American Academy Of Optometry
- Assets
- $14.9m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 9
- Location
- Orlando, FL
- Founding
- 08/2001
- Data as of
- 06/2021
- EIN
- 41-1227642
Organization Overview
American Academy Of Optometry is located in Orlando, FL. The organization was established in 2001. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, American Academy Of Optometry employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Optometry is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, American Academy Of Optometry generated $5.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $5.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American Academy Of Optometry has awarded 26 individual grants totaling $1,449,037. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN AND ENHANCE EXCELLENCE IN OPTOMETRIC PRACTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING: THE ANNUAL MEETING WAS HELD (VIRTUALLY) TO EXCHANGE MEDICAL AND SCIENTIFIC KNOWLEDGE RELATING TO THE FIELD OF OPTOMETRY. THE ANNUAL MEETING INCLUDES THE CONTINUING EDUCATION PROGRAM THAT CONSISTS OF MORE THAN 250 COURSES AND PROMOTES KNOWLEDGE ON ALL ASPECTS OF THE OPTOMETRY PRACTICE.
PUBLICATIONS: THE ACADEMY'S JOURNAL, OPTOMETRY & VISION SCIENCE, ARCHIVES THE ADVANCEMENT OF PRIMARY EYE CARE BY PUBLISHING CURRENT RESEARCH IN THE FIELD. THE ACADEMY'S NEWSLETTERS INFORMS MEMBERS OF ACTIVITIES AND PROMOTES FELLOWSHIP.
SECTIONS AND MEMBERSHIP: THE ACADEMY'S SECTIONS ALLOW FOR THE EXCHANGE OF MEDICAL AND SCIENTIFIC KNOWLEDGE RELATING TO SPECIALTIES WITHIN THE FIELD OF OPTOMETRY. MEMBERSHIP DUES AND APPLICATIONS FEES ARE RECEIVED IN EXCHANGE FOR MEMBERSHIP BENEFITS SUCH AS ACCESS TO LOCAL CHAPTERS TO MAKE IT EASY TO KEEP IN TOUCH THROUGH SOCIAL FUNCTIONS AND STUDY BETWEEN REGULAR ANNUAL MEETINGS AND ABILITY TO JOIN ONE OR MORE OF THE SECTIONS AND SPECIAL INTEREST GROUPS DEVOTED TO VARIOUS AREAS OF FOCUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Scott Chief Executive Officer | Officer | 30 | $240,274 |
Richard Jones CPA Chief Financial Officer | Officer | 27 | $168,604 |
Robert Gray Vp, Philanthropy | 1 | $139,091 | |
Helen Viksnins Vp, Education Program | 40 | $126,871 | |
Susan Cotter President-Elect | OfficerTrustee | 10 | $0 |
Joseph Shovlin Board Member (thru 10/20) | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Centerplate - Orange County Convention C Event Catering | 6/29/20 | $523,619 |
Centerplate - Orange County Convention C Event Catering | 6/29/20 | $523,619 |
Tradeshow Logic Event Management | 6/29/20 | $1,302,526 |
Prestige Accomodations International Event Buyout/cancellation | 6/29/20 | $163,471 |
Grand Hyatt San Antonio Event Hotel Services | 6/29/20 | $356,253 |
Grand Hyatt San Antonio Event Hotel Services | 6/29/20 | $356,253 |
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 | $264,108 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $264,108 |
| Total Program Service Revenue | $3,658,226 |
| Investment income | $358,897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $251,566 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,177,270 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,718,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $202,670 |
| Grants and other assistance to domestic individuals. | $8,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $471,244 |
| Compensation of current officers, directors, key employees. | $205,654 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,038,126 |
| Pension plan accruals and contributions | $82,098 |
| Other employee benefits | $159,058 |
| Payroll taxes | $117,601 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,583 |
| Fees for services: Accounting | $24,176 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,689 |
| Fees for services: Other | $273,381 |
| Advertising and promotion | $59,508 |
| Office expenses | $470,150 |
| Information technology | $511,390 |
| Royalties | $0 |
| Occupancy | $148,626 |
| Travel | $79,467 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $247,863 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,352 |
| Insurance | $52,183 |
| All other expenses | $374 |
| Total functional expenses | $4,955,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $418,434 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $394 |
| 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 | $284,659 |
| Net Land, buildings, and equipment | $226,396 |
| Investments—publicly traded securities | $13,859,235 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $112,914 |
| Total assets | $14,902,032 |
| Accounts payable and accrued expenses | $174,284 |
| Grants payable | $0 |
| Deferred revenue | $1,967,532 |
| 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 | $238,968 |
| Total liabilities | $2,380,784 |
| Net assets without donor restrictions | $10,684,030 |
| Net assets with donor restrictions | $1,837,218 |
| 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 | $14,902,032 |
Grants Awarded
Over the last fiscal year, American Academy Of Optometry has awarded $202,670 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Orlando, FL PURPOSE: STAFFING SUPPORT | $66,098 |
Fullerton, CA PURPOSE: CAREER DEVELOPMENT AWARD | $50,000 |
Boston, MA PURPOSE: CAREER DEVELOPMENT AWARD | $50,000 |
Saint Louis, MO PURPOSE: SPONSOR SUPPORT | $25,000 |
Redwood City, CA PURPOSE: RESEARCH AWARD | $6,572 |
Golden, CO PURPOSE: HUMANITARIAN AWARD | $5,000 |
Endowment Analysis
| Beg. Balance | $759,351 |
| Earnings | $218,482 |
| Grants | $16,350 |
| Ending Balance | $961,483 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
Galileo School Foundation Inc Sanford, FL | $34,481,901 | $12,247,750 |
Tree Of Knowledge Learning Academy Inc Miami Beach, FL | $8,101,415 | $14,538,092 |
Bridge Prep Academy Of Tampa Inc Miami, FL | $4,019,388 | $14,708,273 |
Alabama Nursing Home Association Education Foundation Montgomery, AL | $40,408,149 | $40,141,575 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |
Georgia School Boards Association Workers Compensation Fund Lawrenceville, GA | $82,470,003 | $15,076,432 |
Pemayetv Emahakv Inc Hollywood, FL | $6,038,282 | $10,053,886 |
International Charter School Of Atlanta Inc Roswell, GA | $16,008,030 | $10,022,654 |
Gulf Coast Workforce Development Board Inc Panama City, FL | $2,763,305 | $9,285,107 |
Community Action Agency Of South Alabama Daphne, AL | $2,794,375 | $8,517,867 |
Northeast Florida Community Action Agency Inc Jacksonville, FL | $1,884,590 | $8,774,911 |