Form 990 for tax year 2022
Filed by READERS DIGEST PARTNERS FOR SIGHT FOUNDATION.
Totals
- Total revenue
- $1,214,698
- Total expenses
- $1,144,177
- Contributions and grants received
- $46,314
- Grants paid
- $242,094
- Program service revenue
- $0
- Investment income
- $832,663
- Other revenue
- $335,721
- Total assets, end of year
- $13,100,027
- Total liabilities, end of year
- $671,765
- Net assets or fund balances, end of year
- $12,428,262
- Program services expenses (Part IX)
- $870,267
- Management and general expenses
- $273,910
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $870,267
Program services were 76.1% 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.
-
1f · All other contributions, gifts and grants
$46,314
-
3 · Investment income
total $262,663 · excluded $262,663
-
5 · Royalties
total $735 · excluded $735
-
7a · Gross sales of assets other than inventory
securities $6,141,621
-
7b · Less cost or other basis and sales expenses
securities $5,571,621
-
7c · Gain or loss
securities $570,000
-
7d · Net gain or loss
total $570,000 · excluded $570,000
-
10a · Gross sales of inventory
$827,345
-
10b · Cost of goods sold
$492,359
-
10c · Net income from sales of inventory
total $334,986 · related or exempt $334,986
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $242,094 · program services $242,094
-
5 · Compensation of officers, directors and key employees
total $188,561 · program services $150,849 · management and general $37,712
-
7 · Other salaries and wages
total $103,000 · program services $82,400 · management and general $20,600
-
8 · Pension plan contributions
total $2,882 · program services $2,305 · management and general $577
-
10 · Payroll taxes
total $20,177 · program services $15,592 · management and general $4,585
-
11b · Fees: legal
total $2,063 · management and general $2,063
-
11c · Fees: accounting
total $61,900 · management and general $61,900
-
11f · Fees: investment management
total $50,000 · management and general $50,000
-
11g · Fees: other
total $71,334 · management and general $71,334
-
13 · Office expenses
total $20,090 · program services $14,710 · management and general $5,380
-
14 · Information technology
total $8,697 · management and general $8,697
-
16 · Occupancy
total $1,532 · program services $919 · management and general $613
-
17 · Travel
total $7,800 · program services $7,800
-
20 · Interest
total $2,000 · management and general $2,000
-
21 · Payments to affiliates
total $12 · management and general $12
-
23 · Insurance
total $1,565 · management and general $1,565
-
24a · Other expenses: PROMOTION AND BILLING
total $272,909 · program services $272,909
-
24b · Other expenses: FULFILLMENT COSTS
total $80,689 · program services $80,689
-
24c · Other expenses: MISCELLANEOUS EXPENSES
total $6,872 · management and general $6,872
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $337,762 · end of year $338,304
-
2 · Savings and temporary cash investments
beginning of year $16,698 · end of year $25,202
-
4 · Accounts receivable
beginning of year $41,054 · end of year $14,423
-
9 · Prepaid expenses and deferred charges
beginning of year $28,304 · end of year $45,162
-
11 · Investments: publicly traded securities
beginning of year $12,235,436 · end of year $12,676,666
-
15 · Other assets
beginning of year $270 · end of year $270
-
17 · Accounts payable and accrued expenses
beginning of year $211,220 · end of year $112,389
-
18 · Grants payable
beginning of year $100,000 · end of year $0
-
19 · Deferred revenue
beginning of year $552,316 · end of year $559,376
-
27 · Net assets without donor restrictions
beginning of year $11,795,988 · end of year $12,428,262
Mission and programs · 2022
Mission
SEE SCHEDULE OREADER'S DIGEST PARTNERS FOR SIGHT FOUNDATION IS DEDICATED TO FOSTERING THE INDEPENDENCE OF PEOPLE WHO ARE BLIND AND VISUALLY IMPAIRED. WE BELIEVE IN AN ACCESSIBLE AND INCLUSIVE WORLD WHERE PEOPLE WHO ARE BLIND AND VISUALLY IMPAIRED HAVE THE TOOLS, RESOURCES, AND OPPORTUNITY TO LEAD INDEPENDENT AND FULFILLING LIVES. THROUGH OUR SUPPORT OF NON-PROFIT ORGANIZATIONS THAT SHARE THIS PHILOSOPHY, WE ARE MAKING THE WORLD EASIER TO NAVIGATE FOR THOUSANDS OF PEOPLE, EVERY DAY.
Activities or mission (Part I)
SEE SCHEDULE O
-
THE READER'S DIGEST PARTNERS FOR SIGHT FOUNDATION PROVIDES VALUABLE FINANCIAL ASSISTANCE TO ORGANIZATIONS THAT DIRECTLY SUPPORT INDIVIDUALS WHO ARE BLIND OR VISUALLY IMPAIRED. THIS CRUCIAL AID EMPOWERS THESE ORGANIZATIONS TO CATER TO PEOPLE OF ALL AGES AND DIVERSE STAGES OF VISION LOSS BY OFFERING COMPREHENSIVE TRAINING IN ESSENTIAL SKILLS LIKE DAILY ACTIVITIES, ORIENTATION AND MOBILITY TRAINING, ASSISTIVE TECHNOLOGY, GUIDE DOG USAGE, LOW VISION REHABILITATION, LITERACY, AND BRAILLE. MOREOVER, THE FOUNDATION EXTENDS ITS GENEROUS SUPPORT TO ORGANIZATIONS OFFERING CAREER DEVELOPMENT, VOCATIONAL TRAINING, RECREATIONAL ACTIVITIES, AND YOUTH TRANSITIONING PROGRAMS FOR BLIND AND VISUALLY IMPAIRED PERSONS. WE ALSO LEND A HELPING HAND BY PROVIDING AN ASSISTIVE TECHNOLOGY RESOURCES LIST AND ENGAGING IN OUTREACH TO LOW VISION ORGANIZATIONS. RDPFS HAS A THOROUGH GRANT PROPOSAL AND OUTCOME EVALUATION PROCESS WHICH HELPS ENSURE THE SUCCESS OF THE FUNDED PROGRAMS. IN FISCAL YEAR 2023, RDPFS MADE 12 GRANTS TO 12 DIFFERENT ORGANIZATIONS ACROSS THE UNITED STATES. GRANT MONIES WERE DESIGNATED FOR:*OUTREACH PROJECT TO VARIOUS OPHTHALMOLOGY AND OPTOMETRIC DEPARTMENTS AS WELL AS LOW VISION ORGANIZATIONS. *COUNTY-BY-COUNTY COUNT OF ALL SENIORS LIVING WITH VISION LOSS IN NEW JERSEY.*PROVIDE TRAINING AND SUPPORT IN THE USE OF ADAPTIVE TECHNOLOGY FOR PEOPLE WHO ARE BLIND AND VISUALLY IMPAIRED.*LAUNCH AN ONLINE ACCESSIBLE MUSIC LIBRARY DATABASE TO TRANSFORM THE LANDSCAPE OF HOW PEOPLE WITH VISION LOSS ACCESS MUSIC SCORES AND MATERIALS.*SUPPORT FOR PILOT PROGRAM DESIGNED TO INCREASE THE NUMBER OF VISION REHABILITATION HOURS TO SENIORS WITH VISION LOSS.*CREATE AN EDUCATIONAL PROGRAM TO TRAIN-THE-TRAINERS, GENETIC AND BREEDING TEAMS, VETERINARIANS, AND RELATED STAFF AT GUIDE DOG SCHOOLS AROUND THE COUNTRY TO SYSTEMATICALLY IMPROVE THE GENETIC DIVERSITY, HEALTH, BEHAVIOR, AND LONGEVITY OF THE GUIDE DOGS THEY BREED.*IMPLEMENT THE BEST PRACTICES FOR SUPPORTING AND ENGAGING INDIVIDUALS WITH VISION LOSS OR BLINDNESS AND THEIR ALLIES AS LEADERS AND ADVOCATES FOR IMPROVED CARE, POLICIES, AND COMMUNITY SUPPORT.*SUPPORT FOR A THREE-DAY SYMPOSIUM FOR BLIND AND VISUALLY IMPAIRED PHYSICAL EDUCATION TEACHERS AND ADAPTIVE SPORTS ORGANIZATIONS FROM ACROSS THE TRI-STATE AREA.*PURCHASE BRAILLE AND LARGE PRINT MATERIALS FOR OLDER ADULT CENTER EVENT. IN AGGREGATE, THESE PROGRAMS SERVE THOUSANDS OF BLIND AND VISUALLY IMPAIRED PEOPLE ACROSS THE COUNTRY ON A YEARLY BASIS.
Expenses $406,248 · Grants $242,094
-
THE RDPFS LARGE PRINT PUBLISHING PROGRAM MADE A SIGNIFICANT IMPACT, CATERING TO THE NEEDS OF 40,055 INDIVIDUALS THROUGH ITS SELECT EDITIONS" LARGE TYPE PERIODICAL. A TOTAL OF 200,274 VOLUMES WERE DISTRIBUTED TO SUBSCRIBERS, ENSURING THAT THEY HAD ACCESS TO ENGAGING READING MATERIAL IN A FORMAT TAILORED FOR EASE OF READING FOR THOSE WITH LOW VISION. IN ADDITION TO THE LARGE PRINT PERIODICAL, SUBSCRIBERS ALSO RECEIVED A LARGE PRINT CALENDAR WITH ESSENTIAL INFORMATION ON ACCESSING LOW-VISION SERVICES. BY OFFERING CONTENT FORMATTED AND PRINTED TO SPECIFIC ACCESSIBILITY STANDARDS, THE PROGRAM IS COMMITTED TO EMPOWERING INDIVIDUALS WITH LOW VISION, ENSURING THEY CAN ENJOY READING AND STAY INFORMED IN A WAY THAT FULFILLS THEIR UNIQUE NEEDS.
Expenses $464,019 · Revenue $334,986
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Matthew KriegerMATTHEW KRIEGER
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
James DeremeikJAMES DEREMEIK
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2.5
-
John KriegerJOHN KRIEGER
TREASURER
- Total calculated
- $0
- Hours/week
- 2.5
-
Rob HilliardROB HILLIARD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mark AckermannMARK ACKERMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Donna EspositoDONNA ESPOSITO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Elise GrossmanELISE GROSSMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
William O'ConnellWILLIAM O'CONNELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Tracye WeeksDR TRACYE WEEKS
DIRECTOR THRU 12/22
- Total calculated
- $0
- Hours/week
- 1
-
Naima WestNAIMA WEST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Angela WinfieldANGELA WINFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Jason EckertJASON ECKERT
EXECUTIVE DIRECTOR THRU 06/23
- Total calculated
- $199,885
- From this org
- $179,500
- From related orgs
- $0
- Other
- $20,385
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $179,500
- Bonus
- $0
- Other
- $0
- Deferred
- $5,385
- Nontaxable benefits
- $15,000
- Filer's total
- $199,885
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
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 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
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
-
SUPPORT FOR PILOT PROGRAM DESIGNED TO INCREAS THE NUMBER OF VISION REHABILITATION SERVICE HOURS TO SENIORS WITH VISION LOSS
-
$40,000
CREATE AN EDUCATIONAL PROGRAM FOR ALL RELATED STAFF AT GUIDE DOG SCHOOLS TO SYSTEMICALLY IMPROVE THE GENETIC DIVERSITY, HEALTHY, BEHAVIOR, AND LONGEVITY OF THE GUIDE DOGS THEY BREED
-
LAUNCH AN ONLINE ACCESSIBLE MUSIC LIBRARY DATABASE TO TRANSFORM HOW PEOPLE WITH VISION LOSS AND EDUCATORS ACCESS MUSIC SCORES AND MATERIALS.
-
SUPPORT FOR THREE-DAY SYMPOSIUM FOR PHYSICAL EDUCATION TEACHERS AND ADAPTIVE SPORTS ORGANIZATIONS WORKING WITH BLIND AND VISUALLY IMPAIRED INDIVIDUALS ACROSS THE TRI-STATE AREA
-
IMPLEMENT BEST PRACTICE METHODS FOR SUPPORTING AND ENGAGING INDIVIDUALS WITH VISION LOSS ON BLINDNESS AND THEIR ALLIES AS LEADERS AND ADVOATES FOR IMPROVED CARE, POLICIES AND COMMUNITY SUPPORT.
-
THE CARROLL CENTER FOR THE BLIND
$25,000
PREPARE PARTICIPANTS TO WORK IN PARTNERSHIP W/COLLABORATING TECH COMPANIES AS SCREEN READER USERS WHILE CREATING OPPORTUNITIES FOR EMPLOYMENT IN THAT ROLE
-
$10,000
OUTREACH PROJECT TO VARIOUS OPTHAMOLOGY AND OPTOMETRIC DEPARTMENTS AS WELL AS LOW VISION ORGANIZATIONS
-
PROVIDE TRAINING AND SUPPORT IN THE USE OF ADAPTIVE TECHNOLOGY FOR PEOPLE WHO ARE BLIND AND VISUALLY IMPAIRED
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343119349302549
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