Civic Intelligence

American Academy of Optometry Inc

EIN 41-1227642 • 501(c)3 • Orlando, FL

Profile

To maintain and enhance excellence in optometric practice.

2909 Fairgreen StreetOrlando, FL 32803

www.aaoptom.org

Siviq Scores

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

Liabilities / Assets

56th percentile

0.23x

Higher debt load relative to assets than 56% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

0.33x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

25th percentile

-4.2%

Higher net margin than 25% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

70th percentile

$256,420

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

42nd percentile

2.2%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

-0.1%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$12,371,354

Up $263,808 (+2.2%) from 2023

Liabilities

Down

$2,833,721

Down $52,155 (-1.8%) from 2023

Net Assets

Up

$9,537,633

Up $315,963 (+3.4%) from 2023

Revenue

Down

$8,559,259

Down $4,312 (-0.1%) from 2023

Expenses

Down

$8,919,175

Down $1,014,229 (-10%) from 2023

Net Income

Up

-$359,916

Up $1,009,917 (+74%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $6,423,944Liabilities 2011: $1,381,220Net Assets 2011: $5,042,7242011Assets 2012: $6,508,572Liabilities 2012: $1,707,217Net Assets 2012: $4,801,3552012Assets 2013: $7,389,392Liabilities 2013: $1,680,514Net Assets 2013: $5,708,8782013Assets 2014: $7,880,779Liabilities 2014: $1,454,474Net Assets 2014: $6,426,3052014Assets 2015: $8,659,016Liabilities 2015: $1,880,530Net Assets 2015: $6,778,4862015Assets 2016: $9,029,017Liabilities 2016: $2,027,062Net Assets 2016: $7,001,9552016Assets 2017: $10,995,042Liabilities 2017: $2,288,202Net Assets 2017: $8,706,8402017Assets 2018: $11,912,390Liabilities 2018: $2,306,183Net Assets 2018: $9,606,2072018Assets 2019: $12,504,586Liabilities 2019: $2,291,184Net Assets 2019: $10,213,4022019Assets 2020: $11,842,833Liabilities 2020: $2,002,836Net Assets 2020: $9,839,9972020Assets 2021: $14,902,032Liabilities 2021: $2,380,784Net Assets 2021: $12,521,2482021Assets 2022: $12,994,483Liabilities 2022: $2,575,210Net Assets 2022: $10,419,2732022Assets 2023: $12,107,546Liabilities 2023: $2,885,876Net Assets 2023: $9,221,6702023Assets 2024: $12,371,354Liabilities 2024: $2,833,721Net Assets 2024: $9,537,6332024

Highlighted filing

2024

Assets$12,371,354
Liabilities$2,833,721
Net Assets$9,537,633

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $3,754,9192011Revenue 2012: $4,570,475Expenses 2012: $4,347,428Net Income 2012: $223,0472012Revenue 2013: $4,912,713Expenses 2013: $4,420,263Net Income 2013: $492,4502013Revenue 2014: $5,096,737Expenses 2014: $4,844,867Net Income 2014: $251,8702014Revenue 2015: $6,172,333Expenses 2015: $5,118,077Net Income 2015: $1,054,2562015Revenue 2016: $6,424,330Expenses 2016: $5,821,512Net Income 2016: $602,8182016Revenue 2017: $6,901,528Expenses 2017: $5,951,695Net Income 2017: $949,8332017Revenue 2018: $7,146,680Expenses 2018: $6,294,839Net Income 2018: $851,8412018Revenue 2019: $7,541,034Expenses 2019: $6,968,370Net Income 2019: $572,6642019Revenue 2020: $7,328,529Expenses 2020: $7,333,105Net Income 2020: -$4,5762020Revenue 2021: $5,718,664Expenses 2021: $4,955,632Net Income 2021: $763,0322021Revenue 2022: $8,270,170Expenses 2022: $8,039,565Net Income 2022: $230,6052022Revenue 2023: $8,563,571Expenses 2023: $9,933,404Net Income 2023: -$1,369,8332023Revenue 2024: $8,559,259Expenses 2024: $8,919,175Net Income 2024: -$359,9162024

Highlighted filing

2024

Revenue$8,559,259
Expenses$8,919,175
Net Income-$359,916

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.4$2.83$9.54$8.56$8.92$0.36
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.1$2.89$9.22$8.56$9.93$1.37
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$13.0$2.58$10.4$8.27$8.04$0.23
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.9$2.38$12.5$5.72$4.96$0.76
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.8$2.00$9.84$7.33$7.33$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.5$2.29$10.2$7.54$6.97$0.57
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$2.31$9.61$7.15$6.29$0.85
2017Detailed filing. Detailed filing data is available for this year.$11.0$2.29$8.71$6.90$5.95$0.95
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.03$2.03$7.00$6.42$5.82$0.60
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.66$1.88$6.78$6.17$5.12$1.05
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.88$1.45$6.43$5.10$4.84$0.25
2013Summary only. Only limited summary data is available for this year.$7.39$1.68$5.71$4.91$4.42$0.49
2012Summary only. Only limited summary data is available for this year.$6.51$1.71$4.80$4.57$4.35$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.42$1.38$5.04$3.75
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2017 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 11, 2018
Return Version
2016v3.0
Gross Receipts
$6,938,730
Mission and Program Overview

Mission

To maintain and enhance excellence in optometric practice.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,642,832$8,318,782▲ $1,675,950
Land, Buildings, and Equipment, Net$1,085,009$1,127,987▲ $42,978
Cash and Non-Interest-Bearing Accounts$689,851$988,046▲ $298,195
Prepaid Expenses and Deferred Charges$493,745$487,068▼ $6,677
Pledges and Grants Receivable$96,008$25,272▼ $70,736
Total Assets$9,029,017$10,995,042▲ $1,966,025
Other Assets Total$21,572$47,887▲ $26,315
Liabilities
Deferred Revenue$1,681,456$1,998,416▲ $316,960
Other Liabilities$212,465$152,082▼ $60,383
Accounts Payable and Accrued Expenses$133,141$137,704▲ $4,563
Total Liabilities$2,027,062$2,288,202▲ $261,140
Net Assets / Fund Balance
Unrestricted Net Assets$6,132,229$7,528,503▲ $1,396,274
Temporarily Rstr Net Assets$596,461$668,794▲ $72,333
Permanently Rstr Net Assets$273,265$509,543▲ $236,278
Total Net Assets Fund Balance$7,001,955$8,706,840▲ $1,704,885
Total Liabilities and Net Assets / Fund Balance$9,029,017$10,995,042▲ $1,966,025

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$628,203$94,797$723,000
Equipment$291,359$367,250$658,609
Land$208,425-$208,425

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$420,990$234,192▲ $55,183-$696,690
2016$444,057$-472▼ $3,389-$420,990
2015$419,004$27,300▲ $11,507-$444,057
2014$360,305-▲ $71,135-$419,004
2013$264,363$21,437▲ $86,755-$360,305
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lois SchoenbrunExecutive DirectorPT$192,120$38,709$230,829
Richard JonesSenior Director, Finance & AdministrationPT$133,443$22,125$155,568
Richard JonesSenior Director, Finance & Administr-$131,641$23,927$155,568
Helen ViksninsSenior Director, ProgramsFT$110,061$21,127$131,188
Maureen DimontDevelopment Director-$112,122$4,080$116,202

Board Members and Trustees

NameTitle
Brett G BenceImmediate Past-president
Joseph ShovlinPresident
Barbara CafferyPresident-elect
Bernard DolanBoard Member
Carl SpearBoard Member
Jeffrey WallineBoard Member
Pete KollbaumBoard Member
Susan CotterBoard Member
Timothy McmahonSecretary-treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Tradeshow LogicEvent And Meeting Management1720 MARS HILL ROAD SUITE 8-100, Acworth, GA 30101$952,753
Wolters Kluwer Health INCWeb Design/hosting16705 COLLECTION CENTER DRIVE, Chicago, IL 60693$365,488
Aramark ServicesCatering ServicesPO BOX 978839, Dallas, TX 75397$316,259
Anaheim Convention CenterMeeting Space800 WEST KATELLA AVENUE, Anaheim, CA 92802$143,156
Tray INCPrinting And Mailing ServicesPO BOX 1360, Glen Burnie, MD 21061$113,457
Revenue and Support

Revenue Composition

Contributions and Grants
$466,847
Program Service Revenue
$6,051,787
Investment Income
$217,775
Other Revenue
$165,119
All Other Contributions
$466,847
Change in Net Assets
$949,833
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,393,432
Salaries, Compensation, and Employee Benefits$1,177,890
Grants and Similar Amounts Paid$380,373
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$2,497,139--$2,497,139
Other Salaries and Wages$488,165$95,802-$583,967
Current Officers, Directors, Trustees, and Key Employees$188,178$204,508-$392,686
Travel$185,500$88,174-$273,674
Grants to Domestic Orgs$269,123--$269,123
Office Expenses$239,578$29,357-$268,935
Information Technology$219,479$31,469-$250,948
Advertising$123,878--$123,878
Depreciation Depletion$85,313$33,123-$118,436
Grants to Domestic Individuals$90,500--$90,500
Payroll Taxes$55,500$23,145-$78,645
Other Employee Benefits$58,796$14,768-$73,564
Pension Plan Contributions$40,596$8,432-$49,028
Insurance$35,935$11,212-$47,147
Occupancy$24,155$19,874-$44,029
Fees for Service Investment Mgmnt Fees-$33,137-$33,137
Other Expenses$29,769$13,500-$29,769
Fees for Services Other$25,527$1,611-$27,138
All Other Expenses$22,665--$22,665
Foreign Grants$20,750--$20,750
Fees for Services Accounting-$17,110-$17,110
Fees for Services Legal-$13,121-$13,121
Total Functional Expenses$5,299,494$652,201$0$5,951,695
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
American Academy of Optometry FoundationOrlando, FL501(c)(3)Staffing Support$119,123
AKRON'S CHILDREN HOSPITALAkron, OH-Clinical Research Award$100,000
The New England College of OptometryBoston, MA-Career Development Award$50,000

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$147,635
Due to Aaof$3,527
Due to Afos$920
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The academy's membership consists of fellows (including honorary fellows, emeritus fellows, and life fellows), candidates for fellowship, and student members. The fellows constitute the voting members of the academy.

Form 990, Part VI, Section A, Line 7A

The officers and at-large members of the academy's board of directors are elected by the voting members at the annual meeting.

Form 990, Part VI, Section A, Line 7B

Amendments to the academy's governing documents must be ratified by a two-thirds vote of those voting members present, provided a quorum is present.

Form 990, Part VI, Section B, Line 11B

The finance committee reviews the form 990 and presents it to the full board of directors prior to it being filed with the irs.

Form 990, Part VI, Section B, Line 12C

When any interest on the part of a board of directors member, committee member or section officer, or the executive director, or other staff member, or a member of their immediate family, poses a conflict or an appearance of a conflict with the individual's aao responsibilities, the board member, committee member or section officer, or executive director will: promptly call the conflict or appearance of conflict to the attention of the board members who are participating in or voting on the issue which poses the possible conflict and abstain from participation in or voting on the issue. The official minutes of any meeting at which a disclosure of conflict was made will note that fact and that the board member, committee or section officer, or executive director abstained from any participation in the issue. Each member of the board of directors, committee member and section officers, and the academy staff will complete and return a confidential "conflict of interest disclosure form" to the academy office every two years, where it will be maintained in a confidential file available for review only if a challenge is raised.

Form 990, Part VI, Section B, Line 15A

A performance evaluation is conducted annually with the board of directors. The evaluation is conducted using a 360-degree evaluation by staff, committees and section officers, as well as the board. The management committee makes a recommendation to the board, taking into account a review of comparable salaries, provided in salary surveys of not-for-profits. The board reviews the management committee's recommendation. The decision/approval is documented in the minutes and in the executive director contract. This process last occured in 2017.

Form 990, Part VI, Section C, Line 19

The academy makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Form 990, Part VII, Section A

Allocation of time between related organizations: lois schoenbrun is the executive director of american academy of optometry and of american academy of optometry foundation, a related organization. Her average weekly hours spent working for each organization are: american academy of optometry - 32 hours per week american academy of optometry foundation - 8 hours per week richard jones is the senior director of finance and administration of american academy of optometry and of american academy of optometry foundation, a related organization. His average weekly hours spent working for each organization are: american academy of optometry - 28 hours per week american academy of optometry foundation - 12 hours per week jeffrey walline is a board member of american academy of optometry and of american academy of optometry foundation, a related organization. His average weekly hours spent working for each organization are: american academy of optometry - 10 hours per week american academy of optometry foundation - 5 hours per week pete kollbaum is a board member of american academy of optometry and of american academy of optometry foundation, a related organization. His average weekly hours spent working for each organization are: american academy of optometry - 10 hours per week american academy of optometry foundation - 5 hours per week

Form 990, Part VII, Section A

Compensation to board members: board members receive a direct reimbursement of travel expenses and no longer receive a stipend for expenses.

Filing and Contact Details

Filer

Filer Name
American Academy of Optometry Inc
EIN
41-1227642
Phone
3213194860
Address
2909 FAIRGREEN STREET, ORLANDO, FL 32803

Signing Officer

Name
Lois Schoenbrun
Title
Executive Director
Phone
3213194860
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lois Schoenbrun
Formed
1929
Legal Domicile
Dc
Voting Board Members
8
Independent Board Members
8
Employees
16
Volunteers
319

Preparer

Firm
Cliftonlarsonallen Llp
Address
420 SOUTH ORANGE AVENUE SUITE 500, ORLANDO, FL 32801
Preparer
Amy Chapman
Phone
4078021200
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The academy's endowment funds were established for the purposes of providing income to support specific activities.

Raw XML AppendixShowing 400 of 786 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0137704
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO MAINTAIN AND ENHANCE EXCELLENCE IN OPTOMETRIC PRACTICE.
IRS990/AdvertisingGrp/ProgramServicesAmt0123878
IRS990/AdvertisingGrp/TotalAmt0123878
IRS990/AllOtherContributionsAmt0466847
IRS990/AllOtherExpensesGrp/ProgramServicesAmt022665
IRS990/AllOtherExpensesGrp/TotalAmt022665
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0RICH JONES
IRS990/BooksInCareOfDetail/PhoneNum03213194860
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02909 FAIRGREEN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0ORLANDO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd032803
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IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt06
IRS990/CollectionsOfArtInd00
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IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0392686
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt02497139
IRS990/ConferencesMeetingsGrp/TotalAmt02497139
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0TRADESHOW LOGIC
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IRS990/CYInvestmentIncomeAmt0217775
IRS990/CYOtherExpensesAmt04393432
IRS990/CYOtherRevenueAmt0165119
IRS990/CYProgramServiceRevenueAmt06051787
IRS990/CYRevenuesLessExpensesAmt0949833
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IRS990/CYTotalExpensesAmt05951695
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IRS990/Desc0ANNUAL 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 250 COURSES AND PROMOTES KNOWLEDGE ON ALL ASPECTS OF THE OPTOMETRY PRACTICE.
IRS990/DescribedInSection501c3Ind01
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IRS990/DonorAdvisedFundInd00
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IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt017110
IRS990/FeesForServicesAccountingGrp/TotalAmt017110
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt013121
IRS990/FeesForServicesLegalGrp/TotalAmt013121
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IRS990/FeesForServicesOtherGrp/ProgramServicesAmt025527
IRS990/FeesForServicesOtherGrp/TotalAmt027138
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IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt033137
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