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← OPTICAL SOCIETY OF AMERICA INC

Form 990 for tax year 2024

Filed by OPTICAL SOCIETY OF AMERICA INC.

Totals

Total revenue
$61,827,324
Total expenses
$57,862,564
Contributions and grants received
$767,429
Grants paid
$1,854,686
Program service revenue
$45,428,771
Investment income
$15,398,284
Other revenue
$232,840
Total assets, end of year
$148,338,442
Total liabilities, end of year
$29,600,414
Net assets or fund balances, end of year
$118,738,028
Program services expenses (Part IX)
$53,358,804
Management and general expenses
$4,503,760
Fundraising expenses
$0
Program service expenses (Part III)
$53,358,804

Program services were 92.2% 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

    $767,429

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Scientific Content

    total $42,436,896 · related or exempt $42,233,558 · unrelated business $203,338 · excluded $0

  • 2b · Program service revenue: Conferences

    total $2,991,875 · related or exempt $2,955,994 · unrelated business $35,881 · excluded $0

  • 2c · Program service revenue

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

  • 2d · Program service revenue

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

  • 2e · Program service revenue

    total $0 · related or exempt $0 · 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 $4,040,785 · related or exempt $0 · unrelated business $0 · excluded $4,040,785

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

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

  • 5 · Royalties

    total $76,784 · related or exempt $0 · unrelated business $0 · excluded $76,784

  • 6a · Gross rents

    real property $273,751 · personal property $0

  • 6b · Less rental expenses

    real property $117,695 · personal property $0

  • 6c · Rental income or loss

    real property $156,056 · personal property $0

  • 6d · Net rental income or loss

    total $156,056 · related or exempt $0 · unrelated business $0 · excluded $156,056

  • 7a · Gross sales of assets other than inventory

    securities $49,118,855 · other assets $0

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

    securities $37,761,356 · other assets $0

  • 7c · Gain or loss

    securities $11,357,499 · other assets $0

  • 7d · Net gain or loss

    total $11,357,499 · related or exempt $0 · unrelated business $0 · excluded $11,357,499

  • 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

  • 11a · Other revenue

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

  • 11b · Other revenue

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

  • 11c · Other revenue

    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 $1,003,201 · program services $1,003,201

  • 2 · Grants to domestic individuals

    total $240,590 · program services $240,590

  • 3 · Grants to foreign organizations and individuals

    total $610,895 · program services $610,895

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $4,567,394 · program services $3,653,915 · management and general $913,479 · fundraising $0

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

    total $17,182,421 · program services $16,973,768 · management and general $208,653 · fundraising $0

  • 8 · Pension plan contributions

    total $1,727,812 · program services $1,659,468 · management and general $68,344 · fundraising $0

  • 9 · Other employee benefits

    total $1,469,089 · program services $1,400,706 · management and general $68,383 · fundraising $0

  • 10 · Payroll taxes

    total $1,738,938 · program services $1,651,188 · management and general $87,750 · fundraising $0

  • 11a · Fees: management

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

  • 11b · Fees: legal

    total $4,477,510 · program services $4,016,997 · management and general $460,513 · fundraising $0

  • 11c · Fees: accounting

    total $258,170 · program services $0 · management and general $258,170 · fundraising $0

  • 11d · Fees: lobbying

    total $165,156 · program services $165,156 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $309,287 · program services $0 · management and general $309,287 · fundraising $0

  • 11g · Fees: other

    total $892,871 · program services $832,096 · management and general $60,775 · fundraising $0

  • 12 · Advertising and promotion

    total $2,149,860 · program services $1,912,979 · management and general $236,881 · fundraising $0

  • 13 · Office expenses

    total $656,564 · program services $549,514 · management and general $107,050 · fundraising $0

  • 14 · Information technology

    total $4,289,705 · program services $3,873,594 · management and general $416,111 · fundraising $0

  • 15 · Royalties

    total $3,896,790 · program services $3,896,790 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $899,384 · program services $899,384 · management and general $0 · fundraising $0

  • 17 · Travel

    total $885,902 · program services $792,098 · management and general $93,804 · 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 $6,943,807 · program services $6,607,871 · management and general $335,936 · 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 $1,304,466 · program services $510,416 · management and general $794,050 · fundraising $0

  • 23 · Insurance

    total $203,126 · program services $165,267 · management and general $37,859 · fundraising $0

  • 24a · Other expenses: Banking Fees

    total $634,570 · program services $590,770 · management and general $43,800 · fundraising $0

  • 24b · Other expenses: Member Services

    total $120,558 · program services $117,643 · management and general $2,915 · fundraising $0

  • 24c · Other expenses: Production Support

    total $1,234,498 · program services $1,234,498 · management and general $0 · fundraising $0

  • 24d · Other expenses

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

  • 24e · All other expenses

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

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · 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 $833,691 · end of year $1,767,000

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,494,182 · end of year $1,254,569

  • 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 $27,885 · end of year $23,228

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,593,048 · end of year $1,533,845

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

    $37,544,919

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

    $26,364,470

  • 10c · Land, buildings and equipment, net

    beginning of year $12,004,258 · end of year $11,180,449

  • 11 · Investments: publicly traded securities

    beginning of year $122,987,561 · end of year $128,490,738

  • 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 $6,009,853 · end of year $4,088,613

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,342,248 · end of year $5,781,023

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $19,459,103 · end of year $20,383,848

  • 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 $5,116,010 · end of year $3,435,543

  • 27 · Net assets without donor restrictions

    beginning of year $115,033,117 · end of year $118,738,028

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

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 $39,587,410 · Grants $228,183 · Revenue $42,233,558

  • Member Programs - The Organization develops and runs programs designed specifically for members in order to increase their knowledge of public policy career opportunities educational programs and programs designed to promote the global optics and photonics community.

    Expenses $10,707,881 · Grants $939,662 · Revenue $2,955,994

  • Contributions to the Foundation: Optica matches donations to the Foundation on a one-to-one basis as well as contributes management services and funds to support the Foundations programs.

    Expenses $3,063,513 · Grants $686,841

As filed on the 2024 return.

Listed in Part VII

  • Elizabeth Rogan

    Former CEO

    Total calculated
    $3,192,334
    From this org
    $3,148,956
    From related orgs
    $0
    Other
    $43,378
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $531,510
    Bonus
    $0
    Other
    $2,617,446
    Deferred
    $34,500
    Nontaxable benefits
    $8,878
    Filer's total
    $3,192,334

  • Elizabeth Nolan

    CEO

    Total calculated
    $678,135
    From this org
    $534,757
    From related orgs
    $0
    Other
    $143,378
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $434,757
    Bonus
    $100,000
    Other
    $0
    Deferred
    $134,500
    Nontaxable benefits
    $8,878
    Filer's total
    $678,135

  • Sean Bagshaw

    COO CIO

    Total calculated
    $546,272
    From this org
    $492,711
    From related orgs
    $0
    Other
    $53,561
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $410,528
    Bonus
    $82,183
    Other
    $0
    Deferred
    $34,500
    Nontaxable benefits
    $19,061
    Filer's total
    $546,272

  • P Scott Carney

    Chief Science and Technology Officer

    Total calculated
    $398,185
    From this org
    $336,112
    From related orgs
    $0
    Other
    $62,073
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $336,112
    Bonus
    $0
    Other
    $0
    Deferred
    $34,500
    Nontaxable benefits
    $27,573
    Filer's total
    $398,185

  • Genaro Montanez

    Chief Employee and Membership Engagement Officer

    Total calculated
    $341,867
    From this org
    $302,733
    From related orgs
    $0
    Other
    $39,134
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $272,733
    Bonus
    $30,000
    Other
    $0
    Deferred
    $30,256
    Nontaxable benefits
    $8,878
    Filer's total
    $341,867

  • T Chad Stark

    Former Optica Fnd Executive Director

    Total calculated
    $389,157
    From this org
    $342,497
    From related orgs
    $0
    Other
    $46,660
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $197,483
    Bonus
    $0
    Other
    $145,014
    Deferred
    $34,500
    Nontaxable benefits
    $12,160
    Filer's total
    $389,157

  • Bill Abruzzo

    Senior Director General Counsel

    Total calculated
    $250,652
    From this org
    $226,500
    From related orgs
    $0
    Other
    $24,152
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $222,500
    Bonus
    $4,000
    Other
    $0
    Deferred
    $22,518
    Nontaxable benefits
    $1,635
    Filer's total
    $250,653

  • Deborah Herrin

    Senior Director IT

    Total calculated
    $312,935
    From this org
    $276,460
    From related orgs
    $0
    Other
    $36,475
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $272,460
    Bonus
    $4,000
    Other
    $0
    Deferred
    $27,498
    Nontaxable benefits
    $8,977
    Filer's total
    $312,935

  • Thomas Hausken

    Senior Industry Advisor

    Total calculated
    $305,486
    From this org
    $270,362
    From related orgs
    $0
    Other
    $35,124
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $266,441
    Bonus
    $3,921
    Other
    $0
    Deferred
    $26,530
    Nontaxable benefits
    $8,594
    Filer's total
    $305,486

  • Gerd Leuchs

    President

    Total calculated
    $0
    Hours/week
    10

  • James Kafka

    President-elect

    Total calculated
    $0
    Hours/week
    10

  • Gisele Bennett

    Vice President

    Total calculated
    $0
    Hours/week
    10

  • George Bayz

    Treasurer

    Total calculated
    $0
    Hours/week
    10 + 5 related

  • Michal Lipson

    Immediate Past President

    Total calculated
    $0
    Hours/week
    10

  • Jens Biegert

    Director

    Total calculated
    $0
    Hours/week
    10

  • Martin Booth

    Director

    Total calculated
    $0
    Hours/week
    10

  • Aleksandra Boskovic

    Director

    Total calculated
    $0
    Hours/week
    10

  • Caroline Boudoux

    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

  • Dennis Fantone

    Director

    Total calculated
    $0
    Hours/week
    10

  • Ulrike Fuchs

    Director

    Total calculated
    $0
    Hours/week
    10

  • Michael Lebby

    Director

    Total calculated
    $0
    Hours/week
    10

  • Susana Marcos

    Director

    Total calculated
    $0
    Hours/week
    10

  • Min Qiu

    Director

    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
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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)

Part I Line 4a
| Name :, Amount:| Chad Stark, 145014|
Part I Line 4a
| Name :, Amount:| Elizabeth Rogan, 60698|
Part I Line 4b
| Name :, Title:, Item Selected:, Amount:| Elizabeth Rogan, 2556748|
Part I & Part II
| PartandLinenumber:,Explanation:| Part II Line 1,Retirement and other deferred compensation: Included in this amount for the CEO is an unvested employer contribution credit to a nonqualified deferred compensation plan NQDCP. NQDCP interests are subject to the claims of Opticas bankruptcy creditors. In the event of an Optica bankruptcy the participant would become a general unsecured creditor of Optica with respect to their plan benefit. 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. Optica retains the right to amend or terminate the NQDCP at any time.|Part I Line 1,Opticas CEO is a member of the private Cosmos Club in Washington D.C. The initiation fee for the club was paid by the CEOs personal funds. Annual dues for the club membership are reimbursed by Optica which in return receives discounted hotel meeting space and catering for events hosted by Optica. This agreement was terminated in 2024.|Part I Line 4,Opticas CEO participates in a 457f plan.|

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
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202543189349309444

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