California Optometric Association
- Assets
- $11.0m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Sacramento, CA
- Founding
- 08/1959
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, California Optometric Association generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. 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
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 VIRTUAL, WAS HELD IN FEBRUARY AND JUNE 2021. MONTEREY SYMPOSEUM WAS HELD IN PERSON IN NOVEMBER 2021. THERE WERE SIX ONLINE TWO HOUR CONTINUING EDUCATION EVENTS HELD IN JANUARY, MARCH, MAY, AUGUST, SEPTEMBER, AND OCTOBER 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristine Shultz Executive Di | Officer | 40 | $221,125 |
Sarah Harbin Associate Ex | Officer | 40 | $198,432 |
Jodi Haas Development | 40 | $152,352 | |
Louise Mcatee Dir Of Finan | 40 | $151,029 | |
Amanda Dexter Od Faao President El | OfficerTrustee | 1 | $0 |
Ida Chung Od Mshe Fcovd Faao President | OfficerTrustee | 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 | $2,213,901 |
| Investment income | $333,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $175,335 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $425,964 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,280,771 |
| 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. | $463,168 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $557,774 |
| Pension plan accruals and contributions | $40,017 |
| Other employee benefits | $35,124 |
| Payroll taxes | $85,129 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,787 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $283,240 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,368 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $26,664 |
| Information technology | $110,468 |
| Royalties | $0 |
| Occupancy | $43,022 |
| Travel | $28,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $164,741 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,509 |
| Insurance | $51,145 |
| All other expenses | $78,491 |
| Total functional expenses | $2,424,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $376,180 |
| Savings and temporary cash investments | $1,319,504 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,730 |
| 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 | $38,761 |
| Net Land, buildings, and equipment | $138,367 |
| Investments—publicly traded securities | $8,542,892 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $490,417 |
| Total assets | $10,978,851 |
| Accounts payable and accrued expenses | $339,833 |
| Grants payable | $0 |
| Deferred revenue | $85,701 |
| 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 | $425,534 |
| Net assets without donor restrictions | $10,553,317 |
| 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 | $10,978,851 |
Endowment Analysis
| Beg. Balance | $6,805,238 |
| Earnings | $651,543 |
| Ending Balance | $7,456,871 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Doheny Eye Institute Los Angeles, CA | $229,360,664 | $66,100,953 |
Foundation For Blind Children Phoenix, AZ | $30,302,492 | $12,774,867 |
Southern Arizona Association For The Visually Impaired Tucson, AZ | $10,878,580 | $6,203,130 |
Vista Center For The Blind And Visually Impaired Palo Alto, CA | $12,198,427 | $3,251,858 |
Association Of University Professors Of Ophthalmology Inc San Francisco, CA | $10,060,251 | $4,034,996 |
California Optometric Association Sacramento, CA | $10,978,851 | $3,280,771 |
International Council Of Ophthalmology Foundation San Francisco, CA | $280,929 | $270,113 |
Society For The Blind Sacramento, CA | $6,571,988 | $3,002,333 |
Restoringvision San Francisco, CA | $3,263,281 | $2,652,811 |
Oregon Lions Sight And Hearing Foundation Inc Portland, OR | $7,389,143 | $1,778,141 |
The Armenian Eyecare Project San Dimas, CA | $4,533,308 | $2,577,746 |
Arizona Center For The Blind And Visually Impaired Phoenix, AZ | $1,661,480 | $2,113,389 |