The Vision Council Foundation
Nonprofit profile at a glance
- EIN
- 521645988
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Alexandria, VA, USA
- Phone
- 7037409919
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $3,291
- Expenses
- $41,769
- Assets
- $300,042
- Liabilities
- $127,707
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- ASHLEY MILLS (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- ASHLEY MILLS (CHIEF EXECUTIVE OFFICER): $413,261 total reported compensation
- BRIAN CARROLL (CFO/COO): $317,141 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The vision council foundation is the 501c3 organization associated with the parent 501c6 company, the vision council. The purpose of the organization is to increase public awareness of the need for eyecare, to educate the public of new product development and technology which will aid in protecting, preserving and enhancing vision, and to encourage research and publish information relating to vision care and vision care products.
What it reported doing in 2024
The vision council, through the vision council foundation, is pleased to sponsor opening your eyes: the vision council scholarship fund, a 501 (c)(3) organization designed to support high school students from diverse backgrounds throughout the united states who have an interest in pursuing a career in the optical industry. The program will support selected opticianry students through monetary scholarships. The intent of the program is to launch a far-reaching effort that can expand diversity in the optical industry.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 63
- Accountability: 100
- Sustainability: 21
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 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: 91.2%; rating input score 91; 54th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1,169.2%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 7.18; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 0.43; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 83.2%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: -70.8% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: 5.9% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 16.1% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $42K in reported program spending
- Leadership: top reported pay $413K · 17 people listed · 0 of 6 pay-setting controls reported
- Consistency: 14 of 15 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 4 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 7 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 5/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.
- High — Sustainability: Officer compensation ratio scored 4/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.