Connecticut Association Of Optometrists Inc
- Assets
- $1.5m
- Revenue
- $665.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Rocky Hill, CT
- Founding
- 03/1972
- Data as of
- 12/2021
- EIN
- 06-0874713
Organization Overview
Connecticut Association Of Optometrists Inc is located in Rocky Hill, CT. The organization was established in 1972. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2021, Connecticut Association Of Optometrists Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Association Of Optometrists Inc 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 12/2021, Connecticut Association Of Optometrists Inc generated $665.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $713.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ASSOCIATION IS ADVANCING THE PROFESSION OF OPTOMETRY TO THE FOREFRONT OF EYE CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS HELD THROUGHOUT THE YEAR FOR MEMBERSHIP EDUCATION AND FELLOWSHIP.
GOVERNMENT AND PUBLIC RELATIONS PROGRAMS IMPLEMENTED TO BRING ADMINISTRATIVE AND LEGISLATIVE MEMBERS AWARE OF THE ISSUES CONCERNING OPTOMETRISTS IN CONNECTICUT. REFERRAL SERVICES PROVIDED TO THE GENERAL PUBLIC IN NEED OF A QUALIFIED OPTOMETRIST WITHIN THE STATE OF CT. PUBLIC RELATIONS MEASURES, MEMBER DEMOGRAPHIC SURVEY, NEWSLETTER, ETC.
PROGRAMS AND MEMBER SERVICES CARRIED ON FOR A BENEFIT OF THE MEMBERS. PRIMARILY THROUGH A SERIES OF EDUCATIONAL PROGRAMS RELATED TO THE FIELD OF OPTOMETRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Sedlak MBA Cae Executive Director | OfficerTrustee | 40 | $85,647 |
Gary Maglio President Elect | OfficerTrustee | 0.5 | $0 |
Stephen N Polezonis Od President | OfficerTrustee | 0.5 | $0 |
Emily Love Od Treasurer/secretary | OfficerTrustee | 0.5 | $0 |
John Nedelcu Od Vice President | OfficerTrustee | 0.5 | $0 |
Christopher Agro Od Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $498,837 |
| 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 | $498,837 |
| Total Program Service Revenue | $13,417 |
| Investment income | $51,520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $66,220 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $665,284 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,924 |
| Pension plan accruals and contributions | $4,063 |
| Other employee benefits | $6,287 |
| Payroll taxes | $11,166 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,000 |
| Fees for services: Accounting | $7,593 |
| Fees for services: Lobbying | $88,956 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,064 |
| Advertising and promotion | $0 |
| Office expenses | $22,033 |
| Information technology | $348 |
| Royalties | $0 |
| Occupancy | $20,404 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,985 |
| Interest | $0 |
| Payments to affiliates | $308,046 |
| Depreciation, depletion, and amortization | $6,050 |
| Insurance | $2,913 |
| All other expenses | $0 |
| Total functional expenses | $713,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,386 |
| Savings and temporary cash investments | $1,017 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,304 |
| 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 | $66,220 |
| Net Land, buildings, and equipment | $112,611 |
| Investments—publicly traded securities | $1,233,671 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,486,209 |
| Accounts payable and accrued expenses | $75,727 |
| Grants payable | $0 |
| Deferred revenue | $80,058 |
| 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 | $0 |
| Total liabilities | $155,785 |
| Net assets without donor restrictions | $1,330,424 |
| 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 | $1,486,209 |
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