Vision Forward Association Incorporated FY2022 filing

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Empower, educate, and enhance the lives of individuals impacted by Vision loss through all of life's transitions.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$243K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $470K a year · 19% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$243K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $5.9M in investments, Pt X · Ln 11–13
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$82K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
+156% vs prior year
Spent
$2.8M
To programs
74%
Net assets
$6.7M
By yearFY2021–FY2025
Revenue
$2.8M
FY2022▲ +156%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$2.8M
FY2023$2.4M
FY2024$3.0M
FY2025$3.0M
Expenses
$2.8M
FY2022▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2021$2.5M
FY2022$2.8M
FY2023$3.0M
FY2024$3.1M
FY2025$3.3M
Net assets
$6.7M
FY2022▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2021$7.0M
FY2022$6.7M
FY2023$5.8M
FY2024$5.9M
FY2025$5.6M

From the FY2022 Form 990 (year ending March 2022) · figures checked against the IRS filing · see the original

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1951.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $2.1M Management & general 10% · $272K Fundraising 16% · $441K

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

20 people listed on the 990; $243K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Chief Executive Officer
$140,700Pt VII · Sec A
Director of Operations
$101,812Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jaclyn Borchardt’s $154K as Chief Executive Officer is at the 55th percentile of top reported officer pay among 733 $1–10M 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 · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Jaclyn Borchardt$154,385$138,455$106,961$101,812—
Terri Davis——$147,179$140,700$142,448
Heather Hinson$139,198————
Jacci Borchardt————$102,604
Matt Lemke————$54,232

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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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

Empowers, educates, and enhances lives impacted by vision loss through all life's transitions.

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Provided by the organization

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3 programs · $2.0M · in their own filed words · FY2021
01

Children's Program

Our children's services includes programming that serves children from six weeks to 21 years of age. Our children's program provides special education instruction, vision and sensory training, orientation and mobility training, and music, occupational, physical and SPEECH/LANGUAGE therapy to young children, ages six weeks to six years…

$1.0Mprogram expense
02

Vision Rehabilitation

Our adult vision rehabilitation services offers assessment and training in the following areas: low vision, activities of daily living, communication, orientation and mobility (wayfinding and white cane travel), and assistive technology to adults, ages 18 and older, who are blind and visually impaired.

$810Kprogram expense
03

Vision Forward Store

Our store is only one of a few resources in southeastern wisconsin that sells adaptive products for people with vision loss. The hundreds of products we carry are designed to help those who are blind, as well as those who are living with changing vision and low vision, to successfully accomplish the tasks of everyday life.

$195Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$100K
Grants paid · 1 grant · $6K · 2024–2024
Unitemized GrantFY2024$5,750

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Gifts and grantsLn 1h$1.7M
Investment incomeLn 3$504K
Fees for servicesLn 2g$487K
Money outPt IX
$2.8M
Ln 25
Programscol B$2.1M
Managementcol C$272K
Fundraisingcol D$441K
Owns and owesPt X
$6.7M
net assets · Ln 32
Cash and savingsLn 1–2$295K
Total assetsLn 16$6.8M
LiabilitiesLn 26$82K
PeoplePt VI, VII
20
listed · VII A
PaidVII A2
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Government grantsLn 1e$387K
Noncash giftsLn 1g$111K
Fundraising eventsLn 1c$150K
Fees for servicesLn 2g$487K
Investment incomeLn 3$504K
Other incomeLn 4–11$133K
Gains on assetsLn 7$310K
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$295K
Cash and savings togetherLn 1–2$295K
InvestmentsLn 11–13$5.9M
Land, buildings, equipmentLn 10c$38K
Other assetsLn 15$21K
Total assetsLn 16$6.8M
LiabilitiesLn 26$82K
Net assetsLn 32$6.7M
OperationsPt I, VI
EmployeesI 536
VolunteersI 635
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$111K
EndowmentSch D · Pt V
LineFY22FY21FY20FY19FY18
End of yearLn 1g$5.9M$5.9M$5.2M$6.3M$5.7M
Given inLn 1b$112K$0$254K$516K$1.9M
SpentLn 1d–1f$286K$635K$1.2M$888K$778K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$631K$295K
InvestmentsLn 11–13$5.9M$5.9M
Land, buildings, equipmentLn 10c$13K$38K
Total assetsLn 16$7.2M$6.8M
LiabilitiesLn 26$253K$82K
Net assetsLn 32$7.0M$6.7M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$5K$5K
Pay of current officers, directors and key staffLn 5$155K$121K$7K$26K
Other salaries and wagesLn 7$1.5M$1.2M$74K$262K
Pension plan contributionsLn 8$55K$43K$3K$9K
Other employee benefitsLn 9$103K$80K$5K$17K
Payroll taxesLn 10$134K$105K$6K$23K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$82K$82K
Lobbying feesLn 11d$11K$11K
Investment management feesLn 11f$34K$34K
Other fees for servicesLn 11g$107K$81K$21K$6K
Advertising and promotionLn 12$53K$10K$7K$36K
Office expensesLn 13$97K$85K$4K$7K
Information technologyLn 14$133K$117K$1K$14K
OccupancyLn 16$194K$162K$8K$24K
TravelLn 17$16K$16K$488$399
Conferences, conventions and meetingsLn 19$14K$2K$64$12K
Depreciation, depletion and amortizationLn 22$13K$11K$663$971
InsuranceLn 23$18K$16K$541$2K
Other expenses (24a–d)Ln 24$5K$4K$728$108
All other expensesLn 24e$2K$148$2K$22
Total functional expensesLn 25$2.8M$2.1M$272K$441K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 24, 2025 $3.0M$3.3M−$334K$5.6M 990 PDF
FY2024Filed with the IRS Nov 13, 2024 $3.0M$3.1M−$49K$5.9M 990 PDF
FY2023Filed with the IRS Nov 20, 2023 $2.4M$3.0M−$600K$5.8M 990 PDF
FY2022 ViewingFiled with the IRS Nov 18, 2022 $2.8M$2.8M$43K$6.7M 990 PDF
FY2021Filed with the IRS Nov 23, 2021 $1.1M$2.5M−$1.4M$7.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $2,817,896 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $654,796$1,693,831
I-9 Program service revenuePrior year $373,427$487,491
I-10 Investment incomePrior year $0$503,966
I-11 Other revenuePrior year $74,280$132,608
I-12 Total revenuePrior year $1,102,503$2,817,896
I-13 Grants and similar amounts paidPrior year $0$4,600
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,792,129$1,987,467
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $719,553$782,873
I-18 Total expensesPrior year $2,511,682$2,774,940
I-19 Revenue less expensesPrior year −$1,409,179$42,956
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,817,896 across 11 lines filed
Lines not itemized here account for $145,242 of total revenue; see the IRS return.
VIII-1a Federated campaigns$48,903
VIII-1c Fundraising events$149,640
VIII-1e Government grants$387,115
VIII-1f All other contributions, gifts and grants$1,108,173
VIII-1g Noncash contributions (included above)$110,510
VIII-1h Total contributions, gifts and grants$1,693,831
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $487,491$487,491
VIII-3 Investment incomeExcluded from tax $193,556$193,556
VIII-7 Net gain or loss on sales of assetsExcluded from tax $310,410$310,410
VIII-8 Net income from fundraising eventsExcluded from tax −$12,634−$12,634
VIII-12 Total revenueRelated to mission $630,806 · Unrelated business $0 · Excluded from tax $493,259$2,817,896
Part IX · Statement of functional expenses $2,774,940 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $4,600$4,600
IX-5 Pay of current officers, directors and key staffPrograms $121,452 · Management $7,453 · Fundraising $26,385$155,290
IX-7 Other salaries and wagesPrograms $1,205,386 · Management $73,966 · Fundraising $261,865$1,541,217
IX-8 Pension plan contributionsPrograms $42,728 · Management $2,622 · Fundraising $9,283$54,633
IX-9 Other employee benefitsPrograms $80,207 · Management $4,922 · Fundraising $17,425$102,554
IX-10 Payroll taxesPrograms $104,624 · Management $6,420 · Fundraising $22,729$133,773
IX-11b Legal feesManagement $2,804$2,804
IX-11c Accounting feesManagement $81,637$81,637
IX-11d Lobbying feesManagement $10,785$10,785
IX-11f Investment management feesManagement $34,416$34,416
IX-11g Other fees for servicesPrograms $80,575 · Management $21,010 · Fundraising $5,867$107,452
IX-12 Advertising and promotionPrograms $9,705 · Management $7,330 · Fundraising $36,231$53,266
IX-13 Office expensesPrograms $84,775 · Management $4,457 · Fundraising $7,476$96,708
IX-14 Information technologyPrograms $117,333 · Management $1,402 · Fundraising $14,148$132,883
IX-16 OccupancyPrograms $161,701 · Management $8,318 · Fundraising $23,837$193,856
IX-17 TravelPrograms $15,598 · Management $488 · Fundraising $399$16,485
IX-19 Conferences, conventions and meetingsPrograms $2,357 · Management $64 · Fundraising $11,899$14,320
IX-22 Depreciation, depletion and amortizationPrograms $11,239 · Management $663 · Fundraising $971$12,873
IX-23 InsurancePrograms $15,569 · Management $541 · Fundraising $2,304$18,414
IX-24 Other expenses (24a–d)Programs $4,234 · Management $728 · Fundraising $108$5,070
IX-24e All other expensesPrograms $148 · Management $1,734 · Fundraising $22$1,904
IX-25 Total functional expensesPrograms $2,062,231 · Management $271,760 · Fundraising $440,949$2,774,940
Part X · Balance sheet $6,770,094 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $630,956$294,676
X-3 Pledges and grants receivableStart of year $541,036$406,259
X-4 Accounts receivableStart of year $52,675$64,594
X-8 Inventories for sale or useStart of year $80,304$91,745
X-9 Prepaid expenses and deferred chargesStart of year $4,395$2,423
X-10c Land, buildings and equipment, netStart of year $13,088$37,826
X-11 Publicly traded securitiesStart of year $5,894,591$5,727,255
X-12 Other securitiesStart of year $0$124,241
X-15 Other assetsStart of year $21,075$21,075
X-16 Total assetsStart of year $7,238,120$6,770,094
X-17 Accounts payable and accrued expensesStart of year $252,872$82,039
X-26 Total liabilitiesStart of year $252,872$82,039
X-27 Net assets without donor restrictionsStart of year $5,504,240$5,325,206
X-28 Net assets with donor restrictionsStart of year $1,481,008$1,362,849
X-32 Total net assets or fund balancesStart of year $6,985,248$6,688,055
X-33 Total liabilities and net assetsStart of year $7,238,120$6,770,094
Part XI · Reconciliation of net assets $6,688,055 net assets at year end
XI-1 Total revenue$2,817,896
XI-2 Total expenses$2,774,940
XI-3 Revenue less expenses$42,956
XI-4 Net assets at start of year$6,985,248
XI-5 Net unrealized gains (losses) on investments−$340,149
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,688,055

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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