Minnesota Association Of Ophthalmology
- Assets
- $368.4k
- Revenue
- $258.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Stillwater, MN
- Founding
- 12/1972
- Data as of
- 06/2022
- EIN
- 23-7209594
Organization Overview
Minnesota Association Of Ophthalmology is located in Stillwater, MN. The organization was established in 1972. 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. Minnesota Association Of Ophthalmology 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 06/2022, Minnesota Association Of Ophthalmology generated $258.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $255.4k during the year ending 06/2022. While expenses have increased by 3.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE HIGH QUALITY EYE CARE FOR ALL MINNESOTANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGISLATIVE AFFAIRS ACTIVITIES: TO INITIATE ACTION ON MATTERS OF CONCERN TO THE PUBLIC WELFARE; TO MAINTAIN VIGILANCE IN THE LEGISLATURE AND ANY COURT CASES REGARDING ISSUES PERTAINING TO OPHTHALMOLOGY.
PROFESSIONAL EDUCATION: TO PROVIDE CONTINUING MEDICAL EDUCATION, INCLUDING CURRENT CONCEPTS IN THE PRACTICE OF OPHTHALMOLOGY, THE ROLE OF OPHTHALMOLOGISTS IN THE HEALTH CARE INDUSTRY, ISSUES ARISING IN THE LEGISLATURE AND HEALTH RELATED POLICY BOARDS HAVING AN IMPACT ON THE OPHTHALMIC FIELD.
NEWSLETTER: TO INFORM MEMBERSHIP OF CURRENT EVENTS AND ITEMS OF INTEREST WITHIN THE ORGANIZATION AND WITHIN THE PROFESSION AND TO PUBLICIZE THE MEETINGS OF THE MEMBERS.
MEMBER INFORMATION: TO DISCUSS PROBLEMS COMMON TO OPHTHALMOLOGISTS, INCLUDING THIRD PARTY PAYOR, MANAGED CARE, QUALITY CONTROL, OR ANY RELATED SUBJECT FOR THE BENEFIT OF THE MEMBERS, AND TO EDUCATE THE PUBLIC AS TO THE ROLE OF THE OPHTHALMOLOGIST AND THEIR RELATIONSHIP TO OTHER MEDICAL PERSONNEL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kris Wallerich Executive Director | Officer | 35 | $41,238 |
John Chen MD PHD President | OfficerTrustee | 1 | $0 |
Nataliya Danylkova MD President - Elect | OfficerTrustee | 1 | $0 |
Amanda Maltry MD Secretary | OfficerTrustee | 1 | $0 |
D Wilkin Parke MD Ex-Officio | OfficerTrustee | 1 | $0 |
Timothy Olsen MD Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,126 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,061 |
| Total Program Service Revenue | $178,622 |
| Investment income | $6,235 |
| 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 | $258,401 |
| 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. | $55,000 |
| 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 | $3,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $126 |
| Fees for services: Accounting | $7,529 |
| Fees for services: Lobbying | $30,585 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,383 |
| Advertising and promotion | $0 |
| Office expenses | $6,422 |
| Information technology | $6,302 |
| Royalties | $0 |
| Occupancy | $1,944 |
| Travel | $312 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,921 |
| Interest | $2,243 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,121 |
| All other expenses | $0 |
| Total functional expenses | $255,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,929 |
| Savings and temporary cash investments | $32,891 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,498 |
| 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 | $257,097 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $368,415 |
| Accounts payable and accrued expenses | $117 |
| 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 | $117 |
| Net assets without donor restrictions | $15,298 |
| Net assets with donor restrictions | $353,000 |
| 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 | $368,415 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beyond Vision Inc Milwaukee, WI | $23,591,708 | $9,394,034 |
Vision Forward Association Incorporated Milwaukee, WI | $6,770,094 | $2,817,896 |
Duluth Lighthouse For The Blind Inc Duluth, MN | $1,822,072 | $1,499,575 |
Blindness-Learning In New Dimensions Inc Minneapolis, MN | $1,379,551 | $1,622,923 |
Iowa Optometric Association West Des Moines, IA | $3,760,263 | $1,289,293 |
Wisconsin Council Of The Blind & Visually Impaired Inc Madison, WI | $11,120,842 | $1,458,735 |
National Society To Prevent Blindness Milwaukee, WI | $1,000,091 | $878,132 |
Childrens Eye Foundation Roseville, MN | $2,723,556 | $1,418,550 |
Combat Blindness International Inc Madison, WI | $700,105 | $815,137 |
American Council Of The Blind Enterprises And Services Inc Brooklyn Center, MN | $221,780 | $1,106,698 |
Wisconsin Optometric Asociation Madison, WI | $1,750,914 | $749,977 |
Heart Of America Contact Lens Society Inc Creston, IA | $410,073 | $647,803 |