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 02115 Brian MacDonald, President 88 St. Stephen Street Boston MA 02115 Beginning of Current Year 04-2104740 617-266-6160 5,924,041 www.nbp.org 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 26 26 55 300 No No 0 0 1,037,181 966,329 2,799,262 2,512,209 242,995 470,258 0 4,079,438 3,948,796 00 2,572,598 2,420,665 0 1,794,502 1,515,850 4,367,100 3,936,515-287,662 12,281 End of Year 6,635,638 6,580,091 585,369 513,635 6,050,269 6,066,456 Brian MacDonald Mocera, Visconti & Company CPAs LLP 43-1968600 President James J. Mocera, CPA 10/21/14 P00240505 400 W Cummings Park Ste 6850 Woburn, MA 01801-6511 781-933-0360
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
55 42 0
26 Susan Challis 88 St. Stephen St. Boston MA 02115 617-266-6160 MA 26
William Raeder 0.00 12,408 0 0 Christopher Cavallerano 0.00 0 0 0 David S. Kennedy 0.00 0 0 0 Chris Babcock 0.00 0 0 0 Deane Blazie 0.00 0 0 0 George Maley 0.00 0 0 0 Jon Gopelrud 0.00 0 0 0 Tara Gearhart 0.00 0 0 0 Paul McLaughlin 0.00 0 0 0 Karl Belanger 0.00 0 0 0 Lotfi Merabet 0.00 0 0 0 Clerk Vice Chair
Marcy Scott Neal Rosen Treasurer Jim Barrows Paul Parravano Chair Matthew Sullivan Shelly O'Neill Clifford Watkin JoAnn Becker 0.00 0 0 0 0.00 0 0 0 0.00 0 0 0 0.00 0 0 0 0.00 0 0 0 0.00 0 0 0 0.00 0 0 0 0.00 0 0 0 12,408 133,502 20,959 145,910 20,959 1 (A) (B) Name and business address Description of services (C) Compensation 0
Michael Brown 0.00 0 0 0 Jayne Donahue 0.00 0 0 0 Gregory Fowler 0.00 0 0 0 Timothy W. Fulham 0.00 0 0 0 Julie Pierog 0.00 0 0 0 Francis West 0.00 0 0 0 Sue Ammeter 0.00 0 0 0 Brian MacDonald 40.00 0.00 133,502 0 20,959 133,502 20,959 President (A) (B) Name and business address Description of services (C) Compensation
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. 1,768,691 364,739 22,356 Gross income from fundraising events (not including 207,563 of contributions reported on line 1c). See Part IV, line 18 206,554 206,554 Gross income from gaming activities. See Part IV, line 19 207,563 966,329 Education Services 1,178,295 1,178,295 Contract Revenue 1,110,742 1,110,742 Publication Sales 223,172 223,172 2,512,209 83,163 83,163 387,095 364,739 22,356 3,948,796 2,876,948 0 105,519
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 958-720) 154,462 105,233 26,248 22,981 1,791,819 1,220,751 304,495 266,573 68,106 41,981 11,524 14,601 253,202 179,361 44,624 29,217 153,076 105,436 24,833 22,807 31,120 27,834 3,286 68,786 149 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 929,598 891,159 688 37,751 Touch of Genius 47,523 47,523 Supplies 35,420 35,420 Professional/Admin 33,059 33,059 244,993 115,431 67,064 62,498 3,936,515 2,800,863 675,538 460,114
52,416 136,614 118,984 167,088 57,758 46,685 595,125 496,056 299,082 305,941 59,457 30,883 2,110,157 1,227,314 959,973 4,375,866 882,843 4,421,733 116,977 92,248 6,635,638 6,580,091 222,396 209,320 21,870 78,203 307,240 203,240 33,863 22,872 585,369 513,635 5,834,325 5,817,139 215,944 249,317 6,050,269 6,066,456 6,635,638 6,580,091
3,948,796 3,936,515 12,281 6,050,269 3,906 6,066,456
(Form 990 or 990-EZ) Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990. 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.?
Calendar year (or fiscal year beginning in) Public support. Subtract line 5 from line 4. Calendar year (or fiscal year beginning in)
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 1,037,181 966,329 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 19,133,117 161,125 161,125 161,125 161,125 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 83,163 403,869 84,938 71,050 72,560 92,158 83,163 403,869 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 19,536,986 97.11 96.94 2 2
94.63 5.37 4,545,078 308,016 462,929 645,088 32,464 4,638,471 4,370,661 409,343 344,313 548,597 30,642 4,545,078 4,481,154 550,628 63,475 697,734 26,862 4,370,661 4,336,897 757,272 464,555 1,053,494 24,076 4,481,154 3,679,745 472,667 1,030,060 816,925 28,650 4,336,897 33,950 33,950 1,304,183 627,564 676,619 772,024 599,750 172,274 882,843
Gift Annuity Liability 22,872 22,872
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.
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, 2014. 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.
(iii) Did fund- raiser have custody or control of contributions? All states
Gala Event None Gross income (line 1 minus line 2) 414,117 414,117 207,563 207,563 206,554 206,554 206,554 206,554 206,554
Brian MacDonald 133,502 0 0 20,959 0 154,461 0 President 0 0 0 0 0 0 0
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.
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.
04/01/13 03/31/14 1,037,181 966,329-70,852 2,799,262 2,512,209-287,053 92,158 83,163-8,995 150,837 387,095 236,258 4,079,438 3,948,796-130,642 2,502,464 2,420,665-81,799 66,544 68,786 2,242 81,278 77,130-4,148 1,646,680 1,369,934-276,746 4,296,966 3,936,515-360,451-217,528 12,281 229,809 4,079,438 3,948,796-130,642 4,079,438 3,948,796-130,642 6,635,638 6,580,091-55,547 585,369 513,635-71,734 6,050,269 6,066,456 16,187 25 26 25 26 57 55 300 300
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
1,037,181 2,799,262 150,837 92,158 4,079,438 2,572,598 66,544 81,278 1,646,680 4,367,100-287,662 966,329 2,512,209 387,095 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 6,635,638 585,369 6,050,269 3,948,796 3,948,796 6,580,091 513,635 6,066,456
Controlled organizations income/interest* Investment income, specific organizations*
Income after expense and deductions 1,000-1,000 1,000-1,000
Dividends from investments $ 81,555 14 MA Dividends and interest income Interest income 1,458 14 MA 150 14 MA Total $ 83,163
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 6,930 105 4,605 2,220 Website 5,992 5,992 Bad debts 5 5 Total $ 244,993 $ 115,431 $ 67,064 $ 62,498
Contract Revenue $ 1,110,742 Education Services 1,178,295 Publication Sales 223,172 Gala Event 206,554 Total $ 2,718,763
$ $ 2010 200,000 161,125 Total $ 200,000 $ 161,125
Dividends from investments $ 81,555 Dividends and interest income 1,458 Interest income 150 Total $ 83,163
04/01/13 03/31/14 National Braille Press Inc. 04-2104740 1.000000 06/16/14 500 11/17/14