Oklahoma Optometric Association FY2023 filing

Not tax-deductible

Oklahoma City, OK501(c)(6)EIN 73-0641734Revenue $833K in FY2023

On file with the IRSoklahoma.aoa.org4850 N Lincoln Blvd Ste A, 73105-3326 · Oklahoma City, OKTax-exempt since Apr 1989

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State assoc. Of optometrists

Mission: Form 990 Part I, line 1

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $29K a year · 3% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$42K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$833K
+4% vs prior year
Spent
$870K
To programs
0%
Net assets
$1.7M
By yearFY2022–FY2025
Revenue
$833K
FY2023▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2022$803K
FY2023$833K
FY2024$805K
FY2025$1.1M
Expenses
$870K
FY2023▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2022$734K
FY2023$870K
FY2024$733K
FY2025$1.1M
Net assets
$1.7M
FY2023▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2022$1.8M
FY2023$1.7M
FY2024$1.8M
FY2025$1.8M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1989.

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
President El
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
See Oklahoma 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 15aNo

Programs and updates

Oklahoma Optometric Association is a business league or trade association based in Oklahoma City, OK.

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Provided by the organization

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3 programs · in their own filed words · FY2022
01

Encourage, promote, and maintain a high standard of education in the science and profession of optometry. To study and keep abreast of the latest scientific advances and practices.

Pt IX · col B
02

To promote public awareness of the optometric profession and services provided by members. Foster friendly relationships and cooperation within the profession.

Pt IX · col B
03

Statewide association for individuals in the optometric profession. 685 members.

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 · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$833K
Ln 12
Fees for servicesLn 2g$834K
Investment incomeLn 3$11K
Money outPt IX
$870K
Ln 25
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$696K
Total assetsLn 16$1.8M
LiabilitiesLn 26$42K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$834K
Investment incomeLn 3$11K
Total revenueLn 12$833K
Assets in detailPt X, end of year
CashLn 1$197K
SavingsLn 2$499K
Cash and savings togetherLn 1–2$696K
InvestmentsLn 11–13$107K
Land, buildings, equipmentLn 10c$956K
Other assetsLn 15$6K
Total assetsLn 16$1.8M
LiabilitiesLn 26$42K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 54
VolunteersI 650
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$745K$696K
InvestmentsLn 11–13$102K$107K
Land, buildings, equipmentLn 10c$954K$956K
Total assetsLn 16$1.8M$1.8M
LiabilitiesLn 26$52K$42K
Net assetsLn 32$1.8M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$250K
Other employee benefitsLn 9$64K
Payroll taxesLn 10$25K
Legal feesLn 11b$7K
Accounting feesLn 11c$14K
Office expensesLn 13$5K
OccupancyLn 16$93K
InsuranceLn 23$10K
Other expenses (24a–d)Ln 24$277K
All other expensesLn 24e$124K
Total functional expensesLn 25$870K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$1.1M$13K$1.8M 990 PDF
FY2024 $805K$733K$71K$1.8M 990 PDF
FY2023 Viewing $833K$870K−$36K$1.7M 990 PDF
FY2022 $803K$734K$69K$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 FY2023 990 (6 parts)
Part I · Summary $833,228 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $801,003$833,795
I-10 Investment incomePrior year $604$10,543
I-11 Other revenuePrior year $33,601−$11,110
I-12 Total revenuePrior year $835,208$833,228
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $352,766$339,073
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $381,424$530,428
I-18 Total expensesPrior year $734,190$869,501
I-19 Revenue less expensesPrior year $101,018−$36,273
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $833,228 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $833,795$833,795
VIII-3 Investment incomeRelated to mission $10,543$10,543
VIII-6 Net rental income or lossUnrelated business −$11,110−$11,110
VIII-12 Total revenueRelated to mission $844,338 · Unrelated business −$11,110$833,228
Part IX · Statement of functional expenses $869,501 across 10 lines filed
IX-7 Other salaries and wages$249,708
IX-9 Other employee benefits$64,409
IX-10 Payroll taxes$24,956
IX-11b Legal fees$7,200
IX-11c Accounting fees$14,364
IX-13 Office expenses$4,637
IX-16 Occupancy$92,669
IX-23 Insurance$10,385
IX-24 Other expenses (24a–d)$277,308
IX-24e All other expenses$123,865
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$869,501
Part X · Balance sheet $1,764,318 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $235,094$197,255
X-2 Savings and temporary cash investmentsStart of year $509,608$498,800
X-10c Land, buildings and equipment, netStart of year $954,365$955,940
X-11 Publicly traded securitiesStart of year $102,294$106,789
X-15 Other assetsStart of year $9,745$5,534
X-16 Total assetsStart of year $1,811,106$1,764,318
X-19 Deferred revenueStart of year $37,489$37,489
X-25 Other liabilitiesStart of year $14,921$4,435
X-26 Total liabilitiesStart of year $52,410$41,924
X-32 Total net assets or fund balancesStart of year $1,758,696$1,722,394
X-33 Total liabilities and net assetsStart of year $1,811,106$1,764,318
Part XI · Reconciliation of net assets $1,722,394 net assets at year end
XI-1 Total revenue$833,228
XI-2 Total expenses$869,501
XI-3 Revenue less expenses−$36,273
XI-4 Net assets at start of year$1,758,696
XI-9 Other changes in net assets−$29
XI-10 Net assets at end of year$1,722,394

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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