Visionaries INC FY2020 filing

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Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-3282172) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$77K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest 990-N e-Postcard
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average deficit $9K a year · 2% of revenue · last 3 filings
A surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
87%
of spending
87% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$77K
to officers and key staff · 14% of spending
Pay to officers and key staff is 14% of spending.
Part VII, Section A
0.8 mo
of spending, in cash
0.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $61K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$112K
82% of total assets
Liabilities are 82% of assets.
Pt X · Ln 26
Independent board members
8
of 9 voting members
8 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$656K
+0.7% vs prior year
Spent
$538K
To programs
87%
Net assets
$25K
By yearFY2019–FY2021
Revenue
$656K
FY2020▲ +0.7%
Tap a bar for its year
Revenue by fiscal year
FY2019$651K
FY2020$656K
FY2021$199K
Expenses
$538K
FY2020▼ -33%
Tap a bar for its year
Expenses by fiscal year
FY2019$801K
FY2020$538K
FY2021$195K
Net assets
$25K
FY2020▲ +126%
Tap a bar for its year
Net assets by fiscal year
FY2019−$93K
FY2020$25K
FY2021$30K

From the FY2020 Form 990 (year ending July 2020) · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2020. IRS ruling in Mar 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $469K Management & general 11% · $61K Fundraising 1% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $77K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Clerk/Executive Director
$63,500Pt VII · Sec A
President/Director
$13,698Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer/Director
$0Pt VII · Sec A

Elizabeth Turner’s $64K as Clerk/Executive Director is at the 98th percentile of top reported officer pay among 250 <$100K arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2020FY2019
William Mosher$13,698$163,050
Elizabeth Turner$63,500$72,000
David Reeder—$1,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Visionaries INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Informs the public about the value of charitable and educational services.

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1 program · $469K · in their own filed words · FY2019
01

Production of the innovative documentary television series called "the visionaries" which is broadcast on PBS.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-3282172) · Dispute this line
$469Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$61K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$656K
Ln 12
Gifts and grantsLn 1h$636K
Fees for servicesLn 2g$19K
Investment incomeLn 3$1K
Money outPt IX
$538K
Ln 25
Programscol B$469K
Managementcol C$61K
Fundraisingcol D$8K
Owns and owesPt X
$25K
net assets · Ln 32
Cash and savingsLn 1–2$35K
Total assetsLn 16$136K
LiabilitiesLn 26$112K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$636K
Government grantsLn 1e$2K
Fees for servicesLn 2g$19K
Investment incomeLn 3$1K
Gains on assetsLn 7$630
Total revenueLn 12$656K
Assets in detailPt X, end of year
CashLn 1$24K
SavingsLn 2$11K
Cash and savings togetherLn 1–2$35K
Pledges and grants receivableLn 3$81K
Prepaid expenses and deferred chargesLn 9$5K
Land, buildings, equipmentLn 10c$1K
InvestmentsLn 11–13$10K
Intangible assetsLn 14$3K
Other assetsLn 15$371
Total assetsLn 16$136K
LiabilitiesLn 26$112K
Net assetsLn 32$25K
OperationsPt I, VI
EmployeesI 53
VolunteersI 630
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$35K$35K
InvestmentsLn 11–13$11K$10K
Land, buildings, equipmentLn 10c$2K$1K
Total assetsLn 16$81K$136K
LiabilitiesLn 26$174K$112K
Net assetsLn 32−$93K$25K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$65K$55K$8K$2K
Other salaries and wagesLn 7$58K$49K$4K$5K
Payroll taxesLn 10$11K$9K$1K$573
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$25K$25K
Other fees for servicesLn 11g$314K$314K$45$23
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$8K$6K$2K$365
Information technologyLn 14$9K$9K
TravelLn 17$22K$22K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$7K$6K$683$347
Other expenses (24a–d)Ln 24$3K$3K$135
Total functional expensesLn 25$538K$469K$61K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 LatestFiled with the IRS Jun 17, 2022 $199K$195K$5K$30K 990 PDF
FY2020 ViewingFiled with the IRS Jun 15, 2021 $656K$538K$118K$25K 990 PDF
FY2019Filed with the IRS Jan 11, 2021 $651K$801K−$150K−$93K 990 PDF

Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2020. The 990-N has no money details, and postcard years before 2024 are not published by the IRS.

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $655,950 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $650,357$636,061
I-9 Program service revenuePrior year $319$18,734
I-10 Investment incomePrior year $470$1,155
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $651,146$655,950
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $181,420$134,145
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $619,864$403,664
I-18 Total expensesPrior year $801,284$537,809
I-19 Revenue less expensesPrior year −$150,138$118,141
Part VI · Governance 8 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $655,950 across 7 lines filed
VIII-1e Government grants$2,000
VIII-1f All other contributions, gifts and grants$634,061
VIII-1h Total contributions, gifts and grants$636,061
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,734$18,734
VIII-3 Investment incomeExcluded from tax $525$525
VIII-7 Net gain or loss on sales of assetsExcluded from tax $630$630
VIII-12 Total revenueRelated to mission $18,734 · Unrelated business $0 · Excluded from tax $1,155$655,950
Part IX · Statement of functional expenses $537,809 across 13 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $55,149 · Management $8,152 · Fundraising $1,604$64,905
IX-7 Other salaries and wagesPrograms $48,812 · Management $4,375 · Fundraising $5,082$58,269
IX-10 Payroll taxesPrograms $9,264 · Management $1,134 · Fundraising $573$10,971
IX-11b Legal feesManagement $4,935$4,935
IX-11c Accounting feesManagement $25,382$25,382
IX-11g Other fees for servicesPrograms $314,044 · Management $45 · Fundraising $23$314,112
IX-12 Advertising and promotionPrograms $4,650$4,650
IX-13 Office expensesPrograms $5,732 · Management $2,211 · Fundraising $365$8,308
IX-14 Information technologyManagement $8,586$8,586
IX-17 TravelPrograms $22,238$22,238
IX-22 Depreciation, depletion and amortizationManagement $5,388$5,388
IX-23 InsurancePrograms $5,582 · Management $683 · Fundraising $347$6,612
IX-24 Other expenses (24a–d)Programs $3,318 · Management $135$3,453
IX-25 Total functional expensesPrograms $468,789 · Management $61,026 · Fundraising $7,994$537,809
Part X · Balance sheet $136,199 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $20,318$23,934
X-2 Savings and temporary cash investmentsStart of year $14,833$10,851
X-3 Pledges and grants receivableStart of year $2,500$81,000
X-9 Prepaid expenses and deferred chargesStart of year $23,222$5,283
X-10c Land, buildings and equipment, netStart of year $1,988$1,464
X-11 Publicly traded securitiesStart of year $10,568$10,322
X-14 Intangible assetsStart of year $7,838$2,974
X-15 Other assets$371
X-16 Total assetsStart of year $81,267$136,199
X-17 Accounts payable and accrued expensesStart of year $174,465$87,607
X-24 Unsecured notes and loans payable$23,895
X-26 Total liabilitiesStart of year $174,465$111,502
X-27 Net assets without donor restrictionsStart of year −$162,669−$71,303
X-28 Net assets with donor restrictionsStart of year $69,471$96,000
X-32 Total net assets or fund balancesStart of year −$93,198$24,697
X-33 Total liabilities and net assetsStart of year $81,267$136,199
Part XI · Reconciliation of net assets $24,697 net assets at year end
XI-1 Total revenue$655,950
XI-2 Total expenses$537,809
XI-3 Revenue less expenses$118,141
XI-4 Net assets at start of year−$93,198
XI-5 Net unrealized gains (losses) on investments−$246
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$24,697

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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