Foundation For Hearing & Speech Rehabilitation
- Assets
- $2.4m
- Revenue
- $299.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Chicago, IL
- Founding
- 02/1958
- Data as of
- 12/2022
- EIN
- 36-6082810
Organization Overview
Foundation For Hearing & Speech Rehabilitation is located in Chicago, IL. The organization was established in 1958. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Hearing & Speech Rehabilitation 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, Foundation For Hearing & Speech Rehabilitation generated $299.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $289.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Foundation For Hearing & Speech Rehabilitation has awarded 21 individual grants totaling $643,763. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FUNDING FOR THE MOST INNOVATIVE HEARING AND SPEECH PROGRAMS IN AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF INNOVATIVE CLINICAL SERVICES, RESEARCH AND TRAINING PROGRAMS THAT ENABLE INDIVIDUALS WITH COMMUNICATIVE DISORDERS TO PARTICIPATE FULLY IN SOCIETY.
THE MUSIC TO MY EARS SCHOLARSHIP PROGRAM PROVIDES EARLY CHILDHOOD MUSIC ENRICHMENT PROGRAMS, INSTRUMENT LESSONS TUITION SCHOLARSHIPS AND SMALL GROUP MUSIC THERAPY IN ADDITION TO SCHOOL-BASED MUSIC PROGRAMS FOR CHILDREN BORN WITH HEARING LOSS UP TO FOUR YEARS OF AGE.
THE EARS PROGRAMS ARE EDUCATION, ADVOCACY AND RESOURCES CREATED TO SUPPORT DEAF AND HARD OF HEARING CHILDREN AND THEIR FAMILIES THROUGH LITERACY PROGRAMS, TRAINING FOR VARIOUS STAGES OF DEVELOPMENT AND EDUCATION COORDINATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Bennett Co-Chair | OfficerTrustee | 6 | $0 |
Robert Radasevich Co-Chair | OfficerTrustee | 6 | $0 |
Dan Lockwood Treasurer | OfficerTrustee | 4 | $0 |
Steven Salzman Director | OfficerTrustee | 3 | $0 |
Robert Handler Director | OfficerTrustee | 1 | $0 |
James G Borovsky Director | 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 | $215,321 |
| Noncash contributions included in lines 1a–1f | $1,026 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,321 |
| Total Program Service Revenue | $0 |
| Investment income | $53,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,543 |
| Net Income from Fundraising Events | $7,604 |
| Net Income from Gaming Activities | $2,104 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $299,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,034 |
| Grants and other assistance to domestic individuals. | $24,585 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $73,213 |
| Compensation of current officers, directors, key employees. | $14,643 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,107 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,475 |
| Advertising and promotion | $4,079 |
| Office expenses | $9,677 |
| Information technology | $3,271 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $829 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,596 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,393 |
| Insurance | $2,068 |
| All other expenses | $75 |
| Total functional expenses | $289,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,909 |
| Savings and temporary cash investments | $162,910 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90 |
| 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 | $2,423 |
| Net Land, buildings, and equipment | $2,215 |
| Investments—publicly traded securities | $2,080,158 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $13,301 |
| Other assets | $0 |
| Total assets | $2,358,006 |
| Accounts payable and accrued expenses | $6,202 |
| 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 | $0 |
| Total liabilities | $6,202 |
| Net assets without donor restrictions | $1,921,520 |
| Net assets with donor restrictions | $430,284 |
| 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 | $2,358,006 |
Grants Awarded
Over the last fiscal year, Foundation For Hearing & Speech Rehabilitation has awarded $50,034 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ILLINOIS CHICAGO PURPOSE: LOANER HEARING AIDS | $7,500 |
MERIT SCHOOL OF MUSIC PURPOSE: PROVIDE MUSIC LESSONS TO HEARING IMPAIRED STUDENTS AT VARIOUS SCHOOLS | $25,034 |
ANN & ROBERT H LURIE CHILDREN'S HOSPITAL OF CHICAGO PURPOSE: SALARY SUPPORT - THE COCHLEAR IMPLANT EDUCATION COORDINATOR AND LOANER HEARING AID PROGRAM. | $10,000 |
ADVOCATE CHILDREN'S HOSPITAL PURPOSE: LOANER HEARING AIDS | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Speech And Language Disorders Lombard, IL | $395,014 | $1,656,824 |
Scottish Rite Clinic For Childhood Language Disorders Of St Louis Inc St Louis, MO | $7,065 | $619,547 |
Autism Society Of Southeastern Wisconsin Inc Wauwatosa, WI | $799,981 | $579,555 |
Foundation For Hearing & Speech Rehabilitation Chicago, IL | $2,358,006 | $299,092 |
Louisville Scottish Rite Foundation Inc Louisville, KY | $2,359,947 | $132,614 |
Streator Unlimited Foundation Streator, IL | $0 | $0 |