South Texas Lighthouse For The Blind
- Assets
- $31.9m
- Revenue
- $5.3m
- Investments
- $2.6m
- Employees
- 222
- Location
- Corpus Christi, TX
- Founding
- 11/1964
- Data as of
- 12/2020
- EIN
- 74-1495894
Organization Overview
South Texas Lighthouse For The Blind is located in Corpus Christi, TX. The organization was established in 1964. 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 12/2021, South Texas Lighthouse For The Blind employed 222 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Texas Lighthouse 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 12/2020, South Texas Lighthouse For The Blind generated $5.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2020. 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
TO PROVIDE EMPLOYMENT AND TRAINING OPPORTUNITIES TO SIGHT-IMPAIRED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPLOYMENT PROVIDED TO SIGHT-IMPAIRED INDIVIDUALS THROUGH THE MANUFACTURING PROCESS AND RETAIL OUTLETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicky Ooi Chief Executive Officer | Officer | 38 | $281,637 |
David Wells VP Of Sales | Officer | 38 | $164,912 |
Denise Perez VP Of Finance | Officer | 40 | $126,853 |
Mary Afuso Imm. Past Chair | OfficerTrustee | 1 | $0 |
Dana Sisk Chair | OfficerTrustee | 1 | $0 |
Tuan Phung Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,451,211 |
| Investment income | $152,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$14,750 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$77,314 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,617,362 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,279,988 |
| 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. | $562,663 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,483,583 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $363,722 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $149,721 |
| Fees for services: Accounting | $22,299 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,156 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,732 |
| Office expenses | $454,970 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $269,569 |
| Travel | $145,311 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,700 |
| Interest | $118,573 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $211,302 |
| Insurance | $266,861 |
| All other expenses | $0 |
| Total functional expenses | $4,746,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,870,760 |
| Savings and temporary cash investments | $3,659,154 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,126,385 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,250,000 |
| Inventories for sale or use | $8,548,442 |
| Prepaid expenses and deferred charges | $229,823 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,574,910 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,484,376 |
| Total assets | $31,893,208 |
| Accounts payable and accrued expenses | $1,726,659 |
| 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 | $4,950,433 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,262,373 |
| Total liabilities | $7,939,465 |
| 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 | $23,953,743 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that South Texas Lighthouse For The Blind has recieved totaling $10,546.
| Awarding Organization | Amount |
|---|---|
John G & Marie Stella Kenedy Memorial Foundation Corpus Christi, TX PURPOSE: Poly Wrapping Machine for Toilet Paper Line | $10,000 |
Klinck Foundation Inc Mcallen, TX PURPOSE: GENERAL FUND | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse For The Blind In New Orleans New Orleans, LA | $20,791,021 | $9,622,051 |
Beacon Lighthouse Inc Wichita Falls, TX | $3,271,118 | $8,876,178 |
East Texas Lighthouse For The Blind Inc Tyler, TX | $45,131,329 | $9,265,830 |
Lighthouse For The Blind Of Houston Houston, TX | $28,697,781 | $5,413,103 |
Knights Templar Eye Foundation Inc Flower Mound, TX | $153,213,107 | $22,979,623 |
South Texas Lighthouse For The Blind Corpus Christi, TX | $31,893,208 | $5,279,988 |
Louisiana Assn For The Blind Inc Shreveport, LA | $31,579,658 | $6,008,985 |
Louisiana Center For The Blind Inc Ruston, LA | $4,006,211 | $2,266,620 |
Southern Eye-Bank Metairie, LA | $10,995,375 | $2,880,299 |
Houston Lighthouse Foundation Inc Houston, TX | $45,366,188 | $2,659,206 |
Louisiana Lions Eye Foundation Inc New Orleans, LA | $1,086,777 | $885,979 |
Oklahoma Lions Sight Conservation Fdn Inc Oklahoma City, OK | $2,429,055 | $2,007,240 |