Vision Galveston Inc
- Assets
- $1.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Galveston, TX
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 84-2769581
Organization Overview
Vision Galveston Inc is located in Galveston, TX. The organization was established in 2020. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Vision Galveston Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vision Galveston 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 12/2022, Vision Galveston Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $499.6k during the year ending 12/2022. While expenses have increased by 9.2% per year over the past 3 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 TRANSFORM GALVESTON INTO THE BEST PLACE TO LIVE, WORK, RAISE A FAMILY, AND VISIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INCUBATE GALVESTON PROGRAM IS A COLLABORATIVE INITIATIVE BACKED BY PROMINENT GALVESTON PILLARS OF ENTREPRENEURSHIP, TECHNOLOGY, INNOVATION, AND BUSINESS. INCUBATE GALVESTON'S MISSION IS TO ACCELERATE THE JOURNEY OF AN ENTREPRENEUR BY PROVIDING AWARENESS OF AND ACCESS TO OPPORTUNITIES TO CONNECT AND COLLABORATE ACROSS THE GALVESTON-HOUSTON REGION.
THE GREEN GALVESTON PROGRAM FURTHERS VISION GALVESTON'S OBJECTIVE TO MAKE GALVESTON A "HISTORIC WALKABLE GULF COAST CITY EMBEDDED IN NATURE." GREEN GALVESTON IS CREATING IMPLEMENTABLE STRATEGIES FOR IMPROVING GALVESTON'S PARKS AND NATURAL AREAS, IMPROVING PARKS AND OPEN SPACE RESILIENCE AGAINST FLOODING AND HEAT, ATTRACTING NEW RESIDENTS WITH A SET OF HIGH-QUALITY URBAN GREEN SPACES, AND CREATING CONCEPTS FOR TWO PARK SPACES AND IDENTIFYING FUNDING SOURCES.
ENGAGE GALVESTON - ENGAGE/MEASURE GALVESTON IS A COLLABORATIVE INITIATIVE LED BY VISION GALVESTON TO EMPOWER US ALL WITH THE INFORMATION WE NEED TO ACT, INDIVIDUALLY AND COLLECTIVELY, TO BUILD A GALVESTON COMMUNITY THAT PROVIDES EVERYONE THE OPPORTUNITY TO REACH THEIR FULL POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zahrah Ektefaei President | OfficerTrustee | 0.7 | $0 |
Steven Pena Vice President | OfficerTrustee | 0.7 | $0 |
Claire Reiswerg Secretary | OfficerTrustee | 0.7 | $0 |
Lindsey White Treasurer | OfficerTrustee | 0.7 | $0 |
Bert Bagley Board Member | Trustee | 0.7 | $0 |
Zurisday Briz Board Member | Trustee | 0.7 | $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 | $1,336,163 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,336,163 |
| Total Program Service Revenue | $0 |
| Investment income | $353 |
| 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 | $1,336,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $105,000 |
| Grants and other assistance to domestic individuals. | $7,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $171,745 |
| Compensation of current officers, directors, key employees. | $20,609 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,381 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,728 |
| Payroll taxes | $16,128 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $36,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,598 |
| Advertising and promotion | $5,281 |
| Office expenses | $6,091 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,330 |
| Travel | $19,609 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,033 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,983 |
| All other expenses | $7,900 |
| Total functional expenses | $499,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,323,987 |
| Pledges and grants receivable | $418,837 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $93,980 |
| Total assets | $1,836,804 |
| Accounts payable and accrued expenses | $21,206 |
| 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 | $35,786 |
| Total liabilities | $56,992 |
| Net assets without donor restrictions | $1,652,222 |
| Net assets with donor restrictions | $127,590 |
| 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 | $1,836,804 |