Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $1,275,995 · excluded $1,275,995

• 7a · Gross sales of assets other than inventory

  other assets $4,300

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

  other assets $0

• 7c · Gain or loss

  other assets $4,300

• 7d · Net gain or loss

  total $4,300 · excluded $4,300

• 10a · Gross sales of inventory

  $81,595,912

• 10b · Cost of goods sold

  $72,627,535

• 10c · Net income from sales of inventory

  total $8,968,377 · related or exempt $8,968,377

• 11a · Other revenue: CREDIT CARD REBATE

  total $20,910 · excluded $20,910

• 11d · All other revenue

  total $64,741 · excluded $64,741

• 11e · Other revenue, total

  $85,651

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $207,588 · program services $207,588

• 5 · Compensation of officers, directors and key employees

  total $1,599,415 · program services $421,068 · management and general $1,178,347

• 7 · Other salaries and wages

  total $2,812,468 · program services $2,214,951 · management and general $597,517

• 8 · Pension plan contributions

  total $314,061 · program services $88,670 · management and general $225,391

• 9 · Other employee benefits

  total $858,798 · program services $644,357 · management and general $214,441

• 10 · Payroll taxes

  total $278,093 · program services $172,206 · management and general $105,887

• 11b · Fees: legal

  total $56,699 · management and general $56,699

• 11c · Fees: accounting

  total $118,919 · management and general $118,919

• 11f · Fees: investment management

  total $33,768 · management and general $33,768

• 11g · Fees: other

  total $596,643 · management and general $596,643

• 12 · Advertising and promotion

  total $164,885 · program services $161,222 · management and general $3,663

• 13 · Office expenses

  total $424,245 · program services $194,317 · management and general $229,928

• 14 · Information technology

  total $1,399,320 · program services $3,041 · management and general $1,396,279

• 16 · Occupancy

  total $6,398 · management and general $6,398

• 17 · Travel

  total $164,626 · program services $26,087 · management and general $138,539

• 19 · Conferences, conventions and meetings

  total $121,134 · management and general $121,134

• 22 · Depreciation, depletion and amortization

  total $462,491 · management and general $462,491

• 23 · Insurance

  total $311,915 · program services $147,591 · management and general $164,324

• 24a · Other expenses: FEES BASED ON SALES

  total $1,179,234 · program services $1,179,234

• 24b · Other expenses: CARD FEES

  total $644,464 · management and general $644,464

• 24c · Other expenses: WELLNESS PROGRAM EXPENS

  total $11,842 · management and general $11,842

• 24d · Other expenses: BAD DEBT

  total $808 · management and general $808

• 24e · All other expenses

  total $67,391 · management and general $67,391

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $16,997,585 · end of year $12,556,814

• 4 · Accounts receivable

  beginning of year $11,943,586 · end of year $10,067,610

• 8 · Inventories for sale or use

  beginning of year $11,043,177 · end of year $10,654,482

• 9 · Prepaid expenses and deferred charges

  beginning of year $854,786 · end of year $670,991

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

  $35,975,581

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

  $18,456,417

• 10c · Land, buildings and equipment, net

  beginning of year $17,919,999 · end of year $17,519,164

• 11 · Investments: publicly traded securities

  beginning of year $28,217,185 · end of year $31,741,488

• 15 · Other assets

  beginning of year $1,409,805 · end of year $1,487,017

• 17 · Accounts payable and accrued expenses

  beginning of year $9,517,441 · end of year $7,595,517

• 19 · Deferred revenue

  beginning of year $4,730,548 · end of year $1,534,032

• 25 · Other liabilities

  beginning of year $2,765,483 · end of year $1,696,501

• 27 · Net assets without donor restrictions

  beginning of year $71,372,651 · end of year $73,871,516

The filer's explanations (Part III)

PART I, LINE 1A

$100/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.

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 $140,448 · controlled entity

  Directly controlled by INDUSTRIES FOR THE BLIND AND VISUALLY IMPAIRED INC