Illinois Optometric Association
- Assets
- $3.3m
- Revenue
- $1.4m
- Investments
- $1.6m
- Employees
- 4
- Location
- Springfield, IL
- Founding
- 05/1943
- Data as of
- 12/2023
- EIN
- 36-2586242
Organization Overview
Illinois Optometric Association is located in Springfield, IL. The organization was established in 1943. 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. As of 12/2023, Illinois Optometric Association employed 4 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Illinois 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 12/2023, Illinois Optometric Association generated $1.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROTECTING AND ADVANCING OPTOMETRY FOR THE BENEFIT OF PUBLIC HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IOA JOURNAL FOR MEMBERS - TO PROMOTE THE PROFESSION OF OPTOMETRY AND TO PROVIDE CLINICAL TECHNICAL INFORMATION OF THE HIGHEST CALIBER TO MEMBERS.
ANNUAL CONVENTION - TO BRING MEMBERS TOGETHER IN THE OPTOMETRY PROFESSION AND TO PROVIDE MEMBERS WITH THE LATEST DEVELOPMENTS IN THE PROFESSION.
CONTINUING EDUCATION - TO PROMOTE AND DIRECT POST- GRADUATE OPTOMETRIC EDUCATION AMONG THE MEMBERS OF THE ASSOCIATION BY PROVIDING THE EDUCATIONAL PROGRAMS TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Forzley Od Chair/president | OfficerTrustee | 1 | $0 |
Angela Oberreiter Od Chair-Elect | OfficerTrustee | 1 | $0 |
Ryan Witt Od Secretary | OfficerTrustee | 1 | $0 |
Chelsey Moore Od Immediate Past-Chair | Trustee | 1 | $0 |
Brandon Lernor Od Director | Trustee | 1 | $0 |
Caitlyn Mchugh Od Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,285,084 |
| Investment income | $71,909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14,468 |
| Net Rental Income | $17,621 |
| 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 | $1,415,538 |
| 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. | $149,014 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,289 |
| Pension plan accruals and contributions | $18,182 |
| Other employee benefits | $30,363 |
| Payroll taxes | $22,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,600 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,100 |
| Advertising and promotion | $0 |
| Office expenses | $6,435 |
| Information technology | $3,603 |
| Royalties | $0 |
| Occupancy | $8,664 |
| Travel | $422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $490,581 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,176 |
| Insurance | $6,136 |
| All other expenses | $87,271 |
| Total functional expenses | $1,356,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,179,611 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100 |
| 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 | $50,764 |
| Net Land, buildings, and equipment | $467,823 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,623,296 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,321,594 |
| Accounts payable and accrued expenses | $354,784 |
| Grants payable | $0 |
| Deferred revenue | $214,347 |
| 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 | $569,131 |
| Net assets without donor restrictions | $2,734,461 |
| Net assets with donor restrictions | $18,002 |
| 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 | $3,321,594 |