Sound Start Babies Foundation For Deaf And Hard Of Hearing Children
- Assets
- $361.1k
- Revenue
- $224.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Mountain Lakes, NJ
- Founding
- 03/1997
- Data as of
- 08/2021
- EIN
- 22-3473606
Organization Overview
Sound Start Babies Foundation For Deaf And Hard Of Hearing Children is located in Mountain Lakes, NJ. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 08/2021, Sound Start Babies Foundation For Deaf And Hard Of Hearing Children employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sound Start Babies Foundation For Deaf And Hard Of Hearing Children 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 08/2021, Sound Start Babies Foundation For Deaf And Hard Of Hearing Children generated $224.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $325.8k during the year ending 08/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HISTORICALLY, THE SOUND START BABIES FOUNDATION FOR DEAF AND HARD OF HEARING CHILDREN, A NON-PROFIT CORPORATION CONDUCTED CHARITABLE AND EDUCATIONAL ACTIVITIES AND SOUGHT FUNDING TO SUPPORT INFANTS AND CHILDREN WITH HEARING LOSS FROM BIRTH THROUGH AGE THREE AND THEIR FAMILIES THROUGH IDENTIFICATION, THERAPY, AND EDUCATION. EFFECTIVE JULY 20, 2020, THE SOUND START BABIES FOUNDATION FOR DEAF AND HARD OF HEARING CHILDREN, A 501(C) (3) CORPORATION, TOOK A NEW NAME AND BECAME THE SOUND START BABIES PROGRAM FOR DEAF AND HARD OF HEARING CHILDREN (THE PROGRAM) EMPHASIZING THE PROGRAMMATIC PORTION OF THEIR RESPONSIBILITIES. AT THAT TIME THE PROGRAM BOARD OF DEDICATED VOLUNTEERS BEGAN TO FULLY MANAGE AND ADMINISTER THE EARLY INTERVENTION PROGRAM INCLUDING PAYROLL AND OPERATIONAL ACTIVITIES. A NEW ENTITY KNOWN AS THE SOUND START FOUNDATION (THE FOUNDATION) WAS CREATED TO CONTINUE FUNDRAISING EFFORTS TO PROVIDE FINANCIAL SUPPORT TO THE SOUND START BABIES PROGRAM. THE SOUND START BABIES PROGRAM HAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOUND START BABIES PROGRAM HELPS MORE THAN 1,500 CHILDREN FROM NORTHERN ANDCENTRAL NEW JERSEY ACHIEVE LISTENING, SPEAKING, AND COMMUNICATION SKILLS THAT ARE THE FOUNDATION FOR ACADEMIC SUCCESS AND INDEPENDENT ADULT FUNCTIONING. THE PROGRAM IS PARTIALLY SUPPORTED BY REIMBURSEMENT FOR SERVICES PROVIDED FROM THE NEW JERSEYDEPARTMENT OF HEALTH AND THROUGH TUITION PAYMENTS FROM COMMUNITY CHILDREN ENROLLED IN THE NURSERY PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Ryan Treasurer | OfficerTrustee | 5 | $0 |
Kaitlin Stahl Secretary | OfficerTrustee | 5 | $0 |
Laura Mckirdy PHD President | OfficerTrustee | 5 | $0 |
Christine Olwell Vice President | OfficerTrustee | 5 | $0 |
Margherita Mozer Trustee | Trustee | 10 | $0 |
Marjorie Solomon Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $224,726 |
| 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 | $224,726 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $258,420 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $41,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,421 |
| Advertising and promotion | $0 |
| Office expenses | $309 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $299 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,059 |
| Insurance | $5,324 |
| All other expenses | $159 |
| Total functional expenses | $325,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,912 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $10,688 |
| Net Land, buildings, and equipment | $35,583 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,940 |
| Total assets | $361,123 |
| Accounts payable and accrued expenses | $4,500 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $87,608 |
| Total liabilities | $92,108 |
| Net assets without donor restrictions | $269,015 |
| 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 | $361,123 |
Grants Awarded
Over the last fiscal year, Sound Start Babies Foundation For Deaf And Hard Of Hearing Children has awarded $309,899 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MOUNTAIN LAKES BOARD OF ED PURPOSE: Early Intervention Program | $294,399 |
LAKE DRIVE SCHOOL PURPOSE: Lake Drive School Programs | $15,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sound Start Babies Foundation For Deaf And Hard Of Hearing Children has recieved totaling $762.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $762 |
Endowment Analysis
| Beg. Balance | $1,747,760 |
| Earnings | $112,085 |
| Admin Expense | $24,015 |
| Ending Balance | $1,835,830 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |