Civic Intelligence

Hadley Institute for the Blind And

EIN 36-2183809 • 501(c)3 • Winnetka, IL

View Organization Page

Profile

Hadley creates personalized learning opportunities that empower adults with vision loss or blindness to thrive at home, at work and in their communities.

700 Elm StreetWinnetka, IL 60093

www.hadleyhelps.org

Siviq Scores

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

Liabilities / Assets

28th percentile

0.07x

Higher debt load relative to assets than 28% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

57th percentile

0.45x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

85th percentile

38%

Higher net margin than 85% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

42nd percentile

$314,504

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

6th percentile

-13%

Faster asset growth than 6% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

96th percentile

159%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$101,670,943

Up $5,054,271 (+5.2%) from 2023

Liabilities

Down

$566,766

Down $36,950 (-6.1%) from 2023

Net Assets

Up

$101,104,177

Up $5,091,221 (+5.3%) from 2023

Operations
Liabilities / Revenue57th percentileNet Margin85th percentile

Revenue

Down

$6,693,571

Down $1,407,949 (-17%) from 2023

Expenses

Up

$9,858,532

Up $450,484 (+4.8%) from 2023

Net Income

Down

-$3,164,961

Down $1,858,433 (-142%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth6th percentile

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

$150M$100M$50M$0Assets 2011: $76,093,012Liabilities 2011: $1,097,891Net Assets 2011: $74,995,1212011Assets 2012: $71,289,358Liabilities 2012: $1,079,491Net Assets 2012: $70,209,8672012Assets 2013: $77,434,615Liabilities 2013: $995,002Net Assets 2013: $76,439,6132013Assets 2014: $87,021,882Liabilities 2014: $1,016,025Net Assets 2014: $86,005,8572014Assets 2015: $85,792,883Liabilities 2015: $952,318Net Assets 2015: $84,840,5652015Assets 2017: $87,785,154Liabilities 2017: $904,379Net Assets 2017: $86,880,7752017Assets 2018: $91,820,230Liabilities 2018: $937,891Net Assets 2018: $90,882,3392018Assets 2019: $99,986,778Liabilities 2019: $7,935,602Net Assets 2019: $92,051,1762019Assets 2020: $97,188,163Liabilities 2020: $8,007,305Net Assets 2020: $89,180,8582020Assets 2021: $113,932,975Liabilities 2021: $7,299,700Net Assets 2021: $106,633,2752021Assets 2022: $99,224,802Liabilities 2022: $7,102,784Net Assets 2022: $92,122,0182022Assets 2023: $96,616,672Liabilities 2023: $603,716Net Assets 2023: $96,012,9562023Assets 2024: $101,670,943Liabilities 2024: $566,766Net Assets 2024: $101,104,1772024

Highlighted filing

2024

Assets$101,670,943
Liabilities$566,766
Net Assets$101,104,177
Open 2024 Filing

Operations Trend

Revenue Growth96th percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $6,626,2402011Expenses 2012: $6,511,1572012Expenses 2013: $6,391,9842013Revenue 2014: $8,321,889Expenses 2014: $6,658,973Net Income 2014: $1,662,9162014Revenue 2015: $7,261,009Expenses 2015: $6,739,377Net Income 2015: $521,6322015Revenue 2017: $5,306,004Expenses 2017: $7,679,275Net Income 2017: -$2,373,2712017Revenue 2018: $7,097,580Expenses 2018: $7,559,427Net Income 2018: -$461,8472018Revenue 2019: $8,429,787Expenses 2019: $8,271,121Net Income 2019: $158,6662019Revenue 2020: $10,784,243Expenses 2020: $9,730,575Net Income 2020: $1,053,6682020Revenue 2021: $6,078,501Expenses 2021: $9,581,162Net Income 2021: -$3,502,6612021Revenue 2022: $15,744,483Expenses 2022: $9,741,243Net Income 2022: $6,003,2402022Revenue 2023: $8,101,520Expenses 2023: $9,408,048Net Income 2023: -$1,306,5282023Revenue 2024: $6,693,571Expenses 2024: $9,858,532Net Income 2024: -$3,164,9612024

Highlighted filing

2024

Revenue$6,693,571
Expenses$9,858,532
Net Income-$3,164,961
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$101,670,943
Liabilities
$566,766
Net assets
$101,104,177
Revenue
$6,693,571
Expenses
$9,858,532
Net income
-$3,164,961
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$102$0.57$101$6.69$9.86$3.16
2023Detailed filing. Detailed filing data is available for this year.$96.6$0.60$96.0$8.10$9.41$1.31
2022Detailed filing. Detailed filing data is available for this year.$99.2$7.10$92.1$15.7$9.74$6.00
2021Detailed filing. Detailed filing data is available for this year.$114$7.30$107$6.08$9.58$3.50
2020Detailed filing. Detailed filing data is available for this year.$97.2$8.01$89.2$10.8$9.73$1.05
2019Detailed filing. Detailed filing data is available for this year.$100.0$7.94$92.1$8.43$8.27$0.16
2018Detailed filing. Detailed filing data is available for this year.$91.8$0.94$90.9$7.10$7.56$0.46
2017Detailed filing. Detailed filing data is available for this year.$87.8$0.90$86.9$5.31$7.68$2.37
2015Detailed filing. Detailed filing data is available for this year.$85.8$0.95$84.8$7.26$6.74$0.52
2014Detailed filing. Detailed filing data is available for this year.$87.0$1.02$86.0$8.32$6.66$1.66
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$77.4$1.00$76.4$6.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$71.3$1.08$70.2$6.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.1$1.10$75.0$6.63
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 24, 2025
Return Version
2023v6.0
Gross Receipts
$15,033,093
Mission and Program Overview

Mission

Hadley creates personalized learning opportunities that empower adults with vision loss or blindness to thrive at home, at work and in their communities.

Hadley provides both practical and social/emotional help to older adults adjusting to vision loss, empowering them to adapt and thrive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$56,241,768$63,818,700▲ $7,576,932
Investments Other Securities$28,518,219$27,907,045▼ $611,174
Land, Buildings, and Equipment, Net$8,657,258$8,230,157▼ $427,101
Pledges and Grants Receivable$838,959$650,503▼ $188,456
Savings and Temporary Cash Investments$1,174,411$575,748▼ $598,663
Cash and Non-Interest-Bearing Accounts$1,045,427$339,456▼ $705,971
Prepaid Expenses and Deferred Charges$140,218$147,916▲ $7,698
Accounts Receivable$412$1,418▲ $1,006
Total Assets$96,616,672$101,670,943▲ $5,054,271
Liabilities
Accounts Payable and Accrued Expenses$597,979$561,395▼ $36,584
Other Liabilities$5,737$5,371▼ $366
Total Liabilities$603,716$566,766▼ $36,950
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$89,074,335$94,366,585▲ $5,292,250
Net Assets With Donor Restrictions$6,938,621$6,737,592▼ $201,029
Total Net Assets Fund Balance$96,012,956$101,104,177▲ $5,091,221
Total Liabilities and Net Assets / Fund Balance$96,616,672$101,670,943▲ $5,054,271

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,244,297$3,351,248$10,595,545
Equipment$64,561$1,986,975$2,051,536
Other Land Buildings$901,391$308,871$1,210,262
Land$19,908-$19,908
Other Securities$22,801,526--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$86,975,165$549,880▲ $10,809,148$5,098,099$93,236,094
2022$89,950,170$1,514,541▲ $8,492,693$12,982,239$86,975,165
2021$103,809,093$133,255▼ $8,880,818$5,111,360$89,950,170
2020$86,236,177$120,104▲ $23,565,255$6,112,443$103,809,093
2019$89,100,330$3,644,262▼ $175,832$6,332,583$86,236,177
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie S TyePresidentFT$274,263$34,555$308,818
Brooke VossVP & Chief Development OfficerFT$180,606$40,062$220,668
Joan JaegerChief Marketing OfficerFT$165,495$53,387$218,882
Edwin HainesChief Program OfficerFT$162,114$25,823$187,937
Mary NelsonChief Operating OfficerFT$139,502$33,081$172,583
Andre LukatskyChief Technology OfficerFT$136,505$18,588$155,093
Susan ThompsonChief Human Resources OfficerFT$116,993$8,173$125,166
Douglas WalkerChief Innovation OfficerFT$122,265$400$122,665

Board Members and Trustees

NameTitle
Mark F StephanBoard Chair
Elizabeth SawyerWOMAN'S BOARD PRESIDENT
Allen a WeaverTrustee
Andrew J CittadineTrustee
Ann W CarterTrustee
Barbra BukovacTrustee
Bradley E RendellTrustee
David a FalterTrustee
Garrick M RiceTrustee
Gordon MontgomeryTrustee
Juergen M StarkTrustee
Louis S HarrisonTrustee
Louise a HollandTrustee
Michael a GoldTrustee
Mitch GreenwaldTrustee
Paul M GalloTrustee
Paul W Earle JrTrustee
Sandra C ForsytheTrustee
Scott B DickesTrustee
Stace a HilbrantTrustee
Steven V L BrownTrustee
William T McclainTrustee
Lynne D MontgomerySecretary
Thomas C DenisonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,739,044
Program Service Revenue
$0
Investment Income
$3,954,527
Other Revenue
$0
All Other Contributions
$1,937,889
Change in Net Assets
$-3,164,961

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$57,404Fair Market Value
Securities Publicly Traded6$42,843Fair Market Value
Total Noncash Contributions7$100,247-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,296,902
Revenue Not Reported on Financial Statements
$1,396,669
Revenue Not Reported on Form 990
$8,333,033
Other Revenue Adjustments
$1,396,669
Total Revenue per Audited Statements
$13,629,935
Total Revenue per Form 990
$6,693,571
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,202,831
Other Expenses$4,655,701
Total Fundraising Expense$1,133,949
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,100,392$239,425$387,629$2,727,446
Current Officers, Directors, Trustees, and Key Employees$873,811$329,640$271,238$1,474,689
Fees for Service Investment Mgmnt Fees-$1,396,669-$1,396,669
Advertising$938,747-$1,881$940,628
Fees for Services Other$512,240$208,126$14,762$735,128
Other Employee Benefits$437,331$64,156$99,708$601,195
Depreciation Depletion$314,420$57,563$68,117$440,100
Information Technology$278,521$38,597-$317,118
Payroll Taxes$212,231$31,134$48,386$291,751
All Other Expenses$107,595$19,478$63,978$191,051
Pension Plan Contributions$78,381$11,499$17,870$107,750
Conferences and Meetings$66,519$13,179$4,322$84,020
Other Expenses$75,717$10,668$12,759$75,717
Insurance$47,520$8,888$10,540$66,948
Fees for Services Accounting$23,265$4,323$5,095$32,683
Office Expenses$15,442$15,462-$30,904
Fees for Services Legal-$4,242-$4,242
Total Functional Expenses$6,140,726$2,583,857$1,133,949$9,858,532

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$9,858,532
Total Expenses per Audited Statements$8,538,714
Expenses per Audited Statements$8,461,863
Expenses Not Reported on Financial Statements$1,396,669
Other Expense Adjustments$1,396,669
Expenses Not Reported on Form 990$76,851
International Activity

International Summary

Offices
0
Employees
0
Spending
$14,455,254

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumInvestments-00$7,069,637
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,Investments-00$4,166,687
Middle East and North Africa Algeria, Bahrain, Djibouti, Egypt,Investments-00$2,357,241
North America - Canada and Mexico, But Not the United StatesInvestments-00$534,205
South America Argentina, Bolivia, Brazil, Chile, Columbia, EcuadorInvestments-00$263,895
Sub-saharan Africa - Angola, Benin, Botswana, Burkina Faso,Investments-00$63,589
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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gift Annuity Payable$5,371
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

“William t. Mcclain and stace a. Hilbrant - business relationship”

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

“The organization's internal management works with its paid tax preparer to prepare the form 990. Subsequent to management review, the governing body will also review the form 990 before it is filed. Copy of the organization's final form 990 (including required schedules), as ultimately filed with the irs, was provided to each voting member of the organization's governing body, officers, and managment prior to its filing with the irs.”

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

“The conflict of interest policy is reviewed by management annually to determine if all board members and key employees have signed the conflict of interest policy.if any potential conflict should arise, the conflicted individual is prohibited from taking part in the discussion or voting on the matter until the conflict is resolved.”

Form 990, Part VI, Section B, Line 15

“The hr director obtains comparable salary data for all positions within the organization on an annual basis. The comparability data is reviewed and any potential salary adjustments are documented and discussed during the annual employee review process. The president of the organization signs off on any salary adjustments.”

Form 990, Part VI, Section C, Line 19

“Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. We make our financial statements and form 990 available on our website.”

Filing and Contact Details

Filer

Filer Name
Hadley Institute for the Blind and
EIN
36-2183809
Phone
8474468111
Address
700 ELM STREET, WINNETKA, IL 60093

Signing Officer

Name
Johnjoe Farragher
Title
President
Phone
8474468111
Signed
2025-03-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Johnjoe Farragher
Formed
1920
Legal Domicile
Il
Voting Board Members
25
Independent Board Members
23
Employees
54
Volunteers
115

Preparer

Firm
Fgmk LLC
Address
2801 LAKESIDE DRIVE 3RD FLOOR, BANNOCKBURN, IL 60015
Preparer
Phillip a Levsky
Phone
8473740400
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“There was no change to the oversight process or selection process during the tax year.”

Financial Statement Notes

PART V, LINE 4:

“Provides operational support for the organization”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Investment advisory fees 1,396,669.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Investment advisory fees 1,396,669.”

Raw XML AppendixShowing 400 of 840 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.

Path#Value
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IRS990/ActivityOrMissionDesc0HADLEY PROVIDES BOTH PRACTICAL AND SOCIAL/EMOTIONAL HELP TO OLDER ADULTS ADJUSTING TO VISION LOSS, EMPOWERING THEM TO ADAPT AND THRIVE.
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IRS990/Desc0ADULTS ADJUSTING TO VISION LOSS DUE TO SUCH COMMON CONDITIONS AS GLAUCOMA, MACULAR DEGENERATION AND DIABETIC RETINOPATHY (AS WELL AS A WHOLE HOST OF OTHER EYE CONDITIONS) TURN TO HADLEY FOR BOTH PRACTICAL HELP AND SOCIAL/EMOTIONAL SUPPORT. OUR PRACTICAL HELP COMES IN THE FORM OF SHORT TUTORIALS THAT ADDRESS THE MOST COMMON ACTIVITIES OF DAILY LIVING THAT BECOME MORE DIFFICULT WITH DIMINISHED VISION. FROM POURING COFFEE TO USING A SMART PHONE TO READ THE MAIL, HADLEY TIPS AND TRICKS CAN BE IMMEDIATELY APPLIED AND BUILD CONFIDENCE. THESE 500+ WORKSHOPS ARE AVAILABLE ON HADLEYHELPS.ORG AS WELL AS IN LARGE PRINT AND AUDIO FORMATS SENT TO MEMBERS' HOMES. OUR SOCIAL/EMOTIONAL SUPPORT ADDRESSES THE STARK REALITY THAT VISION LOSS OFTEN BRINGS WITH IT INCREASED LEVELS OF ISOLATION, ANXIETY AND DEPRESSION. OUR SUPPORT STAFF CONNECT WITH HADLEY MEMBERS ON A PERSONAL LEVEL, UNDERSTANDING WHAT COULD MOST HELP THEM COPE. THROUGH OUR PEER-TO-PEER PROGRAM AND VISUAL SUPPORT GROUPS, WE CONNECT MEMBERS TO EACH OTHER AND TO HADLEY'S EXPERT HELP AS THEY LEARN TO ADAPT TO LIFE WITH THE DISABILITY OF DIMINISHED SIGHT.
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