American Academy Of Optometry
- Assets
- $13.0m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 20
- Location
- Orlando, FL
- Founding
- 08/2001
- Data as of
- 06/2022
- EIN
- 41-1227642
Organization Overview
American Academy Of Optometry is located in Orlando, FL. The organization was established in 2001. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, American Academy Of Optometry employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Optometry 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 06/2022, American Academy Of Optometry generated $8.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $8.0m during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 7 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.
Since 2015, American Academy Of Optometry has awarded 29 individual grants totaling $2,024,606. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN AND ENHANCE EXCELLENCE IN OPTOMETRIC PRACTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING: THE ANNUAL MEETING WAS HELD IN BOSTON, MASSACHUSETTS, TO EXCHANGE MEDICAL AND SCIENTIFIC KNOWLEDGE RELATING TO THE FIELD OF OPTOMETRY. THE ANNUAL MEETING INCLUDES THE CONTINUING EDUCATION PROGRAM THAT CONSISTS OF MORE THAN 200 COURSES AND PROMOTES KNOWLEDGE ON ALL ASPECTS OF THE OPTOMETRY PRACTICE.
PUBLICATIONS: THE ACADEMY'S JOURNAL, OPTOMETRY & VISION SCIENCE, ARCHIVES THE ADVANCEMENT OF PRIMARY EYE CARE BY PUBLISHING CURRENT RESEARCH IN THE FIELD. THE ACADEMY'S NEWSLETTERS INFORMS MEMBERS OF ACTIVITIES AND PROMOTES FELLOWSHIP.
SECTIONS AND MEMBERSHIP: THE ACADEMY'S SECTIONS ALLOW FOR THE EXCHANGE OF MEDICAL AND SCIENTIFIC KNOWLEDGE RELATING TO SPECIALTIES WITHIN THE FIELD OF OPTOMETRY. MEMBERSHIP DUES AND APPLICATIONS FEES ARE RECEIVED IN EXCHANGE FOR MEMBERSHIP BENEFITS SUCH AS ACCESS TO LOCAL CHAPTERS TO MAKE IT EASY TO KEEP IN TOUCH THROUGH SOCIAL FUNCTIONS AND STUDY BETWEEN REGULAR ANNUAL MEETINGS AND ABILITY TO JOIN ONE OR MORE OF THE SECTIONS AND SPECIAL INTEREST GROUPS DEVOTED TO VARIOUS AREAS OF FOCUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Scott Chief Executive Officer | Officer | 30 | $245,370 |
Richard Jones Chief Financial Officer | Officer | 27 | $172,187 |
Helen Viksnins Vp, Education & Professional Relations | 40 | $132,466 | |
Sara Taylor Vice President, Marketing | 35 | $113,134 | |
Elizabeth Taylor Vp, Meetings & Industry Relations | 40 | $111,808 | |
Susan Cotter President-Elect | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Projection Presentation Tech A/v Equipment And Labor- Academy 2022 Sa | 6/29/22 | $722,639 |
Nimble User Ams Database Implementation | 6/29/22 | $375,577 |
Smart City Internet Network Service At Academy 2022 | 6/29/22 | $143,236 |
The Ohio State University College Of Opt Ovs Support | 6/29/22 | $138,576 |
Actualize Studio Llc Lms Hub Web Development | 6/29/22 | $102,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $693,478 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,786 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $896,264 |
| Total Program Service Revenue | $6,222,978 |
| Investment income | $643,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $244,157 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $263,311 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,270,170 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $487,500 |
| Grants and other assistance to domestic individuals. | $88,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $481,054 |
| Compensation of current officers, directors, key employees. | $209,628 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,157,129 |
| Pension plan accruals and contributions | $96,854 |
| Other employee benefits | $161,804 |
| Payroll taxes | $126,541 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,236 |
| Fees for services: Accounting | $26,828 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,221 |
| Fees for services: Other | $393,147 |
| Advertising and promotion | $79,541 |
| Office expenses | $333,069 |
| Information technology | $340,199 |
| Royalties | $0 |
| Occupancy | $187,856 |
| Travel | $275,603 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,641,345 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,369 |
| Insurance | $59,550 |
| All other expenses | $8,037 |
| Total functional expenses | $8,039,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $452,909 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $268,034 |
| 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 | $398,932 |
| Net Land, buildings, and equipment | $1,461,352 |
| Investments—publicly traded securities | $10,321,487 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,769 |
| Total assets | $12,994,483 |
| Accounts payable and accrued expenses | $312,608 |
| Grants payable | $0 |
| Deferred revenue | $2,243,198 |
| 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 | $19,404 |
| Total liabilities | $2,575,210 |
| Net assets without donor restrictions | $8,794,882 |
| Net assets with donor restrictions | $1,624,391 |
| 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 | $12,994,483 |
Grants Awarded
Over the last fiscal year, American Academy Of Optometry has awarded $477,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF HOUSTON COLLEGE OF OPTOMETRY PURPOSE: CLINICAL RESEARCH AWARD | $100,000 |
CHILDREN'S HOSPITAL CORPORATION PURPOSE: CAREER DEVELOPMENT AWARD | $50,000 |
ASSOCIATION OF SCHOOLS AND COLLEGES OF OPTOMETRY PURPOSE: CONTRIBUTION TO EDUCATION | $50,000 |
AMERICAN ACADEMY OF OPTOMETRY FOUNDATION PURPOSE: CONTRIBUTION TO EDUCATION | $277,500 |