2024-05-06T09:47:12-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2022-07-01 430768182 AMERICAN ACADEMY OF OPTOMETRY FOUNDATION INC AMER 3213194870 622 EAST WASHINGTON ST 300 ORLANDO FL 32801 TRISH SHOMION CEO 3213194870 2024-05-02 1 TRISH SHOMION 999009999 0 LACEY M QUATSOE P01300865 4078021200 2024-05-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TRISH SHOMION 622 EAST WASHINGTON ST 300 ORLANDO FL 32801 2343602 0 X WWW.AAOPT.ORG/HOME/AAOF X 1947 NY DEVELOP & PROVIDE FINANCIAL SUPPORT FOR OPTOMETRIC RESEARCH & EDUCATION 12 12 2 23 0 0 1094842 1513320 0 0 488586 211025 0 0 1583428 1724345 544000 784173 0 0 200634 235202 0 0 189492 189450 340395 934084 1359770 649344 364575 8602014 9894013 305350 613325 8296664 9280688 TO DEVELOP AND PROVIDE FINANCIAL SUPPORT FOR OPTOMETRIC RESEARCH & EDUCATION 0 0 1060678 784172 THE AMERICAN ACADEMY OF OPTOMETRY FOUNDATION, INC. (FOUNDATION) PROMOTES THE ADVANCEMENT OF VISION SCIENCE BY PROVIDING FELLOWSHIPS, SCHOLARSHIPS, AND RESEARCH GRANTS TO OUTSTANDING GRADUATE STUDENTS OF OPTOMETRY AND VISION SCIENCE, AND THROUGH PUBLICATIONS, THE ACADEMY NEWSLETTER, AND WEBSITE. 1060678 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 103 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 1 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X RICHARD JONES 3213194870 622 EAST WASHINGTON ST 300 ORLANDO FL 32801 RICHARD JONES CHIEF FINANCIAL OFFICIER 13.00 27.00 X 0 193638 24288 PETER SCOTT CHIEF EXECUTIVE OFFICER (THRU 8/22) 10.00 30.00 X 0 173201 21721 ROBERT GRAY VP, PHILANTHROPY 40.00 0.00 X 150934 0 23830 TRISH SHOMION CHIEF EXECUTIVE OFFICER (AS OF 3/23) 10.00 30.00 X 0 0 0 RACHEL COULTER PRESIDENT 5.00 10.00 X X 0 0 0 WENDY HARRISON IMMEDIATE PAST-PRES. (AS OF 10/22) 5.00 0.00 X X 0 0 0 PETE KOLLBAUM IMMEDIATE PAST-PRES. (THRU 10/22) 5.00 0.00 X X 0 0 0 VALERIE SHARPE PRESIDENT-ELECT 5.00 0.00 X X 0 0 0 LORETTA SZCZOTKA-FLYNN SECRETARY-TREASURER 5.00 0.00 X X 0 0 0 SHERRY DAY BOARD MEMBER (AS OF 11/22) 5.00 0.00 X 0 0 0 KERRY GIEDD BOARD MEMBER 5.00 0.00 X 0 0 0 APRIL JASPER BOARD MEMBER 5.00 0.00 X 0 0 0 A MIKA MOY BOARD MEMBER 5.00 0.00 X 0 0 0 KATHRYN RICHDALE BOARD MEMBER (THRU 10/22) 5.00 0.00 X 0 0 0 DAVE SATTLER BOARD MEMBER 5.00 0.00 X 0 0 0 LINDSAY SICKS BOARD MEMBER (AS OF 11/22) 5.00 0.00 X 0 0 0 SURESH VISWANATHAN BOARD MEMBER 5.00 0.00 X 0 0 0 DANNE VENTURA BOARD MEMBER 5.00 0.00 X 0 0 0 150934 366839 69839 1 0 1 0 0 281000 1232320 1513320 218628 218628 611654 619257 -7603 -7603 -7603 1724345 0 0 211025 376766 376766 291550 291550 115857 115857 165338 99033 22289 44016 44144 26441 5952 11751 25720 15406 3467 6847 11865 11865 30363 30363 93109 90109 3000 14135 14135 34658 20119 346 14193 47388 21995 4615 20778 33541 1681 22953 8907 75336 1721 7750 65865 1359770 1060678 109600 189492 362543 389410 420275 210340 833730 1122911 27215 14750 6938847 7863972 19404 292630 8602014 9894013 209831 7127 3750 3750 91769 602448 305350 613325 X 2194351 2303957 6102313 6976731 8296664 9280688 8602014 9894013 X 364575 584528 34921 X 0 1 X 1 0 X 800360 823834 1027037 1094842 1513320 5259393 800360 823834 1027037 1094842 1513320 5259393 2849380 2410013 391136 225440 265464 372320 218628 1472988 6732381 0.35800 0.43270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 558213 23785 5500 576498 609917 38204 13500 558213 565460 57207 12750 609917 574773 3681 12994 565460 581246 6843 13316 574773 0.52100 0.36300 0.11600 0 0 0 DUE TO AAO 602448 602448 X 2564590 584528 286080 870608 1693982 30363 30363 1724345 1580566 286080 -34921 251159 1329407 30363 30363 1359770 PART V, LINE 4: THE FOUNDATION HAS MANY SEPARATE FUNDS, SOME OF WHICH ARE ENDOWED. ALL FUNDS ARE ESTABLISHED FOR DIRECT FINANCIAL SUPPORT (AWARDS, GRANTS, AND ASSISTANCE) TOWARDS RESEARCH AND EDUCATION. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE FOUNDATION HAS BEEN CLASSIFIED BY THE IRS AS A PUBLICLY SUPPORTED ORGANIZATION UNDER SECTION 509(A)(2) OF THE IRC. THE FOUNDATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE FOUNDATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE FOUNDATION IS NOT AWARE OF AN ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECOVERY OF BAD DEBT EXPENSE -34,921. 1 EUROPE 0 0 GRANTMAKING 67630 CANADA 0 0 GRANTMAKING 23250 INDIA 0 0 GRANTMAKING 2500 AUSTRALIA 0 0 GRANTMAKING 21000 AFRICA (GHANA) 0 0 GRANTMAKING 1477 0 0 0 0 0 0 115857 0 115857 EUROPE (GERMANY) RESEARCH GRANT 55630 WIRE 0 0 1 SCHOLARSHIP EUROPE 2 12000 WIRE SCHOLARSHIP CANADA 16 21750 WIRE SCHOLARSHIP AUSTRALIA 4 21000 WIRE SCHOLARSHIP AFRICA (GHANA) 1 1477 WIRE 0 0 0 0 0 0 PART I, LINE 2: RESEARCH GRANTS: GRANTS ARE ALWAYS AWARDED TO AN "OVERSEEING" INSTITUTION (USUALLY A COLLEGE, MEDICAL ORG, OR RESEARCH INSTITUTION) AND NOT DIRECTLY TO THE PERSON. ALSO, THE INSTITUTION MUST SIGN A CONTRACT AFFIRMING THEIR INTENT, AND THE INDIVIDUAL MUST PROVIDE POST-GRANT REPORTS UPON REQUEST. SCHOLARSHIPS/FELLOWSHIPS: THESE ARE ONLY AWARDED TO STUDENTS AT ELIGIBLE UNIVERSITIES AND WE MAINTAIN RELATIONSHIPS WITH EACH OF THOSE UNIVERSITIES TO ENSURE COMPLIANCE. APPLICANTS MUST ALSO AGREE TO THE TERMS WHEN APPLYING. PART III ACCOUNTING METHOD: 1 UNIVERSITY OF HOUSTON COLLEGE OF OPTOMETRY ATTN SCHOLARSHIPS FINANCIAL AID ACCOUNTING TEAM - PO BOX 1426 HOUSTON TX 772511426 746001399 501(C)(3) 199988 0 RESEARCH GRANT SUNY STATE COLLEGE OF OPTOMETRY NEW YORK 33 WEST 42ND STREET NEW YORK NY 10036 146013200 501(C)(3) 50778 0 RESEARCH GRANT INDIANA UNIVERSITY SCHOOL OF OPTOMETRY 800 EAST ATWATER AVENUE BLOOMINGTON IN 47405 356002673 501(C)(3) 12000 0 SCHOLARSHIP WESTERN UNIVERSITY OF HEALTH SCIENCES 701 E SECOND STREET POMONA CA 91766 953127273 501(C)(3) 8000 0 SCHOLARSHIP UNIVERSITY OF ALABAMA - BIRMINGHAM SCHOOL OF OPTOMETRY 1716 UNIVERSITY BOULEVARD HPB - 121 BIRMINGHAM AL 35124 636005396 501(C)(3) 8000 0 SCHOLARSHIP THE OHIO STATE UNIVERSITY COLLEGE OF OPTOMETRY 338 WEST 10TH AVENUE COLUMBUS OH 43210 316025986 501(C)(3) 8000 0 SCHOLARSHIP SOUTHERN COLLEGE OF OPTOMETRY 1245 MADISON AVENUE MEMPHIS TN 38104 620548917 501(C)(3) 8000 0 SCHOLARSHIP INTER AMERICAN UNIVERSITY OF PUERTO RICO SCHOOL OF OPTOMETRY ATTN DR IRIS CABELLO RIVAS STUDENT SERVICES OFFICE - 500 JOHN WILL HAR BAYAMON PR 009576257 660177776 501(C)(3) 8000 0 SCHOLARSHIP MIDWESTERN UNIVERSITY ARIZONA COLLEGE OF OPTOMETRY ATTN GRACE LIAO - 5865 W UTOPIA ROAD GLENDALE AZ 85308 363377698 501(C)(3) 8000 0 SCHOLARSHIP NEW ENGLAND COLLEGE OF OPTOMETRY 424 BEACON STREET BOSTON MA 02115 041591060 501(C)(3) 8000 0 SCHOLARSHIP ILLINOIS COLLEGE OF OPTOMETRY 3241 S MICHIGAN AVE CHICAGO IL 60616 362310478 501(C)(3) 8000 0 SCHOLARSHIP MASSACHUSETTS COLLEGE OF PHARMACY AND HEALTH SCIENCES 10 LINCOLN SQUARE WORCHESTER MA 01608 042104700 501(C)(3) 7500 0 SCHOLARSHIP NOVA SOUTHEASTERN COLLEGE OF OPTOMETRY 3300 S UNIVERSITY DRIVE - TERRY BUILDING 1402 FORT LAUDERDALE FL 33328 591083502 501(C)(3) 7500 0 SCHOLARSHIP ROSENBERG SCHOOL OF OPTOMETRY ATTN JILL MOHR CPO 17 - 9725 DATAPOINT DRIVE SAN ANTONIO TX 78229 741109661 501(C)(3) 7500 0 SCHOLARSHIP MICHIGAN COLLEGE OF OPTOMETRY 1124 SOUTH STATE STREET BIG RAPIDS MI 49307 386005159 501(C)(3) 6500 0 SCHOLARSHIP 15 0 SCHOLARSHIPS AND FELLOWSHIPS 144 291550 PART I, LINE 2: RESEARCH GRANTS: GRANTS ARE ALWAYS AWARDED TO AN "OVERSEEING" INSTITUTION (USUALLY A COLLEGE, MEDICAL ORG, OR RESEARCH INSTITUTION) AND NOT DIRECTLY TO THE PERSON. ALSO, THE INSTITUTION MUST SIGN A CONTRACT AFFIRMING THEIR INTENT, AND THE INDIVIDUAL MUST PROVIDE POST-GRANT REPORTS UPON REQUEST. SCHOLARSHIPS/FELLOWSHIPS: THESE ARE ONLY AWARDED TO STUDENTS AT ELIGIBLE UNIVERSITIES AND WE MAINTAIN RELATIONSHIPS WITH EACH OF THOSE UNIVERSITIES TO ENSURE COMPLIANCE. APPLICANTS MUST ALSO AGREE TO THE TERMS WHEN APPLYING. TRAVEL AWARDS: TRAVEL AWARDS ARE ONLY DISTRIBUTED AFTER THE TRAVEL HAS OCCURRED. FOR EXAMPLE, OUR ANNUAL MEETING TRAVEL AWARDS ARE PAID AFTER THE MEETING ONCE ATTENDANCE HAS BEEN CONFIRMED. 0 0 0 0 0 0 0 0 0 RICHARD JONES CHIEF FINANCIAL OFFICIER 0 190138 0 3500 0 0 0 0 0 24288 0 217926 0 0 PETER SCOTT CHIEF EXECUTIVE OFFICER (THRU 8/22) 0 173201 0 0 0 0 0 0 0 21721 0 194922 0 0 ROBERT GRAY VP, PHILANTHROPY 148934 0 2000 0 0 0 0 0 23830 0 174764 0 0 0 PART I, LINE 3 THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS DETERMINED BY THE AMERICAN ACADEMY OF OPTOMETRY, A RELATED ORGANIZATION. A PERFORMANCE EVALUATION IS CONDUCTED ANNUALLY USING A 360-DEGREE EVALUATION BY STAFF, COMMITTEES AND SECTION OFFICERS, AS WELL AS THE BOARD. THE MANAGEMENT COMMITTEE MAKES A RECOMMENDATION TO THE BOARD, TAKING INTO ACCOUNT A REVIEW OF COMPARABLE SALARIES PROVIDED IN SALARY SURVEYS OF NOT-FOR-PROFITS. THE BOARD REVIEWS THE MANAGEMENT COMMITTEE'S RECOMMENDATION. THE DECISION/APPROVAL IS DOCUMENTED IN THE MINUTES AND IN THE CHIEF EXECUTIVE OFFICER CONTRACT. THIS PROCESS LAST OCCURRED IN 2022. FORM 990, PART V, LINE 2A: THE NUMBER OF EMPLOYEES LISTED AS BEING ON FORM W-3 IS THE TOTAL EMPLOYEE COUNT FOR THE FILING ORGANIZATION. WHILE THE AMERICAN ACADEMY OF OPTOMETRY IS THE COMMON PAYMASTER FOR THE FOUNDATION, THE NUMBER OF EMPLOYEES ONLY INCLUDES THE EMPLOYEE COUNT FOR THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPRISED OF THE OFFICERS OF THE CORPORATION. THE PRESIDENT SHALL SERVE AS CHAIR OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY TO RELIEVE ANY OFFICER OF THE CORPORATION OF HIS DUTIES NOR SHALL IT HAVE THE AUTHORITY TO FILL ANY OFFICE OF THE CORPORATION. SUBJECT TO THE NEW YORK STATE NON-PROFIT CORPORATION LAW, THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL OTHER POWER OVER OF THE BOARD OF DIRECTORS WHEN THE BOARD OF DIRECTORS SHALL NOT BE IN SESSION UNLESS THOSE POWERS ARE SPECIFICALLY RETAINED BY THE BOARD OF DIRECTORS IN OTHER SECTIONS OF THESE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A THE AMERICAN ACADEMY OF OPTOMETRY BOARD OF DIRECTORS APPOINTS THE FOUNDATION BOARD MEMBERS FOR TWO-YEAR TERMS AND DESIGNATES A MEMBER OF ITS BOARD OF DIRECTORS AS LIAISON TO THE FOUNDATION BOARD. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO BEING FILED, THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND PRESENTED TO THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION FOLLOWS THE CONFLICT OF INTEREST POLICY OF THE AMERICAN ACADEMY OF OPTOMETRY. WHEN ANY INTEREST ON THE PART OF A BOARD OF DIRECTORS MEMBER, COMMITTEE MEMBER OR SECTION OFFICER, OR THE EXECUTIVE DIRECTOR, OR OTHER STAFF MEMBER, OR A MEMBER OF THEIR IMMEDIATE FAMILY, POSES A CONFLICT OR AN APPEARANCE OF A CONFLICT WITH THE INDIVIDUAL'S AAO RESPONSIBILITIES, THE BOARD MEMBER, COMMITTEE MEMBER, OR SECTION OFFICER WILL: PROMPTLY CALL THE CONFLICT OR APPEARANCE OF CONFLICT TO THE ATTENTION OF THE BOARD MEMBERS WHO ARE PARTICIPATING IN OR VOTING ON THE ISSUE WHICH POSES THE POSSIBLE CONFLICT AND ABSTAIN FROM PARTICIPATION IN OR VOTING ON THE ISSUE. THE OFFICIAL MINUTES OF ANY MEETING AT WHICH A DISCLOSURE OF CONFLICT WAS MADE WILL NOTE THAT FACT AND THAT THE BOARD MEMBER, COMMITTEE OR SECTION OFFICER, OR EXECUTIVE DIRECTOR ABSTAINED FROM ANY PARTICIPATION IN THE ISSUE. EACH MEMBER OF THE BOARD OF DIRECTORS, COMMITTEE MEMBER AND SECTION OFFICERS, AND THE ACADEMY STAFF WILL COMPLETE AND RETURN A CONFIDENTIAL "CONFLICT OF INTEREST DISCLOSURE FORM" TO THE ACADEMY OFFICE EVERY TWO YEARS, WHERE IT WILL BE MAINTAINED IN A CONFIDENTIAL FILE AVAILABLE FOR REVIEW ONLY IF A CHALLENGE IS RAISED. FORM 990, PART VI, SECTION B, LINE 15B KEY EMPLOYEE SALARY IS DETERMINED BY THE AMERICAN ACADEMY OF OPTOMETRY, A RELATED ORGANIZATION. A PERFORMANCE EVALUATION IS CONDUCTED ANNUALLY WITH THE CHIEF EXECUTIVE OFFICER. THE CHIEF EXECUTIVE OFFICER THEN MAKES A SALARY DETERMINATION, TAKING INTO ACCOUNT EMPLOYEE PERFORMANCE, AND A REVIEW OF COMPARABLE SALARIES, PROVIDED IN SALARY SURVEYS OF NOT-FOR-PROFITS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: RECOVERY OF BAD DEBT EXPENSE 34,921. AMERICAN ACADEMY OF OPTOMETRY 622 EAST WASHINGTON ST SUITE 300 ORLANDO FL 32801 411227642 OPTOMETRIC RESEARCH & SUPPORT DC 501(C)(3) LINE 10 N/A 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0