Jewish Guild for the Blind 2008 Taxes

C o -97 ~oaCHAR500

Annual Filing for Charitable Organizations2008Form New York State Department of Law (Office of the Attorney General)

Charities Bureau - Registration Section120 Broadway •.- . .

New York, NY 10271www.oag.st•ate.ny.us/charities/charities.htnil • " •

1, General Information

a. For the fiscal year beginning (mmmdryyyy) 1/11/2008 and ending ( mmrddryyyy) 12/31 /2008

b. Check if applicable for NYS: c. Name of organization d. Fed. employer ID no. (EIN) (~)

13-1623854h❑ Add angeress c

❑ Name change The Jewish Guild For The Blinde. NY State registration no. (k# #7i #k)

00-87-02❑ Initial filing

❑ Fi lifNumber and street (or P.O. box if mail not delive red to street address) Room/suite f. Telephone number

i ngnal15 West 65th St. (212) 769-6200

❑ Amended filing

❑ NY registration pending City or town:slate or country and zip + 4 g. Emeil

New York 'NY 10023 [email protected]

2. Certification - Two Signatures Required

We cert ify under penalties of perjury that we re)/lafo this repo rt , including all attachments, and to the best of our knowledge and belief, they are true,

correct and complete in accordance with the l4vs ltlfAhe StaiwQf Nw York applicable to this report.

I a. President or Authorized

b. Chief Financial Officer or

Alan R. Morse, JD, PhDPrinted Name

Elliot J. HaglerPrinted Name

President/CEOTitle Date

Executive VP/CFO 11 I t~ej+Title Date

3. Annual Report Exemption Information °

a. Article 7-A annual report exemption (Article 7-A registrants and dual registrants)

Check 4> ❑ if total cont ri butions from NY State ( including residents, foundations, corporations, government agencies, etc.) did not exceed

$25,000 and the organization did not use the services of a professional fund raiser (PFR) or fund raising counsel ( FRC) to solicitcontributions duri ng this fiscal year.

NOTE: An organization may also check the box to claim this exemption if no PFR or FRC was used and either: 1) theorganization received an allocation from a federated fund, United Way or incorporated community appeal and contributions fromall other sources did not exceed $25,000 or 2) it received all or substantially all of its cont ri butions from a single governmentagency to which it submitt ed an annual financial repo rt similar to that required by Article 7-A).

b. EPTL annual report exemption ( EPTL registrants and dual registrants)

Check ~ ❑ if total gross receipts for this fiscal year did not exceed $25,000 and the assets ( market value) of the organization did not exceed$25,000 at any time during this fiscal year.

For EPTL or Article-7A registrants claiming the annual report exemption under the one law under which they are registered and for dual registrants claiming the annual report

exemptions under both laws, simply complete pa rt 1(General information). part 2 (Certification) and part 3 (Annual Report Exemption Information) above.

Do not submit a fee, do not complete the following schedules and do not submit any attachments to this form.

4. Article 7-A Schedules

If you did not check the Article 7-A annual repo rt exemption above, complete the following for this fiscal year:

a. Did the organization use a professional fund raiser, fund raising counsel or commercial co-venturer for fund raising activity in NY State? E]Yes- ® No

* If "Yes", complete Schedule 4a.

b. Did the organization receive government contributions ( grants)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❑ Yes* IN No

* If "Yes", complete Schedule 4b.

5. Fee Submitted: See last page for summary of fee requirements.

Indicate the filing fee(s) you are submitting along with this form:

a. Article 7-A filing fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 25 Submit onlyone checkor moneyorder for theb. EPTL filing fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,500 total fee, payable to "NYS Department ofLaw"

c. Total fee ........................................................ $ 1,525

6. Attachments: For organizations that are not claiming annual report exemptions under both laws, see list page for required'attachments.

Form CHAR500 (2008)

I

5. Fee Instructions

The filing fee depends on the organization's Registration Type. For details on Registration Type and filing fees, see the Instructions for Form CHAR500.

Organization's Registration Type Fee Instructions

• Article 7-A

• EPTL

• Dual

a) Article 7-A filing fee

Calculate the Article 7-A filing fee using the table in part a below. The EPTL filing fee is $0.

Calculate the EPTL filing fee using the table in pa rt b below. The Article 7-A filing fee Is $0.

Calculate both the Article 7-A and EPTL filing fees using the tables In part s a and b below. Add the Article 7-A andEPTL filing fees together to calculate the total fee. Submit a single check or money order for the total fee.

Total Support & Revenue Article 7-A Fee

mo re than $250,000 $25

up to $250,000 • $10

b) EPTL filing fee

' Any organization that contracted with orused the services ofa professional fund raiser(PFR) or fund raising counsel (FRC) during the reporting periodmust payanArticle 7-Afiling fee of$25, regardless of total support andrevenue.

Net Worth at End of Year EPTL Fee

Less than $50,000 $25

$50,000 or mo re, but less than $250,000 $50

$250,000 or more, but less than $1,000,000 $100

$1,000,000 or mo re , but less than $10,000,000 $250

$10,000,000 or more, but less than $50,000,000 $750

$50,000,000 or more $1500

6. Attachments - Document Attachment Check-List

Check the boxes for the documents you are attaching.

For All Filers

Filing Fee

® Single check or money order payable to °NYS Department of Law"

Copies of Internal Revenue Service Forms

® IRS Form 990

® Schedule A to IRS Form 990

❑ Schedule B to IRS Form 990

❑ IRS Form 990-T

❑ IRS Form 990-E2

❑ Schedule A to IRS Form 990-EZ

❑ Schedule B to IRS Form 990-EZ

❑ IRS Form 990-T

Additional Article 7-A Document Attachment Requirement

Independent Accountant's Report

® Audit Report (total support & revenue more than $250,000)

❑ Review Report (total support & revenue $100,001 to $250,000)

❑ No Accountant's Report Required (total support & revenue not more than $100,000)

❑ IRS Form 990-PF

❑ Schedule B to IRS Form 990-PF

❑ IRS Form 990-T

Form CHAR500 (2008)

4

The Jewish Guild For The Blind15 West 65th St.

New York, NY 10023212-769-6200

FAX 212-769-6266

ORGANIZATION

The New York Guild for the Jewish Blind was incorporated as a nonprofit corporation inthe State of New York on October 23, 1916. The name was changed to The Jewish Guild forthe Blind on June 15, 1960.

The Jewish Guild for the Blind was granted an exemption from income tax under §501(c)(3) of the Internal Revenue Code in June 1941.

PURPOSE OF THE ORGANIZATION

The purpose of The Jewish Guild for the Blind is to provide services to blind and visuallyimpaired people.

GENERAL PURPOSE FOR WHICH CONTRIBUTIONS WILL BE USED

Contributions are used to provide medical, rehabilitative, educational and socialservices.


New York, NY 10023212-769-6200

FAX 212-769-6266

Officers, Directors, Trustees, and Key EmployeesNAME, ADDRESS

James M. Dubin15 West 65th St.New York, NY 10023

Lawrence E. Goldschmidt15 West 65th St.New York, NY 10023

Elliot J. Hagler15 West 65th St.New York, NY 10023

Alan R. Morse, JD, PhD15 West 65th St.New York, NY 10023

Marc Solomon15 West 65th St.New York, NY 10023

Angela Vigliarolo15 West 65th St.New York, NY. 10023

Chairman

Treasurer

Executive VP/CFO

Assistant Secretary

Cathleen Wirts Senior VP Administration & Plarining15 West 65th St.New York, NY 10023


New York, NY 10023212-769-6200

FAX 212-769-6266

Other States Registered:State Registration NumberAlabamaAlaskaArizonaArkansasCaliforniaConnecticutFloridaGeorgiaIllinoisKansasKentuckyMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaTennesseeUtahVirginiaWashingtonWest VirginiaWisconsin

AL02-183

20734

CT-1127551669CH9082CH-474801-035,878326-747-33452CO3611559239480MICS 23247

100001346CO-261-0212686CH-03132-00

00-87-02SL002107465699-11924300680387292051806097-1518P971648386535127-CHAR

9624

7686 - 800

Form 990

Plenause IRSlabel orprint ortype.

Deparlmenl of the Tuasury I r a on)internal Revenue Service ► The organization may have to use a copy of this return to satisfy state reporting requirements.A For the 2008 calendar year, or tax year beginning and endingB Check If

applicable:

OAddresachange

FNme

Okdtlalreturn

aTermin-ellon

=rAmended

QA.pp111ca-

pueWnding

1

J

seeSpecificInstruc-tions.

C Name of organization

THE JEWISH GUILD FOR THE BLINDDoing Business AsNumber and street ( or P.O. box if mail is not delivered to s treet address)

15 WEST 65TH STREETCity or town, state or country, and ZIP + 4

NEW YORK, NY 10023F Name and address of principal officer:ALAN R. MORSESAME AS C ABOVE

Return of Organization Exempt From Income TaxUnder section 501(c), 627, or 4947(aN1) of the Internal Revenue Code ( except black lung

benefit trust or rivate found ti

Tax-exempt status: ®Website: ►

~

L-i

(insert

Trust

no.

L

L] 4947(a)(1) or

Association

527

Other►

13-1623854Room/sulte I E Telephone number

(212) 769-6200

LL Year

OMB No. 1545-0047

2008pen o ~i o:

D Employer Identification number

Q otossrecatptas 1 .-_..17,318,40-3H(a) Is this a group return

for affiliates? 0Yes ® NoH(b) Are all affiliates Included? EDYes EDNo

If No, attach a list. (see Instructions)H(o) G ro up exemption number ►

501 c 0WWW.JGB.ORG

K 7 e of organization: Corporationar ;:1: Summary

€of formation: 19141 M State of legal domicile:NY

1 Briefly describe the organization's mission ormost significant activities: SEE SCHEDULE-0

2 Check this box )P- If the organization discontinued Its operations or disposed of more than 26% of its assets.

I§3 Number of voting members of the governing body (Part VI, line ia) ............................................................ 3 18

od 4 Number of independent voting members of the governing body (Part Vi, fine 1b) q 1-75 Total number of employees (Part V, line 2a) ..........................................:..................................................... S -9586 Total number of volunteers (estimate If necessary) ,,,,,,,,,,,,,,,,,,,,,,,,,,, ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

_____________________

7a Total gross unrelated buslness revenue from Part VIII, iine 12, column (C) ,,,,,,,,,,,,,,,,,,,...........................,,, 0.b Net unrelated business taxable income from Form 990•T, Ilne 34

.

0.Prior Year Current Year

8 Contributions and grants (PartV1Il, line 1h) .............................................................. 5,533,387. , 678, .

„ 9 Program service revenue Part Vlit line 2g)( , ............................................................... 9 r 2 1 44,725, .10 Investment Income (Part VIII, column (A), lines 3,41, and 7d) ........................................ 10,035,02. -1,299,651.11 Other revenue (Part Vlll, column (A), lines 5, 6d, 8c, 9c,110c, and 111e) ........................ -20,-20,786. 1,941,12 Total revenue - add lines 8 through 11 must equal Part VIII, column , line 12 ......... 801 , 3 2 2 .51,045,13 Grants and simiiar amounts pald (Part IX, column (A), lines 1-3)

.

, 0 225,000.14 Benefits paid to or for members (Part IX, column (A), line 4) ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,15 Salarles, other compensation, employee benefits (Part IX, column (A), lines 5•10) 5, 663. 38,406,512.16a Professional fundraising fees (Part IX, column (A), line 11 a) . 78, 0 00.

b Total fundraisin ex ense s Part IX column O0 une 2 1 r 174 19 49 P ( ~ i17 Other expanses (Part IX, column (A), Iinea 1 ta-11 d,11f24Q ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

.

7 ,05 8, 61 , 5 7.18 Total expenses. Add Ilnes 13-17 (must equal Part IX, column (A), llne 25) ,,,,,,,,,,,,,,,,,,, , . 7, 2 4 3, .19 Revenue fess ex enses. Subtract iine 18 from line 12 57, 5. 3, 0l, 51 .

gng of Year End of Yearca 20 Total asaets (Part X, line 16) ...................... .................................................. 158,304,664. 123,395, 7.

21 Total liabiliti P t X ►i 26 75-UTWC es ( ar , ne ) ..................................................................................

, .3$, 7 40,485,226.22 Net assets or fund balances. Subtract line 21 from line20 .......................................... 119,568,862. 82,909,9017

`.Pa::r.t:;..:; ignature BlockUnder penalties o} per~ry, 1 declare that I have examined this return. Including accompanying schedules and statements, and to the beat of my knowledge and belief, It Is true. correct,and conplete. Oeciarallnn of preperer (other than officer) Is based on all Information of wNch preparer has any knowledge.

Sign. ' ~ -~ ~a✓~ I

Here 3 gna ure a o cer aleALAN R. MORSE, PRESIDENT & CEOType or print name an i e

Paid

Preparer's

Prepa►er's'signature

'

Date MCI( 11sell-employed ► C]

reparer s Identifying number(aeelnewouona)

Use onlyFirm

~e ` LOEB & TROPER LLPsyoure If EtN ~sell-employed) , h,655 THIRD AVENUE, 12TH FLOORaddreso, andIP+ 4 NEW YORK, NY 10017, Phnnenn ► ( ?, 1.?.) R f;7 -dnnn--- - -May the IRS discuss this return with the preparer shown above? (see instructions) Yes No

832001 12-ta-o6 LHA For Privacy Act and Paperwork Reduction Act Notice, see the separate Instructions. Form 990 (2008)

Form 8879-EO

oopar+monl or Ih• Trouuyfntemal Rr+eoue SeMoe

Name of exempt organ a on

Name and title of officer

IRS e-file Signature Authorizationfor an Exempt Organization

For cafandar year 2008, of Nsoat ycar begtnntnp , 2008, and ending ,2e^

]► Do not send to the IRS. Keep foryour records.Po- See Instructions.

THE JEWISH GUILD FOR THE BLIND

OMB No. 1645-1e76

2008Employer Idenillica(lon number

13-1623854

ALAN R. MORSEpRESIDENT•& CEO

ar~, ~ Type of Return and Return Information (Whole Dollars Only)

Check the box for the return forwhich you are using this Form 8878•EO and enter theapplicable amount from the return If any. if you check the box

on line in, 2a, 3a, 4a,or 6a, below, and the amount on that fine for the return forwhich you are filing this form was biant4 then leave line 1b, 2b, 3b,

4b, or8b, whichever Is applicable, blank (do not enter .0.). But, If you entered 0onthe return, then enter •0• on the applicable line below.Do not

complete more then I One in Part I.

Is Form 990check here )P-M] b Total revenue, If any (Form 880, One 12 51045482) ................................................... lb

2a Form 990•BZ check hero ►0 b Total revenue, If any (Form 980,EZ, line 9) . ........................................ 2b

3a Forin 1120•POL check here ► 71 b Total tax (Form 1120-POL, line 22) ................................................ 3b

4a Form 990•PF check here ►0 b Tax based on Investment Income (Form 890•PF, Part VI, line 6) ......... 4b

On Form 8888 check here )► r I b Balance Due (Form 8888, lineso) ............................................................ 6b

Part' ~_ eo arat on and Signature Authorization of OfficerUnder penalties of perJury, I declare that I am an officer of the above organization and that I have examined a copy of theorganization's 2008

electronic return and accompanying schedules and statements and to the best of my knowledge and belief, theyare true, correct, and complete. I

further declare that theamount In Part I above Is the amount shown on the copy of the organization's electronic return. I consent toallow my

Intermediate service provider, transmitter, or electronic return originator (ERO) tosend the organization's return to the IRS and to receive from the IRS

(a) an acknowledgement of receipt or reason for rejection of the transmission, (b) an Indication of any refund offset, (o) the reason for any delay in

processing the return or refund, and (d) the date ofany refund. If applicable, I authorize the U.S. Treasury and Its designated Financial Agent to initiate

an electronic funds withdrawal (direct debk) entry to the financial Institution account Indicated In the tax preparation software for payment of the

organization's fedora[ taxes owed on this return, and the financial Institution to debit the entry to this account. To revoke a payment, I must contact

the U.S. Treasury Financial Agent at 1•8883534537 no later than 2 business days prior to the payment (settlement) date. I also authorize the financial

institutions Involved In the processing of the electronic payment of taxes to receive confidential Information necessary toanswer Inquiries and resolve

Issues related to the payment. I haveselected a personal Identification number (PIN) as my signature for theorganization's electronic return and, It

applicable, the organization's consent toelectronic (undo withidmwat.

Officer's PINs check one box only

® I authorize LOEB &'i'ROpER LLP toenter my PIN8A0 firm name Enter live numbere, but

do not enter all zeros

as my signature on the organization's tax year 2008 electronically flied return. If f have Indicated within this return that a copy of the return

Is being filed with a state agencypea) regulating charities as part of the IRS Fed/State program, I also authorize the aforementioned ERO to

enter my PIN on the return's disclosure consent screen.

E-1 As anofftcer of 1he organization, I will enter my PIN as my signature on the organization's tax year 2008 electronically flied return. If I have

Indicated within this rot hat a copy of the return is being filed with a state agencyQea) regulating char ies part of the IRS Fed/State

program, I will enter m I on he18t~r 'n di closure consent screen.

Date 11o.Officer's signature ►

ar>ti~ I= Certification and Authentication

ERO's EFIN/PIN. Enteryoursixdfg)t EFIN followed by your five-digit self-selected PIN. ~~r all zeros

I ce rt ify that the above numeric ent ry Is my PIN, which Is my signature on the 2008 electronically filed return for the organization Indicated above. I

confirm that t am submitting this return In accordance with the requirements of Pub. 4163, Modernized 9-File (MeF) Information forAuthorized IRS

e•frfe Providers for Business Returns,

ERO's stgnature ► Data ►

ERO MustRetain This Form - See InstructionsDo Not Submit This Form To the IRS Unless Requested To Do So

LHA For Paperwork Reduction Act Notice, see Instructions.82SC51to -24-08

Form 8879-EO (2008)

4517271026 733030 JOB 2008.04020 THE JEWISH GUILD FOR THE BL JGB 1

Form 990 (2008)Statement o

THE JEWISH GUILD FOR THE BLIND 13-1623854 Page2rogram Serv

1 Briefly describe the organization's mission:

ce Accomp 8 mettts (see Instructions)

ASSIST PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED, AND WHO MAY HAVEADDITIONAL DISABILITIES, ACHIEVE LIVES OF DIGNITY AND INDEPENDENCE

2 Did the organization undertake any significant program services during the year which were not listed onthe prior Form 990 or 990•EZ? ....................................................................................................................................... OYes ® NoIf 'Yes', describe these new services on Schedule O.

3 Did the organization cease conducting, or make significant changes In how it conducts, any program services?,,,,,,,,,,,,,,,,,, OYes M NoIf 'Yes', describe these changes on Schedule O.

4 Describe the exempt purpose achievements for each of the organization's three largest program services by expenses.Section 501 (c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants andallocations to others, the total expenses, and re venue, if any, for each program service reported.

SEE SCHEDULE 0 FOR CONTINUATION(S)4a (Code: ) (Expenses $ 2 3 8 8 7 7 53. Including grants of $ ) (Revenue $ 4 0 8 6 72-9 .)

4b (Code: ) (Expenses $ 2 , ~2 3 , 78 3 . including grants of $ )(Revenue $ 1,219,835. )

4c (Code: ) (Expenses $ 0 , 07 . Including grants of $ ) (Revenue $ 2,938.THE GUILD'S SIGHTCARE PROGRAM OFFERS EDUCATION AND TRAINING FORHEALTHCARE PERSONNEL, INFORMAL CAREGIVERS, COMMUNITY SERVICE PROVIDERS,AND PEOPLE WHO HAVE VISION LOSS OR ARE AT RISK FOR VISION LOSS, AS WELLAS ENVIRONMENTAL CONSULTATION AND ASSISTANCE IN MEETING ACCESSIBILITYREQUIREMENTS. THROUGH SIGHTCARE, THOSE PROVIDING CARE TO INDIVIDUALSIN HEALTHCARE FACILITIES AND OTHER SERVICE SETTING SETTINGS AROUND THECOUNTRY, ARE LEARNING HOW TO PROVIDE BETTER AND MORE INTEGRATEDSERVICES FOR THE VISUALLY IMPAIRED PEOPLE THEY SERVE.

4d Other program services. (Describe in Schedule 0.)(Expenses $ 1, 4 2 7, 710 . including rants of $ 2251000. )(Revenues 2,640,937.

4e Total program service expenses /$ 2 8 , 7 7 3, 3 2 2 .(MustequalPart IX, Line 25, column (B))

932002i2-16-08

Form 990 (2008)

218521027 733030 JGB 2008.04020 THE JEWISH GUILD FOR THE BL JGB 1

Form 990 (2008) THE JEWISH GUILD FOR THE BLIND

Checklist of Required Schedules13-1623854 Page3

1 Is the organization described In section 501 (c)(3) or 4947(a)(1) (other than a private foundation)?If 'Yes,' complete Schedule A.............................................................................................................................................

2 Is the organization required to complete Schedule B, Schedule of Contributors? ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

3 Did the organization engage In direct or Indirect political campaign activities on behalf ofor In opposition to candidates for

public. office? If 'Yes,' complete Schedule C, Part 1 ............................................................................................................

4 Section 501(c)(3) organizations. Did the organization engage In lobbying activities? If'Yes,' complete Schedule C, Part I! ,,,

5 Section 601(c)(4), 501(c)(5), and 601(c)(6) organizations. Is the organization subject to the section 6033(e) notice and

repo rt ing requirement and proxy tax? If 'Yes,' complete Schedule C, Parf!li ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

6 Did the organization maintain any donor advised funds or any accounts where donors have the right to provide advice

on the dlstribution or Investment of amounts in such funds or accounts? If 'Yes,' complete Schedule D, Part ! ,,,,,,,,,,,,,,,,,,,,,

7 Did the organization receive or hold a conse rvation easement, Including easements to preserve open space,

the environment, historic land areas, or historic structures? If'Yes,' complete Schedule D, Part Il,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

8 Did the organization maintain collections of works of art , historical treasures, or other similar assets? If 'Yes,' complete

..................................................................................Schedule D, Part Ill ..........................................................................9 Did the organization repo rt an amount In Part X, line 21; serve as a custodian for amounts not listed In Pa rt X; or provide

credit counseling, debt management, credit repair, or debt negotiation services? If 'Yes,' complete Schedule D, Part IV ......

10 Did the organization hold assets in term, permanent, or quasi-endowments? If 'Yes,' complete Schedule D, Part V,,,,,,,,,,,,,,,

11 Did the organization report an amount in Part X, Ones 10, 12, 13, 15, or 25?

,..,,,..,,,..,,-...-,.-...-.--.-.-.,...........................If 'Yes,' complete Schedule D, Parts Vl, Vll, Vlll, IX orX as applicable ..................

12 Did the organization receive an audited financial statement for the year for which it Is completing this return that was

prepared in accordance with GAAP? If "Yes,' complete Schedule D, Pa rtsXl, Xt!, and X111 ...................................................

13 Is the organization a school as described in section 170(b)(1)(A)(iQ? If 'Yes," complete Schedule E,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

14a Did the organization maintain an office, employees, or agents outside of the U.S,? ...............................................................

b Did the organization have aggregate revenues or expenses of more than $10,000 fro m grantmaking, fundraising, business,

and program service activities outside the U.S.? If "Yes,' complete Schedule F, Part 1

15 Did the organization repo rt on Part IX, column (A), One 3, m ore than $5,000 of grants or assistance to any organization Or entity

located outside the United States? (('Yes,' complete Schedule F, Part !! ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

18 Did the organization repo rt on Pa rt IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to Individuals

located outside the United States? !f'Yes,' complete Schedule F, Part 111 ,,;,,,,,.,., ...............................................................17 Did the organization report more than $15,000 on Pa rt IX, column (A), line 11e? If'Yes,' complete Schedule G, Part I,,,,.,,.....

18 Did the organization report more than $15,000 total on Part VIII, lines 1 c and 8a? If 'Yes,' complete Schedule G, Part 1l ......

19 Did the organization report more than $15,000 on Pa rt VIII, One 9a? If 'Yes,' complete Schedule G, Part ill ,,,,,,,,,,,,,,,,,,,,,,,,,,,

20 Did the organization operate one or more hospitals? If 'Yes,' complete Schedule N,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

21 Did the organization report more than $5,000 on Pa rt IX, column (A), line 1? !f'Yes,' complete Schedule i, Parts land!! .........

22 Did the organization re port more than $5,000 on Pa rt IX, column (A), line 2?!f'Yes,' complete Schedule /, Parts I and lll ......

23 Did the organization answer 'Yes' to Part VIi, Section A, questions 3, 4, or 5? If 'Yes,' complete Schedule J ........................

24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the

last day of the year, that was Issued after December 31, 2002? If 'Yes,' answer questions 24b-24dand complete Schedule K.

If 'fJo', go to question 25 ....................................................:..............................................................................................b Did the organization Invest any proceeds of tax-exempt bonds beyond a tempora ry period exception? ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

c Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease

any tax-exempt bonds? ......................................................................................................................................................d Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year? .................................

26a Section 601(c)(3) and 501(c)(4) organizations. Did the organization engage In an excess benefit transaction with a

disqualified person during the year? If "Yes,"complete Schedule L, Part I,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

b Did the organization become aware that It had engaged In an excess benefit transaction with a disqualified person fro m a

prior year? !f'Yes,' complete Schedule L, Part I ......................................................... ............... . .........................................26 Was a loan to or by a current or former o fficer, director, t rustee, key employee, highly compensated employee, or disqualified

person outstanding as of the end of the organization's tax year? If 'Yes,' complete Schedule L, Part ll .................................27 Did the organization pro vide a grant or other assistance to an officer, di re ctor, trustee, key employee, or substantial

contdbutor, or to a person related to such an Individual? If 'Yes,' complete Schadule L, Pa rt 111 ..........................................

I

Yes No

2

3

4

6

7

8

010

11

12

13

14a

14b

15

18

17

18

19

2021

22

23

24a

24b

24c

24d

25a

25b

26

27

X

X

XX

X

XX

XXX

Form 990 (2008)

63200312-18-08

318521027 733030'JGB 2008.04020 THE JEWISH GUILD FOR THE BL JGB 1

Form 990 (2008) THE JEWISH GUILD FOR THE BLIND

~ ?d Checklist of Required Schedules (conanusa~13-1623854 Page4

28 During the tax year, did any person who Is a current or former officer, director,.trustee, or key employee:a Have a direct business relationship with the organization (other than as an officer, director, trustee, or employee), or an

Indirect business relationship through ownership of more than 35% In another entity (Individually or collectively with otherperson(s) listed In Part YII, Section A)? If'Yes,' complete Schedule L, Part IV ,,,,,,,_„,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

b Have a family member who had a direct or Indirect business relationship with the organization?If "Yes,' complete Schedule L, Part IV ................................................................................................................................

o Serve as an officer, director, trustee, key employee, partner, or member of an entity (or a shareholder of a professionalcorporation) doing business with the organization? If 'Yes,' complete Schedule L, Part IV „,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

29 Did the organization receive more than $25,000 In non -cash contributions? If 'Yes,' complete Schedule M ,,,,,,,,,,,,,,,,,,,,,,,,,,,30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation

contributions? If 'Yes," complete Schedule M .....................................................................................................................31 Did the organization liquidate, terminate, or dissolve and cease operations?

!f'Yes,' complete Schedule N, Pari ! .................................................................................................................................32 Did the organization sell, exchange, dispose of, or transfer mo re than 25% of its net assets? If 'Yes,' complete

Schedule N, Part !1 ............................................................................................................................................................33 Did the organization own 1000A of an entity disre garded as separate from the organization under Regulations

sections 301.7701•2 and 301.77013? If 'Yes,' complete Schedule R, Part I,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,34 Was the organization related to any tax-exempt or taxable entity?

If "Yes,' complete Schedule R, Parts tf, Ill, IV, and V, line 1 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,;,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,35 Is any related organization a controlled entity within the meaning of section 512(b)(13)?

If 'Yes,' complete Schedule R, Part V, line 2 ....................................................................:...................................................36 Section 601(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization?

ll'Yes,' complete Schedule R, Part V, fine 2,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, .........................................................37 Did the organization conduct more than 5% of Its activities through an entity that Is not a related organization

and that Is treated as a partnership for federal income tax purposes? If 'Yes,' complete Schedule R, Pad W ........................

28a

28b

28c

29

Yes

30

31

32

33

34

35

36

No<;

37

Form 990 (2008)

83200d12-78•08


Form 990 (2008) THE JEWISH GUILD FOR THE BLIND.a :. - Statements Reaardina Other IRS Filings and ax Compliance

1a enter the number reported in Box 3 of Form 1096, Annual Summary and Transmittal of26

U.S. information Returns. Enter •0• if not applicable ........................ :............................................ 1 8

b Enter the number of Forms W-2G Included In line, la. Enter •0• if not applicable ,,,,,,,,,,,,,,,, ,•,........... lb

c Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming

(gambling) winnings to prize winners? .................................................................................................................................

2a Enter the number or employees reported on Form WA1 Transmittal ofWane and Tax Statements,

filed for the calendar year ending with or within the year covered by this return .............................. 2a 9 5

b If at least one Is reported on line 2a, did the organization fife all required federal employment tax returns? ..............................

Note. If the sum of lines 1 a and 2a is greater than 250, you may be required to e-file this return. (see Instructions)

3a Did the organization have unrelated business gross income of$1,000 or more during the yearcovered by this returrl? .........

Yes

b if Yes,' has it filed a Form 990-T for this year? I!'No,' provide an explanation In Schedule 0 ............................................. 3b

4a At any time during the calendar year, did the organization have an Interest In, or a signature or other authority over, a

financial account in a foreign country (such as a bank account, securities account, orother financial account)? .....................

b If Yes,' enter the name of the foreign country: ► BERMUDA

See the instructions for exceptions and filing requirements for Form TO F 90-22.1, Report ofForeign Bank and

Financial Accounts.

6a Was the organization a party to a prohibited taxshelter transaction at any time during the tax year? ....................................

b Did any taxable party notify the organization that It was or is a party to a prohibited tax shelter transaction?, ..........................

c If Yes,' to question 6a or5b, did the organization file Form 8888•T, Disclosure by Tax-Exempt Entity Regarding Prohibited

Tax ShelterTransaction? ...................................................................................................................................................

Ba Did the organization solicit any contributions that were not tax deductible? .....................:.....................................................

b If 'Yes; did the organization Include with every solicitation an express statement that such contributions or gifts

were not tax deductible? ...................................................................................................................................................

7 Organizations that may receive deductible contributions under section 170(o).

a Did the* organization provide goods or services in exchange for any quid pro quo contribution of more than $75? ,,,•„•.,,,,..,.,.

b If 'Yes,' did the organization notify the donor of the value of the goods or services provided? ,,,,,,,,,,,,,,,•,,.,,•.......................

o Did the organization sell, exchange,or otherwise dispose of tangible personal property for which It was required

to file Form 8282? ....................................................................................................................... ~.~a .~..........................

d If 'Yes.' Indicate the number of Forms 8282 filed during the year ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

e Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal

benefit contract? ...............................................................................................................................................................

f Did the organization, during the year, pay premiums, directly or Indirectly, on a personal benefit contract? ,,,,...• ................... 71

g For all contributions of qualified Intellectual property, did the organization file Form 8899 as required? 7

h For contributions of cars, boats, airplanes, and other vehicles, did the organization the a Form 1098•C as required? ...............

8 Section 501(c)(3) and other sponsoring organizations maintaining donor advised funds and section 609(a)(3)

supporting organizations. Did the supporting organization, or a fund maintained by a sponsoring organization, have

excess business holdings at any time during the year? .........................................................................................................

9 Section 601(c)(3) and other sponsoring organizations maintaining donor advised funds.

a Did the organization make any taxable distributions under section 4966? .............................................................................. 9a

b Did the organization make a distribution to a donor, donor advisor, or related person? .........................................................

10 Section 501(0)(7) organizations. Enter: N/A

a Initiation fees and capital contributions Included on Part VIII, line 12 ,,,,,,,,,,,,,,,,,,,,,,•,..................... 10a

9b

No

b Gross receipts, Included on Form 990. Part Vili, line 12, for public use of club facilities

11 Section 501(o)(12) organizations. Enter: N/A

a Gross income from members or shareholders ........................ 11e......................................................

b Gross income from other sources (Do not net amounts due or paid to other sources against

amounts due or received from them.) ••••••••••••• 11b............................................................................-

12a Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 In lieu of Form 1041?

b If 'Yes,' enter the amount of tax-exempt Interest received or accrued during the year ......N /.A ... I 12b I

83200512-18-08

18521027 733030 JGB

12a. .,.. }.. . ~ ..

Form 990 (2000)

52008.04020 THE JEWISH GUILD FOR THE BL JGB

13-1623854 Page5

Form 990 (2008) THE JEWISH GUILD FOR THE BLIND 13-1623854 Page6Governance, Management, and Disclosure (Sections A, B, and C request Information about policies not required by theInternal Revenue Code.) -

Section A. Governing Body and Management

Foreach "Yes' response to lines2-7b below, and fora'No'response to lines 8 or 9b below, describe the circumstances,processes, orchanges In Schedule 0, See Instructions.

1a Enter the numberof voting members of the governing body .........................................................b Enter the number of voting members that are independent .........................................................

1a

1b2 Did anyofficer, director, trustee, or key employee have a family relationship ora business relationship with any other

officer, director, trustee, or key employee? ,,,,,,,,,,,,,,,,,,•.,,,,,,,,,,.,•,••••.•_••••••_••,.,.•.•••.••••.•.•.••,.,.•_••••••3 Did the organization delegate control over management duties customarily performed by orunder the direct supervision

1817

44:

3u, vi«cers, cirecrors or uusrees, or Key employees to a management company or other person? ,,,,,,,,,,,,,,,•_,,,,,,,;_ ••••4 Did the organization make any significant changes to its organizational documents since the prior Form 990 was filed? ;,,,,,,,,5 Did the organization become aware during the year of a material diversion of the organization's assets?6 Does the organization have members or stockholders? ,,,,,, ...........................................................7a Does the organization have members, stockholders, or other persons who may elect one or more mi

governing body? ..........................................................................................................................

...................:................mbers of the

b Are any decisions of the governing body subject to approval by members, stockholders, or other persons?8 Did the organization contemporaneously document the meetings held or written actions undertaken

by the following:during the year

a The governing body? .......................................................................................... .... .....b Each committee with authority to act on behalf of the governing body? ..........................................

9a Does the organization have local chapters, branches, oraffiliates? :b If 'Yes,' does the organization have written policies and procedures governing the activities of such

and branches to ensure their operations are consistent with those of the organization? ,,,,,,,,,,,,,,,,,

....................................

chapters, affiliates,

10 Was a copy of the Form 990 provided to the organization's governing body before it was flied? All organizations mustdescribe in Schedule 0 the process, if any, the organization uses to review the Form 990

11 Is there any officer, director or trustee, or key employee listed In Part Al, Section A, who cannot be reached at theorganization's mailing address?U'Yes,' provide the namesandaddresses In Schedule 0

Section B. Policies

12a Does the organization have a written conflict of interest policy? If 'No,' go to line 13 ............................................................b Are officers, directors or trustees, and key employees required to disclose annually Interests thatcould give rise

to conflicts? .....................................................................................................................................................................c Does the organization regularly and consistently monitor and enforce compliance with the pofcy.? If 'Yes,' describe

In Schedule 0 how this Is done ..........................................................................................................................................13 Does the organization have a written whlstlebiower policy? .................... .......14 Does the organization have a written document retention and destruction policy? ,,,,,,,,,,,,,,,, ,,,.,16 Did the process for determining compensation of the following persons Include a review and approval by independent

persons, comparability data, and contemporaneous substantiation of the deliberation and decision:a•ihe organization's CEO, Executive Director, or top management official? _., ...b Other officers or key employees of the organization? .........................................................................................................

Describe the process In Schedule O. (see Instructions)16a Did the organization Invest In, contribute assets to, or pa rt icipate In a)oint venture or similar arrangement with a

taxable entity during the year? ..........................................................................................................................................b If 'Yes,' has the organization adopted a written policy or procedure requiring the organization to evaluate Its participation

In joint venture arrangements under applicable federal tax law, and taken steps to safeguard the organization's

466

7a

7b

^Ti'S~8..

1 ab

Yes No

XXXX

XX

9b

10

exempt status with respect to such arrangements? .,......••.•.. •••••,•,,,,,,,,,,,,,,,,,,,„ 16bSection C. Disclosure17 Ust the states with which a copy of this Form 990 is required to be filed►AL , AK, AZ , AR, CA, CT , FL , GA, I L, KS , KY, ME18 Section 6104 requires an organization to make its Forms 1023 (or 1024 If applicable), 990, and 990•T (501 (c)(3)s only) available for

public inspection. Indicate how you make these available. Check all that apply.0Own website El Another's website ® Upon request

19 Describe In Schedule 0 whether (and if so, how), the organization makes its governing documents, conflict of inte rest policy, and financialstatements available to the public.

20 State the name, physical address, and telephone number of the person who possesses the books and records of the organization: )0-ELLIOT J. HAGLER, CPA - (212)769-780615 WEST 65TH STREET, NEW YORK, NY 10023

8320061 2 - 19.0 e SEE SCHEDULE 0 FOR FULL LIST OF STATES Form 990 (2008)6


Form990(2008) THE JEWISH GUILD FOR THE BLIND 13-1623854 Page7

compensation of Officers, rectors, Trustees, Key Employees, Highest Compensated

Employees, and Independent Contractors

Section A Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees

is Complete this table for all persons required to be listed. Use Schedule J•2 If additional space Is needed.

• List all of the organization's current officers, directors, trustees (whether individuals or organizations), regardless of amount of compensation,

and current key employees. Enter -0- in columns (D), (E), and (F) If no compensation was paid.

• List the organization's five current highest compensated employees (other than an officer, director, trustee, or key employee) who received

reportable compensation (Box 5 of Form W2 and/or Box 7 of Form 1099-MISC) of more than$100,000 from the organization and any related

organizations.

• Ust all of the organization's former officers, key employees, and highest compensated employees who received more than $100,000 of

reportable compensation from the organization and any related organizations.

• List all of the organization's former directors or trustees that received, In the capacity as a former director or trustee of the organization,

more than $10,000 of reportable compensation from the organization and any related organizations.

List persons In the following order. individual trustees or directors; Institutional trustees; officers; key employees; highest compensated employees;

and former such persons.

(-7 k thl b if th r anlzatlon did not compensate an officer, dire ctor, trustee, or ke employee.Chec e ox e o g(A) (B) (C) (D) (E) (F)

Name and Title Averagehours

Position(check all that apply)

Repo rt ablecompensation

Repo rtablecompensation

d

Estimatedamount of

thper from from relate o er

week the organizations compensationorganization (W2/1099•MISC) from the

(tN•2/1099•M1SC) organization

~ eand related

nizationstl orga

ALAN R. MORSEPRESIDENT AND CEO 10.00 X X 199,775. 513,706. 130,021.

JAMES M. DUBIN2 00 X X 0. 0. 0.

CHAIRMAN .LAWRENCE E. GOLDSCHMIDT

L I 0 0. 0.TREASURER 0.30 X X .

PAULINE RAIFF300 X X 0. 0. 0.

DIRECTOR .MARC S. SOLOMON

0 0 0.SECRETARY 0.30 X X . .

STEVEN E. BOXER0 0. 0.

DIRECTOR 0.30 X .

RACHEL BRIER0. 0 0.

DIRECTOR 0.30 X .

CAROL T. FINLEY0 0. 0.

DIRECTOR 0.30 X .

DAVID R. GREENBAUM0 0.

0.DIRECTOR 0.30 X .

NEIL S. JANOVIC0 0. 0.

DIRECTOR 0.30 X .

THOMAS G. KAHN300 X 0. 0. 0.

DIRECTOR .

ANDREW H. MARKS0 0. 0.

DIRECTOR 0.30 X .

SUSAN MENDIK0 0. 0.

DIRECTOR 0.30 X .

ROBERT B. OKUN0 0. 0.

DIRECTOR 0.30 X .

JANE RITTMASTER0 0 0.

DIRECTOR 0.30 X - . .

BETH A. ROGERS0 0 0.

DIRECTOR 0.30 X . .

BRUCE A. SILBERSTEIN0 0 0•DIRECTOR 0.30 X . .

1 as20o1 12-1a-0e

18521027 733030 JGB

orm

72008.04020 THE JEWISH GUILD FOR THE BL JGB 1

Form 990 (2008)

PI. ~~~~I Section A. Officers, Directors, Trustees, KeEm lo ees, and Highest ompensatedEmplooes/continuarfle(A)

Name and title(B)

Averagehours

perweek

(C)Position

(check all that apply)

s ~$

aV. I

(D)Reportable

compensationfromthe

organization(W-2/1099•MISC)

(E)Reportable

compensationfrom related

organizations(W2/1099•MISC)

(F)Estimatedamount of

othercompensation

from theorganizationand relatedand related

organizations

DAVID M. SULLIVAN, JRDIRECTOR 0.30 X 0. 0. 0.ELLIOT J. HAGLEREXEC VICE PRES & CFO 5.00 X 44,956. 247,954. 82,122.CATHLEEN WIRTSSR VICE PRESIDENT 35.00 X 207,780. 0. 40,175.ANGELA VIGLIAROLOASSISTANT SECRETARY 26.00 X 43,808. 14,603. 11,794.SARAH SPICEHANDLERASSISTANT SECRETARY 26.00 X 13,505. 4,502. 4,585.BARBARA J. KLEINDIR DEVELOPMENT 35.00 X 151,910. 0. 35,153.KELLYANNE CAIVANOVP FINANCE 35.00 X 184,757. 0. 48,349.LARRY D. CARRDIR PROG INTEGRITY 35.00 X 189,742. 0. 22,209.ROY G. COLEDIR VIS PROG DEV 35.00 X 165,018. 0. 19,988.MELISSA ROSENBAUMVP HUMAN RESOURCES 35.00 X 150,100. 0. 42,736.

otai ...................................................................... ... No. , 5 352 Total number of Individuals (including those in 1 a) who received more than $100,000 in reportable

8C ,132--.

compensation from the organization ......................................................................... .................................................... ► 100

3 Did the organization list any former officer, director or trustee, key employee, or highest compensated employee online 1 a? If 'as' complete ScheduleJfor such Individual ...................................................................................................

4 For any Individual listed on line 1 a, Is the sum of reportable compensation and other compensation from the organizationand related organizations greater than $150,000? If 'Yes, `complete Schedule J forsuch Individual .......................................

6 Did any person listed on line la receive oraccrue compensation from any unrelated organization for~services rendered to

es NO

the organization? If 'Yes, ° complete Schedule J forsuch person 5 XSection B. independent Contractors1 Complete this table for your five highest compensated Independent contractors that received more than $100,000 of compensation from_the organization.

(A)Name and business address

(B)Description ofservices

(C)Compensation

PINNACLE CONSULTING GROUP, INC.155 WILLOWBROOK BLVD, WAYNE, NJ 07470 IT SERVICES 4,019,459.JPC CONTRACTING287 NORTHERN BLVD, GREAT NECK, NY 11021 ONSTRUCTION 1,182,483.SAFETY BUILDING CLEANING CORP149 MADISON AVENUE, NEW YORK, NY 10016 LEANING SERVICES 660,183.COMPENSATION GUIDANCE SERVICES, INC.5308 NEW UTERECHT AVE, BROOKLYN, NY 11219 ONSULTANTS 546,981.LOEB & TROPER LLP655 THIRD AVENUE, NEW YORK, NY 10017 UDITING/CONSULTANT 263,129.

2 Total number of Independent contractors Qncluding those In 1) who received more than $100,000 In compensation ,:from the organization ► 11 ~

832008 12-18-08

THE JE6+IISH GUILD FOR THE BLIND 13-1623854 PageB

Form 990 (2008)

818521027 733030 JGB 2008.04020 THE JEWISH GUILD FOR THE BL JGB___ 1

CQI

cc

H32b64-02-o2-D9

i a Federated campaigns ,,,,,,,,,,,,,,,,,, 1a

b Membership dues ,-,,,,-„,,,,,,,,,,,,,,, 1b

o Fundralsing events ,,,,,,,,,,;,,

d Related organizations ,,,,,,,,,,,,,,,,,,

o Government grants (contributions)

f All other contributions, gifts, grants, and

9

h Total. Add lines 1a-1f ................................................... ►

2a MANAGEMENT SERVICESb INTEREST SUB LOANS

c CBVH CONTRACTd SIGHTCAREe

G

~ Total. Add lines 2a•2f ................... .................. ... ►f All other program service revenue ,,,,,,,,;,,,,,.

Income from investment of tax-exempt bond proceeds ►Royalties ..................................................................... ►

other similar amounts) ................................................... ►

1e

similar amounts not Included above ,,,,,. if 5, 221, 537.

Noncueh cvntribullone Included in Ones ie- it; 28,685.

Investment Income (Including dividends, Interest, an

8ab

cd

7a

Gross RentsLess: rental expenses ,,,,,,,;,

Rental Income or (loss) ,,,,,,

Net rental income or (loss) .

Gross amount from sales of

assets other than InventoryLess: cost or other basis

and sales expenses ,,,,,,,..

Gain or (toss) .....................

Real3,841,106,

3,829,781,

b

c

d8a

b

C

9a

b0

10 a

bc

11,325.

-5-61-UW

13-1623854

(A) (B) (C)Total revenue Related or Unrelated

revenue revenue

Page 9

Revenueexcluded from

tax undersections 512,513, or 514

.r _ : . .:;k•{; i::::

.'r,''s:.'r:a::r4 _ -5678~: ..,!,:::...:, • . .>:t ::.; ;::;`::;:.;:, >.:::.n.<:<:.:;.'..,.._.- . ;X;,: v:::',r..:~:::::;:,;:R _ ?yi:.:~, i:~£:~:.:,.,',:::::;:.~+-.•:::•:1: ;«:~;,.z ..,,~.;,, ,4 ..'.,.t,;;.::,:>:;,,::r:,.,: :. :~,,::. .: • ,:.,,..,..

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2,938. 2,938.

Personal

5,74

1,325.

Net gain or (loss) .........................................

Gross Income from fundraising events (not

Including $ 456,605 : of

contributions reported on line 1c). See

Part IV, line 18 ... .................................... aLess: direct expenses ••,•,-,,,,•,,,,,,,,,,,,,,,,,,, b

Net income or (loss) from fundraising events

Gross Income from gaming activities. See

Part IV, line 19 .......................................Less: direct expenses ,,,,,,,,,,,,,,,,,,,,,,,,,,, b

Net income or Voss) from gaming activities ..

Gross sales of Inventory, less returns -

and allowances .......................................Less: cost of goods sold ,,,,,,,,,,,,,,,,,,,,,,,, b

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Net Income or (loss) from sales of Inventory .................. ►Miscellaneous Revenue Business Code

INSURANCE RECOVERY 9000.99WORKERS COMP REFUND 900099MISCELLANEOUS

d All other revenue ....................................... (e Total. Add lines 11a-11d „•„-•-•,•,••,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ►

12 Total Revenue. Add nnes th, 2g, 3, 4, 6, 6d, 7d, 8c, 9c, 1 0c, and 1/e ►

11 abc

18521027 733030 JGB

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.........................

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`

, .: e_,:''• a'.>:?:;•a::c;'

'- Li1hA ,J3f Vt\ F ~-+' `' ♦ '~Ft FT t ~~.•,.•.u _:..4,`:'::1-.: -„V;•.; tihiRi:'', •r..: ..~s;t;';

.'-.J:i:"vii:ir`:; ..,:h<~-~?'i~~i~

'

_ - rt'e'.,'..:.:#;~:5;?a--tii6`,'~::.aaa

i:Kti: "•Y:#4<r:~:rs., v~;°•;E.%c,....:62,156,425. .,.F<3;;f:; ~a;:.:i:

rl•.: :>. ,., ':r`'';~> ,~:•. : <;..r..

. s

,•,.t .^r,^_ ,~:e„.^' ii: ~~{<'~

y., •':;2~;<'i~r.~.} ~:4 '~5 •2,953,456.

. ~"'i~tr; ':5:_• w.•':~ :{.:•t..i :+,:}G:?5 ;F:;

: ~. r-✓....i},.._..:: yx.i:fi~' J4.:i..'.~.,

c,S;...>: ,: .:F '

+,

t.,.t:.•.,t

'r~ti:...•i:~+~~'_

900 099

2008.04020

2 J.51,045,482,

npt function business

40,861,728.

4,725,438,

1,653,805.

-5-,74-5.

11 r

^6,7~d,Y."iv,

1,439,131,

58 ,797.6,635.

Form 990 (2008)

9THE JEWISH GUILD FOR THE BL JGB 1

Form 990 (2008) THE JEWISH GUILD FOR THE BLIND_a .. :.. Statement of Functional Expenses

13-1623854 Page10

Section 601(c)(3) and 601(c)(4) organizations must complete all columns.All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).

Do not Include amounts reported on fines Bb, T tal(A) I

I76. 8b. 9b_ and 10h ef Part VI,I. 0 expenses Program serv ce Management and Fun raising

1 Grants and other assistance to governments and

organizations In the U.S. See Part IV, line 21 ,,,.,.2 Grants and other assistance to Individuals In

the U.S. See Part IV, line 22 ,,,,,,,,,,,,,,,,,,,,,,,,,,,3 Grants and other assistance to governments,

organizations, and Individuals outside the U.S.See Part IV, lines 15 and 16 „,,,,,,,,,,,,,,,,,,,,,,,,,

4 Benefits paid to or for members ,,,,,,,,,,,,,,,,,„_6 Compensation ofcurrent officers, directors,

trustees, and key employees ,,,,,,,,,,,,,,,,,,,,,6 Compensation not included above, to disqualified

persons (as defined under section 4958(f)(1)) andpersons described In section 4958(c)(3)(8) ,.,,,....

7 Other salaries and wages ...........................8 Pension plan contributions (include section 401(k)

and section 403(b) employer contributions) .........9 Other employee benefits ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

10 Payroll taxes ................................................11 Fees forservices (tion-employees):

a Management ................ ................................b Legal ......................... ...................................c Accounting ...................................................d Lobbying ......................................................a Professional fundraising services. See Part IV, line 17f Investment management fees ,,,,,,,,,,,,,,,,,,,,,,,,g Other .......................................... ..................

12 Advertising and promotion ...........................13 Office expenses .............................................14 Information technology ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,15 Royalties ......................................................16 Occupancy ...................................................17 Travel .........................................................18 Payments of travel or entertainment expenses

for any federal, state, or local public officials19 Confe rences, conventions, and meetings ......20 interest ......................................................21 Payments to affiliates ....................................22 Depre ciation, depletion, and amortization ......23 Insurance ...................................................24 Other expenses. Itemize expenses not covered

above. ( Expenses grouped together and labeledmiscellaneous may not exceed 5% of totalexpenses shown on line 25 below.) .....................

a RENTAL OF MAILING LIST

b MEDICAL SUPPORT SERVICEc CLIENT TRANSPORTATION

d DUES AND SUBSCRIPTIONS

e DIRECT CLIENT EXPENSESI All other expenses

v r.vnvvv ~ yvnv.a.vnF.vnvov i vnNo~woa

25 Total functional expenses. Add lines t through 24f 1 47,243,9691 28,773,322. 1 17,296, 453. 1 1,174,26 Joint Costs. Check here ► LLJif following .

SOP 98•2. Complete this line only If the organizationreported In column (8) pint costs from a combinededucational campaign and fundraising Solicitation ...

e92010 12-19-e 8

18521027 733030 JGB

Form 990 (20 08)10


Form 990 (2008) THE JEWISH GUILD FOR THE BLIND=a _ 0~

13-1623854 Pagell

~..: . ~.: ....,..

(A) (8)Beginning of year End of year

7 .st•bearinInterhC ' '

g ...........................................................................• non• eas1. .:cash investmentsorard temiS , 832, • 2 32,080,410.... ....... .........................................ypngs anav2

net .....rants receivabledl d 3 ' ', ..........................................................gges an3 P e

netbli / 4 7' •..............................................................................va e,4 Accounts rece

6 Receivables fro m curre nt and former officers, directors, trustees, key

Complete Part II of Schedule Lartiesther relatedl 5................poyees, or oemp f:_ -i; Tv 'i: .:15 4 V ~ _ •::~y•~~~1's

6 Receivables from other disqualified persons (as defined under section.` . y~: T'-i:. :~-i o';*.:7:~.::~r~.f.i»:•: i'r-

.i'i~:iA'4^i':;:

:i: ,.r:, -.. .':;y .h;;• '4~

4958(f) (1)) and persons described In secti6n.4958(c)(3)(B). Complete ~ :~ " •: E 2~., ,.>.Of~ ,• A , • ,r.. .. + ^ ~* .h F. .•_. - :.: :+{

le Ldh11 f S 6....................................................................................c e uoPartneteivabled l 7J2 .....................................................................,oans rec7 Notes an

1 379716le or usefi 61445. 8 ,

..............................................................................or saes8 Inventor9 2351 9 .1

a and deferred chargesid./ ,.„••„expenses9 Prepa _ ... .F....~ i4..., •.~.. t •.p ;• .:{..~t:::: •: e- r: <

buildings, and equipment: cost basis ,,,1 0e Land, 110a 56 0 2914 9, /

tT.:i:'.•>_•,k,: ' fj{T" ,•~% ~• '>~~ .

~Y~S.•- n~~ '-1•4~~T 'Ae':::{'Gi Y;X.>~.CTi

r .:ia-.5ry.ni4,::i:t~., ,j!''.:::`

'...'4i::,.•~~ . ' 'r' ~..:~r{';~1':~~ „

F.S[iivi:.'(~~4.~},v.i?i.

~b Less accumulated depreciation. Complete.

y..: ::t

~ ; ::~ ::s,» ::.r:`% ? ;: r'~~.. r~~`'•~ `

~ X ~-•• ' =h>~>y14 s~" ~

fSchedule DtVIP 10b 2 5 ,A24, 479 . 2 4, 257,0 3 9. 10c 24,235,812.,,,,,•,,,,,,,,-,•...................oar

64 239074 11 746.16 687traded securitiest blicl •,, ,,

-- -.........................................................ys • pu11 Investmen

line 11See Part IVr securitiestht 33,138,252. 12 62.29,326,7......................,,,•,,,,,,,,,,,,,,,,,.s • o e12 Investmenline 11See Part IVam-relatedt

13,, ................................. „-,,.s • progr13 Investmen...tibl 14...........................................................................e asse14 Intang s ..-.......

4095 411 99519~.......e Part IV line 11Sth

,54 .20, 15 ., ,...........................................................es.er asse15 Ot

34l li 158,304, 6 4. 16 7•123,395,.............................ne16 Total assets. Add lines 1 through 16 must equa7 0.ensesd accrued exbl

28,490,76 - 17 ' ' •..p ...................................................e an17 Accounts payabl

18.............................................................................................e18 Grants paya

: '. 19 129,870..........................................................................................19 Deferred revenue

d liabilitiest b 20on20 Tax-exemplete Part IV of Schedule D .......Comt liabilit 21

-e

,,,,•,,,,,,,,,,,,,,•...y. p21 Escrow accounemployees,22 Payables to current and former officers, directors, t rustees , key

. ~`.:..

} ~ ~: .r : •..:.`:`5':: `::. ; .~,~::.~>,.,~>;.:

- - ~~ . ;:xs:;...c'' .;1;.i-<'~4>~•`:

v :.~,.~s..<.:>;,~;.;:»,~:~:-::' :~•highest compensated employees, and disqualified persons. Complete Part II

: ._ 4 ~ ,:;F:,:i;-sc.:•..;.P.:.:.~~°t,':'s'fj:`.'S`i`:hcr::i;_;.~. •„ ,;, :~ ;;,,:;.-;

-`C.;=;} s

: >: .:s:."'}:,:S~i:S?':ii.i;~[{•'a':`•:S.::r.::;f{`;:.+:;:=;s:::<'.r,.....: ., ...... .......:..

Llh dS22.............................................................................................u eeof c

and notes payable to unrelated third partiestd 77 7 7 7 .-T,777,776. 23 , 7 , 2 2 0...................gagesmor23 Secureableansd ltd 24............................................................ypes an oano24 Unsecu re 6304lete Part X of Schedule DCbiliti 7,230, 635. 25 / , •.............................................ompes.25 Other lia

802.73538 26 40,485, 2264........... ..26 Total liabilities. Add lines 17 through 25 ....................................... ,,ileteomOrganizations that follow SFAS 117, check here ► P .,`:'l~i-tiYF.-~:-.t .+: : n 'i ' ~

_~

:`::A:~::hi'_.,.•n~i~•r:,r~(:~~~_ _

'• '• ~

and lines 33 and 34.lines 27 through 29

_ . .::~ i::::1.:~tiiYfs:.: :}f•:i:':"~:: ~~vF: {~;1,.~}.i. .~ :_i.:~~~:: STi:if:,'Y~

-•''};•::)'•-:..+.T%-Ti,'~~?,~ti:rr•:st:,tstd

,603.103,125 27 67,167,745.c ..........asse ...............................................................ne27 Unrestricte

ssetstt dt i 7,484,536. 28 6,708,223.M c e ne ar28 Temporarily res

958,723.8 29 9, 033 , 9 .•0r

.. .29 Permanently restricted net assets .............................................Poo- endk h

,"~>::~.5.. t

r ,T~.•.;x~•`~+~ali.k:i

_ _ ~" '%:'~°';:~ n tt ~erethat do not follow SFAS 117, checOrganizations

_

1L

$ complete lines 30 through 34. ::~.:;,.~.,:<..:....:..:...,:...,:•-...... . ,. ,.~:"_`,......:'•i±'.}' .: ,.;a<;>;: ,~. n .. . .. . ..~.t.>.... ..: !:: . . . .. , . _-.

4 or current fundsalrincitk tl- • ,,,,,,,,,,,,,,,prus porstoc30 Capitaor equipment fundbuildingor landlusital

31,,,,,,,surp31 Paid-in or capor other fundsaccumulated incomewmentdi

32M ............,,ongs, en32 Retained eam 9= ncesld bf 56 8, 33 82 , / •.....................................................,,,,,,,,,,,, ,a aun33 Total net assets or

30A8 HE 7•.................A-1 Tntal Ilabflitles and net assets/fund balances .,15 / 34 , ,

Financial Statements and Reportin9

I Accounting method used to p repare the Form 990: 0 Cash ® Accrual 0Other

2a Were the organization's financial statements compiled or reviewed by an Independent accountant? ,,,•,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

b Were the organization's financial statements audited by an independent accountant? .................................-----....

:.....

c It 'Yes' to lines 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit,

review, or compilation of Its financial statements and selection of an Independent accountant? ,,,,,,,,••,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

3a As a result of a federal award, was the organization required to undergo an audit or audits as set forth In the Single Audit

Act and OMB Circular A•133? .........................................................................................................................:...................

b If 'Yes,' did the organization undergo the required audit or audits? ....................................................................................

832011 12•16-09

18521027 733030 JGB

2a

L2b

Yes

- -s.a

2c

3a

3" X

X

Form 990 (2008)


SCHEDULE A Public Charity Status and Public Support(Form 990 or 990-EZ)

oepartrnemt of the TleasuryInternal Revenue service

Name of t te organization

To be completed by all section 501(c)(3) organizations and section 4947(a)(1)nonexempt charitable trusts.

i► Attach to Form 990 or Form 990-EZ. j► See separate instructions.

THE JEWISH GUILD FOR THE BLINDReason for Public Charity 8 US (All organizations must complete this part.) (see Instructions)

The organization Is not a private foundation because It Is: (Please check only one organization.)1 A church, convention of churches, or association of churches described In section 170(b)(1)(A)(f),2 A school described in section 170(b)(1)(A)(1 I). (Attach Schedule E.)3 ~ Ahospital or a cooperative hospital service organization described in section 170(b)(1)(A)(III). (Attach Schedule H.)4 Q A medical research organization operated in conjunction with a hospital described In section 170(b)(1)(A)( 1 l 1 ). Enter the hospital's name,

ci ty, and state:5 ~ An organization operated for the benefit of a college or university owned or operated by a governmental unit described In

section 170(b)(1)(A)(Iv). (Complete Part Il.)6 ~ A federal, state, or local government or governmental unit described In section 170(b)(1)(A)(v).7 An organization that normally receives a substantial part of its support from a governmental unit or from the general public described In

section 170(bH1)(A)(vi). (Complete Part II.)8 ~ A community trust described In section 170(b)(1)(A)(vi). (Complete Part II.)9 ~ An organization that normally receives: ( 1) more than 331/346 of its support from contributions, membership fees, and gross receipts fro m

activities related to Its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3% of its support from gross investmentIncome and unrelated business taxable income pess section 511 tax) from businesses acquired by the organization after June 30, 1976.Seesection 509(a)(2). (Complete the Part III.)

10 An organization organized and operated exclusively to test for public safety. See section 509(a)(4). (see Instructions)11 ~ An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or

more publicly suppo rted organizations described In section 509(a)(1) or section 509(a)(2). See section 509(a)(3) . Check the box thatdescribes the type of suppo rting organization and complete lines 11e through 11h.a Q Type I b E I Type II c ED Type III • Functionally Integrated d El Type Iil • Other

a ~ By checking this box, I certify that the organization is not controlled directly or Indirectly by one or mo re disqualified persons other thanfoundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).

f If the organization received a written determination from the IRS that It Is a Type I, Type 11, or Type IIIsupporting organization, check this box ,,,,•„•,•,,,••,••,•••••,• ............................................................................................................... 0

g Since August 17, 2006, has the organization accepted any gift or contribution from any of the following persons?

h

(I) A person who directly or indirectly controls, either alone or togetherwith persons described In (IQ and (110 below, Yes Nothe governing body of the supported organization? •,•••,,,.,• •.............................................................................

(11) A family memberof a person described in (i) above? ••,••••••,••,••,••••„•,••„•••.•,••,•,•,•..-.,••,•••••••••-. • 11 II(Itl) A 35% controlled entity of a person descrlbed In (i) or 0f) above? ••,,,••••„•„

.llg(i)

1g Ili..........................................................Provide the following information about the organizations the organization supports.

(1) Name01

supported (ii) EIN (lii) Type oforganizationorganization (described on lines 1-9

above or IRC section

Iv) Is the organizationin cot. (i) listed in yourgoverning document?

(v) Old you notify theorganization in coi.(i) of your support't

(vi) is theor anizaiion in col.(t)organized In the

UM

(vll)Amount ofsupport

(see Instructions)) Yes No es No es No

\~ y

ITotal ~ : ~ ~r ;~~ ~ k r,~;.,_~-~".. . ...r..Y. ~.:~-`T__. ..J,~.~[,, f.-7],...t' i

..r r ~ ~ , ~ t ~ ~r•

LHA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 920. cnhp,t ,,te e ► Gn.n, can een_e 7i nnne

832021 12-17- 0e

1218521027 733030 JGB 2008.04020 THE JEWISH GUILD FOR THE BL JGB__

OMB No. 1545-0047

Employer identification number

13-1623854

Schedule A Form 990 or 990•E 2008 THE JEWISH GUILD FOR THE BLIND 13-1623854 Pa e 2

ec ons v an 17 v;- ~;~ ; support Schedule for Organizations Described in

(Complete only if you checked the box on line 5, 7, or 8 of Part 1.)

vvvuv,. r.. . ....,... ~. ~.~~. -

Calendar year (or fiscal year beginning in)► (a) 2004 (b) 2005 c 2006 (d) 2007 (e)2008 (I) Total

1 Gifts, grants, contributions, and

membership fees received. (Do not

Include any 'unusual grants.') 6,811,083, 6,623,703, 6,022,125, 5,533,387, 5,678,142, 30,668,440,••• •••

2 Tax revenues levied for the organ•

Izatlon's benefit and either paid to

or expanded on Its behalf •••••••,••••

3 Th e value of services or facilities

furnished by a governmental unit to

the organization without charge

4 Total. Add lines l•3 6,811,083, 6,623,703, 6,022,125, 5,533,387, 5,678,142. 30,668,440,••••••••••••••••••••,

6 Th e portion of total contributions, .. .....:;•:-:'vii.

- .:nj~i~`:...::.... ~~k:rti •`+..,.•n::.:.:C.._.:.~N>..:~..,

-;`

•'

.: ...i-~ i-:.i:<::[$:.~.:::C::..

k...;; ~; ;a +. f.~i_: __~li:}:}~'~~:.

.. e.,: .n...y1:!Y:'•-

:n ~'[i+Y'ii#?:•::w>.'._<:.. ~'e~Y.'•`':::._~o+„•:.,Jri

-Rbli hTY:,j.'.:/:*:'.i

t~•_.k~...e`,n:YY:~~~:'-

.s ,> ~_, { ,i ti.

'~:~i>..iR.#•,'{•5.F

(A ZS

.' ~i

'

iy- Y} 1+ F

~ ~' ``byeach person (other than a y.:i~i..~;~:•;. ~,:

'

.: ; :i.F)e:G.._i.

i.:t#-}.~S~ }.!!l-:-.

?. il }}• i a..:::..,. M~ ', l'1"f' y . :Y'} :i~-:::ii::::y_.::..s'~. ;_ ' _~:M 4 • . . l.4.. -`

~ti~:;~ _ t:Y~.. •:i~r'

overnmental unit or publiclyt~:i:? •

-$S ~~.i?v:>~A:~,:T::.'

._ - '-t:. -_ ;:t:>'

i~5:~='~(•i -~:;. .

'-v~?i4.:l,.. ,.Fc, -r%, . o-;5:. ..•r:'~:`

`~:- •::.: ,':r .{.!,

i•.is.:t. ~.~'F'::i~~ •'>>;::...,.

_,.i~::a:<•.,:.3.4i"i'.':_''~..,:.: .r, ..~i :" .. •w.:. _.::'~'t;~.;'a'*eiti+rf:..4• i`:i:f"

~:.r.:c..~.. ~:r~+':1::c,;:.:•i>';,:':n. n_ a:f,.'hC'y.°ryri..i-~;~.7.t;~ .~.,'•i:i~'-~:_?;S'<:? ',~-::,;x:.:::,~.....

' ~ar~...,o.:^,c.c:.:';::~~;F Y .. i~~'~2 ;::t:E ~i,:,;

or9an(zation) Includedsupported . ...,:.{;:.,-i~_. .:..~,.:,~ztv'_.{,[ `iti,.. _ .;;;-: . ~;r.:::,...,...-Y:rs';<. - :`-.r.,:.,...:.= . _'?;>::< t,xR ~" ` '

....,:. •.•,.. .::;+ ::•..;::<>° ~-:,;:- ': ':::'•: : :'S ' ``• ,*._~Fr,....::°~::>:,<>~s.';. }}•:r. _.:r.. .

ine 1 that exceeds 2% of th eon;.. • _. i[4~.r -

-:t+,Y..v ~,':k:L:lni':~:::::Yv:-it•~..r

•'..1..;N.'>i ,.i.y;F•+r,:'v,{ ,`}t•

-'"`

.,•x '.n+-.r- ,:i•:.:+̀Z..4:~~. ...irt~

`• :: z'~ ~;`r ;

~t1Y:y ;. .; iF,'::#v-- :i•:

:F:;%'it~

., :.:5 . ..Y,:•ii<v•F':k~'~ x< .. <=:.:,;

`. „t~::.~...,.k•>s;i;

::if•:'`;:Fi, . Av ,+ ~i'j)l : ~tt:~`T~'w,i~ ~~ '

ii::~:~~ .ni'.{"{'YmV.~..L.:.}.G:i..}:~:}:.i).,~~:

.•r, :~ ^~c3: ;,~;x# i ~+... 4..: .Y1:.,1,'n fti~:: -'~~...i; :.Y:r~ l

~: `;>#::`;Y.~"~t:}.t::."1Ti:l:~.t:t}'. ..4.>., '~1

~:'~':~::; .-- ..4i:::F~•};}' f•t~_i+ . S.::Y}:.+r4+:41.v

.

amount shown on line 11, !!• :a.iH :. r,.1„$i,,Ssu._;:r'.. o}'fS.',;.'r

~'C

~~, z:...<.~: . ~1;'f :'ta:iS::Yi,... ,}<~c ' I:. u

:}r.:-. .i:"h:::iv, ^.~.w..e,

Z:~i{'~+~t%~c~ _

..,:^:t;y:~f:

{j..•sc... :i'- - ..'+:ii3;.`•. .!V'~r

;:}:r ^:~j. •;` ~':j;......r

~ 1 941column (f) 'v„„_~, •~ t ht 1 Sb ::N't ',},'~,• _ •i.l'-_.. _~:i;,, .:tv ~, ~ - r+ ,,.; ~.

., ,3,e

. . .. ........................... .. .. . . . ~ ~ .499,84626

6 Public Support. Subtract fine E from line 4 ~C.:AF .i( ..~".: ~ ~ :lY..... ...r. .-..{......j,i.. ).: :..,,

Sect on B. Total SupportCalendar year (or fiscal year beginning in)0-

7 Amounts from line 4..•••••• ....:........

8 Gross income from Interest,

dividends, payments received on

securities loans, rents, royalties

and income from similar sources .••

9 Net income fromunrelated business

activities, whetheror not the

business Is regularly carried on •,•

10 Other Income. Do not include gain

or loss from the sale of capital

assets (Explain In Part IV.) •••...•.••.•0

M Total30,668,440,

28,015,630.

30,152.58,714,222.

11 Total support Add Iines 7 through 112 Gross receipts from related activities, etc. (see Instructions) 12 108,789,190......................................................................

Section C . Computation of u c uppo Percentage _

13 First five years. If the Form 990 is for the organization's first, second, thind, fourth, or fifth tax year as a section 501(c)(3) •1:1

or anizatlon, check this box and sto here ..................... ................................................... .......... ...........•.--...•..-........_...........-..........

14 Public support percentage for 2008 (line 6, column (f) divlded by line 11, column (t)) .................................... 114 5. 7 2 %A Al5

15 Public support percentage from 2007 Schedule A, Part tV•A, line 26f •,••.••••.,••••••.•...• ..................................

(a) 20085,678,142.

5,500,656.

6,635.

16 . 711

lea 33 1/3% support test - 2008. If the organization did not checkthe box on line 13, and line 14 Is 331/34'0 or more, check this box and .®

stop here. The organization qualifies as a publicly suppo rt ed organization ••,••••••.•.•••,•• ........................................................................

b 33 1/31/6 support test - 2007. If the organization did not check a box on One 13 or 16a, and line 15 Is 331/3% or more, check this box O

and stop here. The organization qualifies as a publicly support ed organization ••••••••.•...•.• ...................................................................

17a 10% -facts -and-otrcumstances test - 2008. If the organization did not check a box on One 13,16a, or 16b, and line 141s 10% or more,

and If the organization meets the 'facts•and•clrcumstances' test, check this box and stop here. Explain In Pa rt IV how the organization

meets the 'facts-and-circumstances" test. Th e organization qualifies as a publicly supported organization .............................................

b 10% -fects- and-ctrcumstances test - 2007. If the organization did not check a box on One 13,113a,16b, or 17a, and line 15 is 10% or

more, and if the organization meets the 'facts•and•clrcumstances' test, check this box and stop here. Explain In Part IV how the

organization meets the 'facts-and-circumstances' test. The organization qualifies as a publicly supported organization ••••••••...•.•••,..••... Io.~

1a Private foundation. if the organization did not check a box on line 13,16a, 16b 17a, or 17b, check this box and see Instructions

.........

0-0

Schedule A (Form 990 or 990-EZ) 2008

83202212-17-08

(a) 20046,811,083,

4,678,146.

5,971.

(b) 20056,623,703.

4,88d,009,

8,227.•~+>::'::`~:~,

13

(c) 20066,022,125,

5,778,223.

6,848.:•.4'~i,t•.:.:F.}.~:''::; Y:... J.:

(d) 20075,533,387,

7,174,596,

2,471.:n}i.,:...:...;:1.~:r:::•.•.u,'.~:t }

: li \:•::i.~::~:::~::.::~;'y:,

.~i.•: ~.~~<~<!;


Schedule A Form 990 or 990•E 2008 Page 3uppo Schedule for Organizations Described In Section 509(a)(2) (Complete only if you checked the box on line 9 of Part 1.)

Section A. Publio Support

14

Calendar year (or fiscal year beginning In)* (a 20D4 (b) 2005 (c) 2006 (d) 2007 (e) 2008 Total1 Gifts, grants, contributions, and

membership fees received. (Do notinclude any 'unusual grants.)

2 Gross receipts from admissions,merchandise sold or services per-formed, or facilities furnished inany activity that Is related to theorganization's tax-exempt purpose

3 Gross receipts from activities thatare not an unrelated trade or bus-iness under section 513

4 Tax revenues levied for the organ-Izatlon's benefit and either paid toor expended on its behalf

6 The value of services or facilitiesfurnished by a governmental unit tothe organization without charge -.-

8 Total. Add tines 1 - 5,,,,,,,,,,,,,,,,,,,,,7a Amounts Included on lines 1, 2, and

3 received from disqualified personsb Amounts Included on lines 2 and 3 tecelvad

from 00m than disqualified persona thatexceed the greater of 1% of the total of lines 9.100, 11. and 12fortheyaar or $5,000 -••••-,--

o Add lines 7a and 7b .................8 Public support SuDUat ine Te IrOm hne S. .

r;a:::.:.:~•..;:: , ..,..., .+w-: ..:.; . .:. :.r..:: :. .:.;,...r..;,.......,..~....:..;;.:;:.,.-:.. .,.. •.,~., • ,:>:t~~^:w:;:_ ,~i::1:~°:,:.._... .... _: .

...:,. .:: ;•..:>:_:,......,...•.~. :,.,...._ ................:•.>:.<:.: -._, :,: ;.•v:+:`:::>•:.:.,..:.,,•.. ~,.:..:: ;, :

Section B. Total Support

Calendar year (or fiscal year beginning in)►9 Amounts from line 6.••••••••••••••„•••-

10a Gross Income from Interest,dividends, payments received onsecurities loans, rents, royaltiesand Income from similar sources ,-,

b Unrelated business taxable Income(less section 511 taxes) from businessesacquired after June 30,1975

C Add lines 10a and lob ..................11 Net income from unrelated business

activities not Included In tine 10b,whetheror not the business isregularly carried on .....................

12 Other Income. Do not Include gainor loss from the sale of capitalassets (Explain In Part IV.) ............

13 Total 8UppOrt (Add lines 9, toc, 11, and 12.)

(a) 2004

k:

(b)_2005

- I ~. .

(c) 2006 d 2007 (0)2008 Total

First five years, If the Form 990 is (or the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,check this box and stop here ............................................................................................................................................................ ►0

Section C. Computation of Public Support Percentage16 Public suppo rt percentage for 2008 pine 8, column (t) divided by line 13, column (f)) ....................................16 Public support percentage from 2007 Schedule A, Part IV-A, ilne 27g .........................................................Section D. Computation of Investment Income Percentage17 Investment income percentage for2008 (line 10c, column (f) divided by Una 13, column (f)) ••••,-•-••-•-••-,-,-,••,18 Investment Income percentage from 2007 Schedule A, Part IV-A, line 27h ...................................................

15

16

17

18

~o

%

19a 33 1/3% support tests - 2008. If the organization did not check the box on line 14, and line 15 Is more than 331/3%, and line 17 Is notmore than 331/3%, check this box and stop here . The organization qualifies as a publicly support ed organization „----,---•,,,,,,,,,,,,,;,,,,, ►0

b 33 1/3% support tests - 2007. If-the organization did not check a box on line 14 or line 19a, and line 161s more than 331/3%, andline 18 Is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization „••_•„•,•• ► ~]

20 Private foundation, It the organization did not check a box on line 14,.19a, or 19b, check this box and see Instructions ........................ ►0ScheduleA (Form 990 or 990•E2) 200B

832023 12•17-08

1418521027 733030 JGB 2008.04020-THE JEWISH GUILD FOR THE BL JGB

i

SCHEDULE C(Form 990 or 990-EZ)

ame of organization Employer Identification numberTHE JEWISH GUILD FOR THE BLIND 13-1623854

To be completed by all organizations exempt under section 501(c) an sec on 527 organizations.See the Instructions forSchedule C for details.

:.~:.If the organization answered "Yes," to Form 990, Part IV, line 3, or Form 990-EZ, Part VI, line 46 (Political Campaign Activities), then

• Section 501(c)(3) organizations: Complete Parts I•A and B. Do not complete Part I.C.• Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I•A and C below. Do not complete Part I•B.• Section 527 organizations: Complete Part i•A only.

If the organization answered "Yes," to Form 990, Part IV, fine 4, or Form 990-EZ, Pert VI, line 47 (Lobbying Activities), then• Section 501(c)(3) organizations that have filed Form 5768 (election under section 601(h)): Complete Part iI•A. Do not complete Part H.B.• Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part If-B. Do not complete Part II-A.

If the organization answered "Yes," to Form 990, Part IV, line 6 (Proxy Tax), then• Section 501(c)(4), (5), or (6) organizations, Complete Part III.

N

Political Campaign and Lobbying ActivitiesFor Organizations Exempt From Income Tax Under section 501(c) and section 627

0MB No. 1645-0047

1 R 'Int""` `

w"

ue

Sarvta110, Attach to Form 990 or Form 990-EZ. -(~?sAeQ.~r4

Department ofineTfaAsury 10, To be completed by organizations described below.

3 Volunteer hours3 Volunteer hours

1 Provide a description of the organization's direct and Indirect political campaign activities in Part IV.2 Political expenditures .......................................................... ......................................................................... P0. $

b If 'Yes,' descdbe In Part IV.

................................................................................................................................................

Par;t7-8. To be completed by all organizations exempt under section 501(c)(3).See the Instructions for Schedule C for details.

I Enter the amount of any excise tax incu rred by the organization under section 4955 ► $2 Enter the amount of any excise tax Incu rred by organization managers under section 4955 ,,,,,,,,,, ► $_3 If the organization incu rred a section 4955 tax, did it tile Form 4720 for this year? ,•,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, LLJ Yes No4a Was a correction made? ................................................................................................................. .......... E-1 Yes ED No

4 Did the filing organization file Form 1120-POL for this year? ,,,,,,,• ...........................................................................•„D Yea No6 State the names, addresses and employer Identification number (EIN) of all section 527 political organizations to which payments were made.

Enter the amount paid and indicate if the amount was paid from the filing organization's funds orwere political contributions received andpromptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC).If additional space is needed, provide information in Part IV.

..;, oa.... ;;: o e completed by all organizations exempt under section 501(c), except sectionSee the Instructions for Schedule 0 for details.

1 Enter the amount directly expended by the filing organization for section 627 exempt function activities ............2 Enter the amount of the filing organization's funds contributed to other organizations for section 527

exempt function activities ~ .................................................... ................. $ _3 Total of direct and indirect exempt function expenditures. Add lines 1 and 2 and enter here and on

Form 1120-POL, line 17b ................................................................................................................................. $

(a) Name (b) Address (c) EIN (d) Amount paid fromfiling organization's

funds. If none, enter •0•.

(e) Amount of politicalcontributions received and

promptly and directlydelivered toa separatepolitical organization.

If none, enter •0•.

LHA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule C (Form 990 or 990-EZ) 2008B92041 12-18•08

18521027 733030 JGB17


ton c

Schedule C orm 990 or 99o-EZ) 2008 THE JEWISH GUILD FOR THE BLIND 13-1623854 Pa e 2To be completed y,organizations exempt under section c that flied Form-501. .. . .. .....(election under section 501(h)). See the Instructions for Schedule C for details.

A Check ► if the filing organization belongs to an affiliated group.

B Check 111- El if the filing organization checked box Aand 'limited control' provisions apply,

Limits on Lobbying Expenditures(The term "expenditures" means.amounts paid or Incurred.)

(a) Filingorganization's

totals

(b) Affiliated grouptotals

1 a Total lobbying expenditures to Influence public opinion (grassroots lobbying) ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

b Total lobbying expenditures to Influence a legislative body (direct lobbying) .................................

c Total lobbying expenditures (add lines 1a and 1b) ,,,,,,,.••,,,,•,,,,,,,,,,,,,,,,,,•,,,...,,,,...-,.---...-.-..-,..-......

d Other exempt purpose expenditures ..........................................................................................a Total exempt purpose expenditures (add Ones 1c and 1d) ............................................................

f Lobbying nontaxable amount. Enter the amount from the following table In both columns.

If the amount on line 1e, column ( a) or (b) Is:

Not over$500,000Over $500,000 but not over $1,000,000

Over $1,000,000 but not over $1,500,000

Over $1,500,000 but not over $17,000,000

I Over $17,000,000

The lobbying nontaxable amount is:

20% of the amount on line 1e.

$100,000 plus 15% of the excess over $500,000.

$175,000 plus 10% of the excess over $1,000,000

$225,000 plus 5% of the excess over $1,500,000.

$1,000,000.

g Grassroots nontaxable amount (enter 25% of line 10 ....................... ..................:........................

h Subtract line 1g from line 1a. Enter •0• If line g Is more than line a,,,,,,,,,•.•,,,•,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

I Subtract line if from line 1c. Enter •0• If line f is more than line c,,,,••„_„_,,,,,_,.••_,,,••,,,.•,,,,,,,,,,,,,,,,,, ~

} If there Is an amount other than zero on either One 1h. or line 11, did the organization file Form 4720

reporting section 4911 tax for this year? ............. .. .................................................................................... [D Yes O No

4-Year Averaging Period Under Section 501(h)(Some organizations that made a section 501(h) election do not have to complete all of the five

columns below. See the Instructions for lines2a through 2f of the Instructions.)

Lobbying Expenditures During 4-year Averaging Period

Calendar year (a) 2005 (b) 2008 (c)2007 (d) 2008 (e) Total(or fiscal year beginning In)

2a Lobb in non-taxable amount 1,000,000. 1,000,000. 2,000,000.Lobbying ceiling amount

. .... .............., .:..E'IJ:~;%;iii;:''_'%::i+'ii;:?3:i:.in . .,, ,+,, ~':

.;'...~::.:..:_.:~.::,.,,. .- .:r..~~~.- :~i~$t::..J.,:.- . ,.: <::n: •,{-

- -: :.:<.•.r:•_n:::'r.'5;:::;:".4'.F...1':~

.:•Lys.,,".,s ..::: •'::;,-

'. .c,:::.~:'3i:::;si;:.:::;.'S';i:?iar.'• _< : . -;: .:... . .. '.~:;, :}xi;•n ::FT.:i::.•:.,.,.: <... ,..<.. .. ...:,.. :,.~

, , ,; : ::<....:...... .::{i~,•...'.,. ... .,~:.. . ..:.,..;.,.:>:,::::..;. .:~_- }::' :;a:•=; tr

.c2}!f:, .......:::: .;~.; >r:•; ..

t..S:iF:Y;, :::i`"•l'r: 3 000 000.(150% of line 2a, cotumn(e)) .t•>:a::«:;.w:<•.a: . ..::>,;...;.:::.:~~:-::;,:;:"~:~:: ,...->: ...... ,-::!:;c:.:••: , ,

c Total lobbying expenditures 47,900. 95,779. 143,679.

d Grassroots non-taxable amount 250,000. 250,000. 500,000.Grassroots ceiling amount

.. .:....:;{.,: _ _- i:'u"..:.. .... . . ,~.;•. -"~4:n

. ...~,.~.: ~- ::,,'.•:•~,:- :._:::•.. •.fi:'c'<•i~"~<:~s ^ws: i::'>::~:

::.~;r.,'.:.:~ •s:~~<'..:4:-•.Y('~.`•~'.. .• t.::' ~

- - -:~::

0% of line2d, column e! ! ))...~c<.~: ::..:

i:i':j `•~~'•':.{F .~:~:~ :: ~~i~ ,• ...,..::>;=:,'.. .~.:. .>:.H!-.-::::.-i__:.._a.n.5:.. .... _.

t:f!.'iT!.,...a:v4{}v :;"<

: f~: ....,,._ .,.~.:"... :::..:,,••.::..........r:w;...:'%.....i..:i•:l,1.}.

. : T.._....- '-`T•.: iG:.'.v.::. ..~:::~~ ~>x'., .;,:-.•: .:::.:: ..:.Y. .:... ~

_•=_ _: ~i. :i :'.::.,n"a:.~•i ~' '::~~::.~.<...: :~~; 50.000 .

f Grassroots lobbying expendituresSchedule C (Form 990 or 990-EZ) 2

832042 12-18-08

-2-5-0,000.0.


ScheduleC (Form 990or990- E 2008 THE JEWISH GUILD FOR THE BLIND 13-1623854 Pa e3a: ..;.-- ..: To be completed by organizations exempt under section 501(c)(3) that have NOT e Form 5768

(election under section 501(h)). See the instructions for Schedule C for details.

(a)

Yes

...............................................................................................................d Mailings to members, legislators, or the public? ,,,,,,,,,,,,,,,,,,,,,,,,,,•,•,,,,,,,,,.,_,,,,,...,,,..,.....,..............e Publications, or published or broadcast statements? ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,f Grants to other organizations for lobbying purposes? ,,,,,,,,, ,,,,,,,,,,,,,,,,,,,,,,•,•,.,..,...._.......,_...._,.,_.g Direct contact with legislators, their staffs, government officials, or a legislative body? ,,,,,,,,,,,,,,,,,,h Rallies, demonstrations, seminars, conventions, speeches, lectures, or any other means? ............I Other activities? If 'Yes," describe in Part 1V .................................................................................I Total flnes.l c through 11 ............................................................................................................

2a Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .,,,,.,,,,,,b If 'Yes," enter the amount of any tax incurred under section 4912 ,,,,,,,,,,,,,,,,,,,,,,,;,,,,,,,,,,,,;,,,,,,,,,,, ,c If 'Yes,' enter the amount of any tax Incurred by organization managers under section 4912 .........d if the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ..................

P4rt1.. To be completed by all organizations exempt under section 501(c)4 ,501(c)(6). See the Instructions for Schedule C for details.

...•.?k¢. ~'s'...•..

FCz:.::A..t#:i'r

No

LK~

section 501 (c)(5), or section

1 Were substantially all (90% or more) dues received nondeductible bymembers?2 Did the organization make only In-house lobbying expenditures of$2,000 or less7 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,•,,,•,,,.,,.,_3 Did the organization agree to ca over lobbying and political expenditures from the prior ear7 ...........................

Paf~t;::..1=, , To be Completed by all organizations exempt under section 501(c)(4), section 501501(c)(6) If BOTH Part III-A, questions I and 2 are answered "No" OR If Part (((-A, question 3(sanswered "Yes." See Schedule C instructions for details.

1 Dues, assessments and similar amounts from members .......................................................................................2 Section 162(e) non-deductible lobbying and political expenditures (do not Include amounts of political

expenses for which the section 627(f) tax was paid).a Current year ......................................................................................................................................................b Carryover from last year ....................................................................................................................................

a Volunteers?

1 During the year, did the filing organization attempt to Influence foreign, national, state orlocal legislation, including any attempt to influence public opinion on a legislative matteror referendum, through the use of.

.................................................................................................................................b Paid staff or management (fnclude compensation In expenses reported on lines 1c through 1i)?c Media advertisements?

c Total ..................................................................................................................................................................3 Aggregate amount reported In section 6033(e)(1)(A) notices of nondeductible section 162(e) dues ,,,,,,,,,,,,,,,,,,,4 If notices weresent and the amount on line 2c exceeds the amount on One 3, what portion of the excess

does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and politicalexpenditure next year? .......................................................................................................................................

5 Taxable amount of lobbying and political expenditures Qine 2c total minus 3 and 4) .............................................P,attm Supplemental Information

I23

(b)

Amount

~;tn -7_1_L_1_____7

Yes

(c)(5), or sect

I

2a

2b

2o

3

4

6

No

ion

Complete this part to provide the descriptions required for Part I•A, line 1; Part 1-B, line 4; Part I-C, line 5; and Part II-B, line 11. Also, complete this partfor any additional Information.

e32043 12- 18 -0 eSchedule C (Form 990 or990-Et) 2008


Schedule D(Form 990)

Department of the TieasuryIntmnel Revenus senlce

Name of the organization

year ►4 Number of states where property subject toconservation easement Is located► .

5 Does the organization have awritten policy regarding the periodic monitoring, Inspection, violations, and

enforcement of the conservation easements it holds? ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,;,,,,,,,,,, ,,,,,..,,,-.,,............

Supplemental Financial Statements►Attach to Form 990. To be completed by organizations that

answered "Yes," to Form 990, Part IV, line 6, 7, 8, 9, 10, 11, or 12.


1:;p.. rks,_;: Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete If theorganization answered 'Yes° to Form 990, Part IV, line 6.

(a) onor a vse n s

1 Total number at end ofyear .............................................2 Aggregate contributions to (during year) ........................

3 Aggregate grants from (during year) ..............................

4 Aggregate value at end ofyear .......................................

OMB No. 1545-0047

2008:' flris ectl9r~=;;;;;'kt_t'~:-:~:•:~: -:.,1?.,.: ,....~. ...... ..

Employer Identification number13-1623854

(b) Funds and other accounts

5 Did the organization inform all donors and donor advisors in writing that the assets held In donor advised funds

are the organization's property, subject to the organization's exclusive legal cont rol? ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, M Yes -1 No

6 Did the organization Inform all grantees, donors, and donor advisors In writing that grant furids may be used only

for charitable purposes and not for the benefit of the donor or donor advisor or other Impermissible private benefit? ...... ED Yes Q No

Pai~lf' I Conservation Easements. Complete if the organization answered " Yes' to Form 990, Pa rt IV, line 7.

1 Purpose(s) of conserv ation easements hold by the organization (check all that apply).

ED Preservation of land for public use (e.g., recreation or pleasure) [] Preservation of an historically Important land area

0 Protection of natural habitat El Prese rvation of certified historic structure

F-] Preservation ofopen space

2 Complete llnes 2a-2d if the organization held a qualified conservation contribution In the form of a conse rvation easement on the last day

of the tax year.

a

b

c

d

El Yes F-1 No

6 Staff or volunteer hours devoted to monitoring, Inspecting, and enforcing easements during the year►7 Amount of expenses Incurred In monitoring, inspecting, and enforcing easements during the ye ar► $

8 Does each conse rvation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)n

and section 170 (h)(4)(B){iQ? ...............................................................................................................................:.......... O Yes ONo

9 In Part XIV, describe how the organization repo rts conservation easements in Its revenue and expense statement, and balance sheet, and

Include, If applicable, the text of the footnote to the organization's financial statements that describes the organization's accounting for

conservation easements.

Pat't;f ,. Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.Complete if the organization answe red 'Yes" to Form 990, Part IV, line 8.

1a If the organization elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of a rt , historical

treasures, or other similar assets held for public exhibition, education, or research in furtherance of public se rvice, provide, in Part XIV, the text of

the footnote to Its financial statements that describes these Items.

b If the organization elected, as permitted under SFAS 116, to report in its revenue statement and balance sheet works of art, historical treasures,

or other similar assets hold for public exhibition, education, or re search in furtherance of public service, provide the following amounts relating to

these Items:

(I) Revenues Included in Form 990, Part VIII, line 1,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ....... $

(II) Assets Included in Form 990, Part X ................................................. .............................................. ► $

2 If the organization received or hold works of art, histodcal treasures, or other similar assets for financial gain, provide

the following amounts required to be reported under SFAS 116 relating to these Items:

a Revenues Included in Form 990, PartVIII, line 1 .......................................................................................... 1110. $

b Assets Included In Form 990, Part X ...............:......................................................................................... ► $

LHA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule D (Form 990) 2008

53205112-23•08

t:':

2a

2b

2c

2d

Hold at the End of the Year

3 Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the taxable

Total number of conservation easements ................................................................................................

Total acre age restricted by conservation easements ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

Number of conservation easements on a certified historic structure Included in (a) ....................................

Number of conservation easements Included In (c) acquired after 8/17/06 ................................................


Schedule D (Form 990) 2008 THE JEWISH GUILD FOR THE BLIND 13-1623854 Page 2:..,;::.,.,:T Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (conttnuea)

3 Using the organization's accession and other records, check any of the following that are a significant use of its collection Items (check allthat apply):

a 0 Public exhibition d 0 Loan or exchange programsb Q Scholarly research a ED Otherc Q Preservation for futu re generations

4 Provide a description of the organization's collections and explain how they further the organization's exempt purpose in Part XIV.6 During the year, did the organization solicit or receive donations of a rt , historical treasures, or other similar assets

to be sold to raise funds rather than to be maintained as part of the organization's collection? ....................................... F-1 Yes ON.P_at:t;iV:: Trust, Escrow and Custodial Arrangements. Complete If organization answered 'Yes' to Form 990, Part IV, line 9, or

repo rt ed an amount on Form 990, Part X, line 21.

._____________________

la Is the organization an agent, trustee, custodian or other Intermedia ry for contributions or other assets not Includedon Form 990, Pa rt X? ................................................................................................................................................... 0 Yes

b If 'Yes,' explain the arrangement In Pa rt XIV and complete th e following table:

Amount

NO

c Beginning balance ......................•..........................................•................................•.........•.•..................d Additlons during the yeare Dlstributions during the year .............................................................................................................f Ending balance

2a Did the organization Include an amount on Form 990, Part X, One 21? ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,•,,,,•,,,,,,,••••••••,••••••••••••••••••-• Yes Nob If "Yes," explain the arrangement In Part XIV.

Park :.: ;:::: Endowment Funds. Complete If organization answered 'Yea' to Form 990, Part IV, line 10.(a) Current year (b) Prior year (o Two years back (d) Three years back e Four years back

Permanent endowment ),- 100.00 %

by:( 1) unrelated organizations ................................................................................................................................................(ii) related organizations ...................................................................................................................................................

b If 'Yes' to 3a(iQ, are the related organizations listed as required on Schedule R? ,-,,,,,•„-,,,,,.••„••,•••-•,••-•-•......••--••-•••••••..--._••••4 Describe in Part MV the Intended uses of the organization's endowment funds.

Investments - Land, Buildings, and Equipment. See Form 990, Part X, line 10.

3a i

3a li3b

Yes NoXX

Description of Investment (a) Cost or otherbasis (Investment)

(b) Cost or otherbasis (other)

(c) Depreciation (d) Book value

la Land ............................................................ 01 , 16 2 , 5-

: ;:,:ta,r.< .; a:.:::•,.~.,^.: .~.:. ..: .. ... .. . ~.. .. ;> <::.: ., -.;~: 0.1,162,5 0b Buildings . .....................................•............... 39, M,832. 19,438,004. 20,484,828.c Leasehold improvements „•,,,,,,,,,,,,,,,•,,,,,,,,,,,d Equipment ............................... .................... 59, . 111.1 4,390,5 • 2,203,5P7e Other .... .................................... .................... 1,880,848. 1,495,958. , 890.

Total. Add lines la-le. (Column d should e ualForm 990, Part X, column , line 10(c).) •.•,.,••..-•.•,,,,,,,,,,,,,,,,,,,,,•,---•,_-- ► 24 , 23 , .Schedule D (Form 99012008

83205212-23-08

la Beginning of year balance ,,,,,b Contributions ,,,,,•,•,,,,,,• .. ... .. ..

c Investment earnings or losses „•„•,,,•,,,,•d Grants or scholarships ...........................

and programs .............................. .........

f Administrative expenses ,•,,,,•,,,,,,9 End of year balance ..............................

e Other expenditures for facilities

9723948. ..,; •_•• ~~`:::,....

-2 36 ~•:~::: .,..,...,:..:.

7362559 :.,

bc Term endowment )I- %

- -;~:r~r:^.~fi':o:^.....

•'•>!:.: ~•,~: ,. :,'s~:i.:;...v...,:~vl!.`. ...~i ~

- r2c::;:~::Y - "..:,+}•:>_-.:.=i:.v:[v.,:S........

Tr :~;.rr-: :i•ti<;.:;r.i<:}^.. . J+' . C)rr<::i.:,7

tY::::'.;:c>~YY

i•x.•,~. ~

iF.. _.1 rr ~}, ~~ ,, • _._......:: . ,...$,~ 't~:

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4 389 i .:- ':~'~:: 4

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n. :- . _•.:::iN "4iSi,..... :~•:,::.~ <::

:.~..h-n.-. . ,:.t.. ::>.,..,.::.:,.r .:'it'~ ~..}xn~ -'i'.1 ~.1,•.. .-.:~,:.. : ..~. . :...... ....v.i?.yi~ T'.`':., . . .,.,-,... -.~,..:.:.^..,;_

;i:j<i•i,'T}t.si:`' ::.t!i. :'j:if;; :-1!±1 ,•..~::n:?.j

~. ~xi%;:i-

'(• ! - G<1::;~?F'i `,•?~::!:_

~~Y!~

~~F7: r~i+`t,~: __ _ _

-+.F:.F~•n::::Y:f:<:i ^•i:h'.+ ::\1:e:y:y'•:. _

......... .. .C ...,n .,Y_.:.. -:::. : '::~ . .. ....:. . .... I. . , i

:l ,'}'v _•

........'..;r.t.:_ Y4 :•Y~.:F`~;`':.R~

; y~~ "!: (

, ,~.ifi..

~ t :~..,. - ?-

.~^::... ^...,.:....,, ~. ,;~.•:.: : _e::,.,.`t s~3 ~"4...... ,. ... . .... .... . .. .... . .. -. n...r:-.,.n;:,xrc, : , ; ,.. .: ....., ,.). ..:.. ....

2 Provide the estimated percentage of the year end balance held as:a Board designated or quasi endowment ► %

3a Are there endowment funds not In the possession of the organization that are held and administered for the organization


Schedule D(Form 990) 2008 THE JEWISH GUILD FOR THE BLIND

PaGt:Vll Investments - Other Securities. See Form 990, Part X, line 12.

13-1623854 Page3

(a) Description of security or catego ry(including name of security)

(b) Book value (c) Method of valuation:Cost or and-of-year market value

Financial derivatives and other fin ancial products ,,,.,•,.....................................Closely-held equity interests ... .

Other INVESTMENT IN LIMITEDPARTNERSHIP 16,562,285. END-OF-YEAR MARKET VALUE

HEDGE FUNDS 12,764, . END-OF-YEAR MARKET VALUE

11- -2. ►Total. Col (b) should equal form 990, Part cal B ( lne 112.))o-' 7 67.29,326,

-•:i~.M1-~'~:Ziiv,yot-~u - .:T'. .F.__ _..:.,;~:;_:>_~:;;;:;;,.. ,:::.;r~~:a:•~ s-t-=T-=: :~;::>:..: :.:.

VPA Irt-:11lII Investments - Pro ram Related. See Form 990, Part X, line 13.

Otherequal FormAssets.

990See

Part X, col990

(B),

linePart X

13,. ►

(a) Dascrlptlon of investment type

Col (b) shouldTotal . 77-'PaCk~:IX`

la)

RECEIVABLE FROM AFFILIATES 18,894,740.

ASSETS 517,255.

Total. (Column (b) should equal Form 990, Part X, col (8) line 15.) ................................................................................. ►

15.

19,411, 995.

Schedule D (Form 990) 200822


Schedule D ( Form 990) 2008 THE JEWISH GUILD FOR THE BLIND

l?ar.GXli.

2a

2b

2c

2d

3,15r.

........................................... 2e

51,045,482-.47, M,969.'3,801,51

26,174,53T.-

-14,285,935.'-40,460,47-4o'-36,658, •

3,151.

4a

4b 36,070,32C............................................ 40

6Reconciliation of Expenses per Audited Financial Stateme

I Total expenses and losses per audited financial statements ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,2 Amounts Included on line 1 but not on Form 990, Part IX, line 25:

a Donated services and use of facilities ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,b Prior year adjustments .......................................................................................c Losses reported on Form 990, Part IX, line 25 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,d Other (Describe In Part XIV) ..............................................................................e Add lines 2a through 2d ......................................................................................

3 Subtract line 2e from line 1 ...................................................................................4 Amounts Included on Form 990, Part IX, line 25, but not on line 1:a Investment expenses not Included on Form 990, Part VIII, line 7b ........................b Other (Describe In Part XRO ..............................................................................c Add lines 4a and 4b ............................................................................................

nts With Expenses per Ret

2a~ 3,151.2b

2c

2d

1

2e

3

4a 854,924.4b

4c

36,070,324.51,045,482-.

rn91,637,2 70.

5,248,225.4 6 ,389

854,924.6 Total expenses. Add lines 3 and 4c. is should equal Form 990, Part I, line 18.) ............................................ 5 47 , , .

( P~irt.:X(V Supplemental InformationComplete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Pa rt lll, lines la and 4; Part IV, lines lb and 2b; Part V, line 4; PartX; Part XI, line 8; Part XII, lines 2d and 4b; and Part)(111, lines 2d and Alb.PART V, LINE 4: INVESTMENTS IN PERPETUITY, THE INCOME FROM WHICH IS

EXPENDABLE TO SUPPORT ACTIVITIES OF THE ORGANIZATION $ 8,818,301.

ENDOWMENTS REQUIRING A PORTION OF INCOME TO BE ADDED TO ORIGINAL GIFT

$215,632.

PART X: IN JULY 2006, THE FASB ISSUED INTERPRETATION NO. 48,

ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF FASB

STATEMENT NO. 109 (FIN 48). FIN 48 PRESCRIBES A RECOGNITION THRESHOLD AND

$3205412-23-08

.f?~ft Xl:::. Reconciliation of Change In Net Assets from Form 990 toI Total revenue (Form 990, Part Vlil, column (A), line 12) ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,;,,,,,,,,,,,

_Pa.tt

2 Total expenses (Form 990, Part IX, column (A), line 25) ..........................................3 Excess or (deficit) for the year. Subtract line 2 from tine 1,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,4 Net unrealized gains (losses) on investments ........................................................6 Donated se rvices and use of facilities '66 Investment expenses ............................................................................................7 Prior period adjustments .......................................................................................8 Other (Describe In Part XIV1 ....................................................................................9 Total adjustments (net). Add lines 4.8 .....................................................................

10 Excess or deficit for theyear per financial statements. Combine tines 3and 9 .........

c Add lines 4a and 4b

2 Amounts Included on line 1 but not on Form 990, Part VI11, line 12:a Net unrealized gains on investments ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,•__._.,........b Donated services and use of facilities ..................................................................o Recoveries of prior year grants ...........................................................................d Other (Desctibe In PartXIo ...............:..............................................................e Add lines 2a through 2d ......................................................................................

3 Subtract line 2e from line 1 ...................................................................................4 Amounts Included on Form 990, Part Vill, line 12, but not on line 1:a Investment expenses not Included on Form 990, Part VI11, line 7b ,,,,,,,,,,,,,,,,,,,,,,,,b Other (Describe In Part XIV) ..............................................................................

Reconciliation of Revenue per Audited Financial Statemi

Financial Statements........................ 1

2

3

46

e7s9

10

13-1623854 Page4

nts With Revenue per Retur1 Total revenue, gains, and other support per audited financial statements ..............

............................................................................................5 Total revenue. Add lines 3 and 4c. (rhis should equal Form 890, Part i, line 12.)


2318521027 733030 JGB 2008.04020 THE JEWISH GUILD FOR THE BL JGB_ 1

ScheduleD (Form 990 2008 THE JEWISH GUILD FOR THE BLIND 13-1623854 Pages

a" . : Supplemental Information (contInuad)

MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND

MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX

RETURN. FIN 48 ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION,

INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND

TRANSITION. FIN 48 IS EFFECTIVE FOR FISCAL YEARS BEGINNING AFTER DECEMBER

15, 2006. ON NOVEMBER 7, 2007, THE FASB VOTED TO DEFER FIN 48 FOR ONE

YEAR UNTIL FISCAL YEARS BEGINNING AFTER DECEMBER 15, 2007. ON OCTOBER 15,

2008, THE FASB VOTED TO CONTINUE THE DEFERRAL OF FIN 48, FOR NON-PUBLIC

COMPANIES AND NOT-FOR-PROFITS, FOR AN ADDITIONAL YEAR UNTIL FISCAL YEARS

BEGINNING AFTER DECEMBER 15, 2008.

AS FIN 48 HAS NOT YET BEEN ADOPTED, THE GUILD IS CONTINUING TO USE FASB

STATEMENT NO. 5, ACCOUNTING FOR CONTINGENCIES (FAS 5) TO EVALUATE

UNCERTAIN TAX POSITIONS. THE GUILD IS CURRENTLY EVALUATING THE IMPACT ON

THE FINANCIAL STATEMENTS OF ADOPTING FIN 48.

PART XI, LINE 8 - OTHER ADJUSTMENTS:

LOSS ON INTERCOMPANY RECEIVABLE: -9000000.

PENSION ADJUSTMENT: -5245074.

LOSS ON ANNUITY OBLIGATION: -40861.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

NET UNREALIZED LOSS ON INVESTMENTS: 26174539.

LOSS ON INTERCOMPANY RECEIVABLE: 9000000.

INVESTMENT EXPENSE: 854924.

LOSS ON ANNUITY OBLIGATIONS: 40861.

PART XIII, LINE 2D - OTHER ADJUSTMENTS:

PENSION ADJUSTMENTS: 5245074.

83205512-23-08



SCHEDULE G(Form 990 or 990-EZ)

Dspar4nenl of the TreasuryInternal Revenue Service

Name ofVie-organization

.::-q ,; un ra s ng Activities. Complete If the organization answered "Yes° to Form 990; Part IV, tine 17.1 Indicate whether the organization raised funds through any of the following activities. Check all that apply.

Supplemental Information RegardingFundraising or Gaming Activities

► Attach to form 990 or Form 990-EZ. Must be completed by organizations that answer'Yes'to Form 990,

0M8 No. 1545-0047

Part IV, tines 17, 18, or 19, and by organizations that enter more than $15,000 on Form 990-EZ, line 8a. Qp


e[] Solicitation of non-government grantsf El Solicitation of government grantsg ED Special fundraising events

2 a Did the organization have a written or oral ag reement with any Individual (Including officers, directors, trustees orkey employees listed In Form 990, Part VIQ or entity in connection with professional fundraising services? 0 Yes W No

b If 'Yes,' list the ten highest paid Individuals or entities (fundralsers) pursuant to agreements under which the fundralser Is to becompensated at least $5,000 by the organization. Form 990-EZ Mors are not required to complete this table.

b 0 Email solicitationsc F-)Phone solicitationsd ED In-person solicitations

a C3 Mail solicitations

(I) Name of Individualor entity (fundraiser)

(il) Activitytit °id

cun~.iser«°v~, drconubwa„e~

tv Gross receiptsfrom activity

Amount paidto(vIor retained by)

fundrelserlisted In col. (i)

(vi) Amount paidto or retained by)

organization

Yes No

Total ................................................................................................... ►3 Ust all states in which the organization 1s registered or licensed to solicit funds or has been notified It is exempt from registration or licensing.

LHA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule 0(Form 990 or 990-EZ) 2008

632091 12-18-08

~

Employer Identification number

13-1623854


Schedule G (Form 990 or 990•E 2008 THE JEWISH GUILD FOR THE BLIND 13-1623854 Page 2

Fundraising Events. Complete if the organization answered 'Yes'to Form 990, Part IV, line 18, or reported more than $15,000

on Form 990•EZ, line 6a. List events with gross receipts greater than $5,000.

~

1 Gross receipts ..........................................

2 Less: Charitable contributions ..................

3 Gross revenue pine 1 minus line 2) ............

4 Cash prizes .............................................

6 Non-cash prizes .......................................

6 Rent/facility costs ....................................

7 Other direct expenses ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.

THEATRE

(a) Event ant F2 1 c er ven s

(event fype7-j even ypef (total num er~VENTS P INNER

399,218.

257,718.

141,500.

51,897.

118,809.

193,758.

171,558.

22,200.

47,708.

54,840.

2

40,264.

27,329.

12,935.

1,543.

11,918.

8 Direct expense summary. Add lines 4 th rough 7 In column (d) ........................................................................ ► ~

9 Net Income summary. Combine lines 3 and 8 In column ............................................................................. ►

am ng. Complete If the organization answered 'Yes' to Form 990, Part IV, fine 18, or reported more than

$15 000 on Form 990-EZ, line 6a.

(d) Total Events

(Add col. (a) throughcol. (c))

633,240.

456,605.

176,635.

101,148.

185,567.

286,715•)

-110,080.

(a) Bingo (b) Pull tabsMstanto/progressive bingobin

(c) Other gaming (d) Total gaming (Addcol. (a) through cof. (c)}g

I Gross revenue ..........................................

2 Cash prizes .............................................

3 Non-cash prizes .......................................

4 RenVfacfllty costs ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

5 Other direct expenses`Yes % Yes % Yes Yo

No NO No0 0 of`:; ;;; • ,A: ;'; '~ ;°dL::.•:`~~ `s~;~w~"?'~8 Volunteer labor .............. ............ ........

7 Direct expense summary. Add lines 2 through 5 In column (d) ........................................................................ ►

8 Net gaming Income summary. Combine lines 1 and 7 In column .................................................................. ►Yes No

9 Enter the state(s) In which the organization operates gaming activities:

a Is the organization licensed to operate gaming activities In each of these states? .................... ........................................ ...... 8a

b If 'No," Explain: c 4 " ~ f' • ' ';,fi~~: >. s-y

10a Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? ........................ .. ....... 10a

b It *Yes,' Explain:

11 Does the organization operate gaming activities with nonmembers? . ............................................................................ ....... 11.,,.;,....;

12 Is the organization a grantor, beneficiary or trustee of a•trust or a member of apartnership orother entity formed to

arirnlnisfer charitable aaminn? -- ---------• .........................................................................................:.......................................12

I

Schedule 0(Form 990 or 890-EZ) 2008

832082 03•18-09

18521027 733030 JGB26


Schedule G(Form 990 or 990•EZ) 2008 THE JEWISH GUILD FOR THE BLIND

13 indicate the percentage of gaming activity operated in:

13-1623854

a The organization's facility ........ .......................................................................... 40b An outside facility ...................................................................... . ..

14 Provide the name and address of the person who prepares the organization's gaming/special events books and records:

Name ►

Address ►

15a Does the organization have a contract with a third party from whom the organization receives gaming revenue? .....................

b If 'Yes,` enter the amount of gaming revenue received by the organization ► $ and the amountof gaming revenue retained by the third party ► $

o If 'Yes, * enter name and address:

Name ►

Address ►

16 Gaming manager Information:

Name ►

Gaming manager compensation ► $

Description of services provided ►

EDDirector/officer [] Employee [D Independent contractor

17 Mandatory distributions:a is the organization required under state law to make charitable distributions from the gaming proceeds to

retain the state gaming license? ..........................................................................................................................................b Enter the amount of distributions required under state law distributed to other exempt organizations or spent In the

organization's own exempt activities during the tax year ► $

892083 12-18-08

15a

17a

Yes No

Schedule 0 (Form990 or 990-EZ) 2008


r-I

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I

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SCHEDULEJ(Form 990)

Depar4nant of the Trauurylntanat Aavanus 8emke

Name of the organlzat

Pa..=1<

Q Discretionary spending account

Question

le Check the appropriate box(es) if the organization provided any of the following to or for a person listed in Form 890,

Part Vil, Section A. line 1a. Complete Part Ili to provide any relevant Information regarding these items.

~ Tax Indemnification and gross-up payments

0 First-class or charter travel

~Travel for companions

of all of the expenses described above? If 'No,' complete Part III to explain ........................................................................

0 Housing allowance or residence for personal use

~ Payments for business use of personal residence

0 Health or social club dues or initiation fees

0 Personal services (e.g., maid, chauffeur, chef)

b If line 1 a Is checked, did the organization follow a written policy regarding payment or reimbursement or provision

2 Did the organization require substantiation prior to reimbursing or allowing expenses Incurred by all officers, directors,

trustees, and the CEO/Executive Director, reg arding the hems checked In line 1a? ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

3 Indicate which, If any, of the following the organization uses to establish the compensation of the organization's

[] Independent compensation consultant ® Compensation surveyor study

® Form 990 of other organizations ® Approval by the board or compensation committee

® Compensation committee ® Written employment contractCEO/Executive Director. Check all that apply.

4 During the year, did anyperson listed In Form 990, Part VII, Section A, line la:

5

a

b

6

ab

7

8

If 'Yes' to any of lines 4a-c, list the persons andprovide the applicable amounts for each Item In Part Ili.

a Receive a severance payment or change of control payment? ................................................................................................

b Participate In, or receive payment from, a supplemental nonqualified retirement plan? ............................................................

c Participate In, or receive payment from, an equity-based compensation arrangement? ............................................................

Only 501(c)(3) and 601(c)(4) organizations must complete lines 5-8.

For persons listed in Form990, Part VII, Section A, line la, did the organization pay or accrue any compensation

contingent on the revenues of:

The organization? ...............................................................................................................................................................

Any related organization? ...................................................................................................................................................

If 'Yes," to line 5a or 5b, describe In Part Ill.

For persons listed in Form 990, Part VII, Section A, line la, did the organization pay or accrue any compensation

contingent on the not earnings of:

The organization? „

on

Compensation InformationFor certain Officers, Directors, Trustees, Key Employees, and Highest

Compensated Employees

► Attach to Form 990. To be completed by organizations thatanswered 'Yes" to Form 890, Part IV, line 23.

THE JEWISH GUILD FOR THE BLINDs Regarding Compensation

.............................................................................................................................................................

Any related organization? ...................................................................................................................._.............................

If 'Yes' to line 6a or 6b, describe In Part III.

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed payments

not described in lines 5 and 6? If 'Yes,' descdbe In Part III ...................................................................................................

Initial contract exception described In Regs. section 53.49584(a)(3)? if 'Yes,' describe in Part Ill ..........................................Were any amounts reported In Form 990, Part VIi, paid or accrued pursuant to a contract that was subject to the

LHA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.

83211112-23-08

0MB No. 154550041

2008@J1;t0a'uln'.spsctf.on

Employer identification number

13-1623854

Yes

ti

lb

40

4b

4c

6a

5b

6a6b

7

No

xX

Schedule J (Form 990) 2008

3018521027 733030 JGB 2008.04020 THE JEWISH GUILD FOR THE BL JGB

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SCHEDULE M(Form 990)

Department of the TreasuryInternal Revenw aervla


Art • Works of art

a . <. Types of Property

trust interests12

13

30a

b

31

32a

b

33

LHA

NonCash Contributions

► To be completed by organizations that answered"Yes" on Form 990, Part IV, lines 29 or 30.

► Attach to Form 890.


.......................................Art • Historical treasuresArt • Fractional InterestsBooks and publications ,,,,,,,,,,,,,,,,,,,,,,,,,•,,, .

Clothing and household goods ,,,,,,,,,,,,,,,,,.

Cars and other vehiclesBoats and planes .......................................Intellectual property ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

Secu rities • Publicly traded ,,,,,,,,,,,,,,,,,,,,,,,,

Securities • Closely held stock,,,,,,,,,,,,,,,,,,,,,Securities • Partnership, LLC, or

(historic structures) ....................................

Securities - MiscellaneousQualified conservation contribution

Qualified conservation contribution (other),,.

Real estate • Residential ,,,,,,,,,;,,,,,,,,,,,,,,,,,

Real estate - CommercialReal estate • OtherCollectibles ..........

Food inventory ,,,.

Drugs and medical

Taxidermy ..........Historical artifacts

supplies ........................

Scientific specimens ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.

Archeological art ifactsOther ► (Other ►Other ► {

Other ► (

..............................

(a)Check If

applicable

(b)Number of

contributions

(c)Revenues reported on

Form 990, Part VIII, fine 1 g

:<;.::>.•:-., ~,.:.: >.::-.

2-8-,6-8-5-

Number of Forms 8283 received by the organization during the tax year for contributions

for which the organization completed Form 8283, Part IV, Donee Acknowledgment ,,,,,,,_,,,, 29

0Ma No. 1648•0047

nno~-~i,p~{j.~o;Pu6j(c,IRSP'~cti..ol~;=s


13-1623854

(d)Method of determining

revenues

MARKET VALUE

During the year, did the organization receive by contribution any property reported In Part I, lines 1•28 that it must hold for

at least three years from the date of the initial contribution, and which is not required to be used for exempt purposes for

the entire holding period? ...................................................................................................................................................

If 'Yes," describe the arrangement in Part II.

Does the organization have a gift acceptance policy that requires the review of any non-standard contributions? ..................

Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions? ,,,, .............................................................................................................................................................

If 'Yes," describe in Part II.

If the organization did not report revenues In column (c) for a type of property for which column (a) Is checked,

describe in Part tl.

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.

83214103•11•09

Yes No

30a

Y„i•`•..

31

32a

,:•:

X

Schedule M (Form 990) 2008


Schedule M (Form 99 2008 THE JEWISH GUILD FOR THE BLIND 13-1623854 page 2a> Supplemental Information. Complete this part to provide the Information required by Part I, lines 30b, 32b, and 33.

Also complete this part for any additional Information.

SCHEDULE M, PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE

NUMBER OF CONTRIBUTIONS RECEIVED.

832142 12•18•O8

18521027 733030 JGB

Schedule M (Form 990) 200B33


SCHEDULE 0(Form 990)

Department ol the TreaswyInternal Revenue SeroIce


Supplemental Information to Form 990► Attach to Form 990. To be completed by organizations to provide

additional Information for responses to specific questions for theForm 990 or to provide any additional Information.


OMB No. 16450047

2008


FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

ASSIST PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED, AND WHO MAY HAVE

ADDITIONAL DISABILITIES, ACHIEVE LIVES OF DIGNITY AND INDEPENDENCE

FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS

A GUILD SUBSIDIARY, GUILDNET, IS A MANAGED LONG-TERM CARE PROGRAM

PROVIDES COORDINATED HEALTH AND HOME CARE SERVICES FOR BLIND AND

VISUALLY IMPAIRED ADULTS WITH CHRONIC HEALTH PROBLEMS. THE PROGRAM'S

REACH EXTENDS THROUGHOUT MANHATTAN, BROOKLYN, THE BRONX, QUEENS, NASSAU

AND SUFFOLK COUNTIES. GUILDNET IS A CAPITATED MEDICAID FUNDED PROGRAM

THAT IS KEEPING NEW YORKERS AND LONG ISLANDERS IN THEIR OWN HOMES AND

COMMUNITIES WHILE DEFERRING THE NEED TO ENTER A NURSING HOME. GUILDNET

ALSO OFFERS A MEDICARE SPECIAL NEEDS PROGRAM FOR MEDICARE-ELIGIBLE

PERSON WHO ARE IN NEED OF MORE COMPLETE MEDICAL BENEFITS.

IN ADDITION TO ACTIVELY. RECRUITING MEDICAID ELIGIBLE PEOPLE THROUGH

SENIOR CENTERS AND COMMUNITY HEALTH FAIRS, SPECIALISTS ON THE GUILDNET

STAFF WILL ASSIST PEOPLE IN PREPARING THE NECESSARY PAPERWORK IN THE

MEDICAID APPLICATION PROCESS AT NO CHARGE.

FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS

THE GUILD'S TRAINING AND REHABILITATION PROGRAMS FOR BLIND AND VISUALLY

IMPAIRED PERSONS INCLUDE COMMUNICATIONS AND COMPUTER SKILLS INCLUDING

MASTERING THE ABILITY TO ACCESS INTERNET.

A PROGRAM FOR TEENAGE STUDENTS LEARNING COMPUTER SKILLS IS CONDUCTED ON

WEEKENDS TO AVOID INTERRUPTION WITH THE REGULAR SCHOOL ACTIVITIES. AT

LHA For Privacy Act and Paperwork Reduction Act Notice, see the instructions for Form 890. Schedule 0 (Form 990) 200883221112-18-08



Departrnent of rheTroaauryIntwnal Ravsnus aenke


Supplemental Information to Form 990► Attach to Form 990. To be completed by organizations to provideadditional Information for responses to specific questions for the

Form 990 or to provide any additional Information,


OMB No, 1645•0047

2008PC n%.L


THE COMPLETION OF THE 10 WEEK PROGRAM, THE GUILD PROVIDES EACH STUDENT

HIS/HER OWN COMPUTER, AT NO COST.

THE GUILD ALSO PREPARES COLLEGE BOUND STUDENTS FOR THEIR FIRST YEAR ON

A COLLEGE CAMPUS WITH A PROGRAM THAT ORIENTS STUDENTS TO COLLEGE LIFE

AND EASES THE TRANSITION FROM HIGH SCHOOL TO COLLEGE.

ADAPTIVE SKILLS TRAINING INCLUDES THE SAFE AND EFFICIENT PREPARATION OF

FOOD IN THE KITCHEN AS WELL AS OTHER ACTIVITIES OF DAILY LIVING

INCLUDING DRESSING AND BATHING THAT ARE COMMON TO LIFE IN THE CITY.

ORIENTATION AND MOBILITY SKILLS ARE TAUGHT BOTH IN THE APARTMENT AND ON

CITY SIDEWALKS FOR SAFE AND INDEPENDENT TRAVEL. '

VOCATIONAL EVALUATION AND JOB SKILLS TRAINING INCLUDING HOW TO

SUCCESSFULLY APPLY FOR EMPLOYMENT ARE A MAJOR PART OF HELPING BLIND

PEOPLE TO FIND WORK WORK OR IN SOME CASES, HELPING A PERSON WHO IS

LOSING HIS VISION KEEP A JOB. JOB PLACEMENT INCLUDES FINDING EMPLOYERS

WHO ARE WILLING TO HIRE PEOPLE WITH VISION LOSS AND IN SOME CASE

SENDING A-JOB COACH WITH THE EMPLOYEE FOR ONE OR TWO WEEKS OF ON THE

JOB TRAINING.

FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES:

GUILDSCHOLAR $344,379, FOOD SERVICES $296,871, BRESSLER FUND $291,941,

CHILDREN HEALTH INITIATIVE $224,139 AND OTHER PROGRAMS $270,380.

EXPENSES $ 1427710. INCLUDING GRANTS OF $ 225000. REVENUE $ 2640937.

FORM 990, PART VI, SECTION A, LINE 10: THE IRS FORM 990 IS PREPARED BY THE

STAFF AND REVIEWED IN DETAIL BY A COMMITTEE OF THE BOARD, AFTER IT HAS BEENLWA For PrivacyAct and Paperwork Reduction Act Notice, seethe Instructions for Form 990. Schedule 0 (Form 990) 200883221112-18-08


SCHEDULE O

(Form 090)

Depvtment of the TreuuryInternal Revenue SeMce


Supplemental Information to Form 990)o- Attach to Form 990. To be completed by organizations to provide

additional Information for responses to specific questions for theForm 990 or to provide any additional Information.

OMa No. 1545-0047

2008i; ection;<,:F..~ :: ::.....::.:


THE JEWISH GUILD FOR THE BLIND 13-1623854

REVIEWED BY OUR OUTSIDE AUDITORS. AFTER ITS APPROVAL, THE FORM IS MADE

AVAILABLE TO THE FULL BOARD.

FORM 990, PART VI, SECTION B, LINE 12C: ALL OFFICERS, DIRECTORS AND KEY

EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY UPON JOINING

THE BOARD OR EMPLOYMENT. WHEN THERE IS A CHANGE IN THIS INFORMATION, THEY

ARE REQUIRED TO COMPLETE AN UPDATED FORM. IF A CONFLICT ARISES WITH A

BOARD MEMBER, THE MEMBER WOULD BE REQUIRED TO RESIGN OR WE WOULD CEASE

DOING BUSINESS WITH THAT VENDOR. A CONFLICT WITH A KEY EMPLOYEE, IF

MATERIAL, WE WOULD CEASE DOING BUSINESS WITH THAT VENDOR. IF NOT MATERIAL,

A DISCLOSURE TO THE BOARD WOULD BE MADE AS WELL AS IN THE AUDITED FINANCIAL

STATEMENTS.

FORM 990, PART VI, SECTION B, LINE 15: THE COMPENSATION COMMITTEE IS GIVEN

A SALARY SURVEY OF COMPARABLE ORGANIZATIONS, WHICH IS REVIEWED BY OUR

AUDITORS AND ATTORNEYS FOR ACCURACY, COMPLETENESS AND COMPLIANCE WITH

APPLICABLE REGULATIONS AND STATUTORY REQUIREMENTS. BASED UPON THE SURVEY,

THE COMMITTEE ARRIVES AT ANNUAL SALARIES FOR THE CEO, THREE EXECUTIVE VICE

PRESIDENTS AND SENIOR VICE PRESIDENT AT A MEETING AT WHICH THE AUDITORS AND

ATTORNEYS ARE PRESENT. MINUTES OF THE COMMITTEE'S MEETINGS ARE MAINTAINED.

GENERALLY, THE COMMITTEE MEETS ON AN ANNUAL BASIS. THE LAST FORMAL

COMMITTEE MEETING WAS ON DECEMBER 10,2007. THE COMMITTEE MET INFORMALLY

AND DECIDED TO FREEZE ALL SALARIES OF THE CEO, THREE EXECUTIVE VICE

PRESIDENTS AND SENIOR VICE PRESIDENT FOR 2008.

FORM 990, PART VI, LINE 17, LIST OF STATES RECEIVING COPY OF-FORM 990:

Ll-IA For Privacy Act and Paperwork Reduction Act Notice, seethe Instructions for Form 990. Schedule 0 (Form 990) 2008832211'12-18-08



Department of theTrea¢wyInternal Revenue Ssrvlne

Supplemental Information to Form 990► Attach to Form 990, To be completed by organizations to provide

additional Information for responses to specific questions for theForm 990 or to provide any additional information.

OMB No. 1545-0047

2oos~0?i"t0 FQfIfInsjsec~o

Name of the organization Employer Identification numberTHE JEWISH GUILD FOR THE BLIND 13-1623854

AL,AK,AZ,AR,CA,CT,FL,GA,IL,KS,KY,ME,MD,MA,MI,MN,MS,NH,NJ,NM,NY,NC,ND,OH,OK

OR,PA,RI,SC,TN,UT,VA,WA,WV,WI

FORM 990, PART VI, SECTION C, LINE 19: A COPY OF THE FORM 990, GOVERNING

DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE

AVAILABLE UPON REQUEST.

FORM 99.0, PART XI, LINE 2C

THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT AND SELECTION OF

INDEPENDENT ACCOUNTANTS.

FORM 990, PART III, 1

MANY OF THE GUILD'S SERVICES ARE PROVIDED WITH AND THROUGH IT'S

SUBSIDIARIES EACH OF WHICH FILE THEIR OWN FORM 990. THE GUILD'S

SUBSIDIARIES ARE: JGB HEALTH FACILITIES CORP, JGB REHABILITATION CORP,

IN TOUCH NETWORKS, INC., JGB EDUCATION SERVICES, GUILDNET, INC.,

GREATER BOSTON GUILD FOR THE BLIND, INC., JGB MENTAL HEALTH AND MENTAL

RETARDATION SERVICES, INC., GREATER BOSTON DIABETES SOCIETY, INC.

FORM 990, PART VII, SECTION A

EXPLANATION REGARDING OFFICERS AND DIRECTORS COMPENSATION:

THE COMPENSATION AMOUNTS REPRESENT THE PORTION OF COMPENSATION REPORTED

BY THE JEWISH GUILD FOR THE BLIND. ADDITIONAL AMOUNTS HAVE BEEN

RECOGNIZED BY SUBSIDIARIES OF THE JEWISH GUILD FOR THE BLIND.

EXPLANATION REGARDING HIGHEST COMPENSATED EMPLOYEES:LHA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule 0 (Form 990) 200883221112-18-08



Department at the TteaauryInternal Revenue service

Supplemental Information to Form 990► Attach to Form 980. To be completed by organizations to provide

additional Information for responses to specific questions for theForm 990 or to provide any additional information.

0Ma No. 1645-0047

2008~~tfttt ~

Name of the organization / Employer identification number

THE JEWISH GUILD FOR THE BLIND 13-1623854

THE JEWISH GUILD FOR THE BLIND, AS PREDECESSOR ORGANIZATION TO ITS

SUBSIDIARIES: JGB HEALTH FACILITIES CORPORATION, JGB REHABILITATION

CORPORATION, IN TOUCH NETWORKS, INC., JGB EDUCATION SERVICES, GUILDNET,

INC., GREATER BOSTON GUILD FOR THE BLIND, INC. AND JGB MENTAL HEALTH

AND MENTAL RETARDATION SERVICES, INC. IS THE EMPLOYER OF ALL SALARIED

PERSONS PROVIDING SERVICES TO THE CORPORATION AND ITS SUBSIDIARIES.

FORM 990, PART VII, SECTION A, COLUMN E

HOURS PROVIDED TO RELATED ENTITIES:

ALAN R. MORSE 25 HOURS

ELLIOT J. HAGLER 30 HOURS

ANGELA VIGLIAROLO 9 HOURS

SARAH SPICEHANDLDLER 9 HOURS

SCHEDULE R, PART V

THE GUILD HAS MANAGEMENT AGREEMENTS WITH RELATED ORGANIZATIONS TO

PROVIDE ALL NECESSARY MANAGEMENT AND SALARIED STAFFING SERVICES AS WELL

AS USE OF FACILITIES, EQUIPMENT AND OTHER ASSETS.

LHA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule 0 (Form 990) 20086J221112-16-08


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THE JEWISH GUILD FOR THE BLIND(PARENT COMPANY ONLY)

FINANCIAL STATEMENTSAND AUDITOR'S REPORT

DECEMBER 31, 2008


TABLE OF CONTENTS

Independent Auditor's Report

Exhibit

A - Balance Sheet

B- Statement of Operations and Changes

in Net Assets .

- Statement ofCash Flows

Notes to Financial Statements

I LOEB &TROPERLLP

LIM LOEB &TROPER r.LP

Independent Auditor's Report

Board of DirectorsThe Jewish Guild for the Blind

(Parent Company only)

We have audited the accompanying balance sheet of The Jewish Guild for the Blind(Parent Company only) as of December 31, 2008, and the related statements ofoperations andchanges in net assets, and cash flows for the year then ended. These financial statements arethe responsibility of The Guild's management. Our responsibility is to express an opinion onthese financial statements based on our audit.

We conducted our audit in accordance with auditing standards generally 'accepted inthe United States of America. Those standards require that we plan and perform the audit toobtain reasonable assurance about whether the financial statements are free of materialmisstatement. An audit includes consideration ofinternal control over financial reporting as abasis for.designing audit procedures that are appropriate in the circumstances, but not for thepurpose of expressing an opinion on the effectiveness of The Jewish Guild for the Blind's(Parent Company only) internal control over financial reporting. Accordingly, we express nosuch opinion. An audit also includes examining, on a test basis, evidence supporting theamounts and disclosures in the financial statements, assessing the accounting principles usedand significant estimates made by management, as well as evaluating the overall financialstatement presentation. We believe that our audit provides a reasonable basis for our opinion.

As discussed in Note A to the financial statements, the accompanying statements wereprepared to present the financial position, changes in net assets and cash flows of The JewishGuild for the 'Blind as "Parent Company only" and do not include the financial position,changes in net assets and cash flows of J.G.B. Health Facilities Corporation, J.G.B.Rehabilitation Corporation, J.G.B. Education Services, In Touch Networks, Inc., GuildNet,Inc., J.G.B. Mental. Health and Mental Retardation Services, Inc., Greater Boston Guild for theBlind, Inc., Greater Boston Diabetes Society, Inc., and SpecialtyMed Alliance, Inc.Accounting principles generally accepted in the United States ofAmerica require that when acontrolling financial interest exists, an organization should consolidate the activities of relatedbut separate entities into its financial statements.. The sole preparation of "Parent Companyonly" financial statements without the related consolidated financial statements would not bein accordance with accounting principles generally accepted in the United States ofAmerica.

Auditors and Consultants 655 Third Avenue, 12th Floor, New York, NY 10017Serving the Health Care 8t Notfor-Profit Sectors (212) 867-4000 / Fax (212) 867-9810 / www.Ioebandtroper.com

2.

In our opinion, because of the effects of the matter discussed in the precedingparagraph, the financial statements referred to above do not present fairly, in conformity withaccounting principles generally accepted in the United States of America, the financialposition of The Jewish Guild for the Blind (Parent Company only) as of December 31, 2008,or the results of its operations or its cash flows for the year then ended.

This report is intended solely for the information and use of the Board of Directors,management and the New York State Department of Health and is not intended to be andshould not be used by anyone other than these specified parties.

. Apri120, 2009

L LOEB &TROPERLLP


BALANCE SECEET

DECEMBER 31, 2008

Current assetsCashInvestments (Note B)Accounts receivableContribution receivable - due within one yearDividends and interest receivablePrepaid expenses and other assets

Total current assets

ASSETS

EXMIT A

$ 57,70369,060,985

137,814320,14842,426

1,611,566

71,230,642

Other assetsDue from subsidiaries (net ofallowance for bad debts of$66,663,500) (Note H) 18,894,740Fixed assets - net (Note C) 24,235,812Investments (Notes B and F) 9,033,933

Total assets $ 123,395,127

LIABILITIES AND NET ASSETSCurrent liabilities

Accounts payable and accrued expensesAccrued salaries and related expensesLoans payable (Note D)Payable lo establish the Institute for Vision and Aging and

the Guild Research Center (Note N)Accrued pension and postretirement benefits (Notes 7 and K)Refundable advancesSecurity depositsAnnuity obligations

Total current liabilities

Long-term liabilitiesLoans payable (Note D)Annuity obligationsAccrued pension and postretirement benefits (Notes J and K)

Total liabilities

Net assets (Exhibit B)UnrestrictedTemporarily restricted (Note E)Permanently restricted (Note F)

Total net assets

Total liabilities and net assets

See independent auditor's report.

The accompanying notes are an integral part ofthese statements.

$ 2,395,8862,506,0673,055,556

2,500,0005,031;243

129,87067,844

271,568

15,958,034

1,666,6641,687,218

21,173,310

40,485,226

67,167,7456,708,2239,033,933,

82,909,901

$ 123,395,127

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MUM C

THE JEWISH GTJIELD FOR THE BLIND

(PARENT COMPANY ONLY)

STATEMENT OF CASH FLOWS

YEAR ENDED DECEMBER 31, 2008

Cash flows from operating activities

Change, in net assets (Exhibit B) $ (36,658,961)

Adjustments to reconcile change in net assets

to net cash used by operating activities

Contribution restricted for

long-term investment (75,000)

Contribution restricted for annuity agreements (13,329)

Depreciation and amortization 2,455,112

Net realized and unrealized loss (gain) on investments 29,127,995

Loss on annuity obligations 40,861

Decrease (increase) in assets

Accounts receivable 25,292

Contribution receivable (320,148)

Dividends and interest receivable 28,642

Prepaid expenses and other assets (796,215)

Due from subsidiaries 682,732

Increase (decrease) in liabilities

Accounts payable and accrued expenses (995,813)

Accrued salaries (219,279)

Payable to establish the Institute for Vision and Aging

and the Guild Research Center (2,500,000)

Accrued pension and postretirement benefits payable 3,830,829

Refundable advances (106,752)

Security deposits 3,108

Net cash used by operating activities (5,490,926)

-continued-

01 LOEB &TROPERu.r

EXHIBIT C-2-


STATEMENT OF CASH FLOWS

YEAR-ENDED DECEMBER31, 2008

Cash flows from investing activities

Acquisition offixed assets $ (2,433,885)Proceeds from sales of investments 59,202,969Purchases of investments (53,064,770)

Net cash provided by investing activities _ 3,704,314

Cash flows from financing activitiesProceeds from contributions restricted for

Investment in endowment 75,000Investment subject to annuity obligations 35,914

Proceeds from bank loan 2,500,000Payment ofbank loan (555,556)Payment of annuity obligations (270,559)

Net cash provided by financing activities

Net decrease in cash

Cash - beginning ofyear

Cash - end ofyear

1,784,799

(1,813)

59,516

$ 57,703

Supplemental disclosure of cash flow informationCash paid during the year for interest $ 431,329

See independent auditor's report.

The accompanying notes are an integral part ofthese statements.

L~ LOEB &TROPERI.LP



NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2008

NOTE A - NATURE OF ORGANIZATION AND SUMMARY OF SIGNIFICANT

ACCOUNTING POLICIES

Nature of organization - The Jewish Guild for the Blind ("The Guild") is a not-for-profit

organization exempt from federal income tax under Section 501(c)(3) of the Internal Revenue

Code and has been classified as an organization that is not a private foundation under Section

509(a).

The Guild provides services to visually impaired persons. The organization's main sources of

revenues are Medicaid, Medicare, private insurance companies, and grants and contributions from

the general public.

The Guild is the parent entity, through common directors, of other not-for-profit and one for-

profit entity which provide managed care, continuing care, rehabilitation, mental health, day

treatment, education and other programs. These financial statements are "Parent Company only"

and do not include the activity ofthose other entities. Separate financial statements are issued for

each corporation. Consolidated financial statements are issued.

The revenues and expenses ofthose entities are as follows:

Revenues Expenses

J.G.B. Health Facilities Corporation $ 13,273,129 $ 20,835,281

J.G.B. Rehabilitation Corporation 1,327,878 2,557,152

J.G.B. Education Services 3,509,602 6,641,751

In Touch Networks, inc. 211,011 1,159,678

GuildNet, Inc, 272,653,362 282,222,428

J.G.B. Mental Health and Mental Retardation

Services, Inc. 4,801,220 6,563,781

Greater Boston Guild forthe Blind, Inc. and

Subsidiary 1,067,286 1,329,670

SpecialtyMed Alliance, Inc. - 1,355

Therefore, these financial statements are not in conformity with accounting principles generally

accepted in the United States of America. Accordingly, readers of the accompanying financial

statements are directed to the related entity financial statements and the consolidated financial

statements ofThe Jewish Guild for the Blind.

-continued-

LO LOEB &TROPER l.► .p



DECEMBER 31, 2008

2.

NOTE A - NATURE OF ORGANIZATION AND SUMMARY OF SIGNIFICANTACCOUNTING POLICIES (continued) '

The Jewish Guild for the Blind is related to J.G.B Health Facilities Corporation, J.G.B.Rehabilitation Corporation, J.G.B. Education Services, In Touch Networks, Inc., GuildNet, Inc.,J.GB. Mental Health and Mental Retardation Services, Inc., Greater Boston Guild for the Blind,Inc. (GBGB), Greater Boston Diabetes Society, Inc., and SpecialtyMed Alliance, Inc., whosefinancial position and financial activity are not included in the accompanying financialstatements.

This report is to be used solely for cost report filing with New-York State Department ofHealth.

Basis ofaccounting - The financial statements are prepared on the accrual basis. These financialstatements are "Parent Company only" and exclude the financial activities of its relatedorganizations; - which are required to be consolidated and, therefore, are not a completepresentation in conformity with accounting principles generally accepted in the United States ofAmerica.

Net assets - Unrestricted net assets represent funds which are fully available at the discretion ofmanagement and the Board of Directors. Temporarily restricted net assets are those fundsrestricted by donors, to be used for a specified time period or purpose. Permanently restrictedfunds are to be maintained in perpetuity at the behest ofthe donor and the income generated bysuch funds is utilized for operating purposes except if otherwise indicated by the donor.

Programfees - Program fees include fees for training and rehabilitation programs for the blindand visually impaired that are reported at the estimated net realizable amounts from third-partypayors and others for services rendered.

Management services - The Guild (Parent Company only) charges GuildNet for all necessarymanagement and salaried staffing services.

Donated services - The donated services, which consists of therapeutic assistants, is valued basedupon the average value of services performed as reported by the Department ofLabor. Revenuesand expenses are reflected in these financial statements, since the services provided meet thecriteria for recognition under Statement ofFinancial Accounting Standards (SFAS) No. 116.

-continued-

L LOEB &TROPERLLp


. NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2008

3.

NOTE A - NATURE OF ORGANIZATION AND SUMMARY OF SIGNIFICANT

ACCOTJNTING POLICIES (continued) .

Contributions - All contributions are considered to be available for unrestricted use unless

specifically restricted by the donor. The gifts are reported as either temporarily or permanently

restricted support if they are received with donor stipulations that limit the use of the donated

assets. When a donor restriction expires (that is, when a stipulated time restriction ends or

purpose restriction is accomplished), temporarily restricted net assets are reclassified as

unrestricted net assets and reported' in the statement of activities as net assets released from

restrictions. Donor-restricted contributions whose restrictions are met within the same year as

received are reported as unrestricted contributions in the accompanying financial statements.

Contribution receivable - Unconditional promises to give that are expected to be collected within

one year are recorded at net realizable value. Unconditional promises to give that are expected to

be collected in future years are recorded at the present value of their estimated future cash flows.

The discounts on those amounts are computed using riskfree interest rates applicable to the years

in which the promises are received. Amortization of the discounts is included in contribution

revenue. Conditional promises to give are not included as support until the conditions are

substantially met.

Fixed assets - Fixed assets are stated at cost. Items costing in excess of $450 which have an

estimated useful life of at least one year are subject to capitalization. Depreciation and

amortization of fixed assets are provided on the straight-line method over their estimated useful

lives ranging from 5 to 50 years.

Functional allocation of expenses - The majority of expenses are directly identified with the

program or supporting services to which they relate and are charged accordingly. Other expenses

have been allocated among program and supporting services on the basis of square footage of

office space occupied, time reports, and other bases determined by the management ofThe Guild

(Parent Company only).

Investments - All investments other than investments in limited partnerships and hedge funds are

recorded at fair value, which is based on quoted market value.

The fair value of the investment in the limited partnership is estimated based upon the current

value provided by investment managers.

-continued-

L~ LOE$ &TR~'JPER LLP

THE JEWISH GUILD FOR THE BIJND(PARENT COMPANY ONLY)


DECEMBER 31, 2008

4.

NOTE A - NATURE OF ORGANIZATION AND SUIVIIVIARY OF SIGNIFICANTACCOUNTING POLICIES (continued)

Investments include hedge funds whose . estimated fair values, in the absence of readilyascertainable market values, have been determined by the investment manager. The methods andprocedures used to value these investments may include, but are not limited to: (1) performingcomparisons with prices of comparable or similar securities; (2) obtaining valuation-relatedinformation from issuers; and/or (3) other analytical data relating to the investment and usingother available indications of value. However, because of the inherent uncertainty of valuation,the estimated fair values for the aforementioned securities and interests may differ from thevalues that would have been used had a ready market for the investments existed, and thedifferences could be material.

Fair Value Measurements

SFAS No. 157, Fair Value Measurements (SFAS No. 157) defines fair value, establishes aframework for measuring fair value and establishes a hierarchy that categorizes and prioritizes thesources to be used to estimate fair value. SFAS No. 157 also expands financial statementdisclosures about fair value measurements. On February 12, 2008, the FASB issued FSP No.FAS 157-2, Effective Date ofFASB Statement No. 157 (FSP 157-2), which delays the effectivedate of SFAS No. 157 for one year for all nonfinancial assets and nonfinancial liabilities, exceptthose that are recognized or disclosed at fair value in the financial statements on a recurring basis.Partial deferral of SFAS No. 157 was elected under the provisions of FSP 157-2 related to themeasurement of fair value used when evaluating intangible assets and other long-lived assets forimpairment and valuing asset retirement obligations and liabilities for exit or disposal activities.Furthermore, the impact of implementing FSP 157-2 is not expected to be material on thefinancial statements. The impact of partially adopting SFAS No. 157 effective January 1, 2008was not material to the financial statements.

On October 10, 2008, the FASB issued FSP 157-3, Determining the Fair Value of a FinancialAsset When the Market for That Asset Is Not Active (FSP 157-3), which clarifies application ofSFAS No. 157 in a market that is not active. FSP 157-3 was effective upon issuance, includingprior periods for which financial statements have not been issued. The adoption of this FSP hadno impact on the financial statements.

-continued-

L LOEB &TRQPER I.LP




DECEMBER 31, 2008

NOTE A - NATURE OYORGANTZATION AND SUMMARY OF SIGNIFICANT

ACCOUNTING POLICIES (continued)

5.

Fair ValueMeasurements on a RecurringBasis

Financial assets and liabilities are classified in'their entirety based on the lowest level of input

that is significant to the fair value measurements. The Guild's (Parent Company only) assessment

of the significance of a particular, input to the fair value measurements requires judgment, and

may affect the valuation of the assets and liabilities being measured and their placement within

the fair value hierarchy. The following table presents the asset balances measured at fair value on

a recurring basis as ofDecember 31, 2008:

Level 10) Level 2 Level 3 Total

Current assetsMoney market accounts $ 32,012,566 $ - $ - $ 32,012,566

United States Governmentobligations 292,555 - - 292,555

Corporate bonds 161,441 - - 161,441

Corporate stocks 5,341,944 - - 5,341,944

Mutual funds 1,857,873 - - 1,857,873

Investment in limitedpartnership - - 16,562,285 16,562,285

Hedge funds - - 12,764,477 12,764,477

Certificate ofdeposit 67,844 - - 67,844

Other assetsCorporate stocks 9,033,933 9,033,933

Quoted prices in active markets for identical assets or liabilitiesObservable inputs other than quoted prices in active markets for identical assets and liabilities

No observable pricing inputs in the market. The following criteria have been used to

determine fair value by the investment managers:

(a) performing comparisons with prices ofcomparable or similar securities

(b) obtaining valuation-related information from issuers

(c) other analytical data relating to the investment and using other available indications of

value

However, because of the inherent uncertainty of valuation, the estimated fair values for the

aforementioned securities and interests may differ from the values that would have been used had

a ready market for the investments existed, and the differences could be material.

-continued-

L~ LOEB &TROPERr.1.P



DECEMBER31, 2008

NOTE A - NATURE OF ORGANIZATION AND SUMMARY OF SIGNIFICANTACCOUNTING POLICIES (continued)

Beginning balanceTotal gains or losses(realized/unrealized) includedin changes in net assets for 2008

PurchasesRedemptions

LimitedPartnerships Hedge FundsFair Value Fair Value

Measurements Measu rementsUsing Using

Significant SignificantUnobservable Unobservable

Inputs (3) _ Inputs (3) Total

$ 27,706,485 $ 5,431,767 $ 33,138,252

(11,230,632) (4,261,956) (15,492,588)3,124,792 16,000,000 19,124,792(3,038.360) 4.405,334) (7,443,694)

Ending balance $ 16.562.285 $ 12.764.477 $ 29.

The amount oftotal gains(losses) for the period included inchanges in net assets attributableto the change in unrealized gains(losses) relating to assets stillheld at the reporting date $ l11,640-29) $ (4.580.060) $(16.220.352)

6.

All investment gains and losses are reported as part of net realized and unrealized gain (loss) oninvestments in nonoperating revenues.

Fair Value Measurements on a Nonrecurring Basis

As permitted by FSP 157-2, the fair value measurement disclosare was deferred of any (a) long-lived assets and finite-lived intangible assets in the determination of impairment under SFAS No.142 or SFAS No. 144, (b) asset retirement obligations initially measured at fair value under SFASNo. 143, Accounting for Asset Retirement Obligations, and (c) nonfinancial liabilities for exit ordisposal activities initially measured at fair value under SFAS No. 146, Accounting for CostsAssociatedwith Exit or DisposalActivities.

-continued-

( LOEB &TROPERI.I.P



DECEMBER 31, 2008

NOTE A - NATURE OF ORGANIZATION AND SUNIlVIARY OF SIGNIFICANT

ACCOUNTING POLICIES (continued)

7.

Fair Value Measurements on a Nonrecurring Basis (continued)

SFAS No. 159, The Fair Value Option for Financial Assets and Financial Liabilities - Including

an Amendment ofSFAS No. 115 (SFAS No. 159) permits, but does not require, measurement of

financial instruments and certain other items at fair value. Unrealized gains and losses on items

for which the fair value option has been elected are reported in earnings. As The Guild (Parent

Company only) did not elect to fair value any ofthe financial instruments under the provisions of

SFAS No. 159, the adoption ofthis statement effective January 1, 2008 did not have an impact on

the financial statements.

Accounts receivable - The Guild (Parent Company only) records receivables based on established

rates or contracts for service provided. The Guild (Parent Company only) does not charge interest

on outstanding receivables.

Allowance for doubtful accounts - Bad debt expense is charged if a receivable is determined to

be uncollectible based on periodic review by management. Factors used to determine whether an

allowance should be recorded include the age of the receivable and a review of payments

subsequent to year end.

Annuity obligations - Annuity obligations are recorded at the actuarial present value ofthe future

payments.

Use of estimates - The preparation of financial statements in conformity with accounting

principles generally accepted in the United States of America requires management to make

estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure

of contingent assets and liabilities at the date ofthe financial statements. Estimates also affect the

reported amounts of revenues and expenses during the reporting period. Actual results could

differ from those estimates.

Measure of operations - Jewish Guild for the Blind (Parent Company only) includes in its

definition of operations all revenues and expenses associated with services provided to visually

impaired persons. Excluded form operations are legacies and bequests, investment income (loss),

loss on intercompany receivables, insurance recovery and change in value ofannuity obligations.

-continued-

I I.QEB &TROPER.LLP

THE JEWISH GUILD FOR THE BLIND(PARENT COMPANY ONLY) '

NOTES TO FINANCIAT, STATEMENTS

DECEMBER 31, 2008

NOTE A - NATURE OF ORGANIZATION AND SUNIlVIARY OF SIGNIFICANT. ACCOUNTING POLICIES (continued)

8.

Financial Accounting Standards Board (FASB) Interpretation No. 48 - Accounting forUncertainty in Income Taxes - an Interpretation ofFASB Statement No. 109 (Fl'1V48)In July 2006, the FASB issued Interpretation No. 48, Accountingfor Uncertainty in Income Taxes- an Interpretation of FASB Statement No. 109 (FIN 48). FIN 48 prescribes a, recognitionthreshold and measurement attribute for the financial statement recognition and measurement ofatax position taken or expected to be taken in a tax return. FIN 48 also provides guidance onderecognition, classification, interest and penalties, accounting in interim periods, disclosure, andtransition. FIN 48 was effective for fiscal years beginning after December 15, 2006. OnNovember 7, 2007, the FASB voted to defer FIN 48 for one year until fiscal years beginning afterDecember 15, 2007. On October 15, 2008, the FASB voted to continue the deferral ofFIN 48 fornon-public companies and not-for-profits for an additional year until fiscal years beginning afterDecember 15, 2008.

As FIN 48 has not yet been adopted, The Guild (Parent Company only) is continuing to use FASBStatement No. 5, Accountingfor Contingencies (FAS 5) to evaluate uncertain tax positions. TheGuild is currently evaluating the impact on the financial statements ofadopting FIN 48.

NOTE B - INVESTMENTS

Current assetsCost Market Value

Money market accounts $ 32,012,566 $ 32,012,566United States Government obligations 250,530 292,555Corporate bonds 158,987 161,441Corporate stocks 7,168,394 5,341,944Mutual funds 2,715,267 1,857,873Investment in limited partnership 21,959,574 16,562,285Hedge funds 16,454,216 12,764,477Certificate of deposit 67,844 67,844

Other assetsCorporate stocks 12,122,701 9.033.933

Total investments $-92,91~,0.079 $ 78.094.918

-continued-

( LOEB &TROPERuP

THE JEWISH GUILD FORTHE BLIND(PARENT COMPANY ONLY)


DECEMBER 31, 2008

9.

NOTE B = INVESTMENTS (continued)

The change in total investments of $35,266,194 was a result of market losses of $29,127,995 and

amounts used by operations of$6,138,199.

The Guild (Parent Company only) invests in various investment securities. Investment securities,

in general, are exposed to various risks such as interest rate, credit and overall market volatility

risks. Due to the level of risk associated with certain investment securities, it is at least

reasonably possible that changes in the values of investment securities will occur in the near terra,

based upon the markets' declines, and that such changes could materially affect The Guild's

(Parent Company only) financial statements.

7PMorgan Chase Bank has a first priority perfected security interest in marketable securities held

by Bank of America to secure their loan of $2,222,220.

NOTE C - FIXED ASSETS

EstimatedUseful Lives

Land $ 1,162,500Buildings and improvements 39,922,832 5 - 50 years

Furniture and equipment 6,594,111 5 - 15 years

Computer software 1,834,963 5 years

Construction in progress 45.885

Less accumulated depreciation

and amortization

49,560,291

(.25.324.479)

$ 24.235.812

-continued-

L L,OEB &-MPIIZLLP



DECEMBER 31, 2008

NOTE D - LOANS PAYABLE

10.

The Guild (Parent Company only) obtained a loan with a variable interest rate from JP MorganChase Bank. The interest rate at December 31, 2008 is 4.37%. The loan wi ll mature in 2012.

The balance ofthe loan at December 31, 2008 is $2,222,220.

An additional construction loan in the amount of$2,500,000 was obtained from JP Morgan ChaseBank on November 5, 2008. The interest rate on the loan was 2.25% and the loan was repaid in2009.

Required principal payments on these loans are as follows:

2009 $ 3,055,5562010 555,5562011 555,5562012 555.552

Total $ 4.722.220

NOTE E - TEMPORARILY RESTRICTED NET ASSETS

Temporarily restricted net assets are available for the following purposes:

Guild scholar fund $ 5,265,722Educational services 385,577Purchase ofequipment 109,913Research. .46,000Bressler fund projects 398,419Center for Vision Care 283,607Community education 189,376Various projects 29.609

$ 6.708.223

-continued-

L LOEB &TROPERu.P



DECEMBER 31, 2008 '

NOTE E - TEMPORARILY RESTRICTED NET ASSETS (continued)

Net assets were released from donor restrictions by incurring expensespurposes or by occurrence ofother events specified by donors.

Purpose restrictions accomplishedGuild scholar fundPurchase ofequipmentResearchBressler fund projectsCenter forVision CareCommunity educationVarious projects

NOTE F - PERMANENTLYRESTRICTED NET ASSETS

346,97915,18966,610

291,941145,282255,81271.467

$ 1_193_280

11.

satisfying the restricted

General

The Guild's (Parent Company only) endowments consist of individual donor-restticted

endowment funds establishedto support activities ofthe organization. As required by GAAP, net

assets associated with endowment funds are classified and reported based on the existence of

donor-imposed restrictions. .

Interpretation ofAelevant Law

The Board of Directors of The Guild (Parent Company only) has interpreted the. Uniform

Management of Institutional Funds Act (L3MIFA) as being the relevant sections ofthe New York

State Not-for-Profit Corporations Law (N-PCL) requiring preservation ofthe fair value of a gift as

of the gift date of donor-restricted endowment funds (historic dollar value), absent explicit donor

stipulations to the contrary. As a result, and in accordance with the direction ofthe original donor

gift instrument, The Guild (Parent Company only) classifies as permanently restricted net assets

the original value of gifts donated to the permanent endowment, the original value of any

subsequent gifts to the permanent endowment, and accumulations to the permanent endowment

made in accordance with the direction of the applicable donor gift instrument at the time the

accumulation is added to the fund. Any interest, dividends, rents, royalties or other revenue

generated by donor-restricted endowment funds is used by the organization in a manner consistent

with the standard ofprudence required by law.

--continued-

In LOEB &TR{JPERI.I.P



DECEMBER 31, 2008 I

12.

NOTE F - PERMANENTLY RESTRICTED NET ASSETS (continued)

Return Obiectives, Stratepies EmployedandSvendingyPolicy

The objective of The Guild (Parent Company only) is to maintain the principal endowment fundsat the original amount designated by the donor. The investment policy to achieve this objective isto invest in low-risk securities. Interest earned in relation to the endowment funds is recorded astemporarily restricted income and released from restriction upon expenditure for the program forwhich the endowment fund was established.

Funds with DefRciencies

The Guild (Parent Company only) does not have any funds with deficiencies.

EndowmentNet Asset Composition by Type ofFund as ofDecember 31, 2008

Endowment net asset composition of $9,033,933 consists ofpermanently donor-restricted funds:

Investment in perpetuity, the income from which isexpendable to support activities ofthe organization $ 8,818,301

Endowments requiring a portion ofincome to beadded to original gift - 215.632

$ 9.033.~9 3

ChanQes in EndowmentNetAssets for the Year EndedDecember 3X 2008

Temporarily PermanentlyUnrestricted Restricted Restricted Total

Endowment net assets,beginning ofyear $ 765,225 $ 8,958,723 $ 9,723,948

Investment income (loss) $ (2,365,810) (70,789) 210 (2,436,389)Contributions 75,000 75,000Appropriation of

endowment assetsfor expenditure 291,941 (291,941)

Endowment net assets,end ofyear $_ (2.073.869) $ 402.495 $, 9.033.933 $ 7-362 559

-continued-

C1 LOEB &TRCJPER LLP



DECEMBER 31, 2008

NOTE G - SPLIT-INTEREST AGREEMENTS

13.

The Guild (Parent Company only) has numerous split-interest agreements which include variouscharitable gift annuities. The interest rate used to determine the discount varies from 5.5% to7.75% as of December 31, 2008. The statement of operations and changes in net assets and thebalance sheet include the various split-interest agreements at fair market value as fo llows:

Charitable GiftAnnuities - Unrestricted

Statement of operations and changes in net assets

Contributions (net ofdiscount) $ 13,329

Change in value of split-interest agreements (40,861)

Balance sheet

Investments 2,294,054

Annuity obligations 1,958,786

NOTE H - DUE FROM SUBSIDIARIES

The Guild is the Parent Company of the following separately incorporated organizations. The

Guild has amounts due from (to) these organizations as follows:

J.G.B. Health Facilities Corporation $ 43,605,270

J.G.B. Rehabilitation Corporation 14,256,750

J.G.B. Education Services 14,568,358

In Touch Networks, Inc. 6,133,871

GuildNet, Inc. (4,368,982)

J.G.B. Mental Health and Mental Retardation Services, Inc. 8,075,590

Greater Boston Diabetes Society, Inc. . 55,286

Greater Boston Guild for the Blind, Inc. 3.232.097

Total 85,558,240

Less allowance for bad debts (66.663.500)

$ 18.894_740

In 2008, the Guild wrote off$9,000,000 against amounts due from subsidiaries.

-continued-

L LOEB SLMPERLLP



DECEMBER 31, 2008

NOTE I - CONCENTRATIONS

14.

The Guild's (Parent Company only) cash accounts are in several financial institutions and at timesthey exceed the FDIC. insurance limits. Management believes that credit risk related to theseaccounts is minimal.

NOTE J- PENSION PLANS

The Guild (Parent Company only) has two pension plans in effect, The Jewish Guild forthe BlindBargaining Unit Employees' Pension. Plan and The Jewish Guild for the Blind Non-BargainingUnit Employees' Pension Plan covering all of its eligible employees. No contributions arerequired from employees.

The following table sets forth the plans' funded status and amounts recognized in the balancesheet under FASB 158 reporting requirements:

~ Bargaining Non-Bargaining

Projected benefit obligation atDecember 31, 2008 $ (18,167,426) . $ (24,288,943)

Plan assets at fairvalue atDecember 31, 2008 7.550.728 11.768.921

Funded status $ 110.616_69R1 $ f12.520.022)

Weighted average assumptions as ofDecember 31, 2008:

Discount rate 6.25% 6.25%Expected return on plan assets 8.50% 8.50%Rate ofcompensation increase 4.00% 4.00%

Benefit costs $ 2,963,306 $ 3,216,413Employer contributions 596,118 6,712,532Plan participants' contributions - -Benefits paid 327,549 2,924,358Funded statu s adjustment 1,485,899 3,759,175

-continued-

M LOEB &-TROPERLLP

15.



DECEMBER 31, 2008

NOTE J - PENSION PLANS (continued)

Item not yet recognized as a component of net periodic pension cost:

Bargaining Non-Bargaining

Net loss $ 7,850,097 $ 10,072,070

Plan Assets

The Guild's (Parent Company only) pension plan asset allocations by asset category for

bargaining and non-bargaining are as follows:

Asset Category Bargaining Non-Bargaining

Cash - money market, 24% 52%

common stock 14% 11%

Limited partnership 33% 13%

Hedge funds 29% 24%

The Guild's (Parent Company only) investment po licies are designed to ensure adequate plan

assets are available to provide future payments ofpension benefits to eligible participants. Taking

into account the expected long-term rate of return on plan assets; The Guild (Parent Company

only) formulates the investment portfolio composed of the optimal combination of equity, debt

and real estate securities.

The investment policies are as fo llows:

UT) to:

65% Equity35% Debt

The expected returns on plan assets are developed in conjunction with actuaries and investment

advisors, and take into account long-term expectations for future returns and investment strategy.

Amounts are compared to historical averages for reasonableness.

-continued-

La LOEB SLTROPERLLP



DECEMBER 31, 2008

NOTE J - PENSION PLANS (continued)

Cash Flows

Contribution

16.

I

The Guild's (Parent Company only) pension plans are on a June 30th fiscal year end. Basedon The Guild's (Parent Company only) actuarial computation, The Guild (Parent Companyonly) contributed $7,308,650 to the pension plans in 2008. The Guild (Parent Company only)anticipates making contributions of$4,779,149 in 2009.

Estimated Future Benefit Payments

The following benefit payments, which reflect expected future service, are expected to bepaid as follows:

Year EndingDecember 31 Bargaining Non-Bargaining

2009 $ .1,054,829 $ 3,158,3252010 632,773 1,901,1872011 845,345 1,093,5912012 1,180,410 2,616,4472013 1,167,747 2,770,9682014-2018 8,645,559 14,639,752

NOTE K - POSTRETIREMENT MEDICAL BENEFIT PLANS

The Guild (Parent Company only) has noncontributory postretirement medical benefit plans. TheNon-Bargaining Unit Plan provides a subsidy for eligible employees who were hired prior toNovember 1994. The Bargaining Unit Plan covers eligible employees and provides benefits inaccordance with the collective bargaining agreement. The following table sets forth the twoplans' combined unfunded status and amounts recognized in the balance sheet as ofDecember 31,2008:

Benefit obligation at December 31, 2008 $ (3,067,833)Fair value ofplan assets at December 31, 2008

Funded status $_(3.067.833)

-continued-

LO] &TR(JPER LL P

THE JEWISH GUILD FOR THE BLIND(PARENT' COMPANY ONLY)


DECEMBER 31, 2008

NOTE K - POSTRETERFMENT MEDICAL BENEFIT PLANS (continued)

Weighted average assumptions as ofDecember 31:

Discount rate 6%

Expected return on plan assets 6%

Benefit costs $ 411,215

Employer contribution. 286,963

Plan participants' contributions 25,255

Benefits paid 312,218

The expense computation assumes future cost inflation for the year ended December 31, 2008:

Medical care 7.5%Pharmaceuticals 7.5%

17.

The health care cost trend rate assumption has a significant effect on the amounts reported. To

illustrate: increasing the assumed health care cost trend by 1 percentage point in each year would

increase the accumulated postretirement benefit obligation as ofDecember 31, 2008 by $102,660

and the 'aggregate of the service and interest cost components of net periodic postretirement

benefit cost for the year then ended by $6,160. The Guild (Parent Company only) is expected to

contribute $252,094 in 2009.

Estimated Future Benefit Payments

2009 $ 252,0942010 246,8522011 307,0512012 299,2882013 289,3512014-2018 1,302,220

NOTE L - CONTINGENCY,

The Guild (Parent Company only) is a guarantor on GBGB's loan with the Massachusetts Health

and Educational Facilities Authority (MHEFA) Capital Assets Program, Pool M-1 bond offering

maturing on June 15, 2031. At December 31, 2008, the balance of this loan is $513,290.

-continued-

L~ LOEB &-TROPERLLP,



DECEMBER 31, 2008

NOTE M - FUNCTIONAL EXPENSES

Program servicesManaged care program $ 23,887,753Rehabilitation services 2,823,783Other programs 2,061,786

Supporting services 17,618,874Direct costs ofspecial events 286,715Investment expenses 854,924Rental expenses 398.023

Total expenses $ 47_93]~858

NOTE N - PAYABLE TO ESTABLISH THE INSTITUTE FOR VISION AND AGING ANDTHE GUILD RESEARCH CENTER

18.

:On November 28, 2007, The Guild (Parent Company only) made two commitments to Fund forthe Aged, Inc. totaling $5,000,000. The commitments specify that The Guild (Parent Companyonly) will pay $4,000,000 over a two-year period commencing December 2008 to establish theGuild Institute for Vision and Aging. In addition, The Guild (Parent Company only) will pay$1,000,000 whereby Fund for the Aged, Inc. or its affiliate will establish The Guild ResearchCenter. The balance as ofDecember 31, 2008 is $2,500,000.

NOTE O - INSURANCE RECOVERY

During 2008, the Guild (Parent Company only) settled an insurance claim for damages caused bya flood in the building.

NOTE P - RENTAL INCOME

The Guild (Parent Company only) leases space under a cancelable lease which expires in August2012. Rental income for the year was $409,348.

-continued-

L LOEB &TROPER l.l.P

THE JEWISH GUILD FOR TBE BLIND(PARENT COMPANY ONLY)


DECEMBER 31, 2008

19.

NOTE Q - FAIR VALUE OF FINANCIAL INSTRUMENTS

The following methods and assumptions were used by The Guild (Parent Company only) in

estimating the fair value of its financial instruments:

Cash - The carrying amount reported in the balance sheet approximates fair value.

Investments - The carrying amount reported in the balance sheet is fair value based on quoted

market prices. The fair values ofthe investments in limited partnerships and hedge funds are

estimated based upon the current value provided by investment managers.

Loanspayable - The carrying amount reported in the balance sheet approximates fair value.

The estimated fair values of The Guild's (Parent Company only) financial instruments are as

follows:

Carrying Amount Fair Value

Cash $ 57,703 $ 57,703

Investments 78,094,918 78,094,918

Loans payable 4,722,220 4,722,220

NOTE R - SUBSEQUENT INVESTMENT INFORMATION - UNAUDITED

As of March 31, 2009, the investments, net of amounts used by operations, have decreased in

value by $1,805,040.

COPY OF WITHIN PAPERRECEIVED

NOV 2 3 2009

NYS OFFICE OF THE ATTORNEY GENERALCHARITIES BUREAU

L~ LOEB &MPER. LLP

Jewish Guild for the Blind 2008 Taxes

Documents

Transcript of Jewish Guild for the Blind 2008 Taxes