MICHIGAN FOUNDATION FOR THE BLIND AND VISUALLY IMPAIRED

EIN: 382591412 501(c)(3) Education

KALAMAZOO, MI

Total Revenue
$365,501
Total Expenses
$6,640
Total Assets
$481,646
Net Assets
$481,646
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
MI
Principal Officer
BLAINE LAM
Phone
2693451913
Tax Period
2018-09-01 to 2019-08-31

MICHIGAN FOUNDATION FOR THE BLIND AND VISUALLY IMPAIRED, founded in 1984, is a small nonprofit in the Education sector that reported $366K in total revenue in fiscal year 2018. Revenue surged 24170% from the prior year, signaling strong growth momentum. The organization ran a surplus of $359K, a strong 98% operating margin.

Mission

TO PROVIDE REHABILITATION AND EDUCATION TO THE VISUALLY IMPAIRED. THIS IS ACCOMPLISHED THROUGH SUPPORT GROUPS, HOME VISITS, WORKSHOPS AND AN EDUCATIONAL WEBSITE. ALL SERVICES ARE PROVIDED FREE OF CHARGE.

Program Service Accomplishments

Program 1
Expenses: $2,577

MICHIGAN FOUNDATION FOR THE BLIND AND VISUALLY IMPAIRED (MFBVI) FACILITATED 5 SUPPORT GROUPS MONTHLY IN SENIOR RESIDENTIAL FACILITIES, WITH APPROXIMATELY 26 PEOPLE SERVED EACH MONTH. RESIDENTIAL...

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MICHIGAN FOUNDATION FOR THE BLIND AND VISUALLY IMPAIRED (MFBVI) FACILITATED 5 SUPPORT GROUPS MONTHLY IN SENIOR RESIDENTIAL FACILITIES, WITH APPROXIMATELY 26 PEOPLE SERVED EACH MONTH. RESIDENTIAL VISITS TO VISUALLY IMPAIRED SENIORS HELPED THEM MAKE ADAPTIVE CHANGES IN THEIR HOMES. THERE WERE 26 RESIDENTIAL VISITS IN 2018-2019.

Program 2
Expenses: $225

A WORKSHOP HELD IN COLLABORATION WITH WESTERN MICHIGAN UNIV. DEPT. OF LOW VISION AND BLINDNESS WAS HELD, HELPING 28 INDIVIDUALS LEARN WAYS TO MAINTAIN INDEPENDENCE. FIVE WMU GRADUATE STUDENTS...

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A WORKSHOP HELD IN COLLABORATION WITH WESTERN MICHIGAN UNIV. DEPT. OF LOW VISION AND BLINDNESS WAS HELD, HELPING 28 INDIVIDUALS LEARN WAYS TO MAINTAIN INDEPENDENCE. FIVE WMU GRADUATE STUDENTS PARTICIPATED WITH THE TEACHING, HELPING TO FULFILL THEIR PRACTICUM EXPERIENCE REQUIREMENTS.

Program 3
Expenses: $418

AN EDUCATIONAL WEBSITE, WHICH HAS SECTIONS ON ADAPTIVE TECHNIQUES AND RESOURCES FOR THE VISUALLY IMPAIRED, WAS MAINTAINED. NUMEROUS INDIVIDUALS CONTACTED US THROUGH THE WEBSITE AND WERE DIRECTED TO...

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AN EDUCATIONAL WEBSITE, WHICH HAS SECTIONS ON ADAPTIVE TECHNIQUES AND RESOURCES FOR THE VISUALLY IMPAIRED, WAS MAINTAINED. NUMEROUS INDIVIDUALS CONTACTED US THROUGH THE WEBSITE AND WERE DIRECTED TO APPROPRIATE RESOURCES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $363,040
Program Service Revenue $0
Investment Income $2,461
Other Revenue $0
TOTAL REVENUE $365,501

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $526
Program Expenses $3,220
Other Expenses $6,640
TOTAL EXPENSES $6,640

Year-over-Year Comparison

2018 2017 Change
Revenue $365,501 $1,506 +241.7%
Expenses $6,640 $8,204 -0.2%
Net Income $358,861 $-6,698 -54.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
13

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
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR PAUL PONCHILLIA PRESIDENT 1.00
Officer Director
$0 $0 $0
BLAINE LAM TREASURER 2.00
Officer Director
$0 $0 $0
ELYSE CONNORS TRUSTEE 0.50
Director
$0 $0 $0
MARY LEVEQUE TRUSTEE 0.50
Director
$0 $0 $0
GAIL TODA TRUSTEE 0.50
Director
$0 $0 $0
JOHN VAN ELK TRUSTEE 0.50
Director
$0 $0 $0
PATRICIA WAGNER TRUSTEE 0.50
Director
$0 $0 $0
ROB WALL-EMERSON TRUSTEE 0.50
Director
$0 $0 $0
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
2019 $365,501 $6,640 $481,646 $358,861
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