Arizona Optometric Charitable Foundation Inc
- Assets
- $1.2m
- Revenue
- $148.6k
- Investments
- $1.1m
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 02/1997
- Data as of
- 12/2021
- EIN
- 86-0839382
Organization Overview
Arizona Optometric Charitable Foundation Inc is located in Scottsdale, AZ. The organization was established in 1997. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona Optometric Charitable Foundation Inc 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 12/2021, Arizona Optometric Charitable Foundation Inc generated $148.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $22.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Aleta Gong President | 1 | $0 | |
Dr Stacey Meier Director | 1 | $0 | |
Dr Jan Mcvey Secretary | 1 | $0 | |
Dr Chris Parot Director | 1 | $0 | |
Dr Beth Pyle-Smith Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,780 |
| Interest on Savings | $0 |
| Dividends & Interest | $129,938 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,860 |
| Capital Gain Net Income | $5,860 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $148,578 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,888 |
| Depreciation | $0 |
| Occupancy | $3,722 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $57 |
| Other expenses | $4,578 |
| Total operating and administrative expenses | $12,878 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $22,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,898 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $669 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,146,969 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $1,177,537 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,888 |
| Total liabilities | $1,888 |
Grants Awarded
Over the last fiscal year, Arizona Optometric Charitable Foundation Inc has awarded $24,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MIDWESTERN UNIVERSITY EYE INSTITUTE PURPOSE: TO HELP NON-INSURED INDIGENT FAMILIES, ESPECIALLY SINGLE HOMELESS MOTHERS, RECEIVE CHARITABLE EYE CARE. | $20,000 |
EYE CARE 4 KIDS PURPOSE: INDIGENT FAMILIES W/O INS | $4,000 |