National Optometric Foundation

Nonprofit profile at a glance

EIN
510190299
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2021
Location
Charlotte, NC, USA
Phone
7042775481
Rating
90
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$43,234
Expenses
$45,362
Assets
$93,590

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • SHERROL REYNOLDS (PRESIDENT)

People named in this filing

  • SHERROL REYNOLDS (PRESIDENT)
  • TIMOTHY BROWN OD (BOARD MEMBER)
  • PAULA BOONE OD (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Support long-term solutions to visual health problems among minority populations.

What it reported doing in 2024

Provide student scholarships, student matriculation initiatives and ocular health education and awareness programs.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 84% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 100
  • Sustainability: 43
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.5%; rating input score 96
  • Program expense ratio: 91%; rating input score 91

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -4.9%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 2.06; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -60.7% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -64.8% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 2.5% per year; rating input score 100; 49th percentile among comparable filings

Details

  • Where the money goes: 95.5% of revenue deployed · 91% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $41K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.