VISION OF CHILDREN: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- VISION OF CHILDREN (EIN 95-4271785)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-08-28
- IRS object ID
- 202442419349301709
- Schema version
- 2023v5.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-08-28T14:03:14-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 330810710 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Swenson Advisors LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 25220 Hancock Ave Suite 240 | AddressLine1Txt |
| City | Murrieta | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92562 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 954271785 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Vision of Children | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VISI | BusinessNameControlTxt |
| Phone | 8583147916 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12555 High Bluff Drive Ste 330 | AddressLine1Txt |
| City | San Diego | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92130 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Samuel A Hardage | PersonNm |
| Person Title | CEO & Chairman | PersonTitleTxt |
| Phone | 8583147916 | PhoneNum |
| Signature | 2024-08-28 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Scott Maxwell | PreparerPersonNm |
| PTIN | P00749825 | PTIN |
| Phone | 9514454700 | PhoneNum |
| Preparation | 2024-08-20 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Samuel A Hardage | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12555 High Bluff Drive Ste 330 | AddressLine1Txt |
| City | San Diego | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92130 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,112,706 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.visionofchildren.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1990 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | THE VISION OF CHILDREN FOUNDATION seeks to find a cure for inherited eye diseases. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 0 | VotingMembersIndependentCnt |
| Total Employee | 4 | TotalEmployeeCnt |
| Total Volunteers | 50 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $288,866 | PYContributionsGrantsAmt |
| CY Contributions Grants | $761,190 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,190 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,051 | CYInvestmentIncomeAmt |
| PY Other Revenue | $61,660 | PYOtherRevenueAmt |
| CY Other Revenue | -$88,534 | CYOtherRevenueAmt |
| PY Total Revenue | $351,716 | PYTotalRevenueAmt |
| CY Total Revenue | $675,707 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $217,320 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | -$290,971 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $123,403 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $184,103 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $149,324 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $64,338 | PYOtherExpensesAmt |
| CY Other Expenses | $27,840 | CYOtherExpensesAmt |
| PY Total Expenses | $405,061 | PYTotalExpensesAmt |
| CY Total Expenses | -$79,028 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$53,345 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $754,735 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $745,154 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,138,899 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $657,322 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $296,332 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $87,832 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $842,567 | NetAssetsOrFundBalancesEOYAmt |
| Mission | OUR MISSION IS TO CURE HEREDITARY CHILDHOOD BLINDNESS AND OTHER VISION DISORDERS AND TO IMPROVE THE LIVES OF VISUALLY IMPAIRED INDIVIDUALS AND THEIR FAMILIES | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | -$278,545 | ExpenseAmt |
| Grant | -$290,971 | GrantAmt |
| Desc | The Vision of Children funds researchers, in the US and internationally, who are advancing our understanding of the causes and are finding cures for inherited eye disease and vision disorders. The primary focus of our funded research has been multiple vision related medical issues. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $8,054 | ExpenseAmt |
| Desc | The Vision of Children provides information to the public and gives researchers an opportunity to arrange for collaborative research projects by hosting a biennial symposium. Additionally, through newsletters and our website, we inform the members who make up our family network. The Vision of Children provides adaptive vision aids to school districts. These computer monitors and handheld magnifiers alleviate the stress and strain that students with low vision may face when they are at school. Further, the Vision Hero Video Series are videos of inspiring young people who are able to overcome their vision challenges. Vision Heroes mentor and motivate other young people born with genetic vision disorders to persevere, pursue their goals, and reach their full potential in spite of having a vision disorder. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | -$270,491 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | Yes (1) | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 4 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 4 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 0 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Samuel A Hardage | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8583147916 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12555 High Bluff Dr Ste 330 | AddressLine1Txt |
| City | San Diego | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92130 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| Samuel A Hardage | ||||||
| CEO & Chairman | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Elizabeth Dole | ||||||
| Honorary Co-Chair | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Debora B Farber PhD | ||||||
| Chief Scientific Advisor | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Richard Alan Lewis MD MS | ||||||
| Scientific Advisor | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Daniel W Gil PhD | ||||||
| Director | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Vivian L Hardage MS | ||||||
| Director | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Jacqueline Johnson PhD | ||||||
| Director | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Stephen Moffett OD | ||||||
| Director | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Gregory I Ostrow MD | ||||||
| Director | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Richard A Schatz MD | ||||||
| Director | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Kenneth J Widder MD | ||||||
| Director | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Beth Chaney | ||||||
| Secretary | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $1,118 | MembershipDuesAmt |
| Fundraising | $608,741 | FundraisingAmt |
| All Other Contributions | $151,331 | AllOtherContributionsAmt |
| Total Contributions | $761,190 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,051 | TotalRevenueColumnAmt |
| Exclusion | $3,051 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $348,465 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $608,741 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $436,999 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$88,534 | TotalRevenueColumnAmt |
| Exclusion | -$88,534 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $675,707 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$85,483 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$290,971 | TotalAmt |
| Program Services | -$290,971 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $184,103 | TotalAmt |
| Program Services | $19,606 | ProgramServicesAmt |
| Management And General | $17,688 | ManagementAndGeneralAmt |
| Fundraising | $146,809 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,500 | TotalAmt |
| Management And General | $12,500 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,727 | TotalAmt |
| Management And General | $252 | ManagementAndGeneralAmt |
| Fundraising | $2,475 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,002 | TotalAmt |
| Management And General | $2,002 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79 | TotalAmt |
| Management And General | $79 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,111 | TotalAmt |
| Management And General | $1,111 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $396 | TotalAmt |
| Management And General | $396 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|---|
| Other expenses | $8,151 | $8,111 | $40 | |
| Project Vision Aid | $874 | $874 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$79,028 | TotalAmt |
| Program Services | -$270,491 | ProgramServicesAmt |
| Management And General | $42,139 | ManagementAndGeneralAmt |
| Fundraising | $149,324 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,063 | BOYAmt |
| EOY | $359,723 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $409,614 | BOYAmt |
| EOY | $474,129 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,610 | BOYAmt |
| EOY | $24,493 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $867 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $6,665 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,111 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $5,554 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $275,000 | BOYAmt |
| EOY | $275,000 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $745,154 | BOYAmt |
| EOY | $1,138,899 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,083 | BOYAmt |
| EOY | $7,832 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $646,621 | BOYAmt |
| EOY | $286,000 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,618 | BOYAmt |
| EOY | $2,500 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $657,322 | BOYAmt |
| EOY | $296,332 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,168 | BOYAmt |
| EOY | $829,132 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,664 | BOYAmt |
| EOY | $13,435 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $87,832 | BOYAmt |
| EOY | $842,567 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $745,154 | BOYAmt |
| EOY | $1,138,899 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $754,735 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,111,021 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $289,840 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,102,569 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $368,731 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $761,190 | CurrentTaxYearAmt |
| Total | $3,633,351 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,111,021 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $289,840 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,102,569 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $368,731 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $761,190 | CurrentTaxYearAmt |
| Total | $3,633,351 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $47,228 | SubstantialContributorsTotAmt |
| Public Support Total170 | $3,586,123 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $318 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $422 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $348 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,190 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,051 | CurrentTaxYearAmt |
| Total | $5,329 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $3,638,680 | TotalSupportAmt |
| Public Support CY170 | 0.98560 | PublicSupportCY170Pct |
| Public Support PY170 | 0.94660 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Donor Advised Funds Held | 13435 | DonorAdvisedFundsHeldCnt |
| Donor Advised Funds Contri | $29,900 | DonorAdvisedFundsContriAmt |
| Disclosed Org Leg Ctrl | Yes (1) | DisclosedOrgLegCtrlInd |
| Disclosed For Charitable Prps | Yes (1) | DisclosedForCharitablePrpsInd |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,665 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,111 | DepreciationAmt |
| Book Value | $5,554 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $5,554 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Investment in Sydnexis, Inc. | Desc |
| Book Value | $275,000 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $275,000 | TotalBookValueProgramRltdAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $1,160,935 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $485,228 | OtherRevenueAmt |
| Revenue Not Reported | $485,228 | RevenueNotReportedAmt |
| Revenue Subtotal | $675,707 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $675,707 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $357,971 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $436,999 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $436,999 | ExpensesNotReportedAmt |
| Expenses Subtotal | -$79,028 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | -$79,028 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part X, Line 2: | The Organization uses a loss contingencies approach for evaluating uncertain tax positions and continually evaluates changes in tax law and new authoritative rulings. No loss contingencies were recognized for the year ended December 31, 2021. The Organization's federal exempt organization returns for tax years 2017 and beyond remain subject to examination by the Internal Revenue Service. The Organization's exempt organization returns of the tax years 2016 and beyond remain subject to examination by the Franchise Tax Board. The Organization did not have unrecognized tax benefits as of December 31, 2021 and does not expect this to change significantly over the next 12 months. The Organization recognizes interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. As of December 31, 2021, the Organization has not accrued interest or penalties related to uncertain tax positions. |
| Schedule D Part XI, 2d | Contra revenue - Special event expense: $436,999 Net Assets released from restriction: $78,129 Restricted Contributions: -$29,900 |
| Schedule D Part XII, 2d | Special Event Expenses $436,999 |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Raise the Paddle | Event1Nm |
| Gross Receipts Event1 | $183,800 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $183,800 | GrossRevenueEvent1Amt |
| Event2 | Silent Auction | Event2Nm |
| Gross Receipts Event2 | $73,575 | GrossReceiptsEvent2Amt |
| Gross Revenue Event2 | $73,575 | GrossRevenueEvent2Amt |
| Other Events Total | 2 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $91,090 | GrossReceiptsOtherEventsAmt |
| Gross Revenue Other Events | $91,090 | GrossRevenueOtherEventsAmt |
| Gross Receipts Total | $348,465 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $348,465 | GrossRevenueTotalEventsAmt |
| Net Income Summary | $348,465 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| The Regents of the University of CA UCSD | ||||||||
| 9500 Gilman DR | La Jolla | CA | 92093 | 956006144 | 501(c)(3) | $64,650 | $0 | Research for a cure to childhood blindness |
| UCLA | ||||||||
| 405 Hilgard Avenue | Los angeles | CA | 90095 | 956006143 | 501(c)(3) | -$355,621 | $0 | Refund: Research for a cure to childhood blindness |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The Organization provides research grants to Ph.D.'s who are dedicated to finding cures for blindness and other vision disorders. A grantee's eligibility is determined by the Board before a grant is approved. Grants are paid quarterly and are used to fund specific scientific research expenses as enumerated in the grant proposal. It is a requirement of the grant that the grantee provide the Organization with quarterly reports on the progress in order for the grantee to continue to receive funding. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| Sydnexis Inc | |||
| Owned by Board Member | $275,000 | VOC has executed an agreement to help fund research concerning treatments for childhood myopia. In exchange for providing this funding, VOC will be issued common stock in Sydnexis, Inc. and a royalty interest based on net sales. | 0 |
| Board Members Contributions | |||
| Directors of the Organization's Board | $30,797 | During 2023, members of the Organization's Board of Directors and related party donated $30,797. | 0 |
| UCLA | |||
| Research institute that employs a member of the Organization's BOD | $345,251 | Grants payable to related party as of December 31, 2022 was written off in 2023 (see Note 3), resulting in $345,251 reversal of Vision research expenses with related party in 2023 | 0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 2 | Kenneth Widder and Jacqueline Johnson are married. Sam & Vivian Hardage are married. |
| Form 990, Part VI, Section A, line 8b | There are no committees |
| Form 990, Part VI, Section B, line 11b | THE FORM 990 IS DRAFTED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. THE DRAFT IS THEN DISTRIBUTED TO THE CHAIRMAN OF THE BOARD AND HIS ACCOUNTING STAFF FOR REVIEW. THE FINAL VERSION OF FORM 990 IS DISTRIBUTED TO THE BOARD FOR REVIEW BEFORE FILING. |
| Form 990, Part VI, Section B, line 12c | AT EACH BOARD MEETING, THE CONFLICT OF INTEREST POLICY IS DISCUSSED AND REVIEWED. THE POLICY IS ALSO REVIEWED AND DISCUSSED WITH EACH EMPLOYEE, AS PART OF THEIR REVIEW, COMPLETED EVERY SIX MONTHS. |
| Form 990, Part VI, Section B, line 15b | COMPENSATION OF KEY EMPLOYEES IS DETERMINED OR REVIEWED BY THE CHAIRMAN. COMPENSATION IS DETERMINED WITH REGARD TO COMPENSATION PAID TO SIMILAR EXECUTIVES OF COMPARABLE NON-PROFITS. |
| Form 990, Part VI, Section C, line 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE TO THE PUBLIC UPON REQUEST AS WELL AS VIA THE ORGANIZATION'S WEBSITE. |
| Part XII, Line 2C Explanation | The Chairman of the Board and the Accounting Staff assumes responsibility for the oversight of the audit of its financial statements and selection of an independent certified public accounting firm. During the calendar year 2022, the Organization did not change its oversight or selection process. |
Comments