Braille Institute Of America Inc in Los Angeles, California (CA)

Organization representatives - add corrected or new information about Braille Institute Of America Inc »

Non-representatives - add comments about Braille Institute Of America Inc»

Braille Institute Of America Inc
Employer Identification Number (EIN)951641426
Name of OrganizationBraille Institute Of America Inc
Address741 N Vermont Ave, Los Angeles, CA 90029-3514
ActivitiesSchool, college, trade school, etc.
SubsectionEducational Organization
Ruling Date09/1963
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$161,666,577
Amount of Income$40,688,001
Form 990 Revenue Amount$21,016,018
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Blind/Visually Impaired Centers, Services


Non-representatives - add comments:


CAPTCHA

Your IP address 18.216.167.229 will be logged.

Amount of income in 2014: $40,688,001
This organization: 

 $40,688,001
Other organizations performing similar types of work: 

 $7,618,264

Assets in 2014: $161,666,577
Braille Institute Of America Inc: 

 $161,666,577
Other organizations performing similar types of work: 

 $16,502,323

Expenses in 2014: $25,832,689
Braille Institute Of America Inc: 

 $25,832,689
Other organizations performing similar types of work: 

 $4,486,505

Income to expenses ratio in 2014: 1.6
This organization: 

 1.6
Other organizations performing similar types of work: 

 1.5

Expenses allocated to program services in 2007: 80.0%
This organization: 

 80.0%
Other organizations performing similar types of work: 

 77.1%

Number of employees in 2014: 301
This organization: 

 301
Other organizations performing similar types of work: 

 99

Employees paid over $100,000 in 2014: 6.0%
Braille Institute Of America Inc: 

 6.0%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2014: 61.1%
Braille Institute Of America Inc: 

 61.1%
Other organizations performing similar types of work: 

 53.9%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoYes
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?YesYes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201220132014
The number reported in Box 3 of Form 1096134127
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return333301
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?YesNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?YesYes
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$1,412,142$1,892,534
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$202,767$280,000
Total number of individuals who received more than $100,000 of reportable compensation from the organization811
Total number of independent contractors who received more than $100,000 of compensation from the organization87
Statement of Revenue
201220132014
Total revenue$20,055,856$34,505,676$21,016,018
Contributions, Gifts, Grants and Other Similar Amounts$13,363,136$17,089,809$12,846,868
Program Service Revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,097,527$1,555,598$2,606,447
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$4,314,773$3,998,697$4,609,151
Net rental income$116,234$45,252$50,840
Gross rents (Real / Personal)$116,234 / $0$45,252 / $0$50,840 / $0
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$116,234 / $0$45,252 / $0$50,840 / $0
Net gain/loss from sales of assets other than inventory$1,161,111$11,816,320$902,712
Gross amount from sales of assets other than inventory (Securities / Other)$25,606,671 / $68,800$113,295,170 / $31,676$19,985,672 / $589,023
Less: cost or other basis and sales expenses (Securities / Other)$24,514,360 / $0$101,510,526 / $0$19,021,550 / $650,433
Gain or (loss) (Securities / Other)$1,092,311 / $68,800$11,784,644 / $31,676$964,122 / $-61,410
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$3,075$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$0$0$0
Statement of Functional Expenses
201220132014
Total functional expenses$27,528,204$25,520,051$25,832,689
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$1,246,294$1,388,093$1,729,971
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$12,084,273$9,950,406$9,847,599
Pension plan accruals and contributions$1,926,541$1,510,132
Other employee benefits$2,226,894$2,080,968
Payroll taxes$976,948$808,142$828,508
Fees for services (non-employees)
Management$0$0
Legal$162,687$39,132
Accounting$75,530$76,264
Lobbying$0$0
Professional fundraising services$131,197$102,000$102,000
Investment management fees$50,693$48,919
Other$637,133$804,085
Advertising and promotion$0$0
Office expenses$215,471$222,060
Information technology$190,437$412,435
Royalties$0$0
Occupancy$1,569,582$1,797,501
Travel$0$0
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$212,200$191,442
Interest$0$0
Payments to affiliates$0$0
Depreciation, depletion, and amortization$1,546,090$1,453,271
Insurance$271,068$275,610
Other expenses$499,898$1,426,445
Other expenses$566,120$942,762
Other expenses$913,115$549,849
Other expenses$1,342,268$522,818
Other expenses$865,683$970,918
Balance Sheet
201220132014
Total assets$147,682,556$151,381,458$161,666,577
Cash - non-interest-bearing$432,042$1,482,515
Savings and temporary cash investments$3,386,897$537,848
Pledges and grants receivable, net$381,450$318,281
Accounts receivable, net$422,399$200,311
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$61,225$44,302
Prepaid expenses and deferred charges$131,080$62,995
Land, buildings, and equipment: cost or other basis$33,213,864$32,667,317
Investments - publicly traded securities$95,913,016$123,950,405
Investments - other securities$15,153,463$0
Investments - program-related$0$0
Intangible assets$0$0
Other assets$2,286,022$2,402,603
Total liabilities$14,258,736$10,987,819$7,734,615
Accounts payable and accrued expenses$5,978,878$3,027,739
Grants payable$0$0
Deferred revenue$0$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$5,008,941$4,706,876
Total net assets or fund balances$133,423,820$140,393,639$153,931,962
Unrestricted net assets$112,368,686$126,272,032
Temporarily restricted net assets$15,295,812$14,762,158
Permanently restricted net assets$12,729,141$12,897,772
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$20,825,064$10,692,415$15,665,876$24,573,369$32,000,066$29,672,379$28,520,485$22,282,685
Contributions, gifts, grants, and similar amounts received$16,425,290$13,635,624$19,045,168$14,869,206$17,257,804$18,048,261$16,853,454$14,508,523
Contributions to donor advised funds$0$0
Direct public support$15,726,195$12,985,252$18,365,446$14,295,592$16,599,542$17,397,444$16,196,303$13,851,689
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$699,095$650,372$679,722$573,614$658,262$650,817$657,151$656,834
Program service revenue including government fees and contracts$0$0$0$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$39,124$52,732$12,186$6,370$18,086$79,664$46,299$31,410
Dividends and interest from securities$3,055,551$2,309,892$1,859,052$1,971,919$1,995,018$2,627,389$3,316,758$3,426,327
Net rental income or (loss)$17,387$691$52,747$26,856$59,936$19,147$42,493$65,004
Gross rents$17,387$691$52,747$26,856$59,936$19,147$42,493$65,004
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$1,342,955$1,150,057$1,331,280$1,590,924$2,002,630$2,596,300$2,689,703$3,616,340
Gain or (loss) from sales of assets other than inventory$-55,243$-6,456,581$-6,634,557$6,108,094$10,666,592$6,301,618$5,571,778$593,398
Gross amount from sales of assets other than inventory$87,794,354$82,595,356$49,959,765$73,934,161$53,514,694$46,746,024$53,581,751$59,340,027
Less: cost or other basis and sales expenses$87,849,597$89,051,937$56,594,322$67,826,067$42,848,102$40,444,406$48,009,973$58,746,629
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$41,683
Total expenses$25,590,922$25,981,215$25,776,120$23,443,436$22,133,864$24,257,199$24,681,645$25,061,113
Program services$21,480,263$21,890,258$21,681,270$19,357,876$18,021,382$19,708,706$19,872,997$20,054,730
Management and general$2,266,863$2,228,194$2,245,452$2,226,072$2,261,768$2,501,211$2,537,394$2,626,033
Fundraising$1,843,796$1,862,763$1,849,398$1,859,488$1,850,714$2,047,282$2,271,254$2,380,350
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$171,518,951$146,591,918$137,160,151$151,451,465$155,938,378$160,655,942$173,341,017$154,774,546
Excess or (deficit) for the year$-4,765,858$-15,288,800$-10,110,244$1,129,933$9,866,202$5,415,180$3,838,840$-2,778,428
Net assets or fund balances at beginning of year$190,380,308$171,518,952$146,591,918$137,160,151$151,451,465$155,938,378$160,655,942$173,341,017
Other changes in net assets or fund balances$-14,095,499$-9,638,234$678,477$13,161,381$-5,379,289$-697,616$8,846,235$-15,788,043
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$25,061,113$20,054,730$2,626,033$2,380,350
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$1,152,255$185,020$712,597$254,638
Compensation of former officers, directors, key employees, etc.$4,927$0$4,927$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$10,798,088$9,586,800$634,238$577,050
Pension plan contributions not included above$481,009$418,126$35,119$27,764
Employee benefits not included above$2,622,123$2,220,158$229,157$172,808
Payroll taxes$882,037$722,086$97,899$62,052
Professional fundraising fees$0$0$0$0
Accounting fees$69,200$0$69,200$0
Legal fees$180,766$0$180,766$0
Supplies$487,149$394,677$76,829$15,643
Telephone$252,224$222,032$20,128$10,064
Postage and shipping$1,038,312$71,136$2,270$964,906
Occupancy$2,818,616$2,578,036$155,285$85,295
Equipment rental and maintenance$137,788$54,006$80,355$3,427
Printing and publications$531,542$431,772$0$99,770
Travel$598,676$597,734$0$942
Conferences, conventions, and meetings$201,261$110,286$64,314$26,661
Interest$0$0$0$0
Depreciation, depletion, etc.$1,982,840$1,901,596$48,350$32,894
Other expenses not covered above$822,300$561,265$214,599$46,436
Balance Sheets
20002001200220032004200520062007
Total assets$183,406,134$156,943,893$153,337,978$160,762,806$167,946,519$170,023,699$182,927,596$165,878,747
Cash - non-interest-bearing$1,082,994$349,842$493,249$1,114,353$747,778$1,541,486$540,278$1,063,629
Savings and temporary cash investments$646,446$1,753,793$998,467$549,676$685,665$1,070,289$1,460,628$1,130,303
Accounts receivable less allowance for doubtful accounts$764,560$934,677$624,098$598,072$1,484,072$716,565$741,386$485,527
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$2,955,595$1,955,595$955,595$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$215,406$215,759$214,893$205,879$203,106$28,106$28,106$0
Inventories for sale or use$317,516$317,036$332,287$336,189$387,815$431,131$326,331$424,796
Prepaid expenses and deferred charges$392,665$148,689$114,201$5,362,338$32,617$99,880$1,112,857$220,062
Investments - publicly-traded securities$132,547,522$118,192,764
Investments - other securities$125,991,707$101,147,024$94,670,166$97,546,958$110,763,156$119,819,192$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$92,883
Investments - other$619,976$619,976$617,815$654,383$662,116$662,117$662,117$452,467
Land, buildings, and equipment less accumulated depreciation$37,316,177$36,936,344$38,017,359$38,420,780$36,348,973$35,719,250$34,545,892$33,455,910
Other assets, including program-related investments$16,058,687$14,520,753$14,299,848$14,018,583$15,675,626$9,935,683$10,962,479$10,360,406
Total liabilities$11,887,182$10,351,975$16,177,827$9,311,341$12,008,141$9,367,757$9,586,579$11,104,201
Accounts payable and accrued expenses$11,887,182$10,351,975$3,714,740$2,739,210$2,562,302$2,403,750$2,301,199$3,976,229
Grants payable$0$0$6,939,561$6,572,131$6,035,335$6,964,007$7,285,380$7,127,972
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$0$0$5,523,526$0$3,410,504$0$0$0
Total liabilities and net assets/fund balances$183,406,134$156,943,893$153,337,978$160,762,806$167,946,519$170,023,699$182,927,596$165,878,747
Total net assets or fund balances$171,518,952$146,591,918$137,160,151$151,451,465$155,938,378$160,655,942$173,341,017$154,774,546
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$20,825,064$10,692,415$15,665,876$24,573,369$32,000,066$29,672,379$28,520,485$22,282,685
Total revenue, gains, and other support per audited financial statements$6,729,565$1,054,181$16,344,353$37,734,750$26,620,777$28,974,763$37,366,720$6,494,642
Other expenses$-14,095,499$-9,638,234$678,477$13,161,381$-5,379,289$-697,616$8,846,235$-15,788,043
Net unrealized gains on investments$-14,869,314$-8,216,427$439,941$12,554,568$-5,878,310$4,339,108$8,353,398$-14,724,762
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$773,815$-1,421,807$238,536$606,813$499,021$-5,036,724$492,837$-1,063,281
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$25,590,922$25,981,215$25,776,120$23,443,436$22,133,864$24,257,199$24,681,645$25,061,113
Total expenses and losses per audited financial statements$25,590,922$25,981,215$25,776,120$23,443,436$22,133,864$24,257,199$24,681,645$25,061,113
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
38$157,873$11,638$0
38$156,822$14,923$0
38$162,378$22,642$0
38$154,518$11,267$0
38$154,456$21,528$0
38$255,905$28,305$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings33
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$4,927$0$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006321
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$7,774,162$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$31,410$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$3,426,327$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$65,004$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Royalty income excluded by section 512(b)(2)$3,616,340$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$593,398$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$41,683$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$105,928$20,480$0
$98,830$18,058$0
$104,597$12,196$0
$91,552$18,266$0
$94,003$11,754$0
Total number of other employees paid over $50,00030
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Braille Institute Of America Inc to others? (optional)
  
Add photo of Braille Institute Of America Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1L C Ind Inc4500 Emperor Blvd, Durham, NC 27703-8420NC1960-07$250,122,152
2Guide Dogs For The Blind Inc350 Los Ranchitos Rd, San Rafael, CA 94903-3606CA1955-06$164,486,011
3Jewish Guild For The Blind15 W 65th St, New York, NY 10023-6601NY1941-06$127,277,478
4The Seeing Eye Inc10 Washington Valley Rd, Morristown, NJ 07960-3412NJ1935-01$90,246,514
5Connecticut Institute For The Blind120 Holcomb St, Hartford, CT 06112-1589CT1988-07$82,172,566
6San Antonio Lighthouse For The Blind2305 Roosevelt Ave, San Antonio, TX 78210-4920TX1946-04$60,494,872
7Guiding Eyes For The Blind Inc611 Granite Springs Rd, Yorktown Hts, NY 10598-3411NY1956-07$57,390,300
8Lighthouse For The Blind Inc2501 S Plum St, Seattle, WA 98144-4711WA1921-10$53,743,846
9Learning Ally Inc, Group Return20 Roszel Rd, Princeton, NJ 08540-6206NJ1992-11$42,263,119
10Braille Institute Of America Inc741 N Vermont Ave, Los Angeles, CA 90029-3514CA1963-09$40,688,001
11Envision Industries Inc2301 S Water St, Wichita, KS 67213-4819KS1952-03$39,319,330
12Junior Blind Of America5300 Angeles Vista Blvd, View Park, CA 90043-1648CA1954-11$19,415,851
13Lighthouse For The Blind And Visually Impaired214 Van Ness Ave, San Francisco, CA 94102-4508CA1959-05$7,522,747
14Inland Empire Lighthouse For The Blind Inc359 E Parkcenter Cir S, Sn Bernrdno, CA 92408-2871CA1954-08$945,983
15International Guiding Eyes Inc, Guide Dogs Of America13445 Glenoaks Blvd, Sylmar, CA 91342-2049CA1984-09$15,985,233
16The Sight Center Of Northwest Pennsylvania2545 W 26th St, Erie, PA 16506-3261PA1951-09$1,355,233
17Helping Hands For The Blind20734 Devonshire St Unit C, Chatsworth, CA 91311-7706CA1995-05$460,249
18Vision For Independence CenterPo Box 2833, Yakima, WA 98907WA2007-06$79,507
19Indiana Lions For Leader Dog Inc23030 Mach Drive, Steger, IL 60475IL1987-05$735
20Contra Costa Co Guide Dog Raisers IncPO BOX 1040, Concord, CA 94522CA2000-05$0
Number of organizations performing similar types of work
Arkansas1
California8
Connecticut3
District of Columbia1
Florida4
Illinois3
Indiana1
Kansas1
Louisiana1
Maryland2
Michigan2
Minnesota1
Missouri1
North Carolina3
New Jersey4
New York6
Ohio4
Pennsylvania10
Rhode Island1
Texas2
Virginia2
Washington2
West Virginia1
Total64

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Braille Institute Of America Inc and has no official or unofficial affiliation with Braille Institute Of America Inc