2019-10-15T11:22:44-05:00 2018-12-31 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2018-01-01 486393123 Vision Charitable Trust VISI 7204682478 9422 Pikes Peak Way Parker CO 80138 Michael S Yates Chief Financial Officer 7204682478 2019-10-15 1 Ashley Peabody P01385870 7195286225 139.146.132.42 2019-10-15 12:22:36 ED P 6B3BBDC0AE9D845D60E9E4A69D95F4E22C72634B 2EBDB77BF8319DFBEEE4E28A15111434DDC89F8F 2018 2020-03-31 21:24:44Z My Faith Votes My Faith Matters INCRESE Our Time To Build Jason Yates 9422 Pikes Peak Way Parker CO 80138 1543248 0 X myfaithvotes.org, visioncharitabletrust.org X 2003 CO Presenting a Biblical ministry of hope, encouragement, strength, and involvement 7 4 4 7 0 0 835560 1442842 0 0 781 502 210438 98716 1046779 1542060 173445 131433 0 0 494753 437513 103390 75750 300158 1698683 1064747 2470271 1709443 -1423492 -167383 2988022 1959610 38487 32662 2949535 1926948 X See Schedule O. 0 0 1180065 12 In 2018, Vision Charitable Trust, under the d.b.a of My Faith Votes, executed efforts to inform, inspire and motivate Christians to participate in the electoral process as a means to influence culture. Through a strategy of leveraging the influence of a broad network of Christian leaders to use their voice and their network to mobilize people of faith into action, Vision Charitable Trust was able to make a real and unique difference in a very short period of time during this election period. 98856 96686 11 In 2018, Vision Charitable Trust, under the d.b.a of INCRESE, continued its effort of providing funding for the training and mentoring of pastors and church leaders in Central and South America. 34799 34735 In 2018, Vision Charitable Trust, under the d.b.a of Our Time To Build, continued its effort of providing funding and fiscal management of the construction of community centers that also function as churches in rural 3rd world settings. 1313720 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 11 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL HI MD MN MS NC NH NM SC TN UT VA WV WI X Michael S Yates 7204682478 9422 Pikes Peak Way Parker CO 80138 Sealy M Yates President/Chairman 2.00 X X 0 0 0 Michael S Yates Vice Chairman/CFO 30.00 X X 72000 0 0 Brett Eastman Trustee 0.50 X 0 0 0 Chauncey Crandall Trustee 0.50 X 0 0 0 Johnnie Moore Trustee 1.00 X 0 0 0 David Huckabee Trustee 0.50 X 0 0 0 Chris Sadler Trustee 0.50 X 0 0 0 Jason Yates Chief Executive Officer 50.00 X 124000 0 0 Craig Michaels Chief Operating Officer 50.00 X 112500 0 0 308500 0 0 2 0 0 0 Action Mailers Inc 90 N Commerce Dr Aston PA 19014 Direct Mail Services 118455 1 1442842 1442842 502 502 98705 98705 1199 1188 11 11 1542060 11 0 99207 12 12 131421 131421 308501 236571 42322 29608 61699 52624 9075 41755 28380 7756 5619 1610 1304 145 161 23948 19158 2395 2395 154 154 22904 22904 75750 75750 123894 84453 1651 37790 711665 640655 71010 40183 127 10640 29416 100130 70918 4049 25163 227 91 91 45 42876 37146 1723 4007 10294 7721 1029 1544 12420 3139 706 8575 1709443 1313720 95565 300158 789601 655988 52010 8028 5319 0 2141092 1295594 2988022 1959610 38487 32662 38487 32662 X 2949535 1926948 2949535 1926948 2988022 1959610 X -167383 -855204 X X 0 1 X 1 0 X 150583 154262 7558382 835560 1442842 10141629 14055 179 1199 15433 150583 154262 7572437 835739 1444041 10157062 5330 7535 18500 5495 17700 54560 0 5330 7535 18500 5495 17700 54560 10102502 1114307 212794 99207 1426308 1114307 212794 99207 1426308 3468 3468 150583 157730 8686744 1048533 1543248 11586838 0.87190 0.86570 0.12310 0.13020 X Schedule A, Part III, Line 12, Explanation of Other Income: Fundraising events revenue - 2015 Amount: $ 3,468. Schedule A, Part III The organization is a public charity under section 509(a)(2) and completes Schedule A (Form 990), Part III. The organization has analyzed Schedule A (Form 990), Part II and established that it meets the 33 1/3% public support requirements under sections 509(a)(1) and 170(b)(1)(A)(vi), thus it qualifies to use the first listed special rule for Schedule B (Form 990) reporting. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 688044 1188 1188 686856 855204 855204 1542060 1710631 1188 1188 1709443 0 1709443 Part XI, Line 2d - Other Adjustments: Cost of Goods Sold 1,188. Part XI, Line 4b - Other Adjustments: Loss on impairment of intangible assets 855,204. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 1,188. 1 Central America and the Caribbean 0 0 Grants 96686 South Asia 0 0 Grants 34735 Central America and the Caribbean 0 0 Program services Travel 2552 0 0 0 0 0 0 133973 0 133973 Central America and the Caribbean Training & Social Services 96686 Wire transfer to NGO bank 0 South Asia Social Services and Construction 34735 Wire transfer to NGO bank 0 2 0 0 0 0 0 0 0 Part I, Line 2: Central America: Telephone calls not less than monthly. Accounting of the expenditure of wired funds. Photo copies of major expenditures. Costa Rica steering committee member visits to Costa Rica ministry not less than annually. Annual fiscal bookkeeping report from Costa Rica ministry. South Asia: Ministry steering committee meetings no less than every two months. Steering committee allocates construction and social services funds based on project priorities established by the ministry steering committee. Construction funds wired incrementally based on prior construction phase completion. Steering committee members visit to India to review projects not less than annually. Part I, line 3: Expenditures are accounted for using the accrual method of accounting. X X 1 TMA Direct Inc 2000 Edmund Halley Drive Ste 250 Reston VA 20191 Direct Mail Solicitation Packages 0 245400 33589 211811 Dunham & Company 6111 W Plano Pkwy Ste 2700 Plano TX 75093 Direct Mail Solicitation Packages 0 132682 18161 114521 Headway Consulting Group 5380 Laithbank Ln Alpharetta GA 30022 Major Donor Contact 0 0 24000 -24000 378082 75750 302332 AL AK AR CA CO CT FL HI IL KS KY MA MD ME MI MN MO MS NC ND NH NM NV OH OK OR RI SC TN UT VA WA WV WI Schedule G, Part I, Line 2b, column (iv): The professional fundraising services provided by Headway Consulting Group were consulting in nature; no gross receipts were directly generated from the services provided. Megan Yates Yates Family Member 31750 1099 Compensation 0 Jason Yates Yates Family Member 124000 W-2 Compensation 0 Eric Yates Yates Family Member 29949 Professional Services 0 Phase 3 Studios Owned by Yates Family Member 36075 Video production services 0 The Kairos Company Owned by Trustee Johnnie Moore 90150 Professional Services 0 Schedule L, Part IV: Explanation for including Jason Yates in Schedule L, Part IV and Form 990, Part VII, Section A:The instructions to Schedule L (Form 990), Part IV state that compensation reported in Form 990, Part VII, Section A does not have to be reported in Schedule L, Part IV, "...unless the compensation was to a family member of another person reported in Form 990, Part VII, Section A." Form 990, Part III, Line 1 Presenting a Biblical ministry of the Gospel of Jesus Christ, hope, encouragement and strength to as many people as possible as soon as possible and helping to meet the physical, emotional and spiritual needs of people out of a motivation of God's love. Foster, communicate and encourage the application of Biblical Christian principles and moral philosophy in all disciplines of life, including, but not limited to, law, medicine, education, government, social and physical sciences, business, economics, the arts, and media. Form 990, Part VI, Section A, line 2 Sealy Yates and Michael Yates have a family relationship. Jason Yates and Michael Yates have a family relationship. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm. It is reviewed in detail by the CEO and is distributed to board members for review prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The organization requires all officers and board members to annually review the conflict of interest policy, disclose any potential conflicts of interest and sign said policy. The Board reviews the signed statements. If a matter related to a potential conflict were to arise at a board meeting, the interested person would recuse himself or herself from the room during such discussion and voting on matters related to the noted conflict. All conflicts of interest are documented in the minutes of the Board of Directors meeting. Form 990, Part VI, Section B, line 15 All decisions of compensation to officers and key employees are decided by a majority vote of the Board. Comparability data is used and the deliberation and approval process is documented. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request and on Guidestar. Form 990, Part XI, line 9: Loss on impairment of intangible assets -855,204. Form 990, Part XII, Line 2c The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Form 990, Part X, Line 27 In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 12/31/2018. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Line 27: Line 27 - Net assets without donor restrictions $1,926,948 ---------- Total net assets $1,926,948