Radio Eye INC

Tax-deductible

Lexington, KY501(c)(3)Arts & CultureEIN 61-1148801

The organization provides a radio reading service for the blind and the print-handicapped in lexington, central & eastern kentucky, louisville metro area, and adjacent counties in kentucky and indiana where broadcasts may be received. Through this service, the organization provides access to previously unavailable information including, but not limited to, local and national newspapers, current periodicals, and special programs addressed to the interests of the audience.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$88K 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

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $2K a year · under 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$88K
to officers and key staff · 32% of spending
Top officer’s pay higher than 82% of similar orgs
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $109K
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$65K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$279K
+54% vs prior year
Spent
$278K
To programs
90%
Net assets
$587K
By yearFY2020–FY2024
Revenue
$279K
FY2024▲ +54%
Revenue by fiscal year
FY2020$248K
FY2021$309K
FY2022$292K
FY2023$181K
FY2024$279K
Expenses
$278K
FY2024▲ +16%
Expenses by fiscal year
FY2020$234K
FY2021$256K
FY2022$288K
FY2023$241K
FY2024$278K
Net assets
$587K
FY2024+0.5%
Net assets by fiscal year
FY2020$670K
FY2021$760K
FY2022$635K
FY2023$585K
FY2024$587K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1995.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $252K Management & general 6% · $16K Fundraising 4% · $11K

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

Who runs it and what they're paid

10 people listed on the 990; $88K paid to officers and key staff.

Part VII, Section A · reportable compensation
Exec. Director
$88,302Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Lucy Stone’s $88K as Exec. Director is at the 82nd percentile of top reported officer pay among 2216 $100K–1M arts & culture 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Lucy Stone$88,302$64,701———
Amy Hatter———$63,043$60,454
Thomas Lewis Term Ended—$50,202———
Amy Hatter Resigned 92022——$49,056——

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 Radio Eye INC executive salaries →

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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

Broadcasts news and periodicals to visually impaired individuals.

Provided by the organization

This section is blank until Radio Eye INC claims this page.

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1 program service account for $252K of program spending, described in the organization's own filed words · FY2024.
01

Radio reading services for the blind and the print-handicapped in lexington, central & eastern kentucky, louisville metro area, and adjacent counties in kentucky and indiana where broadcasts may be received.

$252Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 12 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$279K
Ln 12
Gifts and grantsLn 1h$222K
Investment incomeLn 3$58K
Money outPt IX
$278K
Ln 25
Programscol B$252K
Managementcol C$16K
Fundraisingcol D$11K
Owns and owesPt X
$587K
net assets · Ln 32
Cash and savingsLn 1–2$64K
Total assetsLn 16$652K
LiabilitiesLn 26$65K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$222K
Government grantsLn 1e$47K
Investment incomeLn 3$58K
Gains on assetsLn 7$10K
Total revenueLn 12$279K
Assets in detailPt X, end of year
CashLn 1$64K
Cash and savings togetherLn 1–2$64K
InvestmentsLn 11–13$588K
Total assetsLn 16$652K
LiabilitiesLn 26$65K
Net assetsLn 32$587K
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$85K$64K
InvestmentsLn 11–13$569K$588K
Total assetsLn 16$654K$652K
LiabilitiesLn 26$69K$65K
Net assetsLn 32$585K$587K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$88K$81K$2K$5K
Other salaries and wagesLn 7$80K$74K$2K$5K
Pension plan contributionsLn 8$2K$2K$45$134
Other employee benefitsLn 9$3K$3K$55$166
Payroll taxesLn 10$13K$12K$256$768
Accounting feesLn 11c$935$842$93
Other fees for servicesLn 11g$12K$11K$1K
Office expensesLn 13$40K$36K$4K
OccupancyLn 16$3K$3K$297
TravelLn 17$3K$3K$308
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$30K$27K$3K
Total functional expensesLn 25$278K$252K$16K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $279K$278K$1K$587K 990 PDF
FY2023 $181K$241K−$60K$585K 990 PDF
FY2022 $292K$288K$4K$635K 990 PDF
FY2021 $309K$256K$53K$760K 990 PDF
FY2020 $248K$234K$14K$670K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $279,403 across 6 lines filed
VIII-1e Government grants$46,545
VIII-1f All other contributions, gifts and grants$175,201
VIII-1h Total contributions, gifts and grants$221,746
VIII-3 Investment incomeExcluded from tax $47,267$47,267
VIII-7 Net gain or loss on sales of assetsExcluded from tax $10,390$10,390
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $57,657$279,403
Part IX · Statement of functional expenses $278,379 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $81,238 · Management $1,766 · Fundraising $5,298$88,302
IX-7 Other salaries and wagesPrograms $73,664 · Management $1,601 · Fundraising $4,805$80,070
IX-8 Pension plan contributionsPrograms $2,051 · Management $45 · Fundraising $134$2,230
IX-9 Other employee benefitsPrograms $2,546 · Management $55 · Fundraising $166$2,767
IX-10 Payroll taxesPrograms $11,777 · Management $256 · Fundraising $768$12,801
IX-11c Accounting feesPrograms $842 · Management $93$935
IX-11g Other fees for servicesPrograms $11,129 · Management $1,237$12,366
IX-13 Office expensesPrograms $35,824 · Management $3,980$39,804
IX-16 OccupancyPrograms $2,678 · Management $297$2,975
IX-17 TravelPrograms $2,774 · Management $308$3,082
IX-23 InsuranceManagement $2,995$2,995
IX-24 Other expenses (24a–d)Programs $27,047 · Management $3,005$30,052
IX-25 Total functional expensesPrograms $251,570 · Management $15,638 · Fundraising $11,171$278,379
Part X · Balance sheet $652,210 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $85,280$64,203
X-12 Other securitiesStart of year $568,692$588,007
X-16 Total assetsStart of year $653,972$652,210
X-24 Unsecured notes and loans payableStart of year $64,900$64,900
X-26 Total liabilitiesStart of year $69,345$64,900
X-32 Total net assets or fund balancesStart of year $584,627$587,310
X-33 Total liabilities and net assetsStart of year $653,972$652,210
Part XI · Reconciliation of net assets $587,310 net assets at year end
XI-1 Total revenue$279,403
XI-2 Total expenses$278,379
XI-3 Revenue less expenses$1,024
XI-4 Net assets at start of year$584,627
XI-5 Net unrealized gains (losses) on investments$1,659
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$587,310

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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