BUSINESS OPPORTUNITIES FOR THE BLIND INC

EIN: 540627094 501(c)(3) Human Services

HENRICO, VA

Total Revenue
$2,956,653
Total Expenses
$3,130,020
Total Assets
$4,980,935
Net Assets
$4,710,899
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
VA
Principal Officer
LINDSEY MATTHEWS
Phone
8042627806
Tax Period
2024-10-01 to 2025-09-30

BUSINESS OPPORTUNITIES FOR THE BLIND INC, founded in 1957, is a community nonprofit in the Human Services sector that reported $3.7M in total revenue in fiscal year 2017. Revenue decreased 6% compared to the prior year.

Mission

AGENT TO THE DEPARTMENT FOR THE BLIND AND VISION IMPAIRED IN PROVIDING SERVICES TO THE BLIND LICENSEES UNDER THE RANDOLPH-SHEPPARD PROGRAM.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,920,502
Investment Income $36,151
Other Revenue $0
TOTAL REVENUE $2,956,653

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,309,317
Fundraising Expenses $0
Program Expenses $2,938,541
Other Expenses $1,820,703
TOTAL EXPENSES $3,130,020

Year-over-Year Comparison

2024 2023 Change
Revenue $2,956,653 $3,020,515 0.0%
Expenses $3,130,020 $2,580,513 +0.2%
Net Income $-173,367 $440,002 -1.4%
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

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Governance

Voting Members
8
Independent Members
8
Employees
12
Volunteers
N/A

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
5
$281,550
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA LANCASTER DIRECTOR 1.00
Director
$0 $0 $0
BOB HARTT DIRECTOR 1.00
Director
$0 $0 $0
BRENDON JEWELL DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER LEVIN DIRECTOR 1.00
Director
$0 $0 $0
JIMMY CUNNINGHAM DIRECTOR 1.00
Director
$0 $0 $0
LARRY POVINELLI PRESIDENT 1.00
Officer Director
$0 $0 $0
LORRAINE MAGNUSSEN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
LINDSEY MATTHEWS ACCOUNTING MANAGER 40.00
Officer
$78,159 $16,216 $94,375
CHARLIE BRANNAN GENERAL MANAGER 40.00
Officer
$83,664 $24,604 $108,268
CHANT CONNOCK GENERAL MANAGER - ENDED 5/30/2024 40.00
Officer
$65,309 $13,598 $78,907
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 $2,956,653 $3,130,020 $4,980,935 $-173,367
2024 $3,020,515 $2,580,513 $5,187,185 $440,002
2023 $3,166,828 $2,895,062 $4,764,971 $271,766
2022 $3,162,870 $3,002,924 $4,301,602 $159,946
2021 $3,648,802 $3,805,746 $4,072,282 $-156,944
2020 $2,877,791 $3,345,063 $4,469,138 $-467,272
2019 $4,137,116 $3,828,214 $4,810,736 $308,902
2018 $3,703,208 $3,595,854 $4,955,736 $107,354
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