Civic Intelligence

Alphapointe Association for the Blind

990 • Fiscal year 2017 • EIN 44-0552486

Oct 01, 2016 to Sep 30, 2017 • Filed on Feb 15, 2018

Refreshing map…

7501 Prospect AvenueKansas City, MO 64132

(816) 421-5848

Siviq Scores

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

Liabilities / Assets

71st percentile

0.52x

Higher debt load relative to assets than 71% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

59th percentile

0.57x

Higher debt load relative to revenue than 59% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

52nd percentile

3.6%

Higher net margin than 52% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

39th percentile

$282,547

Higher top officer pay than 39% of similar nonprofits.

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

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

95th percentile

57%

Faster asset growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

98th percentile

314%

Faster revenue growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Assets

Flat

$54,756,659

Flat from 2017

Net Assets

Flat

$26,291,712

Flat from 2017

Liabilities

Flat

$28,464,947

Flat from 2017

Revenue

Flat

$50,331,972

Flat from 2017

Expenses

Flat

$48,503,600

Flat from 2017

Net Income

Flat

$1,828,372

Flat from 2017

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $27,426,160Liabilities 2010: $8,831,064Net Assets 2010: $18,595,0962010Assets 2011: $27,796,202Liabilities 2011: $9,246,158Net Assets 2011: $18,550,0442011Assets 2012: $27,781,230Liabilities 2012: $7,594,051Net Assets 2012: $20,187,1792012Assets 2013: $28,619,588Liabilities 2013: $8,517,134Net Assets 2013: $20,102,4542013Assets 2014: $36,605,563Liabilities 2014: $12,720,206Net Assets 2014: $23,885,3572014Assets 2015: $32,840,776Liabilities 2015: $9,681,001Net Assets 2015: $23,159,7752015Assets 2016: $34,875,708Liabilities 2016: $10,159,749Net Assets 2016: $24,715,9592016Assets 2017: $54,756,659Liabilities 2017: $28,464,947Net Assets 2017: $26,291,7122017Assets 2017: $54,756,659Liabilities 2017: $28,464,947Net Assets 2017: $26,291,7122017Assets 2018: $59,156,476Liabilities 2018: $30,816,327Net Assets 2018: $28,340,1492018Assets 2019: $59,507,048Liabilities 2019: $32,333,317Net Assets 2019: $27,173,7312019Assets 2020: $60,764,117Liabilities 2020: $32,165,058Net Assets 2020: $28,599,0592020Assets 2021: $63,114,950Liabilities 2021: $34,725,800Net Assets 2021: $28,389,1502021Assets 2022: $66,593,380Liabilities 2022: $32,226,015Net Assets 2022: $34,367,3652022Assets 2023: $70,377,944Liabilities 2023: $35,839,138Net Assets 2023: $34,538,8062023Assets 2024: $76,310,831Liabilities 2024: $39,382,470Net Assets 2024: $36,928,3612024

Highlighted filing

2017

Assets$54,756,659
Liabilities$28,464,947
Net Assets$26,291,712

Operations Trend

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $7,241,7982010Revenue 2011: $7,952,959Expenses 2011: $7,564,575Net Income 2011: $388,3842011Expenses 2012: $8,491,2042012Expenses 2013: $9,283,0602013Revenue 2014: $14,718,375Expenses 2014: $11,219,134Net Income 2014: $3,499,2412014Revenue 2015: $13,092,952Expenses 2015: $12,503,693Net Income 2015: $589,2592015Revenue 2016: $12,164,308Expenses 2016: $10,848,997Net Income 2016: $1,315,3112016Revenue 2017: $50,331,972Expenses 2017: $48,503,600Net Income 2017: $1,828,3722017Revenue 2017: $50,331,972Expenses 2017: $48,503,600Net Income 2017: $1,828,3722017Revenue 2018: $57,423,185Expenses 2018: $56,097,946Net Income 2018: $1,325,2392018Revenue 2019: $59,443,182Expenses 2019: $59,395,136Net Income 2019: $48,0462019Revenue 2020: $65,874,700Expenses 2020: $64,013,950Net Income 2020: $1,860,7502020Revenue 2021: $62,807,791Expenses 2021: $63,989,831Net Income 2021: -$1,182,0402021Revenue 2022: $65,983,959Expenses 2022: $59,586,111Net Income 2022: $6,397,8482022Revenue 2023: $65,149,206Expenses 2023: $65,302,728Net Income 2023: -$153,5222023Revenue 2024: $66,494,303Expenses 2024: $64,959,953Net Income 2024: $1,534,3502024

Highlighted filing

2017

Revenue$50,331,972
Expenses$48,503,600
Net Income$1,828,372
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Feb 15, 2018
Return Version
2016v3.1
Gross Receipts
$50,331,972
Mission and Program Overview

Mission

Empowering people with vision loss to achieve their goals and aspirations.

Employ people who are blind and provide rehabilitation services to the visually impaired.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,103,268$30,682,693▲ $19,579,425
Investments in Publicly Traded Securities$8,392,988$6,712,333▼ $1,680,655
Inventories for Sale or Use$5,401,603$6,487,223▲ $1,085,620
Accounts Receivable$4,987,670$4,903,751▼ $83,919
Cash and Non-Interest-Bearing Accounts$194,978$2,231,598▲ $2,036,620
Intangible Assets$674,209$1,074,175▲ $399,966
Prepaid Expenses and Deferred Charges$1,612,861$566,272▼ $1,046,589
Savings and Temporary Cash Investments$391,565$248,194▼ $143,371
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$34,875,708$54,756,659▲ $19,880,951
Other Assets Total$2,116,566$1,850,420▼ $266,146
Liabilities
Tax Exempt Bond Liabilities$5,629,546$23,366,969▲ $17,737,423
Accounts Payable and Accrued Expenses$3,465,649$4,237,972▲ $772,323
Other Liabilities$630,211$761,153▲ $130,942
Mortgage Notes Payable Secured by Investment Property$243,556$0▼ $243,556
Deferred Revenue$190,787$98,853▼ $91,934
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$10,159,749$28,464,947▲ $18,305,198
Net Assets / Fund Balance
Unrestricted Net Assets$22,423,388$22,850,677▲ $427,289
Permanently Rstr Net Assets$1,786,888$1,900,418▲ $113,530
Temporarily Rstr Net Assets$505,683$1,540,617▲ $1,034,934
Total Net Assets Fund Balance$24,715,959$26,291,712▲ $1,575,753
Total Liabilities and Net Assets / Fund Balance$34,875,708$54,756,659▲ $19,880,951

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$21,738,819$4,852,856$26,591,675
Equipment$3,314,560$7,492,088$10,806,648
Land$4,641,515-$4,641,515
Other Land Buildings$922,878-$922,878
Leasehold Improvements$64,921$53,867$118,788

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$768,547-▲ $58,883-$824,983
2015$722,313-▲ $48,815$1,925$768,547
2014$130,335$614,516▼ $21,867-$722,313
2013$118,267-▲ $12,700-$130,335
2012$108,070-▲ $10,756-$118,267
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Reinhard MabryCEO/presidentFT$186,587$95,960$282,547
Jeff MchenryCFOFT$123,923$36,503$160,426
Michael StephensVice President, OperationsFT$121,102$19,356$140,458
Stanley WrightVice President, ItFT$106,375$28,045$134,420
Brenda MeeDirector, Business Develop.FT$103,638$25,941$129,579
Gina GowinVice President, Prog. ServicesFT$103,763$9,752$113,515
Brent HarlowDirector, Manufact./facilitiesFT$103,294$1,594$104,888

Board Members and Trustees

NameTitle
Ed MarquetteChairman
Fredric Hugue2nd Vice Chairman
Jeff LynchFirst Vice Chair
Cornelius Boersma IvTrustee
Danny DaviesTrustee
Jack MuhlsteinTrustee
James BarryTrustee
Jan JonesTrustee
Jim DayTrustee
Kathryn DusenberyTrustee
Ken RobersonTrustee
Marc BailinTrustee
Michael GreensteinTrustee
Michael WilliamsTrustee
Sheri JohnsonTrustee
Sheila SeckSecretary
Stephen MockTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Afs LLCFreight ConsolidatorPO BOX 1986, Shreveport, LA 71166-1986$1,607,658
Kutak Rock LLPLegal ServicesPO BOX 30057, Omaha, NE 68103-1157$499,600
Dentons US LLPLegal ServicesDEPT 3078, Carol Stream, IL 60132-3078$282,470
Miele Associates LLPConstruction MgrPO BOX 140217, Howard Beach, NY 11414$160,241
Revenue and Support

Revenue Composition

Contributions and Grants
$9,726,381
Program Service Revenue
$39,484,067
Investment Income
$1,002,573
Other Revenue
$118,951
All Other Contributions
$159,466
Change in Net Assets
$1,828,372
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$32,660,619
Salaries, Compensation, and Employee Benefits$15,836,956
Total Fundraising Expense$269,391
Grants and Similar Amounts Paid$6,025
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,536,206$1,340,032$57,624$10,933,862
Other Employee Benefits$2,696,877$366,384$22,522$3,085,783
Occupancy$2,439,370$29,777$3,053$2,472,200
Fees for Services Other$995,174$121,952$4,025$1,121,151
Depreciation Depletion$878,291$83,282$5,327$966,900
Payroll Taxes$846,706$86,022$6,513$939,241
Other Expenses$520,128$146,123-$0
Travel$390,972$177,856$21,624$590,452
All Other Expenses$354,436$191,472$16,125$562,033
Office Expenses$436,031$121,667$537$558,235
Current Officers, Directors, Trustees, and Key Employees$78,151$364,854$68,690$511,695
Interest$382,579--$382,579
Pension Plan Contributions$314,862$47,899$3,614$366,375
Insurance$310,565$1,526-$312,091
Fees for Services Legal-$262,343-$262,343
Advertising$85,669$37,894$59,737$183,300
Fees for Services Accounting-$135,986-$135,986
Grants to Domestic Orgs$6,025--$6,025
Total Functional Expenses$44,719,090$3,515,119$269,391$48,503,600
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
See Part V----

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$457,823
Interest Rate Swap Derivative$303,330

Bond Issues

BondIssuerIssuedIssue PricePurpose
ABuild Nyc Resource Corporation2017-06-16$18,850,000SEE PART VI
BIndustrial Revenue Dev Authority - Kansas City2016-06-28$5,679,325SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$18,850,000$0$0$396,243
B$5,679,325$4,140,892$363,546$113,433

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
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, Part VI, Section B, Line 11B

An independent accounting firm prepares and reviews the 990. The 990 is then reviewed by the organization's officers and accounting personnel. Any questions or concerns the organization's officers and accounting personnel have are addressed and any corrections or clarifications that need to be made are made. A copy of the 990 is then presented to the audit committee for review and approval prior to filing. The audit committee reports directly to the board of directors on the status of their review. A final copy is also made available to the board of directors following review by the audit committee.

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

At the time of hire or election (in the case of directors) and annually thereafter, the officers, directors, and key employees shall provide the applicable conflict of interest disclosures which shall be completed to identify any relationships, positions, or circumstances in which it is believed a conflict may arise. If a conflict arises, the officer, director, or key employee abstains from the vote of the conflicted position.

Form 990, Part VI, Section B, Line 15A

The organizations CEO compensation is reviewed and updated annually by the executive committee of the board of directors. The executive committee uses comparability data of similar organizations when determining compensation and documents its decision process. Once determined the compensation of the CEO is approved by the Board of Directors.

Form 990, Part VI, Section B, Line 15B

The compensation of the other officers was approved by their respective supervisor. It was based on both a written job performance evaluation and a formal compensation system built for the entire organization utilizing the services of an independent compensation consultant group.

Form 990, Part VI, Section C, Line 19

The organizations conflict of interest policy, financial statements and governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Alphapointe
EIN
44-0552486
In Care Of
% REINHARD MABRY
Phone
8164215848
Address
7501 Prospect Avenue, Kansas City, MO 64132

Signing Officer

Name
Jeff Mchenry
Title
CFO
Phone
8164215848
Signed
2018-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Reinhard Mabry
Formed
1911
Legal Domicile
Mo
Voting Board Members
17
Independent Board Members
16
Employees
479
Volunteers
0

Preparer

Firm
Bkd Llp
Address
1201 Walnut Suite 1700, Kansas City, MO 64106-2246
Preparer
Michael J Engle
Phone
8162216300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

Most jobs entail the manufacture or assembly of products such as janitorial, medical plastics, office products, and military textiles for the federal government and the New York state use program. In addition, blind jobs were created by fulfilling federal and state contracted services such as warehousing, switchboard, contract audit, mail bag sort, and operating military base supply stores. Alphapointe pursues product sales and service opportunities with state governments and in the commercial marketplace which complement the products and services already being provided through federal channels. All business lines performed by Alphapointe involve blind labor. The commercial business is primarily occurring within the plastic manufacturing, sewing and call center operations, adding at least 20 incremental employment opportunities for blind workers. The organization provides comprehensive rehabilitation, education and activities for all ages of people with visual impairments, having served 1,778 individuals during the past year. The rehabilitation and education program provided structured personalized training for braille, adaptive technology, orientation and mobility, activities of daily living, diabetes education, college prep, and/or job training for 619 individuals. Senior adult services touched 160 seniors who were experiencing vision loss, many being in-home visits. A low vision clinic served 237 individuals facing vision uncertainties. Another 461 individuals received referrals or guidance by contacting Alphapointe about their vision concerns. Some 301 visually impaired young people participated in the youth adventure camp, tech camp or other activities adapted to their circumstances. Another 5,926 individuals were involved in group presentations, volunteer services, or participated with those being served by Alphapointe.

Financial Statement Notes

Schedule D, Part V, Line 4

The organization intends to use its endowment funds and related investment returns as necessary to provide competitive and long term employment for the visually impaired. This could include capital projects, facility or business expansion, or to support financially challenged operations or services during periods of business downturns.

Schedule D, Part X, Line 2

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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IRS990/Desc0Alphapointe provides employment and other opportunities for increased independence to blind and visually impaired people by supplying products and services within the U.S. AbilityOne Program and other federal, state and commercial markets. Alphapointe provided manufacturing, assembly, service, contact center, customer support, clerical, and related employment to 271 legally blind persons during the fiscal year. At year end, Alphapointe employed 103 blind and 93 sighted workers in its Kansas City operations, 119 blind and 64 sighted workers in its New York City operations, and 3 blind and 9 sighted workers at its two military base stores. (See Continuation on Schedule O)
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.3$39.4$36.9$66.5$65.0$1.53
2023Summary only. Only limited summary data is available for this year.$70.4$35.8$34.5$65.1$65.3$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.6$32.2$34.4$66.0$59.6$6.40
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.1$34.7$28.4$62.8$64.0$1.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.8$32.2$28.6$65.9$64.0$1.86
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.5$32.3$27.2$59.4$59.4$0.05
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.2$30.8$28.3$57.4$56.1$1.33
2017Detailed filing. Detailed filing data is available for this year.$54.8$28.5$26.3$50.3$48.5$1.83
2017Summary only. Only limited summary data is available for this year.$54.8$28.5$26.3$50.3$48.5$1.83
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.9$10.2$24.7$12.2$10.8$1.32
2015Detailed filing. Detailed filing data is available for this year.$32.8$9.68$23.2$13.1$12.5$0.59
2014Detailed filing. Detailed filing data is available for this year.$36.6$12.7$23.9$14.7$11.2$3.50
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.6$8.52$20.1$9.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.8$7.59$20.2$8.49
2011Summary only. Only limited summary data is available for this year.$27.8$9.25$18.6$7.95$7.56$0.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.4$8.83$18.6$7.24
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $50M-$100M nonprofits