Civic Intelligence

Forsight Vision

990 • Fiscal year 2014 • EIN 23-1365986

Jan 01, 2014 to Dec 31, 2014 • Filed on May 14, 2015

1380 Spahn AvenueYork, PA 17403-5711

(717) 848-1690

Siviq Scores

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

Liabilities / Assets

31st percentile

0.06x

Higher debt load relative to assets than 31% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

62nd percentile

0.33x

Higher debt load relative to revenue than 62% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

16th percentile

-12%

Higher net margin than 16% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

43rd percentile

$104,056

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

21st percentile

-3.5%

Faster asset growth than 21% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

13th percentile

-18%

Faster revenue growth than 13% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Down

$7,489,676

Down $268,290 (-3.5%) from 2013

Net Assets

Down

$7,041,669

Down $230,754 (-3.2%) from 2013

Liabilities

Down

$448,007

Down $37,536 (-7.7%) from 2013

Revenue

Down

$1,368,328

Down $295,671 (-18%) from 2013

Expenses

Up

$1,526,865

Up $185,259 (+14%) from 2013

Net Income

Down

-$158,537

Down $480,930 (-149%) from 2013

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $6,051,575Liabilities 2011: $69,621Net Assets 2011: $5,981,9542011Assets 2012: $6,571,203Liabilities 2012: $179,528Net Assets 2012: $6,391,6752012Assets 2013: $7,757,966Liabilities 2013: $485,543Net Assets 2013: $7,272,4232013Assets 2014: $7,489,676Liabilities 2014: $448,007Net Assets 2014: $7,041,6692014Assets 2015: $6,970,914Liabilities 2015: $474,052Net Assets 2015: $6,496,8622015Assets 2016: $6,529,873Liabilities 2016: $598,244Net Assets 2016: $5,931,6292016

Highlighted filing

2014

Assets$7,489,676
Liabilities$448,007
Net Assets$7,041,669

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $1,016,0982011Expenses 2012: $1,132,6822012Revenue 2013: $1,663,999Expenses 2013: $1,341,606Net Income 2013: $322,3932013Revenue 2014: $1,368,328Expenses 2014: $1,526,865Net Income 2014: -$158,5372014Revenue 2015: $1,140,830Expenses 2015: $1,396,105Net Income 2015: -$255,2752015Revenue 2016: $1,009,878Expenses 2016: $1,667,998Net Income 2016: -$658,1202016

Highlighted filing

2014

Revenue$1,368,328
Expenses$1,526,865
Net Income-$158,537
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 14, 2015
Return Version
2014v5.0
Gross Receipts
$1,368,328
Mission and Program Overview

Mission

Forsight vision serves its community by providing quality, specialized services and opportunities designed to prevent, perpare for, and manage loss of vision.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$6,383,770$6,200,467▼ $183,303
Land, Buildings, and Equipment, Net$913,341$934,580▲ $21,239
Accounts Receivable$121,095$111,623▼ $9,472
Cash and Non-Interest-Bearing Accounts$54,541$99,265▲ $44,724
Pledges and Grants Receivable$37,361$31,807▼ $5,554
Inventories for Sale or Use$29,387$29,645▲ $258
Prepaid Expenses and Deferred Charges$3,232$10,663▲ $7,431
Total Assets$7,757,966$7,489,676▼ $268,290
Other Assets Total$215,239$71,626▼ $143,613
Liabilities
Mortgage Notes Payable Secured by Investment Property$375,963$342,491▼ $33,472
Accounts Payable and Accrued Expenses$82,794$80,720▼ $2,074
Other Liabilities$26,786$24,796▼ $1,990
Total Liabilities$485,543$448,007▼ $37,536
Net Assets / Fund Balance
Unrestricted Net Assets$4,078,089$3,901,271▼ $176,818
Permanently Rstr Net Assets$2,911,225$2,877,828▼ $33,397
Temporarily Rstr Net Assets$283,109$262,570▼ $20,539
Total Net Assets Fund Balance$7,272,423$7,041,669▼ $230,754
Total Liabilities and Net Assets / Fund Balance$7,757,966$7,489,676▼ $268,290

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$787,456$585,416$1,372,872
Equipment$97,124$419,850$516,974
Land$50,000-$50,000
Other Securities$37,418--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William H RhinesmithPresidentFT$95,375$8,681$104,056

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$375,725
Program Service Revenue
$751,095
Investment Income
$241,508
Other Revenue
$0
All Other Contributions
$272,356
Change in Net Assets
$-158,537

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,368,328
Revenue Not Reported on Form 990
$-72,217
Total Revenue per Audited Statements
$1,296,111
Total Revenue per Form 990
$1,368,328
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$978,704
Other Expenses$536,039
Total Fundraising Expense$62,038
Professional Fundraising Fees$12,122
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$571,693$106,337$8,225$686,255
Current Officers, Directors, Trustees, and Key Employees$22,311$73,309$10,625$106,245
Other Employee Benefits$81,946$16,440$4,115$102,501
Payroll Taxes$67,062$15,148$1,493$83,703
Depreciation Depletion$51,082$12,187$1,418$64,687
Occupancy$47,379$9,902$2,116$59,397
Insurance$31,168$7,885$387$39,440
Other Expenses$22,722$2,799$507$26,028
Information Technology$17,965$7,329-$25,294
Fees for Services Other$16,772$2,826$2,777$22,375
Fees for Service Investment Mgmnt Fees-$17,965-$17,965
Office Expenses$10,937$5,584$973$17,494
Travel$12,089$3,568$32$15,689
Fees for Services Accounting-$13,700-$13,700
Interest-$12,577-$12,577
Fees for Services Professional Fundraising--$12,122$12,122
All Other Expenses$5,624$2,175$3,612$11,411
Advertising$1,273$425$3,778$5,476
Conferences and Meetings$881$124$150$1,155
Fees for Services Legal-$420-$420
Total Functional Expenses$1,094,818$370,009$62,038$1,526,865

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,526,865
Total Expenses per Audited Statements$1,526,865
Total Expenses per Form 990$1,526,865
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$12,122
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Gift Annuities$24,796
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 4

Bylaws were changed to include the following: that any action taken by any committee may be taken without a meeting if all members consent in writing to the adoption of the resolution authorizing the action, members of committees may participate in meetings by means of a conference call or similar communications, and adding electronic notices and voting.

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed in detail by the finance committee of the board of directors and summarized with the board prior to submission.

Form 990, Page 6, Part VI, Line 12C

The board of directors will complete an annual disclosure form and follow the policy procedures if it appears a conflict may exist.

Form 990, Page 6, Part VI, Line 15A

The board of directors conducts an evaluation of the president's performance and his compensation is determined based on a combination of performance and similar industry salary trends.

Form 990, Page 6, Part VI, Line 15B

All officers and key employees' compensation are based on a performance score, with any salary adjustments determined by the finance and/or personnel committees.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents and financial statements available to the public at its administrative offices located at 1380 spahn ave., york, pa 17403. The organization's form 990 is also available at www.guidestar.com

Filing and Contact Details

Filer

Filer Name
Forsight Vision
EIN
23-1365986
Phone
7178481690
Address
1380 SPAHN AVENUE, YORK, PA 17403-5711

Signing Officer

Name
William H Rhinesmith
Title
President
Phone
7178481690
Signed
2015-05-14

Organization Details

Principal Officer
William H Rhinesmith
Formed
1932
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
10
Employees
47
Volunteers
3

Preparer

Firm
Smith Elliott Kearns & Company LLC
Address
55 WETZEL DR STE 1, HANOVER, PA 17331
Preparer
Kara M Darlington CPA
Phone
7176375915
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Forsight promotes sight conservation through its preschool screening program. Forsight screened 365 preschool students in 2014. A total of 78 children were referred for follow up examinations by an eye care professional for amblyopia, astigmatism, hyperopia, and myopia. It expanded its low vision service when a current staff member received her master's degree in low vision rehabilitation. Forsight continues to sell aids and appliances through its retail store. Forsight provides evaluation and training in computer technology.

Form 990, Page 12, Part XII, Line 2C

The organization's finance committee is responsible for the oversight of the audit and makes recommendations for the selection of the independent accountant which is approved by the full board of directors.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization follows the fasb accounting standards codification, which provides guidance on accounting for uncertainty in income taxes recognized in an enterprise's financial statements. The guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of december 31, 2014 and 2013, the organization had no uncertain tax positions that require recognition or disclosure in the organization's financial statements. The organization's policy is to recognize interest and penalties on unrecognized tax benefits in income tax expense in the financial statements. No interest and penalties were recorded during the years ended december 31, 2014 and 2013. Generally, the tax years before 2011 are no longer subject to examination by federal, state or local taxing authorities.

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IRS990/MissionDesc0FORSIGHT VISION SERVES ITS COMMUNITY BY PROVIDING QUALITY, SPECIALIZED SERVICES AND OPPORTUNITIES DESIGNED TO PREVENT, PERPARE FOR, AND MANAGE LOSS OF VISION.
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IRS990/ProgSrvcAccomActy3Grp/Desc0FORSIGHT VISION PROMOTES SIGHT CONSERVATION THROUGH EDUCATION AND THE SALE OF LOW VISION PRODUCTS AND CCTV'S.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0FORSIGHT PROMOTES SIGHT CONSERVATION THROUGH ITS PRESCHOOL SCREENING PROGRAM. FORSIGHT SCREENED 365 PRESCHOOL STUDENTS IN 2014. A TOTAL OF 78 CHILDREN WERE REFERRED FOR FOLLOW UP EXAMINATIONS BY AN EYE CARE PROFESSIONAL FOR AMBLYOPIA, ASTIGMATISM, HYPEROPIA, AND MYOPIA. IT EXPANDED ITS LOW VISION SERVICE WHEN A CURRENT STAFF MEMBER RECEIVED HER MASTER'S DEGREE IN LOW VISION REHABILITATION. FORSIGHT CONTINUES TO SELL AIDS AND APPLIANCES THROUGH ITS RETAIL STORE. FORSIGHT PROVIDES EVALUATION AND TRAINING IN COMPUTER TECHNOLOGY.
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IRS990ScheduleD/OtherSecuritiesGrp/Desc2CONTRIBUTIONS REC-THIRD PARTY TRUSTS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FOLLOWS THE FASB ACCOUNTING STANDARDS CODIFICATION, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2014 AND 2013, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEARS ENDED DECEMBER 31, 2014 AND 2013. GENERALLY, THE TAX YEARS BEFORE 2011 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL, STATE OR LOCAL TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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