Civic Intelligence

Vision Loss Resources Inc.

990 • Fiscal year 2014 • EIN 41-0694713

Jan 01, 2014 to Dec 31, 2014 • Filed on May 10, 2015

1936 Lyndale Avenue SouthMinneapolis, MN 55403

(612) 871-2222

Siviq Scores

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

Liabilities / Assets

35th percentile

0.11x

Higher debt load relative to assets than 35% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

63rd percentile

0.43x

Higher debt load relative to revenue than 63% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

15th percentile

-9.4%

Higher net margin than 15% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

72nd percentile

$248,325

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

31st percentile

-0.8%

Faster asset growth than 31% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

18th percentile

-8.8%

Faster revenue growth than 18% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Down

$9,999,937

Down $76,214 (-0.8%) from 2013

Net Assets

Down

$8,900,899

Down $252,743 (-2.8%) from 2013

Liabilities

Up

$1,099,038

Up $176,529 (+19%) from 2013

Revenue

Down

$2,547,136

Down $244,761 (-8.8%) from 2013

Expenses

Up

$2,787,065

Up $446,878 (+19%) from 2013

Net Income

Down

-$239,929

Down $691,639 (-153%) from 2013

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $7,760,138Liabilities 2010: $746,097Net Assets 2010: $7,014,0412010Assets 2011: $8,575,351Liabilities 2011: $842,812Net Assets 2011: $7,732,5392011Assets 2012: $9,492,327Liabilities 2012: $921,305Net Assets 2012: $8,571,0222012Assets 2013: $10,076,151Liabilities 2013: $922,509Net Assets 2013: $9,153,6422013Assets 2014: $9,999,937Liabilities 2014: $1,099,038Net Assets 2014: $8,900,8992014Assets 2015: $9,785,727Liabilities 2015: $873,603Net Assets 2015: $8,912,1242015Assets 2016: $10,590,416Liabilities 2016: $1,273,963Net Assets 2016: $9,316,4532016Assets 2017: $11,484,183Liabilities 2017: $1,419,652Net Assets 2017: $10,064,5312017Assets 2018: $11,402,654Liabilities 2018: $1,291,531Net Assets 2018: $10,111,1232018Assets 2019: $13,326,321Liabilities 2019: $826,625Net Assets 2019: $12,499,6962019Assets 2020: $14,973,587Liabilities 2020: $1,791,271Net Assets 2020: $13,182,3162020Assets 2021: $22,452,151Liabilities 2021: $7,637,077Net Assets 2021: $14,815,0742021Assets 2022: $19,969,225Liabilities 2022: $5,877,775Net Assets 2022: $14,091,4502022Assets 2023: $15,813,751Liabilities 2023: $1,352,485Net Assets 2023: $14,461,2662023Assets 2024: $17,334,067Liabilities 2024: $1,378,206Net Assets 2024: $15,955,8612024

Highlighted filing

2014

Assets$9,999,937
Liabilities$1,099,038
Net Assets$8,900,899

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2010: $2,046,643Expenses 2010: $1,874,156Net Income 2010: $172,4872010Revenue 2011: $2,471,953Expenses 2011: $1,753,455Net Income 2011: $718,4982011Revenue 2012: $2,837,774Expenses 2012: $2,053,406Net Income 2012: $784,3682012Revenue 2013: $2,791,897Expenses 2013: $2,340,187Net Income 2013: $451,7102013Revenue 2014: $2,547,136Expenses 2014: $2,787,065Net Income 2014: -$239,9292014Revenue 2015: $2,833,193Expenses 2015: $2,637,997Net Income 2015: $195,1962015Revenue 2016: $3,182,367Expenses 2016: $2,863,381Net Income 2016: $318,9862016Revenue 2017: $3,458,492Expenses 2017: $2,761,684Net Income 2017: $696,8082017Revenue 2018: $3,109,119Expenses 2018: $2,762,750Net Income 2018: $346,3692018Revenue 2019: $2,091,537Expenses 2019: $2,874,916Net Income 2019: -$783,3792019Revenue 2020: $2,533,994Expenses 2020: $2,051,454Net Income 2020: $482,5402020Revenue 2021: $4,856,751Expenses 2021: $2,630,864Net Income 2021: $2,225,8872021Revenue 2022: $2,006,354Expenses 2022: $4,271,768Net Income 2022: -$2,265,4142022Revenue 2023: $2,702,325Expenses 2023: $2,110,121Net Income 2023: $592,2042023Revenue 2024: $2,123,131Expenses 2024: $1,788,967Net Income 2024: $334,1642024

Highlighted filing

2014

Revenue$2,547,136
Expenses$2,787,065
Net Income-$239,929
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 10, 2015
Return Version
2014v5.0
Gross Receipts
$12,507,955
Mission and Program Overview

Mission

To provide services for training, rehabilitation, employment and life enhancement for the blind and visually impaired.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,858,280$3,108,387▲ $250,107
Cash and Non-Interest-Bearing Accounts$2,409,734$1,565,757▼ $843,977
Inventories for Sale or Use$1,305,631$1,523,651▲ $218,020
Investments in Publicly Traded Securities$970,908$1,168,884▲ $197,976
Accounts Receivable$1,593,613$1,008,350▼ $585,263
Savings and Temporary Cash Investments$713,160$879,621▲ $166,461
Investments Other Securities-$500,000-
Prepaid Expenses and Deferred Charges$224,825$245,287▲ $20,462
Total Assets$10,076,151$9,999,937▼ $76,214
Liabilities
Accounts Payable and Accrued Expenses$922,509$1,099,038▲ $176,529
Total Liabilities$922,509$1,099,038▲ $176,529
Net Assets / Fund Balance
Unrestricted Net Assets$9,029,642$8,754,366▼ $275,276
Temporarily Rstr Net Assets$124,000$146,533▲ $22,533
Total Net Assets Fund Balance$9,153,642$8,900,899▼ $252,743
Total Liabilities and Net Assets / Fund Balance$10,076,151$9,999,937▼ $76,214

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,317,747$1,896,629$4,214,376
Equipment$532,442$969,417$1,501,859
Land$258,198-$258,198
Other Securities$500,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kate Grathwol PhdCEO/exec DirectorFT$167,762$80,563$248,325
Mauricio Lopez-suarezControllerFT$128,976$11,711$140,687

Board Members and Trustees

NameTitle
Barry ShearChairperson
Lisa DavidVice-chair
Amy SummerDirector
Anne KellyDirector
Bob Hersman OdDirector
Chris StallDirector
Deb SwensonDirector
Dr Herbert L Cantrill MdDirector
Jean MachartDirector
Jim DaleDirector
Joan ArbachDirector
Joan GilbertsonDirector
John PriestlyDirector
Kelly McdonaldDirector
Lisa Mauri ThomasDirector
Lori KaminDirector
Rebecca LunaDirector
Ron BeauchaneDirector
Wally HinzDirector
Debbie Wygal PhdMember at La
Patricia DurstMember at La
Mary McdougallSecretary
Jackie PeichelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$656,569
Program Service Revenue
$1,778,226
Investment Income
$144,871
Other Revenue
$-32,530
All Other Contributions
$209,258
Change in Net Assets
$-239,929

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,557,336
Revenue Not Reported on Financial Statements
$-10,200
Revenue Not Reported on Form 990
$9,794,027
Other Revenue Adjustments
$-10,200
Total Revenue per Audited Statements
$12,351,363
Total Revenue per Form 990
$2,547,136
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,960,643
Other Expenses$826,422
Total Fundraising Expense$249,072
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,334,740$120,235$88,155$1,543,130
Other Employee Benefits$173,433$21,205$1,631$196,269
All Other Expenses$100,294$33,440$8,195$141,929
Advertising$5,966$128,552$3,710$138,228
Fees for Services Other$8,181$48,681$64,316$121,178
Payroll Taxes$99,195$11,954$6,212$117,361
Current Officers, Directors, Trustees, and Key Employees$42,986$60,897-$103,883
Occupancy$86,928$12,419-$99,347
Conferences and Meetings$42,009$5,988$2,209$50,206
Depreciation Depletion$21,896$6,075-$27,971
Other Expenses$26,582$447$74,473$26,582
Total Functional Expenses$2,088,100$449,893$249,072$2,787,065

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,604,106
Expenses Not Reported on Form 990$9,806,841
Expenses per Audited Statements$2,797,265
Total Expenses per Form 990$2,787,065
Expenses Not Reported on Financial Statements$-10,200
Other Expense Adjustments$-10,200
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$10,200
Fundraising Gross Income$5,580
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$96,630$5,580-$5,580
Total Events$96,630$5,580$10,200$-4,620
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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

The form 990 is presented to the executive committee for review and approval prior to sending it to the irs.

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

The board of directors are required to sign a statement of independence annually.

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

The executive committee reviews the compensation of the ceo/executive director and controller annually by comparison to several other local not- for-profit organizations.

Form 990, Page 6, Part VI, Line 19

All documents are made publicly available at the minneapolis office upon request.

Filing and Contact Details

Filer

Filer Name
Vision Loss Resources Inc
EIN
41-0694713
Phone
6128712222
Address
1936 LYNDALE AVENUE SOUTH, MINNEAPOLIS, MN 55403

Signing Officer

Name
Kate Grathwol Phd
Title
CEO
Phone
6128712222
Signed
2015-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kate Grathwol Phd
Formed
1955
Legal Domicile
Mn
Voting Board Members
17
Independent Board Members
17
Employees
152
Volunteers
130

Preparer

Firm
Carlson Highland & Co Llp
Address
11272 86TH AVENUE N SUITE B, MAPLE GROVE, MN 55369
Preparer
Matt Guyer CPA
Phone
7634243818
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

There are no unrecognized tax benefits identified or recorded as liabilities for 2014 or 2013. The organizations accounting policy is to present interest and penalties as a component of the provision for income taxes. The organizations tax returns are subject to possible examination by taxing authorities. With few exceptions, the tax returns essentially remain open for possible examination for a period of three years after the respective filing deadlines of those returns.

Schedule D, Page 4, Part XI, Line 2D

Cost of goods sold 9,689,380 intercompany admin charges 117,461

Schedule D, Page 4, Part XI, Line 4B

Direct fundraising costs -10,200

Schedule D, Page 4, Part XII, Line 2D

Cost of goods sold 9,689,380 intercompany admin charges 117,461

Schedule D, Page 4, Part XII, Line 4B

Direct fundraising costs -10,200

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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/Form990PartVIISectionAGrp/PersonNm22LISA MAURI THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm23MAURICIO LOPEZ-SUAREZ
IRS990/Form990PartVIISectionAGrp/PersonNm24KATE GRATHWOL PHD
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER AT LA
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER AT LA
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt24CEO/EXEC DIR
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IRS990/FundraisingActivitiesInd0true
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IRS990/LobbyingActivitiesInd0false
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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0173433
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IRS990/OtherExpensesGrp/Desc0TRANSPORTATION AND MILEAG
IRS990/OtherExpensesGrp/Desc1SPECIAL EVENTS
IRS990/OtherExpensesGrp/Desc2TRAINING
IRS990/OtherExpensesGrp/Desc3COMMUNITY CENTER EVENTS
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01334740
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IRS990/PrincipalOfficerNm0KATE GRATHWOL PHD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0DEAFBLIND SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1REHAB CENTER
IRS990/ProgramServiceRevenueGrp/Desc2SOCIAL SERVICES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1832752
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt213247
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0932227
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1832752
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt213247
IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY AND SOCIAL SERVICES - PROVIDES PROGRAMS TO ENHANCE THE QUALITY OF LIFE FOR CLIENTS AND EDUCATE THE COMMUNITY ABOUT VISION LOSS. PROGRAMS INCLUDE IN-HOME ASSESSMENTS, LIFE SKILLS CLASSES, SUPPORT GROUPS, PEER COUNSELING AND THE COMMUNITY CENTER WHICH OFFERS EDUCATIONAL, CULTURAL AND RECREATIONAL OPPORTUNITIES. DURING THE YEAR, 1,224 TOTAL CLIENTS WERE SERVED, THERE WERE 5,800 CONTACTS WITH CLIENTS AND 640 CLIENT ASSESSMENTS WERE PERFORMED. THERE WERE 256 TEACHING SESSIONS AND 260 SUPPORT GROUP SESSIONS WITH APPROXIMATELY 1,105 PERSONS ATTENDING.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0540874
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt013247
IRS990/ProgSrvcAccomActy3Grp/Desc0DEAFBLIND SERVICES MINNESOTA - PROVIDES SUPPORT SERVICES AND INDEPENDENT LIVING TRAINING, INCLUDING "SUPPORT SERVICE PROVIDER" SERVICES TO DEAFBLIND ADULTS AND INTERVENOR SERVICES TO DEAFBLIND CHILDREN. DURING THE YEAR, 70 DEAFBLIND ADULTS WERE SERVED WITH OTHER 11,000 HOURS OF DIRECT SERVICES TO HELP DEAFBLIND ADULTS MAINTAIN THEIR INDEPENDENCE. 65 DEAFBLIND CHILDREN/YOUTH WERE SERVED WITH OVER 10,000 HOURS OF DIRECT SERVICES TO LEARN NEW COMMUNICATION STRATEGIES AND INTEGRATE INTO THE COMMUNITY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0759132
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0932227
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0577158
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt043886
IRS990/PYOtherExpensesAmt0614915
IRS990/PYOtherRevenueAmt0328610
IRS990/PYProgramServiceRevenueAmt01842243
IRS990/PYRevenuesLessExpensesAmt0451710

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.3$1.38$16.0$2.12$1.79$0.33
2023Detailed filing. Detailed filing data is available for this year.$15.8$1.35$14.5$2.70$2.11$0.59
2022Detailed filing. Detailed filing data is available for this year.$20.0$5.88$14.1$2.01$4.27$2.27
2021Detailed filing. Detailed filing data is available for this year.$22.5$7.64$14.8$4.86$2.63$2.23
2020Detailed filing. Detailed filing data is available for this year.$15.0$1.79$13.2$2.53$2.05$0.48
2019Detailed filing. Detailed filing data is available for this year.$13.3$0.83$12.5$2.09$2.87$0.78
2018Detailed filing. Detailed filing data is available for this year.$11.4$1.29$10.1$3.11$2.76$0.35
2017Detailed filing. Detailed filing data is available for this year.$11.5$1.42$10.1$3.46$2.76$0.70
2016Detailed filing. Detailed filing data is available for this year.$10.6$1.27$9.32$3.18$2.86$0.32
2015Detailed filing. Detailed filing data is available for this year.$9.79$0.87$8.91$2.83$2.64$0.20
2014Detailed filing. Detailed filing data is available for this year.$10.00$1.10$8.90$2.55$2.79$0.24
2013Detailed filing. Detailed filing data is available for this year.$10.1$0.92$9.15$2.79$2.34$0.45
2012Summary only. Only limited summary data is available for this year.$9.49$0.92$8.57$2.84$2.05$0.78
2011Summary only. Only limited summary data is available for this year.$8.58$0.84$7.73$2.47$1.75$0.72
2010Summary only. Only limited summary data is available for this year.$7.76$0.75$7.01$2.05$1.87$0.17