Buffalo Hearing And Speech Center Inc
- Assets
- $12.7m
- Revenue
- $20.8m
- Investments
- $0.0
- Employees
- 533
- Location
- Buffalo, NY
- Founding
- 02/1960
- Data as of
- 12/2022
- EIN
- 16-0776186
Organization Overview
Buffalo Hearing And Speech Center Inc is located in Buffalo, NY. The organization was established in 1960. As of 12/2022, Buffalo Hearing And Speech Center Inc employed 533 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Hearing And 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 12/2022, Buffalo Hearing And Speech Center Inc generated $20.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $21.1m during the year ending 12/2022. While expenses have increased by 2.7% per year over the past 8 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
BHSC IS A NOT-FOR-PROFIT ORGANIZATION THAT OFFERS COMPREHENSIVE DIAGNOSIS AND TREATMENT FOR COMMUNICATION IMPAIRMENTS OF OVER 8,000 INDIVIDUALS AND FAMILIES ANNUALLY. THE CENTER IS A NEW YORK STATE EDUCATION DEPARTMENT APPROVED 4410(1)(K) PRESCHOOL AND SCHOOL AGE PROGRAM FOR CHILDREN WITH SPECIAL EDUCATION NEEDS AND IS ALSO APPROVED BY THE DEPARTMENT OF HEALTH AS AN EARLY INTERVENTION PROVIDER AND AS A DIAGNOSTIC TREATMENT CENTER. BUFFALO HEARING AND SPEECH CENTER IS NATIONALLY ACCREDITED BY THE NATIONAL ASSOCIATION OF SPEECH AND HEARING CENTERS AND HAS PROVIDED SERVICES IN THE WESTERN NEW YORK REGION SINCE 1953.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN EARLY INTERVENTION PROGRAM FOR CHILDREN FROM BIRTH TO 3 WITH AN OPERATION OF CENTER AND HOME BASED PRE-SCHOOL PROGRAMS FOR CHILDREN AGED 3-5 WITH GLOBAL DELAYS IN DEVELOPMENT, INCLUDING DELAYS IN SOCIAL COMMUNICATION, LITERACY AND AUTISM SPECTRUM DISORDER. INCORPORATE AN SED APPROVED SCHOOL AGE SPECIAL EDUCATION CLASSROOM FOR CHILDREN WITH DISABILITIES, AGES 5-8, GRADES K-3. 1,831 SERVED.
HEARING AND SPEECH SERVICES ARE PROVIDED ON AN OUTPATIENT-BASIS INCLUDING HEARING AND SPEECH EVALUATIONS, HEARING AID DISPENSING, COCHLEAR IMPLANT MAPPING, LITERACY, SOCIAL COMMUNICATIONS AND ACCENT MODIFICATION, AS WELL AS AUDITORY PROCESSING. 7,478 SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel P Mecca Chairman | OfficerTrustee | 2 | $0 |
Bill Panzica First Vice Chairman | OfficerTrustee | 2 | $0 |
John P Dee Second Vice Chairman | OfficerTrustee | 2 | $0 |
Daniel Reininga Treasurer | OfficerTrustee | 2 | $0 |
Gerald Chiari Secretary | OfficerTrustee | 2 | $0 |
Paul Banas Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $562,612 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $562,612 |
| Total Program Service Revenue | $19,879,234 |
| Investment income | $0 |
| 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 | $20,799,502 |
| 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. | $456,155 |
| Compensation of current officers, directors, key employees. | $456,155 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,711,961 |
| Pension plan accruals and contributions | $174,474 |
| Other employee benefits | $1,194,011 |
| Payroll taxes | $896,884 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $191,819 |
| Advertising and promotion | $78,984 |
| Office expenses | $438,725 |
| Information technology | $395,433 |
| Royalties | $0 |
| Occupancy | $744,785 |
| Travel | $56,366 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,896 |
| Interest | $21,763 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $273,470 |
| Insurance | $184,573 |
| All other expenses | $108,137 |
| Total functional expenses | $21,074,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,850 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,814,854 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $82,550 |
| Prepaid expenses and deferred charges | $92,235 |
| Net Land, buildings, and equipment | $1,993,140 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,515,727 |
| Total assets | $12,698,356 |
| Accounts payable and accrued expenses | $1,453,402 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,400,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,272,153 |
| Total liabilities | $7,125,555 |
| Net assets without donor restrictions | $5,572,801 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,698,356 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo Hearing And Speech Center Inc Buffalo, NY | $12,698,356 | $20,799,502 |
Hearing Evaluation Services Of Buffalo Inc Amherst, NY | $2,086,591 | $7,404,942 |
Stern Center For Language & Learning Williston, VT | $8,854,071 | $4,563,875 |
Hearing And Speech Center Of Rochester Inc Rochester, NY | $1,746,125 | $4,384,205 |
Mill Neck Foundation Inc Mill Neck, NY | $26,410,586 | $2,093,839 |
Mary And Alexander Laughlin Childrens Center Sewickley, PA | $11,883,297 | $2,603,167 |
National Stuttering Association Staten Island, NY | $1,579,439 | $718,931 |
Empire State Special Needs Experience Inc Spencer, NY | $559,248 | $408,670 |