2025-11-13T12:35:13-06:00 2024-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2024-01-01 311811558 VISIONSPRING INC VISI 2123555145 30 EAST 60TH STREET SUITE 201 NEW YORK NY 10022 ELLA GUDWIN CHIEF EXECUTIVE OFFICER 2123752599 2025-11-13 1 1 GARRETT M HIGGINS P00543209 2122862600 2025-11-11 2024 2025-03-06 01:10:19Z ELLA GUDWIN 30 EAST 60TH STREET SUITE 201 NEW YORK NY 10022 65134708 0 X WWW.VISIONSPRING.ORG X 2001 NY TO PROVIDE EYEGLASSES AND VISION SCREENING TO UNDERSERVED POPULATIONS THROUGH GLOBAL PROGRAMS. 12 11 15 16 0 0 9888771 11216844 0 0 930312 2147230 -347877 -474483 10471206 12889591 3351860 4629017 0 0 2412435 2405200 0 0 1289805 5107635 6376605 10871930 13410822 -400724 -521231 29389184 28859261 750396 1427998 28638788 27431263 X TO PROVIDE EYEGLASSES AND VISION SCREENING TO UNDERSERVED POPULATIONS THOUGH GLOBAL PROGRAMS. 0 0 10063011 4629017 0 VISIONSPRING WORKS TO INCREASE LIFELONG EARNING, LEARNING, SAFETY, AND WELL-BEING THROUGH EYEGLASSES FOR PEOPLE VULNERABLE TO POVERTY. IN 2024, WE SCREENED MORE THAN 2.6M PEOPLE AND CORRECTED THE VISION OF NEARLY 2.13M, PEOPLE - FARMERS, WEAVERS, FACTORY WORKERS, DRIVERS, AND STUDENTS - GAINED THE CLEAR VISION THEY NEED TO SEE WELL AND DO WELL. THIS YEAR ALSO MARKED OUR TOTAL DISTRIBUTION OF EYEGLASSES TO 14.1M PEOPLE AND HAS UNLOCKED AN ESTIMATED $3B IN INCOME-EARNING POTENTIAL FOR HOUSEHOLDS LIVING ON LESS THAN $4 PER DAY SINCE THE ORGANIZATION'S FOUNDING IN 2001.IN 2024, VISIONSPRING CONTINUED ITS FOCUS ON OPTICAL SERVICES AND EYEGLASSES SALES, GROWING AT A RATE OF 13% YEAR-ON-YEAR. 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.VISION ACCESS PROGRAMS: OUR VISION ACCESS PROGRAMS ADVANCE OUR IMPACT ALONG THREE THEMES: SEE TO EARN, SEE TO LEARN, AND SEE TO BE SAFE. IN 2024, THROUGH OUR VISION ACCESS PROGRAMS, WE SCREENED THE VISION OF 1.5 MILLION PEOPLE IN WORKPLACES, FACTORIES, SCHOOLS, TRANSPORTATION HUBS, AND RURAL AND INFORMAL SETTLEMENTS. WE HELPED 546K INDIVIDUALS SEE CLEARLY THROUGH A COMBINATION OF NEAR VISION SPECTACLES (READING GLASSES) AND PRESCRIPTION GLASSES. OF THOSE WHO GOT GLASSES, 95% WERE ADULTS, 5% WERE CHILDREN. 79% RECEIVED THEIR FIRST-EVER PAIR.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. WE DEEPENED THE MARKET PENETRATION OF OUR LONGEST RUNNING PROGRAM WHICH SHIFTS THE TASK OF CORRECTING BLURRY NEAR VISION TO COMMUNITY PROVIDERS. READING GLASSES FOR IMPROVED LIVELIHOODS (RGIL) EXPANDED WITH HEALTH ENTREPRENEURS IN ZAMBIA, SERVED NEW DISTRICTS WITH COMMUNITY HEALTH WORKERS IN UGANDA, AND EXTENDED INTO A NATIONWIDE NETWORK OF MICROFINANCE CLIENTS IN BANGLADESH. GLOBALLY IN 2024, WE SCREENED THE VISION OF 1.15M PEOPLE AND DISPENSED GLASSES TO 359K PEOPLE THROUGH RGIL, REPRESENTING 30% OF TOTAL EYEGLASSES DELIVERED THROUGH ALL OF OUR MODELS. 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.LIVELIHOODS IN FOCUS (LIF) IS OUR STRATEGIC INITIATIVE TO DRAMATICALLY INCREASE EYEGLASSES COVERAGE RATES - AND ASSOCIATED PRODUCTIVITY AND INCOME - IN COMMUNITIES ENGAGED IN VISION-INTENSIVE AGRICULTURE AND ARTISAN CRAFT. LAST YEAR, LIVELIHOODS IN FOCUS (LIF) EXPANDED SIGNIFICANTLY THANKS IN PART TO THE DEPLOYMENT OF MORE THAN $1 MILLION OF THE MACKENZIE SCOTT GIFT WE RECEIVED IN 2022 TO IMPROVE VISION CARE ACCESS TO AGRICULTURAL WORKERS AND ARTISANS IN STRATEGIC MARKETS. WE HIRED OUR FIRST DIRECT IMPLEMENTATION TEAM IN GHANA AND ONBOARDED NEW PARTNERS IN GHANA, INDIA, KENYA, AND UGANDA. IN TOTAL, WE BROUGHT LIVELIHOODS INTO FOCUS FOR 234K PEOPLE THROUGH LIF.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 2024, WE CONTINUED THE FOCUS ON SEE TO LEARN PROGRAM IN INDIA AND SCREENED THE VISION OF 489K SCHOOL CHILDREN AND DISPENSED 42K PAIRS OF EYEGLASSES.SEE TO BE SAFE: UN SUSTAINABLE DEVELOPMENT GOAL 3.6 SEEKS TO HALVE THE NUMBER OF GLOBAL DEATHS AND INJURIES FROM ROAD TRAFFIC ACCIDENTS BY 2030. YET EVEN THOUGH 60% OF TRAFFIC ACCIDENTS CAN BE ATTRIBUTED TO POOR SIGHT, VISION ACUITY IS NOT A PART OF GLOBAL INTERVENTIONS TO MAKE ROADS SAFER. WE ARE WORKING TO CHANGE THAT THROUGH SEE TO BE SAFE (S2S).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 2024, VISIONSPRING SCREENED 169K DRIVERS AND TRANSPORT WORKERS, BRINGING OUR SEE TO BE SAFE TOTAL TO 861K SINCE 2018. IN NIGERIA AND ZAMBIA WE EXPANDED S2S THROUGH PARTNERSHIPS WITH TRANSPORT COMPANIES, SCREENING 117K DRIVERS AND DISPENSING 32K EYEGLASSES.PHARMACIES: OUR PHARMACY PROGRAM MATURED OUT ITS R&D PHASE, CONTINUING EXPANSION IN GHANA, BANGLADESH, AND NIGERIA WITH KEY ADJUSTMENTS TO FOCUS ON NEAR VISION SCREENING FOR PRESBYOPIA. SPECIFICALLY, WE IMPLEMENTED AN IMPROVED DEMAND GENERATION PILOT WITH A LOCAL MARKETING AGENCY IN KUMASI, GHANA, LEADING TO A TRIPLING OF SALES IN PILOT PHARMACIES (+150 PAIRS PER PHARMACY). WE ALSO PARTNERED WITH PROFESSIONAL ASSOCIATIONS TO REACH MORE PHARMACIES AND CONDUCTED A SURVEY TO COLLECT FEEDBACK AND KPI METRICS AROUND SCREENING AND SALES. THROUGH THE PHARMACY PROGRAM WE HELPED 39K PEOPLE SEE CLEARLY THROUGH READING GLASSES, AND MORE THAN DOUBLED OUR FOOTPRINT FROM 297 TO 615 PHARMACIES.INSTITUTIONAL PARTNERSHIPS: THROUGH 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 2024, WE HELPED 1.2M PEOPLE SEE CLEARLY THROUGH OUR INSTITUTIONAL PARTNERSHIPS CHANNEL. OF THE 1.2M, 59% WERE SERVED THROUGH PRIVATE MISSION-ALIGNED INSTITUTIONS SUCH AS HOSPITALS AND 41% WERE SERVED THROUGH GOVERNMENT PARTNERSHIPS. OUR INSTITUTIONAL PARTNERSHIPS TEAM MARKED A SIGNIFICANT ACHIEVEMENT IN 2024 BY INTRODUCING AN INNOVATIVE EYEWEAR COLLECTION IN BANGLADESH, AFRICA AND LATIN AMERICA.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. 10063011 1 1 0 0 0 0 0 0 0 0 1 0 1 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 X 16 0 15 1 0 1 IN BG GH NI VM 0 0 0 0 0 0 0 0 0 0 X 12 11 1 0 0 0 0 0 0 1 1 0 0 1 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 VIPUL BHAGAT CHAIR 1.00 0.20 X X 0 0 0 JUDITH AIDOO DIRECTOR 1.00 0.00 X 0 0 0 ROBERT BO HOPKINS DIRECTOR 1.00 0.00 X 0 0 0 JIM BRADY DIRECTOR THRU APR 2024 1.00 0.20 X 0 0 0 MUSHTAQUE CHOWDHURY DIRECTOR 1.00 0.00 X 0 0 0 ANDREA CORAVOS DIRECTOR 0.50 0.00 X 0 0 0 RAJESH DESAI DIRECTOR 1.00 0.00 X 0 0 0 KAREN GUTIERREZ DIRECTOR 1.00 0.00 X 0 0 0 CHERYL GREENE DIRECTOR THRU APR 2024 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 JAMIE A LEVITT DIRECTOR THRU APR 2024 0.50 0.00 X 0 0 0 PENNY OUTLAW DIRECTOR 0.10 0.00 X 0 0 0 NANCY ROSENZWEIG DIRECTOR THRU APR 2024 1.00 0.00 X 0 0 0 RAHUL SAXENA DIRECTOR 1.00 0.25 X 0 0 0 BRIAN TRELSTAD DIRECTOR THRU APR 2024 1.00 0.00 X 0 0 0 ELLA GUDWIN CHIEF EXECUTIVE OFFICER 40.00 15.00 X 296045 0 58744 VIVEK RATHI GLOBAL VP, FINANCE 40.00 18.00 X 159021 0 69296 JAMES NAYLOR DIRECTOR OF TECHNOLOGY 40.00 12.00 X 153963 0 97559 HEATHER ANN KOEHN GLOBAL DIRECTOR, MARKETING & COMM. 40.00 26.00 X 142694 0 33962 PERRY J SELLA GLOBAL DIRECTOR, SUPPLY CHAIN 40.00 16.00 X 126353 0 463 ERICA DEKRANES ASSOCIATE DIRECTOR, RESOURCE MOBILIZATION 40.00 0.00 X 111225 0 33717 TEOBALDO R CAMEJO GLOBAL VP, PEOPLE & CULTURE 40.00 6.00 X 157623 0 72354 1302174 0 366095 8 0 1 0 VELOCITY GLOBAL 3858 WALNUT STREET DENVER CO 80205 HR SERVICES 202540 INTERNATIONAL AGENCY FOR PREVENTION OF B THE NORTHERN SHELL BUILDING 4TH FLO LONDON UK EC3R 6AF IT SERVICES 168090 RAMONA BAJEMA 101 COOPER STREET 1D NEW YORK NY 10034 ADVISORY SERVICES 163982 VIACODE CONSULTING LLC 35 EAST MAIN STREET 352 AVON CT 06001 IT SERVICES 149555 SEVEN HILLS COMMUNICATIONS LIMITED 1ST FLOOR RIVER HOUSE LONDON 33-35 POINT PLEAS UK SW18 1NN MARKETING SERVICES 127265 9 342125 10874719 11216844 545339 545339 52383068 50781177 1601891 1601891 1601891 989457 1463940 -474483 -474483 12889591 -474483 0 2147230 X 4629017 4629017 738356 307534 144545 286277 1365272 414170 587803 363299 20833 6867 7407 6559 125988 31067 51239 43682 154751 51008 55019 48724 151 151 187557 141791 29207 16559 3094732 2244898 588789 261045 118492 118492 298936 242322 35631 20983 446372 314554 105392 26426 151864 147438 3280 1146 405255 293238 34674 77343 8536 8536 47596 16299 31297 81114 50047 27850 3217 PURCHASED SERVICES 1523304 1151601 237218 134485 FOREIGN EXCHANGE 11382 11382 MISCELLANEOUS 1314 1091 163 60 13410822 10063011 2058006 1289805 199576 293165 4930789 722203 3367000 4206632 691672 483102 676935 707028 81366 57786 99854 59063 64210 40791 16846951 17298239 2439534 4986784 34283 18118 56868 45413 29389184 28859261 740029 1427998 10367 0 750396 1427998 X 27204343 23898644 1434445 3532619 28638788 27431263 29389184 28859261 -521231 -686294 0 X X 0 1 X 1 0 X 8486314 12674719 23508382 9888771 11216844 65775030 8486314 12674719 23508382 9888771 11216844 65775030 19180330 46594700 34362 31667 95619 926142 545339 1633129 6701 6701 67414860 4444934 0.69120 0.68180 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 6,701. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99750 59034 40716 104 29 75 40791 INVESTMENT IN SUBSIDIARIES 4986784 C 4986784 X 15012597 -686294 6621 2802679 2123006 12889591 0 12889591 17964010 6621 4546567 4553188 13410822 0 13410822 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 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 1,463,940. REVENUE ATTRIBUTABLE TO CONSOLIDATED ENTITIES 1,338,739. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 1,463,940. EXPENSES ATTRIBUTABLE TO CONSOLIDATED ENTITIES 3,082,627. 1 EAST ASIA AND THE PACIFIC 1 5 PROGRAM SERVICES FOR DESCRIPTION OF PROGRAM SERVICE IN REGION, SEE PART V 319734 SOUTH ASIA 3 75 PROGRAM SERVICES FOR DESCRIPTION OF PROGRAM SERVICE IN REGION, SEE PART V 2930892 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 3637347 SUB-SAHARAN AFRICA 2 54 PROGRAM SERVICES FOR DESCRIPTION OF PROGRAM SERVICE IN REGION, SEE PART V 3825886 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 991670 6 134 0 0 6 134 11705529 0 11705529 SOUTH ASIA PROVIDE ACCESSS TO AFFORDABLE EYEGLASSES 312347 WIRE TRANSFER 0 SOUTH ASIA PROVIDE ACCESSS TO AFFORDABLE EYEGLASSES 3325000 WIRE TRANSFER 0 SUB SAHARAN PROVIDE ACCESSS TO AFFORDABLE EYEGLASSES 491416 WIRE TRANSFER 0 SUB SAHARAN PROVIDE ACCESSS TO AFFORDABLE EYEGLASSES 500254 WIRE TRANSFER 0 4 0 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 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. 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 0 0 0 0 0 0 0 1 0 ELLA GUDWIN CHIEF EXECUTIVE OFFICER 296045 0 0 0 0 0 0 0 58744 0 354789 0 0 0 JAMES NAYLOR DIRECTOR OF TECHNOLOGY 144076 0 9887 0 0 0 0 0 97559 0 251522 0 0 0 TEOBALDO R CAMEJO GLOBAL VP, PEOPLE & CULTURE 148556 0 9067 0 0 0 0 0 72354 0 229977 0 0 0 VIVEK RATHI GLOBAL VP, FINANCE 148160 0 10861 0 0 0 0 0 69296 0 228317 0 0 0 HEATHER ANN KOEHN GLOBAL DIRECTOR, MARKETING & COMM. 134394 0 8300 0 0 0 0 0 33962 0 176656 0 0 0 DR JORDAN KASSALOW FOUNDER/SECRETARY/VICE CHAIR 155250 0 0 0 0 0 0 0 0 0 155250 0 0 0 PART I, LINE 7 CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A DISCRETIONARY BONUS DURING CALENDAR YEAR 2024 WHICH WAS INCLUDED IN COLUMN B(II) HEREIN AND IN THEIR 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. FORM 990, PART VI, SECTION A, LINE 2 BOARD DIRECTORS KEVIN HASSEY AND READE FAHS 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 AFTER 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 THROUGH AN INDEPENDENT THIRD-PARTY COMPANY WITH WHOM THE COMPANY CONTRACTS. THE DATA COMPILED REFLECTS COMPARABLE MARKET DATA FOR ALL VISIONSPRING'S POSITIONS IN THE COUNTRIES WHERE WE OPERATE, ACROSS MULTIPLE COMPANIES IN BOTH NON-PROFIT AND FOR-PROFIT SECTORS, INCLUDING SIZE, REVENUE, AND INDUSTRY. THAT DATA IS USED TO SET UP AND UPDATE THE INTERNAL SALARY STRUCTURES (BANDS & LEVELS) OF THE ORGANIZATION, AS WELL AS THE OVERALL TOTAL COMPENSATION STRATEGY, WHICH IS SHARED WITH THE BOARD OF DIRECTORS. THE CEO AND THE GLOBAL VP OF PEOPLE AND CULTURE, ALONG WITH SENIOR LEADERSHIP, REVIEW AND APPROVE ALL COMPENSATION DECISIONS ON AN ANNUAL BASIS, AS WELL AS ANY OUT-OF-CYCLE CHANGES. THE COMPENSATION FOR THE CEO IS DEFINED BY A PROCESS SIMILAR TO THOSE FOR OTHER EMPLOYEES, EXCEPT IN THIS CASE THE BOARD APPROVES. THE COMPENSATION DATA, WHICH IS COLLECTED THROUGH AN INDEPENDENT THIRD-PARTY WITH WHOM VISIONSPRING CONTRACTS, IS USED TO ANALYZE AND COMPARE WITH OTHER COMPANIES IN THE NON-PROFIT SECTOR SIMILAR IN SIZE, REVENUE, GEOGRAPHIC DISTRIBUTION, THE COMPANY'S SELECTED PERCENTILE, AND OTHER CHARACTERISTICS THAT DEFINE THE COMPLEXITIES AND COMPETENCIES REQUIRED FOR AN INCUMBENT IN SUCH A POSITION. THIS DATA IS USED TO MAKE A RECOMMENDATION TO THE BOARD OF DIRECTORS THAT TAKES INTO ACCOUNT ALL THE ELEMENTS COMPOSING THE TOTAL COMPENSATION FOR ITS REVIEW AND APPROVAL. THIS PROCESS WAS LAST DONE IN 2024. AT THIS TIME, THE CEO DECIDED TO CAP HER ANNUAL BASE COMPENSATION AT THE RECOMMENDED LEVEL. 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 189,885. MANAGEMENT AND GENERAL EXPENSES 164,359. FUNDRAISING EXPENSES 20,950. TOTAL EXPENSES 375,194. PROGRAM SUBCONTRACTORS: PROGRAM SERVICE EXPENSES 1,671,764. MANAGEMENT AND GENERAL EXPENSES 344,366. FUNDRAISING EXPENSES 195,230. TOTAL EXPENSES 2,211,360. PROGRAM SERVICE FEES: PROGRAM SERVICE EXPENSES 238,974. MANAGEMENT AND GENERAL EXPENSES 50,345. FUNDRAISING EXPENSES 28,016. TOTAL EXPENSES 317,335. PAYROLL SERVICE FEES: PROGRAM SERVICE EXPENSES 49,337. MANAGEMENT AND GENERAL EXPENSES 10,163. FUNDRAISING EXPENSES 5,762. TOTAL EXPENSES 65,262. RECRUITING AND INTERN FEES: PROGRAM SERVICE EXPENSES 94,938. MANAGEMENT AND GENERAL EXPENSES 19,556. FUNDRAISING EXPENSES 11,087. TOTAL EXPENSES 125,581. 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. FORM 990, PART I, QUESTION 5, AND PART V, QUESTION 2: THE ORGANIZATION CONTRACTED WITH A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) FOR SERVICES, INCLUDING BUT NOT LIMITED TO, PAYROLL, TIMEKEEPING, EMPLOYEE BENEFITS, HR ADMINISTRATION AND WORKFORCE REGULATORY NEEDS. AS THE EMPLOYER OF RECORD FOR TAX PURPOSES, FORMS W-2 AND W-3 ARE ISSUED BY THE PEO AND FILED UNDER THE PEO'S FEDERAL EIN. IN THIS CO-EMPLOYMENT ARRANGEMENT, THE ORGANIZATION IS THE COMMON LAW EMPLOYER AND, ACCORDINGLY, COMPENSATION IS REPORTED ON FORM 990, PART VII, SECTION A AND PART IX, LINES 5-10. 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 GHANA LIMITED BY GUARANTEE 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 LIMITEDGTE 182A CORPORATION DRIVE DOLPHINE ES LAGOS NI PROVIDES ACCESS TO AFFORDABLE EYE CARE TO POOR & MARGINALIZED PEOPLE NI VISIONSPRING INC 1 VISIONSPRING VIETNAM LIMITED COMPANY NO 5 DIEN BIEN PHU DIEN BIEN WARD HANOI CITY VM PROVIDES MANAGEMENT CONSULTING SERVICES, MARKET RESEARCH, AND EXERCISE EXPOR VM 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 3185918 2171999 0.99990 1 VISIONSPRING BANGLADESH LTD HOTEL PURBANI ANNEX-2 4TH FLOOR DHAKA BG 1000 SELL READING GLASSES BG VISIONSPRING INC C 819149 684147 0.99880 1 VISIONSPRING GHANA LIMITED BY GUARANTEE NO5A NORTH LEGON ROAD DIGITAL ADDR NORTH LEGON GH 059-7582 PROVIDING AFFORDABLE EYE GLASSES, SALE OF EYE GLASSES GH VISIONSPRING INC C 630185 331474 1.00000 1 VISIONSPRING NIGERIA EYE HEALTH INITIATIVE COMPANY LIMITEDGTE NO 36AA REMI FANI-KAYODE CLOSE GRA IKEJA NI PROVISION OF EYE GLASSES AND LENSES NI VISIONSPRING INC C 491786 342165 1.00000 1 VISIONSPRING VIETNAM COMPANY LIMITED 83B P LY THUONG KIET CUA NAM HOA HANOI VM 100000 PROVIDE MANAGEMENT CONSULTING SERVICES, MARKET RESEARCH, AND EXERCISE EXPORT VM VISIONSPRING INC C 341547 178734 0.99990 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 VISIONSPRING PRIVATE LIMITED B 1907250 COST VISIONSPRING BANGLADESH LTD B 640000 COST VISION SPRING VIETNAM LIMITED B 250000 COST VISION SPRING NIGERIA EYE HEALTH INITIATIVE COMPANY LIMITEDGTE P 500254 COST VISION SPRING GHANA LIMITED BY GUARANTEE P 491416 COST