Eternal Vision
Legal name: Eternal Vision Inc
Nonprofit profile at a glance
- EIN
- 204458362
- IRS 990 coverage
- 2011–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Watertown, WI, United States
- Phone
- 9202616700
- Rating
- 60
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Management & Technical Assistance
- Affiliation
- Religious (unspecified)
Reported finances
- Revenue
- $524,063
- Expenses
- $166,959
- Assets
- $1,250,259
- Liabilities
- $25,482
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Matthew Davis (President)
- David Pennington (Vice President)
Highest reported compensation
- Matthew Davis (President): $24,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of Eternal Vision is to promote quality and excellence in ministry by teaching Biblical stewardship and building ministry endowments. The name "Eternal Vision" signifies our focus on helping Christians lay up Heavenly treasure as they prepare for the day when they will stand before the Lord Jesus Christ and receive eternal rewards for their service and stewardship. Our name also reflects the extended impact endowment giving continues to provide long after the lifetime of an individual donor. Because our Vision Endowments are secured by an assured promise to maintain Biblical standards, donations are guaranteed to have a significant impact for Bible-right ministry causes until the Lord's return. Ministry Information Copyright 2007-2022, Eternal Vision, Inc. All rights reserved.
What it reported doing in 2025
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
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 96% of its reported program spending out as grants.
The verdict
SUPPORTED - 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 some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 41
- Transparency & Controls: 85
- Accountability: 65
- Sustainability: 80
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 25.7%; rating input score 26
- Program expense ratio: 79.6%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 10th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 86.4%; rating input score 86; 41st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 19th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 68.1%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 7.49; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 53; 53rd percentile among comparable filings
- Officer compensation ratio: 14.4%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: -3.6% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: -1.5% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: 0.9% per year; rating input score 100; 18th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 25.7% of revenue deployed · 79.6% of spending went to programs
- Governance: 3 of 4 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $133K in reported program spending
- Leadership: top reported pay $24K · 4 people listed
- Consistency: 19 of 20 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 15 filing years from 2011 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- High — Financial Efficiency: Mission deployment rate scored 26/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 26/100.
- Review — Sustainability: Liabilities to assets ratio scored 53/100.