National Association Of Optometrists & Opticians Inc
- Assets
- $18.8k
- Revenue
- $237.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 03/1984
- Data as of
- 12/2021
- EIN
- 51-0235104
Organization Overview
National Association Of Optometrists & Opticians Inc is located in Cincinnati, OH. The organization was established in 1984. 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. National Association Of Optometrists & Opticians 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 12/2021, National Association Of Optometrists & Opticians Inc generated $237.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $290.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONDUCT PUBLIC AFFAIRS PROGRAMS OF MUTUAL IMPORTANCE TO MEMBER; ACTS AS A CLEARING HOUSE FOR INFO. AFFECTING THE RETAIL OPTICAL INDUSTRY INCLUDING PRODUCT LAWS & REGULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONSULTING FEES ARE RELATED TO THE COSTS FOR RETAINING LEGISLATIVE AND REGULATORY MONITORING SERVICES IN SEVERAL STATE JURISDICTIONS. THE MEMBERS OF THE NATIONAL ASSOCIATION OF OPTOMETRISTS & OPTICIANS, INC. ARE SUBJECTED TO SIGNIFICANT NUMBERS OF PROPOSED BILLS AND REGULATIONS WHICH IF ENACTED CAN ADVERSELY IMPACT THE BUSINESS OPERATION OF THE NATIONAL ASSOCIATION OF OPTOMETRISTS & OPTICIANS, INC.
LEGAL FEES TO SEVERAL LAW FIRMS THAT ARE REPRESENTING THE NATIONAL ASSOCIATION OF OPTOMETRISTS & OPTICIANS, INC. IN LEGAL CHALLENGES OPPOSING ANTI-COMPETITIVE REGULATIONS AND REGULATORY MATTERS.
INDIRECT LOBBYING FEES TO HOLLOWAY GROUP THAT ARE REPRESENTING THE NATIONAL ASSOCIATION OF OPTOMETRISTS AND OPTICIANS, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Derenzo Director/president | OfficerTrustee | 0 | $0 |
Joseph B Neville Secretary/treasurer | Officer | 0 | $0 |
Alex Wilkes Director | Trustee | 0 | $0 |
Mike Mott Director | Trustee | 0 | $0 |
Wally Lovejoy Director | Trustee | 0 | $0 |
Patrick Phelan Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $237,400 |
| 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 | $237,400 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $237,400 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,237 |
| Fees for services: Accounting | $2,350 |
| Fees for services: Lobbying | $45,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $290,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,842 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,842 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $18,842 |
| 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 | $18,842 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania Association For The Blind Harrisburg, PA | $4,901,702 | $4,901,914 |
Lions Eye Bank Of Delaware Valley Philadelphia, PA | $14,412,620 | $4,863,038 |
Kleb Inc Louisville, KY | $1,708,878 | $3,338,144 |
League For The Blind And Disabled Inc Fort Wayne, IN | $13,675,160 | $2,904,502 |
Penrickton Center For Blind Children Taylor, MI | $14,000,121 | $4,048,500 |
Central Ohio Lions Eye Bank Inc Columbus, OH | $2,261,506 | $2,054,180 |
National Society To Prevent Blindness Columbus, OH | $4,716,429 | $2,037,831 |
Vision Resources Of Central Pennsylvania Harrisburg, PA | $8,007,623 | $1,994,973 |
Indiana Optometric Association Inc Carmel, IN | $2,332,452 | $1,838,824 |
Kentucky Optometric Association Frankfort, KY | $1,137,225 | $1,149,939 |
Beaver County Assn For The Blind Beaver Falls, PA | $741,634 | $1,219,990 |
Toledo Society For The Blind Inc Toledo, OH | $5,892,217 | $2,083,619 |