Nonprofit · EIN 23-7091523
THE ASSOCIATION OF REGULATORY BOARDS OF OPTOMETRY INC
Tax-exempt · CHARLOTTE, NC 28277
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,928,997 | $1,759,521 | $169,476 | $3,407,276 | $73,405 | $3,333,871 |
| December 31, 2024 | 990 | $1,835,822 | $1,933,483 | -$97,661 | $3,165,888 | $206,769 | $2,959,119 |
| December 31, 2023 | 990 | $1,668,225 | $1,704,213 | -$35,988 | $3,030,249 | $91,292 | $2,938,957 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $56,400
- Membership dues
- $56,400
- Program service revenue
- $1,251,588
- Investment income
- $209,859
- Other revenue
- $411,150
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $168,600
- Other salaries and wages
- $689,089
- Salaries, compensation and benefits (total)
- $909,429
- Professional fundraising fees
- $0
- Legal fees
- $66,630
- Accounting fees
- $10,500
- Occupancy
- $22,068
- Depreciation
- $161,825
- Program services (functional)
- $1,300,940
- Management and general (functional)
- $458,581
Balance sheet and other
- Total assets, start of year
- $3,165,888
- Total assets, end of year
- $3,407,276
- Total liabilities, end of year
- $73,405
- Net assets, end of year
- $3,333,871
- Land, buildings and equipment
- $84,426
- Publicly traded securities
- $3,169,610
- Net assets without donor restrictions
- $3,333,871
- Gross receipts
- $1,928,997
- Employees
- 10
- Volunteers
- 60
- Year formed
- 1919
- State of legal domicile
- NE
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lisa Fennell | CEO Officer | 50 | $168,600 |
| Linda Tharp OD | Director Trustee or director | 1 | $0 |
| Lillian Wang OD | Director Trustee or director | 1 | $0 |
| Gerard Lozada OD | Director Trustee or director | 1 | $0 |
| Eric Bailey OD | Director Trustee or director | 1 | $0 |
| Luanne Chubb OD | Director Trustee or director | 1 | $0 |
| Donovan L Crouch OD | Consultant Trustee or director | 1 | $0 |
| Terri L Haley OD | President Trustee or director, Officer | 1 | $0 |
| Jeffery B Yunker OD | Past President Trustee or director, Officer | 1 | $0 |
| Glenn K Kawaguchi OD | Secretary/Treas Trustee or director, Officer | 1 | $0 |
| James S Campbell OD | Director Trustee or director | 1 | $0 |
| Patrick W O'Neill OD | Director Trustee or director | 1 | $0 |
| Margaret Whelan MPA | Vice President Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lisa Fennell | Executive Dir. Officer | 50 | $172,354 |
| Linda Tharp OD | Director Trustee or director | 1 | $0 |
| Coby S Ramsey OD | Past President Trustee or director, Officer | 1 | $0 |
| Gerard Lozada OD | Director Trustee or director | 1 | $0 |
| Eric Bailey OD | Director Trustee or director | 1 | $0 |
| Luanne Chubb OD | Director Trustee or director | 1 | $0 |
| Donovan L Crouch OD | Consultant Trustee or director | 1 | $0 |
| Terri L Haley OD | Vice President Trustee or director, Officer | 1 | $0 |
| Jeffery B Yunker OD | President Trustee or director, Officer | 2 | $0 |
| Glenn K Kawaguchi OD | Director Trustee or director | 1 | $0 |
| James S Campbell OD | Director Trustee or director | 1 | $0 |
| Patrick W O'Neill OD | Director Trustee or director | 1 | $0 |
| Margaret Whelan MPA | Secretary/Treas Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lisa Fennell | Executive Dir. Officer | 50 | $167,126 |
| Linda Tharp OD | Director Trustee or director | 1 | $0 |
| Coby S Ramsey OD | Past President Trustee or director, Officer | 1 | $0 |
| Gerard Lozada OD | Director Trustee or director | 1 | $0 |
| Donovan L Crouch OD | Consultant Trustee or director | 1 | $0 |
| Terri L Haley OD | Secretary/Treas Trustee or director, Officer | 1 | $0 |
| Jeffery B Yunker OD | President Trustee or director, Officer | 2 | $0 |
| Glenn K Kawaguchi OD | Director Trustee or director | 1 | $0 |
| James S Campbell OD | Director Trustee or director | 1 | $0 |
| Patrick W O'Neill OD | Vice President Trustee or director, Officer | 1 | $0 |
| Margaret Whelan MPA | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3440 TORINGDON WAY PMB 20533, CHARLOTTE, NC 28277-3190
- Principal officer (990 for 2025)
- Lisa Fennell, 3440 Toringdon Way PMB 20533, Charlotte, NC 28277
- Signed the 990
- Lisa Fennell, CEO
- Phone
- (704) 970-2710
- Website
- www.arbo.org
- Return prepared by
- Foard and Company PA
Mission
The mission of the Association of Regulatory Boards of Optometry is to represent and assist member licensing agencies in regulating the practice of optometry for the public welfare.
Program accomplishments
- The Council on Optometric Practitioner Education (COPE), the national clearinghouse for optometry CE courses, currently is accepted by 52 boards of optometry. Instructors can submit courses for COPE qualification and CE Administrators can submit their events (meeting, conference, etc.) for COPE approval and accreditation.Expenses $654,281 · revenue $620,523
- Optometrists can review their continuing education (CE) attendance data from anywhere via the internet. Users can view their chronological course history and print transcript or paper certificates. Licensing Boards can use the data in OE TRACKER to perform continuing education audits during their license renewal process.Expenses $646,659 · revenue $630,655
- Council on Endorsed Licensure Mobility for Optometrists (CELMO), assists state optometry boards in reviewing applications for licensure from established practitioners in other jurisdictions. Providing a license mobility vehicle by which state optometry boards can address the difficult task and burden of how to deal with the issue of licensure by endorsement in a uniform and consistent manner.revenue $1,550
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7091523
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W20Z)
- Assets (IRS master file)
- $3,407,276
- Income (IRS master file)
- $1,928,997
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,928,997 | $1,759,521 | $3,407,276 | XML |
| 990 | December 2024 | $1,835,822 | $1,933,483 | $3,165,888 | XML |
| 990 | December 2023 | $1,668,225 | $1,704,213 | $3,030,249 | XML |
| 990 | December 2022 | $1,595,028 | $1,614,790 | $2,789,265 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 23-7091523).
Questions about THE ASSOCIATION OF REGULATORY BOARDS OF OPTOMETRY INC
- What is the EIN of THE ASSOCIATION OF REGULATORY BOARDS OF OPTOMETRY INC?
- The employer identification number (EIN) of THE ASSOCIATION OF REGULATORY BOARDS OF OPTOMETRY INC is 23-7091523.
- Is THE ASSOCIATION OF REGULATORY BOARDS OF OPTOMETRY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to THE ASSOCIATION OF REGULATORY BOARDS OF OPTOMETRY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE ASSOCIATION OF REGULATORY BOARDS OF OPTOMETRY 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 THE ASSOCIATION OF REGULATORY BOARDS OF OPTOMETRY INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE ASSOCIATION OF REGULATORY BOARDS OF OPTOMETRY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THE ASSOCIATION OF REGULATORY BOARDS OF OPTOMETRY INC?
- The 990 for the year ended December 31, 2025 names Lisa Fennell.
- Who are the officers and directors of THE ASSOCIATION OF REGULATORY BOARDS OF OPTOMETRY INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 1 received compensation from the organization, the highest $168,600 (Lisa Fennell, CEO).
- How much revenue does THE ASSOCIATION OF REGULATORY BOARDS OF OPTOMETRY INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,928,997, expenses of $1,759,521 and total assets of $3,407,276 at year end.
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