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← READERS DIGEST PARTNERS FOR SIGHT FOUNDATION

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 Krieger

    CHAIR

    Total calculated
    $0
    Hours/week
    4
  • Angela Winfield

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • James Deremeik

    VICE CHAIR THRU JUNE 18, 2025

    Total calculated
    $0
    Hours/week
    2
  • John Krieger

    TREASURER & SECRETARY

    Total calculated
    $0
    Hours/week
    3
  • Rob Hilliard

    SECRETARY THRU JUNE 18, 2025

    Total calculated
    $0
    Hours/week
    1
  • Donna Esposito

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Elise Grossman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5
  • William O'Connell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Naima West

    DIRECTOR THRU JUNE 18, 2025

    Total calculated
    $0
    Hours/week
    1
  • Soja Orlowski

    EXECUTIVE DIRECTOR

    Total calculated
    $37,866
    From this org
    $37,866
    From related orgs
    $0
    Other
    $0
    Hours/week
    50
  • Dianna 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

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202543159349303914

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