Idalia Vision Foundation Incorporated
- Assets
- $1.1m
- Revenue
- $55.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Idalia, CO
- Founding
- 08/1997
- Data as of
- 12/2021
- EIN
- 84-1201506
Organization Overview
Idalia Vision Foundation Incorporated is located in Idalia, CO. The organization was established in 1997. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Idalia Vision Foundation Incorporated 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, Idalia Vision Foundation Incorporated generated $55.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $21.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL INCOME AND EXPENSES ARE DEVOTED TO BENEFIT LOCAL EDUCATIONAL PROGRAMS AND TO HELP FUND COMMUNITY PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jolynn Richards Vice President | 2 | $0 | |
Bill Carpenter Jr Treasurer | 2 | $0 | |
Roberta Mollenberg President | 2 | $0 | |
Tyson Cure Director | 2 | $0 | |
Cindy Soehner Secretary | 2 | $0 | |
Udo Foreman Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $343 |
| Interest on Savings | $4,193 |
| Dividends & Interest | $19,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,696 |
| Capital Gain Net Income | $28,696 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,613 |
| Total Revenue | $55,603 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,674 |
| Depreciation | $0 |
| Occupancy | $6,330 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $285 |
| Other expenses | $1,493 |
| Total operating and administrative expenses | $11,567 |
| Contributions, gifts, grants paid | $10,130 |
| Total expenses and disbursements | $21,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,478 |
| Savings and temporary cash investments | $936,026 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $108,880 |
| Other assets | $0 |
| Total assets | $1,052,384 |
| Accounts payable and accrued expenses | $46,067 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $46,067 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Idalia Vision Foundation Incorporated has recieved totaling $117.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $117 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Local First Arizona Foundation Phoenix, AZ | $3,232,104 | $5,988,087 |
Business Development Finance Corporation Tucson, AZ | $22,193,625 | $4,107,444 |
Phoenix Community Development And Investment Corporation Phoenix, AZ | $40,907,790 | $6,695,939 |
Metafund Corporation Edmond, OK | $30,699,805 | $2,775,325 |
Sfs Development Inc Oklahoma City, OK | $22,888,253 | $6,807,080 |
Enterprise Center Of Johnson County Overland Park, KS | $1,026,412 | $1,656,304 |
Preferred Lending Partners Denver, CO | $1,354,948 | $1,342,208 |
Belay Enterprises Inc Aurora, CO | $3,858,910 | $1,974,052 |
West Community Economic Development Corporation Denver, CO | $2,372,449 | $847,271 |
Duncan Area Economic Development Foundation Duncan, OK | $17,794,309 | $1,169,335 |
Lifting Generations Inc Sandy, UT | $0 | $1,447,141 |
Mt Carmel Inc Kansas City, KS | -$1,934,457 | $522,134 |