Vision Galveston

EIN: 842769581 501(c)(3) Community Improvement

Galveston, TX

Total Revenue
$757,529
Total Expenses
$901,476
Total Assets
$1,683,379
Net Assets
$1,635,865
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
TX
Principal Officer
Christine Bryant
Phone
8327861666
Tax Period
2023-01-01 to 2023-12-31

Vision Galveston, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $758K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $901K exceeded revenue, resulting in a 19% operating deficit.

Mission

Vision Galveston's mission is to help turn Galveston into the best place to raise a family, uncover new opportunities, and grow the economy. Vision Galveston seeks to connect that vision with the resources needed for implementation.

Program Service Accomplishments

Program 1
Expenses: $522,894

The Incubate Galveston program is a collaborative initiative backed by prominent Galveston pillars of entrepreneurship, technology, innovation, and business. Incubate Galveston's mission is to...

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The Incubate Galveston program is a collaborative initiative backed by prominent Galveston pillars of entrepreneurship, technology, innovation, and business. Incubate Galveston's mission is to accelerate the journey of an entrepreneur by providing awareness of and access to opportunities to connect and collaborate across the Galveston-Houston region.

Program 2
Expenses: $134,803

The Green Galveston program furthers Vision Galveston's objective to make Galveston a "Historic Walkable Gulf Coast City Embedded in Nature." Green Galveston is creating implementable strategies for...

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The Green Galveston program furthers Vision Galveston's objective to make Galveston a "Historic Walkable Gulf Coast City Embedded in Nature." Green Galveston is creating implementable strategies for improving Galveston's parks and natural areas, improving parks and open space resilience against flooding and heat, attracting new residents with a set of high-quality urban green spaces, and creating concepts for two park spaces and identifying funding sources.

Program 3
Expenses: $107,758

Engage Galveston - Engage/Measure Galveston is a collaborative initiative led by Vision Galveston to empower us all with the information we need to act, individually and collectively, to build a...

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Engage Galveston - Engage/Measure Galveston is a collaborative initiative led by Vision Galveston to empower us all with the information we need to act, individually and collectively, to build a Galveston community that provides everyone the opportunity to reach their full potential.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $755,012
Program Service Revenue $0
Investment Income $2,517
Other Revenue $0
TOTAL REVENUE $757,529

Expense Breakdown

Grants Paid $201,250
Salaries & Benefits $373,234
Fundraising Expenses $27,393
Program Expenses $765,455
Other Expenses $324,892
TOTAL EXPENSES $901,476

Year-over-Year Comparison

2023 2022 Change
Revenue $757,529 $1,336,516 -0.4%
Expenses $901,476 $499,632 +0.8%
Net Income $-143,947 $836,884 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
8
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$180,962
Total Directors
18
$180,962
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Zahrah Ektefaei President 4.00
Officer Director
$0 $0 $0
Steven Pena Vice President 4.00
Officer Director
$0 $0 $0
Lauren Scott Immediate Past Chair 4.00
Officer Director
$0 $0 $0
Claire Reiswerg Secretary 1.00
Officer Director
$0 $0 $0
Lindsey White Treasurer 1.00
Officer Director
$0 $0 $0
Bert Bagley Board member 1.00
Director
$0 $0 $0
Zurisday Briz Board member 1.00
Director
$0 $0 $0
Timothy Harlin Board member 1.00
Director
$0 $0 $0
Torrina Harris Board member 1.00
Director
$0 $0 $0
Lee Jurewitz Board member 1.00
Director
$0 $0 $0
Jayson Levy Board member 1.00
Director
$0 $0 $0
Raymond Lewis Board member 1.00
Director
$0 $0 $0
Betty Massey Board member 1.00
Director
$0 $0 $0
Michael Niebuhr Board member 1.00
Director
$0 $0 $0
Premal Patel Board member 1.00
Director
$0 $0 $0
Antonietta Quigg Board member 1.00
Director
$0 $0 $0
Marina Walne Board member 4.00
Director
$0 $0 $0
Christine Bryant Executive Director 40.00
Officer Director
$164,677 $16,285 $180,962
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $757,529 $901,476 $1,683,379 $-143,947
2022 $1,336,516 $499,632 $1,836,804 $836,884
2021 $1,010,501 $478,808 $950,320 $531,693
2020 $788,704 $384,177 $626,180 $404,527
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