2013-11-14T02:20:29-00:00 2012-12-31 Corey A Pfaffe CPA LLC 611 OConnell St Watertown WI 53094 990 2012-01-01 204458362 ETERNAL VISION INC ETER 9202616700 PO BOX 547 WATERTOWN WI 53094 MATTHEW DAVIS 2013-11-14 true Corey Pfaffe 9202617012 2013-11-14 X 2012 2016-02-24 21:20:13Z MICHAEL DUFFY PO BOX 547 WATERTOWN WI 53094 203155 false X http://eternalvision.org/ X 2006 WI ETERNAL VISION PROMOTES QUALITY AND EXCELLENCE IN MINISTRY BY TEACHING BIBLICAL STEWARDSHIP AND BUILDING MINISTRY ENDOWMENTS 5 4 0 0 87631 179899 0 15436 21551 289 1705 103356 203155 46469 101418 0 0 0 0 44000 323213 90469 424631 12887 -221476 911704 718726 8154 5754 903550 712972 ETERNAL VISION PROMOTES QUALITY AND EXCELLENCE IN MINISTRY BY TEACHING BIBLICAL STEWARDSHIP AND BUILDING MINISTRY ENDOWMENTS false false 424631 101418 21551 MEETINGS WERE CONDUCTED TO PROMOTE AND SUPPORT CHRISTIAN EDUCATION. LITERATURE WAS PRODUCED AND DISTRIBUTED THAT INSTRUCTED AND MOTIVATED INDIVIDUALS TO SUPPORT CHRISTIAN EDUCATION. DONORS GENEROUSLY SUPPORT THE CAUSE OF CHRISTIAN EDUCATION SO THAT SERVICES MAY BE PROVIDED WITHOUT COST TO RECIPIENTS OTHER THAN REIMBURSEMENT OF TRAVEL AND PRINTING. 424631 true true false false true false false false true true false false false false false false false false false false false false false false false false true true false false false false false false true true true false false false false false false false false false true 3 0 true 0 false false false false false false false false false false X 5 4 true false false true false false false true true false false false true true false true false true true false X MATTHEW DAVIS 9202616700 PO BOX 547 WATERTOWN WI 53094 MICHAEL DUFFY 002.00 X X 0 0 0 JOHN DAVIS 001.00 X X 0 0 0 DARRELL BEERNINK 001.00 X 0 0 0 COREY PFAFFE 001.00 X 1329 0 0 DAVE PENNINGTON 001.00 X 0 0 0 MATTHEW DAVIS 008.00 X 21000 0 0 22329 false false false 179899 179899 21551 21551 2010 IRS Form 8941 Credit 900099 1705 1705 203155 21551 76365 76365 25053 25053 0 0 0 0 0 0 0 0 0 21000 21000 2079 2079 0 4905 4905 0 500 500 4129 4129 137 137 0 440 440 13 13 0 0 0 0 628 628 1292 1292 FORM 990, PT VI, LN 5 DIVERSION 287079 287079 BAD DEBT EXPENSE 1011 1011 0 424631 424631 0 0 3298 150 32500 50702 17186 36175 2056 2056 628 858092 631699 911704 718726 8154 5754 8154 5754 X 17787 29708 705559 456568 180204 226696 903550 712972 911704 718726 -221476 30898 X false false false X 899994 254786 168610 87630 179899 1590919 899994 254786 168610 87630 179899 1590919 1590919 480 16 7 5 7 515 1591434 21544 0.99970 0.99830 X 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 63000 46423 19196 true true false 885764 161898 -239543 101418 23437 683264 873625 78652 4328 46469 632 23740 885764 835812 135344 44157 90330 12736 38622 873625 763440 199534 36129 54966 94758 13567 835812 10890 858232 103451 2231 763440 0.33000 0.67000 false false 2056 2056 Financial derivatives and other financial products Closely-held equity interests Federal income taxes V 4 - 67 Temporarily Restricted for other designated frunds and WI Church Planting V 4 - 33 Permenantly Restricted for Advancement of Christian Education true Maranatha Baptist Bible College 745 West Main Street Watertown WI 53094 391097032 501c3 7400 Student Assistance Bob Jones University 1700 Wade Hampton Blvd Greenville SC 29614 570360095 5000 Student Assistance Lakewood Baptist Church PO Box 447 Wales WI 53183 800297718 501c3 25000 Building Program Manitowoc Baptist Church 712 South 24th Street Manitowoc WI 54220 205124403 501c3 20000 Building Program 4 Financial Hardship/Need Assistance 2 2703 Ministry Worker Assistance 11 22350 I 2 - EV provides assistance to tax-exempt organizations and individuals in need of benevolence through 501c3 organizations. As a matter of policy, EV does not send funds directly to individuals unless its personnel investigate the specific benevolent need. EV does not provide long-term or block grants where follow-up or reports are needed. Matthew Davis Davis Law Firm LLC Current Officer/Family Member of Officer 21000 Independent Contractor false Form 990 Part VI Section A Line 2 - Director John Davis and Vice President Matt Davis have a family relationship. Form 990 Part VI Section A Line 5 - Funds from a portion of a temporarily restricted Eternal Vision account invested with a professional investment company were diverted by the investment companys investment manager. EV officers conducted due diligence to investigate what ultimately was determined to be a large-scale embezzlement operation, cooperated with the FBI and U.S. Attorney in the prosecution and conviction of the thief, and pursued all reasonable means of recovery. No EV officers or employees were implicated in the diversion. A small amount 12,921 was recovered within the first month of discovery. The extent of the fraud and the sheer number of other victims in combination with the lack of any tangible assets to secure losses makes further recovery improbable. The total loss attributed to the diversion was 287,079. Form 990 Part VI Section B Line 11b - The Form 990 was reviewed by the Vice President, Secretary/Treasurer, and one Board Member at large before filing. Other officers and board members were provided a copy immediately after filing. Form 990 Part VI Section B Line 15a 15b - All salary, benefits, and compesation of all officers are evaluated and approved by action of the board of directors. Form 990 Part VI Section C Line 19 - Documents are made available upon qualified request.