One Vision Charitable Foundation FY2024 filing

Tax-deductible

Clear Lake, IA501(c)(3)Since 2017Human ServicesEIN 81-4838453

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One Vision Charitable Foundation is organized exclusively for the benefit of, to perform the functions of, or to carry out the purposes of One Vision, an Iowa Nonprofit Corporation, which is committed to excellence in service to individuals with disabilities.

501(c)(3) charity; gifts are tax-deductible.
97¢ 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
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
2 of 4
filings with a surplus
Average deficit $965K a year · 84% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$248K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
+127% vs prior year
Spent
$7.0M
To programs
97%
Net assets
$18.0M
By yearFY2020–FY2024
Revenue
$2.4M
FY2024▲ +127%
Revenue by fiscal year
FY2020$622K
FY2022$438K
FY2023$1.1M
FY2024$2.4M
FY2024$948K
Expenses
$7.0M
FY2024▲ ×13
Expenses by fiscal year
FY2020$631K
FY2022$292K
FY2023$530K
FY2024$7.0M
FY2024$3.8M
Net assets
$18.0M
FY2024▼ -15%
Net assets by fiscal year
FY2020$352K
FY2022$545K
FY2023$21.2M
FY2024$18.0M
FY2024$16.0M

From the FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

You’re viewing the FY2024 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 Sep 2019.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $6.8M Management & general 3% · $215K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See One Vision Charitable Foundation 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 support and carries out the purposes of One Vision.

Provided by the organization

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1 program service account for $6.8M of program spending, described in the organization's own filed words · FY2023.
01

One Vision Charitable Foundation was organized exclusively to benefit One Vision in carrying out the mission of standing with and supporting people with disabilities to support their best life.

$6.8Mprogram 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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$7K
Grants paid · 4 grants · $10.6M · 2020–2024
One VisionIA · FY2024$3,350,000
One VisionIA · FY2023$6,545,000
One VisionIA · FY2022$160,248
One VisionIA · FY2020$500,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Investment incomeLn 3$2.0M
Gifts and grantsLn 1h$312K
Other incomeLn 4–11$85K
Money outPt IX
$7.0M
Ln 25
Programscol B$6.8M
Managementcol C$215K
Owns and owesPt X
$18.0M
net assets · Ln 32
Cash and savingsLn 1–2$711K
Total assetsLn 16$18.3M
LiabilitiesLn 26$248K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$312K
Government grantsLn 1e$9K
Investment incomeLn 3$2.0M
Other incomeLn 4–11$85K
Gains on assetsLn 7$1.5M
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
SavingsLn 2$711K
Cash and savings togetherLn 1–2$711K
InvestmentsLn 11–13$13.2M
Land, buildings, equipmentLn 10c$4.3M
Other assetsLn 15$0
Total assetsLn 16$18.3M
LiabilitiesLn 26$248K
Net assetsLn 32$18.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$587K$711K
InvestmentsLn 11–13$9.4M$13.2M
Land, buildings, equipmentLn 10c$4.6M$4.3M
Total assetsLn 16$21.2M$18.3M
LiabilitiesLn 26$78K$248K
Net assetsLn 32$21.2M$18.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6.5M$6.5M
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$109K$109K
Other fees for servicesLn 11g$222K$187K$35K
Advertising and promotionLn 12$22K$22K
Office expensesLn 13$33K$26K$7K
OccupancyLn 16$8K$7K$1K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$17K$17K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$23K$3K$20K
Total functional expensesLn 25$7.0M$6.8M$215K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $2.4M$7.0M−$4.5M$18.0M 990 PDF
FY2023 $1.1M$530K$546K$21.2M 990 PDF
FY2022 $438K$292K$146K$545K 990 PDF
FY2021 Not on file
FY2020 $622K$631K−$9K$352K 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 $2,443,527 across 7 lines filed
VIII-1e Government grants$8,512
VIII-1f All other contributions, gifts and grants$303,436
VIII-1h Total contributions, gifts and grants$311,948
VIII-3 Investment incomeExcluded from tax $545,037$545,037
VIII-6 Net rental income or lossExcluded from tax $85,444$85,444
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,501,098$1,501,098
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,131,579$2,443,527
Part IX · Statement of functional expenses $6,984,983 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $6,545,000$6,545,000
IX-11c Accounting feesManagement $2,625$2,625
IX-11f Investment management feesManagement $108,539$108,539
IX-11g Other fees for servicesPrograms $186,562 · Management $35,000$221,562
IX-12 Advertising and promotionManagement $22,027$22,027
IX-13 Office expensesPrograms $26,045 · Management $7,319$33,364
IX-16 OccupancyPrograms $7,054 · Management $1,255$8,309
IX-17 TravelPrograms $2,201$2,201
IX-19 Conferences, conventions and meetingsManagement $16,613$16,613
IX-23 InsuranceManagement $1,567$1,567
IX-24 Other expenses (24a–d)Programs $3,130 · Management $20,046$23,176
IX-25 Total functional expensesPrograms $6,769,992 · Management $214,991 · Fundraising $0$6,984,983
Part X · Balance sheet $18,259,854 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $587,017$710,751
X-3 Pledges and grants receivableStart of year $11,117$3,050
X-4 Accounts receivable$1,200
X-9 Prepaid expenses and deferred chargesStart of year $15,029$17,399
X-10c Land, buildings and equipment, netStart of year $4,577,164$4,348,302
X-11 Publicly traded securitiesStart of year $9,445,210$13,179,152
X-15 Other assetsStart of year $6,606,954$0
X-16 Total assetsStart of year $21,242,491$18,259,854
X-17 Accounts payable and accrued expensesStart of year $35,704$29,526
X-19 Deferred revenueStart of year $7,500$166,260
X-25 Other liabilitiesStart of year $34,354$51,958
X-26 Total liabilitiesStart of year $77,558$247,744
X-27 Net assets without donor restrictionsStart of year $21,164,933$18,012,110
X-32 Total net assets or fund balancesStart of year $21,164,933$18,012,110
X-33 Total liabilities and net assetsStart of year $21,242,491$18,259,854
Part XI · Reconciliation of net assets $18,012,110 net assets at year end
XI-1 Total revenue$2,443,527
XI-2 Total expenses$6,984,983
XI-3 Revenue less expenses−$4,541,456
XI-4 Net assets at start of year$21,164,933
XI-5 Net unrealized gains (losses) on investments$1,388,633
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$18,012,110

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

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