Civic Intelligence

Hearaid Foundation Inc

EIN 27-0220698 • 501(c)3 • Newport Beach, CA

Profile

Provide hearing aids to people who cannot afford to purchase a hearing aid and have it properly placed.

446 Old Newport BlvdNewport Beach, CA 92663

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

69th percentile

0.02x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.08x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

85th percentile

39%

Higher net margin than 85% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

67th percentile

9.4%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

28th percentile

-29%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$250,570

Up $21,545 (+9.4%) from 2023

Liabilities

Up

$3,789

Up $3,095 (+446%) from 2023

Net Assets

Up

$246,781

Up $18,450 (+8.1%) from 2023

Operations
Liabilities / Revenue81st percentileNet Margin85th percentile

Revenue

Down

$47,817

Down $19,564 (-29%) from 2023

Expenses

Down

$29,367

Down $7,204 (-20%) from 2023

Net Income

Down

$18,450

Down $12,360 (-40%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth67th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2014: $95,188Net Assets 2014: $95,1882014Assets 2015: $82,722Net Assets 2015: $82,7222015Assets 2016: $86,760Net Assets 2016: $86,7602016Assets 2017: $91,278Net Assets 2017: $91,2782017Assets 2023: $229,025Liabilities 2023: $694Net Assets 2023: $228,3312023Assets 2024: $250,570Liabilities 2024: $3,789Net Assets 2024: $246,7812024

Highlighted filing

2024

Assets$250,570
Liabilities$3,789
Net Assets$246,781
Open 2024 Filing

Operations Trend

Revenue Growth28th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2014: $86,537Expenses 2014: $52,247Net Income 2014: $34,2902014Revenue 2015: $28,100Expenses 2015: $41,252Net Income 2015: -$13,1522015Revenue 2016: $34,044Expenses 2016: $29,752Net Income 2016: $4,2922016Revenue 2017: $29,874Expenses 2017: $25,383Net Income 2017: $4,4912017Revenue 2023: $67,381Expenses 2023: $36,571Net Income 2023: $30,8102023Revenue 2024: $47,817Expenses 2024: $29,367Net Income 2024: $18,4502024

Highlighted filing

2024

Revenue$47,817
Expenses$29,367
Net Income$18,450
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$250,570
Liabilities
$3,789
Net assets
$246,781
Revenue
$47,817
Expenses
$29,367
Net income
$18,450
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.51$0.04$2.47$0.48$0.29$0.18
2023Detailed filing. Detailed filing data is available for this year.$2.29$0.01$2.28$0.67$0.37$0.31
2017Detailed filing. Detailed filing data is available for this year.$0.91$0.91$0.30$0.25$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.87$0.87$0.34$0.30$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.83$0.83$0.28$0.41$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.95$0.95$0.87$0.52$0.34
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 20, 2025
Return Version
2024v5.0
Gross Receipts
$57,642
Mission and Program Overview

Mission

To provide medical services for the hearing impaired.

Provide hearing aids to people who cannot afford to purchase a hearing aid and have it properly placed.

Program Services

DescriptionGrantsExpenses
In 2024, we hosted a heroes for hearing 5k run and walk as well as had recognition at the 2024 Special Olympics.-$26,477
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tanya PennPresidentPT$0--
Jack ShohetTreasurerPT$0--
Jack ShohetSecretaryPT$0--
Adriana LynchCEOPT$0--
Cheryl TanitaMemberPT$0--
Sonny HongMemberPT$0--
Ayca MillerMemberPT$0--
Joni DohertyMemberPT$0--
Daniel ZeitlerMemberPT$0--
Filing and Contact Details

Filer

Filer Name
Hearaid Foundation Inc
EIN
27-0220698
Phone
5628332497
Address
446 Old Newport Blvd, Newport Beach, CA 92663

Signing Officer

Name
Tanya Penn
Title
President
Signed
2025-03-20
Discuss with paid preparer
Yes

Preparer

Firm
Holmquist Liewald Llp
Address
3415 CERRITOS AVE, LOS ALAMITOS, CA 90720
Preparer
Louise Liewald CPA
Phone
5627994975
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $14500”

Other Expenses.1003

“Information Technology $1213”

Other Expenses.1012

“Insurance $1893”

Other Expenses.1

“Hearing Aids $6887”

Other Expenses.2

“Website $3827”

Other Expenses.3

“Merchant Processing $299”

Other Expenses.4

“Bank Charges $182”

Other Expenses.5

“Misc Program Expense $50”

Other Expenses.6

“Interest Expense $4”

Other Expenses.7

“Rounding $-1”

Other Assets.1010

“Inventories - Beginning $112901 Inventories - Ending $112901”

Total Liabilities.1

“- Beginning $694 - Ending $3789”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Tanya Penn
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Hearaid Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0HEAR
ReturnHeader/Filer/EIN0270220698
ReturnHeader/Filer/PhoneNum05628332497
ReturnHeader/Filer/USAddress/AddressLine1Txt0446 Old Newport Blvd
ReturnHeader/Filer/USAddress/CityNm0Newport Beach
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ReturnHeader/Filer/USAddress/ZIPCd092663
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ReturnHeader/PreparerPersonGrp/PhoneNum05627994975
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ReturnHeader/TaxYr02024

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