Vision Communications Inc
- Assets
- $1.2m
- Revenue
- $72.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Pearisburg, VA
- Founding
- 02/1990
- Data as of
- 12/2020
- EIN
- 54-1479125
Organization Overview
Vision Communications Inc is located in Pearisburg, VA. The organization was established in 1990. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vision Communications 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 12/2020, Vision Communications Inc generated $72.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $92.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Vision Communications Inc has awarded 48 individual grants totaling $1,049,303. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS CHRISTIAN RADIO BROADCASTING, AND PEOPLE WORKING IN CHRISTIAN EDUCATIONAL AND EVANGELISM OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTS CHRISTIAN RADIO BROADCASTING, AND PEOPLE WORKING IN CHRISTIAN EDUCATIONAL AND EVANGELISM OUTREACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa J Miller Officer | OfficerTrustee | 0 | $0 |
Wayne Keyton Officer | OfficerTrustee | 0 | $0 |
Kurt Aschliman Officer | OfficerTrustee | 0 | $0 |
Debra Keyton Secretary | OfficerTrustee | 0 | $0 |
Carolyn Scherer Officer | OfficerTrustee | 0 | $0 |
Hannah Aschliman Officer | OfficerTrustee | 0 | $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 | $14,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,283 |
| Total Program Service Revenue | $0 |
| Investment income | $14,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,438 |
| 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 | $72,181 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $89,902 |
| 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 | $0 |
| Fees for services: Accounting | $575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,398 |
| Advertising and promotion | $0 |
| Office expenses | $148 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $12 |
| Total functional expenses | $92,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,723 |
| 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 | $55,017 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,125,714 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,207,454 |
| 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 | $1,207,454 |
| 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 | $1,207,454 |
Grants Awarded
Over the last fiscal year, Vision Communications Inc has awarded $218,036 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Roanoke, VA PURPOSE: Assistance | $55,000 |
Colorado Springs, CO | | $48,281 |
Richmond, VA PURPOSE: Assistance | $25,017 |
LIVE THE LIFE INC PURPOSE: Assistance | $24,738 |
Roanoke, VA | | $22,500 |
Roanoke, VA PURPOSE: Assistance | $22,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Vision Communications Inc has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $25,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $25,000 |
Gentle Shepherd Charities Inc Roanoke, VA PURPOSE: General Fund | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Religious Broadcasters Washington, DC | $1,057,544 | $2,227,453 |
Daily Audio Bible Spring Hill, TN | $5,606,352 | $3,425,803 |
Gye Corp Baltimore, MD | $440,830 | $1,314,204 |
Don Shire Ministries Inc Bedford, VA | $1,411,136 | $1,174,975 |
Arrabon Richmond, VA | $1,550,749 | $2,350,562 |
Somerset Educational Broadcasting Foundation Somerset, KY | $562,912 | $918,538 |
Sage Place Inc-A Five Fold Impact Raleigh, NC | -$659 | $525,437 |
Moments Of Hope Pineville, NC | $39,536 | $523,886 |
Freedom To Lead International Cary, NC | $1,398,462 | $812,838 |
Free Life Ministries Inc Goldsboro, NC | $3,123,694 | $472,286 |
Audioverse Collegedale, TN | $1,359,066 | $874,182 |
Biblical Recorder Incorporated Cary, NC | $302,760 | $541,376 |