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status. The government asked for summary judgment on the grounds that VSP did not qualify for tax exemption under 501(c)(4). Judge
Lawrence Karlton ruled against VSP on December 12, 2005. VSP argued that it qualified for exemption under 501(c)(4) because its operations were primarily for the promotion of social welfare through direct (contracted) services to broad segments of the community as well as through charity work. While Judge Karlton described VSP's charitable work as admirable, he found that VSP failed to establish it operated primarily for the promotion of civic betterments and social improvements within the meaning of the tax regulations.
466:
increasing and systems are being implemented to raise O.D. margins. However, an increasing number of O.D.s claimed that margins were actually cut and administrative requirements made so burdensome that they have or were considering dropping VSP. They wonder why financial and operational decisions that affect optometrists across the country (for example, the WellVision
Savings Statement) are made without their input.
93:
323:. It is a doctor-governed company divided into five businesses: “eye care insurance, high-quality eyewear, lens and lens enhancements, ophthalmic technology, and connected experiences to strengthen the relationship between patients and their eye doctors.” It has about 80 million members worldwide and is the largest vision insurance company in the United States.
36:
477:. Instead, the district court found, VSP operates much like a for-profit (with, for example, its executives getting bonuses tied to net income) and primarily for the benefit of its own member/subscribers, not for some greater social good and, thereafter, concluded it was not entitled to tax-exempt status under 501(c)(4).
383:
Inc. for $ 735 million with a combination of cash and debt after receiving regulatory approval from the
California Department of Managed Care and the Connecticut Department of Insurance. The VSP-owned Altair Eyewear became a division of Marchon and remains in its Rancho Cordova headquarters. VSP also
480:
In
November 2005, the parties presented cases before a federal district judge. VSP asked to be confirmed as a social welfare organization under 26 U.S.C. §501(c)(4) and asked for return of the 2003 tax payments and an order that the United States issue it a private letter recognizing VSP's 501(c)(4)
351:
In late 2007, VSP began to venture into Canada where it had served only
Canadian-based employees of U.S. firms. By 2012, VSP covered approximately 2,000 Canadians. In 2013, VSP Vision Care Canada entered into a partnership with FYidoctors, a private, optometry-owned eyecare provider with more than
465:
revealed the financial information of VSP. The article claimed that VSP reported on its website that in 2002 revenues were $ 1.86 billion and that it provided eyecare coverage for one in eight persons living in the United States. VSP said that along with this growth, payments to doctors are
364:(AOP), National Eyecare Group (NEG); the U.K. branch of Italy's Assicurazioni General S.p.A. insurance provider, Generali U.K.; and Thomsons Online Benefits, which specializes in helping companies around the world run their employee benefits programs.
432:, Sean John, Skaga, Victoria Beckham. Under the terms of the acquisition, Marchon became a wholly owned subsidiary. Marchon operates from its New York-based headquarters as an independent entity within the VSP organization.
360:
In 2013, VSP expanded its eyecare offerings to the United
Kingdom and Ireland, doing business as VSP Neighbourhood Eyecare, similar to the Australia and Canada ventures. VSP partnered with the
384:
gained ownership of the frame company Allure
Eyewear, as well as OfficeMate Software Solutions. Marchon manufactures and sells branded and proprietary eyewear and sunwear for such brands as
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In July 2008, VSP announced its acquisition of the Ft. Lauderdale, Fla.-based Ultra Lens lab and partnered with the optical lab
Perfect Optics in California.
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400 optometrists at 212 locations throughout Canada. VSP would market, sell and administer its vision care insurance platform to employers across Canada.
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found that VSP failed to prove that it was not organized for profit nor for the promotion of the greater social welfare, as is required of a
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As early as 1999, the IRS had started to look into VSP and its non-profit status. It all came to a head when an article printed in
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revoked VSP's tax exempt status citing exclusionary, members-only practices, and high compensation to executives.
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Eye
Designs, Eyeconic, Eyefinity, VSP Optics Group, Marchon Eyewear, Altair Eyewear, VisionWorks
768:"VSP Retail: Visionworks Acquisition is Complete but Not Our Investments in Private Practice"
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499:"Purpose At Work: How VSP Global Drives Growth and Impact Through Purpose"
743:"VSP buys Marchon Eyewear Inc. for $ 735M - Sacramento Business Journal"
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793:"Point/Counterpoint - VSP Helps VSP; VSP is Good for Private Practice"
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Text of Vision
Service Plan v. United States is available from:
689:"VSP Vision Care Offers Eyecare Benefit in the United Kingdom"
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555:"Op-Ed: Vision Service Plan vs. The United States of America"
524:"Vision Insurer to Ask Justices to Restore Its Tax Exemption"
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Weber, M.B.A., Gil; Smith, O.D., F. Mason (September 2003).
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608:"FYidoctors and VSP Vision Care Canada Form Partnership"
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Collection, Calvin Klein platinum, Calvin Klein Jeans,
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United States, Australia, Canada, Ireland, and the UK
635:"VSP Offers Eyecare Benefits in the United Kingdom"
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662:"VSP Vision Care Expands Into the United Kingdom"
861:Financial services companies established in 1955
851:Companies based in Sacramento County, California
217:Chief Provider & Industry Relations Officer
49:for grammar, style, cohesion, tone, or spelling
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548:
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227:Vision insurance, eyeglass frames and lenses
85:
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841:Health care companies based in California
396:, Cutler and Gross, Donna Karan, Dragon,
73:Learn how and when to remove this message
846:Insurance companies of the United States
716:"VSP Ramps Up Growth With Acquisitions"
581:"VSP Ramps Up Growth With Acquisitions"
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131:Alameda Contra Costa Optometric Society
856:American companies established in 1955
469:In 2005, a federal district judge in
266:, Inc., Office Mate, Altair Eyewear,
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714:Ciccolella, Cathy (21 July 2008).
579:Ciccolella, Cathy (21 July 2008).
439:, an optical retailer in the U.S.
25:
871:1955 establishments in California
522:Strom, Stephanie (16 July 2008).
375:In August 2008, VSP acquired the
722:. Jobson Medical Information LLC
668:. Jobson Medical Information LLC
614:. Jobson Medical Information LLC
587:. Jobson Medical Information LLC
103:CVS (California Vision Services)
91:
34:
633:Press Release (12 March 2013).
211:President and CEO of VSP Global
330:by a group of optometrists in
1:
866:Eye care in the United States
687:Press Release (24 May 2013).
237:19 million frames (2017)
133:Joint Council on Vision Care
747:Sacramento Business Journal
362:Association of Optometrists
143:; 69 years ago
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606:Staff (20 December 2013).
356:United Kingdom and Ireland
173:Rancho Cordova, California
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741:Staff (18 August 2008).
639:m.newsroom.vspglobal.com
336:Internal Revenue Service
342:International expansion
471:Sacramento, California
435:In 2019, VSP acquired
412:, Marchon NYC, Marni,
328:nonprofit organization
253:85 million (2017)
797:Optometric Management
660:Staff (27 May 2013).
463:Optometric Management
303:company operating in
326:Formed in 1955 as a
553:Weber, Gil (2008).
497:Mainwaring, Simon.
430:Salvatore Ferragamo
390:Columbia Sportswear
332:Oakland, California
185:Number of locations
154:Oakland, California
141:September 1955
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18:Vision Service Plan
529:The New York Times
377:Melville, New York
215:Michelle Skinner (
189:34,000 (2016)
53:You can assist by
443:Non-profit status
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233:Production output
209:Michael Guyette (
163:Bernhardt N. Thal
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826:VSP Ventures
801:. Retrieved
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695:. VSP Global
693:VSP Newsroom
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670:. Retrieved
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641:. VSP Global
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386:Calvin Klein
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368:Acquisitions
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259:Subsidiaries
195:Areas served
168:Headquarters
128:Predecessors
108:Company type
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63:October 2023
60:
47:copy editing
45:may require
44:
437:Visionworks
298:vision care
268:Visionworks
835:Categories
821:VSP Global
777:2021-02-14
772:VSP Global
559:ODwire.org
508:2020-07-06
485:References
319:, and the
205:Key people
55:editing it
475:501(c)(4)
426:Nine West
410:Longchamp
305:Australia
279:vspglobal
564:31 March
535:31 March
453:CaseText
394:Converse
379:company
224:Products
118:Industry
100:Formerly
803:3 April
752:1 April
726:1 April
699:1 April
672:1 April
645:1 April
618:1 April
591:1 April
418:Nautica
402:Lacoste
313:Ireland
296:) is a
274:Website
250:Members
160:Founder
148:1955-09
146: (
138:Founded
112:Private
503:Forbes
456:
450:
406:Liu·Jo
398:Flexon
347:Canada
315:, the
309:Canada
242:Brands
805:2016
754:2016
728:2016
701:2016
674:2016
647:2016
620:2016
593:2016
566:2016
537:2016
422:Nike
281:.com
294:VSP
152:in
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
