Vision Share INC FY2023 filing

Tax-deductible

Chicago, IL501(c)(3)Since 1998Health CareEIN 54-1912098Revenue $7.3M in FY2023

On file with the IRS3023 N Clark St Ste 118, 60657-5200 · Chicago, ILTax-exempt since May 1999Publicly supported charity — 170(b)(1)(A)(vi)

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The distribution of eye tissue for transplant, research, and medical education.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$140K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
5 of 5
filings with a surplus
Average surplus $407K a year · 6% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$140K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.3M
-2% vs prior year
Spent
$6.8M
To programs
95%
Net assets
$1.9M
By yearFY2020–FY2024
Revenue
$7.3M
FY2023▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.2M
FY2021$7.4M
FY2022$7.4M
FY2023$7.3M
FY2024$7.3M
Expenses
$6.8M
FY2023▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.8M
FY2021$7.0M
FY2022$7.0M
FY2023$6.8M
FY2024$6.9M
Net assets
$1.9M
FY2023▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.7M
FY2023$1.9M
FY2024$2.2M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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 May 1999.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $6.5M Management & general 5% · $335K

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

8 people listed on the 990; $140K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$140,257Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Phil Fasone’s $147K as Executive Director is at the 51st percentile of top reported officer pay among 3128 $1–10M health care 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

NameFY2024FY2023FY2022FY2021FY2020
Phil Fasone$147,416$140,257$113,631——
Jennifer Mochinski——$81,440$102,916$92,333

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

Distributes eye tissue for transplants, research, and medical education.

Provided by the organization

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1 program · $6.5M · in their own filed words · FY2023
01

The distribution of eye tissue for transplant, research, and medical education.

$6.5Mprogram expense

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$16

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$7.3M
Ln 12
Fees for servicesLn 2g$7.3M
Investment incomeLn 3$26K
Money outPt IX
$6.8M
Ln 25
Programscol B$6.5M
Managementcol C$335K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$619K
Total assetsLn 16$3.1M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$7.3M
Investment incomeLn 3$26K
Total revenueLn 12$7.3M
Assets in detailPt X, end of year
CashLn 1$619K
Cash and savings togetherLn 1–2$619K
InvestmentsLn 11–13$1.3M
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$3.1M
LiabilitiesLn 26$1.2M
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 56
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.2M$619K
InvestmentsLn 11–13$1.3M
Land, buildings, equipmentLn 10c$5K$5K
Total assetsLn 16$3.6M$3.1M
LiabilitiesLn 26$1.9M$1.2M
Net assetsLn 32$1.7M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$140K$140K
Other salaries and wagesLn 7$302K$270K$32K
Management feesLn 11a$30K$30K
Legal feesLn 11b$79$79
Accounting feesLn 11c$110K$110K
Advertising and promotionLn 12$53K$42K$12K
Office expensesLn 13$5K$5K
TravelLn 17$54K$54K$250
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$15K$7K$8K
Other expenses (24a–d)Ln 24$6.1M$6.1M$21K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$6.8M$6.5M$335K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $7.3M$6.9M$400K$2.2M 990 PDF
FY2023 Viewing $7.3M$6.8M$499K$1.9M 990 PDF
FY2022 $7.4M$7.0M$367K$1.7M 990 PDF
FY2021 $7.4M$7.0M$411K$1.4M 990 PDF
FY2020 $6.2M$5.8M$357K$1.3M 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 FY2023 990 (6 parts)
Part I · Summary $7,291,211 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $7,387,807$7,264,723
I-10 Investment incomePrior year $0$26,488
I-11 Other revenuePrior year $19,304$0
I-12 Total revenuePrior year $7,407,111$7,291,211
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $500,661$442,387
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,539,809$6,350,140
I-18 Total expensesPrior year $7,040,470$6,792,527
I-19 Revenue less expensesPrior year $366,641$498,684
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,291,211 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,264,723$7,264,723
VIII-3 Investment incomeExcluded from tax $26,488$26,488
VIII-12 Total revenueRelated to mission $7,264,723 · Unrelated business $0 · Excluded from tax $26,488$7,291,211
Part IX · Statement of functional expenses $6,792,527 across 12 lines filed
IX-5 Pay of current officers, directors and key staffManagement $140,257$140,257
IX-7 Other salaries and wagesPrograms $270,019 · Management $32,111$302,130
IX-11a Management feesPrograms $29,626$29,626
IX-11b Legal feesPrograms $79$79
IX-11c Accounting feesManagement $110,275$110,275
IX-12 Advertising and promotionPrograms $41,578 · Management $11,502$53,080
IX-13 Office expensesManagement $4,825$4,825
IX-17 TravelPrograms $54,137 · Management $250$54,387
IX-22 Depreciation, depletion and amortizationManagement $2,469$2,469
IX-23 InsurancePrograms $7,286 · Management $8,115$15,401
IX-24 Other expenses (24a–d)Programs $6,055,139 · Management $20,824$6,075,963
IX-24e All other expensesManagement $4,035$4,035
IX-25 Total functional expensesPrograms $6,457,864 · Management $334,663 · Fundraising $0$6,792,527
Part X · Balance sheet $3,099,754 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,242,559$619,222
X-4 Accounts receivableStart of year $1,319,820$1,127,667
X-9 Prepaid expenses and deferred chargesStart of year $13,672$21,194
X-10c Land, buildings and equipment, netStart of year $5,316$5,183
X-11 Publicly traded securities$1,326,488
X-16 Total assetsStart of year $3,581,367$3,099,754
X-17 Accounts payable and accrued expensesStart of year $1,821,870$1,121,225
X-19 Deferred revenue$94,213
X-25 Other liabilitiesStart of year $38,250$18,900
X-26 Total liabilitiesStart of year $1,860,120$1,234,338
X-27 Net assets without donor restrictionsStart of year $1,721,247$1,865,416
X-32 Total net assets or fund balancesStart of year $1,721,247$1,865,416
X-33 Total liabilities and net assetsStart of year $3,581,367$3,099,754
Part XI · Reconciliation of net assets $1,865,416 net assets at year end
XI-1 Total revenue$7,291,211
XI-2 Total expenses$6,792,527
XI-3 Revenue less expenses$498,684
XI-4 Net assets at start of year$1,721,247
XI-9 Other changes in net assets−$354,515
XI-10 Net assets at end of year$1,865,416

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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