Overview
What is Visionspring Inc?
Visionspring Inc is a New York-based nonprofit organization dedicated to enhancing the lives and livelihoods of vulnerable populations by providing eyeglasses and vision screenings. In 2022, they screened 2.13 million people and corrected the vision of 1.5 million individuals, vastly increasing their earning potential and overall well-being. Their activities are implemented through two models: Vision Access Programs (VAP) and Institutional Partnerships. VAP targets various settings like workplaces, factories, schools, and transportation hubs, with a focus on adult learners and earners. Institutional Partnerships involve selling eyeglasses in bulk to hospitals, pharmacies, eye care centers, NGOs, and governments. With a team of dedicated professionals working across multiple countries, Visionspring's global reach ensures culturally sensitive and effective programs. Their offerings include Readings Glasses for Improved Livelihoods (RGIL) and Clear Vision Workplaces (CVW), aiming to improve earning opportunities, learning outcomes, and safety. Through strategic partnerships, Visionspring has sold over 866,000 pairs of eyeglasses to their partners in 2022.
Official website here: www.visionspring.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
Visionspring Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 97% in this area, the organization demonstrates a high level of transparency and ethical governance, including a majority of independent board members and robust financial oversight. The organization has effectively maintained a low liability to asset ratio, a high program expense ratio, and exceptional fundraising efficiency, signifying efficient use of donor funds.
In addition to its financial strengths, Visionspring has excelled in leadership and adaptability, receiving a perfect score of 100%. The organization has established clear strategic goals aimed at scaling its successful programs, maintaining connections with eyeglass customers, and enhancing operational efficiencies. This forward-thinking approach positions Visionspring well for sustained impact in the communities it serves.
While the data does not highlight any significant limitations, it is important to note that the organization's success is inherently tied to its ability to continually meet its strategic goals and adapt to changing market conditions. Overall, Visionspring Inc is demonstrating commendable performance and a commitment to fulfilling its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Visionspring Inc legitimate?
Visionspring Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Visionspring Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $798,113
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,236,653
For more financial information, click here
Official website here: www.visionspring.org
What is the mission statement of Visionspring Inc?
Visionspring Inc is dedicated to providing eyeglasses and vision screenings to underserved populations around the world. Through their global programs, they aim to enhance lifelong earning, learning, safety, and well-being by addressing vision needs. In 2022, they screened over 2.13 million people and corrected the vision of 1.5 million individuals, enabling them to see clearly and succeed in various aspects of life. Their efforts have unlocked an estimated $324 million in income-earning potential for households living in poverty. Visionspring focuses on improving the livelihoods of working-age adults and advances their impact through programs that address the themes of "See to Earn," "See to Learn," and "See to Be Safe." The organization partners with foundations, governments, and businesses to provide free vision screenings and affordable glasses for adults in the informal and agricultural economies. They also collaborate with institutions to sell bulk quantities of eyeglasses, offering training and marketing support to expand their vision services to low-income communities.
Official website here: www.visionspring.org
Who is the CEO of Visionspring Inc?
Ella Gudwin is the Founder/Secretary/Vice Chair of Visionspring Inc. The CEO's salary of Visionspring Inc is $228,885 and their total compensation is $262,744.
Official website here: www.visionspring.org
What is the revenue of Visionspring Inc?
Visionspring Inc's revenue in 2022 was $23,044,422.
Official website here: www.visionspring.org
Who are the executives of Visionspring Inc and what are their salaries?
The average compensation at Visionspring Inc during 2022 was $101,738. There are 20 employees and 15 volunteers at Visionspring Inc.
Here are 23 key members and their salaries (Visionspring Inc's CEO's salary is $228,885 and their total compensation is $262,744):
- Compensation: $155,250
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- Compensation: $228,885
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- Other: $33,859
- Compensation: $152,233
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- Other: $37,210
- Compensation: $185,693
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- Other: $4,983
- Compensation: $155,095
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- Other: $32,906
- Compensation: $135,703
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- Other: $14,874
- Compensation: $118,390
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- Other: $5,083
- Compensation: $100,148
- Related: $0
- Other: $1,328
Official website here: www.visionspring.org
Where can I find the form 990 for Visionspring Inc?
Visionspring Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.visionspring.org
Learn more at the official website: www.visionspring.org
Mission Statement of Visionspring Inc
Visionspring Inc, a global organization, is dedicated to enhancing the lives of underserved populations by providing essential eye care services. With a mission to screen vision and distribute eyeglasses, Visionspring aims to increase the earning potential, learning abilities, and safety of vulnerable individuals. In 2022, the nonprofit reached a milestone by screening 2.13 million people and correcting the vision of 1.5 million, many of whom received their first-ever pair of eyeglasses. These corrective lenses unlocked an estimated $324 million in income-earning potential for households living in poverty.
Through their Vision Access Programs and institutional partnerships, Visionspring focuses on improving the livelihoods of working-age adults, students, and ensuring the safety of drivers and transport workers. The organization's See to Earn program targets adults in the informal and agricultural economies, providing free vision screenings and affordable glasses. In the manufacturing sector, Visionspring's Clear Vision Workplaces program, powered by leading brands, dramatically increases the coverage rates of workers in apparel, textiles, and home goods factories.
In the educational sector, Visionspring's See to Learn program enhances students' academic performance, equivalent to an additional half year of schooling on average. The program restarted in India in 2022, following Covid-19 shutdowns, and screened the vision of 270,000 school children, distributing 62,000 pairs of eyeglasses. In terms of road safety, Visionspring screens the vision of truckers, bus drivers, and transport workers in major transit hubs, ensuring they have clear vision to minimize hazards and reduce the risks of accidents. In 2022, the organization screened 84,000 drivers and transport workers, bringing their total to 529,000 since 2018.
Through strategic partnerships and a global organizational structure, Visionspring is able to expand its reach and impact on low-income communities around the world. The nonprofit's international teams work on localized strategies, ensuring culturally sensitive and effective programs. Visionspring's support office in the United States provides essential backing, helping the organization exceed targets and continue expanding its scope.
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Impact
October, 2024
Visionspring Inc significantly enhances the lives of underserved populations by providing access to eyeglasses and vision screening, directly impacting earning potential, educational outcomes, and overall safety. In 2022, they screened 2.13 million individuals and corrected the vision of 1.5 million, with many receiving their first pair of glasses. This intervention unlocked an estimated $324 million in income-earning potential for households living on less than $4 per day.
The organization's programs are structured around three key themes:
1. **See to Earn**: By partnering with various stakeholders, Visionspring delivers free vision screenings and affordable eyewear to individuals engaged in informal and agricultural economies. This initiative has proven essential for working-age adults, with a particular focus on enhancing productivity and income.
2. **See to Learn**: Eyeglasses significantly improve student performance, leading to better educational outcomes. After the pandemic, Visionspring successfully reinstated its See to Learn program, screening 270,000 children and dispensing 62,000 pairs of glasses, which correlates with an improvement in academic achievement.
3. **See to Be Safe**: In an effort to reduce road accidents and enhance safety for transport workers, Visionspring screens drivers and transport personnel, enabling them to perform their jobs more safely. Their efforts in this area have already benefited over 529,000 workers since 2018.
Through institutional partnerships, Visionspring also supports a scalable model that includes bulk sales of eyeglasses to healthcare providers, enhancing their capacity to serve low-income clients. Their "Made in India" range launched in 2022 reflects a commitment to local manufacturing and community involvement, ensuring the frames are designed with feedback from actual users.
This multifaceted approach, coupled with a strong international presence, allows Visionspring to deliver high-quality vision services effectively, making a tangible difference in the lives of millions.
This information is meant to be a general summary of Visionspring Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $95,619
- Gross Receipts: $24,128,642
Assets and Liabilities:
- Total Assets: $29,273,477
- Total Liabilities: $1,189,608
- Net Assets: $28,083,869
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Organization Details
Founding Year
2001
Phone
(212) 355-5145Principal Officer
Ella Gudwin
Main Address
30 EAST 60TH STREET SUITE 201, NEW YORK, NY, 10022
Website
www.visionspring.orgNTEE Category
Code: T12 - Philanthropy
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