American Optometric Association Inc
- Assets
- $41.6m
- Revenue
- $28.0m
- Investments
- $0.0
- Employees
- 84
- Location
- St Louis, MO
- Founding
- 03/1936
- Data as of
- 12/2022
- EIN
- 43-0684708
Organization Overview
American Optometric Association Inc is located in St Louis, MO. The organization was established in 1936. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2022, American Optometric Association Inc employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American 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, American Optometric Association Inc generated $28.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $26.8m during the year ending 12/2022. While expenses have increased by 2.1% 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
THE AOA MISSION IS TO ADVOCATE FOR THE PROFESSION AND SERVE DOCTORS OF OPTOMETRY IN MEETING THE HEALTH AND VISION CARE NEEDS OF THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY WORKS TO PROTECT AND ENHANCE HEALTH CARE AND PUBLIC POLICY RELATING TO EYE CARE AND TO ENSURE FULL PUBLIC ACCESS TO THE ENTIRE SCOPE OF OPTOMETRIC CARE.
COMMUNICATIONS MANAGES THE PUBLIC AFFAIRS CAMPAIGN FOR OPTOMETRIC AWARENESS ISSUES AND MANAGES/RELEASES INFORMATION ON ISSUES AFFECTING THE PROFESSION OF OPTOMETRY.
EDUCATION OFFERS PROFESSIONAL DEVELOPMENT AND CONTINUING EDUCATION RESOURCES TO DOCTORS, PARAOPTOMETRICS AND STUDENTS THROUGH ONGOING LEARNING EXPERIENCES THAT SUPPORT THE PRACTICE OF CONTEMPORARY OPTOMETRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan F Hymes Executive Director | Officer | 40 | $471,283 |
Daniel Carey Chief Advocacy Officer, State | 40 | $251,909 | |
Kara Webb Chief Strategy Officer | Officer | 40 | $244,477 |
Matthew Willette Chief Advocacy Officer, Fed | 40 | $243,191 | |
Ryan P Hayes Chief Fin/tech Officer | Officer | 40 | $250,534 |
Deirdre Middleton Chief Communications Officer | Officer | 40 | $241,544 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freeman Expositions Llc Exhibit Hall Service | 12/30/22 | $447,688 |
Freeman Audio Visual Llc Audio Visual Service | 12/30/22 | $706,793 |
Imagination Publishing Llc Publishing | 12/30/22 | $437,069 |
Edelman Consultant | 12/30/22 | $2,724,995 |
Narrative Strategies Llc Consultant | 12/30/22 | $235,500 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $25,440,666 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $57,041 |
| Net Rental Income | -$110,053 |
| Net Gain/Loss on Asset Sales | $2,113,178 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $148,434 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,035,373 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $545,303 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $367,985 |
| Compensation of current officers, directors, key employees. | $2,201,205 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,127,492 |
| Pension plan accruals and contributions | $331,352 |
| Other employee benefits | $784,630 |
| Payroll taxes | $527,980 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $84,101 |
| Fees for services: Accounting | $79,856 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,564 |
| Fees for services: Other | $6,291,062 |
| Advertising and promotion | $114,572 |
| Office expenses | $649,775 |
| Information technology | $696,066 |
| Royalties | $0 |
| Occupancy | $512,615 |
| Travel | $1,853,431 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,858,520 |
| Interest | $201,877 |
| Payments to affiliates | $303,445 |
| Depreciation, depletion, and amortization | $654,563 |
| Insurance | $151,694 |
| All other expenses | $0 |
| Total functional expenses | $26,793,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,189,641 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,520,436 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,460 |
| Prepaid expenses and deferred charges | $820,416 |
| Net Land, buildings, and equipment | $7,777,210 |
| Investments—publicly traded securities | $22,958,229 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,289,930 |
| Total assets | $41,591,322 |
| Accounts payable and accrued expenses | $1,972,320 |
| Grants payable | $0 |
| Deferred revenue | $1,994,647 |
| 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 | $4,776,179 |
| Unsecured mortgages and notes payable | $1,000,000 |
| Other liabilities | $8,407,581 |
| Total liabilities | $18,150,727 |
| Net assets without donor restrictions | $23,440,595 |
| 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 | $41,591,322 |
Grants Awarded
Over the last fiscal year, American Optometric Association Inc has awarded $543,053 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
OPTOMETRY CARES THE AOA FOUNDATION PURPOSE: CHARITY | $200,000 |
VIRGINA OPTOMETRIC ASSOCIATION PURPOSE: ADVOCACY | $75,000 |
AMVETS NATIONAL SERVICE FOUNDATION PURPOSE: SPONSORSHIP | $55,000 |
HILLVETS FOUNDATION PURPOSE: SPONSORSHIP | $10,000 |
COLORADO OPTOMETRIC ASSOCIATION PURPOSE: ADVOCACY | $74,200 |
CALIFORNIA OPTOMETRIC ASSOCIATION PURPOSE: ADVOCACY | $98,853 |