Southern Council Of Optometrists
- Assets
- $3.6m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Atlanta, GA
- Founding
- 06/1964
- Data as of
- 07/2021
- EIN
- 58-0867559
Organization Overview
Southern Council Of Optometrists is located in Atlanta, GA. The organization was established in 1964. 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 07/2021, Southern Council Of Optometrists employed 6 individuals. This organization is the central organization for a national or regional group of organizations. Southern Council Of Optometrists 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 07/2021, Southern Council Of Optometrists generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $2.7m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) 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
TO ADVANCE EYE CARE WORLD-WIDE THROUGH EDUCATION, PROFESSIONAL NETWORKING, AND STRATEGIC PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECO INTERNATIONAL - AN ANNUAL CONFERENCE AND TRADE SHOW DEDICATED TO PROVIDING CONTINUING EDUCATION FOR OPTOMETRISTS AND ALLIED OPHTHALMIC PROFESSIONALS.
WEBSITE PROVIDES ACCESS TO CONTINUING EDUCATION FOR OPTOMETRISTS, ALLIED OPHTHALMIC PROFESSIONALS ALONG WITH MULTI-MEDIA POSTERS.
OUTREACH - THROUGH A PARTNERSHIP SECO IS ASSISTING INTERNATIONAL OPTOMETRY ASSOCIATIONS IN THE PRODUCTION OF CONTINUING EDUCATION PROGRAMS TO MEET THE PROFESSIONAL DEVELOPMENT OF OPTOMETRISTS AND ALLIED OPHTHALMIC PROFESSIONALS.
THE STUDENT ADVISORY COMMITTEE - PROVIDES FEEDBACK FOR THE OVERALL STUDENT PROGRAM FOR THE SECO CONGRESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Taylor Executive Director | Officer | 50 | $171,961 |
Lani Garner Senior Director Of Industry Programs | 40 | $112,585 | |
Selina Mcgee Od Trustee | Trustee | 1 | $2,600 |
Max Ernst Od Immediate Past President | OfficerTrustee | 3 | $1,500 |
Max Raynor Od President | OfficerTrustee | 5 | $1,000 |
Richard Durocher Od President Elect | OfficerTrustee | 5 | $1,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dr Walter Mayo Technology Consulting | 7/30/21 | $194,644 |
Maples Growth Strategies Sales & Marketing Consulting | 7/30/21 | $137,438 |
Renae Shepherd Education & Industry Relations Consultin | 7/30/21 | $114,850 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,238 |
| Investment income | $24,737 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,915 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,344,047 |
| Statement of Expenses | |
|---|---|
| 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. | $293,945 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,471 |
| Pension plan accruals and contributions | $8,520 |
| Other employee benefits | $31,975 |
| Payroll taxes | $26,965 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,415 |
| Fees for services: Other | $343,053 |
| Advertising and promotion | $0 |
| Office expenses | $75,344 |
| Information technology | $45,212 |
| Royalties | $0 |
| Occupancy | $28,264 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,643,261 |
| Interest | $29,628 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,784 |
| Insurance | $20,397 |
| All other expenses | $0 |
| Total functional expenses | $2,699,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $792,325 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,059,930 |
| 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 | $54,510 |
| Investments—publicly traded securities | $1,387,594 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,597,843 |
| Accounts payable and accrued expenses | $73,170 |
| Grants payable | $0 |
| Deferred revenue | $1,210,580 |
| 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 | $703,086 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,986,836 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,611,007 |
Grants Awarded
Over the last fiscal year, Southern Council Of Optometrists has awarded $15,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Memphis, TN PURPOSE: SEE SCHEDULE I, PART IV | $5,000 |
Fort Lauderdale, FL PURPOSE: SEE SCHEDULE I, PART IV | $5,000 |
UAB SCHOOL OF OPTOMETRY PURPOSE: SEE SCHEDULE I, PART IV | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Wlrn Inc Miami, FL | $36,063,616 | $13,544,758 |
Georgia Cooperative Services For The Blind Inc Snellville, GA | $28,494,094 | $9,142,044 |
Georgia Eye Bank Inc Atlanta, GA | $18,619,601 | $6,754,621 |
Metrolina Association For The Blind Inc Charlotte, NC | $1,978,768 | $3,646,463 |
Meyer Center For Special Children Greenville, SC | $6,846,840 | $4,538,685 |
Tampa Lighthouse For The Blind Inc Tampa, FL | $7,196,265 | $3,320,229 |
Lighthouse Of Broward County Inc Fort Lauderdale, FL | $8,183,594 | $3,362,411 |
Southern Council Of Optometrists Atlanta, GA | $3,597,843 | $3,344,047 |
Downtown Visions Inc Jacksonville, FL | $2,015,656 | $3,070,632 |
Lions Volunteer Blind Industries Inc Morristown, TN | $6,170,102 | $1,326,528 |
Center For The Visually Impaired Inc Daytona Beach, FL | $2,727,294 | $3,581,895 |
International Retinal Research Foundation Inc Birmingham, AL | $29,800,407 | $2,481,760 |