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Vision Charitable Trust

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$4.65M (2023)

Expenses
$4.77M (2023)

Total Assets
$1.47M (2023)

Total Liabilities
$209k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,650,821
Expenses
$4,769,015
Net Income
-$118,194
Net Assets
$1,263,054
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,640,184
99.8%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $7,394
0.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $3,243
0.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $410,960
8.6%
Professional Fundraising Fees $179,318
3.8%
Other Salaries and Wages $709,719
14.9%
Assets/Debt
Total Assets $1,471,904
Total Liabilities $208,850
Net Assets $1,263,054
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jason Yates (Chief Executive Officer & President) $200,000 $0 $4,895
Craig Michaelis (Chief Operating Officer) $131,250 $0 $8,815
Gregory Stielstra (Communications Director) $116,154 $0 $0
Michael S Yates (Cfo & Trustee) $66,000 $0 $0
Darryl Rosser (Vice Chairman) $0 $0 $0
Sealy M Yates (Chairman) $0 $0 $0
Chris Sadler (Trustee) $0 $0 $0
Dale Kelton (Trustee) $0 $0 $0
David Huckabee (Trustee) $0 $0 $0
Johnnie Moore (Trustee) $0 $0 $0
Rev Tony Suarez (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,287,416
Expenses
$7,867,613
Net Income
-$1,580,197
Net Assets
$1,381,248
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,289,409
> 100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $1,285
0.0%
Rental Property Income $0
Net Fundraising -$7,010
Sales of Assets $0
Net Inventory Sales $3,732
0.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $392,698
5.0%
Professional Fundraising Fees $138,586
1.8%
Other Salaries and Wages $406,256
5.2%
Assets/Debt
Total Assets $1,672,238
Total Liabilities $290,990
Net Assets $1,381,248
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jason Yates (Chief Executive Officer & President) $181,948 $0 $0
Craig Michaelis (Chief Operating Officer) $131,250 $0 $0
Michael S Yates (Cfo) $79,500 $0 $0
Sealy M Yates (Chairman) $0 $0 $0
Darryl Rosser (Vice Chairman) $0 $0 $0
Dale Kelton (Trustee) $0 $0 $0
Johnnie Moore (Trustee) $0 $0 $0
David Huckabee (Trustee) $0 $0 $0
Rev Tony Suarez (Trustee) $0 $0 $0
Chris Sadler (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,477,913
Expenses
$4,669,752
Net Income
$808,161
Net Assets
$2,961,445
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,435,720
99.2%
Program Services $0
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $41,358
0.8%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $834
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $349,303
7.5%
Professional Fundraising Fees $140,352
3.0%
Other Salaries and Wages $388,266
8.3%
Assets/Debt
Total Assets $3,057,411
Total Liabilities $95,966
Net Assets $2,961,445
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jason Yates (Chief Executive Officer & President) $152,871 $0 $0
Craig Michaelis (Chief Operating Officer) $124,433 $0 $0
Michael S Yates (Cfo) $72,000 $0 $0
Sealy M Yates (Chairman) $0 $0 $0
Darryl Rosser (Vice Chairman) $0 $0 $0
Brett Eastman (Trustee) $0 $0 $0
Dale Kelton (Trustee) $0 $0 $0
Johnnie Moore (Trustee) $0 $0 $0
David Huckabee (Trustee) $0 $0 $0
Rev Tony Suarez (Trustee) $0 $0 $0
Chris Sadler (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,886,837
Expenses
$10,577,021
Net Income
$1,309,816
Net Assets
$2,161,962
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,885,229
100.0%
Program Services $0
Investment Income $53
0.0%
Bond Proceeds $0
Royalties $35,288
0.3%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$33,733
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $320,750
3.0%
Professional Fundraising Fees $221,813
2.1%
Other Salaries and Wages $64,911
0.6%
Assets/Debt
Total Assets $2,227,858
Total Liabilities $65,896
Net Assets $2,161,962
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jason Yates (Chief Executive Officer) $130,000 $0 $0
Craig Michaelis (Chief Operating Officer) $118,750 $0 $0
Michael S Yates (Vice Chairman/Cfo) $72,000 $0 $0
Sealy M Yates (President/Chairman) $0 $0 $0
Brett Eastman (Trustee) $0 $0 $0
Dale Kelton (Trustee) $0 $0 $0
Johnnie Moore (Trustee) $0 $0 $0
David Huckabee (Trustee) $0 $0 $0
Darryl Rosser (Trustee) $0 $0 $0
Rev Tony Suarez (Trustee) $0 $0 $0
Chris Sadler (Trustee/Consultant) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,509,960
Expenses
$2,318,347
Net Income
$191,613
Net Assets
$1,764,146
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,456,703
97.9%
Program Services $0
Investment Income $446
0.0%
Bond Proceeds $0
Royalties $56,720
2.3%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$3,909
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $323,177
13.9%
Professional Fundraising Fees $124,585
5.4%
Other Salaries and Wages $28,940
1.2%
Assets/Debt
Total Assets $1,850,511
Total Liabilities $86,365
Net Assets $1,764,146
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jason Yates (Chief Executive Officer) $128,250 $0 $0
Craig Michaelis (Chief Operating Officer) $116,927 $0 $0
Michael S Yates (Vice Chairman/Cfo) $78,000 $0 $0
Sealy M Yates (President/Chairman) $0 $0 $0
Brett Eastman (Trustee) $0 $0 $0
Chauncey Crandall (Trustee) $0 $0 $0
Johnnie Moore (Trustee) $0 $0 $0
David Huckabee (Trustee) $0 $0 $0
Chris Sadler (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,542,060
Expenses
$1,709,443
Net Income
-$167,383
Net Assets
$1,926,948
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,442,842
93.6%
Program Services $0
Investment Income $502
0.0%
Bond Proceeds $0
Royalties $98,705
6.4%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $11
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $308,501
18.0%
Professional Fundraising Fees $75,750
4.4%
Other Salaries and Wages $41,755
2.4%
Assets/Debt
Total Assets $1,959,610
Total Liabilities $32,662
Net Assets $1,926,948
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jason Yates (Chief Executive Officer) $124,000 $0 $0
Craig Michaels (Chief Operating Officer) $112,500 $0 $0
Michael S Yates (Vice Chairman/Cfo) $72,000 $0 $0
Sealy M Yates (President/Chairman) $0 $0 $0
Brett Eastman (Trustee) $0 $0 $0
Chauncey Crandall (Trustee) $0 $0 $0
Johnnie Moore (Trustee) $0 $0 $0
David Huckabee (Trustee) $0 $0 $0
Chris Sadler (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,046,779
Expenses
$2,470,271
Net Income
-$1,423,492
Net Assets
$2,949,535
Notable Sources of Revenue Percent of Total Revenue
Contributions $835,560
79.8%
Program Services $0
Investment Income $781
0.1%
Bond Proceeds $0
Royalties $212,013
20.3%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$1,575
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $287,479
11.6%
Professional Fundraising Fees $103,390
4.2%
Other Salaries and Wages $153,050
6.2%
Assets/Debt
Total Assets $2,988,022
Total Liabilities $38,487
Net Assets $2,949,535
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jason Yates (Chief Executive Officer) $164,042 $0 $0
Craig Michaels (Chief Operating Officer) $123,437 $0 $0
Michael S Yates (Vice Chairman/Cfo) $0 $0 $0
Sealy M Yates (President/Chairman) $0 $0 $0
Brett Eastman (Trustee) $0 $0 $0
Chancey Crandall (Trustee) $0 $0 $0
Johnnie Moore (Trustee) $0 $0 $0
David Huckabee (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,658,503
Expenses
$3,936,219
Net Income
$4,722,284
Net Assets
$4,766,097
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,558,382
87.3%
Program Services $0
Investment Income $308
0.0%
Bond Proceeds $0
Royalties $1,113,999
12.9%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$14,186
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $239,749
6.1%
Professional Fundraising Fees $97,915
2.5%
Other Salaries and Wages $71,660
1.8%
Assets/Debt
Total Assets $4,849,988
Total Liabilities $83,891
Net Assets $4,766,097
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jason Yates (Chief Executive Officer) $141,208 $0 $0
Craig Michaels (Chief Operating Officer) $98,541 $0 $0
Michael S Yates (Vice Chairman/Cfo) $0 $0 $0
Sealy M Yates (President) $0 $0 $0
Robert Grant (Director) $0 $0 $0
Christopher Williams (Director) $0 $0 $0
Johnnie Moore (Director) $0 $0 $0
Randy Hall Part Year (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$157,730
Expenses
$138,377
Net Income
$19,353
Net Assets
$43,814
Notable Sources of Revenue Percent of Total Revenue
Contributions $154,260
97.8%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $3,468
2.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $43,814
Total Liabilities $0
Net Assets $43,814
Compensation
Key Employees and Officers Compensation Related Other
Michael S Yates (Chief Financial Officer) $0 $0 $0
Sealy M Yates (President) $0 $0 $0
Robert Grant (Director) $0 $0 $0
Christopher Williams (Director) $0 $0 $0
Johnnie Moore (Director) $0 $0 $0
Randy Hall (Director) $0 $0 $0
Jason Yates (Chief Executive Officer) $0 $0 $0
Craig Michaels (Chief Operating Officer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$152,433
Expenses
$134,043
Net Income
$18,390
Net Assets
$23,638
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $152,433
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $134,043
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $47,276
Total Liabilities $23,638
Net Assets $23,638

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$147,749
Expenses
$158,787
Net Income
-$11,038
Net Assets
$5,249
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $147,749
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $158,680
99.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,249
Total Liabilities $0
Net Assets $5,249

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$242,777
Expenses
$244,903
Net Income
-$2,126
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $242,777
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $244,903
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $16,287
Total Liabilities $16,287
Net Assets $0

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$133,524
Expenses
$127,623
Net Income
$5,901
Net Assets
$5,900
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $133,524
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $127,623
100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $24,313
Total Liabilities $18,413
Net Assets $5,900

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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