Vision Resource Center
- Assets
- $141.9k
- Revenue
- $279.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Fayetteville, NC
- Founding
- 10/1976
- Data as of
- 06/2022
- EIN
- 51-0198245
Organization Overview
Vision Resource Center is located in Fayetteville, NC. The organization was established in 1976. 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. As of 06/2022, Vision Resource Center employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vision Resource Center 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, Vision Resource Center generated $279.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $255.7k during the year ending 06/2022. While expenses have increased by 5.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES FOR THE BLIND AND VISUALLY IMPAIRED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPEDENT LIVING SKILLS, CONTINOUS TRAINING THROUGHOUT THE YEAR TO FOSTER INDEPENDENT LIVING AT HOME AND IN THE COMMUNITY. SOCIALIZATION SKILLS WITHIN THE COMMUNITY AND AMONGST PEERS. HEALTH AND WELLNESS, TO INCLUDE FOSTERING MENTAL AND PHYSICAL TRAINING TO REDUCE OCCURANCE OF OTHER AILMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Baker Chair | OfficerTrustee | 1 | $0 |
Jesse Baker Treasurer | OfficerTrustee | 1 | $0 |
Reshma Patel Beal Vice Chair | OfficerTrustee | 1 | $0 |
Jacqueline Smith Secretary | OfficerTrustee | 1 | $0 |
Terri Thomas Executive Di | OfficerTrustee | 40 | $0 |
Rick Foster Director | Trustee | 1 | $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 | $257,609 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,609 |
| Total Program Service Revenue | $0 |
| Investment income | $215 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $279,354 |
| 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 | $112,118 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,577 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $974 |
| Office expenses | $938 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,400 |
| Travel | $0 |
| 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 | $5,056 |
| Insurance | $18,644 |
| All other expenses | $18,723 |
| Total functional expenses | $255,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,508 |
| 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 | $50,213 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,200 |
| Total assets | $141,921 |
| Accounts payable and accrued expenses | $7,085 |
| 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 | $7,085 |
| Net assets without donor restrictions | $132,636 |
| Net assets with donor restrictions | $2,200 |
| 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 | $141,921 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Vision Resource Center has recieved totaling $62,665.
| Awarding Organization | Amount |
|---|---|
Cumberland Community Foundation Inc Fayetteville, NC PURPOSE: CHARITABLE GIFT | $49,448 |
Florence Rogers Charitable Trust Fayetteville, NC PURPOSE: CHRISTMAS CELEBRATIONS, FOOD, FREEZER, RACKS | $10,717 |
Thomas R & Elizabeth E Mclean Foundation Inc Fayetteville, NC PURPOSE: PROGRAM SERVICES | $2,500 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Cooperative Services For The Blind Inc Snellville, GA | $28,494,094 | $9,142,044 |
Georgia Eye Bank Inc Atlanta, GA | $18,619,601 | $6,754,621 |
Metrolina Association For The Blind Inc Charlotte, NC | $1,978,768 | $3,646,463 |
Meyer Center For Special Children Greenville, SC | $6,846,840 | $4,538,685 |
Southern Council Of Optometrists Atlanta, GA | $3,597,843 | $3,344,047 |
Conexus Richmond, VA | $2,113,559 | $3,416,760 |
Lions Volunteer Blind Industries Inc Morristown, TN | $6,170,102 | $1,326,528 |
Lions Medical Eye Bank And Research Center Of Eastern Virginia Inc Norfolk, VA | $3,467,664 | $2,434,440 |
American Council Of The Blind Inc Alexandria, VA | $5,964,246 | $2,166,772 |
Center For The Visually Impaired Foundation Inc Atlanta, GA | $3,998,793 | $1,342,725 |
National Federation Of The Blind Of South Carolina Columbia, SC | $1,828,157 | $2,000,909 |
Association For The Blind And Visually Impaired South Carolina Charleston, SC | $5,764,094 | $1,241,765 |