Optical Society Of America Inc
- Assets
- $133.4m
- Revenue
- $44.3m
- Investments
- $0.0
- Employees
- 193
- Location
- Washington, DC
- Founding
- 08/1956
- Data as of
- 12/2022
- EIN
- 53-0259696
Organization Overview
Optical Society Of America Inc, operating under the name Optica, is located in Washington, DC. The organization was established in 1956. According to its NTEE Classification (G03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, Optica employed 193 individuals. This organization is the central organization for a national or regional group of organizations. Optica 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 12/2022, Optica generated $44.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $48.4m during the year ending 12/2022. While expenses have increased by 3.5% per year over the past 8 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 2014, Optica has awarded 19 individual grants totaling $8,920,284. 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
TO PROMOTE THE GENERATION, APPLICATION, AND ARCHIVING OF KNOWLEDGE OF OPTICS AND PHOTONICS AND TO DISSEMINATE THE KNOWLEDGE WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICAL PRODUCTION AND DISSEMINATION OF SCIENTIFIC CONTENT RELATED TO OPTICS.
MEMBER AND OUTREACH SERVICES FOR THOSE INTERESTED IN THE FIELD OF OPTICS.
CONTRIBUTIONS TO OPTICA FOUNDATION WHICH IS DEDICATED TO SUPPORTING THE PHILANTHROPIC WORK OF OPTICA IN PROMOTING THE GENERATION, APPLICATION, ARCHIVING AND WORLDWIDE DISSEMINATION OF KNOWLEDGE IN OPTICS AND PHOTONICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth A Rogan CEO | Officer | 37.5 | $655,746 |
P Scott Carney Chief Science And Technology Officer | 37.5 | $334,371 | |
Sean Bagshaw Coo/cio | Officer | 37.5 | $448,348 |
Elizabeth Nolan Deputy Exec Dir/chief Publishing Officer | 37.5 | $422,260 | |
Chad Stark Executive Director | 14 | $345,634 | |
Genaro Montanez Chief Employment & Membership Engag. Off. | 37.5 | $276,108 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
T3 Expo Llc Conference Services | 12/30/22 | $712,267 |
Team San Jose Conference Services | 12/30/22 | $558,051 |
Ccr Solutions Inc Audiovisual Services | 12/30/22 | $520,430 |
Vertex Communications Marketing Services | 12/30/22 | $453,598 |
Hargrove Inc Conference Services | 12/30/22 | $489,379 |
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 | $821,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $821,960 |
| Total Program Service Revenue | $40,675,663 |
| Investment income | $3,072,736 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $119,291 |
| Net Rental Income | $81,159 |
| Net Gain/Loss on Asset Sales | -$473,390 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,297,419 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,063,552 |
| Grants and other assistance to domestic individuals. | $65,149 |
| Grants and other assistance to Foreign Orgs/Individuals | $481,426 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,536,347 |
| Compensation of current officers, directors, key employees. | $220,133 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,104,400 |
| Pension plan accruals and contributions | $1,528,983 |
| Other employee benefits | $1,133,207 |
| Payroll taxes | $1,413,007 |
| Fees for services: Management | $1,420,684 |
| Fees for services: Legal | $266,886 |
| Fees for services: Accounting | $98,206 |
| Fees for services: Lobbying | $121,903 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $300,362 |
| Fees for services: Other | $0 |
| Advertising and promotion | $758,693 |
| Office expenses | $903,925 |
| Information technology | $949,373 |
| Royalties | $0 |
| Occupancy | $1,406,338 |
| Travel | $1,334,055 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,757,955 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,215,863 |
| Insurance | $118,506 |
| All other expenses | $0 |
| Total functional expenses | $48,350,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,152,155 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,083,011 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,946 |
| Prepaid expenses and deferred charges | $1,788,502 |
| Net Land, buildings, and equipment | $12,366,721 |
| Investments—publicly traded securities | $111,573,986 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,387,181 |
| Total assets | $133,390,502 |
| Accounts payable and accrued expenses | $5,423,813 |
| Grants payable | $0 |
| Deferred revenue | $17,045,871 |
| 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 | $4,381,983 |
| Total liabilities | $26,851,667 |
| Net assets without donor restrictions | $106,538,835 |
| 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 | $133,390,502 |
Grants Awarded
Over the last fiscal year, Optical Society Of America Inc has awarded $3,020,132 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OPTICA FOUNDATION PURPOSE: Matching funds | $3,000,132 |
SPIE PURPOSE: Conference Support | $20,000 |