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Nonprofit · EIN 74-1138105

TEXAS OPTOMETRIC ASSOCIATION INC

Tax-exempt · AUSTIN, TX 78705

Financials

$2.5M$2.4M2023$2.4M$2.3M2024
Revenue Expenses · by fiscal year end
Financials of TEXAS OPTOMETRIC ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,357,542$2,330,119$27,423$7,483,683$2,414,478$5,069,205
December 31, 2023990$2,537,148$2,387,940$149,208$6,782,956$2,336,995$4,445,961
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,266,295
Membership dues
$1,261,495
Program service revenue
$1,005,897
Investment income
$83,692
Royalties
$30,593
Net rental income
-$41,935
Other revenue
$1,658

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$152,237
Other salaries and wages
$272,057
Salaries, compensation and benefits (total)
$507,272
Professional fundraising fees
$0
Legal fees
$164,205
Accounting fees
$14,545
Occupancy
$54,080
Travel
$18,251
Depreciation
$36,548

Balance sheet and other

Total assets, start of year
$6,782,956
Total assets, end of year
$7,483,683
Total liabilities, end of year
$2,414,478
Net assets, end of year
$5,069,205
Land, buildings and equipment
$2,788,242
Publicly traded securities
$3,854,689
Net assets without donor restrictions
$4,962,107
Net assets with donor restrictions
$107,098
Gross receipts
$2,540,186
Employees
5
Volunteers
0
Year formed
1900
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
SHERRY BALLANCEEXECUTIVE DIRECTOR
Officer
40$132,384$19,853
KUMAR PATELPRESIDENT
Trustee or director, Officer
10$10,000$0
BETH ROBINSONPRESIDENT-ELECT
Trustee or director, Officer
10$0$0
ADAM COXTREASURER
Trustee or director, Officer
10$0$0
JENNIFER DEAKINSIMMEDIATE PAST PRESIDENT
Trustee or director
5$0$0
SHEETAL BAGATRUSTEE
Trustee or director
5$0$0
MARY KATE WALTERSTRUSTEE
Trustee or director
5$0$0
NEHA PATELTRUSTEE
Trustee or director
5$0$0
DAVID TYBORTRUSTEE
Trustee or director
5$0$0
NEKIMA WILLIAMSTRUSTEE
Trustee or director
5$0$0
KIMBERLY WAMPERTRUSTEE
Trustee or director
5$0$0
SHAWN PRAPTATRUSTEE
Trustee or director
5$0$0
DAVID DINHTRUSTEE
Trustee or director
5$0$0
AJAY PATELTRUSTEE
Trustee or director
5$0$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensationOther / benefits
SHERRY BALLANCEEXECUTIVE DIRECTOR
Officer
40$129,393$18,287
JENNIFER DEAKINSPRESIDENT
Trustee or director, Officer
10$10,000$0
MICHAEL MALDONADOTRUSTEE
Trustee or director
5$1,600$0
KUMAR PATELPRESIDENT-ELECT
Trustee or director, Officer
10$0$0
BETH ROBINSONSECRETARY/TREASURER
Trustee or director, Officer
10$0$0
MATT VALDESIMMEDIATE PAST PRESIDENT
Trustee or director
5$0$0
ADAM COXTRUSTEE
Trustee or director
5$0$0
VISSETT SUNTRUSTEE
Trustee or director
5$0$0
DAVID DINHTRUSTEE
Trustee or director
5$0$0
SHAWN PRAPTATRUSTEE
Trustee or director
5$0$0
AJAY PATELTRUSTEE
Trustee or director
5$0$0
RYAN PATELTRUSTEE
Trustee or director
5$0$0
NEHA PATELTRUSTEE
Trustee or director
5$0$0
KIMBERLY WAMPLERTRUSTEE
Trustee or director
5$0$0

Address and contacts

Address (IRS master file)
3011 N LAMAR BLVD STE 300, AUSTIN, TX 78705-2004
Principal officer (990 for 2024)
SHERRY BALLANCE, 3011 N LAMAR BLVD STE 300, AUSTIN, TX 78705
Signed the 990
KUMAR PATEL, PRESIDENT
Phone
(512) 707-2020
Return prepared by
Allman & Associates Inc

Mission

DOCTORS OF OPTOMETRY WORKING TOGETHER TO ADVANCE EXCELLENCE IN EYECARE FOR EVERY TEXAN.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
74-1138105
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1939
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$7,483,683
Income (IRS master file)
$2,540,186

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,357,542$2,330,119$7,483,683XML
990December 2023$2,537,148$2,387,940$6,782,956XML
990December 2022$2,241,289$2,146,597$6,160,064IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-1138105).

Questions about TEXAS OPTOMETRIC ASSOCIATION INC

What is the EIN of TEXAS OPTOMETRIC ASSOCIATION INC?
The employer identification number (EIN) of TEXAS OPTOMETRIC ASSOCIATION INC is 74-1138105.
Is TEXAS OPTOMETRIC ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1939.
Are donations to TEXAS OPTOMETRIC ASSOCIATION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does TEXAS OPTOMETRIC ASSOCIATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of TEXAS OPTOMETRIC ASSOCIATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TEXAS OPTOMETRIC ASSOCIATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of TEXAS OPTOMETRIC ASSOCIATION INC?
The 990 for the year ended December 31, 2024 names SHERRY BALLANCE.
Who are the officers and directors of TEXAS OPTOMETRIC ASSOCIATION INC?
The 990 for the year ended December 31, 2024 lists 14 people; 2 received compensation from the organization, the highest $132,384 (SHERRY BALLANCE, EXECUTIVE DIRECTOR).
How much revenue does TEXAS OPTOMETRIC ASSOCIATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,357,542, expenses of $2,330,119 and total assets of $7,483,683 at year end.

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