READER'S DIGEST PARTNERS FOR SIGHT FOUNDATION

EIN: 136120440 501(c)(3) Diseases & Disorders

MT KISCO, NY

Total Revenue
$702,752
Total Expenses
$1,104,901
Total Assets
$13,743,802
Net Assets
$13,155,436
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
NY
Principal Officer
MATTHEW KRIEGER
Phone
9145177570
Tax Period
2023-07-01 to 2024-06-30

READER'S DIGEST PARTNERS FOR SIGHT FOUNDATION, founded in 1955, is a small nonprofit in the Diseases & Disorders sector that reported $703K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 57% operating deficit.

Mission

READER'S DIGEST PARTNERS FOR SIGHT FOUNDATION (RDPFS) IS COMMITTED TO PROVIDING FINANCIAL SUPPORT TO ORGANIZATIONS THAT DIRECTLY SERVE INDIVIDUALS WHO ARE BLIND OR VISUALLY IMPAIRED. THANKS TO OUR ASSISTANCE, THESE ORGANIZATIONS CAN OFFER COMPREHENSIVE SKILLS TRAINING TO PEOPLE OF ALL AGES AND THOSE WITH VARYING DEGREES OF VISION LOSS. THE TRAINING COVERS CRUCIAL AREAS SUCH AS ACTIVITIES OF DAILY LIVING, ORIENTATION AND MOBILITY, ASSISTIVE TECHNOLOGY, GUIDE DOG USAGE, LOW VISION REHABILITATION, LITERACY, AND BRAILLE. MOREOVER, WE EXTEND OUR BACKING TO ORGANIZATIONS RUNNING CAREER DEVELOPMENT, VOCATIONAL, RECREATION, AND YOUTH-IN-TRANSITION PROGRAMS FOR BLIND AND VISUALLY IMPAIRED COMMUNITIES. IN ADDITION TO OUR FINANCIAL AID, WE SUPPORT THE CREATION OF ASSISTIVE TECHNOLOGY RESOURCE LISTS AND ACTIVELY ENGAGE IN OUTREACH EFFORTS TO COLLABORATE WITH LOW-VISION ORGANIZATIONS. THROUGH THESE ACTIVITIES, WE STRIVE TO CREATE A MORE INCLUSIVE AND ACCESSIBLE ENVIRONMENT, ENABLING BLIND AND VISUALLY IMPAIRED INDIVIDUALS TO LEAD FULFILLING AND INDEPENDENT LIVES. RDPFS ALSO PROVIDES A LARGE-PRINT PUBLISHING SERVICE TO PEOPLE WHO HAVE TROUBLE READING STANDARD-SIZED PRINT. THE FICTION FAVORITES LARGE PRINT (FORMERLY SELECT EDITIONS LARGE TYPE) PERIODICAL CURRENTLY HAS OVER 30,967 SUBSCRIBING MEMBERS. EACH YEARLY SUBSCRIPTION INCLUDES FIVE VOLUMES, WITH TWO STORIES PER VOLUME. SUBSCRIBERS ALSO RECEIVE A LARGE PRINT CALENDAR ANNUALLY WITH INFORMATION ON CURRENTLY AVAILABLE LOW-VISION SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $39,567
Program Service Revenue $0
Investment Income $402,734
Other Revenue $260,451
TOTAL REVENUE $702,752

Expense Breakdown

Grants Paid $495,610
Salaries & Benefits $140,617
Fundraising Expenses $0
Program Expenses $875,959
Other Expenses $468,674
TOTAL EXPENSES $1,104,901

Year-over-Year Comparison

2023 2022 Change
Revenue $702,752 $1,214,698 -0.4%
Expenses $1,104,901 $1,144,177 0.0%
Net Income $-402,149 $70,521 -6.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
2
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW KRIEGER CHAIR 4.50
Officer Director
$0 $0 $0
JAMES DEREMEIK VICE CHAIR 2.50
Officer Director
$0 $0 $0
JOHN KRIEGER TREASURER 2.50
Officer Director
$0 $0 $0
ROB HILLIARD SECRETARY 1.00
Officer Director
$0 $0 $0
MARK ACKERMANN DIRECTOR 0.30
Director
$0 $0 $0
DONNA ESPOSITO DIRECTOR 2.00
Director
$0 $0 $0
ELISE GROSSMAN DIRECTOR 2.50
Director
$0 $0 $0
WILLIAM O'CONNELL DIRECTOR 1.00
Director
$0 $0 $0
NAIMA WEST DIRECTOR 1.00
Director
$0 $0 $0
ANGELA WINFIELD DIRECTOR 1.50
Director
$0 $0 $0
DIANNA M NAGHIZADEH GRANT DIRECTOR 45.00
Highest
$125,500 $3,765 $129,265
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $702,752 $1,104,901 $13,743,802 $-402,149
2023 $1,214,698 $1,144,177 $13,100,027 $70,521
2022 $1,861,545 $1,452,011 $12,659,524 $409,534
2021 $2,462,205 $1,095,089 $15,746,521 $1,367,116
2020 $897,225 $1,179,598 $12,516,921 $-282,373
2019 $771,060 $1,014,875 $13,004,407 $-243,815
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