Visionspring is located in New York, NY. The organization was established in 2002. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Visionspring employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visionspring 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, Visionspring generated $12.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $8.0m during the year ending 12/2021. While expenses have increased by 16.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EYEGLASSES AND VISION SCREENING TO UNDERSERVED POPULATIONS THROUGH GLOBAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISIONSPRING WORKS TO CREATE ACCESS TO AFFORDABLE EYEGLASSES, AS A POWERFUL TOOL FOR SOCIAL AND ECONOMIC DEVELOPMENT. IN 2021, WE CORRECTED THE VISION OF 1.09 MILLION PEOPLE, PROVIDING EYEGLASSES FOR LOW-INCOME EARNERS AND LEARNERS TO SEE WELL AND DO WELL. MORE THAN HALF OF THESE INDIVIDUALS RECEIVED THEIR FIRST-EVER PAIR OF EYEGLASSES. VISION CORRECTION WITH THESE EYEGLASSES UNLOCKED AN ESTIMATED $235 MILLION IN INCOME-EARNING POTENTIAL FOR HOUSEHOLDS LIVING ON LESS THAN $4 PER DAY. IN ADDITION, IN 2021, VISIONSPRING RESPONDED TO THE GLOBAL COVID PANDEMIC. WE DELIVERED 2.5 MILLION UNITS OF PERSONAL PROTECTIVE EQUIPMENT, INCLUDING MORE THAN 1,000 OXYGEN CONCENTRATORS, TO 200 HOSPITALS, CLINICS, VISION CENTERS, NON-GOVERNMENTAL ORGANIZATIONS (NGOS) AND OTHERS TO PROTECT FRONTLINE WORKERS. WE ALSO CONDUCTED COVID SAFETY AND PREVENTION CAMPAIGNS IN COMMUNITIES AND THROUGH OUR VISION OUTREACH SERVICES.VISIONSPRING'S PROGRAM ACTIVITIES CONSIST OF VISION ACCESS PROGRAMS AND INSTITUTIONAL PARTNERSHIPS. OUR VISION ACCESS PROGRAMS ADVANCES OUR IMPACT ALONG THREE THEMES: SEE TO EARN, SEE TO LEARN, AND SEE TO BE SAFE. SEE TO EARN: EYEGLASSES ENABLE WORKING AGE ADULTS TO IMPROVE THEIR PRODUCTIVITY BY 22% AND INCREASE INCOME-EARNING POTENTIAL. WE PARTNER WITH PRIVATE FOUNDATIONS, GOVERNMENT, AND CORPORATE SOCIAL RESPONSIBILITY OFFICES OF MAJOR BUSINESSES TO BRING FREE VISION SCREENING AND LOW-COST GLASSES TO ADULTS ENGAGED IN THE INFORMAL AND AGRICULTURAL ECONOMIES. UNDER SEE TO EARN, OUR READING GLASSES FOR IMPROVED LIVELIHOODS PROGRAM WITH BRAC IN BANGLADESH AND UGANDA BRINGS PRESBYOPIA SCREENINGS AND EYEGLASSES SALES TO RURAL AREAS THROUGH COMMUNITY HEALTH WORKERS. OUR CLEAR VISION WORKPLACES PROGRAM, POWERED BY AN ALLIANCE OF LEADING BRANDS, DRAMATICALLY INCREASES EYEGLASSES COVERAGE RATES AMONG WORKERS WHO PRODUCE TEXTILES, GARMENTS, AND HOME GOODS.SEE TO LEARN: EYEGLASSES INCREASE A STUDENT'S ABILITY TO SUCCESS IN SCHOOL, BOOSTING LEARNING OUTCOMES EQUIVALENT TO AN ADDITIONAL HALF YEAR OF SCHOOLING ON AVERAGE. COLLABORATING IN INDIA WITH THE NATIONAL PROGRAM FOR THE PREVENTION OF BLINDNESS AND VISION IMPAIRMENT (NPCBVI), AND WITH EDUCATION-FOCUSED NGOS, WE CONDUCT SCHOOL-BASED VISION SCREENINGS, PROVIDE EYEGLASSES FOR STUDENTS AND THEIR TEACHERS, AND TRAIN STAKEHOLDERS TO IDENTIFY CHILDREN SUSPECTED OF HAVING A VISION PROBLEM. SEE TO BE SAFE: WITH EYEGLASSES, DRIVERS CAN SEE CLEARLY AND AVOID HAZARDS ON THE ROAD. TO REDUCE THE RISK VEHICLE CRASHES AND ASSOCIATED MORTALITY AND INJURY, WE SCREEN THE VISION OF TRUCKERS, BUS DRIVERS AND ALLIED TRANSPORT WORKERS IN MAJOR TRANSIT HUBS WITH CORPORATE SPONSORS AND MINISTRY OF TRANSPORTATION PARTNERS. IN 2021, OUR VISION ACCESS PROGRAMS (VAP) CORRECTED THE VISION OF 439,000 PEOPLE IN WORKPLACES, FACTORIES, SCHOOLS, TRANSPORTATION HUBS AND RURAL AND INFORMAL SETTLEMENTS. VISIONSPRING SPECIALIZES IN REACHING WORKING AGE ADULTS, SUCH THAT 76% OF THOSE SERVED WERE THROUGH OUR SEE TO EARN PROGRAM AND 20% THROUGH THE SEE TO BE SAFE PROGRAM. WORKING WITH PARTNERS, WE SCREENED THE VISION OF A TOTAL 1.5 MILLION INDIVIDUALS.THROUGH OUR INSTITUTIONAL PARTNERSHIPS, VISIONSPRING SELLS BULK QUANTITIES OF EYEGLASSES, COUPLED WITH TRAINING AND MARKETING SUPPORT, TO OUR NETWORK OF HOSPITAL, PHARMACY, EYE CARE CENTER, NGO, AND GOVERNMENT PARTNERS. OUR PARTNERS RELY ON VISIONSPRING'S QUALITY PRODUCT, TIMELY DELIVERY, FAVORABLE PAYMENT TERMS, AND SELL-THROUGH SUPPORT TO EXPAND THEIR VISION SERVICES TO LOW-INCOME CUSTOMERS. IN 2021, WE SOLD 650,000 PAIRS OF EYEGLASSES TO OUR PARTNERS, WITH 62% DELIVERED TO PARTNERS IN INDIA AND 48% TO PARTNERS IN 19 OTHER COUNTRIES, INCLUDING OUR KEY MARKETS OF BANGLADESH, GHANA, KENYA, NIGERIA, UGANDA AND ZAMBIA.TO SUPPORT VISIONSPRING TEAM MEMBERS ADVANCE OUR ORGANIZATIONAL MISSION FROM BANGLADESH, GHANA, INDIA, KENYA, NIGERIA, UGANDA, VIETNAM, AND ZAMBIA, AS WELL AS A SUPPORT OFFICE IN THE UNITED STATES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ella Gudwin Chief Executive Officer | Officer | 40 | $211,968 |
Leena Palav Chief Operating Officer | Officer | 40 | $197,992 |
Dr Jordan Kassalow Founder/secretary/vice Chair | OfficerTrustee | 40 | $143,308 |
James Naylor Director Of Technology | 40 | $129,550 | |
Riham M Mahmoud Global Hr Director | 40 | $110,762 | |
Kristen Shaw Global Director Of Development | 40 | $110,043 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Mckenzie & Company Llc Accounting & Bookkeeping Services | 12/30/21 | $186,430 |
University Of Michigan Grant Implementation | 12/30/21 | $177,284 |
Susan Bergson Consulting & Advisory Services | 12/30/21 | $110,004 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $508,981 |
All other contributions, gifts, grants, and similar amounts not included above | $12,165,738 |
Noncash contributions included in lines 1a–1f | $7,678 |
Total Revenue from Contributions, Gifts, Grants & Similar | $12,674,719 |
Total Program Service Revenue | $190,900 |
Investment income | $31,667 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$217,606 |
Miscellaneous Revenue | $0 |
Total Revenue | $12,679,680 |
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 | $3,705,571 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $700,286 |
Compensation of current officers, directors, key employees. | $79,395 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,042,968 |
Pension plan accruals and contributions | $21,904 |
Other employee benefits | $65,309 |
Payroll taxes | $155,729 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $297,934 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,335,918 |
Advertising and promotion | $22,819 |
Office expenses | $71,595 |
Information technology | $255,890 |
Royalties | $0 |
Occupancy | $39,035 |
Travel | $128,570 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $18,997 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $50,309 |
Insurance | $18,159 |
All other expenses | $0 |
Total functional expenses | $7,997,846 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,276,903 |
Savings and temporary cash investments | $5,013,267 |
Pledges and grants receivable | $4,863,783 |
Accounts receivable, net | $338,147 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $526,307 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $19,429 |
Investments—publicly traded securities | $7,678 |
Investments—other securities | $0 |
Investments—program-related | $118,284 |
Intangible assets | $62,480 |
Other assets | $43,572 |
Total assets | $15,269,850 |
Accounts payable and accrued expenses | $473,985 |
Grants payable | $0 |
Deferred revenue | $565,082 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $200,000 |
Total liabilities | $1,239,067 |
Net assets without donor restrictions | $12,190,411 |
Net assets with donor restrictions | $1,840,372 |
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 | $15,269,850 |
Over the last fiscal year, Visionspring has awarded $93,122 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
New York, NY PURPOSE: TO SUPPORT CLEAN WATER ACCESS PROGRAM | $60,000 |
New York, NY PURPOSE: TO SUPPORT AVOIDABLE BLINDNESS PROGRAM | $33,122 |
Over the last fiscal year, we have identified 15 grants that Visionspring has recieved totaling $1,569,476.
Awarding Organization | Amount |
---|---|
The Ray And Tye Noorda Foundation Lindon, UT PURPOSE: HUMANITARIAN | $750,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $225,000 |
20 20 Quest Duluth, GA PURPOSE: SUPPORT THE ORGANIZATION'S MISSION TO AID THE BLIND AND OR VISUALLY IMPAIRED | $218,145 |
Hampshire Foundation Inc Wilmington, DE PURPOSE: OPERATIONAL SUPPORT | $200,000 |
Skoll Foundation Palo Alto, CA PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
John P And Anne Welsh Mcnulty Foundation New York, NY PURPOSE: GENERAL SUPPORT | $25,000 |
Organization Name | Assets | Revenue |
---|---|---|
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA | $99,634,192 | $14,397,650 |
Givinga Foundation Inc Wellesley, MA | $2,876,364 | $15,849,424 |
Justgive Inc Weston, CT | $5,012,575 | $11,301,311 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
The Catherine Jefferson Foundation Darien, CT | $18,987,801 | $13,741,460 |