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Wisconsin Optometric Association

Not tax-deductible

Madison, WI501(c)(6)EIN 39-0840526Revenue $852K in FY2024

On file with the IRSwoa-eyes.org6510 Grand Teton Plz Ste 312, 53719-1029 · Madison, WITax-exempt since Nov 1937

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A nonprofit affiliate of licensed optometrists and associated businesses dedicated to the preservation and enhancement of the vision welfare of the people of Wisconsin.

Run by 30 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · 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 $66K a year · 8% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
18 mo
of spending, in cash
Looks good: 17.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$327K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$852K
-4% vs prior year
Spent
$801K
Net assets
$1.6M
By yearFY2020–FY2024
Revenue
$852K
FY2024▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$680K
FY2021$750K
FY2022$887K
FY2023$888K
FY2024$852K
Expenses
$801K
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$653K
FY2021$701K
FY2022$803K
FY2023$767K
FY2024$801K
Net assets
$1.6M
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$1.4M
FY2023$1.5M
FY2024$1.6M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1937.

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

Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Ashley Torreano Od
Society President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kyle Ross Od
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Michelle Kwon Od
Director and Society President
$0Pt VII · Sec A
See Wisconsin 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preserves and enhances vision welfare for Wisconsin residents.

Questions for Wisconsin Optometric Association

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Promotes education and public awareness of the optometry profession so as to improve the delivery of vision care through communication and advocacy efforts. We hold 4 education events per year with total attendance of approximately 580 doctors of optometry.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$852K
Ln 12
Fees for servicesLn 2g$783K
Investment incomeLn 3$49K
Other incomeLn 4–11$21K
Money outPt IX
$801K
Ln 25
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.9M
LiabilitiesLn 26$327K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$783K
Investment incomeLn 3$49K
Other incomeLn 4–11$21K
Total revenueLn 12$852K
Assets in detailPt X, end of year
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$750K
Land, buildings, equipmentLn 10c$203
Total assetsLn 16$1.9M
LiabilitiesLn 26$327K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.2M$1.2M
InvestmentsLn 11–13$693K$750K
Land, buildings, equipmentLn 10c$386$203
Total assetsLn 16$1.9M$1.9M
LiabilitiesLn 26$350K$327K
Net assetsLn 32$1.5M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$491K
Legal feesLn 11b$16K
Accounting feesLn 11c$8K
Lobbying feesLn 11d$36K
Office expensesLn 13$28K
TravelLn 17$11K
Conferences, conventions and meetingsLn 19$199K
Depreciation, depletion and amortizationLn 22$183
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$10K
Total functional expensesLn 25$801K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $852K$801K$51K$1.6M 990 PDF
FY2023 $888K$767K$121K$1.5M 990 PDF
FY2022 $887K$803K$84K$1.4M 990 PDF
FY2021 $750K$701K$49K$1.3M 990 PDF
FY2020 $680K$653K$27K$1.3M 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 FY2024 990 (6 parts)
Part I · Summary $852,066 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $826,765$782,734
I-10 Investment incomePrior year $45,453$48,772
I-11 Other revenuePrior year $15,640$20,560
I-12 Total revenuePrior year $887,858$852,066
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $767,119$801,226
I-18 Total expensesPrior year $767,119$801,226
I-19 Revenue less expensesPrior year $120,739$50,840
Part VI · Governance 17 of 17 board members independent, 3 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $852,066 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $782,734$782,734
VIII-3 Investment incomeExcluded from tax $48,772$48,772
VIII-5 RoyaltiesExcluded from tax $14,660$14,660
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,900$5,900
VIII-12 Total revenueRelated to mission $788,634 · Unrelated business $0 · Excluded from tax $63,432$852,066
Part IX · Statement of functional expenses $801,226 across 10 lines filed
IX-11a Management fees$490,745
IX-11b Legal fees$15,731
IX-11c Accounting fees$8,350
IX-11d Lobbying fees$36,000
IX-13 Office expenses$28,495
IX-17 Travel$10,589
IX-19 Conferences, conventions and meetings$198,575
IX-22 Depreciation, depletion and amortization$183
IX-23 Insurance$2,604
IX-24 Other expenses (24a–d)$9,954
IX-25 Total functional expenses$801,226
Part X · Balance sheet $1,939,533 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,189,523$1,188,799
X-4 Accounts receivableStart of year $714$562
X-10c Land, buildings and equipment, netStart of year $386$203
X-11 Publicly traded securitiesStart of year $198,286$225,621
X-12 Other securitiesStart of year $494,912$524,348
X-16 Total assetsStart of year $1,883,821$1,939,533
X-17 Accounts payable and accrued expensesStart of year $230,107$219,853
X-19 Deferred revenueStart of year $119,466$107,257
X-26 Total liabilitiesStart of year $349,573$327,110
X-27 Net assets without donor restrictionsStart of year $1,534,248$1,612,423
X-32 Total net assets or fund balancesStart of year $1,534,248$1,612,423
X-33 Total liabilities and net assetsStart of year $1,883,821$1,939,533
Part XI · Reconciliation of net assets $1,612,423 net assets at year end
XI-1 Total revenue$852,066
XI-2 Total expenses$801,226
XI-3 Revenue less expenses$50,840
XI-4 Net assets at start of year$1,534,248
XI-5 Net unrealized gains (losses) on investments$27,335
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,612,423

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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