Armed Forces Optometric Society
- Assets
- $172.2k
- Revenue
- $430.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Louisville, CO
- Founding
- 11/1989
- Data as of
- 12/2019
- EIN
- 52-1034119
Organization Overview
Armed Forces Optometric Society is located in Louisville, CO. The organization was established in 1989. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, Armed Forces Optometric Society employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armed Forces Optometric Society 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 12/2019, Armed Forces Optometric Society generated $430.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $455.6k during the year ending 12/2019. While expenses have increased by 8.5% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE ARMED FORCES OPTOMETRIC SOCIETY (AFOS) IS THE AOA AFFILIATE FOR ALL FEDERAL SERVICES OPTOMETRISTS. OUR MEMBERS INCLUDE THOSE SERVING IN THE US MILITARY (AIR FORCE, ARMY, AND NAVY) AND THEIR RESERVE COMPONENTS. VETERANS ADMINISTRATION, PUBLIC HEALTH SERVICE AND INDIAN HEALTH SEVICE, AND VARIOUS OTHER GOVERNMENTAL ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFOS PROVIDES TWO NATIONAL MEETINGS EACH YEAR FOR OUR MEMBER DOCTORS. THESE NATIONAL MEETINGS PROVIDE ESSENTIAL CONTINUING EDUCATION THAT IS REQUIRED FOR MILITARY OR FEDERAL SERVICE OPTOMETRISTS. IN ADDITION THESE MEETINGS PROVIDE A FORUM FOR KEY EXHIBITORS TO DISPLAY THE LATEST OPHTHALMIC TECHNOLOGY TO OUR MEMBERS. THIS ENABLES EACH MEMBER TO HAVE EXPOSURE TO THE LEADING EDGE INSTRUMENTATION WHICH WILL ASSIST THEIR UNIT/COMMAND IN SELECTING THE APPROPRIATE EQUIPMENT TO DELIVER BEST EYE CARE FOR MILITARY PERSONNEL AND MILITARY VETERANS ACROSS THE NATION.
AFOS MONITORS ALL FEDERAL GUIDELINES, RULES AND REGULATIONS THAT AFFECT OPTOMETRISTS WHO SERVE IN THE MILITARY, VA AND THE FEDERAL GOVERNMENT, AND COMMUNICATE THIS INFORMATION TO OUR MEMBERS THROUGH VARIOUS MEANS OF COMMUNICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr H Lindsay Wright Executive Dir. | Officer | 40 | $143,561 |
Dr Jason Hales President | OfficerTrustee | 1 | $0 |
Dr Emiy Sprague Vice President | OfficerTrustee | 1 | $0 |
Dr Gregory Smith Sec/treasurer | OfficerTrustee | 1 | $0 |
Dr Carla Engelke Past President | Trustee | 1 | $0 |
Dr Christopher Alferez Board Member | Trustee | 0.1 | $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 | $430,328 |
| Investment income | $57 |
| 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 | $430,385 |
| 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. | $161,318 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,373 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,187 |
| Advertising and promotion | $641 |
| Office expenses | $2,132 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $62,069 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $127,117 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,206 |
| Insurance | $755 |
| All other expenses | $13,547 |
| Total functional expenses | $455,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,959 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,228 |
| Other assets | $0 |
| Total assets | $172,187 |
| Accounts payable and accrued expenses | $2,895 |
| 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 | $32,045 |
| Total liabilities | $34,940 |
| Net assets without donor restrictions | $137,247 |
| 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 | $172,187 |
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|---|---|---|
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American Legion Apache Junction, AZ | $3,212,238 | $3,405,557 |
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American Legion Topeka, KS | $1,796,434 | $1,123,115 |
American Legion Denver, CO | $1,954,041 | $762,076 |
Retired Enlisted Association Centennial, CO | $3,860,050 | $787,674 |