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Nonprofiteer
← VISABILITY CENTER INC

Form 990 for tax year 2024

Filed by VISABILITY CENTER INC.

Totals

Total revenue
$42
Total expenses
$1,329,397
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$42
Other revenue
$0
Total assets, end of year
$14,895,305
Total liabilities, end of year
$17,860,863
Net assets or fund balances, end of year
-$2,965,558
Program services expenses (Part IX)
$0
Management and general expenses
$1,329,397
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $42 · excluded $42

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $8,605 · management and general $8,605

  • 16 · Occupancy

    total $387,848 · management and general $387,848

  • 20 · Interest

    total $281,991 · management and general $281,991

  • 22 · Depreciation, depletion and amortization

    total $578,574 · management and general $578,574

  • 23 · Insurance

    total $63,441 · management and general $63,441

  • 24a · Other expenses: REPAIR & MAINTENANCE

    total $7,802 · management and general $7,802

  • 24b · Other expenses: NMTC FEES ON LOANS

    total $1,136 · management and general $1,136

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $623,116 · end of year $146,910

  • 2 · Savings and temporary cash investments

    beginning of year $15,169 · end of year $3,830

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

    $10,036,948

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

    $1,407,412

  • 10c · Land, buildings and equipment, net

    beginning of year $9,230,000 · end of year $8,629,536

  • 15 · Other assets

    beginning of year $6,337,724 · end of year $6,115,029

  • 23 · Secured mortgages and notes payable

    beginning of year $17,842,212 · end of year $17,860,863

  • 27 · Net assets without donor restrictions

    beginning of year -$1,636,203 · end of year -$2,965,558

Mission and programs · 2024

Mission

TO FINANCE FACILITY FOR TRAINING AND EMPLOYMENT OF PEOPLE SUFFERING VISION LOSS.

  • VISABILITY CENTER, INC. IS A WISCONSIN NONSTOCK, NONPROFIT CORPORATION ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY, COLLECTING INCOME FROM THE PROPERTY, AND TURNING INCOME OVER, LESS EXPENSES, TO BEYOND VISION, INC.

As filed on the 2024 return.

Listed in Part VII

  • James Kerlin Thru 7192024

    CHAIRMAN & CEO

    Total calculated
    $238,746
    From this org
    $0
    From related orgs
    $204,734
    Other
    $34,012
    Hours/week
    0.5 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,734 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,019 related
    Nontaxable benefits
    $0 + $13,993 related
    Filer's total
    $0 + $238,746 related
  • Rob Buettner As Of 070124

    CEO/PRESIDENT

    Total calculated
    $218,375
    From this org
    $0
    From related orgs
    $177,877
    Other
    $40,498
    Hours/week
    0.5 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,637 related
    Bonus
    $0 + $13,240 related
    Other
    $0
    Deferred
    $0 + $18,409 related
    Nontaxable benefits
    $0 + $22,089 related
    Filer's total
    $0 + $218,375 related
  • Dennis Martin

    TREASURER & SECRETARY

    Total calculated
    $202,863
    From this org
    $0
    From related orgs
    $163,829
    Other
    $39,034
    Hours/week
    0.5 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,559 related
    Bonus
    $0 + $15,270 related
    Other
    $0
    Deferred
    $0 + $16,721 related
    Nontaxable benefits
    $0 + $22,313 related
    Filer's total
    $0 + $202,863 related
  • Bill King

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Gary Goyke

    BOARD MEMBER

    Total calculated
    $17,550
    From this org
    $0
    From related orgs
    $17,550
    Other
    $0
    Hours/week
    0.5

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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.

Provenance

Return type
form_990
Tax year
2024
Filed
30 January 2026
IRS schema version
2024v5.5
Source object
202620359349300607

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