Kentucky Optometric Foundation Inc
- Assets
- $266.0k
- Revenue
- $61.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Frankfort, KY
- Founding
- 09/1987
- Data as of
- 12/2022
- EIN
- 61-1111678
Organization Overview
Kentucky Optometric Foundation Inc is located in Frankfort, KY. The organization was established in 1987. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Optometric Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Kentucky Optometric Foundation Inc generated $61.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $33.9k 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
INCREASE PUBLIC AWARENESS OF POTENTIAL PROBLEMS IN OPTOMETRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC RELATIONS & EDUCATIONAL DISPLAYS, PROGRAMS & EXHIBITS TO BE USED BY AND DISTRIBUTED TO THE PUBLIC AND DESIGNED TO INCREASE PUBLIC AWARENESS OF POTENTIAL PROBLEMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dinah Bevington Ex Director | Trustee | $0 | |
Steve Compton Od President | Trustee | $0 | |
Kris Kerestan Od Vice Pres | Trustee | $0 | |
Tammy Love Od Sec/treas | Trustee | $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 | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $60,296 |
| Investment income | $5,376 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,267 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,405 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,812 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $500 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,000 |
| All other expenses | $309 |
| Total functional expenses | $33,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,251 |
| Savings and temporary cash investments | $248,752 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $266,003 |
| Accounts payable and accrued expenses | $38,199 |
| 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 | $0 |
| Total liabilities | $38,199 |
| Net assets without donor restrictions | $227,804 |
| 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 | $266,003 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missouri Lions Eye Research Foundation Kansas City, MO | $11,391,885 | $10,320,745 |
National Society To Prevent Blindness Chicago, IL | $17,829,229 | $4,816,823 |
Kleb Inc Louisville, KY | $1,708,878 | $3,338,144 |
League For The Blind And Disabled Inc Fort Wayne, IN | $13,675,160 | $2,904,502 |
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 Sight & Hearing Rockford, IL | $9,055,491 | $458,096 |
Central Ohio Lions Eye Bank Inc Columbus, OH | $2,261,506 | $2,054,180 |
Delta Gamma Center For Children With Visual Impairments Saint Louis, MO | $8,354,019 | $2,664,417 |
National Society To Prevent Blindness Columbus, OH | $4,716,429 | $2,037,831 |