Virginia Optometric Association Inc
- Assets
- $2.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Henrico, VA
- Founding
- 12/1948
- Data as of
- 12/2021
- EIN
- 54-0509466
Organization Overview
Virginia Optometric Association Inc is located in Henrico, VA. The organization was established in 1948. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia 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 12/2021, Virginia Optometric Association Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE VISION CARE AND HEALTH OF THE PUBLIC AND TO PROMOTE THE ART AND SCIENCE OF THE PROFESSION OF OPTOMETRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE THE VISION CARE AND HEALTH OF THE PUBLIC AND TO PROMOTE THE ART AND SCIENCE OF THE PROFESSION OF OPTOMETRY. THE ASSOCIATION HAS 725 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Umlandt Od President-Elect | OfficerTrustee | 11 | $0 |
Gene Sweetnam Od Vice President | OfficerTrustee | 7 | $0 |
Lisa Gontarek Od President | OfficerTrustee | 15 | $0 |
Scott Mann Od Secretary/treasurer | OfficerTrustee | 5 | $0 |
B Bennett Keeney Jr Executive Director | Officer | 40 | $0 |
Jenny N Alsop Od Immediate Past President | Trustee | 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 | $125,634 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,634 |
| Total Program Service Revenue | $1,239,649 |
| Investment income | $61,875 |
| 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 | $1,430,844 |
| 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 | $276,025 |
| Fees for services: Legal | $35,934 |
| Fees for services: Accounting | $3,600 |
| Fees for services: Lobbying | $50,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $51,647 |
| Office expenses | $32,863 |
| Information technology | $4,701 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $46,920 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $260,652 |
| Interest | $0 |
| Payments to affiliates | $423,634 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,977 |
| All other expenses | $6,384 |
| Total functional expenses | $1,271,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,675,209 |
| Savings and temporary cash investments | $596,490 |
| 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 | $2,271,699 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $37,703 |
| Paid-in or capital surplus, or land, building, or equipment fund | $392,440 |
| Retained earnings, endowment, accumulated income, or other funds | $1,841,556 |
| Total liabilities and net assets/fund balances | $2,271,699 |
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