Overview
What is National Industries For The Blind?
National Industries For The Blind (NIB) is a nonprofit organization based in Alexandria, Virginia. In fiscal year 2022, they employed 3,732 individuals who are blind, including veterans, and generated 142 new job opportunities through product manufacturing and service delivery. NIB continues to expand its Career Opportunities in the Professional Services (Cops) Training Program, now offering courses tailored to closing grants and cooperative agreements. This expansion has led to an increased customer base, serving universities, colleges, hospitals, and large private-sector government contractors. In fiscal year 2022, 380 people who are blind were promoted or obtained competitive positions, thanks to NIB's training and rehabilitation services. The organization's mission is to improve the economic and personal independence of people who are blind by creating, sustaining, and enhancing employment opportunities.
Official website here: www.nib.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
National Industries For The Blind has received a Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance. The organization boasts an impressive 89% score in these categories, indicating robust financial practices and management oversight. Key strengths include a majority independent board of directors, a comprehensive audit and oversight committee, and well-documented policies regarding conflict of interest and whistleblower protections.
The charity allocates a significant portion of its budget to program expenses, with an impressive program expense ratio of 83.31%. This suggests that the majority of funds are directed towards fulfilling its mission rather than administrative costs. Additionally, the absence of material diversion of assets highlights the organization's financial integrity and commitment to its objectives.
However, the organization faces a challenge with its liabilities to assets ratio, which stands at 59.32%. While this is not uncommon, it may indicate a greater reliance on debt compared to its assets. Overall, National Industries For The Blind demonstrates a solid operational foundation, but continuous monitoring of financial health and liabilities will be essential for sustained effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about National Industries For The Blind?
92% of reviewers on Facebook recommend National Industries for the Blind. Here is a summary of their reviews:
The organization has received positive feedback for its supportive services, particularly for individuals with visual impairments. One user highlighted the helpfulness experienced in navigating resources for their blind grandson, indicating a strong commitment to assisting families and individuals affected by blindness.
Overall, there is a noticeable sentiment of appreciation for the nonprofit's initiatives and the assistance it offers, suggesting that it effectively delivers on its mission to support the blind community.
This AI summary has been generated from reviews found on Facebook.
Is National Industries For The Blind legitimate?
National Industries For The Blind is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Industries For The Blind submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,511,291
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,456,829
For more financial information, click here
Official website here: www.nib.org
What is the mission statement of National Industries For The Blind?
The National Industries For The Blind is dedicated to enhancing the opportunities for the economic and personal independence of people who are blind. They primarily achieve this goal by creating, sustaining, and improving employment. In the fiscal year 2022, the organization employed 3,732 blind individuals, including veterans, and generated 142 new job opportunities through product manufacturing and service delivery. The NIB continues to invest in career opportunities in the professional services fields, expanding its Contract Management Support (CMS) training program to include training for closing grants and cooperative agreements. As a result, in fiscal 2022, 380 blind individuals obtained competitive positions within NIB associated agencies or their communities due to training and rehabilitation services.
Official website here: www.nib.org
Who is the CEO of National Industries For The Blind?
Kevin A Lynch is the Chair of National Industries For The Blind. The CEO's salary of National Industries For The Blind is $450,129 and their total compensation is $489,441.
Official website here: www.nib.org
What is the revenue of National Industries For The Blind?
National Industries For The Blind's revenue in 2022 was $36,062,795.
Official website here: www.nib.org
Who are the executives of National Industries For The Blind and what are their salaries?
The average compensation at National Industries For The Blind during 2022 was $97,518. There are 174 employees and 18 volunteers at National Industries For The Blind.
Here are 30 key members and their salaries (National Industries For The Blind's CEO's salary is $450,129 and their total compensation is $489,441):
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- Compensation: $450,129
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- Other: $39,312
- Compensation: $323,481
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- Compensation: $290,553
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- Compensation: $216,282
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- Compensation: $205,059
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- Compensation: $204,571
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- Other: $43,236
- Compensation: $191,629
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- Other: $36,513
- Compensation: $181,579
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- Other: $27,386
- Compensation: $176,402
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- Other: $19,356
Official website here: www.nib.org
Where can I find the form 990 for National Industries For The Blind?
National Industries For The Blind's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nib.org
Learn more at the official website: www.nib.org
Mission Statement of National Industries For The Blind
National Industries for the Blind (NIB) is a mission-driven organization dedicated to enhancing the economic and personal independence of people who are blind. Through its various activities, the organization primarily achieves this goal by creating, sustaining, and improving employment opportunities.
In the fiscal year 2022, NIB and its associated nonprofit agencies employed 3,732 people who are blind, including veterans, and generated 142 new job opportunities through product manufacturing and service delivery. The organization's commitment to career growth is evident in its investment in professional services fields. NIB expanded its Contract Management Support (CMS) Training Program to include training focused on the closure of grants and cooperative agreements. This expansion broadened the CMS customer base, reaching universities, colleges, hospitals, and large private-sector government contractors.
The success of NIB's efforts in fiscal 2022 led to the promotion or acquisition of competitive positions by 380 people who are blind within NIB associated agencies or their communities, thanks to the training and rehabilitation services provided by the organization. NIB's unwavering dedication to empowering people who are blind through employment opportunities ultimately contributes to their self-sufficiency and overall well-being.
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Impact
October, 2024
National Industries for the Blind (NIB) has significantly impacted the lives of individuals who are blind, including veterans, by creating and sustaining employment opportunities. In fiscal 2022, NIB and its affiliated agencies employed 3,732 people who are blind, generating 142 new job opportunities through product manufacturing and service delivery. The organization invested in career development by expanding its Contract Management Support (CMS) training program, enabling more individuals to secure positions in professional services fields.
This effort led to 380 individuals being promoted or obtaining competitive positions thanks to NIB's training and rehabilitation services. NIB's mission focuses on enhancing personal and economic independence for people who are blind, demonstrating a commitment to improving employment outcomes and fostering a more inclusive workforce.
This information is meant to be a general summary of National Industries For The Blind. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,186,945
- Program Service Revenue: $30,992,415
- Gross Receipts: $112,745,493
Assets and Liabilities:
- Total Assets: $94,666,603
- Total Liabilities: $53,746,433
- Net Assets: $40,920,170
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ABILITYONE PROGRAM FEE
Revenue
$29,263,712
DISTRIBUTION SVCS FEES
Revenue
$1,693,917
Organization Details
Founding Year
1938
Phone
(703) 310-0500Principal Officer
Kevin A Lynch
Main Address
3000 POTOMAC AVENUE, ALEXANDRIA, VA, 22305
Website
www.nib.orgNTEE Category
Code: J30 - Employment
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