Civic Intelligence

Helen Keller Services

990 • Fiscal year 2016 • EIN 11-1630807

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 27, 2017

57 Willoughby StreetBrooklyn, NY 11201

(718) 522-2122

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.58x

Higher debt load relative to assets than 74% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

73rd percentile

1.09x

Higher debt load relative to revenue than 73% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Net Margin

15th percentile

-12%

Higher net margin than 15% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

39th percentile

$288,161

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Asset Growth

7th percentile

-11%

Faster asset growth than 7% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

24th percentile

-7.2%

Faster revenue growth than 24% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Assets

Down

$50,120,991

Down $5,986,382 (-11%) from 2015

Net Assets

Down

$21,216,627

Down $11,289,580 (-35%) from 2015

Liabilities

Up

$28,904,364

Up $5,303,198 (+22%) from 2015

Revenue

Down

$26,517,178

Down $2,051,911 (-7.2%) from 2015

Expenses

Up

$29,640,197

Up $272,855 (+0.9%) from 2015

Net Income

Down

-$3,123,019

Down $2,324,766 (-291%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2010: $48,883,293Liabilities 2010: $16,235,774Net Assets 2010: $32,647,5192010Assets 2011: $51,957,286Liabilities 2011: $15,577,736Net Assets 2011: $36,379,5502011Assets 2012: $54,256,832Liabilities 2012: $23,428,142Net Assets 2012: $30,828,6902012Assets 2013: $57,788,013Liabilities 2013: $20,532,370Net Assets 2013: $37,255,6432013Assets 2014: $56,460,948Liabilities 2014: $20,284,770Net Assets 2014: $36,176,1782014Assets 2015: $56,107,373Liabilities 2015: $23,601,166Net Assets 2015: $32,506,2072015Assets 2016: $50,120,991Liabilities 2016: $28,904,364Net Assets 2016: $21,216,6272016Assets 2017: $103,871,372Liabilities 2017: $22,960,718Net Assets 2017: $80,910,6542017Assets 2018: $104,420,503Liabilities 2018: $20,318,723Net Assets 2018: $84,101,7802018Assets 2019: $107,713,193Liabilities 2019: $27,355,836Net Assets 2019: $80,357,3572019Assets 2020: $107,920,385Liabilities 2020: $33,949,800Net Assets 2020: $73,970,5852020Assets 2021: $124,201,527Liabilities 2021: $20,408,011Net Assets 2021: $103,793,5162021Assets 2022: $106,192,765Liabilities 2022: $10,292,660Net Assets 2022: $95,900,1052022Assets 2023: $142,028,757Liabilities 2023: $38,227,757Net Assets 2023: $103,801,0002023Assets 2024: $150,928,190Liabilities 2024: $37,413,035Net Assets 2024: $113,515,1552024

Highlighted filing

2016

Assets$50,120,991
Liabilities$28,904,364
Net Assets$21,216,627

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0-$50MExpenses 2010: $26,438,4062010Expenses 2011: $27,454,6582011Expenses 2012: $27,474,2752012Revenue 2013: $29,056,781Expenses 2013: $29,241,790Net Income 2013: -$185,0092013Revenue 2014: $25,012,877Expenses 2014: $29,083,382Net Income 2014: -$4,070,5052014Revenue 2015: $28,569,089Expenses 2015: $29,367,342Net Income 2015: -$798,2532015Revenue 2016: $26,517,178Expenses 2016: $29,640,197Net Income 2016: -$3,123,0192016Revenue 2017: $79,455,781Expenses 2017: $29,871,110Net Income 2017: $49,584,6712017Revenue 2018: $38,019,161Expenses 2018: $32,846,117Net Income 2018: $5,173,0442018Revenue 2019: $32,232,073Expenses 2019: $33,463,918Net Income 2019: -$1,231,8452019Revenue 2020: $31,465,112Expenses 2020: $34,174,371Net Income 2020: -$2,709,2592020Revenue 2021: $36,076,194Expenses 2021: $32,177,965Net Income 2021: $3,898,2292021Revenue 2022: $42,902,907Expenses 2022: $34,503,607Net Income 2022: $8,399,3002022Revenue 2023: $40,364,512Expenses 2023: $38,836,274Net Income 2023: $1,528,2382023Revenue 2024: $45,257,220Expenses 2024: $43,431,604Net Income 2024: $1,825,6162024

Highlighted filing

2016

Revenue$26,517,178
Expenses$29,640,197
Net Income-$3,123,019
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 27, 2017
Return Version
2015v3.0
Gross Receipts
$39,341,864
Mission and Program Overview

Mission

To enable individuals who are blind, visually-impaired, deaf-blind and/or have combined hearing-vision loss to live, work and thrive in their community of choice.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$41,992,635$37,702,944▼ $4,289,691
Land, Buildings, and Equipment, Net$4,814,371$4,540,555▼ $273,816
Savings and Temporary Cash Investments$4,276,963$2,758,063▼ $1,518,900
Accounts Receivable$2,136,750$2,326,879▲ $190,129
Cash and Non-Interest-Bearing Accounts$1,014,704$940,860▼ $73,844
Pledges and Grants Receivable$886,020$926,901▲ $40,881
Prepaid Expenses and Deferred Charges$506,597$493,908▼ $12,689
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$56,107,373$50,120,991▼ $5,986,382
Other Assets Total$479,333$430,881▼ $48,452
Liabilities
Other Liabilities$18,907,564$24,633,439▲ $5,725,875
Accounts Payable and Accrued Expenses$3,501,574$3,386,458▼ $115,116
Deferred Revenue$1,067,028$819,467▼ $247,561
Tax Exempt Bond Liabilities$125,000$65,000▼ $60,000
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$23,601,166$28,904,364▲ $5,303,198
Net Assets / Fund Balance
Unrestricted Net Assets$27,124,590$16,900,365▼ $10,224,225
Permanently Rstr Net Assets$2,698,916$2,557,038▼ $141,878
Temporarily Rstr Net Assets$2,682,701$1,759,224▼ $923,477
Total Net Assets Fund Balance$32,506,207$21,216,627▼ $11,289,580
Total Liabilities and Net Assets / Fund Balance$56,107,373$50,120,991▼ $5,986,382

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,627,286$21,894,145$25,521,431
Equipment$305,727$6,304,291$6,610,018
Land$607,542-$607,542

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$38,651,751-▼ $1,816,838$2,384,478$34,450,435
2014$38,441,430-▲ $2,359,846$2,149,525$38,651,751
2013$35,905,648-▲ $3,875,885$1,340,103$38,441,430
2012$35,015,405-▲ $2,223,098$1,332,855$35,905,648
2011$37,070,636-▼ $1,017,543$1,037,688$35,015,405
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas J Edwards Thru 116President/CEOFT$230,618$57,543$288,161
Marc FeldmanCFOFT$178,992$38,730$217,722
Jennifer GoodwinChief Development OfficerFT$161,869$36,100$197,969
Lorraine MuzioPrograms Director OpwddFT$150,638$19,204$169,842
Susan RuzenskiProgram Director - HkncFT$141,181$18,499$159,680
Frank PrimeggiaManaging Director - Rehab ServicesFT$130,163$10,311$140,474
Chris MastrangeloDirector of FacilitiesFT$115,786$23,533$139,319
Barry NegriDirector of AccountingFT$115,638$9,295$124,933

Highest Paid Contractors

ContractorServicesLocationCompensation
Exclusive Ambulette ServiceClient Transport.431 BEACH 20TH STREET, Far Rockaway, NY 11691$453,564
Executive Cleaning ServicesFacilities Cleaning460 NEW YORK AVENUE, Huntington, NY 11743$310,609
Mindshift Technologies INCIt Support45610 WOODLAND ROAD SUITE 200, Sterling, VA 20166$224,172
Davidoff Hutcher CitronLobbying605 THIRD AVENUE, New York, NY 10158$154,773
Bdo USA LLPAudit & Tax100 PARK AVENUE, New York, NY 10017$147,675
Revenue and Support

Revenue Composition

Contributions and Grants
$13,880,779
Program Service Revenue
$10,018,059
Investment Income
$1,483,534
Other Revenue
$1,134,806
All Other Contributions
$1,571,230
Change in Net Assets
$-3,123,019

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,517,178
Revenue Not Reported on Form 990
$-2,699,035
Total Revenue per Audited Statements
$23,818,143
Total Revenue per Form 990
$26,517,178
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$22,014,418
Other Expenses$7,385,936
Total Fundraising Expense$1,256,455
Grants and Similar Amounts Paid$239,843
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,923,715$1,574,886$103,888$14,602,489
Pension Plan Contributions$4,656,784$640,077$77,142$5,374,003
Fees for Services Other$693,804$581,246-$1,275,050
Occupancy$496,554$700,968-$1,197,522
Payroll Taxes$1,017,472$141,948$17,553$1,176,973
Travel$1,090,319$19,736$3,317$1,113,372
All Other Expenses$608,790$480,364$9,792$1,098,946
Depreciation Depletion$480,104$296,172-$776,276
Current Officers, Directors, Trustees, and Key Employees-$541,653$180,549$722,202
Office Expenses$336,906$345,035$27,361$709,302
Insurance$305,254$92,080-$397,334
Fees for Services Legal-$315,009-$315,009
Fees for Services Lobbying$244,773--$244,773
Grants to Domestic Individuals$239,843--$239,843
Other Expenses$92,065$142,845$543$235,453
Fees for Service Investment Mgmnt Fees-$201,000-$201,000
Fees for Services Accounting-$165,000-$165,000
Other Employee Benefits$134,125$6,412$-1,786$138,751
Conferences and Meetings$34,771$2,511$1,155$38,437
Interest$6,650--$6,650
Advertising-$2,161$119$2,280
Total Functional Expenses$24,242,476$4,141,266$1,256,455$29,640,197

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$29,640,197
Total Expenses per Audited Statements$29,640,197
Total Expenses per Form 990$29,640,197
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$80,590
Fundraising Gross Income$80,590
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$206,843$80,590$80,590$0
Total Events$206,843$80,590$80,590-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Richard T ArkwrightBoard Vice ChairmanSee Part VNo$201,000
Diana Nicholson EsqBoard TrusteeSee Part VNo$102,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Pension Obligation$23,899,291
Refundable Deposits$399,703
Due to Other Funds$275,147
Funds Held in Trust for Employ$59,298
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 8B:

Minutes are maintained for the operations committee, audit committee, investment committee, development committee, properties committee and executive committee but not for other committees.

FORM 990, PART VI, SECTION B, LINE 11B:

The cfo does a detailed and conscientious review of form 990 and verifies its accuracy including a comparison to the prior year. A copy of draft form 990 is then provided to the board of trustees and all questions, concerns, etc. Of the board of trustees are addressed by the cfo.

FORM 990, PART VI, SECTION B, LINE 12C:

Conflict of interest policy is provided to board members prior to appointment, and officers and key employees prior to hire and annually. The conflict of interest policy is reviewed by the audit committee.

FORM 990, PART VI, SECTION B, LINES 15A AND 15B:

Executive committee (all independent persons) of the board of trustees serve as compensation committee to review and approve compensation on an annual basis using comparability data and performance information for the president/ceo of the agency. President/ceo and executive committee (all independent persons) of the board of trustees serve as compensation committee to review and approve compensation on an annual basis using comparability data and performance information for key employees of the agency.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes its governing documents, conflict of interest policy and financial statements available to the public on its own website and upon request.

Form 990, Part VII, Section A, Line 1

Mr. Joseph F. Bruno became President and CEO as of February 1, 2016 at a base salary of $240,000. His unpaid service as a Trustee ended in January 2016. His compensation for the FYE 6/30/2016 was $96,924. Average hours reported is in connection with his position as President/CEO.

Filing and Contact Details

Filer

Filer Name
Helen Keller Services
EIN
11-1630807
In Care Of
% MARC FELDMAN CFO
Phone
7185222122
Address
57 WILLOUGHBY STREET, BROOKLYN, NY 11201

Signing Officer

Name
Joseph F Bruno
Title
President/CEO
Phone
7185222122
Signed
2017-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph F Bruno
Formed
1893
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
15
Employees
459
Volunteers
90

Preparer

Firm
Bdo USA Llp
Address
100 PARK AVENUE, NEW YORK, NY 10017-5001
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Additional Explanations

FORM 990, HEADING ITEM C:

The organization has officially changed its name on september 21, 2015 from helen keller services for the blind to helen keller services, and has previously reported the change in correspondence to the irs.

FORM 990, PART III, LINE 4A:

Helen keller national center for deaf-blind youths and adults (hknc) enables each person who is deaf-blind to live and work in the community of their choice. To accomplish this, the center has developed programs that provide services to deaf-blind people, their families and the professionals serving them in all fifty states. In addition to the rehab training program housed at the center's headquarters in sands point, ny which provided vocational and independent living skills training to 156 young adults and adults, hknc has ten regional offices across the country which offer technical assistance, information and referral, consultation and training. Collectively, the regional offices served 1,582 individuals, 447 families and 985 agencies this year.

FORM 990, PART XI, LINE 9:

Decrease in unfunded pension obligation

Financial Statement Notes

PART V, LINE 4:

The organization has adopted investment and spending policies for endowment assets that attempt to provide a stream of returns that would be utilized to fund various programs while seeking to maintain the purchasing power of the endowment assets.

PART X, LINE 2:

Helen Keller Services adopted the provisions of ASC 740, "Accounting for Uncertainty in Income Taxes". Under ASC 740, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not that the position will not be sustained. The implementation of ASC 740 had no impact on the organization's financial statements. The organization does not believe there are any material uncertain tax positions and, accordingly, it will not recognize any liability for unrecognized tax benefits. The organization has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the organization has filed Internal Revenue Service Form 990 tax returns, as required, and all other applicable returns in jurisdictions when it is required. For the year ended June 30, 2016, there was no interest or penalties recorded or included in the statement of activities. As of June 30, 2016, the years still subject to examination by a taxing authority are 2013 through 2015.

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$151$37.4$114$45.3$43.4$1.83
2023Detailed filing. Detailed filing data is available for this year.$142$38.2$104$40.4$38.8$1.53
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$106$10.3$95.9$42.9$34.5$8.40
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$124$20.4$104$36.1$32.2$3.90
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$108$33.9$74.0$31.5$34.2$2.71
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$108$27.4$80.4$32.2$33.5$1.23
2018Detailed filing. Detailed filing data is available for this year.$104$20.3$84.1$38.0$32.8$5.17
2017Detailed filing. Detailed filing data is available for this year.$104$23.0$80.9$79.5$29.9$49.6
2016Detailed filing. Detailed filing data is available for this year.$50.1$28.9$21.2$26.5$29.6$3.12
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$56.1$23.6$32.5$28.6$29.4$0.80
2014Detailed filing. Detailed filing data is available for this year.$56.5$20.3$36.2$25.0$29.1$4.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.8$20.5$37.3$29.1$29.2$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.3$23.4$30.8$27.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.0$15.6$36.4$27.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.9$16.2$32.6$26.4