Iowa Optometric Association
- Assets
- $3.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 2
- Location
- West Des Moines, IA
- Founding
- 06/1948
- Data as of
- 04/2022
- EIN
- 42-0659875
Organization Overview
Iowa Optometric Association is located in West Des Moines, IA. The organization was established in 1948. 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 04/2022, Iowa Optometric Association employed 2 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Iowa Optometric Association 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 04/2022, Iowa Optometric Association generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.3m during the year ending 04/2022. While expenses have increased by 2.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE IOWA OPTOMETRIC ASSOCIATION IS A STATEWIDE PROFESSIONAL ASSOCIATION OF OPTOMETRISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Ellis Executive Director | Officer | 45 | $148,814 |
Randall Johnson Od President | OfficerTrustee | 0 | $0 |
Jeffery Neighbors Od President-Elect | OfficerTrustee | 2 | $0 |
Brian Kirschling Od Past President | OfficerTrustee | 2 | $0 |
Donald Furman Od Vice President | OfficerTrustee | 2 | $0 |
Michael Kruger Od Secretary/treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,894 |
| 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 | $21,894 |
| Total Program Service Revenue | $1,210,880 |
| Investment income | $10,330 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $1,289,293 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,000 |
| 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. | $170,784 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,284 |
| Pension plan accruals and contributions | $2,350 |
| Other employee benefits | $574 |
| Payroll taxes | $11,537 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,300 |
| Fees for services: Accounting | $14,684 |
| Fees for services: Lobbying | $42,331 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,600 |
| Advertising and promotion | $27,737 |
| Office expenses | $60,744 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,695 |
| Travel | $44,161 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $254,152 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,463 |
| Insurance | $28,154 |
| All other expenses | $51,346 |
| Total functional expenses | $1,264,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $772,028 |
| Savings and temporary cash investments | $1,320,673 |
| 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 | $0 |
| Net Land, buildings, and equipment | $143,594 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,523,968 |
| Total assets | $3,760,263 |
| Accounts payable and accrued expenses | $1,539 |
| 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 | $1,539 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $3,758,724 |
| Total liabilities and net assets/fund balances | $3,760,263 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iowa Optometric Association has recieved totaling $2,717.
| Awarding Organization | Amount |
|---|---|
Heart Of America Contact Lens Society Inc Creston, IA PURPOSE: ADVANCEMENT OF THE CONTACT LENS PROFESSIONALS | $2,717 |
Endowment Analysis
| Beg. Balance | $1,424,228 |
| Earnings | $68,206 |
| Net Contributions | $31,534 |
| Ending Balance | $1,523,968 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missouri Lions Eye Research Foundation Kansas City, MO | $11,391,885 | $10,320,745 |
Beyond Vision Inc Milwaukee, WI | $23,591,708 | $9,394,034 |
National Society To Prevent Blindness Chicago, IL | $17,829,229 | $4,816,823 |
Vision Forward Association Incorporated Milwaukee, WI | $6,770,094 | $2,817,896 |
Center For Sight & Hearing Rockford, IL | $9,055,491 | $458,096 |
Delta Gamma Center For Children With Visual Impairments Saint Louis, MO | $8,354,019 | $2,664,417 |
St Louis Society For The Blind St Louis, MO | $19,259,060 | $3,202,136 |
Horizons For The Blind Inc Crystal Lake, IL | $4,367,983 | $2,299,343 |
Duluth Lighthouse For The Blind Inc Duluth, MN | $1,822,072 | $1,499,575 |
Blindness-Learning In New Dimensions Inc Minneapolis, MN | $1,379,551 | $1,622,923 |
Iowa Optometric Association West Des Moines, IA | $3,760,263 | $1,289,293 |
Wisconsin Council Of The Blind & Visually Impaired Inc Madison, WI | $11,120,842 | $1,458,735 |