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Nonprofiteer
← GP LENS INSTITUTE

Form 990 for tax year 2023

Filed by GP LENS INSTITUTE.

Totals

Total revenue
$454,646
Total expenses
$355,073
Contributions and grants received
$424,067
Grants paid
$0
Program service revenue
$28,925
Investment income
$1,654
Other revenue
$0
Total assets, end of year
$367,137
Total liabilities, end of year
$11,422
Net assets or fund balances, end of year
$355,715
Program services expenses (Part IX)
$330,117
Management and general expenses
$24,956
Fundraising expenses
$0
Program service expenses (Part III)
$330,117

Program services were 93.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $240,000

  • 1f · All other contributions, gifts and grants

    $184,067

  • 2a · Program service revenue: ECP DUES

    total $18,318 · related or exempt $18,318

  • 2b · Program service revenue: SYMPOSIUM

    total $6,000 · related or exempt $6,000

  • 2c · Program service revenue: RESIDENT DUES

    total $2,774 · related or exempt $2,774

  • 2d · Program service revenue: WEBINAR

    total $1,156 · related or exempt $1,156

  • 2e · Program service revenue: FULFILLMENT ORDERS

    total $677 · related or exempt $677

  • 3 · Investment income

    total $1,654 · related or exempt $1,654

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $95,832 · program services $81,457 · management and general $14,375

  • 10 · Payroll taxes

    total $2,752 · program services $2,339 · management and general $413

  • 11c · Fees: accounting

    total $4,800 · management and general $4,800

  • 13 · Office expenses

    total $12,519 · program services $10,641 · management and general $1,878

  • 22 · Depreciation, depletion and amortization

    total $416 · management and general $416

  • 24a · Other expenses: ACADEMIC

    total $193,260 · program services $193,260

  • 24b · Other expenses: SCHOOL PROGRAMS

    total $37,492 · program services $37,492

  • 24c · Other expenses: PROFESSIONAL RELATIONS

    total $4,773 · program services $4,773

  • 24d · Other expenses: BANK FEES

    total $2,218 · management and general $2,218

  • 24e · All other expenses

    total $1,011 · program services $155 · management and general $856

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $173,185 · end of year $258,107

  • 3 · Pledges and grants receivable

    beginning of year $71,175 · end of year $47,681

  • 4 · Accounts receivable

    beginning of year $21,000 · end of year $20,682

  • 9 · Prepaid expenses and deferred charges

    beginning of year $42,409 · end of year $39,473

  • 10a · Land, buildings and equipment: cost or other basis

    $2,077

  • 10b · Land, buildings and equipment: accumulated depreciation

    $883

  • 10c · Land, buildings and equipment, net

    beginning of year $1,610 · end of year $1,194

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,212 · end of year $6,422

  • 19 · Deferred revenue

    beginning of year $51,025 · end of year $5,000

  • 27 · Net assets without donor restrictions

    beginning of year $256,142 · end of year $355,715

Mission and programs · 2023

Mission

TO PROVIDE EYE CARE PRACTITIONERS WITH EDUCATIONAL RESOURCES TO ENABLE THEM TO FULLY UTILIZE THE MANY PATIENT ADVANTAGES OF GP (OXYGEN PERMEABLE) AND CUSTOM HYDROPHILIC (SOFT) CONTACT LENSES. TO PROVIDE PUBLIC INFORMATION MATERIALS DESCRIBING THE BENEFITS AND CAPABILITIES OF SUCH LENSES.

  • TO SPONSOR EDUCATIONAL SYMPOSIUMS AND WORKSHOPS AS A RESOURCE FOR CUSTOM MANUFACTURED CONTACT LENSES.

    Expenses $330,117 · Revenue $454,646

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Edward Bennett

    PRESIDENT

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    17.5
  • Josh Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Kurtis Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Rob Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5
  • George Mera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Daren Nygren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Chris Pantle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jan Svochak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Sara Yost

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • John Hibbs

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    2
  • Derrell James

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202443209349323429

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