Optometric Extension Program Foundation INC EIN 73-0664688

Optometric Extension Program Foundation INC FY2024 filing

EIN  73-0664688 Public charity (501(c)(3)) Luthvle Timon, MD
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Optometric Extension Program Foundation INC claims this page.

Know this organization? Claim it to add your story

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 · $135K
Money in and out
$723K revenue, $768K expenses
Bottom line
89% program efficiency

Educates eye care professionals and the public on behavioral optometry through research and training. For fiscal year 2024 it reported $723K in revenue, $768K in expenses, and $990K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$723K
Pt VIII · Ln 12
Total expenses
$768K
Pt IX · Ln 25
Net assets
$990K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$45K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.11
Program efficiency
89%
of spending reaches programs
Operating runway
13.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$723K
FY2024▲ +13%
Expenses
$768K
FY2024▲ +26%
Total assets
$1.0M
FY2024▲ +10%
Total liabilities
$18K
FY2024▼ -12%
Total revenue
$723K
Pt VIII · Ln 12
Total expenses
$768K
Pt IX · Ln 25
Net assets
$990K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$45K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B89%
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 $682K of program spending, described in the organization's own filed words · FY2023.
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.

$682Kprogram expense

Run this program? Claim this org to tell your story

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 (FY2023); the FY2024 filing did not itemize Part VII
President and CEO
$135,018Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

See Optometric Extension Program Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Program service revenue$685K · 95%
Investment income$20K · 3%
Other revenue$17K · 2%
Program service revenue95%$685K
Investment income3%$20K
Other revenue2%$17K
Contributions & grants$950
Total revenueLn 12$723K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.11
Program services89%$682K
Management & general11%$86K
Total functional expensesLn 25$768K

Balance Sheet

Part X · end of year
CashLn 1$87K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$18K
Total net assetsLn 32$990K
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $888K · Operating expenses/yr $768K
13.9 months
Where the money goes
Program services
Program services $682K · Total expenses $768K
89%
Management & General
Management & general $86K · Total expenses $768K
11%
Fundraising
Fundraising $0 · Total expenses $768K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $10K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $950 · Total revenue $723K
0%
Government reliance
Government grants — · Total revenue $723K
Earned-income share
Program service revenue $685K · Total revenue $723K
95%
Investment reliance
Investment income $20K · Total revenue $723K
+3%
Program self-sufficiency
Program service revenue $685K · Total expenses $768K
89%
Growth & trend
Revenue growth (YoY)
This year $723K · Prior year $640K
+13%
Revenue CAGR
FY2019 $1.0M · FY2023 $723K
-8%
Net-asset trend (YoY)
End of year $990K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $723K · Expenses $768K
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
Net-asset ratio
Net assets $990K · Total assets $1.0M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $801K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
79%
People & payroll
Highest Reported Total Compensation
Individual Line Vreven · Reported title PRESIDENT AND CEO · Highest reported compensation $135K · Total expenses $768K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $303K · Total expenses $768K
39%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 11%
Fundraising cost ratio 0%
Revenue growth 13%
Investment management fee ratio 1%
Legal fee ratio 0%
Accounting fee ratio 2%

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.

Similar Organizations

Closest in mission — by what they do
See all organizations like Optometric Extension Program Foundation INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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 · viewing · ⤓ 990 PDF
FY2023$640K revenue · ⤓ 990 PDF
FY2022$751K revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$1.0M revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.