Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,500,000

• 2a · Program service revenue: AUDIOLOGY SERVICES, NET

  total $401,081 · related or exempt $401,081

• 2b · Program service revenue: VESTIBULAR & OTHER SERVICES, NET

  total $211,221 · related or exempt $211,221

• 10a · Gross sales of inventory

  $1,732,937

• 10b · Cost of goods sold

  $851,194

• 10c · Net income from sales of inventory

  total $881,743 · related or exempt $881,743

• 11a · Other revenue: MISC. INCOME

  total $42,606 · related or exempt $42,606

• 11e · Other revenue, total

  $42,606

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $226,968 · program services $113,484 · management and general $113,484

• 7 · Other salaries and wages

  total $1,058,469 · program services $1,058,079 · fundraising $390

• 9 · Other employee benefits

  total $43,599 · program services $43,579 · fundraising $20

• 10 · Payroll taxes

  total $96,234 · program services $92,614 · management and general $3,590 · fundraising $30

• 11c · Fees: accounting

  total $69,611 · management and general $69,611

• 11g · Fees: other

  total $122,770 · program services $118,399 · management and general $4,015 · fundraising $356

• 12 · Advertising and promotion

  total $128,099 · program services $121,647 · fundraising $6,452

• 13 · Office expenses

  total $19,763 · program services $16,926 · management and general $2,364 · fundraising $473

• 14 · Information technology

  total $83,196 · program services $71,254 · management and general $9,952 · fundraising $1,990

• 16 · Occupancy

  total $134,284 · program services $115,009 · management and general $16,063 · fundraising $3,212

• 17 · Travel

  total $17,481 · program services $14,972 · management and general $2,091 · fundraising $418

• 20 · Interest

  total $18 · program services $18

• 22 · Depreciation, depletion and amortization

  total $11,240 · program services $7,756 · management and general $3,147 · fundraising $337

• 23 · Insurance

  total $11,330 · program services $9,704 · management and general $1,355 · fundraising $271

• 24a · Other expenses: MISCELLANEOUS

  total $64,621 · program services $62,252 · management and general $1,974 · fundraising $395

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $58,135 · program services $56,907 · management and general $1,023 · fundraising $205

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $21,203 · program services $18,178 · management and general $2,521 · fundraising $504

• 24d · Other expenses: AUDIOLOGY SUPPLIES

  total $12,830 · program services $12,830

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $790,439 · end of year $45,118

• 4 · Accounts receivable

  beginning of year $272,700 · end of year $274,874

• 7 · Other notes and loans receivable

  beginning of year $8,086 · end of year $31,246

• 8 · Inventories for sale or use

  beginning of year $85,206 · end of year $202,604

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,650 · end of year $16,198

• 10a · Land, buildings and equipment: cost or other basis

  $529,584

• 10b · Land, buildings and equipment: accumulated depreciation

  $78,748

• 10c · Land, buildings and equipment, net

  beginning of year $14,046 · end of year $450,836

• 15 · Other assets

  beginning of year $0 · end of year $105,802

• 17 · Accounts payable and accrued expenses

  beginning of year $314,412 · end of year $364,114

• 23 · Secured mortgages and notes payable

  end of year $13,118

• 25 · Other liabilities

  beginning of year $2,830,092 · end of year $1,865,023

• 27 · Net assets without donor restrictions

  beginning of year -$1,972,377 · end of year -$1,687,074

• 28 · Net assets with donor restrictions

  end of year $571,497

The filer's explanations (Part III)

PART I, LINE 3

THE CEO'S COMPSENSATION IS PAID BY A RELATED ORGANIZATION. A PORTION OF THE COMPENSATION EXPENSE IS ALLOCATED TO THIS ORGANIZATION. BOTH ORGANIZATIONS MAINTAIN THE SAME BOARD OF DIRECTORS, WHICH IS RESPONSIBLE FOR DETERMINING THE CEO'S TOTAL COMPENSATION.

PART I, LINE 5

CEO EARNS BONUSES ON A MONTHLY BASIS BY ACHIEVING DESIGNATED METRICS BASED ON MEETING OPERATIONAL GOALS. BONUS STRUCTURE WAS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.

PART I, LINE 7

CEO EARNS BONUSES ON A MONTHLY BASIS BY ACHIEVING DESIGNATED METRICS BASED ON MEETING OPERATIONAL GOALS. BONUS STRUCTURE WAS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• HEUSER HEARING PRODUCTS INC

  C · PROVIDE AUDIOLOGICAL MEDICAL SERVICES · KY · 100% owned · controlled entity

  Directly controlled by THE EDITH & HENRY HEUSER HEARING INSTITUTE INC