Optometric Extension Program Foundation INC EIN 73-0664688

Optometric Extension Program Foundation INC FY2023 filing

EIN  73-0664688 Public charity (501(c)(3)) Luthvle Timon, MD
Form 990 (PDF)
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Size
$100K–1M
What they do
Educates eye care professionals and the public on behavioral optometry through research and training.
Leadership
Line Vreven · President and CEO · $125K
Money in and out
$640K revenue, $607K expenses
Bottom line
81% program efficiency

Educates eye care professionals and the public on behavioral optometry through research and training. For fiscal year 2023 it reported $640K in revenue, $607K in expenses, and $899K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$640K
Pt VIII · Ln 12
Total expenses
$607K
Pt IX · Ln 25
Net assets
$899K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $33K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.19
Program efficiency
81%
of spending reaches programs
Operating runway
16.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$640K
FY2023▼ -15%
Expenses
$607K
FY2023▼ -18%
Total assets
$919K
FY2023▲ +5%
Total liabilities
$20K
FY2023▼ -43%
Total revenue
$640K
Pt VIII · Ln 12
Total expenses
$607K
Pt IX · Ln 25
Net assets
$899K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$33K
Total assetsPt X · Ln 16$919K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $493K of program spending, described in the organization's own filed words · FY2022.
01

The optometric extension program foundation's clinical corriculum is comprised of four core courses which run throughout the year. The four courses are the art & science of optometric care, VT1/VISUAL dysfunctions, VT2/LEARNING related visual problems, VT3/STRABISMUS & amblyopia.

$493Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COptometric Extension Program Foundation INC
EINHdr · item D73-0664688
Principal addressHdr · item CLuthvle Timon, MD
WebsiteHdr · item Joepf.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E35E)
Ruling yearIRS BMFJul 1967

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President and CEO
$125,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President & Secretary
$0Pt VII · Sec A

Line Vreven’s $143K as President and CEO is at the 93rd percentile of top reported officer pay among 194 <$100K health care 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Line Vreven$143,000$135,018$125,000$119,300$119,300$115,000
Pamela Schnell Od$4,800

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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Statement of Revenue

Part VIII
Program service revenue$560K · 88%
Other revenue$59K · 9%
Investment income$16K · 2%
Contributions & grants$4K · 1%
Program service revenue88%$560K
Other revenue9%$59K
Investment income2%$16K
Contributions & grants1%$4K
Total revenueLn 12$640K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.19
Program services81%$493K
Management & general19%$114K
Total functional expensesLn 25$607K

Balance Sheet

Part X · end of year
CashLn 1$157K
Total assetsLn 16$919K
Total liabilitiesLn 26$20K
Total net assetsLn 32$899K
Months of cash on handcomputed3.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $819K · Operating expenses/yr $607K
16.2 months
Where the money goes
Program services
Program services $493K · Total expenses $607K
81%
Management & General
Management & general $114K · Total expenses $607K
19%
Fundraising
Fundraising $0 · Total expenses $607K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $43K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $4K · Total revenue $640K
1%
Government reliance
Government grants — · Total revenue $640K
Earned-income share
Program service revenue $560K · Total revenue $640K
88%
Investment reliance
Investment income $16K · Total revenue $640K
+2%
Program self-sufficiency
Program service revenue $560K · Total expenses $607K
92%
Growth & trend
Revenue growth (YoY)
This year $640K · Prior year $751K
-15%
Net-asset trend (YoY)
End of year $899K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $640K · Expenses $607K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $919K
Net-asset ratio
Net assets $899K · Total assets $919K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $662K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $919K
72%
People & payroll
Highest Reported Total Compensation
Individual Line Vreven · Reported title PRESIDENT AND CEO · Highest reported compensation $125K · Total expenses $607K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $279K · Total expenses $607K
46%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 19%
Fundraising cost ratio 0%
Revenue growth -15%
Investment management fee ratio 1%
Legal fee ratio 7%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$620K revenue · ⤓ 990 PDF
FY2024$723K revenue · ⤓ 990 PDF
FY2023$640K revenue · viewing · ⤓ 990 PDF
FY2022$751K revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$1.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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