Texas Optometric Association Inc
- Assets
- $6.8m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Austin, TX
- Founding
- 11/1939
- Data as of
- 12/2023
- EIN
- 74-1138105
Organization Overview
Texas Optometric Association Inc is located in Austin, TX. The organization was established in 1939. According to its NTEE Classification (G41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, Texas Optometric Association Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Optometric Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Texas Optometric Association Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 1.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DOCTORS OF OPTOMETRY WORKING TOGETHER TO ADVANCE EXCELLENCE IN EYECARE FOR EVERY TEXAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF ANNUAL CONVENTION - PROVIDES EDUCATIONAL, PROFESSIONAL, AND SOCIAL ACTIVITIES FOR MEMBERS.
PRODUCTION OF ASSOCIATIONS JOURNAL - PROVIDES INFORMATION TO MEMBERS CONCERNING THE PROFESSION AND INDUSTRY.
ROYALTY PROGRAMS - THE ASSOCIATION ALLOWS CERTAIN BUSINESSES AND ORGANIZATIONS TO PROVIDE GOODS AND SERVICES TO MEMBERS AT DISCOUNTS TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Deakins President | OfficerTrustee | 10 | $10,000 |
Kumar Patel President-Elect | OfficerTrustee | 10 | $0 |
Beth Robinson Secretary/treasurer | OfficerTrustee | 10 | $0 |
Matt Valdes Immediate Past President | Trustee | 5 | $0 |
Adam Cox Trustee | Trustee | 5 | $0 |
Michael Maldonado Trustee | Trustee | 5 | $1,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Niemann & Heyer Llp Legal | 12/30/23 | $102,307 |
Texas Political Solutions Llc Lobbying | 12/30/23 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,200,386 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $155,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,355,886 |
| Total Program Service Revenue | $1,021,289 |
| Investment income | $65,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $28,500 |
| Net Rental Income | $59,008 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,537,148 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $147,680 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,011 |
| Pension plan accruals and contributions | $17,538 |
| Other employee benefits | $33,515 |
| Payroll taxes | $30,293 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $231,562 |
| Fees for services: Accounting | $14,070 |
| Fees for services: Lobbying | $127,800 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,881 |
| Advertising and promotion | $0 |
| Office expenses | $89,959 |
| Information technology | $30,334 |
| Royalties | $0 |
| Occupancy | $66,562 |
| Travel | $14,388 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,142,400 |
| Interest | $26,760 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,201 |
| Insurance | $8,322 |
| All other expenses | $14,664 |
| Total functional expenses | $2,387,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $629,441 |
| Savings and temporary cash investments | $50,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,666 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $46,995 |
| Net Land, buildings, and equipment | $2,820,156 |
| Investments—publicly traded securities | $3,190,688 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,010 |
| Total assets | $6,782,956 |
| Accounts payable and accrued expenses | $125,833 |
| Grants payable | $0 |
| Deferred revenue | $344,822 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $250,391 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,583,490 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,459 |
| Total liabilities | $2,336,995 |
| Net assets without donor restrictions | $4,305,125 |
| Net assets with donor restrictions | $140,836 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,782,956 |