N C State Optometric Society Inc
- Assets
- $1.9m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Raleigh, NC
- Founding
- 11/1964
- Data as of
- 06/2022
- EIN
- 56-0860206
Organization Overview
N C State Optometric Society Inc is located in Raleigh, NC. The organization was established in 1964. 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 06/2022, N C State Optometric Society Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. N C State Optometric Society Inc 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, N C State Optometric Society Inc generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $961.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. 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
ADVOCATING FOR OPTOMETRISTS SO THEY CAN BEST SERVE EYE HEALTH AND VISION NEEDS IN NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND NETWORKING: THE SOCIETY HOLDS A CONGRESS TWICE A YEAR IN ORDER TO PROVIDE ITS MEMBERS WITH EDUCATION AND NETWORKING OPPORTUNITIES, AS WELL AS INFORMING THE MEMBERS OF DEVELOPMENTS IN THE OPTOMETRIC INDUSTRY.
STATE AFFAIRS: THE SOCIETY REPRESENTS THE OPTOMETRIC PROFESSION IN REGARD TO LEGISLATION, GOVERNMENT PROGRAMS, AND OPTOMETRIC SERVICES IN ORDER TO PROMOTE THE OPTOMETRIC INDUSTRY AND BENEFIT ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Matt Aldrich Trustee/dist | Trustee | 1 | $0 |
Dr Matt Edwards Trustee | Trustee | 0.5 | $0 |
Dr Ron Faircloth President-El | OfficerTrustee | 1 | $0 |
Dr Mollie Glenn District Pre | Trustee | 0.5 | $0 |
Dr Amanda Heyward District Pre | Trustee | 0.5 | $0 |
Dr Neil Hutto District Pre | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Relate Advocacy Llc Public Relations | 6/29/19 | $111,970 |
Devivo & Sams Policy Partners Llc Lobbying | 6/29/19 | $157,264 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $630,853 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $64,782 |
| 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 | $695,635 |
| Total Program Service Revenue | $311,532 |
| Investment income | -$178,306 |
| 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 | $1,002,682 |
| 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 | $318,193 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,241 |
| Payroll taxes | $24,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,296 |
| Fees for services: Accounting | $43,630 |
| Fees for services: Lobbying | $96,506 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,641 |
| Fees for services: Other | $130,732 |
| Advertising and promotion | $156 |
| Office expenses | $15,760 |
| Information technology | $27,035 |
| Royalties | $0 |
| Occupancy | $16,202 |
| Travel | $42,992 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $160,346 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,333 |
| Insurance | $4,969 |
| All other expenses | $0 |
| Total functional expenses | $961,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $601,941 |
| Savings and temporary cash investments | $57,549 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,647 |
| 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 | $23,068 |
| Net Land, buildings, and equipment | $1,169 |
| Investments—publicly traded securities | $1,142,726 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,260 |
| Total assets | $1,859,360 |
| Accounts payable and accrued expenses | $144,978 |
| Grants payable | $0 |
| Deferred revenue | $271,609 |
| 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 | $17,244 |
| Total liabilities | $433,831 |
| Net assets without donor restrictions | $1,425,529 |
| 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 | $1,859,360 |