Heuser Hearing & Language Academy Inc
- Assets
- $17.2m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 59
- Location
- Louisville, KY
- Founding
- 09/1955
- Data as of
- 05/2023
- EIN
- 61-0492369
Organization Overview
Heuser Hearing & Language Academy Inc is located in Louisville, KY. The organization was established in 1955. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 05/2023, Heuser Hearing & Language Academy Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heuser Hearing & Language Academy 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 05/2023, Heuser Hearing & Language Academy Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $2.9m during the year ending 05/2023. While expenses have increased by 8.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A COMPREHENSIVE DAILY PROGRAM FOR CHILDREN WITH HEARING LOSS AND THOSE WITH SEVERE SPEECH DELAYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES A COMPREHENSIVE DAILY PROGRAM IN SPEECH/LANGUAGE DEVELOPMENT AND AUDITORY SKILL DEVELOPMENT FOR HEARING IMPAIRED PRESCHOOL CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Bachmann CEO | OfficerTrustee | 8 | $41,360 |
Jenny Headlee President | OfficerTrustee | 0.5 | $0 |
Ralph Barringer Vice President | OfficerTrustee | 0.5 | $0 |
Will Buschmann Treasurer/secretary | OfficerTrustee | 0.5 | $0 |
Brian Baker Director | Trustee | 0.5 | $0 |
Brad Broecker Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,254 |
| Related organizations | $0 |
| Government grants | $253,118 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,462,864 |
| Noncash contributions included in lines 1a–1f | $10,118 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,746,236 |
| Total Program Service Revenue | $433,302 |
| Investment income | $128,846 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $69,642 |
| Net Gain/Loss on Asset Sales | -$12,068 |
| Net Income from Fundraising Events | -$3,560 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,415,223 |
| 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. | $56,742 |
| Compensation of current officers, directors, key employees. | $28,371 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,194,818 |
| Pension plan accruals and contributions | $21,724 |
| Other employee benefits | $81,044 |
| Payroll taxes | $82,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $69,611 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $148,844 |
| Advertising and promotion | $270,545 |
| Office expenses | $49,503 |
| Information technology | $41,641 |
| Royalties | $0 |
| Occupancy | $130,267 |
| Travel | $48,329 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $76,332 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $315,769 |
| Insurance | $33,993 |
| All other expenses | $0 |
| Total functional expenses | $2,862,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,499 |
| Savings and temporary cash investments | $325,496 |
| Pledges and grants receivable | $1,555,014 |
| Accounts receivable, net | $138 |
| 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 | $12,077 |
| Net Land, buildings, and equipment | $3,286,871 |
| Investments—publicly traded securities | $5,002,472 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,008,183 |
| Total assets | $17,247,750 |
| Accounts payable and accrued expenses | $169,369 |
| 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 | $842,000 |
| Unsecured mortgages and notes payable | $1,500,000 |
| Other liabilities | $0 |
| Total liabilities | $2,511,369 |
| Net assets without donor restrictions | $7,978,807 |
| Net assets with donor restrictions | $6,757,574 |
| 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 | $17,247,750 |