American Academy Of Optometry Foundation Inc
- Assets
- $9.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 11/1961
- Data as of
- 06/2021
- EIN
- 43-0768182
Organization Overview
American Academy Of Optometry Foundation Inc, operating under the name Fka American Optometric Foundation Inc, is located in Orlando, FL. The organization was established in 1961. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fka American Optometric Foundation Inc 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 06/2021, Fka American Optometric Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $880.6k during the year ending 06/2021. While expenses have increased by 0.4% per year over the past 6 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, Fka American Optometric Foundation Inc has awarded 157 individual grants totaling $1,763,250. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP & PROVIDE FINANCIAL SUPPORT FOR OPTOMETRIC RESEARCH & EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROMOTES THE ADVANCEMENT OF VISION SCIENCE BY PROVIDING FELLOWSHIPS, SCHOLARSHIPS, AND RESEARCH GRANTS TO OUTSTANDING GRADUATE STUDENTS OF OPTOMETRY AND VISION SCIENCE, AND THROUGH PUBLICATIONS, THE ACADEMY NEWSLETTER AND WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Pete Kollbaum Immediate Past-President | OfficerTrustee | 0 | $0 |
Dr Wendy Harrison President | OfficerTrustee | 10 | $0 |
Dr Stacey Coulter President-Elect | OfficerTrustee | 0 | $0 |
Dr Valerie Sharpe Secretary-Treasurer | OfficerTrustee | 0 | $0 |
Peter Scott Executive Director | Officer | 10 | $0 |
Richard Jones CPA Chief Financial Officer | Officer | 13 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $66,098 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $954,939 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,021,037 |
| Total Program Service Revenue | $0 |
| Investment income | $265,464 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $233,448 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,519,949 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $318,500 |
| Grants and other assistance to domestic individuals. | $97,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $71,750 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $191,449 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,926 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,780 |
| Fees for services: Other | $12,588 |
| Advertising and promotion | $0 |
| Office expenses | $45,696 |
| Information technology | $46,637 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,775 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,018 |
| Insurance | $0 |
| All other expenses | $2,895 |
| Total functional expenses | $880,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500,483 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $735,494 |
| 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 | $4,125 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,137,174 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,518 |
| Total assets | $9,392,794 |
| Accounts payable and accrued expenses | $47,895 |
| Grants payable | $3,750 |
| 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 | $112,914 |
| Total liabilities | $164,559 |
| Net assets without donor restrictions | $2,757,623 |
| Net assets with donor restrictions | $6,470,612 |
| 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 | $9,392,794 |
Grants Awarded
Over the last fiscal year, American Academy Of Optometry Foundation Inc has awarded $318,500 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
Columbus, OH PURPOSE: RESEARCH GRANT | $68,000 |
UNIVERSITY OF CALIFORNIA - BERKELY SCHOOL OF OPTOMETRY PURPOSE: RESEARCH GRANT | $68,000 |
Downers Grove, IL PURPOSE: SCHOLARSHIP | $17,500 |
UNIVERSITY OF HOUSTON COLLEGE OF OPTOMETRY PURPOSE: SCHOLARSHIP | $16,500 |
Boston, MA PURPOSE: SCHOLARSHIP | $11,000 |
Fullerton, CA PURPOSE: SCHOLARSHIP | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that American Academy Of Optometry Foundation Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Abbvie Foundation North Chicago, IL PURPOSE: GENERAL MISSION SUPPORT | $75,000 |
Alcon Foundation Fort Worth, TX PURPOSE: EYE CARE | $25,000 |
Endowment Analysis
| Beg. Balance | $565,460 |
| Earnings | $57,207 |
| Grants | $12,750 |
| Ending Balance | $609,917 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Wlrn Inc Miami, FL | $36,063,616 | $13,544,758 |
Georgia Cooperative Services For The Blind Inc Snellville, GA | $28,494,094 | $9,142,044 |
Georgia Eye Bank Inc Atlanta, GA | $18,619,601 | $6,754,621 |
Tampa Lighthouse For The Blind Inc Tampa, FL | $7,196,265 | $3,320,229 |
Lighthouse Of Broward County Inc Fort Lauderdale, FL | $8,183,594 | $3,362,411 |
Southern Council Of Optometrists Atlanta, GA | $3,597,843 | $3,344,047 |
Downtown Visions Inc Jacksonville, FL | $2,015,656 | $3,070,632 |
Center For The Visually Impaired Inc Daytona Beach, FL | $2,727,294 | $3,581,895 |
International Retinal Research Foundation Inc Birmingham, AL | $29,800,407 | $2,481,760 |
Florida Lions Conklin Centers For The Blind Inc Daytona Beach, FL | $2,435,068 | $1,186,911 |
Center For The Visually Impaired Foundation Inc Atlanta, GA | $3,998,793 | $1,342,725 |
Mana-Sota Lighthouse For The Blind Inc Sarasota, FL | $5,251,623 | $2,008,087 |