Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $16,500

• 1c · Fundraising events

  $129,880

• 1e · Government grants (contributions)

  $10,841,633

• 1f · All other contributions, gifts and grants

  $431,362

• 2a · Program service revenue: RESIDENT FEES

  total $3,902,534 · related or exempt $3,902,534

• 2b · Program service revenue: OUTPATIENT CLINIC

  total $929,804 · related or exempt $929,804

• 2c · Program service revenue: PROPERTY MGMT & OTHER

  total $507,869 · related or exempt $507,869

• 2d · Program service revenue: ROOM AND BOARD

  total $498,580 · related or exempt $498,580

• 2e · Program service revenue: OTHER

  total $99,809 · related or exempt $99,809

• 3 · Investment income

  total $94,666 · related or exempt $94,666

• 7a · Gross sales of assets other than inventory

  other assets $31,000

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

  other assets $3,000

• 7c · Gain or loss

  other assets $28,000

• 7d · Net gain or loss

  total $28,000 · related or exempt $28,000

• 8a · Fundraising events: gross income

  $32,010

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

  $129,880

• 8b · Fundraising events: direct expenses

  $32,010

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $369,574 · program services $142,545 · management and general $227,029

• 7 · Other salaries and wages

  total $10,047,824 · program services $9,117,934 · management and general $805,787 · fundraising $124,103

• 8 · Pension plan contributions

  total $172,441 · program services $169,091 · management and general $1,296 · fundraising $2,054

• 9 · Other employee benefits

  total $1,916,197 · program services $1,894,236 · management and general $94 · fundraising $21,867

• 10 · Payroll taxes

  total $796,513 · program services $786,055 · management and general $969 · fundraising $9,489

• 11a · Fees: management

  total $638,913 · management and general $638,913

• 11b · Fees: legal

  total $26,209 · program services $2,032 · management and general $24,177

• 11c · Fees: accounting

  total $52,784 · management and general $52,784

• 11g · Fees: other

  total $270,253 · program services $188,729 · management and general $81,524

• 12 · Advertising and promotion

  total $45,396 · program services $22,816 · management and general $22,580

• 13 · Office expenses

  total $201,611 · program services $104,786 · management and general $96,620 · fundraising $205

• 14 · Information technology

  total $267,257 · program services $117,643 · management and general $149,614

• 16 · Occupancy

  total $1,275,203 · program services $1,181,746 · management and general $92,341 · fundraising $1,116

• 19 · Conferences, conventions and meetings

  total $13,900 · program services $10,066 · management and general $1,834 · fundraising $2,000

• 20 · Interest

  total $42,239 · program services $28,150 · management and general $14,089

• 22 · Depreciation, depletion and amortization

  total $486,955 · program services $407,257 · management and general $79,698

• 23 · Insurance

  total $294,815 · program services $274,151 · management and general $20,664

• 24a · Other expenses: VEHICLE EXPENSE

  total $205,319 · program services $176,852 · management and general $28,467

• 24b · Other expenses: OTHER DIRECT EXPENSES

  total $52,640 · program services $35,904 · management and general $14,444 · fundraising $2,292

• 24c · Other expenses: FUNDRAISING EXPENSE

  total $42,083 · management and general $1,532 · fundraising $40,551

• 24d · Other expenses: CLIENT SUPPORT

  total $41,550 · program services $30,335 · management and general $36 · fundraising $11,179

• 24e · All other expenses

  total $269 · program services $269

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,441,165 · end of year $1,351,155

• 4 · Accounts receivable

  beginning of year $674,623 · end of year $793,731

• 9 · Prepaid expenses and deferred charges

  beginning of year $110,010 · end of year $93,205

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

  $6,292,275

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

  $3,148,100

• 10c · Land, buildings and equipment, net

  beginning of year $3,004,909 · end of year $3,144,175

• 15 · Other assets

  beginning of year $100,554 · end of year $153,798

• 17 · Accounts payable and accrued expenses

  beginning of year $1,143,558 · end of year $1,195,304

• 19 · Deferred revenue

  beginning of year $73,283 · end of year $10,634

• 23 · Secured mortgages and notes payable

  beginning of year $758,897 · end of year $167,271

• 25 · Other liabilities

  beginning of year $655,006 · end of year $1,241,646

• 27 · Net assets without donor restrictions

  beginning of year $2,548,457 · end of year $2,764,584

• 28 · Net assets with donor restrictions

  beginning of year $152,060 · end of year $156,625

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 3

COMPENSATION OF THE PRESIDENT AND CEO FROM THE CONNECTICUT INSTITUTE FOR THE BLIND, INC., GILEAD AND RAINBOW'S SOLE MEMBER, IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FROM THIS RELATED 501(C)(3), WHICH RELIES UPON COMPARATIVE DATA, THE AMOUNT OF STATE FUNDING AND OTHER FINANCIAL RESOURCES. SEE FORM 990, PART VI, LINE 15A FOR COMPENSATION PROCESS FOR ORGANIZATION TOP OFFICAL.