Form 990 for tax year 2022

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

  $821,960

• 1g · Noncash contributions included above

  $0

• 2a · Program service revenue: Scientific Content

  total $38,652,514 · related or exempt $32,005,708 · unrelated business $326,674 · excluded $6,320,132

• 2b · Program service revenue: Membership Dues

  total $1,857,275 · related or exempt $1,857,275 · unrelated business $0 · excluded $0

• 2c · Program service revenue: Other Programs

  total $165,874 · related or exempt $165,874 · 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 $3,072,736 · related or exempt $0 · unrelated business $0 · excluded $3,072,736

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

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

• 5 · Royalties

  total $119,291 · related or exempt $0 · unrelated business $0 · excluded $119,291

• 6a · Gross rents

  real property $250,684 · personal property $0

• 6b · Less rental expenses

  real property $169,525 · personal property $0

• 6c · Rental income or loss

  real property $81,159 · personal property $0

• 6d · Net rental income or loss

  total $81,159 · related or exempt $0 · unrelated business $0 · excluded $81,159

• 7a · Gross sales of assets other than inventory

  securities $10,392,372 · other assets $0

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

  securities $10,865,762 · other assets $0

• 7c · Gain or loss

  securities -$473,390 · other assets $0

• 7d · Net gain or loss

  total -$473,390 · related or exempt $0 · unrelated business $0 · excluded -$473,390

• 8a · Fundraising events: gross income

  $0

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

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0 · unrelated business $0 · excluded $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

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

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

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

• 11d · All other revenue

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

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,063,552 · program services $3,063,552

• 2 · Grants to domestic individuals

  total $65,149 · program services $65,149

• 3 · Grants to foreign organizations and individuals

  total $481,426 · program services $481,426

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $1,536,347 · program services $1,316,214 · management and general $220,133 · fundraising $0

• 6 · Compensation of disqualified persons

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

• 7 · Other salaries and wages

  total $16,104,400 · program services $13,796,911 · management and general $2,307,489 · fundraising $0

• 8 · Pension plan contributions

  total $1,528,983 · program services $1,309,905 · management and general $219,078 · fundraising $0

• 9 · Other employee benefits

  total $1,133,207 · program services $970,838 · management and general $162,369 · fundraising $0

• 10 · Payroll taxes

  total $1,413,007 · program services $1,210,547 · management and general $202,460 · fundraising $0

• 11a · Fees: management

  total $1,420,684 · program services $1,217,036 · management and general $203,648 · fundraising $0

• 11b · Fees: legal

  total $266,886 · program services $228,629 · management and general $38,257 · fundraising $0

• 11c · Fees: accounting

  total $98,206 · program services $84,129 · management and general $14,077 · fundraising $0

• 11d · Fees: lobbying

  total $121,903 · program services $121,903 · management and general $0 · fundraising $0

• 11e · Fees: professional fundraising services

  total $0 · fundraising $0

• 11f · Fees: investment management

  total $300,362 · program services $0 · management and general $300,362 · fundraising $0

• 11g · Fees: other

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

• 12 · Advertising and promotion

  total $758,693 · program services $649,985 · management and general $108,708 · fundraising $0

• 13 · Office expenses

  total $903,925 · program services $774,408 · management and general $129,517 · fundraising $0

• 14 · Information technology

  total $949,373 · program services $813,344 · management and general $136,029 · fundraising $0

• 15 · Royalties

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

• 16 · Occupancy

  total $1,406,338 · program services $1,204,833 · management and general $201,505 · fundraising $0

• 17 · Travel

  total $1,334,055 · program services $1,142,907 · management and general $191,148 · 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 $9,757,955 · program services $8,359,804 · management and general $1,398,151 · 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 $1,215,863 · program services $1,041,650 · management and general $174,213 · fundraising $0

• 23 · Insurance

  total $118,506 · program services $101,526 · management and general $16,980 · fundraising $0

• 24a · Other expenses: Production Support

  total $3,923,415 · program services $3,361,256 · management and general $562,159 · fundraising $0

• 24b · Other expenses: Taxes

  total $16,729 · program services $14,332 · management and general $2,397 · fundraising $0

• 24c · Other expenses: Member Services

  total $378,559 · program services $324,318 · management and general $54,241 · fundraising $0

• 24d · Other expenses: Grant Programming Expenses

  total $53,319 · program services $53,319 · 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 $899,136 · end of year $1,152,155

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $3,373,727 · end of year $1,083,011

• 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 $55,385 · end of year $38,946

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,117,516 · end of year $1,788,502

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

  $36,190,553

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

  $23,823,832

• 10c · Land, buildings and equipment, net

  beginning of year $13,040,071 · end of year $12,366,721

• 11 · Investments: publicly traded securities

  beginning of year $133,307,231 · end of year $111,573,986

• 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 $5,948,180 · end of year $5,387,181

• 17 · Accounts payable and accrued expenses

  beginning of year $4,543,771 · end of year $5,423,813

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $15,966,857 · end of year $17,045,871

• 20 · Tax-exempt bond liabilities

  end of year $0

• 21 · Escrow or custodial account liability

  end of year $0

• 22 · Loans and payables to officers and key people

  end of year $0

• 23 · Secured mortgages and notes payable

  end of year $0

• 24 · Unsecured notes and loans payable

  end of year $0

• 25 · Other liabilities

  beginning of year $4,977,265 · end of year $4,381,983

• 27 · Net assets without donor restrictions

  beginning of year $132,253,353 · end of year $106,538,835

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

Schedule J, Part I, Line 1a

Optica 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 the Society, which in return receives discounted hotel, meeting space, and catering for events hosted by the Society.

Schedule J, Part I, Line 4

Optica's CEO participates in the 457(f) plan. The total paid in 2022 was $130,000.

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"). B. NQDCP interests are forfeited by the participant if the participant voluntarily terminates employment prior to attaining the vesting date designated under the applicable plan documents. C. 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.