BETA

WARBY PARKER FOUNDATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
WARBY PARKER FOUNDATION (EIN 84-2384402)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-28
IRS object ID
202431499349301258
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-28T15:17:27-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HAN GROUP LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11020 19TH STREET NW SUITE 800AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN842384402EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WARBY PARKER IMPACT FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWARBBusinessNameControlTxt
Phone8884927297PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1233 SPRING STREET 6TH FLOOR EASTAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10013ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHANNAH KOWALSKIPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone8884927297PhoneNum
Signature2024-05-28SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstHANNAHPersonFirstNm
Person LastKOWALSKIPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJENNIFER S HANPreparerPersonNm
PTINP00633304PTIN
Phone2022937000PhoneNum
Preparation2024-05-28PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerNEIL BLUMENTHALPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1233 SPRING STREET 6TH FLOOR EASTAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10013ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,980,257GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.WARBYPARKERFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2019FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionTO PROMOTE EYE HEALTH AND EDUCATE THE PUBLIC ABOUT EYE CARE AND EYE HEALTH.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers5TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,425,307PYContributionsGrantsAmt
CY Contributions Grants$2,686,274CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$336,642PYInvestmentIncomeAmt
CY Investment Income$293,983CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,761,949PYTotalRevenueAmt
CY Total Revenue$2,980,257CYTotalRevenueAmt
PY Grants And Similar Paid$1,190,002PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,191,001CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$82,808PYOtherExpensesAmt
CY Other Expenses$107,742CYOtherExpensesAmt
PY Total Expenses$1,272,810PYTotalExpensesAmt
CY Total Expenses$1,298,743CYTotalExpensesAmt
PY Revenues Less Expenses$1,489,139PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,681,514CYRevenuesLessExpensesAmt
Total Assets BOY$12,164,577TotalAssetsBOYAmt
Total Assets EOY$14,926,547TotalAssetsEOYAmt
Total Liabilities BOY$306,519TotalLiabilitiesBOYAmt
Total Liabilities EOY$8,422TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$11,858,058NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$14,918,125NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO PROMOTE EYE HEALTH AND EDUCATE THE PUBLIC ABOUT EYE CARE AND EYE HEALTH BY (I) CONDUCTING VISION SCREENINGS, EYE EXAMS, AND OTHER EYE CARE SERVICES FOR UNDERPRIVILEGED CHILDREN AND ADULTS, (II) HELPING PEOPLE IDENTIFY AND ACCESS LOCAL EYE CARE PROVIDERS FOR ADDITIONAL CARE AND SUPPORT AND TRANSPORTING PATIENTS TO AND FROM EYE CARE APPOINTMENTS, (III) PROVIDING, MAINTAINING, AND REPAIRING EYEGLASSES FOR UNDERPRIVILEGED CHILDREN AND ADULTS, (IV) CONDUCTING CLASSES, WORKSHOPS, AWARENESS CAMPAIGNS, AND OTHER EDUCATIONAL PROGRAMS TO EDUCATE THE PUBLIC ABOUT EYE CARE AND EYE HEALTH, (V) CREATING AND DISTRIBUTING EDUCATIONAL MATERIALS RELATED TO EYE CARE AND EYE HEALTH, (VI)LOBBYING FOR ISSUES RELATED TO EYE CARE AND EYE HEALTH, (VII) CONDUCTING OR COMMISSIONING RESEARCH RELATED TO EYE CARE AND EYE HEALTH, (VIII) MAKING GRANTS TO UNDERPRIVILEGED CHILDREN AND ADULTS TO PAY FOR EYE CARE SERVICES AND PRODUCTS, AND (IX) MAKING GRANTS TO OTHER 501(C)(3) ORGANIZATIONS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,191,001ExpenseAmt
Grant$1,191,001GrantAmt
DescTHE WARBY PARKER IMPACT FOUNDATION SUPPORTED EYE HEALTH EDUCATION AND GLASSES DISTRIBUTION BY PROVIDING GRANTS TO MISSION-RELATED ORGANIZATIONS.Desc
Total Program Service Expenses$1,191,001TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RSM US LLPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2022932200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12021 L STREET NW SUITE 400AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
NEIL BLUMENTHAL
PRESIDENT0.50Yes (X)Yes (X)$0$0$0
DAVE GILBOA
TREASURER0.50Yes (X)Yes (X)$0$0$0
JOEL CUTLER
SECRETARY0.50Yes (X)Yes (X)$0$0$0
MEGAN COLLINS
BOARD MEMBER0.50Yes (X)$0$0$0
HANNAH KOWALSKI
EXECUTIVE DIRECTOR0.50Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$2,686,274AllOtherContributionsAmt
Noncash Contributions$2,660,723NoncashContributionsAmt
Total Contributions$2,686,274TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$293,983TotalRevenueColumnAmt
Exclusion$293,983ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,980,257TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$293,983ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,191,001TotalAmt
Program Services$1,191,001ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$315TotalAmt
Management And General$315ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$51,564TotalAmt
Management And General$51,564ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$52,090TotalAmt
Management And General$52,090ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,498TotalAmt
Management And General$2,498ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescTAXESDesc
Total$1,275TotalAmt
Management And General$1,275ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,298,743TotalAmt
Program Services$1,191,001ProgramServicesAmt
Management And General$107,742ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$473,517BOYAmt
EOY$150,319EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$5,000BOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$11,686,060BOYAmt
EOY$14,776,228EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$12,164,577BOYAmt
EOY$14,926,547EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$5,319BOYAmt
EOY$8,422EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$301,200BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$306,519BOYAmt
EOY$8,422EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$11,858,058BOYAmt
EOY$12,257,402EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
EOY$2,660,723EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,858,058BOYAmt
EOY$14,918,125EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$12,164,577BOYAmt
EOY$14,926,547EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,681,514ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$1,378,553NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$155,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$177,500CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$10,311,621CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,425,307CurrentTaxYearMinus1YearAmt
Current Tax Year$2,686,274CurrentTaxYearAmt
Total$15,755,702TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$155,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$177,500CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$10,311,621CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,425,307CurrentTaxYearMinus1YearAmt
Current Tax Year$2,686,274CurrentTaxYearAmt
Total$15,755,702TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$14,615,378SubstantialContributorsTotAmt
Public Support Total170$1,140,324PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$124,141CurrentTaxYearMinus1YearAmt
Current Tax Year$293,983CurrentTaxYearAmt
Total$418,124TotalAmt
FieldValueIRS element (for citing)
Total Support$16,173,826TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART II, COLUMN (A)FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION WAS ESTABLISHED IN JULY 2019, AND ITS FISCAL YEAR ENDS ON DECEMBER 31. AS A RESULT, THE ORGANIZATION HAD A SHORT-YEAR PERIOD FROM JULY TO DECEMBER 2019.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

Total Grassroots Lobbying TotalGrassrootsLobbyingGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Total Direct Lobbying TotalDirectLobbyingGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$1,298,743FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$1,298,743FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Filing Organizations Total$204,874FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Filing Organizations Total$51,219FilingOrganizationsTotalAmt

Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Current Year Minus3$30,650CurrentYearMinus3Amt
Current Year Minus2$17,517CurrentYearMinus2Amt
Current Year Minus1$202,281CurrentYearMinus1Amt
Current Year$204,874CurrentYearAmt
Total$455,322TotalAmt
FieldValueIRS element (for citing)
Lobbying Ceiling$682,983LobbyingCeilingAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Current Year Minus3$7,663CurrentYearMinus3Amt
Current Year Minus2$4,379CurrentYearMinus2Amt
Current Year Minus1$50,570CurrentYearMinus1Amt
Current Year$51,219CurrentYearAmt
Total$113,831TotalAmt
FieldValueIRS element (for citing)
Grassroots Ceiling$170,747GrassrootsCeilingAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$4,321,375TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$1,378,553NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$14,655DonatedServicesAndUseFcltsAmt
Revenue Not Reported$1,393,208RevenueNotReportedAmt
Revenue Subtotal$2,928,167RevenueSubtotalAmt
Investment Expenses Not Incld$52,090InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$52,090RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,980,257TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,261,308TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$14,655DonatedServicesUseFcltsAmt
Expenses Not Reported$14,655ExpensesNotReportedAmt
Expenses Subtotal$1,246,653ExpensesSubtotalAmt
Investment Expenses Not Incld2$52,090InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$52,090ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,298,743TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE FOUNDATION FOLLOWS THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN ACCOUNTING STANDARDS CODIFICATION TOPIC 740-10, INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT IS THE FOUNDATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSES. THE FOUNDATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2023 AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION ON THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. THE STATUTE OF LIMITATIONS GENERALLY REMAINS OPEN FOR THREE TAX YEARS WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE FOUNDATION FILES TAX RETURNS.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1VISION SPRING INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line130 EAST 60TH STREET SUITE 201AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd
FieldValueIRS element (for citing)
Recipient EIN311811558RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$1,191,001CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantTO SUPPORT SERVICE DELIVERY COSTS FOR VISIONSPRING'S SPECIAL PROJECTS TO DELIVER EYEGLASSESPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE FOUNDATION ENTERS INTO GRANT AGREEMENT WITH ALL GRANTEE ORGANIZATIONS IN WHICH THE GRANTEE REPRESENTS AND WARRANTS THAT IT IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), AND IS CLASSIFIED AS A PUBLIC CHARITY WITHIN THE MEANING OF SECTION 509(A) OF THE CODE, AND THAT THERE IS NO ISSUE PRESENTLY PENDING BEFORE ANY OFFICE OF THE INTERNAL REVENUE SERVICE OR OTHER COMPARABLE AUTHORITY THAT COULD RESULT IN ANY CHANGE TO GRANTEE'S STATUS UNDER SECTION 2(A). THE GRANTEE ALSO AGREES TO PROVIDE WRITTEN REPORTING TO THE FOUNDATION ON PROGRESS, OUTCOMES, AND EXPENDITURE OF FUNDS (OF WHICH GRANTEE MUST KEEP RECORDS FOR A MINIMUM TIME PERIOD AS AGREED UPON WITH THE FOUNDATION).ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$2,660,723NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationTHE FOUNDATION IS REPORTING THE NUMBER OF CONTRIBUTIONS FOR PART I, COLUMN (B).ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2NEIL BLUMENTHAL, DAVID GILBOA, AND JOEL CUTLER HAVE A BUSINESS RELATIONSHIP. JOEL CUTLER IS A BOARD MEMBER OF A CORPORATION WHERE NEIL BLUMENTHAL AND DAVID GILBOA ARE CO-EXECUTIVES.
FORM 990, PART VI, SECTION A, LINE 6THE ORGANIZATION HAS ONE INITIAL MEMBER, JAND, INC., A DELAWARE NONPROFIT CORPORATION DOING BUSINESS AS "WARBY PARKER."
FORM 990, PART VI, SECTION A, LINE 7BTHE BY-LAWS OF THE ORGANIZATION SHALL BE SUBJECT TO ALTERATION OR REPEAL, AND NEW BY-LAWS MAY BE MADE BY AN ACT OF THE MEMBERS.
FORM 990, PART VI, SECTION B, LINE 11BA COPY OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12CTHERE IS A "CONFLICT OF INTEREST" POLICY THAT ALL BOARD DIRECTORS MUST REVIEW AND SIGN. DIRECTORS ARE REQUIRED TO COMPLETE ANNUAL CONFLICT OF INTEREST DISCLOSURE, WHICH IS REVIEWED TO ENSURE COMPLIANCE. TO ENSURE THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND THAT IT DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS STATUS AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE AND ARE THE RESULT OF ARM'S-LENGTH BARGAINING; B. WHETHER ACQUISITIONS RESULT IN INUREMENT OR IMPE1MISSIBLE PRIVATE BENEFIT; C. WHETHER ALL TRANSACTIONS ARE PROPERLY RECORDED, REFLECT REASONABLE PAYMENTS FOR GOODS AND SERVICES, FURTHER ITS CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT OR IMPERMISSIBLE PRIVATE BENEFIT; AND D. WHETHER AGREEMENTS ENTERED INTO BY THE ORGANIZATION FURTHERS ITS CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT OR IMPERMISSIBLE PRIVATE BENEFIT.
FORM 990, PART VI, SECTION B, LINE 15THE ORGANIZATION DOES NOT PROVIDE COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19THE FORMS CAN BE PROVIDED UPON REQUEST, AND SUCH FORMS ARE PUBLICLY AVAILABLE VIA OTHER WEBSITES SUCH AS THE IRS WEBSITE.
FORM 990 PART XII, LINE 2CTHE BOARD OF DIRECTORS ASSUMES OVERSIGHT OF THE AUDIT PROCESS AND SELECTION OF INDEPENDENT AUDITORS. THE PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.

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