Insight for the Blind Inc

Nonprofit profile at a glance

EIN
591626795
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Fort Lauderdale, FL, USA
Phone
9545225057
Rating
80
Verdict
STRONG
Rating confidence
Standard
Sector
Media, Communications Organizations

Official website

Reported finances

Revenue
$414,246
Expenses
$310,790
Assets
$2,669,451
Liabilities
$5,461

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • MATTHEW COREY (PRESIDENT CEO)

Highest reported compensation

  • MATTHEW COREY (PRESIDENT CEO): $86,716 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To help improve the quality of life for blind and visually impaired children and adults by promoting literacy, arts and learning and aiding in the appreciation for reading.this is accomplished through their in-house audio production of books, magazines and other accessible media.

What it reported doing in 2024

Insight for the blind records audio books, magazines and articles that are distributed free all across the country by mail through the public library system. The mission of insight for the blind is to help improve the quality of life for blind and visually impaired children and adults by promoting literacy and learning and aiding in the appreciation for reading through our production of audio books, magazines and articles and by working with, and maintaining the standards of, the library of congress talking books program. We send out master digital recordings from our studio to the library of congress in Washington and the Florida division of blind services in daytona beach. These institutes reproduce the material onto proprietary cartridges, which are then distributed nationally. Working through the fl dept of blind svcs (fdbs) and the talking books libraries in Florida, there are 1200+/- users of humpty dumpty, national geographic traveler, smithsonian and southern living; all recorded exclusively by insight. The audio product of humpty dumpty is in turn used by fdbs as part of their blind babies program, established by the Florida legislature in 2000 to provide community-based early intervention education for children from birth through five years of age who are blind or visually inpaired, and for their parents, families, and caregivers. Insight for the blind recorded 80+ issues of assigned magazines and exceeded its quota of recorded books. During the year ended june 30 2025, there were approximately 90 volunteers who provided about 9,000 hours of service to assist in accomplishing these achievements.

Operating model

Revenue model
Donor-supported. 86% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 93
  • Accountability: 95
  • Sustainability: 70
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.4%; rating input score 66
  • Program expense ratio: 76.8%; rating input score 77
  • Fundraising efficiency: $11.49 raised per $1 spent on fundraising; rating input score 43; 43rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 25%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 8.59; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 54; 54th percentile among comparable filings
  • Officer compensation ratio: 27.9%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: -3.7% per year; rating input score 0; 19th percentile among comparable filings
  • Revenue growth: 7.7% per year; rating input score 100; 65th percentile among comparable filings
  • Asset growth: 0.9% per year; rating input score 100; 28th percentile among comparable filings

Details

  • Where the money goes: 66.4% of revenue deployed · 76.8% of spending went to programs
  • Governance: 10 of 10 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $239K in reported program spending
  • Leadership: top reported pay $87K · 11 people listed
  • Consistency: 22 of 23 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 43/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • Review — Sustainability: Liabilities to assets ratio scored 54/100.