Bosma Industries For The Blind Inc, operating under the name Bosma Enterprises, is located in Indianapolis, IN. The organization was established in 1989. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2023, Bosma Enterprises employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bosma Enterprises 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, Bosma Enterprises generated $95.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $90.1m during the year ending 06/2023. While expenses have increased by 4.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BOSMA ENTERPRISES, CREATING OPPORTUNITIES FOR INDIVIDUALS WHO ARE BLIND OR VISUALLY IMPAIRED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOSMA'S MISSION IS TO CREATE OPPORTUNITIES FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED. THIS IS PRIMARILY ACCOMPLISHED BY PROVIDING EMPLOYMENT OPPORTUNITIES THROUGH MANUFACTURING AND SERVICE OPERATIONS. THE ORGANIZATION IS INDIANA'S LARGEST EMPLOYER OF PEOPLE WHO ARE BLIND WITH OVER 50% OF BOSMA'S 170-PERSON WORKFORCE BEING BLIND OR VISUALLY IMPAIRED. BOSMA HAS ALSO DEVELOPED VOCATIONAL ASSESSMENT AND SKILLS TRAINING FOR THESE INDIVIDUALS IN ADDITION TO VISION REHABILITATION PROGRAMS CREATING GREATER OPPORTUNITIES FOR UPWARD MOBILITY OR EMPLOYMENT AT OTHER COMPANIES IN THE COMMUNITY. BOSMA'S EMPLOYEES HAVE PACKAGED AND SHIPPED OVER 575 MILLION EXAM AND SURGICAL GLOVES AND 240,000 KITS TO OVER 700 LOCATIONS WORLDWIDE WITH A 99.9% ACCURACY RATE.
BOSMA, THROUGH ITS CENTER FOR VISIONARY SOLUTIONS, IS INDIANA'S LARGEST PROVIDER OF COMPREHENSIVE VISION REHABILITATION PROGRAMS. THESE PROGRAMS PROVIDE SKILLS NEEDED FOR AN INDIVIDUAL TO LIVE INDEPENDENTLY. THESE PROGRAMS SERVE NEARLY 900 HOOSIERS EACH YEAR. BOSMA PROVIDES IN-HOME COMMUNITY-BASED SERVICES SERVING OVER 550 SENIORS TEACHING THEM SKILLS TO BE INDEPENDENT IN THEIR HOME FROM SAFELY COOKING TO MANAGING HOUSEHOLD ITEMS LIKE MEDICATIONS AND BILLS. THE PROGRAM IS ALSO EXPANDING TO SERVE MORE INDIVIDUALS THROUGH VIRTUAL AND GROUP TRAINING AT SENIOR CENTERS AND OTHER COMMUNITY ORGANIZATIONS. EMPLOYMENT IS A MAJOR CHALLENGE FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED. IN FACT, 70% ARE NOT EMPLOYED. BOSMA'S COMMUNITY EMPLOYMENT SERVICES HELPED 141 PEOPLE WITH SKILLS NEEDED TO FIND GAINFUL EMPLOYMENT FROM RESUME WRITING AND INTERVIEWING TO ENSURING A WORKSPACE IS ACCESSIBLE WITH TOOLS LIKE SOFTWARE. BOSMA'S CENTER-BASED SERVICES IS A 3-5 MONTH RESIDENTIAL COMPREHENSIVE TRAINING PROGRAMS THAT SERVED NEARLY 200 PEOPLE. CLIENTS COME TO BOSMA'S REHABILITATION CENTER LOCATED IN NORTHWEST INDIANAPOLIS TO LEARN HOW TO LIVE LIFE AS SOMEONE WITH VISION LOSS. THEY LEARN SKILLS LIKE HOW TO COOK AND CLEAN, USING TEXT-TO-SPEECH SOFTWARE, NAVIGATING AN ENVIRONMENT SAFELY WITH TOOLS LIKE A WHITE CANE. BOSMA'S CENTER ALSO SERVES AS A CLEARING HOUSE FOR PEOPLE TO CALL TO FIND OUT MORE INFORMATION ABOUT AVAILABLE RESOURCES THROUGH BOSMA AND OTHER AGENCIES. LAST YEAR, THE TEAM RESPONDED TO NEARLY 1,500 REQUESTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeffrey Mittman President/ce | Officer | 40 | $454,115 |
Teresa Watson CFO | Officer | 40 | $226,706 |
Dana Werner Chief Oper. | Officer | 40 | $240,570 |
Jay Geshay Cso | Officer | 40 | $231,706 |
Douglas Pingel VP Operation | Officer | 40 | $223,847 |
Steven Fredwell Term Date 8522 VP Of Com. | 40 | $220,863 |
Statement of Revenue | |
---|---|
Federated campaigns | $78,059 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $181,228 |
Government grants | $198,746 |
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 | $458,033 |
Total Program Service Revenue | $93,828,706 |
Investment income | $790,046 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $64,209 |
Net Gain/Loss on Asset Sales | $13,848 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $95,312,471 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $784,512 |
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. | $2,383,901 |
Compensation of current officers, directors, key employees. | $1,603,650 |
Compensation to disqualified persons | $960,184 |
Other salaries and wages | $3,776,871 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $2,115,289 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $235,319 |
Fees for services: Accounting | $84,179 |
Fees for services: Lobbying | $164,697 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $27,815 |
Fees for services: Other | $0 |
Advertising and promotion | $741,427 |
Office expenses | $153,908 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $478,793 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $107,024 |
Interest | $25 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $618,436 |
Insurance | $115,670 |
All other expenses | $1,093,593 |
Total functional expenses | $90,076,900 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $48,382,905 |
Savings and temporary cash investments | $859,800 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $6,543,486 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $16,856,548 |
Prepaid expenses and deferred charges | $539,489 |
Net Land, buildings, and equipment | $12,289,572 |
Investments—publicly traded securities | $7,551,982 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $988,833 |
Total assets | $94,012,615 |
Accounts payable and accrued expenses | $6,536,205 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $976,511 |
Total liabilities | $7,512,716 |
Net assets without donor restrictions | $86,499,899 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $94,012,615 |
Over the last fiscal year, Bosma Industries For The Blind Inc has awarded $896,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
BOSMA VISIONARY OPPORTUNITIES FDN | | | $746,000 |
ENVISION FOUNDATION PURPOSE: REHABILITATION | $150,000 |