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 IS DEDICATED TO FOSTERING THE INDEPENDENCE OF PEOPLE WHO ARE BLIND AND VISUALLY IMPAIRED. WE BELIEVE IN AN ACCESSIBLE AND INCLUSIVE WORLD WHERE PEOPLE WHO ARE BLIND AND VISUALLY IMPAIRED HAVE THE TOOLS, RESOURCES, AND OPPORTUNITY TO LEAD INDEPENDENT AND FULFILLING LIVES. THROUGH OUR SUPPORT OF NON-PROFIT ORGANIZATIONS THAT SHARE THIS PHILOSOPHY, WE ARE MAKING THE WORLD MORE ACCESSIBLE TO NAVIGATE FOR THOUSANDS OF PEOPLE EVERY DAY.

Program Service Accomplishments

Program 1
Expenses: $566,227 Revenue: $0

READER'S DIGEST PARTNERS FOR SIGHT FOUNDATION PROVIDES VALUABLE FINANCIAL ASSISTANCE TO ORGANIZATIONS THAT DIRECTLY SUPPORT INDIVIDUALS WHO ARE BLIND OR VISUALLY IMPAIRED. THIS CRUCIAL AID EMPOWERS...

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READER'S DIGEST PARTNERS FOR SIGHT FOUNDATION PROVIDES VALUABLE FINANCIAL ASSISTANCE TO ORGANIZATIONS THAT DIRECTLY SUPPORT INDIVIDUALS WHO ARE BLIND OR VISUALLY IMPAIRED. THIS CRUCIAL AID EMPOWERS THESE ORGANIZATIONS TO CATER TO PEOPLE OF ALL AGES AND DIVERSE STAGES OF VISION LOSS BY OFFERING COMPREHENSIVE TRAINING IN ESSENTIAL SKILLS LIKE DAILY ACTIVITIES, ORIENTATION AND MOBILITY TRAINING, ASSISTIVE TECHNOLOGY, GUIDE DOG USAGE, LOW VISION REHABILITATION, LITERACY, AND BRAILLE. MOREOVER, THE FOUNDATION EXTENDS ITS GENEROUS SUPPORT TO ORGANIZATIONS OFFERING CAREER DEVELOPMENT, VOCATIONAL TRAINING, RECREATIONAL ACTIVITIES, AND YOUTH TRANSITIONING PROGRAMS FOR BLIND AND VISUALLY IMPAIRED PERSONS. RDPFS ALSO LENDS A HELPING HAND BY PROVIDING AN ASSISTIVE TECHNOLOGY RESOURCES LIST AND ENGAGING IN OUTREACH TO LOW-VISION ORGANIZATIONS.RDPFS HAS A THOROUGH GRANT PROPOSAL AND OUTCOME EVALUATION PROCESS, WHICH HELPS ENSURE THE SUCCESS OF THE FUNDED PROGRAMS. IN FISCAL YEAR 2024, RDPFS MADE 17 GRANTS TO 16 ORGANIZATIONS ACROSS THE UNITED STATES. GRANT MONIES WERE DESIGNATED FOR:*DATA PROJECT FOR WORKING-AGE BLIND AND VISUALLY IMPAIRED ADULTS LIVING IN NEW JERSEY.*DISSEMINATION OF BENEFITS INFORMATION AND CRUCIAL ADVOCACY TIPS FOR BLINDED VETERANS.*ACCESSIBLE TRAINING PROGRAM FOR HIGH SCHOOL STUDENTS TO LEARN DIGITAL EFFICIENCY AND ENSURE WEBSITES ARE ACCESSIBLE WHEN BUILT. *BRIDGING THE DIGITAL DIVIDE FOR BLIND AND VISUALLY IMPAIRED INDIVIDUALS BY PROVIDING AFFORDABLE, ACCESSIBLE, REFURBISHED COMPUTERS AND TRAINING.*DESIGN AND IMPLEMENT A NATIONAL MODEL FOR ACCESSIBLE MUSIC INSTRUCTION IN HIGHER EDUCATION.*SUPPORT FOR A VIRTUAL YOUTH ENRICHMENT PROGRAM TO ADDRESS THE NEEDS OF VISUALLY IMPAIRED CHILDREN IN NEW YORK STATE.*IMPLEMENT BEST PRACTICES FOR SUPPORTING AND ENGAGING INDIVIDUALS WITH VISION LOSS OR BLINDNESS AND THEIR ALLIES AS LEADERS AND ADVOCATES FOR IMPROVED CARE, POLICIES, AND COMMUNITY SUPPORT.*LAUNCH TRAINING AND DEVELOPMENT, FAMILY SUPPORT, RESEARCH AND DATA COLLECTION, AND PUBLIC AWARENESS CAMPAIGN ON CVI.*SUPPORT FOR A ONE-ON-ONE PEER SUPPORT PROGRAM FOR BLIND AND VISUALLY IMPAIRED INDIVIDUALS.*SUPPORT FOR AN ORIENTATION AND MOBILITY INTERNSHIP PROGRAM FOR GRADUATE STUDENTS.*SUPPORT FOR A NATIONAL TEACHERS OF THE VISUALLY IMPAIRED RECRUITMENT PROJECT.*SUPPORT THE FIRST PHASE OF A NATIONAL SURVEY TO STUDY A MORE FINANCIALLY SUSTAINABLE MODEL OF LOW-VISION SERVICE DELIVERY.*SUPPORT THE FIRST PHASE OF A NEW STUDY, A NATIONAL SURVEY.*SUPPORT TO EXPAND ACCESS TO CURRICULUM REPOSITORY DEVELOPED BY FACULTY TO SUPPORT TEACHING ACCESSIBILITY TO THEIR STUDENTS.*SUPPORT FOR A NEWLY CREATED ORIENTATION AND MOBILITY PROGRAM TO HELP ATHLETES BECOME INDEPENDENT IN THEIR NAVIGATION AROUND THEIR CAMPUS AND THEIR COMMUNITY.*SUPPORT FOR LOW VISION DIRECT CARE SERVICES AND CONNECTING PEOPLE WITH VISION LOSS TO RESOURCES IN PENNSYLVANIA.COLLECTIVELY, THESE PROGRAMS REACH THOUSANDS OF BLIND AND VISUALLY IMPAIRED INDIVIDUALS NATIONWIDE EACH YEAR.

Program 2
Expenses: $309,732 Revenue: $258,459

IN FY 2024, THE RDPFS EXTENSIVE PRINT PUBLISHING PROGRAM SIGNIFICANTLY CATERED TO THE NEEDS OF 30,055 INDIVIDUALS THROUGH ITS "FICTION FAVORITES LARGE PRINT (FORMERLY SELECT EDITIONS LARGE TYPE)...

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IN FY 2024, THE RDPFS EXTENSIVE PRINT PUBLISHING PROGRAM SIGNIFICANTLY CATERED TO THE NEEDS OF 30,055 INDIVIDUALS THROUGH ITS "FICTION FAVORITES LARGE PRINT (FORMERLY SELECT EDITIONS LARGE TYPE) PERIODICAL. A TOTAL OF 150,277 VOLUMES WERE DISTRIBUTED TO SUBSCRIBERS, ENSURING THEY HAD ACCESS TO ENGAGING READING MATERIAL TAILORED FOR EASE OF READING FOR THOSE WITH LOW VISION. IN ADDITION TO THE PROMINENT PRINT PERIODICAL, SUBSCRIBERS RECEIVED A LARGE PRINT CALENDAR WITH ESSENTIAL INFORMATION ON ACCESSING LOW-VISION SERVICES. BY OFFERING CONTENT FORMATTED AND PRINTED TO SPECIFIC ACCESSIBILITY STANDARDS, THE PROGRAM IS COMMITTED TO EMPOWERING INDIVIDUALS WITH LOW VISION, ENSURING THEY CAN ENJOY READING AND STAY INFORMED IN A WAY THAT FULFILLS THEIR UNIQUE NEEDS.

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Trantor Score

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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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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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