Civic Intelligence

Envision Inc.

990 • Fiscal year 2018 • EIN 26-1392721

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

610 N Main 4th FloorWichita, KS 67203

(316) 267-2244

Siviq Scores

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

Liabilities / Assets

19th percentile

0.04x

Higher debt load relative to assets than 19% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

64th percentile

0.63x

Higher debt load relative to revenue than 64% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

2nd percentile

-87%

Higher net margin than 2% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

75th percentile

$581,825

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Asset Growth

25th percentile

-2.3%

Faster asset growth than 25% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

86th percentile

37%

Faster revenue growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Assets

Down

$71,458,519

Down $1,689,581 (-2.3%) from 2017

Net Assets

Down

$68,356,927

Down $2,138,745 (-3.0%) from 2017

Liabilities

Up

$3,101,592

Up $449,164 (+17%) from 2017

Revenue

Up

$4,896,167

Up $1,332,578 (+37%) from 2017

Expenses

Up

$9,136,164

Up $1,747,681 (+24%) from 2017

Net Income

Down

-$4,239,997

Down $415,103 (-11%) from 2017

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $22,241,380Liabilities 2010: $2,711,129Net Assets 2010: $19,530,2512010Assets 2011: $27,391,145Liabilities 2011: $2,154,437Net Assets 2011: $25,236,7082011Assets 2012: $26,378,428Liabilities 2012: $2,255,988Net Assets 2012: $24,122,4402012Assets 2013: $37,361,845Liabilities 2013: $2,085,799Net Assets 2013: $35,276,0462013Assets 2014: $49,996,652Liabilities 2014: $5,438,130Net Assets 2014: $44,558,5222014Assets 2015: $59,020,944Liabilities 2015: $1,692,033Net Assets 2015: $57,328,9112015Assets 2016: $63,709,626Liabilities 2016: $1,793,030Net Assets 2016: $61,916,5962016Assets 2017: $73,148,100Liabilities 2017: $2,652,428Net Assets 2017: $70,495,6722017Assets 2018: $71,458,519Liabilities 2018: $3,101,592Net Assets 2018: $68,356,9272018Assets 2020: $90,283,992Liabilities 2020: $21,475,998Net Assets 2020: $68,807,9942020Assets 2021: $113,455,758Liabilities 2021: $31,707,696Net Assets 2021: $81,748,0622021Assets 2022: $105,134,619Liabilities 2022: $30,934,003Net Assets 2022: $74,200,6162022

Highlighted filing

2018

Assets$71,458,519
Liabilities$3,101,592
Net Assets$68,356,927

Operations Trend

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

$15M$10M$5.0M$0-$5.0M-$10MExpenses 2010: $4,338,8892010Expenses 2011: $3,871,6122011Expenses 2012: $5,057,2072012Expenses 2013: $5,463,4852013Revenue 2014: $12,788,590Expenses 2014: $5,137,056Net Income 2014: $7,651,5342014Revenue 2015: $2,487,749Expenses 2015: $5,638,527Net Income 2015: -$3,150,7782015Revenue 2016: $395,869Expenses 2016: $6,510,060Net Income 2016: -$6,114,1912016Revenue 2017: $3,563,589Expenses 2017: $7,388,483Net Income 2017: -$3,824,8942017Revenue 2018: $4,896,167Expenses 2018: $9,136,164Net Income 2018: -$4,239,9972018Revenue 2020: $3,533,944Expenses 2020: $3,792,999Net Income 2020: -$259,0552020Revenue 2021: $1,075,568Expenses 2021: $3,993,338Net Income 2021: -$2,917,7702021Revenue 2022: $8,183,457Expenses 2022: $3,732,593Net Income 2022: $4,450,8642022

Highlighted filing

2018

Revenue$4,896,167
Expenses$9,136,164
Net Income-$4,239,997
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$20,122,412
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
Investments in Publicly Traded Securities$48,641,595$44,229,584▼ $4,412,011
Land, Buildings, and Equipment, Net$12,565,640$14,271,714▲ $1,706,074
Savings and Temporary Cash Investments$6,862,000$9,200,000▲ $2,338,000
Investments Other Securities$2,955,932$3,770,087▲ $814,155
Prepaid Expenses and Deferred Charges$287,867$263,750▼ $24,117
Accounts Receivable$35,395$32,628▼ $2,767
Other Notes and Loans Receivable, Net$0$7,110▲ $7,110
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Cash and Non-Interest-Bearing Accounts$1,799,671$-402,968▼ $2,202,639
Total Assets$73,148,100$71,458,519▼ $1,689,581
Other Assets Total$0$86,614▲ $86,614
Liabilities
Accounts Payable and Accrued Expenses$1,252,428$3,081,492▲ $1,829,064
Other Liabilities$1,400,000$0▼ $1,400,000
Deferred Revenue$0$20,100▲ $20,100
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,652,428$3,101,592▲ $449,164
Net Assets / Fund Balance
Unrestricted Net Assets$70,495,672$68,356,927▼ $2,138,745
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$70,495,672$68,356,927▼ $2,138,745
Total Liabilities and Net Assets / Fund Balance$73,148,100$71,458,519▼ $1,689,581

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,935,498$2,381,372$10,316,870
Equipment$4,330,680$2,214,418$6,545,098
Other Land Buildings$2,005,536$9,586$2,015,122
Other Securities$3,770,087--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael MonteferranteCEO/director/officerPT$325,000$256,825$581,825
Michael MontanaSr. VP, Strategic Business DevFT$177,151$116,558$284,871
Heather HoganSr. VP, Foundation & MissionPT$205,666$57,019$266,390
Mark EatonCFOPT$211,298$39,937$241,871
Nikki FreemanVice President/chroPT$184,173$42,965$225,477
Troy MckissickControllerPT$145,341$14,438$175,937
Tony SitesAssistant ControllerFT$104,940$18,025$122,965

Board Members and Trustees

NameTitle
Sam WilliamsChairman/director
Albert DennyDirector
Bob RingDirector
Carla PowersDirector
Douglas HobbsDirector
George TimberlakeDirector
Greg KlendaDirector
Joseph SullivanDirector
Michael HessDirector
Moji RossonDirector
Skip CoomberDirector
Randy SummersSecretary/director

Highest Paid Contractors

ContractorServicesLocationCompensation
Foulston SiefkinLegal Fees1551 N WATERFRONT PKWY STE 100, Wichita, KS 67206$305,313
Bkd LLPAudit/tax1551 N WATERFRONT PARKWAY SUITE 3, Wichita, KS 67206$241,695
Revenue and Support

Revenue Composition

Contributions and Grants
$1,612,500
Program Service Revenue
$116,134
Investment Income
$2,789,958
Other Revenue
$377,575
Change in Net Assets
$-4,239,997
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,502,993
Other Expenses$2,633,171
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,860,112$153,382-$3,013,494
Current Officers, Directors, Trustees, and Key Employees$574,701$1,229,223-$1,803,924
Depreciation Depletion$1,122,297--$1,122,297
Pension Plan Contributions$960,203$15,809-$976,012
Fees for Services Legal$24,629$601,904-$626,533
Information Technology$520,102$5,028-$525,130
Other Employee Benefits$408,720$1,527-$410,247
All Other Expenses$245,158$164,234-$409,392
Fees for Services Other$175,280$202,757-$378,037
Payroll Taxes$254,720$44,596-$299,316
Office Expenses$99,001$138,158-$237,159
Travel$128,035$105,623-$233,658
Advertising$197,790--$197,790
Fees for Services Accounting-$173,228-$173,228
Other Expenses$164,733$7,654-$164,733
Fees for Service Investment Mgmnt Fees-$127,188-$127,188
Occupancy$126,586$487-$127,073
Insurance$98,618--$98,618
Conferences and Meetings$17,060$57-$17,117
Total Functional Expenses$6,165,309$2,970,855$0$9,136,164
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
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 finance committee of the board of directors for review prior to filing. Any questions or concerns the finance 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 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 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, Line 15A

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. Committee will determine the total compensation package for the ceo. The ceo shall administer the salaries and incentive payments for other excutives under the guidelines of the compensation plan discussed 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 Inc
EIN
26-1392721
In Care Of
% MICHAEL MONTEFERRANTE
Phone
3162672244
Address
610 N MAIN 4TH FLOOR, WICHITA, KS 67203

Signing Officer

Name
Mark Eaton
Title
CFO
Phone
3162672244
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Monteferrante
Formed
2007
Legal Domicile
Ks
Voting Board Members
13
Independent Board Members
12
Employees
55
Volunteers
15

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 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 XI, Line 9

Elimination of intercompany payables 243,628

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.

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IRS990/Form990PartVIISectionAGrp/PersonNm2SAM WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm3RANDY SUMMERS
IRS990/Form990PartVIISectionAGrp/PersonNm4ALBERT DENNY
IRS990/Form990PartVIISectionAGrp/PersonNm5DOUGLAS HOBBS
IRS990/Form990PartVIISectionAGrp/PersonNm6GREG KLENDA
IRS990/Form990PartVIISectionAGrp/PersonNm7BOB RING
IRS990/Form990PartVIISectionAGrp/PersonNm8JOSEPH SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm9GEORGE TIMBERLAKE
IRS990/Form990PartVIISectionAGrp/PersonNm10MOJI ROSSON
IRS990/Form990PartVIISectionAGrp/PersonNm11CARLA POWERS
IRS990/Form990PartVIISectionAGrp/PersonNm12SKIP COOMBER
IRS990/Form990PartVIISectionAGrp/PersonNm13MICHAEL HESS
IRS990/Form990PartVIISectionAGrp/PersonNm14NIKKI FREEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm15HEATHER HOGAN
IRS990/Form990PartVIISectionAGrp/PersonNm16MICHAEL MONTANA
IRS990/Form990PartVIISectionAGrp/PersonNm17TROY MCKISSICK
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO/DIRECTOR/OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE PRESIDENT/CHRO
IRS990/Form990PartVIISectionAGrp/TitleTxt15SR. VP, FOUNDATION & MISSION
IRS990/Form990PartVIISectionAGrp/TitleTxt16SR. VP, STRATEGIC BUSINESS DEV
IRS990/Form990PartVIISectionAGrp/TitleTxt17CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt18ASSISTANT CONTROLLER
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IRS990/Form990TFiledInd0true
IRS990/FormationYr02007
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IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
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IRS990/GainOrLossGrp/SecuritiesAmt01205370
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
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IRS990/GrantsPayableGrp/EOYAmt00
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossReceiptsAmt020122412
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IRS990/IncludeFIN48FootnoteInd0false
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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/Desc0OVERHEAD ALLOCATION
IRS990/OtherExpensesGrp/Desc1EMPLOYEE RECRUIT & RETENTION
IRS990/OtherExpensesGrp/Desc2MARKETING & DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3EDUCATIONAL PROGRAM EXPENSE
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IRS990/OtherExpensesGrp/ProgramServicesAmt0-2199489
IRS990/OtherExpensesGrp/ProgramServicesAmt1121186
IRS990/OtherExpensesGrp/ProgramServicesAmt2265867
IRS990/OtherExpensesGrp/ProgramServicesAmt3164733
IRS990/OtherExpensesGrp/TotalAmt0-2199489
IRS990/OtherExpensesGrp/TotalAmt1121186
IRS990/OtherExpensesGrp/TotalAmt2273521
IRS990/OtherExpensesGrp/TotalAmt3164733
IRS990/OtherLiabilitiesGrp/BOYAmt01400000
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1485000
IRS990/OtherRevenueMiscGrp/Desc0INTERCOMPANY REIMBURSEMENT FOR SERVICES
IRS990/OtherRevenueMiscGrp/Desc1TRANSPORTATION REVENUE
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt123526
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0204000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt123526

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$105$30.9$74.2$8.18$3.73$4.45
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$31.7$81.7$1.08$3.99$2.92
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$90.3$21.5$68.8$3.53$3.79$0.26
2018Detailed filing. Detailed filing data is available for this year.$71.5$3.10$68.4$4.90$9.14$4.24
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$73.1$2.65$70.5$3.56$7.39$3.82
2016Detailed filing. Detailed filing data is available for this year.$63.7$1.79$61.9$0.40$6.51$6.11
2015Detailed filing. Detailed filing data is available for this year.$59.0$1.69$57.3$2.49$5.64$3.15
2014Detailed filing. Detailed filing data is available for this year.$50.0$5.44$44.6$12.8$5.14$7.65
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.4$2.09$35.3$5.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.4$2.26$24.1$5.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.4$2.15$25.2$3.87
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.2$2.71$19.5$4.34