Civic Intelligence

Vision Galveston Inc.

990 • Fiscal year 2021 • EIN 84-2769581

Jan 01, 2021 to Dec 31, 2021 • Filed on Dec 28, 2022

306 Kempner Street Suite 200Galveston, TX 77550

(409) 202-3095

Siviq Scores

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

Liabilities / Assets

41st percentile

0.03x

Higher debt load relative to assets than 41% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

35th percentile

0.03x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

88th percentile

53%

Higher net margin than 88% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

63rd percentile

$85,392

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

87th percentile

52%

Faster asset growth than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

65th percentile

28%

Faster revenue growth than 65% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$950,320

Up $324,140 (+52%) from 2020

Net Assets

Up

$917,928

Up $519,313 (+130%) from 2020

Liabilities

Down

$32,392

Down $195,173 (-86%) from 2020

Revenue

Up

$1,010,501

Up $221,797 (+28%) from 2020

Expenses

Up

$478,808

Up $94,631 (+25%) from 2020

Net Income

Up

$531,693

Up $127,166 (+31%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2020: $626,180Liabilities 2020: $227,565Net Assets 2020: $398,6152020Assets 2021: $950,320Liabilities 2021: $32,392Net Assets 2021: $917,9282021Assets 2022: $1,836,804Liabilities 2022: $56,992Net Assets 2022: $1,779,8122022Assets 2023: $1,683,379Liabilities 2023: $47,514Net Assets 2023: $1,635,8652023Assets 2024: $1,352,239Liabilities 2024: $185,193Net Assets 2024: $1,167,0462024

Highlighted filing

2021

Assets$950,320
Liabilities$32,392
Net Assets$917,928

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2020: $788,704Expenses 2020: $384,177Net Income 2020: $404,5272020Revenue 2021: $1,010,501Expenses 2021: $478,808Net Income 2021: $531,6932021Revenue 2022: $1,336,516Expenses 2022: $499,632Net Income 2022: $836,8842022Revenue 2023: $757,529Expenses 2023: $901,476Net Income 2023: -$143,9472023Revenue 2024: $810,208Expenses 2024: $964,938Net Income 2024: -$154,7302024

Highlighted filing

2021

Revenue$1,010,501
Expenses$478,808
Net Income$531,693
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Dec 28, 2022
Return Version
2021v4.0
Gross Receipts
$1,010,501
Mission and Program Overview

Mission

Vision galveston is a community-building nonprofit organization that connects the vision we share for our island to the resources that make them happen. Everyones got an idea about how our city can be better and we aim to take those big ideas to the finish line to help turn galveston into the best place to raise a family, uncover new opportunity or grow the economy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$480,261$946,317▲ $466,056
Pledges and Grants Receivable$145,000$4,003▼ $140,997
Prepaid Expenses and Deferred Charges$922--
Cash and Non-Interest-Bearing Accounts$-3--
Total Assets$626,180$950,320▲ $324,140
Liabilities
Unsecured Notes Loans Payable$29,550--
Accounts Payable and Accrued Expenses-$19,221-
Other Liabilities$8,015$11,171▲ $3,156
Deferred Revenue$190,000$2,000▼ $188,000
Total Liabilities$227,565$32,392▼ $195,173
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$398,615$842,928▲ $444,313
Net Assets With Donor Restrictions-$75,000-
Total Net Assets Fund Balance$398,615$917,928▲ $519,313
Total Liabilities and Net Assets / Fund Balance$626,180$950,320▲ $324,140

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$5,083$5,083
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Christine BryantCEOFT$85,392$85,392

Board Members and Trustees

NameTitle
Lauren ScottPresident
Allan MatthewsBoard Member
Bert BagleyBoard Member
Betty MasseyBoard Member
Carlisle RathburnBoard Member
Craig BrownBoard Member
Jayson LevyBoard Member
Lee JurewitzBoard Member
Marina WalneBoard Member
Patrick LouchouarnBoard Member
Premal PatelBoard Member
Raymond LewisBoard Member
Steven PenaBoard Member
Timothy J HarlinBoard Member
Torrina HarrisBoard Member
Zahrah EktefaeiBoard Member
Zurisaday BrizBoard Member
Claire ReiswergSecretary
Lindsey WhiteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,010,417
Program Service Revenue
$0
Investment Income
$84
Other Revenue
$0
All Other Contributions
$978,750
Change in Net Assets
$531,693
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$227,428
Other Expenses$148,619
Grants and Similar Amounts Paid$102,761
Total Fundraising Expense$4,648
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$23,300$85,545-$108,845
Other Salaries and Wages$100,239$5,920$1,612$107,771
Grants to Domestic Orgs$102,761--$102,761
Current Officers, Directors, Trustees, and Key Employees$67,459$15,371$2,562$85,392
Other Employee Benefits$9,687$9,614$187$19,488
Payroll Taxes$12,283$2,207$287$14,777
Fees for Services Accounting-$7,934-$7,934
Travel$2,254$1,119-$3,373
Conferences and Meetings$2,315$943-$3,258
Occupancy$685$1,520-$2,205
Insurance$200$1,870-$2,070
Office Expenses$587$1,258-$1,845
Other Expenses$7,500$1,434-$1,434
All Other Expenses$517$339-$856
Interest-$51-$51
Total Functional Expenses$329,787$144,373$4,648$478,808
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Build GalvestonGalveston, TX509a3Support-
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll Taxes$9,955
Credit Cards$1,216
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
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
No
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

No review was or will be conducted.

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

Executive salary receives an annual review by the executive committee and is then presented to and voted on by the board of directors.

Form 990, Page 6, Part VI, Line 19

Vision galveston practices and encourages transparency and accountability to the general public. We shall make all irs forms, bylaws, conflict of interest policy, and financial reports/statements available to the general public for inspection within a reasonable time following any request.

Filing and Contact Details

Filer

Filer Name
Vision Galveston
EIN
84-2769581
Address
306 KEMPNER STREET SUITE 200, GALVESTON, TX 77550

Signing Officer

Name
Christine Bryant
Title
CEO
Signed
2022-12-28

Organization Details

Principal Officer
Christine Bryant
Formed
2019
Legal Domicile
TX
Voting Board Members
19
Independent Board Members
19
Employees
3
Volunteers
12

Preparer

Firm
Ann Thomas CPA Pc
Address
1120 NASA PARKWAY SUITE 108, HOUSTON, TX 77058-3320
Preparer
Paul Glenn Thomas Iii
Phone
2813333848
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Vision galveston is a community-building nonprofit organization that connects the vision we share for our island to the resources that make them happen. Everyones got an idea about how our city can be better and we aim to take those big ideas to the finish line to help turn galveston into the best place to raise a family, uncover new opportunity or grow the economy.

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

Engage galveston - engage/measure galveston is a collaborative initiative led by vision galveston to empower us all with the information we need to act individually and collectively to build a galveston community that provides everyone the opportunity to reach their full potential.

Form 990, Part IX, Line 11G

Bank fees gb 85-4187449 -65 0 0 credit card rebates 0 -1,190 0 ee bene nom bg 85-4187449 -2,144 0 0 grant writer 0 21,250 0 ins exp bg 85-4187449 -200 0 0 market nom bg 85-4187449 -141 0 0 marketing 0 17,185 0 marketing 141 0 0 marketing 53 0 0 marketing 120 0 0 meeting exp bg 85-4187449 -101 0 0 off nom bg 85-4187449 -37 0 0 other professional services 0 9,300 0 pr tax nom bg 85-4187449 -3,643 0 0 top spec nom bg 85-4187449 -89,270 0 0 topic specific expertise & de 0 39,000 0 topic specific expertise & de 89,270 0 0 topic specific expertise & de 74,978 0 0 topic specific expertise & de 6,500 0 0 travel bg 85-4187449 -1,710 0 0 wage nom build gal 85-4187449 -50,451 0 0 total 23,300 85,545 0

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IRS990/MissionDesc0VISION GALVESTON IS A COMMUNITY-BUILDING NONPROFIT ORGANIZATION THAT CONNECTS THE VISION WE SHARE FOR OUR ISLAND TO THE RESOURCES THAT MAKE THEM HAPPEN. EVERYONES GOT AN IDEA ABOUT HOW OUR CITY CAN BE BETTER AND WE AIM TO TAKE THOSE BIG IDEAS TO THE FINISH LINE TO HELP TURN GALVESTON INTO THE BEST PLACE TO RAISE A FAMILY, UNCOVER NEW OPPORTUNITY OR GROW THE ECONOMY.
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IRS990/OfficeExpensesGrp/ProgramServicesAmt0587
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0187
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09614
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09687
IRS990/OtherEmployeeBenefitsGrp/TotalAmt019488
IRS990/OtherExpensesGrp/Desc0PRIZE MONEY
IRS990/OtherExpensesGrp/Desc1MEMBERSHIPS & SUBS
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05787
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13461
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21434
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IRS990/OtherExpensesGrp/TotalAmt15787
IRS990/OtherExpensesGrp/TotalAmt23461
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IRS990/OtherLiabilitiesGrp/EOYAmt011171
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05920
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IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0287
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02207
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0145000
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IRS990/PrincipalOfficerNm0CHRISTINE BRYANT
IRS990/PriorPeriodAdjustmentsAmt0-12380
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0GREEN GALVESTON - FURTHER THE VISION GALVESTON OBJECTIVE TO MAKE GALVESTON A "HISTORIC WALKABLE GULF COAST CITY EMBEDDED IN NATURE, CREATE IMPLEMENTABLE STRATEGIES FOR IMPROVING GALVESTON'S PARKS AND NATURAL AREAS, IMPROVE PARK AND OPEN SPACE RESILIENT AGAINST FLOODING AND HEAT, IMPROVE OPPORTUNITIES TO ATTRACT NEW RESIDENTS WITH A SET OF HIGH-QUALITY URBAN GREEN SPACES, AND CREATE FUNDABLE CONCEPTS FOR TWO PARK SPACES AND IDENTIFY FUNDING OPPORTUNITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0118391
IRS990/ProgSrvcAccomActy3Grp/Desc0INCUBATE GALVESTON - INCUBATE GALVESTON IS A COLLABORATIVE INITIATIVE BACKED BY PROMINENT GALVESTON PILLARS OF ENTREPRENEURSHIP, TECHNOLOGY, INNOVATION, AND BUSINESS. OUR MISSION IS TO ACCELERATE THE JOURNEY OF AN ENTREPRENEUR THROUGH PROVIDING AWARENESS OF AND ACCESS TO OPPORTUNITIES TO CONNECT AND COLLABORATE ACROSS THE GALVESTON-HOUSTON REGION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt050113
IRS990/ProgSrvcAccomActy3Grp/GrantAmt05000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ENGAGE GALVESTON - ENGAGE/MEASURE GALVESTON IS A COLLABORATIVE INITIATIVE LED BY VISION GALVESTON TO EMPOWER US ALL WITH THE INFORMATION WE NEED TO ACT INDIVIDUALLY AND COLLECTIVELY TO BUILD A GALVESTON COMMUNITY THAT PROVIDES EVERYONE THE OPPORTUNITY TO REACH THEIR FULL POTENTIAL.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt063522
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0788655
IRS990/PYExcessBenefitTransInd0false
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IRS990/PYOtherExpensesAmt0203044
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IRS990/PYSalariesCompEmpBnftPaidAmt0181133
IRS990/PYTotalExpensesAmt0384177
IRS990/PYTotalRevenueAmt0788704
IRS990/ReconcilationRevenueExpnssAmt0531693
IRS990/RegularMonitoringEnfrcInd0false
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0946317
IRS990ScheduleA/First5Years509Ind0X
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0788655
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01799072
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IRS990ScheduleA/Total509Grp/TotalAmt01799205
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01799205
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0509A3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt097761
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0OP EXPENSES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BUILD GALVESTON
IRS990ScheduleI/RecipientTable/RecipientEIN0854187449
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0306 KEMPNER ST SUITE 200
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GALVESTON
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VISION GALVESTON IS A COMMUNITY-BUILDING NONPROFIT ORGANIZATION THAT CONNECTS THE VISION WE SHARE FOR OUR ISLAND TO THE RESOURCES THAT MAKE THEM HAPPEN. EVERYONES GOT AN IDEA ABOUT HOW OUR CITY CAN BE BETTER AND WE AIM TO TAKE THOSE BIG IDEAS TO THE FINISH LINE TO HELP TURN GALVESTON INTO THE BEST PLACE TO RAISE A FAMILY, UNCOVER NEW OPPORTUNITY OR GROW THE ECONOMY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENGAGE GALVESTON - ENGAGE/MEASURE GALVESTON IS A COLLABORATIVE INITIATIVE LED BY VISION GALVESTON TO EMPOWER US ALL WITH THE INFORMATION WE NEED TO ACT INDIVIDUALLY AND COLLECTIVELY TO BUILD A GALVESTON COMMUNITY THAT PROVIDES EVERYONE THE OPPORTUNITY TO REACH THEIR FULL POTENTIAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXECUTIVE SALARY RECEIVES AN ANNUAL REVIEW BY THE EXECUTIVE COMMITTEE AND IS THEN PRESENTED TO AND VOTED ON BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4VISION GALVESTON PRACTICES AND ENCOURAGES TRANSPARENCY AND ACCOUNTABILITY TO THE GENERAL PUBLIC. WE SHALL MAKE ALL IRS FORMS, BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL REPORTS/STATEMENTS AVAILABLE TO THE GENERAL PUBLIC FOR INSPECTION WITHIN A REASONABLE TIME FOLLOWING ANY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BANK FEES GB 85-4187449 -65 0 0 CREDIT CARD REBATES 0 -1,190 0 EE BENE NOM BG 85-4187449 -2,144 0 0 GRANT WRITER 0 21,250 0 INS EXP BG 85-4187449 -200 0 0 MARKET NOM BG 85-4187449 -141 0 0 MARKETING 0 17,185 0 MARKETING 141 0 0 MARKETING 53 0 0 MARKETING 120 0 0 MEETING EXP BG 85-4187449 -101 0 0 OFF NOM BG 85-4187449 -37 0 0 OTHER PROFESSIONAL SERVICES 0 9,300 0 PR TAX NOM BG 85-4187449 -3,643 0 0 TOP SPEC NOM BG 85-4187449 -89,270 0 0 TOPIC SPECIFIC EXPERTISE & DE 0 39,000 0 TOPIC SPECIFIC EXPERTISE & DE 89,270 0 0 TOPIC SPECIFIC EXPERTISE & DE 74,978 0 0 TOPIC SPECIFIC EXPERTISE & DE 6,500 0 0 TRAVEL BG 85-4187449 -1,710 0 0 WAGE NOM BUILD GAL 85-4187449 -50,451 0 0 TOTAL 23,300 85,545 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G

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