Civic Intelligence

Visionlink Foundation

990 • Fiscal year 2024 • EIN 86-3536181

Jul 01, 2023 to Jun 30, 2024 • Filed on Mar 28, 2025

123 S Broad Street 2135Philadelphia, PA 19109

(445) 465-2800

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$34,704,099

Up $2,610,465 (+8.1%) from 2023

Net Assets

Up

$34,619,565

Up $2,556,904 (+8.0%) from 2023

Liabilities

Up

$84,534

Up $53,561 (+173%) from 2023

Revenue And Expenses

Revenue

Up

$4,307,599

Up $2,991,584 (+227%) from 2023

Expenses

Up

$2,308,194

Up $323,795 (+16%) from 2023

Net Income

Up

$1,999,405

Up $2,667,789 (+399%) from 2023

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2022: $14,088,841Liabilities 2022: $0Net Assets 2022: $14,088,8412022Assets 2023: $32,093,634Liabilities 2023: $30,973Net Assets 2023: $32,062,6612023Assets 2024: $34,704,099Liabilities 2024: $84,534Net Assets 2024: $34,619,5652024

Highlighted filing

2024

Assets$34,704,099
Liabilities$84,534
Net Assets$34,619,565

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2022: $23,959Expenses 2022: $0Net Income 2022: $23,9592022Revenue 2023: $1,316,015Expenses 2023: $1,984,399Net Income 2023: -$668,3842023Revenue 2024: $4,307,599Expenses 2024: $2,308,194Net Income 2024: $1,999,4052024

Highlighted filing

2024

Revenue$4,307,599
Expenses$2,308,194
Net Income$1,999,405
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 28, 2025
Return Version
2023v6.0
Gross Receipts
$27,354,559
Mission and Program Overview

Mission

The primary purposes of the corporation shall be to: a) solicit, hold, manage, invest, and distribute charitable funds and real property for; and b) perform the functions of, or carryout the purposes of, visionlink, the corporation's incorporator, sole member, and a charitable tax-exempt organization described under section 501(c)(3) and 509(a)(1) of the internal revenue code.

To: a) solicit, hold, manage, invest, and distribute charitable funds and real property for; and b) perform the functions of, or carry out the purposes of, visionlink, the corporation's incorporator, sole member, and a charitable, tax exempt organization described under section 501(c)(3) and 509(a)(1) of the code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$32,056,559$34,641,216▲ $2,584,657
Rtn Earn Endowment Incm Other Fnds$32,062,661$34,619,565▲ $2,556,904
Accounts Receivable$37,075$62,204▲ $25,129
Cash and Non-Interest-Bearing Accounts$0$679▲ $679
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$32,093,634$34,704,099▲ $2,610,465
Liabilities
Other Liabilities$30,973$84,534▲ $53,561
Total Liabilities$30,973$84,534▲ $53,561
Net Assets / Fund Balance
Total Net Assets Fund Balance$32,062,661$34,619,565▲ $2,556,904
Total Liabilities and Net Assets / Fund Balance$32,093,634$34,704,099▲ $2,610,465
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$4,307,599
Other Revenue
$0
Change in Net Assets
$1,999,405
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,092,015
Other Expenses$216,179
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,092,015--$2,092,015
Fees for Service Investment Mgmnt Fees$162,615--$162,615
Fees for Services Other-$31,487-$31,487
Fees for Services Legal-$22,058-$22,058
Office Expenses-$19-$19
Total Functional Expenses$2,254,630$53,564$0$2,308,194
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
VisionlinkPhiladelphia, PA501(c)(3)Assisting All Who Are Living With Vision Loss$2,092,015
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
Due to Related Party$84,534
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The organization has approved the following procedure for the preparation, review and approval of the organization's irs 990 tax form. - the irs 990 tax document is prepared by the organization's audit firm with the assistance from the organization's chief administrative and financial officer - the organization's chief administrative and financial officer will work with the organization's president/ceo to draft / review all narrative documentation that is to be presented on the irs 990 form - once the draft of the form has been completed and undergone review by the audit firm, a copy is forwarded to the organization's chief administrative and financial officer for review. Both the president & ceo and chief administrative and financial officer will draft any recommended changes / corrections and discuss with the audit firm - a copy of the draft will be forwarded to the board chair and board treasurer for review to assure that all changes / corrections have been completed. (if there are any changes / corrections; the ceo & president / chief administrative and financial officer will be notified to contact the audit firm to make the necessary changes.) - ceo & president will officially sign off on one copy of the irs 990 along with form 8879-eo irs e-file signature authorization for an exempt organization. - chief administrative and financial officer will return the form 8879-eo to the organization's auditors so that the organization's 990 can be filed electronically with the irs. An electronic copy will be saved on the finance drive. (copies are available upon request.)

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

Conflict of interest statements are provided to board members on an annual basis. Updated statements are required from board members only if their existing information on file has changed. New board members are provided with a conflict-of-interest statement in their welcome packet and are required to submit their statements prior to the next scheduled board meeting.

Form 990, Part VI, Section C, Line 19

All organizational governing documents and financial statements are available to the public upon request. Vl's irs 990 form can be found online at guidestar.com and on charity navigator. It is also available upon request.

Filing and Contact Details

Filer

Filer Name
Visionlink Foundation
EIN
86-3536181
Phone
4454652800
Address
123 S BROAD STREET 2135, PHILADELPHIA, PA 19109

Signing Officer

Name
Karla S Mccaney
Title
Secretary
Phone
4454652800
Signed
2025-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karla S Mccaney
Formed
2021
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Kreischer Miller
Address
100 WITMER ROAD SUITE 350, HORSHAM, PA 19044-2369
Preparer
Brad Frederick
Phone
2154414600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Transfer of assets from affiliate 466,631.

Financial Statement Notes

PART X, LINE 2:

The organization is a not-for-profit corporation under section 501(c)(3) of the internal revenue code. As such, the organization will not incur any liability for federal income taxes on exempt activities; unrelated business activities were not significant during the fiscal years ended june 30, 2024 and 2023. The organization files federal form 990. With few exceptions, the organization is no longer subject to u.s. Federal or state and local income tax examinations by tax authorities for years before 2021. It is difficult to predict the final timing and resolution of any particular uncertain tax position. Management does not currently anticipate significant changes in its uncertain tax positions over the next 12 months.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, THE ORGANIZATION WILL NOT INCUR ANY LIABILITY FOR FEDERAL INCOME TAXES ON EXEMPT ACTIVITIES; UNRELATED BUSINESS ACTIVITIES WERE NOT SIGNIFICANT DURING THE FISCAL YEARS ENDED JUNE 30, 2024 AND 2023. THE ORGANIZATION FILES FEDERAL FORM 990. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2021. IT IS DIFFICULT TO PREDICT THE FINAL TIMING AND RESOLUTION OF ANY PARTICULAR UNCERTAIN TAX POSITION. MANAGEMENT DOES NOT CURRENTLY ANTICIPATE SIGNIFICANT CHANGES IN ITS UNCERTAIN TAX POSITIONS OVER THE NEXT 12 MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ASSISTING ALL WHO ARE LIVING WITH VISION LOSS
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PROVIDES OPERATING GRANT TO VISIONLINK BASED ON THE ANNUAL OPERATING BUDGET. THE FULL VISIONLINK OPERATING BUDGET IS PRESENTED TO THE VISIONLINK FOUNDATION BOARD OF DIRECTORS ANNUALLY FOR REVIEW AND APPROVAL AT THE FINAL BOARD MEETING OF THE FISCAL YEAR. THE GRANT DISBURSEMENTS ARE SIGNED BY BOTH THE VISIONLINK SECRETARY AND THE FOUNDATION TREASURER.
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IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS APPROVED THE FOLLOWING PROCEDURE FOR THE PREPARATION, REVIEW AND APPROVAL OF THE ORGANIZATION'S IRS 990 TAX FORM. - THE IRS 990 TAX DOCUMENT IS PREPARED BY THE ORGANIZATION'S AUDIT FIRM WITH THE ASSISTANCE FROM THE ORGANIZATION'S CHIEF ADMINISTRATIVE AND FINANCIAL OFFICER - THE ORGANIZATION'S CHIEF ADMINISTRATIVE AND FINANCIAL OFFICER WILL WORK WITH THE ORGANIZATION'S PRESIDENT/CEO TO DRAFT / REVIEW ALL NARRATIVE DOCUMENTATION THAT IS TO BE PRESENTED ON THE IRS 990 FORM - ONCE THE DRAFT OF THE FORM HAS BEEN COMPLETED AND UNDERGONE REVIEW BY THE AUDIT FIRM, A COPY IS FORWARDED TO THE ORGANIZATION'S CHIEF ADMINISTRATIVE AND FINANCIAL OFFICER FOR REVIEW. BOTH THE PRESIDENT & CEO AND CHIEF ADMINISTRATIVE AND FINANCIAL OFFICER WILL DRAFT ANY RECOMMENDED CHANGES / CORRECTIONS AND DISCUSS WITH THE AUDIT FIRM - A COPY OF THE DRAFT WILL BE FORWARDED TO THE BOARD CHAIR AND BOARD TREASURER FOR REVIEW TO ASSURE THAT ALL CHANGES / CORRECTIONS HAVE BEEN COMPLETED. (IF THERE ARE ANY CHANGES / CORRECTIONS; THE CEO & PRESIDENT / CHIEF ADMINISTRATIVE AND FINANCIAL OFFICER WILL BE NOTIFIED TO CONTACT THE AUDIT FIRM TO MAKE THE NECESSARY CHANGES.) - CEO & PRESIDENT WILL OFFICIALLY SIGN OFF ON ONE COPY OF THE IRS 990 ALONG WITH FORM 8879-EO IRS E-FILE SIGNATURE AUTHORIZATION FOR AN EXEMPT ORGANIZATION. - CHIEF ADMINISTRATIVE AND FINANCIAL OFFICER WILL RETURN THE FORM 8879-EO TO THE ORGANIZATION'S AUDITORS SO THAT THE ORGANIZATION'S 990 CAN BE FILED ELECTRONICALLY WITH THE IRS. AN ELECTRONIC COPY WILL BE SAVED ON THE FINANCE DRIVE. (COPIES ARE AVAILABLE UPON REQUEST.)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST STATEMENTS ARE PROVIDED TO BOARD MEMBERS ON AN ANNUAL BASIS. UPDATED STATEMENTS ARE REQUIRED FROM BOARD MEMBERS ONLY IF THEIR EXISTING INFORMATION ON FILE HAS CHANGED. NEW BOARD MEMBERS ARE PROVIDED WITH A CONFLICT-OF-INTEREST STATEMENT IN THEIR WELCOME PACKET AND ARE REQUIRED TO SUBMIT THEIR STATEMENTS PRIOR TO THE NEXT SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL ORGANIZATIONAL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. VL'S IRS 990 FORM CAN BE FOUND ONLINE AT GUIDESTAR.COM AND ON CHARITY NAVIGATOR. IT IS ALSO AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRANSFER OF ASSETS FROM AFFILIATE 466,631.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0123 S BROAD STREET SUITE 2135
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PHILADELPHIA
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IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt02308194
IRS990/TotalGrossUBIAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04307599
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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