2011-01-12T13:41:31-06:00 2010-06-30 WithumSmithBrown PC 465 South Street Suite 200 Morristown NJ 079606497 990 2009-07-01 131659345 RECORDING FOR THE BLIND & DYSLEXIC INC RECO 6095208010 20 ROSZEL ROAD PRINCETON NJ 08540 ANDREW FRIEDMAN 2010-12-21 9738989494 2009 2016-02-24 21:20:13Z ANDREW FRIEDMAN 20 ROSZEL ROAD PRINCETON NJ 08540 54168611 false X WWW.RFBD.ORG X 1948 NJ TO CREATE OPPORTUNITIES FOR INDIVIDUAL SUCCESS BY PROVIDING AND PROMOTING THE EFFECTIVE USE OF ACCESSIBLE EDUCATIONAL MATERIALS. 19 19 311 6019 0 0 38761030 43475248 4889341 3370698 -144783 1886258 1004234 3246336 44509822 51978540 59092 60000 0 0 25315168 20581600 154459 0 6163805 36931688 29773364 62460407 50414964 -17950585 1563576 46897011 50269397 6233503 6267713 40663508 44001684 TO CREATE OPPORTUNITIES FOR INDIVIDUAL SUCCESS BY PROVIDING AND PROMOTING THE EFFECTIVE USE OF ACCESSIBLE EDUCATIONAL MATERIALS TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, 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GOVERNMENT SECURITIES 182671 F CORPORATE STOCKS 8730324 F INTERNATIONAL STOCKS 230448 F INTERNATIONAL FUNDS 4371168 F ALTERNATIVE INVESTMENTS 2838766 F PERPETUAL TRUST 605000 F 32790588 TEXT OF FIN 48 AUDITED FINANCIAL STATEMENT FOOTNOTE SCHEDULE D, PART X THE FIN 48 FOOTNOTE BELOW IS FROM THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2009. IN JUNE 2006, THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF FASB STATEMENT NO. 109 (FIN 48). FIN 48 ADDRESSES THE ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES RECOGNIZED IN AN ORANIZATION'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF MORE-LIKELY THAN-NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FIN 48 ALSO PROVIDES GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. THE ADOPTION OF FIN 48 IS NOT EXPECTED TO HAVE A MATERIAL IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. 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X X X X X X true false false false false false false false false JOHN KELLY SEE SCHEDULE O 296463 0 0 0 414 0 30000 0 19152 0 346029 0 0 0 ANDREW FRIEDMAN SEE SCHEDULE O 209936 0 0 0 260 0 0 0 18898 0 229094 0 0 0 WILLIAM F BARTOLINI 235294 0 0 0 17274 0 15200 0 9422 0 277190 0 0 0 ANDREW MALAVSKY 173851 0 0 0 239 0 0 0 20660 0 194750 0 0 0 MICHAEL KURDZIEL 162975 0 0 0 1049 0 0 0 552 0 164576 0 0 0 GRETCHEN CASTLE 145723 0 0 0 276 0 0 0 18478 0 164477 0 0 0 JOHN A CHURCHILL TERM 4142009 58987 0 0 0 135015 0 18933 0 5913 0 218848 0 0 0 PETER BERAN 157463 0 0 0 15850 0 17750 0 19062 0 210125 0 0 0 LESLIE WEINRIB TERM 2272009 23731 0 0 0 130222 0 7039 0 18569 0 179561 0 0 0 ROBERT N RAO 117166 0 0 0 58086 0 20524 0 8162 0 203938 0 0 0 JULIA FREEDMAN 5460 0 0 0 146001 0 0 0 710 0 152171 0 0 0 COMPENSATION INFORMATION SCHEDULE J, PART I; QUESTION 4A CERTAIN INDIVIDUALS RECEIVED A SEVERANCE PAYMENT DURING CALENDAR YEAR 2009 WHICH SEVERANCE AMOUNTS WERE INCLUDED IN COLUMN B (III) HEREIN AND IN EACH INDIVIDUAL'S RESPECTIVE 2009 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. COMPENSATION INFORMATION SCHEDULE J, PART II; COLUMN B(III) INDIVIDUALS INCLUDED IN SCHEDULE J OF THIS FEDERAL FORM 990 RECEIVED COMPENSATION WITH RESPECT TO PAID TIME OFF ("PTO"), WHICH WAS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III) HEREIN AND IN EACH INDIVIDUAL'S 2009 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. NO ONE INDIVIDUAL RECEIVED GREATER THAN $26,500 FOR UNUSED PTO. X 334908 FMV X 17 66135 FMV X VOLUNTEER SERVICES 6019 18867776 FMV X WORKSPACE 1 350580 FMV X GIFT CERTS/JEWELERY/MISC. 384 101018 FMV false true true NON-CASH CONTRIBUTIONS SCHEDULE M, PART I; QUESTION 32A THE ORGANIZATION HIRES INDEPENDENT THIRD-PARTIES TO SELL NON-CASH CONTRIBUTIONS IT RECEIVES; INCLUDING PUBLICLY TRADED SECURITIES IF THE ORGANIZATION DECIDES NOT TO RETAIN THE ITEM(S). THE ORGANIZATION PAYS FAIR MARKET VALUE RATES AND COMMISSIONS IN THESE INSTANCES. COMMUNITY BENEFIT STATEMENT PART III; STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS BACKGROUND ========== RECORDING FOR THE BLIND & DYSLEXIC ("RFB&D") WORKS WITH LEADING PUBLISHERS AND TECHNOLOGY INNOVATORS TO BRING ACCESSIBLE MATERIALS TO PEOPLE WITH VISUAL AND LEARNING DISABILITIES. AVAILABLE IN EVERY GRADE LEVEL AND MOST SUBJECTS, RFB&D TEXTBOOK AND LITERATURE TITLES ARE USED NATIONWIDE. IN ADDITION TO THE CLASSICS, RFB&D'S DIGITAL LIBRARY PROVIDES CURRENT EDITIONS OF STATE ADOPTED TEXTS ENSURING STUDENTS LEARN FROM THE SAME VERSIONS AS THEIR CLASSMATES. OUR TEXTBOOKS, LITERATURE TITLES AND OTHER ADULT RESOURCE BOOKS ARE SUITABLE FOR INDIVIDUALS, STUDENTS AND WORKING PROFESSIONALS SO THAT ALL CAN PARTICIPATE IN LIFELONG LEARNING. USED AS PART OF A MULTISENSORY LEARNING SYSTEM, RFB&D'S AUDIOBOOKS ALLOW EDUCATIONAL EQUALITY FOR STUDENTS WHO STRUGGLE WITH READING SO THEY CAN LEARN ALONGSIDE THEIR PEERS IN CLASS, AT HOME OR WHEREVER THEY CHOOSE. NO OTHER PROVIDER OFFERS THE SELECTION OF ACCESSIBLE MATERIALS THAT HAVE MADE RFB&D A TRUSTED RESOURCE FOR MORE THAN 60 YEARS. MISSION ======= PROMOTE PERSONAL ACHIEVEMENT WHEN ACCESS AND/OR READING ARE BARRIERS TO LEARNING BY ADVANCING THE USE OF ACCESSIBLE AND EFFECTIVE EDUCATIONAL SOLUTIONS. VISION ====== FOR ALL PEOPLE TO HAVE EQUAL OPPORTUNITIES TO LEARN. HISTORY ====== - IN 1948 ANNE T. MACDONALD ESTABLISHED RECORDING FOR THE BLIND, AFTER SOLDIERS WHO LOST THEIR SIGHT IN WORLD WAR II, WROTE LETTERS TO THE NY PUBLIC LIBRARY WOMEN'S AUXILIARY, REQUESTING TEXTBOOKS. THE GI BILL OF RIGHTS GUARANTEED A COLLEGE EDUCATION BUT BLIND SOLDIERS HAD NO WAY TO READ TEXTBOOKS. MACDONALD LED THE WOMEN'S AUXILIARY TO RECORD TEXTBOOKS AND RFB WAS BORN. BY 1970, WE BEGAN SERVING AN INCREASING NUMBER OF PEOPLE WHO HAD LEARNING DISABILITIES AND ADDITIONAL RECORDING STUDIOS WERE ESTABLISHED. - TODAY, RECORDING FOR THE BLIND & DYSLEXIC HAS NATIONAL RECORDING STUDIOS THAT PRODUCE MORE THAN 6,000 AUDIO TEXTBOOKS ANNUALLY. THE KEY TO OUR SUCCESS IS OUR BASE OF 5,000 VOLUNTEERS, 200 EMPLOYEES AND MORE THAN 80,000 DONORS AND SUPPORTERS WHO ARE DEDICATED TO HELPING AMERICA'S STUDENTS TRANSFORM THEIR LIVES THROUGH EDUCATION. VOLUNTEERS HELP MEMBERS ======================= RFB&D CURRENTLY HAS MORE THAN 5,000 ACTIVE VOLUNTEERS NATIONWIDE WHO HELP BRING TEXTBOOK AND LITERATURE TITLES TO LIFE FOR OUR MEMBERS. SUBJECT MATTER EXPERTS DESCRIBE CHARTS AND GRAPHS IN MATH, SCIENCE AND OTHER TEXTBOOKS IN ORDER FOR THE LISTENER TO RECEIVE THE COMPLETE BOOK EXPERIENCE. EACH YEAR THEIR DEDICATION AND HARD WORK ALLOW US TO ADD THOUSANDS OF NEW DIGITAL BOOKS TO OUR LIBRARY. MILESTONES IN RFB&D'S HISTORY ============================= 1940'S ------ - 1948: ANNE T. MACDONALD FIRST ENVISIONED RFB&D (OR RECORDING FOR THE BLIND AS IT WAS THEN KNOWN) WHEN SOLDIERS WHO HAD LOST THEIR SIGHT IN COMBAT SENT LETTERS TO THE NEW YORK PUBLIC LIBRARY'S WOMEN'S AUXILIARY REQUESTING TEXTBOOKS. THE NEWLY PASSED GI BILL OF RIGHTS GUARANTEED A COLLEGE EDUCATION, BUT THE TEXTBOOKS WERE INACCESSIBLE TO THE SOLDIERS. PROFOUNDLY MOVED BY THE SOLDIERS' LETTERS, MACDONALD LED THE WOMEN'S AUXILIARY TO RECORD TEXTBOOKS FOR THE SERVICEMEN ON SOUNDSCRIBER VINYL PHONOGRAPH DISCS. AND THUS, RFB WAS BORN. 1950'S ------ - DEMAND WAS SO GREAT THAT BY 1951, OUR ORGANIZATION HAD INCORPORATED AS THE NATION'S ONLY NONPROFIT TO RECORD TEXTBOOKS. MRS. MACDONALD THEN TRAVELED ACROSS THE COUNTRY TO ESTABLISH RECORDING STUDIOS IN SEVEN ADDITIONAL CITIES. 1960'S ------ - REEL-TO-REEL TAPES AND THEN CASSETTE TAPES REPLACED THE VINYL DISCS. 1970'S ------ - BY 1970, THE ORGANIZATION BEGAN TO SERVE AN INCREASING NUMBER OF PEOPLE WHO HAD LEARNING DISABILITIES, WHILE ADDITIONAL STUDIOS OF WILLING VOLUNTEERS SPRANG UP AROUND THE NATION. 1980'S ------ - IN 1983, RFB HEADQUARTERS MOVED TO A NEW BUILDING IN PRINCETON, NJ, COMPUTERIZED OPERATIONS AND DEVELOPED HIGH-SPEED TAPE DUPLICATION, THEREBY TRIPLING THE NUMBER OF BOOKS CIRCULATED. 1990'S ------ - 1990: ELECTRONIC TEXT (E-TEXT) PROVIDED COMPUTER DISKS FOR MEMBERS TO USE WITH ADAPTIVE COMPUTER EQUIPMENT. - 1995: IN RECOGNITION OF OUR EXPANDED MEMBER POPULATION, WE CHANGED OUR NAME IN 1995 TO RECORDING FOR THE BLIND & DYSLEXIC, TO SERVE INCREASED MEMBERSHIP OF INDIVIDUALS WITH LEARNING DISABILITIES. - 1996: A PILOT PROGRAM FOR DIGITAL RECORDING BEGAN TO ULTIMATELY PRODUCE TEXTBOOKS ON CD AND OTHER MULTIMEDIA. 2000'S ------ - OUR MEMBERSHIP - WHICH INCLUDES STUDENTS IN KINDERGARTEN THROUGH GRADUATE SCHOOL, AS WELL AS WORKING PROFESSIONALS - NOW INCLUDES MORE THAN 75% OF INDIVIDUALS WITH LEARNING DISABILITIES. - 2002: RFB&D RELEASED DAISY CD (AUDIOPLUS) DIGITALLY RECORDED TEXTBOOKS. - 2007: RFB&D TRANSITIONED TO AN ALL-DIGITAL LEARNING THROUGH LISTENING LIBRARY. - RFB&D LAUNCHED EDUCATOR SUPPORT SITE AT WWW.LEARNINGTHROUGHLISTENING.ORG. - 2008: RFB&D INTRODUCED WMA DOWNLOADABLE (AUDIOACCESS), ALLOWING OUR TITLES TO BECOME DOWNLOADABLE DIRECTLY TO COMPUTERS AND PORTABLE MEDIA PLAYERS. - 2009: RFB&D INTRODUCED DOWNLOADABLE DAISY (DOWNLOADABLE AUDIOPLUS) RECORD OF SERVICE ================= FY 2010 ------- BOOKS IN CIRCULATION 676,261 BOOKS IN CV STARR LEARNING THROUGH LISTENING LIBRARY 61,283 NEW DIGITALLY RECORDED BOOKS PRODUCED 6,046 TOTAL HOURS RECORDED 128,188 NUMBER OF TELEPHONE/INTERNET REQUESTS FOR SERVICE 308,772 TOTAL ESTIMATED PEOPLE SERVED 265,877 ESTIMATED PEOPLE SERVED THROUGH TEACHER SUPPORT WEBSITE 52,777 TOTAL ESTIMATED PEOPLE SERVED THROUGH INDIVIDUAL MEMBERSHIPS 47,473 ESTIMATED PEOPLE SERVED THROUGH INSTITUTIONS 165,627 INSTITUTIONS SERVED 9,752 PEOPLE SERVED WHO ARE BLIND OR VISUALLY IMPAIRED 40,676 PEOPLE SERVED WHO HAVE A LEARNING DISABILITY 162,485 PEOPLE SERVED WHO HAVE A PHYSICAL DISABILITY 6,143 PEOPLE SERVED WHO HAVE MULTIPLE DISABILITIES 3,796 PEOPLE SERVED WHO ARE IN ELEMENTARY SCHOOL 83,224 PEOPLE SERVED WHO ARE IN HIGH SCHOOL 77,792 PEOPLE SERVED - UNDERGRADUATE LEVEL 39,753 PEOPLE SERVED - GRADUATE LEVEL/NON STUDENTS 12,331 NUMBER OF ACTIVE VOLUNTEERS 6,019 NUMBER OF HOURS OF SERVICE DONATED 269,500 DISCLOSURE INFORMATION CORE FORM, PART VI, SECTION B; QUESTION 11A THE ORGANIZATION IS THE SOLE MEMBER OF THE RECORDING FOR THE BLIND & DYSLEXIC, INC. AND LOCAL CHAPTERS INCLUDED IN THE GROUP RETURN. ALL BALANCE SHEET AND PROFIT AND LOSS ACTIVITY IS REPORTED ON THE ORGANIZATION'S FORM 990. IN ADDITION, PLEASE NOTE PART V, QUESTION 1A OF THE CORE FORM DOES NOT INCLUDE THE 1099'S ISSUED BY RECORDING FOR THE BLIND & DYSLEXIC, INC. LOCAL CHAPTERS SINCE THEY WERE NOT ISSUED UNDER THE ORGANIZATION'S FEDERAL EMPLOYER IDENTIFICATION NUMBER. DISCLOSURE INFORMATION CORE FORM, PART VI, SECTION B; QUESTION 11A THE ORGANIZATION IS THE PARENT ENTITY OF RECORDING FOR THE BLIND & DYSLEXIC, INC. AND ITS SUBORDINATES AND LOCAL CHAPTERS; A NATIONAL, NOT-FOR-PROFIT VOLUNTEER ORGANIZATION. THE ORGANIZATION'S FEDERAL FORM 990 WAS PROVIDED TO AND MADE AVAILABLE TO THE AUDIT COMMITTEE OF RECORDING FOR THE BLIND & DYSLEXIC, INC. FOR REVIEW BY ITS MEMBERS PRIOR TO FILING OF THE FEDERAL FORM 990 WITH THE INTERNAL REVENUE SERVICE ("IRS"). FOLLOWING THIS REVIEW THE FORM 990 WAS MADE AVAILABLE TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY, ITS BOARD OF TRUSTEES, PRIOR TO FILING WITH THE IRS. THE ORGANIZATION' BOARD OF TRUSTEES HAS DELEGATED TO ITS AUDIT COMMITTEE THE RESPONSIBILITY TO OVERSEE, REVIEW AND APPROVE OF THE FEDERAL FORM 990, INCLUDING THE PREPARATION, REVIEW AND FILING PROCESS. AS PART OF THE TAX RETURN PREPARATION PROCESS THE ORGANIZATION HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S FINANCE PERSONNEL AND VARIOUS OTHER INDIVIDUALS OF THE ORGANIZATION AND THE SYSTEM TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S FINANCE PERSONNEL AND OTHER INDIVIDUALS FOR THEIR REVIEW. THE ORGANIZATION'S FINANCE PERSONNEL AND OTHER INDIVIDUALS REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE ORGANIZATION'S FINANCE PERSONNEL AND VARIOUS OTHER INDIVIDUALS FOR FINAL REVIEW AND APPROVAL PRIOR TO PRESENTATION OF THE FEDERAL FORM 990 TO THE MEMBERS OF THE ORGANIZATION'S AUDIT COMMITTEE. THEREAFTER, THE FORM 990 WAS MADE AVAILABLE TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY, ITS BOARD OF TRUSTEES, PRIOR TO FILING WITH THE IRS. DISCLOSURE INFORMATION CORE FORM, PART VI, SECTION B; QUESTION 12 THE ORGANIZATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. ANNUALLY ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS AND SENIOR MANAGEMENT PERSONNEL ARE REQUIRED TO REVIEW THE EXISTING CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE ORGANIZATION'S BOARD SECRETARY TO INVENTORY; THE COMPLETED QUESTIONNAIRES ARE REVIEWED BY THE PRESIDENT/CHIEF EXECUTIVE OFFICER OF THE ORGANIZATION. DISCLOSURE INFORMATION CORE FORM, PART VI, SECTION B; QUESTION 15 AN EXECUTIVE COMPENSATION COMMITTEE ("ECC"), CONSISTING OF THE NATIONAL BOARD CHAIRMAN AND VICE CHAIRMAN, WILL MEET ANNUALLY PRIOR TO THE BEGINNING OF THE ORGANIZATION'S FISCAL YEAR. THE ORGANIZATION'S HUMAN RESOURCES DEVELOPMENT DEPARTMENT WILL PROVIDE THE ECC AND THE PRESIDENT/CHIEF EXECUTIVE OFFICER WITH COMPENSATION SURVEY RESULTS FROM AN OUTSIDE FIRM. IN CONDUCTING THIS SURVEY, COMPARATIVE DATA IS TO BE GATHERED FROM NON-PROFIT ORGANIZATIONS OF SIMILAR SIZE. USING THE SURVEY RESULTS, MANAGEMENT WILL PROPOSE ANNAUL SALARY RANGES FOR ALL EMPLOYEES. THE EXECUTIVE COMMITTEE OF THE NATIONAL BOARD WILL REVIEW AND APPROVE THE SALARY RANGES FOR THE TOP TEN MOST HIGHLY COMPENSATED ORGANIZATION EMPLOYEES. THESE APPROVED SALARY RANGES WILL BE USED IN CONJUNCTION WITH THE EMPLOYEE PERFORMANCE APPRAISALS TO DETERMINE THE SPECIFIC COMPENSATION LEVEL FOR EACH INDIVIDUAL. THE ECC WILL SET THE COMPENSATION LEVEL FOR THE PRESIDENT/CHIEF EXECUTIVE OFFICER. THE PRESIDENT/CHIEF EXECUTIVE OFFICER WILL SET THE COMPENSATION LEVELS FOR ALL OTHER ORGANIZATION EMPLOYEES. IN THIS PRACTICE, THE ECC WILL ALSO REVIEW THE PRESIDENT/CHIEF EXECUTIVE OFFICER ESTABLISHED COMPENSATION LEVELS FOR THE REMAINING NINE MOST-HIGHLY COMPENSATED EMPLOYEES. THEN, IN EXECUTIVE SESSION WITH THE PRESIDENT/CHIEF EXECUTIVE OFFICER PRESENT, THE NATIONAL BOARD OF TRUSTEES WILL REVIEW THE COMPENSATION LEVELS AND COMPARISION DATA FOR THE PRESIDENT/CHIEF EXECUTIVE OFFICER AND THE OTHER NINE POSITIONS. THIS REPORT TO THE FULL BOARD WILL OCCUR AFTER THE ANNUAL COMPENSATION PROCESS HAS TAKEN PLACE AND IS IMPLEMENTED. THE DATA WILL BE PRESENTED FOR INFORMATIONAL PURPOSES ONLY; NO ACTION WILL BE REQUIRED BY THE BOARD. THE ACTIONS TAKEN BY THE ECC ENABLE THE ORGANIZATION TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENE CODE SECTION 4958 WITH RESPECT TO THE TOTAL COMPENSATION OF CERTAIN MEMBERS OF THE SENIOR MANAGEMENT TEAM, INCLUDING THE PRESIDENT/CHIEF EXECUTIVE OFFICER AND THE NEXT NINE MOST-HIGHLY COMPENSATED EMPLOYEES. THE THREE FACTORS WHICH MUST BE SATISFIED IN ORDER TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS ARE THE FOLLOWING: 1. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY AN "AUTHORIZED BODY" OF THE APPLICABLE TAX-EXEMPT ORGANIZATION WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A "CONFLICT OF INTEREST" WITH RESPECT TO THE COMPENSATION ARRANGEMENT; 2. THE AUTHORIZED BODY OBTAINED AND RELIED UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION; AND 3. THE AUTHORIZED BODY "ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION" CONCURRENTLY WITH MAKING THAT DETERMINATION. THE ACTIONS OUTLINED ABOVE WITH RESPECT TO THE COMMITTEE AND THE ESTABLISHMENT OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS APPLIES TO CERTAIN INDIVIDUALS DISCLOSED IN THIS FORM 990, INCLUDING THE PRESIDENT/CHIEF EXECUTIVE OFFICER AND THE NEXT NINE MOST-HIGHLY COMPENSATED EMPLOYEES. THE COMPENSATION AND BENEFITS OF THE OTHER INDIVIDUALS CONTAINED IN THIS FORM 990 IS REVIEWED ANNUALLY BY THE PRESIDENT/CHIEF EXECUTIVE OFFICER WITH ASSISTANCE FROM THE ORGANIZATION'S HUMAN RESOURCES DEPARTMENT IN CONJUCTION WITH THE INDIVIDUAL'S JOB PERFORMANCE DURING THE YEAR AND IS BASED UPON OTHER OBJECTIVE FACTORS DESIGNED TO ENSURE THAT REASONABLE AND FAIR MARKET VALUE COMPENSATION IS PAID BY THE ORGANIZATION. OTHER OBJECTIVE FACTORS INCLUDE MARKET SURVEY DATA FOR COMPARABLE POSITIONS, INDIVIDUAL GOALS AND OBJECTIVES, PERSONNEL REVIEWS, EVALUATIONS, SELF-EVALUATIONS AND PERFORMANCE FEEDBACK MEETINGS. DISCLOSURE INFORMATION CORE FORM, PART VI, SECTION C; QUESTION 19 THE ORGANIZATION'S FILED CERTIFICATE OF INCORPORATION AND ANY AMENDMENTS CAN BE OBTAINED AND REVIEWED THROUGH THE STATE OF NEW JERSEY SECRETARY OF STATE. COMPENSATION INFORMATION DISCLOSURE CORE FORM, PART VII AND SCHEDULE J JOHN KELLY RETIRED FROM HIS POSITION AS PRESIDENT/CEO OF THE ORGANIZATION ON MAY 14, 2010. ANDREW FRIEDMAN WAS THE CHIEF FINANCIAL OFFICER/CHIEF OPERATING OFFICER OF THE ORGANIZATION FROM JULY 1, 2009 THROUGH MAY 14, 2010 AND WAS NAMED ACTING PRESIDENT/CEO OF THE ORGANIZATION ON MAY 15, 2010. AUDITED FINANCIAL STATEMENTS CORE FORM, PART XI; QUESTION 2 A BIG FOUR INDEPENDENT CPA FIRM AUDITED THE FINANCIAL STATEMENTS OF RECORDING FOR THE BLIND & DYSLEXIC, INC. AND ALL OF ITS SUBORDINATES AND LOCAL CHAPTERS FOR THE FISCAL YEARS ENDED JUNE 30, 2010 AND JUNE 30, 2009; RESPECTIVELY, AND ISSUED A CERTIFIED AUDITED FINANCIAL STATEMENT. AN UNQUALIFIED OPINION WAS ISSUED BY THE BIG FOUR INDEPENDENT CPA FIRM EACH YEAR. THE AUDIT COMMITTEE OF THE ORGANIZATION ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR. TRANSACTIONS WITH RELATED ORGANIZATIONS SCHEDULE R, PART V; QUESTION 2 AFFILIATES ARE GENERALLY CHARGED COST FOR SERVICES RENDERED. RECORDING FOR THE BLIND & DYSLEXIC INC 1844-C WEST 11TH STREET UPLAND CA 91786 951980926 VIS/AUD SVCS CA 501(C)(3) 509(a)(1) RFBD RECORDING FOR THE BLIND & DYSLEXIC INC 3500 REMSON COURT CHARLOTTESVILLE VA 22901 540684414 VIS/AUD SVCS VA 501(C)(3) 509(a)(1) RFBD RECORDING FOR THE BLIND & DYSLEXIC INC 205 BADGER ROAD OAK RIDGE TN 37830 620644866 VIS/AUD SVCS TN 501(C)(3) 509(a)(1) RFBD RECORDING FOR THE BLIND & DYSLEXIC INC 545 FIFTH AVENUE SUITE 1005 NEW YORK NY 10017 911960392 VIS/AUD SVCS NY 501(C)(3) 509(a)(1) RFBD RECORDING FOR THE BLIND & DYSLEXIC INC 55 PITTSFIELD ROAD LENOX MA 01240 042235137 VIS/AUD SVCS MA 501(C)(3) 509(a)(1) RFBD RECORDING FOR THE BLIND & DYSLEXIC INC 5225 WISCONSIN AVE NW STE 312 WASHINGTON DC 20015 521124361 VIS/AUD SVCS DC 501(C)(3) 509(a)(1) RFBD RECORDING FOR THE BLIND & DYSLEXIC INC 5022 HOLLYWOOD BOULEVARD LOS ANGELES CA 90027 951942111 VIS/AUD SVCS CA 501(C)(3) 509(a)(1) RFBD RECORDING FOR THE BLIND & DYSLEXIC INC 2067 MASSACHUSETTS AVENUE CAMBRIDGE MA 02140 043093352 VIS/AUD SVCS MA 501(C)(3) 509(a)(1) RFBD RECORDING FOR THE BLIND & DYSLEXIC INC 180 N MICHIGAN AVE STE 620 CHICAGO IL 60601 610549977 VIS/AUD SVCS IL 501(C)(3) 509(a)(1) RFBD RECORDING FOR THE BLIND & DYSLEXIC INC 180 N MICHIGAN AVE STE 620 CHICAGO IL 60601 381569380 VIS/AUD SVCS IL 501(C)(3) 509(a)(1) RFBD RECORDING FOR THE BLIND & DYSLEXIC INC 3627 E INDIAN SCH RD STE 108 PHOENIX AZ 85018 860174223 VIS/AUD SVCS AZ 501(C)(3) 509(a)(1) RFBD RECORDING FOR THE BLIND & DYSLEXIC INC 69 MAPLETON ROAD PRINCETON NJ 08540 210716112 VIS/AUD SVCS NJ 501(C)(3) 509(a)(1) RFBD RECORDING FOR THE BLIND & DYSLEXIC INC 2445 FABER PLACE SUITE 103 PALO ALTO CA 94303 941648440 VIS/AUD SVCS CA 501(C)(3) 509(a)(1) RFBD RECORDING FOR THE BLIND & DYSLEXIC INC 777 GLADES ROAD BOCA RATON FL 33431 590868554 VIS/AUD SVCS FL 501(C)(3) 509(a)(1) RFBD RECORDING FOR THE BLIND & DYSLEXIC INC 215 W CHURCH ROAD SUITE 111 KING OF PRUSSIA PA 19406 232526387 VIS/AUD SVCS PA 501(C)(3) 509(a)(1) RFBD RECORDING FOR THE BLIND & DYSLEXIC INC 180 N MICHIGAN AVE SUITE 620 CHICAGO IL 60601 362376977 VIS/AUD SVCS IL 501(C)(3) 509(a)(1) RFBD RECORDING FOR THE BLIND & DYSLEXIC INC 5638 HOLLISTER AVE SUITE 210 GOLETA CA 93117 953408974 VIS/AUD SVCS CA 501(C)(3) 509(a)(1) RFBD RECORDING FOR THE BLIND & DYSLEXIC INC 1355 S COLORADO BLVD STE C-406 DENVER CO 80222 840457071 VIS/AUD SVCS CO 501(C)(3) 509(a)(1) RFBD RECORDING FOR THE BLIND & DYSLEXIC INC 2067 MASSACHUSETTS AVENUE CAMBRIDGE MA 02140 060743370 VIS/AUD SVCS MA 501(C)(3) 509(a)(1) RFBD RECORDING FOR THE BLIND & DYSLEXIC INC 1314 W 45TH STREET AUSTIN TX 78756 741760086 VIS/AUD SVCS TX 501(C)(3) 509(a)(1) RFBD RECORDING FOR THE BLIND & DYSLEXIC INC 120 FLORIDA AVENUE ATHENS GA 30605 580899523 VIS/AUD SVCS GA 501(C)(3) 509(a)(1) RFBD false false true false false false false false false false false true true true true false false false RFBD INC - SUBORDINATES C,L,M