American Board Of Opticianry
- Assets
- $4.6m
- Revenue
- $2.9m
- Investments
- $192.2k
- Employees
- 8
- Location
- Lexington, KY
- Founding
- 07/1998
- Data as of
- 06/2022
- EIN
- 52-1147697
Organization Overview
American Board Of Opticianry is located in Lexington, KY. The organization was established in 1998. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, American Board Of Opticianry employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Board Of Opticianry 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 06/2022, American Board Of Opticianry generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American Board Of Opticianry has awarded 37 individual grants totaling $2,233,352. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RECOGNIZE QUALIFIED OPHTHALMIC DISPENSERS AT VARIOUS LEVELS OF PROFICIENCY FOR CONSUMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXAMINATIONS - MAINTAIN AND ADMINISTER THE NATIONAL OPTICIANRY COMPETENCY EXAM, THE ADVANCED OPTICIANRY COMPETENCY EXAM, THE CONTACT LENS REGISTRY EXAMINATION, THE ADVANCED CONTACT LENS EXAMINATION, AND THE MASTER IN OPHTHALMIC OPTICS AND MASTER IN CONTACT LENS TECHNOLOGY PROGRAMS. ADOPT CONTINUING EDUCATION REQUIREMENTS FOR RENEWAL AND RECERTIFICATION. ONGOING RELATIONSHIPS WITH LICENSING BOARDS TO PROVIDE MINIMUM COMPETENCY FOR LICENSURE THROUGHOUT THE UNITED STATES.
RECERTIFICATION - WE PAID FOR NEW CERTIFICATES TO BE SENT OUT TO ALL RENEWALS IN ORDER TO STOP SENDING, EVERY YEAR, STICKERS TO BE AFFIXED GM THE CERTIFICATES THAT USED TO CONTAIN "EXPIRATION DATES." INSTEAD, NOW, THERE IS ONE CERTIFICATE, WITH AN UPFRONT COST TO ABO, BUT MUCH LESS EXPENSE GOING FORWARD. WE NOW ISSUE CARDS WITH EXPIRATION DATES AND CLEANED UP THE WALL CERTIFICATES. THAT MEANS THAT ALL 10,000 CURRENT CERTIFICANTS GOT NEW ENGRAVED WALL CERTIFICATES.
AWARENESS AND OUTREACH - THE AWARENESS AND OUTREACH PROGRAM INVOLVES OUR ATTENDANCE AT STATE SOCIETY CONFERENCES, CORPORATE CONFERENCES, INDUSTRY EVENTS, STATE LICENSING BOARDS, AND REGIONAL MEETINGS/CONFERENCES. WE PROVIDE FINANCIAL AND OTHER SUPPORT TO NON-PROFIT OPTICIANRY PROGRAMS IN ORDER TO PROMOTE THE NEED FOR CERTIFICATION AND CONTINUING EDUCATION IN THE FIELDS OF OPTICIANRY AND CONTACT LENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Meldrum Chair | OfficerTrustee | 8 | $0 |
Carri Rivera Chair | OfficerTrustee | 8 | $0 |
Sandy Brown Vice Chair | OfficerTrustee | 4 | $0 |
Danny Thomas Vice Chair | OfficerTrustee | 4 | $0 |
Tom Barracato Treasurer | OfficerTrustee | 4 | $0 |
Bw Phillips Treasurer | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advances Solutions International Information Technology Fees | 6/29/22 | $126,110 |
Prometric Exam Administration Services | 6/29/22 | $618,977 |
Metro Mail Services Inc Postage Services | 6/29/22 | $108,589 |
Grf Cpas And Advisors Outsourced Accounting | 6/29/22 | $107,095 |
Morris & Morris Psc Professional Management Services | 6/29/22 | $360,000 |
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 | $2,757,071 |
| Investment income | $124,961 |
| 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 | $1,398 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,892,222 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $95,206 |
| 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 | $422,186 |
| Pension plan accruals and contributions | $6,544 |
| Other employee benefits | $126,632 |
| Payroll taxes | $34,911 |
| Fees for services: Management | $462,750 |
| Fees for services: Legal | $329 |
| Fees for services: Accounting | $153,768 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,753 |
| Fees for services: Other | $2,804 |
| Advertising and promotion | $0 |
| Office expenses | $223,935 |
| Information technology | $126,054 |
| Royalties | $0 |
| Occupancy | $17,750 |
| Travel | $257,083 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $93,461 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $183,946 |
| Insurance | $860 |
| All other expenses | $39,802 |
| Total functional expenses | $2,650,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,169,592 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,421 |
| 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 | $39,039 |
| Net Land, buildings, and equipment | $447,036 |
| Investments—publicly traded securities | $2,719,159 |
| Investments—other securities | $192,221 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,616,468 |
| Accounts payable and accrued expenses | $180,516 |
| Grants payable | $0 |
| Deferred revenue | $90,923 |
| 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 | $271,439 |
| Net assets without donor restrictions | $4,345,029 |
| 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 | $4,616,468 |
Grants Awarded
Over the last fiscal year, American Board Of Opticianry has awarded $74,977 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CONTACT LENS SOCIETY OF AMERICA PURPOSE: GENERAL OPERATING SUPPORT | $31,977 |
OPTICIANS ASSOCIATION OF AMERICA PURPOSE: GENERAL OPERATING SUPPORT | $26,500 |
NATIONAL FEDERATION OF OPTICIANRY SCHOOLS PURPOSE: GENERAL OPERATING SUPPORT | $16,500 |