Civic Intelligence

Vision Loss Resources Inc.

990 • Fiscal year 2016 • EIN 41-0694713

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 07, 2017

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

37th percentile

0.12x

Higher debt load relative to assets than 37% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

62nd percentile

0.40x

Higher debt load relative to revenue than 62% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

71st percentile

10%

Higher net margin than 71% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

59th percentile

$200,101

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

71st percentile

8.2%

Faster asset growth than 71% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

72nd percentile

12%

Faster revenue growth than 72% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$10,590,416

Up $804,689 (+8.2%) from 2015

Net Assets

Up

$9,316,453

Up $404,329 (+4.5%) from 2015

Liabilities

Up

$1,273,963

Up $400,360 (+46%) from 2015

Revenue

Up

$3,182,367

Up $349,174 (+12%) from 2015

Expenses

Up

$2,863,381

Up $225,384 (+8.5%) from 2015

Net Income

Up

$318,986

Up $123,790 (+63%) from 2015

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

2016

Assets$10,590,416
Liabilities$1,273,963
Net Assets$9,316,453

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

2016

Revenue$3,182,367
Expenses$2,863,381
Net Income$318,986
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 7, 2017
Return Version
2016v3.0
Gross Receipts
$14,187,667
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$2,940,274$2,893,828▼ $46,446
Savings and Temporary Cash Investments$1,269,566$2,312,058▲ $1,042,492
Accounts Receivable$1,776,195$2,183,589▲ $407,394
Inventories for Sale or Use$1,963,755$1,802,058▼ $161,697
Investments in Publicly Traded Securities$1,087,301$1,112,195▲ $24,894
Investments Other Securities$500,000--
Prepaid Expenses and Deferred Charges$237,520$286,387▲ $48,867
Cash and Non-Interest-Bearing Accounts$916$301▼ $615
Total Assets$9,785,727$10,590,416▲ $804,689
Other Assets Total$10,200--
Liabilities
Accounts Payable and Accrued Expenses$873,603$1,273,963▲ $400,360
Total Liabilities$873,603$1,273,963▲ $400,360
Net Assets / Fund Balance
Unrestricted Net Assets$8,769,383$9,174,324▲ $404,941
Temporarily Rstr Net Assets$142,741$142,129▼ $612
Total Net Assets Fund Balance$8,912,124$9,316,453▲ $404,329
Total Liabilities and Net Assets / Fund Balance$9,785,727$10,590,416▲ $804,689

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,143,702$2,132,666$4,276,368
Equipment$487,811$1,120,455$1,608,266
Land$258,198-$258,198
Other Land Buildings$4,117$6,148$10,265
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kate Grathwol PhdCEO/exec DirectorFT$180,013$20,088$200,101
Mauricio Lopez-suarezControllerFT$110,629$15,756$126,385
Linda GuzmanCPS DirectorFT$102,809$10,875$113,684

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$758,282
Program Service Revenue
$2,033,060
Investment Income
$23,370
Other Revenue
$367,655
All Other Contributions
$450,036
Change in Net Assets
$318,986

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,134,044
Revenue Not Reported on Financial Statements
$48,323
Revenue Not Reported on Form 990
$11,311,283
Other Revenue Adjustments
$48,323
Total Revenue per Audited Statements
$14,445,327
Total Revenue per Form 990
$3,182,367
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,972,721
Other Expenses$890,660
Total Fundraising Expense$138,102
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,467,150$94,254$44,929$1,606,333
Fees for Services Other$102,266$87,044$63,340$252,650
Other Employee Benefits$227,744$19,977$1,229$248,950
All Other Expenses$85,597$43,924$4,453$133,974
Payroll Taxes$107,955$5,960$3,523$117,438
Occupancy$81,945$13,484-$95,429
Advertising$9,558$18,540$333$28,431
Depreciation Depletion$21,876$5,869-$27,745
Other Expenses$4,256$3,993$20,049$24,305
Conferences and Meetings$22,165$458$230$22,853
Total Functional Expenses$2,430,972$294,307$138,102$2,863,381

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$13,858,907
Expenses Not Reported on Form 990$11,005,300
Total Expenses per Form 990$2,863,381
Expenses per Audited Statements$2,853,607
Expenses Not Reported on Financial Statements$9,774
Other Expense Adjustments$9,774
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
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/exec Director
Phone
6128712222
Signed
2017-06-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kate Grathwol Phd
Formed
1955
Legal Domicile
Mn
Voting Board Members
18
Independent Board Members
18
Employees
184
Volunteers
120

Preparer

Firm
Carlson Highland & Co Llp
Address
5801 DULUTH STREET SUITE 360, GOLDEN VALLEY, MN 55422
Preparer
Matt Guyer CPA
Phone
7635429633
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code and similar state provisions. However, income from certain activities not directly related to the organization's tax- exempt purpose would be subject to taxation as unrelated business income. In addition, the organization qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under section 509(a)(2). The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under that guidance, the organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the organization and various positions related to the potential sources of unrelated business income tax (ubit). There are no unrecognized tax benefits identified or recorded as liabilities for 2016 or 2015. The organization's accounting policy is to present interest and penalties as a component of the provision for income taxes. The organization's 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 11,005,300 msb consilidated revenue 220,640

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

Msb affiliated contribution 48,323

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

Cost of goods sold 11,005,300 intercompany admin charges 0

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

Msb consolidated exp 9,774

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE BOARD C
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt19CEO/EXEC DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt20CPS DIRECTOR
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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, VOLUNTEER SERVICES, PEER COUNSELING, AND THE COMMUNITY CENTER, WHICH OFFERS EDUCATIONAL, SOCIAL, AND RECREATIONAL OPPORTUNITIES. DURING THE YEAR, 962 INDIVIDUAL CLIENTS WERE SERVED WITH 4,402 TOTAL SERVICES. 384 ASSESSMENTS WERE PERFORMED WITH 55 TRAININGS TO PROFESSIONALS AND CLIENTS. 220 SUPPORT GROUP SESSIONS WITH 396 CLIENTS SERVED WITH TOTAL ATTENDANCE OF 1,357. THERE WERE 443 ACTIVITY SESSIONS IN THE COMMUNITY CENTER WITH 238 CLIENTS SERVED WITH TOTAL ATTENDANCE OF 2,285. 145 VOLUNTEERS REPORTED 8,858 HOURS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0DEAFBLIND SERVICES MINNESOTA - PROVIDES SUPPORT SERVICES AND INDEPENDENT LIVING TRAINING, INCLUDING "SUPPORT SERVICE PROVIDER" SERVICES TO DEAFBLIND ADULTS AND INTERVENER SERVICES TO DEAFBLIND CHILDREN. DURING THE YEAR, 79 DEAFBLIND ADULTS WERE SERVED WITH OVER 9,961 HOURS OF DIRECT SERVICES TO HELP DEAFBLIND ADULTS TO MAINTAIN THEIR INDEPENDENCE. 54 DEAFBLIND CHILDREN/YOUTH WERE SERVED WITH OVER 8,050 HOURS OF DIRECT SERVICES TO LEARN COMMUNICATION STRATEGIES AND INTEGRATE INTO THEIR COMMUNITY.
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt020116
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0573009
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IRS990ScheduleA/TotalSupportAmt03405202

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