2024-05-06T12:17:06-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2022-07-01 411227642 AMERICAN ACADEMY OF OPTOMETRY AMER 3213194860 622 EAST WASHINGTON ST 300 ORLANDO FL 32801 TRISH SHOMION CEO 3213194860 2024-04-25 1 TRISH SHOMION 999009999 0 LACEY M QUATSOE P01300865 4078021200 2024-04-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TRISH SHOMION 622 EAST WASHINGTON ST 300 ORLANDO FL 32801 11636641 0 X WWW.AAOPTOM.ORG X 1929 DC TO MAINTAIN AND ENHANCE EXCELLENCE IN OPTOMETRIC PRACTICE 8 8 22 377 0 0 896264 413423 6222978 7288157 906771 626682 244157 235309 8270170 8563571 577750 507000 0 0 2023382 2152444 0 0 0 5438433 7273960 8039565 9933404 230605 -1369833 12994483 12107546 2575210 2885876 10419273 9221670 X TO MAINTAIN AND ENHANCE EXCELLENCE IN OPTOMETRIC PRACTICE 0 0 5670892 5127111 ANNUAL MEETING: THE ANNUAL MEETING WAS HELD TO EXCHANGE MEDICAL AND SCIENTIFIC KNOWLEDGE RELATING TO THE FIELD OF OPTOMETRY. THE ANNUAL MEETING INCLUDES THE CONTINUING EDUCATION PROGRAM THAT CONSISTS OF MORE THAN 280 COURSES AND PROMOTES KNOWLEDGE ON ALL ASPECTS OF THE OPTOMETRY PRACTICE. THE ANNUAL MEETING HAD 8,246 ATTENDEES, 6,719 OF THOSE ATTENDEES WERE NON-EXHIBITORS. 1255969 2160796 SECTIONS AND MEMBERSHIP: THE AMERICAN ACADEMY OF OPTOMETRY'S (ACADEMY OR AAO) SECTIONS ALLOW FOR THE EXCHANGE OF MEDICAL AND SCIENTIFIC KNOWLEDGE RELATING TO SPECIALTIES WITHIN THE FIELD OF OPTOMETRY. MEMBERSHIP DUES AND APPLICATIONS FEES ARE RECEIVED IN EXCHANGE FOR MEMBERSHIP BENEFITS SUCH AS ACCESS TO LOCAL CHAPTERS TO MAKE IT EASY TO KEEP IN TOUCH THROUGH SOCIAL FUNCTIONS AND STUDY BETWEEN REGULAR ANNUAL MEETINGS AND ABILITY TO JOIN ONE OR MORE OF THE SECTIONS AND SPECIAL INTEREST GROUPS DEVOTED TO VARIOUS AREAS OF FOCUS. THERE WERE 7,038 ACTIVE MEMBERS AS OF THE LAST DAY OF FISCAL YEAR 2023. 1143378 507000 THE ACADEMY PROVIDES DIRECT SUPPORT FOR STUDENTS PURSUING EDUCATION, PROFESSIONALS PURSUING RESEARCH, AND/OR OVERALL ADVANCEMENT IN THE OPTOMETRY PROFESSION. 588324 250 PUBLICATIONS: THE ACADEMY'S JOURNAL, OPTOMETRY & VISION SCIENCE, ARCHIVES THE ADVANCEMENT OF PRIMARY EYE CARE BY PUBLISHING CURRENT RESEARCH IN THE FIELD. THE ACADEMY'S NEWSLETTERS INFORMS MEMBERS OF ACTIVITIES AND PROMOTES FELLOWSHIP. 588324 250 8658563 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 X 359 0 1 22 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 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 3213194860 622 EAST WASHINGTON ST 300 ORLANDO FL 32801 RICHARD JONES CHIEF FINANCIAL OFFICER 27.00 13.00 X 193638 0 24288 PETER SCOTT CHIEF EXECUTIVE OFFICER (THRU 8/22) 30.00 10.00 X 173201 0 21721 HELEN VIKSNINS VP, EDUCATION/PROFESSIONAL RELATIONS 40.00 0.00 X 140814 0 21357 ELIZABETH TAYLOR VP, MEETINGS & INDUSTRY RELATIONS 40.00 0.00 X 118406 0 10226 JOEL LABORDE VP OF STRATEGIC INITIATIVES 30.00 10.00 X 103389 0 17916 TRISH SHOMION CHIEF EXECUTIVE OFFICER (AS OF 3/23) 30.00 10.00 X 0 0 0 SUSAN COTTER PRESIDENT 10.00 0.00 X X 0 0 0 BARBARA CAFFERY IMMEDIATE PAST-PRES. (THRU 10/22) 10.00 0.00 X X 0 0 0 TIMOTHY MCMAHON IMMEDIATE PAST-PRES. (AS OF 10/22) 10.00 0.00 X X 0 0 0 JEFFREY WALLINE PRESIDENT-ELECT 10.00 0.00 X X 0 0 0 CARL SPEAR SECRETARY-TREASURER 10.00 0.00 X X 0 0 0 NICHOLAS COLATRELLA BOARD MEMBER (AS OF 10/22) 10.00 0.00 X 0 0 0 JENNIFER COYLE BOARD MEMBER (THRU 10/22) 10.00 5.00 X 0 0 0 ANDREW MICK BOARD MEMBER 10.00 0.00 X 0 0 0 CHRIS WILMER BOARD MEMBER 10.00 0.00 X 0 0 0 NANCY WONG BOARD MEMBER (AS OF 10/22) 10.00 0.00 X 0 0 0 729448 0 95508 5 0 1 0 HILTON SAN DIEGO BAYFRONT 120 VANTIS - SUITE 350 ALISO VIEJO CA 926562686 HOTEL SERVICES 1185984 JCPK GROUP 220 E TRADEWINDS ROAD WINTER SPRINGS FL 32708 CONSTRUCTION (NEW OFFICE) 817640 PROJECTION PRESENTATION TECHNOLOGY 5803 ROLLING RD - STE 200 SPRINGFIELD VA 22152 AUDIO VISUAL EQUIPMENT 722639 SERVICE AMERICA CORP DBA CENTERPLATE 111 W HARBOR DRIVE SAN DIEGO CA 92101 MEETING CATERING 661760 FERN EXPOSITION SERVICES 645 LINN ST CINCINNATI OH 45203 MEETING SETUP 629919 6 413423 413423 ANNUAL MEETING 813920 5127111 5127111 MEMBERSHIP DUES 813920 2160796 2160796 PUBLICATIONS 513120 250 250 7288157 308786 308786 235209 235209 3390966 3073070 317896 317896 317896 MISCELLANEOUS INCOME 900099 100 100 100 8563571 7288157 0 861991 436000 436000 63000 63000 8000 8000 402522 298982 103540 1345558 999430 346128 93472 69429 24043 167369 124352 43017 143523 106604 36919 36883 36883 29663 29663 36680 36680 583655 553569 30086 96808 96808 432822 393215 39607 560580 497427 63153 199170 147936 51234 337621 291873 45748 3665947 3381766 284181 303300 225280 78020 80500 66592 13908 JOURNAL 535575 535575 SPEAKERS 230918 220300 10618 PRINTING 108756 108756 DUES TO OTHER ORG. 26567 26567 8515 7102 1413 9933404 8658563 1274841 0 452909 103461 1018245 137383 140000 140000 128034 295150 398932 348497 2718168 435351 1461352 2282817 9303242 8178662 91769 621576 12994483 12107546 312608 538374 2243198 2034325 19404 313177 2575210 2885876 X 8794882 7339988 1624391 1881682 10419273 9221670 12994483 12107546 -1369833 454556 -282326 0 X 0 1 X 1 0 X 504184 79738 264108 614028 413423 1875481 6311065 6338702 3658226 6222978 7288157 29819128 6815249 6418440 3922334 6837006 7701580 31694609 0 412480 561644 126722 596678 594521 2292045 412480 561644 126722 596678 594521 2292045 29402564 880232 687314 610463 887617 543995 3609621 880232 687314 610463 887617 543995 3609621 8595 100 8695 7695481 7105754 4541392 7724623 8245675 35312925 0.83260 0.87960 0.10220 0.10930 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2020 AMOUNT: $ 8,595. 2022 AMOUNT: $ 100. FORM 990, SCHEDULE A PART III, LINE 1: DUE TO A RESTATEMENT OF THE FINANCIALS, THE 2021 SCHEDULE A LINE 1 DECREASED BY $282,236. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 799000 96663 21521 874142 961483 -142490 19993 799000 759351 218482 16350 961483 762729 12784 16162 759351 746091 34379 17741 762729 0.37830 0.62170 0.00000 0 0 823813 41268 782545 874650 371290 503360 1019705 22793 996912 2282817 DUE FROM AAOF 602448 RIGHT OF USE ASSETS 19128 621576 OPERATING LEASE OBLIGATION 20547 DUE TO AAOF 292630 313177 X PART V, LINE 4: THE ACADEMY HAS NUMEROUS SEPARATE ENDOWMENT FUNDS. EACH ENDOWMENT WAS ESTABLISHED TO PROVIDE INCOME IN SUPPORT OF SPECIFIC ACTIVITIES. THESE FUNDS AND ACTIVITIES RANGE FROM AWARDS FOR STUDENTS TO TECHNOLOGY USED IN OPERATIONS. PART X, LINE 2: THE ACADEMY AND THE FOUNDATION, HEREINAFTER COLLECTIVELY REFERRED TO AS THE ORGANIZATION, ARE EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE IRS HAS CLASSIFIED THE ACADEMY AND THE FOUNDATION AS PUBLICLY SUPPORTED FOUNDATIONS UNDER SECTION 509(A)(2) OF THE IRC. THE ACADEMY'S AND FOUNDATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE ACADEMY AND FOUNDATION ARE NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THEIR TAX-EXEMPT STATUS. THE ACADEMY AND FOUNDATION ARE NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. 1 AUSTRALIA 0 0 GRANTMAKING 6500 NORTH AMERICA 0 0 GRANTMAKING 1500 0 0 0 0 0 0 8000 0 8000 FELLOWSHIP AUSTRALIA 5 6500 CHECK FELLOWSHIP NORTH AMERICA 2 1500 CHECK 0 0 0 0 0 0 PART I, LINE 2: 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 NOT DISTRIBUTED UNTIL AFTER THE EVENT, AND AFTER WE HAVE VERIFIED THE REQUIRED TRAVEL AND ATTENDANCE THAT THE AWARD PERTAINS TO. FOR EXAMPLE, OUR ANNUAL MEETING TRAVEL AWARDS ARE PAID AFTER THE MEETING ONLY TO VERIFIED ATTENDEES. PART III ACCOUNTING METHOD: 1 UMASS CHAN MEDICAL SCHOOL 55 LAKE AVENUE NORTH WORCESTER MA 01605 043167352 501(C)(3) 100000 0 CLINICAL RESEARCH AWARD AMERICAN ACADEMY OF OPTOMETRY FOUNDATION 622 EAST WASHINGTON ST STE 300 ORLANDO FL 32801 430768182 501(C)(3) 281000 0 CONTRIBUTION TO EDUCATION UNIVERSITY OF ALABAMA AT BIRMINGHAM 801 5TH AVENUE SOUTH BIRMINGHAM AL 35233 636005396 501(C)(3) 50000 0 CAREER DEVELOPMENT AWARD 3 0 FELLOWSHIPS 77 58500 AWARDS 2 4500 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. X X 1 1 X X X 0 0 0 0 0 0 0 1 0 RICHARD JONES CHIEF FINANCIAL OFFICER 190138 0 3500 0 0 0 0 0 24288 0 217926 0 0 0 PETER SCOTT CHIEF EXECUTIVE OFFICER (THRU 8/22) 173201 0 0 0 0 0 0 0 21721 0 194922 0 0 0 HELEN VIKSNINS VP, EDUCATION/PROFESSIONAL RELATIONS 138814 0 2000 0 0 0 0 0 21357 0 162171 0 0 0 PART I, LINE 1A ALL EMPLOYEES ARE ELIGIBLE TO RECEIVE UP TO $25 A MONTH FOR GYM AND HEALTH CLUB DUES. ON A CASE BY CASE BASIS, BUSINESS CLASS TRAVEL IS ALLOWED FOR LONG INTERNATIONAL FLIGHTS. DUE TO THE PANDEMIC AND SAFETY CONCERNS, BUSINESS CLASS WAS ALLOWED FOR LONG DOMESTIC FLIGHTS FOR BOARD AND STAFF. PART I, LINE 7 THE BOARD OF DIRECTORS DISCUSSES AND DETERMINES THE BONUS BASED ON THE TOTAL BONUS POOL, WHICH IS ALLOCATED AMONG STAFF. 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 AAO IS THE COMMON PAYMASTER FOR A RELATED ORGANIZATION, THE NUMBER OF EMPLOYEES ONLY INCLUDES THE EMPLOYEE COUNT FOR AAO. FORM 990, PART VI, SECTION A, LINE 6 THE ACADEMY SHALL BE A MEMBERSHIP ORGANIZATION AND SHALL BE COMPRISED OF TWO CLASSES OF MEMBERS: VOTING MEMBERS AND NONVOTING MEMBERS. THE VOTING MEMBERS OF THE ACADEMY SHALL BE THE FELLOWS OF THE ACADEMY (INCLUDING HONORARY FELLOWS, LIFE FELLOWS AND ERNERITUS FELLOWS) AND SHALL BE THE ONLY CLASS OF MEMBERS WITH THE RIGHT TO VOTE. THE NONVOTING MEMBERS OF THE ACADEMY SHALL BE THE CANDIDATES FOR FELLOWSHIP AND THE STUDENT MEMBERS OF THE ACADEMY. FORM 990, PART VI, SECTION A, LINE 7A THE OFFICERS AND AT-LARGE MEMBERS OF THE ACADEMY'S BOARD OF DIRECTORS ARE ELECTED BY THE VOTING MEMBERS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THE ACADEMY'S GOVERNING DOCUMENTS MUST BE RATIFIED BY A TWO-THIRDS VOTE OF THOSE VOTING MEMBERS PRESENT, PROVIDED A QUORUM IS PRESENT. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS THE FORM 990 AND PRESENTS IT TO THE FULL BOARD OF DIRECTORS PRIOR TO IT BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C 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, OR EXECUTIVE DIRECTOR 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 15 A PERFORMANCE EVALUATION IS CONDUCTED ANNUALLY WITH THE BOARD OF DIRECTORS. THE EVALUATION IS CONDUCTED 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. CHIEF FINANCIAL OFFICER SALARY IS DETERMINED BY A PERFORMANCE EVALUATION 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. THIS PROCESS LAST OCCURRED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. AMERICAN ACADEMY OF OPTOMETRY FOUNDATION INC 622 EAST WASHINGTON STREET SUITE 30 ORLANDO FL 32801 430768182 FUNDRAISING TO SUPPORT OPTOMETRIC RESEARCH & EDUCATION NY 501(C)(3) LINE 7 AAO 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 AMERICAN ACADEMY OF OPTOMETRY FOUNDATION INC B 281000 COST AMERICAN ACADEMY OF OPTOMETRY FOUNDATION INC D 292630 COST AMERICAN ACADEMY OF OPTOMETRY FOUNDATION INC E 602448 COST AMERICAN ACADEMY OF OPTOMETRY FOUNDATION INC N 106112 COST AMERICAN ACADEMY OF OPTOMETRY FOUNDATION INC O 179968 COST