Michigan Braille Trans Fund Inc
- Assets
- $3.2m
- Revenue
- $849.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Jackson, MI
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 38-3387837
Organization Overview
Michigan Braille Trans Fund Inc is located in Jackson, MI. The organization was established in 1998. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2022, Michigan Braille Trans Fund Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Braille Trans Fund 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 12/2022, Michigan Braille Trans Fund Inc generated $849.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $989.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 8 years. 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
TO PRODUCE THE BEST BRAILLE MATERIALS ESSENTIAL FOR THE EDUCATIONAL NEEDS AND PURSUIT OF INDEPENDENCE FOR THE BLIND AND VISUALLY IMPAIRED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO TRANSCRIBE BOOKS AND OTHER MATERIAL INTO BRAILLE AS REQUESTED BY SCHOOLS AND SOCIAL SERVICE AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Olmstead Ceo/pres. | Officer | 40 | $116,290 |
Michael Brown Vice Chairma | OfficerTrustee | 1 | $0 |
David Desnoyer Secretary | OfficerTrustee | 1 | $0 |
Richard Foust Treasurer | OfficerTrustee | 1 | $0 |
Philip Hoffman Chairman | OfficerTrustee | 1 | $0 |
Roger Chard Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,543 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,740 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,283 |
| Total Program Service Revenue | $740,895 |
| Investment income | $34,076 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $849,254 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $266,036 |
| Pension plan accruals and contributions | $26,839 |
| Other employee benefits | $0 |
| Payroll taxes | $26,252 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $900 |
| Fees for services: Accounting | $12,217 |
| Fees for services: Lobbying | $14,700 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,828 |
| Fees for services: Other | $312,805 |
| Advertising and promotion | $0 |
| Office expenses | $33,199 |
| Information technology | $24,322 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,312 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,834 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $565,113 |
| Insurance | $0 |
| All other expenses | -$428,480 |
| Total functional expenses | $989,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $225,889 |
| Pledges and grants receivable | $71,740 |
| Accounts receivable, net | $171,961 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $51,024 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $110,629 |
| Investments—publicly traded securities | $1,772,252 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $836,568 |
| Other assets | $0 |
| Total assets | $3,240,063 |
| Accounts payable and accrued expenses | $79,180 |
| Grants payable | $0 |
| Deferred revenue | $34,850 |
| 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 | $114,030 |
| Net assets without donor restrictions | $3,126,033 |
| 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 | $3,240,063 |
Grants Awarded
Over the last fiscal year, Michigan Braille Trans Fund Inc has awarded $33,666 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lapeer, MI PURPOSE: SET UP ENDOWMENT | $25,000 |
Livonia, MI PURPOSE: PROGRAM SUPPORT | $8,666 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Macomb Oakland Regional Center Inc Clinton Township, MI | $34,712,756 | $87,127,217 |
Ohio Living Holdings Westerville, OH | $9,052,370 | $48,267,325 |
Newcap Inc Oconto, WI | $18,167,211 | $33,388,655 |
Life Circles Muskegon, MI | $20,352,108 | $31,605,005 |
Independence First Inc Milwaukee, WI | $17,159,948 | $27,006,891 |
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |
Training & Treatment Innovations Inc Oxford, MI | $4,219,988 | $19,202,444 |
Michigan Community Services Inc Swartz Creek, MI | $9,785,401 | $17,419,566 |
Buckeye Plain Ministry Group Middlefield, OH | $4,397,089 | $15,353,471 |
Bridgeway Academy Columbus, OH | $11,163,009 | $12,055,177 |
Community Living Alliance Inc Madison, WI | $5,997,811 | $9,392,799 |
Consumer Services Inc Mason, MI | $3,818,010 | $9,133,531 |