Edith & Henry Heuser Hearing Institute
- Assets
- $1.1m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 05/2001
- Data as of
- 05/2023
- EIN
- 61-1383955
Organization Overview
Edith & Henry Heuser Hearing Institute is located in Louisville, KY. The organization was established in 2001. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edith & Henry Heuser Hearing Institute 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, Edith & Henry Heuser Hearing Institute generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $2.2m during the year ending 05/2023. While expenses have increased by 16.1% 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
EDUCATIONAL, AUDIOLOGICAL, DIAGNOSTIC, COCHLEAR IMPLANT, AND EAR RELATED MEDICAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE IS A COMPREHENSIVE HEARING SERVICES CENTER FOR CHILDREN AND ADULTS AND PROVIDES EDUCATIONAL, AUDIOLOGICAL, DIAGNOSTIC, COCHLEAR IMPLANT, AND EAR RELATED MEDICAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Bachmann CEO | OfficerTrustee | 32 | $165,442 |
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 | $0 |
| Related organizations | $0 |
| Government grants | $1,500,000 |
| 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 | $1,500,000 |
| Total Program Service Revenue | $612,302 |
| 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 | $881,743 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,036,651 |
| 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. | $226,968 |
| Compensation of current officers, directors, key employees. | $113,484 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,058,469 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,599 |
| Payroll taxes | $96,234 |
| 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 | $122,770 |
| Advertising and promotion | $128,099 |
| Office expenses | $19,763 |
| Information technology | $83,196 |
| Royalties | $0 |
| Occupancy | $134,284 |
| Travel | $17,481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,240 |
| Insurance | $11,330 |
| All other expenses | $0 |
| Total functional expenses | $2,179,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,118 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $274,874 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $31,246 |
| Inventories for sale or use | $202,604 |
| Prepaid expenses and deferred charges | $16,198 |
| Net Land, buildings, and equipment | $450,836 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $105,802 |
| Total assets | $1,126,678 |
| Accounts payable and accrued expenses | $364,114 |
| 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 | $13,118 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,865,023 |
| Total liabilities | $2,242,255 |
| Net assets without donor restrictions | -$1,687,074 |
| Net assets with donor restrictions | $571,497 |
| 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 | $1,126,678 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edith & Henry Heuser Hearing Institute Louisville, KY | $1,126,678 | $3,036,651 |
American Cochlear Implant Alliance Foundation Mclean, VA | $2,621,143 | $1,300,553 |
American Hearing Research Foundation Elmhurst, IL | $13,953,489 | $715,200 |
Association For Reserach In Otolaryngoloy Inc Brentwood, TN | $2,276,790 | $783,667 |
Society For Ear Nose And Throat Advances In Children Inc Warrenville, IL | $359,704 | $237,304 |
Lions Of Virginia Hearing Foundation Health Sciences Center Gainesville, VA | $0 | $0 |
Chicago Laryngological And Otological Society Chicago, IL | $97,855 | $0 |