Penrickton Center For Blind Children
- Assets
- $13.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 54
- Location
- Taylor, MI
- Founding
- 09/1956
- Data as of
- 08/2022
- EIN
- 38-1471325
Organization Overview
Penrickton Center For Blind Children is located in Taylor, MI. The organization was established in 1956. 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. As of 08/2022, Penrickton Center For Blind Children employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penrickton Center For Blind Children 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 08/2022, Penrickton Center For Blind Children generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $2.6m during the year ending 08/2022. While expenses have increased by 2.5% 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
RESIDENTIAL, DAY CARE, AND CONSULTATION/EVALUATION SERVICES TO BLIND, MULTI-DISABLED CHILDREN TO PROMOTE INDEPENDENCE IN ALL ASPECTS OF DAILY LIVING. PROVIDE EDUCATION TO THE PUBLIC ON BLINDNESS AND DISABILITY IN CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL AND DAY CARE OF BLIND, MULTI-DISABLED CHILDREN AND PUBLIC EDUCATION REGARDING BLINDNESS AND DISABILITY IN CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt M Sebaly Executive Di | Officer | 40 | $150,633 |
Patricia Obrzut Executive Di | Officer | 40 | $125,317 |
Skip Armstrong Trustee | Trustee | 1 | $0 |
Greg Bader President | OfficerTrustee | 1 | $0 |
Robert L Bobee Trustee | Trustee | 1 | $0 |
Robert Cooney Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $161,453 |
| Related organizations | $0 |
| Government grants | $166,281 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,666,008 |
| Noncash contributions included in lines 1a–1f | $48,158 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,993,742 |
| Total Program Service Revenue | $0 |
| Investment income | $507,541 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$81,950 |
| Net Income from Fundraising Events | -$23,033 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,396,300 |
| 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. | $312,330 |
| Compensation of current officers, directors, key employees. | $14,017 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,050,408 |
| Pension plan accruals and contributions | $37,834 |
| Other employee benefits | $161,182 |
| Payroll taxes | $107,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,239 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,303 |
| Advertising and promotion | $0 |
| Office expenses | $312,255 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $131,822 |
| Travel | $13,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,033 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,523 |
| Insurance | $100,903 |
| All other expenses | $0 |
| Total functional expenses | $2,554,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,325 |
| Savings and temporary cash investments | $86,340 |
| Pledges and grants receivable | $670,686 |
| 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 | $38,803 |
| Net Land, buildings, and equipment | $2,550,892 |
| Investments—publicly traded securities | $9,551,087 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,124,133 |
| Accounts payable and accrued expenses | $95,430 |
| Grants payable | $0 |
| Deferred revenue | $10,535 |
| 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 | $0 |
| Total liabilities | $105,965 |
| Net assets without donor restrictions | $12,330,320 |
| Net assets with donor restrictions | $687,848 |
| 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 | $13,124,133 |