Fostoria Vision 2020 Inc
- Assets
- $78.6k
- Revenue
- $22.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Fostoria, OH
- Founding
- 11/2003
- Data as of
- 12/2021
- EIN
- 74-3098676
Organization Overview
Fostoria Vision 2020 Inc is located in Fostoria, OH. The organization was established in 2003. According to its NTEE Classification (L81) the organization is classified as: Home Improvement & Repairs, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fostoria Vision 2020 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 12/2021, Fostoria Vision 2020 Inc generated $22.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $28.1k during the year ending 12/2021. While expenses have increased by 3.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE FOR WHICH THIS NON-PROFIT IS FORMED ARE CHARITBLE, PROVIDING FUNDING, EDUCATION AND ORGANIZATION TO IMPROVE THE QUALITY OF LIFE OF INDIVIDUAL NEEDY OR INCAPABLE RESIDENTS OF THE CITY OF FOSTORIA THROUGH VOLUNTARY TASK FORCE GROUPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY OUTREACH DIRECTLY RELATED TO THE MISSION OF VISION 2020.
TO IMPROVE THE COMMUNITY IMAGE AND QUALITY OF LIFE, WHILE WELCOMING VISITORS TO TOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Smith Vice-Chair/t | OfficerTrustee | $0 | |
Sarah Stephens Krupp President | OfficerTrustee | $0 | |
Michele Cochran Secretary | OfficerTrustee | $0 | |
Eric Keckler Trustee | Trustee | $0 | |
Vyom Patel Trustee | Trustee | $0 | |
Matt Emerine Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,377 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,449 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,826 |
| Total Program Service Revenue | $0 |
| Investment income | $12 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,061 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,924 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $8,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,871 |
| Office expenses | $60 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,200 |
| 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 | $547 |
| Insurance | $1,438 |
| All other expenses | $65 |
| Total functional expenses | $28,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,017 |
| Savings and temporary cash investments | $54,537 |
| 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 | $435 |
| Net Land, buildings, and equipment | $1,644 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $78,633 |
| 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 | $67,383 |
| Net assets with donor restrictions | $11,250 |
| 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 | $78,633 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fostoria Vision 2020 Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Henry H Geary Jr Memorial Foundation Brooklyn, OH PURPOSE: GENERAL OPERATIONS SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
People Working Cooperatively Inc Cincinnati, OH | $8,365,996 | $9,385,088 |
Midland Area Homes Inc Midland, MI | $1,332,023 | $3,716,670 |
East Akron Neighborhood Development Corporation Akron, OH | $35,988,464 | $4,723,818 |
Home Repair Services Of Kent County Inc Grand Rapids, MI | $2,849,278 | $3,292,251 |
Rebuilding Together Philadelphia Philadelphia, PA | $1,909,589 | $2,697,411 |
Home Improvement Research Institute Indianapolis, IN | $972,708 | $1,192,557 |
Northwest Pennsylvania Weatherization Inc Meadville, PA | $440,849 | $827,625 |
Near East Area Renewal Inc Indianapolis, IN | $5,123,565 | $993,916 |
Centennial Falcon Properties Inc Bowling Green, OH | $14,113,437 | $0 |
Interfaith Home Maintenance Service Inc Youngstown, OH | $0 | $522,403 |
Morrow County Services For Older Citizens Inc Mt Gilead, OH | $930,239 | $683,244 |
Mountain Outreach Program Inc Williamsburg, KY | $1,168,702 | $1,057,977 |