118 | $8,876,178 |
East Texas Lighthouse For The Blind Inc Tyler, TX | $45,131,329 | $9,265,830 |
Lighthouse For The Blind Of Houston Houston, TX | $28,697,781 | $5,413,103 |
Knights Templar Eye Foundation Inc Flower Mound, TX | $153,213,107 | $22,979,623 |
South Texas Lighthouse For The Blind Corpus Christi, TX | $31,893,208 | $5,279,988 |
Louisiana Assn For The Blind Inc Shreveport, LA | $31,579,658 | $6,008,985 |
Lions Volunteer Blind Industries Inc Morristown, TN | $6,170,102 | $1,326,528 |
Louisiana Center For The Blind Inc Ruston, LA | $4,006,211 | $2,266,620 |
Southern Eye-Bank Metairie, LA | $10,995,375 | $2,880,299 |
Houston Lighthouse Foundation Inc Houston, TX | $45,366,188 | $2,659,206 |