Civic Intelligence

Vision Forward Association Foundation Inc

990 • Fiscal year 2015 • EIN 39-2040359

Apr 01, 2014 to Mar 31, 2015 • Filed on Aug 06, 2015

912 North Hawley RoadSuiteMilwaukee, WI 53213-3292

(414) 615-0100

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$8,245,604

Down $195,010 (-2.3%) from 2014

Net Assets

Down

$7,849,043

Down $152,190 (-1.9%) from 2014

Liabilities

Down

$396,561

Down $42,820 (-9.7%) from 2014

Revenue And Expenses

Revenue

Up

$2,546,368

Up $862,787 (+51%) from 2014

Expenses

Down

$2,625,538

Down $15,412 (-0.6%) from 2014

Net Income

Up

-$79,170

Up $878,199 (+92%) from 2014

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $8,298,027Liabilities 2011: $278,763Net Assets 2011: $8,019,2642011Assets 2012: $9,478,508Liabilities 2012: $621,221Net Assets 2012: $8,857,2872012Assets 2013: $9,254,950Liabilities 2013: $564,309Net Assets 2013: $8,690,6412013Assets 2014: $8,440,614Liabilities 2014: $439,381Net Assets 2014: $8,001,2332014Assets 2015: $8,245,604Liabilities 2015: $396,561Net Assets 2015: $7,849,0432015Assets 2016: $6,991,800Liabilities 2016: $297,699Net Assets 2016: $6,694,1012016Assets 2017: $6,559,352Liabilities 2017: $260,392Net Assets 2017: $6,298,9602017Assets 2018: $6,418,308Liabilities 2018: $586,203Net Assets 2018: $5,832,1052018Assets 2019: $6,838,621Liabilities 2019: $198,836Net Assets 2019: $6,639,7852019Assets 2020: $5,681,006Liabilities 2020: $161,921Net Assets 2020: $5,519,0852020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2015

Assets$8,245,604
Liabilities$396,561
Net Assets$7,849,043

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $1,803,5502011Revenue 2012: $3,978,222Expenses 2012: $3,232,702Net Income 2012: $745,5202012Revenue 2013: $2,171,649Expenses 2013: $2,213,209Net Income 2013: -$41,5602013Revenue 2014: $1,683,581Expenses 2014: $2,640,950Net Income 2014: -$957,3692014Revenue 2015: $2,546,368Expenses 2015: $2,625,538Net Income 2015: -$79,1702015Revenue 2016: $1,605,663Expenses 2016: $2,408,383Net Income 2016: -$802,7202016Revenue 2017: $1,629,033Expenses 2017: $2,209,431Net Income 2017: -$580,3982017Revenue 2018: $1,663,727Expenses 2018: $2,179,782Net Income 2018: -$516,0552018Revenue 2019: $2,580,740Expenses 2019: $1,805,281Net Income 2019: $775,4592019Revenue 2020: $1,996,881Expenses 2020: $2,679,108Net Income 2020: -$682,2272020Revenue 2021: $1,753,181Expenses 2021: $305,158Net Income 2021: $1,448,0232021

Highlighted filing

2015

Revenue$2,546,368
Expenses$2,625,538
Net Income-$79,170
Jump To
Filing Snapshot
Filing Period
Apr 1, 2014 to Mar 31, 2015
Signed
Aug 6, 2015
Return Version
2014v5.0
Gross Receipts
$3,730,950
Mission and Program Overview

Mission

The mission of the vision forward association foundation is to serve as a vehicle for raising and managing funding used to support programs that serve and benefit individuals dealing with blindness or vision impairment and their families.

To serve as a vehicle for raising and managing funding used to support programs that serve and benefit individuals dealing w/ blindness or vision impairment & their families

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,234,019$6,407,886▼ $826,133
Other Notes and Loans Receivable, Net$1,034,317$1,089,239▲ $54,922
Pledges and Grants Receivable$57,411$666,197▲ $608,786
Savings and Temporary Cash Investments$114,867$82,282▼ $32,585
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts 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
Land, Buildings, and Equipment, Net$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$8,440,614$8,245,604▼ $195,010
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$439,381$396,561▼ $42,820
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$439,381$396,561▼ $42,820
Net Assets / Fund Balance
Unrestricted Net Assets$7,019,450$6,154,517▼ $864,933
Permanently Rstr Net Assets$914,972$914,972→ $0
Temporarily Rstr Net Assets$66,811$779,554▲ $712,743
Total Net Assets Fund Balance$8,001,233$7,849,043▼ $152,190
Total Liabilities and Net Assets / Fund Balance$8,440,614$8,245,604▼ $195,010

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$7,304,430$240,160▲ $386,276$1,408,000$6,481,161
2014$7,992,513$75,947▲ $832,995$1,558,202$7,304,430
2013$7,753,183$682,842▲ $684,408$1,076,909$7,992,513
2012$6,726,772$2,032,162▲ $374,136$1,336,954$7,753,183
2011$6,433,801$270,321▲ $718,199$653,586$6,726,772
Compensation and Service Providers

Employees

NameTitleOtherTotal
Matt LemkeFinance Director$110,391$110,391

Board Members and Trustees

NameTitle
David R StrelitzPresident
James D DobrinskaVice President
Brett BostrackBoard Member
Christine StoneBoard Member
Kevin TydrickBoard Member
Terence a LynchBoard Member
Terri DavisExecutive Director
Kathleen BrockmanSecretary
Erich SchwenkerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$2,031,919
Program Service Revenue
$0
Investment Income
$514,449
Other Revenue
$0
All Other Contributions
$1,955,777
Change in Net Assets
$-79,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,241,259
Other Expenses$384,279
Total Fundraising Expense$384,279
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,241,259--$2,241,259
Fees for Service Investment Mgmnt Fees--$41,787$41,787
Office Expenses--$23,260$23,260
Occupancy--$11,291$11,291
Other Expenses--$10,037$10,037
Fees for Services Other--$8,759$8,759
Information Technology--$5,770$5,770
Fees for Services Accounting--$2,502$2,502
Advertising--$1,721$1,721
Conferences and Meetings--$623$623
Travel--$248$248
All Other Expenses--$199$199
Fees for Services Legal--$26$26
Total Functional Expenses$2,241,259$0$384,279$2,625,538
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Vision Forward Association IncorporatedMilwaukee, WI501(c)3For Operating Expenses$2,241,259
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
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

REVIEW OF FORM 990 A copy of the 990 form is either mailed or e-mailed to the voting members of the Board of Directors and they then review it at their discretion. No formal review of the form 990 with the voting Board members is conducted by the organization.

Form 990 Part VI Section B Line 12C

Conflict of interest policy the hr director explains the conflict of interest policy to all new hires of vision forward association foundation, inc. All supervisors review policy with their employees as various issues arise throughout the year. The board president discusses the conflict of interest policy with all newly appointed directors and it is discussed at various board meetings throughout the year.

Form 990 Part VI Section C Line 19

GOVERNING DOCUMENTS/CONFLICT OF INTEREST/DOCUMENTS AVAILABLE TO THE PUBLIC Release of these documents is determined on a case-by-case basis based upon formal requests received by the organization for any or all of them.

FORM 990 PART VI SECTION A LN 6 - 7A

CLASSES OF MEMBERS PER ARTICLE V OF THE BY-LAWS, The sole Member of the Corporation shall be VISION FORWARD ASSOCIATION, INCORPORATED. The sole Member shall have the right to vote and such additional rights and powers as shall be set forth in the By-Laws of the Corporation or conferred upon voting members of nonstock corporations under the Law.

Form 990 Part VI Section A Line 7B

DECISIONS OF GOVERNING BODY SUBJECT TO APPROVAL BY MEMBER Decisions made by the VISION FORWARD ASSOCIATION FOUNDATION Board of Directors are subject to the review and approval of the MEMBER'S BOARD OF DIRECTORS.

Filing and Contact Details

Filer

Filer Name
Vision Forward Association Foundation Inc
EIN
39-2040359
In Care Of
% MATT LEMKE
Phone
4146150100
Address
912 NORTH HAWLEY ROAD, Suite, MILWAUKEE, WI 53213-3292

Signing Officer

Name
Terri Davis
Title
Executive Director
Phone
4146150100
Signed
2015-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terri Davis
Formed
2001
Legal Domicile
Wi
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Sva Certified Public Accountants
Address
1221 JOHN Q HAMMONS DRIVE, MADISON, WI 53717
Preparer
Douglas K Berry
Phone
6088318181
Supplemental Narrative

Financial Statement Notes

Form 990 Schedule D Part V Line 4

Use of endowment funds the organization uses its endowment funds to support the general operations of the organization.

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