Skip to content
Nonprofiteer
← BRAILLE INSTITUTE OF AMERICA INC

Form 990 for tax year 2022

Filed by BRAILLE INSTITUTE OF AMERICA INC.

Totals

Total revenue
$29,582,081
Total expenses
$23,614,561
Contributions and grants received
$13,942,978
Grants paid
$0
Program service revenue
$0
Investment income
$11,101,458
Other revenue
$4,537,645
Total assets, end of year
$267,484,419
Total liabilities, end of year
$5,958,002
Net assets or fund balances, end of year
$261,526,417
Program services expenses (Part IX)
$17,289,884
Management and general expenses
$2,934,294
Fundraising expenses
$3,390,383
Program service expenses (Part III)
$17,289,884

Program services were 73.2% 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.

  • 1c · Fundraising events

    $3,640

  • 1e · Government grants (contributions)

    $747,500

  • 1f · All other contributions, gifts and grants

    $13,191,838

  • 1g · Noncash contributions included above

    $10,738

  • 3 · Investment income

    total $4,962,641 · excluded $4,962,641

  • 5 · Royalties

    total $4,156,108 · excluded $4,156,108

  • 6a · Gross rents

    real property $286,264

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $286,264

  • 6d · Net rental income or loss

    total $286,264 · excluded $286,264

  • 7a · Gross sales of assets other than inventory

    securities $11,282,349 · other assets $9,893

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

    securities $5,142,688 · other assets $10,737

  • 7c · Gain or loss

    securities $6,139,661 · other assets -$844

  • 7d · Net gain or loss

    total $6,138,817 · related or exempt -$844 · excluded $6,139,661

  • 8a · Fundraising events: gross income

    $82,149

  • 8a · Fundraising events: contributions included on line 1c

    $3,640

  • 8b · Fundraising events: direct expenses

    $31,691

  • 8c · Net income from fundraising events

    total $50,458 · excluded $50,458

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $44,815 · excluded $44,815

  • 11e · Other revenue, total

    $44,815

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,781,200 · program services $407,954 · management and general $974,783 · fundraising $398,463

  • 7 · Other salaries and wages

    total $10,076,037 · program services $8,288,598 · management and general $517,262 · fundraising $1,270,177

  • 8 · Pension plan contributions

    total $614,944 · program services $500,440 · management and general $38,813 · fundraising $75,691

  • 9 · Other employee benefits

    total $1,244,351 · program services $956,910 · management and general $138,144 · fundraising $149,297

  • 10 · Payroll taxes

    total $869,760 · program services $638,876 · management and general $106,169 · fundraising $124,715

  • 11b · Fees: legal

    total $159,116 · management and general $159,116

  • 11c · Fees: accounting

    total $65,810 · management and general $65,810

  • 11e · Fees: professional fundraising services

    total $108,000 · fundraising $108,000

  • 11f · Fees: investment management

    total $28,122 · management and general $28,122

  • 11g · Fees: other

    total $967,196 · program services $390,075 · management and general $549,424 · fundraising $27,697

  • 13 · Office expenses

    total $135,909 · program services $99,519 · management and general $28,423 · fundraising $7,967

  • 14 · Information technology

    total $432,668 · program services $325,523 · management and general $74,885 · fundraising $32,260

  • 16 · Occupancy

    total $1,895,845 · program services $1,791,854 · management and general $73,410 · fundraising $30,581

  • 19 · Conferences, conventions and meetings

    total $198,888 · program services $89,423 · management and general $58,943 · fundraising $50,522

  • 22 · Depreciation, depletion and amortization

    total $1,136,796 · program services $1,096,494 · management and general $22,144 · fundraising $18,158

  • 23 · Insurance

    total $291,177 · program services $267,884 · management and general $14,559 · fundraising $8,734

  • 24a · Other expenses: EQUIP & FACILITY MAINT

    total $1,342,048 · program services $1,200,627 · management and general $67,114 · fundraising $74,307

  • 24b · Other expenses: DIRECT MAIL

    total $989,560 · fundraising $989,560

  • 24c · Other expenses: COMMUNITY RELATIONS

    total $465,765 · program services $465,347 · fundraising $418

  • 24d · Other expenses: INSTRUCTIONAL PRGM SUPP

    total $387,783 · program services $387,783

  • 24e · All other expenses

    total $423,586 · program services $382,577 · management and general $17,173 · fundraising $23,836

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $475,555 · end of year $2,018,150

  • 2 · Savings and temporary cash investments

    beginning of year $902,877 · end of year $561,757

  • 3 · Pledges and grants receivable

    beginning of year $50,847 · end of year $38,741

  • 4 · Accounts receivable

    beginning of year $26,676 · end of year $43,243

  • 8 · Inventories for sale or use

    beginning of year $33,195 · end of year $31,318

  • 9 · Prepaid expenses and deferred charges

    beginning of year $163,898 · end of year $210,746

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

    $61,666,893

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

    $39,365,056

  • 10c · Land, buildings and equipment, net

    beginning of year $22,370,538 · end of year $22,301,837

  • 11 · Investments: publicly traded securities

    beginning of year $220,696,854 · end of year $237,198,495

  • 12 · Investments: other securities

    beginning of year $1,296,003 · end of year $865,294

  • 15 · Other assets

    beginning of year $4,496,869 · end of year $4,214,838

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,327,094 · end of year $2,619,818

  • 25 · Other liabilities

    beginning of year $4,203,492 · end of year $3,338,184

  • 27 · Net assets without donor restrictions

    beginning of year $201,263,925 · end of year $219,038,034

  • 28 · Net assets with donor restrictions

    beginning of year $41,718,801 · end of year $42,488,383

Mission and programs · 2022

Mission

To eliminate barriers caused by blindness and severe sight loss. Continued in Schedule O

Activities or mission (Part I)

To eliminate barriers caused by blindness and severe sight loss.

  • (SEE SCHEDULE O)A. Through Braille Institute's Educational Services, 1,381 adults, ages 18 and older, participated in more than 71,000 hours of group classes in two core areas: 1) Daily Living Skills, which teaches adaptive techniques for completing everyday tasks that are critical to staying independent and maintaining quality of life, and 2) Arts & Healthy Living classes that support emotional and mental well-being. These include exercise, art, fall prevention, diabetic management, book clubs, discussion groups, and more. 1,739 additional adults (including Braille Institute students, low vision professionals, and other community members) attended a variety of seminars, workshops, and professional trainings. Our O&M specialists provided 4,297 one-on-one training sessions to 741 adults on how to prevent falls and safely navigate their environment using a white cane and sensory awareness. Our Independent Living Skills Instructors provided one-on-one instruction to 250 adults on adaptive techniques for completing routine tasks in the home on their own.B. Braille Institute's Youth Program helped 83 young people (ages 7-19) cultivate self-confidence, independence, and set goals for the future.C. Braille Institute's Child Development program for blind and visually impaired children (ages birth to 6) provided one-on-one services to 183 children and their families.D. Braille Institute's Low Vision Rehabilitation Occupational Therapists provided 4,437 one-on-one consultations to 1,850 adults.E. Braille Institute's Connection Pointe staff provided 3,964 one-one-one training sessions in the use of mainstream devices with adaptive features and specialized technologies designed for people with a vision impairment to 1,128 students.F. Braille Institute's award-winning national Braille Challenge competition, which tests braille competency skills, reached 853 students in grades 1-12. Our national orientation & mobility competition, Cane Quest, reached around 284 students in grades 3-12.

    Expenses $13,078,278

  • (SEE SCHEDULE O)Braille Institute's award-winning library is the official Southern California branch of the National Library Service for the Blind and Print Disabled, a division of the Library of Congress. With a collection of more than 115,000 book titles in digital cartridge, braille, electronic, and large print formats, the Library is Braille Institute's most used service. This year we served 11,616 patrons. In addition to checking out 985,828 digital and braille books, Library patrons received one-on-one training in the use of accessible reading technologies. Braille Institute's comprehensive Library services are available through the main library in our Los Angeles headquarters and through our six centers (Anaheim, Coachella Valley, Laguna Hills, Riverside, San Diego, and Santa Barbara) and through partner institutions, which include senior living residences, public schools, and public libraries across the ten counties of Southern California.

    Expenses $3,056,804

  • (SEE SCHEDULE O)Braille Institute's Special Collection had 8,351 subscribers this year. Program staff produced and distributed 1,493 "Dots for Tots" braille storybook kits (for preschool children ages 2-5) free to subscribers.

    Expenses $1,154,802

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James J Rhodes

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • George E Thomas

    Director

    Total calculated
    $0
    Hours/week
    1

  • Patricia Bramhall

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael C Corley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeanne Olenicoff

    Director

    Total calculated
    $0
    Hours/week
    1

  • James H Jackson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Linda A Lam

    Director

    Total calculated
    $0
    Hours/week
    1

  • Richard A Nelson

    Director

    Total calculated
    $0
    Hours/week
    1

  • William J Link

    Director

    Total calculated
    $0
    Hours/week
    1

  • Percy Duran III

    Director

    Total calculated
    $0
    Hours/week
    1

  • John G Nuanes

    Director

    Total calculated
    $0
    Hours/week
    1

  • Harvey Strode

    Director

    Total calculated
    $0
    Hours/week
    1

  • Diane Wilkinson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lester M Sussman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Peter Mindnich

    President

    Total calculated
    $507,708
    From this org
    $453,334
    From related orgs
    $0
    Other
    $54,374
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $450,743
    Bonus
    $0
    Other
    $2,591
    Deferred
    $20,920
    Nontaxable benefits
    $33,454
    Filer's total
    $507,708

  • Reza Rahman

    CFO

    Total calculated
    $271,746
    From this org
    $225,146
    From related orgs
    $0
    Other
    $46,600
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $223,800
    Bonus
    $0
    Other
    $1,346
    Deferred
    $15,473
    Nontaxable benefits
    $31,127
    Filer's total
    $271,746

  • Anthony Taketa

    Secretary

    Total calculated
    $267,057
    From this org
    $223,860
    From related orgs
    $0
    Other
    $43,197
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $222,514
    Bonus
    $0
    Other
    $1,346
    Deferred
    $15,194
    Nontaxable benefits
    $28,003
    Filer's total
    $267,057

  • James Kales

    Chief Executive Officer (From 12/22)

    Total calculated
    $27,158
    From this org
    $26,113
    From related orgs
    $0
    Other
    $1,045
    Hours/week
    1

  • Gary Jimenez

    VP Development

    Total calculated
    $257,701
    From this org
    $227,609
    From related orgs
    $0
    Other
    $30,092
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $227,609
    Bonus
    $0
    Other
    $0
    Deferred
    $15,357
    Nontaxable benefits
    $14,735
    Filer's total
    $257,701

  • Lisa Jimenez

    VP Program & Serv.

    Total calculated
    $200,733
    From this org
    $177,031
    From related orgs
    $0
    Other
    $23,702
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $176,154
    Bonus
    $0
    Other
    $877
    Deferred
    $11,045
    Nontaxable benefits
    $12,657
    Filer's total
    $200,733

  • Sergo Oilva Alfaro

    VP Program & Serv.

    Total calculated
    $194,288
    From this org
    $173,163
    From related orgs
    $0
    Other
    $21,125
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $172,959
    Bonus
    $0
    Other
    $204
    Deferred
    $10,630
    Nontaxable benefits
    $10,495
    Filer's total
    $194,288

  • Sandy Shin

    VP Marketing & Communication

    Total calculated
    $239,374
    From this org
    $180,688
    From related orgs
    $0
    Other
    $58,686
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $179,811
    Bonus
    $0
    Other
    $877
    Deferred
    $12,296
    Nontaxable benefits
    $46,390
    Filer's total
    $239,374

  • Maria Valdivia

    VP Technology

    Total calculated
    $194,400
    From this org
    $170,792
    From related orgs
    $0
    Other
    $23,608
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $169,446
    Bonus
    $0
    Other
    $1,346
    Deferred
    $10,523
    Nontaxable benefits
    $13,085
    Filer's total
    $194,400

  • Dhaval Shah

    Director of IT

    Total calculated
    $170,607
    From this org
    $143,389
    From related orgs
    $0
    Other
    $27,218
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $143,083
    Bonus
    $0
    Other
    $306
    Deferred
    $8,597
    Nontaxable benefits
    $18,621
    Filer's total
    $170,607

  • Jamie Aung

    Controller

    Total calculated
    $170,048
    From this org
    $143,745
    From related orgs
    $0
    Other
    $26,303
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $142,868
    Bonus
    $0
    Other
    $877
    Deferred
    $8,530
    Nontaxable benefits
    $17,773
    Filer's total
    $170,048

  • Cindy Chan

    Director Planned Giving

    Total calculated
    $163,557
    From this org
    $145,902
    From related orgs
    $0
    Other
    $17,655
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $145,902
    Bonus
    $0
    Other
    $0
    Deferred
    $8,375
    Nontaxable benefits
    $9,280
    Filer's total
    $163,557

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 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

No itemized grants to organizations 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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349308228

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.