THE BOSMA VISIONARY OPPORTUNITIES FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

THE BOSMA VISIONARY OPPORTUNITIES FOUNDATION INC

EIN 26-4808603 · Human Services (P118)

What they do

THE BOSMA VISIONARY OPPORTUNITIES FOUNDATION, INC. PROVIDES SUPPORT for BOSMA INDUSTRIES for THE BLIND, INC. SUCH ORGANIZATION CREATES OPPORTUNITIES for PEOPLE WHO ARE BLIND or VISUALLY IMPAIRED.

Before you give

Should I give to this charity?

Easy charity check

The spending raises an important question

Of every $100 spent, about $21.30 was reported for mission work and $55.70 for fundraising. Understand this before you give.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

1.98%of revenue went to mission work21.3% of expenses · Program services

5.17%of revenue went to fundraising55.7% of expenses

$9.29spent for every $100 of revenueRevenue covered expenses this year.

2.14%of revenue went to management and office costs23.0% of expenses

$26.89in assets for every $1 spent this yearSome assets cannot be spent right away.

91.4%of its money came from giftsOther money may come from services or investments.

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Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $30,668 for TERESA WATSON (CFO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$12,004,752

Mission workProgram services$237,6961.98% of revenue21.3% of expenses

ManagementOffice and general costs$256,8462.14% of revenue23.0% of expenses

FundraisingAsking for donations$621,2295.17% of revenue55.7% of expenses

Revenue left after expensesReported annual surplus$10,888,98190.71% of revenueShown in gray on the chart

Total expenses$1,115,7719.29% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Pause before giving. This filing reports that 55.7% of spending went to fundraising and 21.3% went to mission work. Ask the charity to explain these numbers and show recent results.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 21.3% mission · 23.0% management · 55.7% fundraisingTotal expenses: 9.29% of revenue

2023Expense mix: 22.7% mission · 16.7% management · 60.6% fundraisingTotal expenses: 28.02% of revenue

2022Expense mix: 21.5% mission · 15.4% management · 63.1% fundraisingTotal expenses: 52.82% of revenue

2021Expense mix: 20.5% mission · 12.1% management · 67.3% fundraisingTotal expenses: 73.33% of revenue

2020Expense mix: 6.5% mission · 15.9% management · 77.6% fundraisingTotal expenses: 44.60% of revenue

2019Expense mix: 59.9% mission · 11.1% management · 29.0% fundraisingTotal expenses: 163.42% of revenue

2018Expense mix: 63.3% mission · 9.7% management · 27.0% fundraisingTotal expenses: 104.15% of revenue

2017Expense mix: 42.7% mission · 12.7% management · 44.6% fundraisingTotal expenses: 9.81% of revenue

Money in and money out

Revenue$12,004,752

Expenses$1,115,771

Annual surplus $10,888,981 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$237,696 · 21.3% of expenses

Management and office costs$256,846 · 23.0% of expenses

Fundraising$621,229 · 55.7% of expenses

See all reported dollar amounts

Revenue$12,004,752

Expenses$1,115,771

Assets$30,005,341

Income$26,809,324

Contributions$10,975,352

Mission work (program services)$237,696

Fundraising$621,229

Grants given$2,386,515

Average grant$340,931

Management and general$256,846

Stocks and bonds$28,425,547

Accounting fees$15,218

Investing fees$119,859

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

TERESA WATSONCFO $30,668Base · Other $30,668

JASON BAILEYCHIEF TECH. $30,628Base · Other $30,628

JODI VIRGILVP HUMAN RES $30,551Base · Other $30,551

DANIEL BRILESDIR. OF COMP $30,144Base · Other $30,144

BRIAN PETRAITSDIR OF MANUF $30,023Base · Other $30,023

JAMES HOOPINGARNERDIR. OF DIST $30,012Base · Other $30,012

TONJA SAPRISSASENIOR MGR O $24,638Base · Other $24,638

JAMES MICHAELS TERM DATE 8224VP PROGRAM S $20,469Base · Other $20,469

DOUGLAS PINGEL TERM DATE 121324VP OPERATION $18,997Base · Other $18,997

LISE PACEEXECUTIVE VP $18,085Base · Other $18,085

MARSHA EGANVP OF PROG S $12,108Base · Other $12,108

KRISTIN STICKLECONTROLLER $11,551Base · Other $11,551

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

TERESA WATSONCFO

JASON BAILEYCHIEF TECH.

JODI VIRGILVP HUMAN RES

DANIEL BRILESDIR. OF COMP

BRIAN PETRAITSDIR OF MANUF

JAMES HOOPINGARNERDIR. OF DIST

TONJA SAPRISSASENIOR MGR O

JAMES MICHAELS TERM DATE 8224VP PROGRAM S

DOUGLAS PINGEL TERM DATE 121324VP OPERATION

LISE PACEEXECUTIVE VP

MARSHA EGANVP OF PROG S

KRISTIN STICKLECONTROLLER

DANA WERNER TERM DATE 101224CHIEF PROJ.

JEFFREY MITTMANDIRECTOR

BRANDON WELLSEXEC DIRECTO

JAMIE WILBERVP OF COM. S

REBECCA EVANSAR PAYROLL M

JEFF WEBERDIRECTOR

STEPHEN M POWELLVICE CHAIRMA

RAYMOND COXDIRECTOR

MATT FREELDIRECTOR

KEVIN MANDRELLDIRECTOR

KEITH BERLENDIRECTOR

GREGORY OTTINGERDIRECTOR

CHRIS DUNLAVYDIRECTOR

CANDEE CHAMBERSDIRECTOR

BRIAN BOSMACHAIRMAN

About this charity

Recognized since: January 2009
Location: 6270 CORPORATE DR, INDIANAPOLIS, IN 46278-2900
County: Marion
In care of: % PATRICIA A GADZALA
Primary officer: BRANDON WELLS, EXEC DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailinfo@bosma.org Phone(317) 684-0600

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: L M HENDERSON & COMPANY LLP
NTEE classification: Human Services (P118)
IRS tax category: Voluntary Health Organizations
Grant-giving organization: Yes