W R Torres Foundation For The Blind
- Assets
- $21.4k
- Revenue
- $44.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Silver Spring, MD
- Founding
- 08/2001
- Data as of
- 06/2022
- EIN
- 52-2196534
Organization Overview
W R Torres Foundation For The Blind is located in Silver Spring, MD. The organization was established in 2001. According to its NTEE Classification (Q21) the organization is classified as: International Cultural Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, W R Torres Foundation For The Blind employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. W R Torres Foundation For The Blind 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, W R Torres Foundation For The Blind generated $44.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $43.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (17.8%) per year over the past 7 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 PROVIDE ASSISTED COMPUTER TECHNOLOGY AND OTHER SUPPORT SERVICES TO THE BLIND AND VISUALLY IMPAIRED
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ASSISTED COMPUTER TECHNOLOGY AND OTHER SUPPORT SERVICES TO THE BLIND AND VISUALLY IMPAIRED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ancil Torres President | OfficerTrustee | 40 | $4,564 |
Allison Questel Treasurer | Officer | 5 | $0 |
Joan Basalik Secretary | Officer | 1 | $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 | $7,599 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,599 |
| Total Program Service Revenue | $15,498 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,746 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,843 |
| 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 | $12,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,564 |
| Compensation of current officers, directors, key employees. | $1,597 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,994 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,126 |
| Advertising and promotion | $0 |
| Office expenses | $14,739 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,900 |
| 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 | $43,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,016 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,180 |
| 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 | $2,164 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,360 |
| Accounts payable and accrued expenses | $28,832 |
| 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 | $9,640 |
| Other liabilities | $0 |
| Total liabilities | $38,472 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $21,360 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that W R Torres Foundation For The Blind has recieved totaling $17.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Turquoise Mountain Foundation Washington, DC | $249,837 | $2,268,147 |
Atlas Service Corps Inc Washington, DC | $2,594,418 | $2,385,628 |
Corporate Council On Africa Washington, DC | $419,162 | $1,976,893 |
Japan-America Society Of Washington Inc Washington, DC | $1,754,963 | $796,032 |
Franklin Center For Global Policy Exchange Washington, DC | $5,390,724 | $1,282,603 |
Overseas Korean Cultural Heritage Foundation Usa Washington, DC | $0 | $371,909 |
Ambazonia Foundation Owings Mills, MD | $11,185 | $636,790 |
Us Center For Chinese Medicine By Bucm Incorporated Rockville, MD | $203,557 | $568,441 |
International Society For Third Sector Research Inc Baltimore, MD | $1,318,848 | $480,141 |
Friends Of The Goethe - Institut In Washington Dc Washington, DC | $96,842 | $0 |
Syriana Ellicott City, MD | $57,567 | $133,797 |
Friends Of The House Of Sweden Washington, DC | $187,202 | $171,702 |