Vons Vision INC FY2021 filing

Tax-deductible

Florence, KY501(c)(3)Human ServicesEIN 46-0839089

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The mission of von's Vision is to provide low-income students with the eye care and fashcorrective eyewear they need to be their best in the classroom and in life.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $250K a year · 16% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $126
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$25K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
-12% vs prior year
Spent
$1.2M
To programs
60%
Net assets
$2.5M
By yearFY2020–FY2024
Revenue
$1.4M
FY2021▼ -12%
Revenue by fiscal year
FY2020$1.6M
FY2021$1.4M
FY2022$2.1M
FY2023$2.1M
FY2024$641K
Expenses
$1.2M
FY2021▼ -14%
Expenses by fiscal year
FY2020$1.4M
FY2021$1.2M
FY2022$2.0M
FY2023$1.4M
FY2024$709K
Net assets
$2.5M
FY2021▲ +12%
Net assets by fiscal year
FY2020$2.3M
FY2021$2.5M
FY2022$2.6M
FY2023$3.3M
FY2024$3.3M

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2012.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $710K Management & general 11% · $132K Fundraising 29% · $340K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Vice Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Sec/Treasure
$0Pt VII · Sec A
See Vons Vision INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides low-income students with eye care and corrective eyewear for success.

Provided by the organization

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3 programs · $607K · in their own filed words · FY2021
01

Von's vision center vons vision centers are mobile optometry kiosks that allow in-need students to receive vision care on an ongoing basis without the burden of transportation. These customized centers hold fashionable eyewear and accessories, creating a unique and exciting optical center on wheels.

$234Kprogram expense
02

Von's vision days the flagship outreach program of the foundation is vons vision day. Vons vision day provides children from across our target markets identified and invited through our relationships with schools, after-school programs, and community organizations with access to free eye-screening and, if needed, a free eye exam…

$220Kprogram expense
03

Von's vision exam day at texas A&M university as an extension of the von's vision center and vons locker programs, von's vision hosts 'exam days' on the campus of texas A&M university for undergraduate students attending von's alma mater on financial aid.

$153Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$126
Grants paid · 3 grants · $38K · 2022–2023
Hero Vision of Commerce City LLCFY2023$11,045
Hv South Denver LLCFY2023$5,410
Hv South Denver LLCFY2022$21,436

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.2M
Other incomeLn 4–11$255K
Money outPt IX
$1.2M
Ln 25
Programscol B$710K
Managementcol C$132K
Fundraisingcol D$340K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$164K
Total assetsLn 16$2.6M
LiabilitiesLn 26$25K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Noncash giftsLn 1g$822K
Fundraising eventsLn 1c$351K
Other incomeLn 4–11$255K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$164K
Cash and savings togetherLn 1–2$164K
Total assetsLn 16$2.6M
LiabilitiesLn 26$25K
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$144K$164K
Total assetsLn 16$2.3M$2.6M
LiabilitiesLn 26$1K$25K
Net assetsLn 32$2.3M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$421K$421K
Management feesLn 11a$447K$220K$110K$117K
Legal feesLn 11b$3K$2K$212$813
Accounting feesLn 11c$536$268$134$134
Other fees for servicesLn 11g$116K$19K$8K$90K
Advertising and promotionLn 12$113K$13K$9K$91K
Office expensesLn 13$28K$14K$1K$13K
TravelLn 17$38K$12K$169$26K
Conferences, conventions and meetingsLn 19$5K$4K$782$228
InsuranceLn 23$10K$5K$2K$2K
Total functional expensesLn 25$1.2M$710K$132K$340K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $641K$709K−$68K$3.3M 990 PDF
FY2023 $2.1M$1.4M$699K$3.3M 990 PDF
FY2022 $2.1M$2.0M$92K$2.6M 990 PDF
FY2021 Viewing $1.4M$1.2M$263K$2.5M 990 PDF
FY2020 $1.6M$1.4M$266K$2.3M 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
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $1,445,752 across 6 lines filed
VIII-1c Fundraising events$350,864
VIII-1f All other contributions, gifts and grants$839,763
VIII-1g Noncash contributions (included above)$821,854
VIII-1h Total contributions, gifts and grants$1,190,627
VIII-8 Net income from fundraising events$255,125
VIII-12 Total revenue$1,445,752
Part IX · Statement of functional expenses $1,182,417 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $421,456$421,456
IX-11a Management feesPrograms $220,242 · Management $110,121 · Fundraising $117,105$447,468
IX-11b Legal feesPrograms $1,625 · Management $212 · Fundraising $813$2,650
IX-11c Accounting feesPrograms $268 · Management $134 · Fundraising $134$536
IX-11g Other fees for servicesPrograms $18,810 · Management $7,832 · Fundraising $89,810$116,452
IX-12 Advertising and promotionPrograms $12,913 · Management $8,654 · Fundraising $91,368$112,935
IX-13 Office expensesPrograms $14,128 · Management $1,484 · Fundraising $12,634$28,246
IX-17 TravelPrograms $11,877 · Management $169 · Fundraising $26,074$38,120
IX-19 Conferences, conventions and meetingsPrograms $3,875 · Management $782 · Fundraising $228$4,885
IX-23 InsurancePrograms $5,041 · Management $2,314 · Fundraising $2,314$9,669
IX-25 Total functional expensesPrograms $710,235 · Management $131,702 · Fundraising $340,480$1,182,417
Part X · Balance sheet $2,556,546 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $143,991$163,998
X-4 Accounts receivableStart of year $60−$36
X-8 Inventories for sale or useStart of year $2,124,836$2,392,584
X-16 Total assetsStart of year $2,268,887$2,556,546
X-19 Deferred revenue$25,000
X-26 Total liabilitiesStart of year $1,414$25,000
X-27 Net assets without donor restrictionsStart of year $2,267,473$2,531,546
X-32 Total net assets or fund balancesStart of year $2,267,473$2,531,546
X-33 Total liabilities and net assetsStart of year $2,268,887$2,556,546
Part XI · Reconciliation of net assets $2,531,546 net assets at year end
XI-1 Total revenue$1,445,752
XI-2 Total expenses$1,182,417
XI-3 Revenue less expenses$263,335
XI-4 Net assets at start of year$2,267,473
XI-8 Prior period adjustments$738
XI-10 Net assets at end of year$2,531,546

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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