Ohio Optometric Foundation INC FY2022 filing

Tax-deductible

Worthington, OH501(c)(3)Human ServicesEIN 03-0504175Revenue $205K in FY2022

On file with the IRSohio.aoa.org/xp422.xml250 E Wilson Bridge Rd Ste 240, 43085-2350 · Worthington, OHTax-exempt since Mar 2003Publicly supported charity — 170(b)(1)(A)(vi)

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To promote public awareness of the importance of a lifetime of comprehensive eye care.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $457K a year · 63% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
34 mo
of spending, in cash
Looks good: 33.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $44
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$75
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$205K
+185% vs prior year
Spent
$114K
To programs
85%
Net assets
$387K
By yearFY2020–FY2024
Revenue
$205K
FY2022▲ +185%
Tap a bar for its year
Revenue by fiscal year
FY2020$11K
FY2021$72K
FY2022$205K
FY2023$46K
FY2024$2.6M
Expenses
$114K
FY2022▲ +343%
Tap a bar for its year
Expenses by fiscal year
FY2020$26K
FY2021Not on file
FY2022$114K
FY2023$167K
FY2024$768K
Net assets
$387K
FY2022▲ +34%
Tap a bar for its year
Net assets by fiscal year
FY2020$304K
FY2021$289K
FY2022$387K
FY2023$269K
FY2024$2.1M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $97K Management & general 13% · $14K Fundraising 2% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mr Keith Kerns’s $194K as Director is at the 88th percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates the public on the lifelong importance of thorough eye care.

Questions for Ohio Optometric Foundation INC

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Provided by the organization

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1 program · $97K · in their own filed words · FY2022
01

The I-see program is a volunteer program organized by the ohio optometric foundation (oof) as an in-school eye exam program. I-see serves grade school students by providing free exams and eye glasses for those in need. Oof has committed to contribute 209,500 over a three year period toward the isee with vision to learn program.

$97Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$44
Grants paid · 2 grants · $160K · 2022–2023
Vision to LearnCA · FY2023$80,050
Vision to LearnCA · FY2022$79,750

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$205K
Ln 12
Gifts and grantsLn 1h$205K
Investment incomeLn 3$264
Money outPt IX
$114K
Ln 25
Programscol B$97K
Managementcol C$14K
Fundraisingcol D$3K
Owns and owesPt X
$387K
net assets · Ln 32
Cash and savingsLn 1–2$319K
Total assetsLn 16$387K
LiabilitiesLn 26$75
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$205K
Fundraising eventsLn 1c$62K
Investment incomeLn 3$264
Total revenueLn 12$205K
Assets in detailPt X, end of year
CashLn 1$246K
SavingsLn 2$73K
Cash and savings togetherLn 1–2$319K
Land, buildings, equipmentLn 10c$30K
Other assetsLn 15$37K
Total assetsLn 16$387K
LiabilitiesLn 26$75
Net assetsLn 32$387K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$240K$319K
Land, buildings, equipmentLn 10c$37K$30K
Total assetsLn 16$307K$387K
LiabilitiesLn 26$19K$75
Net assetsLn 32$289K$387K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$80K$80K
Management feesLn 11a$15K$9K$5K$2K
Accounting feesLn 11c$3K$3K
Office expensesLn 13$3K$3K
Depreciation, depletion and amortizationLn 22$6K$4K$2K$666
Other expenses (24a–d)Ln 24$6K$4K$1K$350
All other expensesLn 24e$158$53$105
Total functional expensesLn 25$114K$97K$14K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.6M$768K$1.9M$2.1M 990 PDF
FY2023 $46K$167K−$121K$269K 990 PDF
FY2022 Viewing $205K$114K$91K$387K 990 PDF
FY2021 $72K$289K 990 PDF
FY2020 $11K$26K−$15K$304K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $204,918 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $68,688$204,654
I-9 Program service revenue$0
I-10 Investment incomePrior year $3,531$264
I-11 Other revenuePrior year −$292$0
I-12 Total revenuePrior year $71,927$204,918
I-13 Grants and similar amounts paidPrior year $50,000$79,750
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $37,255$33,853
I-18 Total expensesPrior year $87,255$113,603
I-19 Revenue less expensesPrior year −$15,328$91,315
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $204,918 across 5 lines filed
VIII-1c Fundraising events$62,083
VIII-1f All other contributions, gifts and grants$142,571
VIII-1h Total contributions, gifts and grants$204,654
VIII-3 Investment incomeExcluded from tax $264$264
VIII-12 Total revenueExcluded from tax $264$204,918
Part IX · Statement of functional expenses $113,603 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $79,750$79,750
IX-11a Management feesPrograms $8,824 · Management $4,632 · Fundraising $1,544$15,000
IX-11c Accounting feesManagement $2,925$2,925
IX-13 Office expensesManagement $3,321$3,321
IX-22 Depreciation, depletion and amortizationPrograms $3,809 · Management $1,999 · Fundraising $666$6,474
IX-24 Other expenses (24a–d)Programs $4,269 · Management $1,356 · Fundraising $350$5,975
IX-24e All other expensesPrograms $53 · Management $105$158
IX-25 Total functional expensesPrograms $96,705 · Management $14,338 · Fundraising $2,560$113,603
Part X · Balance sheet $386,638 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $87,271$246,135
X-2 Savings and temporary cash investmentsStart of year $152,460$73,016
X-10c Land, buildings and equipment, netStart of year $36,682$30,207
X-15 Other assetsStart of year $31,020$37,280
X-16 Total assetsStart of year $307,433$386,638
X-17 Accounts payable and accrued expensesStart of year $18,509$75
X-26 Total liabilitiesStart of year $18,509$75
X-27 Net assets without donor restrictionsStart of year $288,924$386,563
X-32 Total net assets or fund balancesStart of year $288,924$386,563
X-33 Total liabilities and net assetsStart of year $307,433$386,638
Part XI · Reconciliation of net assets $386,563 net assets at year end
XI-1 Total revenue$204,918
XI-2 Total expenses$113,603
XI-3 Revenue less expenses$91,315
XI-4 Net assets at start of year$288,924
XI-5 Net unrealized gains (losses) on investments$6,324
XI-10 Net assets at end of year$386,563

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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