Ear Research Foundation Inc
- Assets
- $1.1m
- Revenue
- $514.4k
- Investments
- $521.6k
- Employees
- 5
- Location
- Sarasota, FL
- Founding
- 02/1979
- Data as of
- 12/2021
- EIN
- 59-1862386
Organization Overview
Ear Research Foundation Inc is located in Sarasota, FL. The organization was established in 1979. According to its NTEE Classification (H42) the organization is classified as: Ear & Throat Diseases Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Ear Research Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ear Research Foundation 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 12/2021, Ear Research Foundation Inc generated $514.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $565.1k during the year ending 12/2021. 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
EDUCATION, RESEARCH & TREATMENT OF HEARING & BALANCE DISORDERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SEMINARS, WORKSHOPS & SYMPOSIUMS ON TREATMENT OF EAR AND RELATED DISEASES.
RESEARCH ON TREATMENT OF EAR AND RELATED DISEASES
CLINIC & OUTREACH - HEARING SCREENING TESTS, TREATMENT OF HEARING RELATED PROBLEMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Geoffrey Frazier Board Chairman | OfficerTrustee | 0.5 | $0 |
Dr Herbert Silverstein President/medical Director | OfficerTrustee | 8 | $0 |
Dr Seth Rosenberg Vice President/director Of | OfficerTrustee | 1 | $0 |
Mr T Raymond Suplee Treasurer | OfficerTrustee | 0.5 | $0 |
Dr Jack Wazen Vice President/director Of | OfficerTrustee | 8 | $0 |
Mr Charles Githler III Secretary | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $265 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,079 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,344 |
| Total Program Service Revenue | $149,009 |
| Investment income | $19,738 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $56,485 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $514,357 |
| 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 | $324,388 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,975 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,403 |
| Office expenses | $8,914 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,840 |
| Travel | $3,506 |
| 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 | $4,602 |
| Insurance | $9,285 |
| All other expenses | $7,710 |
| Total functional expenses | $565,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,701 |
| 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 | $546,883 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $19,863 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $521,623 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,131,070 |
| Accounts payable and accrued expenses | $7,566 |
| 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 | $7,566 |
| Net assets without donor restrictions | $404,598 |
| Net assets with donor restrictions | $718,906 |
| 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 | $1,131,070 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ear Research Foundation Inc has recieved totaling $1,096.
| Awarding Organization | Amount |
|---|---|
New Millennium Foundation Boca Raton, FL PURPOSE: HELP INDIVIDUALS WITH HEARING LOSS AND BALANCE DISORDERS. | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $96 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Parkinsons Foundation Inc Miami, FL | $51,700,116 | $50,273,391 |
The Medical University Of South Carolina Foundation Charleston, SC | $614,746,136 | $28,626,184 |
Delta Health Alliance Inc Stoneville, MS | $28,735,932 | $53,691,246 |
North Carolina Medical Society Foundation Inc Raleigh, NC | $23,889,243 | $25,927,674 |
Max Planck Florida Corporation Jupiter, FL | $113,101,078 | $26,052,125 |
Greenwood Genetic Center Inc Greenwood, SC | $23,474,506 | $25,247,880 |
Bliss Cares Inc Orlando, FL | $24,523,508 | $27,838,732 |
Rheumatology Research Foundation Atlanta, GA | $70,647,398 | $7,906,919 |
Research Triangle Foundation Of North Carolina Research Triangle Park, NC | $210,917,305 | $40,089,804 |
Diabetes Research Institute Foundation Inc Hollywood, FL | $35,361,806 | $13,874,959 |
Memphis Bioworks Foundation Memphis, TN | $6,047,652 | $238,794 |
Foundation For Atlanta Veterans Education And Research Inc Decatur, GA | $10,222,891 | $13,848,947 |