Hearing Health Foundation meets the 20 Standards for Charity Accountability.
Hearing Health Foundation (HHF) supports two pillar research programs: emerging research grants (ERG) and the hearing restoration project (HRP). The ERG program cultivates early-career researchers new to the field of hearing and balance science as well as understudied areas of hearing and balance science. ERG finances research projects that show high scientific merit and clear importance to the advancement of basic, clinical, and translational research. The HRP is a consortium of scientists organized and funded by HHF to cure hearing loss and tinnitus. Hearing Health magazine is a quarterly consumer educational resource on hearing loss and related conditions with a goal of educating individuals about the importance of prevention, the effects of hearing loss on health and quality of life, and to increase awareness of real-world solutions based on the latest research and technology. HHF also seeks to educate the public through conferences, exhibitions, and its e-newsletter, website, blog, webinars, and social media channels.
For the year ended September 30, 2021, Hearing Health Foundation's program expenses were:
Hearing restoration project |
$965,276 |
Research grants |
$495,751 |
Communication and education |
$487,300 |
Magazine management |
$480,574 |
Total Program Expenses: |
$2,428,901 |
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Chief Executive
Timothy Higdon, President and Chief Executive Officer
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Compensation*
$249,524
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Chair of the Board
Col. Dillard U.S. Army (Ret.)
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Chair's Profession / Business Affiliation
Academic Lecturer and Retired U.S. Army Colonel
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Board Size
16
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Paid Staff Size
5
*2020 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Planned giving arrangements
Fundraising costs were 4% of related contributions. (Related contributions, which totaled $4,961,472, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Hearing Health Foundation's audited financial statements for the year ended September 30, 2021.
Source of Funds |
Contributions |
$4,844,645 |
Realized and unrealized gains on investments |
$924,064 |
Interest and dividends, net |
$181,135 |
Paycheck Protection Program loan forgiveness |
$116,827 |
Publishing |
$110,400 |
Total Income |
$6,177,071 |
- Programs: 89%
- Fundraising: 8%
- Administrative: 3%
Total Income |
$6,177,071 |
Program expenses |
$2,428,901 |
Fundraising expenses |
$211,052 |
Administrative expenses |
$106,076 |
Other expenses |
$0 |
Total expenses: |
$2,746,029 |
Income in Excess of Expenses |
$3,431,042 |
Beginning Net Assets |
$8,799,470 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$12,230,512 |
Total Liabilities |
$113,728 |
Total Assets |
$12,344,240 |