Southern Council Of Optometrists
- Assets
- $3.9m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Atlanta, GA
- Founding
- 06/1964
- Data as of
- 07/2023
- EIN
- 58-0867559
Organization Overview
Southern Council Of Optometrists is located in Atlanta, GA. 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 07/2023, Southern Council Of Optometrists employed 5 individuals. This organization is the central organization for a national or regional group of organizations. Southern Council Of Optometrists 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 07/2023, Southern Council Of Optometrists generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $3.8m during the year ending 07/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE EYE CARE WORLD-WIDE THROUGH EDUCATION, PROFESSIONAL NETWORKING, AND STRATEGIC PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECO INTERNATIONAL - AN ANNUAL CONFERENCE AND TRADE SHOW DEDICATED TO PROVIDING CONTINUING EDUCATION FOR OPTOMETRISTS AND ALLIED OPHTHALMIC PROFESSIONALS.
THE STUDENT ADVISORY COMMITTEE - PROVIDES FEEDBACK FOR THE OVERALL STUDENT PROGRAM FOR THE SECO CONGRESS.
WEBSITE PROVIDES ACCESS TO CONTINUING EDUCATION FOR OPTOMETRISTS, ALLIED OPHTHALMIC PROFESSIONALS ALONG WITH MULTI-MEDIA POSTERS.
OUTREACH - THROUGH A PARTNERSHIP SECO IS ASSISTING INTERNATIONAL OPTOMETRY ASSOCIATIONS IN THE PRODUCTION OF CONTINUING EDUCATION PROGRAMS TO MEET THE PROFESSIONAL DEVELOPMENT OF OPTOMETRISTS AND ALLIED OPHTHALMIC PROFESSIONALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Cook Od President | OfficerTrustee | 5 | $6,350 |
Michelle Cooper Od President Elect | OfficerTrustee | 5 | $2,500 |
Horace Deal Od Vice President | OfficerTrustee | 5 | $2,750 |
Tim Barry Od Treasurer | OfficerTrustee | 3 | $2,750 |
David Rouse Od Secretary | OfficerTrustee | 3 | $799 |
Richard Durocher Od Immediate Past President | OfficerTrustee | 3 | $2,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maples Growth Strategies Sales & Marketing Consulting | 7/30/23 | $202,707 |
Dr Walter Mayo Technology Consulting | 7/30/23 | $200,000 |
Candice Hadley Sponsorship/exhibitor Relations | 7/30/23 | $131,225 |
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 | $3,790,368 |
| Investment income | $32,477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,206 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,831,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $79,286 |
| Grants and other assistance to domestic individuals. | $34,044 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $170,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $215,464 |
| Pension plan accruals and contributions | $8,631 |
| Other employee benefits | $45,718 |
| Payroll taxes | $28,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,020 |
| Fees for services: Accounting | $23,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,154 |
| Fees for services: Other | $13,286 |
| Advertising and promotion | $0 |
| Office expenses | $7,074 |
| Information technology | $115,805 |
| Royalties | $0 |
| Occupancy | $35,038 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,996,903 |
| Interest | $26,172 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,106 |
| Insurance | $17,990 |
| All other expenses | $0 |
| Total functional expenses | $3,841,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,024,121 |
| Savings and temporary cash investments | $14,426 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $851,898 |
| 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 | $242,760 |
| Net Land, buildings, and equipment | $308,326 |
| Investments—publicly traded securities | $1,457,500 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,899,031 |
| Accounts payable and accrued expenses | $243,515 |
| Grants payable | $0 |
| Deferred revenue | $964,597 |
| 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 | $622,925 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,831,037 |
| Net assets without donor restrictions | $2,067,994 |
| 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 | $3,899,031 |
Grants Awarded
Over the last fiscal year, Southern Council Of Optometrists has awarded $15,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN COLLEGE OF OPTOMETRY PURPOSE: SEE SCHEDULE I, PART IV | $5,000 |
UAB SCHOOL OF OPTOMETRY PURPOSE: SEE SCHEDULE I, PART IV | $5,000 |
NOVA SOUTHEASTERN UNIVERSITY SCHOOL OF OPTOMETRY PURPOSE: SEE SCHEDULE I, PART IV | $5,000 |