Oklahoma Optometric Association
- Assets
- $1.8m
- Revenue
- $803.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Oklahoma City, OK
- Founding
- 04/1989
- Data as of
- 06/2022
- EIN
- 73-0641734
Organization Overview
Oklahoma Optometric Association is located in Oklahoma City, OK. The organization was established in 1989. 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 06/2022, Oklahoma Optometric Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Optometric Association 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, Oklahoma Optometric Association generated $803.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $734.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
STATE ASSOC. OF OPTOMETRISTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATEWIDE ASSOCIATION FOR INDIVIDUALS IN THE OPTOMETRIC PROFESSION. 685 MEMBERS.
ENCOURAGE, PROMOTE, AND MAINTAIN A HIGH STANDARD OF EDUCATION IN THE SCIENCE AND PROFESSION OF OPTOMETRY. TO STUDY AND KEEP ABREAST OF THE LATEST SCIENTIFIC ADVANCES AND PRACTICES.
TO PROMOTE PUBLIC AWARENESS OF THE OPTOMETRIC PROFESSION AND SERVICES PROVIDED BY MEMBERS. FOSTER FRIENDLY RELATIONSHIPS AND COOPERATION WITHIN THE PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Randi Day Past Preside | Officer | 1 | $0 |
Dr Jeff Edwards Vice Preside | Officer | 1 | $0 |
Dr Dawn Holsted Treasurer | Officer | 1 | $0 |
Dr Chris Swanson President | Officer | 1 | $0 |
Dr Kyle Tate President El | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $604 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,700 |
| 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 | $803,307 |
| 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. | $105,268 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $150,436 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $69,248 |
| Payroll taxes | $27,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,557 |
| Fees for services: Accounting | $17,672 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,955 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,780 |
| Travel | $9,743 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,046 |
| All other expenses | $0 |
| Total functional expenses | $734,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,094 |
| Savings and temporary cash investments | $509,608 |
| 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 |
| Investments—publicly traded securities | $102,294 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,745 |
| Total assets | $1,811,106 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $37,489 |
| 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 | $14,921 |
| Total liabilities | $52,410 |
| 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 | $1,758,696 |