East Texas Lighthouse For The Blind Inc
- Assets
- $48.7m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 79
- Location
- Tyler, TX
- Founding
- 12/1976
- Data as of
- 09/2023
- EIN
- 75-1518083
Organization Overview
East Texas Lighthouse For The Blind Inc is located in Tyler, TX. The organization was established in 1976. 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 09/2023, East Texas Lighthouse For The Blind Inc employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Texas Lighthouse For The Blind 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 09/2023, East Texas Lighthouse For The Blind Inc generated $8.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $7.4m during the year ending 09/2023. While expenses have increased by 1.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING BLIND AMERICANS THROUGH REHABILITATION, EDUCATION, TRAINING, AND EMPLOYMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
REHABILITATION SERVICES - FURTHERS THE MISSION OF THE ORGANIZATION THROUGH THE FOLLOWING SUB-PROGRAMS: EAST TEXAS LIGHTHOUSE FOR THE BLIND SCHOLARSHIP PROGRAM, CLIENT SERVICES, LOW VISION AIDS STORE. THE SCHOLARSHIP COMMITTEE SUBSIDIZES ADAPTIVE TECHNOLOGY PURCHASES AND PROVIDES SCHOLARSHIPS FOR POST-SECONDARY EDUCATION FOR BLIND AND VISUALLY IMPAIRED PERSONS. CLIENT SERVICES PROVIDES REHABILITATION AND TRAINING SERVICES TO BLIND AND VISUALLY IMPAIRED PERSONS TO ASSIST THEM IN BECOMING MORE SELF-SUFFICIENT. LOW VISION AIDS STORE PROVIDES ADDITIONAL EMPLOYMENT OPPORTUNITIES FOR ADULTS WHO ARE BLIND OR VISUALLY IMPAIRED. THE STORE SERVES THE BLIND COMMUNITY BY PROVIDING INCREASED ACCESS TO SPECIALTY LOW-VISION AIDS. IN 2023, 516 CLIENTS WERE SERVED, 393 EYE EXAMS WERE PROVIDED, 377 PAIRS OF GLASSES WERE GIVEN OUT, $40,309 WORTH OF SCHOLARSHIPS WERE GRANTED AND 77 GRANTS FOR ADAPTIVE EQUIPMENT WORTH $28,695 WERE ISSUED.
MANUFACTURING EMPLOYMENT - FURTHERS THE MISSION OF THE ORGANIZATION THROUGH THE FOLLOWING SUB-PROGRAMS: HORIZON INDUSTRIES, LIGHTHOUSE GRAPHICS. HORIZON INDUSTRIES PROVIDES EMPLOYMENT FOR ADULTS WHO ARE BLIND OR VISUALLY IMPAIRED. LIGHTHOUSE GRAPHICS PROVIDES VOCATIONAL TRAINING AND EMPLOYMENT FOR ADULTS WHO ARE BLIND OR VISUALLY IMPAIRED. LIGHTHOUSE GRAPHICS PRODUCES AND SELLS CUSTOM PRINTED AND EMBROIDERED CLOTHING. IN THE FISCAL YEAR 2023, 60 PEOPLE WERE EMPLOYED AT HORIZON MANUFACTURING (NOT INCLUDED IN THAT NUMBER ARE: 5 TERMINATED EMPLOYEES AND 1 RETIRED EMPLOYEE), WITH SALES OF $18,332,484.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zelton Harvey Jr Director | Trustee | 4 | $0 |
Brian Mccabe Treasurer | OfficerTrustee | 16 | $0 |
Ron Shaffer Chairman | OfficerTrustee | 4 | $0 |
Kent Harris Past Chairman | OfficerTrustee | 4 | $0 |
Rea Boudreaux Vice Chairman | OfficerTrustee | 16 | $0 |
Clay Dickeson Secretary | Trustee | 4 | $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 | $32,270 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,270 |
| Total Program Service Revenue | $47,470 |
| Investment income | $789,563 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $256,534 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,910,019 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,035,856 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $69,004 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,432,477 |
| Compensation of current officers, directors, key employees. | $1,074,358 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,962,361 |
| Pension plan accruals and contributions | $135,933 |
| Other employee benefits | $666,834 |
| Payroll taxes | $220,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $122,760 |
| Fees for services: Other | $188,046 |
| Advertising and promotion | $84,646 |
| Office expenses | $42,250 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $113,858 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $370 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $822,400 |
| Insurance | $110,214 |
| All other expenses | $266,030 |
| Total functional expenses | $7,380,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,532,400 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,219,735 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,198,205 |
| Prepaid expenses and deferred charges | $138,273 |
| Net Land, buildings, and equipment | $7,966,359 |
| Investments—publicly traded securities | $28,414,691 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $208,151 |
| Total assets | $48,677,814 |
| Accounts payable and accrued expenses | $2,144,479 |
| 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 | $10,913 |
| Other liabilities | $0 |
| Total liabilities | $2,155,392 |
| Net assets without donor restrictions | $46,522,422 |
| 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 | $48,677,814 |