Visioncorps Foundation

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EIN 20-8657297 Unknown exempt organization Lancaster, PA
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2021
Revenue
$1.0M
FY2021▼ -46%
Expenses
$1.0M
FY2021▼ -19%

Form 990 for the fiscal year ending June 2021 (IRS tax year 2020).


Empowering blind and visually impaired individuals for greater personal and economic independence. For fiscal year 2021 it reported $1.0M in revenue and $1.0M in expenses.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Lancaster, PA
Website
www.visioncorps.net
Filings
2 on file (2020–2021)
Revenue
$1.0MFY2021
Expenses
$1.0M
Net assets
$0
People
7
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Size
$1–10M
What they do
Empowering blind and visually impaired individuals for greater personal and economic independence.
Leadership
Megan E Tomsheck · Vice President · $118K
Money in and out
$1.0M revenue, $1.0M expenses
Bottom line
+0.7% surplus margin
Reported financial activity · FY2021
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $8K
Where spending went · Part IX cols B–D
Program services $0.59 Management & general $0.20 Fundraising $0.21
Surplus margin
+0.7%
revenue over expenses, this year▼ -98% vs prior filing year
Program spending
59%
of expenses reach programs▼ -2% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$0
FY2021▼ -100%
Total liabilities
$0
FY2021▼ -100%
Revenue less expensesPt I · Ln 19$8K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CVisioncorps Foundation
EINHdr · item D20-8657297
Principal addressHdr · item CLancaster, PA
WebsiteHdr · item Jwww.visioncorps.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Vice President
$118,366Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Megan E Tomsheck$118,366$113,963

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.

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Mission & Programs · Part III

Where the work happens

2 program services account for $605K of program spending, described in the organization's own filed words · FY2020.
01

Grant-Making

Visioncorps foundation trustees approved grants supporting programs that enable greater financial and social independence for people who are blind. Grants given include grants to programs that have provided 114,000 hours of work to employees who are blind, giving these individuals economic independence.

$522Kprogram expense
02

Education and Public Awareness

Visioncorps foundation understands that community education and awareness is critical in maintaining support for its programs. One particular program supported by the foundation served 1,217 unique clients in its many service areas, for a total of 11,015 service hours - this would not have been possible without the support of an aware…

$83Kprogram expense

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Statement of Revenue

Part VIII
Investment income$576K · 55%
Contributions & grants$487K · 47%
Investment income55%$576K
Contributions & grants47%$487K
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.20 Fundraising $0.21
Program services59%$605K
Management & general20%$207K
Fundraising21%$220K
Total functional expensesLn 25$1.0M

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses (Pt IX) $1.0M · Less non-cash grants $10K · Cash operating expenses/yr $1.0M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $605K · Total expenses $1.0M
59%
Management & General
Management & general $207K · Total expenses $1.0M
20%
Fundraising
Fundraising $220K · Total expenses $1.0M
21%
Cost to raise $1
Fundraising expense (2-yr avg) $256K · Solicited contributions (2-yr avg) $601K
$0.43 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $487K · Total revenue $1.0M
47%
Government reliance
Government grants — · Total revenue $1.0M
—
Earned-income share
Program service revenue $0 · Total revenue $1.0M
0%
Investment reliance
Investment income $576K · Total revenue $1.0M
+55%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.0M
0%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year $1.9M
-46%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $1.0M
+0.7%
Liabilities-to-Assets
Total liabilities — · Total assets $0
—
Net-asset ratio
Net assets $0 · Total assets $0
—
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Megan E Tomsheck · Reported title VICE PRESIDENT · Highest reported compensation $118K · Total expenses $1.0M
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $269K · Total expenses $1.0M
26%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $39K · Gross raised $53K
73%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 59%——
Overhead ratio 20%——
Fundraising cost ratio 45%——
Revenue growth -46%——
Fundraising fee ratio 4%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$26K
Grants paid · 2 grants · $1.1M · 2019–2020
VisioncorpsPA · FY2020$498,779
VisioncorpsPA · FY2019$608,315

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2021 (Latest)$1.0M revenue · viewing · ⤓ 990 PDF
FY2020$1.9M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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