Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,700,335

• 1f · All other contributions, gifts and grants

  $2,810,626

• 1g · Noncash contributions included above

  $200,729

• 2a · Program service revenue: PATIENT SERVICES

  total $7,236,328 · related or exempt $7,236,328

• 2b · Program service revenue: TRAINING & SUPPORT SERVICES

  total $46,000 · related or exempt $46,000

• 2c · Program service revenue: TUITION FOR EDUCATIONAL SERV

  total $21,854 · related or exempt $21,854

• 3 · Investment income

  total $248,836 · excluded $248,836

• 6a · Gross rents

  real property $7,375

• 6c · Rental income or loss

  real property $7,375

• 6d · Net rental income or loss

  total $7,375 · excluded $7,375

• 7a · Gross sales of assets other than inventory

  securities $2,016,595

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

  securities $2,186,647

• 7c · Gain or loss

  securities -$170,052

• 7d · Net gain or loss

  total -$170,052 · excluded -$170,052

• 11a · Other revenue: REWARDS AND DISCOUNTS

  total $36,649 · excluded $36,649

• 11b · Other revenue: MISCELLANEOUS

  total $14,560 · excluded $14,560

• 11e · Other revenue, total

  $51,209

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $575,472 · program services $517,606 · management and general $28,684 · fundraising $29,182

• 7 · Other salaries and wages

  total $7,395,725 · program services $6,651,231 · management and general $368,819 · fundraising $375,675

• 8 · Pension plan contributions

  total $190,036 · program services $170,705 · management and general $8,992 · fundraising $10,339

• 9 · Other employee benefits

  total $741,203 · program services $669,387 · management and general $37,139 · fundraising $34,677

• 10 · Payroll taxes

  total $605,143 · program services $548,650 · management and general $26,489 · fundraising $30,004

• 11b · Fees: legal

  total $38,936 · program services $24,026 · management and general $14,010 · fundraising $900

• 11c · Fees: accounting

  total $17,000 · program services $15,965 · management and general $207 · fundraising $828

• 11g · Fees: other

  total $188,404 · program services $184,287 · management and general $825 · fundraising $3,292

• 12 · Advertising and promotion

  total $281,362 · program services $275,124 · management and general $537 · fundraising $5,701

• 16 · Occupancy

  total $406,567 · program services $388,925 · management and general $3,770 · fundraising $13,872

• 22 · Depreciation, depletion and amortization

  total $720,631 · program services $691,554 · management and general $5,825 · fundraising $23,252

• 24a · Other expenses: HEARING TECHNOLOGY

  total $1,549,469 · program services $1,549,469

• 24b · Other expenses: OTHER EXPENSES

  total $343,159 · program services $294,855 · management and general $5,422 · fundraising $42,882

• 24c · Other expenses: COMPUTER SYSTEM EXPENSES

  total $269,453 · program services $249,300 · management and general $4,147 · fundraising $16,006

• 24d · Other expenses: SUPPLIES

  total $194,053 · program services $190,371 · management and general $2,167 · fundraising $1,515

• 24e · All other expenses

  total $115,088 · program services $52,436 · management and general $3 · fundraising $62,649

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,249,975 · end of year $2,259,784

• 2 · Savings and temporary cash investments

  end of year $2,450,251

• 3 · Pledges and grants receivable

  beginning of year $217,669 · end of year $284,000

• 4 · Accounts receivable

  beginning of year $620,499 · end of year $993,127

• 8 · Inventories for sale or use

  beginning of year $40,951 · end of year $68,047

• 9 · Prepaid expenses and deferred charges

  beginning of year $116,792 · end of year $131,933

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

  $15,710,637

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

  $4,734,887

• 10c · Land, buildings and equipment, net

  beginning of year $10,364,893 · end of year $10,975,750

• 11 · Investments: publicly traded securities

  beginning of year $6,180,340 · end of year $6,601,044

• 15 · Other assets

  beginning of year $542,055 · end of year $768,668

• 17 · Accounts payable and accrued expenses

  beginning of year $545,828 · end of year $1,018,311

• 19 · Deferred revenue

  beginning of year $597,750 · end of year $257,500

• 25 · Other liabilities

  end of year $63,766

• 27 · Net assets without donor restrictions

  beginning of year $15,666,958 · end of year $16,222,402

• 28 · Net assets with donor restrictions

  beginning of year $7,522,638 · end of year $6,970,625

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 5A

THE FOUNDATION PAYS ALL OF ITS AUDIOLOGISTS A COMMISSION BASED ON A PERCENT OF COLLECTED PROFITS OF HEARING AID SALES.