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Nonprofiteer
← AMERICAN ACADEMY OF OPTOMETRY

Form 990 for tax year 2023

Filed by AMERICAN ACADEMY OF OPTOMETRY.

Totals

Total revenue
$8,559,259
Total expenses
$8,919,175
Contributions and grants received
$340,818
Grants paid
$353,356
Program service revenue
$7,553,835
Investment income
$432,284
Other revenue
$232,322
Total assets, end of year
$12,371,354
Total liabilities, end of year
$2,833,721
Net assets or fund balances, end of year
$9,537,633
Program services expenses (Part IX)
$7,574,293
Management and general expenses
$1,344,882
Fundraising expenses
$0
Program service expenses (Part III)
$7,574,293

Program services were 84.9% 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

    $340,818

  • 2a · Program service revenue: ANNUAL MEETING

    total $5,318,253 · related or exempt $5,318,253

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $2,234,382 · related or exempt $2,234,382

  • 2c · Program service revenue: PUBLICATIONS

    total $1,200 · related or exempt $1,200

  • 3 · Investment income

    total $332,150 · excluded $332,150

  • 5 · Royalties

    total $232,072 · excluded $232,072

  • 7a · Gross sales of assets other than inventory

    securities $1,396,162

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

    securities $1,296,028

  • 7c · Gain or loss

    securities $100,134

  • 7d · Net gain or loss

    total $100,134 · excluded $100,134

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $250 · excluded $250

  • 11e · Other revenue, total

    $250

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $330,000 · program services $330,000

  • 2 · Grants to domestic individuals

    total $15,750 · program services $15,750

  • 3 · Grants to foreign organizations and individuals

    total $7,606 · program services $7,606

  • 5 · Compensation of officers, directors and key employees

    total $479,196 · program services $244,970 · management and general $234,226

  • 7 · Other salaries and wages

    total $1,407,395 · program services $1,008,784 · management and general $398,611

  • 8 · Pension plan contributions

    total $116,084 · program services $81,934 · management and general $34,150

  • 9 · Other employee benefits

    total $208,856 · program services $143,848 · management and general $65,008

  • 10 · Payroll taxes

    total $150,340 · program services $100,579 · management and general $49,761

  • 11b · Fees: legal

    total $42,100 · management and general $42,100

  • 11c · Fees: accounting

    total $57,606 · management and general $57,606

  • 11f · Fees: investment management

    total $33,862 · management and general $33,862

  • 11g · Fees: other

    total $183,675 · program services $179,665 · management and general $4,010

  • 12 · Advertising and promotion

    total $28,375 · program services $28,375

  • 13 · Office expenses

    total $447,738 · program services $389,714 · management and general $58,024

  • 14 · Information technology

    total $459,750 · program services $371,198 · management and general $88,552

  • 16 · Occupancy

    total $75,053 · program services $50,211 · management and general $24,842

  • 17 · Travel

    total $237,861 · program services $213,174 · management and general $24,687

  • 19 · Conferences, conventions and meetings

    total $3,364,044 · program services $3,272,284 · management and general $91,760

  • 22 · Depreciation, depletion and amortization

    total $366,938 · program services $245,488 · management and general $121,450

  • 23 · Insurance

    total $41,406 · program services $27,701 · management and general $13,705

  • 24a · Other expenses: JOURNAL

    total $549,658 · program services $549,658

  • 24b · Other expenses: SPEAKERS

    total $209,126 · program services $209,126

  • 24c · Other expenses: PRINTING

    total $82,896 · program services $82,896

  • 24d · Other expenses: ORGANIZATION DUES & FEE

    total $17,000 · program services $17,000

  • 24e · All other expenses

    total $6,860 · program services $4,332 · management and general $2,528

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $103,461 · end of year $468,955

  • 2 · Savings and temporary cash investments

    beginning of year $137,383 · end of year $157,553

  • 3 · Pledges and grants receivable

    beginning of year $140,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $295,150 · end of year $160,779

  • 9 · Prepaid expenses and deferred charges

    beginning of year $348,497 · end of year $375,802

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

    $2,813,900

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

    $802,122

  • 10c · Land, buildings and equipment, net

    beginning of year $2,282,817 · end of year $2,011,778

  • 11 · Investments: publicly traded securities

    beginning of year $8,178,662 · end of year $8,582,793

  • 15 · Other assets

    beginning of year $621,576 · end of year $613,694

  • 17 · Accounts payable and accrued expenses

    beginning of year $538,374 · end of year $335,336

  • 19 · Deferred revenue

    beginning of year $2,034,325 · end of year $2,369,669

  • 25 · Other liabilities

    beginning of year $313,177 · end of year $128,716

  • 27 · Net assets without donor restrictions

    beginning of year $7,339,988 · end of year $7,389,224

  • 28 · Net assets with donor restrictions

    beginning of year $1,881,682 · end of year $2,148,409

Mission and programs · 2023

Mission

TO MAINTAIN AND ENHANCE EXCELLENCE IN OPTOMETRIC PRACTICE

  • ANNUAL MEETING: THE ANNUAL MEETING WAS HELD TO EXCHANGE MEDICAL AND SCIENTIFIC KNOWLEDGE RELATING TO THE FIELD OF OPTOMETRY. THE ANNUAL MEETING INCLUDES THE CONTINUING EDUCATION PROGRAM THAT CONSISTS OF MORE THAN 320 COURSES AND PROMOTES KNOWLEDGE ON ALL ASPECTS OF THE OPTOMETRY PRACTICE. THE ANNUAL MEETING HAD 7,083 ATTENDEES, 5,782 OF THOSE ATTENDEES WERE NON-EXHIBITORS.

    Expenses $5,231,499 · Revenue $5,318,253

  • THE ACADEMY PROVIDES DIRECT SUPPORT FOR STUDENTS PURSUING EDUCATION, PROFESSIONALS PURSUING RESEARCH, AND/OR OVERALL ADVANCEMENT IN THE OPTOMETRY PROFESSION.

    Expenses $965,943 · Grants $353,356

  • SECTIONS AND MEMBERSHIP: THE AMERICAN ACADEMY OF OPTOMETRY'S (ACADEMY OR AAO) SECTIONS ALLOW FOR THE EXCHANGE OF MEDICAL AND SCIENTIFIC KNOWLEDGE RELATING TO SPECIALTIES WITHIN THE FIELD OF OPTOMETRY. MEMBERSHIP DUES AND APPLICATIONS FEES ARE RECEIVED IN EXCHANGE FOR MEMBERSHIP BENEFITS SUCH AS ACCESS TO LOCAL CHAPTERS TO MAKE IT EASY TO KEEP IN TOUCH THROUGH SOCIAL FUNCTIONS AND STUDY BETWEEN REGULAR ANNUAL MEETINGS AND ABILITY TO JOIN ONE OR MORE OF THE SECTIONS AND SPECIAL INTEREST GROUPS DEVOTED TO VARIOUS AREAS OF FOCUS. THERE WERE 7,118 ACTIVE MEMBERS AS OF THE LAST DAY OF FISCAL YEAR 2024.

    Expenses $763,308 · Revenue $2,234,382

  • PUBLICATIONS: THE ACADEMY'S JOURNAL, OPTOMETRY & VISION SCIENCE, ARCHIVES THE ADVANCEMENT OF PRIMARY EYE CARE BY PUBLISHING CURRENT RESEARCH IN THE FIELD. THE ACADEMY'S NEWSLETTERS INFORMS MEMBERS OF ACTIVITIES AND PROMOTES FELLOWSHIP.

    Expenses $613,543 · Revenue $1,200

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

Listed in Part VII

  • Trish Shomion

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $256,420
    From this org
    $249,020
    From related orgs
    $0
    Other
    $7,400
    Hours/week
    25 + 15 related

    Schedule J breakdown matched by us

    Base
    $199,020
    Bonus
    $0
    Other
    $50,000
    Deferred
    $0
    Nontaxable benefits
    $7,400
    Filer's total
    $256,420

  • Richard Jones

    CHIEF FINANCIAL OFFICER

    Total calculated
    $212,106
    From this org
    $187,408
    From related orgs
    $0
    Other
    $24,698
    Hours/week
    26 + 14 related

    Schedule J breakdown matched by us

    Base
    $184,158
    Bonus
    $3,250
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,698
    Filer's total
    $212,106

  • Helen Viksnins

    VP, EDUCATION/PROFESSIONAL RELATIONS

    Total calculated
    $172,303
    From this org
    $149,310
    From related orgs
    $0
    Other
    $22,993
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $147,210
    Bonus
    $2,100
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,993
    Filer's total
    $172,303

  • Elizabeth Taylor

    VP, MEETINGS & INDUSTRY RELATIONS

    Total calculated
    $135,212
    From this org
    $124,758
    From related orgs
    $0
    Other
    $10,454
    Hours/week
    40

  • Joel Laborde

    VP OF STRATEGIC INITIATIVES

    Total calculated
    $127,751
    From this org
    $108,077
    From related orgs
    $0
    Other
    $19,674
    Hours/week
    30 + 10 related

  • David Harrison

    DIRECTOR OF DIGITAL ENGAGEMENT

    Total calculated
    $125,680
    From this org
    $108,608
    From related orgs
    $0
    Other
    $17,072
    Hours/week
    35 + 5 related

  • Susan Cotter

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Timothy McMahon

    IMMEDIATE PAST-PRES.

    Total calculated
    $0
    Hours/week
    10

  • Jeffrey Walline

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    10

  • Carl Spear

    SECRETARY-TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Nicholas Colatrella

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Andrew Mick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Chris Wilmer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Nancy Wong

    BOARD MEMBER

    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 · First-class or charter travel
  • 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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
ALL EMPLOYEES ARE ELIGIBLE TO RECEIVE UP TO $25 A MONTH FOR GYM AND HEALTH CLUB DUES. ON A CASE BY CASE BASIS, BUSINESS CLASS TRAVEL IS ALLOWED FOR LONG INTERNATIONAL FLIGHTS.
PART I, LINE 7
THE BOARD OF DIRECTORS DISCUSSES AND DETERMINES THE BONUS BASED ON THE TOTAL BONUS POOL, WHICH IS ALLOCATED AMONG STAFF.

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
29 April 2025
IRS schema version
2023v6.0
Source object
202501279349301890

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