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Financials: Fiscal Year Ending March 31, 2017

Sources and Uses of Funds for Operations

Revenues Amount % of Total
Education Services $1,811,236 44%
Charitable Support $867,485 21%
Contract Revenue $996,734 24%
Support from Endowment $217,927 5%
Sales of Publications $194,354 5%
Gain on Investments $7,668 0%
Interest & Other Income $2,485 0%
Total Operating Revenue $4,097,889  

Expenses
Braille Production $1,962,288 48%
Program Services & Support $775,556 19%
Administration & Interest Expense $584,517 14%
Fund Raising $408,645 10%
Center for Braille Innovation $136,240 3%
Building $134,582 3%
Public Awareness & Education $49,914 1%
Total Operating Expenses $4,051,742  
 
Change in Net Assets $46,147  
Endowment Fund Activity    
Bequests $8,599  
Net realized/unrealized gain on investments $406,096  
Dividend & Interest Income $90,014  
Transfers to the General Fund ($217,927)  
Management Fees ($43,553)  
Growth (Reduction) in Endowment Fund $243,229  

Statement of Financial Position

Balances Mar 31, 2017 Mar 31, 2016
Unrestricted General Fund $416,935 $236,787
Temporarily Restricted Fund $206,949 $300,370
Endowment Fund $4,667,810 $4,424,581
Plant Fund $818,072 $952,073
Total Funds $6,109,766 $5,913,811
Total Liabilities $758,348 $725,298
Total Assets $6,868,114 $6,639,109
Source of Charitable Support    
Events (net of expenses) $134,665  
Net Assets released (net) $93,421  
Gain on Gift Annuities $144  
Foundations & Corporations† $344,189  
Other Individuals $114,188  
Donated Books & Other In-kind $28,299  
Braille Readers & Customers $121,925  
Trustees $30,654  
Total $867,485  
This page is derived from the full audited financial statement which is available below.