Totals
- Total revenue
- $4,135,035
- Total expenses
- $3,937,418
- Contributions and grants received
- $172,425
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $120,310
- Other revenue
- $3,842,300
- Total assets, end of year
- $25,537,656
- Total liabilities, end of year
- $11,930,534
- Net assets or fund balances, end of year
- $13,607,122
- Program services expenses (Part IX)
- $3,178,547
- Management and general expenses
- $749,536
- Fundraising expenses
- $9,335
- Program service expenses (Part III)
- $3,178,547
Program services were 80.7% 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.
-
1e · Government grants (contributions)
$93,669
-
1f · All other contributions, gifts and grants
$78,756
-
3 · Investment income
total $120,310 · excluded $120,310
-
10a · Gross sales of inventory
$25,754,353
-
10b · Cost of goods sold
$21,912,053
-
10c · Net income from sales of inventory
total $3,842,300 · related or exempt $3,842,300
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $488,338 · program services $377,473 · management and general $102,550 · fundraising $8,315
-
7 · Other salaries and wages
total $947,424 · program services $730,239 · management and general $217,185
-
8 · Pension plan contributions
total $306,497 · program services $294,237 · management and general $12,107 · fundraising $153
-
9 · Other employee benefits
total $123,142 · program services $96,789 · management and general $26,137 · fundraising $216
-
10 · Payroll taxes
total $126,484 · program services $99,077 · management and general $26,756 · fundraising $651
-
11b · Fees: legal
total $7,842 · management and general $7,842
-
11c · Fees: accounting
total $63,700 · management and general $63,700
-
11f · Fees: investment management
total $1,250 · management and general $1,250
-
12 · Advertising and promotion
total $43,936 · program services $43,936
-
13 · Office expenses
total $222,772 · program services $184,637 · management and general $38,135
-
14 · Information technology
total $386,879 · program services $270,814 · management and general $116,065
-
17 · Travel
total $34,762 · program services $34,762
-
23 · Insurance
total $441,505 · program services $397,355 · management and general $44,150
-
24a · Other expenses: CONTRACT COMMISSIONS
total $649,228 · program services $649,228
-
24b · Other expenses: HUMAN RESOURCE EXPENSES
total $93,659 · management and general $93,659
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,624,137 · end of year $1,056,278
-
2 · Savings and temporary cash investments
beginning of year $40,471 · end of year $1,035,324
-
4 · Accounts receivable
beginning of year $2,188,880 · end of year $2,652,764
-
8 · Inventories for sale or use
beginning of year $3,279,372 · end of year $2,584,380
-
9 · Prepaid expenses and deferred charges
beginning of year $53,682 · end of year $251,903
-
10a · Land, buildings and equipment: cost or other basis
$21,054,152
-
10b · Land, buildings and equipment: accumulated depreciation
$14,028,302
-
10c · Land, buildings and equipment, net
beginning of year $5,775,731 · end of year $7,025,850
-
11 · Investments: publicly traded securities
beginning of year $2,456,518 · end of year $2,915,430
-
15 · Other assets
beginning of year $887,018 · end of year $8,015,727
-
17 · Accounts payable and accrued expenses
beginning of year $2,726,968 · end of year $3,371,807
-
19 · Deferred revenue
beginning of year $553,737 · end of year $347,264
-
23 · Secured mortgages and notes payable
beginning of year $29,164 · end of year $0
-
25 · Other liabilities
beginning of year $972,221 · end of year $8,211,463
-
27 · Net assets without donor restrictions
beginning of year $12,987,442 · end of year $13,570,845
-
28 · Net assets with donor restrictions
beginning of year $36,277 · end of year $36,277
Mission and programs · 2023
Mission
TO PROVIDE OPPORTUNITIES FOR EMPLOYMENT AND PERSONAL DEVELOPMENT FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED TO ACHIEVE GREATER INDEPENDENCE.
-
TO PROVIDE OPPORTUNITIES FOR EMPLOYMENT AND PERSONAL DEVELOPMENT FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED TO ACHIEVE GREATER INDEPENDENCE. INDUSTRIES OF THE BLIND, INC. OPERATES A MANUFACTURING, ASSEMBLY, AND DISTRIBUTION SERVICE BUSINESS THAT EMPLOYS BLIND AND SIGHTED PEOPLE IN ORDER TO PROVIDE THEM THESE OPPORTUNITIES FOR EMPLOYMENT AND PERSONAL DEVELOPMENT. THE MANUFACTURING CONSISTS OF TEXTILE CUTTING AND SEWING FOR PRODUCTION OF MILITARY UNIFORMS, CLOTHING, AND COMMERCIAL GOODS. THE BLIND AND SIGHTED EMPLOYEES OF INDUSTRIES OF THE BLIND, INC. ALSO MANUFACTURE AND ASSEMBLE A VARIETY OF OFFICE SUPPLY AND SANITATION PRODUCTS INCLUDING WRITING INSTRUMENTS, CLIPBOARDS, MOPS, BROOMS, AND A VARIETY OF OTHER ITEMS. THE PROCESS TEACHES SEWING SKILLS, WORKING WITH FABRICS, AND MECHANIZED PROCEDURES TO THE BLIND AND SIGHTED EMPLOYEES. AS OF SEPTEMBER 30, 2024, INDUSTRIES OF THE BLIND EMPLOYS 136 BLIND AND 111 SIGHTED PEOPLE. REVENUE SHOWN ABOVE IS NET OF COST OF GOODS SOLD EXPENSES ON THE FORM 990, PART VIII, LINE 10B.
Expenses $3,178,547 · Revenue $3,842,300
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Brad HuffstetlerBRAD HUFFSTETLER
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 3
-
Irish ThurstonIRISH THURSTON
1ST VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jim StormentJIM STORMENT
2ND VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Brian GrahamBRIAN GRAHAM
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Danielle HarrisonDR DANIELLE HARRISON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Carla BanksCARLA BANKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wes BrewerWES BREWER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jamie DeanJAMIE DEAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark GaylordMARK GAYLORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rick GilmoreRICK GILMORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen OneyearSTEPHEN ONEYEAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mac SimsMAC SIMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa StramaLISA STRAMA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anne TinkerANNE TINKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jaye WebbJAYE WEBB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joshua GouldJOSHUA GOULD
PRESIDENT AND CEO
- Total calculated
- $324,511
- From this org
- $281,853
- From related orgs
- $0
- Other
- $42,658
- Hours/week
- 48
Schedule J breakdown matched by us
- Base
- $221,627
- Bonus
- $60,226
- Other
- $0
- Deferred
- $9,758
- Nontaxable benefits
- $32,900
- Filer's total
- $324,511
-
Victor MartinVICTOR MARTIN
DIRECTOR OF FINANCE AND IT
- Total calculated
- $169,227
- From this org
- $150,116
- From related orgs
- $0
- Other
- $19,111
- Hours/week
- 48
Schedule J breakdown matched by us
- Base
- $133,715
- Bonus
- $16,401
- Other
- $0
- Deferred
- $5,600
- Nontaxable benefits
- $13,511
- Filer's total
- $169,227
-
Susan WilliamsSUSAN WILLIAMS
DIRECTOR OF HUMAN RESOURCES
- Total calculated
- $145,458
- From this org
- $128,053
- From related orgs
- $0
- Other
- $17,405
- Hours/week
- 48
-
John RichtarikJOHN RICHTARIK
DIR. MFG, ENGINEERING & QUALITY
- Total calculated
- $132,860
- From this org
- $127,273
- From related orgs
- $0
- Other
- $5,587
- Hours/week
- 48
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 · Form 990 of other organizations
- 3 · Compensation survey or study
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 4 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202542169349300334
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