Michigan Optometric Association Inc
- Assets
- $2.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Lansing, MI
- Founding
- 11/1940
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Michigan Optometric Association Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $871.8k during the year ending 12/2021. 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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Towns Executive Director | Officer | 40 | $126,892 |
Jennifer Gail Schad Od Secretary/treasurer | OfficerTrustee | 3 | $0 |
William R Harmon Jr Od Past President | OfficerTrustee | 3 | $0 |
Michael Pack Od Vice President | OfficerTrustee | 3 | $0 |
Nicholas S Czinder Od President | OfficerTrustee | 3 | $0 |
James D Hardie Od President Elect | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $112,984 |
| 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 | $112,984 |
| Total Program Service Revenue | $863,394 |
| Investment income | $74,121 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $18,579 |
| Net Rental Income | $27,312 |
| Net Gain/Loss on Asset Sales | -$762 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,115,968 |
| 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. | $149,851 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $111,643 |
| Pension plan accruals and contributions | $4,464 |
| Other employee benefits | $7,212 |
| Payroll taxes | $18,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,400 |
| Fees for services: Accounting | $40,500 |
| Fees for services: Lobbying | $21,293 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,707 |
| Advertising and promotion | $6,489 |
| Office expenses | $37,949 |
| Information technology | $32,709 |
| Royalties | $0 |
| Occupancy | $21,367 |
| Travel | $14,119 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $193,807 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,228 |
| Insurance | $5,449 |
| All other expenses | $0 |
| Total functional expenses | $871,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,366 |
| Savings and temporary cash investments | $877,022 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,060 |
| 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 | $28,056 |
| Net Land, buildings, and equipment | $318,623 |
| Investments—publicly traded securities | $955,816 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,223,943 |
| Accounts payable and accrued expenses | $17,919 |
| Grants payable | $0 |
| Deferred revenue | $401,610 |
| 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 | $419,529 |
| Net assets without donor restrictions | $1,804,414 |
| 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 | $2,223,943 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beyond Vision Inc Milwaukee, WI | $23,591,708 | $9,394,034 |
Vision Forward Association Incorporated Milwaukee, WI | $6,770,094 | $2,817,896 |
League For The Blind And Disabled Inc Fort Wayne, IN | $13,675,160 | $2,904,502 |
Penrickton Center For Blind Children Taylor, MI | $14,000,121 | $4,048,500 |
Central Ohio Lions Eye Bank Inc Columbus, OH | $2,261,506 | $2,054,180 |
National Society To Prevent Blindness Columbus, OH | $4,716,429 | $2,037,831 |
Indiana Optometric Association Inc Carmel, IN | $2,332,452 | $1,838,824 |
Wisconsin Council Of The Blind & Visually Impaired Inc Madison, WI | $11,120,842 | $1,458,735 |
Toledo Society For The Blind Inc Toledo, OH | $5,892,217 | $2,083,619 |
National Society To Prevent Blindness Milwaukee, WI | $1,000,091 | $878,132 |
Association For The Blind And Visually Impaired Grand Rapids, MI | $776,827 | $765,618 |
Michigan Optometric Association Inc Lansing, MI | $2,223,943 | $1,115,968 |