National Braille Press Inc. The guiding purposes are to promote the literacy of blind children

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1 04/01/13 03/31/14 Check if applicable: Address change Name change Initial return Terminated Amended return Application pending Form of organization: 88 St. Stephen Street Gross receipts$ Is this a group return for subordinates? Yes Yes through braille and to provide access to information that empowers blind people to actively engage in work, family, and community affairs. Prior Year 460,114 National Braille Press Inc. Boston MA Brian MacDonald, President 88 St. Stephen Street Boston MA Beginning of Current Year ,924,041 Corporation Trust Association Other Year of formation: 1929 State of legal domicile: MA The guiding purposes are to promote the literacy of blind children Current Year No No 0 0 1,037, ,329 2,799,262 2,512, , , ,079,438 3,948, ,572,598 2,420, ,794,502 1,515,850 4,367,100 3,936, ,662 12,281 End of Year 6,635,638 6,580, , ,635 6,050,269 6,066,456 Brian MacDonald Mocera, Visconti & Company CPAs LLP President James J. Mocera, CPA 10/21/14 P W Cummings Park Ste 6850 Woburn, MA

2 The guiding purposes are to promote the literacy of blind children through braille and to provide access to information that empowers blind people to actively engage in work, family, and community affairs. 77,664 Promotes literacy for young blind children through the readbooks programs. 198,445 Produces tests and textbooks for use in schools so visually impaired students can have the same materials as all other students. 2,259,863 Produces publications and books in braille to benefit visually impaired individuals who rely on these publications to keep abreast of current events and other information. 264,891 2,800,863

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6 26 Susan Challis 88 St. Stephen St. Boston MA MA 26

7 William Raeder , Christopher Cavallerano David S. Kennedy Chris Babcock Deane Blazie George Maley Jon Gopelrud Tara Gearhart Paul McLaughlin Karl Belanger Lotfi Merabet Clerk Vice Chair

8 Marcy Scott Neal Rosen Treasurer Jim Barrows Paul Parravano Chair Matthew Sullivan Shelly O'Neill Clifford Watkin JoAnn Becker , ,502 20, ,910 20,959 1 (A) (B) Name and business address Description of services (C) Compensation 0

9 Michael Brown Jayne Donahue Gregory Fowler Timothy W. Fulham Julie Pierog Francis West Sue Ammeter Brian MacDonald , , ,502 20,959 President (A) (B) Name and business address Description of services (C) Compensation

10 Government grants (contributions) All other contributions, gifts, grants, and similar amounts not included above Noncash contributions included in lines 1a-1f: 758,766 14,321 Less: rental exps. Rental inc. or (loss) Gross amount from sales of assets other than inventory 2,133,430 22,356 Less: cost or other basis & sales exps. 1,768, ,739 22,356 Gross income from fundraising events (not including 207,563 of contributions reported on line 1c). See Part IV, line , ,554 Gross income from gaming activities. See Part IV, line , ,329 Education Services 1,178,295 1,178,295 Contract Revenue 1,110,742 1,110,742 Publication Sales 223, ,172 2,512,209 83,163 83, , ,739 22,356 3,948,796 2,876, ,519

11 Grants and other assistance to governments and organizations in the U.S. See Part IV, line 21 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) Professional fundraising services. See Part IV, line 17 Other. (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O.) Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.) Total functional expenses. Add lines 1 through 24e Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC ) 154, ,233 26,248 22,981 1,791,819 1,220, , ,573 68,106 41,981 11,524 14, , ,361 44,624 29, , ,436 24,833 22,807 31,120 27,834 3,286 68, ,637 38,896 24,414 10,796 3,686 9,325 4,479 4,846 77,130 37,112 40,018 Braille production costs 929, , ,751 Touch of Genius 47,523 47,523 Supplies 35,420 35,420 Professional/Admin 33,059 33, , ,431 67,064 62,498 3,936,515 2,800, , ,114

12 52, , , ,088 57,758 46, , , , ,941 59,457 30,883 2,110,157 1,227, ,973 4,375, ,843 4,421, ,977 92,248 6,635,638 6,580, , ,320 21,870 78, , ,240 33,863 22, , ,635 5,834,325 5,817, , ,317 6,050,269 6,066,456 6,635,638 6,580,091

13 3,948,796 3,936,515 12,281 6,050,269 3,906 6,066,456

14 (Form 990 or 990-EZ) Information about Schedule A (Form 990 or 990-EZ) and its instructions is at 11g(i) 11g(ii) 11g(iii) (iv) Is the organization in col. (i) listed in your governing document? (v) Did you notify the organization in col. (i) of your support? (vi) Is the organization in col. (i) organized in the U.S.?

15 Calendar year (or fiscal year beginning in) Public support. Subtract line 5 from line 4. Calendar year (or fiscal year beginning in)

16 Calendar year (or fiscal year beginning in) Gifts, grants, contributions, and membership fees received. (Do not include any "unusual Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization s tax-exempt purpose Gross receipts from activities that are not an unrelated trade or business under section 513 Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year Calendar year (or fiscal year beginning in) grants.") Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources 847,491 1,253,926 1,229,568 1,037, ,329 5,334,495 2,487,844 2,562,504 3,032,983 2,996,528 2,718,763 13,798,622 3,335,335 3,816,430 4,262,551 4,033,709 3,685,092 19,133, , , , ,125 18,971,992 3,335,335 3,816,430 4,262,551 4,033,709 3,685,092 19,133,117 84,938 71,050 72,560 92,158 83, ,869 84,938 71,050 72,560 92,158 83, ,869 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on 3,420,273 3,887,480 4,335,111 4,125,867 3,768,255 19,536,

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19 ,545, , , ,088 32,464 4,638,471 4,370, , , ,597 30,642 4,545,078 4,481, ,628 63, ,734 26,862 4,370,661 4,336, , ,555 1,053,494 24,076 4,481,154 3,679, ,667 1,030, ,925 28,650 4,336,897 33,950 33,950 1,304, , , , , , ,843

20 Gift Annuity Liability 22,872 22,872

21 3,906 3,952,702 3,906 3,948,796 3,948,796 3,936,515 3,936,515 3,936,515 Part - FIN 48 Footnote The Financial Accounting Standards Board (FASB) issued ASC Topic 740, "Income taxes" (ASC 740). ASC 740 clarifies the accounting for income taxes by prescribing a minimum probability threshold that a tax position must meet before a financial statement benefit is recognized. The minimum threshold is defined in ASC 740 as a tax position that is more likely than not to be sustained upon examination by the applicable tax authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. The uncertain tax position standard must be applied to all existing tax positions upon initial adoption. The cumulative effect of applying this standard at adoption, if any, is to be reported as an adjustment to net assets for the year of adoption.

22 As of March 31, 2014, the Organization had no material unrecognized tax benefits and no adjustments to liabilities or operations were required under ASC 740. The Organization's practice was and continues to be to recognize interest and penalty expenses related to uncertain tax positions in income tax expense, which were zero for the year ended March 31, Typically, the Organization's three preceding tax years are subject to examination by federal and state taxing authorities. There are no income tax examinations currently in process. The Organization evaluates its uncertain tax positions using the provisions of the Accounting Standards Codification ("ASC") 450, Contingencies. Accordingly, a loss contingency is recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of the loss can be reasonably estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from the amount recognized.

23 (iii) Did fund- raiser have custody or control of contributions? All states

24 Gala Event None Gross income (line 1 minus line 2) 414, , , , , , , , ,554

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27 Brian MacDonald 133, , ,461 0 President

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29 Form 990, Part III, Line 4d - All Other Accomplishment Promote awareness and provide information concerning the visually impaired. Form 990, Part VI, Line 7a - Election of Members and Their Rights Yes, trustees can elect members and officers. Form 990, Part VI, Line 7b - Decisions Subject to Approval of Members Yes, by trustee vote. Form 990, Part VI, Line 11b - Organization's Process to Review Form 990 A copy of Form 990 is provided to the President and Controller of the Organization. The 990 is also provided to and reviewed by all trustees of the Organization for approval before the return is filed, including the fiscal and audit committee. Form 990, Part VI, Line 12c - Enforcement of Conflicts Policy Organization requires trustee and staff members to complete annual acknowledgment form confirming receipt and that any required disclosures have been or will be made. Form 990, Part VI, Line 15a - Compensation Process for Top Official s review salaries of the executive director and key employees, and use comparable salary ranges from non-profit industry sources.

30 Form 990, Part VI, Line 15b - Compensation Process for Officers s review salaries of the executive director and key employees, and use comparable salary ranges from non-profit industry sources. Form 990, Part VI, Line 19 - Governing Documents Disclosure Explanation Through Attorney General's website for the Commonwealth of Massachusetts and upon request.

31 04/01/13 03/31/14 1,037, ,329-70,852 2,799,262 2,512, ,053 92,158 83,163-8, , , ,258 4,079,438 3,948, ,642 2,502,464 2,420,665-81,799 66,544 68,786 2,242 81,278 77,130-4,148 1,646,680 1,369, ,746 4,296,966 3,936, , ,528 12, ,809 4,079,438 3,948, ,642 4,079,438 3,948, ,642 6,635,638 6,580,091-55, , ,635-71,734 6,050,269 6,066,456 16,

32 04/01/13 03/31/14 Interest, and other income from controlled organizations (net of expense) Investment income of specific organizations (net of expense) Combine lines 1 through 10 1,000 1,000-1,000-1,000

33 1,037,181 2,799, ,837 92,158 4,079,438 2,572,598 66,544 81,278 1,646,680 4,367, , ,329 2,512, ,095 83,163 3,948,796 2,420,665 68,786 77,130 1,369,934 3,936,515 12,281 4,079,438 4,079,438 6,635, ,369 6,050,269 3,948,796 3,948,796 6,580, ,635 6,066,456

34 Controlled organizations income/interest* Investment income, specific organizations*

35 Income after expense and deductions 1,000-1,000 1,000-1,000

36 Dividends from investments $ 81, MA Dividends and interest income Interest income 1, MA MA Total $ 83,163

37 Miscellaneous $ 32,700 $ 4,727 $ 19 $ 27,954 Custodial Fee 32,460 32,460 Postage 31,030 17,760 9,044 4,226 Website Development 28,098 28,098 Subcontractors 26,840 26,840 Bank service charges 22,134 22,134 Public Education 18,467 18,467 Program Development 15,135 15,135 Telephone 14,939 14,939 Raw Goods Wharehouse 10,263 10,263 Dues & Subscriptions 6, ,605 2,220 Website 5,992 5,992 Bad debts 5 5 Total $ 244,993 $ 115,431 $ 67,064 $ 62,498

38 Contract Revenue $ 1,110,742 Education Services 1,178,295 Publication Sales 223,172 Gala Event 206,554 Total $ 2,718,763

39 $ $ , ,125 Total $ 200,000 $ 161,125

40 Dividends from investments $ 81,555 Dividends and interest income 1,458 Interest income 150 Total $ 83,163

41 04/01/13 03/31/14 National Braille Press Inc /16/ /17/14