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Illinois Optometric Association FY2020 filing

Not tax-deductible

Springfield, IL501(c)(6)EIN 36-2586242Revenue $929K in FY2020

On file with the IRSioaweb.org304 W Washington St, 62701-1119 · Springfield, ILTax-exempt since May 1943

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To improve the eye care/vision care and health of the public and to promote the art and science of the profession of optometry.

$121K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · 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
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
5 of 5
filings with a surplus
Average surplus $294K a year · 24% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$121K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$444K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 27 voting members
Looks good: 27 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$929K
Spent
$707K
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$929K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$929K
FY2021$1.4M
FY2022$1.2M
FY2023$1.4M
FY2024$1.3M
Expenses
$707K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$707K
FY2021$660K
FY2022$902K
FY2023$1.4M
FY2024$1.2M
Net assets
$1.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.5M
FY2022$2.6M
FY2023$2.8M
FY2024$3.0M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 May 1943.

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

Who runs it and what they're paid

28 people listed on the 990; $121K paid to officers and key staff.

Part VII, Section A · reportable compensation
Leigh Ann Vanausdoll
Executive Director
$120,630Pt VII · Sec A
$0Pt VII · Sec A
Sam Forzley Od
Secretary/Treasurer
$0Pt VII · Sec A
Tim Cundiff Od
President-Elect
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Leigh Ann Vanausdoll$154,977$149,014$135,102$129,159$120,630

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 Illinois 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 15aYes

Programs and updates

Improves public eye care and health, promoting optometry's art and science.

Questions for Illinois Optometric Association

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Provided by the organization

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3 programs · in their own filed words · FY2020
01

Continuing Education

To promote and direct post- graduate optometric education among the members of the association by providing the educational programs to members.

Pt IX · col B
02

Ioa Journal for Members

To promote the profession of optometry and to provide clinical technical information of the highest caliber to members.

Pt IX · col B
03

Annual Convention

To bring members together in the optometry profession and to provide members with the latest developments in the profession.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$929K
Ln 12
Fees for servicesLn 2g$800K
Other incomeLn 4–11$77K
Investment incomeLn 3$40K
Money outPt IX
$707K
Ln 25
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$359K
Total assetsLn 16$2.3M
LiabilitiesLn 26$444K
PeoplePt VI, VII
28
listed · VII A
PaidVII A1
Voting boardVI 1a27
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12K
Fees for servicesLn 2g$800K
Investment incomeLn 3$40K
Other incomeLn 4–11$77K
Total revenueLn 12$929K
Assets in detailPt X, end of year
SavingsLn 2$359K
Cash and savings togetherLn 1–2$359K
InvestmentsLn 11–13$1.4M
Land, buildings, equipmentLn 10c$482K
Total assetsLn 16$2.3M
LiabilitiesLn 26$444K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 55
VolunteersI 670
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 FY20End FY20
Cash and savingsLn 1–2$549K$359K
InvestmentsLn 11–13$1.2M$1.4M
Land, buildings, equipmentLn 10c$334K$482K
Total assetsLn 16$2.1M$2.3M
LiabilitiesLn 26$624K$444K
Net assetsLn 32$1.5M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$121K
Other salaries and wagesLn 7$148K
Pension plan contributionsLn 8$13K
Other employee benefitsLn 9$24K
Payroll taxesLn 10$26K
Other fees for servicesLn 11g$11K
Office expensesLn 13$3K
Information technologyLn 14$3K
OccupancyLn 16$9K
TravelLn 17$20
Conferences, conventions and meetingsLn 19$920
Depreciation, depletion and amortizationLn 22$14K
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$271K
All other expensesLn 24e$60K
Total functional expensesLn 25$707K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$1.2M$186K$3.0M 990 PDF
FY2023 $1.4M$1.4M$59K$2.8M 990 PDF
FY2022 $1.2M$902K$305K$2.6M 990 PDF
FY2021 $1.4M$660K$698K$2.5M 990 PDF
FY2020 Viewing $929K$707K$221K$1.8M 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 FY2020 990 (6 parts)
Part I · Summary $928,900 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,400$12,413
I-9 Program service revenuePrior year $1,067,346$799,991
I-10 Investment incomePrior year $52,215$39,653
I-11 Other revenuePrior year $34,810$76,843
I-12 Total revenuePrior year $1,159,771$928,900
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 $318,821$331,452
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $699,870$375,975
I-18 Total expensesPrior year $1,018,691$707,427
I-19 Revenue less expensesPrior year $141,080$221,473
Part VI · Governance 27 of 27 board members independent, no flags
VI-1a Voting members of the governing body27
VI-1b Independent voting members27
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $928,900 across 8 lines filed
VIII-1f All other contributions, gifts and grants$12,413
VIII-1h Total contributions, gifts and grants$12,413
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $729,042 · Excluded from tax $70,949$799,991
VIII-3 Investment incomeExcluded from tax $39,653$39,653
VIII-5 RoyaltiesExcluded from tax $11,691$11,691
VIII-6 Net rental income or lossUnrelated business $10,522$10,522
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $52,000 · Unrelated business $2,630$54,630
VIII-12 Total revenueRelated to mission $781,042 · Unrelated business $13,152 · Excluded from tax $122,293$928,900
Part IX · Statement of functional expenses $707,427 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$120,630
IX-7 Other salaries and wages$147,552
IX-8 Pension plan contributions$12,842
IX-9 Other employee benefits$24,062
IX-10 Payroll taxes$26,366
IX-11g Other fees for services$10,998
IX-13 Office expenses$2,987
IX-14 Information technology$3,074
IX-16 Occupancy$8,923
IX-17 Travel$20
IX-19 Conferences, conventions and meetings$920
IX-22 Depreciation, depletion and amortization$13,538
IX-23 Insurance$4,984
IX-24 Other expenses (24a–d)$271,014
IX-24e All other expenses$59,517
IX-25 Total functional expenses$707,427
Part X · Balance sheet $2,262,864 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $549,093$359,419
X-4 Accounts receivableStart of year $5,050$0
X-9 Prepaid expenses and deferred chargesStart of year $47,723$21,929
X-10c Land, buildings and equipment, netStart of year $333,696$481,877
X-12 Other securitiesStart of year $1,193,811$1,399,639
X-16 Total assetsStart of year $2,129,373$2,262,864
X-17 Accounts payable and accrued expensesStart of year $371,710$302,776
X-19 Deferred revenueStart of year $252,508$141,492
X-26 Total liabilitiesStart of year $624,218$444,268
X-27 Net assets without donor restrictionsStart of year $1,488,153$1,801,594
X-28 Net assets with donor restrictionsStart of year $17,002$17,002
X-32 Total net assets or fund balancesStart of year $1,505,155$1,818,596
X-33 Total liabilities and net assetsStart of year $2,129,373$2,262,864
Part XI · Reconciliation of net assets $1,818,596 net assets at year end
XI-1 Total revenue$928,900
XI-2 Total expenses$707,427
XI-3 Revenue less expenses$221,473
XI-4 Net assets at start of year$1,505,155
XI-5 Net unrealized gains (losses) on investments$91,968
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,818,596

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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