Vons Vision Inc

Nonprofit profile at a glance

EIN
460839089
IRS 990 coverage
2014–2024
Forms available
Form 990 2024, Form 990-N 2012
Location
Florence, KY, USA
Phone
8597463431
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Blind/Visually Impaired Centers

Official website

Reported finances

Revenue
$641,050
Expenses
$708,957
Assets
$3,256,943
Liabilities
$2,531

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

Leadership & pay

4 people listed

Executive titles in this filing

  • VON MILLER (PRESIDENT)

People named in this filing

  • JOBY BRANION (VICE PRESIDE)
  • JOEY FESTE (DIRECTOR)
  • VON MILLER (PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

The mission of von's vision is to provide low-income students with the eye care and fashcorrective eyewear they need to be their best in the classroom and in life.

What it reported doing in 2024

Von's vision day - the flagship outreach program of the foundation is vons vision day. Vons vision day provides children from across our target markets identified and invited through our relationships with schools, after-school programs, and community organizations with access to free eye-screening and, if needed, a free eye exam conducted by volunteer optometrists and ophthalmologists. Exclusive frames provider, etnia barcelona, offers a large selection of high-end, fashion-forward frames for program participants to choose from. Through our industry partnerships, vons vision fulfills the prescription lenses and delivers a final pair of prescription glasses to the program recipient. Vons vision has held annual vision day programs in denver every year since 2014, providing over 5 million in no-cost eyecare and corrective eyewear to over 9,000 students in-need. Through partnership with etnia barcelona, vons vision has also held roadshow vision day programs in miami, las vegas and Kansas city.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 66% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 94
  • Accountability: 62
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.7%; rating input score 88
  • Program expense ratio: 79.3%; rating input score 79
  • Fundraising efficiency: $2.6 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th 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; 16th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -10.6%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 4.59; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 15.5% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 10.1% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 20.8% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • Where the money goes: 87.7% of revenue deployed · 79.3% of spending went to programs
  • Governance: 3 of 4 board members independent · 3 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $562K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Highest-paid contractors: 1 contractor listed · $167K reported
  • Consistency: 22 of 22 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • 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 — Accountability: Governance controls: 3 of 6 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 7/100.
  • High — Sustainability: Operating margin scored 16/100.