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Nebraska Optometric Association INC

Not tax-deductible

Lincoln, NE501(c)(6)Mutual / membership EIN 47-0483133Revenue $859K in FY2024

On file with the IRSnebraska.aoa.org3901 Normal Blvd Ste 100, 68506-5200 · Lincoln, NETax-exempt since Apr 1949

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To improve the quality, availability and accessibility of eye and vision care in Nebraska; to represent the Optometric profession to government, third parties, and the public; to assist members in conducting their practices successfully in accordance with the highest standards of patient care and efficiency; to develop a sense of community among members, thereby creating commitment to the profession of optometry.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
56¢ of each $1 spent went to programs.
Run by 15 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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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
3 of 5
filings with a surplus
Average deficit $8K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Plus $265K in investments, Pt X · Ln 11–13
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$42K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$859K
-2% vs prior year
Spent
$855K
To programs
56%
Net assets
$373K
By yearFY2020–FY2024
Revenue
$859K
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$694K
FY2021$701K
FY2022$812K
FY2023$875K
FY2024$859K
Expenses
$855K
FY2024▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$684K
FY2021$716K
FY2022$880K
FY2023$845K
FY2024$855K
Net assets
$373K
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$441K
FY2021$429K
FY2022$268K
FY2023$363K
FY2024$373K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1949.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $479K Management & general 44% · $376K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Chris Rupp Od
Secretary/Tr
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kristin Reed Od
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
See Nebraska Optometric Association INC 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 eye care access and quality in Nebraska, supports optometrists, and promotes the profession.

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Provided by the organization

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2 programs · in their own filed words · FY2024
01

Seminars, conferences, meetings and publications to disperse information to the members for the advancement of the profession of optometry

Pt IX · col B
02

Lobbying and various other services for the profession

Pt IX · col B

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 · FY2020
Heart of America Contact Lens Society INCFY2020$3K
Total grants receivedfrom 1 funder$3K
Grants paid · 5 grants · $132K · 2020–2024
Ne Foundation for Children's VisionNE · FY2024$11,773
Ne Foundation for Children's VisionNE · FY2023$16,722
Ne Foundation for Children's VisionNE · FY2022$13,531
Ne Foundation for Children's VisionNE · FY2021$45,525
Ne Foundation for Children's VisionNE · FY2020$44,102

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$859K
Ln 12
Fees for servicesLn 2g$806K
Investment incomeLn 3$22K
Other incomeLn 4–11$19K
Money outPt IX
$855K
Ln 25
Programscol B$479K
Managementcol C$376K
Owns and owesPt X
$373K
net assets · Ln 32
Cash and savingsLn 1–2$149K
Total assetsLn 16$415K
LiabilitiesLn 26$42K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13K
Fees for servicesLn 2g$806K
Investment incomeLn 3$22K
Other incomeLn 4–11$19K
Gains on assetsLn 7$14K
Total revenueLn 12$859K
Assets in detailPt X, end of year
CashLn 1$36K
SavingsLn 2$113K
Cash and savings togetherLn 1–2$149K
InvestmentsLn 11–13$265K
Total assetsLn 16$415K
LiabilitiesLn 26$42K
Net assetsLn 32$373K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
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 FY24End FY24
Cash and savingsLn 1–2$234K$149K
InvestmentsLn 11–13$281K$265K
Total assetsLn 16$520K$415K
LiabilitiesLn 26$157K$42K
Net assetsLn 32$363K$373K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K$12K
Management feesLn 11a$262K$262K
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$42K$42K
Investment management feesLn 11f$81$81
Other fees for servicesLn 11g$35K$35K
Advertising and promotionLn 12$102K$102K
Office expensesLn 13$20K$20K
Information technologyLn 14$3K$3K
Conferences, conventions and meetingsLn 19$143K$143K
Payments to affiliatesLn 21$203K$203K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$27K$17K$10K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$855K$479K$376K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $859K$855K$4K$373K 990 PDF
FY2023 $875K$845K$30K$363K 990 PDF
FY2022 $812K$880K−$68K$268K 990 PDF
FY2021 $701K$716K−$15K$429K 990 PDF
FY2020 $694K$684K$10K$441K 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 FY2024 990 (6 parts)
Part I · Summary $858,997 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $18,153$13,151
I-9 Program service revenuePrior year $810,160$805,684
I-10 Investment incomePrior year $16,914$21,580
I-11 Other revenuePrior year $30,000$18,582
I-12 Total revenuePrior year $875,227$858,997
I-13 Grants and similar amounts paidPrior year $16,722$11,773
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $828,406$843,669
I-18 Total expensesPrior year $845,128$855,442
I-19 Revenue less expensesPrior year $30,099$3,555
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $858,997 across 7 lines filed
VIII-1f All other contributions, gifts and grants$13,151
VIII-1h Total contributions, gifts and grants$13,151
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $805,684$805,684
VIII-3 Investment incomeExcluded from tax $7,370$7,370
VIII-7 Net gain or loss on sales of assetsRelated to mission $6,955 · Excluded from tax $7,255$14,210
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $332 · Unrelated business $18,250$18,582
VIII-12 Total revenueRelated to mission $812,971 · Unrelated business $18,250 · Excluded from tax $14,625$858,997
Part IX · Statement of functional expenses $855,442 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $11,773$11,773
IX-11a Management feesManagement $261,620$261,620
IX-11c Accounting feesManagement $2,157$2,157
IX-11d Lobbying feesManagement $41,962$41,962
IX-11f Investment management feesManagement $81$81
IX-11g Other fees for servicesManagement $34,940$34,940
IX-12 Advertising and promotionPrograms $101,529$101,529
IX-13 Office expensesManagement $19,993$19,993
IX-14 Information technologyManagement $2,758$2,758
IX-19 Conferences, conventions and meetingsPrograms $142,738$142,738
IX-21 Payments to affiliatesPrograms $202,883$202,883
IX-23 InsuranceManagement $2,963$2,963
IX-24 Other expenses (24a–d)Programs $17,391 · Management $9,627$27,018
IX-24e All other expensesPrograms $3,027$3,027
IX-25 Total functional expensesPrograms $479,341 · Management $376,101 · Fundraising $0$855,442
Part X · Balance sheet $415,093 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $115,585$35,819
X-2 Savings and temporary cash investmentsStart of year $118,890$112,763
X-9 Prepaid expenses and deferred chargesStart of year $4,777$1,460
X-11 Publicly traded securitiesStart of year $280,966$265,051
X-16 Total assetsStart of year $520,218$415,093
X-17 Accounts payable and accrued expensesStart of year $42,275$36,831
X-19 Deferred revenueStart of year $114,595$5,284
X-26 Total liabilitiesStart of year $156,870$42,115
X-27 Net assets without donor restrictionsStart of year $207,176$194,180
X-28 Net assets with donor restrictionsStart of year $156,172$178,798
X-32 Total net assets or fund balancesStart of year $363,348$372,978
X-33 Total liabilities and net assetsStart of year $520,218$415,093
Part XI · Reconciliation of net assets $372,978 net assets at year end
XI-1 Total revenue$858,997
XI-2 Total expenses$855,442
XI-3 Revenue less expenses$3,555
XI-4 Net assets at start of year$363,348
XI-5 Net unrealized gains (losses) on investments$6,075
XI-10 Net assets at end of year$372,978

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

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