Civic Intelligence

Austin Speech Labs Inc.

990 • Fiscal year 2019 • EIN 26-2137242

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

7800 Shoal Creek Blvd Suite 136 SAustin, TX 78757

(512) 992-0575

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.05x

Higher debt load relative to assets than 43% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

41st percentile

0.06x

Higher debt load relative to revenue than 41% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

84th percentile

31%

Higher net margin than 84% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

70th percentile

$102,526

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$1,585,066

No earlier filing loaded for comparison.

Net Assets

$1,507,952

No earlier filing loaded for comparison.

Liabilities

$77,114

No earlier filing loaded for comparison.

Revenue

$1,389,213

No earlier filing loaded for comparison.

Expenses

$959,133

No earlier filing loaded for comparison.

Net Income

$430,080

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2019: $1,585,066Liabilities 2019: $77,114Net Assets 2019: $1,507,9522019Assets 2020: $1,929,727Liabilities 2020: $71,173Net Assets 2020: $1,858,5542020Assets 2021: $2,203,156Liabilities 2021: $123,782Net Assets 2021: $2,079,3742021Assets 2022: $2,920,550Liabilities 2022: $329,441Net Assets 2022: $2,591,1092022Assets 2023: $3,103,101Liabilities 2023: $244,099Net Assets 2023: $2,859,0022023Assets 2024: $3,547,698Liabilities 2024: $135,739Net Assets 2024: $3,411,9592024

Highlighted filing

2019

Assets$1,585,066
Liabilities$77,114
Net Assets$1,507,952

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0Revenue 2019: $1,389,213Expenses 2019: $959,133Net Income 2019: $430,0802019Revenue 2020: $1,344,115Expenses 2020: $993,513Net Income 2020: $350,6022020Revenue 2021: $1,341,136Expenses 2021: $1,120,317Net Income 2021: $220,8192021Revenue 2022: $1,460,832Expenses 2022: $1,102,918Net Income 2022: $357,9142022Revenue 2023: $1,435,155Expenses 2023: $1,167,506Net Income 2023: $267,6492023Revenue 2024: $1,877,810Expenses 2024: $1,324,853Net Income 2024: $552,9572024

Highlighted filing

2019

Revenue$1,389,213
Expenses$959,133
Net Income$430,080
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.0
Gross Receipts
$1,464,059
Mission and Program Overview

Mission

Austin Speech Lab's mission is to support stoke survivors and their loved ones in rebuilding their lives by providing intensive, affordable, and innovative speech and cognitive therapy. We envision a world where stroke survivors have access to the therapy they need to thrive at home, at work, and in the community.

We provide affordable intensive speech, language and cognitive therapy for stroke survivors through innovative research, training and collaboration.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$790,118$806,408▲ $16,290
Cash and Non-Interest-Bearing Accounts$342,674$705,796▲ $363,122
Pledges and Grants Receivable$350$37,850▲ $37,500
Accounts Receivable$0$17,183▲ $17,183
Land, Buildings, and Equipment, Net$7,625$5,393▼ $2,232
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,153,203$1,585,066▲ $431,863
Other Assets Total$12,436$12,436→ $0
Liabilities
Deferred Revenue$42,498$44,171▲ $1,673
Accounts Payable and Accrued Expenses$32,833$32,943▲ $110
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$75,331$77,114▲ $1,783
Net Assets / Fund Balance
Net Assets With Donor Restrictions$784,917$783,195▼ $1,722
Net Assets Without Donor Restrictions$292,955$724,757▲ $431,802
Total Net Assets Fund Balance$1,077,872$1,507,952▲ $430,080
Total Liabilities and Net Assets / Fund Balance$1,153,203$1,585,066▲ $431,863

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,393$6,606$11,999
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleBaseTotal
Shilpa ShamapantPresident, Founder, Therapist$102,526$102,526

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$960,380
Program Service Revenue
$438,170
Investment Income
$28,834
Other Revenue
$-38,171
All Other Contributions
$298,637
Change in Net Assets
$430,080

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,305,729
Revenue Not Reported on Financial Statements
$83,484
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$83,484
Total Revenue per Audited Statements
$1,305,729
Total Revenue per Form 990
$1,389,213
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$641,280
Other Expenses$234,369
Grants and Similar Amounts Paid$83,484
Total Fundraising Expense$72,817
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$369,983$52,170$50,594$472,747
Occupancy$140,655$10,243$0$150,898
Current Officers, Directors, Trustees, and Key Employees$90,580$10,656$5,328$106,564
Grants to Domestic Individuals$83,484--$83,484
Information Technology$26,609$815$6,800$34,224
Payroll Taxes$27,989$2,688$913$31,590
Office Expenses$15,832$2,128$1,016$18,976
Other Employee Benefits$11,357$3,109$1,331$15,797
Pension Plan Contributions$12,382$2,083$117$14,582
Fees for Services Accounting$100$7,500$0$7,600
Insurance$4,266$1,873-$6,139
Advertising$1,212$127$3,784$5,123
Conferences and Meetings$2,949$717$0$3,666
Other Expenses$2,377$173$0$2,550
Depreciation Depletion$2,232$0$0$2,232
Total Functional Expenses$792,034$94,282$72,817$959,133

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$959,133
Expenses per Audited Statements$875,649
Total Expenses per Audited Statements$875,649
Expenses Not Reported on Financial Statements$83,484
Other Expense Adjustments$83,484
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$74,846
Fundraising Gross Income$36,675
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Year End Giving$65,858$0$349$-349
OWAAT Fundraiser$523,385$36,675$22,845$13,830
Total Events$629,322$36,675$74,846$-38,171
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

NA

Form 990, Part VI, Section B, Line 12C

The organization follows the conflict of interest policy on an as needed basis. During the board meetings, and with discussion of the board chair, the conflict of interest policy is reviewed and enforced.

Form 990, Part VI, Section B, Line 15

Officers and directors are not compensated. The key employee's compensation is decided by the board members that do not have any conflict of interest with employees. Only the compensation for the key employee is listed.

Form 990, Part VI, Section C, Line 19

Austin Speech Labs has 11 board members, all of which have voting rights. None of the board members are compensated for their volunteer hours. The board meets once per quarter. Board chair volunteers 2-5 hours per week while the treasurer spends 5-6 hours per quarter reviewing the financials. Austin Speech Labs had a financial audit for 2019 and the audit report was presented to the board. The board reviews the taxes at the end of the year but not before the Form990 is filed. Financials are reviewed by the board each quarter. Conflict of interest is not made public, however all annual reports and policies are available upon request.

Filing and Contact Details

Filer

Filer Name
Austin Speech Labs Inc
EIN
26-2137242
Phone
5129920575
Address
7800 Shoal Creek Blvd Suite 136 S, Austin, TX 78757

Signing Officer

Name
Shilpa Shamapant
Title
President, Founder
Phone
5129950575
Signed
2020-11-13

Organization Details

Principal Officer
Shilpa Shamapant
Formed
2008
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
9
Volunteers
182
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 22

The organizations total liabilities and net assets show a $1500.00 difference from the auditor's final report due to a pledge that was not honored. The auditor advised that this was an immaterial amount and did not need to be adjusted.

Financial Statement Notes

Schedule D, Part XI, Line 4B

Assistance to clients is given through reduction of fees. For audited financial statements this assistance is recorded as net revenue. On the form 990 assistance is recorded and reflected as an expense.

Schedule D, Part XII, Line 4B

Assistance to clients is given through reduction of fees. For audited financial statements this assistance is recorded as net revenue. On the Form 990 this assistance is recorded and reflected as an expense.

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IRS990/Desc0Provide intensive speech, language and cognitive therapy for stroke survivors to improve quality of life for stroke survivors and caregivers. We also conduct research and develop innovative treatments to reduce length of recovery time post stroke. The organizations intensive speech therapy also includes neurologic music therapy to use music to improve fluency. In addition we provide caregiver programs to facilitate communication and offer resources. Therapy is provided in-house and via teletherapy.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President, Founder, Therapist
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
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IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt083484
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt083484
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt00
IRS990/GrossReceiptsAmt01464059
IRS990/GrossRentsGrp/PersonalAmt00
IRS990/GrossRentsGrp/RealAmt00
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt06800
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0815
IRS990/InformationTechnologyGrp/ProgramServicesAmt026609
IRS990/InformationTechnologyGrp/TotalAmt034224
IRS990/InsuranceGrp/ManagementAndGeneralAmt01873
IRS990/InsuranceGrp/ProgramServicesAmt04266
IRS990/InsuranceGrp/TotalAmt06139
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt028834
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt028834
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06606
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07625
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05393
IRS990/LandBldgEquipCostOrOtherBssAmt011999
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0We provide affordable intensive speech, language and cognitive therapy for stroke survivors through innovative research, training and collaboration.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
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IRS990/NetAssetsOrFundBalancesBOYAmt01077872
IRS990/NetAssetsOrFundBalancesEOYAmt01507952
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
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IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-38171
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt0-38171
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0292955
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0724757
IRS990/NoncashContributionsAmt0385
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt010243
IRS990/OccupancyGrp/ProgramServicesAmt0140655
IRS990/OccupancyGrp/TotalAmt0150898
IRS990/OfficeExpensesGrp/FundraisingAmt01016
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02128
IRS990/OfficeExpensesGrp/ProgramServicesAmt015832
IRS990/OfficeExpensesGrp/TotalAmt018976
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt012436
IRS990/OtherAssetsTotalGrp/EOYAmt012436
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01331
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03109
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt011357
IRS990/OtherEmployeeBenefitsGrp/TotalAmt015797
IRS990/OtherExpensesGrp/Desc0Software
IRS990/OtherExpensesGrp/Desc1Payroll Processing
IRS990/OtherExpensesGrp/FundraisingAmt02934
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1173
IRS990/OtherExpensesGrp/ProgramServicesAmt027
IRS990/OtherExpensesGrp/ProgramServicesAmt12377
IRS990/OtherExpensesGrp/TotalAmt02961
IRS990/OtherExpensesGrp/TotalAmt12550
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt050594
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt052170
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0369983
IRS990/OtherSalariesAndWagesGrp/TotalAmt0472747
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0913
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02688
IRS990/PayrollTaxesGrp/ProgramServicesAmt027989
IRS990/PayrollTaxesGrp/TotalAmt031590
IRS990/PensionPlanContributionsGrp/FundraisingAmt0117
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02083
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt012382
IRS990/PensionPlanContributionsGrp/TotalAmt014582
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0350
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt037850
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Shilpa Shamapant
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00

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