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← READERS DIGEST PARTNERS FOR SIGHT FOUNDATION

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 Krieger

    CHAIR

    Total calculated
    $0
    Hours/week
    3
  • James Deremeik

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2.5
  • John Krieger

    TREASURER

    Total calculated
    $0
    Hours/week
    2.5
  • Rob Hilliard

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Mark Ackermann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Donna Esposito

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Elise Grossman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5
  • William O'Connell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dr Tracye Weeks

    DIRECTOR THRU 12/22

    Total calculated
    $0
    Hours/week
    1
  • Naima West

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Angela Winfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5
  • Jason 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

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202343119349302549

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