omb no. 15450047 return of organization exempt from income...

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Return of Organization Exempt From Income Tax OMB No. 15450047 Form 99 0 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung 2004 benefit trust or private foundation) Department of the Treasury UpWIP44E Internal Revenue service " The organization may have to use a copy of this return to satisfy state reporting requirements. A For the 2004 calendar year, or tax year beginning and ending B Check If P~~ C Name of organization D Employer Identification number applicable, use IRS E:3 Address label or VIWON COUNCIL OF AMERICA 52-1437632 change print or E Name Dchange tSyPea* Number and street (or P 0 . box if mail is not delivered to street address) oom/suite E Telephone number Initial E: :Iretum specific1700 DIAGONAL ROAD ~00 703-548-4560 = Fal a ml In ,= City or town, state or country, and ZIP + 4 F Awwribripffiethod. = r,.h [M Accitial = kmended ~XANDRIA, VA 22314 ther I, 'turn eclhf) cation & Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable trusts =4pnpdling must attach a completed Schedule A (Form 990 or 990-EZ) . H and I are not applicable to section 527 organizations. H(a) Is this a group return for affiliates? 0 Yes EM No G Website: " WWW . V I S I ONS I TE . ORG H(b) If "Yes ;" enter number of affiliates 01 J Organization type ccneckoniyone>501(c)(6 ) " (insertno .)04947(a)(1)or= 527 H(c)AreaIlaffiliates included? N/A =Yes =No K Check here " = if the organization's gross receipts are normally not more than $25,000. The (If 'No ; attach a list .) H(d) Is this a separate return fled by an or- organization need not file a return with the IRS ; but if the organization received a form 990 Package anization covered b a rou rulin g ? ~ Yes 0 No in the mail, it should file a return without financial data . Some states require a complete return . I Grou p Exemption Number 10, M Check " ~X if the organization is not required to attach L Gross receipts : Add lines 6b, 8b, 9b, and 10b to line 12 . 7 , 148 , 067 . Sch . B (Form 990, 990-EZ, or 990-PP) . j Revenue Expenses, and Changes in Net Assets or Fund Balances 1 Contributions, gifts, grants, and similar amounts received : a Direct public support 1a b Indirect public support . .. . . . . . . ., . . . . . . .. . . . . 1 b c Government contributions (grants) . . .. . .. . . . . . . . . . . 1c d Total (add lines 1a through 1c) (cash $ noncash $ ) 1d 0 2 Program service revenue including government fees and contracts (from Part VII, line 93) .. . 2 6 , 159,000 . 3 Membership dues and assessments .. . . . . , . . .. . . 3 696 , 250 . 4 Interest on savings and temporary cash investments . . . . . . .. .. . . . . . . . . . .. . . .. .. 5 Dividends and interest from securities .. . .. . . .. . . . . .. . . .. . . . 5 172 , 484 . 6 a Gross rents .. SEE . . STATEMENT _ .1 . . Ba )9 , 173 . b Less : rental expenses . . . . . .. . .. . SEE .. STATEMENT 2 . 6b 97 , 078 . c Net rental income or (loss) (subtract line 6b from line 6a) ... . .. . . . . . .. . . . . .. . . ... . . . ... . 6c 2,095 . m 7 Other investment income (describe " 7 'c 8 a Gross amount from sales of assets other A Securities B Other than inventory . . . .. . . . . . . ., . ..... . . . .. 8a b Less : cost or other basis and sales expenses .. 8b c Gain or (loss) (attach schedule) _, .. . .. .. .. . . .. 8c .. :. : d Net gain or (loss) (combine line 8c, columns (A) and (B)) , . . .. . . . . . . .. .. ......... .. . . . . . . . .. . . .. r 8d, . 9 Special events and activities (attach schedule) . If any amount is from gaming, check here " D a Gross revenue (not including $ of contributions reported on line 1a) . . .. ,Q . . . . .. . . . .. . 9a b Less : direct expenses other than fundraising expenses . ,_ .. . .. .. 9b s , 0 c Net income or (loss) from special events (subtract line 9b from line 9a) . . . . .. . . ... . .... . . . .. . .. 9c W 10 a Gross sales of inventory, less returns and allowances .. . .. .. . 10a b Less : cost of goods sold .. . .. 10b c Gross profit or (loss) from sales of inventory (attach schedule) (subtract line 10b from fine 10a) .. .. . . .... . . ,. 10c 11 Other revenue (from Part VII, line 703) . . . .. . . . .. . . . . . ._,_ . 11 21 , 160 . 12 Total revenue add lines 1d , 2 3 4 5 6c 7 8d 9c 10c and 11 . . . . .. . .. . . . . . . 12 7 , 050 , 989 . 18 Program services (from line 44, column (B)) , . .. . . . .j . 13 I IY lr U f'S I'f t 14 Management and general (from line 44, column (C)) . . . . . . .. . . ~R$~(j 14 $C -504 15 fundraising (from line 44, column (D)) . . . , ._ . . . 15 16 Payments to affiliates (attach schedule) . . . . . . .. 16 . . NOV 1 5 . 2005 17 Total exp enses add lines 16 and 44 column A 17 6,802 , 806 . 18 Excess or (defeat) for the year (subtract line 17 from line .12) . . . . . ~ 18 248 , 183 . N ~1 19 Net assets or fund balances at beginning of year (from line 73, column (A)) . . .. . .~ _ JU 19 8 8 68,360 . ZIA 20 Other changes in net assets or fund balances (attach explanat ~E. , STATEMENT 3 20 261 , 620 . 21 Net assets or fund balances at end of year (combine lines 18, 21 9 378 , 163 . 42300 Form 990 2004 05 LHA For Privacy Act and Paperwork Reduction Act Notice, actions . . RCVD IN ~ T'^~ A ('

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Page 1: OMB No. 15450047 Return of Organization Exempt From Income …990s.foundationcenter.org/990_pdf_archive/521/521437632/521437… · VIWON COUNCIL OF AMERICA 52-1437632 change print

Return of Organization Exempt From Income Tax OMB No. 15450047

Form 99 0 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung 2004 benefit trust or private foundation) Department of the Treasury UpWIP44E

Internal Revenue service " The organization may have to use a copy of this return to satisfy state reporting requirements.

A For the 2004 calendar year, or tax year beginning and ending

B Check If P~~ C Name of organization D Employer Identification number applicable, use IRS

E:3 Address label or

VIWON COUNCIL OF AMERICA 52-1437632

change print or

E Name Dchange tSyPea* Number and street (or P 0 . box if mail is not delivered to street address) oom/suite E Telephone number Initial

E::Iretum specific1700 DIAGONAL ROAD ~00 703-548-4560 = Fal a ml In ,=

City or town, state or country, and ZIP + 4 F Awwribripffiethod. = r,.h [M Accitial

= kmended ~XANDRIA, VA 22314 ther

I, 'turn eclhf) cation & Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable trusts =4pnpdling

must attach a completed Schedule A (Form 990 or 990-EZ) . H and I are not applicable to section 527 organizations. H(a) Is this a group return for affiliates? 0 Yes EM No

G Website: "WWW . V I S I ONS I TE . ORG H(b) If "Yes ;" enter number of affiliates 01 J Organization type ccneckoniyone>501(c)(6 )" (insertno.)04947(a)(1)or= 527 H(c)AreaIlaffiliates included? N/A =Yes =No K Check here " = if the organization's gross receipts are normally not more than $25,000. The (If 'No ; attach a list .)

H(d) Is this a separate return fled by an or- organization need not file a return with the IRS ; but if the organization received a form 990 Package anization covered b a rou rulin g? ~ Yes 0 No in the mail, it should file a return without financial data . Some states require a complete return . I Grou p Exemption Number 10,

M Check " ~X if the organization is not required to attach L Gross receipts : Add lines 6b, 8b, 9b, and 10b to line 12 . 7 , 148 , 067 . Sch . B (Form 990, 990-EZ, or 990-PP) .

j Revenue Expenses, and Changes in Net Assets or Fund Balances 1 Contributions, gifts, grants, and similar amounts received : a Direct public support 1a b Indirect public support . . . . . . . . . ., . . . . . . . . . . . . 1 b c Government contributions (grants) . . . . . . . . . . . . . . . . . 1c d Total (add lines 1a through 1c) (cash $ noncash $ ) 1d 0

2 Program service revenue including government fees and contracts (from Part VII, line 93) . . . 2 6 , 159,000 .

3 Membership dues and assessments . . . . . . , . . . . . . 3 696 , 250 .

4 Interest on savings and temporary cash investments . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Dividends and interest from securities . . . . . . . . . . . . . . . . . . . . . . 5 172 , 484 .

6 a Gross rents . .SEE. . STATEMENT _.1 . . Ba )9 , 173 .

b Less : rental expenses . . . . . . . . . . . SEE . . STATEMENT 2. 6b 97 , 078 .

c Net rental income or (loss) (subtract line 6b from line 6a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6c 2,095 .

m 7 Other investment income (describe " 7 'c 8 a Gross amount from sales of assets other A Securities B Other

than inventory . . . . . . . . . . . ., . . . . . . . . . . . 8a b Less : cost or other basis and sales expenses . . 8b c Gain or (loss) (attach schedule) _, . . . . . . . . . . . . . 8c . . :. : d Net gain or (loss) (combine line 8c, columns (A) and (B)) , � . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . r 8d,.

9 Special events and activities (attach schedule) . If any amount is from gaming, check here " D a Gross revenue (not including $ of contributions

reported on line 1a) . . . . ,Q . . . . . . . . . . . . 9a b Less : direct expenses other than fundraising expenses . ,_ . . . . . . . 9b s ,

0 c Net income or (loss) from special events (subtract line 9b from line 9a) . . . . . . . . . . . . . . . . . . . . . . . . 9c

W 10 a Gross sales of inventory, less returns and allowances . . . . . . . . 10a b Less : cost of goods sold . . . . . 10b c Gross profit or (loss) from sales of inventory (attach schedule) (subtract line 10b from fine 10a) . . . . . . . . . . . . , . 10c

11 Other revenue (from Part VII, line 703) . . . . . . . . . . . . . . . ._,_ . 11 21 , 160 .

12 Total revenue add lines 1d , 2 3 4 5 6c 7 8d 9c 10c and 11 . . . . . . . . . . . . . . . 12 7 , 050 , 989 .

18 Program services (from line 44, column (B)) , . . . . . . .j . 13 I IY lr U f'S I'f t 14 Management and general (from line 44, column (C)) . . . . . . . . . . ~R$~(j 14 $C -504

15 fundraising (from line 44, column (D)) . . . , ._ . . . 15

16 Payments to affiliates (attach schedule) . . . . . . . . 16 . . NOV 1 5 . 2005 17 Total expenses add lines 16 and 44 column A 17 6,802 , 806 .

18 Excess or (defeat) for the year (subtract line 17 from line .12) . . . . . ~ 18 248 , 183 . N ~1

19 Net assets or fund balances at beginning of year (from line 73, column (A)) . . . . . .~ _ JU 19 8 8 68,360 . ZIA

20 Other changes in net assets or fund balances (attach explanat ~E. , STATEMENT 3 20 261 , 620 .

21 Net assets or fund balances at end of year (combine lines 18, 21 9 378 , 163 . 42300 Form 990 2004 05 LHA For Privacy Act and Paperwork Reduction Act Notice, actions . . RCVD IN ~

T'^~ A ('

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(A) Tote l (B) Program I (C) Management D Fundraising caroicas and nanaral

22 Grants and allocations (attach schedule) . . . . . . . . (cash a noncasn a

23 Specific assistance to individuals (attach schedule) 24 Benefits paid to or for members (attach schedule) 25 Compensation of officers, directors, etc. . . . . . . . 28 Other salaries and wages 27 Pension plan contributions . , . , . . . . _ 28 Other employee benefits . . . . . . ._ . . ., . 29 Payroll taxes . . . . . . . . . . . . . . . . . . . 30 Professional fundraising fees . . . . . . . . . . . 81 Accounting fees . . . ., 32 Legal fees . . . . . . . 33 Supplies . . . . . . . . . . . . . . . . . 34 Telephone 85 Postage and shipping . .__ __ . _ 36 Occupancy . . . . . . . . 37 Equipment rental and maintenance _ 38 Panting and publications 39 Travel . ., , . . . , , . , , . ., . . . . . 40 Conferences, conventions, and meetings 41 Interest . . . . . . . . . . . . 42 Depreciation, depletion, etc . (attach schedule) . . 43 Other expenses not covered above (itemize) -

a b c d e SEE STATEMENT 4 L , V J V I V I J a

e Other program services (attach schedule) (Grants and allocations $

f Total of Program Service Expenses (should equal line 44, column (B), Program services) 423011 01-13-05 Form 990 (2004)

Statement of All I Functional Expenses and

Do not include amounts reoorted on line

OF AMERICA 52-1437632 ust complete column (A) . Columns (B), (C), and (D) are required for section 501(c)(3) Page 2 is and section 4947(a)(1) nonexempt charitable trusts but optional for others .

263,789 . 423,632 . 140,665 . 171,300 . 119,685 .

28,065 . 136,886 . 19,445 . 25,639 . 217,092 . 408,748 . 18,327 .

498,327 . 221,298 . 819,955 . 4,005 .

255 .269 .

44 organizations compleUnp columns (B}(D), prtythase totals t6 lines 73.15. 1 44 I 6 , 8 0 2 , 8 0 6 . E Joint Costs. Check " = if you are following SOP 98-2 . Are any joint costs from a combined educational campaign and fundraising solicitation reported in (B) Program services? . . . . . . . . . . NO- 0 Yes ~ No If 'Yes ; enter (I) the aggregate amount of these joint costs $ , (ii) the amount allocated to Program services $ iii the amount allocated to Mana ement and eneral $ ' and fv the amount allocated to Fundraism

Statement of Program Service Accomplishments What is the organization's primary exempt purpose? t SEE STATEMENT 5

Pro ram Service

All organizations must describe their exempt purpose achievements In a clear and concise manner. State the number of clients served, publications Issued, etc Dlscusa ram

(Required for 501(c)3) end achievements that are not measurable. (section 501(c)(3) and (4) organizations and 4947(s)(1) nonexempt charitable trusts must also enter the amount of grants and (q) orgs., end 4947(aH1) allocations to others ) trusts, but optional (or others

a SEE STATEMENT 6

b SEE STATEMENT

c SEE STATEMENT

d SEE STATEMENT 9

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azaozi 01-13-05

Form 990(2004) VISION COUNCIL OF AMERICA 52-1437632 Page 8

Balance Sheets

Note : Where required, attached schedules and amounts within the description column (A) (B) should be for end-of-year amounts only. Beginning of year End of year

45 Cash-non-interest-bearing . . . . . . . . . . . ._ . , . . . . . . . . . . . . . . . . . . . 45 46 Savings and temporary cash investments . . . . . . . . . . . . . . . . . . . . . . . . 3 , 288 , 840 . 46 2 , 895 , 060 .

47 a Accounts receivable 47a 617 j 717 . b less : allowance for doubtful accounts . . . . 47b 574 , 817 . a7c 617,717 .

48 a Pledges receivable . . . . . , . 48a ' , b Less : allowance for doubtful accounts . . . . . . 48b 48c

49 Grants receivable ._ . . . . . . . . . . 49 50 Receivables from officers, directors, trustees,

N and key employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 51 a Other notes and loans receivable . . . . 518

b Less : allowance for doubtful accounts . . . . . . . . . 51b 51C 52 Inventories for sale or use . . . . . . . 52 53 Prepaid expenses and deferred charges . . . . . . . . . . . . ., . . . . . . . . . . . . . . . . . . 134,791 . 53 67 , 222 . 54 investments -securities ST MT ..10 STMT. . . 11 " ~ Cost

. ~ FMV 4 , 931,968 . 54 5 , 937,592 .

55 a Investments - land, buildings, and equipment : basis . . . . . . 55a

b Less : accumulated depreciation . . . , � 55b 55c 56 Investments-other . . . . . . . . . . . . . . . . . . . . 56 57 a Land, buildings, and equipment : basis _ . . . 57a 1 , 324 , 557 .

b Hess : accumulated depreciation STMT, _ .12 57b 978 , 734 . 514 , 445 . 57c 345,823 . 58 Other assets (describe " INTANGIBLE -- TRADE SHOW ) 360 , 000 . 58 300 , 000 .

59 Total assets add lines 45 throw h 58 must equal line 74 ) . 9 8 0 4 861 . 59 10 163 , 414 . . . . . 60 Accounts payable and accrued expenses . , . . . . . . . . . . . . 468,061 . 60 353 , 310 . 61 Grants payable 81 62 Deferred revenue . . ._ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,011 . 62 43 , 100 . 63 Loans from officers, directors, trustees, and key employees . . . . . , , , . . . . . . . . . . 63

a 64 a Tax-exempt bond liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Mortgages and other notes payable . . . . . . . . . . . . . . . . . ., .,.STMT 13 , . 360,000 . 64b 300 , 000 .

65 Other liabilities (describe " SEE STATEMENT 14 ) 79 , 429 . 65 88 , 841 .

66 Total liabilities add lines 60 throuh 65 . 936 , 501 . 66 785 , 251 . Organizations that follow SFAS 117, check here 1 0 and complete lines 67 through

69 and lines 73 and 74 67 un restricted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 8 6 8 3 6 0 . 67 9 , 378 , 163 .

W 68 Temporarily restricted . ., . . . , . . . . . . . . . . . . . . 68 m 69 Permanently restricted . . . . ., 69

Organizations that do not follow SFAS 117, check here ~ ~ and complete lines 70 through 74 .

70 Capital stock, trust principal, or current funds . , . . . . . . . . . . 70 71 Paid-in or capital surplus, or land, building, and equipment fund , . _ . . . . . . 71 72 Retained earnings, endowment, accumulated income, or other funds . . . . . . . . 72

.r 78 Total net assets or fund balances (add lines 67 through 69 or lines 70 through 72 ;

column (A) must equal pine 19 ; column (s) must equal line 21) . . . . . . . 8 868 , 360 . 73 9 378 , 163 . 74 Total liabilities and net assets / fund balances (add lines 66 and 73) _ 9 , 8 H , 861 . 74 10 , 163 , 414 .

Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a particular organization . How the public perceives an organization m such cases may be determined by the information presented on its return . Therefore, please make sure the return is complete and accurate and fully describes, in Past III, the organization's programs and accomplishments

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ICA 52-1437632 Page a !art L Reconciliation of Expenses per Audited

Financial Statements with Expenses per

S Add amounts on lines (1) and (2) _

e Total expenses per line 17, Form 990 (line c plus line d) .

plOyees (List each one even if not compensated ) Title and average hours (C) Compensation (Dcon per week devoted to (If not p ~i~, enter ~~s p,

0 .

6,802,806 .

(A) Name and address

---------------------------------

SEE STATEMENT 18

--------------------------------- ---------------------------------

--------------------------------- ---------------------------------

--------------------------------- ---------------------------------

--------------------------------- ---------------------------------

--------------------------------- ---------------------------------

--------------------------------- ---------------------------------

--------------------------------- ---------------------------------

--------------------------------- ---------------------------------

263 .789 .1 31,720 .1 4,846

75 Did any officer, director, trustee, or key employee receive aggregate compensation of more than $100,000 from your organization and all related organizations of which more than $10,000 was provided by the related organizations If "Yes," attach schedule . " = Yes M No

423031 01-13-05 Form 990 (2004)

Form 990 2004 VISION COUNCIL OF AME Reconciliation of Revenue per Audited Financial Statements with Revenue per Return

a Total revenue, gams, and other support per audited financial statements . . . " a 7 , 664 , 250 .

b Amounts included on line a but not on line 12, Form 990:

(1) Net unrealized gains ' on investments . . . $ 261,620 .

(2) Donated services ' and use of facilities $ 243,505 .

(8) Recoveries of prior year grants _ _ . . $

(4) Other (specify) STMT 15 S 11,058 .

Add amounts on lines (1) through (4) " b 516 , 183 . c line a minus line b . . . " c 7, 148 , 067 . d Amounts included on line 12, Form

990 but not on line a: `

(1) Investment expenses not included on line 6b, Form 990 . $

(2) Other (specify). STMT 17 ~ -97,078 .

Add amounts on lines (1) and (2) " d -9 7 r 0 7 8 e Total revenue per line 12, Form 990

(line c plus line d " e 7 1 050 f 989 . NwIt VList of Officers, Directors, Trustees, and Key E

a Total expenses and losses per audited financial statements . . . . 1

b Amounts included on line a but not on line 17, Form 990

(1) Donated services and use of facilities . . $ 243,505 .

(2) Prior year adjustments reported on line 20, form 990 . . . . $

(3) Losses reported on line 20, Form 990 $

(4) Other (specify) STMT 16 $ 101,526 .

Add amounts on lines (1) through (4) 10. c Line a minus line b 1 d Amounts included on line 17, Form

990 but not on line a :

(1) Investment expenses not included on line 6b, Form 990 $

(2) Other (specify) :

7,147,837 .

345,031 . 6,802,806 .

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located at " 1700 DIAGONAL ROAD, ALEXANDRIA, VA ZIP + 4 . 22314

92 Section 49470(1) nonexempt charitable trusts filing Form 990 in lieu of Form 1041- Check here . . . . 10 and enter the amount of tax-exempt interest received or accrued during the tax year-- " ~ 92 ~ N/A

Form 990 (2004)

Form 990(2004) VISION COUNCIL OF AMERICA 52-1437632 Pages

76 Did the organization engage m any activity not previously reported to the IRS? If "Yes; attach a detailed description of each activity . . . . . . 76 X

77 Were any changes made m the organizing or governing documents but not reported to the IRS? . . . . . . . . . . . . . . . . . . . . . . . . . . 77 X

If 'Yes ; attach a conformed copy of the changes . 78 a Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return? . . . . . ., . ., .

.. . . . . . . 78a X

b If 'Yes,* has it filed a tax return on Form 990-T for this years , . . . . . . . . . . . . . 78b X 79 Was there a liquidation, dissolution, termination, or substantial contraction during the year? . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . 79 K

If "Yes," attach a statement 80 a Is the organization related (other than by association with a statewide or nationwide organization) through common membership,

governing bodies, trustees, officers, etc ., to any other exempt or nonexempt organization? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80a X b If 'Yes,' enter the name of the organization " SEE STATEMENT 19

and check whether it is = exempt or ~ nonexempt . . . 81 a Enter direct or indirect political expenditures . See line 81 instructions . . . . . . . . . . . . . . . . . . . . 81a 0 .

b Did the organization file Form 1120-POL for this year? . . . . . . . . ., . . . . . . . . . . . . . . . . ., . . . . . . . . , . . . . 81b X

82 a Did the organization receive donated services or the use of materials, equipment, or facilities at no charge or at substantially less than fair rental value? , , , . . . ._ . . . . . . . . . . . . 82a X

b If `Yes," you may indicate the value of these items here . Do not include this amount as revenue in Part I or as an ' . ' expense in Part II . (See instructions m Part III .) . . . 82b 243 , 505

83 a Did the organization comply with the public inspection requirements for returns and exemption applications ., . ., . . . . . . . . 83a X b Did the organization comply with the disclosure requirements relating to quid pro quo contributions? . . . . . . . . . . . . . . . . NBA. . . . . 88b

84 a Did the organization solicit any contributions or gifts that were not tax deductible? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84a X b If'Yes,' did the organization include with every solicitation an express statement that such contributions or gifts were not

tax deductible? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84b X

85 501(c)(4), (5), or (6) organizations. a Were substantially all dues nondeductible by members? . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85a b Did the organization make only in-house lobbying expenditures of $2,000 or less? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 856

If 'Yes" was answered to either 85a or 85b, do not complete 85c through 85h below unless the organization received a waiver for proxy tax owed for the prior year .

c sues, assessments, and similar amounts from members . . . . . . . . . . . 85c 696,250 .

d Section 162(e) lobbying and political expenditures 85d -13,756 .

e Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices 85e 55,700 . f Taxable amount of lobbying and political expenditures (line 85d less 85e) . . . . . . . . . . . . . . . . . . . . 8511 -69 , 456 . g Does the organization elect to pay the section 6033(e) tax on the amount on line 85f? . . , . � , . . . . . . . . r1 /A . . . 85 . h If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount on line 85f to its reasonable estimate of dues

allocable to nondeductible lobbying and political expenditures for the following tax year? � ., . . . . . . . . . . � . , . . . . . N ~A . . . . . 85h

85 501(c)(!) organizations. Enter: a Initiation fees and capital contributions included on line 12 . . . . . 86a NBA ,

b Gross receipts, included on line 12, for public use of club facilities . . . . . . . . . . . . . . . . . . . . . . . . . 86b N/A

87 501(c)(12) organizations. Enter' a Gross income from members or shareholders 87a N/A

b Gross income from other sources . (Do not net amounts due or paid to other sources . . . . . . . . . . . . 87b NBA against amounts due or received from them .)

88 At any time during the year, did the organization own a 50% or greater interest in a taxable corporation or partnership, or an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301 .7701-3? It *Yes," complete Part IX . . ., . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88 K

89 a 501(c)(3) organizations. Enter: Amount of tax imposed on the organization during the year under: section 4911 " N/A ; section 4912 " N/A ; section 4955 " N/A

b 501(c)(3) and 501(c)(4) organizations. Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year? If "Yes," attach a statement explaining each transaction . . . . . . . . . . , . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NBA . . . . . 89b

c Enter : Amount of tax imposed on the organization managers or disqualified persons during the year under . . . . . . . . . . . . . . . . . . . . . t N/A sections 4972, 4955, and 4958

d Enter: Amount of tax on line 89c, above, reimbursed by the organization . . . . . . . , " N /k

90 a List the states with which a copy of this return is filed " NONE . . . . . . .

b Number of employees employed m the pay period that includes March 12, 2004 ,_ . . . . . . . . . . . . . . 90b 2 6

91 The books are in care of " THE COUNCIL Telephone no. " (703) 548-4560

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. Form 990 -1437632 Pages OF

page 34 of the instructions )

Name, address, arid~EIN of corporation, I Percentage of I Nature of actwities partnership, or disregarded entity ownershiu interest

N/A I %I

r

X I Information Regarding Transfers Associated with Personal Benefit Contracts (See page 34 of the instructions .) (a) Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? . ._ 0 Yes 0 No (b) Did the organi n, during the year, pay premiums, directly or indirectly, on a personal benefit contracts . . ._ . . ._ , D Yes D No u ..#.. . a nv , .n a iw~ a~,, r.. .... oo~n .. ..w c. . ..._ w~nn i __

iowledge and belief, It Is true,

l'DD/~U

Preparors SSN or PTIN

-J

" (202) 293-2200 Form 990 (2004)

u~ m anu Mn""

eel Y. i u nave enammw 'n->

'ewrn m~iuumy uwvn yang ~I=� preparer Please co~~to Dada o parar(otherthan offlce~ la based on all InfoJ U oich

Sign \ ~~ ~ /~/ FSJyS , Here / Si ature of office Da e i y~

r

Prep a , ( at E

Peparer~s Sign '-- 'Z n Gl ° ~ ~ ~ l,- ~~~ Finn' name (or T ATE D TRYON

Use Only yours it self-employed), '$05 15TH STREET, NW SUITE 900

423161 address, and o,_,-q-os ZIP +a WASHINGTON, DC 20005

:any know age pmGS / Dr print name and title .

_~ Check if self-employed

EIN 10-

33 of the Note' Enter gross amounts unless otherwise uIllnlalInu uusillGbs IIIcuIIIC txciuaea o secuon oiz, oia, orain indicated. (A) (B) ~~~. (D) Related or exempt Business Amount sio~ Amount 93 Program service revenue: code cod, function income a VISION EXPOSITION 41800 89 , 776 . 42 225,806 . 5,503 924 . h PUBLICATIONS 225 988 . c TRAINING SEMINARS 50,619 . d MANAGEMENT FEES 34,755 . e INTERNATIONAL/ GOV T AF 28 , 132 . f Medicare/Medicaid payments g Fees and contracts from government agencies . ., . . .

94 Membership dues and assessments 696,250 . 95 Interest on savings and temporary cash investments 96 Dividends and interest from securities . . . . _ . . . ._ 14 172 , 484 . 97 Net rental income or (loss) from real estate :

a debt-financed property . . . . ., , . . . . . . b not debt-financed property . . . . . . . . . . . . . . . . . . 16 2 , 095

98 Net rental income or (loss) from personal property 99 Other investment income . . . . . . . . . . . . . 100 Gain or (loss) from sales of assets

other than inventory . . . . . . . . . . . . . . . . . . 101 Net income or (loss) from special events . . . 102 Gross profit or (loss) from sales of inventory 103 Other revenue :

a MISCELLANEOUS 01 21 , 160 . b c d e

104 subtotal (add columns (s), (D), and (E)) _ . . . _ 89,776 . : 421,545 . 615391668 . 105 Total (add line 104, columns (B), (D), and (E)) . . . . . . . . . . . . . . . . . . . .� , � �� . . .� . � , . . . , .�� , ., , . . . . . . " 7,050,989 . Note : Line 105 plus line 1 d, Part l, should equal the amount on line 12, Part l. pVifiRelationship of Activities to the Accomplishment of Exempt Purposes (see page 34 of the instructions .) Line No . Explain how each activity for which income is reported in column (E) of Part VII contributed importantly to the accomplishment of the organization's

exempt purposes (other than by providing funds for such purposes). SEE STATEMENT 20

the best of my

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2004 DEPRECIATION AND AMORTIZATION REPORT FORM 990 PAGE 2 990

w Asset Date Line Unadjusted Bus % Reduction In Basis For Accumulated Current Amount Of No Description Acquired Method Life No Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Depreciation

1 FURNITURE AND FIXTURES I S L .000 16 234,882 . 234,882 . 170,775 . 31,637 .

-4 :00-01.16 125,t384-J: r 1~-9,~62 ? .~ ~~ ~

3 TRADE SHOW BOOTH I S L .000 16 115,224 . 115,224 . 60,211 . 25,340 .

4 MWE'SHOW LOUNGE VARIES 4t -0 6-0 16- 51t'73,34

5 COMPUTER SOFTWARE I S L .000 16 510,559 . 510,559 . 278,371 . 107,159 . . . . . . .

PHONE ~y.y~~~k~yy~y~~yy

I~J.

~ . . ~~

;'.0 00 ~(,~r

V #~ .C1.3E~W.i...£.L" ~ .1.1 +Tv3 "*.~3i'xG7,iy -~i.J - 486w ryq~^~y .. . . f ~Ya ~ * J,i:~J I* f , . . itr ~ ~~cl+i~ i

7 EASEHOLD IMPROVEMENTS I S L .000 16 243,766 . 243,766 . 67,081 . 23,787 . FURNITUREt

10 10 .t .i .."_"~" IF'V~Y/,5~ . .1.S '" . 7,t521.-

INTANGIBLE -- TRADE INTANGIBLE 9 SHOW 80399 SL 120M 16 600,000 . 600,000 . 240,000 . 60,000 .

TOTIAL .990 PAGE '2 19 Z4

428102 1o-oe-oa (D) - Asset disposed " ITC, Section 179, Salvage, Bonus, Commercial Revitalization Deduction

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VISION COUNCIL OF AMERICA 52-1437632

FORM 990 RENTAL INCOME STATEMENT 1

TOTAL TO FORM 990, PART I, LINE 6A

STATEMENT S) 1

KIND AND LOCATION OF PROPERTY

OFFICE SPACE SUBLEASE, 1700 DIAGONAL ROAD

ACTIVITY GROSS NUMBER RENTAL INCOME

1 99,173 .

99,173 .

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VISIQN COUNCIL OF AMERICA 52-1437632

FORM 990 RENTAL EXPENSES STATEMENT 2

TOTAL TO FORM 990, PART I, LINE 6B

STATEMENT S) 2

ACTIVITY DESCRIPTION NUMBER AMOUNT

ALLOCATED OCCUPANCY EXPENSE 97,078 . - SUBTOTAL - 1

TOTAL

97,078 .

97,078 .

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VISION COUNCIL OF AMERICA 52-1437632

FORM 990 OTHER CHANGES IN NET ASSETS OR FUND BALANCES STATEMENT 3

TOTAL TO FORM 990, PART I, LINE 20

STATEMENT S) 3

DESCRIPTION

UNREALIZED GAIN ON INVESTMENTS

AMOUNT

261,620 .

261,620 .

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52-1437632 VISION COUNCIL OF AMERICA

STATEMENT S) 4

FORM 990 OTHER EXPENSES STATEMENT 4

(A) (B) (C) (D) PROGRAM MANAGEMENT

DESCRIPTION TOTAL SERVICES AND GENERAL FUNDRAISING

PROFESSIONAL DEVELOPMENT 16,033 . STORAGE 6,075 . COMPUTER OPERATIONS 103,689 . GENERAL OFFICE 40,945 . INSURANCE 35,581 . TAXES 78,778 . CONSULTING 703,440 . SPONSORSHIPS AND CONTRIBUTIONS 13,495 . PROFESSIONAL FEES 43,569 . BANK SERVICE FEES 12,945 . ADVERTISING 248,790 . MEMBERSHIPS & SUBSCRIPTIONS 30,999 . BOOKS & MATERIALS 6,280 . RESEARCH 787,138 . OCCUPANCY EXPENSE ALLOCATED TO SUBLEASE -97,078 .

TOTAL TO FM 990, LN 43 2,030,679 .

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VISION COUNCIL OF AMERICA 52-1437632

STATEMENT S) 5

FORM 990 STATEMENT OF ORGANIZATION'S PRIMARY EXEMPT PURPOSE STATEMENT 5 PART III

EXPLANATION

THE VISION COUNCIL OF AMERICA IS A TRADE ASSOCIATION FOR THE OPTICAL INDUSTRY DEDICATED TO PROMOTE, FOSTER, ADVANCE AND EDUCATE CONSUMERS ABOUT QUALITY EYECARE AND EYEWEAR .

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VISION COUNCIL OF AMERICA 52-1437632

STATEMENT S) 6

FORM 990 STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS STATEMENT 6

DESCRIPTION OF PROGRAM SERVICE ONE

EYECARE AND MARKET GROWTH : -TO PARTNER WITH MEMBERS AND EYECARE PROFESSIONALS TO SUPPORT THE "CHECK YEARLY SEE CLEARLY" PROGRAM AND TO MAKE EYE HEALTH AND EYE CARE A REGULAR COMMITMENT FOR EVERY AMERICAN . - TO URGE CONSUMERS TO OBTAIN PERIODIC COMPREHENSIVE VISION EXAMINATIONS AND INSIST ON QUALITY, FASHIONABLE EYEWEAR, SUN WEAR AND OTHER VISION CARE PRODUCTS . - TO MOTIVATE, EDUCATE AND ASSIST EYECARE PROFESSIONALS TO PRESCRIBE AND DISPENSE QUALITY VISION CARE PRODUCTS .

GRANTS EXPENSES

TO FORM 990, PART III, LINE A

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STATEMENT S) 7

VISION COUNCIL OF AMERICA 52-1437632

FORM 990 STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS STATEMENT 7

DESCRIPTION OF PROGRAM SERVICE TWO

SHOWS & EVENTS - THE GOALS OF THIS PROGRAM ARE TO : -ADAPT EVENT MODELS TO RESPOND TO CHANGING ECONOMIC CONDITIONS, INDUSTRY TRENDS, AND MEMBER NEEDS . -DEMONSTRATE VALUE FOR THE EXHIBITORS . -LEVERAGE OUR INDUSTRY LEADERSHIP POSITION TO OPTIMIZE THE NUMBER OF SHOWS . -BECOME THE PREMIER "CUTTING EDGE" EDUCATION PROVIDER IN NORTH AMERICA . -ESTABLISH A YEAR ROUND VISION EXPO COMMUNITY FOR ATTENDEES AND EXHIBITORS FOR INDUSTRY INFORMATION, TRENDS, ETC .

GRANTS EXPENSES

TO FORM 990, PART III, LINE B

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52-1437632 VISION COUNCIL OF AMERICA

STATEMENT S) 8

FORM 990 STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS STATEMENT 8

DESCRIPTION OF PROGRAM SERVICE THREE

MEMBER SERVICES - THE GOALS IN THIS ARE TWO-FOLD : PROVIDE QUALITY SERVICES DRIVEN BY MEMBER NEEDS AND RETAIN AND ATTRACT APPROPRIATE DUES-PAYING MEMBERS . TO MEET THESE GOALS VCA WILL : -CONTINUALLY PROVIDE SERVICES THAT MEMBERS HIGHLY VALUE . -PROVIDE MEMBERS WITH INFORMATION AND TREND ANALYSES TO SUPPORT MEMBER BUSINESS SUCCESS . -PROVIDE GREATER INFORMATION ON THE MEMBERS-ONLY SECTION OF THE WEB PAGE . -INCREASE MEMBER COMMUNICATIONS ON THE VALUE OF VCA SERVICES USING REALISTIC PERFORMANCE MEASURES . -SELECT PRIME TARGETS WITHIN THE SUPPLY SIDE OF THE VISION CARE MARKET FOR MEMBERSHIP, WHICH INCLUDES FRAME, LENS, WHOLESALE LABORATORIES AND EQUIPMENT MANUFACTURERS AND IMPORTERS ; SUNGLASS COMPANIES THAT SELL SELL THROUGH THE OPHTHALMIC CHANNEL ; CONTACT LENS MANUFACTURERS ; AND ACCESSORY MANUFACTURERS . ALSO, MAINTAIN AND BUILD STRATEGIC AND COLLABORATIVE RELATIONSHIPS WITH OPTOMETRISTS, OPHTHALMOLOGISTS, OPTICIANS, RETAIL CHAINS, AND PROFESSIONAL OPHTHALMIC ORGANIZATIONS--BOTH DOMESTIC AND FOREIGN .

GRANTS EXPENSES

TO FORM 990, PART III, LINE C

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52-1437632 VISION COUNCIL OF AMERICA

STATEMENT S) 9

FORM 990 STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS STATEMENT 9

DESCRIPTION OF PROGRAM SERVICE FOUR

ADVOCACY AND GOVERNMENT RELATIONS--VCA'S GOAL ARE AS FOLLOWS : -ADVOCATE FOR IMPROVED ACCESS TO COMPREHENSIVE VISION EXAMS FOR CHILDREN FIRST ENTERING SCHOOL . -WORK WITH ADVOCACY GROUPS TO PROMOTE MANDATORY VISION EXAMS FOR CHILDREN ENTERING SCHOOLS IN EVERY STATE . -PERSUADE FEDERAL POLICY MAKERS TO ENACT LEGISLATION AND REGULATIONS THAT HELP SUPPORT EYE HEALTH AND PROPER VISION CARE . -PROMOTE THE INCLUSION OF OPEN AND FLEXIBLE VISION CARE COVERAGE IN THE MANAGED CARE ENVIRONMENT . -PROMOTE VCA/BVI AS A LEADING INDUSTRY RESOURCE FOR VISION PRODUCT AND/OR EYE CARE/EYE WEAR INFORMATION . -THROUGH THE US CHAMBER OF COMMERCE AND THE NATIONAL ASSOCIATION OF MANUFACTURERS, WORK TO CREATE A FAVORABLE BUSINESS CLIMATE FOR MEMBERS .

GRANTS EXPENSES

TO FORM 990, PART III, LINE D

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STATEMENT S) 10

VISION COUNCIL OF AMERICA 52-1437632

FORM 990 NON-GOVERNMENT SECURITIES STATEMENT 10

OTHER PUBLICLY TOTAL

CORPORATE CORPORATE TRADED NON-GOV'T SECURITY DESCRIPTION COST/FMV STOCKS BONDS SECURITIES SECURITIES

MUTUAL STOCK FUNDS FMV 3,627,633 . 3,627,633 . CORPORATE BONDS FMV 987,690 . 987,690 . MONEY MARKET FMV 35,524 . 35,524 . CERTIIFICATES OF FMV DEPOSIT 600,716 . 600,716 .

TO FORM 990, LINE 54, COL B 3,627,633 . 987,690 . 636,240 . 5,251,563 .

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STATEMENT S) 11

VISION COUNCIL OF AMERICA 52-1437632

FORM 990 GOVERNMENT SECURITIES STATEMENT 11

U .S . STATE AND TOTAL GOV T DESCRIPTION COST/FMV GOVERNMENT LOCAL GOVT SECURITIES

GOVERNMENT BONDS FMV 686,029 . 686,029 .

TOTAL TO FORM 990, LINE 54, COL B 686,029 . 686,029 .

t

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STATEMENT S) 12

VISION COUNCIL OF AMERICA 52-1437632

FORM 990 DEPRECIATION OF ASSETS NOT HELD FOR INVESTMENT STATEMENT 12

COST OR ACCUMULATED DESCRIPTION OTHER BASIS DEPRECIATION BOOK VALUE

FURNITURE AND FIXTURES 234 882 . 202,412 . 32,470 . OFFICE EQUIPMENT 125,384 . 122,280 . 3,104 . TRADE SHOW BOOTH 115,224 . 85,551 . 29,673 . TRADE SHOW LOUNGE 51,733 . 54,397 . -2,664 . COMPUTER SOFTWARE 510,559 . 385,530 . 125,029 . PHONE EQUIPMENT 35,486 . 30,712 . 4,774 . LEASEHOLD IMPROVEMENTS 243,766 . 90,868 . 152,898 . FURNITURE & EQUIPMENT (OMA) 7,523 . 6,984 . 539 .

TOTAL TO FORM 990, PART IV, IN 57 1,324,557 . 978,734 . 345,823 .

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STATEMENT S) 13

VISION COUNCIL OF AMERICA 52-1437632

FORM 990 OTHER NOTES AND LOANS PAYABLE STATEMENT 13

LENDER'S NAME TERMS OF REPAYMENT

ASSOCIATION EXPOSITIONS $60000 ANNUAL PMTS T-BILL AND SERVICES RATE INTEREST (VARIABLE)

DATE OF MATURITY ORIGINAL INTEREST NOTE DATE LOAN AMOUNT RATE

08/03/99 VARIOUS 600,000 . .00%

SECURITY PROVIDED BY BORROWER PURPOSE OF LOAN

PURCHASE OF 50% SHARE OF MIDWEST VISION EXPO

RELATIONSHIP OF LENDER

VENDOR/PARTNER FMV OF

DESCRIPTION OF CONSIDERATION CONSIDERATION BALANCE DUE

SHARE IN MIDWEST VISION EXPO 600,000 . 300,000 .

TOTAL INCLUDED ON FORM 990, PART IV, LINE 64, COLUMN B 300,000 .

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VISION COUNCIL OF AMERICA 52-1437632

FORM 990 OTHER LIABILITIES STATEMENT 14

DESCRIPTION AMOUNT

PENSION CONTRIBUTION PAYABLE 81,374 . SECURITY DEPOSIT 7,467 .

TOTAL TO FORM 990, PART IV, LINE 65, COLUMN B

STATEMENT S) 14

88,841 .

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VISION COUNCIL OF AMERICA 52-1437632

FORM 990 OTHER REVENUE NOT INCLUDED ON FORM 990 STATEMENT 15

TOTAL TO FORM 990, PART IV-A

STATEMENT S) 15

DESCRIPTION

PAC/SSF CONTRIBUTIONS

AMOUNT

11,058 .

11,058 .

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VISION COUNCIL OF AMERICA 52-1437632

FORM 990 OTHER EXPENSES NOT INCLUDED ON FORM 990 STATEMENT 16

TOTAL TO FORM 990, PART IV-B

STATEMENT S) 16

DESCRIPTION

SUBLEASE RENTAL EXPENSE PAC/SSF EXPENSES

AMOUNT

97,078 . 4,448 .

101,526 .

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.VISION COUNCIL OF AMERICA 52-1437632

FORM 990 OTHER REVENUE INCLUDED ON FORM 990 STATEMENT 17

TOTAL TO FORM 990, PART IV-A

STATEMENT S) 17

DESCRIPTION

SUBLEASE RENTAL EXPENSE

AMOUNT

-97,078 .

-97,078 .

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STATEMENT S) 18

VZ$ION COUNCIL OF AMERICA 52-1437632

FORM 990 PART V - LIST OF OFFICERS, DIRECTORS, STATEMENT 18 TRUSTEES AND KEY EMPLOYEES

EMPLOYEE TITLE AND COMPEN- BEN PLAN EXPENSE

NAME AND ADDRESS AVRG HRS/WK SATION CONTRIB ACCOUNT

WILLIAM C . THOMAS EXEC VP/CEO 1700 DIAGONAL ROAD, SUITE 500 45+ HRS/WEEK 263,789 . 31,720 . 4,846 . ALEXANDRIA, VA 22314

RICHARD C . ELIAS CHAIR 1700 DIAGONAL ROAD, SUITE 500 2+ HRS/WEEK 0 . 0 . 0 . ALEXANDRIA, VA 22314

ANDREA GLUCK VICE CHAIR 1700 DIAGONAL ROAD, SUITE 500 2+ HRS/WEEK 0 . 0 . 0 . ALEXANDRIA, VA 22314

RICHARD BULLWINKLE TREASURER 1700 DIAGONAL ROAD, SUITE 500 2+ HRS/WEEK 0 . 0 . 0 . ALEXANDRIA, VA 22314

AL BERG SECRETARY 1700 DIAGONAL ROAD, SUITE 500 2+ HRS/WEEK 0 . 0 . 0 . ALEXANDRIA, VA 22314

L . PETER FRIEDER, JR . IMMED PAST PRES 1700 DIAGONAL ROAD, SUITE 500 2+ HRS/WEEK 0 . 0 . 0 . ALEXANDRIA, VA 22314

LARRY CLARKE DIRECTOR 1700 DIAGONAL ROAD, SUITE 500 2+ HRS/WEEK 0 . 0 . 0 . ALEXANDRIA, VA 22314

R . MICHAEL DALEY DIRECTOR 1700 DIAGONAL ROAD, SUITE 500 2+ HRS/WEEK 0 . 0 . 0 . ALEXANDRIA, VA 22314

CLAUDIO GOTTARDI DIRECTOR 1700 DIAGONAL ROAD, SUITE 500 2+ HRS/WEEK 0 . 0 . 0 . ALEXANDRIA, VA 22314

EDWARD E . GREENE DIRECTOR 1700 DIAGONAL ROAD, SUITE 500 2+ HRS/WEEK 0 . 0 . 0 . ALEXANDRIA, VA 22314

JOHN HANCOCK DIRECTOR 1700 DIAGONAL ROAD, SUITE 500 2+ HRS/WEEK 0 . 0 . 0 . ALEXANDRIA, VA 22314

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VI.SIQN COUNCIL OF AMERICA

MIKE HUNDERT 1700 DIAGONAL ROAD, SUITE 500 ALEXANDRIA, VA 22314

JOHN FRIED 1700 DIAGONAL ROAD, SUITE 500 ALEXANDRIA, VA 22314

JOSEPH DAVID RIPS 1700 DIAGONAL ROAD, SUITE 500 ALEXANDRIA, VA 22314

ALAN C . RITTER 1700 DIAGONAL ROAD, SUITE 500 ALEXANDRIA, VA 22314

STEPHEN T . SCHUSTER 1700 DIAGONAL ROAD, SUITE 500 ALEXANDRIA, VA 22314

GIUSEPPE SERVIDORI 1700 DIAGONAL ROAD, SUITE 500 ALEXANDRIA, VA 22314

ROBERT M . SHYER 1700 DIAGONAL ROAD, SUITE 500 ALEXANDRIA, VA 22314

RA.ANAN NAFTALOVICH 1700 DIAGONAL ROAD, SUITE 500 ALEXANDRIA, VA 22314

RONALD DELONG 1700 DIAGONAL ROAD, SUITE 500 ALEXANDRIA, VA 22314

DR . SUSAN TAUB, MD 1700 DIAGONAL ROAD, SUITE 500 ALEXANDRIA, VA 22314

JIM ANDERSON 1700 DIAGONAL ROAD, SUITE 500 ALEXANDRIA, VA 22314

TOTALS INCLUDED ON FORM 990, PART V

STATEMENT S) 18

52-1437632

DIRECTOR 2+ HRS/WEEK 0 . 0 . 0 .

DIRECTOR 2+ HRS/WEEK 0 . 0 . 0 .

DIRECTOR 2+ HRS/WEEK 0 . 0 . 0 .

DIRECTOR 2+ HRS/WEEK 0 . 0 . 0 .

DIRECTOR 2+ HRS/WEEK 0 . 0 . 0 .

DIRECTOR 2+ HRS/WEEK 0 . 0 . 0 .

DIRECTOR 2+ HRS/WEEK 0 . 0 . 0 .

DIRECTOR 2+ HRS/WEEK 0 . 0 . 0 .

DIRECTOR 2+ HRS/WEEK 0 . 0 . 0 .

BVI LIAISON 2+ HRS/WEEK 0 . 0 . 0 .

LEGAL COUNSEL 2+ HRS/WEEK 0 . 0 . 0 .

263,789 . 31,720 . 4,846 .

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VISIQN COUNCIL OF AMERICA 52-1437632

FORM 990 IDENTIFICATION OF RELATED ORGANIZATIONS STATEMENT 19 PART VI, LINE 80B

BETTER VISION INSTITUTE EDUCATIONAL FOUNDATION THE OPTICAL PRODUCT CODE COUNCIL (OPCC)

STATEMENT S) 19

NAME OF ORGANIZATION EXEMPT NONEXEMPT

X X

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STATEMENT S) 20

VISION COUNCIL OF AMERICA 52-1437632

FORM 990 PART VIII - RELATIONSHIP OF ACTIVITIES TO STATEMENT 20 ACCOMPLISHMENT OF EXEMPT PURPOSES

LINE EXPLANATION OF RELATIONSHIP OF ACTIVITIES

93A THE VISION EXPOS ARE EDUCATIONAL CONFERENCES DESIGNED TO EDUCATE MEMBERS AND ACQUAINT THEM WITH THE LATEST PRODUCTS, TRENDS AND TECHNIQUES IN EYECARE AND EYEWEAR . THIS IS IN KEEPING WITH VCA'S EXEMPT PURPOSE OF ULTIMATELY EDUCATING THE CONSUMER REGARDING EYECARE AND EYEWEAR .

93B PUBLICATIONS - BROCHURES EDUCATING THE GENERAL PUBLIC ABOUT PROPER VISION CARE AND EYE HEALTH .

93C TRAINING SEMINARS DESIGNED TO PROVIDE QUALITY EDUCATION FOR EYECARE PROFESSIONALS .

93D FEES FROM MANAGEMENT OF RELATED ENTITY DEALING WITH CLASSIFICATION OF OPTICAL PRODUCTS .

93E FEES IN SUPPORT OF VCA'S ADVOCACY AND GOVERNMENT RELATIONS ACTIVITIES, INCLUDING FOOD AND DRUG ADMINISTRATION LIAISON ON BEHALF OF NUMEROUS INTERNATIONAL COMPANIES .

94 MEMBER DUES HELP TO DEFRAY THE COSTS OF PROVIDING ASSOCIATION BENEFITS AND ADVANCING VCA'S EXEMPT PURPOSES, AS OUTLINED IN PART III OF THIS RETURN .

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" Form 8868 (Rev. December 2004) Department of the Treasury Internal Revenue Service

Application for Extension of Time To File an Exempt Organization Return OMB No . 1545-1709

10, File a for each return .

Electronic Filing (e-file) . Form 8868 can be filed electronically if you want a 3-month automatic extension of time to file one of the returns noted below (6 months for corporate Form 990-T filers) . However, you cannot file it electronically if you want the additional (not automatic) 3-month extension, instead you must submit the fully completed signed page 2 (Part II) of Form 8868 . For more details on the electronic filing of this form, visit www.irs.gov/efile.

52-1437632 VISION COUNCIL OF AMERICA Number, street, and room or suite no. If a P.O. box, see instructions . 1700 DIAGONAL ROAD, NO . 500

File by the due date fir filing your return See instructions. City, town or post office, state, and ZIP code . For a foreign address, see instructions .

ALEXANDRIA, VA 22314

423831 of-1aos

" If you are filing for an Automatic 3-Month Extension, complete only Part I and check this box . . . . . . . . . . . . . . . . . . . . . . . 10. FRI " If you are filing for an Additional (not automatic) 3-Month Extension, complete only Part II (on page 2 of this form) . Do not complete Part II unless you have already been granted an automatic 3-month extension on a previously filed Form 8868 .

~~`t 1 Automatic 3-Month Extension of Time - only submit original (no copies needed

Form 990-T corporations requesting an automatic 6-month extension - check this box and complete Part I only

All other corporations Including Form 990-C filers) must use Form 7004 to request an extension of time to file income tax returns. Partnerships, REMICs, and trusts must use Form 8736 to request an extension of time to file Form 1065, 1066, or 1041 .

Type or

print

Name of Exempt Organization Employer identification number

Check type of return to be filed (file a separate application for each return) :

F _~ Form 990 Form 990-T (corporation) Form 4720 X Form 990-BL D Form 990-T (sec. 401(a) or 408(a) trust) D Form 5227

D Form 990~EZ D Form 990-T (trust other than above) D Form 6069 D Form 990-PF 0 Form 1041-A ~ Form 8870

" The books are in the care of " THE COUNC IL Telephone No. " (703) 5 4 8-4 5 6 0 FAX No . If the organization does not have an office or place of business in the United States, check this box . . . . " o If this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN) . If this is for the whole group, check this

box " = . If it is for part of the group, check this box " 0 and attach a list with the names and EINs of alb members the extension will cover .

1 I request an automatic 3-month (6-months for a Form 990-T corporation) extension of time until AUGUST 15, 2005

to file the exempt organization return for the organization named above. The extension is for the organization's return for: " X~ calendar year 2 0 0 4 or " D tax year beginning , and ending

2 If this tax year is for less than 12 months, check reason : = Initial return D Final return 0 Change in accounting period

3a If this application is for Form 990-BL, 990-PF, 990~T, 4720, or 6069, enter the tentative tax, less any nonrefundable credits . See instructions

If this application is for Form 990-PF or 990-T, enter any refundable credits and estimated tax payments made. Include any prior year overpayment allowed as a credit . . . . . $

c Balance Due . Subtract line 3b from line 3a. Include your payment with this form, or, if required, deposit with FTD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment System) . See instructions . . . _ $ N/A

Caution. If you are going to make an electronic fund withdrawal with this Form 8868, see Form 8453-EO and Form 8879~E0 for payment instructions .

LHA For Privacy Act and Paperwork Reduction Act Notice, see instructions. Form 8868 (Rev . 12-2004)

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By: Director Date

Alternate Mailing Address - Enter the address if you want the copy of this application for an additional 3-month extension returned to an address different than the one entered above .

Name TATE AND TRYON

Type Number and street (include suite, room, or apt. no.) or a P.O . box number or print $05 15TH STREET NW SUITE 900

City or town, province or state, and country (including postal or ZIP code) 423932 01-10-05 WASHINGTON DC 20005

Form 8868(Rev.12-2004)

Form 8868 (Rev 12-2004) Page 2

0 If you are filing for an Additional (not automatic) 3-Month Extension, complete only Part II and check this box . . . . . . . " FT Note : Only complete Part II if you have already been granted an automatic 3-month extension on a previously filed Form 8868 . 0 If you are filing for an Automatic 3-Month Extension, complete only Part 1 (on page 1) . `E It : Additional not automatic 3-Month Extension of Time - Must file Original and One Copy.

Name of Exempt Organization ' Employer identification number Type or print . VISION COUNCIL OF AMERICA f 52-1437632 File by the extended Number, street, and room or suite no . If a P.O . box, see instructions . . . ': For IRS use on ly due data for 1700 DIAGONAL ROAD NO . 500 filing the return see City, town or post office, state, and ZIP code . For a foreign address, see instructions . instructions ALEXANDRIA, VA 22314 ' ` T `

Check type of return to be filed (File a separate application for each return) : D Form 990 D Form 990~EZ 0 Form 990~T (sec . 401 (a) or 408(a) trust) D Form 1041 ~A ~ Form 5227 0 Form 8870

Form 990-BL 0 Form 990-PF D Form 990-T (trust other than above) D Form 4720 o Form 6069

STOP: Do not complete Part II if you were not already granted an automatic 3-month extension on a previously filed Form 8888 .

0 The books are in the care of " THE COUNC IL Telephone No. " (703) 5T8-4560 FAX No . If the organization does not have an office or place of business in the United States, check this box . . . . . " D If this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN) . If this is for the whole group, check this

box " = . If it is for part of the croup, check this box 1 D and attach a list with the names and EINs of all members the extension is for. 4 I request an additional 3-month extension of time until NOVEMBER 15, 2005 . 5 For calendar year 2 0 0 4 , or other tax year beginning and ending 6 If this tax year is for less than 12 months, check reason : = Initial return 0 Final return ~ Change in accounting period 7 State in detail why you need the extension

ADDITIONAL TIME IS NEEDED TO COMPILE THE INFORMATION NECESSARY TO FILE A COMPLETE AND ACCURATE RETURN .

8a If this application is for Form 990-BL, 990~PF, 990~T, 4720, or 6069, enter the tentative tax, less any nonrefundable credits. See instructions . . . . . , . � . � _ . . . . . . . . . . . . . . . . . . $

b If this application is for Form 990-PF, 990-T, 4720, or 6069, enter any refundable credits and estimated tax payments made . Include any poor year overpayment allowed as a credit and any amount paid previously with Form 8868 . . . . . . $

c Balance Due. Subtract line 8b from line 8a. Include your payment with this form, or, If required, deposit with FTD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment System). See instructions . . . . . . . . . . . $ N/A

Signature and Verification Under penalties of perjury, I declare that I have examined this form, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, cor e , and omplete, nd th am horized t pare this fo

Si nature " Tale " ~. Date v

00, Notice to Applicant - To Be Completed by the IRS ' /

We have approved this application . Please attach this form to the organization's return . 0 We have not approved this application . However, we have granted a 10-day grace period from the later of the date shown below or the due

date of the organization's return (including any poor extensions) . This grace period is considered to be a valid extension of time for elections otherwise required to be made on a timely return . Please attach this form to the organization's return .

D We have not approved this application . After considering the reasons stated in item 7, we cannot grant your request for an extension of time to file. We are not granting a 10-day grace period. We cannot consider this application because it was fled after the extended due date of the return for which an extension was requested . Other