Better Business Bureau Report for
Visually Impaired Preschool Services

Better Business Bureau Report issued March 2011
Better Business Bureau Report expires March 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Visually Impaired Preschool Services
Address: 1906 Goldsmith Lane
  Louisville, KY 40218
Phone: 502-636-3207
Web Address: www.vips.org
Also known as:VIPS
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Better Business Bureau Comments

Year, State Incorporated: 1985, Kentucky
Affiliates: None
Stated Purpose: The mission of Visually Impaired Preschool Services, Inc. (VIPS) is to offer appropriate services to infants, toddlers, and preschoolers who are visually impaired and to their families; to maximize each child's development potential through direct services, advocacy, and community education.

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Evaluation Conclusions

               

Visually Impaired Preschool Services (VIPS) meets the 20 Standards for Charity Accountability.
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Programs

               

Visually Impaired Preschool Services provides a variety of educational and support services for blind and visually impaired children and their families including -- in-home early intervention --consultation to preschools and childcare centers --parent and infant classes --two year old toddler classes -- preschool classes, -- a family retreat weekend, and --an array of summer programs and other parent activities.

For the fiscal year ended June 30, 2011, VIPS's program expenses were:

  
Preschool Services Program 977,653
Total Program Expenses: $977,653
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Governance

               

Chief Executive : Diane M. Nelson, Executive Director
Compensation*:
 $85,000

Chair of the Board: Terri Connolly
Chair's Profession / Business Affiliation: Community Volunteer

Board Size: 30

Paid Staff Size: 23

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Fund raising methods include direct mail, invitations to fund raising events, grant proposals, internet, and cause-related marketing.

In addition, Visually Impaired Preschool Services of Greater Louisville is a Metro United Way member agency.

Fund raising costs were 29% of related contributions. (Related contributions, which totaled $645,164, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on the Visually Impaired Preschool Services’s audited financial statements for the year that ended June 30, 2011.

Ending net assets as reported below include $2,334,817 in unrestricted net assets , $368,407 in temporarily restricted net assets, and $9,694 in permanently restricted net assets.

Total assets as reported include $2,322,270 invested in land, building and equipment.



Source of Funds  
Contributions 647,898
Fees 315,972
Satisfaction of other Program & Time Restrictions 235,091
United Way & Crusade for Children 176,785
Satisfaction of Asset Acquisition Restrictions 1,965
Interest Income 204
Loss on disposal of fixed assets -5,255
Total Income $1,372,660


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Uses of Funds as a % of Total Expenses

Programs: 69%  Fund Raising: 13%  Administrative: 18% 

Total income   $1,372,660
  Program expenses $977,653
  Fund raising expenses 180,933
  Administrative expenses 248,761
 
Total expenses   $1,407,347
Expenses in Excess of Income   (34,687)
Beginning net assets   2,710,664
Other Changes in Net Assets 36,941
Ending net assets   2,712,918
Total liabilities   173,904
Total assets   $2,886,822

This report was originally issued in March 2011. Financial information in the report was updated in March 2012.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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