Optometric Extension Program Foundation Inc
- Assets
- $872.2k
- Revenue
- $751.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Timonium, MD
- Founding
- 07/1967
- Data as of
- 09/2022
- EIN
- 73-0664688
Organization Overview
Optometric Extension Program Foundation Inc is located in Timonium, MD. The organization was established in 1967. As of 09/2022, Optometric Extension Program Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Optometric Extension Program 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 09/2022, Optometric Extension Program Foundation Inc generated $751.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $744.0k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 7 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
EDUCATION AND RESEARCH OF BEHAVIORAL OPTOMETRY FOR OPTOMETRISTS AND OPTOMETRIC ASSISTANTS BENEFITTING THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPTOMETRIC EXTENSION PROGRAM FOUNDATION'S CLINICAL CORRICULUM IS COMPRISED OF FOUR CORE COURSES WHICH RUN THROUGHOUT THE YEAR. THE FOUR COURSES ARE THE ART & SCIENCE OF OPTOMETRIC CARE, VT1/VISUAL DYSFUNCTIONS, VT2/LEARNING RELATED VISUAL PROBLEMS, VT3/STRABISMUS & AMBLYOPIA. THE CORE COURSES ARE SUPPLEMENTED BY A FOURTH VT4/ SPECIAL AREAS COURSE. ALL COURSES ARE TAUGHT BY THE INTERNATIONAL FACULTY OF OPTOMETRIC EXTENSION PROGRAM FOUNDATION INSTRUCTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Line Vreven Executive Director | Officer | 40 | $119,300 |
Cathy Stern Treasurer | OfficerTrustee | 10 | $0 |
Amy Pruszenski Od Secretary | OfficerTrustee | 10 | $0 |
Pamela Schnell Od Vice President | OfficerTrustee | 10 | $0 |
Eric Hussey Od President | OfficerTrustee | 10 | $0 |
Bradley Habermehl Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,991 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,576 |
| Total Program Service Revenue | $682,869 |
| Investment income | $12,343 |
| 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 | $751,158 |
| 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. | $124,529 |
| Compensation of current officers, directors, key employees. | $18,679 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,845 |
| Pension plan accruals and contributions | $6,491 |
| Other employee benefits | $27,095 |
| Payroll taxes | $17,911 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,638 |
| Fees for services: Accounting | $16,354 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,637 |
| Fees for services: Other | $1,331 |
| Advertising and promotion | $0 |
| Office expenses | $16,951 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,800 |
| Travel | -$333 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $241 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,089 |
| All other expenses | $5,766 |
| Total functional expenses | $743,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,258 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,815 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $60,002 |
| Prepaid expenses and deferred charges | $364 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $624,806 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $872,245 |
| Accounts payable and accrued expenses | $9,064 |
| Grants payable | $0 |
| Deferred revenue | $19,058 |
| 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 | $7,163 |
| Total liabilities | $35,285 |
| Net assets without donor restrictions | $836,960 |
| 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 | $872,245 |
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