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← VISIONTRUST INTERNATIONAL INC

Form 990 for tax year 2022

Filed by VISIONTRUST INTERNATIONAL INC.

Totals

Total revenue
$2,643,248
Total expenses
$3,283,996
Contributions and grants received
$2,513,112
Grants paid
$1,355,009
Program service revenue
$0
Investment income
$0
Other revenue
$130,136
Total assets, end of year
$987,172
Total liabilities, end of year
$1,129,055
Net assets or fund balances, end of year
-$141,883
Program services expenses (Part IX)
$2,278,477
Management and general expenses
$617,972
Fundraising expenses
$387,547
Program service expenses (Part III)
$2,278,477

Program services were 69.4% 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

    $2,513,112

  • 6a · Gross rents

    real property $130,136

  • 6c · Rental income or loss

    real property $130,136

  • 6d · Net rental income or loss

    total $130,136 · related or exempt $60,135 · unrelated business $70,001

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $1,355,009 · program services $1,355,009

  • 5 · Compensation of officers, directors and key employees

    total $162,594 · program services $48,778 · management and general $48,778 · fundraising $65,038

  • 7 · Other salaries and wages

    total $637,271 · program services $416,237 · management and general $145,923 · fundraising $75,111

  • 9 · Other employee benefits

    total $68,482 · program services $39,813 · management and general $16,670 · fundraising $11,999

  • 10 · Payroll taxes

    total $58,960 · program services $34,277 · management and general $14,352 · fundraising $10,331

  • 11g · Fees: other

    total $367,787 · program services $125,932 · management and general $121,082 · fundraising $120,773

  • 12 · Advertising and promotion

    total $85,292 · program services $21,333 · fundraising $63,959

  • 13 · Office expenses

    total $12,537 · program services $7,323 · management and general $3,032 · fundraising $2,182

  • 14 · Information technology

    total $40,835 · program services $23,947 · management and general $9,820 · fundraising $7,068

  • 16 · Occupancy

    total $56,628 · program services $21,978 · management and general $28,026 · fundraising $6,624

  • 17 · Travel

    total $166,245 · program services $145,899 · management and general $11,830 · fundraising $8,516

  • 20 · Interest

    total $48,723 · management and general $48,723

  • 22 · Depreciation, depletion and amortization

    total $86,855 · program services $15,171 · management and general $67,112 · fundraising $4,572

  • 23 · Insurance

    total $18,044 · program services $3,695 · management and general $13,235 · fundraising $1,114

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $56,121 · program services $9,803 · management and general $43,364 · fundraising $2,954

  • 24b · Other expenses: BANK AND CREDIT CARD FEES

    total $44,381 · management and general $44,381

  • 24c · Other expenses: MISCELLANEOUS

    total $8,877 · program services $1,643 · management and general $646 · fundraising $6,588

  • 24d · Other expenses: PROGRAM MINISTRIES

    total $4,984 · program services $4,984

  • 24e · All other expenses

    total $4,371 · program services $2,655 · management and general $998 · fundraising $718

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $171,630 · end of year $72,583

  • 2 · Savings and temporary cash investments

    beginning of year $12,320 · end of year $13,618

  • 4 · Accounts receivable

    beginning of year $278,861 · end of year $3,199

  • 9 · Prepaid expenses and deferred charges

    beginning of year $87,586 · end of year $105,660

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

    $2,526,188

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

    $1,754,076

  • 10c · Land, buildings and equipment, net

    beginning of year $840,598 · end of year $772,112

  • 11 · Investments: publicly traded securities

    beginning of year $82,317 · end of year $20,000

  • 15 · Other assets

    beginning of year $18,370

  • 17 · Accounts payable and accrued expenses

    beginning of year $118,298 · end of year $118,374

  • 19 · Deferred revenue

    beginning of year $2,606 · end of year $1,758

  • 23 · Secured mortgages and notes payable

    beginning of year $878,472 · end of year $1,008,923

  • 27 · Net assets without donor restrictions

    beginning of year $187,976 · end of year -$554,389

  • 28 · Net assets with donor restrictions

    beginning of year $304,330 · end of year $412,506

Mission and programs · 2022

Mission

DEVELOP ORPHANED AND NEGLECTED CHILDREN INTO MATURE CHRISTIANS EQUIPPED TO LIVE IN THEIR CULTURE.

  • VISIONTRUST STRIVES TO MEET THE PHYSICAL, SPIRITUAL AND EDUCATIONAL NEEDS OF ORPHANED AND NEGLECTED CHILDREN IN ALL OF ITS PROJECTS. THE PHYSICAL AND NUTRITIONAL NEEDS ARE USUALLY MET BY PROVIDING A MEAL OR SNACK, PORTABLE WATER, AND ROUTINE HEALTH ASSESSMENTS AND EMERGENCY HEALTH CARE. THEIR EDUCATIONAL NEEDS ARE USUALLY MET THROUGH SCHOOL TUITION ASSISTANCE, TUTORING OR DAYCARE PROGRAMS. THEIR SPIRITUAL NEEDS ARE DEVELOPED THROUGH SUNDAY SCHOOL AND CLASSROOM STYLE CURRICULUMS. VISIONTRUST CURRENTLY SERVES CHILDREN AT PROJECTS IN ASIA, CENTRAL AND SOUTH AMERICA AND AFRICA.

    Expenses $2,278,477 · Grants $1,355,009

As filed on the 2022 return.

Listed in Part VII

  • Devlin Donaldson

    PRESIDENT AN

    Total calculated
    $164,712
    From this org
    $148,127
    From related orgs
    $0
    Other
    $16,585
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,127
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,013
    Nontaxable benefits
    $7,572
    Filer's total
    $164,712

  • Jeff Behan

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Rev Matt Burnett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Manuel Haro

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Betsy Mabry

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Daniel Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Smith

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1

  • Colin Strutz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 · 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202421359349301707

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