Vision Charitable Trust
- Assets
- $1.7m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 14
- Location
- Parker, CO
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 48-6393123
Organization Overview
Vision Charitable Trust, operating under the name My Faith Votes INCRESE Our Time To Build, is located in Parker, CO. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, My Faith Votes INCRESE Our Time To Build employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. My Faith Votes INCRESE Our Time To Build 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, My Faith Votes INCRESE Our Time To Build generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 58.5% each year . All expenses for the organization totaled $7.9m during the year ending 12/2022. While expenses have increased by 65.7% 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
PRESENTING A BIBLICAL MINISTRY OF HOPE, ENCOURAGEMENT, STRENGTH, AND INVOLVEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISION CHARITABLE TRUST, UNDER THE D.B.A OF MY FAITH VOTES, EXECUTED EFFORTS TO INFORM, INSPIRE, AND MOTIVATE CHRISTIANS TO PARTICIPATE IN THE ELECTORAL PROCESS AS A MEANS TO INFLUENCE CULTURE. THROUGH A STRATEGY OF LEVERAGING THE INFLUENCE OF A BROAD NETWORK OF CHRISTIAN LEADERS TO USE THEIR VOICE AND THEIR NETWORK TO MOBILIZE PEOPLE OF FAITH INTO ACTION, VISION CHARITABLE TRUST WAS ABLE TO MAKE A REAL AND UNIQUE DIFFERENCE IN A VERY SHORT PERIOD OF TIME DURING THIS ELECTION PERIOD.
VISION CHARTABLE TRUST PROVIDED FINANCIAL SUPPORT FOR INDIVIDUAL MINISTRIES IN AFRICA.
VISION CHARITABLE TRUST, UNDER THE D.B.A OF INCRESE, CONTINUED ITS EFFORT OF PROVIDING FUNDING FOR THE TRAINING AND MENTORING OF PASTORS AND CHURCH LEADERS IN CENTRAL AND SOUTH AMERICA.
VISION CHARITABLE TRUST, UNDER THE D.B.A OF OUR TIME TO BUILD, CONTINUED ITS EFFORT OF PROVIDING FUNDING AND FISCAL MANAGEMENT OF THE CONSTRUCTION OF COMMUNITY CENTERS THAT ALSO FUNCTION AS CHURCHES IN RURAL THIRD WORLD SETTINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Yates Chief Executive Officer & President | OfficerTrustee | 50 | $181,948 |
Michael S Yates CFO | OfficerTrustee | 30 | $79,500 |
Sealy M Yates Chairman | OfficerTrustee | 2 | $0 |
Darryl Rosser Vice Chairman | OfficerTrustee | 2 | $0 |
Dale Kelton Trustee | Trustee | 0.5 | $0 |
Johnnie Moore Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ring Limited Llc Digital Messaging | 12/30/22 | $1,750,725 |
Action Mailers Inc Direct Mail Production | 12/30/22 | $1,520,501 |
Kael Direct Direct Mail Production | 12/30/22 | $552,649 |
Morgan Meredith And Associates Direct Mail Production | 12/30/22 | $763,357 |
Three Creative Inc Direct Mail Production | 12/30/22 | $280,449 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,017 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,265,392 |
| Noncash contributions included in lines 1a–1f | $400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,289,409 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,285 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,010 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,732 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,287,416 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,700 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $268,134 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $392,698 |
| Compensation of current officers, directors, key employees. | $63,659 |
| Compensation to disqualified persons | $200,516 |
| Other salaries and wages | $406,256 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,620 |
| Payroll taxes | $58,869 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,775 |
| Fees for services: Lobbying | $37,500 |
| Fees for services: Fundraising | $138,586 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $163,832 |
| Advertising and promotion | $701,225 |
| Office expenses | $78,738 |
| Information technology | $166,809 |
| Royalties | $0 |
| Occupancy | $6,245 |
| Travel | $111,717 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $328 |
| Interest | $219 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,677 |
| All other expenses | $2,174 |
| Total functional expenses | $7,867,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,671,946 |
| Savings and temporary cash investments | $100 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $192 |
| 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 | $1,672,238 |
| Accounts payable and accrued expenses | $174,002 |
| Grants payable | $0 |
| Deferred revenue | $116,988 |
| 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 | $290,990 |
| Net assets without donor restrictions | $1,381,248 |
| 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 | $1,672,238 |
Grants Awarded
Over the last fiscal year, Vision Charitable Trust has awarded $46,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COUNCIL FOR CHRISTIAN COLLEGE & UNIVERSITIES PURPOSE: Program support | $25,000 |
IVOTE1776 PURPOSE: Program support | $21,000 |