2024-08-28T14:03:14-05:00 2023-12-31 330810710 Swenson Advisors LLP 25220 Hancock Ave Suite 240 Murrieta CA 92562 990 2023-01-01 954271785 The Vision of Children VISI 8583147916 12555 High Bluff Drive Ste 330 San Diego CA 92130 Samuel A Hardage CEO & Chairman 8583147916 2024-08-28 1 Scott Maxwell P00749825 9514454700 2024-08-20 2023 2024-08-08 14:25:15Z Samuel A Hardage 12555 High Bluff Drive Ste 330 San Diego CA 92130 1112706 0 X www.visionofchildren.org X 1990 CA THE VISION OF CHILDREN FOUNDATION seeks to find a cure for inherited eye diseases. 9 0 4 50 0 0 288866 761190 0 0 1190 3051 61660 -88534 351716 675707 217320 -290971 0 0 123403 184103 0 0 149324 64338 27840 405061 -79028 -53345 754735 745154 1138899 657322 296332 87832 842567 OUR MISSION IS TO CURE HEREDITARY CHILDHOOD BLINDNESS AND OTHER VISION DISORDERS AND TO IMPROVE THE LIVES OF VISUALLY IMPAIRED INDIVIDUALS AND THEIR FAMILIES 0 0 -278545 -290971 The Vision of Children funds researchers, in the US and internationally, who are advancing our understanding of the causes and are finding cures for inherited eye disease and vision disorders. The primary focus of our funded research has been multiple vision related medical issues. 8054 The Vision of Children provides information to the public and gives researchers an opportunity to arrange for collaborative research projects by hosting a biennial symposium. Additionally, through newsletters and our website, we inform the members who make up our family network. The Vision of Children provides adaptive vision aids to school districts. These computer monitors and handheld magnifiers alleviate the stress and strain that students with low vision may face when they are at school. Further, the Vision Hero Video Series are videos of inspiring young people who are able to overcome their vision challenges. Vision Heroes mentor and motivate other young people born with genetic vision disorders to persevere, pursue their goals, and reach their full potential in spite of having a vision disorder. -270491 1 1 0 0 0 1 0 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 4 0 1 4 1 0 0 0 0 0 0 0 0 0 0 X 9 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 1 0 CA X X Samuel A Hardage 8583147916 12555 High Bluff Dr Ste 330 San Diego CA 92130 X Samuel A Hardage CEO & Chairman 0.50 X X 0 0 0 Elizabeth Dole Honorary Co-Chair 0.50 X 0 0 0 Debora B Farber PhD Chief Scientific Advisor 0.50 X 0 0 0 Richard Alan Lewis MD MS Scientific Advisor 0.50 X 0 0 0 Daniel W Gil PhD Director 0.50 X 0 0 0 Vivian L Hardage MS Director 0.50 X 0 0 0 Jacqueline Johnson PhD Director 0.50 X 0 0 0 Stephen Moffett OD Director 0.50 X 0 0 0 Gregory I Ostrow MD Director 0.50 X 0 0 0 Richard A Schatz MD Director 0.50 X 0 0 0 Kenneth J Widder MD Director 0.50 X 0 0 0 Beth Chaney Secretary 0.50 X 0 0 0 0 0 0 0 0 0 0 0 1118 608741 151331 761190 3051 3051 348465 608741 436999 -88534 -88534 675707 0 0 -85483 -290971 -290971 184103 19606 17688 146809 12500 12500 2727 252 2475 2002 2002 79 79 1111 1111 396 396 Other expenses 8151 8111 40 Project Vision Aid 874 874 -79028 -270491 42139 149324 42063 359723 409614 474129 17610 24493 867 0 6665 1111 0 5554 275000 275000 745154 1138899 7083 7832 646621 286000 3618 2500 657322 296332 X 26168 829132 61664 13435 87832 842567 745154 1138899 754735 0 X X 0 1 X 1 0 X 1111021 289840 1102569 368731 761190 3633351 1111021 289840 1102569 368731 761190 3633351 47228 3586123 318 422 348 1190 3051 5329 3638680 0.98560 0.94660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13435 29900 1 1 6665 1111 5554 5554 Investment in Sydnexis, Inc. 275000 C 275000 X 1160935 485228 485228 675707 0 675707 357971 436999 436999 -79028 0 -79028 Part X, Line 2: The Organization uses a loss contingencies approach for evaluating uncertain tax positions and continually evaluates changes in tax law and new authoritative rulings. No loss contingencies were recognized for the year ended December 31, 2021. The Organization's federal exempt organization returns for tax years 2017 and beyond remain subject to examination by the Internal Revenue Service. The Organization's exempt organization returns of the tax years 2016 and beyond remain subject to examination by the Franchise Tax Board. The Organization did not have unrecognized tax benefits as of December 31, 2021 and does not expect this to change significantly over the next 12 months. The Organization recognizes interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. As of December 31, 2021, the Organization has not accrued interest or penalties related to uncertain tax positions. Schedule D Part XI, 2d Contra revenue - Special event expense: $436,999 Net Assets released from restriction: $78,129 Restricted Contributions: -$29,900 Schedule D Part XII, 2d Special Event Expenses $436,999 Raise the Paddle 183800 183800 Silent Auction 73575 73575 2 91090 91090 348465 348465 348465 1 The Regents of the University of CA UCSD 9500 Gilman DR La Jolla CA 92093 956006144 501(c)(3) 64650 0 Research for a cure to childhood blindness UCLA 405 Hilgard Avenue Los angeles CA 90095 956006143 501(c)(3) -355621 0 Refund: Research for a cure to childhood blindness 2 0 Part I, Line 2: The Organization provides research grants to Ph.D.'s who are dedicated to finding cures for blindness and other vision disorders. A grantee's eligibility is determined by the Board before a grant is approved. Grants are paid quarterly and are used to fund specific scientific research expenses as enumerated in the grant proposal. It is a requirement of the grant that the grantee provide the Organization with quarterly reports on the progress in order for the grantee to continue to receive funding. Sydnexis Inc Owned by Board Member 275000 VOC has executed an agreement to help fund research concerning treatments for childhood myopia. In exchange for providing this funding, VOC will be issued common stock in Sydnexis, Inc. and a royalty interest based on net sales. 0 Board Members Contributions Directors of the Organization's Board 30797 During 2023, members of the Organization's Board of Directors and related party donated $30,797. 0 UCLA Research institute that employs a member of the Organization's BOD 345251 Grants payable to related party as of December 31, 2022 was written off in 2023 (see Note 3), resulting in $345,251 reversal of Vision research expenses with related party in 2023 0 Form 990, Part VI, Section A, line 2 Kenneth Widder and Jacqueline Johnson are married. Sam & Vivian Hardage are married. Form 990, Part VI, Section A, line 8b There are no committees Form 990, Part VI, Section B, line 11b THE FORM 990 IS DRAFTED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM. THE DRAFT IS THEN DISTRIBUTED TO THE CHAIRMAN OF THE BOARD AND HIS ACCOUNTING STAFF FOR REVIEW. THE FINAL VERSION OF FORM 990 IS DISTRIBUTED TO THE BOARD FOR REVIEW BEFORE FILING. Form 990, Part VI, Section B, line 12c AT EACH BOARD MEETING, THE CONFLICT OF INTEREST POLICY IS DISCUSSED AND REVIEWED. THE POLICY IS ALSO REVIEWED AND DISCUSSED WITH EACH EMPLOYEE, AS PART OF THEIR REVIEW, COMPLETED EVERY SIX MONTHS. Form 990, Part VI, Section B, line 15b COMPENSATION OF KEY EMPLOYEES IS DETERMINED OR REVIEWED BY THE CHAIRMAN. COMPENSATION IS DETERMINED WITH REGARD TO COMPENSATION PAID TO SIMILAR EXECUTIVES OF COMPARABLE NON-PROFITS. Form 990, Part VI, Section C, line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE TO THE PUBLIC UPON REQUEST AS WELL AS VIA THE ORGANIZATION'S WEBSITE. Part XII, Line 2C Explanation The Chairman of the Board and the Accounting Staff assumes responsibility for the oversight of the audit of its financial statements and selection of an independent certified public accounting firm. During the calendar year 2022, the Organization did not change its oversight or selection process.