Visionspring EIN 31-1811558

Visionspring FY2022 filing

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Provides eyeglasses and vision screening to underserved populations worldwide. For fiscal year 2022 it reported $23.0M in revenue, $9.0M in expenses, and $28.1M in net assets.Pt I

Founded
2001
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
New York, NY
Website
www.visionspring.org
Filings
5 on file (2020–2022)
Revenue
$23.0MFY2022
Expenses
$9.0M
Net assets
$28.1M
People
23
Filings
5
Updates
0
More identity details & actions ⌄
EIN  31-1811558 Public foundation / grantmaker New York, NY Founded 2001
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 7/20/26 · see original: IRS
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Size
$10–100M
What they do
Provides eyeglasses and vision screening to underserved populations worldwide.
Leadership
Ella Gudwin · Chief Executive Officer · $229K
Money in and out
$23.0M revenue, $9.0M expenses
Bottom line
78% program efficiency
Grants paid & assets · FY2022
Total revenue
$23.0M
Pt VIII · Ln 12
Total expenses
$9.0M
Pt IX · Ln 25
Net assets
$28.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $14.1M
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.11 Fundraising $0.11
Program efficiency
78%
of spending reaches programs
Operating runway
32.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+61%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$23.0M
FY2022▲ +82%
Expenses
$9.0M
FY2022▲ +12%
Total assets
$29.3M
FY2022▲ +92%
Total liabilities
$1.2M
FY2022▼ -4%
Total revenue
$23.0M
Pt VIII · Ln 12
Total expenses
$9.0M
Pt IX · Ln 25
Net assets
$28.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$14.1M
Total assetsPt X · Ln 16$29.3M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

1 program service account for $7.0M of program spending, described in the organization's own filed words · FY2022.
01

Visionspring works to increase lifelong earning, learning, safety, and well-being through eyeglasses for people vulnerable to poverty. In 2022, we screened 2.13m people and corrected the vision of 1.5m, providing eyeglasses to low-income earners and learners to see well and do well.

$7.0Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVisionspring
EINHdr · item D31-1811558
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.visionspring.org
Year of formationHdr · item L2001
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T12)
Ruling yearIRS BMFMar 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b14
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer
$228,885Pt VII · Sec A
Officer (thru Mar 2022)
$185,693Pt VII · Sec A
Founder/Secretary/Vice Chair
$155,250Pt VII · Sec A
Director of Technology
$155,095Pt VII · Sec A
Global VP of Finance
$152,233Pt VII · Sec A
Global Director, Marketing & Comm.
$135,703Pt VII · Sec A
Global Supply Chain Director
$118,390Pt VII · Sec A
Global VP, Resource Mobilization
$100,148Pt VII · Sec A

Ella Gudwin’s $296K as Chief Executive Officer is at the 68th percentile of top reported officer pay among 658 $10–100M philanthropy & grantmaking 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ella Gudwin$296,045$259,672$228,885$211,968$222,572
Leena Palav$197,992
Leena Palav Chief Operating$185,693
Dr Jordan Kassalow$155,250$169,222$155,250$143,308$147,040
Vivek Rathi$159,021$165,918$152,233$71,912
Scott Schroeder$165,601$100,148
James Naylor$153,963$164,743$155,095$129,550$137,857
Teobaldo R Camejo$157,623$135,832

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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Statement of Revenue

Part VIII
Contributions & grants102%$23.5M
Investment income$96K
— government grantsLn 1e$508K
Total revenueLn 12$23.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.11 Fundraising $0.11
Program services78%$7.0M
Management & general11%$1.0M
Fundraising11%$955K
Total functional expensesLn 25$9.0M

Balance Sheet

Part X · end of year
CashLn 1$23.9M
Total assetsLn 16$29.3M
Total liabilitiesLn 26$1.2M
Total net assetsLn 32$28.1M
Months of cash on handcomputed32.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $23.9M · Operating expenses/yr $9.0M
32.0 months
Where the money goes
Program services
Program services $7.0M · Total expenses $9.0M
78%
Management & General
Management & general $1.0M · Total expenses $9.0M
11%
Fundraising
Fundraising $955K · Total expenses $9.0M
11%
Cost to raise $1
Fundraising expense (3-yr avg) $692K · Solicited contributions (3-yr avg) $14.4M
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $23.5M · Total revenue $23.0M
102%
Government reliance
Government grants $508K · Total revenue $23.0M
2%
Earned-income share
Program service revenue $0 · Total revenue $23.0M
0%
Investment reliance
Investment income $96K · Total revenue $23.0M
+0.4%
Program self-sufficiency
Program service revenue $0 · Total expenses $9.0M
0%
Growth & trend
Revenue growth (YoY)
This year $23.0M · Prior year $12.7M
+82%
Net-asset trend (YoY)
End of year $28.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $23.0M · Expenses $9.0M
+61%
Liabilities-to-Assets
Total liabilities — · Total assets $29.3M
Net-asset ratio
Net assets $28.1M · Total assets $29.3M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $29.3M
0%
People & payroll
Highest Reported Total Compensation
Individual Ella Gudwin · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $229K · Total expenses $9.0M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.3M · Total expenses $9.0M
26%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 11%
Fundraising cost ratio 4%
Revenue growth 82%
Accounting fee ratio 2%

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
See all 19 funders →
Grants paid · 2 grants · $93K · 2020–2020
Wateraid America INCNY · FY2020$60,000

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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
FY2024 (Latest)$12.9M revenue · ⤓ 990 PDF
FY2023$10.5M revenue · ⤓ 990 PDF
FY2022$23.0M revenue · viewing · ⤓ 990 PDF
FY2021$12.7M revenue · ⤓ 990 PDF
FY2020$8.6M revenue · ⤓ 990 PDF

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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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