Vision-Aid Incorporated
- Assets
- $719.1k
- Revenue
- $487.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, MA
- Founding
- 04/2005
- Data as of
- 06/2022
- EIN
- 20-1344017
Organization Overview
Vision-Aid Incorporated is located in Lexington, MA. The organization was established in 2005. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vision-Aid Incorporated 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 06/2022, Vision-Aid Incorporated generated $487.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.0% each year . All expenses for the organization totaled $451.7k during the year ending 06/2022. While expenses have increased by 52.6% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE REHABILITATION AND TRAINING FOR THE VISUALLY IMPAIRED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISION-AID CHARITABLE SERVICES SOCIETY(VACS) BASED IN VISAKHAPATNAM (VIZAG) INDIA IS VISION-AID'S NODAL PARTNER. IN ADDITION TO RUNNING TWO TRAINING CENTERS FOR THE VISUALLY IMPAIRED IN VIZAG, VACS ALSO SUPPORTS SEVERAL VIRTUAL PROGRAMS FOR TRAINING OF THE VISUALLY IMPAIRED ALL OVER INDIA. THESE PROGRAMS INCLUDE TRAINING IN COMPUTERS, SPOKEN ENGLISH, MOBILE TECHNOLOGIES, COMPUTER PROGRAMMING AND TESTING. ALL OF THESE TRAINING PROGRAMS AIM TO ENABLE, EDUCATE AND EMPOWER THE VISUALLY IMPAIRED TO LIVE WITH INDEPENDENCE AND DIGNITY BY BECOMING GAINFULLY EMPLOYED.
VISION-AID WAS INVOLVED IN THE FOLLOWING ADDITIONAL PROGRAMS: DR. SHROFF EYE HOSPITAL - $10,373, SANKAR NETRALAYA - $43,896, VOLUNTARY HEALTH SERVICES, CHENNAI - $9,822.COMMUNITY EYE CARE FDN, PUNE - $16,999, DIGITALS MAGNIFIERS FOR VISUALLY IMPAIRED - $1,646, MOOC'S FEES FOR STUDENTS - $245, NETHRA VIDYALAYA(JET), HYDERABAD - $4,123; SMART PHONES/VISION PROGRAM - $28,833, NETHRA, VIZAG - $2,134, VISION-AID PARTNERS WITH THE DR. SHROFF EYE HOSPITAL IN DELHI, THE NETHRA BLIND SCHOOL IN VIZAG, THE SANKAR NETRALAYA IN CHENNAI, THE VOLUNTARY HEALTH SERVICES IN CHENNAI, THE COMMUNITY EYE CARE IN PUNEALONG WITH ITS PARTNERS, VISION-AID IS PRINCIPALLY INVOLVED IN PROVIDING LOW VISIONSCREENING, LOW VISION DEVICES, ASSISTIVE TECHNOLOGY AND TRAINING IN COMPUTERS, MOBILE TECHNOLOGIES, ORIENTATION AND MOBILITY.
THE VISION-AID RESOURCE CENTER IN COOPERATION WITH SHG TECHNOLOGIES PVT. LTD IN KARNATAKA, INDIA,AND HYDERABAD EYE INSTITUTE IN INDIA TO FOSTER INNOVATION IN LOW-COST ADVANCED ASSISTIVE TECHNOLOGY SOLUTIONS; TO SET UP A DEVICE FUND, FOR DISTRIBUTION OF LOW-COST AND SUBSIDIZED DEVICES TO POOR VISUALLY IMPAIRED PATIENTS; TO DEVELOP ADVANCED TRAINING PROGRAMS FOR THE VISUALLY IMPAIRED AND FOR EYE CARE PROFESSIONALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sudhir Varma Treasurer | OfficerTrustee | 10 | $0 |
Lalit Sudan President | OfficerTrustee | 10 | $0 |
Ramakrishna Raju Clerk | OfficerTrustee | 10 | $0 |
Revathy Ramakrishna Vice President | OfficerTrustee | 10 | $0 |
Parameshwar Garimella Director | Trustee | 1 | $0 |
Vineeta Kumar Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $484,598 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $484,598 |
| Total Program Service Revenue | $0 |
| Investment income | $2,359 |
| 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 | $486,957 |
| 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 | $426,693 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57 |
| Advertising and promotion | $429 |
| Office expenses | $571 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,690 |
| Total functional expenses | $451,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,075 |
| Savings and temporary cash investments | $504,017 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $719,092 |
| Accounts payable and accrued expenses | $1,025 |
| 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 | $1,025 |
| Net assets without donor restrictions | $702,491 |
| Net assets with donor restrictions | $15,576 |
| 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 | $719,092 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Vision-Aid Incorporated has recieved totaling $100,320.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $40,230 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $30,000 |
Saxena Family Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $25,000 |
Sawhney Family Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $90 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Integrate Health Inc Medway, MA | $11,519,968 | $5,602,759 |
Neuroendocrine Tumor Research Foundation Boston, MA | $26,608,419 | $8,207,303 |
Hope & Heroes Childrens Cancer Fund New York, NY | $6,179,073 | $4,699,771 |
Town Fair Tire Foundation Inc East Haven, CT | $52,065,135 | $4,401,407 |
Cure Rare Disease Inc Boston, MA | $1,470,434 | $2,486,822 |
Advancing Cancer Treatment Moultonborough, NH | $1,176,243 | $1,500,077 |
Why Me Inc Worcester, MA | $5,740,285 | $1,202,450 |
Keep A Child Alive New York, NY | $8,417,069 | $6,592,959 |
The Degregorio Family Foundation Inc Pleasantville, NY | $2,565,905 | $1,850,977 |
Bina Stroke And Brain Injury Assistance Inc Brooklyn, NY | $180,400 | $1,112,000 |
United Brain Association Inc Vails Gate, NY | $51,099 | $577,124 |
Annies Angels Memorial Fund Inc Stratham, NH | $346,702 | $513,244 |