North Dakota Optometric Assn
- Assets
- $1.3m
- Revenue
- $265.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Bismarck, ND
- Founding
- 01/1975
- Data as of
- 12/2023
- EIN
- 45-0321677
Organization Overview
North Dakota Optometric Assn is located in Bismarck, ND. The organization was established in 1975. 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 12/2023, North Dakota Optometric Assn employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Dakota Optometric Assn 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 12/2023, North Dakota Optometric Assn generated $265.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $149.7k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NORTH DAKOTA OPTOMETRIC ASSOCIATION IS A NONPROFIT AFFILIATION OF LICENSED OPTOMETRISTS AND ASSOCIATED BUSINESSES DEDICATED TO THE PRESERVATION AND ENHANCEMENT OF THE VISION WELFARE OF THE PEOPLE OF NORTH DAKOTA. THE NORTH DAKOTA OPTOMETRIC ASSOCIATION EXISTS TO BENEFIT EVERY CITIZEN THROUGH THE DEVELOPMENT AND DELIVERY OF COST EFFECTIVE, HIGH-QUALITY, STATE OF THE ART EYE CARE EQUALLY AVAILABLE TO EVERYONE; AND TO MAINTAIN HIGH TECHNICAL AND PROFESSIONAL STANDARDS BY ALL OPTOMETRISTS IN ALL ENDEAVORS. THE NORTH DAKOTA OPTOMETRIC ASSOCIATION ACCOMPLISHES THIS BY:1.EDUCATION AND DISSEMINATION OF INFORMATION TO ITS MEMBERS AND THE GENERAL PUBLIC; 2.ORGANIZED GOVERNMENTAL ACTIVITY; 3.MEDIATION WITH CONSUMER AND PUBLIC INTEREST GROUPS; AND 4.PROVIDING COLLECTIVE EDUCATION BENEFITS TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOCTORS OF OPTOMETRY IN NORTH DAKOTA ARE REQUIRED TO ATTEND 50 HOURS OF CONTINUING EDUCATION IN A 3 YEAR CYCLE IN ORDER TO MAINTAIN THEIR LICENSE TO PRACTICE. THE EDUCATION ATTENDED MUST BE APPROVED BY THE NORTH DAKOTA STATE BOARD OF OPTOMETRY.THE ANNUAL CONGRESS HELD OCTOBER 19-OCTOBER 20, 2023 HAD 58 OPTOMETRISTS AND 37 PARAOPTOMETRIC STAFF WHO WERE REGISTERED AND ATTENDED STATE APPROVED TRAINING COURSES FOR A TOTAL OF EIGHT (8) HOURS OF CONTINUING EDUCATION.CONTINUING EDUCATION ASSURES THAT DOCTORS OF OPTOMETRY, PRACTICING IN THE STATE OF ND, ARE WELL-INFORMED IN THE LATEST PRACTICES, TECHNOLOGY, PROCEDURES, PHARMACOLOGY, MANAGEMENT MODALITIES AND DEVELOPMENTS IN EYE CARE.
DOCTORS OF OPTOMETRY IN NORTH DAKOTA ARE REQUIRED TO ATTEND CONTINUING EDUCATION IN ORDER TO MAINTAIN THEIR LICENSE TO PRACTICE. THE EDUCATION ATTENDED MUST BE APPROVED BY THE NORTH DAKOTA STATE BOARD OF OPTOMETRY.THE SPRING CONFERENCE HELD MARCH 30-MARCH 31, 2023 HAD 59 REGISTRANTS, WHO ATTENDED STATE APPROVED TRAINING COURSES FOR A TOTAL OF NINE (9) HOURS OF CONTINUING EDUCATION. CONTINUING EDUCATION ASSURES THAT DOCTORS OF OPTOMETRY, PRACTICING IN THE STATE OF ND, ARE WELL-INFORMED IN THE LATEST PRACTICES, TECHNOLOGY, PROCEDURES, PHARMACOLOGY, MANAGEMENT MODALITIES AND DEVELOPMENTS IN EYE CARE.
DOCTORS OF OPTOMETRY IN NORTH DAKOTA ARE REQUIRED TO ATTEND CONTINUING EDUCATION IN ORDER TO MAINTAIN THEIR LICENSE TO PRACTICE. THE EDUCATION ATTENDED MUST BE APPROVED BY THE NORTH DAKOTA STATE BOARD OF OPTOMETRY.A GOLF OUTING WAS HELD IN CONJUNCTION WITH CONTINUING EDUCATION ON AUGUST 5,2023. THERE WAS A TOTAL OF 25 REGISTRANTS WHO ATTENDED A STATE APPORVED TRAINING COURSE FOR A TOTAL OF TWO (2) HOURS OF CONTINUING EDUCATION.CONTINUING EDUCATION ASSURES THAT DOCTORS OF OPTOMETRY, PRACTICING IN THE STATE OF ND, ARE WELL-INFORMED IN THE LATEST PRACTICES, TECHNOLOGY, PROCEDURES, PHARMACOLOGY, MANAGEMENT MODALITIES AND DEVELOPMENTS IN EYE CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Hacker Executive Dir. | Trustee | 30 | $55,000 |
Nancy Kopp Past Exec Dir | Trustee | 20 | $7,140 |
Brittany Schauer Vice President | Officer | 1 | $0 |
Krista Heil Past President | Officer | 1 | $0 |
Leslie Hellebush Past President | Officer | 1 | $0 |
Michael Rexine President | Officer | 1 | $0 |
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 | $53,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,500 |
| Total Program Service Revenue | $178,010 |
| Investment income | $35,442 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,143 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $265,809 |
| 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. | $62,140 |
| Compensation of current officers, directors, key employees. | $37,284 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,134 |
| Pension plan accruals and contributions | $571 |
| Other employee benefits | $20 |
| Payroll taxes | $5,315 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,057 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,483 |
| Fees for services: Other | $0 |
| Advertising and promotion | $325 |
| Office expenses | $7,670 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,320 |
| Travel | $1,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,693 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48 |
| Insurance | $652 |
| All other expenses | $145 |
| Total functional expenses | $149,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,631 |
| Savings and temporary cash investments | $473,019 |
| 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 | $84 |
| Investments—publicly traded securities | $758,817 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,945 |
| Total assets | $1,258,496 |
| Accounts payable and accrued expenses | $1,094 |
| 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 | $1,094 |
| Net assets without donor restrictions | $1,257,402 |
| 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 | $1,258,496 |