Michigan Optometric Association Inc
- Assets
- $2.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Lansing, MI
- Founding
- 11/1940
- Data as of
- 12/2022
- EIN
- 38-0830546
Organization Overview
Michigan Optometric Association Inc is located in Lansing, MI. The organization was established in 1940. 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 12/2022, Michigan Optometric Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Optometric 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 12/2022, Michigan Optometric Association Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 1.0% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE AND SUPPORT OPTOMETRY IN SERVING EYE CARE NEEDS IN MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED REPRESENTATION AND EDUCATION TO THE MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Dawn Johnson Carder Od Trustee | Trustee | 3 | $0 |
Whitney J Genrich Od Trustee | Trustee | 3 | $0 |
Shea Ferree Carney Trustee | Trustee | 3 | $0 |
Krystal Andrews Od Trustee | Trustee | 3 | $0 |
Robert S Buckingham Od PHD Faao Secretary/treasurer | OfficerTrustee | 3 | $0 |
Jennifer Gail Schad Od Vice President | OfficerTrustee | 3 | $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 | $9,940 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,940 |
| Total Program Service Revenue | $1,127,449 |
| Investment income | $21,815 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $21,506 |
| Net Rental Income | $39,139 |
| Net Gain/Loss on Asset Sales | -$8,093 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,227,181 |
| 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. | $160,644 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,996 |
| Pension plan accruals and contributions | $3,491 |
| Other employee benefits | $3,959 |
| Payroll taxes | $16,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,300 |
| Fees for services: Accounting | $107,801 |
| Fees for services: Lobbying | $19,699 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,593 |
| Fees for services: Other | $43,765 |
| Advertising and promotion | $20,645 |
| Office expenses | $21,435 |
| Information technology | $24,847 |
| Royalties | $0 |
| Occupancy | $28,781 |
| Travel | $19,588 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $355,828 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,084 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,057,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,111 |
| Savings and temporary cash investments | $1,067,866 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,609 |
| 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 | $21,819 |
| Net Land, buildings, and equipment | $287,906 |
| Investments—publicly traded securities | $825,496 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,229,807 |
| Accounts payable and accrued expenses | $9,800 |
| Grants payable | $0 |
| Deferred revenue | $383,470 |
| 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 | $393,270 |
| Net assets without donor restrictions | $1,836,537 |
| 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 | $2,229,807 |