Maryland Optometric Association Inc
- Assets
- $999.0k
- Revenue
- $410.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Stevenson, MD
- Founding
- 02/1969
- Data as of
- 12/2023
- EIN
- 52-0822684
Organization Overview
Maryland Optometric Association Inc is located in Stevenson, MD. The organization was established in 1969. 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, Maryland Optometric Association Inc employed 3 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Maryland 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 12/2023, Maryland Optometric Association Inc generated $410.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $354.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION & FORUM FOR PROFESSIONAL DEVELOPMENT OF THE OPTOMETRIC PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION CONVENTION EXPENSE & AOA (NATIONAL) DUES EXPENSEPRIMARILY USER FEES, SPEAKER FEES, & SET UP COSTS TOPROVIDE A FORUM FOR MEMBERSHIP & OTHER GROUPS ON UPDATEDTRENDS & TECHNIQUES IN THE PROFESSION. THIS IS INACCORDANCE WITH THEIR EXEMPT PURPOSE.SEE PART IX FOR DETAILS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Cohen Executive Director | Officer | 40 | $108,512 |
Vicky Wong Od President | Officer | 2 | $0 |
Natalie Sukontasup Od President - Elect | Officer | 2 | $0 |
Heather Atcherson Od 1st Vice President | Officer | 2 | $0 |
Saadia Tariq Od Secretary/treasurer | Officer | 2 | $0 |
Katharine Funari Od 2nd Vice President | Officer | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $396,416 |
| Investment income | $14,291 |
| 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 | $410,707 |
| 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 | $178,112 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,735 |
| Payroll taxes | $14,206 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $45,800 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,942 |
| Advertising and promotion | $228 |
| Office expenses | $33,900 |
| Information technology | $3,778 |
| Royalties | $0 |
| Occupancy | $7,587 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,023 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,844 |
| All other expenses | $0 |
| Total functional expenses | $354,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,086 |
| Savings and temporary cash investments | $944,941 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8 |
| 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 | $999,035 |
| 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 | $41,823 |
| Total liabilities | $41,823 |
| Net assets without donor restrictions | $812,212 |
| Net assets with donor restrictions | $145,000 |
| 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 | $999,035 |