Pennsylvania Vision Foundation
- Assets
- $1.5m
- Revenue
- $187.4k
- Investments
- $1.4m
- Employees
- 0
- Location
- Carnegie, PA
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 20-8272736
Organization Overview
Pennsylvania Vision Foundation is located in Carnegie, PA. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennsylvania Vision Foundation 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 12/2021, Pennsylvania Vision Foundation generated $187.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $239.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Pennsylvania Vision Foundation has awarded 32 individual grants totaling $791,567. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE FOUNDATION PROVIDES FREE OF CHARGE EYE EXAMS, LENSES & FRAMES TO NEEDY INDIVIDUALS WHO ARE IDENTIFIED & REFERRED TO THE FOUNDATION BY OTHER CHARITABLE ORGANIZATIONS.
VARIOUS CASH GRANTS TO OTHER CHARITABLE ORGANIZATIONS TO IMPROVE VISION HEALTH AND SUPPORT INDIVIDUALS WITH VISION IMPAIRMENTS. SEE PART XV FOR FURTHER DETAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew L Leitzel Director/executive Director | 0 | $36,600 | |
Susan M Overton Director | 0 | $0 | |
Brian A Black Director | 0 | $0 | |
Lewis A Carrarini Director | 0 | $0 | |
Marcus M Devlin Director | 0 | $0 | |
Kristin A O'connor Director/secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $3 |
| Dividends & Interest | $28,859 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,520 |
| Capital Gain Net Income | $58,520 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $187,382 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,797 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $3,374 |
| Other expenses | $102 |
| Total operating and administrative expenses | $43,873 |
| Contributions, gifts, grants paid | $195,222 |
| Total expenses and disbursements | $239,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,471 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,491,411 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Pennsylvania Vision Foundation has awarded $195,222 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Carnegie, PA PURPOSE: REIMBURSEMENT FOR VISION EXAMS, LENSES, AND FRAMES | $94,396 |
Elkins Park, PA PURPOSE: MOBILE EYECARE EQUIPMENT | $50,000 |
Summerdale, PA PURPOSE: OPTHALMIC LAB | $27,326 |
Pittsburgh, PA PURPOSE: OPTICAL ASSISTANCE FUND | $20,000 |
VOLUNTEERS IN MEDICINE-WILKES BARRE PURPOSE: GENERAL SUPPORT | $2,500 |
Mechanicsburg, PA PURPOSE: ADULT HOMEBOUND PROGRAM SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |