Nonprofit · EIN 74-3091760
INNERVISION INC
Tax-exempt · CHARLOTTE, NC 28202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,791,354 | $1,050,513 | $740,841 | $3,537,326 | $13,737 | $3,523,589 |
| December 31, 2023 | 990 | $671,336 | $1,138,682 | -$467,346 | $3,616,017 | $833,269 | $2,782,748 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $500
- Program service revenue
- $226,199
- Investment income
- $1,432,942
- Net rental income
- $130,104
- Net gain from sales of assets
- $1,380,891
- Other revenue
- $131,713
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $246,534
- Other salaries and wages
- $356,419
- Salaries, compensation and benefits (total)
- $640,632
- Professional fundraising fees
- $0
- Occupancy
- $130,104
- Travel
- $2,493
- Depreciation
- $64,074
- Program services (functional)
- $784,564
- Management and general (functional)
- $265,949
Balance sheet and other
- Total assets, start of year
- $3,616,017
- Total assets, end of year
- $3,537,326
- Total liabilities, end of year
- $13,737
- Net assets, end of year
- $3,523,589
- Land, buildings and equipment
- $5,759
- Net assets without donor restrictions
- $3,523,589
- Gross unrelated business income
- $1,380,891
- Gross receipts
- $3,486,488
- Employees
- 11
- Volunteers
- 0
- Year formed
- 2003
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR CHERYL NICHOLAS | CEO/DIRECTOR Officer | 60 | $246,534 |
| REUBEN FLAX | PRESIDENT Trustee or director, Officer | 3 | $0 |
| GRACE KELLEY | DIRECTOR Trustee or director | 1 | $0 |
| WAYNE MCLURKIN | DIRECTOR Trustee or director | 1 | $0 |
| BEATRICE THOMPSON | DIRECTOR Trustee or director | 1 | $0 |
| DR ARTHUR JACKSON | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL GRACE | TREASURER Trustee or director, Officer | 1 | $0 |
| AGNES MAYS | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR CHERYL NICHOLAS | CEO/DIRECTOR Officer | 60 | $246,320 |
| REUBEN FLAX | PRESIDENT Trustee or director, Officer | 3 | $0 |
| GRACE KELLEY | DIRECTOR Trustee or director | 1 | $0 |
| WAYNE MCLURKIN | DIRECTOR Trustee or director | 1 | $0 |
| BEATRICE THOMPSON | DIRECTOR Trustee or director | 1 | $0 |
| DR ARTHUR JACKSON | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL GRACE | TREASURER Trustee or director, Officer | 1 | $0 |
| AGNES MAYS | SECRETARY Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 400 E TRADE ST, CHARLOTTE, NC 28202-2428
- In care of
- % CHERYL NICHOLAS
- Principal officer (990 for 2024)
- DR CHERYL NICHOLAS, 400 E TRADE STREET, CHARLOTTE, NC 28202
- Signed the 990
- DR CHERYL NICHOLAS, CEO
- Phone
- (704) 377-5047
- Return prepared by
- APRIO ADVISORY GROUP LLC
Mission
TO PROVIDE PSYCHOSOCIAL REHABILITATION SERVICES TO LOW OR SSI/SDD INCOME RECIPIENTS, WHICH WILL KEEP THEM FUNCTIONING PRODUCTIVELY IN THE COMMUNITY AND OUT OF LOCAL HEALTH CARE FACILITIES.
Program accomplishments
- INNERVISION HAS THE ONLY CLINICIANS IN NORTH CAROLINA TRAINED IN PSYCHIATRIC VOCATIONAL REHABILITATION. LESS THAN 5% OF THE CONSUMERS SERVED IN INNERVISION'S PSYCHOSOCIAL REHABILITATION PROGRAM HAVE REQUIRED THE USE OF MORE COSTLY ACUTE SERVICES (SUCH AS INPATIENT PSYCHIATRIC HOSPITALIZATION). THERAPEUTIC INTERVENTIONS USED IN THE PROGRAM HAVE PROVEN TO PROVIDE A COST EFFECTIVE RECOVERY DRIVEN MILIEU PROMOTING THE INTEGRATION OF SEVERE AND PERSISTENT MENTALLY ILL ADULTS (SOME WITH CO-OCCURING ISSUES OF SUBSTANCE ABUSE OR DEVELOPMENTAL DISABILITIES) AS VALUABLE AND PRODUCTIVE CITIZENS IN THE COMMUNITY.Expenses $784,564 · revenue $409,963
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-3091760
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P82)
- Assets (IRS master file)
- $3,537,326
- Income (IRS master file)
- $3,486,488
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,791,354 | $1,050,513 | $3,537,326 | XML |
| 990 | December 2023 | $671,336 | $1,138,682 | $3,616,017 | XML |
| 990 | December 2022 | $807,758 | $1,042,968 | $4,181,170 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-3091760).
Questions about INNERVISION INC
- What is the EIN of INNERVISION INC?
- The employer identification number (EIN) of INNERVISION INC is 74-3091760.
- Is INNERVISION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to INNERVISION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INNERVISION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INNERVISION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INNERVISION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INNERVISION INC?
- The 990 for the year ended December 31, 2024 names DR CHERYL NICHOLAS.
- Who are the officers and directors of INNERVISION INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $246,534 (DR CHERYL NICHOLAS, CEO/DIRECTOR).
- How much revenue does INNERVISION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,791,354, expenses of $1,050,513 and total assets of $3,537,326 at year end.
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All nonprofits in CHARLOTTE · North Carolina · Human services