N C State Optometric Society Inc
- Assets
- $1.8m
- Revenue
- $986.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Raleigh, NC
- Founding
- 11/1964
- Data as of
- 06/2021
- 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 06/2021, 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 06/2021, N C State Optometric Society Inc generated $986.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $829.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 6 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
2021
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 |
|---|---|---|---|
Adrianne Drollette Executive Director | Officer | 40 | $121,000 |
Ron Faircloth Od President-Elect | OfficerTrustee | 1 | $0 |
Susanne Kilgo Od President Beg. 6/12/21 | OfficerTrustee | 2 | $0 |
Rachael Wruble Od President Thru 6/12/21 | OfficerTrustee | 2 | $0 |
Jeff Sterling Od Sec-Treas Thru 6/12/21; VP | OfficerTrustee | 2 | $0 |
Sean Smolenyak Od Secretary-Treasurer Beg. 6/12/21 | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Devivo & Sams Policy Partners Llc Lobbying | 6/29/19 | $157,264 |
Relate Advocacy Llc Public Relations | 6/29/19 | $111,970 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $618,175 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $64,336 |
| 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 | $682,511 |
| Total Program Service Revenue | $162,623 |
| Investment income | $20,633 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,107 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,258 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $986,641 |
| 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. | $132,122 |
| Compensation of current officers, directors, key employees. | $66,061 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $187,596 |
| Pension plan accruals and contributions | $5,639 |
| Other employee benefits | $22,982 |
| Payroll taxes | $22,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,875 |
| Fees for services: Accounting | $31,250 |
| Fees for services: Lobbying | $87,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,954 |
| Fees for services: Other | $124,429 |
| Advertising and promotion | $0 |
| Office expenses | $5,463 |
| Information technology | $35,969 |
| Royalties | $0 |
| Occupancy | $41,830 |
| Travel | $10,181 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,095 |
| Interest | $580 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,944 |
| Insurance | $5,468 |
| All other expenses | $229 |
| Total functional expenses | $829,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $384,311 |
| Savings and temporary cash investments | $71,469 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,822 |
| 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 | $9,066 |
| Net Land, buildings, and equipment | $3,057 |
| Investments—publicly traded securities | $1,320,753 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,260 |
| Total assets | $1,793,738 |
| Accounts payable and accrued expenses | $51,343 |
| Grants payable | $0 |
| Deferred revenue | $268,492 |
| 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 | $64,782 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,645 |
| Total liabilities | $409,262 |
| Net assets without donor restrictions | $1,384,476 |
| 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 | $1,793,738 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Cooperative Services For The Blind Inc Snellville, GA | $28,494,094 | $9,142,044 |
Georgia Eye Bank Inc Atlanta, GA | $18,619,601 | $6,754,621 |
Metrolina Association For The Blind Inc Charlotte, NC | $1,978,768 | $3,646,463 |
Meyer Center For Special Children Greenville, SC | $6,846,840 | $4,538,685 |
Southern Council Of Optometrists Atlanta, GA | $3,597,843 | $3,344,047 |
Conexus Richmond, VA | $2,113,559 | $3,416,760 |
Lions Volunteer Blind Industries Inc Morristown, TN | $6,170,102 | $1,326,528 |
Lions Medical Eye Bank And Research Center Of Eastern Virginia Inc Norfolk, VA | $3,467,664 | $2,434,440 |
American Council Of The Blind Inc Alexandria, VA | $5,964,246 | $2,166,772 |
Center For The Visually Impaired Foundation Inc Atlanta, GA | $3,998,793 | $1,342,725 |
National Federation Of The Blind Of South Carolina Columbia, SC | $1,828,157 | $2,000,909 |
Association For The Blind And Visually Impaired South Carolina Charleston, SC | $5,764,094 | $1,241,765 |