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Nonprofiteer
← AUDITORY LEARNING FOUNDATION

Form 990 for tax year 2024

Filed by AUDITORY LEARNING FOUNDATION.

Totals

Total revenue
$9,335,396
Total expenses
$6,969,415
Contributions and grants received
$550,000
Grants paid
$6,227,742
Program service revenue
$0
Investment income
$8,785,396
Other revenue
$0
Total assets, end of year
$192,708,043
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$192,708,043
Program services expenses (Part IX)
$6,818,145
Management and general expenses
$151,270
Fundraising expenses
$0
Program service expenses (Part III)
$6,818,145

Program services were 97.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $550,000

  • 3 · Investment income

    total $2,710,806 · unrelated business $2,092 · excluded $2,708,714

  • 7a · Gross sales of assets other than inventory

    securities $36,532,021

  • 7b · Less cost or other basis and sales expenses

    securities $30,457,431

  • 7c · Gain or loss

    securities $6,074,590

  • 7d · Net gain or loss

    total $6,074,590 · related or exempt $6,074,590

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,227,742 · program services $6,227,742

  • 11c · Fees: accounting

    total $138,540 · management and general $138,540

  • 11f · Fees: investment management

    total $590,403 · program services $590,403

  • 13 · Office expenses

    total $492 · management and general $492

  • 23 · Insurance

    total $12,238 · management and general $12,238

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $17,016,378 · end of year $13,219,304

  • 11 · Investments: publicly traded securities

    beginning of year $114,707,772 · end of year $114,226,252

  • 12 · Investments: other securities

    beginning of year $49,565,842 · end of year $65,262,487

  • 27 · Net assets without donor restrictions

    beginning of year $160,870,485 · end of year $170,298,346

  • 28 · Net assets with donor restrictions

    beginning of year $20,419,507 · end of year $22,409,697

Mission and programs · 2024

Mission

TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES

  • MANAGED INVESTMENTS IN ORDER TO SUPPORT THE SUNSHINE COTTAGE SCHOOL FOR DEAF CHILDREN

    Expenses $6,818,145 · Grants $6,227,742

As filed on the 2024 return.

Listed in Part VII

  • Jan Meadows

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Mitchell Spector

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Paul McSween III

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Todd Brockwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Toby Calvert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Juan Landa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mike Viola

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
10 April 2026
IRS schema version
2024v5.5
Source object
202641049349301004

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