Envision Foundation Inc

Nonprofit profile at a glance

EIN
203874095
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Wichita, KS, USA
Phone
3164401517
Rating
58
Verdict
MIXED
Rating confidence
Standard
Sector
Single Organization Support

Official website

Reported finances

Revenue
$2,556,536
Expenses
$967,228
Assets
$5,078,090
Liabilities
$111,471

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • MICHAEL MONTEFERRANTE (CEO/DIRECTOR/OFFICER)

Highest reported compensation

  • MICHAEL MONTEFERRANTE (CEO/DIRECTOR/OFFICER): $754,748 total reported compensation
  • MARK EATON (CFO/OFFICER): $410,060 total reported compensation
  • TERESA HOUSTON (DIRECTOR): $112,654 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To improve the quality of life and provide inspiration and opportunity for people who are blind and visually impaired through employment, outreach, rehabilitation, education and research.

What it reported doing in 2024

The foundation provides fundraising support for a multitude of direct mission services and programs for people who are blind or visually impaired, including: early childhood education (infant through pre-kindergarten), programs for middle and high school students (monthly meetings virtually & weeklong summer conferences to learn assistive technology and get coaching to prepare them for careers or college), an outdoor summer camp with one-on-one mentors, adult support group, art programs for people of all ages who are blind or visually impaired, and rehabilitation services to enable those who have lost or are losing sight maintain independence. See schedule o for continuation.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 96% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 50
  • Transparency & Controls: 67
  • Accountability: 72
  • Sustainability: 80
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 30.4%; rating input score 30
  • Program expense ratio: 80.3%; rating input score 80
  • Fundraising efficiency: $19.49 raised per $1 spent on fundraising; rating input score 58; 58th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 24th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 62.2%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 5.25; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 21.5%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: -2.7% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: -3.9% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -0.8% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 30.4% of revenue deployed · 80.3% of spending went to programs
  • Governance: 4 of 6 board members independent · 7 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $777K in reported program spending
  • Leadership: top reported pay $755K · 7 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 8 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 30/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 58/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.