Hadley Institute For The Blind And Visually Impaired
- Assets
- $99.2m
- Revenue
- $15.7m
- Investments
- $25.9m
- Employees
- 73
- Location
- Winnetka, IL
- Founding
- 10/1954
- Data as of
- 06/2022
- EIN
- 36-2183809
Organization Overview
Hadley Institute For The Blind And Visually Impaired is located in Winnetka, IL. The organization was established in 1954. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Hadley Institute For The Blind And Visually Impaired employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hadley Institute For The Blind And Visually Impaired 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 06/2022, Hadley Institute For The Blind And Visually Impaired generated $15.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $9.7m during the year ending 06/2022. While expenses have increased by 5.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HADLEY CREATES PERSONALIZED LEARNING OPPORTUNITIES THAT EMPOWER ADULTS WITH VISION LOSS OR BLINDNESS TO THRIVE AT HOME, AT WORK AND IN THEIR COMMUNITIES. WE PROVIDE PRACTICAL HELP FOR OLDER ADULTS WHO ARE ADJUSTING TO VISION LOSS, AND WE ARE A POINT OF CONNECTION FOR PEOPLE WHO ARE ISOLATED AS A RESULT OF VISION LOSS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEOPLE EXPERIENCING VISION LOSS TURN TO HADLEY FOR PRACTICAL, PERSONALIZED LEARNING. CURRENTLY, THERE ARE NEARLY FIVE HUNDRED ONLINE WORKSHOPS, DISCUSSION GROUPS, AND PODCASTS THAT LEARNERS CAN ACCESS ON HADLEY.EDU. WORKSHOPS ARE 5- TO 10- MINUTE INTERACTIVE VIDEO SEGMENTS SO PEOPLE CAN LEARN WHENEVER AND WHEREVER IT'S MOST CONVENIENT FOR THEM. EXAMPLES OF WORKSHOP TOPICS INCLUDE HOW TO SAFELY PREPARE FOOD, LABEL MEDICATION BOTTLES, OR USE THE LOW VISION FEATURES ON A SMARTPHONE TO READ EMAIL. HADLEY IS THE WORLD'S LARGEST EDUCATOR OF BRAILLE AND PROVIDER OF DISTANCE EDUCATION FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED. WITH THE NUMBER OF PEOPLE, PRIMARILY OLDER ADULTS, WHO ARE BLIND OR VISUALLY IMPAIRED EXPECTED TO MORE THAN DOUBLE IN THE COMING DECADES TO NEARLY 9 MILLION BY 2050 (NATIONAL EYE INSTITUTE), HADLEY IS MORE RELEVANT THAN EVER. IN FY22, HADLEY SERVED LEARNERS AROUND THE WORLD, IN ALL 50 STATES AND 100 COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie S Tye President | OfficerTrustee | 38 | $266,024 |
Brooke H Voss Vice President | Officer | 38 | $179,827 |
Mary P Nelson Chief Operating Officer | Officer | 38 | $139,338 |
Joan Jaeger Chief Marketing Officer | 38 | $137,061 | |
Edwin Haines Chief Program Officer | 38 | $128,695 | |
Susan Thompson Chief Human Resources Offi | 38 | $127,655 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $846,993 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,394,466 |
| Noncash contributions included in lines 1a–1f | $575,874 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,241,459 |
| Total Program Service Revenue | $59,091 |
| Investment income | $2,471,070 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,972,863 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,744,483 |
| 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. | $1,312,412 |
| Compensation of current officers, directors, key employees. | $345,522 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,185,621 |
| Pension plan accruals and contributions | $237,949 |
| Other employee benefits | $572,604 |
| Payroll taxes | $360,413 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,476 |
| Fees for services: Accounting | $29,639 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $810,211 |
| Fees for services: Other | $386,942 |
| Advertising and promotion | $664,367 |
| Office expenses | $21,817 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,964 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $83,450 |
| Interest | $154,846 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $460,359 |
| Insurance | $67,411 |
| All other expenses | $276,730 |
| Total functional expenses | $9,741,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $725,540 |
| Savings and temporary cash investments | $509,841 |
| Pledges and grants receivable | $187,394 |
| Accounts receivable, net | $3,500 |
| 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 | $237,503 |
| Net Land, buildings, and equipment | $9,060,386 |
| Investments—publicly traded securities | $62,598,508 |
| Investments—other securities | $25,902,130 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $99,224,802 |
| Accounts payable and accrued expenses | $761,261 |
| 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 | $6,336,515 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,008 |
| Total liabilities | $7,102,784 |
| Net assets without donor restrictions | $85,915,311 |
| Net assets with donor restrictions | $6,206,707 |
| 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 | $99,224,802 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Hadley Institute For The Blind And Visually Impaired has recieved totaling $399,212.
| Awarding Organization | Amount |
|---|---|
Lavelle Fund For The Blind Inc New York, NY PURPOSE: #21-21: BRAILLE FOR EVERYDAY USE, A TACTILE BRAILLE WORKSHOP SERIES FOR PEOPLE WITH VISION LOSS | $225,000 |
Organization Name not Listed PURPOSE: PROMOTE INDEPENDENCE | | $52,900 |
Readers Digest Partners For Sight Foundation Mt Kisco, NY PURPOSE: BRAILLE FOR EVERYDAY USE | $50,000 |
Dr Scholl Foundation Northbrook, IL PURPOSE: LEARNING RESOURCES FOR PEOPLE WITH SIGHT LOSS | $10,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $10,000 |
Hoover Foundation Vero Beach, FL PURPOSE: UNRESTRICTED | $10,000 |
Endowment Analysis
| Beg. Balance | $103,809,093 |
| Earnings | -$8,880,818 |
| Net Contributions | $133,255 |
| Other Expense | $5,111,360 |
| Ending Balance | $89,950,170 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leslie Shankman School Corporation Chicago, IL | $18,541,071 | $14,894,001 |
La Causa Inc Milwaukee, WI | $21,522,910 | $16,623,620 |
Gibault Inc Terre Haute, IN | $35,353,670 | $13,928,805 |
Giant Steps Illinois Inc Lisle, IL | $11,784,298 | $12,524,007 |
Chileda Institute Inc La Crosse, WI | $16,643,719 | $12,257,585 |
Park Lawn School And Activity Center Oak Lawn, IL | $3,052,012 | $10,616,192 |
Cove School Inc Northbrook, IL | $12,796,735 | $10,362,338 |
Hadley Institute For The Blind And Visually Impaired Winnetka, IL | $99,224,802 | $15,744,483 |
Sycamore School Inc Indianapolis, IN | $14,641,130 | $8,887,687 |
Keshet Northbrook, IL | $16,526,441 | $12,193,321 |
Miriam Foundation St Louis, MO | $35,729,458 | $12,133,437 |
Science And Arts Academy Des Plaines, IL | $14,489,626 | $8,495,124 |