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Nonprofiteer
← COLORADO OPTOMETRIC ASSOCIATION INC

Form 990 for tax year 2023

Filed by COLORADO OPTOMETRIC ASSOCIATION INC.

Totals

Total revenue
$1,006,933
Total expenses
$934,452
Contributions and grants received
$223
Grants paid
$0
Program service revenue
$937,689
Investment income
$43,479
Other revenue
$25,542
Total assets, end of year
$3,730,614
Total liabilities, end of year
$294,186
Net assets or fund balances, end of year
$3,436,428
Program services expenses (Part IX)
$934,452
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $223

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $594,025 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: EVENTS

    total $103,713 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: SPONSORSHIPS

    total $103,414 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: OTHER PROGRAM REVENUE

    total $136,537 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $73,388 · unrelated business $0 · excluded $73,388

  • 5 · Royalties

    total $23,142 · related or exempt $0 · unrelated business $0 · excluded $23,142

  • 7a · Gross sales of assets other than inventory

    securities $540,427

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

    securities $570,336

  • 7c · Gain or loss

    securities -$29,909

  • 7d · Net gain or loss

    total -$29,909 · related or exempt $0 · unrelated business $0 · excluded -$29,909

  • 11a · Other revenue: ADVERTISING

    total $2,400 · related or exempt $0 · unrelated business $2,400 · excluded $0

  • 11e · Other revenue, total

    $2,400

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $152,494 · program services $152,494 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $153,838 · program services $153,838 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $7,693 · program services $7,693 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $13,921 · program services $13,921 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $23,575 · program services $23,575 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $600 · program services $600 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $10,148 · program services $10,148 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $60,000 · program services $60,000 · management and general $0 · fundraising $0

  • 11f · Fees: investment management

    total $13,393 · program services $13,393 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $4,172 · program services $4,172 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $597 · program services $597 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $1,999 · program services $1,999 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $12,505 · program services $12,505 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $20,410 · program services $20,410 · management and general $0 · fundraising $0

  • 17 · Travel

    total $15,464 · program services $15,464 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $92,904 · program services $92,904 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $16,149 · program services $16,149 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $6,978 · program services $6,978 · management and general $0 · fundraising $0

  • 24a · Other expenses: SPECIAL PROGRAMS & PROJECTS

    total $260,593 · program services $260,593 · management and general $0 · fundraising $0

  • 24b · Other expenses: POSTAGE AND PRINTING

    total $16,694 · program services $16,694 · management and general $0 · fundraising $0

  • 24c · Other expenses: PROPERTY TAX

    total $9,585 · program services $9,585 · management and general $0 · fundraising $0

  • 24d · Other expenses: SUBSCRIPTIONS

    total $2,557 · program services $2,557 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $38,183 · program services $38,183 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,004,353 · end of year $1,172,264

  • 2 · Savings and temporary cash investments

    beginning of year $430,716 · end of year $446,342

  • 3 · Pledges and grants receivable

    beginning of year $110,139 · end of year $102,423

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,000 · end of year $32,881

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

    $500,592

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

    $199,868

  • 10c · Land, buildings and equipment, net

    beginning of year $316,873 · end of year $300,724

  • 11 · Investments: publicly traded securities

    beginning of year $1,531,424 · end of year $1,675,980

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,584 · end of year $11,196

  • 19 · Deferred revenue

    beginning of year $170,394 · end of year $282,990

  • 27 · Net assets without donor restrictions

    beginning of year $3,236,527 · end of year $3,436,428

Mission and programs · 2023

Mission

SERVICE TO OPTOMETRIC COMMUNITY.

  • VIRTUAL CONFERENCING PROGRAMS PROVIDED TO MEMBERS AND OTHERS FOR PANDEMIC ISSUES AND FOR CONTINUING PROFESSIONAL EDUCATION.

  • PUBLICATION OF A MONTHLY INDUSTRY NEWSLETTER AND PRACTICE ADVISORIES ANNOUNCING CHANGES IN FEDERAL AND STATE LAWS AFFECTING OPTOMETRY.

  • THE 2020 EYES COLORADO CAMPAIGN IS DESIGNED TO EDUCATE THE PUBLIC IN COLORADO ON THE NEED FOR BETTER VISION HEALTH, MOTIVATE THEM TO SCHEDULE THEIR ANNUAL EYE EXAM AND LINK THEM TO AN EYE DOCTOR IF THEY DO NOT ALREADY HAVE ONE.

As filed on the 2023 return.

Listed in Part VII

  • Scott Middlemist Od

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Megan Borden Od

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    2

  • Matther Scott Od

    SECRETARY-TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ron Mearsha Od

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Alpa Patel Od

    REGION 1 TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bryce Brown Od

    REGION 2 TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Koditek Od

    REGION 3 TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ben Marske Od

    REGION 4 TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joshua Watt Od

    REGION 5 TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Eric Strautman Od

    REGION 6 TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jenna Moran Od

    REGION 7 TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kristine L Ekeren

    EXECUTIVE DIRECTOR

    Total calculated
    $152,494
    From this org
    $137,214
    From related orgs
    $0
    Other
    $15,280
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,214
    Bonus
    $0
    Other
    $0
    Deferred
    $4,000
    Nontaxable benefits
    $11,280
    Filer's total
    $152,494

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • COA HOLDING LLC

    OFFICE SPACE OWNERSHIP · CO

    Directly controlled by THE COLORADO OPTOMETRIC ASSOCIATION

Provenance

Return type
form_990
Tax year
2023
Filed
24 October 2024
IRS schema version
2023v5.1
Source object
202422989349300742

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