California Optometric Association
- Assets
- $11.1m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Sacramento, CA
- Founding
- 08/1959
- Data as of
- 12/2022
- EIN
- 94-1017064
Organization Overview
California Optometric Association is located in Sacramento, CA. The organization was established in 1959. 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 12/2022, California Optometric Association employed 7 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. California 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 12/2022, California Optometric Association generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. 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
THE MISSION OF THE CALIFORNIA OPTOMETRIC ASSOCIATION IS TO SUPPORT AND ADVANCE THE PROFESSION OF OPTOMETRY TO ASSURE QUALITY HEALTH CARE FOR ALL CALIFORNIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CALIFORNIA OPTOMETRIC ASSOCIATION HELD MULTIPLE EXTENSIVE CONTINUING EDUCATION OPPORTUNITIES AND TRADE SHOWS FOR OPTOMETRISTS FOR RE-LICENSURE AND PROFESSIONAL DEVELOPMENT. OPTOWEST HELD THREE ONE DAY EVENTS: AN ONLNE VIRTUAL EVENT IN MARCH 2022 AND TWO IN PERSON EVENTS IN APRIL & MAY 2022. MONTEREY SYMPOSIUM WAS HELD IN PERSON IN NOVEMBER 2022. THERE WERE SIX ONLINE TWO HOUR CONTINUING EDUCATION EVENTS HELD IN JANUARY, MARCH, MAY, JULY, SEPTEMBER, AND OCTOBER 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristine Shultz Executive Di | Officer | 40 | $244,778 |
Sarah Harbin Associate Ex | Officer | 40 | $225,993 |
Jodi Haas Development | 40 | $185,779 | |
Amanda Dexter Od Faao President | OfficerTrustee | 1 | $0 |
Ida Chung Od Mshe Fcovd Faao Past Preside | OfficerTrustee | 1 | $0 |
Richard Hom Od Mpa Faao Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aaron Read And Associates Lobbying | 12/30/14 | $116,693 |
Marketplace Communications Public Relations | 12/30/14 | $572,158 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,387,119 |
| Investment income | $341,147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $145,412 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,321,098 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,432,915 |
| 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. | $518,609 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $495,917 |
| Pension plan accruals and contributions | $62,264 |
| Other employee benefits | $53,809 |
| Payroll taxes | $68,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,138 |
| Fees for services: Accounting | $21,500 |
| Fees for services: Lobbying | $341,315 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,139 |
| Fees for services: Other | $52,587 |
| Advertising and promotion | $0 |
| Office expenses | $23,112 |
| Information technology | $115,301 |
| Royalties | $0 |
| Occupancy | $58,391 |
| Travel | $102,387 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $186,702 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,478 |
| Insurance | $64,448 |
| All other expenses | $132,344 |
| Total functional expenses | $2,821,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $363,010 |
| Savings and temporary cash investments | $1,156,953 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $153,066 |
| 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 | $30,441 |
| Net Land, buildings, and equipment | $54,065 |
| Investments—publicly traded securities | $9,372,717 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,073 |
| Total assets | $11,132,325 |
| Accounts payable and accrued expenses | $314,347 |
| Grants payable | $0 |
| Deferred revenue | $82,166 |
| 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 | $396,513 |
| Net assets without donor restrictions | $10,735,812 |
| 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 | $11,132,325 |