New Hampshire Optometric Association
- Assets
- $612.3k
- Revenue
- $185.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Concord, NH
- Founding
- 09/1976
- Data as of
- 12/2021
- EIN
- 02-0328046
Organization Overview
New Hampshire Optometric Association is located in Concord, NH. The organization was established in 1976. According to its NTEE Classification (G41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hampshire Optometric Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, New Hampshire Optometric Association generated $185.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $150.7k during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NEW HAMPSHIRE OPTOMETRIC ASSOCIATION (NHOA) IS THE PROFESSIONAL ASSOCIATION REPRESENTING THE VAST MAJORITY OF NEW HAMPSHIRES PRACTICING DOCTORS OF OPTOMETRY. WE WERE FOUNDED OVER 110 YEARS AGO AND HAVE SERVED OUR MEMBERS AND THE CITIZENS OF NEW HAMPSHIRE ALL THE YEARS OF OUR EXISTENCE. WE ARE AFFILIATED WITH THE AMERICAN OPTOMETRIC ASSOCIATION. THE NHOA IS A MEMBERSHIP-GOVERNED ORGANIZATION WHICH OPERATES UNDER A SET OF BYLAWS APPROVED BY THE MEMBERS. A BOARD OF DIRECTORS LEADS THE ASSOCIATION BETWEEN OUR QUARTERLY MEMBERSHIP MEETINGS. WE RETAIN THE SERVICES OF AN EXECUTIVE DIRECTOR TO CONDUCT THE DAY-TO-DAY OPERATIONS OF THE ASSOCIATION, AND SINCE OPTOMETRY IS (AND ALWAYS WILL BE) A PROFESSION CONTROLLED BY THE LEGISLATURE AND THE ADMINISTRATIVE AGENCIES, WE RETAIN A GOVERNMENTAL AFFAIRS FIRM TO GUIDE US THROUGH OUR INVOLVEMENT WITH THESE FUNCTIONS. OUR MOST VISIBLE ACTIVITY IS PROVIDING HIGH-QUALITY CONTINUING EDUCATION (CE) FOR ALL NEW HAMPSHIRE OPTOMETRISTS, BUT BEHIND THE SCEN
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NHOA OFFERS CONTINUING EDUCATION (CE) WHICH IS HIGH-QUALITY, INTERESTING AND USEFUL TO THE PARTICIPANTS IN THEIR PURSUIT OF PROVIDING THE HIGHEST LEVEL OF CARE TO THEIR PATIENTS. THE CE PROVIDED BY THE NHOA IS PLANNED AND COORDINATED ON AN ANNUAL BASIS. IT IS NHOA POLICY THAT THE YEAR'S CE PROGRAMS MEET OR EXCEED ALL STATE OF NEW HAMPSHIRE REQUIREMENTS FOR THE TOTAL NUMBER OF CATEGORY ONE HOURS, FOR SPECIFIC SUBJECT CONTENT (E.G. THE NUMBER OF GLAUCOMA-SPECIFIC HOURS) AND FOR TRANSCRIPT-QUALITY REQUIREMENTS FOR NEW HAMPSHIRE LICENSURE. WITHIN THESE PARAMETERS, A PORTION OF THE ANNUAL CE PROGRAM MAY BE INTERNET-BASED. INDUSTRY PARTNERSHIP WITH THE NHOA IN THE PROVISION OF CE IS A VERY HIGH PRIORITY. IT SERVES NOT ONLY TO PROVIDE SIGNIFICANT FINANCIAL SUPPORT, BUT ALSO TO IMPROVE THE EDUCATIONAL QUALITY OF THE CE EXPERIENCE. TO THIS END, EVERY EFFORT IS MADE TO OBTAIN INDUSTRY PARTICIPATION FOR ALL OUR CE PROGRAMS. THIS INCLUDES, BUT IS NOT LIMITED TO, FINANCIAL SUPPORT, PARTICIPATION AS EXHIBITOR, AND ADVISING THOSE WHO ARE PLANNING THE MEETING ON WAYS TO IMPROVE THE PROGRAM.
NHOA SEEKS TO FOSTER PUBLIC AWARENESS OF OPTOMETRY AS A PRIMARY HEALTH-CARE PROFESSION, AND TO ACT AS AN ADVOCATE FOR OPTOMETRIC VISION CARE IN THE POLITICAL AND REGULATORY PROCESSES.
NHOA INFLUENCES THE FUTURE OF EYE CARE IN NEW HAMPSHIRE BY ENSURING THE WELFARE OF THE PUBLIC AND PROMOTING THE PROFESSION OF OPTOMETRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sowmya Srinivas Vice Preside | OfficerTrustee | 2 | $0 |
Winnie Tseng President-El | OfficerTrustee | 2 | $0 |
James Belanger Treasurer | OfficerTrustee | 2 | $0 |
Erica Griffin President | OfficerTrustee | 2 | $0 |
Jeanne Thurber Secretary | OfficerTrustee | 2 | $0 |
Kelsey Jordan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $93,293 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,293 |
| Total Program Service Revenue | $55,501 |
| Investment income | $36,816 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $185,671 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $31,451 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $1,325 |
| Fees for services: Lobbying | $43,200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90 |
| Advertising and promotion | $1,409 |
| Office expenses | $2,265 |
| Information technology | $2,049 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $13,211 |
| Conferences, conventions, and meetings | $100 |
| Interest | $85 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,436 |
| All other expenses | $0 |
| Total functional expenses | $150,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,103 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $560,173 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $612,276 |
| Accounts payable and accrued expenses | $11 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11 |
| Net assets without donor restrictions | $612,265 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $612,276 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sightsavers Inc Boston, MA | $3,088,961 | $38,408,510 |
Mab Community Services Inc Brookline, MA | $22,797,863 | $33,503,586 |
Carroll Center For The Blind Inc Newton, MA | $12,273,464 | $7,857,415 |
Vermont Association For The Blind And Visually Impaired Inc South Burlington, VT | $11,330,478 | $4,815,693 |
New Hampshire Association For The Blind Concord, NH | $13,968,275 | $3,346,181 |
Iris Network Portland, ME | $3,265,341 | $2,683,947 |
Maine Optometric Association West Enfield, ME | $1,014,387 | $341,611 |
Lowell Association For The Blind Lowell, MA | $1,007,703 | $288,254 |
New England Ophthalmological Society Inc 85 Central St Waltham, MA | $2,659,333 | $484,356 |
American Friends Of The Blind In Greece Portsmouth, NH | $2,139,317 | $431,778 |
Lions Sight & Hearing Foundation Of N H Concord, NH | $1,015,691 | -$32,540 |
Maine Society Of Eye Physicians & Surgeons Manchester, ME | $276,046 | $194,363 |