Contact Lens Manufacturers Association Inc
- Assets
- $353.0k
- Revenue
- $371.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Lincoln, NE
- Founding
- 06/1970
- Data as of
- 12/2021
- EIN
- 23-7073347
Organization Overview
Contact Lens Manufacturers Association Inc is located in Lincoln, NE. The organization was established in 1970. 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 12/2021, Contact Lens Manufacturers Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Contact Lens Manufacturers Association 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, Contact Lens Manufacturers Association Inc generated $371.4k 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 (3.9%) each year. All expenses for the organization totaled $312.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) 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
EDUCATION TO MANUFACTURERS, EYECARE PROFESSIONALS & CONSUMER ON CUSTOM CONTACT LENSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION & COST TO DEVELOP & IMPLEMENT EDUCATIONAL PROGRAMS TO EDUCATE MEMBERSHIP (MANUFACTURERS AND SUPPLIERS), OPTOMETRIC SCHOOLS, EYECARE PROFESSIONALS AND CONSUMERS ON CUSTOM CONTACT LENSES VIA VIDEO TAPE, CD-ROM PUBLICATIONS, SPEAKERS, CONVENTIONS, WORKSHOPS AND SEMINARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hibbs Secretary/tr | Officer | 2 | $0 |
Josh Adams President | Officer | 1 | $0 |
Derrell James Vice Preside | Officer | 2 | $0 |
Troy Miller Director | Trustee | 0.5 | $0 |
Chris Pantle Director | Trustee | 1.5 | $0 |
Cindy Belliveau Director | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $369,938 |
| Investment income | $650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $856 |
| 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 | $371,444 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $201,297 |
| Grants and other assistance to domestic individuals. | $563 |
| 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 | $66,843 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,396 |
| Payroll taxes | $5,480 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,709 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,915 |
| 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 | $6,471 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $485 |
| Insurance | $0 |
| All other expenses | $291 |
| Total functional expenses | $312,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,671 |
| Savings and temporary cash investments | $263,938 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,677 |
| 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 | $25,016 |
| Net Land, buildings, and equipment | $729 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $353,031 |
| Accounts payable and accrued expenses | $27,521 |
| 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 | $27,521 |
| Net assets without donor restrictions | $325,510 |
| 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 | $353,031 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Lighthouse For The Blind Inc Wichita, KS | $32,560,477 | $11,748,345 |
Missouri Lions Eye Research Foundation Kansas City, MO | $11,391,885 | $10,320,745 |
Delta Gamma Center For Children With Visual Impairments Saint Louis, MO | $8,354,019 | $2,664,417 |
St Louis Society For The Blind St Louis, MO | $19,259,060 | $3,202,136 |
Iowa Optometric Association West Des Moines, IA | $3,760,263 | $1,289,293 |
United States Association For Blind Athletes Inc Colorado Springs, CO | $1,136,004 | $998,179 |
Outlook Enrichment Omaha, NE | $306,129 | $973,954 |
Kansas Optometric Association Topeka, KS | $1,824,467 | $775,017 |
Colorado Optometric Association Inc Denver, CO | $3,462,917 | $1,110,225 |
Nebraska Optometric Association Inc Lincoln, NE | $530,949 | $700,888 |
Heart Of America Contact Lens Society Inc Creston, IA | $410,073 | $647,803 |
Lions Business Oppertunities For The Missouri Blind Inc Jefferson City, MO | $1,258,926 | $745,364 |