2024-11-12T16:45:15-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2023-01-01 311811558 VISIONSPRING INC VISI 2123555145 30 EAST 60TH STREET SUITE 201 NEW YORK NY 10022 ELLA GUDWIN CHIEF EXECUTIVE OFFICER 2123752599 2024-11-12 1 1 GARRETT M HIGGINS P00543209 2122862600 2024-11-12 2023 2024-10-15 13:58:12Z ELLA GUDWIN 30 EAST 60TH STREET SUITE 201 NEW YORK NY 10022 30033102 0 X WWW.VISIONSPRING.ORG X 2001 NY TO PROVIDE EYEGLASSES AND VISION SCREENING TO UNDERSERVED POPULATIONS THROUGH GLOBAL PROGRAMS. 16 15 17 17 0 0 23508382 9888771 0 0 95619 930312 -559579 -347877 23044422 10471206 3640472 3351860 0 0 2304058 2412435 0 0 1251379 3046813 5107635 8991343 10871930 14053079 -400724 29273477 29389184 1189608 750396 28083869 28638788 X TO PROVIDE EYEGLASSES AND VISION SCREENING TO UNDERSERVED POPULATIONS THOUGH GLOBAL PROGRAMS. 0 0 7828374 3351860 0 VISIONSPRING WORKS TO INCREASE LIFELONG EARNING, LEARNING, SAFETY, AND WELL-BEING THROUGH EYEGLASSES FOR PEOPLE VULNERABLE TO POVERTY. IN 2023, WE SCREENED MORE THAN 2.6 MILLION PEOPLE AND CORRECTED THE VISION OF NEARLY 1.9 MILLION, PROVIDING EYEGLASSES TO LOW-INCOME EARNERS AND LEARNERS SO THEY CAN SEE WELL AND DO WELL. MORE THAN HALF OF THESE INDIVIDUALS RECEIVED THEIR FIRST-EVER PAIR OF EYEGLASSES. THIS YEAR ALSO MARKED OUR TOTAL DISTRIBUTION OF EYEGLASSES TO 12 MILLION PEOPLE AND UNLOCKED AN ESTIMATED $2.6 BILLION IN INCOME-EARNING POTENTIAL FOR HOUSEHOLDS LIVING ON LESS THAN $4 PER DAY SINCE THE ORGANIZATION'S FOUNDING IN 2001.IN 2023, VISIONSPRING CONTINUED ITS FOCUS ON OPTICAL SERVICES AND EYEGLASSES SALES, GROWING AT A RATE OF 16% YEAR-ON-YEAR. 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 2023, OUR VISION ACCESS PROGRAMS (VAP) CORRECTED THE VISION OF 846,000 PEOPLE IN WORKPLACES, FACTORIES, SCHOOLS, TRANSPORTATION HUBS, AND RURAL AND INFORMAL SETTLEMENTS. VISIONSPRING SPECIALIZES IN IMPROVING THE LIVELIHOODS OF WORKING-AGE ADULTS, SUCH THAT 81% OF THOSE SERVED WERE REACHED THROUGH OUR SEE TO EARN PROGRAM, WHICH IS PART 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 SCREENINGS AND LOW-COST GLASSES TO ADULTS ENGAGED IN THE INFORMAL AND AGRICULTURAL ECONOMIES. WE DEEPENED THE MARKET PENETRATION OF OUR LONGEST-RUNNING PROGRAM, WHICH SHIFTS THE TASK OF CORRECTING BLURRY NEAR VISION TO COMMUNITY PROVIDERS. READING GLASSES FOR IMPROVED LIVELIHOODS (RGIL) EXPANDED WITH HEALTH ENTREPRENEURS IN ZAMBIA, SERVED NEW DISTRICTS WITH COMMUNITY HEALTH WORKERS IN UGANDA, AND EXTENDED INTO A NATIONWIDE NETWORK OF MICROFINANCE CLIENTS IN BANGLADESH. 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.LIVELIHOODS IN FOCUS (LIF) IS OUR STRATEGIC INITIATIVE TO DRAMATICALLY INCREASE EYEGLASSES COVERAGE RATES AND ASSOCIATED PRODUCTIVITY AND INCOME IN COMMUNITIES ENGAGED IN VISION-INTENSIVE AGRICULTURE AND ARTISAN CRAFTS. IN 2023, WE EXPANDED LIF IN ASSAM, INDIA, FOR TEA WORKERS AND IN ASHANTI, GHANA, FOR COCOA FARMERS. WE ALSO INITIATED NEW LIF PROGRAMS IN KARNATAKA, INDIA, FOR COFFEE WORKERS AND ARTISANS, AS WELL AS IN UGANDA'S TEA AND VANILLA GROWING DISTRICTS. IN TOTAL, WE BROUGHT LIVELIHOODS INTO FOCUS FOR 127,000 PEOPLE THROUGH LIF AND SET THE STAGE FOR SIGNIFICANT GROWTH IN 2024.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 2023, WE CONTINUED OUR FOCUS ON THE SEE TO LEARN PROGRAM IN INDIA, SCREENING THE VISION OF 505,000 SCHOOL CHILDREN AND DISPENSING 95,000 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. WE REPLICATED OUR SEE TO BE SAFE PROGRAM FROM INDIA TO AFRICA, LAUNCHING IN NIGERIA AND ZAMBIA IN 2023. THERE, GOVERNMENTS HAVE INCREASINGLY PRIORITIZED ROAD SAFETY TO ACHIEVE SUSTAINABLE DEVELOPMENT GOAL 3.6. WE KICKED OFF WITH PARTNER TRAINING AND WORKSHOPS TO SURFACE INNOVATIVE STRATEGIES FOR INCORPORATING VISION CORRECTION INTO NATIONAL ROAD SAFETY INITIATIVES. IN 2023, VISIONSPRING SCREENED 163,000 DRIVERS AND TRANSPORT WORKERS, BRINGING OUR SEE TO BE SAFE TOTAL TO 692,000 SINCE 2018.THROUGH OUR INSTITUTIONAL PARTNERSHIPS, VISIONSPRING SELLS BULK QUANTITIES OF EYEGLASSES, COUPLED WITH TRAINING AND MARKETING SUPPORT, TO OUR NETWORK OF HOSPITALS, PHARMACIES, EYE CARE CENTERS, NGOS, AND GOVERNMENT PARTNERS. OUR PARTNERS RELY ON VISIONSPRING'S QUALITY PRODUCTS, TIMELY DELIVERY, FAVORABLE PAYMENT TERMS, AND SELL-THROUGH SUPPORT TO EXPAND THEIR VISION SERVICES TO LOW-INCOME CUSTOMERS. IN 2023, WE SOLD 1 MILLION PAIRS OF EYEGLASSES TO OUR PARTNERS, WITH 61% DELIVERED TO INDIA, 28% DELIVERED TO OUR KEY MARKETS IN AFRICA, AND 11% DELIVERED TO PARTNERS IN OTHER COUNTRIES.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. 7828374 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 16 0 17 1 0 1 IN BG 0 0 0 0 0 0 0 0 0 0 X 16 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X X VIVEK RATHI GLOBAL VP OF FINANCE 6462147659 30 EAST 60TH STREET SUITE 201 NEW YORK NY 10022 DR JORDAN KASSALOW FOUNDER/SECRETARY/VICE CHAIR 20.00 2.00 X X 169222 0 0 VIPUL BHAGAT CHAIR 1.00 0.20 X X 0 0 0 JUDITH AIDOO DIRECTOR 1.00 0.00 X 0 0 0 ROBERT BO HOPKINS DIRECTOR 1.00 0.00 X 0 0 0 JIM BRADY DIRECTOR 1.00 0.20 X 0 0 0 ANDREA CORAVOS DIRECTOR 0.50 0.00 X 0 0 0 RAJESH DESAI DIRECTOR 1.00 0.00 X 0 0 0 KAREN GUTIERREZ DIRECTOR 1.00 0.00 X 0 0 0 CHERYL GREENE DIRECTOR 0.50 0.00 X 0 0 0 KEVIN HASSEY DIRECTOR 1.00 0.00 X 0 0 0 MIKE HUNDERT DIRECTOR 1.00 0.00 X 0 0 0 CINDY LEVINE LEFT IN 2023 DIRECTOR 0.50 0.00 X 0 0 0 JAMIE A LEVITT DIRECTOR 0.50 0.00 X 0 0 0 PENNY OUTLAW DIRECTOR 0.10 0.00 X 0 0 0 NANCY ROSENZWEIG DIRECTOR 1.00 0.00 X 0 0 0 RAHUL SAXENA DIRECTOR 1.00 0.25 X 0 0 0 BRIAN TRELSTAD DIRECTOR 1.00 0.00 X 0 0 0 READE FAHS LEFT IN 2023 DIRECTOR 1.00 0.00 X 0 0 0 ELLA GUDWIN CHIEF EXECUTIVE OFFICER 40.00 15.00 X 259672 0 36301 VIVEK RATHI GLOBAL VP, FINANCE 40.00 18.00 X 165918 0 42199 JAMES NAYLOR DIRECTOR OF TECHNOLOGY 40.00 12.00 X 164743 0 37685 HEATHER ANN KOEHN GLOBAL DIRECTOR, MARKETING & COMM. 40.00 26.00 X 151226 0 20355 PERRY J SELLA GLOBAL DIRECTOR, SUPPLY CHAIN 40.00 16.00 X 129790 0 658 SCOTT SCHROEDER GLOBAL VP, GLOBAL MOBILIZAITON 40.00 6.00 X 165601 0 21567 TEOBALDO R CAMEJO GLOBAL VP, PEOPLE & CULTURE 40.00 6.00 X 135832 0 29590 1342004 0 188355 8 0 1 0 VELOCITY GLOBAL 3858 WALNUT STREET DENVER CO 80205 HR SERVICES 195645 SEVEN HILLS COMMUNICATIONS LIMITED 1ST FLOOR RIVER HOUSE LONDON 33-35 POINT PLEAS UK SW18 1NN MARKETING SERVICES 151985 RAMONA BAJEMA 101 COOPER STREET 1D NEW YORK NY 10034 ADVISORY SERVICES 145304 NOHA HATATA GREEN VALLEY ROAD STATEN ISLAND NEWYORK NY 10312 RECRUITMENT SERVICES 125936 MG TRUST 717 17TH ST STE 1300 DENVER COLORADO CO 80202 FINANCIAL SOLUTION SERVICES 113086 8 595297 9293474 9888771 926142 926142 18349846 18345676 4170 4170 4170 868343 1216220 -347877 -347877 10471206 -347877 0 930312 X 3351860 3351860 673312 273539 127642 272131 1431061 500576 580731 349754 27003 6347 12690 7966 137551 39004 56960 41587 143508 46272 55094 42142 184843 135498 29798 19547 2059196 1463938 379768 215490 63777 63760 17 254665 225912 16971 11782 432919 300793 93224 38902 23727 7522 10824 5381 519332 351722 79499 88111 16507 13348 1908 1251 39651 10395 29256 59900 35410 20130 4360 PURCHASED SERVICES 1445883 1059893 233087 152903 MISCELLANEOUS 4492 3602 835 55 FOREIGN EXCHANGE 2706 2706 REPAIRS AND MAINTENANCE 37 37 10871930 7828374 1792177 1251379 8154989 199576 15786219 4930789 3722953 3367000 647467 691672 666067 676935 11880 81366 124962 60752 75771 64210 0 16846951 118284 2439534 51860 34283 37987 56868 29273477 29389184 851583 740029 338025 10367 1189608 750396 X 26253953 27204343 1829916 1434445 28083869 28638788 29273477 29389184 -400724 955643 0 X X 0 1 X 1 0 X 6432771 8486314 12674719 23508382 9888771 60990957 6432771 8486314 12674719 23508382 9888771 60990957 18645404 42345553 18903 34362 31667 95619 926142 1106693 6701 6701 62104351 4334758 0.68180 0.65600 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 6,701. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 124858 60747 64111 104 5 99 64210 INVESTMENT IN SUBSIDIARIES 2439534 C 2439534 X 13365713 955643 12653 1926211 2894507 10471206 0 10471206 13954608 12653 3070025 3082678 10871930 0 10871930 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR THE PERIODS PRIOR TO 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 1,236,642. REVENUE ATTRIBUTABLE TO CONSOLIDATED ENTITIES 689,569. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 1,236,642. EXPENSES ATTRIBUTABLE TO CONSOLIDATED ENTITIES 1,833,383. 1 SOUTH ASIA 0 250 PROGRAM SERVICES FOR DESCRIPTION OF PROGRAM SERVICE IN REGION, SEE PART V 2501564 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 1936669 SUB-SAHARAN AFRICA 0 20 PROGRAM SERVICES FOR DESCRIPTION OF PROGRAM SERVICE IN REGION, SEE PART V 2159743 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 1415191 EAST ASIA AND THE PACIFIC 0 3 PROGRAM SERVICES FOR DESCRIPTION OF PROGRAM SERVICE IN REGION, SEE PART V 225574 EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 PROGRAM SERVICES FOR DESCRIPTION OF PROGRAM SERVICE IN REGION, SEE PART V 165196 0 274 0 0 0 274 8403937 0 8403937 SOUTH ASIA PROVIDE ACCESSS TO AFFORDABLE EYEGLASSES 6669 WIRE TRANSFER 0 SOUTH ASIA PROVIDE ACCESSS TO AFFORDABLE EYEGLASSES 42317 WIRE TRANSFER 0 SOUTH ASIA PROVIDE ACCESSS TO AFFORDABLE EYEGLASSES 1887683 WIRE TRANSFER 0 SUB SAHARAN PROVIDE ACCESSS TO AFFORDABLE EYEGLASSES 918537 WIRE TRANSFER 0 SUB SAHARAN PROVIDE ACCESSS TO AFFORDABLE EYEGLASSES 496654 WIRE TRANSFER 0 4 1 1 0 1 0 0 0 PART I, LINE 2: AT THE BEGINNING OF EACH YEAR, THE PROGRAMS OUTLINE THEIR FINANCIAL NEEDS FOR THAT CALENDAR YEAR AND SUBMIT GRANT AND FUNDING REQUESTS TO THE US OFFICE. EACH PROGRAM OFFICE IS REQUIRED TO JUSTIFY ITS FUNDING AND INVOICES WITH PROJECTIONS AND PURPOSE. THE REQUESTS GO THROUGH THE CEO FOR REVIEW AND APPROVAL. THE ORGANIZATION CONDUCTS MONTHLY CLOSING CALLS WITH THE ENTITIES IN INDIA AND BANGLADESH TO REVIEW CASH FLOW AND ENSURE FUNDING IS UTILIZED APPROPRIATELY. ALL INCOME AND EXPENSE TRANSACTIONS ARE RECORDED IN THE BOOKS AND RECORDS OF THE ORGANIZATION IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. VISIONSPRING, INC. IS NOT A FOREIGN GRANTMAKING ORGANIZATION PER SE. THE ORGANIZATION, THROUGH ITS FOREIGN RELATED ENTITIES AND PARTNER ORGANIZATIONS IN FOREIGN COUNTRIES, CO-CONDUCTS AND SUPPORTS PROGRAMS IN FOREIGN COUNTRIES IN FURTHERANCE OF ITS EXEMPT PURPOSE - TO PROVIDE AFFORDABLE, QUALITY EYEGLASSES TO PEOPLE IN NEED WORLDWIDE. ON THE ORGANIZATION'S WEBSITE, THERE IS A "PARTNER WITH US" SECTION WHERE EACH OF THE ORGANIZATION'S PARTNER PROGRAMS ARE DESCRIBED TO THE PUBLIC AND TO POTENTIAL PARTNERS, INCLUDING "GET STARTED AND "BECOME A PARTNER" BUTTONS WHERE POTENTIAL PARTNERS MAY CONNECT WITH VISIONSPRING, INC., AND THEN FURTHER CONTACT IS MADE REGARDING A POTENTIAL PARTNERSHIP. ADDITIONALLY, THE LEADERSHIP OF VISIONSPRING, INC., THROUGH DEEP FAMILIARITY WITH THE ORGANIZATIONS IN THE FOREIGN COUNTRIES WHERE THEIR PROGRAMS ARE DELIVERED, ARE ABLE TO IDENTIFY APPROPRIATE ORGANIZATIONS WITH WHICH TO PARTNER IN ACHIEVEMENT OF VISIONSPRING, INC. PROGRAM GOALS AND EXEMPT PURPOSES. GRANTS MADE TO FOREIGN RELATED ENTITIES OF VISIONSPRING, INC. ARE TO DIRECTLY CARRY OUT THE PURPOSES AND PROGRAMS OF VISIONSPRING, INC. THEY WERE REPORTED AS SECTION 512(B)(13) CONTROLLED ENTITIES OF VISIONSPRING, INC. ON THE FORM 990. THE MANAGEMENT OF THE FOREIGN RELATED ENTITIES IS VESTED IN THE SAME PERSONS THAT MANAGE VISIONSPRING, INC. AND THESE PERSONS EXERCISE A SUBSTANTIAL DEGREE OF DIRECTION OVER THE POLICIES, PROGRAMS, AND ACTIVITIES OF EACH OF THE RELATED ENTITIES. THE ACTIVITIES ARE SUCH THAT VISIONSPRING, INC. WOULD HAVE OTHERWISE ENGAGED IN THEM. THE ESTABLISHMENT OF THE RELATED FOREIGN ENTITIES ALLOWED FOR THE COMPLIANCE WITH LOCAL LEGAL REQUIREMENTS AND REGULATIONS IN INDIA AND BANGLADESH. PART I, LINE 3: COLUMN (E): THE ORGANIZATION HAS PROGRAMS IN SOUTH ASIA, SUB-SAHARAN AFRICA, EAST ASIA AND EUROPE. THROUGH THEIR GLOBAL PARTNERS, EYEGLASSES AND EYEWEAR PRODUCTS ARE PROVIDED, AND VISION CAMPAIGNS ARE CONDUCTED IN RURAL AREAS OF EACH COUNTRY TO ENSURE THAT INDIVIDUALS EARNING LESS THAN $4 PER DAY HAVE ACCESS TO FREE VISION SCREENINGS AND AFFORDABLE EYEGLASSES. COLUMN (F): THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING TO RECORD THE EXPENDITURES IN THE REGIONS. SCHEDULE F, PART IV, LINE 1: THE ORGANIZATION IS FILING FORMS 926 BECAUSE IT MEETS THE APPLICABLE THRESHOLDS FOR FILING. SCHEDULE F, PART IV, LINE 3: THE ORGANIZATION IS FILING FORMS 5471 BECAUSE IT MEETS THE APPLICABLE THRESHOLDS FOR FILING. X X X X 0 0 0 0 0 0 0 0 0 ELLA GUDWIN CHIEF EXECUTIVE OFFICER 259672 0 0 0 0 0 10387 0 25914 0 295973 0 0 0 VIVEK RATHI GLOBAL VP, FINANCE 165918 0 0 0 0 0 6637 0 35562 0 208117 0 0 0 JAMES NAYLOR DIRECTOR OF TECHNOLOGY 164743 0 0 0 0 0 5100 0 32585 0 202428 0 0 0 SCOTT SCHROEDER GLOBAL VP, GLOBAL MOBILIZAITON 165601 0 0 0 0 0 6624 0 14943 0 187168 0 0 0 HEATHER ANN KOEHN GLOBAL DIRECTOR, MARKETING & COMM. 151226 0 0 0 0 0 5412 0 14943 0 171581 0 0 0 DR JORDAN KASSALOW FOUNDER/SECRETARY/VICE CHAIR 169222 0 0 0 0 0 0 0 0 0 169222 0 0 0 TEOBALDO R CAMEJO GLOBAL VP, PEOPLE & CULTURE 135832 0 0 0 0 0 2523 0 27067 0 165422 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BOARD DIRECTORS KEVIN HASSEY AND READE FAHS HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION USES AN OUTSIDE ACCOUNTING FIRM FOR THE PREPARATION OF ITS FORM 990. ONCE THE FORM 990 HAS BEEN PREPARED, IT IS REVIEWED BY MEMBERS OF THE ORGANIZATION'S MANAGEMENT TEAM. A COPY IS PROVIDED TO THE ORGANIZATION'S BOARD OF DIRECTORS BEFORE FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ANY DIRECTOR, OFFICER OR COMMITTEE MEMBER WITH POWERS DELEGATED BY THE ORGANIZATION'S BOARD OF DIRECTORS WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST WITH RESPECT TO A GIVEN TRANSACTION OR ARRANGEMENT. AN INTERESTED PERSON HAS A FINANCIAL INTEREST WITH RESPECT TO A GIVEN TRANSACTION OR ARRANGEMENT IF THE PERSON DIRECTLY ENGAGES IN A TRANSACTION OR ARRANGEMENT WITH THE ORGANIZATION, OR HAS, DIRECTLY OR INDIRECTLY, THROUGH BUSINESS, INVESTMENT, OR FAMILY, ANY OF THE FOLLOWING: I. AN OWNERSHIP OR INVESTMENT INTEREST IN WHICH THE ORGANIZATION HAS A TRANSACTION OR ARRANGEMENT, II. A COMPENSATION ARRANGEMENT WITH THE ORGANIZATION OR WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE ORGANIZATION HAS A TRANSACTION OR ARRANGEMENT, OR III. A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST IN, OR COMPENSATION ARRANGEMENT WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE ORGANIZATION IS NEGOTIATING A TRANSACTION OR ARRANGEMENT. COMPENSATION INCLUDES DIRECT AND INDIRECT REMUNERATION AS WELL AS GIFTS OR FAVORS THAT ARE SUBSTANTIAL IN NATURE. AN INTERESTED PERSON IS REQUIRED TO DISCLOSE THE EXISTENCE OF A POTENTIAL CONFLICT OF INTEREST TO THE BOARD AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS. THE INTERESTED PARTY LEAVES THE ROOM WHILE THE BOARD OR BOARD COMMITTEE REVIEWS AND DISCUSSES ALL MATERIAL FACTS, AND VOTES UPON THE EXISTENCE OF A CONFLICT OF INTEREST. A MAJORITY VOTE DETERMINES IF THERE IS A CONFLICT OF INTEREST. IN ADDITION, THE PRESIDENT OR COMMITTEE CHAIRPERSON MAY APPOINT A DISINTERESTED PERSON TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. FOLLOWING DUE DILIGENCE, THE BOARD OR BOARD COMMITTEE WILL DECIDE IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT DOES NOT GIVE RISE TO A CONFLICT OF INTEREST IS ATTAINABLE. FOR ALL ACTUAL OR POTENTIAL CONFLICT OF INTEREST ISSUES, THE MINUTES OF THE BOARD AND ALL BOARD COMMITTEES CONTAIN THE NAMES OF THE INTERESTED PERSONS, NAMES OF PERSONS PRESENT FOR DISCUSSION AND VOTING, THE CONTENT OF THE DISCUSSION, THE RECORDING OF THE VOTES, AND THE ACTION TAKEN. EACH DIRECTOR, OFFICER AND MEMBER OF A BOARD COMMITTEE ANNUALLY SIGNS A STATEMENT THAT ATTESTS THAT THE INDIVIDUAL HAS RECEIVED, READ, UNDERSTOOD AND AGREES TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. A COPY OF THE DISCLOSURE FORM IS RETAINED WITHIN THE ORGANIZATION'S BOOKS AND RECORDS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DATA IS COLLECTED BY AN INDEPENDENT CONTRACTOR WHO PROVIDES THE ORGANIZATION WITH COMPARABLE DATA FOR THE CEO AND OTHER OFFICERS. THE BOARD OF DIRECTORS REVIEWS AND APPROVES ALL COMPENSATION ARRANGEMENTS FOR TOP LEADERSHIP, INCLUDING THE CEO AND FOUNDER. THE CEO APPROVES THE COMPENSATION FOR ALL OTHER PERSONNEL. ALL BOARD DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES, WHICH ARE KEPT ON FILE WITH THE ORGANIZATION'S BOOKS AND RECORDS. THIS PROCESS WAS LAST UNDERTAKEN IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND FORM 1023 ARE AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE SERVICE CODE AS IT IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR WEBSITES. THE ORGANIZATION ALSO POSTS THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ON ITS WEBSITE. IN ADDITION, THE FINANCIAL STATEMENTS, ARTICLES OF INCORPORATION AND BYLAWS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 260,845. MANAGEMENT AND GENERAL EXPENSES 111,414. FUNDRAISING EXPENSES 41,482. TOTAL EXPENSES 413,741. SUBCONTRACTORS: PROGRAM SERVICE EXPENSES 1,001,501. MANAGEMENT AND GENERAL EXPENSES 220,246. FUNDRAISING EXPENSES 144,480. TOTAL EXPENSES 1,366,227. PROGRAM SERVICE FEES: PROGRAM SERVICE EXPENSES 85,290. MANAGEMENT AND GENERAL EXPENSES 22,531. FUNDRAISING EXPENSES 12,750. TOTAL EXPENSES 120,571. PAYROLL SERVICE FEES: PROGRAM SERVICE EXPENSES 31,616. MANAGEMENT AND GENERAL EXPENSES 6,953. FUNDRAISING EXPENSES 4,561. TOTAL EXPENSES 43,130. RECRUITING AND INTERN FEES: PROGRAM SERVICE EXPENSES 84,686. MANAGEMENT AND GENERAL EXPENSES 18,624. FUNDRAISING EXPENSES 12,217. TOTAL EXPENSES 115,527. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. VISIONSPRING INDIA CO VISIONSPRING 4TH FLOOR GUMIDELLI COMMERCIAL COM HYDERABAD BEGUMPET-500016 IN PROVIDES TECHNICAL ASSISTANCE & ADVICE REGARDING OPTICAL INTERVENTIONS IN VISIONSPRING INC 1 VISIONSPRING SOCIETY PLOT 8/SURVEY 22 SAI NAGAR COLONY SECUNDERABAD IN 500 009 PROVIDES EYE-SCREENING, PRIMARY EYE-CARE SERVICES, AND EYE-HEALTH ADVICE IN VISIONSPRING INC 1 VISIONSPRING FOUNDATION CO VISIONSPRING REGUS ELEGANCE 2F ELEGANCE JASOL NEW DELHI IN 110025 PROVIDES ACCESS TO AFFORDABLE EYE CARE TO POOR & MARGINALIZED PEOPLE IN VISIONSPRING INC 1 VISIONSPRING GHANA LIMITED BY GUARANTEE HOUSE NUMBER L58 NEAR HATA HOSTE ACCRA GH GA-555-238 PROVIDES ACCESS TO AFFORDABLE EYE CARE TO POOR & MARGINALIZED PEOPLE GH VISIONSPRING INC 1 VISIONSPRING NIGERIA EYE HEALTH INITIATIVE COMPANY LIMITEDGTE 182A CORPORATION DRIVE DOLPHINE ES LAGOS NI PROVIDES ACCESS TO AFFORDABLE EYE CARE TO POOR & MARGINALIZED PEOPLE NI VISIONSPRING INC 1 VISIONSPRING PRIVATE LIMITED D-448 1ST FL SECTOR-7 DWARKA NEW DELHI IN 110075 IMPORT, EXPORT, SALES OF OPTICAL LENSES, GLASSES & FRAMES IN VISIONSPRING INC C 1936676 1445119 0.99990 1 VISIONSPRING BANGLADESH LTD HOTEL PURBANI ANNEX-2 4TH FLOOR DHAKA BG 1000 SELL READING GLASSES BG VISIONSPRING INC C 1041840 583157 0.99880 1 VISIONSPRING GHANA LIMITED BY GUARANTEE NO5A NORTH LEGON ROAD DIGITAL ADDR NORTH LEGON GH 059-7582 PROVIDING AFFORDABLE EYE GLASSES, SALE OF EYE GLASSES GH VISIONSPRING INC C 997561 434189 1.00000 1 VISIONSPRING NIGERIA EYE HEALTH INITIATIVE COMPANY LIMITEDGTE NO 36AA REMI FANI-KAYODE CLOSE GRA IKEJA NI PROVISION OF EYE GLASSES AND LENSES NI VISIONSPRING INC C 679879 216718 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 VISIONSPRING PRIVATE LIMITED B 1481250 COST VISIONSPRING BANGLADESH LTD B 840000 COST VISION SPRING GHANA LIMITED BY GUARANTEE P 918537 COST VISION SPRING NIGERIA EYE HEALTH INITIATIVE COMPANY LIMITEDGTE P 496654 COST