Optometric Foundation Of North Dakota Inc

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.

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)Compensation
Brian Beattie Od
Chairman
$0
Jason Schaff
Treasurer
$0
Kristen Engstrom Od
Secretary
$0
Blaine Burdick
Director
$0
James Helmers
Vice Chair
$0
Lori Scheel
Director
$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

Grants Awarded

Over the last fiscal year, Optometric Foundation Of North Dakota Inc has awarded $1,977,586 in support to 2 organizations.

Grant RecipientAmount

DAKOTA MEDICAL FOUNDATION

Org PageRecipient Profile

Fargo, ND

PURPOSE: ENDOWMENT FUND DISBURSEMENT

$1,970,086

ND OPTOMETRIC ASSOC

Org PageRecipient Profile

Bismarck, ND

PURPOSE: PROMO OF VISUAL HEALTH AND ADMIN

$7,500
View Grant Profile

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 OrganizationAmount
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
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$372,997
Earnings$47,702
Admin Expense$1,647
Ending Balance$419,052

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