New York City Industries for the Blind Inc
Overview
Mission
To create and sustain employment and training opportunities on-site as well as off-site in the local community for legally blind men and women in the greater New York city area
What it reported doing in 2013
'blue power' community placement program - utilizing the experience that nycib has gained over 15 years in transforming poorly educated, inexperienced, low-esteem men and women who are legally blind, into 'work ready' employees 'on-site' within nycib, to create new job opportunities 'off-site' for other legally blind men and women in a broad range of 'blue and white collar' jobs in the local community
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 75% of its reported program spending out as grants.
Nonprofit profile at a glance
- EIN
- 133862439
- IRS 990 coverage
- 2010–2013
- Forms available
- Form 990 2013
- Headquarters
- Brooklyn, NY, USA
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Sheltered Employment
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 95
- Accountability: 75
- Sustainability: 3
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 89.9%; rating input score 90
- Fundraising efficiency: $0.29 raised per $1 spent on fundraising; rating input score 1; 1st percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 70th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 15th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -180.6%; rating input score 0; 0th percentile among comparable filings
- Operating reserve ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 9%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -77.4% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: -52% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 89.9% of spending went to programs
- Governance: 4 of 5 board members independent · 6 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $5.2M in reported program spending
- Leadership: top reported pay $147K · 9 people listed
- Highest-paid contractors: 4 contractors listed · $740K reported
- Consistency: 30 of 31 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes grants
- Filing history: 4 annual filings from 2010 to 2013
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.