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← NATIONAL INDUSTRIES FOR THE BLIND

Form 990 for tax year 2024

Filed by NATIONAL INDUSTRIES FOR THE BLIND.

Totals

Total revenue
$40,558,816
Total expenses
$38,299,456
Contributions and grants received
$0
Grants paid
$564,024
Program service revenue
$35,115,287
Investment income
$717,279
Other revenue
$4,726,250
Total assets, end of year
$108,181,070
Total liabilities, end of year
$60,526,555
Net assets or fund balances, end of year
$47,654,515
Program services expenses (Part IX)
$31,136,070
Management and general expenses
$7,163,386
Fundraising expenses
$0
Program service expenses (Part III)
$31,136,070

Program services were 81.3% 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.

  • 2a · Program service revenue: ABILITYONE PROGRAM FEE

    total $33,307,027 · related or exempt $33,307,027

  • 2b · Program service revenue: DISTRIBUTION SVCS FEES

    total $1,732,378 · related or exempt $1,732,378

  • 2c · Program service revenue: INTEREST FROM PROGRAM

    total $75,882 · related or exempt $75,882

  • 3 · Investment income

    total $739,560 · excluded $739,560

  • 5 · Royalties

    total $26,500 · related or exempt $26,500

  • 6a · Gross rents

    real property $2,494,744

  • 6b · Less rental expenses

    real property $2,247,209

  • 6c · Rental income or loss

    real property $247,535

  • 6d · Net rental income or loss

    total $247,535 · unrelated business $89,577 · excluded $157,958

  • 7a · Gross sales of assets other than inventory

    securities $5,632,035

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

    securities $5,654,316

  • 7c · Gain or loss

    securities -$22,281

  • 7d · Net gain or loss

    total -$22,281 · excluded -$22,281

  • 10a · Gross sales of inventory

    $99,600,938

  • 10b · Cost of goods sold

    $95,304,510

  • 10c · Net income from sales of inventory

    total $4,296,428 · related or exempt $4,296,428

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $155,787 · excluded $155,787

  • 11e · Other revenue, total

    $155,787

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $564,024 · program services $564,024

  • 5 · Compensation of officers, directors and key employees

    total $1,991,160 · program services $1,800,986 · management and general $190,174

  • 7 · Other salaries and wages

    total $16,780,767 · program services $13,632,061 · management and general $3,148,706

  • 8 · Pension plan contributions

    total $1,592,737 · program services $1,280,208 · management and general $312,529

  • 9 · Other employee benefits

    total $2,232,412 · program services $1,875,134 · management and general $357,278

  • 10 · Payroll taxes

    total $1,341,255 · program services $1,105,010 · management and general $236,245

  • 11b · Fees: legal

    total $217,517 · program services $187,065 · management and general $30,452

  • 11c · Fees: accounting

    total $167,322 · management and general $167,322

  • 11d · Fees: lobbying

    total $75,000 · program services $75,000

  • 11f · Fees: investment management

    total $56,494 · management and general $56,494

  • 11g · Fees: other

    total $1,489,591 · program services $1,420,440 · management and general $69,151

  • 12 · Advertising and promotion

    total $1,741,934 · program services $1,741,934

  • 13 · Office expenses

    total $362,447 · program services $263,944 · management and general $98,503

  • 14 · Information technology

    total $913,184 · program services $785,338 · management and general $127,846

  • 16 · Occupancy

    total $1,007,436 · program services $866,395 · management and general $141,041

  • 17 · Travel

    total $483,745 · program services $455,348 · management and general $28,397

  • 19 · Conferences, conventions and meetings

    total $1,270,904 · program services $1,154,587 · management and general $116,317

  • 20 · Interest

    total $843,382 · program services $725,309 · management and general $118,073

  • 22 · Depreciation, depletion and amortization

    total $1,874,883 · program services $1,612,399 · management and general $262,484

  • 23 · Insurance

    total $158,863 · program services $136,622 · management and general $22,241

  • 24a · Other expenses: SERVICE BUREAU

    total $733,746 · program services $634,214 · management and general $99,532

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $388,945 · program services $64,257 · management and general $324,688

  • 24c · Other expenses: TRAINING

    total $301,077 · program services $206,456 · management and general $94,621

  • 24d · Other expenses: INVENTORY OBSOLESCENCE

    total $288,542 · program services $288,542

  • 24e · All other expenses

    total $1,422,089 · program services $260,797 · management and general $1,161,292

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,513,464 · end of year $11,381,328

  • 2 · Savings and temporary cash investments

    beginning of year $2,733 · end of year $767

  • 3 · Pledges and grants receivable

    beginning of year $152,942 · end of year $163,566

  • 4 · Accounts receivable

    beginning of year $18,953,593 · end of year $18,093,306

  • 7 · Other notes and loans receivable

    beginning of year $1,193,065 · end of year $520,562

  • 9 · Prepaid expenses and deferred charges

    beginning of year $528,987 · end of year $243,038

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

    $76,184,188

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

    $22,177,418

  • 10c · Land, buildings and equipment, net

    beginning of year $55,226,771 · end of year $54,006,770

  • 11 · Investments: publicly traded securities

    beginning of year $15,853,381 · end of year $20,710,914

  • 15 · Other assets

    beginning of year $2,789,854 · end of year $3,060,819

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,266,005 · end of year $25,599,678

  • 19 · Deferred revenue

    beginning of year $145,483 · end of year $42,040

  • 20 · Tax-exempt bond liabilities

    beginning of year $25,043,659 · end of year $24,249,294

  • 23 · Secured mortgages and notes payable

    beginning of year $10,455,203 · end of year $10,130,229

  • 25 · Other liabilities

    beginning of year $356,887 · end of year $505,314

  • 27 · Net assets without donor restrictions

    beginning of year $44,794,612 · end of year $47,458,149

  • 28 · Net assets with donor restrictions

    beginning of year $152,941 · end of year $196,366

Mission and programs · 2024

Mission

TO ENHANCE THE OPPORTUNITIES FOR THE ECONOMIC AND PERSONAL INDEPENDENCE OF PEOPLE WHO ARE BLIND, LOW VISION, OR VISUALLY IMPAIRED PRIMARILY THROUGH CREATING, SUSTAINING, AND IMPROVING EMPLOYMENT.

  • IN FISCAL YEAR 2025, NIB AND ITS ASSOCIATED NONPROFIT AGENCIES EMPLOYED OVER 4,800 AMERICANS WHO ARE BLIND, INCLUDING 435 VETERANS, AND GENERATED 205 NEW JOB OPPORTUNITIES FOR PEOPLE WHO ARE BLIND THROUGH U.S.-BASED PRODUCT MANUFACTURING AND SERVICE DELIVERY. NIB CONTINUES TO INVEST IN CAREER OPPORTUNITIES IN THE PROFESSIONAL SERVICES FIELDS. IN FISCAL 2025, 532 PEOPLE WHO ARE BLIND, LOW VISION, OR VISUALLY IMPAIRED WERE PROMOTED OR OBTAINED COMPETITIVE POSITIONS WITHIN NIB ASSOCIATED AGENCIES OR OTHER ORGANIZATIONS IN THEIR COMMUNITIES.

    Expenses $31,136,070 · Grants $564,024 · Revenue $39,438,215

As filed on the 2024 return.

Listed in Part VII

  • Paul M Healy

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kristin K French

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Richard T Ginman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Leslie Pine

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • David D'Arcangelo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Bryant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shellena Heber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jessica Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Zach Klipa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew H Koch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J Anthony Poleo

    DIRECTOR

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jonathan Yuen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fredrik C Palm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Teri J Shirk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ken J Fernald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dennis L Steiner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kyle E Johnson

    DIRECTOR (THRU 10/2024)

    Total calculated
    $0
    Hours/week
    1

  • Angela M Hartley

    EXEC VICE PRESIDENT

    Total calculated
    $459,756
    From this org
    $421,086
    From related orgs
    $0
    Other
    $38,670
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $395,478
    Bonus
    $25,608
    Other
    $0
    Deferred
    $37,950
    Nontaxable benefits
    $720
    Filer's total
    $459,756

  • Soraya Correa

    PRESIDENT & CEO

    Total calculated
    $358,443
    From this org
    $358,443
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $358,443
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $358,443

  • Matthew R Wieseler

    SENIOR VICE PRESIDENT

    Total calculated
    $251,565
    From this org
    $205,847
    From related orgs
    $0
    Other
    $45,718
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,211
    Bonus
    $13,636
    Other
    $0
    Deferred
    $24,354
    Nontaxable benefits
    $21,364
    Filer's total
    $251,565

  • Wendy G Roldan

    SENIOR VICE PRESIDENT & CFO

    Total calculated
    $237,258
    From this org
    $217,530
    From related orgs
    $0
    Other
    $19,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,041
    Bonus
    $13,489
    Other
    $0
    Deferred
    $19,728
    Nontaxable benefits
    $0
    Filer's total
    $237,258

  • Jeffrey M Hawting

    SENIOR VICE PRESIDENT

    Total calculated
    $193,673
    From this org
    $176,418
    From related orgs
    $0
    Other
    $17,255
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,939
    Bonus
    $8,479
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,255
    Filer's total
    $193,673

  • William S McElhaney

    CIO (FROM 05/2025)

    Total calculated
    $0
    Hours/week
    40

  • Aneta K Zawila Jordan

    VICE PRESIDENT

    Total calculated
    $231,975
    From this org
    $209,063
    From related orgs
    $0
    Other
    $22,912
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,440
    Bonus
    $12,623
    Other
    $0
    Deferred
    $22,912
    Nontaxable benefits
    $0
    Filer's total
    $231,975

  • Richard A Webster

    VICE PRESIDENT

    Total calculated
    $284,923
    From this org
    $238,947
    From related orgs
    $0
    Other
    $45,976
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,001
    Bonus
    $14,946
    Other
    $0
    Deferred
    $27,129
    Nontaxable benefits
    $18,847
    Filer's total
    $284,923

  • Kevin R Campbell

    VICE PRESIDENT

    Total calculated
    $251,267
    From this org
    $219,951
    From related orgs
    $0
    Other
    $31,316
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,553
    Bonus
    $13,398
    Other
    $0
    Deferred
    $24,153
    Nontaxable benefits
    $7,163
    Filer's total
    $251,267

  • Joseph B Pettiford Jr

    VICE PRESIDENT

    Total calculated
    $234,497
    From this org
    $206,192
    From related orgs
    $0
    Other
    $28,305
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,127
    Bonus
    $7,065
    Other
    $0
    Deferred
    $20,438
    Nontaxable benefits
    $7,867
    Filer's total
    $234,497

  • Nirmala Sivakumar

    SENIOR DIRECTOR

    Total calculated
    $249,033
    From this org
    $204,068
    From related orgs
    $0
    Other
    $44,965
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,020
    Bonus
    $20,048
    Other
    $0
    Deferred
    $23,601
    Nontaxable benefits
    $21,364
    Filer's total
    $249,033

  • Kevin A Lynch

    PRESIDENT & CEO EMERITUS

    Total calculated
    $333,817
    From this org
    $309,161
    From related orgs
    $0
    Other
    $24,656
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $280,561
    Bonus
    $25,000
    Other
    $3,600
    Deferred
    $21,938
    Nontaxable benefits
    $2,718
    Filer's total
    $333,817

  • Thomas K Lehrich

    FORMER VICE PRESIDENT

    Total calculated
    $194,090
    From this org
    $180,283
    From related orgs
    $0
    Other
    $13,807
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $180,283
    Bonus
    $0
    Other
    $0
    Deferred
    $13,807
    Nontaxable benefits
    $0
    Filer's total
    $194,090

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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
NIB OFFERS EACH DIRECTOR A REIMBURSEMENT OF UP TO $500 PER CALENDAR YEAR FOR THE COSTS OF HAVING HIS/HER SPOUSE ACCOMPANY HIM/HER TO A MEETING OF THE BOARD OF DIRECTORS. COMPANION PAYMENTS OF $500 WERE MADE TO DIRECTORS DURING THE CURRENT YEAR AND TREATED AS A TAXABLE BENEFIT.
PART I, LINE 7
PERFORMANCE INCENTIVES ARE DETERMINED BY THE NIB BOARD FOR THE CEO. FOR OTHER STAFF, THE INDIVIDUAL PERFORMANCE INCENTIVE IS A PERCENTAGE OF SALARY BASED ON THE ACHIEVEMENT OF PERSONAL PERFORMANCE OBJECTIVES PLUS THE ACHIEVEMENT OF ORGANIZATIONAL GOALS AS SPECIFIED IN THE ANNUAL PERFORMANCE PLAN.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • EMPIRE STATE EMPLOYMENT RESOURCES FOR THE BLIND

    501(C)(3) · FACILITATE PREFERRED SOURCE PROGRAM IN NEW YORK STATE · NY · controlled entity

    Directly controlled by NATIONAL INDUSTRIES FOR THE BLIND

  • CORE CAREER

    501(C)(3) · PROVIDING EMPLOYMENT RELATED SERVICES TO UNDERSERVED · VA · controlled entity

    Directly controlled by NATIONAL INDUSTRIES FOR THE BLIND

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PAEGR PROPERTIES LLC

    RENTAL REAL ESTATE · VA · income $1,688,411 · assets $49,645,717

    Directly controlled by NATIONAL INDUSTRIES FOR THE BLIND

  • PAEGR2 LLC

    RENTAL REAL ESTATE · VA · income $0 · assets $1,561,435

    Directly controlled by NATIONAL INDUSTRIES FOR THE BLIND

Provenance

Return type
form_990
Tax year
2024
Filed
28 July 2026
IRS schema version
2024v5.5
Source object
202622199349303497

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