Vision Council Of America
- Assets
- $17.0m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 23
- Location
- Alexandria, VA
- Founding
- 01/1987
- Data as of
- 12/2022
- EIN
- 52-1437632
Organization Overview
Vision Council Of America is located in Alexandria, VA. The organization was established in 1987. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Vision Council Of America employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vision Council Of America is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Vision Council Of America generated $10.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $8.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Vision Council Of America has awarded 42 individual grants totaling $3,489,396. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVOCATE FOR AND PROMOTE GROWTH IN THE VISION CARE INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICES: PROVIDE ACCESS TO INFORMATION, PRODUCTS, SERVICES AND BEST PRACTICE ADVICE TO HELP MEMBERS MAKE WELL-INFORMED BUSINESS DECISIONS
GOVERNMENT AND REGULATORY AFFAIRS: TVC'S GOVERNMENT AND REGULATORY AFFAIRS COMMITTEE AND INTERNAL TEAM ARE A LEADING VOICE ON CAPITAL HILL, WITHIN KEY FEDERAL AGENCIES, AND IN MANY STATES' CAPITALS ON IMPORTANT ISSUES IMPACTING THE FIELD OF VISION CARE PRODUCTS.
MEETINGS AND EVENTS: AS THE CO-OWNER OF VISION EXPO, A TRADE-ONLY CONFERENCE HELD TWICE A YEAR (VEE IN NYC AND VEW IN LAS VEGAS), TVC HELPS CURATE THE ULTIMATE MARKETPLACE FOR THE VISION COMMUNITY TO CONNECT AND CONDUCT BUSINESS. TVC ALSO FACILITATES AND PARTICIPATES IN A VARIETY OF EVENTS INCLUDING MEMBERS-ONLY DIVISION AND COMMITTEES MEETINGS, PROFESSIONAL FORUMS AND A YEARLY EXECUTIVE SUMMIT.
RESEARCH: FROM CONSUMER TRENDS TO INDUSTRY PERSPECTIVES, TVC'S INSIGHTS RESEARCH PROGRAM DELIVERS TIMELY AND USABLE AND IN-DEPTH ANALYSIS TO MEMBERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Roberts Chair | OfficerTrustee | 4 | $0 |
Scott Shapiro Vice Chair | OfficerTrustee | 2 | $0 |
Ross Brownlee Secretary-Treasurer | OfficerTrustee | 2 | $0 |
Ken Bradley Immediate Past Chair | OfficerTrustee | 2 | $0 |
Tiffanie Burkhalter Director | Trustee | 1 | $0 |
Kevin Cross Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Big Red M Company Llc Research Data | 12/30/22 | $428,377 |
Dataprise It Services | 12/30/22 | $226,642 |
Full Circle Research Co Llc Research Data | 12/30/22 | $200,750 |
Abb Optical Group Research Data | 12/30/22 | $196,500 |
Howe Anderson & Steyer Legal Services | 12/30/22 | $175,121 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,655,399 |
| Investment income | $285,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $52,731 |
| 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 | $9,998,441 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,079 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $13,100 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,013,071 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $883,873 |
| Pension plan accruals and contributions | $128,674 |
| Other employee benefits | $129,034 |
| Payroll taxes | $174,006 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $483,060 |
| Fees for services: Accounting | $55,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,416,146 |
| Advertising and promotion | $256,858 |
| Office expenses | $50,824 |
| Information technology | $160,199 |
| Royalties | $0 |
| Occupancy | $384,508 |
| Travel | $172,161 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,187,129 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,271 |
| Insurance | $47,300 |
| All other expenses | $4,352 |
| Total functional expenses | $8,802,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,263 |
| Savings and temporary cash investments | $526,998 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $553,224 |
| 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 | $731,583 |
| Net Land, buildings, and equipment | $623,930 |
| Investments—publicly traded securities | $11,698,457 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,881,120 |
| Total assets | $17,029,575 |
| Accounts payable and accrued expenses | $697,914 |
| Grants payable | $0 |
| Deferred revenue | $713,906 |
| 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 | $3,237,596 |
| Total liabilities | $4,649,416 |
| Net assets without donor restrictions | $12,283,055 |
| Net assets with donor restrictions | $97,104 |
| 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 | $17,029,575 |
Grants Awarded
Over the last fiscal year, Vision Council Of America has awarded $37,579 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JOBSON HEALTHCARE INFORMATION LLC PURPOSE: SPONSORSHIP | $20,000 |
OPTICS & ELECTRO OPTIC STANDARDS COUNCIL PURPOSE: SPONSORSHIP | $17,579 |