Braille Institute Of America Inc
- Assets
- $250.5m
- Revenue
- $37.7m
- Investments
- $1.3m
- Employees
- 214
- Location
- Los Angeles, CA
- Founding
- 09/1963
- Data as of
- 06/2022
- EIN
- 95-1641426
Organization Overview
Braille Institute Of America Inc is located in Los Angeles, CA. The organization was established in 1963. 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 06/2022, Braille Institute Of America Inc employed 214 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Braille Institute Of America 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 06/2022, Braille Institute Of America Inc generated $37.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $21.3m during the year ending 06/2022. 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 ELIMINATE BARRIERS CAUSED BY BLINDNESS AND SEVERE SIGHT LOSS". SEE ATTACHED FEDERAL SUPPLEMENTAL INFORMATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED FEDERAL SUPPLEMENTAL INFORMATION PAGE 1, PART III - LINE 4A
SEE ATTACHED FEDERAL SUPPLEMENTAL INFORMATION PAGE 1, PART III - LINE 4B
SEE ATTACHED FEDERAL SUPPLEMENTAL INFORMATION PAGE 2, PART III - LINE 4C
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Mindnich President | Officer | 38 | $371,803 |
Gary Jimenez VP Development | 38 | $220,199 | |
Rezaur Rahman CFO | Officer | 38 | $216,850 |
Anthony Taketa Secretary | Officer | 38 | $213,047 |
Sandy Shin VP Mark. & Commun. | 38 | $174,346 | |
Maria Valdivia VP Technology | 38 | $158,313 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ab Data Ltd Direct Mail Services | 6/29/22 | $559,472 |
Olympic Maintenance Cleaning Services | 6/29/22 | $233,865 |
Datasparc Inc Software Maintenance Serv | 6/29/22 | $164,987 |
Fm Thomas Air Conditioning Air Conditioning Service | 6/29/22 | $156,928 |
Adco Roofing In Roof Maintenance Serv | 6/29/22 | $174,975 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,445 |
| Related organizations | $0 |
| Government grants | $1,355,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,402,845 |
| Noncash contributions included in lines 1a–1f | $19,193 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,762,790 |
| Total Program Service Revenue | $0 |
| Investment income | $4,635,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,705,545 |
| Net Rental Income | $25,451 |
| Net Gain/Loss on Asset Sales | $12,501,882 |
| Net Income from Fundraising Events | $36,320 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,676,823 |
| 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. | $1,584,092 |
| Compensation of current officers, directors, key employees. | $829,485 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,677,436 |
| Pension plan accruals and contributions | $593,421 |
| Other employee benefits | $1,126,890 |
| Payroll taxes | $815,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,458 |
| Fees for services: Accounting | $144,050 |
| Fees for services: Lobbying | $37,500 |
| Fees for services: Fundraising | $105,500 |
| Fees for services: Investment Management | $29,686 |
| Fees for services: Other | $567,162 |
| Advertising and promotion | $0 |
| Office expenses | $148,691 |
| Information technology | $463,021 |
| Royalties | $0 |
| Occupancy | $1,571,128 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $157,631 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,084,512 |
| Insurance | $287,462 |
| All other expenses | $229,913 |
| Total functional expenses | $21,348,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $475,555 |
| Savings and temporary cash investments | $902,877 |
| Pledges and grants receivable | $50,847 |
| Accounts receivable, net | $26,676 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $33,195 |
| Prepaid expenses and deferred charges | $163,898 |
| Net Land, buildings, and equipment | $22,370,538 |
| Investments—publicly traded securities | $220,696,854 |
| Investments—other securities | $1,296,003 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,496,869 |
| Total assets | $250,513,312 |
| Accounts payable and accrued expenses | $3,327,094 |
| 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 | $4,203,492 |
| Total liabilities | $7,530,586 |
| Net assets without donor restrictions | $201,263,925 |
| Net assets with donor restrictions | $41,718,801 |
| 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 | $250,513,312 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Braille Institute Of America Inc has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Julia Stearns Dockweiler Charitable Foundation Los Angeles, CA PURPOSE: NEW CONSTRUCTION | $20,000 |
La Vista Club For The Sightless Inc Santa Barbara, CA PURPOSE: PROVIDE ASSISTANCE TO ORGANIZATIONS ASSISTING THE BLIND AND/OR HANDICAPPED | $10,000 |
J A Daley Iii Foundation Glendale, CA PURPOSE: EDUCATION AND SERVICES | $5,000 |
Endowment Analysis
| Beg. Balance | $29,685,410 |
| Earnings | -$254,169 |
| Net Contributions | $25,018 |
| Ending Balance | $29,456,259 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Guide Dogs For The Blind Inc San Rafael, CA | $528,074,429 | $68,313,172 |
Wayfinder Family Services Los Angeles, CA | $65,603,517 | $46,169,493 |
Braille Institute Of America Inc Los Angeles, CA | $250,513,312 | $37,676,823 |
Lighthouse For The Blind And Visually Impaired San Francisco, CA | $222,651,158 | $23,057,296 |
International Guiding Eyes Inc Sylmar, CA | $60,204,167 | $13,395,649 |
Nevada Blind Childrens Foundation Henderson, NV | $4,294,876 | $1,259,321 |
Guide Dogs Of Hawaii Adaptive Aids Canines & Advocacy For The Blind Honolulu, HI | $595,120 | $644,968 |
Inland Empire Lighthouse For The Blind Inc San Bernardino, CA | $10,473,551 | $477,976 |
Good Dog Autism Companions Fallbrook, CA | $69,392 | $294,330 |
Central Valley Center For Vision And Hearing Impaired Modesto, CA | $107,371 | $218,985 |
Power Paws Assistance Dogs Inc Scottsdale, AZ | $91,090 | $208,439 |
Lions Project For Canine Companions For Independence Inc Santa Rosa, CA | $613,041 | $170,338 |