Civic Intelligence

Envision Foundation Inc.

990 • Fiscal year 2019 • EIN 20-3874095

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 15, 2019

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

24th percentile

0.02x

Higher debt load relative to assets than 24% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

24th percentile

0.05x

Higher debt load relative to revenue than 24% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

81st percentile

25%

Higher net margin than 81% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

96th percentile

$660,714

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 19.9% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

75th percentile

14%

Faster asset growth than 75% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

58th percentile

6.9%

Faster revenue growth than 58% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$7,361,998

Up $909,087 (+14%) from 2018

Net Assets

Up

$7,199,587

Up $838,930 (+13%) from 2018

Liabilities

Up

$162,411

Up $70,157 (+76%) from 2018

Revenue

Up

$3,327,589

Up $215,130 (+6.9%) from 2018

Expenses

Up

$2,488,659

Up $457,721 (+23%) from 2018

Net Income

Down

$838,930

Down $242,591 (-22%) from 2018

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

2019

Assets$7,361,998
Liabilities$162,411
Net Assets$7,199,587

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

2019

Revenue$3,327,589
Expenses$2,488,659
Net Income$838,930
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$3,505,032
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.

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,476,595$3,961,564▼ $515,031
Pledges and Grants Receivable$1,944,816$2,375,715▲ $430,899
Land, Buildings, and Equipment, Net$31,500$27,104▼ $4,396
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
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$6,452,911$7,361,998▲ $909,087
Other Assets Total$0$997,615▲ $997,615
Liabilities
Accounts Payable and Accrued Expenses$92,254$162,411▲ $70,157
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$92,254$162,411▲ $70,157
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,649,037$4,422,857▲ $773,820
Unrestricted Net Assets$2,711,620$2,776,730▲ $65,110
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$6,360,657$7,199,587▲ $838,930
Total Liabilities and Net Assets / Fund Balance$6,452,911$7,361,998▲ $909,087

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$27,104$78,698$105,802
Other Assets Org$997,615--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sam WilliamsBoard Chair/director
Michael MonteferrantePresident/CEO/director
Heather HoganSr. Vice President
Carla PowersDirector
Douglas HobbsDirector
Moji RossonDirector
Mark EatonCFO
Nikki FreemanVP/chro/officer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,456,447
Program Service Revenue
$11,945
Investment Income
$0
Other Revenue
$-140,803
All Other Contributions
$3,073,032
Change in Net Assets
$838,930

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,468,392
Revenue Not Reported on Financial Statements
$-140,803
Revenue Not Reported on Form 990
$177,094
Other Revenue Adjustments
$-140,803
Total Revenue per Audited Statements
$3,645,486
Total Revenue per Form 990
$3,327,589
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,293,415
Other Expenses$691,691
Total Fundraising Expense$570,790
Salaries, Compensation, and Employee Benefits$391,691
Professional Fundraising Fees$111,862

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,293,415--$1,293,415
Other Salaries and Wages-$40,680$235,854$276,534
Fees for Services Professional Fundraising--$111,862$111,862
Other Employee Benefits-$9,219$53,451$62,670
Payroll Taxes-$4,610$26,726$31,336
Pension Plan Contributions-$3,111$18,040$21,151
Travel--$12,859$12,859
Other Expenses$560,583-$12,035$12,035
Office Expenses--$11,544$11,544
All Other Expenses-$298$10,936$11,234
Depreciation Depletion-$4,394-$4,394
Occupancy-$1,559-$1,559
Total Functional Expenses$1,853,998$63,871$570,790$2,488,659

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,806,556
Expenses per Audited Statements$2,488,659
Total Expenses per Form 990$2,488,659
Expenses Not Reported on Form 990$317,897
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Envision IncWichita, KS501(c)(3)Funding$1,293,415
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$177,443
Professional Fundraising Fees$111,862
Fundraising Gross Income$36,640
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Event$319,977$23,145$53,450$-30,305
Golf Tournament$100,078$13,495$16,986$-3,491
Total Events$420,055$36,640$177,443$-140,803
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 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

Mark eaton, nikki freeman, and michael monteferrante 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 2016 by sullivan cotter and associates.

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
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Monteferrante
Formed
2005
Legal Domicile
Ks
Voting Board Members
5
Independent Board Members
4
Employees
22
Volunteers
400

Preparer

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

Additional Explanations

Form 990, Part I, Line 1

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.

Form 990, Part III, Line 4A

Envision kids club support groups: monthly support groups address the needs of youths & teens with visual impairments. Kids club is a collaborative effort between envision & the women of the delta gamma fraternity at wichita state university. Kids club helps our visually impaired youths with social & emotional development, educational instruction in improving skills, & new technology & accessing vision rehabilitation services. Participation in kids club empowers youth experiencing vision loss to bond & build peer support through interacting with other children with vision loss. This empowerment & support network has shown direct benefits in helping cope with vision loss & 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 & needs of each individual child. Ecdc: serving visually impaired & 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 & 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 & certified professionals with expertise in physical & occupational therapies, & orientation & mobility (o&m) & braille. All teachers meet or exceed the requirements set forth by the kansas department of health & environment bureau of child care & health facilities. Eyes 4 others program: eyes 4 others is a unique program bringing regularly sighted & 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 & improves literacy, but the program also benefits the sighted children. In addition to learning tolerance & acceptance of those with disabilities, sighted children experience enhanced reading abilities, empowerment & discipline as they set goals & prepare their reading schedules & 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 & certified specialists work directly with individuals & their families, building independence & 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 & resources. We offer a wide variety of vision rehabilitation services & resources to help people who are blind or low vision become more independent. Safely navigating the streets, cooking a meal & 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 & musical play which can be a valuable tool in assisting other areas of development such as behavior; movement & mobility; language; memory & concept development; mathematics & logic; literacy; & 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 & music professionals. Preschool through high school children gain music awareness at their own rate &/or as a child's instruction

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 2018 even though it had employees at year-end. Form 990 part vi, section a, line 2 per the irs instructions, certain business relationship between the organization's current officers, directors, trustees, or key employees, as reported in part vii, section a, must be disclosed. Because of the interrelated nature of the filing organization with its related entities (as disclosed on schedule r), all of the officers and directors with overlapping responsibilities have business relationships with each other. Form 990, part vi, section a, line 6 envision, inc. (envision), a kansas nonprofit corporation, is the sole member of envision foundation, inc. Form 990, part vi, section a, line 7a the governing body of envision foundation, inc. Is able to nominate new members to its governing body. Envision, being the sole member of envision foundation, inc., retains the right to approve such new members of the governing body of envision foundation, inc. 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.

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 (140,803)

Schedule D, Part XII, Line 2D

Special event expense 140,803

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IRS990/Form990PartVIISectionAGrp/PersonNm5NIKKI FREEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6MARK EATON
IRS990/Form990PartVIISectionAGrp/PersonNm7HEATHER HOGAN
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IRS990/Form990PartVIISectionAGrp/TitleTxt7SR. VICE PRESIDENT
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IRS990/MissionDesc0TO 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.
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IRS990/OtherExpensesGrp/Desc0DIRECT PROGRAM EXPENSE
IRS990/OtherExpensesGrp/Desc1UNCOLLECTIBLE PLEDGES
IRS990/OtherExpensesGrp/Desc2SOFTWARE EXPENSE
IRS990/OtherExpensesGrp/Desc3DONOR EVENTS
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IRS990/OtherExpensesGrp/FundraisingAmt117123
IRS990/OtherExpensesGrp/FundraisingAmt212035
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IRS990/OtherExpensesGrp/TotalAmt160360
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IRS990/PayrollTaxesGrp/FundraisingAmt026726
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04610
IRS990/PayrollTaxesGrp/TotalAmt031336
IRS990/PensionPlanContributionsGrp/FundraisingAmt018040
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03111
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IRS990/PrincipalOfficerNm0MICHAEL MONTEFERRANTE
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011945
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION PROVIDES FUNDING FOR A NUMBER OF PROGRAMS AND SERVICES THAT BENEFIT BLIND AND LOW VISION INDIVIDUALS. THESE INCLUDE: HEATHER'S CAMP, AT CAMP, VARIOUS ART PROGRAMS, A MUSIC PROGRAM, EYES 4 OTHERS AND VARIOUS SUPPORT GROUP ACTIVITIES FOR ADULTS, SENIORS, TEENS AND PRE-TEENS.
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IRS990ScheduleD/RevenueNotReportedAmt0177094
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT 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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSE (140,803)
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSE 140,803
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART X, LINE 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PART XII, LINE 2D
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IRS990ScheduleD/TotalRevenuePerForm990Amt03327589
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2019Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $5M-$10M nonprofits