Public Vision League FY2021 filing

Not tax-deductible

Sacramento, CA501(c)(6)EIN 95-6069113Revenue $250K in FY2021

On file with the IRScoavision.org2701 Del Paso Road Suite 103-398, 95835-2305 · Sacramento, CATax-exempt since Apr 1965

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Promote, maintain and preserve the highest standards of Public Vision health.

Mission: Form 990 Part I, line 1

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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
5 of 5
filings with a surplus
Average surplus $252K a year · 79% of revenue · last 5 filings
Looks good: a surplus in 5 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
Cash reserves
283 mo
of spending, in cash
Looks good: 283.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2
<0.01% of total assets
Looks good: liabilities are 0% 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
$250K
+1% vs prior year
Spent
$71K
To programs
0%
Net assets
$6.3M
By yearFY2020–FY2024
Revenue
$250K
FY2021▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$247K
FY2021$250K
FY2022$370K
FY2023$332K
FY2024$397K
Expenses
$71K
FY2021▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$72K
FY2021$71K
FY2022$66K
FY2023$62K
FY2024$67K
Net assets
$6.3M
FY2021▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.9M
FY2021$6.3M
FY2022$5.9M
FY2023$6.5M
FY2024$7.1M

From the FY2021 Form 990 · see the original

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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 Apr 1965.

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.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
Dir of Finan
$0Pt VII · Sec A
Development
$0Pt VII · Sec A
Associate Ex
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Public Vision League 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

Promotes and preserves high standards for public vision health.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

Program provides litigation services on behalf of optometric association membership.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$250K
Ln 12
Investment incomeLn 3$177K
Fees for servicesLn 2g$73K
Money outPt IX
$71K
Ln 25
Owns and owesPt X
$6.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$6.3M
LiabilitiesLn 26$2
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$73K
Investment incomeLn 3$177K
Gains on assetsLn 7$5K
Total revenueLn 12$250K
Assets in detailPt X, end of year
CashLn 1$80K
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$4.7M
Other assetsLn 15−$11K
Total assetsLn 16$6.3M
LiabilitiesLn 26$2
Net assetsLn 32$6.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$2.0M$1.7M
InvestmentsLn 11–13$3.8M$4.7M
Total assetsLn 16$5.9M$6.3M
LiabilitiesLn 26$609$2
Net assetsLn 32$5.9M$6.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$5K
Accounting feesLn 11c$1K
Investment management feesLn 11f$31K
Other fees for servicesLn 11g$32K
Other expenses (24a–d)Ln 24$2K
Total functional expensesLn 25$71K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $397K$67K$329K$7.1M 990 PDF
FY2023 $332K$62K$271K$6.5M 990 PDF
FY2022 $370K$66K$304K$5.9M 990 PDF
FY2021 Viewing $250K$71K$179K$6.3M 990 PDF
FY2020 $247K$72K$175K$5.9M 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 $250,033 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $63,046$73,407
I-10 Investment incomePrior year $184,252$176,626
I-11 Other revenue$0
I-12 Total revenuePrior year $247,298$250,033
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $71,945$71,082
I-18 Total expensesPrior year $71,945$71,082
I-19 Revenue less expensesPrior year $175,353$178,951
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 $250,033 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $73,407$73,407
VIII-3 Investment incomeExcluded from tax $171,771$171,771
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,855$4,855
VIII-12 Total revenueRelated to mission $73,407 · Excluded from tax $176,626$250,033
Part IX · Statement of functional expenses $71,082 across 5 lines filed
IX-11b Legal fees$5,483
IX-11c Accounting fees$1,000
IX-11f Investment management fees$31,306
IX-11g Other fees for services$31,500
IX-24 Other expenses (24a–d)$1,793
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$71,082
Part X · Balance sheet $6,344,697 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $36,244$80,112
X-2 Savings and temporary cash investmentsStart of year $1,991,361$1,596,391
X-4 Accounts receivableStart of year −$71$1,184
X-11 Publicly traded securitiesStart of year $3,842,689$4,677,611
X-15 Other assetsStart of year $1,498−$10,601
X-16 Total assetsStart of year $5,871,721$6,344,697
X-17 Accounts payable and accrued expensesStart of year $2$2
X-26 Total liabilitiesStart of year $609$2
X-27 Net assets without donor restrictionsStart of year $5,871,112$6,344,695
X-32 Total net assets or fund balancesStart of year $5,871,112$6,344,695
X-33 Total liabilities and net assetsStart of year $5,871,721$6,344,697
Part XI · Reconciliation of net assets $6,344,695 net assets at year end
XI-1 Total revenue$250,033
XI-2 Total expenses$71,082
XI-3 Revenue less expenses$178,951
XI-4 Net assets at start of year$5,871,112
XI-5 Net unrealized gains (losses) on investments$294,632
XI-10 Net assets at end of year$6,344,695

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

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