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Nonprofiteer
← OPTICAL SOCIETY OF AMERICA INC

Form 990 for tax year 2023

Filed by OPTICAL SOCIETY OF AMERICA INC.

Totals

Total revenue
$68,210,817
Total expenses
$51,557,426
Contributions and grants received
$756,516
Grants paid
$3,684,605
Program service revenue
$41,608,865
Investment income
$25,303,167
Other revenue
$542,269
Total assets, end of year
$144,950,478
Total liabilities, end of year
$29,917,361
Net assets or fund balances, end of year
$115,033,117
Program services expenses (Part IX)
$41,850,526
Management and general expenses
$9,706,900
Fundraising expenses
$0
Program service expenses (Part III)
$41,850,526

Program services were 81.2% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $756,516

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Scientific Content

    total $39,577,920 · related or exempt $31,818,631 · unrelated business $267,081 · excluded $7,492,208

  • 2b · Program service revenue: Membership Dues

    total $2,030,945 · related or exempt $2,030,945 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $3,219,420 · related or exempt $3,219,420 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $457,718 · related or exempt $228,859 · unrelated business $0 · excluded $228,859

  • 6a · Gross rents

    real property $260,447 · personal property $0

  • 6b · Less rental expenses

    real property $175,896 · personal property $0

  • 6c · Rental income or loss

    real property $84,551 · personal property $0

  • 6d · Net rental income or loss

    total $84,551 · related or exempt $0 · unrelated business $0 · excluded $84,551

  • 7a · Gross sales of assets other than inventory

    securities $72,500,283 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $50,416,536 · other assets $0

  • 7c · Gain or loss

    securities $22,083,747 · other assets $0

  • 7d · Net gain or loss

    total $22,083,747 · related or exempt $0 · unrelated business $0 · excluded $22,083,747

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,885,626 · program services $2,885,626

  • 2 · Grants to domestic individuals

    total $49,918 · program services $49,918

  • 3 · Grants to foreign organizations and individuals

    total $749,061 · program services $749,061

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $2,124,352 · program services $1,702,581 · management and general $421,771 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $17,859,056 · program services $14,313,297 · management and general $3,545,759 · fundraising $0

  • 8 · Pension plan contributions

    total $1,572,269 · program services $1,260,109 · management and general $312,160 · fundraising $0

  • 9 · Other employee benefits

    total $1,486,841 · program services $1,191,642 · management and general $295,199 · fundraising $0

  • 10 · Payroll taxes

    total $1,524,011 · program services $1,221,432 · management and general $302,579 · fundraising $0

  • 11a · Fees: management

    total $1,732,831 · program services $1,388,793 · management and general $344,038 · fundraising $0

  • 11b · Fees: legal

    total $128,821 · program services $103,245 · management and general $25,576 · fundraising $0

  • 11c · Fees: accounting

    total $86,783 · program services $69,553 · management and general $17,230 · fundraising $0

  • 11d · Fees: lobbying

    total $100,515 · program services $100,515 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $286,612 · program services $0 · management and general $286,612 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $709,243 · program services $568,429 · management and general $140,814 · fundraising $0

  • 13 · Office expenses

    total $731,339 · program services $586,138 · management and general $145,201 · fundraising $0

  • 14 · Information technology

    total $1,005,520 · program services $805,883 · management and general $199,637 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $1,406,338 · program services $1,127,122 · management and general $279,216 · fundraising $0

  • 17 · Travel

    total $1,332,853 · program services $1,068,227 · management and general $264,626 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $9,943,164 · program services $7,969,036 · management and general $1,974,128 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,236,171 · program services $990,740 · management and general $245,431 · fundraising $0

  • 23 · Insurance

    total $170,261 · program services $136,457 · management and general $33,804 · fundraising $0

  • 24a · Other expenses: Production Support

    total $4,000,135 · program services $3,205,943 · management and general $794,192 · fundraising $0

  • 24b · Other expenses: Taxes

    total $16,729 · program services $13,408 · management and general $3,321 · fundraising $0

  • 24c · Other expenses: Member Services

    total $380,806 · program services $305,200 · management and general $75,606 · fundraising $0

  • 24d · Other expenses: Grant Programming Expense

    total $38,171 · program services $38,171 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,152,155 · end of year $833,691

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $1,083,011 · end of year $1,494,182

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $38,946 · end of year $27,885

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,788,502 · end of year $1,593,048

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

    $37,064,262

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

    $25,060,004

  • 10c · Land, buildings and equipment, net

    beginning of year $12,366,721 · end of year $12,004,258

  • 11 · Investments: publicly traded securities

    beginning of year $111,573,986 · end of year $122,987,561

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $5,387,181 · end of year $6,009,853

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,423,813 · end of year $5,342,248

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $17,045,871 · end of year $19,459,103

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $4,381,983 · end of year $5,116,010

  • 27 · Net assets without donor restrictions

    beginning of year $106,538,835 · end of year $115,033,117

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

To promote the generation, application, and archiving of knowledge of optics and photonics and to disseminate the knowledge worldwide.

  • Technical production and dissemination of scientific content related to optics.

    Expenses $24,223,608 · Revenue $39,951,511

  • Member and outreach services for those interested in the field of optics.

    Expenses $14,198,677 · Grants $3,634,687 · Revenue $2,497,297

  • Contributions to Optica Foundation which is dedicated to supporting the philanthropic work of Optica in promoting the generation, application, archiving and worldwide dissemination of knowledge in optics and photonics.

    Expenses $3,428,241

As filed on the 2023 return.

Listed in Part VII

  • Elizabeth A Rogan

    Chief Executive Officer

    Total calculated
    $1,381,055
    From this org
    $995,555
    From related orgs
    $0
    Other
    $385,500
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $843,055
    Bonus
    $130,000
    Other
    $22,500
    Deferred
    $373,000
    Nontaxable benefits
    $12,500
    Filer's total
    $1,381,055

  • Sean Bagshaw

    COO CIO

    Total calculated
    $517,041
    From this org
    $461,150
    From related orgs
    $0
    Other
    $55,891
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $373,650
    Bonus
    $65,000
    Other
    $22,500
    Deferred
    $33,000
    Nontaxable benefits
    $22,891
    Filer's total
    $517,041

  • Elizabeth Nolan

    Deputy Exec. Dir./Chief Publishing Officer

    Total calculated
    $482,660
    From this org
    $440,210
    From related orgs
    $0
    Other
    $42,450
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $357,710
    Bonus
    $60,000
    Other
    $22,500
    Deferred
    $33,000
    Nontaxable benefits
    $9,450
    Filer's total
    $482,660

  • Chad Stark

    Executive Director

    Total calculated
    $396,134
    From this org
    $347,074
    From related orgs
    $0
    Other
    $49,060
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $274,574
    Bonus
    $50,000
    Other
    $22,500
    Deferred
    $33,000
    Nontaxable benefits
    $16,060
    Filer's total
    $396,134

  • P Scott Carney

    Chief Science and Technology Officer

    Total calculated
    $392,694
    From this org
    $359,203
    From related orgs
    $0
    Other
    $33,491
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $339,203
    Bonus
    $20,000
    Other
    $0
    Deferred
    $33,000
    Nontaxable benefits
    $491
    Filer's total
    $392,694

  • Genaro Montanez

    Chief Employment and Membership Engagement Off

    Total calculated
    $323,259
    From this org
    $286,032
    From related orgs
    $0
    Other
    $37,227
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $255,032
    Bonus
    $31,000
    Other
    $0
    Deferred
    $28,580
    Nontaxable benefits
    $8,647
    Filer's total
    $323,259

  • Ryan Strowger

    Chief Industry and Events Officer

    Total calculated
    $280,218
    From this org
    $246,810
    From related orgs
    $0
    Other
    $33,408
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $246,810
    Bonus
    $0
    Other
    $0
    Deferred
    $24,761
    Nontaxable benefits
    $8,647
    Filer's total
    $280,218

  • Bill Abbruzzo

    Secretary

    Total calculated
    $226,256
    From this org
    $205,380
    From related orgs
    $0
    Other
    $20,876
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $201,380
    Bonus
    $4,000
    Other
    $0
    Deferred
    $20,400
    Nontaxable benefits
    $476
    Filer's total
    $226,256

  • Jens Biegert

    Director

    Total calculated
    $0
    Hours/week
    10

  • Aleksandra Boskovic

    Director

    Total calculated
    $0
    Hours/week
    10

  • Katherine Calabor

    Director

    Total calculated
    $0
    Hours/week
    10

  • Judith Dawes

    Director

    Total calculated
    $0
    Hours/week
    10

  • Julie Sheridan Eng

    Director

    Total calculated
    $0
    Hours/week
    10

  • Amy Eskilson

    Director

    Total calculated
    $0
    Hours/week
    10

  • Ulrike Fuchs

    Director

    Total calculated
    $0
    Hours/week
    10

  • Susana Marcos

    Director

    Total calculated
    $0
    Hours/week
    10

  • Joyce Poon

    Director

    Total calculated
    $0
    Hours/week
    10

  • Min Qiu

    Director

    Total calculated
    $0
    Hours/week
    10

  • Ulrike Woggon

    Director

    Total calculated
    $0
    Hours/week
    10

  • Michal Lipson

    President

    Total calculated
    $0
    Hours/week
    10

  • Gerd Leuchs

    President Elect

    Total calculated
    $0
    Hours/week
    10

  • Satoshi Kawata

    Past-President

    Total calculated
    $0
    Hours/week
    10

  • George Bayz

    Treasurer

    Total calculated
    $0
    Hours/week
    10

  • James Kafka

    Vice-President

    Total calculated
    $0
    Hours/week
    10

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
Optica's CEO is a member of the private Cosmos Club in Washington, DC. The initiation fee for the club was paid by the CEO's personal funds. Annual dues for the club membership is reimbursed by Optica, which in return receives discounted hotel, meeting space and catering for events hosted by Optica.
Schedule J, Part I, Line 4
Optica's CEO participates in the 457(f) plan.
Schedule J, Part II
Column (C) Retirement and other deferred compensation: A. Included in this amount for the CEO is an unvested employer contribution credit to a nonqualified deferred compensation plan ("NQDCP"). G. NQDCP interests are subject to the claims of Optica's bankruptcy creditors. In the event of an Optica bankruptcy, the participant would become a general unsecured creditor of Optica with respect to her plan benefit. D. The NQDCP is a nonqualified deferred compensation plan. This means that the participant does not receive the tax benefits available to participants in tax-qualified retirement plans. E. Optica retains the right to amend or terminate the NQDCP at any time.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants 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
15 November 2024
IRS schema version
2023v5.0
Source object
202433209349325663

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