Downtown Visions Inc
- Assets
- $2.0m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 13
- Location
- Jacksonville, FL
- Founding
- 03/1998
- Data as of
- 09/2022
- EIN
- 59-3473060
Organization Overview
Downtown Visions Inc is located in Jacksonville, FL. The organization was established in 1998. 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 09/2022, Downtown Visions Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Visions Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2022, Downtown Visions Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $2.5m during the year ending 09/2022. While expenses have increased by 10.0% 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
DOWNTOWN VISION, INC.'S PURPOSE IS TO CREATE AND SUPPORT A VIBRANT DOWNTOWN AND PROMOTE DOWNTOWN JACKSONVILLE AS AN EXCITING PLACE TO LIVE, WORK, VISIT AND INVEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MARKETING AND BUSINESS DEVELOPMENT, GUIDES/SECURITY, CLEANING, BEAUTIFICATION AND ADMINISTRATION TO THE CENTRAL BUSINESS DISTRICT OF THE CITY OF JACKSONVILLE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob A Gordon CEO | Officer | 20 | $151,778 |
Numa Saisselin Chair | OfficerTrustee | 1 | $0 |
Kerri Stewart Vice-Chair | OfficerTrustee | 1 | $0 |
Paul Davidson Treasurer | OfficerTrustee | 1 | $0 |
Oliver Barakat Secretary | OfficerTrustee | 1 | $0 |
Teresa Durand-Stuebben Past Chair | 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 | $801,731 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $801,731 |
| Total Program Service Revenue | $2,256,783 |
| Investment income | $149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$517 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,070,632 |
| 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. | $174,452 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $477,463 |
| Pension plan accruals and contributions | $2,154 |
| Other employee benefits | $89,972 |
| Payroll taxes | $64,987 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,840 |
| Advertising and promotion | $262,167 |
| Office expenses | $94,823 |
| Information technology | $35,292 |
| Royalties | $0 |
| Occupancy | $10,046 |
| Travel | $56,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,892 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,324 |
| Insurance | $10,465 |
| All other expenses | $1,944 |
| Total functional expenses | $2,549,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $411,966 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,329,358 |
| 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 | $5,911 |
| Net Land, buildings, and equipment | $162,074 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $106,347 |
| Total assets | $2,015,656 |
| Accounts payable and accrued expenses | $314,031 |
| Grants payable | $0 |
| Deferred revenue | $28,000 |
| 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 | $342,031 |
| Net assets without donor restrictions | $1,673,625 |
| 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 | $2,015,656 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Wlrn Inc Miami, FL | $36,063,616 | $13,544,758 |
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 |
Tampa Lighthouse For The Blind Inc Tampa, FL | $7,196,265 | $3,320,229 |
Lighthouse Of Broward County Inc Fort Lauderdale, FL | $8,183,594 | $3,362,411 |
Southern Council Of Optometrists Atlanta, GA | $3,597,843 | $3,344,047 |
Downtown Visions Inc Jacksonville, FL | $2,015,656 | $3,070,632 |
Center For The Visually Impaired Inc Daytona Beach, FL | $2,727,294 | $3,581,895 |
International Retinal Research Foundation Inc Birmingham, AL | $29,800,407 | $2,481,760 |
Florida Lions Conklin Centers For The Blind Inc Daytona Beach, FL | $2,435,068 | $1,186,911 |
Center For The Visually Impaired Foundation Inc Atlanta, GA | $3,998,793 | $1,342,725 |
Mana-Sota Lighthouse For The Blind Inc Sarasota, FL | $5,251,623 | $2,008,087 |