Envision Industries Inc
- Assets
- $45.7m
- Revenue
- $16.3m
- Investments
- $1.0m
- Employees
- 176
- Location
- Wichita, KS
- Founding
- 03/1952
- Data as of
- 06/2022
- EIN
- 48-0543705
Organization Overview
Envision Industries Inc is located in Wichita, KS. The organization was established in 1952. According to its NTEE Classification (P86) the organization is classified as: Blind & Visually Impaired Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Envision Industries Inc employed 176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Envision Industries 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 06/2022, Envision Industries Inc generated $16.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $15.8m during the year ending 06/2022. 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 IMPROVE THE QUALITY OF LIFE AND PROVIDE INSPIRATION AND OPPORTUNITY FOR PEOPLE WHO ARE BLIND AND VISUALLY IMPAIRED THROUGH EMPLOYMENT, SEE SCHEDULE O FOR CONINUATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH THE MANUFACTURING OF PRODUCTS MADE BY INDIVIDUALS WHO ARE BY MAJORITY BLIND OR VISUALLY IMPAIRED, THE AGENCY IS ABLE TO PROVIDE VOCATIONAL ADJUSTMENT, TRAINING AND EMPLOYMENT FOR INDIVIDUALS WHO ARE BLIND OR VISUALLY IMPAIRED.
THROUGH COMMERCIAL PRINTING, THE AGENCY IS ABLE TO PROVIDE VOCATIONAL ADJUSTMENT, TRAINING AND EMPLOYMENT FOR INDIVIDUALS WHO ARE BLIND OR VISUALLY IMPAIRED.
THROUGH THE WORK ACTIVITY PROGRAM, THE AGENCY IS ABLE TO PROVIDE TRAINING IN ADULT LIVING SKILLS AND ENHANCE PERSONAL INDEPENDENCE FOR INDIVIDUALS WHO ARE BLIND OR VISUALLY IMPAIRED ALONG WITH OTHER SEVERE DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Hyser Vp, Bus. Dev. & Fed. Affairs | 40 | $195,113 | |
Barney Macari General Manager | Officer | 40 | $183,730 |
Paul Parks Sr. Director Of Safety, Qa | 40 | $117,889 | |
Margie Bradley Plant Manager | 40 | $111,251 | |
Bikash Gupta Sr. Financial Analyst | 40 | $107,038 | |
Michael Monteferrante Ceo/director/president | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,328,663 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,328,663 |
| 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. | $225,653 |
| Compensation of current officers, directors, key employees. | $225,653 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,645,809 |
| Pension plan accruals and contributions | $329,219 |
| Other employee benefits | $1,234,219 |
| Payroll taxes | $544,234 |
| Fees for services: Management | $1,926,666 |
| 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 | $83,609 |
| Advertising and promotion | $14,675 |
| Office expenses | $146,233 |
| Information technology | $12,800 |
| Royalties | $0 |
| Occupancy | $317,263 |
| Travel | $30,271 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $392,072 |
| Insurance | $105,955 |
| All other expenses | $10,872 |
| Total functional expenses | $15,814,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$7,358 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,154,618 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,383,341 |
| Prepaid expenses and deferred charges | $347,446 |
| Net Land, buildings, and equipment | $5,136,678 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,000,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,667,007 |
| Total assets | $45,681,732 |
| Accounts payable and accrued expenses | $3,361,093 |
| Grants payable | $0 |
| Deferred revenue | $4,414,243 |
| 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 | $310,819 |
| Total liabilities | $8,086,155 |
| Net assets without donor restrictions | $37,595,577 |
| 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 | $45,681,732 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Envision Industries Inc has recieved totaling $22,116.
| Awarding Organization | Amount |
|---|---|
Wichita Community Foundation Wichita, KS PURPOSE: GENERAL PURPOSES, FOR HEATHERS CAMP, BVI ADVISORS FOR MAKING CIVIC ACCESSIBLE PROJECT | $12,116 |
Servant Foundation Overland Park, KS PURPOSE: COMMUNITY DEVELOPMENT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Envision Industries Inc Wichita, KS | $45,681,732 | $16,328,663 |
Envision Inc Wichita, KS | $105,134,619 | $8,183,457 |
Envision Dallas Lighthouse Foundation Wichita, KS | $6,608,670 | $7,211,764 |
Visionserve Alliance Inc Saint Louis, MO | $608,379 | $599,346 |
National Council Of State Agencies For The Blind Inc Oklahoma City, OK | $322,280 | $0 |
Ne Foundation For Childrens Vision Lincoln, NE | $19,431 | $0 |
Shared Vision International Lincoln, NE | $464,481 | $0 |