Civic Intelligence

Florida'S Vision Quest Inc

990 • Fiscal year 2019 • EIN 59-3269114

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 06, 2020

167 N Industrial DriveOrange City, FL 32763-7414

(386) 917-1001

Siviq Scores

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

Liabilities / Assets

78th percentile

0.42x

Higher debt load relative to assets than 78% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

73rd percentile

0.32x

Higher debt load relative to revenue than 73% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

62nd percentile

8.0%

Higher net margin than 62% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

71st percentile

$107,151

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

61st percentile

7.2%

Faster asset growth than 61% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

56th percentile

6.6%

Faster revenue growth than 56% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,591,095

Up $106,402 (+7.2%) from 2018

Net Assets

Up

$921,442

Up $165,736 (+22%) from 2018

Liabilities

Down

$669,653

Down $59,334 (-8.1%) from 2018

Revenue

Up

$2,064,670

Up $127,025 (+6.6%) from 2018

Expenses

Down

$1,898,934

Down $188,805 (-9.0%) from 2018

Net Income

Up

$165,736

Up $315,830 (+210%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,031,087Liabilities 2011: $841,388Net Assets 2011: $1,189,6992011Assets 2012: $1,869,075Liabilities 2012: $857,521Net Assets 2012: $1,011,5542012Assets 2013: $2,032,727Liabilities 2013: $836,928Net Assets 2013: $1,195,7992013Assets 2014: $1,926,827Liabilities 2014: $813,833Net Assets 2014: $1,112,9942014Assets 2015: $1,941,726Liabilities 2015: $799,232Net Assets 2015: $1,142,4942015Assets 2016: $1,829,467Liabilities 2016: $786,598Net Assets 2016: $1,042,8692016Assets 2017: $1,713,755Liabilities 2017: $807,955Net Assets 2017: $905,8002017Assets 2018: $1,484,693Liabilities 2018: $728,987Net Assets 2018: $755,7062018Assets 2019: $1,591,095Liabilities 2019: $669,653Net Assets 2019: $921,4422019Assets 2020: $1,769,784Liabilities 2020: $878,294Net Assets 2020: $891,4902020Assets 2021: $1,833,294Liabilities 2021: $819,579Net Assets 2021: $1,013,7152021Assets 2022: $1,196,160Liabilities 2022: $715,468Net Assets 2022: $480,6922022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2019

Assets$1,591,095
Liabilities$669,653
Net Assets$921,442

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $657,526Expenses 2011: $944,576Net Income 2011: -$287,0502011Revenue 2012: $891,234Expenses 2012: $1,069,379Net Income 2012: -$178,1452012Revenue 2013: $1,598,846Expenses 2013: $1,414,605Net Income 2013: $184,2412013Revenue 2014: $1,741,800Expenses 2014: $1,824,605Net Income 2014: -$82,8052014Revenue 2015: $2,013,940Expenses 2015: $1,984,440Net Income 2015: $29,5002015Revenue 2016: $2,016,010Expenses 2016: $2,115,635Net Income 2016: -$99,6252016Revenue 2017: $1,921,893Expenses 2017: $2,058,962Net Income 2017: -$137,0692017Revenue 2018: $1,937,645Expenses 2018: $2,087,739Net Income 2018: -$150,0942018Revenue 2019: $2,064,670Expenses 2019: $1,898,934Net Income 2019: $165,7362019Revenue 2020: $1,617,755Expenses 2020: $1,647,707Net Income 2020: -$29,9522020Revenue 2021: $1,561,009Expenses 2021: $1,438,784Net Income 2021: $122,2252021Revenue 2022: $311,041Expenses 2022: $844,064Net Income 2022: -$533,0232022Revenue 2023: $83,918Expenses 2023: $564,610Net Income 2023: -$480,6922023

Highlighted filing

2019

Revenue$2,064,670
Expenses$1,898,934
Net Income$165,736
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 6, 2020
Return Version
2018v3.2
Gross Receipts
$2,071,972
Mission and Program Overview

Mission

To provide "at risk" children with opportunities that will make dramatic changes in their capacity for learning and social development by providing eye care exams and glasses for visually impaired children throughout florida. These services are normally provided at no cost throughout counties in florida.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$949,819$1,031,408▲ $81,589
Savings and Temporary Cash Investments$310,131$314,819▲ $4,688
Cash and Non-Interest-Bearing Accounts$224,743$211,006▼ $13,737
Accounts Receivable-$33,862-
Total Assets$1,484,693$1,591,095▲ $106,402
Liabilities
Mortgage Notes Payable Secured by Investment Property$605,757$568,781▼ $36,976
Other Liabilities$82,042$77,674▼ $4,368
Accounts Payable and Accrued Expenses$41,188$23,198▼ $17,990
Total Liabilities$728,987$669,653▼ $59,334
Net Assets / Fund Balance
Unrestricted Net Assets$755,706$921,442▲ $165,736
Total Net Assets Fund Balance$755,706$921,442▲ $165,736
Total Liabilities and Net Assets / Fund Balance$1,484,693$1,591,095▲ $106,402

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$781,858$328,642$1,110,500
Equipment$153,783$273,936$427,719
Leasehold Improvements$95,767$19,832$115,599
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nancy JeppesenCEOFT$107,151-$107,151
Keith ChristiansenCOOFT$75,621$29,307$104,928
Elizabeth AdcoxCFOFT$50,634-$50,634

Board Members and Trustees

NameTitle
Dave LandiniChair
Kelly HaynesExecutive Di
Tim CerioLegal Adviso
Brandy HogueMember
Ryan TimkoMember
Sarah HolderMember
Sean RyanMember
Jim HesterVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,589,221
Program Service Revenue
$211,785
Investment Income
$224,142
Other Revenue
$39,522
All Other Contributions
$589,221
Change in Net Assets
$165,736

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,064,670
Revenue Not Reported on Form 990
$25,976
Total Revenue per Audited Statements
$2,090,646
Total Revenue per Form 990
$2,064,670
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,241,934
Salaries, Compensation, and Employee Benefits$657,000
Total Fundraising Expense$6,645
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$259,849$49,494$2,526$311,869
Current Officers, Directors, Trustees, and Key Employees$194,474$37,042$1,891$233,407
Other Employee Benefits$57,911$11,030$563$69,504
Depreciation Depletion$55,316$10,536$538$66,390
Payroll Taxes$35,178$6,700$342$42,220
Interest-$31,154-$31,154
All Other Expenses$22,099$4,203$199$26,501
Travel$16,407$3,125$160$19,692
Other Expenses$16,107$3,068$157$19,332
Insurance$12,288$2,341$119$14,748
Fees for Services Legal$8,191$1,560$80$9,831
Office Expenses$7,158$1,363$70$8,591
Total Functional Expenses$1,730,673$161,616$6,645$1,898,934

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,924,910
Expenses per Audited Statements$1,898,934
Total Expenses per Form 990$1,898,934
Expenses Not Reported on Form 990$25,976
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Wages and Related Benefits$77,674
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the board chair and the treasurer before submitting to the irs.

Form 990, Page 6, Part VI, Line 12C

The organization regularly and consistently monitors and enforces compliance with the policy by undergoing annual audits

Form 990, Page 6, Part VI, Line 15A

Compensation of officers is determined by the central florida nonprofit compensation and benefits report and reviewed by the board of directors.

Form 990, Page 6, Part VI, Line 15B

Compensation of employees is determined by the central florida nonprofit compensation and benefits report and reviewed by the board of directors.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
FLORIDA'S VISION QUEST INC
EIN
59-3269114
Phone
3869171001
Address
167 N INDUSTRIAL DRIVE, ORANGE CITY, FL 32763-7414

Signing Officer

Name
Kelly Haynes
Title
Executive Director
Phone
3869171001
Signed
2020-03-06

Organization Details

Principal Officer
Kelly Haynes
Formed
1994
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
11
Employees
11
Volunteers
100

Preparer

Firm
Moss Krusick & Associates LLC
Address
501 S NEW YORK AVE STE 100, WINTER PARK, FL 32789-4241
Preparer
W Ed Moss Jr
Phone
4076445811
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide "at risk" children with opportunities that will make dramatic changes in their capacity for learning and social development by providing eye care exams and glasses for visually impaired children throughout florida. These services are normally provided at no cost throughout counties in florida.

Form 990, Page 2, Part III, Line 4A

The organization operates one vision care program. The program is a partnership with the local public schools and county health departments who refer eligible children who have failed school-based vision screenings and are in need of follow-up vision exams and corrective eyeglasses. The organization operates two delivery systems: 1. In-office and 2. Mobile outreach. "in-office" is an extensive network of eye care professionals throughout the state that provides free comprehensive vision exams in their respective offices and the organization fabricates corrective eyeglasses. "mobile outreach" is a fully equipped mobile vision care 'office' that travels to schools and provides vision services to 30% of economically disadvantaged children who are unable to access vision care by any other means.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization received its notice of qualification from the internal revenue service (irs) dated december 1994 as an organization exempt from income taxes under internal revenue code section 501 (c)(3), and is not considered a private foundation. Accordingly, no provision or benefit for income taxes has been reflected in the accompanying financial statements. Management has analyzed the organization's various federal and state filing positions and deductions are well documented and supported, and no accruals for tax liabilities are necessary. Therefore, no reserves for uncertain income tax positions have been recorded.

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IRS990/PrincipalOfficerNm0KELLY HAYNES
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 0
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/TotalSupportAmt08605677
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IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt060076
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IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt0244947
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt0254387
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED WAGES AND RELATED BENEFITS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECEIVED ITS NOTICE OF QUALIFICATION FROM THE INTERNAL REVENUE SERVICE (IRS) DATED DECEMBER 1994 AS AN ORGANIZATION EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501 (C)(3), AND IS NOT CONSIDERED A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT HAS ANALYZED THE ORGANIZATION'S VARIOUS FEDERAL AND STATE FILING POSITIONS AND DEDUCTIONS ARE WELL DOCUMENTED AND SUPPORTED, AND NO ACCRUALS FOR TAX LIABILITIES ARE NECESSARY. THEREFORE, NO RESERVES FOR UNCERTAIN INCOME TAX POSITIONS HAVE BEEN RECORDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalRevenuePerForm990Amt02064670
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE "AT RISK" CHILDREN WITH OPPORTUNITIES THAT WILL MAKE DRAMATIC CHANGES IN THEIR CAPACITY FOR LEARNING AND SOCIAL DEVELOPMENT BY PROVIDING EYE CARE EXAMS AND GLASSES FOR VISUALLY IMPAIRED CHILDREN THROUGHOUT FLORIDA. THESE SERVICES ARE NORMALLY PROVIDED AT NO COST THROUGHOUT COUNTIES IN FLORIDA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION OPERATES ONE VISION CARE PROGRAM. THE PROGRAM IS A PARTNERSHIP WITH THE LOCAL PUBLIC SCHOOLS AND COUNTY HEALTH DEPARTMENTS WHO REFER ELIGIBLE CHILDREN WHO HAVE FAILED SCHOOL-BASED VISION SCREENINGS AND ARE IN NEED OF FOLLOW-UP VISION EXAMS AND CORRECTIVE EYEGLASSES. THE ORGANIZATION OPERATES TWO DELIVERY SYSTEMS: 1. IN-OFFICE AND 2. MOBILE OUTREACH. "IN-OFFICE" IS AN EXTENSIVE NETWORK OF EYE CARE PROFESSIONALS THROUGHOUT THE STATE THAT PROVIDES FREE COMPREHENSIVE VISION EXAMS IN THEIR RESPECTIVE OFFICES AND THE ORGANIZATION FABRICATES CORRECTIVE EYEGLASSES. "MOBILE OUTREACH" IS A FULLY EQUIPPED MOBILE VISION CARE 'OFFICE' THAT TRAVELS TO SCHOOLS AND PROVIDES VISION SERVICES TO 30% OF ECONOMICALLY DISADVANTAGED CHILDREN WHO ARE UNABLE TO ACCESS VISION CARE BY ANY OTHER MEANS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE BOARD CHAIR AND THE TREASURER BEFORE SUBMITTING TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY BY UNDERGOING ANNUAL AUDITS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION OF OFFICERS IS DETERMINED BY THE CENTRAL FLORIDA NONPROFIT COMPENSATION AND BENEFITS REPORT AND REVIEWED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION OF EMPLOYEES IS DETERMINED BY THE CENTRAL FLORIDA NONPROFIT COMPENSATION AND BENEFITS REPORT AND REVIEWED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.08$0.56$0.48
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.72$0.48$0.31$0.84$0.53
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.83$0.82$1.01$1.56$1.44$0.12
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.88$0.89$1.62$1.65$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.59$0.67$0.92$2.06$1.90$0.17
2018Summary only. Only limited summary data is available for this year.$1.48$0.73$0.76$1.94$2.09$0.15
2017Summary only. Only limited summary data is available for this year.$1.71$0.81$0.91$1.92$2.06$0.14
2016Summary only. Only limited summary data is available for this year.$1.83$0.79$1.04$2.02$2.12$0.10
2015Summary only. Only limited summary data is available for this year.$1.94$0.80$1.14$2.01$1.98$0.03
2014Summary only. Only limited summary data is available for this year.$1.93$0.81$1.11$1.74$1.82$0.08
2013Summary only. Only limited summary data is available for this year.$2.03$0.84$1.20$1.60$1.41$0.18
2012Summary only. Only limited summary data is available for this year.$1.87$0.86$1.01$0.89$1.07$0.18
2011Summary only. Only limited summary data is available for this year.$2.03$0.84$1.19$0.66$0.94$0.29