Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $2,700

• 1f · All other contributions, gifts and grants

  $2,843,081

• 3 · Investment income

  total $365,147 · excluded $365,147

• 7a · Gross sales of assets other than inventory

  securities $1,021,201

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

  securities $789,886

• 7c · Gain or loss

  securities $231,315

• 7d · Net gain or loss

  total $231,315 · excluded $231,315

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $490,000 · program services $490,000

• 2 · Grants to domestic individuals

  total $196,500 · program services $196,500

• 3 · Grants to foreign organizations and individuals

  total $64,500 · program services $64,500

• 7 · Other salaries and wages

  total $126,292 · program services $70,333 · management and general $21,250 · fundraising $34,709

• 9 · Other employee benefits

  total $34,369 · program services $19,140 · management and general $5,783 · fundraising $9,446

• 11b · Fees: legal

  total $10,902 · management and general $10,902

• 11c · Fees: accounting

  total $22,439 · management and general $22,439

• 11f · Fees: investment management

  total $38,306 · management and general $38,306

• 11g · Fees: other

  total $12,036 · program services $4,938 · management and general $1,250 · fundraising $5,848

• 13 · Office expenses

  total $3,651 · program services $2,034 · management and general $614 · fundraising $1,003

• 14 · Information technology

  total $40,655 · program services $39,127 · management and general $580 · fundraising $948

• 17 · Travel

  total $18,527 · management and general $17,180 · fundraising $1,347

• 19 · Conferences, conventions and meetings

  total $68,894 · program services $11,319 · management and general $6,463 · fundraising $51,112

• 24a · Other expenses: BAD DEBT EXPENSE

  total $17,326 · management and general $17,326

• 24b · Other expenses: SPEAKERS

  total $4,621 · program services $4,621

• 24e · All other expenses

  total $345 · program services $345

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $841,027 · end of year $2,412,445

• 2 · Savings and temporary cash investments

  beginning of year $275,140 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $712,308 · end of year $886,276

• 9 · Prepaid expenses and deferred charges

  beginning of year $9,975 · end of year $4,125

• 11 · Investments: publicly traded securities

  beginning of year $8,986,482 · end of year $9,941,976

• 15 · Other assets

  beginning of year $126,096 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $57,376 · end of year $26,800

• 18 · Grants payable

  beginning of year $3,750 · end of year $253,750

• 25 · Other liabilities

  beginning of year $611,075 · end of year $8,367

• 27 · Net assets without donor restrictions

  beginning of year $2,309,506 · end of year $2,618,531

• 28 · Net assets with donor restrictions

  beginning of year $7,969,321 · end of year $10,337,374

The filer's explanations (Part III)

PART I, LINE 3

THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS DETERMINED BY THE AMERICAN CONDUCTED ANNUALLY USING A 360-DEGREE EVALUATION BY STAFF, COMMITTEES AND RECOMMENDATION TO THE BOARD, TAKING INTO ACCOUNT A REVIEW OF COMPARABLE THE MANAGEMENT COMMITTEE'S RECOMMENDATION. THE DECISION APPROVAL IS ACADEMY OF OPTOMETRY, A RELATED ORGANIZATION. A PERFORMANCE EVALUATION IS SECTION OFFICERS, AS WELL AS THE BOARD. THE MANAGEMENT COMMITTEE MAKES A SALARIES PROVIDED IN SALARY SURVEYS OF NOT-FOR-PROFITS. THE BOARD REVIEWS DOCUMENTED IN THE MINUTES AND IN THE CHIEF EXECUTIVE OFFICER CONTRACT. THIS PROCESS LAST OCCURRED IN 2025.