Better Business Bureau Report for
Visually Impaired Preschool Services

Better Business Bureau Report issued February 2013
Better Business Bureau Report expires February 2015


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: Visually Impaired Preschool Services (VIPS) empowers families by providing educational excellence to young children with visual impairments in order to build a strong foundation for reaching their highest potential.

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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, 2013, VIPS's program expenses were:

  
Preschool Services Program 1,073,370
Total Program Expenses: $1,073,370
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Governance

              

Chief Executive : Diane M. Nelson, Executive Director
Compensation*: 

Chair of the Board: Jay C. Hatcher
Chair's Profession / Business Affiliation: Learning House

Board Size: 30

Paid Staff Size: 25

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Fund Raising

              

Method(s) Used:

Methods of fund raising include direct mail, invitations to fund raising events, print advertisements, television, radio, grant proposals, internet, planned giving arrangements, and cause-related marketing.

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

Fund raising costs were 26% of related contributions. (Related contributions, which totaled $862,215, 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 VIPS's audited financial statements for the fiscal year ended June 30, 2013.

Ending net assets as reported below include $2,465,647 in unrestricted net assets , $359,845 in temporarily restricted net assets, and $62,707 in permanently restricted net assets.

Total assets as reported include $2,166,278 invested in land, building and equipment.



Source of Funds  
Contributions 634,412
Satisfaction of Other Program & Time Restrictions 467,437
Fees 334,215
United Way and Crusade Grants 221,303
Local Government Grant 6,500
Interest Income 443
Total Income $1,664,310


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Uses of Funds as a % of Total Expenses

Programs: 69%  Fund Raising: 14%  Administrative: 17% 

Total income $1,664,310
Program expenses $1,073,370
Fund raising expenses 224,514
Administrative expenses 271,696
Total expenses $1,569,580
Income in Excess of Expenses 94,730
Beginning net assets 2,807,371
Other Changes in Net Assets (13,902)
Ending net assets 2,888,199
Total liabilities 128,965
Total assets $3,017,164

This report was originally issued in February 2013. Financial information was updated in March 2014.

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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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