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Financials: Fiscal Year Ending March 31, 2021

Sources and Uses of Funds for Operations

Revenues Amount % of Total
Education Services $2,003,741 39%
Charitable Support $1,139,923 22%
Contract Revenue $1,398,993 27%
Support from Endowment $238,992 5%
Sales of Publications $202,903 4%
Gain on Investments $24,725 0%
Released from restriction $104,581 2%
Interest & Other Income $8,884 0%
Total Operating Revenue $5,122,742  

Expenses
Braille Production $762,635  
Program Services & Support $2,638,865  
Administration & Interest Expense $324,710  
Fundraising $377,509  
Building $202,612  
Total Operating Expenses $4,306,331  
 
Change in Net Assets $816,411  
Endowment Fund Activity    
Bequests $21,576  
Net realized/unrealized gain on investments $1,478,737  
Dividend & Interest Income $98,048  
Transfers to the General Fund ($238,992)  
Management Fees ($51,923)  
Growth (Reduction) in Endowment Fund $1,307,446  

Statement of Financial Position

Balances Mar 31, 2021 Mar 31, 2020
Unrestricted General Fund $3,454,180 $2,637,769
Temporarily Restricted Fund $417,756 $196,450
Endowment Fund $6,057,398 $4,749,952
Total Funds $9,929,334 $7,584,171
Total Liabilities $311,462 $244,594
Total Assets $10,240,796 $7,828,765
Source of Charitable Support    
Events (net of expenses) $202,147  
Contributions restricted ($330,888)  
SBA PPP Loan Forgiveness $539,369  
Foundations & Corporations† $456,507  
Other Individuals $272,788  
Total $1,139,923  
This page is derived from the full audited financial statement which is available below.