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Nonprofiteer
← ENVISION INC

Form 990 for tax year 2023

Filed by ENVISION INC.

Totals

Total revenue
$4,834,107
Total expenses
$2,684,795
Contributions and grants received
$0
Grants paid
$312,065
Program service revenue
$541,711
Investment income
$4,044,258
Other revenue
$248,138
Total assets, end of year
$119,935,767
Total liabilities, end of year
$31,122,819
Net assets or fund balances, end of year
$88,812,948
Program services expenses (Part IX)
$1,022,764
Management and general expenses
$1,662,031
Fundraising expenses
$0
Program service expenses (Part III)
$1,022,764

Program services were 38.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: WORKFORCE INNOVATION CENTER

    total $478,773 · related or exempt $478,773

  • 2b · Program service revenue: ENVISION CONFERENCES

    total $56,938 · related or exempt $56,938

  • 2c · Program service revenue: ENVISION UNIVERSITY

    total $6,000 · related or exempt $6,000

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $3,185,730 · unrelated business -$98 · excluded $3,185,828

  • 6a · Gross rents

    real property $268,624

  • 6b · Less rental expenses

    real property $117,229

  • 6c · Rental income or loss

    real property $151,395 · personal property $0

  • 6d · Net rental income or loss

    total $151,395 · unrelated business $5,940 · excluded $145,455

  • 7a · Gross sales of assets other than inventory

    securities $1,807,016 · other assets $158,192

  • 7b · Less cost or other basis and sales expenses

    securities $1,098,150 · other assets $8,530

  • 7c · Gain or loss

    securities $708,866 · other assets $149,662

  • 7d · Net gain or loss

    total $858,528 · excluded $858,528

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $96,743 · excluded $96,743

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $96,743

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $149,250 · program services $149,250

  • 2 · Grants to domestic individuals

    total $162,815 · program services $162,815

  • 5 · Compensation of officers, directors and key employees

    total $1,112,818 · management and general $1,112,818

  • 7 · Other salaries and wages

    total $3,635,114 · program services $2,176,298 · management and general $1,458,816

  • 8 · Pension plan contributions

    total $1,181,314 · program services $1,132,297 · management and general $49,017

  • 9 · Other employee benefits

    total $130,374 · management and general $130,374

  • 10 · Payroll taxes

    total $280,381 · program services $100,503 · management and general $179,878

  • 11b · Fees: legal

    total $343,083 · program services $77,865 · management and general $265,218

  • 11f · Fees: investment management

    total $510,000 · management and general $510,000

  • 11g · Fees: other

    total $641,164 · program services $429,834 · management and general $211,330 · fundraising $0

  • 12 · Advertising and promotion

    total $55,599 · program services $55,599

  • 13 · Office expenses

    total $258,805 · program services $169,095 · management and general $89,710

  • 14 · Information technology

    total $2,020,548 · program services $207,885 · management and general $1,812,663

  • 16 · Occupancy

    total $753,176 · program services $406,971 · management and general $346,205

  • 17 · Travel

    total $254,688 · program services $163,957 · management and general $90,731

  • 19 · Conferences, conventions and meetings

    total $18,179 · program services $15,060 · management and general $3,119

  • 22 · Depreciation, depletion and amortization

    total $2,238,437 · program services $368,159 · management and general $1,870,278

  • 23 · Insurance

    total $325,751 · program services $325,751

  • 24a · Other expenses: EMPLOYEE RECRUIT & RETENTION

    total $186,179 · program services $186,179

  • 24b · Other expenses: MEALS & ENTERTAINMENT

    total $122,841 · program services $103,568 · management and general $19,273

  • 24c · Other expenses: MARKETING & DEVELOPMENT

    total $101,425 · program services $13,595 · management and general $87,830

  • 24d · Other expenses: OVERHEAD ALLOCATION

    total -$11,994,830 · program services -$5,398,863 · management and general -$6,595,967

  • 24e · All other expenses

    total $197,684 · program services $176,946 · management and general $20,738 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,834,614 · end of year $2,618,627

  • 2 · Savings and temporary cash investments

    beginning of year $8,435,000 · end of year $6,438,000

  • 4 · Accounts receivable

    beginning of year $204,890 · end of year $189,183

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $665,310 · end of year $484,824

  • 10a · Land, buildings and equipment: cost or other basis

    $29,825,603

  • 10b · Land, buildings and equipment: accumulated depreciation

    $16,000,204

  • 10c · Land, buildings and equipment, net

    beginning of year $14,440,230 · end of year $13,825,399

  • 11 · Investments: publicly traded securities

    beginning of year $71,257,675 · end of year $79,979,784

  • 12 · Investments: other securities

    beginning of year $14,666,215 · end of year $16,399,950

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,808,924 · end of year $2,804,244

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $19,800,000 · end of year $26,587,784

  • 25 · Other liabilities

    beginning of year $9,243,255 · end of year $1,730,791

  • 27 · Net assets without donor restrictions

    beginning of year $80,651,755 · end of year $88,812,948

Mission and programs · 2023

Mission

TO IMPROVE THE QUALITY OF LIFE AND PROVIDE INSPIRATION AND OPPORTUNITY FOR PEOPLE WHO ARE BLIND AND VISUALLY IMPAIRED THROUGH EMPLOYMENT, OUTREACH, REHABILITATION, EDUCATION, AND RESEARCH.

  • ENVISION, INC. IS A SUPPORTING ORGANIZATION TO FIVE OTHER AFFILIATE 501(C)(3) CORPORATIONS: ENVISION INDUSTRIES, INC., ENVISION XPRESS, INC., ENVISION VISION REHABILITATION CENTER, INC., ENVISION DALLAS LIGHTHOUSE FOUNDATION AND ENVISION FOUNDATION, INC. ENVISION, INC. PROVIDES MANAGEMENT AND OPERATIONAL SUPPORT SERVICES TO THESE ENTITIES.

    Expenses $981,631 · Grants $312,065 · Revenue $230,543

  • ENVISION CONFERENCE: AN ANNUAL MULTIDISCIPLINARY CONFERENCE FOR LOW-VISION PROFESSIONALS IN OPTOMETRY, REHABILITATION AND RESEARCH.

    Expenses $41,133 · Revenue $14,566

As filed on the 2023 return.

Listed in Part VII

  • Albert Denny

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kathy Schlein

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Michael Monteferrante

    CEO/Director/President

    Total calculated
    $835,623
    From this org
    $744,028
    From related orgs
    $0
    Other
    $91,595
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $421,154
    Bonus
    $300,000
    Other
    $22,874
    Deferred
    $55,150
    Nontaxable benefits
    $36,445
    Filer's total
    $835,623

  • Sam Williams

    Chairman

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Bob Ring

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dan Powers

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeff MacDowell

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Larry Kimbler

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Moji Rosson

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Tyler Rutstein

    Director

    Total calculated
    $0
    Hours/week
    1

  • Wendy Crossman

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Mark Eaton

    CFO/Officer/Treasurer

    Total calculated
    $402,486
    From this org
    $346,796
    From related orgs
    $0
    Other
    $55,690
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $273,748
    Bonus
    $70,000
    Other
    $3,048
    Deferred
    $36,773
    Nontaxable benefits
    $18,917
    Filer's total
    $402,486

  • Anthony Sites

    Director, Accounting

    Total calculated
    $167,164
    From this org
    $129,134
    From related orgs
    $0
    Other
    $38,030
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,371
    Bonus
    $6,300
    Other
    $1,463
    Deferred
    $14,962
    Nontaxable benefits
    $23,068
    Filer's total
    $167,164

  • Carrie Perry

    VP, Human Resources

    Total calculated
    $245,701
    From this org
    $193,628
    From related orgs
    $0
    Other
    $52,073
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,269
    Bonus
    $25,000
    Other
    $359
    Deferred
    $20,981
    Nontaxable benefits
    $31,092
    Filer's total
    $245,701

  • Kirk Miller

    Director, Application Technology

    Total calculated
    $165,857
    From this org
    $157,757
    From related orgs
    $0
    Other
    $8,100
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,115
    Bonus
    $642
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,100
    Filer's total
    $165,857

  • Troy McKissick

    VP, Controller

    Total calculated
    $249,402
    From this org
    $193,049
    From related orgs
    $0
    Other
    $56,353
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,717
    Bonus
    $10,300
    Other
    $1,032
    Deferred
    $22,802
    Nontaxable benefits
    $33,551
    Filer's total
    $249,402

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Discretionary spending account
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments
BONUS AND INCENTIVE COMPENSATION AMOUNTS PAID BY THE ORGANIZATION ARE DETERMINED ON A DISCRETIONARY BASIS BASED ON THE EVALUATION OF THE EMPLOYEE'S PERFORMANCE AND THE ORGANIZATION'S FINANCIAL RESULTS FOR THE YEAR, ALTHOUGH NOT DIRECTLY TIED TO THE FINANCIALS BY ANY TYPE OF FIXED FORMULA.
Schedule J, Part I, Line 1a COMPENSATION BENEFITS
MICHAEL MONTEFERRANTE, PRESIDENT/CEO, HAS A DISCRETIONARY SPENDING ACCOUNT AND SOCIAL CLUB DUES PAID WHICH ARE INCLUDED IN HIS EARNINGS AND FULLY TAXABLE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ENCOM INC

    C Corporation · HOLDING COMPANY · KS

    Directly controlled by INDUSTRIES

  • ENVISION SUPPLY SOURCE INC

    C Corporation · ONLINE SUPPLY CO. · KS

    Directly controlled by ENCOM INC

Provenance

Return type
form_990
Tax year
2023
Filed
27 March 2025
IRS schema version
2023v6.0
Source object
202530869349300733

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