Civic Intelligence

Optical Laboratories Association

EIN 36-0753111

View Organization Page

225 Reinekers Lane No 70022314-2877
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.11x

Higher debt load relative to assets than 81% of similar nonprofits.

<$500k nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

No filing with officer or executive compensation is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets81st percentile

Assets

$414,504

No earlier filing loaded for comparison.

Liabilities

$44,257

No earlier filing loaded for comparison.

Net Assets

$370,247

No earlier filing loaded for comparison.

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$41,309

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $414,504Liabilities 2011: $44,257Net Assets 2011: $370,2472011

Highlighted filing

2011

Assets$414,504
Liabilities$44,257
Net Assets$370,247
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0Expenses 2011: $41,3092011

Highlighted filing

2011

Revenue-
Expenses$41,309
Net Income-
Open 2011 Filing

Filings

Most recent year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$414,504
Liabilities
$44,257
Net assets
$370,247
Revenue
-
Expenses
$41,309
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.15$0.44$3.70$0.41
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Nov 13, 2012
Return Version
2011v1.2
Gross Receipts
$49,600
Filing and Contact Details

Filer

EIN
36-0753111
Raw XML AppendixShowing 400 of 447 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDescription0THE OPTICAL LABORATORIES ASSOCIATION (OLA) IS AN INTERNATIONAL BUSINESS ASSOCIATION FOUNDED IN 1984 TO SERVE THE NEEDS OF THE OPTICAL LABORATORY INDUSTRY.
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IRS990/MissionDescription0THE OPTICAL LABORATORIES ASSOCIATION (OLA) IS AN INTERNATIONAL BUSINESS ASSOCIATION FOUNDED IN 1984 TO SERVE THE NEEDS OF THE OPTICAL LABORATORY INDUSTRY.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE ASSOCIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR INCOME TAX POSITIONS TAKEN. THEREFORE, MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN INCOME TAX POSITIONS. GENERALLY, INCOME TAX RETURNS RELATED TO THE YEARS ENDED DECEMBER 31, 2008 THROUGH 2011 REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1LOSS ON DISPOSAL OF FIXED ASSETS 13,250.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2LOSS ON DISPOSAL OF FIXED ASSETS 13,250.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
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IRS990ScheduleO/GeneralExplanation/Explanation0OLA AND THE VISION COUNCIL ENTERED INTO A LETTER OF AGREEMENT (LOA), EFFECTIVE JANUARY 1, 2011. IN THE LOA, OLA AND TVC AGREED TO TRANSFER OLA'S PROGRAM SERVICE ACTIVITIES TO TVC. THE TRANSFER OF OLA'S ACTIVITIES WAS EFFECTIVE JANUARY 1, 2011 AND OLA'S PROGRAM SERVICES WERE OPERATED WITHIN TVC AS THE OPTICAL LAB DIVISION DURING 2011.
IRS990ScheduleO/GeneralExplanation/Explanation1THERE ARE THREE CLASSES OF MEMBERSHIP: (1) LABORATORY MEMBER, (2) INTERNATIONAL LAB MEMBER, AND (3) ASSOCIATE MEMBER. LABORATORY MEMBERS CONSIST OF ANY FIRM OPERATING IN THE OPTICAL LABORATORY BUSINESS WHICH IS IN SYMPATHY WITH THE PURPOSES OF THE ASSOCIATION. SUCH MEMBERS MUST FULFILL THE FOLLOWING REQUIREMENTS: MAINTAIN A REPRESENTATIVE STOCK OF OPHTHALMIC MATERIALS AND SUPPLIES AND DISTRIBUTES SAME TO OPHTHALMOLOGISTS, OPTOMETRISTS, OPTICIANS, AND/OR CONSUMERS. INTERNATIONAL LAB MEMBERS CONSIST OF ANY FIRM OPERATING IN THE OPTICAL LABORATORY BUSINESS OUTSIDE OF THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, AND THE COMMONWEALTH OF PUERTO RICO, WHICH IS IN SYMPATHY WITH THE PURPOSES OF THE ASSOCIATION. ASSOCIATE MEMBERS CONSIST OF ANY FIRM OPERATING AS A SUPPLIER WHICH IS IN SYMPATHY WITH THE PURPOSES OF THE ASSOCIATION. NO ORGANIZATION WHICH IS ELIGIBLE FOR ANY OTHER OLA MEMBERSHIP CATEGORY SHALL BE QUALIFIED TO AS SUCH MEMBER.
IRS990ScheduleO/GeneralExplanation/Explanation2THE MEMBERSHIP ELECTS THE GOVERNING BODY OF THE ASSOCIATION. INTERNATIONAL LAB MEMBERS AND ASSOCIATE MEMBERS ARE NOT PERMITTED TO BE ELECTED TO AN OFFICER POSITION.
IRS990ScheduleO/GeneralExplanation/Explanation3DUES INCREASES AND THE BY LAWS ARE SUBJECT TO THE APPROVAL BY MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation4A COPY OF THE FORM 990 WAS PROVIDED TO THE GOVERNING BODY BEFORE IT WAS FILED.
IRS990ScheduleO/GeneralExplanation/Explanation5THREE TIMES EACH YAR, AT OLA BOARD OF DIRECTORS MEETINGS, THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL MEMBERS OF THE GOVERNING BODY, AND OLA LEGAL COUNSEL REVIEWS THE POLICY AND DISCUSSES ITS INTENT, PROVISIONS, AND THE ACTIONS REQUIRED FOR COMPLIANCE.
IRS990ScheduleO/GeneralExplanation/Explanation6EVERY MARCH, DURING THE ANNUAL BUDGET REVIEW AT BOARD OF DIRECTORS MEETING, THE BOARD ESTABLISHES THE PERCENTAGE SALARY INCREASE FOR ALL EMPLOYEES, USING THE INFORMATION THEY COLLECT TO DETERMINE INCREASES IN THEIR OWN COMPANIES' EMPLOYEES. THE BOARD APPROVES THE ANNUAL BUDGET AND THE APPROVAL IS RECORDED IN THE MINUTES OF THE MEETING.
IRS990ScheduleO/GeneralExplanation/Explanation7THE GOVERNING DOCUMENTS ARE AVAILABLE ON THE OLA WEBSITE. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC BY REQUEST TO THE OLA OFFICE.
IRS990ScheduleO/GeneralExplanation/Explanation8THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN PROGRAM SERVICES
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IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 11
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IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10THE VISION COUNCIL
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0TO PROVIDE INFORMATION AND SERVICES TO THE VISION HEALTH INDUSTRY.
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