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Rhode Island Optometric Association FY2022 filing

Not tax-deductible

Cumberland, RI501(c)(6)Since 1949Mutual / membership EIN 05-0302254Revenue $299K in FY2022

On file with the IRSrioa.org8 Valley Stream Dr, 02864-5045 · Cumberland, RITax-exempt since Oct 1964

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Conventions and seminars were developed to provide continuing education to all members. Continuing education is necessary to fulfill the state's licensure requirements and to maintain professional competancy in the profession of optometry. The rioa also provides information and guidance to its members regarding laws, rules and regulations that may affect its members and consults with its members when input is needed to form positions and policy. As with any healthcare field, state and federal issues can impact its members and its members need to be kept abreast of such things. The rioa is also affiliated with its national organizaiton, the aoa, which provides national level information, group benefits, and regional education seminars. Finally the rioa provides information to its members regarding insurance carrier and billing issues as they frequently change.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$81K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $18K a year · 7% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$81K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Plus $170K in investments, Pt X · Ln 11–13
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$299K
+12% vs prior year
Spent
$286K
Net assets
$209K
By yearFY2020–FY2025
Revenue
$299K
FY2022▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$246K
FY2021$267K
FY2022$299K
FY2023$300K
FY2024$338K
FY2025$220K
Expenses
$286K
FY2022▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$232K
FY2021$256K
FY2022$286K
FY2023$281K
FY2024$290K
FY2025$216K
Net assets
$209K
FY2022▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$207K
FY2021$229K
FY2022$209K
FY2023$234K
FY2024$286K
FY2025$295K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1964.

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

Who runs it and what they're paid

16 people listed on the 990; $81K paid to officers and key staff.

Part VII, Section A · reportable compensation
Tim Bonin
Executive Director
$80,983Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Robert Parks
Immediate Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
Amy Falk
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Kriti Bhagat
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tim Bonin$88,132$86,409$80,715$80,983$75,066$60,177

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Rhode Island Optometric Association executive salaries →

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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

Offers continuing education, guidance on laws, and advocacy for optometrists.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Conventions and seminars were developed to provide continuing education to all members. Continuing education is necessary to fulfill the state's licensure requirements and to maintain professional competancy in the profession of optometry.

Pt IX · col B

Funders

Who pays for it.

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

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$299K
Ln 12
Gifts and grantsLn 1h$217K
Fees for servicesLn 2g$69K
Investment incomeLn 3$10K
Money outPt IX
$286K
Ln 25
Owns and owesPt X
$209K
net assets · Ln 32
Cash and savingsLn 1–2$35K
Total assetsLn 16$209K
LiabilitiesLn 26$0
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$217K
Fees for servicesLn 2g$69K
Investment incomeLn 3$10K
Other incomeLn 4–11$3K
Total revenueLn 12$299K
Assets in detailPt X, end of year
CashLn 1$23K
SavingsLn 2$12K
Cash and savings togetherLn 1–2$35K
InvestmentsLn 11–13$170K
Total assetsLn 16$209K
LiabilitiesLn 26$0
Net assetsLn 32$209K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$31K$35K
InvestmentsLn 11–13$193K$170K
Total assetsLn 16$229K$209K
LiabilitiesLn 26$0$0
Net assetsLn 32$229K$209K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$81K
Accounting feesLn 11c$1K
Lobbying feesLn 11d$48K
Office expensesLn 13$299
Information technologyLn 14$2K
TravelLn 17$3K
Conferences, conventions and meetingsLn 19$11K
InsuranceLn 23$1K
Other expenses (24a–d)Ln 24$135K
All other expensesLn 24e$3K
Total functional expensesLn 25$286K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $220K$216K$4K$295K 990 PDF
FY2024 $338K$290K$48K$286K 990 PDF
FY2023 $300K$281K$19K$234K 990 PDF
FY2022 Viewing $299K$286K$13K$209K 990 PDF
FY2021 $267K$256K$11K$229K 990 PDF
FY2020 $246K$232K$14K$207K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $298,863 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $202,749$216,661
I-9 Program service revenuePrior year $49,772$68,805
I-10 Investment incomePrior year $12,212$10,070
I-11 Other revenuePrior year $1,904$3,327
I-12 Total revenuePrior year $266,637$298,863
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $75,066$80,983
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $180,506$204,531
I-18 Total expensesPrior year $255,572$285,514
I-19 Revenue less expensesPrior year $11,065$13,349
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $298,863 across 7 lines filed
VIII-1b Membership dues$211,411
VIII-1f All other contributions, gifts and grants$5,250
VIII-1h Total contributions, gifts and grants$216,661
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $68,805$68,805
VIII-3 Investment incomeExcluded from tax $10,070$10,070
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,327$3,327
VIII-12 Total revenueRelated to mission $72,132 · Unrelated business $0 · Excluded from tax $10,070$298,863
Part IX · Statement of functional expenses $285,514 across 10 lines filed
IX-5 Pay of current officers, directors and key staff$80,983
IX-11c Accounting fees$1,400
IX-11d Lobbying fees$48,000
IX-13 Office expenses$299
IX-14 Information technology$2,233
IX-17 Travel$2,674
IX-19 Conferences, conventions and meetings$11,011
IX-23 Insurance$1,484
IX-24 Other expenses (24a–d)$134,674
IX-24e All other expenses$2,756
IX-25 Total functional expenses$285,514
Part X · Balance sheet $209,493 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $19,456$23,134
X-2 Savings and temporary cash investmentsStart of year $11,719$11,721
X-4 Accounts receivableStart of year $4,661$4,661
X-11 Publicly traded securitiesStart of year $193,323$169,977
X-16 Total assetsStart of year $229,159$209,493
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $229,159$209,493
X-32 Total net assets or fund balancesStart of year $229,159$209,493
X-33 Total liabilities and net assetsStart of year $229,159$209,493
Part XI · Reconciliation of net assets $209,493 net assets at year end
XI-1 Total revenue$298,863
XI-2 Total expenses$285,514
XI-3 Revenue less expenses$13,349
XI-4 Net assets at start of year$229,159
XI-5 Net unrealized gains (losses) on investments−$33,415
XI-8 Prior period adjustments$400
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$209,493

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

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