Visionworkshops INC FY2022 filing

Annapolis, MD · Public charity (501(c)(3)) · Since 2001 · Arts & Culture

✓ Tax-deductible
Revenue
$469K
+80% vs prior year
Spent
$312K
To programs
67%
Net assets
$163K
By yearFY2020–FY2025
Revenue
$469K
FY2022▲ +80%
Revenue by fiscal year
FY2020$222K
FY2021$261K
FY2022$469K
FY2023$569K
FY2024$230K
FY2025$419K
Expenses
$312K
FY2022▲ +31%
Expenses by fiscal year
FY2020$229K
FY2021$239K
FY2022$312K
FY2023$587K
FY2024$315K
FY2025$362K
Net assets
$163K
FY2022▲ ×98
Net assets by fiscal year
FY2020−$20K
FY2021$2K
FY2022$163K
FY2023$135K
FY2024$49K
FY2025$108K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

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?
Yes — filed FY2025
Legal name (IRS)Hdr · item CVisionworkshops INC
EINHdr · item D31-1784157
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2001
Year of formationHdr · item L2001
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CAnnapolis, MD
NTEE classificationIRS BMFArts & Culture (A40)
WebsiteHdr · item Jwww.visionworkshops.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.30 Fundraising $0.03
Program services67%$209K
Management & general30%$94K
Fundraising3%$9K
Total functional expensesLn 25$312K

Financial health

Is it on solid ground?

Program efficiency
67%
of spending reaches programs
Operating runway
6.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+33%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$163K
FY2022▲ ×24
Total assets by fiscal year
FY2020$15K
FY2021$7K
FY2022$163K
FY2023$143K
FY2024$49K
FY2025$108K
Total liabilities
$0
FY2022▼ -100%
Total liabilities by fiscal year
FY2020$35K
FY2021$5K
FY2022$0
FY2023$8K
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19$157K
Total assetsPt X · Ln 16$163K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43

Balance Sheet

Part X · end of year
CashLn 1$158K
Total assetsLn 16$163K
Total liabilitiesLn 26$0
Total net assetsLn 32$163K
Months of cash on handcomputed6.1

Statement of Revenue

Part VIII
Program service revenue$413K · 88%
Contributions & grants$53K · 11%
Other revenue$3K · 1%
Program service revenue88%$413K
Contributions & grants11%$53K
Other revenue1%$3K
Investment income$217
Total revenueLn 12$469K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $158K · Operating expenses/yr $312K
6.1 months
Where the money goes
Program services
Program services $209K · Total expenses $312K
67%
Management & General
Management & general $94K · Total expenses $312K
30%
Fundraising
Fundraising $9K · Total expenses $312K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $10K · Solicited contributions (3-yr avg) $45K
$0.23 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $53K · Total revenue $469K
11%
Government reliance
Government grants — · Total revenue $469K
—
Earned-income share
Program service revenue $413K · Total revenue $469K
88%
Investment reliance
Investment income $217 · Total revenue $469K
+0.05%
Program self-sufficiency
Program service revenue $413K · Total expenses $312K
132%
Growth & trend
Revenue growth (YoY)
This year $469K · Prior year $261K
+80%
Net-asset trend (YoY)
End of year $163K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $469K · Expenses $312K
+33%
Liabilities-to-Assets
Total liabilities — · Total assets $163K
—
Net-asset ratio
Net assets $163K · Total assets $163K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $163K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kirsten B Elstner · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $123K · Total expenses $312K
40%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $143K · Total expenses $312K
46%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 67%——
Overhead ratio 30%——
Fundraising cost ratio 18%——
Revenue growth 80%——
Accounting fee ratio 1%——

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

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$123,235Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Kirsten B Elstner’s $140K as Executive Director is at the 97th percentile of top reported officer pay among 2216 $100K–1M 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 · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Kirsten B Elstner$140,271$123,235$155,000—
Kirsten Elstner———$153,000

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
  • 4Voting board membersPt VI · Ln 1a
  • 3Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Teaches photojournalism to high-risk youth for education and outreach.

Provided by the organization

This section is blank until Visionworkshops INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $209K of program spending, described in the organization's own filed words · FY2022.
01

Visionworkshops continued providing photography and writing workshops to young people in the maryland region, as well as worldwide through our national geographic photo camp program.

$209Kprogram expense

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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 · FY2023
Total grants receivedfrom 1 funder$11

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $419K$362K+82% 990 PDF
FY2024 $230K$315K-60% 990 PDF
FY2023 $569K$587K+21% 990 PDF
FY2022 Viewing $469K$312K+80% 990 PDF
FY2021 $261K$239K+18% 990 PDF
FY2020 $222K$229K 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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