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Nonprofiteer
← VISIONSPRING

Form 990 for tax year 2022

Filed by VISIONSPRING.

Totals

Total revenue
$23,044,422
Total expenses
$8,991,343
Contributions and grants received
$23,508,382
Grants paid
$3,640,472
Program service revenue
$0
Investment income
$95,619
Other revenue
-$559,579
Total assets, end of year
$29,273,477
Total liabilities, end of year
$1,189,608
Net assets or fund balances, end of year
$28,083,869
Program services expenses (Part IX)
$7,025,054
Management and general expenses
$1,011,047
Fundraising expenses
$955,242
Program service expenses (Part III)
$7,025,054

Program services were 78.1% 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.

  • 1e · Government grants (contributions)

    $507,608

  • 1f · All other contributions, gifts and grants

    $23,000,774

  • 3 · Investment income

    total $95,619 · excluded $95,619

  • 10a · Gross sales of inventory

    $524,641

  • 10b · Cost of goods sold

    $1,084,220

  • 10c · Net income from sales of inventory

    total -$559,579 · related or exempt -$559,579

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $3,640,472 · program services $3,640,472

  • 5 · Compensation of officers, directors and key employees

    total $798,113 · program services $619,760 · management and general $65,959 · fundraising $112,394

  • 7 · Other salaries and wages

    total $1,236,653 · program services $960,298 · management and general $102,204 · fundraising $174,151

  • 8 · Pension plan contributions

    total $10,594 · program services $4,984 · management and general $2,243 · fundraising $3,367

  • 9 · Other employee benefits

    total $123,256 · program services $75,037 · management and general $18,906 · fundraising $29,313

  • 10 · Payroll taxes

    total $135,442 · program services $88,412 · management and general $18,263 · fundraising $28,767

  • 11c · Fees: accounting

    total $223,658 · program services $161,019 · management and general $42,698 · fundraising $19,941

  • 11g · Fees: other

    total $1,311,890 · program services $364,503 · management and general $434,580 · fundraising $512,807

  • 12 · Advertising and promotion

    total $203,961 · program services $146,838 · management and general $38,938 · fundraising $18,185

  • 13 · Office expenses

    total $141,135 · program services $135,880 · management and general $3,844 · fundraising $1,411

  • 14 · Information technology

    total $341,070 · program services $263,431 · management and general $58,056 · fundraising $19,583

  • 16 · Occupancy

    total $60,959 · program services $55,775 · management and general $3,023 · fundraising $2,161

  • 17 · Travel

    total $357,098 · program services $299,883 · management and general $32,702 · fundraising $24,513

  • 19 · Conferences, conventions and meetings

    total $30,276 · program services $30,276

  • 20 · Interest

    total $15,650 · program services $15,650

  • 22 · Depreciation, depletion and amortization

    total $125,780 · program services $91,530 · management and general $34,250

  • 23 · Insurance

    total $37,203 · program services $29,829 · management and general $6,333 · fundraising $1,041

  • 24a · Other expenses: BAD DEBT

    total $113,242 · management and general $113,242

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $48,794 · program services $33,556 · management and general $8,995 · fundraising $6,243

  • 24c · Other expenses: FOREIGN EXCHANGE

    total $24,844 · management and general $24,844

  • 24d · Other expenses: MISCELLANEOUS

    total $11,253 · program services $7,921 · management and general $1,967 · fundraising $1,365

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,276,903 · end of year $8,154,989

  • 2 · Savings and temporary cash investments

    beginning of year $5,013,267 · end of year $15,786,219

  • 3 · Pledges and grants receivable

    beginning of year $4,863,783 · end of year $3,722,953

  • 4 · Accounts receivable

    beginning of year $338,147 · end of year $647,467

  • 8 · Inventories for sale or use

    beginning of year $526,307 · end of year $666,067

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $11,880

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

    $123,351

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

    $47,580

  • 10c · Land, buildings and equipment, net

    beginning of year $19,429 · end of year $75,771

  • 11 · Investments: publicly traded securities

    beginning of year $7,678 · end of year $0

  • 13 · Investments: program-related

    beginning of year $118,284 · end of year $118,284

  • 14 · Intangible assets

    beginning of year $62,480 · end of year $51,860

  • 15 · Other assets

    beginning of year $43,572 · end of year $37,987

  • 17 · Accounts payable and accrued expenses

    beginning of year $473,985 · end of year $851,583

  • 19 · Deferred revenue

    beginning of year $565,082 · end of year $338,025

  • 25 · Other liabilities

    beginning of year $200,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $12,190,411 · end of year $26,253,953

  • 28 · Net assets with donor restrictions

    beginning of year $1,840,372 · end of year $1,829,916

Mission and programs · 2022

Mission

TO PROVIDE EYEGLASSES AND VISION SCREENING TO UNDERSERVED POPULATIONS THOUGH GLOBAL PROGRAMS.

Activities or mission (Part I)

TO PROVIDE EYEGLASSES AND VISION SCREENING TO UNDERSERVED POPULATIONS THROUGH GLOBAL PROGRAMS.

  • VISIONSPRING WORKS TO INCREASE LIFELONG EARNING, LEARNING, SAFETY, AND WELL-BEING THROUGH EYEGLASSES FOR PEOPLE VULNERABLE TO POVERTY. IN 2022, WE SCREENED 2.13M PEOPLE AND CORRECTED THE VISION OF 1.5M, PROVIDING EYEGLASSES TO LOW-INCOME EARNERS AND LEARNERS TO SEE WELL AND DO WELL. MORE THAN HALF OF THESE INDIVIDUALS RECEIVED THEIR FIRST-EVER PAIR OF EYEGLASSES. VISION CORRECTION WITH THESE EYEGLASSES HAS UNLOCKED AN ESTIMATED $324M IN INCOME-EARNING POTENTIAL FOR HOUSEHOLDS LIVING ON LESS THAN $4 PER DAY. THIS MILESTONE YEAR ALSO MARKED OUR TOTAL DISTRIBUTION OF EYEGLASSES TO 10M PEOPLE SINCE THE ORGANIZATION'S FOUNDING IN 2001. AS THE PANDEMIC RECEDED IN 2022, VISIONSPRING TRANSITIONED BACK TO AN EXCLUSIVE FOCUS ON OPTICAL SERVICES AND EYEGLASSES SALES, GROWING AT A RATE OF 38% YEAR-ON-YEAR AND EXCEEDING OUR ANNUAL GOAL OF EYEGLASSES SOLD AT A RATE OF 106% ACHIEVEMENT. OUR TARGET CUSTOMERS WERE REACHED IN OVER 20 COUNTRIES, INCLUDING OUR LARGEST MARKETS IN INDIA, BANGLADESH, AND SUB-SAHARAN AFRICA. VISIONSPRING'S PROGRAM ACTIVITIES ARE IMPLEMENTED THROUGH TWO MODELS, VISION ACCESS PROGRAMS, AND INSTITUTIONAL PARTNERSHIPS. IN 2022, OUR VISION ACCESS PROGRAMS (VAP) CORRECTED THE VISION OF 652K PEOPLE IN WORKPLACES, FACTORIES, SCHOOLS, TRANSPORTATION HUBS, AND RURAL AND INFORMAL SETTLEMENTS. VISIONSPRING SPECIALIZES IN IMPROVING THE LIVELIHOODS OF WORKING-AGE ADULTS, SUCH THAT 82% OF THOSE SERVED WERE THROUGH OUR SEE TO EARN PROGRAM OF VAP'S IMPACT. OUR VISION ACCESS PROGRAMS ADVANCE OUR IMPACT ALONG THREE THEMES: SEE TO EARN, SEE TO LEARN, AND SEE TO BE SAFE. SEE TO EARN: WE PARTNER WITH PRIVATE FOUNDATIONS, GOVERNMENTS, AND CORPORATE SOCIAL RESPONSIBILITY OFFICES OF MAJOR BUSINESSES TO BRING FREE VISION SCREENING AND LOW-COST GLASSES TO ADULTS ENGAGED IN THE INFORMAL AND AGRICULTURAL ECONOMIES. UNDER SEE TO EARN, OUR LONGEST-RUNNING PROGRAM, READING GLASSES FOR IMPROVED LIVELIHOODS (RGIL), CROSSED THE 2-MILLION-PAIRS MILESTONE AND POSTED A RECORD WITH 256K EYEGLASSES SOLD. DURING 2022, WE EXPANDED RGIL INTO NEW MARKETS, FOCUSING ON WEAVING CLUSTERS IN INDIA, COCOA REGIONS OF GHANA, AND TEA GARDENS IN KENYA. ADDITIONALLY, OUR CLEAR VISION WORKPLACES (CVW) PROGRAM, POWERED BY AN ALLIANCE OF LEADING BRANDS, DRAMATICALLY INCREASES EYEGLASSES COVERAGE RATES AMONG WORKERS WHO PRODUCE TEXTILES, GARMENTS, AND HOME GOODS. IN 2022, WE COMPLETED SCREENINGS FOR 405K WORKERS IN APPAREL AND HOME GOODS FACTORIES AND FOUND THAT 1 IN 3 WORKERS STRUGGLE WITH UNCORRECTED BLURRY VISION. SEE TO LEARN: EYEGLASSES INCREASE A STUDENT'S ABILITY TO SUCCEED IN SCHOOL, BOOSTING LEARNING OUTCOMES EQUIVALENT TO AN ADDITIONAL HALF YEAR OF SCHOOLING ON AVERAGE. IN JULY 2022, WE RESTARTED THE SEE TO LEARN PROGRAM IN INDIA WHEN SCHOOLS REOPENED FOLLOWING COVID SHUTDOWNS. IN ONE SEMESTER, WE SCREENED THE VISION OF 270K SCHOOL CHILDREN AND DISPENSED 62K PAIRS OF EYEGLASSES. SEE TO BE SAFE: EQUIPPING DRIVERS WITH EYEGLASSES ENABLES THEM TO SEE MORE CLEARLY, THEREBY MINIMIZING ROAD HAZARDS. TO LOWER THE INCIDENCE OF VEHICLE ACCIDENTS AND THE ASSOCIATED RISKS OF INJURY AND MORTALITY, WE SCREEN THE VISION OF TRUCKERS, BUS DRIVERS AND ALLIED TRANSPORT WORKERS IN MAJOR TRANSIT HUBS WITH CORPORATE SPONSORS AND MINISTRY OF TRANSPORTATION PARTNERS. IN 2022, VISIONSPRING SCREENED 84K DRIVERS AND TRANSPORT WORKERS, BRINGING OUR SEE TO BE SAFE TOTAL TO 529K SINCE 2018. THROUGH OUR INSTITUTIONAL PARTNERSHIPS, VISIONSPRING SELLS BULK QUANTITIES OF EYEGLASSES, COUPLED WITH TRAINING AND MARKETING SUPPORT, TO OUR NETWORK OF HOSPITAL, PHARMACY, EYE CARE CENTER, NGO, AND GOVERNMENT PARTNERS. OUR PARTNERS RELY ON VISIONSPRING'S QUALITY PRODUCT, TIMELY DELIVERY, FAVORABLE PAYMENT TERMS, AND SELL-THROUGH SUPPORT TO EXPAND THEIR VISION SERVICES TO LOW-INCOME CUSTOMERS. IN 2022, WE SOLD 866K PAIRS OF EYEGLASSES TO OUR PARTNERS, WITH 59% DELIVERED TO INDIA, 23% DELIVERED TO OUR AFRICA-KEY MARKETS, AND 18% DELIVERED TO PARTNERS IN OTHER COUNTRIES. IN MAY 2022, VISIONSPRING LAUNCHED OUR FIRST-EVER 'MADE IN INDIA' RANGE OF EYEGLASSES, "DARE TO MATTER." THE COLLECTION CONSISTS OF 88 FRAME STYLES DESIGNED WITH FEEDBACK FROM THOSE WHO HAVE BEEN WEARING OUR EYEGLASSES FOR YEARS SUCH AS FACTORY WORKERS, STUDENTS, DRIVERS, ARTISANS, AND MICRO ENTREPRENEURS AND INCORPORATED THEIR INPUT TO HELP SHAPE THE MOLDS USED TO MANUFACTURE THE FRAMES. TO SUPPORT VISIONSPRING'S GLOBAL REACH AND IMPACT, WE HAVE TEAM MEMBERS BASED IN MULTIPLE COUNTRIES, INCLUDING BANGLADESH, GHANA, INDIA, KENYA, NIGERIA, UGANDA, VIETNAM, AND ZAMBIA. THESE TEAMS ADVANCE OUR ORGANIZATIONAL MISSION THROUGH LOCALIZED STRATEGIES AND PARTNERSHIPS, ENSURING THAT OUR PROGRAMS ARE CULTURALLY SENSITIVE AND EFFECTIVE. ADDITIONALLY, OUR SUPPORT OFFICE IN THE UNITED STATES PROVIDES ESSENTIAL BACKING, ENABLING US TO EXCEED OUR TARGETS AND CONTINUE EXPANDING OUR SCOPE. THIS INTERNATIONAL ORGANIZATIONAL STRUCTURE HAS BEEN INSTRUMENTAL IN OUR ABILITY TO DELIVER HIGH-QUALITY VISION SERVICES TO LOW-INCOME COMMUNITIES AROUND THE WORLD.

    Expenses $7,025,054 · Grants $3,640,472

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DR JORDAN KASSALOW

    FOUNDER/SECRETARY/VICE CHAIR

    Total calculated
    $155,250
    From this org
    $155,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    20 + 2 related

    Schedule J breakdown matched by us

    Base
    $155,250
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $155,250

  • READE FAHS

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 0.2 related

  • JUDITH AIDOO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VIPUL BHAGAT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.2 related

  • JIM BRADY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.2 related

  • ANDREA CORAVOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CHERYL GREENE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • KEVIN HASSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE HUNDERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CINDY LEVINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JAMIE A LEVITT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • PENNY OUTLAW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • NANCY ROSENZWEIG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HUBERT SANGIERES

    DIRECTOR (THRU SEP 2022)

    Total calculated
    $0
    Hours/week
    0.1

  • RAHUL SAXENA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.25 related

  • BRIAN TRELSTAD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELLA GUDWIN

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $262,744
    From this org
    $228,885
    From related orgs
    $0
    Other
    $33,859
    Hours/week
    40 + 15 related

    Schedule J breakdown matched by us

    Base
    $228,885
    Bonus
    $0
    Other
    $0
    Deferred
    $9,400
    Nontaxable benefits
    $24,459
    Filer's total
    $262,744

  • VIVEK RATHI

    GLOBAL VP OF FINANCE

    Total calculated
    $189,443
    From this org
    $152,233
    From related orgs
    $0
    Other
    $37,210
    Hours/week
    40 + 18 related

    Schedule J breakdown matched by us

    Base
    $152,233
    Bonus
    $0
    Other
    $0
    Deferred
    $4,853
    Nontaxable benefits
    $32,357
    Filer's total
    $189,443

  • LEENA PALAV CHIEF OPERATING

    OFFICER (THRU MAR 2022)

    Total calculated
    $190,676
    From this org
    $185,693
    From related orgs
    $0
    Other
    $4,983
    Hours/week
    40 + 20 related

    Schedule J breakdown matched by us

    Base
    $106,760
    Bonus
    $0
    Other
    $78,933
    Deferred
    $1,354
    Nontaxable benefits
    $3,629
    Filer's total
    $190,676

  • JAMES NAYLOR

    DIRECTOR OF TECHNOLOGY

    Total calculated
    $188,001
    From this org
    $155,095
    From related orgs
    $0
    Other
    $32,906
    Hours/week
    40 + 12 related

    Schedule J breakdown matched by us

    Base
    $155,095
    Bonus
    $0
    Other
    $0
    Deferred
    $2,600
    Nontaxable benefits
    $30,306
    Filer's total
    $188,001

  • HEATHER ANN KOEHN

    GLOBAL DIRECTOR, MARKETING & COMM.

    Total calculated
    $150,577
    From this org
    $135,703
    From related orgs
    $0
    Other
    $14,874
    Hours/week
    40 + 26 related

    Schedule J breakdown matched by us

    Base
    $135,703
    Bonus
    $0
    Other
    $0
    Deferred
    $208
    Nontaxable benefits
    $14,666
    Filer's total
    $150,577

  • PERRY J SELLA

    GLOBAL SUPPLY CHAIN DIRECTOR

    Total calculated
    $123,473
    From this org
    $118,390
    From related orgs
    $0
    Other
    $5,083
    Hours/week
    40 + 16 related

  • SCOTT SCHROEDER

    GLOBAL VP, RESOURCE MOBILIZATION

    Total calculated
    $101,476
    From this org
    $100,148
    From related orgs
    $0
    Other
    $1,328
    Hours/week
    40 + 6 related

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 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
THE CHIEF OPERATING OFFICER, LEENA PALAV, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $78,933 IN 2022.

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.

  • VISIONSPRING INDIA CO VISIONSPRING

    PROVIDES TECHNICAL ASSISTANCE & ADVICE REGARDING OPTICAL INTERVENTIONS · IN · controlled entity

    Directly controlled by VISIONSPRING INC

  • VISIONSPRING SOCIETY

    PROVIDES EYE-SCREENING, PRIMARY EYE-CARE SERVICES, AND EYE-HEALTH ADVICE · IN · controlled entity

    Directly controlled by VISIONSPRING INC

  • VISIONSPRING FOUNDATION CO VISIONSPRING

    PROVIDES ACCESS TO AFFORDABLE EYE CARE TO POOR & MARGINALIZED PEOPLE · IN · controlled entity

    Directly controlled by VISIONSPRING INC

  • VISIONSPRING GHANA LIMITED

    PROVIDES ACCESS TO AFFORDABLE EYE CARE TO POOR & MARGINALIZED PEOPLE · GH · controlled entity

    Directly controlled by VISIONSPRING INC

  • VISIONSPRING NIGERIA EYE HEALTH INITIATIVE COMPANY

    PROVIDES ACCESS TO AFFORDABLE EYE CARE TO POOR & MARGINALIZED PEOPLE · NI · controlled entity

    Directly controlled by VISIONSPRING INC

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.

  • VISIONSPRING PRIVATE LIMITED

    C · IMPORT, EXPORT, SALES OF OPTICAL LENSES, GLASSES & FRAMES · IN · 99.9% owned · share of income $973,206 · share of assets $1,002,626 · controlled entity

    Directly controlled by VISIONSPRING INC

  • VISIONSPRING BANGLADESH LTD

    C · SELL READING GLASSES · BG · 99.9% owned · share of income $443,226 · share of assets $274,426 · controlled entity

    Directly controlled by VISIONSPRING INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349331340

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