Optometric Foundation Of North Dakota Inc
- Assets
- $614.5k
- Revenue
- $88.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 08/2003
- Data as of
- 12/2021
- EIN
- 77-0599827
Organization Overview
Optometric Foundation Of North Dakota Inc is located in Fargo, ND. The organization was established in 2003. 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. Optometric Foundation Of North Dakota 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 12/2021, Optometric Foundation Of North Dakota Inc generated $88.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $25.6k during the year ending 12/2021. While expenses have increased by 9.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED FOR ACCEPTING AND ADMINISTERING CHARITABLE DONATIONS TO IMPROVE THE VISUAL HEALTH AND WELFARE OF NORTH DAKOTA'S CITIZEN, INLCUDING FUNDING GRANTS, PROGRAMS TO IMPROVE ACCESS TO EYE CARE, SCHOLARSHIPS AND PROGRAMS TO PORMOTE PUBLIC AWARENESS ON THE IMPORTANCE OF A LIFETIME OF COMPREHENSIVE EYE CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANTS TO OTHER ORGANIZATIONS TO PROVIDE VISION SCREENING AND CLEANING AND REPAIRS OF OPTOMETRIC EQUIPMENT AND OPTOMETRIC SUPPLIES
STARTED "VISION START", A PROGRAM TO PROVIDE COMPREHENSIVE EYE EXAMS TO KIDS AGE 4-5 YEARS OLD IN NEED. WITH 1-IN-4 KIDS ENTERING KINDERGARTEN HAVING A VISION PROBLEM AND 80% OF EVERYTHING A CHILD LEARNS DEPENDING ON VISION, THE PROGRAM WAS CREATED TO HELP KIDS SEE A BRIGHTER FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Beattie Od Chairman | OfficerTrustee | 1 | $0 |
Jason Schaff Treasurer | OfficerTrustee | 1 | $0 |
Kristen Engstrom Od Secretary | OfficerTrustee | 1 | $0 |
Blaine Burdick Director | Trustee | 1 | $0 |
Lori Scheel Director | Trustee | 1 | $0 |
James Helmers Vice Chair | Trustee | 1 | $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 | $70,952 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,952 |
| Total Program Service Revenue | $0 |
| Investment income | $11,243 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,987 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,182 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,030 |
| 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 | $942 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,040 |
| Fees for services: Other | $0 |
| Advertising and promotion | $675 |
| Office expenses | $8,493 |
| 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 | $997 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $626 |
| All other expenses | $0 |
| Total functional expenses | $25,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,304 |
| Savings and temporary cash investments | $7,536 |
| 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 | $555,632 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $614,472 |
| Accounts payable and accrued expenses | $4,195 |
| 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 | $4,195 |
| Net assets without donor restrictions | $610,277 |
| 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 | $614,472 |
Grants Awarded
Over the last fiscal year, Optometric Foundation Of North Dakota Inc has awarded $1,977,586 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Fargo, ND PURPOSE: ENDOWMENT FUND DISBURSEMENT | $1,970,086 |
Bismarck, ND PURPOSE: PROMO OF VISUAL HEALTH AND ADMIN | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Optometric Foundation Of North Dakota Inc has recieved totaling $68,342.
| Awarding Organization | Amount |
|---|---|
Dakota Medical Foundation Fargo, ND PURPOSE: Program support to provide eye exams to children aged 4 and 5 years old and eliminate vision problems. | $68,342 |
Endowment Analysis
| Beg. Balance | $372,997 |
| Earnings | $47,702 |
| Admin Expense | $1,647 |
| Ending Balance | $419,052 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Duluth Lighthouse For The Blind Inc Duluth, MN | $1,822,072 | $1,499,575 |
Blindness-Learning In New Dimensions Inc Minneapolis, MN | $1,379,551 | $1,622,923 |
Childrens Eye Foundation Roseville, MN | $2,723,556 | $1,418,550 |
American Council Of The Blind Enterprises And Services Inc Brooklyn Center, MN | $221,780 | $1,106,698 |
Minnesota Optometric Association Inc Bloomington, MN | $1,146,260 | $735,290 |
South Dakota Lions Foundation Inc Sioux Falls, SD | $1,254,538 | $233,178 |
Lifesight Rapid City, SD | $3,352,549 | $423,757 |
Montana Optometric Association Helena, MT | $660,838 | $256,067 |
South Dakota Optometric Society Pierre, SD | $906,951 | $376,821 |
Minnesota Association Of Ophthalmology Stillwater, MN | $368,415 | $258,401 |
Montana Association For The Blind Inc Bozeman, MT | $1,545,573 | $226,715 |
North Dakota Optometric Assn Bismarck, ND | $1,171,628 | $267,639 |