2023-11-15T22:12:04-06:00 2022-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-01-01 311811558 VISIONSPRING INC VISI 2123555145 30 EAST 60TH STREET SUITE 201 NEW YORK NY 10022 ELLA GUDWIN CHIEF EXECUTIVE OFFICER 2123752599 2023-11-15 1 ELLA GUDWIN 999009999 1 GARRETT M HIGGINS P00543209 2122862600 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ELLA GUDWIN 30 EAST 60TH STREET SUITE 201 NEW YORK NY 10022 24128642 0 X WWW.VISIONSPRING.ORG X 2001 NY TO PROVIDE EYEGLASSES AND VISION SCREENING TO UNDERSERVED POPULATIONS THROUGH GLOBAL PROGRAMS. 15 14 20 15 0 0 12674719 23508382 190900 0 31667 95619 -217606 -559579 12679680 23044422 3705571 3640472 0 0 1986196 2304058 0 0 955242 2306079 3046813 7997846 8991343 4681834 14053079 15269850 29273477 1239067 1189608 14030783 28083869 X TO PROVIDE EYEGLASSES AND VISION SCREENING TO UNDERSERVED POPULATIONS THOUGH GLOBAL PROGRAMS. 0 0 7025054 3640472 0 VISIONSPRING WORKS TO INCREASE LIFELONG EARNING, LEARNING, SAFETY, AND WELL-BEING THROUGH EYEGLASSES FOR PEOPLE VULNERABLE TO POVERTY. IN 2022, WE SCREENED 2.13M PEOPLE AND CORRECTED THE VISION OF 1.5M, PROVIDING EYEGLASSES TO LOW-INCOME EARNERS AND LEARNERS TO SEE WELL AND DO WELL. MORE THAN HALF OF THESE INDIVIDUALS RECEIVED THEIR FIRST-EVER PAIR OF EYEGLASSES. VISION CORRECTION WITH THESE EYEGLASSES HAS UNLOCKED AN ESTIMATED $324M IN INCOME-EARNING POTENTIAL FOR HOUSEHOLDS LIVING ON LESS THAN $4 PER DAY. THIS MILESTONE YEAR ALSO MARKED OUR TOTAL DISTRIBUTION OF EYEGLASSES TO 10M PEOPLE SINCE THE ORGANIZATION'S FOUNDING IN 2001. AS THE PANDEMIC RECEDED IN 2022, VISIONSPRING TRANSITIONED BACK TO AN EXCLUSIVE FOCUS ON OPTICAL SERVICES AND EYEGLASSES SALES, GROWING AT A RATE OF 38% YEAR-ON-YEAR AND EXCEEDING OUR ANNUAL GOAL OF EYEGLASSES SOLD AT A RATE OF 106% ACHIEVEMENT. OUR TARGET CUSTOMERS WERE REACHED IN OVER 20 COUNTRIES, INCLUDING OUR LARGEST MARKETS IN INDIA, BANGLADESH, AND SUB-SAHARAN AFRICA. VISIONSPRING'S PROGRAM ACTIVITIES ARE IMPLEMENTED THROUGH TWO MODELS, VISION ACCESS PROGRAMS, AND INSTITUTIONAL PARTNERSHIPS. IN 2022, OUR VISION ACCESS PROGRAMS (VAP) CORRECTED THE VISION OF 652K PEOPLE IN WORKPLACES, FACTORIES, SCHOOLS, TRANSPORTATION HUBS, AND RURAL AND INFORMAL SETTLEMENTS. VISIONSPRING SPECIALIZES IN IMPROVING THE LIVELIHOODS OF WORKING-AGE ADULTS, SUCH THAT 82% OF THOSE SERVED WERE THROUGH OUR SEE TO EARN PROGRAM OF VAP'S IMPACT. OUR VISION ACCESS PROGRAMS ADVANCE OUR IMPACT ALONG THREE THEMES: SEE TO EARN, SEE TO LEARN, AND SEE TO BE SAFE. SEE TO EARN: WE PARTNER WITH PRIVATE FOUNDATIONS, GOVERNMENTS, AND CORPORATE SOCIAL RESPONSIBILITY OFFICES OF MAJOR BUSINESSES TO BRING FREE VISION SCREENING AND LOW-COST GLASSES TO ADULTS ENGAGED IN THE INFORMAL AND AGRICULTURAL ECONOMIES. UNDER SEE TO EARN, OUR LONGEST-RUNNING PROGRAM, READING GLASSES FOR IMPROVED LIVELIHOODS (RGIL), CROSSED THE 2-MILLION-PAIRS MILESTONE AND POSTED A RECORD WITH 256K EYEGLASSES SOLD. DURING 2022, WE EXPANDED RGIL INTO NEW MARKETS, FOCUSING ON WEAVING CLUSTERS IN INDIA, COCOA REGIONS OF GHANA, AND TEA GARDENS IN KENYA. ADDITIONALLY, OUR CLEAR VISION WORKPLACES (CVW) PROGRAM, POWERED BY AN ALLIANCE OF LEADING BRANDS, DRAMATICALLY INCREASES EYEGLASSES COVERAGE RATES AMONG WORKERS WHO PRODUCE TEXTILES, GARMENTS, AND HOME GOODS. IN 2022, WE COMPLETED SCREENINGS FOR 405K WORKERS IN APPAREL AND HOME GOODS FACTORIES AND FOUND THAT 1 IN 3 WORKERS STRUGGLE WITH UNCORRECTED BLURRY VISION. SEE TO LEARN: EYEGLASSES INCREASE A STUDENT'S ABILITY TO SUCCEED IN SCHOOL, BOOSTING LEARNING OUTCOMES EQUIVALENT TO AN ADDITIONAL HALF YEAR OF SCHOOLING ON AVERAGE. IN JULY 2022, WE RESTARTED THE SEE TO LEARN PROGRAM IN INDIA WHEN SCHOOLS REOPENED FOLLOWING COVID SHUTDOWNS. IN ONE SEMESTER, WE SCREENED THE VISION OF 270K SCHOOL CHILDREN AND DISPENSED 62K PAIRS OF EYEGLASSES. SEE TO BE SAFE: EQUIPPING DRIVERS WITH EYEGLASSES ENABLES THEM TO SEE MORE CLEARLY, THEREBY MINIMIZING ROAD HAZARDS. TO LOWER THE INCIDENCE OF VEHICLE ACCIDENTS AND THE ASSOCIATED RISKS OF INJURY AND MORTALITY, WE SCREEN THE VISION OF TRUCKERS, BUS DRIVERS AND ALLIED TRANSPORT WORKERS IN MAJOR TRANSIT HUBS WITH CORPORATE SPONSORS AND MINISTRY OF TRANSPORTATION PARTNERS. IN 2022, VISIONSPRING SCREENED 84K DRIVERS AND TRANSPORT WORKERS, BRINGING OUR SEE TO BE SAFE TOTAL TO 529K SINCE 2018. THROUGH OUR INSTITUTIONAL PARTNERSHIPS, VISIONSPRING SELLS BULK QUANTITIES OF EYEGLASSES, COUPLED WITH TRAINING AND MARKETING SUPPORT, TO OUR NETWORK OF HOSPITAL, PHARMACY, EYE CARE CENTER, NGO, AND GOVERNMENT PARTNERS. OUR PARTNERS RELY ON VISIONSPRING'S QUALITY PRODUCT, TIMELY DELIVERY, FAVORABLE PAYMENT TERMS, AND SELL-THROUGH SUPPORT TO EXPAND THEIR VISION SERVICES TO LOW-INCOME CUSTOMERS. IN 2022, WE SOLD 866K PAIRS OF EYEGLASSES TO OUR PARTNERS, WITH 59% DELIVERED TO INDIA, 23% DELIVERED TO OUR AFRICA-KEY MARKETS, AND 18% DELIVERED TO PARTNERS IN OTHER COUNTRIES. IN MAY 2022, VISIONSPRING LAUNCHED OUR FIRST-EVER 'MADE IN INDIA' RANGE OF EYEGLASSES, "DARE TO MATTER." THE COLLECTION CONSISTS OF 88 FRAME STYLES DESIGNED WITH FEEDBACK FROM THOSE WHO HAVE BEEN WEARING OUR EYEGLASSES FOR YEARS SUCH AS FACTORY WORKERS, STUDENTS, DRIVERS, ARTISANS, AND MICRO ENTREPRENEURS AND INCORPORATED THEIR INPUT TO HELP SHAPE THE MOLDS USED TO MANUFACTURE THE FRAMES. TO SUPPORT VISIONSPRING'S GLOBAL REACH AND IMPACT, WE HAVE TEAM MEMBERS BASED IN MULTIPLE COUNTRIES, INCLUDING BANGLADESH, GHANA, INDIA, KENYA, NIGERIA, UGANDA, VIETNAM, AND ZAMBIA. THESE TEAMS ADVANCE OUR ORGANIZATIONAL MISSION THROUGH LOCALIZED STRATEGIES AND PARTNERSHIPS, ENSURING THAT OUR PROGRAMS ARE CULTURALLY SENSITIVE AND EFFECTIVE. ADDITIONALLY, OUR SUPPORT OFFICE IN THE UNITED STATES PROVIDES ESSENTIAL BACKING, ENABLING US TO EXCEED OUR TARGETS AND CONTINUE EXPANDING OUR SCOPE. THIS INTERNATIONAL ORGANIZATIONAL STRUCTURE HAS BEEN INSTRUMENTAL IN OUR ABILITY TO DELIVER HIGH-QUALITY VISION SERVICES TO LOW-INCOME COMMUNITIES AROUND THE WORLD. 7025054 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 14 0 20 1 0 1 IN BG 0 0 0 0 0 0 0 0 0 0 X 15 14 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X X X VIVEK RATHI GLOBAL VP OF FINANCE 6462147659 30 EAST 60TH STREET SUITE 201 NEW YORK NY 10022 DR JORDAN KASSALOW FOUNDER/SECRETARY/VICE CHAIR 20.00 2.00 X X 155250 0 0 READE FAHS CHAIR 1.00 0.20 X X 0 0 0 JUDITH AIDOO DIRECTOR 1.00 0.00 X 0 0 0 VIPUL BHAGAT DIRECTOR 1.00 0.20 X 0 0 0 JIM BRADY DIRECTOR 1.00 0.20 X 0 0 0 ANDREA CORAVOS DIRECTOR 0.50 0.00 X 0 0 0 CHERYL GREENE DIRECTOR 0.50 0.00 X 0 0 0 KEVIN HASSEY DIRECTOR 1.00 0.00 X 0 0 0 MIKE HUNDERT DIRECTOR 1.00 0.00 X 0 0 0 CINDY LEVINE DIRECTOR 0.50 0.00 X 0 0 0 JAMIE A LEVITT DIRECTOR 0.50 0.00 X 0 0 0 PENNY OUTLAW DIRECTOR 0.10 0.00 X 0 0 0 NANCY ROSENZWEIG DIRECTOR 1.00 0.00 X 0 0 0 HUBERT SANGIERES DIRECTOR (THRU SEP 2022) 0.10 0.00 X 0 0 0 RAHUL SAXENA DIRECTOR 1.00 0.25 X 0 0 0 BRIAN TRELSTAD DIRECTOR 1.00 0.00 X 0 0 0 ELLA GUDWIN CHIEF EXECUTIVE OFFICER 40.00 15.00 X 228885 0 33859 VIVEK RATHI GLOBAL VP OF FINANCE 40.00 18.00 X 152233 0 37210 LEENA PALAV CHIEF OPERATING OFFICER (THRU MAR 2022) 40.00 20.00 X 185693 0 4983 JAMES NAYLOR DIRECTOR OF TECHNOLOGY 40.00 12.00 X 155095 0 32906 HEATHER ANN KOEHN GLOBAL DIRECTOR, MARKETING & COMM. 40.00 26.00 X 135703 0 14874 PERRY J SELLA GLOBAL SUPPLY CHAIN DIRECTOR 40.00 16.00 X 118390 0 5083 SCOTT SCHROEDER GLOBAL VP, RESOURCE MOBILIZATION 40.00 6.00 X 100148 0 1328 1231397 0 130243 8 0 1 0 KOPPAN COMPANY LIMITED JRJGWXC SPECIAL PLAZA 1 LAGOS AV ACCRA GH TRAVEL SERVICES 108188 1 507608 23000774 23508382 95619 95619 524641 1084220 -559579 -559579 23044422 -559579 0 95619 X 3640472 3640472 798113 619760 65959 112394 1236653 960298 102204 174151 10594 4984 2243 3367 123256 75037 18906 29313 135442 88412 18263 28767 223658 161019 42698 19941 1311890 364503 434580 512807 203961 146838 38938 18185 141135 135880 3844 1411 341070 263431 58056 19583 60959 55775 3023 2161 357098 299883 32702 24513 30276 30276 15650 15650 125780 91530 34250 37203 29829 6333 1041 BAD DEBT 113242 113242 DUES & SUBSCRIPTIONS 48794 33556 8995 6243 FOREIGN EXCHANGE 24844 24844 MISCELLANEOUS 11253 7921 1967 1365 8991343 7025054 1011047 955242 4276903 8154989 5013267 15786219 4863783 3722953 338147 647467 526307 666067 0 11880 123351 47580 19429 75771 7678 0 118284 118284 62480 51860 43572 37987 15269850 29273477 473985 851583 565082 338025 200000 0 1239067 1189608 X 12190411 26253953 1840372 1829916 14030783 28083869 15269850 29273477 14053079 7 0 X X 0 1 X 1 0 X 5893582 6432771 8486314 12674719 23508382 56995768 5893582 6432771 8486314 12674719 23508382 56995768 19479329 37516439 5863 18903 34362 31667 95619 186414 2323 6701 9024 57191206 4208592 0.65600 0.43110 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 2,323. 2020 AMOUNT: $ 6,701. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 122334 47580 74754 1017 1017 75771 X 25836261 7 1168 2815731 2816906 23019355 25067 25067 23044422 11882448 1168 2915004 2916172 8966276 25067 25067 8991343 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR THE PERIODS PRIOR TO 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 1,084,220. REVENUE ATTRIBUTABLE TO CONSOLIDATED ENTITIES 1,731,511. PART XI, LINE 4B - OTHER ADJUSTMENTS: FOREIGN EXCHANGE LOSS NETTED AGAINST REVENUE 25,067. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 1,084,220. EXPENSES ATTRIBUTABLE TO CONSOLIDATED ENTITIES 1,830,784. PART XII, LINE 4B - OTHER ADJUSTMENTS: FOREIGN EXCHANGE LOSS NETTED AGAINST REVENUE 25,067. 1 SOUTH ASIA 0 241 PROGRAM SERVICES FOR DESCRIPTION OF PROGRAM SERVICE IN REGION, SEE PART V 163835 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 3476885 SOUTH ASIA 0 0 PROGRAM-RELATED INVESTMENTS 118284 SUB-SAHARAN AFRICA 0 18 PROGRAM SERVICES FOR DESCRIPTION OF PROGRAM SERVICE IN REGION, SEE PART V 1599637 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 163587 EAST ASIA AND THE PACIFIC 0 3 PROGRAM SERVICES FOR DESCRIPTION OF PROGRAM SERVICE IN REGION, SEE PART V 310071 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES FOR DESCRIPTION OF PROGRAM SERVICE IN REGION, SEE PART V 20601 0 262 0 0 0 262 5852900 0 5852900 SUB SAHARAN AFRICA PROVIDE ACCESSS TO AFFORDABLE EYEGLASSES 163587 WIRE TRANSFER 0 SOUTH ASIA PROVIDE ACCESSS TO AFFORDABLE EYEGLASSES 402837 WIRE TRANSFER 0 SOUTH ASIA PROVIDE ACCESSS TO AFFORDABLE EYEGLASSES 599048 WIRE TRANSFER 0 SOUTH ASIA PROVIDE ACCESSS TO AFFORDABLE EYEGLASSES 1540000 WIRE TRANSFER 0 SOUTH ASIA PROVIDE ACCESSS TO AFFORDABLE EYEGLASSES 935000 WIRE TRANSFER 0 4 1 1 0 1 0 0 0 PART I, LINE 2: AT THE BEGINNING OF EACH YEAR, THE PROGRAMS OUTLINE THEIR FINANCIAL NEEDS FOR THAT CALENDAR YEAR AND SUBMIT GRANT AND FUNDING REQUESTS TO THE US OFFICE. EACH PROGRAM OFFICE IS REQUIRED TO JUSTIFY ITS FUNDING AND INVOICES WITH PROJECTIONS AND PURPOSE. THE REQUESTS GO THROUGH THE CEO FOR REVIEW AND APPROVAL. THE ORGANIZATION CONDUCTS MONTHLY CLOSING CALLS WITH THE ENTITIES IN INDIA AND BANGLADESH TO REVIEW CASH FLOW AND ENSURE FUNDING IS UTILIZED APPROPRIATELY. ALL INCOME AND EXPENSE TRANSACTIONS ARE RECORDED IN THE BOOKS AND RECORDS OF THE ORGANIZATION IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. VISIONSPRING, INC. IS NOT A FOREIGN GRANTMAKING ORGANIZATION PER SE. THE ORGANIZATION, THROUGH ITS FOREIGN RELATED ENTITIES AND PARTNER ORGANIZATIONS IN FOREIGN COUNTRIES, CO-CONDUCTS AND SUPPORTS PROGRAMS IN FOREIGN COUNTRIES IN FURTHERANCE OF ITS EXEMPT PURPOSE - TO PROVIDE AFFORDABLE, QUALITY EYEGLASSES TO PEOPLE IN NEED WORLDWIDE. ON THE ORGANIZATION'S WEBSITE, THERE IS A "PARTNER WITH US" SECTION WHERE EACH OF THE ORGANIZATION'S PARTNER PROGRAMS ARE DESCRIBED TO THE PUBLIC AND TO POTENTIAL PARTNERS, INCLUDING "GET STARTED AND "BECOME A PARTNER" BUTTONS WHERE POTENTIAL PARTNERS MAY CONNECT WITH VISIONSPRING, INC., AND THEN FURTHER CONTACT IS MADE REGARDING A POTENTIAL PARTNERSHIP. ADDITIONALLY, THE LEADERSHIP OF VISIONSPRING, INC., THROUGH DEEP FAMILIARITY WITH THE ORGANIZATIONS IN THE FOREIGN COUNTRIES WHERE THEIR PROGRAMS ARE DELIVERED, ARE ABLE TO IDENTIFY APPROPRIATE ORGANIZATIONS WITH WHICH TO PARTNER IN ACHIEVEMENT OF VISIONSPRING, INC. PROGRAM GOALS AND EXEMPT PURPOSES. GRANTS MADE TO FOREIGN RELATED ENTITIES OF VISIONSPRING, INC. ARE TO DIRECTLY CARRY OUT THE PURPOSES AND PROGRAMS OF VISIONSPRING, INC. THEY WERE REPORTED AS SECTION 512(B)(13) CONTROLLED ENTITIES OF VISIONSPRING, INC. ON THE 2020 FORM 990. THE MANAGEMENT OF THE FOREIGN RELATED ENTITIES IS VESTED IN THE SAME PERSONS THAT MANAGE VISIONSPRING, INC. AND THESE PERSONS EXERCISE A SUBSTANTIAL DEGREE OF DIRECTION OVER THE POLICIES, PROGRAMS, AND ACTIVITIES OF EACH OF THE RELATED ENTITIES. THE ACTIVITIES ARE SUCH THAT VISIONSPRING, INC. WOULD HAVE OTHERWISE ENGAGED IN THEM. THE ESTABLISHMENT OF THE RELATED FOREIGN ENTITIES ALLOWED FOR THE COMPLIANCE WITH LOCAL LEGAL REQUIREMENTS AND REGULATIONS IN INDIA AND BANGLADESH. PART I, LINE 3: COLUMN (E): THE ORGANIZATION HAS PROGRAMS IN SOUTH ASIA, SUB-SAHARAN AFRICA, EAST ASIA AND EUROPE. THROUGH THEIR GLOBAL PARTNERS, EYEGLASSES AND EYEWEAR PRODUCTS ARE PROVIDED, AND VISION CAMPAIGNS ARE CONDUCTED IN RURAL AREAS OF EACH COUNTRY TO ENSURE THAT INDIVIDUALS EARNING LESS THAN $4 PER DAY HAVE ACCESS TO FREE VISION SCREENINGS AND AFFORDABLE EYEGLASSES. COLUMN (F): THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING TO RECORD THE EXPENDITURES IN THE REGIONS. PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 1: THE ORGANIZATION IS FILING FORMS 926 BECAUSE IT MEETS THE APPLICABLE THRESHOLDS FOR FILING. SCHEDULE F, PART IV, LINE 3: THE ORGANIZATION IS FILING FORMS 5471 BECAUSE IT MEETS THE APPLICABLE THRESHOLDS FOR FILING. X X X X 1 0 0 0 0 0 0 0 0 ELLA GUDWIN CHIEF EXECUTIVE OFFICER 228885 0 0 0 0 0 9400 0 24459 0 262744 0 0 0 LEENA PALAV CHIEF OPERATING OFFICER (THRU MAR 2022) 106760 0 0 0 78933 0 1354 0 3629 0 190676 0 0 0 VIVEK RATHI GLOBAL VP OF FINANCE 152233 0 0 0 0 0 4853 0 32357 0 189443 0 0 0 JAMES NAYLOR DIRECTOR OF TECHNOLOGY 155095 0 0 0 0 0 2600 0 30306 0 188001 0 0 0 DR JORDAN KASSALOW FOUNDER/SECRETARY/VICE CHAIR 155250 0 0 0 0 0 0 0 0 0 155250 0 0 0 HEATHER ANN KOEHN GLOBAL DIRECTOR, MARKETING & COMM. 135703 0 0 0 0 0 208 0 14666 0 150577 0 0 0 PART I, LINE 4A THE CHIEF OPERATING OFFICER, LEENA PALAV, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $78,933 IN 2022. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS KEVIN HASSEY (DIRECTOR) AND READE FAHS (CHAIRMAN) HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION USES AN OUTSIDE ACCOUNTING FIRM FOR THE PREPARATION OF ITS FORM 990. ONCE THE FORM 990 HAS BEEN PREPARED, IT IS REVIEWED BY MEMBERS OF THE ORGANIZATION'S MANAGEMENT TEAM. A COPY IS PROVIDED TO THE ORGANIZATION'S BOARD OF DIRECTORS BEFORE FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ANY DIRECTOR, OFFICER OR COMMITTEE MEMBER WITH POWERS DELEGATED BY THE ORGANIZATION'S BOARD OF DIRECTORS WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST WITH RESPECT TO A GIVEN TRANSACTION OR ARRANGEMENT. AN INTERESTED PERSON HAS A FINANCIAL INTEREST WITH RESPECT TO A GIVEN TRANSACTION OR ARRANGEMENT IF THE PERSON DIRECTLY ENGAGES IN A TRANSACTION OR ARRANGEMENT WITH THE ORGANIZATION, OR HAS, DIRECTLY OR INDIRECTLY, THROUGH BUSINESS, INVESTMENT, OR FAMILY, ANY OF THE FOLLOWING: I. AN OWNERSHIP OR INVESTMENT INTEREST IN WHICH THE ORGANIZATION HAS A TRANSACTION OR ARRANGEMENT, II. A COMPENSATION ARRANGEMENT WITH THE ORGANIZATION OR WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE ORGANIZATION HAS A TRANSACTION OR ARRANGEMENT, OR III. A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST IN, OR COMPENSATION ARRANGEMENT WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE ORGANIZATION IS NEGOTIATING A TRANSACTION OR ARRANGEMENT. COMPENSATION INCLUDES DIRECT AND INDIRECT REMUNERATION AS WELL AS GIFTS OR FAVORS THAT ARE SUBSTANTIAL IN NATURE. AN INTERESTED PERSON IS REQUIRED TO DISCLOSE THE EXISTENCE OF A POTENTIAL CONFLICT OF INTEREST TO THE BOARD AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS. THE INTERESTED PARTY LEAVES THE ROOM WHILE THE BOARD OR BOARD COMMITTEE REVIEWS AND DISCUSSES ALL MATERIAL FACTS, AND VOTES UPON THE EXISTENCE OF A CONFLICT OF INTEREST. A MAJORITY VOTE DETERMINES IF THERE IS A CONFLICT OF INTEREST. IN ADDITION, THE PRESIDENT OR COMMITTEE CHAIRPERSON MAY APPOINT A DISINTERESTED PERSON TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. FOLLOWING DUE DILIGENCE, THE BOARD OR BOARD COMMITTEE WILL DECIDE IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT DOES NOT GIVE RISE TO A CONFLICT OF INTEREST IS ATTAINABLE. FOR ALL ACTUAL OR POTENTIAL CONFLICT OF INTEREST ISSUES, THE MINUTES OF THE BOARD AND ALL BOARD COMMITTEES CONTAIN THE NAMES OF THE INTERESTED PERSONS, NAMES OF PERSONS PRESENT FOR DISCUSSION AND VOTING, THE CONTENT OF THE DISCUSSION, THE RECORDING OF THE VOTES, AND THE ACTION TAKEN. EACH DIRECTOR, OFFICER AND MEMBER OF A BOARD COMMITTEE ANNUALLY SIGNS A STATEMENT THAT ATTESTS THAT THE INDIVIDUAL HAS RECEIVED, READ, UNDERSTOOD AND AGREES TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. A COPY OF THE DISCLOSURE FORM IS RETAINED WITHIN THE ORGANIZATION'S BOOKS AND RECORDS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DATA IS COLLECTED BY AN INDEPENDENT CONTRACTOR WHO PROVIDES THE ORGANIZATION WITH COMPARABLE DATA FOR THE CEO AND OTHER OFFICERS. THE BOARD OF DIRECTORS REVIEWS AND APPROVES ALL COMPENSATION ARRANGEMENTS FOR TOP LEADERSHIP, INCLUDING THE CEO, FOUNDER, AND COO. THE CEO APPROVES THE COMPENSATION FOR OTHER PERSONNEL. ALL BOARD DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES, WHICH ARE KEPT ON FILE WITH THE ORGANIZATION'S BOOKS AND RECORDS. THIS PROCESS WAS LAST UNDERTAKEN IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND FORM 1023 ARE AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE SERVICE CODE AS IT IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR WEBSITES. THE ORGANIZATION ALSO POSTS THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ON ITS WEBSITE. IN ADDITION, THE FINANCIAL STATEMENTS, ARTICLES OF INCORPORATION AND BYLAWS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 364,503. MANAGEMENT AND GENERAL EXPENSES 434,580. FUNDRAISING EXPENSES 512,807. TOTAL EXPENSES 1,311,890. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. VISIONSPRING INDIA CO VISIONSPRING 4TH FLOOR GUMIDELLI COMMERCIAL COM HYDERABAD BEGUMPET-500016 IN PROVIDES TECHNICAL ASSISTANCE & ADVICE REGARDING OPTICAL INTERVENTIONS IN VISIONSPRING INC 1 VISIONSPRING SOCIETY PLOT 8/SURVEY 22 SAI NAGAR COLONY SECUNDERABAD IN 500 009 PROVIDES EYE-SCREENING, PRIMARY EYE-CARE SERVICES, AND EYE-HEALTH ADVICE IN VISIONSPRING INC 1 VISIONSPRING FOUNDATION CO VISIONSPRING REGUS ELEGANCE 2F ELEGANCE JASOL NEW DELHI IN 110025 PROVIDES ACCESS TO AFFORDABLE EYE CARE TO POOR & MARGINALIZED PEOPLE IN VISIONSPRING INC 1 VISIONSPRING GHANA LIMITED HOUSE NUMBER L58 NEAR HATA HOSTE ACCRA GH GA-555-238 PROVIDES ACCESS TO AFFORDABLE EYE CARE TO POOR & MARGINALIZED PEOPLE GH VISIONSPRING INC 1 VISIONSPRING NIGERIA EYE HEALTH INITIATIVE COMPANY 182A CORPORATION DRIVE DOLPHINE ES LAGOS NI PROVIDES ACCESS TO AFFORDABLE EYE CARE TO POOR & MARGINALIZED PEOPLE NI VISIONSPRING INC 1 VISIONSPRING PRIVATE LIMITED D-448 1ST FL SECTOR-7 DWARKA NEW DELHI IN 110075 IMPORT, EXPORT, SALES OF OPTICAL LENSES, GLASSES & FRAMES IN VISIONSPRING INC C 973206 1002626 0.99900 1 VISIONSPRING BANGLADESH LTD HOTEL PURBANI ANNEX-2 4TH FLOOR DHAKA BG 1000 SELL READING GLASSES BG VISIONSPRING INC C 443226 274426 0.99900 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 VISIONSPRING PRIVATE LIMITED B 935000 COST VISIONSPRING BANGLADESH LTD B 599048 COST VISIONSPRING FOUNDATION B 1540000 COST