Project Vision Inc
- Assets
- $451.5k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 107
- Location
- Chicago, IL
- Founding
- 03/2004
- Data as of
- 08/2022
- EIN
- 20-0293881
Organization Overview
Project Vision Inc is located in Chicago, IL. The organization was established in 2004. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 08/2022, Project Vision Inc employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Vision Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Project Vision Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.6% each year . All expenses for the organization totaled $1.2m during the year ending 08/2022. While expenses have increased by 28.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROJECT: VISION'S MISSION IS TO HELP YOUTH OF CHICAGO'S CHINATOWN, BRIDGEPORT, AND SURROUNDING COMMUNITIES ACHIEVE THEIR FULL POTENTIAL BY PROVIDING THEM WITH TOOLS FOR EDUCATIONAL, PERSONAL, AND CIVIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAMS PROVIDED YOUTHS IN GRADE 6-12 WITH AFTER SCHOOL PROGRAMMING INCLUDING TUTORING, COLLEGE AND CAREER READINESS, SERVICE LEARNING, AND LEADERSHIP ACTIVITIES. THE PROGRAM STRIVES TO HELP YOUTH ACHIEVE ACADEMIC SUCCESS AND ACCESS HIGHER EDUCATION OPPORTUNITIES WHILE ALSO DEVELOPING YOUTH AS CONFIDENT, COMMUNITY-MINDED INDIVIDUALS WHO ARE EQUIPPED TO BE COMMUNITY LEADERS. THE PROGRAM ALSO FOCUSES ON HELPING YOUTHS BUILD SOCIAL AND EMOTIONAL SKILLS THROUGH ENRICHMENT PROGRAMMING IN THE ARTS AND CULTURE, SPORTS, AND SCIENCE/TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Kanich PHD Vice Chairman | OfficerTrustee | 3 | $0 |
Trang Truong-Hill Chairman | OfficerTrustee | 3 | $0 |
Adam Chan Secretary | OfficerTrustee | 3 | $0 |
Michael A Diarra CPA Cisa Treasurer | OfficerTrustee | 3 | $0 |
John R Malkinson ESQ Director | Trustee | 2 | $0 |
Eric Zhi ESQ Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $603,551 |
| All other contributions, gifts, grants, and similar amounts not included above | $598,556 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,202,107 |
| Total Program Service Revenue | $71,689 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $50,914 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,326,830 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $638,396 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,237 |
| Payroll taxes | $64,111 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,623 |
| Advertising and promotion | $0 |
| Office expenses | $614 |
| Information technology | $22,219 |
| Royalties | $0 |
| Occupancy | $52,500 |
| Travel | $14,291 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,696 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,891 |
| All other expenses | $41,937 |
| Total functional expenses | $1,176,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,301 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $284,830 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,344 |
| Net Land, buildings, and equipment | $91,363 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,688 |
| Total assets | $451,526 |
| Accounts payable and accrued expenses | $36,002 |
| Grants payable | $0 |
| Deferred revenue | $25,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $19,672 |
| Unsecured mortgages and notes payable | $50,000 |
| Other liabilities | $0 |
| Total liabilities | $131,174 |
| Net assets without donor restrictions | $281,968 |
| Net assets with donor restrictions | $38,384 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $451,526 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Project Vision Inc has recieved totaling $197,886.
| Awarding Organization | Amount |
|---|---|
Julian Grace Foundation Highland Park, IL PURPOSE: GENERAL OPERATING SUPPORT | $51,000 |
The Baxter Foundation Deerfield, IL PURPOSE: MIDDLE SCHOOL PROGRAM TEEN REACH SATURDAY STEM CAMPS | $50,000 |
New York Life Foundation New York, NY PURPOSE: EDUCATION | $25,000 |
New York Life Foundation New York, NY PURPOSE: EDUC. GENERAL | $25,000 |
Insurance Industry Charitable Foundation Inc Los Angeles, CA PURPOSE: YOUTH/EDUCATION | $22,500 |
W P & H B White Foundation Northfield, IL PURPOSE: GENERAL SUPPORT | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Jag Inc Des Moines, IA | $8,216,251 | $8,843,429 |
Braven Incorporated Chicago, IL | $18,157,055 | $13,085,158 |
Gary Comer Youth Center Chicago, IL | $1,153,650 | $6,433,696 |
Boys And Girls Club Of Dane County Inc Madison, WI | $16,863,189 | $11,374,930 |
Life Promotions Inc Appleton, WI | $2,405,715 | $5,603,353 |
Bernies Book Bank Lake Bluff, IL | $3,547,957 | $4,899,035 |
Kingdom House St Louis, MO | $3,626,338 | $5,069,438 |
Gateway Woods Family Services Inc Leo, IN | $1,086,644 | $4,316,744 |
Fishers Soccer Club Inc Noblesville, IN | $3,814,503 | $3,510,504 |
Embarc Inc Chicago, IL | $4,540,107 | $3,839,352 |
A Million Stars Inc St Louis, MO | $6,740,657 | $2,484,208 |
Horizons For Youth Chicago, IL | $2,942,053 | $2,593,417 |