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← PERKINS SCHOOL FOR THE BLIND

Form 990 for tax year 2024

Filed by PERKINS SCHOOL FOR THE BLIND.

Totals

Total revenue
$89,783,296
Total expenses
$105,465,723
Contributions and grants received
$17,598,711
Grants paid
$126,486
Program service revenue
$58,726,285
Investment income
$13,046,832
Other revenue
$411,468
Total assets, end of year
$429,689,543
Total liabilities, end of year
$36,438,217
Net assets or fund balances, end of year
$393,251,326
Program services expenses (Part IX)
$81,427,232
Management and general expenses
$20,282,980
Fundraising expenses
$3,755,511
Program service expenses (Part III)
$81,427,232

Program services were 77.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $498,111

  • 1e · Government grants (contributions)

    $5,302,160

  • 1f · All other contributions, gifts and grants

    $11,798,440

  • 1g · Noncash contributions included above

    $983,640

  • 2a · Program service revenue: FEES FOR SERVICE

    total $54,327,167 · related or exempt $54,327,167

  • 2b · Program service revenue: LIBRARY SERVICES

    total $4,399,118 · related or exempt $4,399,118

  • 3 · Investment income

    total $7,084,847 · unrelated business $297,712 · excluded $6,787,135

  • 6a · Gross rents

    real property $244,938

  • 6b · Less rental expenses

    real property $182,086

  • 6c · Rental income or loss

    real property $62,852

  • 6d · Net rental income or loss

    total $62,852 · excluded $62,852

  • 7a · Gross sales of assets other than inventory

    securities $80,169,766

  • 7b · Less cost or other basis and sales expenses

    securities $74,207,781

  • 7c · Gain or loss

    securities $5,961,985

  • 7d · Net gain or loss

    total $5,961,985 · unrelated business $179,191 · excluded $5,782,794

  • 8a · Fundraising events: gross income

    $52,375

  • 8a · Fundraising events: contributions included on line 1c

    $498,111

  • 8b · Fundraising events: direct expenses

    $203,968

  • 8c · Net income from fundraising events

    total -$151,593 · excluded -$151,593

  • 10a · Gross sales of inventory

    $5,455,098

  • 10b · Cost of goods sold

    $4,954,889

  • 10c · Net income from sales of inventory

    total $500,209 · related or exempt $500,209

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $126,486 · program services $126,486

  • 5 · Compensation of officers, directors and key employees

    total $3,036,294 · program services $1,342,499 · management and general $1,619,298 · fundraising $74,497

  • 7 · Other salaries and wages

    total $57,121,035 · program services $47,563,718 · management and general $7,398,176 · fundraising $2,159,141

  • 8 · Pension plan contributions

    total $2,799,906 · program services $2,331,434 · management and general $362,637 · fundraising $105,835

  • 9 · Other employee benefits

    total $7,991,334 · program services $6,654,248 · management and general $1,035,018 · fundraising $302,068

  • 10 · Payroll taxes

    total $4,574,259 · program services $3,808,908 · management and general $592,447 · fundraising $172,904

  • 11a · Fees: management

    total $522,815 · management and general $522,815

  • 11b · Fees: legal

    total $246,775 · program services $41,692 · management and general $205,083

  • 11c · Fees: accounting

    total $314,310 · program services $12,000 · management and general $302,310

  • 11d · Fees: lobbying

    total $13,110 · program services $13,110

  • 11e · Fees: professional fundraising services

    total $78,500 · fundraising $78,500

  • 11f · Fees: investment management

    total $3,135,596 · management and general $3,135,596

  • 11g · Fees: other

    total $6,012,373 · program services $5,325,202 · management and general $510,675 · fundraising $176,496

  • 12 · Advertising and promotion

    total $388,587 · program services $295,217 · management and general $79,491 · fundraising $13,879

  • 13 · Office expenses

    total $2,079,572 · program services $1,730,709 · management and general $262,441 · fundraising $86,422

  • 14 · Information technology

    total $2,709,462 · program services $607,988 · management and general $2,081,763 · fundraising $19,711

  • 16 · Occupancy

    total $4,945,629 · program services $4,359,908 · management and general $564,636 · fundraising $21,085

  • 17 · Travel

    total $1,926,085 · program services $1,867,422 · management and general $41,121 · fundraising $17,542

  • 19 · Conferences, conventions and meetings

    total $316,546 · program services $257,362 · management and general $57,208 · fundraising $1,976

  • 22 · Depreciation, depletion and amortization

    total $4,321,107 · program services $3,684,942 · management and general $616,329 · fundraising $19,836

  • 23 · Insurance

    total $635,881 · program services $70,780 · management and general $564,715 · fundraising $386

  • 24a · Other expenses: MEAL/FOOD EXPENSE

    total $813,793 · program services $735,528 · management and general $55,453 · fundraising $22,812

  • 24b · Other expenses: PRINTING

    total $799,217 · program services $294,963 · management and general $34,584 · fundraising $469,670

  • 24c · Other expenses: MEMBERSHIPS

    total $288,908 · program services $238,520 · management and general $37,637 · fundraising $12,751

  • 24d · Other expenses: BAD DEBT

    total $194,114 · management and general $194,114

  • 24e · All other expenses

    total $74,029 · program services $64,596 · management and general $9,433

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,757,445 · end of year $3,955,218

  • 3 · Pledges and grants receivable

    beginning of year $3,978,731 · end of year $1,154,925

  • 4 · Accounts receivable

    beginning of year $8,725,862 · end of year $10,681,342

  • 8 · Inventories for sale or use

    beginning of year $5,107,169 · end of year $5,046,637

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,227,898 · end of year $3,026,852

  • 10a · Land, buildings and equipment: cost or other basis

    $197,051,506

  • 10b · Land, buildings and equipment: accumulated depreciation

    $148,803,344

  • 10c · Land, buildings and equipment, net

    beginning of year $50,013,708 · end of year $48,248,162

  • 11 · Investments: publicly traded securities

    beginning of year $136,871,874 · end of year $144,254,591

  • 12 · Investments: other securities

    beginning of year $203,714,957 · end of year $202,058,828

  • 15 · Other assets

    beginning of year $10,501,543 · end of year $11,262,988

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,450,935 · end of year $9,205,360

  • 19 · Deferred revenue

    end of year $2,848,772

  • 20 · Tax-exempt bond liabilities

    beginning of year $23,914,583 · end of year $22,963,236

  • 24 · Unsecured notes and loans payable

    beginning of year $2,365,873

  • 25 · Other liabilities

    beginning of year $1,423,531 · end of year $1,420,849

  • 27 · Net assets without donor restrictions

    beginning of year $192,889,134 · end of year $192,739,411

  • 28 · Net assets with donor restrictions

    beginning of year $192,855,131 · end of year $200,511,915

Mission and programs · 2024

Mission

PERKINS SCHOOL FOR THE BLIND SERVES CHILDREN AND YOUNG ADULTS WITH MULTIPLE DISABILITIES, THEIR FAMILIES, EDUCATORS, RESEARCHERS, AND PROFESSIONALS AROUND THE GLOBE THROUGH EDUCATION SERVICES, ACCESSIBILITY, PROFESSIONAL DEVELOPMENT, AND INNOVATION.

Activities or mission (Part I)

SEE SCHEDULE O

  • AT PERKINS SCHOOL FOR THE BLIND, WE DELIVER THE VERY BEST EDUCATION AND SERVICES FOR CHILDREN WITH VISUAL IMPAIRMENTS AND MULTIPLE DISABILITIES. WE TEACH CHILDREN ON OUR CAMPUS IN WATERTOWN, MASSACHUSETTS, AND SUPPORT STUDENTS AND TEACHERS IN PUBLIC SCHOOLS ACROSS THE U.S., FOCUSING ON ACADEMIC, SOCIAL AND SELF-ADVOCACY SKILL BUILDING. WE ALSO EMPHASIZE TRANSITION SERVICES TO PREPARE YOUNG ADULTS FOR INDEPENDENT LIVING THROUGH PRACTICAL WORK, SKILL-BUILDING, AND COMMUNITY INVOLVEMENT. DURING FY25, WE EDUCATED 196 STUDENTS ON CAMPUS AND SUPPORTED APPROXIMATELY 1,365 STUDENTS IN COMMUNITY PROGRAMS, INCLUDING OUR INFANT-TODDLER PROGRAM, EDUCATIONAL PARTNERSHIPS WITH PUBLIC SCHOOLS AND OUTREACH PROGRAMS.

    Expenses $64,229,051 · Revenue $54,327,167

  • INTERNATIONALTHERE ARE MILLIONS OF CHILDREN WITH VISUAL IMPAIRMENT AND MULTIPLE DISABILITIES (MDVI) AROUND THE WORLD WHO DON'T RECEIVE THE QUALITY EDUCATION THEY DESERVE. PERKINS INTERNATIONAL WORKS TO PUT THESE CHILDREN IN SCHOOL, EQUIP EDUCATORS WITH THE SPECIALIZED SKILLS THEY NEED TO TEACH THEM AND CONNECT THE MOST VULNERABLE FAMILIES WITH VITAL GOVERNMENTAL AND MEDICAL RESOURCES. DURING FY25, PERKINS INTERNATIONAL CONDUCTED THIS WORK IN 22 COUNTRIES AND REGIONS, MORE THAN 54K TEACHERS WERE TRAINED, MORE THAN 1.8M CHILDREN WERE REACHED, AND MORE THAN 19K FAMILIES WERE SUPPORTED.

    Expenses $6,056,977 · Grants $126,486

  • REGIONAL LIBRARYPERKINS LIBRARY HAS PROVIDED ACCESSIBLE READING MATERIAL TO PEOPLE WITH VISUAL IMPAIRMENT AND OTHER DISABILITIES SINCE 1837. IN RECENT YEARS, WE HAVE SIGNIFICANTLY EXPANDED OUR OFFERINGS TO SERVE MORE PEOPLE WITH MORE NUANCED NEEDS. IN FY25, WE DISTRIBUTED MORE THAN 1,000,000 ACCESSIBLE BOOKS, MAGAZINES, NEWSPAPERS, DVDS AND MORE, AT NO COST TO THE 22,500 PATRONS WE SERVE ANNUALLY. WE'VE ALSO LED THE CHARGE IN DISTRIBUTING ASSISTIVE TECHNOLOGIES LIKE REFRESHABLE BRAILLE DISPLAYS WHILE PROVIDING A WEBSITE THAT ENABLES PEOPLE TO DOWNLOAD ACCESSIBLE READING MATERIAL.

    Expenses $4,248,516 · Revenue $4,399,118

  • PERKINS SOLUTIONSPERKINS SOLUTIONS DEPLOYS TECHNOLOGY TO OVERCOME LONG STANDING AND EMERGING ACCESSIBILITY BARRIERS. SINCE THE 1950S, THE PERKINS BRAILLER HAS BEEN THE MOST WIDELY USED MECHANICAL BRAILLE WRITER IN THE WORLD. TODAY OUR EXPERTISE IN INCLUSIVE DESIGN SOLUTIONS IS AVAILABLE VIA PERKINS ACCESS, A CONSULTING SERVICE THAT HELPS BUSINESSES ENSURE THEIR DIGITAL PRODUCTS AND SERVICES ARE USABLE BY EVERYONE. DURING FY25, PERKINS SOLUTIONS DISTRIBUTED 5,755 BRAILLERS WORLDWIDE AND ASSISTED 46 ORGANIZATIONS WITH TECHNOLOGY ASSESSMENTS AND MODIFICATIONS.ICANCONNECTTHE NATIONAL DEAF-BLIND EQUIPMENT DISTRIBUTION PROGRAM, KNOWN AS ICANCONNECT, PROVIDES FREE EQUIPMENT AND TRAINING FOR PEOPLE WITH BOTH SIGNIFICANT HEARING AND VISION LOSS WHO MEET THE PROGRAM'S DISABILITY AND INCOME ELIGIBILITY GUIDELINES. ADMINISTERED BY THE FCC AND MANAGED BY PERKINS IN 23 STATES ACROSS THE COUNTRY, ICANCONNECT HELPS PEOPLE STAY CONNECTED TO FRIENDS, FAMILY AND THE WORLD.

    Expenses $6,892,688 · Revenue $500,209

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stephen Pelletier

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    5
  • Terri Healey Brogan

    CHAIR OF THE CORPORATION

    Total calculated
    $0
    Hours/week
    5
  • Vaithehi Muttulingam

    VICE CHAIR (11/4/24-1/6/25)

    Total calculated
    $0
    Hours/week
    5
  • Maureen Banks

    SECRETARY (AS OF 11/4/24)

    Total calculated
    $0
    Hours/week
    5
  • Derek Johnston

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Joseph Boncore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • William Budding

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Frederic M Clifford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 0.5 related
  • Bret Connor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Julia Satti Cosentino

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Jennifer Desisto

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • David A Durkin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Lauren Fornes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Kate Katulak Higgins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Meredith Rosenberg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Katharine B Schmitt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Cynthia E Stead

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Vijay Vishwanath

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Mike Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • Thelma Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5
  • William David Power

    PRESIDENT & CEO (THRU 5/2/25)

    Total calculated
    $498,549
    From this org
    $448,543
    From related orgs
    $0
    Other
    $50,006
    Hours/week
    50 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $448,543
    Bonus
    $0
    Other
    $0
    Deferred
    $24,174
    Nontaxable benefits
    $25,832
    Filer's total
    $498,549
  • Edward H Bosso

    INTERIM COO & PRES OF ED PROGRMS

    Total calculated
    $452,219
    From this org
    $323,033
    From related orgs
    $0
    Other
    $129,186
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $323,033
    Bonus
    $0
    Other
    $0
    Deferred
    $27,524
    Nontaxable benefits
    $101,662
    Filer's total
    $452,219
  • Astrid Vermeer

    CHIEF FIN & ADMIN OFF (THRU 9/24)

    Total calculated
    $314,660
    From this org
    $285,886
    From related orgs
    $0
    Other
    $28,774
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $249,717
    Bonus
    $0
    Other
    $36,169
    Deferred
    $20,327
    Nontaxable benefits
    $8,447
    Filer's total
    $314,660
  • Maureen Lister

    CFO (AS OF 1/3/25)

    Total calculated
    $0
    Hours/week
    50
  • Brenna Child

    CHIEF PEOPLE OFFICER

    Total calculated
    $367,488
    From this org
    $329,595
    From related orgs
    $0
    Other
    $37,893
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $329,595
    Bonus
    $0
    Other
    $0
    Deferred
    $25,312
    Nontaxable benefits
    $12,581
    Filer's total
    $367,488
  • Rebecca Fater

    EXEC DIR OF MARKETING (THRU 6/2024)

    Total calculated
    $360,455
    From this org
    $324,497
    From related orgs
    $0
    Other
    $35,958
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $137,203
    Bonus
    $0
    Other
    $187,294
    Deferred
    $22,273
    Nontaxable benefits
    $13,685
    Filer's total
    $360,455
  • Katherine Holland-Ortiz

    EXECUTIVE DIRECTOR OF INTERNATIONAL

    Total calculated
    $323,869
    From this org
    $275,400
    From related orgs
    $0
    Other
    $48,469
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $275,400
    Bonus
    $0
    Other
    $0
    Deferred
    $21,280
    Nontaxable benefits
    $27,189
    Filer's total
    $323,869
  • Sandra K Lacey

    EXEC DIR OF HOWE INNOVATION CTR

    Total calculated
    $272,621
    From this org
    $221,440
    From related orgs
    $0
    Other
    $51,181
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $221,440
    Bonus
    $0
    Other
    $0
    Deferred
    $16,038
    Nontaxable benefits
    $35,143
    Filer's total
    $272,621
  • Bashar Al-Nakhala

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $270,808
    From this org
    $225,007
    From related orgs
    $0
    Other
    $45,801
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $225,007
    Bonus
    $0
    Other
    $0
    Deferred
    $16,589
    Nontaxable benefits
    $29,212
    Filer's total
    $270,808
  • Gary Aussant

    DIRECTOR OF DIGITAL ACCESS

    Total calculated
    $248,947
    From this org
    $202,713
    From related orgs
    $0
    Other
    $46,234
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $202,713
    Bonus
    $0
    Other
    $0
    Deferred
    $14,931
    Nontaxable benefits
    $31,303
    Filer's total
    $248,947

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
PERKINS MAY PROVIDE HOUSING TO EMPLOYEES WHEN IT IS DETERMINED TO BE A REQUIREMENT OF THE POSITION. PERKINS DETERMINES THE VALUE OF THE HOUSING BASED ON MARKET RATES FOR COMPARABLE PROPERTIES IN THE AREA. DURING 2024, EDWARD H. BOSSO WAS PROVIDED WITH HOUSING BENEFITS VALUED AT $72,000.
PART I, LINE 4A
REBECCA FATER RECEIVED A PAYMENT IN CONNECTION WITH A VOLUNTARY SEPARATION FROM SERVICE WHICH IS REPORTED IN PART II, COLUMN B(III).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
6 April 2026
IRS schema version
2024v5.5
Source object
202610979349300236

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