The Seeing Eye Inc
- Assets
- $422.4m
- Revenue
- $45.8m
- Investments
- $101.2m
- Employees
- 260
- Location
- Morristown, NJ
- Founding
- 01/1935
- Data as of
- 09/2021
- EIN
- 22-1539721
Organization Overview
The Seeing Eye Inc is located in Morristown, NJ. The organization was established in 1935. 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, Seeing Eye Inc employed 260 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seeing Eye 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, Seeing Eye Inc generated $45.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $27.9m during the year ending 09/2021. While expenses have increased by 0.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
HELP BLIND PEOPLE ACHIEVE GREATER INDEPENDENCE THROUGH SEEING EYE DOGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
PUBLIC AND INFORMATION SERVICES: THROUGH THIS PROGRAM WE DISSEMINATE INFORMATION TO PROMOTE GREATER PUBLIC UNDERSTANDING AND WIDER ACCEPTANCE IN SOCIETY FOR BLIND INDIVIDUALS ACCOMPANIED BY TRAINED GUIDE DOGS, THROUGH THE USE OF SOCIAL MEDIA, TELEVISION, RADIO, FILMS, EXHIBITS, BOOKS, MAGAZINES, SEMINARS AND NEWSPAPERS. THESE PROGRAM SERVICES ALSO INCLUDE DISTRIBUTION OF INFORMATION HELPFUL TO PEOPLE WHO ARE BLIND AND VISUALLY IMPAIRED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hugh A Dandrade ESQ Trustee Emeritus | Trustee | 0 | $0 |
Thomas Duffy Trustee Emeritus | Trustee | 0 | $0 |
Margaret E Howard D Litt President & CEO | OfficerTrustee | 50 | $268,076 |
Vivek Sawhney Board Of Trustees (eff 01/23) | Trustee | 0.3 | $0 |
Karon C Bales Cs Tep Board Of Trustees | Trustee | 0.5 | $0 |
The Honorable Thomas H Kean Board Of Trustees | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fuse Fundraising Direct Mail | 9/29/23 | $711,707 |
Edgemark Partner Inc Direct Mail | 9/29/23 | $368,394 |
Concord Direct Direct Mail | 9/29/23 | $327,282 |
Securitas Security Services Security | 9/29/23 | $289,116 |
Amplifi Direct Mail | 9/29/23 | $271,064 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,162,988 |
| Investment income | $4,122,620 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,594 |
| Net Gain/Loss on Asset Sales | $23,328,204 |
| Net Income from Fundraising Events | $32,663 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$10,793 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,760,267 |
| Statement of Expenses | |
|---|---|
| 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. | $980,869 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,199,291 |
| Pension plan accruals and contributions | $1,746,972 |
| Other employee benefits | $3,141,345 |
| Payroll taxes | $765,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,630 |
| Fees for services: Accounting | $76,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $141,000 |
| Fees for services: Investment Management | $118,191 |
| Fees for services: Other | $1,064,178 |
| Advertising and promotion | $0 |
| Office expenses | $350,862 |
| Information technology | $302,127 |
| Royalties | $0 |
| Occupancy | $1,052,275 |
| Travel | $324,954 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $720 |
| Interest | $1,379,128 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,328,468 |
| Insurance | $304,984 |
| All other expenses | $0 |
| Total functional expenses | $27,931,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,224,664 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $35,833 |
| Accounts receivable, net | $0 |
| 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 | $243,543 |
| Investments—publicly traded securities | $238,498,145 |
| Investments—other securities | $101,219,970 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,384,959 |
| Total assets | $422,421,242 |
| Accounts payable and accrued expenses | $2,350,934 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $35,237,428 |
| 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 | $2,262,816 |
| Other liabilities | $17,238,892 |
| Total liabilities | $57,090,070 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $365,331,172 |