Hearing Health Foundation
- Assets
- $12.3m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 8
- Location
- New York, NY
- Founding
- 05/1958
- Data as of
- 09/2021
- EIN
- 13-1882107
Organization Overview
Hearing Health Foundation is located in New York, NY. The organization was established in 1958. According to its NTEE Classification (H20) the organization is classified as: Birth Defects & Genetic Diseases Research, under the broad grouping of Medical Research and related organizations. As of 09/2023, Hearing Health Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hearing Health Foundation 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 09/2021, Hearing Health Foundation generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $2.8m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hearing Health Foundation has awarded 136 individual grants totaling $11,982,619. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PREVENT AND CURE HEARING LOSS AND TINNITUS. (SEE SCH O ) HEARING HEALTH FOUNDATION'S VISION IS TO HAVE A WORLD WHERE PEOPLE CAN ENJOY LIFE WITHOUT HEARING LOSS AND TINNITUS. SINCE 1958, HEARING HEALTH FOUNDATION HAS BEEN THE LEADING NONPROFIT FUNDER FOR FUNDING FOR BASIC, CLINICAL AND TRANSLATIONAL RESEARCH IN HEARING AND BALANCE SCIENCE, AND A LEADER IN DRIVING NEW INNOVATIONS AND TREATMENTS FOR PEOPLE WITH HEARING LOSS, TINNITUS, AND OTHER HEARING CONDITIONS. THIS INCLUDES FUNDING RESEARCH THAT LED TO THE DEVELOPMENT OF COCHLEAR IMPLANTS AND MANY OF TODAY'S STANDARD TREATMENTS FOR OTOSCLEROSIS (ABNORMAL BONE GROWTH IN THE EAR) AND EAR INFECTIONS. IN THE 1990'S HEARING HEALTH FOUNDATION ADVOCATED IN WASHINGTON, DC, FOR UNIVERSAL NEWBORN HEARING SCREENING LEGISLATION, TO DETECT HEARING LOSS AT BIRTH. TODAY, 98% OF NEWBORNS ARE TESTED (UP FROM 4% IN 1994).
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEARING RESTORATION PROJECT AND EMERGING RESEARCH GRANTS - HEARING HELATH FOUNDATION IS COMMITTED TO HEARING RESEARCH AND SUPPORTS TWO PILLAR RESEARCH PROGRAMS, EMERGING RESEARCH GRANTS (ERG) AND THE HEARING RESTORATION PROJECT (HRP). THE ERG PROGRAM PROVIDES SEED FUNDING TO RESEARCHERS WORKING ACROSS THE SPECTRUM OF HEARING AND BALANCE SCIENCE, INCLUDING MANY UNDERFUNDED AREAS OF OTOLOGY. SINCE 1958 HHF HAS THROUGH ERG FUNDED INNOVATIVE RESEARCH THAT HAS ADVANCED BASIC, CLINICAL AND TRANSLATIONAL RESEARCH IN HEARING AND BALANCE. HHF'S HRP, FOUNDED IN 2011, IS THE FIRST INTERNATIONAL CONSORTIUM OF RESEARCHERS WORKING TO REGENERATE THE SENSORY CELLS IN THE INNER EAR TO RESTORE HEARING AND CURE TINNITUS.
"HEARING HEALTH MAGAZINE (HHM) - HHM IS THE AWARD-WINNING MAGAZINE PUBLISHED BY HEARING HEALTH FOUNDATION THAT IS THE ULTIMATE CONSUMER EDUCATION RESOURCE ON HEARING LOSS, TINNITUS, AND RELATED HEARING AND BALANCE CONDITIONS. AVAILABLE IN PRINT AND ONLINE, THE QUARTERLY FOR AND BY CONSUMERS AND PROFESSIONALS ALIKE HIGHLIGHTS INSPIRING, RELATABLE FIRST-PERSON STORIES AND RELIABLE, REAL-WORLD SOLUTIONS BASED ON THE LATEST RESEARCH AND TECHNOLOGY. HHM CONNECTS MEMBERS OF THE HEARING LOSS COMMUNITY TO ONE ANOTHER WHILE PROVIDING TIMELY SCIENTIFIC PROGRESS REPORTS AND EMPHASIZING PREVENTION AND THE CONNECTION BETWEEN HEARING HEALTH AND OVERALL WELLBEING.
COMMUNICATION/EDUCATION - HEARING HEALTH FOUNDATION'S "KEEP LISTENING" CAMPAIGN IS AN EVERGREEN INITIATIVE TO EDUCATE ALL AGES ABOUT THE IMPORTANCE OF HEARING HEALTH AND PREVENTING HEARING DAMAGE, INCLUDING TINNITUS, FROM THE ONLY FULLY MODIFIABLE CAUSE OF HEARING LOSSEXCESS NOISE. THROUGH ENGAGING BROADCAST TV PUBLIC SERVICE ANNOUNCEMENTS AND CONCERTED SOCIAL MEDIA OUTREACH, THE CAMPAIGN SOUNDS THE ALARM OF LISTENING TOO LOUD AND TOO LONG SUCH AS THROUGH HEADPHONES AND AT NOISY MUSIC AND RECREATIONAL VENUES, AND TEACHES SIMPLE LIFESTYLE CHANGES TO PROTECT HEARING SUCH AS USING EARPLUGS, TAKING HEARING BREAKS, AND ADVOCATING FOR QUIETER SHARED PUBLIC SPACES. IN ADDITION TO TV AND SOCIAL MEDIA, HHF BROADLY SHARES EDUCATIONAL CONTENT AND RESEARCH UPDATES THROUGH THE WEBSITE AND BLOG, PRINT MAGAZINE, DIGITAL NEWSLETTER, AND AT CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Orlin Vice Chair | OfficerTrustee | 4 | $0 |
Robert Boucai Treasurer | OfficerTrustee | 4 | $0 |
Michael Nolan Secretary (left 12/12/22) | OfficerTrustee | 4 | $0 |
Elizabeth M Keithley Chair Emerita | Trustee | 10 | $0 |
Roger Harris Director | Trustee | 1 | $0 |
Anil Lalwani Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,961,472 |
| Investment income | $218,533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $439,690 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,730,095 |
| Statement of Expenses | |
|---|---|
| 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. | $233,862 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $362,971 |
| Pension plan accruals and contributions | $14,504 |
| Other employee benefits | $78,272 |
| Payroll taxes | $45,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $68,209 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,398 |
| Fees for services: Other | $345,869 |
| Advertising and promotion | $43,743 |
| Office expenses | $111,858 |
| Information technology | $67,753 |
| Royalties | $0 |
| Occupancy | $161,196 |
| Travel | $10,742 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $647 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,986 |
| Insurance | $9,136 |
| All other expenses | $0 |
| Total functional expenses | $2,813,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,040,382 |
| Savings and temporary cash investments | $414,894 |
| Pledges and grants receivable | $1,610,926 |
| Accounts receivable, net | $27,530 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $70,545 |
| Investments—publicly traded securities | $8,841,932 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $281,438 |
| Total assets | $12,344,240 |
| Accounts payable and accrued expenses | $82,212 |
| Grants payable | $0 |
| Deferred revenue | $31,516 |
| 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 | $113,728 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $12,230,512 |
Grants Awarded
Over the last fiscal year, Hearing Health Foundation has awarded $2,131,903 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA STATE UNIVERSITY OFFICE FOR RESEARCH & SPONSORED PROJECTS ADMIN PURPOSE: RESEARCH GRANT | $49,999 |
BAYLOR COLLEGE OF MEDICINE SPONSORED PROGRAMS OFFICE PURPOSE: RESEARCH GRANT | $174,000 |
CREIGHTON UNIVERSITY PURPOSE: RESEARCH GRANT | $94,500 |
FATHER FLANAGANS BOYS HOME BOYS TOWN NATIONAL RESEARCH HOSPITAL PURPOSE: RESEARCH GRANT | $50,000 |
JOHNS HOPKINS UNIVERSITY SCHOOL OF MEDICINE OFFICE OF RESEARCH ADMINISTRATI PURPOSE: RESEARCH GRANT | $100,000 |
MEDICAL UNIVERSITY OF SOUTH CAROLINA PURPOSE: RESEARCH GRANT | $99,300 |