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Nonprofiteer
← BOSMA INDUSTRIES FOR THE BLIND INC

Form 990 for tax year 2023

Filed by BOSMA INDUSTRIES FOR THE BLIND INC.

Totals

Total revenue
$105,262,518
Total expenses
$86,703,871
Contributions and grants received
$559,436
Grants paid
$1,385,042
Program service revenue
$101,218,483
Investment income
$2,670,338
Other revenue
$814,261
Total assets, end of year
$115,365,688
Total liabilities, end of year
$9,017,886
Net assets or fund balances, end of year
$106,347,802
Program services expenses (Part IX)
$76,010,863
Management and general expenses
$9,972,950
Fundraising expenses
$720,058
Program service expenses (Part III)
$76,010,863

Program services were 87.7% 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.

  • 1a · Federated campaigns

    $7,830

  • 1d · Related organizations

    $234,020

  • 1e · Government grants (contributions)

    $307,900

  • 1f · All other contributions, gifts and grants

    $9,686

  • 2a · Program service revenue: EMPLOYMENT SERVICES

    total $99,719,596 · related or exempt $99,719,596

  • 2b · Program service revenue: REHABILITATION SERVICES

    total $1,498,887 · related or exempt $1,498,887

  • 3 · Investment income

    total $2,666,954 · excluded $2,666,954

  • 6a · Gross rents

    real property $79,658

  • 6b · Less rental expenses

    real property $6,739

  • 6c · Rental income or loss

    real property $72,919

  • 6d · Net rental income or loss

    total $72,919 · excluded $72,919

  • 7a · Gross sales of assets other than inventory

    securities $3,384

  • 7c · Gain or loss

    securities $3,384

  • 7d · Net gain or loss

    total $3,384 · excluded $3,384

  • 11a · Other revenue: MANAGEMENT FEE INCOME

    total $700,000 · related or exempt $700,000

  • 11b · Other revenue: BAD DEBT RECOVERY

    total $33,526 · related or exempt $33,526

  • 11c · Other revenue: CREDIT CARD REBATES

    total $7,816 · related or exempt $7,816

  • 11e · Other revenue, total

    $741,342

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,385,042 · program services $1,385,042

  • 5 · Compensation of officers, directors and key employees

    total $2,850,286 · program services $784,669 · management and general $1,909,980 · fundraising $155,637

  • 6 · Compensation of disqualified persons

    total $1,175,093 · program services $323,497 · management and general $787,431 · fundraising $64,165

  • 7 · Other salaries and wages

    total $3,787,614 · program services $1,043,261 · management and general $2,537,575 · fundraising $206,778

  • 9 · Other employee benefits

    total $2,540,020 · program services $858,854 · management and general $1,558,730 · fundraising $122,436

  • 11b · Fees: legal

    total $261,667 · management and general $261,667

  • 11c · Fees: accounting

    total $68,646 · management and general $68,646

  • 11d · Fees: lobbying

    total $163,448 · management and general $163,448

  • 11f · Fees: investment management

    total $26,543 · management and general $26,543

  • 12 · Advertising and promotion

    total $534,522 · management and general $477,854 · fundraising $56,668

  • 13 · Office expenses

    total $209,878 · program services $67,747 · management and general $135,575 · fundraising $6,556

  • 17 · Travel

    total $579,672 · program services $192,030 · management and general $383,330 · fundraising $4,312

  • 19 · Conferences, conventions and meetings

    total $115,885 · program services $6,650 · management and general $108,220 · fundraising $1,015

  • 22 · Depreciation, depletion and amortization

    total $584,241 · program services $217,777 · management and general $324,430 · fundraising $42,034

  • 23 · Insurance

    total $119,187 · program services $12,843 · management and general $103,366 · fundraising $2,978

  • 24a · Other expenses: PROGRAM RELATED COGS

    total $64,816,057 · program services $64,816,057

  • 24b · Other expenses: COMMISSION EXPENSE

    total $3,332,588 · program services $3,332,588

  • 24c · Other expenses: FREIGHT

    total $2,578,073 · program services $2,578,073

  • 24d · Other expenses: SOFTWARE

    total $658,932 · program services $180,789 · management and general $433,294 · fundraising $44,849

  • 24e · All other expenses

    total $916,477 · program services $210,986 · management and general $692,861 · fundraising $12,630

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,382,905 · end of year $30,324,758

  • 2 · Savings and temporary cash investments

    beginning of year $859,800 · end of year $799,967

  • 4 · Accounts receivable

    beginning of year $6,543,486 · end of year $8,384,070

  • 8 · Inventories for sale or use

    beginning of year $16,856,548 · end of year $11,699,205

  • 9 · Prepaid expenses and deferred charges

    beginning of year $539,489 · end of year $624,266

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

    $21,260,344

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

    $9,297,729

  • 10c · Land, buildings and equipment, net

    beginning of year $12,289,572 · end of year $11,962,615

  • 11 · Investments: publicly traded securities

    beginning of year $7,551,982 · end of year $50,415,739

  • 15 · Other assets

    beginning of year $988,833 · end of year $1,155,068

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,536,205 · end of year $7,908,180

  • 25 · Other liabilities

    beginning of year $976,511 · end of year $1,109,706

  • 27 · Net assets without donor restrictions

    beginning of year $86,499,899 · end of year $106,347,802

Mission and programs · 2023

Mission

BOSMA ENTERPRISES, CREATING OPPORTUNITIES FOR INDIVIDUALS WHO ARE BLIND OR VISUALLY IMPAIRED.

  • BOSMA'S MISSION IS TO CREATE OPPORTUNITIES FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED. THIS IS PRIMARILY ACCOMPLISHED BY PROVIDING EMPLOYMENT OPPORTUNITIES THROUGH MANUFACTURING AND SERVICE OPERATIONS. THE ORGANIZATION IS INDIANA'S LARGEST EMPLOYER OF PEOPLE WHO ARE BLIND WITH OVER 50% OF BOSMA'S 190-PERSON WORKFORCE BEING BLIND OR VISUALLY IMPAIRED. BOSMA HAS ALSO DEVELOPED VOCATIONAL ASSESSMENT AND SKILLS TRAINING FOR THESE INDIVIDUALS IN ADDITION TO VISION REHABILITATION PROGRAMS CREATING GREATER OPPORTUNITIES FOR UPWARD MOBILITY OR EMPLOYMENT AT OTHER COMPANIES IN THE COMMUNITY. BOSMA'S EMPLOYEES HAVE PACKAGED AND SHIPPED OVER 750 MILLION EXAM AND SURGICAL GLOVES AND 250,000 KITS TO OVER 700 LOCATIONS WORLDWIDE WITH A 99.9% ACCURACY RATE.

    Expenses $71,075,735 · Revenue $99,719,596

  • BOSMA, THROUGH ITS CENTER FOR VISIONARY SOLUTIONS, IS INDIANA'S LARGEST PROVIDER OF COMPREHENSIVE VISION REHABILITATION PROGRAMS. THESE PROGRAMS PROVIDE SKILLS NEEDED FOR AN INDIVIDUAL TO LIVE INDEPENDENTLY. THESE PROGRAMS SERVED OVER 900 HOOSIERS LAST YEAR. BOSMA PROVIDES IN-HOME COMMUNITY-BASED SERVICES SERVED OVER 600 SENIORS TEACHING THEM SKILLS TO BE INDEPENDENT IN THEIR HOME FROM SAFELY COOKING TO MANAGING HOUSEHOLD ITEMS LIKE MEDICATIONS AND BILLS. THE PROGRAM IS ALSO EXPANDING TO SERVE MORE INDIVIDUALS THROUGH VIRTUAL AND GROUP TRAINING AT SENIOR CENTERS AND OTHER COMMUNITY ORGANIZATIONS. EMPLOYMENT IS A MAJOR CHALLENGE FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED. IN FACT, 70% ARE NOT EMPLOYED. BOSMA'S COMMUNITY EMPLOYMENT SERVICES HELPED 141 PEOPLE WITH SKILLS NEEDED TO FIND GAINFUL EMPLOYMENT FROM RESUME WRITING AND INTERVIEWING TO ENSURING A WORKSPACE IS ACCESSIBLE WITH TOOLS LIKE SOFTWARE. BOSMA'S CENTER-BASED SERVICES IS A 3-5 MONTH RESIDENTIAL COMPREHENSIVE TRAINING PROGRAMS THAT SERVED 150 PEOPLE. CLIENTS COME TO BOSMA'S REHABILITATION CENTER LOCATED IN NORTHWEST INDIANAPOLIS TO LEARN HOW TO LIVE LIFE AS SOMEONE WITH VISION LOSS. THEY LEARN SKILLS LIKE HOW TO COOK AND CLEAN, USING TEXT-TO-SPEECH SOFTWARE, NAVIGATING AN ENVIRONMENT SAFELY WITH TOOLS LIKE A WHITE CANE. BOSMA'S CENTER ALSO SERVES AS A CLEARING HOUSE FOR PEOPLE TO CALL TO FIND OUT MORE INFORMATION ABOUT AVAILABLE RESOURCES THROUGH BOSMA AND OTHER AGENCIES. LAST YEAR, THE TEAM RESPONDED TO NEARLY 1,700 REQUESTS.

    Expenses $4,935,128 · Grants $1,385,042 · Revenue $1,498,887

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeffrey Mittman

    PRESIDENT/CE

    Total calculated
    $579,092
    From this org
    $576,686
    From related orgs
    $0
    Other
    $2,406
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $326,835
    Bonus
    $235,175
    Other
    $14,676
    Deferred
    not reported
    Nontaxable benefits
    $2,406
    Filer's total
    $579,092

  • Teresa Watson

    CFO

    Total calculated
    $318,346
    From this org
    $287,824
    From related orgs
    $0
    Other
    $30,522
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,694
    Bonus
    $84,950
    Other
    $12,180
    Deferred
    not reported
    Nontaxable benefits
    $30,522
    Filer's total
    $318,346

  • Jay Geshay Term Date 72023

    CSO

    Total calculated
    $285,537
    From this org
    $264,857
    From related orgs
    $0
    Other
    $20,680
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,523
    Bonus
    $54,847
    Other
    $7,487
    Deferred
    not reported
    Nontaxable benefits
    $20,680
    Filer's total
    $285,537

  • Dana Werner

    CHIEF OPER.

    Total calculated
    $277,655
    From this org
    $264,962
    From related orgs
    $0
    Other
    $12,693
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,699
    Bonus
    $77,987
    Other
    $12,276
    Deferred
    not reported
    Nontaxable benefits
    $12,693
    Filer's total
    $277,655

  • Lise Pace

    VP OF EXT. A

    Total calculated
    $267,264
    From this org
    $249,344
    From related orgs
    $0
    Other
    $17,920
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,057
    Bonus
    $63,794
    Other
    $12,493
    Deferred
    not reported
    Nontaxable benefits
    $17,920
    Filer's total
    $267,264

  • Douglas Pingel

    VP OPERATION

    Total calculated
    $265,523
    From this org
    $246,466
    From related orgs
    $0
    Other
    $19,057
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,896
    Bonus
    $69,778
    Other
    $12,792
    Deferred
    not reported
    Nontaxable benefits
    $19,057
    Filer's total
    $265,523

  • Jodi Virgil

    VP HUMAN RES

    Total calculated
    $246,984
    From this org
    $216,693
    From related orgs
    $0
    Other
    $30,291
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,231
    Bonus
    $62,300
    Other
    $12,162
    Deferred
    not reported
    Nontaxable benefits
    $30,291
    Filer's total
    $246,984

  • Jason Bailey

    CHIEF TECH.

    Total calculated
    $241,560
    From this org
    $211,226
    From related orgs
    $0
    Other
    $30,334
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,930
    Bonus
    $39,035
    Other
    $12,261
    Deferred
    not reported
    Nontaxable benefits
    $30,334
    Filer's total
    $241,560

  • James Michaels

    VP PROGRAM S

    Total calculated
    $216,152
    From this org
    $185,873
    From related orgs
    $0
    Other
    $30,279
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,888
    Bonus
    $28,280
    Other
    $12,705
    Deferred
    not reported
    Nontaxable benefits
    $30,279
    Filer's total
    $216,152

  • Brandon Wells

    EXEC DIR PHI

    Total calculated
    $183,982
    From this org
    $181,717
    From related orgs
    $0
    Other
    $2,265
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $143,850
    Bonus
    $25,753
    Other
    $12,114
    Deferred
    not reported
    Nontaxable benefits
    $2,265
    Filer's total
    $183,982

  • Tonja Saprissa

    SENIOR MGR O

    Total calculated
    $174,124
    From this org
    $149,597
    From related orgs
    $0
    Other
    $24,527
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,429
    Bonus
    $35,003
    Other
    $165
    Deferred
    not reported
    Nontaxable benefits
    $24,527
    Filer's total
    $174,124

  • Kristin Stickle

    CONTROLLER

    Total calculated
    $173,710
    From this org
    $161,394
    From related orgs
    $0
    Other
    $12,316
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,771
    Bonus
    $29,525
    Other
    $98
    Deferred
    not reported
    Nontaxable benefits
    $12,316
    Filer's total
    $173,710

  • Daniel Briles

    DIR. OF COMP

    Total calculated
    $164,435
    From this org
    $134,573
    From related orgs
    $0
    Other
    $29,862
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,694
    Bonus
    $22,818
    Other
    $61
    Deferred
    not reported
    Nontaxable benefits
    $29,862
    Filer's total
    $164,435

  • Brian Petraits

    DIR OF MANUF

    Total calculated
    $150,206
    From this org
    $134,322
    From related orgs
    $0
    Other
    $15,884
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,830
    Bonus
    $23,439
    Other
    $53
    Deferred
    not reported
    Nontaxable benefits
    $15,884
    Filer's total
    $150,206

  • Sheri L Hottle Term Date82023

    VP OF COM. S

    Total calculated
    $147,665
    From this org
    $141,895
    From related orgs
    $0
    Other
    $5,770
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $99,148
    Bonus
    $35,590
    Other
    $7,157
    Deferred
    not reported
    Nontaxable benefits
    $5,770
    Filer's total
    $147,665

  • William Powell

    DIRECTOR OF

    Total calculated
    $147,071
    From this org
    $134,843
    From related orgs
    $0
    Other
    $12,228
    Hours/week
    40

  • Rebecca Evans

    ACCOUNTING

    Total calculated
    $144,517
    From this org
    $127,058
    From related orgs
    $0
    Other
    $17,459
    Hours/week
    40

  • Jamie Wilber Start Date112023

    VP OF COM. S

    Total calculated
    $41,556
    From this org
    $41,522
    From related orgs
    $0
    Other
    $34
    Hours/week
    40

  • Keith Berlen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bart Book

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Bosma

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steven L Bucksot

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

  • Chris Dunlavey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Oscar A Gutierrez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keith Isom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald Koors

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Mandrell

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gregory Ottinger

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Stephen M Powell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Amanda Rose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Connor Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Weber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

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 · 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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
16 January 2025
IRS schema version
2023v6.0
Source object
202540219349300409

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