2017-05-15T08:49:37-05:00 2016-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 500 ORLANDO FL 32801 990 2015-07-01 430768182 AMERICAN OPTOMETRIC FOUNDATION INC AMER 3213194870 2909 FAIRGREEN STREET ORLANDO FL 32803 LOIS SCHOENBRUN EXECUTIVE DIRECTOR 3213194870 2017-05-11 1 AMY CHAPMAN P00843460 4078021200 2017-05-11 2015 2021-01-29 14:40:06Z LOIS SCHOENBRUN 2909 FAIRGREEN STREET ORLANDO FL 32803 1475294 0 X WWW.AAOPT.ORG/AOF/ABOUT/INDEX.ASP X 1947 NY DEVELOP & PROVIDE FINANCIAL SUPPORT FOR OPTOMETRIC RESEARCH & EDUCATION. 11 11 0 20 0 0 1244667 907380 0 0 399244 153150 -3717 -4710 1640194 1055820 380661 442270 0 0 0 24398 0 0 172964 259127 391793 639788 858461 1000406 197359 6003088 5950464 23075 26921 5980013 5923543 TO DEVELOP AND PROVIDE FINANCIAL SUPPORT FOR OPTOMETRIC RESEARCH & EDUCATION. 0 0 608850 442270 THE 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 TORCH (NEWSLETTER) AND WEBSITE. 608850 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 1 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 62 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 1 0 0 MD FL OH CO X RICH JONES 3213194859 2909 FAIRGREEN STREET ORLANDO FL 32803 X DAVID KIRSCHEN PRESIDENT 5.00 X X 1150 0 0 KATHRYN DUMBLETON IMMEDIATE PAST PRESIDENT 5.00 X X 0 0 0 JUDITH CLAY PRESIDENT-ELECT 5.00 X X 1150 0 0 WENDY HARRISON SECRETARY-TREASURER 5.00 X X 0 0 0 SUSAN EGER BOARD MEMBER 5.00 X 1150 0 0 PETE KOLLBAUM BOARD MEMBER 5.00 10.00 X 0 1000 0 RICHARD MADONNA BOARD MEMBER 5.00 X 0 0 0 JASON NICHOLS BOARD MEMBER 0.50 X 1150 0 0 JEFFREY WALLINE BOARD MEMBER 5.00 10.00 X 0 1000 0 MELISSA BAILEY BOARD MEMBER 5.00 X 750 0 0 DORI CARLSON BOARD MEMBER 5.00 X 0 0 0 LOIS SCHOENBRUN EXECUTIVE DIRECTOR 8.00 32.00 X 0 194079 32091 RICHARD JONES CPA SENIOR DIRECTOR OF FINANCE 12.00 28.00 X 0 122161 20600 5350 318240 52691 0 0 1 0 0 18974 180961 707445 1049 907380 180120 180120 387794 414764 -26970 -26970 -26970 0 18974 4710 -4710 -4710 1055820 0 0 148440 X 218500 218500 128520 128520 95250 95250 18651 10258 2798 5595 5747 3161 862 1724 9600 9600 23547 23547 180960 99528 27144 54288 2000 2000 36603 11487 1115 24001 24323 12868 3509 7946 77410 77410 OTHER EXPENSES 29278 29278 BAD DEBT 8072 8072 858461 608850 76647 172964 673430 621313 724855 441567 645 9417 9796 9796 0 0 4593539 4869314 0 10619 8853 6003088 5950464 10817 1599 3750 3750 8508 21572 23075 26921 X 1751238 1808804 4027155 3912260 201620 202479 5980013 5923543 6003088 5950464 197359 -253829 0 X X 0 1 X 1 0 X 626637 635781 596253 1244667 907380 4010718 626637 635781 596253 1244667 907380 4010718 562266 3448452 79560 109807 190486 365723 180120 925696 4936414 0.69860 0.60160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 579514 2670 -6210 11405 564569 580406 5623 6515 579514 558896 30110 8600 580406 501514 300368 17807 5250 255543 558896 505534 1648 5668 501514 0.53000 0.36000 0.11000 0 0 9796 9796 0 0 DUE TO AAO 21572 21572 X 910181 -253829 127027 4710 -122092 1032273 23547 23547 1055820 966651 127027 4710 131737 834914 23547 23547 858461 PART V, LINE 4: THE FOUNDATION HAS A DONOR-RESTRICTED ENDOWMENT FUND ESTABLISHED FOR THE PURPOSES OF PROVIDING INCOME TO SUPPORT SPECIFIC DONOR-RESTRICTED ACTIVITIES. 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 INTERNAL REVENUE SERVICE 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 TAXEXEMPT STATUS. THE FOUNDATION IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES REPORTED ON REVENUE PAGE 4,710. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES REPORTED ON REVENUE PAGE 4,710. 1 0 0 0 0 0 0 0 0 0 CANADA AWARD AND SCHOLARSHIP 3000 CHECK CASH VALUE CANADA RESEARCH GRANT 5000 CHECK/WIRE TRANSFER CASH VALUE AUSTRALIA RESEARCH GRANT 60000 WIRE TRANSFER CASH VALUE 0 2 RESEARCH AND FELLOWSHIP GRANTS EAST ASIA & THE PACIFIC 1 8750 CHECK CASH VALUE RESEARCH AND FELLOWSHIP GRANTS NORTH AMERICA 7 13500 CHECK CASH VALUE 0 0 0 0 0 0 SILENT AUCTION 18974 18974 4710 18974 18974 4710 4710 -4710 1 FOUNDATION FOR EDUCATION AND RESEARCH 505 J DAVIS ARMISTEAD BLDG HOUSTON TX 772042020 760216422 501C(3) 8000 SCHOLARSHIP ILLINOIS COLLEGE OF OPTOMETRY 3241 S MICHIGAN AVE CHICAGO IL 60616 362310478 501C(3) 9500 SCHOLARSHIP INDIANA UNIVERSITY 800 E ATWATER AVE RM 310 BLOOMINGTON IN 47405 356002673 7500 SCHOLARSHIP INTERAMERICAN UNIV OF PUERTO RICO 500 JOHN WILL HARRIS AVE BAYAMON PR 00957 660177776 501C(3) 8000 SCHOLARSHIP MICHIGAN COLLEGE OF OPTOMETRY 1124 STATE STREET BIG RAPIDS MI 49307 383008546 501C(3) 7500 SCHOLARSHIP MIDWESTERN UNIVERSITY 19555 N 59TH AVE GLENDALE AZ 85308 363377698 7500 SCHOLARSHIP NEW ENGLAND COLLEGE OF OPTOMETRY 424 BEACON STREET BOSTON MA 02115 041591060 501C(3) 7500 SCHOLARSHIP NORTHEASTERN STATE UNIVERSITY 601 N GRAND AVE TAHLEQUAH OK 74464 736017987 9500 SCHOLARSHIP NOVA SOUTHEASTERN UNIVERSITY 3200 SOUTH UNIVERSITY DRIVE FORT LAUDERDALE FL 33328 591083502 501C(3) 7500 SCHOLARSHIP PACIFIC UNIVERSITY 2043 COLLEGE WAY FOREST GROVE OR 97116 930386892 501C(3) 8000 SCHOLARSHIP SALUS UNIVERSITY 8360 OLD YORK RD ELKINS PARK PA 190271598 231413680 501C(3) 10000 SCHOLARSHIP SOUTHERN CALIFORNIA COLLEGE OF OPT 2575 YORBA LINDA BLVD FULLERTON CA 92831 951644593 501C(3) 8000 SCHOLARSHIP SOUTHERN COLLEGE OF OPTOMETRY 1245 MADISON AVE MEMPHIS TN 38104 620548917 501C(3) 10000 SCHOLARSHIP SUNY STATE COLLEGE OF OPTOMETRY 33 WEST 42ND ST NEW YORK NY 10036 146013200 37500 SCHOLARSHIP AND RESEARCH GRANT THE OHIO STATE UNIVERSITY 338 W 10TH AVE COLUMBUS OH 432101240 316025986 8000 SCHOLARSHIP UNIVERSITY OF ALABAMA 1716 UNIVERSITY BLVD ROOM 124J BIRMINGHAM AL 35124 636005396 11500 SCHOLARSHIP UNIVERSITY OF CALIFORNIA 380 MINOR HALL BERKELEY CA 94720 940002123 8000 SCHOLARSHIP UNIVERSITY OF MISSOURI AT ST LOUIS COLLEGE OF OPTOMETRY ONE UNIVERSITY BLVD ST LOUIS MO 631214400 436003859 9500 SCHOLARSHIP UNIVERSITY OF THE INCARNATE WORD 9725 DATAPOINT DRIVE SAN ANTONIO TX 78229 741109661 501C(3) 13000 SCHOLARSHIP WESTERN UNIVERSITY OF HEALTH SCIENCES 309 E SECOND ST POMONA CA 91766 953127273 501C(3) 15000 SCHOLARSHIP MASSACHUSETTS COLLEGE 10 LINCOLN SQ WORCHESTER MA 01608 042104700 501C(3) 7500 SCHOLARSHIP 13 8 RESEARCH/FELLOWSHIP GRANTS 72 128520 PART I, LINE 2: GRANT RECIPIENTS MUST SUBMIT A REPORT OF THEIR RESEARCH FINDINGS NO LATER THAN ONE YEAR POST AWARD. TRAVEL FELLOWSHIPS MUST ATTEND THE ANNUAL MEETING IN ORDER TO RECEIVE THEIR FUNDING/AWARDS. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 LOIS SCHOENBRUN EXECUTIVE DIRECTOR 0 189079 0 5000 0 0 0 15215 0 16876 0 226170 0 0 PART I, LINE 1A PART I, LINE 1A: HEALTH CLUB DUES OF $220 - LOIS SCHOENBRUN; $200 - RICHARD JONES - NOT INCLUDIBLE IN TAXABLE INCOME. ALL EMPLOYEES ARE ELIGIBLE TO RECEIVE UP TO $20 DOLLARS A MONTH FOR GYM AND HEALTH CLUB DUES. PART I, LINE 3 LOIS SCHOENBRUN'S COMPENSATION IS DETERMINED BY THE AMERICAN ACADEMY OF OPTOMETRY VIA WRITTEN EMPLOYEE CONTRACT, COMPENSATION SURVEYS OR STUDIES, AND APPROVAL BY COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO BEING FILED, THE FORM 990 WAS REVIEWED BY THE FINANCE COMMITTEE AND PRESENTED TO THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE AMERICAN OPTOMETRIC FOUNDATION FOLLOWS THE CONFLICT OF INTEREST POLICY OF THE AMERICAN ACADEMY OF OPTOMETRY. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO ALL BOARD MEMBERS, OFFICERS, STAFF AND CONTRACTORS. WHEN A POTENTIAL OR ACTUAL CONFLICT ARISES, THE INDIVIDUAL WITH THE CONFLICT IS REQUIRED TO NOTIFY THE BOARD OF DIRECTORS OF THE CONFLICT, ABSTAIN FROM ANY DISCUSSION OF THE TRANSACTION, AND ABSTAIN FROM VOTING ON THE TRANSACTION. THE EXECUTIVE DIRECTOR AND THE EXECUTIVE ASSISTANT OVERSEE THE PROCEDURE AND ALL BOARD MEMBERS AND OFFICERS ARE REQUIRED TO COMPLETE A NEW DISCLOSURE FORM EVERY TWO YEARS. THE EXECUTIVE DIRECTOR AND EXECUTIVE ASSISTANT OVERSEE THESE PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'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 EXECUTIVE DIRECTOR CONTRACT. THIS PROCESSED LAST OCCURRED IN 2016. 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 VII, SECTION A ALLOCATION OF TIME BETWEEN RELATED ORGANIZATIONS LOIS SCHOENBRUN IS THE EXECUTIVE DIRECTOR OF AMERICAN OPTOMETRIC FOUNDATION AND OF AMERICAN ACADEMY OF OPTOMETRY, A RELATED ORGANIZATION. HER AVERAGE WEEKLY HOURS SPENT WORKING FOR EACH ORGANIZATION ARE: AMERICAN ACADEMY OF OPTOMETRY - 32 HOURS PER WEEK AMERICAN OPTOMETRIC FOUNDATION - 8 HOURS PER WEEK RICHARD JONES IS THE SENIOR DIRECTOR OF FINANCE OF AMERICAN OPTOMETRIC FOUNDATION AND OF AMERICAN ACADEMY OF OPTOMETRY, A RELATED ORGANIZATION. HIS AVERAGE WEEKLY HOURS SPENT WORKING FOR EACH ORGANIZATION ARE: AMERICAN ACADEMY OF OPTOMETRY - 28 HOURS PER WEEK AMERICAN OPTOMETRIC FOUNDATION - 12 HOURS PER WEEK JEFFREY WALLINE AND PETE KOLLBAUM ARE BOARD MEMBERS OF AMERICAN OPTOMETRIC FOUNDATION AND OF AMERICAN ACADEMY OF OPTOMETRY, A RELATED ORGANIZATION. THEIR AVERAGE WEEKLY HOURS SPENT WORKING FOR EACH ORGANIZATION ARE: AMERICAN ACADEMY OF OPTOMETRY - 10 HOURS PER WEEK AMERICAN OPTOMETRIC FOUNDATION - 5 HOURS PER WEEK FORM 990, PART IX, LINE 11G FEES FOR OTHER SERVICES: PROGRAM SERVICE EXPENSES 99,528. MANAGEMENT AND GENERAL EXPENSES 27,144. FUNDRAISING EXPENSES 54,288. TOTAL EXPENSES 180,960. FORM 990, PART XII, LINE 2C OVERSIGHT OF AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT THE BOARD OF DIRECTORS OF THE AMERICAN ACADEMY OF OPTOMETRY (A RELATED ORGANIZATION) IS RESPONSIBLE FOR THE ANNUAL SELECTION, MONITORING AND EVALUATION OF AN INDEPENDENT AUDIT FIRM AND OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THIS PROCESS LAST OCCURRED IN 2015 AND THERE WAS NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR. AMERICAN ACADEMY OF OPTOMETRY 2909 FAIRGREEN STREET ORLANDO FL 32803 411227642 OPTOMETRIC RESEARCH & SUPPORT DC 501(C)(3) LINE 9 N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0 AMERICAN ACADEMY OF OPTOMETRY N 127027 AMERICAN ACADEMY OF OPTOMETRY C 180961