Georgia Optometric Association Inc
- Assets
- $1.4m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Atlanta, GA
- Founding
- 05/2010
- Data as of
- 12/2022
- EIN
- 58-0548733
Organization Overview
Georgia Optometric Association Inc is located in Atlanta, GA. The organization was established in 2010. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Georgia Optometric Association Inc employed 3 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Georgia Optometric Association 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 12/2022, Georgia Optometric Association Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $966.4k during the year ending 12/2022. 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
THE MISSION OF THE GEORGIA OPTOMETRIC ASSOCATION IS TO FULFILL THE VISION AND EYE CARE NEEDS OF THE CITIZENS OF GEORGIA THROUGH, CLINICAL CARE, RESEARCH, AND EDUCATION, ALL OF WHICH ENHANCE THE QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS AND CONFERENCES - THE ASSOCIATION HOSTS VARIOUS MEETINGS AND CONFERENCES FOR THE BENEFIT OF MEMBERS DURING THE YEAR TO PROVIDE IT'S MEMBERS WITH CONTINUING EDUCATION AND TO ALLOW MEMBERS TO NETWORK AND DISCUSS ISSUES TO IMPROVE THEIR BUSINESSES.
DIVISION OF ORGANIZATION IS RESPONSIBLE FOR EXPENSES FOR BOARD MEETINGS, MEMBERSHIP PLAQUES, AND OTHER AWARDS DIVISION OF EDUCATION MAINTAINS BOOKS, BROCHURES AND AUDIOVISUALS FOR THE ASSOCIATION'S LIBRARY.
DIVISION OF PRACTICE AND PUBLIC SERVICE IS RESPONSIBLE FOR WEBSITE EXPENSES, KEEPING UP WITH NEWS PERTAINING TO THE PRACTICE OF OPTOMETRY, AND PUBLIC RELATIONS FOR OPTOMETRY.
DIVISION OF ADVANCEMENT IS RESPONSIBLE FOR ADVANCING OPTOMETRY THROUGH LEGISLATION AND LEGISLATIVE FUNCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Markowitz Executive Di | Trustee | 40 | $183,719 |
Dr John Titak President | Officer | 2 | $0 |
Drdarrell A Sorah Jr Past Preside | Officer | $0 | |
Dr Nacondus Gamble President El | Officer | 2 | $0 |
Dr Nadine Humen Fouche Treasurer | Officer | 2 | $0 |
Dr Frank Winski Secretary | Officer | 2 | $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 | $239 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $239 |
| Total Program Service Revenue | $824,685 |
| Investment income | $8,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $43,326 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,229 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,037,777 |
| 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. | $183,719 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,608 |
| Pension plan accruals and contributions | $8,958 |
| Other employee benefits | $27,406 |
| Payroll taxes | $23,905 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,000 |
| Fees for services: Accounting | $20,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,013 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $33,813 |
| Information technology | $41,297 |
| Royalties | $0 |
| Occupancy | $17,745 |
| Travel | $20,414 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $189,609 |
| Interest | $8,155 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,859 |
| Insurance | $9,188 |
| All other expenses | $48,086 |
| Total functional expenses | $966,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $552,205 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,858 |
| 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 | $10,475 |
| Net Land, buildings, and equipment | $500,666 |
| Investments—publicly traded securities | $281,541 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,536 |
| Other assets | $21,373 |
| Total assets | $1,435,654 |
| Accounts payable and accrued expenses | $159,663 |
| Grants payable | $0 |
| Deferred revenue | $91,566 |
| 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 | $223,083 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,972 |
| Total liabilities | $496,284 |
| Net assets without donor restrictions | $0 |
| 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 | $939,370 |
| Total liabilities and net assets/fund balances | $1,435,654 |