Eternal Vision Inc
- Assets
- $1.1m
- Revenue
- $293.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Watertown, WI
- Founding
- 11/2008
- Data as of
- 12/2021
- EIN
- 20-4458362
Organization Overview
Eternal Vision Inc is located in Watertown, WI. The organization was established in 2008. According to its NTEE Classification (X02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eternal 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, Eternal Vision Inc generated $293.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (24.7%) each year. All expenses for the organization totaled $441.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Eternal Vision Inc has awarded 56 individual grants totaling $4,099,693. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ETERNAL VISION PROMOTES QUALITY AND EXCELLENCE IN MINISTRY BY TEACHING BIBLICAL STEWARDSHIP AND BUILDING MINISTRY ENDOWMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS WERE SUPPORTED AND INFORMATION WAS PROVIDED TO PROMOTE CHRISTIAN EDUCATION AND RELIGIOUS ORGANIZATIONS IN THE UNITED STATES AND AROUND THE WORLD. DONORS GENEROUSLY CONTRIBUTED TO SUPPORT THE CAUSE OF CHRISTIAN EDUCATION TO ADVANCE QUALITY AND FIDELITY TO THE WORD OF GOD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Davis President | OfficerTrustee | 8 | $57,600 |
Corey Pfaffe Member At Large | Trustee | 1 | $6,979 |
David Pennington Vice President | OfficerTrustee | 1 | $0 |
John Davis Secretary/treasurer | OfficerTrustee | 1 | $0 |
Darrell Beernink Member At Large | 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 | $253,897 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,897 |
| Total Program Service Revenue | $0 |
| Investment income | $39,908 |
| 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 | $293,805 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $310,663 |
| Grants and other assistance to domestic individuals. | $54,470 |
| 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 | $0 |
| Other salaries and wages | $453 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $46 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,600 |
| Fees for services: Accounting | $6,979 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,724 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,582 |
| Information technology | $372 |
| Royalties | $0 |
| Occupancy | $960 |
| Travel | $103 |
| 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 | $0 |
| Total functional expenses | $440,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,208 |
| Savings and temporary cash investments | $159,321 |
| 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 | $914,521 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,092,050 |
| Accounts payable and accrued expenses | $15,975 |
| 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 | $15,975 |
| Net assets without donor restrictions | $235,772 |
| Net assets with donor restrictions | $840,303 |
| 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 | $1,092,050 |
Grants Awarded
Over the last fiscal year, Eternal Vision Inc has awarded $303,450 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Watertown, WI PURPOSE: Student Assistance | $187,608 |
DOWNEAST BAPTIST CHURCH PURPOSE: Religious Programs | $37,500 |
Lattimore, NC PURPOSE: Student Assistance | $21,810 |
Chetek, WI PURPOSE: Religious Programs | $18,000 |
Louisville, KY PURPOSE: Student Assistance | $11,155 |
Cullman, AL PURPOSE: Student Assistance | $10,261 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eternal Vision Inc has recieved totaling $955,000.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $955,000 |
Endowment Analysis
| Beg. Balance | $866,243 |
| Earnings | $127,013 |
| Admin Expense | $17,931 |
| Net Contributions | $239,055 |
| Other Expense | $506 |
| Grants | $373,571 |
| Ending Balance | $840,303 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C R O S S Christians Reaching Out In Social Service Rogers, MN | $2,562,501 | $5,756,884 |
Cassia Edina, MN | $3,555,859 | $2,776,290 |
Alongside Inc Richland, MI | $4,643,462 | $1,950,948 |
Talmud Torah Of St Paul Head Of Schools St Paul, MN | $7,698,042 | $1,301,677 |
Cadre International Sycamore, IL | $365,868 | $485,412 |
Eternal Vision Inc Watertown, WI | $1,092,050 | $293,805 |
Association Of Business Administrators Of Christian Coll Hudsonville, MI | $424,679 | $477,362 |
Bravingbird Nfp West Dundee, IL | $827,060 | $1,150,100 |
Christian Endeavor International Edmore, MI | $0 | $180,057 |
Per Mission Inc Mahomet, IL | $21,299 | $0 |
Redeemed Foundation Fremont, MI | $70,312 | $0 |
Nextgen Pastors Inc Waukesha, WI | $49,649 | $0 |