Pan American Association Of Opthamology
- Assets
- $449.2k
- Revenue
- $282.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Arlington, TX
- Founding
- 04/1983
- Data as of
- 12/2022
- EIN
- 62-0564302
Organization Overview
Pan American Association Of Opthamology is located in Arlington, TX. The organization was established in 1983. 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, Pan American Association Of Opthamology employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pan American Association Of Opthamology 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, Pan American Association Of Opthamology generated $282.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.7%) each year. All expenses for the organization totaled $435.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.2%) per year over the past 8 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
THE PAAO IS A MEDICAL ASSOCIATION DEDICATED TO THE ADVANCEMENT OF EDUCATION, BLINDNESS PREVENTION AND CULTURAL EXCHANGE IN OPHTHALMOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCE EXPENSE - THE PAN AMERICAN ASSOCIATION OF OPHTHALMOLOGY (PAAO) ORGANIZES CONTINUING MEDICAL EDUCATION MEETINGS AND COURSES FOR OPHTHALMOLOGISTS IN THE UNITED STATES AND AROUND THE WORLD.
EDUCATIONAL PROGRAMS - THE VISITING PROFESSORS PROGRAM PROVIDES AN OPPORTUNITY FOR SELECTED MEMBERS TO PRESENT EDUCATIONAL LECTURES AT THE NATIONAL OPHTHALMOLOGICAL CONGRESSES IN THE AMERICAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
See Attached Statement Director | Trustee | 5 | $0 |
Teresa J Bradshaw Admin Officer | Officer | 50 | $94,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $161,870 |
| 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 | $161,870 |
| Total Program Service Revenue | $79,601 |
| Investment income | $53 |
| 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 | $282,406 |
| 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. | $112,617 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $143,873 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,784 |
| Payroll taxes | $17,071 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $875 |
| Fees for services: Accounting | $9,431 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,879 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $393 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,086 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,700 |
| Insurance | $2,089 |
| All other expenses | $52,729 |
| Total functional expenses | $435,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,081 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $200 |
| 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 | $86,589 |
| Net Land, buildings, and equipment | $3,721 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,601 |
| Total assets | $449,192 |
| Accounts payable and accrued expenses | $1,268 |
| Grants payable | $0 |
| Deferred revenue | $269,421 |
| 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 | $50 |
| Total liabilities | $270,739 |
| Net assets without donor restrictions | $178,453 |
| 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 | $449,192 |