Vision-Aid Incorporated

“Clerk vice president spouses”

“On january 30, 2025, the organization discovered that a fraudulent email led to an unauthorized wire transfer of 92,738 on january 27, 2025. A police report (case no. 25-001201) was filed, and multiple banks are conducting ongoing investigations. The funds in question have been secured and bank of america (boa) is investigating the matter further. Approximately 83,950, the bulk of the stolen funds, remains frozen and secured at boa, pending a warrant from law enforcement to return the funds. The local police department has escalated the matter to the ma attorney general's office in order to recover the funds. The organization has put additional safeguards in place to prevent future similar fraud attempts. Because recovery of the funds cannot be reasonably estimated at this time, the organization has recorded the full loss of 92,738 in the accompanying financial statements for the year ended june 30, 2025, in accordance with asc 450. The organization will continue to monitor the situation and will recognize any recoveries in the period in which they are realized or realizable. For financial reporting purposes, realized or realizable means that the organization has either received the recovered funds or has obtained the right to receive funds that are readily convertible to cash. Law enforcement efforts to recover the funds are in progress.”

“The form 990 presented to the board for discussion and review.”

“Vision-aid maintains a conflict of interest policy. The policy is circulated to all officers and directors during the annual election of the officers and board of directors. All parties are asked to review the policy and disclose any conflicts so that the board can discuss and decide possible conflicts. The member with a conflict is asked to abstain from voting on any decisions related to the conflict to preserve the integrity of the process.”

“Governing documents are available upon request.”

“The goal of this program is to help improve the quality of stem education in blind schools so that visually impaired students can pursue higher education and career opportunities in the stem field. The vision-aid resource center at agra at the lui braille blind school brings to the residents a range of capabilities opening the digital world. Includes new computers and software. This goal of this project is to identify and screen children with visual impairment in the district of agra, and multiple disabilities so that appropriate support and interventions can be offered to them. The vision-aid resource center at the aravind eye hospital in tamil nadu, india, provides low vision screening devices and training to visually impaired infants, children and adults. The center also provides rehabilitation services including digital and mobile training and orientation and mobility training.”