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Vision Corner INC FY2024 filing

Tax-deductible

Union City, IN501(c)(3)Since 2024Arts & CultureEIN 81-4442761

To further enhance the educational scope of randolph eastern school corporation and to revitalize downtown union city as a symbol of union city's economic resurgence.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
2 of 2
filings with a surplus
Average surplus $182K a year · 78% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
102 mo
of spending, in cash
Looks good: 102.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$373K
Spent
$38K
To programs
98%
Net assets
$336K
By yearFY2024–FY2025
Revenue
$373K
FY2024
Revenue by fiscal year
FY2024$373K
FY2025$91K
Expenses
$38K
FY2024
Expenses by fiscal year
FY2024$38K
FY2025$62K
Net assets
$336K
FY2024
Net assets by fiscal year
FY2024$336K
FY2025$365K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 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 Jan 2018.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $37K Management & general 2% · $940

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Chad Spence
Board Chair
$0Pt VII · Sec A
Neal Adams
Treasurer
$0Pt VII · Sec A
Steve James
Director
$0Pt VII · Sec A
Chad Bolser
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Aaron Black
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Justin Jones
Director
$0Pt VII · Sec A
See Vision Corner 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports local schools and revitalizes downtown to boost economic growth.

Provided by the organization

This section is blank until Vision Corner INC claims this page.

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1 program service account for $37K of program spending, described in the organization's own filed words · FY2024.
01

Provide eductional resources for union city indiana

$37Kprogram 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 · FY2024
Ball Brothers FoundationFY2024$15K
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$373K
Ln 12
Other incomeLn 4–11$339K
Gifts and grantsLn 1h$19K
Fees for servicesLn 2g$14K
Money outPt IX
$38K
Ln 25
Programscol B$37K
Managementcol C$940
Owns and owesPt X
$336K
net assets · Ln 32
Cash and savingsLn 1–2$322K
Total assetsLn 16$336K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$19K
Fees for servicesLn 2g$14K
Investment incomeLn 3$1K
Other incomeLn 4–11$339K
Total revenueLn 12$373K
Assets in detailPt X, end of year
CashLn 1$322K
Cash and savings togetherLn 1–2$322K
Land, buildings, equipmentLn 10c$14K
Total assetsLn 16$336K
LiabilitiesLn 26$0
Net assetsLn 32$336K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$322K
Land, buildings, equipmentLn 10c$0$14K
Total assetsLn 16$0$336K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$336K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$12K$12K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$940$940
OccupancyLn 16$7K$7K
Conferences, conventions and meetingsLn 19$84$84
Depreciation, depletion and amortizationLn 22$1K$1K
Other expenses (24a–d)Ln 24$10K$10K
Total functional expensesLn 25$38K$37K$940$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $91K$62K$29K$365K 990 PDF
FY2024 Viewing $373K$38K$336K$336K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $373,280 across 8 lines filed
VIII-1f All other contributions, gifts and grants$19,000
VIII-1h Total contributions, gifts and grants$19,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,510$13,510
VIII-3 Investment incomeExcluded from tax $1,436$1,436
VIII-6 Net rental income or lossRelated to mission $330,000$330,000
VIII-8 Net income from fundraising eventsExcluded from tax $1,550$1,550
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $7,784$7,784
VIII-12 Total revenueRelated to mission $343,510 · Unrelated business $0 · Excluded from tax $10,770$373,280
Part IX · Statement of functional expenses $37,689 across 7 lines filed
IX-11g Other fees for servicesPrograms $12,260$12,260
IX-12 Advertising and promotionPrograms $5,826$5,826
IX-13 Office expensesManagement $940$940
IX-16 OccupancyPrograms $6,817$6,817
IX-19 Conferences, conventions and meetingsPrograms $84$84
IX-22 Depreciation, depletion and amortizationPrograms $1,353$1,353
IX-24 Other expenses (24a–d)Programs $10,409$10,409
IX-25 Total functional expensesPrograms $36,749 · Management $940 · Fundraising $0$37,689
Part X · Balance sheet $335,591 assets, 7 lines filed
X-1 Cash, non-interest-bearing$321,655
X-10c Land, buildings and equipment, netStart of year $0$13,936
X-16 Total assetsStart of year $0$335,591
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$335,591
X-32 Total net assets or fund balancesStart of year $0$335,591
X-33 Total liabilities and net assetsStart of year $0$335,591
Part XI · Reconciliation of net assets $335,591 net assets at year end
XI-1 Total revenue$373,280
XI-2 Total expenses$37,689
XI-3 Revenue less expenses$335,591
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$335,591

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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