Texas Ophthalmological Association
- Assets
- $990.2k
- Revenue
- $460.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Austin, TX
- Founding
- 03/1958
- Data as of
- 12/2022
- EIN
- 74-6062216
Organization Overview
Texas Ophthalmological Association is located in Austin, TX. The organization was established in 1958. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Ophthalmological Association 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 12/2022, Texas Ophthalmological Association generated $460.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $567.4k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION IN ADVANCING OPHTHALMOLOGICAL MEDICINE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING TO PROMOTE EDUCATION AND EXCHANGE AMONG MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachael Reed Executive Director | Officer | 40 | $142,613 |
Jacob Moore MD President | OfficerTrustee | 1 | $0 |
Lindsey Harris MD Past President | OfficerTrustee | 1 | $0 |
Ximena DE Sabra MD Treasurer | OfficerTrustee | 1 | $0 |
H Miller Richert MD President-Elect/secretary | OfficerTrustee | 1 | $0 |
Kevin Kerr MD Councilor | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,900 |
| Total Program Service Revenue | $418,338 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,960 |
| 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 | $460,198 |
| 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. | $150,722 |
| 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 | $11,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,500 |
| Fees for services: Accounting | $3,709 |
| Fees for services: Lobbying | $98,975 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,572 |
| Advertising and promotion | $0 |
| Office expenses | $36,437 |
| Information technology | $7,500 |
| Royalties | $0 |
| Occupancy | $58,114 |
| Travel | $19,213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107,411 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,007 |
| All other expenses | $0 |
| Total functional expenses | $567,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,140 |
| Savings and temporary cash investments | $652,070 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $990,210 |
| Accounts payable and accrued expenses | $345,664 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $345,664 |
| Net assets without donor restrictions | $644,546 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $990,210 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Ophthalmological Association has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
American Academy Of Ophthalmology Inc San Francisco, CA PURPOSE: SCOPE OF SURGERY CAMPAIGNS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Travis Association For The Blind Austin, TX | $78,598,900 | $36,471,837 |
Lighthouse For The Blind In New Orleans New Orleans, LA | $20,791,021 | $9,622,051 |
Beacon Lighthouse Inc Wichita Falls, TX | $3,271,118 | $8,876,178 |
East Texas Lighthouse For The Blind Inc Tyler, TX | $45,131,329 | $9,265,830 |
Lighthouse For The Blind Of Houston Houston, TX | $28,697,781 | $5,413,103 |
Knights Templar Eye Foundation Inc Flower Mound, TX | $153,213,107 | $22,979,623 |
South Texas Lighthouse For The Blind Corpus Christi, TX | $31,893,208 | $5,279,988 |
Louisiana Assn For The Blind Inc Shreveport, LA | $31,579,658 | $6,008,985 |
Louisiana Center For The Blind Inc Ruston, LA | $4,006,211 | $2,266,620 |
Southern Eye-Bank Metairie, LA | $10,995,375 | $2,880,299 |
Houston Lighthouse Foundation Inc Houston, TX | $45,366,188 | $2,659,206 |
Louisiana Lions Eye Foundation Inc New Orleans, LA | $1,086,777 | $885,979 |