Vision 4 Tomorrow INC

Tax-deductible

Carson, CA501(c)(3)Youth DevelopmentEIN 86-3986896Revenue $230K in FY2023

On file with the IRS611 W 231st St, 90745-4617 · Carson, CATax-exempt since Nov 2021Publicly supported — 509(a)(2)

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The purpose of this non-profit is to help build and give back to the community and also to inspire and help educate the youth with different outlooks of life and to provide financial literacy

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$230K
+226% vs prior year
Spent
$209K
To programs
91%
Net assets
$22K
By yearFY2022–FY2023
Revenue
$230K
FY2023▲ +226%
Tap a bar for its year
Revenue by fiscal year
FY2022$71K
FY2023$230K
Net assets
$22K
FY2023▼ -35%
Tap a bar for its year
Net assets by fiscal year
FY2022$34K
FY2023$22K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Nov 2021.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $189K Management & general 9% · $18K Fundraising 1% · $1K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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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

Empowers youth through education, financial literacy, and community building.

Questions for Vision 4 Tomorrow INC

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Provided by the organization

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1 program · $189K · in their own filed words · FY2023
01

Created an opportunity within the community for those who desired to acquire job skills, by hiring those individuals to work at the various events and fundraisers.

$189Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$230K
Ln 12
Gifts and grantsLn 1h$230K
Money outPt IX
$209K
Ln 25
Programscol B$189K
Managementcol C$18K
Fundraisingcol D$1K
Owns and owesPt X
$22K
net assets · Ln 32
Cash and savingsLn 1–2$22K
Total assetsLn 16$22K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$230K
Total revenueLn 12$230K
Assets in detailPt X, end of year
CashLn 1$22K
Cash and savings togetherLn 1–2$22K
Total assetsLn 16$22K
LiabilitiesLn 26$0
Net assetsLn 32$22K
OperationsPt I, VI
EmployeesI 50
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$22K
Total assetsLn 16$0$22K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$22K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$14K$14K
Management feesLn 11a$934$934
Accounting feesLn 11c$478$478
Other fees for servicesLn 11g$161K$161K
Advertising and promotionLn 12$949$949
Office expensesLn 13$3K$3K
OccupancyLn 16$860$860
TravelLn 17$5K$5K
InsuranceLn 23$500$500
Other expenses (24a–d)Ln 24$22K$21K$1K
Total functional expensesLn 25$209K$189K$18K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $230K$209K$22K$22K 990 PDF
FY2022 $71K$34K 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 $230,443 revenue, 12 lines filed
I-8 Contributions and grants$230,443
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$230,443
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$14,427
I-16a Professional fundraising fees$0
I-17 Other expenses$194,233
I-18 Total expenses$208,660
I-19 Revenue less expenses$21,783
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $230,443 across 3 lines filed
VIII-1f All other contributions, gifts and grants$230,443
VIII-1h Total contributions, gifts and grants$230,443
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$230,443
Part IX · Statement of functional expenses $208,660 across 10 lines filed
IX-5 Pay of current officers, directors and key staffManagement $14,427$14,427
IX-11a Management feesPrograms $934$934
IX-11c Accounting feesManagement $478$478
IX-11g Other fees for servicesPrograms $160,600$160,600
IX-12 Advertising and promotionPrograms $949$949
IX-13 Office expensesManagement $3,449$3,449
IX-16 OccupancyPrograms $860$860
IX-17 TravelPrograms $4,504$4,504
IX-23 InsurancePrograms $500$500
IX-24 Other expenses (24a–d)Programs $20,675 · Fundraising $1,284$21,959
IX-25 Total functional expensesPrograms $189,022 · Management $18,354 · Fundraising $1,284$208,660
Part X · Balance sheet $21,783 assets, 6 lines filed
X-1 Cash, non-interest-bearing$21,783
X-16 Total assetsStart of year $0$21,783
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$21,783
X-32 Total net assets or fund balancesStart of year $0$21,783
X-33 Total liabilities and net assetsStart of year $0$21,783
Part XI · Reconciliation of net assets $21,783 net assets at year end
XI-1 Total revenue$230,443
XI-2 Total expenses$208,660
XI-3 Revenue less expenses$21,783
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$21,783

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

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