American Optometric Foundation Inc

“Prior to being filed, the form 990 was reviewed by the finance committee and presented to the full board of directors.”

“The american optometric foundation follows the conflict of interest policy of the american academy of optometry. The organization's conflict of interest policy applies to all board members, officers, staff and contractors. When a potential or actual conflict arises, the individual with the conflict is required to notify the board of directors of the conflict, abstain from any discussion of the transaction, and abstain from voting on the transaction. The executive director and the executive assistant oversee the procedure and all board members and officers are required to complete a new disclosure form every two years. The executive director and executive assistant oversee these procedures.”

“The executive director's compensation is determined by the american academy of optometry, a related organization. A performance evaluation is conducted annually 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 processed last occurred in 2016.”

“The foundation's governing documents, conflict of interest policy and financial statements are available upon request.”

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

“Fees for other services: program service expenses 99,528. Management and general expenses 27,144. Fundraising expenses 54,288. Total expenses 180,960.”

“Oversight of audit and selection of independent accountant the board of directors of the american academy of optometry (a related organization) is responsible for the annual selection, monitoring and evaluation of an independent audit firm and oversight of the audit of its financial statements. This process last occurred in 2015 and there was no change in this process from the prior year.”