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 12/2022, Visionspring employed 20 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 12/2022, Visionspring generated $23.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $9.0m during the year ending 12/2022. While expenses have increased by 15.6% per year over the past 8 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
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 INCREASE LIFELONG EARNING, LEARNING, SAFETY, AND WELL-BEING THROUGH EYEGLASSES FOR PEOPLE VULNERABLE TO POVERTY. IN 2022, WE SCREENED 2.13M PEOPLE AND CORRECTED THE VISION OF 1.5M, PROVIDING EYEGLASSES TO 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 HAS UNLOCKED AN ESTIMATED $324M IN INCOME-EARNING POTENTIAL FOR HOUSEHOLDS LIVING ON LESS THAN $4 PER DAY. THIS MILESTONE YEAR ALSO MARKED OUR TOTAL DISTRIBUTION OF EYEGLASSES TO 10M PEOPLE SINCE THE ORGANIZATION'S FOUNDING IN 2001. AS THE PANDEMIC RECEDED IN 2022, VISIONSPRING TRANSITIONED BACK TO AN EXCLUSIVE FOCUS ON OPTICAL SERVICES AND EYEGLASSES SALES, GROWING AT A RATE OF 38% YEAR-ON-YEAR AND EXCEEDING OUR ANNUAL GOAL OF EYEGLASSES SOLD AT A RATE OF 106% ACHIEVEMENT. OUR TARGET CUSTOMERS WERE REACHED IN OVER 20 COUNTRIES, INCLUDING OUR LARGEST MARKETS IN INDIA, BANGLADESH, AND SUB-SAHARAN AFRICA. VISIONSPRING'S PROGRAM ACTIVITIES ARE IMPLEMENTED THROUGH TWO MODELS, VISION ACCESS PROGRAMS, AND INSTITUTIONAL PARTNERSHIPS. IN 2022, OUR VISION ACCESS PROGRAMS (VAP) CORRECTED THE VISION OF 652K PEOPLE IN WORKPLACES, FACTORIES, SCHOOLS, TRANSPORTATION HUBS, AND RURAL AND INFORMAL SETTLEMENTS. VISIONSPRING SPECIALIZES IN IMPROVING THE LIVELIHOODS OF WORKING-AGE ADULTS, SUCH THAT 82% OF THOSE SERVED WERE THROUGH OUR SEE TO EARN PROGRAM OF VAP'S IMPACT. OUR VISION ACCESS PROGRAMS ADVANCE OUR IMPACT ALONG THREE THEMES: SEE TO EARN, SEE TO LEARN, AND SEE TO BE SAFE. SEE TO EARN: WE PARTNER WITH PRIVATE FOUNDATIONS, GOVERNMENTS, 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 LONGEST-RUNNING PROGRAM, READING GLASSES FOR IMPROVED LIVELIHOODS (RGIL), CROSSED THE 2-MILLION-PAIRS MILESTONE AND POSTED A RECORD WITH 256K EYEGLASSES SOLD. DURING 2022, WE EXPANDED RGIL INTO NEW MARKETS, FOCUSING ON WEAVING CLUSTERS IN INDIA, COCOA REGIONS OF GHANA, AND TEA GARDENS IN KENYA. ADDITIONALLY, OUR CLEAR VISION WORKPLACES (CVW) PROGRAM, POWERED BY AN ALLIANCE OF LEADING BRANDS, DRAMATICALLY INCREASES EYEGLASSES COVERAGE RATES AMONG WORKERS WHO PRODUCE TEXTILES, GARMENTS, AND HOME GOODS. IN 2022, WE COMPLETED SCREENINGS FOR 405K WORKERS IN APPAREL AND HOME GOODS FACTORIES AND FOUND THAT 1 IN 3 WORKERS STRUGGLE WITH UNCORRECTED BLURRY VISION. SEE TO LEARN: EYEGLASSES INCREASE A STUDENT'S ABILITY TO SUCCEED IN SCHOOL, BOOSTING LEARNING OUTCOMES EQUIVALENT TO AN ADDITIONAL HALF YEAR OF SCHOOLING ON AVERAGE. IN JULY 2022, WE RESTARTED THE SEE TO LEARN PROGRAM IN INDIA WHEN SCHOOLS REOPENED FOLLOWING COVID SHUTDOWNS. IN ONE SEMESTER, WE SCREENED THE VISION OF 270K SCHOOL CHILDREN AND DISPENSED 62K PAIRS OF EYEGLASSES. SEE TO BE SAFE: EQUIPPING DRIVERS WITH EYEGLASSES ENABLES THEM TO SEE MORE CLEARLY, THEREBY MINIMIZING ROAD HAZARDS. TO LOWER THE INCIDENCE OF VEHICLE ACCIDENTS AND THE ASSOCIATED RISKS OF INJURY AND MORTALITY, 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 2022, VISIONSPRING SCREENED 84K DRIVERS AND TRANSPORT WORKERS, BRINGING OUR SEE TO BE SAFE TOTAL TO 529K SINCE 2018. 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 2022, WE SOLD 866K PAIRS OF EYEGLASSES TO OUR PARTNERS, WITH 59% DELIVERED TO INDIA, 23% DELIVERED TO OUR AFRICA-KEY MARKETS, AND 18% DELIVERED TO PARTNERS IN OTHER COUNTRIES. IN MAY 2022, VISIONSPRING LAUNCHED OUR FIRST-EVER 'MADE IN INDIA' RANGE OF EYEGLASSES, "DARE TO MATTER." THE COLLECTION CONSISTS OF 88 FRAME STYLES DESIGNED WITH FEEDBACK FROM THOSE WHO HAVE BEEN WEARING OUR EYEGLASSES FOR YEARS SUCH AS FACTORY WORKERS, STUDENTS, DRIVERS, ARTISANS, AND MICRO ENTREPRENEURS AND INCORPORATED THEIR INPUT TO HELP SHAPE THE MOLDS USED TO MANUFACTURE THE FRAMES. TO SUPPORT VISIONSPRING'S GLOBAL REACH AND IMPACT, WE HAVE TEAM MEMBERS BASED IN MULTIPLE COUNTRIES, INCLUDING BANGLADESH, GHANA, INDIA, KENYA, NIGERIA, UGANDA, VIETNAM, AND ZAMBIA. THESE TEAMS ADVANCE OUR ORGANIZATIONAL MISSION THROUGH LOCALIZED STRATEGIES AND PARTNERSHIPS, ENSURING THAT OUR PROGRAMS ARE CULTURALLY SENSITIVE AND EFFECTIVE. ADDITIONALLY, OUR SUPPORT OFFICE IN THE UNITED STATES PROVIDES ESSENTIAL BACKING, ENABLING US TO EXCEED OUR TARGETS AND CONTINUE EXPANDING OUR SCOPE. THIS INTERNATIONAL ORGANIZATIONAL STRUCTURE HAS BEEN INSTRUMENTAL IN OUR ABILITY TO DELIVER HIGH-QUALITY VISION SERVICES TO LOW-INCOME COMMUNITIES AROUND THE WORLD.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Jordan Kassalow Founder/secretary/vice Chair | OfficerTrustee | 20 | $155,250 |
Reade Fahs Chair | OfficerTrustee | 1 | $0 |
Judith Aidoo Director | Trustee | 1 | $0 |
Vipul Bhagat Director | Trustee | 1 | $0 |
Jim Brady Director | Trustee | 1 | $0 |
Andrea Coravos Director | Trustee | 0.5 | $0 |
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 | $507,608 |
All other contributions, gifts, grants, and similar amounts not included above | $23,000,774 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $23,508,382 |
Total Program Service Revenue | $0 |
Investment income | $95,619 |
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 | -$559,579 |
Miscellaneous Revenue | $0 |
Total Revenue | $23,044,422 |
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 | $3,640,472 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $798,113 |
Compensation of current officers, directors, key employees. | $65,959 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,236,653 |
Pension plan accruals and contributions | $10,594 |
Other employee benefits | $123,256 |
Payroll taxes | $135,442 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $223,658 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,311,890 |
Advertising and promotion | $203,961 |
Office expenses | $141,135 |
Information technology | $341,070 |
Royalties | $0 |
Occupancy | $60,959 |
Travel | $357,098 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $30,276 |
Interest | $15,650 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $125,780 |
Insurance | $37,203 |
All other expenses | $0 |
Total functional expenses | $8,991,343 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $8,154,989 |
Savings and temporary cash investments | $15,786,219 |
Pledges and grants receivable | $3,722,953 |
Accounts receivable, net | $647,467 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $666,067 |
Prepaid expenses and deferred charges | $11,880 |
Net Land, buildings, and equipment | $75,771 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $118,284 |
Intangible assets | $51,860 |
Other assets | $37,987 |
Total assets | $29,273,477 |
Accounts payable and accrued expenses | $851,583 |
Grants payable | $0 |
Deferred revenue | $338,025 |
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 | $0 |
Total liabilities | $1,189,608 |
Net assets without donor restrictions | $26,253,953 |
Net assets with donor restrictions | $1,829,916 |
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 | $29,273,477 |
Over the last fiscal year, Visionspring has awarded $93,122 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
ORBIS INTERNATIONAL PURPOSE: TO SUPPORT AVOIDABLE BLINDNESS PROGRAM | $33,122 |
WATERAID AMERICA INC PURPOSE: TO SUPPORT CLEAN WATER ACCESS PROGRAM | $60,000 |