Civic Intelligence

Bosma Industries for the Blind Inc

EIN 31-1246086 • 501(c)3 • Indianapolis, IN

Profile

Bosma enterprises, creating opportunities for individuals who are blind or visually impaired.

Refreshing map…

6270 Corporate DriveIndianapolis, IN 46278

www.bosma.org

Siviq Scores

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

Liabilities / Assets

24th percentile

0.07x

Higher debt load relative to assets than 24% of similar nonprofits.

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

Liabilities / Revenue

15th percentile

0.08x

Higher debt load relative to revenue than 15% of similar nonprofits.

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

Net Margin

66th percentile

11%

Higher net margin than 66% of similar nonprofits.

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

Top Officer Pay

63rd percentile

$626,326

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

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

Asset Growth

70th percentile

11%

Faster asset growth than 70% of similar nonprofits.

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

Revenue Growth

37th percentile

3.8%

Faster revenue growth than 37% of similar nonprofits.

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

Assets

Up

$128,208,005

Up $36,773,685 (+40%) from 2022

Liabilities

Down

$8,996,729

Down $1,665,155 (-16%) from 2022

Net Assets

Up

$119,211,276

Up $38,438,840 (+48%) from 2022

Revenue

Down

$109,288,049

Down $7,229,262 (-6.2%) from 2022

Expenses

Down

$97,284,485

Down $7,051,039 (-6.8%) from 2022

Net Income

Down

$12,003,564

Down $178,223 (-1.5%) from 2022

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $19,182,778Liabilities 2010: $8,139,956Net Assets 2010: $11,042,8222010Assets 2011: $23,799,426Liabilities 2011: $10,168,750Net Assets 2011: $13,630,6762011Assets 2012: $24,661,199Liabilities 2012: $9,555,017Net Assets 2012: $15,106,1822012Assets 2013: $28,598,230Liabilities 2013: $9,759,262Net Assets 2013: $18,838,9682013Assets 2014: $31,631,810Liabilities 2014: $7,865,730Net Assets 2014: $23,766,0802014Assets 2015: $41,085,758Liabilities 2015: $11,384,074Net Assets 2015: $29,701,6842015Assets 2016: $41,684,557Liabilities 2016: $7,727,733Net Assets 2016: $33,956,8242016Assets 2017: $49,057,460Liabilities 2017: $8,538,800Net Assets 2017: $40,518,6602017Assets 2018: $53,277,119Liabilities 2018: $7,409,559Net Assets 2018: $45,867,5602018Assets 2020: $62,231,744Liabilities 2020: $5,524,159Net Assets 2020: $56,707,5852020Assets 2021: $81,009,765Liabilities 2021: $12,180,646Net Assets 2021: $68,829,1192021Assets 2022: $91,434,320Liabilities 2022: $10,661,884Net Assets 2022: $80,772,4362022Assets 2025: $128,208,005Liabilities 2025: $8,996,729Net Assets 2025: $119,211,2762025

Highlighted filing

2025

Assets$128,208,005
Liabilities$8,996,729
Net Assets$119,211,276

Operations Trend

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

$150M$100M$50M$0Expenses 2010: $9,618,4892010Expenses 2011: $10,514,7482011Expenses 2012: $11,380,2882012Expenses 2013: $45,428,3062013Revenue 2014: $56,008,917Expenses 2014: $51,103,776Net Income 2014: $4,905,1412014Revenue 2015: $61,806,720Expenses 2015: $55,899,559Net Income 2015: $5,907,1612015Revenue 2016: $65,563,165Expenses 2016: $61,314,067Net Income 2016: $4,249,0982016Revenue 2017: $69,172,735Expenses 2017: $62,681,398Net Income 2017: $6,491,3372017Revenue 2018: $68,863,700Expenses 2018: $63,524,124Net Income 2018: $5,339,5762018Revenue 2020: $78,038,285Expenses 2020: $74,733,939Net Income 2020: $3,304,3462020Revenue 2021: $94,086,839Expenses 2021: $82,836,920Net Income 2021: $11,249,9192021Revenue 2022: $116,517,311Expenses 2022: $104,335,524Net Income 2022: $12,181,7872022Revenue 2025: $109,288,049Expenses 2025: $97,284,485Net Income 2025: $12,003,5642025

Highlighted filing

2025

Revenue$109,288,049
Expenses$97,284,485
Net Income$12,003,564

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$128$9.00$119$109$97.3$12.0
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$91.4$10.7$80.8$117$104$12.2
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.0$12.2$68.8$94.1$82.8$11.2
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$62.2$5.52$56.7$78.0$74.7$3.30
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.3$7.41$45.9$68.9$63.5$5.34
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.1$8.54$40.5$69.2$62.7$6.49
2016Detailed filing. Detailed filing data is available for this year.$41.7$7.73$34.0$65.6$61.3$4.25
2015Detailed filing. Detailed filing data is available for this year.$41.1$11.4$29.7$61.8$55.9$5.91
2014Detailed filing. Detailed filing data is available for this year.$31.6$7.87$23.8$56.0$51.1$4.91
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.6$9.76$18.8$45.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.7$9.56$15.1$11.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.8$10.2$13.6$10.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.2$8.14$11.0$9.62
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 13, 2026
Return Version
2024v5.0
Gross Receipts
$109,300,126
Mission and Program Overview

Mission

Bosma enterprises, creating opportunities for individuals who are blind or visually impaired.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$50,415,739$58,926,565▲ $8,510,826
Cash and Non-Interest-Bearing Accounts$30,324,758$32,533,791▲ $2,209,033
Inventories for Sale or Use$11,699,205$14,479,491▲ $2,780,286
Land, Buildings, and Equipment, Net$11,962,615$11,846,209▼ $116,406
Accounts Receivable$8,384,070$7,697,743▼ $686,327
Prepaid Expenses and Deferred Charges$624,266$591,889▼ $32,377
Savings and Temporary Cash Investments$799,967$580,590▼ $219,377
Investments Other Securities-$155,050-
Total Assets$115,365,688$128,208,005▲ $12,842,317
Other Assets Total$1,155,068$1,396,677▲ $241,609
Liabilities
Accounts Payable and Accrued Expenses$7,908,180$7,682,141▼ $226,039
Other Liabilities$1,109,706$1,314,588▲ $204,882
Total Liabilities$9,017,886$8,996,729▼ $21,157
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$106,347,802$119,211,276▲ $12,863,474
Total Net Assets Fund Balance$106,347,802$119,211,276▲ $12,863,474
Total Liabilities and Net Assets / Fund Balance$115,365,688$128,208,005▲ $12,842,317

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,641,831$4,346,833$11,988,664
Equipment$853,385$5,092,230$5,945,615
Land$2,853,996-$2,853,996
Other Land Buildings$496,997$704,162$1,201,159

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$15,213,438$10,330,061▲ $4,356,256-$29,774,658
2023$13,087,245$274,153▲ $1,909,980-$15,213,438
2022$11,609,144$249,415▲ $1,265,839-$13,087,245
2021$13,046,253$194,875▼ $1,591,845-$11,609,144
2020$10,183,099$229,784▲ $2,660,856$9,039$13,046,253
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffrey MittmanPresident/ceFT$624,020$2,306$626,326
Jeffrey MittmanPresident/CEO-$323,667$302,659$626,326
Teresa WatsonCFOFT$193,994$154,936$348,930
Lise PaceExecutive VPFT$177,585$131,951$309,536
Douglas Pingel Term Date 121324VP OperationFT$288,813$18,997$307,810
Douglas Pingel Term Date 121324VP Operations-$189,078$118,732$307,810
Jodi VirgilVP Human ResFT$246,604$30,551$277,155
Jodi VirgilVP Human Resources-$146,671$130,484$277,155
Jason BaileyChief Tech.FT$221,502$30,628$252,130
Jason BaileyChief Tech. Officer-$154,526$97,604$252,130
Dana Werner Term Date 101224Chief Oper.FT$204,717$10,764$215,481
Dana Werner Term Date 101224Chief Oper. Officer-$140,862$74,619$215,481
Jamie WilberVP of COM. SFT$212,464$1,117$213,581
Jamie WilberVP of COM. Sales-$155,834$57,747$213,581
Brandon WellsExec Director ofPT$201,091$1,755$202,846
Brandon WellsExec Director of Bvof-$151,422$51,424$202,846
Kristin StickleControllerFT$140,552$44,295$184,847
James Michaels Term Date 8224VP Program SFT$157,009$20,469$177,478
James Michaels Term Date 8224VP Program Services-$107,488$69,990$177,478
Daniel BrilesDirector of CompFT$145,122$30,144$175,266
Daniel BrilesDirector of Compliance-$114,650$60,616$175,266
Tonja SaprissaSenior Mgr OFT$134,313$24,638$158,951
Tonja SaprissaSenior Mgr of Sales-$111,464$47,487$158,951
Brian PetraitsDirector of ManufFT$120,760$30,023$150,783
Brian PetraitsDirector of Manufacturing-$99,335$51,448$150,783
James HoopingarnerDirector of DistFT$119,631$30,012$149,643
Rebecca EvansAr Payroll MFT$143,175-$143,175
Marsha EganVP of Prog.FT$119,554$12,108$131,662
Jean Barske Start Date 6324Chief Oper.FT$106,015$15,599$121,614

Board Members and Trustees

NameTitle
Kevin MandrellChair
Gregory OttingerVice Chair
Amanda RoseDirector
Bart BookDirector
Brian BosmaDirector
Chris DunlaveyDirector
Connor SullivanDirector
Donald KoorsDirector
Jeff WeberDirector
Keith BerlenDirector
Keith IsomDirector
Oscar a GutierrezDirector
Stephen M PowellDirector
Steven L BucksotSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$449,251
Program Service Revenue
$105,134,160
Investment Income
$2,902,172
Other Revenue
$802,466
All Other Contributions
$53,914
Change in Net Assets
$12,003,564
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$75,216,492
Salaries, Compensation, and Employee Benefits$11,193,858
Grants and Similar Amounts Paid$10,874,135
Total Fundraising Expense$767,748
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$10,874,135--$10,874,135
Other Salaries and Wages$1,409,431$3,995,257$300,892$5,705,580
Other Employee Benefits$754,746$1,638,365$113,461$2,506,572
Current Officers, Directors, Trustees, and Key Employees$465,605$1,319,830$99,400$1,884,835
Comp Disqual Persons$270,957$768,069$57,845$1,096,871
All Other Expenses$235,936$825,252$16,599$1,077,787
Other Expenses$193,989$497,919$44,547$736,455
Travel$246,344$423,512$12,752$682,608
Depreciation Depletion$229,880$297,428$23,336$550,644
Advertising-$463,092$81,448$544,540
Fees for Services Lobbying-$214,213-$214,213
Office Expenses$67,457$106,930$10,492$184,879
Fees for Services Legal-$180,202-$180,202
Insurance$14,965$117,367$3,470$135,802
Conferences and Meetings$11,902$106,601$3,391$121,894
Fees for Services Accounting-$84,500$115$84,615
Fees for Service Investment Mgmnt Fees-$56,878-$56,878
Interest-$387-$387
Total Functional Expenses$85,420,935$11,095,802$767,748$97,284,485
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bosma Visionary Opportunities FdnIndianapolis, IN501c3Svcs$10,849,968
Westfield Foundation Education IncWestfield, MA501c3-$11,867
Envision IncWichita, KS501c3Svcs$11,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

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
Defered Compensation Obligation$1,314,588
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of form 990 is provided to the finance/audit committee prior to filing with the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy by continuous monitoring by the governance committee as well as discussed at board meetings.

Form 990, Page 6, Part VI, Line 15A

The process for determining compensation is reviewed and approved annually by the executive committee.

Form 990, Page 6, Part VI, Line 15B

The process for determining compensation is reviewed and approved annually by the finance/audit committee.

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Bosma Industries for the Blind Inc
EIN
31-1246086
Phone
3176840600
Address
6270 CORPORATE DRIVE, INDIANAPOLIS, IN 46278
Doing Business As
Bosma Enterprises

Signing Officer

Name
Teresa Watson
Title
CFO
Phone
3176840600
Signed
2026-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Mittman
Formed
1988
Legal Domicile
In
Voting Board Members
15
Independent Board Members
14
Employees
190
Volunteers
81

Preparer

Firm
L M Henderson & Company Llp
Address
450 E 96TH ST STE 200, INDIANAPOLIS, IN 46240-3797
Preparer
James J Cline
Phone
3175661000
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

BOSMA ENTERPRISES

Form 990, Page 2, Part III, Line 4B

Bosma, through its center for visionary solutions, is indiana's largest provider of comprehensive vision rehabilitation programs, serving nearly 1,000 clients each year. These programs teach skills needed for an individual to live independently. They served over 900 hoosiers last year. Bosma provides in-home community-based services, teaching clients the skills to be independent in their home, from safely cooking to managing household items like medications and bills. The program is also expanding to serve more individuals through virtual and group training at senior centers and other community organizations. Bosma's center-based services is a 3 - 5 month residential, comprehensive training program. Clients from all over indiana come to bosma's rehabilitation center in northwest indianapolis to learn how to adapt to living with vision loss. They learn skills like cooking, cleaning, using a computer, and navigating their environment safely with tools like a white cane. Employment presents a major challenge for people who are blind or visually impaired. In fact, they face an unemployment rate that is 10 times higher than the national rate. Bosma's community employment services clients find meaningful employment through activities like resume writing, interview preparation, and making sure workspaces are accessible with tools such as software. Bosma's center also acts as a hub where people can call to get more information about resources available through bosma and other agencies. Last year, the team handled over 1,400 calls.

Financial Statement Notes

Schedule D, Page 3, Part X

Bosma has been determined by the internal revenue service to be tax exempt under section 501(c)(3) of the internal revenue code (code). As a result,contributions made to bosma qualify as charitable deductions as described in section 170(c) of the code. Bosma has been classified as an organization that is not a private foundation under section 509(a) of the code. Management evaluates all tax positions taken or expected to be taken on its annual information returns, including the position that bosma continues to qualify to be treated as a section 501(c)(3) organization for both federal and state purposes. For the years ended june 30, 2025 and june 30, 2024, management does not feel it has taken any tax positions that would not be sustained under examination. Therefore, no interest or penalties have been accrued or charged to expense as of june 30, 2025 and june 30, 2024, or the periods then ended. The annual information returns for bosma are subject to examination by taxing authorities for a period of three years from the date they are filed.

Raw XML AppendixShowing 400 of 912 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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