Civic Intelligence

National Industries for the Blind

990 • Fiscal year 2018 • EIN 13-5596799

Oct 01, 2017 to Sep 30, 2018 • Filed on Apr 12, 2019

3000 Potomac AvenueAlexandria, VA 22305

(703) 310-0500

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$96,579,475

Flat from 2018

Net Assets

Flat

$37,031,825

Flat from 2018

Liabilities

Flat

$59,547,650

Flat from 2018

Revenue And Expenses

Revenue

Flat

$35,356,850

Flat from 2018

Expenses

Flat

$37,197,259

Flat from 2018

Net Income

Flat

-$1,840,409

Flat from 2018

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $50,225,454Liabilities 2010: $21,306,038Net Assets 2010: $28,919,4162010Assets 2011: $49,847,484Liabilities 2011: $23,114,349Net Assets 2011: $26,733,1352011Assets 2012: $51,855,149Liabilities 2012: $20,856,513Net Assets 2012: $30,998,6362012Assets 2013: $62,204,499Liabilities 2013: $31,129,475Net Assets 2013: $31,075,0242013Assets 2014: $56,913,029Liabilities 2014: $24,306,747Net Assets 2014: $32,606,2822014Assets 2015: $58,051,746Liabilities 2015: $24,767,067Net Assets 2015: $33,284,6792015Assets 2016: $63,056,180Liabilities 2016: $27,137,306Net Assets 2016: $35,918,8742016Assets 2017: $71,449,190Liabilities 2017: $32,268,262Net Assets 2017: $39,180,9282017Assets 2018: $96,579,475Liabilities 2018: $59,547,650Net Assets 2018: $37,031,8252018Assets 2018: $96,579,475Liabilities 2018: $59,547,650Net Assets 2018: $37,031,8252018Assets 2019: $99,539,899Liabilities 2019: $65,287,857Net Assets 2019: $34,252,0422019Assets 2020: $98,127,017Liabilities 2020: $60,785,122Net Assets 2020: $37,341,8952020Assets 2021: $100,540,455Liabilities 2021: $57,257,222Net Assets 2021: $43,283,2332021Assets 2022: $94,666,603Liabilities 2022: $53,746,433Net Assets 2022: $40,920,1702022Assets 2023: $96,697,189Liabilities 2023: $57,367,749Net Assets 2023: $39,329,4402023Assets 2024: $102,214,790Liabilities 2024: $57,267,237Net Assets 2024: $44,947,5532024

Highlighted filing

2018

Assets$96,579,475
Liabilities$59,547,650
Net Assets$37,031,825

Operations Trend

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

$40M$20M$0-$20MExpenses 2010: $30,735,8292010Expenses 2011: $32,149,4642011Expenses 2012: $32,148,6012012Expenses 2013: $33,534,1952013Revenue 2014: $34,226,243Expenses 2014: $31,489,764Net Income 2014: $2,736,4792014Revenue 2015: $36,476,344Expenses 2015: $33,457,285Net Income 2015: $3,019,0592015Revenue 2016: $38,640,742Expenses 2016: $36,931,021Net Income 2016: $1,709,7212016Revenue 2017: $38,645,003Expenses 2017: $35,110,145Net Income 2017: $3,534,8582017Revenue 2018: $35,356,850Expenses 2018: $37,197,259Net Income 2018: -$1,840,4092018Revenue 2018: $35,356,850Expenses 2018: $37,197,259Net Income 2018: -$1,840,4092018Revenue 2019: $36,996,600Expenses 2019: $38,860,448Net Income 2019: -$1,863,8482019Revenue 2020: $37,627,875Expenses 2020: $33,884,454Net Income 2020: $3,743,4212020Revenue 2021: $38,023,261Expenses 2021: $34,747,898Net Income 2021: $3,275,3632021Revenue 2022: $36,062,795Expenses 2022: $35,819,812Net Income 2022: $242,9832022Revenue 2023: $34,541,623Expenses 2023: $37,583,012Net Income 2023: -$3,041,3892023Revenue 2024: $39,996,060Expenses 2024: $35,969,764Net Income 2024: $4,026,2962024

Highlighted filing

2018

Revenue$35,356,850
Expenses$37,197,259
Net Income-$1,840,409
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Apr 12, 2019
Return Version
2017v2.3
Gross Receipts
$90,410,903
Mission and Program Overview

Mission

To enhance the opportunities for economic and personal independence of people who are blind, primarily through creating, sustaining and improving employment.

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$23,632,123$51,799,227▲ $28,167,104
Investments in Publicly Traded Securities$22,929,223$21,384,708▼ $1,544,515
Accounts Receivable$17,895,976$17,936,967▲ $40,991
Cash and Non-Interest-Bearing Accounts$5,528,029$3,409,810▼ $2,118,219
Other Notes and Loans Receivable, Net$499,744$1,214,149▲ $714,405
Prepaid Expenses and Deferred Charges$724,825$570,978▼ $153,847
Pledges and Grants Receivable$141,810$144,638▲ $2,828
Savings and Temporary Cash Investments$29$527▲ $498
Total Assets$71,449,190$96,579,475▲ $25,130,285
Other Assets Total$97,431$118,471▲ $21,040
Liabilities
Tax Exempt Bond Liabilities$11,225,863$25,634,834▲ $14,408,971
Accounts Payable and Accrued Expenses$20,361,011$23,774,799▲ $3,413,788
Mortgage Notes Payable Secured by Investment Property-$9,622,605-
Other Liabilities$562,956$515,412▼ $47,544
Deferred Revenue$118,432--
Total Liabilities$32,268,262$59,547,650▲ $27,279,388
Net Assets / Fund Balance
Unrestricted Net Assets$39,039,118$36,887,187▼ $2,151,931
Temporarily Rstr Net Assets$141,810$144,638▲ $2,828
Total Net Assets Fund Balance$39,180,928$37,031,825▼ $2,149,103
Total Liabilities and Net Assets / Fund Balance$71,449,190$96,579,475▲ $25,130,285

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$44,120,052-$44,120,052
Other Land Buildings$824,964$6,917,237$7,742,201
Land$6,829,125-$6,829,125
Leasehold Improvements$25,086$1,935,079$1,960,165
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin a LynchPresident/CEOFT$388,307$89,556$477,863
Angela M HartleyExecutive Vice PresidentFT$280,843$52,072$332,915
Steven T BriceVice President/CFOFT$235,431$58,363$293,794
Laura a ReimersVice President, CommunicationsFT$168,105$36,768$204,873
Richard a WebsterVice President, Public PolicyFT$146,981$56,518$203,499
Jonathan L KatzVice PresidentFT$175,466$20,670$196,136
Heather E LyonsGeneral CounselFT$160,520$21,329$181,849
Mallikarjun C BallaSr Director, It Systems and Tech.FT$154,947$19,380$174,327
Paul C DiamontiDir., Rehab and Product EngineeringFT$152,275$21,640$173,915
Andrew B MueckVice PresidentFT$164,273$4,276$168,549
A Robert BloomTreasurerPT$231-$231

Board Members and Trustees

NameTitle
Jeanne L MorinChair
William E CartyVice Chair
Al AvinaDirector
John H Mitchell IiiDirector
Karen S WallsDirector
Ken J FernaldDirector
Kristin K FrenchDirector
Michael MonteferranteDirector
Paul M HealyDirector
Richard T GinmanDirector
Susan MarkelDirector
Susan MustacchioDirector
Tamara OwenDirector
Platt Allen IiiDirector (beg. 01/18)
Vikram AgarwalDirector (beg. 01/18)
Dennis L SteinerDirector (beg. 04/18)
Michael N GilliamDirector (through 01/18)
Gibson M DuterroilDirector (through 03/18)
Neil RomanoDirector (through 04/18)
Susan CostlowDirector Then Secretary (eff. 01/18)
Robert a CouncilSecretary (through 01/18)

Highest Paid Contractors

ContractorServicesLocationCompensation
James Davis Construction CorpConstruction Services12530 PARKLAWN DR STE 100, Rockville, MD 20852$1,159,728
S & K Sales CoResale Broker Services2500 HAWKEYE COURT, Virginia Beach, VA 23452$571,325
Wiley Rein LLPLegal Services1776 K ST NW, Washington, DC 20006$528,011
Davis Carter Scott LtdArchitectural Design Services1676 INTERNATIONAL DR 5FL, Mclean, VA 22102$434,152
Denovo Ventures LLCIt Consulting6328 MONARCH PARK PLACE SUITE 200, Boulder, CO 80503$433,090
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$31,689,278
Investment Income
$1,204,898
Other Revenue
$2,462,674
Change in Net Assets
$-1,840,409

Audited Revenue Reconciliation

Revenue per Audited Statements
$35,356,850
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,772,305
Total Revenue per Audited Statements
$37,129,155
Total Revenue per Form 990
$35,356,850
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$22,550,430
Other Expenses$13,369,518
Grants and Similar Amounts Paid$1,277,311
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,255,761$2,027,356-$16,283,117
Advertising$2,610,583--$2,610,583
Other Employee Benefits$1,835,226$236,574-$2,071,800
Occupancy$1,442,853$254,488-$1,697,341
Fees for Services Other$1,496,897$200,121-$1,697,018
Current Officers, Directors, Trustees, and Key Employees$1,394,114$140,031-$1,534,145
Pension Plan Contributions$1,273,393$186,848-$1,460,241
Grants to Domestic Orgs$1,277,311--$1,277,311
Travel$1,187,199$56,442-$1,243,641
Payroll Taxes$1,057,399$143,728-$1,201,127
Conferences and Meetings$1,035,312$29,739-$1,065,051
All Other Expenses$523,848$284,883-$808,731
Office Expenses$672,536$130,233-$802,769
Information Technology$581,402$101,797-$683,199
Fees for Services Legal$395,846$93,257-$489,103
Other Expenses$370,625$85,702-$370,625
Depreciation Depletion$291,048$50,959-$342,007
Insurance$100,178$17,540-$117,718
Fees for Services Accounting-$111,994-$111,994
Fees for Services Lobbying$75,000--$75,000
Total Functional Expenses$32,725,046$4,472,213$0$37,197,259

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$38,820,501
Total Expenses per Form 990$37,197,259
Expenses per Audited Statements$36,942,408
Expenses Not Reported on Form 990$1,878,093
Expenses Not Reported on Financial Statements$254,851
Other Expense Adjustments$254,851
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Empire State Employment Resources for the Blind IncAlbany, NY501(c)(3)Program Support$254,851
Lighthouse for the Blind IncSeattle, WA501(c)(3)Reporting & Edi Enh., Comp. and Prod. Imp. and Contractor Compliance Enh.$110,000
Envision FoundationWichita, KS501(c)(3)Business Development$75,000
Beyond VisionMilwaukee, WI501(c)(3)Contractor Compliance Enhancement and Compensation and Productivity Improvement$70,000
Winston-salem Industries for the Blind IncWinstonsalem, NC501(c)(3)Compensation and Productivity Improvement and Contractor Compliance Enhancement$70,000
Central Association for the Blind and Visually ImpairedUtica, NY501(c)(3)Compensation and Productivity Improvement, Reporting & Edi Enhancement and Mentoring$64,777
San Antonio Lighthouse for the BlindSan Antonio, TX501(c)(3)Compensation and Productivity Improvement and Mentoring$42,283
Industries of the Blind IncGreensboro, NC501(c)(3)Contractor Compliance Enhancement and Compensation and Productivity Improvement$42,160
AlphapointeKansas City, MO501(c)(3)Compensation and Productivity Improvement and Mentoring$41,787
Elizabeth Pierce Olmsted Md Center Ft Visually ImpairedBuffalo, NY501(c)(3)Reporting & Edi Enhancement, Compensation and Productivity Improvement and Mentoring$40,596
Arkansas Lighthouse for the BlindLittle Rock, AR501(c)(3)Compensation and Productivity Improvement$40,000
Blind Industries and Services of MarylandBaltimore, MD501(c)(3)Compensation and Productivity Improvement$40,000
Westmoreland County Blind AssociationGreensburg, PA501(c)(3)Compensation and Productivity Improvement$40,000
Newview Oklahoma IncOklahoma City, OK501(c)(3)Compensation and Productivity Improvement and Contractor Compliance Enhancement$37,995
Lighthouse for the Blind in New Orleans IncorporatedNew Orleans, LA501(c)(3)Compensation and Productivity Improvement$34,760
Clovernook Ctr Ft Blind & Visually ImpairedCinncinnati, OH501(c)(3)Compensation and Productivity Improvement$30,720
Louisiana Association for the Blind IncShreveport, LA501(c)(3)Compensation and Productivity Improvement$30,072
Bosma Industries for the BlindIndianapolis, IN501(c)(3)Compensation and Productivity Improvement and Contractor Compliance Enhancement$25,931
Keystone Vocational Services IncSharon, PA501(c)(3)Compensation and Productivity Improvement$25,460
Georgia Industries for the BlindBainbridge, GAGOV'TCompensation and Productivity Improvement and Contractor Compliance Enhancement$22,225
Rlcb IncRaleigh, NC501(c)(3)Compensation and Productivity Improvement$18,891
Association for the Blind and Visually Impaired - GoodwillRochester, NY501(c)(3)Compensation and Productivity Improvement$17,744
Visionserve AllianceSt Louis, MO501(c)(3)Business Development$14,085
American Association of People With DisabilitiesWashington, DC501(c)(3)Business Development$10,000
Alexandria Chamber of CommerceAlexandria, VA501(c)(6)Business Development$8,047
Outlook-nebraska IncOmaha, NE501(c)(3)Contractor Compliance Enhancement and Mentoring$7,700
Beacon Lighthouse IncWichita Falls, TX501(c)(3)Contractor Compliance Enhancement$5,743
Lions Industries for the Blind IncKinston, NC501(c)(3)Contractor Compliance Enhancement$5,184
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Post-retirement Benefits$417,759
Interest Rate Swap Liability$65,200
Deferred Rent$32,453

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe Ida of the City of Alexandria2015-10-27$25,634,834BUILDING CONSTRUCTION

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$25,634,834---

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 was prepared by the outside accountants and reviewed in detail by senior management. Nib's audit and ethics committee, a subcommittee of the board of directors, then reviewed the draft. Finally, nib provided the final 990 to all directors before it was filed with the irs.

Form 990, Part VI, Section B, Line 12C

Annually, each employee and director is required to review the conflict of interest policy and certify that he/she understands the policy and is in compliance with it. Employees and directors are required to report any alleged criminal conduct or violations of the conflict of interest policy to one of nib's three compliance officers or to the external nib compliance service provider. Any person who submits a concern to a nib compliance officer or to the external nib compliance service provider has the option of remaining anonymous. The compliance officers conduct internal investigations, involving the nib board audit and ethics committee as appropriate. The compliance officers have the authority to trigger law enforcement or other regulatory inquiries as appropriate.

Form 990, Part VI, Section B, Line 15

For the ceo, the board of directors of nib sets the ceo's compensation based on: 1) information provided by periodic compensation surveys conducted by outside consultants; 2) other published compensation data; and 3) guidance from nib's board of directors. All the information is documented in board minutes. For other officers and key employees, nib sets compensation based on: 1) information provided by periodic compensation surveys conducted by outside consultants; 2) other published compensation data; and 3) guidance from nib's internal calibration committee. All the information is documented in employee personnel files. The last compensation review took place in january 2018.

Form 990, Part VI, Section C, Line 19

Nib makes its conflict of interest policy and financial statements available to the public on the organization's website. Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
National Industries for the Blind
EIN
13-5596799
Phone
7033100500
Address
3000 POTOMAC AVENUE, ALEXANDRIA, VA 22305

Signing Officer

Name
Kevin a Lynch
Title
President & CEO
Phone
7033100500
Signed
2019-04-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin a Lynch
Formed
1938
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
18
Employees
189
Volunteers
24

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 650N, BETHESDA, MD 20814-2930
Preparer
Jackie Cardello CPA
Phone
3019519090
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

The organization ceased conducting the new york state preferred source program (nyspsp). The program was transferred to eserb, a related, controlled entity.

FORM 990, PART XI, LINE 9:

Changes in value of split-interest agreement 2,828. Miscellaneous transfer adjustments -3.

Financial Statement Notes

PART X, LINE 2:

For the years ended september 30, 2018 and 2017, nib has documented its consideration of fasb asc 740-10, income taxes, that provides guidance for reporting uncertainty in income taxes and has determined that no material uncertain tax positions qualify for either recognition or disclosure in the consolidated financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Related entity revenue included in consolidated audited 2,083,824. Financial statements and exluded from form 990, part viii.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Related entity expenses included in consolidated audited 1,878,093. Financial statements and exluded from form 990, part ix.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Related entity net assets transfer 254,851.

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IRS990/Desc0ABILITYONE PROGRAM ACCOMPLISHMENTS: NIB AND ITS ASSOCIATED NONPROFIT AGENCIES EMPLOYED 6,001 PEOPLE WHO ARE BLIND, INCLUDING VETERANS WHO ARE BLIND, DURING FISCAL YEAR 2018. NIB AND ITS ASSOCIATED AGENCIES GENERATED 397 NEW JOB OPPORTUNITIES FOR PEOPLE WHO ARE BLIND IN FISCAL YEAR 2018 THROUGH PRODUCT MANUFACTURING AND SERVICE DELIVERY. NIB DELIVERS INNOVATIVE PROFESSIONAL TRAINING TO PEOPLE WHO ARE BLIND TO HELP THEM BUILD KNOWLEDGE-BASED CAREERS; 23 PARTICIPANTS WHO ARE BLIND BEGAN BUSINESS MANAGEMENT TRAINING, WHICH DEVELOPS LEADERSHIP SKILLS AND BUSINESS ACUMEN. IN FISCAL YEAR 2018, 430 PEOPLE WHO ARE BLIND WERE PROMOTED OR OBTAINED COMPETITIVE POSITIONS WITHIN NIB ASSOCIATED AGENCIES OR THEIR COMMUNITIES AS A RESULT OF TRAINING AND REHABILITATION SERVICES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt24VICE PRESIDENT/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt25VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt26VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt27VICE PRESIDENT, COMMUNICATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt28GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt29SR DIRECTOR, IT SYSTEMS AND TECH.
IRS990/Form990PartVIISectionAGrp/TitleTxt30VICE PRESIDENT, PUBLIC POLICY
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIR., REHAB AND PRODUCT ENGINEERING
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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.$102$57.3$44.9$40.0$36.0$4.03
2023Detailed filing. Detailed filing data is available for this year.$96.7$57.4$39.3$34.5$37.6$3.04
2022Detailed filing. Detailed filing data is available for this year.$94.7$53.7$40.9$36.1$35.8$0.24
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$101$57.3$43.3$38.0$34.7$3.28
2020Detailed filing. Detailed filing data is available for this year.$98.1$60.8$37.3$37.6$33.9$3.74
2019Detailed filing. Detailed filing data is available for this year.$99.5$65.3$34.3$37.0$38.9$1.86
2018Detailed filing. Detailed filing data is available for this year.$96.6$59.5$37.0$35.4$37.2$1.84
2018Detailed filing. Detailed filing data is available for this year.$96.6$59.5$37.0$35.4$37.2$1.84
2017Detailed filing. Detailed filing data is available for this year.$71.4$32.3$39.2$38.6$35.1$3.53
2016Detailed filing. Detailed filing data is available for this year.$63.1$27.1$35.9$38.6$36.9$1.71
2015Detailed filing. Detailed filing data is available for this year.$58.1$24.8$33.3$36.5$33.5$3.02
2014Detailed filing. Detailed filing data is available for this year.$56.9$24.3$32.6$34.2$31.5$2.74
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.2$31.1$31.1$33.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.9$20.9$31.0$32.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.8$23.1$26.7$32.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.2$21.3$28.9$30.7
Peer Organizations

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