Form 990 for tax year 2024
Filed by READERS DIGEST PARTNERS FOR SIGHT FOUNDATION.
Totals
- Total revenue
- $1,619,997
- Total expenses
- $932,284
- Contributions and grants received
- $288,472
- Grants paid
- $282,500
- Program service revenue
- $0
- Investment income
- $1,082,516
- Other revenue
- $249,009
- Total assets, end of year
- $14,842,454
- Total liabilities, end of year
- $498,596
- Net assets or fund balances, end of year
- $14,343,858
- Program services expenses (Part IX)
- $700,583
- Management and general expenses
- $231,701
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $700,583
Program services were 75.1% 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.
-
1f · All other contributions, gifts and grants
$288,472
-
3 · Investment income
total $462,082 · excluded $462,082
-
5 · Royalties
total $1,992 · excluded $1,992
-
7a · Gross sales of assets other than inventory
securities $3,642,320
-
7b · Less cost or other basis and sales expenses
securities $3,021,886
-
7c · Gain or loss
securities $620,434
-
7d · Net gain or loss
total $620,434 · excluded $620,434
-
10a · Gross sales of inventory
$636,596
-
10b · Cost of goods sold
$389,579
-
10c · Net income from sales of inventory
total $247,017 · related or exempt $247,017
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $282,500 · program services $282,500
-
5 · Compensation of officers, directors and key employees
total $127,365 · program services $108,260 · management and general $19,105
-
7 · Other salaries and wages
total $55,460 · program services $44,368 · management and general $11,092
-
8 · Pension plan contributions
total $1,099 · program services $914 · management and general $185
-
10 · Payroll taxes
total $14,337 · program services $11,972 · management and general $2,365
-
11b · Fees: legal
total $420 · management and general $420
-
11c · Fees: accounting
total $51,840 · management and general $51,840
-
11f · Fees: investment management
total $50,000 · management and general $50,000
-
11g · Fees: other
total $31,451 · management and general $31,451
-
13 · Office expenses
total $23,089 · program services $7,614 · management and general $15,475
-
14 · Information technology
total $41,582 · management and general $41,582
-
16 · Occupancy
total $1,062 · program services $637 · management and general $425
-
17 · Travel
total $11,399 · program services $11,399
-
19 · Conferences, conventions and meetings
total $2,570 · management and general $2,570
-
23 · Insurance
total $2,414 · management and general $2,414
-
24a · Other expenses: PROMOTION AND BILLING
total $146,787 · program services $146,787
-
24b · Other expenses: FULFILLMENT COSTS
total $86,132 · program services $86,132
-
24c · Other expenses: MISCELLANEOUS EXPENSES
total $2,777 · management and general $2,777
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $103,243 · end of year $192,332
-
2 · Savings and temporary cash investments
beginning of year $15,930 · end of year $15,930
-
4 · Accounts receivable
beginning of year $6,439 · end of year $1,681
-
9 · Prepaid expenses and deferred charges
beginning of year $7,773 · end of year $9,578
-
11 · Investments: publicly traded securities
beginning of year $13,610,147 · end of year $14,192,718
-
12 · Investments: other securities
end of year $429,945
-
15 · Other assets
beginning of year $270 · end of year $270
-
17 · Accounts payable and accrued expenses
beginning of year $38,100 · end of year $29,939
-
19 · Deferred revenue
beginning of year $550,266 · end of year $468,657
-
27 · Net assets without donor restrictions
beginning of year $13,155,436 · end of year $14,343,858
Mission and programs · 2024
Mission
SEE SCHEDULE OREADER'S DIGEST PARTNERS FOR SIGHT FOUNDATION IS DEDICATED TO FOSTERING THE INDEPENDENCE OF PEOPLE WHO ARE BLIND AND VISUALLY IMPAIRED. WE BELIEVE IN AN ACCESSIBLE AND INCLUSIVE WORLD WHERE PEOPLE WHO ARE BLIND AND VISUALLY IMPAIRED HAVE THE TOOLS, RESOURCES, AND OPPORTUNITY TO LEAD INDEPENDENT AND FULFILLING LIVES. THROUGH OUR SUPPORT OF NON-PROFIT ORGANIZATIONS THAT SHARE THIS PHILOSOPHY, WE ARE MAKING THE WORLD MORE ACCESSIBLE TO NAVIGATE FOR THOUSANDS OF PEOPLE EVERY DAY.
Activities or mission (Part I)
SEE SCHEDULE O
-
READER'S DIGEST PARTNERS FOR SIGHT FOUNDATION PROVIDES VALUABLE FINANCIAL ASSISTANCE TO ORGANIZATIONS THAT DIRECTLY SUPPORT INDIVIDUALS WHO ARE BLIND OR VISUALLY IMPAIRED. THIS CRUCIAL AID EMPOWERS THESE ORGANIZATIONS TO CATER TO PEOPLE OF ALL AGES AND DIVERSE STAGES OF VISION LOSS BY OFFERING COMPREHENSIVE TRAINING IN ESSENTIAL SKILLS LIKE DAILY ACTIVITIES, ORIENTATION AND MOBILITY TRAINING, ASSISTIVE TECHNOLOGY, GUIDE DOG USAGE, LOW VISION REHABILITATION, LITERACY, AND BRAILLE. MOREOVER, THE FOUNDATION EXTENDS ITS GENEROUS SUPPORT TO ORGANIZATIONS OFFERING CAREER DEVELOPMENT, VOCATIONAL TRAINING, RECREATIONAL ACTIVITIES, AND YOUTH TRANSITIONING PROGRAMS FOR BLIND AND VISUALLY IMPAIRED PERSONS. RDPFS ALSO LENDS A HELPING HAND BY ENGAGING IN OUTREACH TO LOW-VISION ORGANIZATIONS.RDPFS HAS A THOROUGH GRANT PROPOSAL AND OUTCOME EVALUATION PROCESS, WHICH HELPS ENSURE THE SUCCESS OF THE FUNDED PROGRAMS. IN FISCAL YEAR 2025, RDPFS APPROVED 6 GRANTS TO KEY ORGANIZATIONS ACROSS THE UNITED STATES IN THE FIRST HALF OF THE YEAR BEFORE PAUSING TO RE-EVALUATE GRANTMAKING STRATEGY. GRANT MONIES WERE DESIGNATED FOR THE FOLLOWING PROGRAMS: LAUNCH AN ASSESSMENT PROTOCOL FOR CEREBRAL CORTICAL VISUAL IMPAIRMENT, PROVIDE TRAINING WORKSHOPS AND RAISE PUBLIC AWARENESS ON CVI. SUPPORT A NATIONAL RECRUITMENT EFFORT TO CONNECT POTENTIAL CANDIDATES TO SCHOOLS OFFERING DEGREES/ CERTIFICATION PROGRAMS FOR NEW TEACHERS OF THE VISUALLY IMPAIRED. CREATE TRAINING WORKSHOPS FOR UTILIZING THE MICROSOFT SEEING AI APPLICATION FOR BOTH BLIND AND LOW VISION USERS ON BOTH APPLE AND ANDROID PHONES. LAUNCH AN INNOVATIVE GROUP ADAPTIVE LIVING RESIDENTIAL TRAINING PROGRAM FOR THE UNDERSERVED 55+ ADULT POPULATION TO ADDRESS LONG WAITLISTS FOR INDIVIDUAL REHABILITATION SERVICES IN THIS FAST GROWING SEGMENT. DEVELOP A TRAINING PROGRAM TO PROVIDE A CLEAR PATH FOR CAREER ADVANCEMENT WITHIN IN THE IT SERVICE INDUSTRY THROUGH ADDITIONAL CERTIFICATION. MODERNIZATION OF A RECORDING STUDIO TO PRODUCE HIGHER-QUALITY MATERIALS FOR INDIVIDUALS WHO ARE BLIND, HAVE LOW VISION, OR ARE PRINT-DISABLED. COLLECTIVELY, THESE PROGRAMS REACH THOUSANDS OF BLIND AND VISUALLY IMPAIRED INDIVIDUALS NATIONWIDE EACH YEAR.
Expenses $414,384 · Grants $282,500
-
IN FY 2025, THE RDPFS EXTENSIVE PRINT PUBLISHING PROGRAM SIGNIFICANTLY CATERED TO THE NEEDS OF 30,944 INDIVIDUALS THROUGH ITS "FICTION FAVORITES LARGE PRINT (FORMERLY SELECT EDITIONS LARGE TYPE) PERIODICAL. A TOTAL OF 141,774 VOLUMES WERE DISTRIBUTED TO SUBSCRIBERS, ENSURING THEY HAD ACCESS TO ENGAGING READING MATERIAL TAILORED FOR EASE OF READING FOR THOSE WITH LOW VISION. IN ADDITION TO THE PROMINENT PRINT PERIODICAL, SUBSCRIBERS RECEIVED A LARGE PRINT CALENDAR WITH ESSENTIAL INFORMATION ON ACCESSING LOW-VISION SERVICES. BY OFFERING CONTENT FORMATTED AND PRINTED TO SPECIFIC ACCESSIBILITY STANDARDS, THE PROGRAM IS COMMITTED TO EMPOWERING INDIVIDUALS WITH LOW VISION, ENSURING THEY CAN ENJOY READING AND STAY INFORMED IN A WAY THAT FULFILLS THEIR UNIQUE NEEDS.
Expenses $286,199 · Revenue $247,017
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Matthew KriegerMATTHEW KRIEGER
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Angela WinfieldANGELA WINFIELD
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
James DeremeikJAMES DEREMEIK
VICE CHAIR THRU JUNE 18, 2025
- Total calculated
- $0
- Hours/week
- 2
-
John KriegerJOHN KRIEGER
TREASURER & SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Rob HilliardROB HILLIARD
SECRETARY THRU JUNE 18, 2025
- Total calculated
- $0
- Hours/week
- 1
-
Donna EspositoDONNA ESPOSITO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Elise GrossmanELISE GROSSMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
William O'ConnellWILLIAM O'CONNELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Naima WestNAIMA WEST
DIRECTOR THRU JUNE 18, 2025
- Total calculated
- $0
- Hours/week
- 1
-
Soja OrlowskiSOJA ORLOWSKI
EXECUTIVE DIRECTOR
- Total calculated
- $37,866
- From this org
- $37,866
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
Dianna M NaghizadehDIANNA M NAGHIZADEH
GRANT DIRECTOR
- Total calculated
- $113,762
- From this org
- $111,075
- From related orgs
- $0
- Other
- $2,687
- Hours/week
- 45
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.
Grants on this return
-
$72,500
TRAINING WORKSHOPS FOR MICROSOFT SEEING AI APPLICATION FOR BOTH BLIND AND LOW VISION USERS.
-
$50,000
ADDRESS CEREBRAL CORTICAL VISUAL IMPAIRMENT: ASSESSMENT PROTOCOL, TRAINING WORKSHOPS AND PUBLIC AWARENESS CAMPAIGN.
-
$50,000
SUPPORT FOR NATIONAL TVI RECRUITMENT PROGRAM
-
SUPPORT FOR GROUP ADAPTIVE LIVING PROGRAM
-
$50,000
TRAINING PROGRAM FOR CAREER ADVANCEMENT IN IT SUPPORT SERVICES WITH ADVANCED CERTIFICATION
-
$10,000
MODERNIZE RECORDING STUDIO FOR HIGHER-QUALITY AUDIO FOR PRINT-DISABLED BLIND AND LOW VISION USERS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543159349303914
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