Civic Intelligence

Guiding Eyes for the Blind Inc

EIN 13-1854606 • 501(c)3 • Yorktown Heights, NY

View Organization Page

Profile

Guiding Eyes for the Blind provides guide dogs to people with vision loss. We are passionate about connecting exceptional dogs with individuals for greater independence.

611 Granite Springs RoadYorktown Heights, NY 10598

www.guidingeyes.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.04x

Higher debt load relative to assets than 18% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

18th percentile

0.11x

Higher debt load relative to revenue than 18% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

85th percentile

33%

Higher net margin than 85% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

56th percentile

$544,678

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Asset Growth

83rd percentile

17%

Faster asset growth than 83% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

75th percentile

22%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$138,950,404

Up $21,459,194 (+18%) from 2023

Liabilities

Up

$4,424,688

Up $17,416 (+0.4%) from 2023

Net Assets

Up

$134,525,716

Up $21,441,778 (+19%) from 2023

Operations
Liabilities / Revenue18th percentileNet Margin85th percentile

Revenue

Up

$46,357,200

Up $8,431,192 (+22%) from 2023

Expenses

Down

$36,196,011

Down $1,229,942 (-3.3%) from 2023

Net Income

Up

$10,161,189

Up $9,661,134 (+1932%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth83rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2011: $65,221,073Liabilities 2011: $15,214,702Net Assets 2011: $50,006,3712011Assets 2012: $73,177,522Liabilities 2012: $16,203,445Net Assets 2012: $56,974,0772012Assets 2013: $83,376,258Liabilities 2013: $12,081,789Net Assets 2013: $71,294,4692013Assets 2014: $86,235,296Liabilities 2014: $13,464,503Net Assets 2014: $72,770,7932014Assets 2015: $82,593,550Liabilities 2015: $11,253,882Net Assets 2015: $71,339,6682015Assets 2016: $83,363,687Liabilities 2016: $8,649,452Net Assets 2016: $74,714,2352016Assets 2017: $91,155,974Liabilities 2017: $6,138,451Net Assets 2017: $85,017,5232017Assets 2018: $93,137,881Liabilities 2018: $6,428,651Net Assets 2018: $86,709,2302018Assets 2019: $92,704,224Liabilities 2019: $6,357,563Net Assets 2019: $86,346,6612019Assets 2020: $104,492,360Liabilities 2020: $9,062,711Net Assets 2020: $95,429,6492020Assets 2021: $122,120,627Liabilities 2021: $6,651,378Net Assets 2021: $115,469,2492021Assets 2022: $111,492,936Liabilities 2022: $4,750,208Net Assets 2022: $106,742,7282022Assets 2023: $117,491,210Liabilities 2023: $4,407,272Net Assets 2023: $113,083,9382023Assets 2024: $138,950,404Liabilities 2024: $4,424,688Net Assets 2024: $134,525,7162024

Highlighted filing

2024

Assets$138,950,404
Liabilities$4,424,688
Net Assets$134,525,716
Open 2024 Filing

Operations Trend

Revenue Growth75th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2011: $21,907,2632011Expenses 2012: $22,907,2962012Revenue 2013: $29,512,778Expenses 2013: $23,663,055Net Income 2013: $5,849,7232013Revenue 2014: $33,724,296Expenses 2014: $25,190,497Net Income 2014: $8,533,7992014Revenue 2015: $28,865,946Expenses 2015: $25,690,957Net Income 2015: $3,174,9892015Revenue 2016: $27,045,674Expenses 2016: $26,393,399Net Income 2016: $652,2752016Revenue 2017: $30,783,919Expenses 2017: $26,692,206Net Income 2017: $4,091,7132017Revenue 2018: $32,845,101Expenses 2018: $27,553,702Net Income 2018: $5,291,3992018Revenue 2019: $28,607,555Expenses 2019: $26,453,378Net Income 2019: $2,154,1772019Revenue 2020: $33,949,622Expenses 2020: $27,586,078Net Income 2020: $6,363,5442020Revenue 2021: $42,129,166Expenses 2021: $30,365,115Net Income 2021: $11,764,0512021Revenue 2022: $41,759,201Expenses 2022: $42,570,809Net Income 2022: -$811,6082022Revenue 2023: $37,926,008Expenses 2023: $37,425,953Net Income 2023: $500,0552023Revenue 2024: $46,357,200Expenses 2024: $36,196,011Net Income 2024: $10,161,1892024

Highlighted filing

2024

Revenue$46,357,200
Expenses$36,196,011
Net Income$10,161,189
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$138,950,404
Liabilities
$4,424,688
Net assets
$134,525,716
Revenue
$46,357,200
Expenses
$36,196,011
Net income
$10,161,189
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$139$4.42$135$46.4$36.2$10.2
2023Detailed filing. Detailed filing data is available for this year.$117$4.41$113$37.9$37.4$0.50
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$111$4.75$107$41.8$42.6$0.81
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$122$6.65$115$42.1$30.4$11.8
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$104$9.06$95.4$33.9$27.6$6.36
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$92.7$6.36$86.3$28.6$26.5$2.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$93.1$6.43$86.7$32.8$27.6$5.29
2017Detailed filing. Detailed filing data is available for this year.$91.2$6.14$85.0$30.8$26.7$4.09
2016Detailed filing. Detailed filing data is available for this year.$83.4$8.65$74.7$27.0$26.4$0.65
2015Detailed filing. Detailed filing data is available for this year.$82.6$11.3$71.3$28.9$25.7$3.17
2014Detailed filing. Detailed filing data is available for this year.$86.2$13.5$72.8$33.7$25.2$8.53
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.4$12.1$71.3$29.5$23.7$5.85
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$73.2$16.2$57.0$22.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.2$15.2$50.0$21.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Apr 25, 2025
Return Version
2023v6.0
Gross Receipts
$71,846,343
Mission and Program Overview

Mission

Guiding eyes for the blind provides guide dogs to people with vision loss. We are passionate about connecting exceptional dogs with individuals for greater independence.

To provide guide dogs to people with vision loss, at no cost to the individual. We are passionate about connecting exceptional dogs with individuals for greater independence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$60,829,527$62,930,589▲ $2,101,062
Cash and Non-Interest-Bearing Accounts$16,729,250$23,766,910▲ $7,037,660
Land, Buildings, and Equipment, Net$24,170,682$23,494,367▼ $676,315
Savings and Temporary Cash Investments$11,823,868$23,152,479▲ $11,328,611
Pledges and Grants Receivable$2,508,421$3,805,366▲ $1,296,945
Prepaid Expenses and Deferred Charges$867,386$370,614▼ $496,772
Accounts Receivable$74,722$56,953▼ $17,769
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$117,491,210$138,950,404▲ $21,459,194
Other Assets Total$487,354$1,373,126▲ $885,772
Liabilities
Other Liabilities$2,481,462$3,163,844▲ $682,382
Accounts Payable and Accrued Expenses$1,504,790$1,260,844▼ $243,946
Tax Exempt Bond Liabilities$421,020$0▼ $421,020
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$4,407,272$4,424,688▲ $17,416
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$104,521,216$124,550,593▲ $20,029,377
Net Assets With Donor Restrictions$8,562,722$9,975,123▲ $1,412,401
Total Net Assets Fund Balance$113,083,938$134,525,716▲ $21,441,778
Total Liabilities and Net Assets / Fund Balance$117,491,210$138,950,404▲ $21,459,194

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,294,822$18,062,474$33,357,296
Equipment$1,364,317$4,369,830$5,734,147
Land$4,233,155-$4,233,155
Other Land Buildings$2,539,725$1,631,662$4,171,387
Leasehold Improvements$62,348$30,022$92,370

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$6,459,799$240,454▲ $1,225,160$452,384$7,473,029
2022$5,609,016$253,821▲ $637,645$40,683$6,459,799
2021$6,695,218$10,000▼ $1,096,202-$5,609,016
2020$8,927,021$12,000▲ $1,556,908$419,557$10,076,372
2019$7,973,673$774,400▲ $589,423$410,475$8,927,021
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas PanekPresident & CEOFT$464,705$67,253$531,958
Danielle Roth Thru 824CFO/assistant TreasurerFT$277,602$62,733$340,335
Elena ConsalvoChief Development OfficerFT$233,198$56,954$290,152
Beth Brenninkmeyer DVMChief Veterinary OfficerFT$224,268$45,311$269,579
Janine PetroroDirector of Human ResourcesFT$202,015$54,447$256,462
William MaHead of Tech & OperationsFT$197,549$53,853$251,402
Gerald BrenninkmeyerDirector of TrainingFT$170,469$50,945$221,414
William J TottenSnr. Director of Digital MarketingFT$163,057$40,404$203,461
Marla L Nance-phillibertVeterinarianFT$155,541$39,800$195,341
Gail D Resnikoffthru 1223Director Planned GivingFT$151,208$39,325$190,533
Laura PetermanCHIEF OF STAFF/ASST. SecretaryFT$138,670$48,166$186,836
Kaylan SpatnyLead VeterinarianFT$143,772$38,158$181,930
Benjamin D CawleySnr Training Support ManagerFT$141,457$38,244$179,701

Board Members and Trustees

NameTitle
John L DonnellyChairman
Holly Hess GrossVice Chair
Andrea RedmondDirector
Cindy SullivanDirector
Cory ShieldsDirector
Curtis J LandtroopDirector
David FeinDirector
Dr Gaurang TrivediDirector
Eduardo AndradeDirector
Eli ManningDirector
Jane ParkerDirector
Patricia DavidDirector
Sue KelseyDirector
Thomas Mcc SoutherDirector
Wendy S DavidDirector
Jane AdamsSecretary
Matthew ZamesTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Resource OneDirect Mail Services2900 EAST APACHE STREET, Tulsa, OK 74110$2,979,305
Southwest PublishingDirect Mail Services4000 S E ADAMS ST, Topeka, KS 66609-1481$1,260,962
Culinart GroupDining ServicesPO BOX 417632, Boston, MA 02241-7632$551,517
Direct Mail Processors INCDirect Mail Services1150 CONRAD COURT, Hagertown, MD 21740-5905$537,508
Thompson Habib Denison INCFundraising Consult.55 OLD BEDFORD ROAD SUITE 201, Lincoln, MA 01773$502,517
Revenue and Support

Revenue Composition

Contributions and Grants
$42,240,895
Program Service Revenue
$629,700
Investment Income
$3,468,237
Other Revenue
$18,368
All Other Contributions
$42,139,592
Change in Net Assets
$10,161,189

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded29$580,430market quotation
Total Noncash Contributions29$580,430-

Audited Revenue Reconciliation

Revenue per Audited Statements
$46,219,394
Revenue Not Reported on Financial Statements
$137,806
Revenue Not Reported on Form 990
$11,280,589
Total Revenue per Audited Statements
$57,499,983
Total Revenue per Form 990
$46,357,200
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$19,395,388
Other Expenses$16,228,485
Total Fundraising Expense$8,391,899
Professional Fundraising Fees$572,138
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,204,211$6,677$1,187,490$11,398,378
Other Employee Benefits$2,868,986$326,488$186,571$3,382,045
Current Officers, Directors, Trustees, and Key Employees$1,918,806$349,268$71,882$2,339,956
Office Expenses$1,132,063$100,182$635,003$1,867,248
Depreciation Depletion$1,700,933$12,598$135,307$1,848,838
Fees for Services Other$233,854$66,293$1,085,564$1,385,711
Payroll Taxes$1,075,188$50,606$108,384$1,234,178
Pension Plan Contributions$880,061$92,074$68,696$1,040,831
All Other Expenses$750,112$1,013$4,300$755,425
Insurance$615,943$75,907$20,116$711,966
Travel$647,976$27,397$12,103$687,476
Occupancy$594,977$22,259$40,019$657,255
Other Expenses$654,081$4,745$1,567,158$654,081
Fees for Services Professional Fundraising--$572,138$572,138
Conferences and Meetings$70,796$11,784$71,206$153,786
Fees for Service Investment Mgmnt Fees-$137,806-$137,806
Fees for Services Accounting$95,077$21,643-$116,720
Fees for Services Legal$50,224$9,091-$59,315
Interest$29,931$1,299$978$32,208
Total Functional Expenses$1,841,513$0$4,398,740$6,240,253

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$36,196,011
Expenses per Audited Statements$36,058,205
Total Expenses per Audited Statements$36,058,205
Expenses Not Reported on Financial Statements$137,806
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$572,138
Fundraising Direct Expenses$114,622
Fundraising Gross Income$114,622
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Classic$215,925$114,622$61,297$53,325
Total Events$215,925$114,622$114,622-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

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
Gift Annuity Reserve$1,313,460
Operating Lease Liability$813,404
Deferred Compensation$606,980
Reserve for Health Insurance$430,000
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 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
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 2:

“Beth brenninkmeyer dvm, chief veterinary officer, and gerald brenninkmeyer, director of training, have a family relationship.”

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

“The organization's tax preparer furnishes a draft of form 990 to guiding eyes for the blind, inc. It is reviewed by the finance committee and management, consisting of the president/ceo and chief financial officer. An electronic version is then furnished to the entire board of directors prior to filing with the irs.”

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

“The conflict of interest policy is furnished to all board members and officers of the organization annually at the september board meeting. Attached to the policy is a certification statement that is required to be signed. This certification states that the signer will abide by the policy and has a duty to disclose potential conflicts of interest to the board of directors. New board members and appointed officers are required to sign the certification statement upon joining the board or upon appointment.”

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

“An analysis is made comparing the salaries at other guide dog schools giving consideration to size, location and budget. The analysis and recommendation is presented to the board for approval. The board's approval is communicated in writing to management to effectuate any changes in compensation.”

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

“The organization makes its governing documents and conflict of interest policy available to the public upon request. The organization's form 990 and financial statements are available on the organizations own website.”

Filing and Contact Details

Filer

Filer Name
Guiding Eyes for the Blind Inc
EIN
13-1854606
In Care Of
% ROBERT F MIANI
Phone
9142454024
Address
611 GRANITE SPRINGS ROAD, YORKTOWN HEIGHTS, NY 10598

Signing Officer

Name
Robert Miani
Title
CFO
Phone
9142454024
Signed
2025-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eduardo Andrade
Formed
1954
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
17
Employees
187
Volunteers
2,250

Preparer

Firm
Bdo USA
Address
200 PARK AVENUE 38TH FLOOR, NEW YORK, NY 10166
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Financial Statement Notes

PART V, COLUMN (C), LINE 1A:

“Guiding eyes' net assets with donor restrictions, which include perpetual-in-nature principal, perpetual-in-nature purpose restricted, and general purpose restricted, represent donations that have occurred over many years. Net assets with donor restrictions are reviewed annually or when identified with donor restrictions. Net assets amounts that were initially incorrectly classified with donor restrictions are reclassified in the year the difference is noted.”

PART V, LINE 4:

“THE ORGANIZATION has adopted an investment policy to diversify investments among both equity and fixed-income securities so as to provide a balance that will enhance total return while avoiding undue risk concentration in any single asset class or investment category. Guiding Eyes may appropriate for distribution each year 6% of its invested assets based upon their rolling average value over the prior 12 quarters, which is in line with their targeted rate of return. Endowment assets include those assets of donor-restricted funds that Guiding Eyes must hold in perpetuity, and as directed by the donors, and those assets that are Board-designated, as approved by the Board of Directors of Guiding Eyes. The endowment funds are invested in vehicles, such as money-market funds, mutual funds, and government and equity securities, as well as certificates of deposit.”

PART X, LINE 2:

“Under GAAP, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not the position will be sustained upon examination by a taxing authority. Guiding Eyes does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. Guiding Eyes has filed for and received income tax exemptions in the jurisdictions where it is required to do so. For the year ended September 30, 2024, there were no interest or penalties recorded or included in the statement of activities. Guiding Eyes is subject to routine audits by a taxing authority, but as of September 30, 2024, there were no examinations in progress.”

Raw XML AppendixShowing 400 of 1,207 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE GUIDE DOGS TO PEOPLE WITH VISION LOSS, AT NO COST TO THE INDIVIDUAL. WE ARE PASSIONATE ABOUT CONNECTING EXCEPTIONAL DOGS WITH INDIVIDUALS FOR GREATER INDEPENDENCE.
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IRS990/Desc0STUDENT INSTRUCTION AND GUIDE DOG TRAINING - THE GUIDING EYES STUDENT INSTRUCTION AND GUIDE DOG TRAINING IS COMPRISED OF THE FOLLOWING FUNCTIONAL PROGRAMS: EARLY/HOME SOCIALIZATION AND PUPPY RAISING FOR PURPOSE BRED GUIDE DOGS. ON-CAMPUS RESIDENTIAL TRAINING FOR BLIND OR VISUALLY IMPAIRED STUDENTS LEARNING TO USE A GUIDE DOG. SPECIALIZED TRAINING INSTRUCTION FOR INDIVIDUALS WHO ARE BLIND WITH ADDITIONAL DISABILITIES OR OBSTACLES SUCH AS BALANCE, HEARING OR LEARNING CHALLENGES. THE RUNNING GUIDE PROGRAM THAT EMPOWERS BLIND OR VISUALLY IMPAIRED STUDENTS TO LIVE A HEALTHY, MORE INDEPENDENT LIFESTYLE. HOME TRAINING FOR STUDENTS WHO ARE UNABLE TO TRAVEL TO NEW YORK FOR THE TWO WEEK ON CAMPUS PROGRAM. THESE PROGRAMS PROVIDE INDIVIDUALS WHO ARE BLIND OR VISUALLY IMPAIRED WITH FULLY TRAINED GUIDE DOGS. ALL SERVICES, INCLUDING TRAVEL COSTS TO AND FROM THE NEW YORK TRAINING CENTER AND ROOM AND BOARD, ARE PROVIDED AT NO CHARGE TO STUDENTS. IN FISCAL YEAR 2024, GUIDING EYES SUCCESSFULLY GRADUATED ONE HUNDRED FIFTY SIX (156) GUIDE DOG TEAMS. DOGS NOT SUITED FOR GUIDE DOG WORK GO ON TO ALTERNATE CAREERS SUCH AS BEING ADOPTED BY OTHER NON-PROFIT ORGANIZATIONS THAT SERVE INDIVIDUALS WITH DISABILITIES OR BY LAW ENFORCEMENT TO BE TRAINED AS DETECTION DOGS. OTHERS ARE RELEASED AS FAMILY PETS. ALL STAFF AND VOLUNTEERS ARE TRAINED BY GUIDING EYES WITH A FOCUS ON LOVE AND CARE FOR OUR DOGS THROUGHOUT THEIR WORKING LIFE.
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