2024-08-14T10:06:46-05:00 2023-09-30 390758449 WIPFLI LLP 170 N RADNOR-CHESTER RD SUITE 200 RADNOR PA 19087 990 2022-10-01 390840476 INDUSTRIES FOR THE BLIND AND VISUALLY IMPAIRED INC INDU 4147783040 445 SOUTH CURTIS ROAD WEST ALLIS WI 532141016 CHARLES J LANGE III PRESIDENT/CEO 4147783040 2024-08-13 1 0 SOLOMON MARDAKHAEV P01806552 6105653930 2024-08-05 2022 2024-08-08 14:25:15Z CHARLES J LANGE III 445 SOUTH CURTIS ROAD WEST ALLIS WI 532141016 124065842 0 X IBVI.ORG X 1952 WI TO PROVIDE AND GROW EMPLOYMENT OPPORTUNITIES FOR VISUALLY IMPAIRED PEOPLE. 14 12 265 12 0 0 0 0 0 0 770057 5901757 7383404 15414050 8153461 21315807 227918 262173 0 0 5540519 5865457 0 0 129 5560995 6500505 11329432 12628135 -3175971 8687672 79808956 93707381 23747105 27082564 56061851 66624817 TO CREATE AND GROW EMPLOYMENT OPPORTUNITIES FOR PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED. 0 0 5851683 262173 15381859 TO PROVIDE AND GROW EMPLOYMENT OPPORTUNITIES FOR BLIND AND VISUALLY IMPAIRED PEOPLE. DURING THE TAX YEAR, THE ORGANIZATION EMPLOYED 119 BLIND OR VISUALLY IMPAIRED PEOPLE. 5851683 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 51 0 265 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JEFF MADDEN 4147783040 445 SOUTH CURTIS ROAD WEST ALLIS WI 532141016 CHARLES J LANGE III CEO/PRESIDENT 50.00 X X 600776 0 18290 JEFF MADDEN CFO/TREASURER 50.00 X X 412117 0 11506 JOHN O'CONNOR CHAIRMAN 1.00 X X 0 0 0 TOM SCRIVNER VICE CHAIRMAN 1.00 X X 0 0 0 DAN LOCOCO SECRETARY 1.00 X X 0 0 0 DR MICHAEL BONNER BOARD MEMBER 1.00 X 0 0 0 HEIDI CHADA BOARD MEMBER 1.00 X 0 0 0 SUSAN DOWD BOARD MEMBER 1.00 X 0 0 0 SHERRICE HARREL BOARD MEMBER 1.00 X 0 0 0 MATTHEW KICKBUSH BOARD MEMBER 1.00 X 0 0 0 JOE KOHLER BOARD MEMBER 1.00 X 0 0 0 CHUCK STADLER BOARD MEMBER 1.00 X 0 0 0 MARY VAN VOLKINBURG BOARD MEMBER 1.00 X 0 0 0 JEB WILLENBRING BOARD MEMBER 1.00 X 0 0 0 PATRICK CRAIN CHIEF MANUFACTURE/LOGISTICS OFFICER 40.00 X 300802 0 15091 MALLIKARJUN C BALLA CHIEF INFO OFFICER THRU 1/16/23 40.00 X 284834 0 11579 RICHARD WEIGOLD SR.VP PRODUCT & CHANNEL DEV. 40.00 X 271254 0 12844 TODD HOBART VP BSC STORE OPERATIONS 40.00 X 282137 0 8292 JASON HARPER SR. DIRECTOR OF STRATEGIC SOURCING 40.00 X 142632 0 9075 SUBHENDU MODAK DIR INFORMATION TECHNOLOGY 40.00 X 140865 0 5635 DAVID BATTANI DIRECTOR OF PRICING 40.00 X 136274 0 8821 ANDREW KULICH SR DIR IBVI CUSTOM 40.00 X 129540 0 12919 SCOTT COLE DIRECTOR OF CONTRACTS 40.00 X 132408 0 6669 2833639 0 120721 22 0 1 0 ME DEY & CO INC 700 W VIRGINIA ST STE 300 MILWAUKEE WI 53204 IMPORT CONSULTANTS 1141376 RIVER RUN COMPUTERS INC 2320 W CAMDEN RD MILWAUKEE WI 53209 IT SUPPORT SERVICES 272464 EPIC CREATIVE 300 S 6TH AVENUE WEST BEND WI 53095 MARKETING SERVICES 221070 ITERIA US 1178 CYPRESS PT TWIN LAKES WI 53181 ERP CONSULTANTS 153435 WIPFLI LLP PO BOX 3160 MILWAUKEE WI 53201 ACCOUNTING SERVICES 131100 6 4574648 4574648 7529857 6202748 1327109 1327109 1327109 111929146 96547287 15381859 15381859 CREDIT CARD REBATE 900099 32191 32191 32191 21315807 15381859 0 5933948 262173 262173 2385188 556888 1828300 2303788 1367008 936780 234222 138953 95269 619310 480244 139066 322949 191312 131637 148039 148039 108905 108905 15166 15166 509165 509165 305703 305703 336036 205365 130671 1281820 54902 1226918 8408 8408 209803 73060 136743 41155 41026 129 255053 255053 505826 505826 319729 122965 196764 FEES BASED ON SALES 1615955 1615955 CARD FEES 760787 477155 283632 BAD DEBT 15256 15256 LICENSES & DUES 2834 2834 60865 60865 12628135 5851683 6776323 129 3474693 26585686 9564217 5163927 16669377 15190680 481985 575311 35746678 17150440 19865758 18596238 26995980 22695032 1000000 0 1756946 4900507 79808956 93707381 10856176 11309826 3091096 13210858 9799833 2561880 23747105 27082564 X 56061851 66624817 56061851 66624817 79808956 93707381 X 8687672 1324476 -10401 561219 X 0 1 X 1 0 X 113547138 105965416 82760967 78497266 111929146 492699933 136187 138933 26730 -3225 32191 330816 113683325 106104349 82787697 78494041 111961337 493030749 0 0 0 493030749 686891 647833 599109 774599 4574648 7283080 4194 4194 691085 647833 599109 774599 4574648 7287274 114374410 106752182 83386806 79268640 116535985 500318023 0.98540 0.99300 0.01460 0.00700 X PART II, SHORT YEAR EXPLANATION THE ORGANIZATION HAD A SHORT YEAR, BEGINNING ON JANUARY 1, 2018 AND ENDING ON SEPTEMBER 30, 2018. 1702300 1702300 16581241 6278932 10302309 647151 555419 91732 7487988 5139456 2348532 9327998 5176633 4151365 18596238 DEPOSITS WITH VENDORS 1959249 PREPAID PENSION ASSET 626971 COSTS IN EXCESS OF BILLINGS 2314287 4900507 NET PENSION LIABILITY 2561880 2561880 X 23186336 1324476 561219 1885695 21300641 15166 15166 21315807 12612969 0 12612969 15166 15166 12628135 PART X, LINE 2: ACCOUNTING PRINCIPLES RELATED TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS REQUIRE FINANCIAL STATEMENT RECOGNITION FOR THE IMPACT OF A TAX POSITION, IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE TAX POSITION. THE PRINCIPLES PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AS WELL AS GUIDANCE ON DERECOGNIZING, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. TAX RETURNS FOR THE YEARS ENDED DECEMBER 31, 2018 AND LATER REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. INDUSTRIES FOR THE BLIND AND VISUALLY IMPAIRED, INC. (IBVI) IS ORGANIZED AS AN ENTITY GENERALLY EXEMPT FROM CORPORATE INCOME TAXES. UNDER CERTAIN CIRCUMSTANCES, EXEMPT ENTITIES CAN INCUR CORPORATE INCOME TAXES ON ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT STATUS. MANAGEMENT REGULARLY EVALUATES ITS ACTIVITIES AND DETERMINES IF ANY OF ITS ACTIVITIES WOULD BE CONSIDERED UNRELATED AND HAS CONCLUDED THAT NO UNCERTAIN TAX POSITIONS HAVE BEEN TAKEN. FROM TIME TO TIME, IBVI IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ACTUARIAL GAIN 504,026. NET GAIN TO DEFINED BENEFIT PENSION PLANS 57,193. 1 VISION FORWARD 912 NORTH HAWLEY ROAD MILWAUKEE WI 53213 390808506 501(C)(3) 100000 0 DEVELOPMENT OF CAPABILITIES, REHABILITATION AND IMPROVEMENT OF LIVING STANDARDS FOR BLIND AND VISUALLY IMPAIRED INDIVIDUALS ABLE AUDIO & BRAILLE LITERACY ENHANCEMENT 803 WEST WELLS STREET MILWAUKEE WI 53233 391593301 501(C)(3) 40000 0 DEVELOPMENT OF CAPABILITIES, REHABILITATION AND IMPROVEMENT OF LIVING STANDARDS FOR BLIND AND VISUALLY IMPAIRED INDIVIDUALS CENTER FOR DEAF-BLIND PERSONS 3195 SOUTH SUPERIOR STREET MILWAUKEE WI 53207 391491836 501(C)(3) 45000 0 DEVELOPMENT OF CAPABILITIES, REHABILITATION AND IMPROVEMENT OF LIVING STANDARDS FOR BLIND AND VISUALLY IMPAIRED INDIVIDUALS CAMP LEO COUNCIL 30 LAKESPUR LANE BLUFFTON SC 29909 570882925 501(C)(3) 5000 0 DEVELOPMENT OF CAPABILITIES, REHABILITATION AND IMPROVEMENT OF LIVING STANDARDS FOR BLIND AND VISUALLY IMPAIRED INDIVIDUALS UNIVERSITY OF WI MILWAUKEE PO BOX 413 MILWAUKEE WI 53201 391805963 UNIVERSITY 7446 0 DEVELOPMENT OF CAPABILITIES, REHABILITATION AND IMPROVEMENT OF LIVING STANDARDS FOR BLIND AND VISUALLY IMPAIRED INDIVIDUALS ROCK COUNTY RAILERS 2747 PARK PLACE LANE 35 JANESVILLE WI 53545 PRIVATE 5568 0 DEVELOPMENT OF CAPABILITIES, REHABILITATION AND IMPROVEMENT OF LIVING STANDARDS FOR BLIND AND VISUALLY IMPAIRED INDIVIDUALS 4 2 PART I, LINE 2: THE BOARD OF DIRECTORS APPROVES AN AMOUNT FOR "WELFARE DISTRIBUTION" EACH YEAR BASED ON RECOMMENDATION FROM THE COMMUNITY OUTREACH COMMITTEE. THE COMMUNITY OUTREACH COMMITTEE OF THE BOARD OF DIRECTORS SENDS OUT SOLICITATION LETTERS TO VARIOUS ORGANIZATIONS. THE BUSINESS COMMUNITY OUTREACH COMMITTEE REVIEWS PROPOSALS SUBMITTED AND DETERMINES WHICH ORGANIZATIONS WILL RECEIVE FUNDS AND THE AMOUNT THEY WILL RECEIVE. A LETTER IS SENT WITH THE FUNDS. FEEDBACK ON THE USE OF THE FUNDS IS ALSO REQUESTED FROM THE ORGANIZATIONS. DONATIONS OF OLD INVENTORY AND OTHER MISCELLANEOUS ITEMS ARE APPROVED BY MANAGEMENT. X X 1 1 X X X X 0 0 0 1 0 1 0 1 0 CHARLES J LANGE III CEO/PRESIDENT 293288 0 203075 0 104413 0 12200 0 6090 0 619066 0 0 0 JEFF MADDEN CFO/TREASURER 199464 0 212653 0 0 0 8266 0 3240 0 423623 0 0 0 PATRICK CRAIN CHIEF MANUFACTURE/LOGISTICS OFFICER 178674 0 122128 0 0 0 11851 0 3240 0 315893 0 0 0 MALLIKARJUN C BALLA CHIEF INFO OFFICER THRU 1/16/23 209859 0 74975 0 0 0 8339 0 3240 0 296413 0 0 0 TODD HOBART VP BSC STORE OPERATIONS 159963 0 122174 0 0 0 5052 0 3240 0 290429 0 0 0 RICHARD WEIGOLD SR.VP PRODUCT & CHANNEL DEV. 184911 0 86343 0 0 0 9604 0 3240 0 284098 0 0 0 JASON HARPER SR. DIRECTOR OF STRATEGIC SOURCING 139882 0 2750 0 0 0 5835 0 3240 0 151707 0 0 0 PART I, LINE 1A $100/YEAR HEALTH CLUB REIMBURSEMENT ALLOWED FOR ANY EMPLOYEE. PART I, LINE 5 PER EMPLOYEE AGREEMENTS/PLANS AS DRAFTED BY THE COMPENSATION & PERSONNEL COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. PART I, LINE 6 PER EMPLOYEE AGREEMENTS/PLANS AS DRAFTED BY THE COMPENSATION & PERSONNEL COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. PART I, LINE 7 PAYMENTS FOR PERFORMANCE AND EXTRAORDINARY DISCRETIONARY BONUSES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS AND A COPY OF THE RETURN IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C BEFORE EACH ANNUAL MEETING THE BOARD OF DIRECTORS COMPLETE A FORM INDICATING ANY CONFLICTS OF INTEREST THEY MAY HAVE. THESE FORMS ARE KEPT ON RECORD. BOARD MEMBERS ARE RECUSED FROM THE BOARD MEETING IF THEY HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 SALARIES AND COMPENSATION PLANS ARE DETERMINED BY THE COMPENSATION & PERSONNEL COMMITTEE WHICH IS MADE UP OF BOARD MEMBERS. THIS COMMITTEE USES COMPETITIVE COMPENSATION RESEARCH PROVIDED BY AN OUTSIDE CONSULTING FIRM. NO EXECUTIVES OR EMPLOYED MANAGERS SET THEIR OWN COMPENSATION PLAN. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NET ACTUARIAL GAIN 504,026. RECLASSIFICATION FOR PENSION 57,193. TOP PROMOTIONS INC 8831 SOUTH GREENVIEW DRIVE MIDDLETON WI 53562 391428436 PROMOTIONAL PRODUCT SOLUTIONS WI INDUSTRIES FOR THE BLIND AND VISUALLY IMPAIRED INC C 2087212 1749541 1.00000 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 TOP PROMOTIONS INC M 4804925 FAIR MARKET VALUE TOP PROMOTIONS INC F 4000000 CASH