Skip to content
Nonprofiteer
← INDUSTRIES FOR THE BLIND AND VISUALLY IMPAIRED INC

Form 990 for tax year 2023

Filed by INDUSTRIES FOR THE BLIND AND VISUALLY IMPAIRED INC.

Totals

Total revenue
$12,575,542
Total expenses
$12,789,886
Contributions and grants received
$0
Grants paid
$216,087
Program service revenue
$0
Investment income
$1,171,869
Other revenue
$11,403,673
Total assets, end of year
$88,386,123
Total liabilities, end of year
$17,013,472
Net assets or fund balances, end of year
$71,372,651
Program services expenses (Part IX)
$6,529,309
Management and general expenses
$6,260,577
Fundraising expenses
$0
Program service expenses (Part III)
$6,529,309

Program services were 51.1% 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.

  • 3 · Investment income

    total $1,171,869 · excluded $1,171,869

  • 10a · Gross sales of inventory

    $92,521,786

  • 10b · Cost of goods sold

    $81,151,893

  • 10c · Net income from sales of inventory

    total $11,369,893 · related or exempt $11,369,893

  • 11a · Other revenue: CREDIT CARD REBATE

    total $19,762 · excluded $19,762

  • 11d · All other revenue

    total $14,018 · excluded $14,018

  • 11e · Other revenue, total

    $33,780

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $216,087 · program services $216,087

  • 5 · Compensation of officers, directors and key employees

    total $2,522,395 · program services $697,997 · management and general $1,824,398

  • 7 · Other salaries and wages

    total $2,121,743 · program services $2,121,743

  • 8 · Pension plan contributions

    total $311,474 · program services $101,117 · management and general $210,357

  • 9 · Other employee benefits

    total $821,200 · program services $599,772 · management and general $221,428

  • 10 · Payroll taxes

    total $272,666 · program services $166,666 · management and general $106,000

  • 11b · Fees: legal

    total $34,445 · management and general $34,445

  • 11c · Fees: accounting

    total $152,700 · management and general $152,700

  • 11f · Fees: investment management

    total $31,097 · management and general $31,097

  • 11g · Fees: other

    total $957,551 · management and general $957,551

  • 12 · Advertising and promotion

    total $458,774 · program services $455,360 · management and general $3,414

  • 13 · Office expenses

    total $397,769 · program services $201,057 · management and general $196,712

  • 14 · Information technology

    total $1,313,313 · program services $649 · management and general $1,312,664

  • 16 · Occupancy

    total $6,603 · management and general $6,603

  • 17 · Travel

    total $169,169 · program services $28,429 · management and general $140,740

  • 19 · Conferences, conventions and meetings

    total $94,511 · management and general $94,511

  • 22 · Depreciation, depletion and amortization

    total $454,513 · management and general $454,513

  • 23 · Insurance

    total $306,795 · program services $141,137 · management and general $165,658

  • 24a · Other expenses: FEES BASED ON SALES

    total $1,358,242 · program services $1,358,242

  • 24b · Other expenses: CARD FEES

    total $695,156 · program services $441,053 · management and general $254,103

  • 24c · Other expenses: WELLNESS PROGRAM EXPENS

    total $12,928 · management and general $12,928

  • 24d · Other expenses: BAD DEBT

    total $4,462 · management and general $4,462

  • 24e · All other expenses

    total $76,293 · management and general $76,293

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $26,585,686 · end of year $16,997,585

  • 4 · Accounts receivable

    beginning of year $5,163,927 · end of year $11,943,586

  • 8 · Inventories for sale or use

    beginning of year $15,190,680 · end of year $11,043,177

  • 9 · Prepaid expenses and deferred charges

    beginning of year $575,311 · end of year $854,786

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

    $35,148,324

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

    $17,228,325

  • 10c · Land, buildings and equipment, net

    beginning of year $18,596,238 · end of year $17,919,999

  • 11 · Investments: publicly traded securities

    beginning of year $22,695,032 · end of year $28,217,185

  • 15 · Other assets

    beginning of year $4,900,507 · end of year $1,409,805

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,309,826 · end of year $9,517,441

  • 19 · Deferred revenue

    beginning of year $13,210,858 · end of year $4,730,548

  • 25 · Other liabilities

    beginning of year $2,561,880 · end of year $2,765,483

  • 27 · Net assets without donor restrictions

    beginning of year $66,624,817 · end of year $71,372,651

Mission and programs · 2023

Mission

TO CREATE AND GROW EMPLOYMENT OPPORTUNITIES FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED.

Activities or mission (Part I)

TO PROVIDE AND GROW EMPLOYMENT OPPORTUNITIES FOR VISUALLY IMPAIRED PEOPLE.

  • TO PROVIDE AND GROW EMPLOYMENT OPPORTUNITIES FOR BLIND AND VISUALLY IMPAIRED PEOPLE. DURING THE TAX YEAR, THE ORGANIZATION EMPLOYED 122 BLIND OR VISUALLY IMPAIRED PEOPLE.

    Expenses $6,529,309 · Grants $216,087 · Revenue $11,369,893

As filed on the 2023 return.

Listed in Part VII

  • Charles J Lange III

    CEO/PRESIDENT

    Total calculated
    $776,749
    From this org
    $757,135
    From related orgs
    $0
    Other
    $19,614
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $430,786
    Bonus
    $168,905
    Other
    $157,444
    Deferred
    $13,200
    Nontaxable benefits
    $6,414
    Filer's total
    $776,749

  • Jeff Madden

    CFO/TREASURER

    Total calculated
    $518,008
    From this org
    $502,283
    From related orgs
    $0
    Other
    $15,725
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $260,873
    Bonus
    $90,444
    Other
    $150,966
    Deferred
    $12,161
    Nontaxable benefits
    $3,564
    Filer's total
    $518,008

  • Heidi Chada

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Dan Lococo

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Mary Van Volkinburg

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Cory Ballard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Michael Bonner

    BOARD MEMBER (THRU SEP 2024)

    Total calculated
    $0
    Hours/week
    1

  • Susan Dowd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sherrice Harrel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matthew Kickbush

    BOARD MEMBER (THRU MAY 2024)

    Total calculated
    $0
    Hours/week
    1

  • Joe Kohler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John O'Connor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tom Scrivner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chuck Stadler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard Weigold

    SR.VP PRODUCT/CHANNEL(THRU NOV 2024)

    Total calculated
    $376,673
    From this org
    $364,351
    From related orgs
    $0
    Other
    $12,322
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,705
    Bonus
    $131,046
    Other
    $9,600
    Deferred
    $8,758
    Nontaxable benefits
    $3,564
    Filer's total
    $376,673

  • Patrick Crain

    CHIEF MANUFACTURE/LOGISTICS OFFICER

    Total calculated
    $351,029
    From this org
    $334,631
    From related orgs
    $0
    Other
    $16,398
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,120
    Bonus
    $108,219
    Other
    $13,292
    Deferred
    $12,834
    Nontaxable benefits
    $3,564
    Filer's total
    $351,029

  • Todd Hobart

    VP BSC STORE OPERATIONS

    Total calculated
    $267,681
    From this org
    $258,541
    From related orgs
    $0
    Other
    $9,140
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,927
    Bonus
    $63,614
    Other
    $0
    Deferred
    $5,576
    Nontaxable benefits
    $3,564
    Filer's total
    $267,681

  • Andrew Kulich

    SR DIR IBVI CUSTOM

    Total calculated
    $188,291
    From this org
    $173,285
    From related orgs
    $0
    Other
    $15,006
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,083
    Bonus
    $65,202
    Other
    $0
    Deferred
    $7,242
    Nontaxable benefits
    $7,764
    Filer's total
    $188,291

  • Scott Cole

    DIRECTOR OF CONTRACTS

    Total calculated
    $155,682
    From this org
    $148,242
    From related orgs
    $0
    Other
    $7,440
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,470
    Bonus
    $13,772
    Other
    $0
    Deferred
    $5,988
    Nontaxable benefits
    $1,452
    Filer's total
    $155,682

  • Subhendu Modak

    DIR INFORMATION TECHNOLOGY

    Total calculated
    $148,506
    From this org
    $142,794
    From related orgs
    $0
    Other
    $5,712
    Hours/week
    40

  • David Battani

    DIRECTOR OF PRICING

    Total calculated
    $137,104
    From this org
    $130,245
    From related orgs
    $0
    Other
    $6,859
    Hours/week
    40

  • Connie Knutson

    EXEC. DIR. OF HUMAN RESOURCES

    Total calculated
    $134,104
    From this org
    $126,994
    From related orgs
    $0
    Other
    $7,110
    Hours/week
    40

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 · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
$150/YEAR HEALTH CLUB REIMBURSEMENT ALLOWED FOR ANY EMPLOYEE.
PART I, LINE 5
PER EMPLOYEE AGREEMENTS/PLANS AS DRAFTED BY THE COMPENSATION & PERSONNEL COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS.
PART I, LINE 6
PER EMPLOYEE AGREEMENTS/PLANS AS DRAFTED BY THE COMPENSATION & PERSONNEL COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS.
PART I, LINE 7
PAYMENTS FOR PERFORMANCE AND EXTRAORDINARY DISCRETIONARY BONUSES.

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

  • VISION FORWARD

    $110,000

    DEVELOPMENT OF CAPABILITIES, REHABILITATION AND IMPROVEMENT OF LIVING STANDARDS FOR BLIND AND VISUALLY IMPAIRED INDIVIDUALS

  • CENTER FOR DEAF-BLIND PERSONS

    $45,000

    DEVELOPMENT OF CAPABILITIES, REHABILITATION AND IMPROVEMENT OF LIVING STANDARDS FOR BLIND AND VISUALLY IMPAIRED INDIVIDUALS

  • ABLE AUDIO & BRAILLE LITERACY ENHANCEMENT

    $43,000

    DEVELOPMENT OF CAPABILITIES, REHABILITATION AND IMPROVEMENT OF LIVING STANDARDS FOR BLIND AND VISUALLY IMPAIRED INDIVIDUALS

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • TOP PROMOTIONS INC

    C · PROMOTIONAL PRODUCT SOLUTIONS · WI · 100% owned · share of income $2,507 · share of assets $406,747 · controlled entity

    Directly controlled by INDUSTRIES FOR THE BLIND AND VISUALLY IMPAIRED INC

Provenance

Return type
form_990
Tax year
2023
Filed
18 July 2025
IRS schema version
2023v6.0
Source object
202502029349301225

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.