Polk Vision Inc
- Assets
- $702.7k
- Revenue
- $511.3k
- Investments
- $0.0
- Employees
- 9
- Location
- Winter Haven, FL
- Founding
- 01/2005
- Data as of
- 12/2021
- EIN
- 20-0141870
Organization Overview
Polk Vision Inc is located in Winter Haven, FL. The organization was established in 2005. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Polk Vision Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polk Vision Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Polk Vision Inc generated $511.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $405.4k during the year ending 12/2021. While expenses have increased by 7.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
POLK VISION IS WORKING TO MAKE POLK COUNTY A PREMIERE PLACE TO LIVE, LEARN, WORK AND PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLK VISION IS A BROAD, COMMUNITY-LED PARTNERSHIP OF ORGANIZATIONS, BUSINESSES, GOVERNMENT, AND INDIVIDUALS WORKING TO ALIGN RESOURCES AND DEVELOP LASTING SOLUTIONS TO CRITICAL ISSUES FACING OUR ENTIRE COUNTY. AS FACILITATORS OF A COUNTYWIDE COLLABORATION AMONG SCHOOLS, NON-PROFITS, BUSINESSES AND THE PUBLIC SECTOR, POLK VISION PROVIDES THE FRAMEWORK FOR ACHIEVING SUSTAINED IMPROVEMENT TO A RANGE OF COMPLEX ISSUES. 12 POLK VISION TEAMS HAVE DEVELOPED A DIFFERENT STRATEGY AND A RANGE OF TACTICS TO ACHIEVE LONG-TERM OUTCOMES TO INCREASE THE HIGH SCHOOL GRADUATION RATE; INCREASE CAREER AND COLLEGE READINESS; AND IMPROVE THE HEALTH AND SAFETY OF OUR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Long Executive Director | Officer | 50 | $95,216 |
Stacy Butterfield Chair / Director | OfficerTrustee | 3 | $0 |
Angela Falconetti Chair Elect / Director | OfficerTrustee | 3 | $0 |
Sean Malott Treasurer / Director | OfficerTrustee | 3 | $0 |
Larry Madrid Treasurer / Director Until 06/18/21 | OfficerTrustee | 1 | $0 |
Teresa Martinez Secretary / Director | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $319,689 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,181 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $459,870 |
| Total Program Service Revenue | $49,879 |
| Investment income | $705 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $511,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $102,549 |
| Other salaries and wages | $130,563 |
| Pension plan accruals and contributions | $1,915 |
| Other employee benefits | $3,556 |
| Payroll taxes | $17,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,184 |
| Advertising and promotion | $14,071 |
| Office expenses | $27,347 |
| Information technology | $1,840 |
| Royalties | $0 |
| Occupancy | $6,890 |
| Travel | $2,232 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,985 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $222 |
| Insurance | $4,387 |
| All other expenses | $1,492 |
| Total functional expenses | $405,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,423 |
| Savings and temporary cash investments | $470,176 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $130 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $702,729 |
| Accounts payable and accrued expenses | $5,180 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,180 |
| Net assets without donor restrictions | $697,549 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $702,729 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Polk Vision Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
United Way Of Central Florida Inc Highland City, FL PURPOSE: Donor Designated for Disaster/ Emergency Relief; General Operating Cost | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metro Atlanta Host Committee Inc Atlanta, GA | $222,399 | $14,582,853 |
Tampa Bay Convention & Visitors Bureau Inc Tampa, FL | $9,049,029 | $16,723,785 |
South Alabama Regional Planning Commission Mobile, AL | $10,162,715 | $18,722,811 |
Discover Palm Beach County Inc West Palm Beach, FL | $6,257,115 | $17,672,568 |
Step Up Suncoast Inc Sarasota, FL | $3,209,226 | $16,919,808 |
Atlanta Convention & Vistors Bureau Inc Atlanta, GA | $20,280,984 | $17,066,911 |
Access To Capital For Entrepreneurs Inc Cleveland, GA | $88,796,114 | $11,013,240 |
The Miami-Dade Beacon Council Inc Miami, FL | $5,791,643 | $5,287,764 |
Sarasota Convention And Visitors Bureau Sarasota, FL | $1,250,974 | $4,640,700 |
Grove Park Foundation Inc Atlanta, GA | $25,190,874 | $3,791,912 |
Woodlawn Foundation Inc Birmingham, AL | $23,281,492 | $7,022,697 |
East Tampa Business And Civic Association Inc Tampa, FL | $6,775,919 | $3,764,186 |