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Nonprofiteer
← VISION GALVESTON INC

Form 990 for tax year 2024

Filed by VISION GALVESTON INC.

Totals

Total revenue
$810,208
Total expenses
$964,938
Contributions and grants received
$805,191
Grants paid
$117,212
Program service revenue
$0
Investment income
$5,017
Other revenue
$0
Total assets, end of year
$1,352,239
Total liabilities, end of year
$185,193
Net assets or fund balances, end of year
$1,167,046
Program services expenses (Part IX)
$830,413
Management and general expenses
$106,557
Fundraising expenses
$27,968
Program service expenses (Part III)
$830,413

Program services were 86.1% 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.

  • 1f · All other contributions, gifts and grants

    $805,191

  • 1g · Noncash contributions included above

    $1,288

  • 3 · Investment income

    total $5,017 · excluded $5,017

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $102,698 · program services $102,698

  • 2 · Grants to domestic individuals

    total $14,514 · program services $14,514

  • 5 · Compensation of officers, directors and key employees

    total $174,725 · program services $139,779 · management and general $17,473 · fundraising $17,473

  • 7 · Other salaries and wages

    total $241,788 · program services $233,008 · management and general $8,780

  • 9 · Other employee benefits

    total $47,869 · program services $42,520 · management and general $2,782 · fundraising $2,567

  • 10 · Payroll taxes

    total $31,697 · program services $28,155 · management and general $1,842 · fundraising $1,700

  • 11b · Fees: legal

    total $2,646 · management and general $2,646

  • 11c · Fees: accounting

    total $30,369 · management and general $30,369

  • 11e · Fees: professional fundraising services

    total $6,085 · fundraising $6,085

  • 11g · Fees: other

    total $30,934 · program services $30,637 · management and general $154 · fundraising $143

  • 12 · Advertising and promotion

    total $2,309 · program services $2,309

  • 13 · Office expenses

    total $14,812 · program services $8,510 · management and general $6,302

  • 14 · Information technology

    total $2,077 · management and general $2,077

  • 16 · Occupancy

    total $21,434 · program services $15,950 · management and general $5,484

  • 17 · Travel

    total $29,902 · program services $11,038 · management and general $18,864

  • 19 · Conferences, conventions and meetings

    total $18,700 · program services $17,270 · management and general $1,430

  • 23 · Insurance

    total $3,058 · management and general $3,058

  • 24a · Other expenses: Engineering, consulting

    total $174,818 · program services $174,818

  • 24b · Other expenses: Dues and subscriptions

    total $14,503 · program services $9,207 · management and general $5,296

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,219,907 · end of year $1,222,285

  • 3 · Pledges and grants receivable

    beginning of year $276,044 · end of year $16,163

  • 4 · Accounts receivable

    beginning of year $4,258 · end of year $211

  • 9 · Prepaid expenses and deferred charges

    end of year $1,007

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

    $5,083

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

    $5,083

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $100,497 · end of year $105,134

  • 15 · Other assets

    beginning of year $82,673 · end of year $7,439

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,625 · end of year $27,754

  • 25 · Other liabilities

    beginning of year $21,889 · end of year $157,439

  • 27 · Net assets without donor restrictions

    beginning of year $1,278,299 · end of year $875,086

  • 28 · Net assets with donor restrictions

    beginning of year $357,566 · end of year $291,960

Mission and programs · 2024

Mission

Vision Galveston's mission is to help turn Galveston into the best place to raise a family, uncover new opportunities, and grow the economy. Vision Galveston seeks to connect that vision with the resources needed for implementation.

Activities or mission (Part I)

To transform Galveston into the best place to live, work, raise a family, and visit.

  • 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.

    Expenses $539,395 · Grants $117,212

  • 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.

    Expenses $190,994

  • 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.

    Expenses $100,024

As filed on the 2024 return.

Listed in Part VII

  • Steven Pena

    President

    Total calculated
    $0
    Hours/week
    5

  • Antonietta Quigg

    Vice President

    Total calculated
    $0
    Hours/week
    4

  • Timothy Harlin

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Jayson Levy

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Zahrah Ektefaei

    Past President

    Total calculated
    $0
    Hours/week
    2

  • Torrina Harris

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Lee Jurewitz

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Raymond Lewis

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Betty Massey

    Board member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Michael Niebuhr

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Claire Reiswerg

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Lauren Scott

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Marina Walne

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Lindsey White

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Christine Bryant

    Executive Director

    Total calculated
    $191,338
    From this org
    $174,781
    From related orgs
    $0
    Other
    $16,557
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $165,900
    Bonus
    $8,881
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,557
    Filer's total
    $191,338

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

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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.

  • Build Galveston

    501(c)(3) · Affordable housing · TX · controlled entity

    Directly controlled by Vision Galveston

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349308438

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