To provide exceptional services that inspire people who are visually impaired to attain their goals.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
$247K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $3.4M a year · 61% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$247K
to officers and key staff · 35% of spending
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
11 mo
of spending, in cash
Plus $13.5M in investments, Pt X · Ln 11–13
Looks good: 10.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $2.2M
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
−$21.6M
-68% of total assets
Looks good: liabilities are -68% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.9M
-43% vs prior year
Spent
$713K
To programs
67%
Net assets
$53.7M
By yearFY2020–FY2024
Revenue
$5.9M
FY2022▼ -43%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.6M
FY2021$10.2M
FY2022$5.9M
FY2023$4.5M
FY2024$4.9M
Expenses
$713K
FY2022▼ -90%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$7.0M
FY2022$713K
FY2023$659K
FY2024$743K
Net assets
$53.7M
FY2022▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$170.0M
FY2021$57.5M
FY2022$53.7M
FY2023$64.1M
FY2024$71.0M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1942.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $481K Management & general 29% · $209K Fundraising 3% · $23K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

26 people listed on the 990; $247K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Research Officer
$245,099Pt VII · Sec A
Chief Volunteer Officer
$2,204Pt VII · Sec A
Chief Prog. and Serv. Officer
$0Pt VII · Sec A
Chief Devel. Officer
$0Pt VII · Sec A
Chief People Officer
$0Pt VII · Sec A
Former Gc and Chief Comp. Offi
$0Pt VII · Sec A
Dir IT Network Infra &ops
$0Pt VII · Sec A
Chief Comm and Mark. Officer
$0Pt VII · Sec A

William H Seiple’s $264K as Chief Research Officer is at the 89th percentile of top reported officer pay among 1168 $1–10M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
William H Seiple$263,856$259,571$245,099$232,783$206,849
Alan R Morse-Thru 063020————$206,413
Calvin W Roberts-Hired 4120————$51,011
Maura Sweeney————$26,550
Himanshu R Shah————$25,544
Joel G Levi————$24,368
Paul D Misiti-Hired 41320————$20,988
Charles F Blum-Thru 123119————$19,699

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowering visually impaired individuals to achieve their goals through exceptional services.

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Provided by the organization

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3 programs · $481K · in their own filed words · FY2022
01

Other Programs

Research support the research institute translates scientific findings and technological advances into practical solutions for people living with vision loss today. The pisart award in vision science, awarded annually, recognizes an early-career vision clinician-scientist whose contributions to vision science have the potential for…

$459Kprogram expense
02

Lgi partnership with the adapt community network preschool continued with an lgi teacher for the visually impaired working in the preschool to identify and treat children with vision loss, and to modify the school environment to accommodate students with vision impairment.

$22Kprogram expense
03

Youth and teen programs include rehabilitation, education, and recreational classes and activities to individuals ages 6-21, including: a saturday youth skills program for those aged 6-13; a youth transition program for those ages 14-21; and a youth employment program for visually impaired students who wish to secure paying jobs in the…

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 3 grants · $6.5M · 2021–2024
Unitemized GrantFY2024$25,000
Unitemized GrantFY2021$32,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$5.9M
Ln 12
Gifts and grantsLn 1h$3.9M
Investment incomeLn 3$1.7M
Fees for servicesLn 2g$209K
Money outPt IX
$713K
Ln 25
Programscol B$481K
Managementcol C$209K
Fundraisingcol D$23K
Owns and owesPt X
$53.7M
net assets · Ln 32
Cash and savingsLn 1–2$636K
Total assetsLn 16$32.1M
LiabilitiesLn 26−$21.6M
PeoplePt VI, VII
26
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.9M
Fees for servicesLn 2g$209K
Investment incomeLn 3$1.7M
Other incomeLn 4–11$236
Gains on assetsLn 7$807K
Total revenueLn 12$5.9M
Assets in detailPt X, end of year
CashLn 1$628K
SavingsLn 2$8K
Cash and savings togetherLn 1–2$636K
InvestmentsLn 11–13$13.5M
Land, buildings, equipmentLn 10c$9K
Other assetsLn 15$17.7M
Total assetsLn 16$32.1M
LiabilitiesLn 26−$21.6M
Net assetsLn 32$53.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$653K$636K
InvestmentsLn 11–13$18.8M$13.5M
Land, buildings, equipmentLn 10c$11K$9K
Total assetsLn 16$38.5M$32.1M
LiabilitiesLn 26−$19.0M−$21.6M
Net assetsLn 32$57.5M$53.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$25K$25K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$269K$269K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$67K$309K−$242K
Pension plan contributionsLn 8$1K$19K−$17K
Other employee benefitsLn 9$11K$15K−$4K
Payroll taxesLn 10$20K$19K$358
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$153K$130K$23K
Other fees for servicesLn 11g$13K$13K
Advertising and promotionLn 12$2K$920$590
Office expensesLn 13$42K$34K$8K
Information technologyLn 14$5K$5K
RoyaltiesLn 15$0
OccupancyLn 16$86K$45K$41K
TravelLn 17$5K$5K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$7K$5K$2K
Other expenses (24a–d)Ln 24$487$487
Total functional expensesLn 25$713K$481K$209K$23K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.9M$743K$4.1M$71.0M 990 PDF
FY2023 $4.5M$659K$3.9M$64.1M 990 PDF
FY2022 Viewing $5.9M$713K$5.1M$53.7M 990 PDF
FY2021 $10.2M$7.0M$3.2M$57.5M 990 PDF
FY2020 $2.6M$1.8M$777K$170.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $5,855,693 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,013,157$3,910,445
I-9 Program service revenuePrior year $250,473$209,007
I-10 Investment incomePrior year $1,968,186$1,736,005
I-11 Other revenuePrior year $9,223$236
I-12 Total revenuePrior year $10,241,039$5,855,693
I-13 Grants and similar amounts paidPrior year $6,490,186$25,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $364,441$368,646
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $182,223$319,537
I-18 Total expensesPrior year $7,036,850$713,183
I-19 Revenue less expensesPrior year $3,204,189$5,142,510
Part VI · Governance 8 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $5,855,693 across 11 lines filed
VIII-1d Related organizations$2,170,000
VIII-1f All other contributions, gifts and grants$1,740,445
VIII-1h Total contributions, gifts and grants$3,910,445
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $209,007 · Unrelated business $0$209,007
VIII-3 Investment incomeExcluded from tax $929,157$929,157
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $806,848$806,848
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $236$236
VIII-12 Total revenueRelated to mission $209,007 · Unrelated business $0 · Excluded from tax $1,736,241$5,855,693
Part IX · Statement of functional expenses $713,183 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $25,000$25,000
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $269,406$269,406
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $308,995 · Management −$242,119$66,876
IX-8 Pension plan contributionsPrograms $18,662 · Management −$17,180$1,482
IX-9 Other employee benefitsPrograms $15,485 · Management −$4,428$11,057
IX-10 Payroll taxesPrograms $19,467 · Management $358$19,825
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $4,017$4,017
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $129,585 · Fundraising $23,324$152,909
IX-11g Other fees for servicesManagement $13,457$13,457
IX-12 Advertising and promotionPrograms $920 · Management $590$1,510
IX-13 Office expensesPrograms $34,478 · Management $7,732$42,210
IX-14 Information technologyManagement $4,818$4,818
IX-15 Royalties$0
IX-16 OccupancyPrograms $44,877 · Management $40,761$85,638
IX-17 TravelPrograms $5,324$5,324
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $1,949$1,949
IX-23 InsurancePrograms $5,439 · Management $1,779$7,218
IX-24 Other expenses (24a–d)Programs $487$487
IX-25 Total functional expensesPrograms $481,083 · Management $208,776 · Fundraising $23,324$713,183
Part X · Balance sheet $32,050,922 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $644,261$627,579
X-2 Savings and temporary cash investmentsStart of year $8,286$8,345
X-3 Pledges and grants receivableStart of year $158,534$120,240
X-4 Accounts receivableStart of year $44,133$104,702
X-8 Inventories for sale or useStart of year $6,916$6,916
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $10,659$8,711
X-11 Publicly traded securitiesStart of year $3,828,139$1,639,148
X-12 Other securitiesStart of year $14,962,282$11,813,136
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $18,835,347$17,722,145
X-16 Total assetsStart of year $38,498,557$32,050,922
X-17 Accounts payable and accrued expensesStart of year $1,088,049$1,093,535
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $6,702$6,702
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year −$20,067,393−$22,737,748
X-26 Total liabilitiesStart of year −$18,972,642−$21,637,511
X-27 Net assets without donor restrictionsStart of year $20,216,094$22,903,307
X-28 Net assets with donor restrictionsStart of year $37,255,105$30,785,126
X-32 Total net assets or fund balancesStart of year $57,471,199$53,688,433
X-33 Total liabilities and net assetsStart of year $38,498,557$32,050,922
Part XI · Reconciliation of net assets $53,688,433 net assets at year end
XI-1 Total revenue$5,855,693
XI-2 Total expenses$713,183
XI-3 Revenue less expenses$5,142,510
XI-4 Net assets at start of year$57,471,199
XI-5 Net unrealized gains (losses) on investments−$3,198,360
XI-9 Other changes in net assets−$5,726,916
XI-10 Net assets at end of year$53,688,433

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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