Civic Intelligence

Envision Inc.

990 • Fiscal year 2020 • EIN 26-1392721

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 15, 2020

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

46th percentile

0.24x

Higher debt load relative to assets than 46% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

95th percentile

6.08x

Higher debt load relative to revenue than 95% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

19th percentile

-7.3%

Higher net margin than 19% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

79th percentile

$660,306

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 18.7% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

45th percentile

4.5%

Faster asset growth than 45% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

61st percentile

6.5%

Faster revenue growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Assets

Up

$90,283,992

Up $18,825,473 (+26%) from 2018

Net Assets

Up

$68,807,994

Up $451,067 (+0.7%) from 2018

Liabilities

Up

$21,475,998

Up $18,374,406 (+592%) from 2018

Revenue

Down

$3,533,944

Down $1,362,223 (-28%) from 2018

Expenses

Down

$3,792,999

Down $5,343,165 (-58%) from 2018

Net Income

Up

-$259,055

Up $3,980,942 (+94%) from 2018

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

2020

Assets$90,283,992
Liabilities$21,475,998
Net Assets$68,807,994

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

2020

Revenue$3,533,944
Expenses$3,792,999
Net Income-$259,055
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 15, 2020
Return Version
2019v5.1
Gross Receipts
$76,573,557
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$57,546,321$58,123,433▲ $577,112
Land, Buildings, and Equipment, Net$15,160,119$15,869,297▲ $709,178
Savings and Temporary Cash Investments$9,599,000$10,267,000▲ $668,000
Investments Other Securities$4,139,643$6,361,497▲ $2,221,854
Prepaid Expenses and Deferred Charges$358,832$445,011▲ $86,179
Accounts Receivable$26,719$17,816▼ $8,903
Other Notes and Loans Receivable, Net$0$0→ $0
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→ $0
Cash and Non-Interest-Bearing Accounts$-420,030$-800,062▼ $380,032
Total Assets$86,410,604$90,283,992▲ $3,873,388
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$14,281,068$18,788,194▲ $4,507,126
Accounts Payable and Accrued Expenses$2,406,949$2,687,164▲ $280,215
Deferred Revenue$16,750$640▼ $16,110
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$16,704,767$21,475,998▲ $4,771,231
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$69,705,837$68,807,994▼ $897,843
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$69,705,837$68,807,994▼ $897,843
Total Liabilities and Net Assets / Fund Balance$86,410,604$90,283,992▲ $3,873,388

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,929,370$3,041,108$12,970,478
Equipment$4,728,346$4,677,092$9,405,438
Other Land Buildings$1,211,581-$1,211,581
Other Securities$6,361,497--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael MonteferranteCEO/director/officerPT$325,000$335,306$660,306
Mark EatonCFO/officer/treasurerPT$236,531$99,353$335,884
Nikki FreemanVP/chro/officerPT$166,624$91,981$258,605
Troy MckissickControllerPT$163,113$49,855$212,968
Anthony SitesAssistant ControllerPT$106,901$24,054$130,955
Carrie PerrySr. Director of HrFT$102,650$23,660$126,310

Board Members and Trustees

NameTitle
Sam WilliamsChairman/director
Greg KlendaVice Chair/director
Albert DennyDirector
Bob RingDirector
Carla PowersDirector
Jeff MacdowellDirector
Jeff RonenDirector
Joseph SullivanDirector
Linda LamDirector
Moji RossonDirector
Randy SummersSecretary/director

Highest Paid Contractors

ContractorServicesLocationCompensation
Bkd LLPAudit/tax1551 N WATERFRONT PARKWAY SUITE 3, Wichita, KS 67206$261,746
Ronald Alan SchuchardConsulting Services610 N MAIN, Wichita, KS 67203$123,625
Revenue and Support

Revenue Composition

Contributions and Grants
$1,654,416
Program Service Revenue
$1,114,375
Investment Income
$571,638
Other Revenue
$193,515
Change in Net Assets
$-259,055
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,722,671
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0
Other Expenses$-2,929,672

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,507,955$1,706,308-$3,214,263
Pension Plan Contributions$1,620,613$49,328-$1,669,941
Depreciation Depletion$340,668$1,301,294-$1,641,962
Information Technology$302,954$1,003,033-$1,305,987
Current Officers, Directors, Trustees, and Key Employees-$1,142,305-$1,142,305
Fees for Services Other$600,484$90,139$0$690,623
All Other Expenses$566,254$26,188-$592,442
Other Employee Benefits$226,714$212,107-$438,821
Occupancy$331,444$93,186-$424,630
Fees for Services Legal$128,060$264,801-$392,861
Payroll Taxes$79,931$177,410-$257,341
Fees for Service Investment Mgmnt Fees-$251,581-$251,581
Office Expenses$179,832$52,301-$232,133
Advertising$216,907$100-$217,007
Travel$90,909$85,257-$176,166
Insurance$93,826$12,843-$106,669
Other Expenses$37,481$31,802$0$69,283
Conferences and Meetings$7,621$47,703-$55,324
Total Functional Expenses$6,432,722$-2,639,723$0$3,792,999
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Payables$18,788,194
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 35% controlled entity
No
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
2020-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Monteferrante
Formed
2007
Legal Domicile
Ks
Voting Board Members
12
Independent Board Members
11
Employees
54
Volunteers
15

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 IX Line 11G

Description:consulting services total fees:335685

Form 990 Part IX Line 11G

Description:contract services total fees:296232

Form 990 Part IX Line 11G

Description:processing fees total fees:58706

Form 990 Part IX Line 24 - Other Expenses

Description:meals & entertainment total expenses:80619 program services:69202 management and general:11417 fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:eri fellows expenses total expenses:381582 program services:381582 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:all other expenses total expenses:130241 program services:115470 management and general:14771 fundraising:

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/Desc0ENVISION, INC. IS A SUPPORTING ORGANIZATION TO FIVE OTHER AFFILIATE 501(C)(3) CORPORATIONS: ENVISION INDUSTRIES, INC., ENVISION XPRESS, INC., ENVISION VISION REHABILITATION CENTER, INC., ENVISION DALLAS LIGHTHOUSE FOUNDATION AND ENVISION FOUNDATION, INC. ENVISION, INC. PROVIDES MANAGEMENT AND OPERATIONAL SUPPORT SERVICES TO THESE ENTITIES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2VP/CHRO/OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt4ASSISTANT CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SR. DIRECTOR OF HR
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIRMAN/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE CHAIR/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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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/OtherRevenueMiscGrp/BusinessCd0485000
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IRS990/OtherRevenueMiscGrp/Desc1All Other Misc Revenue
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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
2020Detailed filing. Detailed filing data is available for this year.$90.3$21.5$68.8$3.53$3.79$0.26
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$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