2025-05-07T10:05:42-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2023-07-01 430768182 AMERICAN ACADEMY OF OPTOMETRY FOUNDATION INC AMER 3213194870 925 S SEMORAN BLVD SUITE 120 WINTER PARK FL 32792 TRISH SHOMION CEO 3213194870 2025-04-29 1 1 LACEY M QUATSOE P01300865 4078021200 2025-04-21 2023 2025-03-06 01:10:19Z X TRISH SHOMION 925 S SEMORAN BLVD SUITE 120 WINTER PARK FL 32792 2786558 0 X WWW.AAOPT.ORG/HOME/AAOF X 1947 NY DEVELOP & PROVIDE FINANCIAL SUPPORT FOR OPTOMETRIC RESEARCH & EDUCATION 13 13 2 39 0 0 1513320 1501929 0 0 211025 341359 0 0 1724345 1843288 784173 861250 0 0 235202 293464 0 0 161740 340395 283663 1359770 1438377 364575 404911 9894013 10951028 613325 672201 9280688 10278827 TO DEVELOP AND PROVIDE FINANCIAL SUPPORT FOR OPTOMETRIC RESEARCH & EDUCATION 0 0 1125217 861250 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. 1125217 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 192 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 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 925 S SEMORAN BLVD SUITE 120 WINTER PARK FL 32792 TRISH SHOMION CHIEF EXECUTIVE OFFICER 15.00 25.00 X 0 249020 7400 RICHARD JONES CHIEF FINANCIAL OFFICER 14.00 26.00 X 0 187408 24698 ROBERT GRAY VP, PHILANTHROPY 40.00 0.00 X 158865 0 23645 RACHEL COULTER PRESIDENT 5.00 0.00 X X 0 0 0 WENDY HARRISON IMMEDIATE PAST-PRES. 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 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 DAVE SATTLER BOARD MEMBER 5.00 0.00 X 0 0 0 LINDSAY SICKS BOARD MEMBER 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 EVAN KAPLAN BOARD MEMBER - AS OF 6/2024 5.00 0.00 X 0 0 0 158865 436428 55743 1 0 1 0 0 250000 1251929 1501929 292337 292337 992292 943270 49022 49022 49022 1843288 0 0 341359 463000 463000 252750 252750 145500 145500 212054 116072 37623 58359 49826 27273 8840 13713 31584 17287 5604 8693 27881 27881 35079 35079 29412 19900 9512 330 330 37931 25513 3989 8429 40315 38306 545 1464 23027 20903 2124 89688 19616 10956 59116 1438377 1125217 151420 161740 389410 841027 210340 275140 1122911 712308 14750 9975 7863972 8986482 292630 126096 9894013 10951028 7127 57376 3750 3750 602448 611075 613325 672201 X 2303957 2309506 6976731 7969321 9280688 10278827 9894013 10951028 X 404911 631029 -37801 X 0 1 X 1 0 X 823834 1027037 1094842 1513320 1501929 5960962 823834 1027037 1094842 1513320 1501929 5960962 3336357 2624605 225440 265464 372320 218628 292337 1374189 7335151 0.35780 0.35800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 576498 30059 4925 601632 558213 23785 5500 576498 609917 38204 13500 558213 565460 57207 12750 609917 574773 3681 12994 565460 0.49926 0.34963 0.15111 0 0 0 DUE TO AAO 611075 611075 X 2691619 631029 252381 883410 1808209 35079 35079 1843288 1693480 252381 37801 290182 1403298 35079 35079 1438377 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 FILES AS A PUBLICLY SUPPORTED ORGANIZATION UNDER SECTION 170(B)(1)(A)(VI) OF THE IRC. AS REQUIRED BY THE UNCERTAIN TAX POSITION GUIDANCE, THE FOUNDATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE-LIKELY-THAN-NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. THE FOUNDATION APPLIED THE UNCERTAIN TAX POSITION GUIDANCE TO ALL TAX POSITIONS FOR WHICH THE STATUTE OF LIMITATIONS REMAINED OPEN AND DETERMINED THERE WERE NO MATERIAL UNRECOGNIZED TAX BENEFITS AS OF THAT DATE. AS OF JUNE 30, 2024 AND 2023, THE ORGANIZATION DOES NOT BELIEVE THERE IS ANY UNCERTAINTY WITH RESPECT TO ITS TAX POSITIONS. THE FOUNDATION HAS NOT HISTORICALLY FILED ANY UNRELATED BUSINESS INCOME TAX (UBIT) RETURNS. TAX YEARS REMAIN OPEN FOR YEARS IN WHICH A UBIT RETURN HAS NOT BEEN FILED. ADDITIONALLY, THE GUIDANCE PROVIDES FOR THE RECOGNITION OF INTEREST AND PENALTIES RELATED TO INCOME TAXES. THERE WERE NO INTEREST OR PENALTIES RELATED TO INCOME TAXES THAT HAVE BEEN ACCRUED OR RECOGNIZED AS OF AND FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 37,801. 1 EUROPE 0 0 GRANTMAKING 9500 CANADA 0 0 GRANTMAKING 53500 AUSTRALIA 0 0 GRANTMAKING 52000 AFRICA (GHANA) 0 0 GRANTMAKING 5500 EAST ASIA 0 0 GRANTMAKING 25000 0 0 0 0 0 0 145500 0 145500 CANADA SCHOLARSHIPS/FELLOWSHIPS 15000 WIRE 0 EAST ASIA AND THE PACIFIC RESEARCH/DEVELOPMENT GRANT 25000 WIRE 0 0 2 SCHOLARSHIP/FELLOWSHIP EUROPE 1 9500 WIRE SCHOLARSHIP/FELLOWSHIP CANADA 12 38500 WIRE SCHOLARSHIP/FELLOWSHIP AUSTRALIA 8 52000 WIRE SCHOLARSHIP/FELLOWSHIP SUB-SAHARAN AFRICA 4 5500 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. 1 FERRIS STATE UNIVERSITY 1201 S STATE ST BIG RAPIDS MI 49307 386005159 501(C)(3) 8000 0 SCHOLARSHIP ILLINOIS COLLEGE OF OPTOMETRY 3241 S MICHIGAN AVE CHICAGO IL 60616 362310478 501(C)(3) 8000 0 SCHOLARSHIP INDIANA UNIVERSITY SCHOOL OF OPTOMETRY 800 EAST ATWATER AVENUE BLOOMINGTON IN 47405 356002673 501(C)(3) 8750 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 MARSHALL B KETCHUM UNIVERSITY ATTN JOAN RUBIO - 2575 YORBA LINDA BLVD FULLERTON CA 92831 951644593 501(C)(3) 14500 0 SCHOLARSHIP MASSACHUSETTS COLLEGE OF PHARMACY AND HEALTH SCIENCES 10 LINCOLN SQUARE WORCHESTER MA 01608 042104700 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) 15000 0 SCHOLARSHIP NEW ENGLAND COLLEGE OF OPTOMETRY 424 BEACON STREET BOSTON MA 02115 041591060 501(C)(3) 9500 0 SCHOLARSHIP NORTHEASTERN STATE UNIVERSITY ATTN SANDY PATRICK - 1001 NORTH GRAND AVENUE TAHLEQUAH OK 74464 911898417 501(C)(3) 8000 0 SCHOLARSHIP NOVA SOUTHEASTERN COLLEGE OF OPTOMETRY 3300 S UNIVERSITY DRIVE - TERRY BUILDING 1402 FORT LAUDERDALE FL 33328 591083502 501(C)(3) 8000 0 SCHOLARSHIP PACIFIC UNIVERSITY - COLLEGE OF OPTOMETRY 2043 COLLEGE WAY FOREST GROVE OR 97116 930386892 501(C)(3) 8000 0 SCHOLARSHIP PENNSYLVANIA COLLEGE OF OPTOMETRY AT SALUS UNIVERSITY 8360 OLD YORK ROAD ELKINS PARK PA 19027 231413680 501(C)(3) 19000 0 SCHOLARSHIP SOUTHERN COLLEGE OF OPTOMETRY 1245 MADISON AVENUE MEMPHIS TN 38104 620548917 501(C)(3) 8000 0 SCHOLARSHIP SUNY STATE COLLEGE OF OPTOMETRY NEW YORK 33 WEST 42ND STREET NEW YORK NY 10036 146013200 501(C)(3) 8000 0 RESEARCH GRANT THE OHIO STATE UNIVERSITY COLLEGE OF OPTOMETRY 338 WEST 10TH AVENUE COLUMBUS OH 43210 316025986 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) 258000 0 SCHOLARSHIP UNIVERSITY OF CALIFORNIA - BERKELEY SCHOOL OF OPTOMETRY ATTN SANDHYA ANDREWS - 380 MINOR LANE BERKELEY CA 94720 940002123 501(C)(3) 8000 0 SCHOLARSHIP UNIVERSITY OF HOUSTON COLLEGE OF OPTOMETRY ATTN SCHOLARSHIPS FINANCIAL AID ACCOUNTING TEAM - PO BOX 1426 HOUSTON TX 772511426 746001399 501(C)(3) 10000 0 SCHOLARSHIP UNIVERSITY OF MARYLAND BALTIMORE PO BOX 41428 BALTIMORE MD 212036428 526002033 501(C)(3) 10000 0 SCHOLARSHIP UNIVERSITY OF MISSOURI - STLOUIS COLLEGE OF OPTOMETRY ONE UNIVERSITY BOULEVARD - OPTOMETRY 331MH ST LOUIS MO 63121 436003859 501(C)(3) 8000 0 SCHOLARSHIP UNIVERSITY OF THE INCARNATE WORD ATTN ASHLEIGH YATES - 9725 DATAPOINT DRIVE SAN ANTONIO TX 78209 741109661 501(C)(3) 8500 0 SCHOLARSHIP WESTERN UNIVERSITY OF HEALTH SCIENCES 701 E SECOND STREET POMONA CA 91766 953127273 501(C)(3) 8000 0 SCHOLARSHIP 24 0 SCHOLARSHIPS AND FELLOWSHIPS 20 131500 TRAVEL GRANT 154 117750 PROFESSIONAL ACHIEVEMENT AWARDS 2 3500 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 TRISH SHOMION CHIEF EXECUTIVE OFFICER 0 199020 0 0 0 50000 0 0 0 7400 0 256420 0 0 RICHARD JONES CHIEF FINANCIAL OFFICER 0 184158 0 3250 0 0 0 0 0 24698 0 212106 0 0 ROBERT GRAY VP, PHILANTHROPY 156765 0 2100 0 0 0 0 0 23645 0 182510 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 2024. 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 ANNUALLY, 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: BAD DEBT EXPENSE -37,801. 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