2025-05-12T11:20:22-05:00 2024-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-07-01 521005768 ASSOCIATION OF SCHOOLS AND COLLEGES OF OPTOMETRY ASSO 3012315944 143 ROLLINS AVE 2046 ROCKVILLE MD 20847 DAWN MANCUSO EXECUTIVE VP/CEO 3012315944 2025-05-12 1 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2023 2025-03-06 01:10:19Z DAWN MANCUSO 143 ROLLINS AVE 2046 ROCKVILLE MD 20847 3856503 0 X WWW.OPTOMETRICEDUCATION.ORG X 1972 MD SEE PART III, LINE 1. 24 24 9 500 40288 0 873810 557296 2596623 2967471 268353 50170 15435 767 3754221 3575704 0 0 0 0 1256650 1257072 0 0 249827 2323951 2178335 3580601 3435407 173620 140297 11311771 12125222 843679 435758 10468092 11689464 X THE ASSOCIATION OF SCHOOLS AND COLLEGES OF OPTOMETRY (ASCO) ADVANCES OPTOMETRIC EDUCATION AND RESEARCH TO ENHANCE THE HEALTH AND WELL-BEING OF THE PUBLIC. 0 0 1433923 1910094 APPLICANT DEVELOPMENT/STUDENT AND RESIDENT PROGRAM - PROMOTED THE FIELD OF OPTOMETRY TO A DIVERSIFIED AND QUALIFIED GROUP OF HIGH SCHOOL AND COLLEGE STUDENTS VIA BROCHURES, INFORMATIONAL MATERIALS, DATA, WEBSITE, AND SOCIAL MEDIA. 532181 573556 FACULTY DEVELOPMENT AND INVOLVEMENT - ASCO HOLDS SPECIAL INTEREST GROUP MEETINGS WHERE FACULTY CAN SHARE DEVELOPMENTS IN THEIR PARTICULAR FIELDS OF INTEREST AND DEVELOP POLICY RECOMMENDATIONS THAT SUPPORT A HIGH QUALITY OF OPTOMETRIC EDUCATION. ASCO ALSO DEVELOPS AND ADMINISTERS FACULTY TRAINING PROGRAMS, IN BOTH LIVE AND VIRTUAL FORMATS, SUCH AS THE FUTURE FACULTY PROGRAM, THE SUMMER INSTITUTE FOR FACULTY DEVELOPMENT, THE OPTOMETRIC EDUCATION LEADERSHIP INSTITUTE, THE ONLINE CLINICAL EDUCATORS FORUM, AND RECENT DEI-FOCUSED TOWN HALL MEETINGS/WEBINARS. 191103 195414 COMMUNICATIONS - THE COMMUNICATIONS DEPARTMENT OVERSEES ALL INTERNAL AND EXTERNAL COMMUNICATIONS FOR ASCO, INCLUDING ITS WEBSITES, NEWSLETTER, JOURNAL, SOCIAL MEDIA FEEDS, PRESS RELEASES, AND CORRESPONDENCE WITH ALL CONSTITUENTS, INCLUDING MEMBERS OF THE MEDIA. 190800 154660 BOARD ACTIVITIES - BOARD ACTIVITIES INCLUDE THOSE ASSOCIATED WITH GOVERNING THE ASSOCIATION, INCLUDING HOLDING MEETINGS OF THE BOARD OF DIRECTORS AND THE ANNUAL MEETING; NOMINATING OFFICERS; ORIENTING AND TRAINING NEW BOARD MEMBERS AND OFFICERS; AND STRATEGIC PLANNING ACTIVITIES. 97209 48974 ADVOCACY - ASCO SERVES AS THE LEADING VOICE FOR OPTOMETRIC EDUCATION. IT ACCOMPLISHES THIS THROUGH COLLABORATION WITH OTHER ASSOCIATIONS, ORGANIZATIONS, AND COALITIONS TO OPTIMIZE RELATIONSHIPS WITH EXTERNAL STAKEHOLDERS WHO LOOK TO ASCO AS A RESOURCE FOR RELIABLE INFORMATION PERTAINING TO OPTOMETRIC EDUCATION, AND ADVOCATING FOR POLICY CHANGES THAT WILL PROMOTE EXCELLENCE IN OPTOMETRIC EDUCATION. THROUGH THESE EXTERNAL GROUPS, ASCO ALSO ADVOCATES FOR INCREASED FUNDING FOR MORE OPTOMETRY-LED RESEARCH AT ASCO MEMBER INSTITUTIONS THROUGH PARTICIPATION. 130087 84712 DATA COLLECTION AND ANALYSIS - ASCO COLLECTS AND ANALYZES DATA ABOUT THE APPLICANTS, STUDENTS, RESIDENTS, FACULTY, AND INSTITUTIONS INVOLVED IN OPTOMETRIC EDUCATION FOR THE BENEFIT OF ITS MEMBERS AND FOR INFORMING EXTERNAL STAKEHOLDERS ABOUT THE TRENDS IN ACADEMIC OPTOMETRY. 589 61 SPECIAL PROJECTS - FROM TIME TO TIME, ASCO WILL ENGAGE IN INITIATIVES THAT FALL OUTSIDE THE SCOPE OF ITS KEY STRATEGIC OBJECTIVES OF APPLICANT POOL DEVELOPMENT, ADVOCACY, CAREER AND LEADERSHIP DEVELOPMENT, AND ORGANIZATIONAL SUSTAINABILITY AND INFRASTRUCTURE. THESE SPECIAL PROJECTS ADVANCE OPTOMETRIC EDUCATION AND THE FIELD OF OPTOMETRY IN NEW AND INNOVATIVE WAYS. 418685 288407 2575892 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 1 9 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X SUSAN HUGHES 3012315944 143 ROLLINS AVE 2046 ROCKVILLE MD 20847 MARK COLIP PRESIDENT 10.00 X X 0 0 0 FRASIER HORN PRESIDENT-ELECT 5.00 X X 0 0 0 ALICIA FEIS TREASURER 5.00 X X 0 0 0 KESHIA ELDER SECRETARY 5.00 X X 0 0 0 MELISSA TREGO IMMEDIATE PAST-PRESIDENT 5.00 X X 0 0 0 ERIC BORSTING AT LARGE MEMBER 1.00 X 0 0 0 ROWAN CANDY AT LARGE MEMBER (UNTIL 5/31/24) 1.00 X 0 0 0 NANCY COLETTA AT LARGE MEMBER 1.00 X 0 0 0 DONALD EGAN AT LARGE MEMBER (UNTIL 2/29/24) 1.00 X 0 0 0 JOHN FLANAGAN AT LARGE MEMBER 1.00 X 0 0 0 SANDRA FORTENBERRY AT LARGE MEMBER 1.00 X 0 0 0 DAVID HEATH AT LARGE MEMBER 1.00 X 0 0 0 ADAM HICKENBOTHAM AT LARGE MEMBER 1.00 X 0 0 0 ELIZABETH HOPPE AT LARGE MEMBER 1.00 X 0 0 0 KELLY NICHOLS AT LARGE MEMBER 1.00 X 0 0 0 ANDRES PAGAN AT LARGE MEMBER 1.00 X 0 0 0 DOUG PENISTEN AT LARGE MEMBER 1.00 X 0 0 0 HOWARD PURCELL AT LARGE MEMBER 1.00 X 0 0 0 RENEE REEDER AT LARGE MEMBER (FROM 3/1/24) 1.00 X 0 0 0 LEWIS REICH AT LARGE MEMBER 1.00 X 0 0 0 LINDA ROUSE AT LARGE MEMBER 1.00 X 0 0 0 MELISSA SUCKOW AT LARGE MEMBER 1.00 X 0 0 0 DANIEL TAYLOR AT LARGE MEMBER 1.00 X 0 0 0 MICHAEL TWA AT LARGE MEMBER 1.00 X 0 0 0 SURESH VISWANATHAN AT LARGE MEMBER (FROM 6/1/24) 1.00 X 0 0 0 JEFFREY WALLINE AT LARGE MEMBER (FROM 11/1/24) 1.00 X 0 0 0 KARLA ZADNIK AT LARGE MEMBER (UNTIL 10/31/23) 1.00 X 0 0 0 DAWN MANCUSO EXECUTIVE VICE PRESIDENT/CEO 35.00 X 307980 0 56028 DAVID O'DONNELL DIRECTOR, DEVELOPMENT 35.00 X 148954 0 25255 PAIGE PENCE DIR., STUDENT & RESIDENCY AFFAIRS 35.00 X 130190 0 27549 KIM O'SULLIVAN DIRECTOR, COMMUNICATIONS 35.00 X 126543 0 27424 713667 0 136256 4 0 1 0 TRUTH COLLECTIVE LLC 25 RUSSELL STREET ROCHESTER NY 14607 PR SERVICES & AD COMMISSIONS 499230 1 557296 1730 557296 MEMBERSHIP 900099 1874464 1874464 OPTOMCAS 900099 359374 359374 OAT FEES 900099 336380 336380 SPONSORSHIP 900099 295500 295500 REGISTRATION FEES 900099 40585 40585 61168 20880 40288 2967471 271993 271993 58976 280799 -221823 -221823 -221823 MISCELLANEOUS 900099 767 767 767 3575704 2927183 40288 50937 X 361434 231318 104816 25300 674388 450236 72993 151159 65244 43577 6938 14729 92348 61365 11895 19088 63658 41953 10489 11216 2713 325 2388 117871 117871 58977 58977 590892 590892 621661 620917 744 17720 3460 14259 1 151401 83934 67083 384 85811 85811 144120 126499 4556 13065 274970 260354 1657 12959 20055 20055 16150 16150 DUES & SUBSCRIPTIONS 32413 30132 1871 410 PRINTING 15039 14810 66 163 REGISTRATION FEES 8482 8482 PROF. DEVELOPMENT 5291 1898 2193 1200 14769 5740 8876 153 3435407 2575892 609688 249827 1464155 1197155 140500 118333 79737 110250 82211 138612 194003 122396 76831 71607 9344463 10445167 2400 2000 121474 42098 11311771 12125222 158334 207189 552803 188434 132542 40135 843679 435758 X 5335105 5919181 5132987 5770283 10468092 11689464 11311771 12125222 140297 1081075 0 X 0 1 X 1 0 X 467201 510194 656442 873810 557296 3064943 2204746 2205484 2122465 2567296 2927183 12027174 2671947 2715678 2778907 3441106 3484479 15092117 0 1350984 1403594 1265432 1263356 1636917 6920283 1350984 1403594 1265432 1263356 1636917 6920283 8171834 335388 271740 394714 262627 271993 1536462 335388 271740 394714 262627 271993 1536462 310 51 845 15435 767 17408 3007645 2987469 3174466 3719168 3757239 16645987 0.49090 0.48650 0.09230 0.10420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 3376430 3376430 318822 79706 0 0 291913 305162 329030 318822 1244927 1867391 72978 76291 82258 79706 311233 466850 8883937 17375 1064756 37671 9928397 8436869 16000 841236 410168 8883937 10086172 205395 -1200927 376708 277063 8436869 8275764 223021 2188216 205131 395698 10086172 8411419 186150 82326 159811 244320 8275764 0.50360 0.48150 0.01490 0 0 16825 16016 809 41517 36068 5449 135661 70312 65349 71607 OPERATING LEASE LIABILITY 40135 40135 4597802 1081075 1081075 3516727 58977 58977 3575704 3376430 0 3376430 58977 58977 3435407 PART V, LINE 4: BOARD DESIGNATED ENDOWMENT: TO MEET THE FUTURE NEEDS OF THE ORGANIZATION AND TO ENSURE A SUFFICIENCY OF INCOME TO BRIDGE A POSSIBLE BUDGET SHORTFALL. PERMANENT ENDOWMENT: THE PERMANENT ENDOWMENT IS COMPRISED OF THE INITIAL CORPUS OF THE PARTNERSHIP ENDOWMENT ALL FUTURE CONTRIBUTIONS AND A PORTION OF THE ANNUAL INVESTMENT INCOME. THE PARTNERSHIP ENDOWMENT WAS ESTABLISHED TO ADVANCE OPTOMETRIC EDUCATION. TEMPORARY RESTRICTED ENDOWMENT: A PORTION OF THE ANNUAL INVESTMENT INCOME IS AVAILABLE FOR DISTRIBUTION TO ASCO FOR INITIATIVES THAT ADVANCE OPTOMETRIC EDUCATION. A PORTION IS ALSO AVAILABLE FOR DISTRIBUTION THROUGH GRANTS TO ASCO'S MEMBER SCHOOLS. THESE DISTRIBUTIONS WILL BE USED FOR QUALIFIED PROGRAMS OR PROJECTS TO ADVANCE OPTOMETRIC EDUCATION. X X X 0 0 0 0 0 0 0 1 0 DAWN MANCUSO EXECUTIVE VICE PRESIDENT/CEO 297980 0 10000 0 0 0 30798 0 25230 0 364008 0 0 0 DAVID O'DONNELL DIRECTOR, DEVELOPMENT 148954 0 0 0 0 0 14895 0 10360 0 174209 0 0 0 PAIGE PENCE DIR., STUDENT & RESIDENCY AFFAIRS 126690 0 3500 0 0 0 13019 0 14530 0 157739 0 0 0 KIM O'SULLIVAN DIRECTOR, COMMUNICATIONS 123043 0 3500 0 0 0 12654 0 14770 0 153967 0 0 0 PART I, LINE 7 THE FOLLOWING EMPLOYEES RECEIVED MERIT-BASED BONUSES DURING 2023: - DAWN MANCUSO $10,000 - PAIGE PENCE $3,500 - KIM O'SULLIVAN $3,500 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY SENIOR MANAGEMENT. A FINAL COPY OF THE FORM 990 WAS REVIEWED BY THE BOARD BEFORE IT WAS FILED WITH THE IRS. EACH BOARD MEMBER WAS PROVIDED ONE WEEK TO ASK QUESTIONS OF THE TREASURER AND RECEIVE ANSWERS. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST STATEMENT IS FURNISHED TO EACH DIRECTOR OR OFFICER, EMPLOYEE AND/OR CONTRACTOR WHO SERVES THE ASSOCIATION. THIS POLICY IS REVIEWED ANNUALLY FOR INFORMATION AND GUIDANCE OF DIRECTORS AND OFFICERS, STAFF MEMBERS AND CONTRACTORS. NEW OFFICERS AND DIRECTORS, STAFF MEMBERS AND CONTRACTORS ARE ADVISED OF THE POLICY UPON UNDERTAKING THE DUTIES OF THEIR OFFICES. PRIOR TO THE BEGINNING OF EACH BOARD AND ANNUAL MEETING, THE PRESIDENT VERBALLY REQUESTS THAT ALL MEMBERS IDENTIFY ANY AGENDA ISSUES THAT MAY POSE A CONFLICT OF INTEREST. PRIOR TO EACH FALL BOARD MEETING, THE EXECUTIVE DIRECTOR OR APPROPRIATE STAFF REQUESTS ALL BOARD MEMBERS TO PROVIDE ANNUAL UPDATES OF THEIR ASCO CONFLICT OF INTEREST DECLARATIONS. IF ANY SUCH CONFLICT OF INTEREST ARISES, THE INTERESTED PERSON IS CALLED TO THE ATTENTION OF THE BOARD OF DIRECTORS FOR RESOLUTION. IF THE CONFLICT RELATES TO A MATTER REQUIRING BOARD ACTION, SUCH PERSON DOES NOT VOTE ON THE MATTER OR IS ASKED TO LEAVE THE ROOM DURING DELIBERATIONS AND VOTING ON THE ISSUE. WHEN THERE IS A DOUBT AS TO WHETHER ANY CONFLICT OF INTEREST EXISTS, THE MATTER IS RESOLVED BY A VOTE OF THE BOARD OF DIRECTORS, EXCLUDING THE PERSON WHO IS THE SUBJECT OF THE POSSIBLE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS MEETS EACH YEAR WITH THE EXECUTIVE VICE PRESIDENT/CEO TO REVIEW HER PRIOR YEAR'S PERFORMANCE. THE EXECUTIVE COMMITTEE COMPLETES THE PERFORMANCE REVIEW BASED ON PROGRESS OF THE EXECUTIVE VICE PRESIDENT/CEO IN MEETING PROGRAM AND STRATEGIC GOALS. COMPENSATION FOR THE SUBSEQUENT FISCAL YEAR IS BASED ON PROGRESS IN MEETING THE OBJECTIVES AND INDUSTRY BENCHMARKS. ACCORDING TO ASCO'S SALARY ADMINISTRATION PLAN, THE EXECUTIVE VICE PRESIDENT/CEO CONDUCTS A SALARY COMPENSATION SURVEY, USING NATIONAL SALARY STUDIES AND SALARY DATA AND 990S FROM SIMILAR ORGANIZATIONS, TO PROPOSE REVISIONS TO STAFF SALARY RANGES FOR CONSIDERATION BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE DETERMINES ANY CHANGES IN SALARY RANGES BASED ON THESE SURVEYS CONDUCTED EVERY THREE YEARS. THE BOARD OF DIRECTORS SETS AN ANNUAL COMPENSATION BUDGET. THE LAST COMPENSATION/PERFORMANCE REVIEW FOR THE EXECUTIVE DIRECTOR TOOK PLACE IN APRIL 2022. THE EXECUTIVE DIRECTOR REVIEWS THE PERFORMANCE OF ALL EMPLOYEES ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND A COPY OF ASCO'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FROM THE ASCO OFFICE. FORM 990, PART IX, LINE 11G DATA COLLECTION FEES: PROGRAM SERVICE EXPENSES 50,872. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,872. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 524,693. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 524,693. EDITORIAL FEES: PROGRAM SERVICE EXPENSES 15,327. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,327.