Civic Intelligence

Vision 21 Concepts Inc.

990 • Fiscal year 2022 • EIN 36-4579342

Jan 01, 2022 to Dec 31, 2022 • Filed on May 12, 2023

PO Box 845Hiram, GA 30141

(678) 324-7950

Siviq Scores

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

Liabilities / Assets

35th percentile

0.00x

Higher debt load relative to assets than 35% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

35th percentile

0.00x

Higher debt load relative to revenue than 35% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

13th percentile

-25%

Higher net margin than 13% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

21st percentile

-10%

Faster asset growth than 21% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

4th percentile

-68%

Faster revenue growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$516,508

Down $58,783 (-10%) from 2021

Net Assets

Down

$515,858

Down $29,618 (-5.4%) from 2021

Liabilities

Down

$650

Down $29,165 (-98%) from 2021

Revenue

Down

$265,101

Down $554,826 (-68%) from 2021

Expenses

Down

$330,808

Down $489,527 (-60%) from 2021

Net Income

Down

-$65,707

Down $65,299 (-16005%) from 2021

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2020: $586,468Liabilities 2020: $30,266Net Assets 2020: $556,2022020Assets 2021: $575,291Liabilities 2021: $29,815Net Assets 2021: $545,4762021Assets 2022: $516,508Liabilities 2022: $650Net Assets 2022: $515,8582022Assets 2023: $519,730Liabilities 2023: $1,984Net Assets 2023: $517,7462023Assets 2024: $506,742Liabilities 2024: $4,353Net Assets 2024: $502,3892024

Highlighted filing

2022

Assets$516,508
Liabilities$650
Net Assets$515,858

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2020: $260,922Expenses 2020: $223,461Net Income 2020: $37,4612020Revenue 2021: $819,927Expenses 2021: $820,335Net Income 2021: -$4082021Revenue 2022: $265,101Expenses 2022: $330,808Net Income 2022: -$65,7072022Revenue 2023: $242,411Expenses 2023: $244,147Net Income 2023: -$1,7362023Revenue 2024: $180,449Expenses 2024: $192,745Net Income 2024: -$12,2962024

Highlighted filing

2022

Revenue$265,101
Expenses$330,808
Net Income-$65,707
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 12, 2023
Return Version
2022v5.0
Gross Receipts
$265,101
Mission and Program Overview

Mission

The organizations mission is to enable at risk youth economically disadvantaged individuals and families persons with disabilities ex offenders and the homeless community to strive academically and towards self sufficiency. Our vision is to empower communities and populations to restore families and improve their overall quality of life.

STATEMENT #1

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$268,183$268,183→ $0
Cash and Non-Interest-Bearing Accounts$302,228$243,463▼ $58,765
Accounts Receivable$4,880$4,862▼ $18
Savings and Temporary Cash Investments$0$0→ $0
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 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$575,291$516,508▼ $58,783
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$29,815$650▼ $29,165
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$29,815$650▼ $29,165
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$545,476$515,858▼ $29,618
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$545,476$515,858▼ $29,618
Total Liabilities and Net Assets / Fund Balance$575,291$516,508▼ $58,783

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$268,183$83$268,100
Other Land Buildings$0$0$0
Land$0-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Edwin FordChairman
Steven BullochPresident
Timothy PoundsVice President
Faye LattimoreSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$81,000
Program Service Revenue
$158,596
Investment Income
$0
Other Revenue
$25,505
All Other Contributions
$12,000
Change in Net Assets
$-65,707
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$296,233
Salaries, Compensation, and Employee Benefits$34,575
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$142,191$0$0$142,191
Other Expenses$41,950$0$0$41,950
Other Salaries and Wages$34,157$0$0$34,157
Office Expenses$0$14,163$0$14,163
Insurance$0$11,481$0$11,481
Advertising$0$3,325$0$3,325
Information Technology$0$2,225$0$2,225
Fees for Services Other$1,140$0$0$1,140
Travel$0$575$0$575
Payroll Taxes$418$0$0$418
Total Functional Expenses$249,132$81,676$0$330,808
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 12C

Vision 21 Concepts Board regularly and consistently monitors and enforces compliance with the conflict of interests policy. specifically directors officers employees and agent influenced or perceived conflict between their personal interests and the interest of the corporation and situations where their actions as directors officers employees and agents influenced or perceived influenced by their personal interests. In general a conflict of interest exists for directors who use their position with the corporation to benefit themselves associates friends or families. Full disclosure enables directors to resolve unclear situations and gives an opportunity to dispose of conflicting interests before any difficult arises.

Part VI, Line 1A

| Explanation:| There are no material difference in voting rights among members of the governing body and the governing body did not delegate board authority to an executive committee or similar committee.

Part VI, Line 11B

| Explanation:| The Board will have a special meeting when the 990 Form is complete. The 990 Form will be reviewed. Changes made when necessary and approved for filing.

Part VI, Line 19

| Explanation:| Vision Concepts Inc governing documents conflict of interests policy and financial statements are made available to the public during the tax year upon request.

Part VI, Line 8

| Explanation:| Vision 21 Concepts Inc documents and keeps records of each and every board meeting. They state what the Board has accomplished as well as holding members accountable for their discussions. It details the board's actions decisions and key deliberations in connection with the agenda in narrative form concerning the governing body and each committee with authority to act on behalf of the governing body.

Part VII, Line 1A

| Explanation:| Record #1 Provides organization strategic direction Record #2 ensuring the Board has approved policies to help ensure sound and compliant governance and management of the organization Record #3 Supports the causes the organization has adopted with the bulk of revenue generated invested back into such causes. also is responsible for financial and operational successes. Record #4 Ensuring meetings are effectively organized and documented liaising with the Chair to plan meetings. Maintaining effective records and administrative upholding legal requirements communications and correspondence.

Part VI, Line 12C

| Explanation:| Vision 21 Concepts Inc Board regularly and consistently monitors and enforces compliance with the conflict of interests policy. Specifically directors officers employees and agent influenced or perceived conflict between their personal interests and the interest of the corporation and situations where their actions as directors officers employees and agents influenced or perceived influenced by their personal interests. In general a conflict of interests exists for directors who use their position with the corporation to benefit themselves associates friends or families. Full disclosure enables directors to resolve unclear situations and gives an opportunity to dispose of conflicting interests before any difficulty arises.

Filing and Contact Details

Filer

Filer Name
Vision 21 Concepts Inc
EIN
36-4579342
In Care Of
% EDWIN FORD
Phone
6783247950
Address
PO BOX 845, HIRAM, GA 30141

Signing Officer

Name
Edwin E Ford
Title
CEO
Signed
2023-05-12
Discuss with paid preparer
No

Organization Details

Principal Officer
Edwin Ford
Formed
2005
Legal Domicile
Ga
Voting Board Members
4
Independent Board Members
0
Employees
1
Volunteers
11
Supplemental Narrative

Additional Explanations

Part I, Line 1

| Explanation:| SERVING THE HOMELESS COMMUNITY INCLUDING UNDEREMPLOYED EXOFFENDERS WOMEN WITH CHILDREN SINGLE WOMEN SINGLE MEN VETERANS PERSONS WITH DISABILITIES PROVIDING SHELTER FOOD CLOTHING ACADEMIA SKILLS EMPLOYABILITY TRAINING COMMUNITY RESOURCES WORKING WITH COLLABORATIVE AGENCIES HELPING INDIVIDUALS FAMILIES TOWARDS SELF SUFFICIENCY

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IRS990/Form990PartVIISectionAGrp/PersonNm0Edwin Ford
IRS990/Form990PartVIISectionAGrp/PersonNm1Steven Bulloch
IRS990/Form990PartVIISectionAGrp/PersonNm2Timothy Pounds
IRS990/Form990PartVIISectionAGrp/PersonNm3Faye Lattimore
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IRS990/MissionDesc0The organizations mission is to enable at risk youth economically disadvantaged individuals and families persons with disabilities ex offenders and the homeless community to strive academically and towards self sufficiency. Our vision is to empower communities and populations to restore families and improve their overall quality of life.
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21573
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