Faculty Student Association Of The State College Of Optometry Inc
- Assets
- $239.0k
- Revenue
- $97.4k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1972
- Data as of
- 06/2021
- EIN
- 23-7248577
Organization Overview
Faculty Student Association Of The State College Of Optometry Inc is located in New York, NY. The organization was established in 1972. According to its NTEE Classification (H41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faculty Student Association Of The State College Of Optometry 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 06/2021, Faculty Student Association Of The State College Of Optometry Inc generated $97.4k 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 (9.1%) each year. All expenses for the organization totaled $84.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.2%) 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
PROMOTE AND CULTIVATE EDUCATIONAL AND SOCIAL RELATIONS AMONG THE STUDENTS AND FACULTY OF THE STATE COLLEGE OF OPTOMETRY. THE ORGANIZATION SERVES AS THE FISCAL AGENT FOR THE COLLEGE'S STUDENT GOVERNMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL PROGRAMS AND EDUCATIONAL ENRICHMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vito Cavallaro President | OfficerTrustee | 1 | $0 |
Tracy Nguyen Vice President | OfficerTrustee | 1 | $0 |
Audra Steiner Secretary | OfficerTrustee | 1 | $0 |
David Bowers Treasurer | OfficerTrustee | 1 | $0 |
David Heath Board Member | Trustee | 1 | $0 |
Dawn Rigney Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,190 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,782 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,388 |
| Statement of Expenses | |
|---|---|
| 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 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,350 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $475 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,924 |
| All other expenses | $0 |
| Total functional expenses | $84,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,095 |
| Savings and temporary cash investments | $76,600 |
| 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 | $4,343 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $239,038 |
| Accounts payable and accrued expenses | $6,300 |
| 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 | $6,300 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $232,738 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Research To Prevent Blindness Inc New York, NY | $24,496,612 | $4,438,794 |
Eye & Ear Foundation Inc Pittsburgh, PA | $60,351,580 | $25,333,701 |
New York Society For Gastrointestinal Endoscopy Inc New York, NY | $1,314,526 | $937,994 |
Massachusetts Lions Eye Research Fund Inc Belmont, MA | $3,276,845 | $682,863 |
Ocular Immunology And Uveitis Foundation Inc Weston, MA | $1,297,410 | $675,565 |
Tear Film And Ocular Surface Society Inc Boston, MA | $413,996 | $560,695 |
Connecticut Lions Eye Research Foundation Inc Middlebury, CT | $2,479,025 | $449,784 |
Visual Studies Workshop Inc Rochester, NY | $1,492,437 | $348,917 |
Center For Eye Research Inc Waltham, MA | $1,779,078 | $113,648 |
Eye Tumor Research Foundation Inc Philadelphia, PA | $981,796 | $203,641 |
Ophthalmicedge Inc New York, NY | $227,604 | $145,347 |
Faculty Student Association Of The State College Of Optometry Inc New York, NY | $239,038 | $97,388 |