Georgia Optometric Association INC

Not tax-deductible

Atlanta, GA501(c)(6)Community DevelopmentEIN 58-0548733Revenue $1.0M in FY2024

On file with the IRSgoaeyes.com400 W Peachtree St Nw Ste 201, 30308-3568 · Atlanta, GATax-exempt since May 2010

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The mission of the Georgia Optometric assocation is to fulfill the vision and eye care needs of the citizens of Georgia through, clinical care, research, and education, all of which enhance the quality of life.

$191K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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
3 of 5
filings with a surplus
Average surplus $58K a year · 6% 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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$191K
to officers and key staff · 18% of spending
Top officer’s pay higher than 63% of similar orgs
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$454K
33% of total assets
Looks good: liabilities are 33% 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
$1.0M
+0.05% vs prior year
Spent
$1.0M
To programs
0%
Net assets
$912K
By yearFY2020–FY2024
Revenue
$1.0M
FY2024+0.05%
Tap a bar for its year
Revenue by fiscal year
FY2020$870K
FY2021$1.0M
FY2022$1.0M
FY2023$1.0M
FY2024$1.0M
Expenses
$1.0M
FY2024-0.3%
Tap a bar for its year
Expenses by fiscal year
FY2020$801K
FY2021$841K
FY2022$966K
FY2023$1.0M
FY2024$1.0M
Net assets
$912K
FY2024▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$714K
FY2021$910K
FY2022$939K
FY2023$929K
FY2024$912K

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 May 2010.

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; $191K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$191,141Pt VII · Sec A
$0Pt VII · Sec A
President El
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Bryan Markowitz’s $191K as Executive Di is at the 63rd percentile of top reported officer pay among 2832 $1–10M community development 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.

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

NameFY2024FY2023FY2022FY2021FY2020
Bryan Markowitz$191,141$187,393$183,719$180,117$176,585

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 Georgia 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 Georgia's vision and eye care through clinical care, research, and education.

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Provided by the organization

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3 programs · $310K · in their own filed words · FY2024
01

Meetings and Conferences

The association hosts various meetings and conferences for the benefit of members during the year to provide it's members with continuing education and to allow members to network and discuss issues to improve their businesses.

$213Kprogram expense
02

Division of practice and public service is responsible for website expenses, keeping up with news pertaining to the practice of optometry, and public relations for optometry.

$52Kprogram expense
03

Division of advancement is responsible for advancing optometry through legislation and legislative functions.

$45Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$790K
Other incomeLn 4–11$205K
Investment incomeLn 3$30K
Money outPt IX
$1.0M
Ln 25
Owns and owesPt X
$912K
net assets · Ln 32
Cash and savingsLn 1–2$372K
Total assetsLn 16$1.4M
LiabilitiesLn 26$454K
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$790K
Investment incomeLn 3$30K
Other incomeLn 4–11$205K
Gains on assetsLn 7$3K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$272K
SavingsLn 2$100K
Cash and savings togetherLn 1–2$372K
InvestmentsLn 11–13$390K
Land, buildings, equipmentLn 10c$463K
Other assetsLn 15$18K
Total assetsLn 16$1.4M
LiabilitiesLn 26$454K
Net assetsLn 32$912K
OperationsPt I, VI
EmployeesI 55
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$336K$372K
InvestmentsLn 11–13$367K$390K
Land, buildings, equipmentLn 10c$482K$463K
Total assetsLn 16$1.4M$1.4M
LiabilitiesLn 26$484K$454K
Net assetsLn 32$929K$912K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$191K
Other salaries and wagesLn 7$159K
Pension plan contributionsLn 8$9K
Other employee benefitsLn 9$19K
Payroll taxesLn 10$26K
Legal feesLn 11b$48K
Accounting feesLn 11c$24K
Investment management feesLn 11f$3K
Office expensesLn 13$31K
Information technologyLn 14$28K
OccupancyLn 16$21K
TravelLn 17$25K
Conferences, conventions and meetingsLn 19$213K
InterestLn 20$6K
Depreciation, depletion and amortizationLn 22$19K
InsuranceLn 23$13K
Other expenses (24a–d)Ln 24$150K
All other expensesLn 24e$58K
Total functional expensesLn 25$1.0M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.0M$1.0M−$18K$912K 990 PDF
FY2023 $1.0M$1.0M−$21K$929K 990 PDF
FY2022 $1.0M$966K$71K$939K 990 PDF
FY2021 $1.0M$841K$190K$910K 990 PDF
FY2020 $870K$801K$68K$714K 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 $1,026,068 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $832,890$790,443
I-10 Investment incomePrior year $12,947$30,203
I-11 Other revenuePrior year $179,763$205,422
I-12 Total revenuePrior year $1,025,600$1,026,068
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $407,480$403,932
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $639,534$639,653
I-18 Total expensesPrior year $1,047,014$1,043,585
I-19 Revenue less expensesPrior year −$21,414−$17,517
Part VI · Governance 17 of 17 board members independent, 2 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,026,068 across 6 lines filed
Lines not itemized here account for $274 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $790,443$790,443
VIII-3 Investment incomeRelated to mission $27,592$27,592
VIII-5 RoyaltiesUnrelated business $36,450$36,450
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,611$2,611
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $162,098 · Unrelated business $6,600$168,698
VIII-12 Total revenueRelated to mission $983,018 · Unrelated business $43,050$1,026,068
Part IX · Statement of functional expenses $1,043,585 across 18 lines filed
IX-5 Pay of current officers, directors and key staff$191,141
IX-7 Other salaries and wages$159,289
IX-8 Pension plan contributions$8,768
IX-9 Other employee benefits$19,186
IX-10 Payroll taxes$25,548
IX-11b Legal fees$48,000
IX-11c Accounting fees$23,989
IX-11f Investment management fees$3,423
IX-13 Office expenses$30,684
IX-14 Information technology$28,165
IX-16 Occupancy$21,059
IX-17 Travel$24,751
IX-19 Conferences, conventions and meetings$213,383
IX-20 Interest$6,407
IX-22 Depreciation, depletion and amortization$19,007
IX-23 Insurance$13,315
IX-24 Other expenses (24a–d)$149,756
IX-24e All other expenses$57,714
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,043,585
Part X · Balance sheet $1,366,037 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $335,541$272,176
X-2 Savings and temporary cash investments$100,242
X-4 Accounts receivableStart of year $93,506$113,538
X-9 Prepaid expenses and deferred chargesStart of year $6,500$7,000
X-10c Land, buildings and equipment, netStart of year $482,041$463,362
X-11 Publicly traded securitiesStart of year $367,456$390,149
X-14 Intangible assetsStart of year $2,209$1,881
X-15 Other assetsStart of year $125,054$17,689
X-16 Total assetsStart of year $1,412,307$1,366,037
X-17 Accounts payable and accrued expensesStart of year $154,641$139,113
X-19 Deferred revenueStart of year $106,606$121,573
X-25 Other liabilitiesStart of year $24,854$21,983
X-26 Total liabilitiesStart of year $483,524$453,551
X-32 Total net assets or fund balancesStart of year $928,783$912,486
X-33 Total liabilities and net assetsStart of year $1,412,307$1,366,037
Part XI · Reconciliation of net assets $912,486 net assets at year end
XI-1 Total revenue$1,026,068
XI-2 Total expenses$1,043,585
XI-3 Revenue less expenses−$17,517
XI-4 Net assets at start of year$928,783
XI-5 Net unrealized gains (losses) on investments$1,220
XI-10 Net assets at end of year$912,486

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

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