Northeast Hearing & Speech Center Inc
- Assets
- $3.0m
- Revenue
- $2.5m
- Investments
- $2.3m
- Employees
- 33
- Location
- Portland, ME
- Founding
- 01/1972
- Data as of
- 06/2022
- EIN
- 01-0228262
Organization Overview
Northeast Hearing & Speech Center Inc is located in Portland, ME. The organization was established in 1972. As of 06/2022, Northeast Hearing & Speech Center Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Hearing & Speech Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Northeast Hearing & Speech Center Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HEARING & SPEECH EVALUATION/THERAPY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIAGNOSTIC TESTING & THERAPY FOR HEARING & SPEECH-IMPAIRED CLIENTS - OVER 11,000 CLIENTS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne M Cloutier Treasurer | OfficerTrustee | 2 | $0 |
Anne Marie Riley Director | Trustee | 1 | $0 |
Jeffrey Selser Director | Trustee | 1 | $0 |
Susan Adams Secretary | OfficerTrustee | 2 | $0 |
Zoram Blancas-Ruiz Vice President | OfficerTrustee | 2 | $0 |
Colin Baier President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $87,327 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,458 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,785 |
| Total Program Service Revenue | $2,387,725 |
| Investment income | $46,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,548,895 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,668 |
| Compensation of current officers, directors, key employees. | $44,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,112,680 |
| Pension plan accruals and contributions | $5,951 |
| Other employee benefits | $76,079 |
| Payroll taxes | $84,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,509 |
| Advertising and promotion | $5,341 |
| Office expenses | $19,043 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $186,009 |
| Travel | $23,276 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $360 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,142 |
| Insurance | $5,179 |
| All other expenses | $25,429 |
| Total functional expenses | $2,161,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,078 |
| Savings and temporary cash investments | $87,675 |
| Pledges and grants receivable | $86,000 |
| Accounts receivable, net | $135,735 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,370 |
| Prepaid expenses and deferred charges | $9,751 |
| Net Land, buildings, and equipment | $39,356 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,284,668 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,208 |
| Total assets | $2,989,841 |
| Accounts payable and accrued expenses | $145,927 |
| Grants payable | $0 |
| Deferred revenue | $87,350 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $233,277 |
| Net assets without donor restrictions | $2,643,632 |
| Net assets with donor restrictions | $112,932 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,989,841 |