Alabama Optometric Association
- Assets
- $423.9k
- Revenue
- $507.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Montgomery, AL
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 63-0702579
Organization Overview
Alabama Optometric Association is located in Montgomery, AL. The organization was established in 2009. 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, Alabama Optometric Association employed 2 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Alabama Optometric Association 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, Alabama Optometric Association generated $507.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $573.4k 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
TO ADVANCE THE PROFESSION OF OPTOMETRY THROUGH PROFESSIONAL DEVELOPMENT, EDUCATION, AND PUBLIC POLICY ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OBJECTIVE OF THE ORGANIZATION IS TO CONSIDER AND DEAL WITH THOSE COMMON INTRA-INDUSTRY PROBLEMS OF MANAGEMENT INVOLVED IN THE FIELD OF OPTOMETRY AND TO SECURE COOPERATIVE ACTION IN ADVANCING THE COMMON PURPOSE OF ITS MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Lawrence Od Director | Trustee | 0 | $0 |
Gussie B Branch Od Director | Trustee | 0 | $0 |
Andrew S Carter Od Director | Trustee | 0 | $0 |
Patricia M Fulmer Od Director | Trustee | 0 | $0 |
Aubrey Odom Od Director | Trustee | 0 | $0 |
Lauren N Stirling Od Director | Trustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $446,921 |
| Investment income | $3,832 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $34,391 |
| 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 | $506,952 |
| 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. | $130,640 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,151 |
| Pension plan accruals and contributions | $3,632 |
| Other employee benefits | $0 |
| Payroll taxes | $12,836 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,700 |
| Fees for services: Lobbying | $116,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $36,843 |
| Information technology | $3,095 |
| Royalties | $0 |
| Occupancy | $2,904 |
| Travel | $8,859 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $104,570 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $528 |
| Insurance | $2,469 |
| All other expenses | $18,577 |
| Total functional expenses | $573,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,024 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,099 |
| 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 | $2,031 |
| Net Land, buildings, and equipment | $731 |
| Investments—publicly traded securities | $349,985 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $423,870 |
| Accounts payable and accrued expenses | $27,931 |
| Grants payable | $0 |
| Deferred revenue | $192,786 |
| 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 | $56,614 |
| Total liabilities | $277,331 |
| Net assets without donor restrictions | $146,539 |
| 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 | $423,870 |