Civic Intelligence

Envision Foundation Inc.

990 • Fiscal year 2016 • EIN 20-3874095

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 15, 2017

610 N Main 4th FloorWichita, KS 67203

(316) 440-1517

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

9th percentile

0.01x

Higher debt load relative to revenue than 9% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

91st percentile

46%

Higher net margin than 91% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

94th percentile

$487,836

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 27.7% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

82nd percentile

18%

Faster asset growth than 82% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

9th percentile

-36%

Faster revenue growth than 9% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$5,322,696

Up $821,162 (+18%) from 2015

Net Assets

Up

$5,310,399

Up $808,865 (+18%) from 2015

Liabilities

Up

$12,297

Up $12,297 from 2015

Revenue

Down

$1,758,267

Down $986,678 (-36%) from 2015

Expenses

Up

$952,415

Up $67,127 (+7.6%) from 2015

Net Income

Down

$805,852

Down $1,053,805 (-57%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $5,338,844Liabilities 2010: $44,839Net Assets 2010: $5,294,0052010Assets 2011: $9,949,570Liabilities 2011: $74,119Net Assets 2011: $9,875,4512011Assets 2012: $10,679,681Liabilities 2012: $110,076Net Assets 2012: $10,569,6052012Assets 2013: $1,798,598Liabilities 2013: $2,307Net Assets 2013: $1,796,2912013Assets 2014: $1,780,466Liabilities 2014: $266,335Net Assets 2014: $1,514,1312014Assets 2015: $4,501,534Liabilities 2015: $0Net Assets 2015: $4,501,5342015Assets 2016: $5,322,696Liabilities 2016: $12,297Net Assets 2016: $5,310,3992016Assets 2017: $5,303,848Liabilities 2017: $24,712Net Assets 2017: $5,279,1362017Assets 2018: $6,452,911Liabilities 2018: $92,254Net Assets 2018: $6,360,6572018Assets 2019: $7,361,998Liabilities 2019: $162,411Net Assets 2019: $7,199,5872019Assets 2020: $6,399,779Liabilities 2020: $106,389Net Assets 2020: $6,293,3902020Assets 2021: $6,343,252Liabilities 2021: $50,900Net Assets 2021: $6,292,3522021Assets 2022: $6,520,472Liabilities 2022: $85,308Net Assets 2022: $6,435,1642022Assets 2023: $5,797,356Liabilities 2023: $153,773Net Assets 2023: $5,643,5832023

Highlighted filing

2016

Assets$5,322,696
Liabilities$12,297
Net Assets$5,310,399

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $2,637,6342010Expenses 2011: $3,093,2962011Expenses 2012: $1,590,1962012Expenses 2013: $173,9612013Revenue 2014: $1,039,622Expenses 2014: $1,401,782Net Income 2014: -$362,1602014Revenue 2015: $2,744,945Expenses 2015: $885,288Net Income 2015: $1,859,6572015Revenue 2016: $1,758,267Expenses 2016: $952,415Net Income 2016: $805,8522016Revenue 2017: $2,021,185Expenses 2017: $2,052,448Net Income 2017: -$31,2632017Revenue 2018: $3,112,459Expenses 2018: $2,030,938Net Income 2018: $1,081,5212018Revenue 2019: $3,327,589Expenses 2019: $2,488,659Net Income 2019: $838,9302019Revenue 2020: $1,804,940Expenses 2020: $2,711,137Net Income 2020: -$906,1972020Revenue 2021: $2,404,089Expenses 2021: $2,405,127Net Income 2021: -$1,0382021Revenue 2022: $2,113,788Expenses 2022: $834,992Net Income 2022: $1,278,7962022Revenue 2023: $1,970,531Expenses 2023: $1,112,112Net Income 2023: $858,4192023

Highlighted filing

2016

Revenue$1,758,267
Expenses$952,415
Net Income$805,852
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 15, 2017
Return Version
2015v3.0
Gross Receipts
$1,996,970
Mission and Program Overview

Mission

To improve the quality of life and provide inspiration and opportunity for people who are blind and visually impaired through employment, outreach, rehabilitation, education and research.

To improve the quality of life and provide inspiration for the blind and visually impaired through employment, outreach, rehabilitation, education and research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$2,791,581$2,710,785▼ $80,796
Cash and Non-Interest-Bearing Accounts$1,671,206$1,113,920▼ $557,286
Land, Buildings, and Equipment, Net$30,301$34,314▲ $4,013
Prepaid Expenses and Deferred Charges$8,446$0▼ $8,446
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$4,501,534$5,322,696▲ $821,162
Other Assets Total$0$1,463,677▲ $1,463,677
Liabilities
Accounts Payable and Accrued Expenses$0$12,297▲ $12,297
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$12,297▲ $12,297
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,791,581$2,710,785▼ $80,796
Unrestricted Net Assets$1,709,953$2,599,614▲ $889,661
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$4,501,534$5,310,399▲ $808,865
Total Liabilities and Net Assets / Fund Balance$4,501,534$5,322,696▲ $821,162

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,889$50,633$78,522
Other Land Buildings$6,425-$6,425
Other Assets Org$1,463,677--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Jay AllenVP/CFO/treasurerPT$117,755$117,755

Board Members and Trustees

NameTitle
Sam WilliamsBoard Chair/director
Michael MonteferrantePresident/CEO/director
Jon RosellVice-chair/director
Heather HoganVice President/director
Bob MelchorDirector
Casey BoughDirector
Edward FentinDirector
Jack MoffettDirector
Justin LadnerDirector
Krista RappDirector
Margo WatkinsDirector
Melissa GregoryDirector
Robert HinshawDirector
Skip CoomberDirector
Mary CostelloSecretary/director
Revenue and Support

Revenue Composition

Contributions and Grants
$1,859,029
Program Service Revenue
$50,546
Investment Income
$0
Other Revenue
$-151,308
All Other Contributions
$1,500,421
Change in Net Assets
$805,852

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,996,970
Revenue Not Reported on Financial Statements
$-238,703
Revenue Not Reported on Form 990
$120,500
Other Revenue Adjustments
$-238,703
Total Revenue per Audited Statements
$2,117,470
Total Revenue per Form 990
$1,758,267
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$576,760
Total Fundraising Expense$359,142
Grants and Similar Amounts Paid$255,558
Professional Fundraising Fees$120,097
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$255,558--$255,558
Fees for Services Professional Fundraising--$120,097$120,097
All Other Expenses--$37,798$37,798
Depreciation Depletion-$14,118-$14,118
Other Expenses$318,629-$11,772$11,772
Office Expenses-$726$3,013$3,739
Travel--$2,578$2,578
Occupancy-$2,500-$2,500
Fees for Services Legal-$1,742-$1,742
Total Functional Expenses$574,187$19,086$359,142$952,415

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,311,618
Expenses per Audited Statements$952,415
Total Expenses per Form 990$952,415
Expenses Not Reported on Form 990$359,203
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Envision IncWichita, KS501(c)(3)Funding$250,504
Envision Vision Rehabilitation Center IncWichita, KS501(c)(3)Funding$5,054
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$238,703
Professional Fundraising Fees$120,097
Fundraising Gross Income$87,395

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Event$319,740$67,634$163,547$-95,913
Golf Tournament$124,045$17,543$23,556$-6,013
Total Events$446,003$87,395$238,703$-151,308
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Michael monteferrante, sam williams, jon rosell, heather hogan, casey bough and jay allen have business relationships.

Form 990, Part VI, Section A, Line 6

Envision, inc. (envision), a kansas nonprofit corporation, is the sole member of envision foundation, inc. (envision foundation).

Form 990, Part VI, Section A, Line 7A

The governing body of envision foundation is able to nominate new members to its governing body. Envision, being the sole member of the envision foundation, retains the right to approve such new members of the governing body of envision foundation.

Form 990, Part VI, Section A, Line 7B

Envision is the sole member and has the authority to approve the articles of incorporation, bylaws, election to or removal from the board of directors, the annual operating and capital budgets, and the long range or strategic plan.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared and reviewed by an independent accounting firm. A draft of form 990 is then provided to the audit committee of the board of directors for review prior to filing. Any questions or concerns the audit committee has are addressed and any corrections or clarifications are made, if needed. The final form 990 with all required schedules is then provided to all voting members of the board prior to filing the 990 with the irs.

Form 990, Part VI, Section B, Line 12C

At the time of the hire (or election in the case of corporate directors and trustees) and annually thereafter, the ceo or his/her designee shall provide to the board and to all executive officers, administrative staff, associates and volunteers a copy of the conflict of interest policy and the applicable conflict of interest disclosure form and questionnaire, which shall be completed to identify any relationships, positions or circumstances with respect to which it is believed a conflict may arise. Such annual monitoring and review procedures shall be part of the corporate compliance plan. An appropriate report shall be submitted to the audit committee concerning any interest so disclosed. Each member of the board of directors and all management associates shall disclose fully and frankly any and all actual or potential conflicts of duality of interest or responsibility, whether individual, personal, or business, which may exist or appear as to envision foundation or any system entity or any matter or business which may come before the board (including its committees). The disclosing individual shall neither vote nor endeavor to influence corporate action in any such matter. Upon request of the subject board, the affected individual shall leave the boardroom while the matter is discussed and a vote, if any, shall be recorded in the minutes of the board or its committee.

Form 990, Part VI, Section B, Lines 15A & B

Jay allen, michael monteferrante, and heather hogan all served as officers of envision foundation but are compensated by envision, inc. Envision, inc. Uses the following for determining executive and officer compensation: 1. Base salaries - will be positioned so that midpoints target the 25th percentile. Executive salaries will be administered within ranges built around the 25th percentile and based on performance, experience, tenure and other relevant factors. 2. Incentives - will be positioned to provide total cash compensation at the 25th percentile of the peer group for on-plan performance. 3. Benefits - will be positioned at market competitive levels, approximating the 60th to 75th percentile of the peer group. 4. Total compensation - will be positioned at approximately the 25th percentile for on-plan performance with target incentive awards, and approximately the 30th to 50th percentile with outstanding performance with maximum incentive awards. The envision board of directors approves the ceo compensation package upon recommendation of the compensation committee. The ceo shall administer the salaries and incentive payments to other executives under the guidelines of the compensation plan described above. The last compensation review was conducted in 2015.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are made available to the public upon request in writing or in person at the corporate office.

Filing and Contact Details

Filer

Filer Name
Envision Foundation Inc
EIN
20-3874095
In Care Of
% MICHAEL MONTEFERRANTE
Phone
3164401517
Address
610 N MAIN 4TH FLOOR, WICHITA, KS 67203

Signing Officer

Name
Mark Eaton
Title
CFO
Phone
3164401517
Signed
2017-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Monteferrante
Formed
2005
Legal Domicile
Ks
Voting Board Members
15
Independent Board Members
13
Employees
0
Volunteers
335

Preparer

Firm
Bkd Llp
Address
1551 N WATERFRONT PKWY STE 300, WICHITA, KS 67206-6601
Preparer
Steven L Webb
Phone
3162652811
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

Envision kids club support groups: monthly support groups address the needs of youths and teens with visual impairments. Kids club is a collaborative effort between envision and the women of the delta gamma fraternity at wichita state university. Kids club helps our visually impaired youths with social and emotional development, educational instruction in improving skills, and new technology and accessing vision rehabilitation services. Participation in kids club empowers youth experiencing vision loss to bond and build peer support through interacting with other children with vision loss. This empowerment and support network has shown direct benefits in helping cope with vision loss and integrating with their non-disabled peers. Monthly activities let kids be kids without the stigma of a visual impairment, while also allowing envision staff to monitor the progress and needs of each individual child. Ecdc: serving visually impaired and typically developing children in an integrated setting, the goal of the envision child development center is to provide comprehensive early intervention services for children birth through age five. A state-of-the-art childcare facility and preschool, the envision child development center offers a quality education with the goal of maximizing each child's potential. The envision child development center is supported by licensed and certified professionals with expertise in physical and occupational therapies, and orientation and mobility (o&m) and braille. All teachers meet or exceed the requirements set forth by the kansas department of health and environment bureau of child care and health facilities. Eyes 4 others program: eyes 4 others is a unique program bringing regularly sighted and visually impaired children together through the love of reading. Listening or following along to books read aloud by their peers is a special experience for visually impaired children and improves literacy, but the program also benefits the sighted children. In addition to learning tolerance and acceptance of those with disabilities, sighted children experience enhanced reading abilities, empowerment and discipline as they set goals and prepare their reading schedules and altruism as they learn how it feels to give back. Evrc: envision vision rehabilitation center offers comprehensive, state-of-the-art services in one convenient location. Licensed and certified specialists work directly with individuals and their families, building independence and inspiring hope, regardless of their ability to pay. Envision vision rehabilitation center is a clinic with one goal; to help our patients realize their best possible functional vision. We achieve this by combining a comprehensive vision rehabilitation program with adaptive aids, training and resources. We offer a wide variety of vision rehabilitation services and resources to help people who are blind or low vision become more independent. Safely navigating the streets, cooking a meal and handling finances are just some of the daily challenges with which individuals with vision impairments struggle. Music program: music has the power to reach everyone regardless of disability. Research indicates that children with visual impairments often excel at rhythmic work, musical patterns and musical play which can be a valuable tool in assisting other areas of development such as behavior; movement and mobility; language; memory and concept development; mathematics and logic; literacy; and social interaction. The opportunity to experience music is essential in the early years. In fact, according to "music education: not just a frill" by the national organization of parents of blind children, the education consequences of weak musical fundamentals for a visually impaired child can be as devastating as the inability to read or write. The envision music program is a collaborative effort involving community volunteers and music professionals. Preschool through high school childr

Form 990, Part V, Line 2A

The organization uses a common paymaster (envision, inc.) for payroll reporting. Consequently, no form w-3 was filed by the organization for 2015 even though it had employees at year-end.

Form 990, Part XI, Line 9

Forgiveness of related parties payables 3,013

Financial Statement Notes

Schedule D, Part X, Line 2

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part XI, Line 4B

Special event expense (238,703)

Schedule D, Part XII, Line 2D

Special event expense 238,703

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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IRS990/OtherExpensesGrp/Desc1CAPITAL CAMPAIGN EXPENSE
IRS990/OtherExpensesGrp/Desc2UNCOLLECTIBLE PLEDGES
IRS990/OtherExpensesGrp/Desc3DONOR EVENTS
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IRS990/OtherExpensesGrp/FundraisingAmt167529
IRS990/OtherExpensesGrp/FundraisingAmt211772
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IRS990/OtherExpensesGrp/TotalAmt1116355
IRS990/OtherExpensesGrp/TotalAmt267529
IRS990/OtherExpensesGrp/TotalAmt311772
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01040745
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0581983
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02285047
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$5.80$0.15$5.64$1.97$1.11$0.86
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.52$0.09$6.44$2.11$0.83$1.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.34$0.05$6.29$2.40$2.41$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.40$0.11$6.29$1.80$2.71$0.91
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.36$0.16$7.20$3.33$2.49$0.84
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.45$0.09$6.36$3.11$2.03$1.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.30$0.02$5.28$2.02$2.05$0.03
2016Detailed filing. Detailed filing data is available for this year.$5.32$0.01$5.31$1.76$0.95$0.81
2015Detailed filing. Detailed filing data is available for this year.$4.50$0.00$4.50$2.74$0.89$1.86
2014Detailed filing. Detailed filing data is available for this year.$1.78$0.27$1.51$1.04$1.40$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$0.00$1.80$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$0.11$10.6$1.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.95$0.07$9.88$3.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.34$0.04$5.29$2.64