National Industries For The Blind
- Assets
- $96.7m
- Revenue
- $34.5m
- Investments
- $0.0
- Employees
- 178
- Location
- Alexandria, VA
- Founding
- 08/1942
- Data as of
- 09/2023
- EIN
- 13-5596799
Organization Overview
National Industries For The Blind is located in Alexandria, VA. The organization was established in 1942. 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 09/2023, National Industries For The Blind employed 178 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Industries 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 09/2023, National Industries For The Blind generated $34.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $37.6m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, National Industries For The Blind has awarded 226 individual grants totaling $8,318,127. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE OPPORTUNITIES FOR ECONOMIC AND PERSONAL INDEPENDENCE OF PEOPLE WHO ARE BLIND, PRIMARILY THROUGH CREATING, SUSTAINING, AND IMPROVING EMPLOYMENT.
Describe the Organization's Program Activity:
IN FISCAL YEAR 2023, NIB AND ITS ASSOCIATED NONPROFIT AGENCIES EMPLOYED 5,237 PEOPLE WHO ARE BLIND, INCLUDING VETERANS WHO ARE BLIND, AND GENERATED 308 NEW JOB OPPORTUNITIES FOR PEOPLE WHO ARE BLIND THROUGH PRODUCT MANUFACTURING AND SERVICE DELIVERY. NIB CONTINUES TO INVEST IN CAREER OPPORTUNITIES IN THE PROFESSIONAL SERVICES FIELDS, EXPANDING ITS CONTRACT MANAGEMENT SUPPORT (CMS) TRAINING PROGRAM TO INCLUDE TRAINING GEARED TOWARD CLOSURE OF GRANTS AND COOPERATIVE AGREEMENTS, THUS EXPANDING THE CMS CUSTOMER BASE TO UNIVERSITIES, COLLEGES, HOSPITALS, AND LARGE PRIVATE-SECTOR GOVERNMENT CONTRACTORS. IN FISCAL 2023, 336 PEOPLE WHO ARE BLIND WERE PROMOTED, OBTAINED COMPETITIVE POSITIONS, OR WERE PLACED INTO SUPPORTED POSITIONS WITHIN NIB ASSOCIATED AGENCIES OR THEIR COMMUNITIES AS A RESULT OF TRAINING AND REHABILITATION SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul M Healy Chair | OfficerTrustee | 1 | $0 |
Kristin K French Vice Chair | OfficerTrustee | 1 | $0 |
Richard T Ginman Secretary | OfficerTrustee | 1 | $0 |
Leslie Pine Treasurer | OfficerTrustee | 1 | $0 |
David D'arcangelo Director | Trustee | 1 | $0 |
Cynthia Bryant Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clyde Group Llc Media Strategy Consulting | 9/29/23 | $374,800 |
S&k Sales Co Resale Broker Services | 9/29/23 | $316,830 |
Applications Software Technology Base Support Services | 9/29/23 | $316,676 |
Denovo Ventures Llc It Consulting | 9/29/23 | $163,440 |
Uniquity Corporation It Consulting | 9/29/23 | $222,642 |
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 | $32,715,510 |
| Investment income | $597,644 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $26,500 |
| Net Rental Income | $1,851,031 |
| Net Gain/Loss on Asset Sales | -$685,811 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $33,449 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,541,623 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,167,011 |
| 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. | $1,536,024 |
| Compensation of current officers, directors, key employees. | $186,656 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,444,713 |
| Pension plan accruals and contributions | $1,595,226 |
| Other employee benefits | $2,169,913 |
| Payroll taxes | $1,224,842 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $211,090 |
| Fees for services: Accounting | $151,117 |
| Fees for services: Lobbying | $75,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,696 |
| Fees for services: Other | $1,670,598 |
| Advertising and promotion | $1,903,475 |
| Office expenses | $615,262 |
| Information technology | $627,819 |
| Royalties | $0 |
| Occupancy | $1,027,563 |
| Travel | $534,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $851,498 |
| Interest | $1,677,818 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,527,847 |
| Insurance | $178,905 |
| All other expenses | $630,702 |
| Total functional expenses | $37,583,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,696,499 |
| Savings and temporary cash investments | $1,598 |
| Pledges and grants receivable | $145,270 |
| Accounts receivable, net | $17,608,790 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,206,781 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $972,799 |
| Net Land, buildings, and equipment | $56,869,067 |
| Investments—publicly traded securities | $14,398,170 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,798,215 |
| Total assets | $96,697,189 |
| Accounts payable and accrued expenses | $20,480,435 |
| Grants payable | $0 |
| Deferred revenue | $92,591 |
| Tax-exempt bond liabilities | $25,634,834 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,923,257 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $236,632 |
| Total liabilities | $57,367,749 |
| Net assets without donor restrictions | $39,184,170 |
| Net assets with donor restrictions | $145,270 |
| 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 | $96,697,189 |
Grants Awarded
Over the last fiscal year, National Industries For The Blind has awarded $1,001,246 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATION FOR VISION REHABILITATION AND EMPLOYMENT PURPOSE: PRODUCTIVITY, TRAINING AND COMPLIANCE | $10,436 |
LIONS VOLUNTEER BLIND INDUSTRIES INC PURPOSE: PRODUCTIVITY, TRAINING AND COMPLIANCE | $38,836 |
ASSOCIATED INDUSTRIES FOR THE BLIND INC PURPOSE: PRODUCTIVITY, TRAINING AND COMPLIANCE | $5,137 |
IFB SOLUTIONS PURPOSE: PRODUCTIVITY, TRAINING AND COMPLIANCE | $40,000 |
WEST TEXAS LIGHTHOUSE FOR THE BLIND PURPOSE: PRODUCTIVITY, TRAINING AND COMPLIANCE | $34,985 |
NEWVIEW OKLAHOMA INC PURPOSE: PRODUCTIVITY, TRAINING AND COMPLIANCE | $37,563 |