Civic Intelligence

Hearaid Foundation Inc.

990EZ • Fiscal year 2023 • EIN 27-0220698

Jan 01, 2023 to Dec 31, 2023 • Filed on May 15, 2024

Organization ProfileN/A
446 Old Newport BlvdNewport Beach, CA 92663

(562) 833-2497

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.00x

Higher debt load relative to assets than 62% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

89th percentile

46%

Higher net margin than 89% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$229,025

Up $137,747 (+151%) from 2017

Net Assets

Up

$228,331

Up $137,053 (+150%) from 2017

Liabilities

$694

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin89th percentile

Revenue

Up

$67,381

Up $37,507 (+126%) from 2017

Expenses

Up

$36,571

Up $11,188 (+44%) from 2017

Net Income

Up

$30,810

Up $26,319 (+586%) from 2017

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2023

Assets$229,025
Liabilities$694
Net Assets$228,331
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$67,381
Expenses$36,571
Net Income$30,810
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.0
Gross Receipts
$72,605
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 2023, Hearaid Foundation fit 24 recipients in 2023 equaling approximately 48 hearing aids that were given away. The Hearaid Foundation held its 2nd annual Heroes for Hearing 5k Run and Virtual Run on June 17th, 2023 at Shoreline Aquatic Park in Downtown Long Beach, CA. The Hearaid Foundation was awarded 40 hearing aids donated by Phonak hearing aid manufacturer in 2023 to use for various types of hearing loss.--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tanya PennPresident-$0--
Jack ShohetTreasurer-$0--
Jack ShohetSecretary-$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
2024-05-15
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 $12500”

Other Expenses.1003

“Information Technology $1153”

Other Expenses.1012

“Insurance $1668”

Other Expenses.1

“Hearing Aids $17736”

Other Expenses.2

“Website $3140”

Other Expenses.3

“Bank Charges $327”

Other Expenses.4

“Misc Program Expense $25”

Other Expenses.6

“Interest Expense $6”

Other Assets.1010

“Inventories - Beginning $64901 Inventories - Ending $112901”

Total Liabilities.1

“- Beginning $0 - Ending $694”

Raw XML Appendix153 raw XML fields

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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IRS990EZ/PrintingPublicationsPostageAmt016
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt036571
IRS990EZ/TotalRevenueAmt067381
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleA/First5Years509Ind0X
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt072605
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $12500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Information Technology $1153
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance $1668
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Bank Charges $327
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Misc Program Expense $25
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Interest Expense $6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9- Beginning $0 - Ending $694
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ReturnHeader/BusinessOfficerGrp/PersonNm0Tanya Penn
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ReturnHeader/Filer/EIN0270220698
ReturnHeader/Filer/PhoneNum05628332497
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ReturnHeader/PreparerPersonGrp/PhoneNum05627994975
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-05-15T13:17:35-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Tanya
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$229,025
Liabilities
$694
Net assets
$228,331
Revenue
$67,381
Expenses
$36,571
Net income
$30,810
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