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Nonprofiteer
← BOSMA INDUSTRIES FOR THE BLIND INC

Form 990 for tax year 2024

Filed by BOSMA INDUSTRIES FOR THE BLIND INC.

Totals

Total revenue
$109,288,049
Total expenses
$97,284,485
Contributions and grants received
$449,251
Grants paid
$10,874,135
Program service revenue
$105,134,160
Investment income
$2,902,172
Other revenue
$802,466
Total assets, end of year
$128,208,005
Total liabilities, end of year
$8,996,729
Net assets or fund balances, end of year
$119,211,276
Program services expenses (Part IX)
$85,420,935
Management and general expenses
$11,095,802
Fundraising expenses
$767,748
Program service expenses (Part III)
$85,420,935

Program services were 87.8% 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.

  • 1a · Federated campaigns

    $53,973

  • 1d · Related organizations

    $237,695

  • 1e · Government grants (contributions)

    $103,669

  • 1f · All other contributions, gifts and grants

    $53,914

  • 2a · Program service revenue: EMPLOYMENT SERVICES

    total $103,440,636 · related or exempt $103,440,636

  • 2b · Program service revenue: REHABILITATION SERVICES

    total $1,693,524 · related or exempt $1,693,524

  • 3 · Investment income

    total $2,789,409 · excluded $2,789,409

  • 6a · Gross rents

    real property $84,708

  • 6b · Less rental expenses

    real property $5,910

  • 6c · Rental income or loss

    real property $78,798

  • 6d · Net rental income or loss

    total $78,798 · excluded $78,798

  • 7a · Gross sales of assets other than inventory

    securities $118,930

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

    other assets $6,167

  • 7c · Gain or loss

    securities $118,930 · other assets -$6,167

  • 7d · Net gain or loss

    total $112,763 · excluded $112,763

  • 11a · Other revenue: MANAGEMENT FEE INCOME

    total $710,000 · related or exempt $710,000

  • 11b · Other revenue: CREDIT CARD REBATES

    total $11,783 · related or exempt $11,783

  • 11c · Other revenue: BAD DEBT RECOVERY

    total $1,870 · related or exempt $1,870

  • 11d · All other revenue

    total $15 · related or exempt $15

  • 11e · Other revenue, total

    $723,668

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,874,135 · program services $10,874,135

  • 5 · Compensation of officers, directors and key employees

    total $1,884,835 · program services $465,605 · management and general $1,319,830 · fundraising $99,400

  • 6 · Compensation of disqualified persons

    total $1,096,871 · program services $270,957 · management and general $768,069 · fundraising $57,845

  • 7 · Other salaries and wages

    total $5,705,580 · program services $1,409,431 · management and general $3,995,257 · fundraising $300,892

  • 9 · Other employee benefits

    total $2,506,572 · program services $754,746 · management and general $1,638,365 · fundraising $113,461

  • 11b · Fees: legal

    total $180,202 · management and general $180,202

  • 11c · Fees: accounting

    total $84,615 · management and general $84,500 · fundraising $115

  • 11d · Fees: lobbying

    total $214,213 · management and general $214,213

  • 11f · Fees: investment management

    total $56,878 · management and general $56,878

  • 12 · Advertising and promotion

    total $544,540 · management and general $463,092 · fundraising $81,448

  • 13 · Office expenses

    total $184,879 · program services $67,457 · management and general $106,930 · fundraising $10,492

  • 17 · Travel

    total $682,608 · program services $246,344 · management and general $423,512 · fundraising $12,752

  • 19 · Conferences, conventions and meetings

    total $121,894 · program services $11,902 · management and general $106,601 · fundraising $3,391

  • 20 · Interest

    total $387 · management and general $387

  • 22 · Depreciation, depletion and amortization

    total $550,644 · program services $229,880 · management and general $297,428 · fundraising $23,336

  • 23 · Insurance

    total $135,802 · program services $14,965 · management and general $117,367 · fundraising $3,470

  • 24a · Other expenses: PROGRAM RELATED COGS

    total $64,220,093 · program services $64,220,093

  • 24b · Other expenses: COMMISSION EXPENSE

    total $3,413,062 · program services $3,413,062

  • 24c · Other expenses: FREIGHT

    total $3,012,433 · program services $3,012,433

  • 24d · Other expenses: SOFTWARE

    total $736,455 · program services $193,989 · management and general $497,919 · fundraising $44,547

  • 24e · All other expenses

    total $1,077,787 · program services $235,936 · management and general $825,252 · fundraising $16,599

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,324,758 · end of year $32,533,791

  • 2 · Savings and temporary cash investments

    beginning of year $799,967 · end of year $580,590

  • 4 · Accounts receivable

    beginning of year $8,384,070 · end of year $7,697,743

  • 8 · Inventories for sale or use

    beginning of year $11,699,205 · end of year $14,479,491

  • 9 · Prepaid expenses and deferred charges

    beginning of year $624,266 · end of year $591,889

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

    $21,989,434

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

    $10,143,225

  • 10c · Land, buildings and equipment, net

    beginning of year $11,962,615 · end of year $11,846,209

  • 11 · Investments: publicly traded securities

    beginning of year $50,415,739 · end of year $58,926,565

  • 12 · Investments: other securities

    end of year $155,050

  • 15 · Other assets

    beginning of year $1,155,068 · end of year $1,396,677

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,908,180 · end of year $7,682,141

  • 25 · Other liabilities

    beginning of year $1,109,706 · end of year $1,314,588

  • 27 · Net assets without donor restrictions

    beginning of year $106,347,802 · end of year $119,211,276

Mission and programs · 2024

Mission

BOSMA ENTERPRISES, CREATING OPPORTUNITIES FOR INDIVIDUALS WHO ARE BLIND OR VISUALLY IMPAIRED.

  • BOSMA'S MISSION IS TO CREATE OPPORTUNITIES FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED. THIS IS PRIMARILY ACHIEVED BY CREATING EMPLOYMENT OPPORTUNITIES THROUGH THE SALE OF PRODUCTS AND SERVICES, FROM DISPOSABLE MEDICAL PRODUCTS TO QUALITY AND SUPPLY CHAIN MANAGEMENT TO IT CONSULTING. THE ORGANIZATION IS INDIANA'S LARGEST EMPLOYER OF PEOPLE WHO ARE BLIND, WITH OVER 50% OF BOSMA'S WORKFORCE BEING BLIND OR VISUALLY IMPAIRED. BOSMA HAS ALSO ESTABLISHED VOCATIONAL ASSESSMENT AND SKILLS TRAINING PROGRAMS FOR THESE INDIVIDUALS, ALONGSIDE VISION REHABILITATION SERVICES, FOSTERING GREATER CHANCES FOR ADVANCEMENT OR EMPLOYMENT AT OTHER LOCAL COMPANIES.

    Expenses $71,382,363 · Revenue $103,440,636

  • BOSMA, THROUGH ITS CENTER FOR VISIONARY SOLUTIONS, IS INDIANA'S LARGEST PROVIDER OF COMPREHENSIVE VISION REHABILITATION PROGRAMS, SERVING NEARLY 1,000 CLIENTS EACH YEAR. THESE PROGRAMS TEACH SKILLS NEEDED FOR AN INDIVIDUAL TO LIVE INDEPENDENTLY. THEY SERVED OVER 900 HOOSIERS LAST YEAR. BOSMA PROVIDES IN-HOME COMMUNITY-BASED SERVICES, TEACHING CLIENTS THE SKILLS TO BE INDEPENDENT IN THEIR HOME, FROM SAFELY COOKING TO MANAGING HOUSEHOLD ITEMS LIKE MEDICATIONS AND BILLS. THE PROGRAM IS ALSO EXPANDING TO SERVE MORE INDIVIDUALS THROUGH VIRTUAL AND GROUP TRAINING AT SENIOR CENTERS AND OTHER COMMUNITY ORGANIZATIONS. BOSMA'S CENTER-BASED SERVICES IS A 3 - 5 MONTH RESIDENTIAL, COMPREHENSIVE TRAINING PROGRAM. CLIENTS FROM ALL OVER INDIANA COME TO BOSMA'S REHABILITATION CENTER IN NORTHWEST INDIANAPOLIS TO LEARN HOW TO ADAPT TO LIVING WITH VISION LOSS. THEY LEARN SKILLS LIKE COOKING, CLEANING, USING A COMPUTER, AND NAVIGATING THEIR ENVIRONMENT SAFELY WITH TOOLS LIKE A WHITE CANE. EMPLOYMENT PRESENTS A MAJOR CHALLENGE FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED. IN FACT, THEY FACE AN UNEMPLOYMENT RATE THAT IS 10 TIMES HIGHER THAN THE NATIONAL RATE. BOSMA'S COMMUNITY EMPLOYMENT SERVICES CLIENTS FIND MEANINGFUL EMPLOYMENT THROUGH ACTIVITIES LIKE RESUME WRITING, INTERVIEW PREPARATION, AND MAKING SURE WORKSPACES ARE ACCESSIBLE WITH TOOLS SUCH AS SOFTWARE. BOSMA'S CENTER ALSO ACTS AS A HUB WHERE PEOPLE CAN CALL TO GET MORE INFORMATION ABOUT RESOURCES AVAILABLE THROUGH BOSMA AND OTHER AGENCIES. LAST YEAR, THE TEAM HANDLED OVER 1,400 CALLS.

    Expenses $14,038,572 · Grants $10,874,135 · Revenue $1,693,524

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeffrey Mittman

    PRESIDENT/CE

    Total calculated
    $626,326
    From this org
    $624,020
    From related orgs
    $0
    Other
    $2,306
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $323,667
    Bonus
    $285,437
    Other
    $14,916
    Deferred
    not reported
    Nontaxable benefits
    $2,306
    Filer's total
    $626,326

  • Teresa Watson

    CFO

    Total calculated
    $348,930
    From this org
    $318,262
    From related orgs
    $0
    Other
    $30,668
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,994
    Bonus
    $111,992
    Other
    $12,276
    Deferred
    not reported
    Nontaxable benefits
    $30,668
    Filer's total
    $348,930

  • Lise Pace

    EXECUTIVE VP

    Total calculated
    $309,536
    From this org
    $291,451
    From related orgs
    $0
    Other
    $18,085
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,585
    Bonus
    $101,350
    Other
    $12,516
    Deferred
    not reported
    Nontaxable benefits
    $18,085
    Filer's total
    $309,536

  • Douglas Pingel Term Date 121324

    VP OPERATION

    Total calculated
    $307,810
    From this org
    $288,813
    From related orgs
    $0
    Other
    $18,997
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,078
    Bonus
    $86,943
    Other
    $12,792
    Deferred
    not reported
    Nontaxable benefits
    $18,997
    Filer's total
    $307,810

  • Jodi Virgil

    VP HUMAN RES

    Total calculated
    $277,155
    From this org
    $246,604
    From related orgs
    $0
    Other
    $30,551
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,671
    Bonus
    $87,757
    Other
    $12,176
    Deferred
    not reported
    Nontaxable benefits
    $30,551
    Filer's total
    $277,155

  • Jason Bailey

    CHIEF TECH.

    Total calculated
    $252,130
    From this org
    $221,502
    From related orgs
    $0
    Other
    $30,628
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,526
    Bonus
    $54,700
    Other
    $12,276
    Deferred
    not reported
    Nontaxable benefits
    $30,628
    Filer's total
    $252,130

  • Dana Werner Term Date 101224

    CHIEF OPER.

    Total calculated
    $215,481
    From this org
    $204,717
    From related orgs
    $0
    Other
    $10,764
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,862
    Bonus
    $53,621
    Other
    $10,234
    Deferred
    not reported
    Nontaxable benefits
    $10,764
    Filer's total
    $215,481

  • Jamie Wilber

    VP OF COM. S

    Total calculated
    $213,581
    From this org
    $212,464
    From related orgs
    $0
    Other
    $1,117
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,834
    Bonus
    $44,450
    Other
    $12,180
    Deferred
    not reported
    Nontaxable benefits
    $1,117
    Filer's total
    $213,581

  • Brandon Wells

    EXEC DIR OF

    Total calculated
    $202,846
    From this org
    $201,091
    From related orgs
    $0
    Other
    $1,755
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $151,422
    Bonus
    $37,550
    Other
    $12,119
    Deferred
    not reported
    Nontaxable benefits
    $1,755
    Filer's total
    $202,846

  • Kristin Stickle

    CONTROLLER

    Total calculated
    $184,847
    From this org
    $173,296
    From related orgs
    $0
    Other
    $11,551
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,552
    Bonus
    $32,638
    Other
    $106
    Deferred
    not reported
    Nontaxable benefits
    $11,551
    Filer's total
    $184,847

  • James Michaels Term Date 8224

    VP PROGRAM S

    Total calculated
    $177,478
    From this org
    $157,009
    From related orgs
    $0
    Other
    $20,469
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $107,488
    Bonus
    $42,031
    Other
    $7,490
    Deferred
    not reported
    Nontaxable benefits
    $20,469
    Filer's total
    $177,478

  • Daniel Briles

    DIR. OF COMP

    Total calculated
    $175,266
    From this org
    $145,122
    From related orgs
    $0
    Other
    $30,144
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,650
    Bonus
    $30,401
    Other
    $71
    Deferred
    not reported
    Nontaxable benefits
    $30,144
    Filer's total
    $175,266

  • Tonja Saprissa

    SENIOR MGR O

    Total calculated
    $158,951
    From this org
    $134,313
    From related orgs
    $0
    Other
    $24,638
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,464
    Bonus
    $22,655
    Other
    $194
    Deferred
    not reported
    Nontaxable benefits
    $24,638
    Filer's total
    $158,951

  • Brian Petraits

    DIR OF MANUF

    Total calculated
    $150,783
    From this org
    $120,760
    From related orgs
    $0
    Other
    $30,023
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $99,335
    Bonus
    $21,366
    Other
    $59
    Deferred
    not reported
    Nontaxable benefits
    $30,023
    Filer's total
    $150,783

  • James Hoopingarner

    DIR. OF DIST

    Total calculated
    $149,643
    From this org
    $119,631
    From related orgs
    $0
    Other
    $30,012
    Hours/week
    40

  • Rebecca Evans

    AR PAYROLL M

    Total calculated
    $143,175
    From this org
    $143,175
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Marsha Egan

    VP OF PROG.

    Total calculated
    $131,662
    From this org
    $119,554
    From related orgs
    $0
    Other
    $12,108
    Hours/week
    40

  • Jean Barske Start Date 6324

    CHIEF OPER.

    Total calculated
    $121,614
    From this org
    $106,015
    From related orgs
    $0
    Other
    $15,599
    Hours/week
    40

  • Keith Berlen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bart Book

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Bosma

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steven L Bucksot

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

  • Chris Dunlavey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Oscar A Gutierrez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keith Isom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald Koors

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Mandrell

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gregory Ottinger

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Stephen M Powell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Amanda Rose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Connor Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Weber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

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 · 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

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
2024
Filed
13 January 2026
IRS schema version
2024v5.0
Source object
202620149349301557

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