Nonprofit · EIN 87-0753394
VISIONS ECONOMIC DEVELOPMENT INC
Tax-exempt (reinstated) · NEWARK, NJ 07102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2022 | 990 | $58,532 | $35,582 | $22,950 | $22,950 | $0 | $22,950 |
Financial details: 990 for the year ended December 31, 2022
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $58,532
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $35,582
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $22,950
- Total liabilities, end of year
- $0
- Net assets, end of year
- $22,950
- Gross receipts
- $58,532
- Employees
- 0
- Year formed
- 2014
- State of legal domicile
- NJ
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, 2022, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Garvey Ince | Chairman Trustee or director, Officer | 5 | $0 |
| Carl Peterman | Secretary Trustee or director | 1 | $0 |
| Sam Snead | Board member Trustee or director | 1 | $0 |
| Carolyn Whigham | Treasurer Trustee or director | 1 | $0 |
| Brian Talmadge | Board Member Trustee or director | 1 | $0 |
| William Parrish | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 588 DR MARTIN LUTHER KING JR BLVD, NEWARK, NJ 07102-1214
- In care of
- % DONNA M MADDICKS
- Mailing address (990-N for 2025)
- 588 DR MARTIN LUTHER KING BLVD, Newark NJ 07102
- Principal officer (990 for 2022)
- GARVEY INCE, 588 DR MARTIN LUTHER KING BLVD, Newark, NJ 07102
- Principal officer (990-N for 2025)
- Donna M Maddicks, 588 DR MARTIN LUTHER KING BLVD, Newark NJ 07102
- Signed the 990
- GARVEY INCE, CEO
- Phone
- (201) 572-1985
- Return prepared by
- Tumasang J Awundaga & Associates CPA
Mission
Vision Economic Development, Inc. is not for profit real estate holding business that is organized to develop and manage properties in the Newark and surrounding communities.Vision will assist in community advancement, entrepreneurship/business start-up support, educational opportunities, financial/economic literacy and/or outreach efforts.
Program accomplishments
- Vision Economic Development, Inc. is not for profit real estate holding business that is organized to develop and manage properties in the Newark and surrounding communities.Vision will assist in community advancement, entrepreneurship/business start-up support, educational opportunities, financial/economic literacy and/or outreach efforts.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 87-0753394
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S20)
Revocation and reinstatement
- Exemption revoked
- May 15, 2018
- Posted by the IRS
- October 2, 2018
- Reinstated
- Effective May 15, 2021
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Donna M Maddicks | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2024 Officer: Donna M Maddicks | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2023 Officer: GARVEY INCE | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2022 | $58,532 | $35,582 | $22,950 | XML |
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 87-0753394).
Questions about VISIONS ECONOMIC DEVELOPMENT INC
- What is the EIN of VISIONS ECONOMIC DEVELOPMENT INC?
- The employer identification number (EIN) of VISIONS ECONOMIC DEVELOPMENT INC is 87-0753394.
- Is VISIONS ECONOMIC DEVELOPMENT INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2018 and reinstated it effective May 15, 2021.
- Are donations to VISIONS ECONOMIC DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VISIONS ECONOMIC DEVELOPMENT INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of VISIONS ECONOMIC DEVELOPMENT INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VISIONS ECONOMIC DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of VISIONS ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended December 31, 2022 names GARVEY INCE.
- Who are the officers and directors of VISIONS ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended December 31, 2022 lists 6 people; 0 received compensation from the organization.
- How much revenue does VISIONS ECONOMIC DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2022 it reported revenue of $58,532, expenses of $35,582 and total assets of $22,950 at year end.
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All nonprofits in NEWARK · New Jersey · Community improvement and capacity building