Near Vision Institute
- Assets
- $688.0
- Revenue
- $462.9k
- Investments
- $0.0
- Employees
- 13
- Location
- Bothell, WA
- Founding
- Data as of
- 12/2022
- EIN
- 87-0840183
Organization Overview
Near Vision Institute is located in Bothell, WA. As of 12/2022, Near Vision Institute employed 13 individuals. Near Vision Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NEAR VISION INSTITUTE IS FOUNDED TO EDUCATE PROVIDE EVALUATION & TREATMENT SERVICES DEVELOP TOOLS AND SUPPORT RESEARCH INTO IMPROVING NEAR VISION FUNCTION IN LITERACY TASKS IN ORDER TO TRANSFORM LIVES AND REALIZE HUMAN POTENTIAL WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING CLINICAL VISION SERVICES TO CHILDREN IN THE STATE OF WASHINGTON IS AN ESSENTIAL PART OF THE EYE CENTER. OUR PURPOSE IS TO UNDERSTAND THE ISSUES AND FIND EFFECTIVE SOLUTIONS. OUR RESEARCH REQUIRES TESTING IN REAL WORLD CONTEXTS. WE DEVELOP TOOLS AND TECHNIQUES FOR CLINICAL SETTINGS. OPERATING OUR OWN CLINIC PROVIDES THE PLACE WHERE THE TRIALS AND AGILE DEVELOPMENT CAN HAPPEN.
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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 | $387 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $387 |
| Total Program Service Revenue | $462,491 |
| Investment income | $0 |
| 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 | $462,878 |
| 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. | $57,923 |
| Compensation of current officers, directors, key employees. | $12,671 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $235,752 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,920 |
| Payroll taxes | $33,308 |
| Fees for services: Management | $16,993 |
| Fees for services: Legal | $1,714 |
| Fees for services: Accounting | $9,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,388 |
| Advertising and promotion | $0 |
| Office expenses | $5,490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,558 |
| Travel | $9,460 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $385 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,816 |
| All other expenses | $24,859 |
| Total functional expenses | $592,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $688 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $688 |
| Accounts payable and accrued expenses | $6,420 |
| 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 | $124,091 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $130,511 |
| Net assets without donor restrictions | $0 |
| 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 | -$129,823 |
| Total liabilities and net assets/fund balances | $688 |
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