2024-03-08T15:36:03-06:00 2023-04-30 311119890 Barnes Dennig & Co LTD 150 East Fourth Street Cincinnati OH 45202 990 2022-05-01 310584310 Clovernook Center For the Blind and Visually Impaired CLOV 5135223860 7000 Hamilton Ave Cincinnati OH 45231 Christopher Faust President/CEO 5135223860 2024-02-29 1 Christopher Faust 999009999 0 Paula Hume P00537516 5132418313 2024-03-03 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Christopher Faust 7000 Hamilton Ave Cincinnati OH 45231 36633731 0 X www.clovernook.org X 1903 OH To empower people who are blind and visually impaired to be self-sufficient and full participants in their communities. 13 13 108 15 0 0 722422 835423 6327907 5731900 3796161 -260683 44692 34461 10891182 6341101 0 0 0 0 4671987 4882686 0 0 411634 4135607 4561030 8807594 9443716 2083588 -3102615 36604319 35493793 641545 1722269 35962774 33771524 X To enrich the lives of people who are blind or visually impaired by developing the skills necessary to lead active, productive and independent lives. 0 0 5104310 3231249 Social Enterprises provides meaningful jobs to individuals who are blind or visually impaired. Our associates produce top-quality file folders in a light-manufacturing environment and also offer competitive assembly, packaging and shipping to meet unique company specifications. 1,542,159 file folders shipped 12 employees in 2022. The Clovernook Braille Printing House is recognized as one of the largest volume producers of braille in North America, producing more than 20 million pages annually. Clovernook's Braille Printing House produces a variety of braille materials that include books and magazines for the National Library Service (NLS), a division of the Library of Congress, textbook materials, tactile graphics, religious periodicals, menus, business cards, instruction manuals and more. 14,000 Braille readers, 43 employees in 2022. 452151 490060 Clovernook Memphis Program Services - Provides training and support for communications, braille, assistive technology and orientation & mobility. The organization also provides vocational evaluation, job readiness, job placement, job retention, job coaching and follow along for one year, as well as providing intake and case management services. 114 clients served in 2022. 356301 Clovernook Program Services twice monthly offers vision screening services for low income and uninsured adults. Also, in partnership with a local Children's Hospital, Clovernook provides a Pediatric Low Vision Program which is fast becoming a national model for integrated services to children with permanent vision loss. Annually Clovernook Center hosts the Ohio Regional Braille Challenge competition for K-12 students. 1474933 2010591 Multistate Center East, under contract with the Library of Congress, distributes books in adaptive format, including audio, and related materials for the National Library Service for the Blind and Print Disabled. 1474933 2010591 7387695 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 108 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH TN X X Kenneth Lackman 5137286233 7000 Hamilton Ave Cincinnati OH 45231 Susan E Baillely Board Member 2.00 X 0 0 0 Melanie J Beck Secretary 2.00 X X 0 0 0 Earnest Cavin PhD Board Member 2.00 X 0 0 0 Barbara S Fant Board Member 2.00 X 0 0 0 Robert J Findley CPA Treasurer 2.00 X X 0 0 0 Regina M Gehm Vice Chair 2.00 X X 0 0 0 Cassandra R Jones Board Member 2.00 X 0 0 0 James J Joo Board Member 2.00 X 0 0 0 Michael R Mauch Board Member 2.00 X 0 0 0 Patrick L O'Callaghan Board Member 2.00 X 0 0 0 Christopher Riemann MD Board Member- Exited 4/20/23 2.00 X 0 0 0 Matthew E Shad Board Chair 2.00 X X 0 0 0 Mary Beth Yackey OD Board Member - Exited 4/20/23 2.00 X 0 0 0 Elizabeth C Stock Board Member 2.00 X 0 0 0 Ted S Jaroszewicz Board Member - Started 5/12/22 2.00 X 0 0 0 Christopher Faust President/CEO 40.00 X 203491 0 26938 Kenneth Lackman Controller/Vice President 40.00 X 115214 0 27740 Jacqueline Conner Vice President Multi State 40.00 X 106964 0 16086 425669 0 70764 3 0 1 0 Spearhead Labs LLC 8447 Sea Mist Ct West Chester OH 45069 Business Development 307113 1 17240 818183 4750 835423 Industrial Operations 310000 3231249 3231249 Multi-State 900099 2010591 2010591 Memphis Rehabilitation Services 624310 488796 488796 Memphis Store Operations 310000 1264 1264 5731900 1151507 1151507 19471 0 19471 19471 19471 28795358 30185270 22278 -1389912 -22278 -1412190 -1412190 95680 17240 85082 10598 10598 Employment Rewards 900099 2852 2852 Consumer Benefits & Misc 900099 1540 1540 4392 6341101 5731900 0 -226222 X 489707 292693 197014 3365899 2667720 566729 131450 80743 63028 14616 3099 650172 574249 56784 19139 296165 230132 55854 10179 8247 7992 255 36800 36800 80021 80021 1148011 555960 407823 184228 15893 1820 6299 7774 31530 28555 1172 1803 19214 10845 8369 827326 751201 56228 19897 64368 50833 8147 5388 7276 5457 1819 341317 278947 61217 1153 103781 88518 12778 2485 Materials & Supplies 1310906 1294091 11415 5400 Repair and Maintenance 420104 412190 4590 3324 Other 118515 62294 40844 15377 Recognition & Training 27721 19162 7876 683 9443716 7387695 1644387 411634 1318765 2414456 83787 105846 543242 948359 580069 625465 36365 39713 11778580 9849224 1768088 1929356 23479104 21107667 8652080 7252448 142819 1070483 36604319 35493793 641545 666615 0 1055654 641545 1722269 X 35294395 33151782 668379 619742 35962774 33771524 36604319 35493793 -3102615 911365 0 X X 0 1 X 1 0 X 522193 546060 1370766 722422 835423 3996864 522193 546060 1370766 722422 835423 3996864 369855 3627009 1081695 1038704 1084590 1274873 1170978 5650840 32782 132412 3114 26849 4392 199549 9847253 28585570 0.36830 0.33120 X Clovernook Center for the Blind and Visually Impaired received its exemption in 1903 and has had continual public support for its charitable purpose.The taxpayer currently meets the 10% public support requirement in year ended April 30, 2023. The taxpayer has a governing board that is representative of the general public.The Clovernook Braille Printing House is recognized as one of the largest volume producers of braille in North America, producing more than 20 million pages annually. Taxpayer conducts a fundraising program seeking broad-based support. The taxpayer is not meeting the support test due to its large investment income in comparison to its contribution revenue, not due to its general solicitation program. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 142819 X Artwork and Antiquities 0 31656512 -1580830 2154860 27920822 34029036 -834524 1538000 31656512 25118928 10430108 1520000 34029036 28465908 -2021980 1325000 25118928 31964251 -1589743 1908600 28465908 1.00000 0 0 209025 209025 6661535 5908358 753177 3348236 2500848 847388 1559784 1440018 119766 1929356 Beneficial Interest in Perpetual Trusts 439293 F Alternative Investments 6813155 F 7252448 Lease Liability - operating leases 1011628 Line of Credit 44026 1055654 X 7257527 911365 85082 996447 6261080 80021 80021 6341101 9448777 85082 85082 9363695 80021 80021 9443716 Part III, Line 4: Included in property and equipment are capitalized collections of works of art, historical treasures and similar assets. Items added to the collections are capitalized at cost if purchased or at estimated fair value on the acquisition date if donated. Collection items sold or removed are reported as unrestricted or temporarily restricted gains or losses depending on donor stipulations, if any, placed on the items at the time of acquisition. Part V, Line 4: Endowment assets include board-designated funds, as well as those assets of donor-restricted funds that Clovernook must hold in perpetuity. As approved by the Board of Trustees, the endowment assets are invested in a manner that is intended to maximize long-term total return while preserving principal and enhancing the purchasing power of its assets in order to provide for current and future portfolio spending needs. Part X, Line 2: The Organization is a not-for-profit organization exempt from federal income taxes under Internal Revenue Code Section 501(c)(3) and a similar provision of state law. The Organization is not considered a private foundation. The Organization's IRS Form 990 is subject to review and examination by federal and state authorities. The Organization believes it has appropriate support for any tax positions taken, and therefore, does not have any uncertain income tax positions that are material to the financial statements. Part XI, Line 2d - Other Adjustments: Fundraising Expense 85,082. Part XII, Line 2d - Other Adjustments: Fundraising Expense 85,082. Vision Over Sight 112920 17240 95680 15567 35814 33701 112920 17240 95680 15567 35814 33701 85082 10598 X 0 0 0 0 0 1 0 0 0 Christopher Faust President/CEO 168991 0 34500 0 0 0 6292 0 20646 0 230429 0 0 0 Part I, Line 6 The CEO can earn a bonus of 15% of base salary for meeting or exceeding the approved budget and up to 10% of base salary for achieving goals and objectives for the fiscal year. The executive committee approved the CEO's bonus for FY 2021-2022. The amount of the budget bonus was $24,000 and the amount of the performance bonus was $12,000. Total bonus payment was $36,000 paid in 6/17/22. Form 990, Part VI, Section B, line 11b The Vice President of Finance and members of the finance committee reviewed the 990 before the return was given to the Board of Directors, prior to filing. Form 990, Part VI, Section B, line 12c In order to monitor adherence to our Conflict of Interest Policy, all Board members, Committee members (non-Board), the CEO, and Vice Presidents/Officers of the agency are required to review and sign off on the policy on an annual basis. Form 990, Part VI, Section B, line 15 Compensation is based on the results of the review of the performance of the individual for the period under review. The CEO's review is done by the Chairman of the Board of Trustees. The review of senior management is performed by the CEO. Form 990, Part VI, Section C, line 19 Governing documents and conflict of interest policy are available upon request. Financial statement information is available online from both the annual report and the Form 990 at www.clovernook.org. Annual reports are also mailed to donors and are available for pickup at both Clovernook locations. Form 990, Part IX, line 11g Outside Services: Program service expenses 555,960. Management and general expenses 407,823. Fundraising expenses 184,228. Total expenses 1,148,011. Form 990, Part XII, Line 2c The Finance Committee is responsible for audit oversight. This process has not changed in the current year.