Volunteer Braille Services FY2022 filing

Golden Valley, MNUnknown exempt organization EIN 41-1237256Revenue $385K in FY2022Latest return filed Nov 5, 2024

On file with the IRSvbsmn.orgGolden Valley, MN

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Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1237256) · Dispute this line
71¢ of each $1 spent went to programs.
$41K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average deficit $279K a year · 109% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
71%
of spending
71% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$41K
to officers and key staff · 41% of spending
Pay to officers and key staff is 41% of spending.
Part VII, Section A
14.5 mo
of spending, in cash
Plus $1.3M in investments, Pt X · Ln 11–13
14.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
5
of 7 voting members
5 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$385K
+102% vs prior year
Spent
$99K
To programs
71%
Net assets
$1.5M
By yearFY2021–FY2024
Revenue
$385K
FY2022▲ +102%
Tap a bar for its year
Revenue by fiscal year
FY2021$190K
FY2022$385K
FY2023$282K
FY2024$172K
Expenses
$99K
FY2022▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2021$89K
FY2022$99K
FY2023$121K
FY2024$1.8M
Net assets
$1.5M
FY2022▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.5M
FY2022$1.5M
FY2023$1.6M
FY2024$0

From the FY2022 Form 990 (year ending May 2022) · see the original

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $70K Management & general 29% · $29K

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

9 people listed on the 990; $41K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Coordinator
$25,640Pt VII · Sec A
Secretary
$10,395Pt VII · Sec A
Vice President
$4,864Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Cindi Laurent$26,658$39,897$25,640$25,017
Vicki Holm$11,121$10,478$10,395$6,226
Dorothy Worthington$3,420$4,380$4,864$5,488

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.

See Volunteer Braille Services executive salaries →

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 15aYes

Programs and updates

Transcribes books and documents into Braille for blind individuals.

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3 programs · $70K · in their own filed words · FY2021
01

The Agency Accepted Braille Assignments from Different Sources

Schools, organizations, businesses, and individuals.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1237256) · Dispute this line
$61Kprogram expense
02

The agency provided training for sighted volunteers to become certified braillists and workshops were held for certified braillists.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1237256) · Dispute this line
$7Kprogram expense
03

Volunteer certified braillists transcribed with part being used for a school district.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1237256) · Dispute this line
$2Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$385K
Ln 12
Fees for servicesLn 2g$173K
Other incomeLn 4–11$144K
Investment incomeLn 3$67K
Money outPt IX
$99K
Ln 25
Programscol B$70K
Managementcol C$29K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$119K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A3
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$830
Fees for servicesLn 2g$173K
Investment incomeLn 3$67K
Other incomeLn 4–11$144K
Gains on assetsLn 7$144K
Total revenueLn 12$385K
Assets in detailPt X, end of year
CashLn 1$7K
SavingsLn 2$113K
Cash and savings togetherLn 1–2$119K
Accounts receivableLn 4$19K
Land, buildings, equipmentLn 10c$9K
InvestmentsLn 11–13$1.3M
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 53
VolunteersI 615
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$101K$119K
InvestmentsLn 11–13$1.4M$1.3M
Land, buildings, equipmentLn 10c$4K$9K
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.5M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$38K$30K$8K
Payroll taxesLn 10$10K$8K$2K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$4K$3K$957
Information technologyLn 14$5K$4K$1K
OccupancyLn 16$26K$13K$13K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$10K$10K$349
Total functional expensesLn 25$99K$70K$29K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 5, 2024 $172K$1.8M−$1.7M$0 990 PDF
FY2023Filed with the IRS Mar 6, 2024 $282K$121K$160K$1.6M 990 PDF
FY2022 ViewingFiled with the IRS Nov 9, 2022 $385K$99K$286K$1.5M 990 PDF
FY2021Filed with the IRS Oct 14, 2021 $190K$89K$101K$1.5M 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $384,879 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,695$830
I-9 Program service revenuePrior year $141,960$173,466
I-10 Investment incomePrior year $46,557$210,583
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $190,212$384,879
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $43,646$48,419
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $45,660$50,649
I-18 Total expensesPrior year $89,306$99,068
I-19 Revenue less expensesPrior year $100,906$285,811
Part VI · Governance 5 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $384,879 across 6 lines filed
VIII-1f All other contributions, gifts and grants$830
VIII-1h Total contributions, gifts and grants$830
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $173,466$173,466
VIII-3 Investment incomeExcluded from tax $66,795$66,795
VIII-7 Net gain or loss on sales of assetsExcluded from tax $143,788$143,788
VIII-12 Total revenueRelated to mission $173,466 · Unrelated business $0 · Excluded from tax $210,583$384,879
Part IX · Statement of functional expenses $99,068 across 9 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $30,354 · Management $7,589$37,943
IX-10 Payroll taxesPrograms $8,381 · Management $2,095$10,476
IX-11c Accounting feesManagement $1,900$1,900
IX-13 Office expensesPrograms $3,050 · Management $957$4,007
IX-14 Information technologyPrograms $4,237 · Management $1,151$5,388
IX-16 OccupancyPrograms $13,140 · Management $13,140$26,280
IX-22 Depreciation, depletion and amortizationPrograms $1,363$1,363
IX-23 InsuranceManagement $1,741$1,741
IX-24 Other expenses (24a–d)Programs $9,621 · Management $349$9,970
IX-25 Total functional expensesPrograms $70,146 · Management $28,922 · Fundraising $0$99,068
Part X · Balance sheet $1,461,485 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $743$6,564
X-2 Savings and temporary cash investmentsStart of year $100,698$112,932
X-4 Accounts receivableStart of year $6,638$19,127
X-10c Land, buildings and equipment, netStart of year $4,174$8,869
X-11 Publicly traded securitiesStart of year $1,396,877$1,313,993
X-16 Total assetsStart of year $1,509,130$1,461,485
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,509,130$1,461,485
X-32 Total net assets or fund balancesStart of year $1,509,130$1,461,485
X-33 Total liabilities and net assetsStart of year $1,509,130$1,461,485
Part XI · Reconciliation of net assets $1,461,485 net assets at year end
XI-1 Total revenue$384,879
XI-2 Total expenses$99,068
XI-3 Revenue less expenses$285,811
XI-4 Net assets at start of year$1,509,130
XI-5 Net unrealized gains (losses) on investments−$322,219
XI-7 Investment expenses−$11,237
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,461,485

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

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