Texas Neurological Society
- Assets
- $1.4m
- Revenue
- $455.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 04/1980
- Data as of
- 12/2021
- EIN
- 74-2073058
Organization Overview
Texas Neurological Society is located in Austin, TX. The organization was established in 1980. According to its NTEE Classification (G50) the organization is classified as: Nerve, Muscle & Bone Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Neurological Society 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 12/2021, Texas Neurological Society generated $455.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $340.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION IN NEUROLOGICAL MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING FURTHERS KNOWLEDGE IN NEUROLOGICAL MEDICINE BY PROVIDING EDUCATIONAL AND INFORMATION SHARING OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eddie Patton MD President-Elect | OfficerTrustee | 2 | $0 |
Michael Soileau MD Secretary-Treas | OfficerTrustee | 2 | $0 |
Reeta Achari MD Vice President | OfficerTrustee | 2 | $0 |
Gary Clark MD President | OfficerTrustee | 5 | $0 |
Waleed El-Feky MD Past President | OfficerTrustee | 1 | $0 |
Yessar Hussain MD Member-At-Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $49,525 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,125 |
| Total Program Service Revenue | $381,805 |
| Investment income | $19,842 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $455,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $750 |
| Fees for services: Lobbying | $36,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,180 |
| Office expenses | $68 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,370 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $160,350 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,484 |
| All other expenses | $5,347 |
| Total functional expenses | $340,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,228,199 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $122,500 |
| 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 | $50,517 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $800 |
| Total assets | $1,402,016 |
| Accounts payable and accrued expenses | $7,956 |
| Grants payable | $0 |
| Deferred revenue | $319,600 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $327,556 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,074,460 |
| Total liabilities and net assets/fund balances | $1,402,016 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amyotrophic Lateral Sclerosis Association Dallas, TX | $2,820,179 | $3,521,384 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Shreveport, LA | $1,259,826 | $2,737,106 |
Answer Als New Orleans, LA | $7,757,258 | $1,800,662 |
Parkinson Voice Project Inc Richardson, TX | $13,688,709 | $10,580,198 |
Amyotrophic Lateral Sclerosis Association Albuquerque, NM | $976,620 | $950,547 |
Amyotrophic Lateral Sclerosis Association Rogers, AR | $983,703 | $277,216 |
International Trombone Association Norman, OK | $680,156 | $354,283 |
Texas Neurological Society Austin, TX | $1,402,016 | $455,772 |
Texas Neurofibromatosis Foundation Irving, TX | $579,783 | $347,948 |
Osteoporosis Foundation Of New Mexico Albuquerque, NM | $875,265 | $303,525 |
Strongwhenweak Santa Fe, TX | $102,315 | $335,170 |
Ms & W Bowen Chartiable Fund Dallas, TX | $2,854,522 | $570,313 |