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Financials: Fiscal Year Ending March 31, 2020

Sources and Uses of Funds for Operations

Revenues Amount % of Total
Education Services $2,326,439 49%
Charitable Support $729,962 15%
Contract Revenue $1,040,374 22%
Support from Endowment $234,672 5%
Sales of Publications $281,903 6%
Gain on Investments ($4,991) 0%
Released from restriction $140,472 3%
Interest & Other Income $2,146 0%
Total Operating Revenue $4,750,977  

Expenses
Braille Production $2,073,034  
Program Services & Support $1,009,248  
Administration & Interest Expense $703,143  
Fund Raising $402,817  
Center for Braille Innovation $102,630  
Building $156,244  
Public Awareness & Education $36,339  
Total Operating Expenses $4,483,455  
 
Change in Net Assets $267,522  
Endowment Fund Activity    
Bequests $6,407  
Net realized/unrealized gain on investments ($234,672)  
Dividend & Interest Income $120,115  
Transfers to the General Fund ($234,659)  
Management Fees ($51,091)  
Growth (Reduction) in Endowment Fund ($393,900)  

Statement of Financial Position

Balances Mar 31, 2020 Mar 31, 2019
Unrestricted General Fund $1,918,270 $1,585,355
Temporarily Restricted Fund $196,450 $272,337
Endowment Fund $4,749,952 $5,143,852
Plant Fund $719,499 $784,892
Total Funds $7,584,171 $7,786,436
Total Liabilities $244,594 $346,116
Total Assets $7,828,765 $8,132,552
Source of Charitable Support    
Events (net of expenses) $213,924  
Contributions restricted ($64,585)  
Gain on Gift Annuities $76  
In-kind $12,510  
Foundations & Corporations† $263,611  
Other Individuals $304,426  
Total $729,962  
This page is derived from the full audited financial statement which is available below.