Florida Optometric Association INC FY2021 filing

Not tax-deductible

Tallahassee, FL501(c)(6)EIN 59-0836623Revenue $2.1M in FY2021

On file with the IRS120 S Monroe St, 32301-1530 · Tallahassee, FLTax-exempt since Feb 1959

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To enhance the vision care of the public by uniting the Optometric profession

$85K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · 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 $37K a year · 2% 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
$85K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$497K
115% of total assets
Concern: liabilities are 115% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+21% vs prior year
Spent
$2.0M
To programs
0%
Net assets
−$65K
By yearFY2020–FY2024
Revenue
$2.1M
FY2021▲ +21%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$2.1M
FY2022$2.5M
FY2023$2.4M
FY2024$2.7M
Expenses
$2.0M
FY2021▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$2.0M
FY2022$2.1M
FY2023$2.6M
FY2024$2.6M
Net assets
−$65K
FY2021▲ +56%
Tap a bar for its year
Net assets by fiscal year
FY2020−$149K
FY2021−$65K
FY2022$314K
FY2023$95K
FY2024$230K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 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 Feb 1959.

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

Who runs it and what they're paid

10 people listed on the 990; $85K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$85,198Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President Elect
$0Pt VII · Sec A
Treasurer, Secretary
$0Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
Senior Trustee
$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
Sarah Langley$120,000$120,001$116,855$85,198$90,000

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.

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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

Improves public vision care by uniting optometrists.

Questions for Florida Optometric Association INC

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Provided by the organization

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1 program · in their own filed words · FY2021
01

The association conducts seminars and workshops throughout the state of florida to educate members on new developments in the field of optometry and help members meet continuing education requirements to maintain their licenses.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Fees for servicesLn 2g$1.9M
Other incomeLn 4–11$202K
Investment incomeLn 3$163
Money outPt IX
$2.0M
Ln 25
Owns and owesPt X
−$65K
net assets · Ln 32
Cash and savingsLn 1–2$337K
Total assetsLn 16$431K
LiabilitiesLn 26$497K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.9M
Investment incomeLn 3$163
Other incomeLn 4–11$202K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$337K
Cash and savings togetherLn 1–2$337K
Land, buildings, equipmentLn 10c$1K
Other assetsLn 15$93K
Total assetsLn 16$431K
LiabilitiesLn 26$497K
Net assetsLn 32−$65K
OperationsPt I, VI
EmployeesI 53
VolunteersI 675
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 FY21End FY21
Cash and savingsLn 1–2$476K$337K
Land, buildings, equipmentLn 10c$3K$1K
Total assetsLn 16$572K$431K
LiabilitiesLn 26$721K$497K
Net assetsLn 32−$149K−$65K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$85K$0$0$0
Other salaries and wagesLn 7$41K$0$0$0
Pension plan contributionsLn 8$4K$0$0$0
Payroll taxesLn 10$15K$0$0$0
Legal feesLn 11b$161K$0$0$0
Accounting feesLn 11c$7K$0$0$0
Office expensesLn 13$54K$0$0$0
Information technologyLn 14$8K$0$0$0
Conferences, conventions and meetingsLn 19$467K$0$0$0
Depreciation, depletion and amortizationLn 22$10K$0$0$0
InsuranceLn 23$13K$0$0$0
Other expenses (24a–d)Ln 24$1.1M$0$0$0
All other expensesLn 24e$69K$0$0$0
Total functional expensesLn 25$2.0M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.7M$2.6M$136K$230K 990 PDF
FY2023 $2.4M$2.6M−$220K$95K 990 PDF
FY2022 $2.5M$2.1M$380K$314K 990 PDF
FY2021 Viewing $2.1M$2.0M$83K−$65K 990 PDF
FY2020 $1.7M$1.9M−$193K−$149K 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 FY2021 990 (6 parts)
Part I · Summary $2,079,500 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,621,792$1,877,649
I-10 Investment incomePrior year $233$163
I-11 Other revenuePrior year $99,265$201,688
I-12 Total revenuePrior year $1,721,290$2,079,500
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $202,018$145,293
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,728,980$1,850,725
I-18 Total expensesPrior year $1,930,998$1,996,018
I-19 Revenue less expensesPrior year −$209,708$83,482
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,079,500 across 5 lines filed
Lines not itemized here account for $99,528 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $776,552$1,877,649
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $163$163
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $71,525$71,525
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $11,150 · Excluded from tax $19,485$30,635
VIII-12 Total revenueRelated to mission $1,101,097 · Unrelated business $11,150 · Excluded from tax $967,253$2,079,500
Part IX · Statement of functional expenses $1,996,018 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$85,198
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$41,484
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$3,693
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$14,918
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$160,933
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$6,667
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$54,334
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$8,498
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$467,037
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$10,465
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$13,497
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$1,059,947
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$69,347
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,996,018
Part X · Balance sheet $431,316 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $476,196$336,868
X-10c Land, buildings and equipment, netStart of year $2,624$1,358
X-15 Other assetsStart of year $93,090$93,090
X-16 Total assetsStart of year $571,910$431,316
X-17 Accounts payable and accrued expensesStart of year $1,053$705
X-25 Other liabilitiesStart of year $719,716$495,988
X-26 Total liabilitiesStart of year $720,769$496,693
X-27 Net assets without donor restrictionsStart of year −$148,859−$65,377
X-32 Total net assets or fund balancesStart of year −$148,859−$65,377
X-33 Total liabilities and net assetsStart of year $571,910$431,316
Part XI · Reconciliation of net assets −$65,377 net assets at year end
XI-1 Total revenue$2,079,500
XI-2 Total expenses$1,996,018
XI-3 Revenue less expenses$83,482
XI-4 Net assets at start of year−$148,859
XI-10 Net assets at end of year−$65,377

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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