2024-11-15T15:57:56-06:00 2023-12-31 814234542 BPM LLP 10 ALMADEN BOULEVARD SUITE 1000 SAN JOSE CA 951132238 990 2023-01-01 454920275 RESTORINGVISION REST 8334483744 2443 FILLMORE ST 380-4700 SAN FRANCISCO CA 94115 KATRINA POSEY VP OF FINANCE & ACCOUNTING 8334483744 2024-11-14 1 0 TAMARA L MCINERNEY P00011797 4089616300 2024-11-14 2023 2024-10-15 13:58:12Z PELIN MUNIS 2443 FILLMORE ST 380-4700 SAN FRANCISCO CA 94115 6631364 0 X WWW.RESTORINGVISION.ORG X 2012 CA TO EMPOWER LIVES BY RESTORING VISION FOR MILLIONS OF PEOPLE IN NEED. 8 7 37 1000 0 0 3333790 6081088 338243 509971 363 36567 4086 3738 3676482 6631364 2099057 2198287 0 0 1210007 1650532 0 50750 480085 806387 1472163 4115451 5371732 -438969 1259632 3851264 5787425 1393320 1621494 2457944 4165931 X TO EMPOWER LIVES BY RESTORING VISION FOR MILLIONS OF PEOPLE IN NEED. WE DO THIS BY CREATING EQUITABLE ACCESS TO CRITICAL VISION SERVICES AND EYEGLASSES FOR INDIVIDUALS LIVING ON LESS THAN $2/DAY. OUR PROGRAMS AND VISION INTERVENTIONS ARE AT THE INTERSECTION OF GLOBAL HEALTH, EDUCATION, AND ECONOMIC DEVELOPMENT, AND ADVANCE PROGRESS IN EIGHT OF THE 17 UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS. 0 0 4528367 2198287 509971 RESTORINGVISION'S PROGRAMS ARE IMPLEMENTED IN PARTNERSHIP WITH AN UNPARALLELED NETWORK OF 3,000 NGOS AND GOVERNMENT PARTNERS. WE HAVE TWO PROGRAMS, OUR GLOBAL ACCESS PROGRAM AND COMMUNITY OUTREACH PROGRAM, WHICH COLLECTIVELY REACH 4.28 MILLION PEOPLE ANNUALLY WITH THE VISION SERVICES AND EYEGLASSES THEY NEED TO SEE CLEARLY IN ORDER TO LIVE INDEPENDENT, PRODUCTIVE, AND HEALTHY LIVES. OUR PROGRAMS FOCUS PRIMARILY ON THE PROVISION OF VISION SCREENINGS AND READING GLASSES TO ADDRESS PRESBYOPIA, WHICH IMPACTS 826 MILLION PEOPLE WORLDWIDE. WE ALSO ADDRESS OTHER EYE ISSUES INCLUDING MYOPIA THROUGH THE PROVISION OF EYE EXAMS AND MINUS GLASSES FOR ADULTS AND CHILDREN AND THE PROVISION OF PROTECTIVE SUNGLASSES TO PREVENT THE EARLY ONSET OF CATARACTS AND OTHER EYE DISEASES. CONSISTENT WITH OUR STRATEGIC PLAN, WE ARE INCREASING OUR FOOTPRINT IN AFRICA, REACHING MORE REFUGEES, AND BUILDING LOCAL PROGRAMS TO ENSURE SUSTAINABLE ACCESS TO VISION SERVICES FOR PEOPLE LIVING IN POVERTY. THIS YEAR WE WILL REACH 100 COUNTRIES AND SCALE OUR WORK IN 18 COUNTRIES. SINCE OUR FOUNDING IN 2003, WE HAVE REACHED OVER 20 MILLION PEOPLE IN 144 COUNTRIES. 4528367 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 13 0 1 37 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA AL CT FL GA HI IL ME MA MI MS NY NC OH RI SC UT X PELIN MUNIS 8334483744 2443 FILLMORE ST 380-4700 SAN FRANCISCO CA 94115 KEVIN HASSEY BOARD CHAIR 10.00 X X 0 0 0 ERWIN CHO SECRETARY 1.00 X X 0 0 0 READE FAHS DIRECTOR 1.00 X 0 0 0 CHRIS HARRIS DIRECTOR 1.00 X 0 0 0 MYLES LEWIS DIRECTOR 1.00 X 0 0 0 PELIN MUNIS CEO 50.00 X X 238702 0 56835 JAYANTH BHUVARAGHAN DIRECTOR 1.00 X 0 0 0 MARY ANN PETERS DIRECTOR 1.00 X 0 0 0 KATRINA POSEY VP OF FINANCE & ACCOUNTING 40.00 X 83744 0 1142 DONALD BARCLAY CFO (THRU 03/23) 50.00 X 51145 0 1709 AMINAH YOBA SR DIRECTOR OF DEVELOPMENT 40.00 X 141903 0 16107 515494 0 75793 2 0 1 0 JULIANE HORTON 5 OCEANSIDE CT SPRING LAKE NJ 07762 STRATEGIC HUMAN RESOURCES CONSULTANT 266498 1 6081088 1253938 6081088 HANDLING FEES 900099 437003 437003 SHIPPING INCOME 900099 61842 61842 SERVICE FEES INCOME 900099 11126 11126 509971 36567 36567 CREDIT CARD REWARDS 900099 3738 3738 3738 6631364 509971 0 40305 413811 413811 1784476 1784476 388381 271867 58257 58257 1081262 833195 55387 192680 18659 14474 -687 4872 53966 43227 452 10287 108264 87542 5684 15038 1000 1000 92881 27576 60589 4716 50750 50750 420212 309294 55413 55505 81761 56203 5372 20186 28566 15783 7867 4916 236481 129005 64439 43037 24989 4998 17492 2499 108124 87429 5677 15018 16593 4222 11646 725 FREIGHT AND SHIPPING 273284 273284 INVENTORY ADJUSTMENT 89958 89958 OTHER EXPENSES 83351 68557 13266 1528 PRODUCTION SERVICES 13050 13050 1913 416 1426 71 5371732 4528367 363280 480085 123144 573369 1959838 1986406 9015 3565 1753967 3209308 5300 14777 3851264 5787425 1393320 1621494 1393320 1621494 X 2457944 3795492 370439 2457944 4165931 3851264 5787425 1259632 448355 0 X X 0 1 X 1 0 X 2330755 1260985 2487497 3333790 6081088 15494115 2330755 1260985 2487497 3333790 6081088 15494115 9313071 6181044 714 414 178 363 36567 38236 1173 3738 4911 15537262 1592782 0.39780 0.39740 X SCHEDULE A, PART II, SECTION C, LINE 15: THE 2022 PUBLIC SUPPORT PERCENTAGE WAS RESTATED TO REFLECT THE CORRECT AMOUNT. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6909568 278204 278204 6631364 0 6631364 5649936 278204 278204 5371732 0 5371732 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING 486996 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 54525 EUROPE 0 0 GRANTMAKING 21793 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING 51016 NORTH AMERICA 0 0 GRANTMAKING 194475 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING 203093 SOUTH AMERICA 0 0 GRANTMAKING 228274 SOUTH ASIA 0 0 GRANTMAKING 167641 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 376663 0 0 0 0 0 0 1407813 376663 1784476 CENTRAL AMERICA AND THE CARIBBEAN GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 136807 EYEGLASSES REPLACEMENT COST MIDDLE EAST AND NORTH AFRICA GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 24395 EYEGLASSES REPLACEMENT COST RUSSIA AND NEIGHBORING STATES GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 62585 EYEGLASSES REPLACEMENT COST SOUTH AMERICA GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 53431 EYEGLASSES REPLACEMENT COST SUB-SAHARAN AFRICA GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 175363 EYEGLASSES REPLACEMENT COST CENTRAL AMERICA AND THE CARIBBEAN GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 116050 EYEGLASSES REPLACEMENT COST SOUTH AMERICA GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 8950 EYEGLASSES REPLACEMENT COST SUB-SAHARAN AFRICA GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 44081 EYEGLASSES REPLACEMENT COST EAST ASIA AND THE PACIFIC GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 14295 EYEGLASSES REPLACEMENT COST MIDDLE EAST AND NORTH AFRICA GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 35504 EYEGLASSES REPLACEMENT COST CENTRAL AMERICA AND THE CARIBBEAN GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 26982 EYEGLASSES REPLACEMENT COST EAST ASIA AND THE PACIFIC GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 18137 EYEGLASSES REPLACEMENT COST MIDDLE EAST AND NORTH AFRICA GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 17587 EYEGLASSES REPLACEMENT COST RUSSIA AND NEIGHBORING STATES GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 15753 EYEGLASSES REPLACEMENT COST SOUTH AMERICA GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 19242 EYEGLASSES REPLACEMENT COST SUB-SAHARAN AFRICA GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 64474 EYEGLASSES REPLACEMENT COST NORTH AMERICA GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 175000 EYEGLASSES REPLACEMENT COST SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 110000 EYEGLASSES REPLACEMENT COST SOUTH ASIA GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 92000 EYEGLASSES REPLACEMENT COST CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 72500 EYEGLASSES REPLACEMENT COST RUSSIA AND NEIGHBORING STATES GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 50000 EYEGLASSES REPLACEMENT COST SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 66166 EYEGLASSES REPLACEMENT COST RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 50000 EYEGLASSES REPLACEMENT COST SUB-SAHARAN AFRICA GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 9165 EYEGLASSES REPLACEMENT COST SUB-SAHARAN AFRICA GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 25000 EYEGLASSES REPLACEMENT COST RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 23000 EYEGLASSES REPLACEMENT COST CENTRAL AMERICA AND THE CARIBBEAN GLASSES DISTRIBUTED TO CHARITABLE PARTNERS EARMARKED FOR FOREIGN DISTRIBUTION 0 12400 EYEGLASSES REPLACEMENT COST 13 4 0 0 0 0 0 0 PART I, LINE 2: ALL PARTNERS ARE VETTED PRIOR TO SHIPPING GLASSES TO ENSURE THEY ARE APPROPRIATE RECIPIENTS FOR THE GLASSES. THEY ALSO MUST AGREE NOT TO SELL THE GLASSES. OCCASIONALLY AN ORGANIZATION WILL REQUEST TO HAVE THE BENEFICIARY PAY A NOMINAL FEE; THAT IS APPROVED ON A CASE BY CASE BASIS AND THEY CANNOT SELL FOR PROFIT. AN OUTREACH LETTER IS SENT TO ALL PARTNERS ONE MONTH AFTER THE TRIP TO SOLICIT TESTIMONIALS, PHOTOS, VIDEOS, ETC. ALONG WITH A SURVEY TO GET FEEDBACK ON THEIR EXPERIENCE. WITHIN 6 MONTHS AFTER THE TRIP, THE PARTNER RELATIONS TEAM REACHES OUT TO THE ORGANIZATION FOR FOLLOW UP CONVERSATION REGARDING THE IMPACT AND EFFECTIVENESS OF THE TRIP. LARGER ORGANIZATIONS ALSO SEND FORMAL REPORTS ON THEIR WORK. OVER THE YEARS, RESTORINGVISON HAS DEVELOPED DEEPER RELATIONSHIPS WITH MANY OF ITS PARTNERS THROUGH MULTIPLE TRIPS AND ONGOING COLLABORATIONS. SCHEDULE F, PART I & II THE ORGANIZATION BEARS THE RISK OF LOSS ON ITS INTERNATIONAL INVENTORY UNTIL IT IS DELIVERED TO THE RECIPIENT. THEREFORE, INTERNATIONAL INVENTORY IN TRANSIT TO RECIPIENTS IS CONSIDERED TO BE AN ASSET OF THE ORGANIZATION. AS OF DECEMBER 31, 2022, THE ORGANIZATION DETERMINED THAT THERE WERE CERTAIN GOODS IN TRANSIT THAT SHOULD HAVE BEEN RECORDED AS INVENTORY. ACCORDINGLY, THE FINANCIAL STATEMENTS HAVE BEEN RESTATED TO ACCOUNT FOR AN INCREASE IN INVENTORY AND A DECREASE IN INVENTORY AWARDED EXPENSE OF $448,355 AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2022. THE RESTATEMENT INCREASED THE TOTAL NET ASSETS BY $448,355 AS OF DECEMBER 31, 2022. ACCORDINGLY, $448,355 REPORTED ON THE 2023 SCHEDULE F WAS PREVIOUSLY REPORTED ON THE 2022 SCHEDULE F. X 0 PETER JOHNSON 145 SUMMIT AVE 201 SUMMIT NJ 07901 FUNDRAISING CONSULTANT 0 0 50750 0 50750 AL CA CT FL GA HI IL ME MA MI MS NY NC OH RI SC UT 1 AMERICARES 88 HAMILTON AVE STAMFORD CT 06902 061008595 501(C)3 0 301030 REPLACEMENT COST EYEGLASSES GLASSES DISTRIBUTED TO CHARITABLE PARTNERS MAP INTERNATIONAL 4700 GLYNCO PKWY BRUNSWICK GA 31525 362586390 501(C)3 0 15000 REPLACEMENT COST EYEGLASSES GLASSES DISTRIBUTED TO CHARITABLE PARTNERS CHARITYVISION INTERNATIONAL 3210 NORTH CANYON ROAD SUITE 107 PROVO UT 84604 770222786 501(C)3 0 30170 REPLACEMENT COST EYEGLASSES GLASSES DISTRIBUTED TO CHARITABLE PARTNERS 3 0 PART I, LINE 2: ALL PARTNERS ARE VETTED PRIOR TO SHIPPING GLASSES TO ENSURE THEY ARE APPROPRIATE RECIPIENTS FOR THE GLASSES. THEY ALSO MUST AGREE NOT TO SELL THE GLASSES. OCCASIONALLY AN ORGANIZATION WILL REQUEST TO HAVE THE BENEFICIARY PAY A NOMINAL FEE; THAT IS APPROVED ON A CASE BY CASE BASIS AND THEY CANNOT SELL FOR PROFIT. AN OUTREACH LETTER IS SENT TO ALL PARTNERS ONE MONTH AFTER THE TRIP TO SOLICIT TESTIMONIALS, PHOTOS, VIDEOS, ETC. ALONG WITH A SURVEY TO GET FEEDBACK ON THEIR EXPERIENCE. WITHIN 6 MONTHS AFTER THE TRIP, THE PARTNER RELATIONS TEAM REACHES OUT TO THE ORGANIZATION FOR FOLLOW UP CONVERSATION REGARDING THE IMPACT AND EFFECTIVENESS OF THE TRIP. LARGER ORGANIZATIONS ALSO SEND FORMAL REPORTS OF THEIR WORK. OVER THE YEARS, RESTORINGVISION HAS DEVELOPED DEEPER RELATIONSHIPS WITH MANY OF ITS PARTNERS THROUGH MULTIPLE TRIPS AND ONGOING COLLABORATIONS. X X X 0 0 0 0 0 0 0 1 0 PELIN MUNIS CEO 238702 0 0 0 0 0 37952 0 18883 0 295537 0 0 0 AMINAH YOBA SR DIRECTOR OF DEVELOPMENT 131903 0 10000 0 0 0 4374 0 11733 0 158010 0 0 0 PART I, LINE 7 THE BONUSES WERE A PERCENTAGE OF SALARY BASED ON TENURE AND PERFORMANCE. X EYEGLASSES 17 1248178 ESTIMATED VALUE X SOFTWARE LICENSING 1 5760 ESTIMATED VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. THE FORM IS THEN REVIEWED BY THE ORGANIZATION. AFTER A FULL REVIEW (WITH MODIFICATIONS WHERE NECESSARY), THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S VOTING BODY. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS ALL POTENTIAL CONFLICTS OF INTEREST AT LEAST ANNUALLY. ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS AND ANY RELATED PARTY AFFILIATIONS. LOANS BETWEEN THE ORGANIZATION AND MEMBERS OF MANAGEMENT AND THE BOARD ARE STRICTLY PROHIBITED. THE ORGANIZATION SEEKS FULL TRANSPARENCY ON ALL RELATIONSHIPS. ANY POTENTIAL CONFLICTS (IN FACT OR APPEARANCE) ARE DISCUSSED OPENLY AND RESOLVED IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A - THE CEO'S COMPENSATION IS APPROVED BY THE BOARD. COMPARABILITY DATA IS USED, AND THE APPROVAL PROCESS IS DOCUMENTED. LINE 15B - COMPENSATION FOR OTHER OFFICERS IS DETERMINED BY COMPARABILITY DATA AND APPROVED BY THE CEO AND HUMAN RESOURCES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR