College Of Optometrists In Vision Development
- Assets
- $1.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Aurora, OH
- Founding
- 10/1970
- Data as of
- 12/2021
- EIN
- 41-0962335
Organization Overview
College Of Optometrists In Vision Development is located in Aurora, OH. 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 12/2022, College Of Optometrists In Vision Development employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Of Optometrists In Vision Development 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 12/2021, College Of Optometrists In Vision Development generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $548.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.7%) 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
IMPROVING LIVES BY ADVANCING EXCELLENCE IN OPTOMETRIC VISION THERAPY AND REHABILITATION THROUGH EDUCATION AND BOARD CERTIFICATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPANDED THE NUMBER OF CERTIFIED PROVIDERS WHO DELIVER DEVELOPMENTAL AND BEHAVIORAL VISION CARE AND OPTOMETRIC VISION THERAPY. EDUCATED THE PUBLIC BY PROMOTING AWARENESS THAT VISION INVOLVES MORE THAN EYESIGHT, THE LINK BETWEEN VISION AND LEARNING, AND RESEARCH FINDINGS IN THE FIELD OF BEHAVIORAL AND DEVELOPMENTAL VISION CARE AND OPTOMETRIC VISION THERAPY AND REHABILITATION. PUBLISHED A JOURNAL TO CONTINUE THE EDUCATION OF PROVIDERS.
ANNUAL MEETING OFFERS A FORUM TO EDUCATE MEMBERS AND OTHER OPTOMETRIC PROFESSIONALS ON THE LATEST DEVELOPMENTS WITHIN THE FIELD.
IN ADDITION TO AN ANNUAL MEETING COVD OFFERS CONTINUING EDUCATION COURSES THROUGHOUT THE YEAR IN VARIOUS LOCATIONS. THESE COURSES OFFER LECTURES AND HANDS-ON LEARNING OPPORTUNITIES IN THE FIELD OF OPTOMETRIC VISION THERAPY AND REHABILITATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel J Press Immediate Past President | OfficerTrustee | 10 | $0 |
Mary Beck Director | Trustee | 10 | $0 |
Marie Bodack President-Elect | OfficerTrustee | 10 | $0 |
Jennifer Dattolo President | OfficerTrustee | 10 | $0 |
Patrick Quaid Secretary-Treasurer | OfficerTrustee | 10 | $0 |
Curtis Baxstrom Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $381,015 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,605 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $491,555 |
| Total Program Service Revenue | $495,389 |
| Investment income | $42,805 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,681 |
| 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 | $1,051,216 |
| 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. | $114,000 |
| Compensation of current officers, directors, key employees. | $28,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,500 |
| Pension plan accruals and contributions | $12,091 |
| Other employee benefits | $14,201 |
| Payroll taxes | $17,131 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,477 |
| 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 | $6,547 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,881 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,618 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,243 |
| Insurance | $5,424 |
| All other expenses | $44,354 |
| Total functional expenses | $548,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,966 |
| Savings and temporary cash investments | $981,913 |
| 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 | $23,801 |
| Net Land, buildings, and equipment | $1,761 |
| Investments—publicly traded securities | $736,866 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,765,307 |
| Accounts payable and accrued expenses | $2,002 |
| Grants payable | $0 |
| Deferred revenue | $305,171 |
| 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 | $307,173 |
| Net assets without donor restrictions | $1,168,093 |
| Net assets with donor restrictions | $290,041 |
| 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 | $1,765,307 |
Grants Awarded
Over the last fiscal year, College Of Optometrists In Vision Development has awarded $7,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE OHIO STATE UNIVERSITY PURPOSE: THIS GRANT IS DESIGNED TO SUPPORT RESEARCH RELATED TO OCULOMOTOR, BINOCULAR VISION, VISUAL INFORMATION PROCESSING, AND LEARNING RELATED VISION PROBLEMS AND VISION THERAPY. | $4,000 |
MIDWESTERN UNIVERSITY PURPOSE: THIS GRANT IS DESIGNED TO SUPPORT RESEARCH RELATED TO OCULOMOTOR, BINOCULAR VISION, VISUAL INFORMATION PROCESSING, AND LEARNING RELATED VISION PROBLEMS AND VISION THERAPY. | $3,500 |