Metropolitan Washington Ear Inc
- Assets
- $3.5m
- Revenue
- $554.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Silver Spring, MD
- Founding
- 11/1973
- Data as of
- 06/2022
- EIN
- 23-7284141
Organization Overview
Metropolitan Washington Ear Inc is located in Silver Spring, MD. The organization was established in 1973. According to its NTEE Classification (G42) the organization is classified as: Ear & Throat Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2022, Metropolitan Washington Ear Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan Washington Ear 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, Metropolitan Washington Ear Inc generated $554.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $592.8k during the year ending 06/2022. While expenses have increased by 0.4% 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
RADIO READING SERVICE FOR BLIND
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROADCAST SERVICES TO THE SIGHT-IMPAIRED AND PHYSICALLY HANDICAPPED OVER PRE-SET RECEIVERS FURNISHED FREE OF CHARGE TO QUALIFIED LISTENERS.
DIAL-IN NEWS BY TELEPHONE.
AUDIO DESCRIPTION OF THEATER AND FILM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cornelia Oplinger Executive Director | Officer | 56 | $145,157 |
Dr Suleiman Alibhai Trustee | Trustee | 1 | $0 |
Dr Phyllis J Burson Trustee | Trustee | 1 | $0 |
Penny Reeder Trustee | Trustee | 1 | $0 |
Freddie L Peaco President Emerita | OfficerTrustee | 1 | $0 |
Theresa Pacheco President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,487 |
| Investment income | $63,566 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,793 |
| Net Gain/Loss on Asset Sales | $52,027 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $554,398 |
| 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. | $145,422 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $227,729 |
| Pension plan accruals and contributions | $6,836 |
| Other employee benefits | $0 |
| Payroll taxes | $28,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,899 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,395 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,392 |
| Information technology | $11,813 |
| Royalties | $0 |
| Occupancy | $14,195 |
| Travel | $0 |
| 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 | $42,783 |
| Insurance | $7,847 |
| All other expenses | $0 |
| Total functional expenses | $592,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,788 |
| Savings and temporary cash investments | $433,317 |
| Pledges and grants receivable | $16,032 |
| Accounts receivable, net | $6,300 |
| 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 | $4,784 |
| Investments—publicly traded securities | $1,716,692 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,466,434 |
| Accounts payable and accrued expenses | $42,927 |
| 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 | $1,275 |
| Total liabilities | $44,202 |
| Net assets without donor restrictions | $3,422,232 |
| 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 | $3,422,232 |