Indiana Blind Children's Foundation
Nonprofit profile at a glance
- EIN
- 351892005
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-EZ 2011
- Location
- Indianapolis, IN, USA
- Phone
- 3175542742
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Children's, Youth Services
Reported finances
- Revenue
- $737,754
- Expenses
- $628,298
- Assets
- $1,297,413
- Liabilities
- $34,961
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- MICHAEL PARENT (PRESIDENT)
- KIM BORGES (VICE PRESIDENT)
- LAURA ALVARADO (EXECUTIVE DIRECTOR)
Highest reported compensation
- LAURA ALVARADO (EXECUTIVE DIRECTOR): $101,863 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Indiana blind children's foundation empowers Indiana youth who are blind or have low vision to reach their full potential by providing year-round resources and support to the youth and their families.
What it reported doing in 2024
This creation of the adaptive kitchen at isbv brought in a total of $233,911 in revenue via grants, sponsorships and indiviudal donor campaigns in 2024. The the new adaptive kitchen was designed and constructed with the students at the Indiana school for the blind and visually impaired in mind. The design of the adaptive kitchen allows students with vision impairments and various physical disabilities to learn how to cook in an environment tailored to their needs and abilities, fostering confidence and independence through cooking classes specially designed for them. The adaptive kitchen and cooking classes allow students to gain valuable life skills, deepen critical thinking skills through culinary experimentation, express creativity, and increase confidence in students and their families, that they can be independent. The classes have also exposed students to a variety of ingredients and recipes that they can easily implement at home.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 78% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 94
- Accountability: 79
- Sustainability: 62
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.6%; rating input score 59
- Program expense ratio: 66.8%; rating input score 67
- Fundraising efficiency: $9.94 raised per $1 spent on fundraising; rating input score 38; 38th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 14.8%; rating input score 70; 70th percentile among comparable filings
- Total-asset coverage ratio: 2.06; rating input score 66; 66th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 59; 59th percentile among comparable filings
- Officer compensation ratio: 16.2%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 13.8% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: 12.6% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: 11% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 58.6% of revenue deployed · 66.8% of spending went to programs
- Governance: 13 of 13 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $419K in reported program spending
- Leadership: top reported pay $102K · 14 people listed
- Highest-paid contractors: 1 contractor listed · $226K reported
- Consistency: 28 of 28 current checks pass
- Schedules: 8 filed schedules · includes major donors and grants
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 3 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 38/100.
- High — Sustainability: Officer compensation ratio scored 21/100.
- Review — Sustainability: Liabilities to assets ratio scored 59/100.