Civic Intelligence

Vision to Learn

990 • Fiscal year 2020 • EIN 45-3457853

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 12, 2021

12100 WILSHIRE BLVD Room 1275Los Angeles, CA 90025

(424) 256-5350

Siviq Scores

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

Liabilities / Assets

49th percentile

0.21x

Higher debt load relative to assets than 49% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

35th percentile

0.17x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

73rd percentile

17%

Higher net margin than 73% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

55th percentile

$186,859

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

72nd percentile

18%

Faster asset growth than 72% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

41st percentile

-1.1%

Faster revenue growth than 41% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$9,041,090

Up $1,390,420 (+18%) from 2019

Net Assets

Up

$7,111,134

Up $1,880,512 (+36%) from 2019

Liabilities

Down

$1,929,956

Down $490,092 (-20%) from 2019

Revenue

Down

$11,226,179

Down $123,474 (-1.1%) from 2019

Expenses

Down

$9,345,667

Down $1,911,567 (-17%) from 2019

Net Income

Up

$1,880,512

Up $1,788,093 (+1935%) from 2019

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2012: $353,921Liabilities 2012: $25,485Net Assets 2012: $328,4362012Assets 2013: $524,778Liabilities 2013: $89,320Net Assets 2013: $435,4582013Assets 2014: $1,339,940Liabilities 2014: $254,324Net Assets 2014: $1,085,6162014Assets 2015: $1,690,754Liabilities 2015: $295,266Net Assets 2015: $1,395,4882015Assets 2016: $2,579,200Liabilities 2016: $582,062Net Assets 2016: $1,997,1382016Assets 2017: $5,187,219Liabilities 2017: $582,939Net Assets 2017: $4,604,2802017Assets 2018: $6,178,220Liabilities 2018: $1,040,017Net Assets 2018: $5,138,2032018Assets 2019: $7,650,670Liabilities 2019: $2,420,048Net Assets 2019: $5,230,6222019Assets 2020: $9,041,090Liabilities 2020: $1,929,956Net Assets 2020: $7,111,1342020Assets 2021: $17,297,564Liabilities 2021: $1,046,730Net Assets 2021: $16,250,8342021Assets 2022: $20,294,711Liabilities 2022: $2,038,163Net Assets 2022: $18,256,5482022Assets 2023: $21,484,554Liabilities 2023: $2,625,179Net Assets 2023: $18,859,3752023

Highlighted filing

2020

Assets$9,041,090
Liabilities$1,929,956
Net Assets$7,111,134

Operations Trend

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

$30M$20M$10M$0Revenue 2012: $774,922Expenses 2012: $446,486Net Income 2012: $328,4362012Revenue 2013: $940,308Expenses 2013: $833,286Net Income 2013: $107,0222013Revenue 2014: $2,143,099Expenses 2014: $1,492,941Net Income 2014: $650,1582014Revenue 2015: $2,145,583Expenses 2015: $1,835,711Net Income 2015: $309,8722015Revenue 2016: $3,381,109Expenses 2016: $2,779,459Net Income 2016: $601,6502016Revenue 2017: $4,881,054Expenses 2017: $2,346,412Net Income 2017: $2,534,6422017Revenue 2018: $8,061,447Expenses 2018: $7,527,524Net Income 2018: $533,9232018Revenue 2019: $11,349,653Expenses 2019: $11,257,234Net Income 2019: $92,4192019Revenue 2020: $11,226,179Expenses 2020: $9,345,667Net Income 2020: $1,880,5122020Revenue 2021: $15,003,940Expenses 2021: $5,864,240Net Income 2021: $9,139,7002021Revenue 2022: $15,923,530Expenses 2022: $13,917,816Net Income 2022: $2,005,7142022Revenue 2023: $20,192,814Expenses 2023: $19,589,987Net Income 2023: $602,8272023

Highlighted filing

2020

Revenue$11,226,179
Expenses$9,345,667
Net Income$1,880,512
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 12, 2021
Return Version
2019v5.1
Gross Receipts
$11,226,179
Mission and Program Overview

Mission

Provide free eye exams and glasses to students in low-income communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$4,885,559$4,832,363▼ $53,196
Cash and Non-Interest-Bearing Accounts$639,683$2,525,161▲ $1,885,478
Land, Buildings, and Equipment, Net$2,061,940$1,604,902▼ $457,038
Loans From Officers Directors$100,000$129,290▲ $29,290
Prepaid Expenses and Deferred Charges$63,488$78,664▲ $15,176
Total Assets$7,650,670$9,041,090▲ $1,390,420
Liabilities
Unsecured Notes Loans Payable-$780,688-
Mortgage Notes Payable Secured by Investment Property$1,482,922$538,978▼ $943,944
Accounts Payable and Accrued Expenses$837,126$481,000▼ $356,126
Total Liabilities$2,420,048$1,929,956▼ $490,092
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,159,010$6,513,352▲ $1,354,342
Net Assets Without Donor Restrictions$71,612$597,782▲ $526,170
Total Net Assets Fund Balance$5,230,622$7,111,134▲ $1,880,512
Total Liabilities and Net Assets / Fund Balance$7,650,670$9,041,090▲ $1,390,420

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,604,902$1,896,016$3,500,918
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ann HolisterPresidentFT$186,859$15,475$186,859
Jaya ShettyChief Financial OfficerFT$156,250$5,256$171,725
John KimChief Operating OfficerFT$157,636$5,256$162,892
Damian CarrollChief of StaffFT$135,417-$135,417

Board Members and Trustees

NameTitle
Mickey KantorCo-chair
Virginia BeutnerCo-chair
Cynthia WattsVice Chair, Secretary, Treasurer
Denita WilloughbyDirector
Glenville March JrDirector
Jake WinebaumDirector
Renee MccollDirector
Steve ShafranDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Christopher LowOptometry26 WINTERMIST CT, Sacramento, CA 95831$104,046
Revenue and Support

Revenue Composition

Contributions and Grants
$11,161,279
Program Service Revenue
$64,900
Investment Income
$0
Other Revenue
$0
All Other Contributions
$10,241,507
Change in Net Assets
$1,880,512

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Drugs and Medical Supplies52,001$498,710Replacement Cost
Cars and Other Vehicles2$75,246Replacement Cost
Securities Publicly Traded36$5,009Price - Security Exchange
Total Noncash Contributions52,039$578,965-

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,226,179
Revenue Not Reported on Form 990
$59,845
Total Revenue per Audited Statements
$11,286,024
Total Revenue per Form 990
$11,226,179
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,686,927
Other Expenses$3,682,095
Grants and Similar Amounts Paid$976,645
Total Fundraising Expense$539,271
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,381,092$113,945$222,988$3,718,025
Fees for Services Other$1,833,158$93,603$10,000$1,936,761
Grants to Domestic Individuals$976,645--$976,645
Depreciation Depletion$568,599--$568,599
Current Officers, Directors, Trustees, and Key Employees$138,206$175,324$182,096$495,626
Payroll Taxes$278,481$20,654$27,367$326,502
Occupancy$168,314$5,812$7,749$181,875
Other Employee Benefits$125,892$8,982$11,900$146,774
Fees for Services Lobbying$122,000--$122,000
Insurance$75,467$34,655-$110,122
Travel$104,970$1,110-$106,080
Office Expenses$80,549$2,197$2,930$85,676
Advertising--$74,241$74,241
Interest$56,119--$56,119
Information Technology-$40,110-$40,110
Fees for Services Legal-$35,208-$35,208
Fees for Services Accounting-$29,500-$29,500
Other Expenses$29,950$21,194-$21,194
All Other Expenses-$20,047-$20,047
Total Functional Expenses$8,104,993$701,403$539,271$9,345,667

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,405,512
Expenses per Audited Statements$9,345,667
Total Expenses per Form 990$9,345,667
Expenses Not Reported on Form 990$59,845
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Donor Event$34,550---
Total Events$34,550---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$100,000$129,290▲ $29,290
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Mr. Winebaum and ms. Watts have a business relationship

Form 990, Part VI, Section B, Line 11B

The tax returns are reviewed by the audit committee chair and the treasurer.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy, which applies to all in the organization including officers and key employees, is reviewed annually by the board. Directors abstain from discussing and voting on any matters that may be a conflict of interest. Officers and key employees are required to disclose any conflicts of interest and update annually.

Form 990, Part VI, Section B, Line 15A

Salaries for management are determined by the officers of the board based on comparable salaries, the individuals performance and the financial status of the organization.

Form 990, Part VI, Section C, Line 19

The annual financial statements, governing documents and the conflict of interest policy are available upon written request.

Filing and Contact Details

Filer

Filer Name
Vision to Learn
EIN
45-3457853
Phone
4242565350
Address
12100 WILSHIRE BLVD Room 1275, Los Angeles, CA 90025

Signing Officer

Name
Ann Hollister
Title
President
Signed
2021-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann Hollister
Formed
2011
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
7
Employees
99
Volunteers
60

Preparer

Firm
Lewis Sharpstone & Co
Address
5850 CANOGA AVE SUITE 400, WOODLAND HILLS, CA 91367
Preparer
Lewis Sharpstone
Phone
8185701960
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other fees for services comprise the following. Optomitrists and opticians services 1,658,354, programatic consultants 208,804, research analyst fees 69,603, total 1,936,761.

Form 990, Part XI, Line 9

In accordance with asc958-605, the organization is accounting for its paycheck protection program ppp loan as a conditional contribution. As of june 30, 2020 the organization had met the conditions so as to record 216,172 of loan forgiveness.

Financial Statement Notes

X 2

The organization has evaluated the financial statement impact of tax positions taken or expected to be taken in its tax returns. Management has determined that no tax liabilities need to be recorded under applicable guidance for the year ended june 30, 2020. The organization determined that there are no tax positions which must be considered for disclosure. No examinations are currently pending.

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IRS990/Desc0PROVIDE FREE EYE EXAMS AND GLASSES TO STUDENTS IN LOW-INCOME COMMUNITIES. SINCE ITS FOUNDING IN 2012, VISION TO LEARN HAS PROVIDED OVER 1 MILLION VISION SCREENINGS, 286,040 EYE EXAMS 56,377 IN THE YEAR ENDED JUNE 30, 2020 AND 226,471 PAIRS OF GLASSES APPROXIMATELY 49,000 IN THE YEAR ENDED JUNE 30, 2020 TO KINDERGARTEN THROUGH HIGH SCHOOL STUDENTS IN LOW-INCOME COMMUNITIES IN CALIFORNIA AND NINE OTHER STATES IN THE UNITED STATES. VISION TO LEARN HAS VISITED OVER 3,500 SCHOOLS AND COMMUNITY ORGANIZATIONS TO PROVIDE THIS.
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