Overview
What is Business Opportunities For The Blind Inc?
Business Opportunities For The Blind Inc., headquartered in Henrico, Virginia, serves as an agent for the Department for the Blind and Vision Impaired. Their primary role is to provide management services for blind licensees under the Randolph-Sheppard program, overseeing various aspects of vendor operations such as business and health insurance, and deferred compensation plan funds. Additionally, they manage accounts for the VA Highway Vending Operations. The organization, with a team of 11 individuals, acts as a crucial support system, facilitating opportunities for the blind community in their entrepreneurial endeavors.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94%, Four-Star out of Four Star rating.
Business Opportunities For The Blind Inc has achieved a high rating of 94% from Charity Navigator, reflecting its strong performance in accountability and finance. The organization earned a full score in several key areas, including having a fully independent board and transparent financial practices. These factors contribute to its credibility and reliability as a nonprofit.
The organization demonstrates a solid commitment to operational integrity, as evidenced by its policies on conflict of interest and whistleblowing, both of which are fully documented. Additionally, it maintains a low liabilities to assets ratio, indicating financial stability, and a high program expense ratio, suggesting that a significant portion of its funding directly supports its mission.
While the data does not indicate any major weaknesses or areas of concern, the focus on accountability and finance means that potential donors may want to explore the organization's programmatic impact further to ensure their contributions align with their philanthropic goals.
This AI summary has been generated from information found on Charity Navigator.
Is Business Opportunities For The Blind Inc legitimate?
Business Opportunities For The Blind Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Business Opportunities For The Blind Inc 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: $193,066
Professional Fundraising Fees: $0
Other Salaries and Wages: $457,040
For more financial information, click here
What is the mission statement of Business Opportunities For The Blind Inc?
Business Opportunities For The Blind Inc serves as an agent to the Department for the Blind and Vision Impaired, providing services to blind licensees under the Randolph-Sheppard Program. Their primary mission is to manage various aspects of vendor operations for these licensees, ensuring smooth business and financial management. This includes handling business and health insurance, as well as deferred compensation plan funds. Moreover, they maintain accounts for the VA Highway Vending Operations, demonstrating their commitment to supporting the financial well-being of blind entrepreneurs participating in the Randolph-Sheppard Program.
Who is the CEO of Business Opportunities For The Blind Inc?
Lindsey Dawson is the Accounting Manager of Business Opportunities For The Blind Inc.
What is the revenue of Business Opportunities For The Blind Inc?
Business Opportunities For The Blind Inc's revenue in 2022 was $3,162,870.
Who are the executives of Business Opportunities For The Blind Inc and what are their salaries?
The average compensation at Business Opportunities For The Blind Inc during 2022 was $59,101. There are 11 employees at Business Opportunities For The Blind Inc.
Here are 11 key members and their salaries:
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- Compensation: $94,006
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- Other: $5,641
- Compensation: $64,900
- Related: $0
- Other: $7,561
Where can I find the form 990 for Business Opportunities For The Blind Inc?
Business Opportunities For The Blind Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Business Opportunities For The Blind Inc
Business Opportunities For The Blind Inc, functioning as an agent to the Department for the Blind and Vision Impaired, plays a crucial role in providing services to blind licensees under the Randolph-Sheppard Program. This mission involves managing various aspects of vendor operations for these licensees, ensuring the smooth running of their businesses. The organization is responsible for maintaining business and health insurance funds, as well as deferred compensation plan accounts, specifically for the VA Highway Vending Operations. By performing these management services, Business Opportunities For The Blind Inc contributes significantly to the success and sustainability of these blind-owned businesses, thereby empowering the visually impaired community in their entrepreneurial endeavors.
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Impact
July, 2024
Business Opportunities For The Blind Inc, serves as an agent to the Department for the Blind and Vision Impaired in providing vital services to blind licensees under the Randolph-Sheppard program. By managing all aspects of vendor operations, maintaining business and health insurance, as well as overseeing deferred compensation plan funds, this organization plays a crucial role in supporting the VA highway vending operations. Through their mission-driven work, they contribute to empowering blind individuals to achieve economic independence and success in their chosen enterprises.
This information is meant to be a general summary of Business Opportunities For The Blind Inc. 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: $4,991
- Program Service Revenue: $3,157,879
- Gross Receipts: $3,162,870
Assets and Liabilities:
- Total Assets: $4,301,602
- Total Liabilities: $129,104
- Net Assets: $4,172,498
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VA HWY VENDING INCOME
Revenue
$2,504,167
FEDERAL VENDING INCOME
Revenue
$292,532
UNASSIGNED VENDING INC
Revenue
$186,140
SET ASIDE REVENUE
Revenue
$175,040
Organization Details
Founding Year
1957
Phone
(804) 262-7806Principal Officer
Lindsey Dawson
Main Address
5904 SCHOOL AVENUE, HENRICO, VA, 232285446
NTEE Category
Code: P860 - Human services
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