Visual Compassion INC FY2021 filing

Houston, TX · Public charity (501(c)(3)) · Diseases & Disorders

✓ Tax-deductible Latest data FY2021
Revenue
$389K
▼ -1.0% vs prior year
Spent
$396K
To programs
78%
Net assets
$299K
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
Not on file
Spent on programs?
78% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↓ -1.0% vs prior year
Legal name (IRS)Hdr · item CVisual Compassion INC
EINHdr · item D26-2174933
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2008
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CHouston, TX
NTEE classificationIRS BMFDiseases & Disorders (G41)
WebsiteHdr · item Jwww.visualcompassion.com

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.22
Program services78%$309K
Management & general22%$87K
Total functional expensesLn 25$396K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$389K
FY2021▼ -1.0%
Expenses
$396K
FY2021▲ +6%
Program efficiency
78%
of spending reaches programs
Operating runway
0.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$299K
FY2021▼ -2%
Total liabilities
$0
FY2021
Revenue less expensesPt I · Ln 19−$7K
Total assetsPt X · Ln 16$299K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$21K
Total assetsLn 16$299K
Total liabilitiesLn 26$0
Total net assetsLn 32$299K
Months of cash on handcomputed0.6

Statement of Revenue

Part VIII
Other revenue$179K · 46%
Program service revenue$109K · 28%
Contributions & grants$100K · 26%
Other revenue46%$179K
Program service revenue28%$109K
Contributions & grants26%$100K
Total revenueLn 12$389K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $21K · Operating expenses (Pt IX) $396K · Less non-cash grants $99K · Cash operating expenses/yr $297K
0.8 months
Where the money goes
Program services
Program services $309K · Total expenses $396K
78%
Management & General
Management & general $87K · Total expenses $396K
22%
Fundraising
Fundraising $0 · Total expenses $396K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $54K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $100K · Total revenue $389K
26%
Government reliance
Government grants — · Total revenue $389K
—
Earned-income share
Program service revenue $109K · Total revenue $389K
28%
Investment reliance
Investment income $0 · Total revenue $389K
0%
Program self-sufficiency
Program service revenue $109K · Total expenses $396K
28%
Growth & trend
Revenue growth (YoY)
This year $389K · Prior year $393K
-1.0%
Net-asset trend (YoY)
End of year $299K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $389K · Expenses $396K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $299K
—
Net-asset ratio
Net assets $299K · Total assets $299K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $299K
0%
People & payroll
Highest Reported Total Compensation
Individual Joseph Dollak Od · Reported title CEO · Highest reported compensation $135K · Total expenses $396K
34%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $200K · Total expenses $396K
50%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%——
Overhead ratio 22%——
Fundraising cost ratio 0%——
Revenue growth -1.0%——
Investment management fee ratio 0%——
Legal fee ratio 0.2%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$135,000Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Joseph Dollak Od’s $135K as CEO is at the 92nd percentile of top reported officer pay among 901 $100K–1M diseases & disorders 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Joseph Dollak Od$135,000$135,000$135,000$135,000$135,000

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.

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Offers free vision care and job training for those recovering from addiction.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $293K of program spending, described in the organization's own filed words · FY2021.
01

Visual Compassion provides free and low cost vision care services and products to underserved communities through 2 optometric clinics. The services include vision screenings, diabetic health screenings, glaucoma screenings, eye exams, visual perception evaluations to offer 50% + of our selection for free.

$216Kprogram expense
02

Visual Compassion helps supply missionaries and mission trips with very low cost eyeglasses products for use in areas often underserved or never served. We produce most of these items in our labs. We also make all of the local mission program glasses in house for the Houston area programs.

$46Kprogram expense
03

Visual Compassion provides job training and working internships in vision care insurance operations. This is a piggy-back on the main job training program. (Visual Compassion provides job training and working internships in vision care sales and the production and assembly of eye glasses.

$31Kprogram expense

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Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $283K$327K-18% 990 PDF
FY2023 $347K$349K-2% 990 PDF
FY2022 $355K$368K-9% 990 PDF
FY2021 Viewing $389K$396K-1.0% 990 PDF
FY2020 $393K$372K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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