Hough Ear Institute
- Assets
- $3.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 15
- Location
- Oklahoma City, OK
- Founding
- 08/1997
- Data as of
- 12/2021
- EIN
- 73-1507929
Organization Overview
Hough Ear Institute is located in Oklahoma City, OK. The organization was established in 1997. 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, Hough Ear Institute employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hough Ear 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 12/2021, Hough Ear Institute generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MEDICAL RESEARCH TO AID HEARING
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL RESEARCH TO AID HEARING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Richard Kopke Ceo/presiden | OfficerTrustee | 40 | $289,748 |
Justin Demoss Chief Philan | $175,497 | ||
Matthew West Chief Operat | $128,429 | ||
Bob Funk Jr Board Chairm | OfficerTrustee | 1 | $0 |
Dr Kent Dyer Board Member | Trustee | 1 | $0 |
David Hough Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcafee & Taft Legal Fees | 12/30/19 | $142,618 |
Donald Ewert Research Dir | 12/30/19 | $100,455 |
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 | $926,465 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $926,465 |
| Total Program Service Revenue | $1,169,217 |
| Investment income | $2,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$64,108 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,034,425 |
| 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. | $327,448 |
| Compensation of current officers, directors, key employees. | $73,030 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,061,360 |
| Pension plan accruals and contributions | $42,241 |
| Other employee benefits | $149,513 |
| Payroll taxes | $92,812 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $219,724 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,030 |
| Advertising and promotion | $4,129 |
| Office expenses | $13,047 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,257 |
| Travel | $777 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,459 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,953 |
| Insurance | $0 |
| All other expenses | -$356 |
| Total functional expenses | $2,334,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $584,074 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $454,889 |
| 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 | $35,037 |
| Net Land, buildings, and equipment | $2,339,976 |
| Investments—publicly traded securities | $20,183 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,838 |
| Total assets | $3,435,997 |
| Accounts payable and accrued expenses | $214,830 |
| 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 | $237,900 |
| Other liabilities | $0 |
| Total liabilities | $452,730 |
| Net assets without donor restrictions | $2,914,258 |
| Net assets with donor restrictions | $69,009 |
| 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 | $3,435,997 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Hough Ear Institute has recieved totaling $934,141.
| Awarding Organization | Amount |
|---|---|
Servant Foundation Overland Park, KS PURPOSE: COMMUNITY DEVELOPMENT | $908,891 |
Rnr Cross Family Foundation Durant, OK PURPOSE: CHARITABLE / GENERAL SUPPORT | $20,000 |
Glenn W Peel Foundation Newkirk, OK PURPOSE: MEDICAL RESEARCH | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Biomedical Research Foundation Of Northwest Louisiana Shreveport, LA | $106,267,796 | $22,378,350 |
Louisiana Cancer Research Center Of Lsu Health Sciences Center In No New Orleans, LA | $132,139,228 | $19,291,637 |
Research Corporation Tucson, AZ | $242,008,144 | $26,138,153 |
Southwest Autism Research And Resource Center Phoenix, AZ | $18,925,029 | $16,667,407 |
Retina Foundation Of The Southwest Dallas, TX | $12,529,577 | $5,235,992 |
Translational Genomics Research Institute Foundation Phoenix, AZ | $24,235,369 | $3,772,453 |
Steadman Philippon Research Institute Vail, CO | $14,955,351 | $15,214,073 |
Centralwest Healthcare Inc Saint Louis, MO | $11,731,408 | $18,084,103 |
The Mind Research Network Albuquerque, NM | $3,071,604 | $13,923,047 |
Lungevity Foundation Chicago, IL | $12,082,053 | $14,543,433 |
Memphis Bioworks Foundation Memphis, TN | $6,047,652 | $238,794 |
The Young Living Foundation Lehi, UT | $9,856,727 | $9,672,215 |