Associated Blind Foundation Inc
- Assets
- $6.7m
- Revenue
- $6.3m
- Investments
- $6.1m
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 46-3503271
Organization Overview
Associated Blind Foundation Inc is located in Garden City, NY. The organization was established in 2014. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Associated Blind Foundation 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 12/2021, Associated Blind Foundation Inc generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 64.4% each year . All expenses for the organization totaled $20.9k during the year ending 12/2021. While expenses have increased by 45.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FUND SOCIAL SERVICES AND PARTICIPATE IN THE DEVELOPEMENT OF AFFORDABLE HOURSING SPECIFICALLY RELATED TO THE BLIND POPULATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FUND SOCIAL SERVICES AND PARTICIPATE IN THE DEVELOPEMENT OF AFFORDABLE HOUSING SPECIFICALLY RELATED TO THE BLIND POPULATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Leonard Secretary | OfficerTrustee | 2 | $0 |
Donald Smith President & Treasurer | OfficerTrustee | 2 | $0 |
Joseph Malewich Vice President | OfficerTrustee | 2 | $0 |
Ken Sidlowski Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,860,705 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,860,705 |
| Total Program Service Revenue | $40,439 |
| Investment income | $52,979 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $305,287 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,259,410 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,300 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,572 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $20,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $405,793 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $99,366 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,135,073 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,867 |
| Total assets | $6,670,099 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $6,670,099 |
| Total liabilities and net assets/fund balances | $6,670,099 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Eye Institute Inc Boston, MA | $2,635,447 | $7,537,793 |
Fidelco Guide Dog Foundation Inc Bloomfield, CT | $16,448,832 | $3,934,053 |
Jewish Guild For The Blind New York, NY | $68,568,868 | $9,629,979 |
Guide Dog Foundation For The Blind Inc Smithtown, NY | $48,826,109 | $13,918,395 |
Blind And Vision Rehabilitation Services Of Pittsburgh Pittsburgh, PA | $25,679,147 | $6,285,945 |
Westmoreland County Blind Association Greensburg, PA | $14,981,465 | $5,292,984 |
Lighthouse Inc Philadelphia, PA | $2,081,497 | $3,206,169 |
Visionlink Bensalem, PA | $17,778,365 | $2,300,660 |
Sights For Hope Allentown, PA | $1,892,780 | $1,212,995 |
The Sight Center Of Northwest Pennsylvania Erie, PA | $3,599,620 | $1,246,927 |
Visioncorps Foundation Lancaster, PA | $0 | $1,039,042 |
Service Dog Project Inc Ipswich, MA | $1,017,552 | $1,236,759 |