Form 990 for tax year 2023
Filed by VISUALLY IMPAIRED PRESCHOOLERS SERVICES OF GREATER LOUISVILLE INC.
Totals
- Total revenue
- $3,559,436
- Total expenses
- $3,013,755
- Contributions and grants received
- $1,835,340
- Grants paid
- $0
- Program service revenue
- $1,732,169
- Investment income
- $37,227
- Other revenue
- -$45,300
- Total assets, end of year
- $6,868,397
- Total liabilities, end of year
- $251,484
- Net assets or fund balances, end of year
- $6,616,913
- Program services expenses (Part IX)
- $2,458,899
- Management and general expenses
- $389,970
- Fundraising expenses
- $164,886
- Program service expenses (Part III)
- $2,458,899
Program services were 81.6% 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.
-
1a · Federated campaigns
$5,000
-
1c · Fundraising events
$373,413
-
1e · Government grants (contributions)
$30,000
-
1f · All other contributions, gifts and grants
$1,426,927
-
2a · Program service revenue: EARLY INTERVENTION SER
total $1,732,169 · related or exempt $1,732,169
-
3 · Investment income
total $39,835 · excluded $39,835
-
6a · Gross rents
real property $2,400
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $2,400
-
6d · Net rental income or loss
total $2,400 · excluded $2,400
-
7a · Gross sales of assets other than inventory
securities $168,388
-
7b · Less cost or other basis and sales expenses
securities $170,996
-
7c · Gain or loss
securities -$2,608
-
7d · Net gain or loss
total -$2,608 · excluded -$2,608
-
8a · Fundraising events: gross income
$18,514
-
8a · Fundraising events: contributions included on line 1c
$373,413
-
8b · Fundraising events: direct expenses
$70,568
-
8c · Net income from fundraising events
total -$52,054 · excluded -$52,054
-
11a · Other revenue: MISCELLANOUS INCOME
total $4,354 · related or exempt $4,354
-
11e · Other revenue, total
$4,354
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $158,728 · program services $127,151 · management and general $20,918 · fundraising $10,659
-
7 · Other salaries and wages
total $1,727,483 · program services $1,387,661 · management and general $226,219 · fundraising $113,603
-
8 · Pension plan contributions
total $53,493 · program services $43,128 · management and general $6,946 · fundraising $3,419
-
9 · Other employee benefits
total $138,849 · program services $106,022 · management and general $20,249 · fundraising $12,578
-
10 · Payroll taxes
total $134,753 · program services $107,257 · management and general $17,765 · fundraising $9,731
-
11c · Fees: accounting
total $15,825 · management and general $15,825
-
11f · Fees: investment management
total $7,656 · management and general $7,656
-
12 · Advertising and promotion
total $4,352 · program services $4,352
-
13 · Office expenses
total $57,140 · program services $47,101 · management and general $5,694 · fundraising $4,345
-
14 · Information technology
total $52,024 · program services $44,834 · management and general $5,221 · fundraising $1,969
-
16 · Occupancy
total $53,744 · program services $47,839 · management and general $5,905
-
17 · Travel
total $51,919 · program services $49,899 · management and general $355 · fundraising $1,665
-
19 · Conferences, conventions and meetings
total $44,098 · program services $35,149 · management and general $8,183 · fundraising $766
-
22 · Depreciation, depletion and amortization
total $187,453 · program services $167,114 · management and general $20,339
-
23 · Insurance
total $71,128 · program services $60,839 · management and general $10,289
-
24a · Other expenses: SPECIAL PROGRAMS
total $116,752 · program services $116,752
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $39,218 · program services $34,771 · management and general $4,447
-
24c · Other expenses: CONTRACT SERVICES
total $35,855 · program services $28,382 · management and general $5,104 · fundraising $2,369
-
24d · Other expenses: MISCELLANEOUS
total $34,665 · program services $29,238 · management and general $5,427
-
24e · All other expenses
total $28,620 · program services $21,410 · management and general $3,428 · fundraising $3,782
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,255,047 · end of year $1,480,569
-
3 · Pledges and grants receivable
beginning of year $256,858 · end of year $339,270
-
4 · Accounts receivable
beginning of year $12,748 · end of year $189,029
-
9 · Prepaid expenses and deferred charges
beginning of year $7,688 · end of year $16,623
-
10a · Land, buildings and equipment: cost or other basis
$5,320,816
-
10b · Land, buildings and equipment: accumulated depreciation
$1,815,463
-
10c · Land, buildings and equipment, net
beginning of year $3,633,260 · end of year $3,505,353
-
11 · Investments: publicly traded securities
beginning of year $1,021,285 · end of year $1,291,157
-
15 · Other assets
beginning of year $78,860 · end of year $46,396
-
17 · Accounts payable and accrued expenses
beginning of year $207,522 · end of year $195,067
-
19 · Deferred revenue
beginning of year $13,694 · end of year $27,849
-
25 · Other liabilities
beginning of year $60,004 · end of year $28,568
-
27 · Net assets without donor restrictions
beginning of year $5,373,307 · end of year $6,103,728
-
28 · Net assets with donor restrictions
beginning of year $611,219 · end of year $513,185
Mission and programs · 2023
Mission
VIPS PROVIDES EARLY INTERVENTION SERVICES TO KENTUCKY AND INDIANA'S YOUNGEST CHILDREN WITH BLINDNESS AND LOW VISION. SERVICES INCLUDE EVALUATIONS, IN-HOME VISITS, AND ACCESS TO RESOURCES THAT HELP PARENTS AND CAREGIVERS BETTER UNDERSTAND AND SUPPORT THEIR CHILD WITH VISUAL IMPAIRMENT.
Activities or mission (Part I)
VIPS PROVIDES EARLY INTERVENTION SERVICES TO KENTUCKY AND INDIANA'S YOUNGEST CHILDREN WITH BLINDNESS AND LOW VISION.
-
EARLY INTERVENTION:VIPS IS A UNIQUE NON-PROFIT AGENCY IN KENTUCKY AND INDIANA SPECIFICALLY DEDICATED TO MEETING THE CRITICAL EARLY INTERVENTION NEEDS OF INFANTS, TODDLERS, AND PRESCHOOLERS WHO ARE BLIND OR VISUALLY IMPAIRED. VIPS EMPLOYS HIGHLY TRAINED, CERTIFIED TEACHERS OF THE VISUALLY IMPAIRED AND EARLY CHILDHOOD EDUCATORS WHO WORK WITH FAMILIES IN THEIR HOMES, TEACHING PARENTS HOW TO EDUCATE BY CAPITALIZING ON THEIR CHILDREN'S STRENGTHS. DURING THE COVID PANDEMIC VIPS WAS QUICK TO PIVOT AND WE BEGAN VIRTUAL VISITS TO HAVE A CONTINUUM OF SERVICES PROVIDED. VIPS IS THE ONLY AGENCY IN KENTUCKY SERVING THE BIRTH TO 5- YEAR-OLD POPULATION AND BIRTH TO 3-YEAR OLD POPULATION IN INDIANA.
Expenses $1,561,428 · Revenue $1,102,711
-
FAMILY SERVICES:VIPS PROVIDES SUPPORT THROUGH TRAINING FOR FAMILIES, ATTENDING MEETINGS AND DOCTORS' VISITS TO ASSURE FAMILIES UNDERSTAND INFORMATION SHARED REGARDING THE NEEDS OF AND SERVICES FOR THEIR CHILDREN. VIPS REGULARLY HOSTS PARENT EMPOWERMENT PROGRAMS AS WELL AS OTHER EVENTS WHERE FAMILIES ARE ABLE TO DEVELOP A SENSE OF COMMUNITY WITH OTHER VIPS FAMILIES. VIPS HOSTS AN ANNUAL FAMILY RETREAT, A WEEKEND WHERE PARENTS CAN LEARN ALONGSIDE OTHER PARENTS IN SIMILAR SITUATION RAISING A CHILD WHO IS BLIND OR VISUALLY IMPAIRED.
Expenses $280,683 · Revenue $198,224
-
KIDS TOWN PRESCHOOL:KIDS TOWN PRESCHOOL AT VIPS IN LOUISVILLE IS A CENTER-BASED PROGRAM PROVIDING AN EXTENSIVE EDUCATIONAL EXPERIENCE IN A DEVELOPMENTALLY APPROPRIATE AND BRAILLE-RICH ENVIRONMENT. VIPS HAS GROWN FROM EIGHT CHILDREN IN 1985 TO OVER 700 CHILDREN IN FISCAL YEAR 2022. VIPS SUCCESSFULLY TRANSITIONS CHILDREN SERVED THROUGH FIRST STEPS AND KIDS TOWN PRESCHOOL INTO THEIR NEXT EDUCATIONAL SETTINGS. KIDS TOWN PRESCHOOL AT VIPS LOUISVILLE CAMPUS HOSTS VISITORS FROM ACROSS THE WORLD WANTING TO LEARN MORE ABOUT THE EXPANDED CORE CURRICULUM AND BEST PRACTICES. KIDS TOWN PRESCHOOL IS A KENTUCKY 5-STAR CENTER, A TEST SITE FOR AMERICAN PRINTING HOUSE FOR BLIND'S NEW RESEARCH AND MATERIALS, IS ACCREDITED NATIONALLY BY AER. VIPS IS CONSIDERED A LEADER IN THE FIELD OF PRESCHOOL EDUCATION FOR THE BLIND AND VISUALLY IMPAIRED; OTHER STATES BENCHMARK THEIR MODEL AGAINST OURS.
Expenses $616,788 · Revenue $435,588
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Shari L HouseSHARI L HOUSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer BrattonJENNIFER BRATTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Aaron BensonAARON BENSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alejandro Erick FrancoALEJANDRO ERICK FRANCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Arvetta JideonwoARVETTA JIDEONWO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Donna Brostek LeeDONNA BROSTEK LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Ashima GuptaDR ASHIMA GUPTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Paresh GuptaDR PARESH GUPTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Emily KrauserEMILY KRAUSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Glen StuckelGLEN STUCKEL
HONORARY BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jelisa ChatmanJELISA CHATMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jenna FahlbushJENNA FAHLBUSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer AringtonJENNIFER ARINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jerry BizerJERRY BIZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John AndersJOHN ANDERS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Mike JohnsonMIKE JOHNSON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Nathan HolladayNATHAN HOLLADAY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Paul FrazierPAUL FRAZIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sharon BensingerSHARON BENSINGER
FOUNDING BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Taylor GehringTAYLOR GEHRING
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Theresa ConnollyTHERESA CONNOLLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve DeeleySTEVE DEELEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Emily PossidentoEMILY POSSIDENTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Loren PrizantLOREN PRIZANT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melissa RiceMELISSA RICE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andy SteinbachANDY STEINBACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Missy VargaMISSY VARGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Diane NelsonDIANE NELSON
EXECUTIVE DIRECTOR
- Total calculated
- $159,243
- From this org
- $146,523
- From related orgs
- $0
- Other
- $12,720
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $146,523
- Bonus
- $0
- Other
- $0
- Deferred
- $5,814
- Nontaxable benefits
- $6,906
- Filer's total
- $159,243
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
None.
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
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423209349307632
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