Vision Forward Association Foundation Inc
- Assets
- $0.0
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 03/2002
- Data as of
- 03/2021
- EIN
- 39-2040359
Organization Overview
Vision Forward Association Foundation Inc is located in Milwaukee, WI. The organization was established in 2002. According to its NTEE Classification (G41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. Vision Forward Association Foundation 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 03/2021, Vision Forward Association Foundation Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $305.2k during the year ending 03/2021. 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 SERVE AS A VEHICLE FOR RAISING AND MANAGING FUNDING USED TO SUPPORT PROGRAMS THAT SERVE AND BENEFIT INDIVIDUALS DEALING WITH BLINDNESS OR VISION IMPAIRMENT AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIDUCIARY RESPONSIBILITY: THE FOUNDATION SEEKS OUT, PROTECTS, AND MANAGES THE CUMULATIVE FUND-RAISING ASSETS THAT IT HAS ACQUIRED OVER THE YEARS TO BE USED TO SUPPORT PROGRAMS THAT SERVE AND BENEFIT INDIVIDUALS DEALING WITH BLINDNESS OR VISION IMPAIRMENT AND THEIR FAMILIES. THESE FUNDS, WHICH PRIMARILY CONSIST OF RESERVES ACQUIRED THROUGH DONATIONS AND PLANNED GIFTS, ARE HELD IN TRUST BY THE VISION FORWARD ASSOCIATION FOUNDATION.ASSURANCE OF CONTINUING MISSION: PROJECTIONS ARE THAT THE POPULATION OF PEOPLE WITH VISION LOSS IN SOUTHEASTERN WISCONSIN WILL TRIPLE OVER THE NEXT 25 YEARS. THE FOUNDATION WAS SET UP TO ENSURE ADEQUATE RESOURCES TO SUSTAIN CURRENT PROGRAMMING THAT SERVES AND BENEFITS INDIVIDUALS DEALING WITH BLINDNESS OR VISION IMPAIRMENT AND THEIR FAMILIES AND TO SUPPORT FUTURE EFFORTS TO EXPAND PROGRAMS TO MEET THE INCREASING DEMAND FOR SERVICES IN SOUTHEASTERN WISCONSIN.EFFECTIVE MARCH 31, 2021, THE FOUNDATION WAS MERGED WITH VISION FORWARD ASSOCIATION, INCORPORATED (THE ASSOCIATION) WITH THE ASSOCIATION BEING THE SURVIVING ENTITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Strelitz President | OfficerTrustee | 0.5 | $0 |
James Dobrinska Vice President | OfficerTrustee | 0.5 | $0 |
Terence Lynch Board Member | Trustee | 0.5 | $0 |
John Marek Board Member | Trustee | 0.5 | $0 |
Jill Marget Board Member | Trustee | 0.5 | $0 |
Kathleen Meyer Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $47,341 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,415,868 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,463,209 |
| Total Program Service Revenue | $0 |
| Investment income | $160,684 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $129,288 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,753,181 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $262 |
| Fees for services: Accounting | $7,401 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,885 |
| Fees for services: Other | $16,520 |
| Advertising and promotion | $0 |
| Office expenses | $7,687 |
| Information technology | $13,626 |
| Royalties | $0 |
| Occupancy | $15,000 |
| Travel | $306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $137 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,917 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $305,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |