Vision Loss Resources Inc
- Assets
- $15.0m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 161
- Location
- Minneapolis, MN
- Founding
- 11/1955
- Data as of
- 12/2020
- EIN
- 41-0694713
Organization Overview
Vision Loss Resources Inc is located in Minneapolis, MN. The organization was established in 1955. 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 12/2020, Vision Loss Resources Inc employed 161 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vision Loss Resources 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 12/2020, Vision Loss Resources Inc generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING INDEPENDENT-LIVING SERVICES AND TRAINING, COMMUNITY-BUILDING, OUTREACH AND EDUCATION FOR PEOPLE WHO ARE LOW-VISION, BLIND, OR DEAFBLIND, AND THEIR CAREGIVERS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REHABILITATION CENTER - PROVIDES COMPREHENSIVE TRAINING FOR PEOPLE WITH VISION IMPAIRMENT TO ACHIEVE GREATER INDEPENDENCE AT HOME, WORK, AND SCHOOL, INCLUDING SAFE TRAVEL SKILLS, TECHNOLOGY, BRAILLE, AND TASKS OF DAILY LIVING. IN 2020, 36 STUDENTS PARTICIPATED IN DAILY, WEEKLY, AND ON- DEMAND CLASSES TO ADAPT TO THEIR VISION LOSS.
COMMUNITY SERVICES - PROVIDES INDEPENDENT LIVING SKILLS TRAINING, SOCIAL AND EMOTIONAL SUPPORT, AND COMMUNITY ACTIVITIES FOR PEOPLE WITH VISION LOSS, PRIMARILY SENIORS. IN 2020, OUR SERVICES MOVED TO A VIRTUAL PLATFORM AS IN PERSON VISITS WERE INTERRUPTED DUE TO THE COVID -19 PANDEMIC. 151 PEOPLE THEIR FIRST SERVICE. OVER 140 PEOPLE PARTICIPATED IN 149 SOCIAL ACTIVITIES AND 67 SUPPORT GROUPS SESSION VIA ZOOM.
DEAFBLIND SERVICES MINNESOTA - PROVIDES ONE-TO-ONE SUPPORT SERVICES AND INDEPENDENT LIVING TRAINING TO DEAFBLIND INDIVIDUALS OF ALL AGES, INCLUDING SUPPORT SERVICE PROVIDERS FOR ADULTS, AND INTERVENERS FOR CHILDREN. IN 2020, 83 DEAFBLIND ADULTS AND 45 DEAFBLIND CHILDREN AND YOUTH RECEIVED 4,483 SERVICES TO EMPOWER THEM TO COMMUNICATE WITH OTHERS IN THEIR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Grathwol PHD Ceo/exec Dir | Officer | 40 | $178,943 |
Mauricio Lopez-Suarez Controller | Officer | 40 | $105,505 |
Paul Erdahl Board Chair | OfficerTrustee | 1 | $0 |
Andy Freeman Treasurer | OfficerTrustee | 1 | $0 |
Susan Markey Vice Board C | OfficerTrustee | 1 | $0 |
Mike Treece Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $478,168 |
| Investment income | $41,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $177,071 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $808,427 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,533,994 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,240,406 |
| Pension plan accruals and contributions | $14,770 |
| Other employee benefits | $123,871 |
| Payroll taxes | $85,437 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,195 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $121,039 |
| Advertising and promotion | $5,494 |
| Office expenses | $56,239 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $102,445 |
| Travel | $46,921 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,808 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,153 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,051,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301 |
| Savings and temporary cash investments | $3,153,496 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,773,568 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,323,991 |
| Prepaid expenses and deferred charges | $281,856 |
| Investments—publicly traded securities | $4,357,997 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $189,546 |
| Total assets | $14,973,587 |
| Accounts payable and accrued expenses | $1,016,799 |
| 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 | $690,000 |
| Other liabilities | $84,472 |
| Total liabilities | $1,791,271 |
| 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 | $13,182,316 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Vision Loss Resources Inc has recieved totaling $173,003.
| Awarding Organization | Amount |
|---|---|
Virgil Adkins Life Ins Tr St Cloud, MN PURPOSE: PROGRAM SUPPORT | $25,600 |
Otto Bremer Trust St Paul, MN PURPOSE: GENERAL OPERATIONS | $25,000 |
Anna M Heilmaier Charitable Foundation Milwaukee, WI PURPOSE: GENERAL OPERATING | $25,000 |
Willis C Helm Charitable Tr 07055200 072894 Las Vegas, NV PURPOSE: GENERAL OPERATING | $20,000 |
Vivian E Bomsta Charitable Tua 72992700 Las Vegas, NV PURPOSE: GENERAL OPERATING | $11,000 |
Edwards Memorial Trust Milwaukee, WI PURPOSE: GENERAL OPERATING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vision Loss Resources Inc Minneapolis, MN | $14,973,587 | $2,533,994 |
American Council Of The Blind Of Wisconsin Inc Milwaukee, WI | $56,522 | $241,932 |
J R & Emily Morgan Fund For The Blind And Prevention Of Blindness Milwaukee, WI | $1,983,874 | $407,545 |
Minnesota Guide Dog Breeding Center Ltd Hastings, MN | $1,994,401 | $743,471 |
Dogsinvests Palmyra, WI | $179,179 | $226,161 |
Deaf Can Inc South Saint Paul, MN | $166,612 | $0 |
Wisconsin Lions Birch-Sturm Memorial Fund Inc Rosholt, WI | $8,487,470 | $498,923 |
Wildwood Lions Club Foundation Willernie, MN | $51,084 | $0 |
Schok And Awe Inc Pella, IA | $85,753 | $0 |
Ecenter For Hope And Vision Corp Fond Du Lac, WI | $12,455 | $0 |
Hear To See Iowa City, IA | $4,212 | $0 |
Penny Forward Inc Owatonna, MN | $4,979 | $0 |