SOUTHERN COLLEGE OF OPTOMETRY: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- SOUTHERN COLLEGE OF OPTOMETRY (EIN 62-0548917)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2025-11-14
- IRS object ID
- 202523189349315722
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-14T18:38:13-06:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 621804252 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Watkins Uiberall PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1661 Aaron Brenner Dr STE 300 | AddressLine1Txt |
| City | Memphis | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38120 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620548917 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Southern College of Optometry | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SOUT | BusinessNameControlTxt |
| Phone | 9017223200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1245 Madison Ave | AddressLine1Txt |
| City | Memphis | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38104 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | David West | PersonNm |
| Person Title | V.P. for Finance & Administration | PersonTitleTxt |
| Phone | 9017223200 | PhoneNum |
| Signature | 2025-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeff Thomason | PreparerPersonNm |
| PTIN | P00976026 | PTIN |
| Phone | 9017612720 | PhoneNum |
| Preparation | 2025-11-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | David West | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1245 Madison Ave | AddressLine1Txt |
| City | Memphis | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $36,621,932 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.sco.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1932 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | The organization operates a School of Optometry and Clinic. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 16 | VotingMembersIndependentCnt |
| Total Employee | 236 | TotalEmployeeCnt |
| Total Volunteers | 12 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,677,876 | PYContributionsGrantsAmt |
| CY Contributions Grants | $5,564,083 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $27,179,934 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $27,772,638 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,328,686 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,030,493 | CYInvestmentIncomeAmt |
| PY Other Revenue | $313,157 | PYOtherRevenueAmt |
| CY Other Revenue | $214,813 | CYOtherRevenueAmt |
| PY Total Revenue | $30,499,653 | PYTotalRevenueAmt |
| CY Total Revenue | $35,582,027 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $22,642,933 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $23,427,823 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $149,568 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $11,590,479 | PYOtherExpensesAmt |
| CY Other Expenses | $12,510,574 | CYOtherExpensesAmt |
| PY Total Expenses | $34,233,412 | PYTotalExpensesAmt |
| CY Total Expenses | $35,938,397 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$3,733,759 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$356,370 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $90,420,443 | TotalAssetsBOYAmt |
| Total Assets EOY | $95,787,704 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $16,686,245 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $17,769,193 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $73,734,198 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $78,018,511 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To lead the profession by: educating the best possible healthcare providers, promoting lifelong learning, and fostering a personal commitment to service. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $22,113,765 | ExpenseAmt |
| Revenue | $27,772,638 | RevenueAmt |
| Desc | School of optometry, clinic, educational process and student training. | Desc |
| Total Program Service Expenses | $22,113,765 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 60 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 236 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 16 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | David West | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9017223200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1245 Madison Avenue | AddressLine1Txt |
| City | Memphis | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38104 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| Mark R Kapperman OD | |||||||
| Chair | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Lynn T Shaw | |||||||
| Vice Chair | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Jennifer Lyerly OD | |||||||
| Secretary | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Betty Harville Brown OD | |||||||
| Trustee-at-Large | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| James K Kirchner OD | |||||||
| Trustee-at-Large | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Allan Barker OD | |||||||
| Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Marie I Bodack OD | |||||||
| Faculty Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Renee Braums | |||||||
| Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Darby Chiasson OD | |||||||
| Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Arthur R Dampier OD | |||||||
| Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Anita Davis PhD | |||||||
| Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Vicki Farmer | |||||||
| Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Emily Gibbons | |||||||
| Student Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Charles Glaser OD | |||||||
| Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Charles Kinnaird OD | |||||||
| Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Stuart R Tasman OD | |||||||
| Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Lewis Reich OD | |||||||
| President | 40.00 | Yes (X) | $403,159 | $0 | $59,356 | ||
| David L West | |||||||
| Secretary/Treasurer | 40.00 | Yes (X) | $218,250 | $0 | $31,368 | ||
| John B Campbell OD | |||||||
| Vice President | 40.00 | Yes (X) | $225,510 | $0 | $37,180 | ||
| Joe Hauser | |||||||
| V.P. Student Services | 40.00 | $184,828 | $0 | $22,339 | Yes (X) | ||
| Michael S Ensor OD | |||||||
| V.P. Clinical Programs | 40.00 | $164,097 | $0 | $28,113 | Yes (X) | ||
| Daniel Fuller | |||||||
| Faculty | 40.00 | $190,859 | $0 | $24,567 | Yes (X) | ||
| Christopher W Lievens | |||||||
| Faculty | 40.00 | $177,154 | $0 | $33,399 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,563,857 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $236,322 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 65 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| VIKTORHALL CONSTRUCTION LLC | |||||
| 1288 DOVECREST RD | MEMPHIS | TN | 38134 | Construction Services | $556,846 |
| Bob Carter Companies LLC | |||||
| 2145 14th Avenue Suite 26 | Vero Beach | FL | 32960 | Consulting Services | $170,882 |
| Fayette Janitorial Services LLC | |||||
| 5100 Poplar Avenue | Memphis | TN | 38137 | Cleaning Services | $117,660 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $2,946,309 | GovernmentGrantsAmt |
| All Other Contributions | $2,617,774 | AllOtherContributionsAmt |
| Total Contributions | $5,564,083 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Tuition and Fees | 541900 | $19,358,478 | $19,358,478 |
| Educational Dept | 541900 | $8,183,205 | $8,183,205 |
| Student Loan Interest Revenue | 541900 | $230,955 | $230,955 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $27,772,638 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,030,493 | TotalRevenueColumnAmt |
| Exclusion | $2,030,493 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $1,254,718 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $1,039,905 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $214,813 | TotalRevenueColumnAmt |
| Exclusion | $214,813 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $35,582,027 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $27,772,638 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,245,306 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $628,669 | TotalAmt |
| Program Services | $276,826 | ProgramServicesAmt |
| Management And General | $338,343 | ManagementAndGeneralAmt |
| Fundraising | $13,500 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,259,712 | TotalAmt |
| Program Services | $12,559,593 | ProgramServicesAmt |
| Management And General | $4,600,198 | ManagementAndGeneralAmt |
| Fundraising | $99,921 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,539,442 | TotalAmt |
| Program Services | $3,485,535 | ProgramServicesAmt |
| Management And General | $2,053,907 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $178,170 | TotalAmt |
| Management And General | $178,170 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,800 | TotalAmt |
| Management And General | $75,800 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,623,423 | TotalAmt |
| Program Services | $1,021,007 | ProgramServicesAmt |
| Management And General | $602,416 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $331,317 | TotalAmt |
| Management And General | $331,188 | ManagementAndGeneralAmt |
| Fundraising | $129 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $888,005 | TotalAmt |
| Program Services | $211,935 | ProgramServicesAmt |
| Management And General | $673,621 | ManagementAndGeneralAmt |
| Fundraising | $2,449 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $173,780 | TotalAmt |
| Management And General | $173,780 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $420,788 | TotalAmt |
| Program Services | $163,207 | ProgramServicesAmt |
| Management And General | $240,893 | ManagementAndGeneralAmt |
| Fundraising | $16,688 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $117,378 | TotalAmt |
| Management And General | $117,378 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,515,293 | TotalAmt |
| Program Services | $681,882 | ProgramServicesAmt |
| Management And General | $833,411 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $497,783 | TotalAmt |
| Program Services | $224,002 | ProgramServicesAmt |
| Management And General | $273,781 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Repairs and Maintenance | $1,822,433 | $822,832 | $999,601 | |
| Medical Supplies | $1,815,403 | $1,815,403 | ||
| Special Events | $634,034 | $109,849 | $509,336 | $14,849 |
| Other Services | $619,073 | $22,853 | $596,220 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,797,894 | TotalAmt |
| Program Services | $718,841 | ProgramServicesAmt |
| Management And General | $1,077,021 | ManagementAndGeneralAmt |
| Fundraising | $2,032 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,938,397 | TotalAmt |
| Program Services | $22,113,765 | ProgramServicesAmt |
| Management And General | $13,675,064 | ManagementAndGeneralAmt |
| Fundraising | $149,568 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,847,632 | BOYAmt |
| EOY | $4,616,765 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,076 | BOYAmt |
| EOY | $1,020,882 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $615,523 | BOYAmt |
| EOY | $327,237 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,581,408 | BOYAmt |
| EOY | $12,358,204 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $461,993 | BOYAmt |
| EOY | $471,348 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $218,403 | BOYAmt |
| EOY | $167,798 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $52,912,497 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $29,008,877 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,006,974 | BOYAmt |
| EOY | $23,903,620 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,413,050 | BOYAmt |
| EOY | $51,501,939 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,175,384 | BOYAmt |
| EOY | $1,419,911 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,420,443 | BOYAmt |
| EOY | $95,787,704 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,093,266 | BOYAmt |
| EOY | $2,611,048 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,436,194 | BOYAmt |
| EOY | $3,302,610 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,156,785 | BOYAmt |
| EOY | $11,855,535 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,686,245 | BOYAmt |
| EOY | $17,769,193 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,960,271 | BOYAmt |
| EOY | $48,198,269 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,773,927 | BOYAmt |
| EOY | $29,820,242 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,734,198 | BOYAmt |
| EOY | $78,018,511 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,420,443 | BOYAmt |
| EOY | $95,787,704 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$356,370 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $4,640,683 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $36,029,177 | BeginningYearBalanceAmt |
| Contributions | $1,505,125 | ContributionsAmt |
| Investment Earnings Or Losses | $3,832,507 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,738,182 | GrantsOrScholarshipsAmt |
| End Year Balance | $37,628,627 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $35,713,882 | BeginningYearBalanceAmt |
| Contributions | $421,505 | ContributionsAmt |
| Investment Earnings Or Losses | $3,173,452 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $3,279,662 | GrantsOrScholarshipsAmt |
| End Year Balance | $36,029,177 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $36,885,037 | BeginningYearBalanceAmt |
| Contributions | -$827,038 | ContributionsAmt |
| Investment Earnings Or Losses | $2,630,578 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,974,695 | GrantsOrScholarshipsAmt |
| End Year Balance | $35,713,882 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $42,463,686 | BeginningYearBalanceAmt |
| Contributions | $3,555,284 | ContributionsAmt |
| Investment Earnings Or Losses | -$6,587,064 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,546,869 | GrantsOrScholarshipsAmt |
| End Year Balance | $36,885,037 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $42,601,772 | BeginningYearBalanceAmt |
| Contributions | -$7,199,153 | ContributionsAmt |
| Investment Earnings Or Losses | $9,050,747 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,989,680 | GrantsOrScholarshipsAmt |
| End Year Balance | $42,463,686 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.26666 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.36330 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.37004 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,798,551 | OtherCostOrOtherBasisAmt |
| Book Value | $3,798,551 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $27,094,559 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,782,543 | DepreciationAmt |
| Book Value | $14,312,016 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,348,432 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,873,703 | DepreciationAmt |
| Book Value | $1,474,729 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,670,955 | OtherCostOrOtherBasisAmt |
| Depreciation | $13,352,631 | DepreciationAmt |
| Book Value | $4,318,324 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $23,903,620 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Advances from the Federal Government for Student Loans | $9,405,979 |
| Line of Credit | $1,000,000 |
| Operating Lease Liability | $1,449,556 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $11,855,535 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $41,262,615 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $4,640,683 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $1,039,905 | OtherRevenueAmt |
| Revenue Not Reported | $5,680,588 | RevenueNotReportedAmt |
| Revenue Subtotal | $35,582,027 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $35,582,027 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $36,978,302 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,039,905 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,039,905 | ExpensesNotReportedAmt |
| Expenses Subtotal | $35,938,397 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $35,938,397 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part V, Line 4: | Endowment fund created to accumulate monies to support the college and its mission over the long term. |
| Part XI, Line 2d - Other Adjustments: | Cost of Goods Sold |
| Part XII, Line 2d - Other Adjustments: | Cost of Goods Sold |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | Equal opportunity statement and nondiscrimination policy is included in all official literature and promotional material. Souther College of Optometry receives funds from government agencies for the benefit of certain students. |
| Schedule E, Part I, Line 6 | Southern College of Optometry receives government assistance to help in funding the school's federal work study program for participating students. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lewis Reich OD | ||||||||||||||
| President | $403,159 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $59,356 | $0 | $462,515 | $0 | $0 | $0 |
| John B Campbell OD | ||||||||||||||
| Vice President | $225,510 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $37,180 | $0 | $262,690 | $0 | $0 | $0 |
| David L West | ||||||||||||||
| Secretary/Treasurer | $218,250 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $31,368 | $0 | $249,618 | $0 | $0 | $0 |
| Daniel Fuller | ||||||||||||||
| Faculty | $190,859 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $24,567 | $0 | $215,426 | $0 | $0 | $0 |
| Christopher W Lievens | ||||||||||||||
| Faculty | $177,154 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $33,399 | $0 | $210,553 | $0 | $0 | $0 |
| Joe Hauser | ||||||||||||||
| V.P. Student Services | $184,828 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $22,339 | $0 | $207,167 | $0 | $0 | $0 |
| Michael S Ensor OD | ||||||||||||||
| V.P. Clinical Programs | $164,097 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $28,113 | $0 | $192,210 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, line 11b | A copy of the 990 is provided to the Executive Committee and Board of Trustees. The Executive Committee reviews the Form 990 on behalf of the Board of Trustees before filing. |
| Form 990, Part VI, Section B, line 12c | The Executive Committee of the Board of Trustees reviews and approves based on data comparable to other institutions. Board members are required to disclose annually and no such conflicts exist. |
| Form 990, Part VI, Section B, line 15a | The Board of Trustee Executive Committee provides recommendations for the compensation of the president based on data comparable to other institutions, written employment contracts, and compensation studies and surveys. Compensation is approved by the board. |
| Form 990, Part VI, Section C, line 19 | The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. |
| PART XII, LINE 2C | The process has not changed from the prior year. |
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