Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $4,574,648 · excluded $4,574,648

• 7a · Gross sales of assets other than inventory

  securities $7,529,857

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

  securities $6,202,748

• 7c · Gain or loss

  securities $1,327,109

• 7d · Net gain or loss

  total $1,327,109 · excluded $1,327,109

• 10a · Gross sales of inventory

  $111,929,146

• 10b · Cost of goods sold

  $96,547,287

• 10c · Net income from sales of inventory

  total $15,381,859 · related or exempt $15,381,859

• 11a · Other revenue: CREDIT CARD REBATE

  total $32,191 · excluded $32,191

• 11e · Other revenue, total

  $32,191

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $262,173 · program services $262,173

• 5 · Compensation of officers, directors and key employees

  total $2,385,188 · program services $556,888 · management and general $1,828,300

• 7 · Other salaries and wages

  total $2,303,788 · program services $1,367,008 · management and general $936,780

• 8 · Pension plan contributions

  total $234,222 · program services $138,953 · management and general $95,269

• 9 · Other employee benefits

  total $619,310 · program services $480,244 · management and general $139,066

• 10 · Payroll taxes

  total $322,949 · program services $191,312 · management and general $131,637

• 11b · Fees: legal

  total $148,039 · management and general $148,039

• 11c · Fees: accounting

  total $108,905 · management and general $108,905

• 11f · Fees: investment management

  total $15,166 · management and general $15,166

• 11g · Fees: other

  total $509,165 · management and general $509,165

• 12 · Advertising and promotion

  total $305,703 · program services $305,703

• 13 · Office expenses

  total $336,036 · program services $205,365 · management and general $130,671

• 14 · Information technology

  total $1,281,820 · program services $54,902 · management and general $1,226,918

• 16 · Occupancy

  total $8,408 · management and general $8,408

• 17 · Travel

  total $209,803 · program services $73,060 · management and general $136,743

• 19 · Conferences, conventions and meetings

  total $41,155 · management and general $41,026 · fundraising $129

• 20 · Interest

  total $255,053 · management and general $255,053

• 22 · Depreciation, depletion and amortization

  total $505,826 · management and general $505,826

• 23 · Insurance

  total $319,729 · program services $122,965 · management and general $196,764

• 24a · Other expenses: FEES BASED ON SALES

  total $1,615,955 · program services $1,615,955

• 24b · Other expenses: CARD FEES

  total $760,787 · program services $477,155 · management and general $283,632

• 24c · Other expenses: BAD DEBT

  total $15,256 · management and general $15,256

• 24d · Other expenses: LICENSES & DUES

  total $2,834 · management and general $2,834

• 24e · All other expenses

  total $60,865 · management and general $60,865

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,474,693 · end of year $26,585,686

• 4 · Accounts receivable

  beginning of year $9,564,217 · end of year $5,163,927

• 8 · Inventories for sale or use

  beginning of year $16,669,377 · end of year $15,190,680

• 9 · Prepaid expenses and deferred charges

  beginning of year $481,985 · end of year $575,311

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

  $35,746,678

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

  $17,150,440

• 10c · Land, buildings and equipment, net

  beginning of year $19,865,758 · end of year $18,596,238

• 11 · Investments: publicly traded securities

  beginning of year $26,995,980 · end of year $22,695,032

• 12 · Investments: other securities

  beginning of year $1,000,000 · end of year $0

• 15 · Other assets

  beginning of year $1,756,946 · end of year $4,900,507

• 17 · Accounts payable and accrued expenses

  beginning of year $10,856,176 · end of year $11,309,826

• 19 · Deferred revenue

  beginning of year $3,091,096 · end of year $13,210,858

• 25 · Other liabilities

  beginning of year $9,799,833 · end of year $2,561,880

• 27 · Net assets without donor restrictions

  beginning of year $56,061,851 · end of year $66,624,817

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 $2,087,212 · share of assets $1,749,541 · controlled entity

  Directly controlled by INDUSTRIES FOR THE BLIND AND VISUALLY IMPAIRED INC