New Jersey Society Of Optometric Physicians
- Assets
- $1.2m
- Revenue
- $858.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Hamilton, NJ
- Founding
- 05/1971
- Data as of
- 12/2023
- EIN
- 21-0612458
Organization Overview
New Jersey Society Of Optometric Physicians is located in Hamilton, NJ. The organization was established in 1971. 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. As of 12/2023, New Jersey Society Of Optometric Physicians employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Society Of Optometric Physicians 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 12/2023, New Jersey Society Of Optometric Physicians generated $858.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $943.2k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS OPTOMETRY AND SERVES OPTOMETRISTS BY PROVIDING CONTINUING EDUCATION AND OTHER SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NJSOP'S MISSION IS TO ADVOCATE, COMMUNICATE, AND EDUCATE TO ADVANCE THE OPTOMETRIC PROFESSION, WITH A VISION TO PROTECT AND IMPROVE HEALTH THROUGH VISION CARE. IN 2023, NJSOP HOSTED FOUR IN-PERSON CONTINUING EDUCATION PROGRAMS AND ONE VIRTUAL CONTINUING EDUCATION EVENT FOR CREDIT. WE HOSTED AN ONLINE LIBRARY OF CONTINUING EDUCATION RECORDINGS FOR CREDIT. WE HOSTED PROFESSIONAL DEVELOPMENT WEBINARS AND SOCIAL EVENTS AND PROMOTED OUR MEMBERSHIP AND MEMBER BENEFITS TO MEMBERS AND NON-MEMBERS FOR RETENTION AND RECRUITMENT PURPOSES. WE SUPPORTED LEGISLATION TO MODERNIZE THE SCOPE OF PRACTICE FOR OPTOMETRISTS IN NEW JERSEY, WHICH WILL ALLOW OPTOMETRISTS TO HELP IMPROVE ACCESS TO CARE AND HEALTH EQUITY IN OUR STATE. WE DISTRIBUTED COMMUNICATIONS VIA VARIOUS MEDIA THAT EDUCATE THE PUBLIC AND PROVIDE PROFESSIONAL RESOURCES AND VOLUNTEER OPPORTUNITIES FOR OPTOMETRISTS AND RISING OPTOMETRISTS. WE ENCOURAGE INDUSTRY AND DOCTOR RELATIONSHIPS, TO ENHANCE THE PRACTICE OF OPTOMETRY WITHIN NEW JERSEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary-Treasurer | OfficerTrustee | 2.2 | $0 |
Name Not Listed President-Elect | OfficerTrustee | 2.2 | $2,061 |
Name Not Listed President | OfficerTrustee | 2.2 | $2,473 |
Name Not Listed Vice President | OfficerTrustee | 2.2 | $0 |
Name Not Listed Immediate Past President | OfficerTrustee | 1.3 | $0 |
Name Not Listed Director | Trustee | 1.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $454,479 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,294 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $464,773 |
| Total Program Service Revenue | $333,695 |
| Investment income | $25,804 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $16,116 |
| 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 | $858,702 |
| 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 | $20,603 |
| Compensation of current officers, directors, key employees. | $180,319 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,669 |
| Pension plan accruals and contributions | $11,956 |
| Other employee benefits | $24,603 |
| Payroll taxes | $27,606 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,331 |
| Fees for services: Accounting | $16,774 |
| Fees for services: Lobbying | $54,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,398 |
| Fees for services: Other | $2,396 |
| Advertising and promotion | $0 |
| Office expenses | $74,908 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,043 |
| Travel | $3,757 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,575 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,264 |
| Insurance | $3,755 |
| All other expenses | $9,320 |
| Total functional expenses | $943,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,835 |
| Savings and temporary cash investments | $35,581 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,224 |
| 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 | $11,445 |
| Net Land, buildings, and equipment | $51,924 |
| Investments—publicly traded securities | $966,877 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,193,886 |
| Accounts payable and accrued expenses | $8,447 |
| Grants payable | $0 |
| Deferred revenue | $58,702 |
| 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 | $93,361 |
| Total liabilities | $160,510 |
| Net assets without donor restrictions | $1,033,376 |
| 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 | $1,193,886 |