Civic Intelligence

Olive Osmond Hearing Fund Inc

990 • Fiscal year 2015 • EIN 27-3190112

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

Organization Profilewww.hearingfund.org
PO Box 910065St George, UT 84791-0065

(801) 609-4327

Siviq Scores

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

Liabilities / Assets

44th percentile

0.07x

Higher debt load relative to assets than 44% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

59th percentile

0.17x

Higher debt load relative to revenue than 59% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

20th percentile

-11%

Higher net margin than 20% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

47th percentile

$57,000

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

22nd percentile

-5.0%

Faster asset growth than 22% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

93rd percentile

90%

Faster revenue growth than 93% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets44th percentile

Assets

Down

$1,053,081

Down $55,721 (-5.0%) from 2014

Net Assets

Down

$981,385

Down $45,587 (-4.4%) from 2014

Liabilities

Down

$71,696

Down $10,134 (-12%) from 2014

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin20th percentile

Revenue

Up

$414,894

Up $196,631 (+90%) from 2014

Expenses

Up

$460,481

Up $283,128 (+160%) from 2014

Net Income

Down

-$45,587

Down $86,497 (-211%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2012: $18,985Liabilities 2012: $114,409Net Assets 2012: -$95,4242012Assets 2013: $1,120,249Liabilities 2013: $134,187Net Assets 2013: $986,0622013Assets 2014: $1,108,802Liabilities 2014: $81,830Net Assets 2014: $1,026,9722014Assets 2015: $1,053,081Liabilities 2015: $71,696Net Assets 2015: $981,3852015Assets 2016: $1,176,320Liabilities 2016: $65,916Net Assets 2016: $1,110,4042016Assets 2017: $1,390,757Liabilities 2017: $61,313Net Assets 2017: $1,329,4442017Assets 2018: $1,355,833Liabilities 2018: $1,378Net Assets 2018: $1,354,4552018Assets 2019: $1,516,064Liabilities 2019: $701Net Assets 2019: $1,515,3632019Assets 2020: $1,481,651Liabilities 2020: $701Net Assets 2020: $1,480,9502020Assets 2021: $1,226,489Liabilities 2021: $321Net Assets 2021: $1,226,1682021Assets 2022: $1,270,287Liabilities 2022: $0Net Assets 2022: $1,270,2872022Assets 2023: $701,679Liabilities 2023: $0Net Assets 2023: $701,6792023Assets 2024: $710,794Liabilities 2024: $3,127Net Assets 2024: $707,6672024

Highlighted filing

2015

Assets$1,053,081
Liabilities$71,696
Net Assets$981,385
Open 2015 Filing

Operations Trend

Revenue Growth93rd percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MExpenses 2012: $421,1252012Revenue 2013: $1,226,463Expenses 2013: $125,958Net Income 2013: $1,100,5052013Revenue 2014: $218,263Expenses 2014: $177,353Net Income 2014: $40,9102014Revenue 2015: $414,894Expenses 2015: $460,481Net Income 2015: -$45,5872015Revenue 2016: $195,297Expenses 2016: $66,278Net Income 2016: $129,0192016Revenue 2017: $316,205Expenses 2017: $97,165Net Income 2017: $219,0402017Revenue 2018: $328,690Expenses 2018: $303,679Net Income 2018: $25,0112018Revenue 2019: $319,344Expenses 2019: $158,436Net Income 2019: $160,9082019Revenue 2020: $135,217Expenses 2020: $169,630Net Income 2020: -$34,4132020Revenue 2021: $20,139Expenses 2021: $274,921Net Income 2021: -$254,7822021Revenue 2022: $110,292Expenses 2022: $66,173Net Income 2022: $44,1192022Revenue 2023: $112,537Expenses 2023: $681,145Net Income 2023: -$568,6082023Revenue 2024: $251,897Expenses 2024: $245,909Net Income 2024: $5,9882024

Highlighted filing

2015

Revenue$414,894
Expenses$460,481
Net Income-$45,587
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$523,233
Mission and Program Overview

Mission

The organizations mission is to donate its resources in assisting the deaf and hard of hearing and to provide a way that will assist thousands of men, women, and children worldwide in having an equal change to reach their greatest dreams and aspirations in life. Having the osmond family as the backbone and aligning forces with many other hearing organizations provides the organization the ability to offer all the best products, resources, hearing aids, ear-molds, education, staff hearing professionals, and communication support. Additionally, the organization raises money through private donations and entertainment and athletic events to provide hearing-related education, hearing evaluations, hearing aids, and other related health services within the united states and, eventually, to some disadvantaged countries.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$964,285$966,784▲ $2,499
Loans From Officers Directors$79,475$68,375▼ $11,100
Inventories for Sale or Use$133,300$50,100▼ $83,200
Cash and Non-Interest-Bearing Accounts$3,108$34,697▲ $31,589
Pledges and Grants Receivable$8,108$1,500▼ $6,608
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
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
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,108,802$1,053,081▼ $55,721
Other Assets Total$1$0▼ $1
Liabilities
Accounts Payable and Accrued Expenses$2,355$2,755▲ $400
Other Liabilities$0$566▲ $566
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$81,830$71,696▼ $10,134
Net Assets / Fund Balance
Unrestricted Net Assets$1,026,972$981,385▼ $45,587
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,026,972$981,385▼ $45,587
Total Liabilities and Net Assets / Fund Balance$1,108,802$1,053,081▼ $55,721

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,784$10,587$18,371
Land$959,000--
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Justin OsmondPresident/CEOFT$57,000$57,000

Board Members and Trustees

NameTitle
Thomas TedeschiChairman
Merrill OsmondBoard Member
Kristi OsmondCOO
Mary OsmondSecretary & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$353,569
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$61,325
All Other Contributions
$134,642
Change in Net Assets
$-45,587

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Drugs and Medical Supplies81$267,800Fair Market Value
Other Non Cash Contri Table4$6,380Comparable Cost
Other Non Cash Contri Table1$5,000Fair Market Value
Food Inventory4$2,600Comparable Cost
Other Non Cash Contri Table6$800Comparable Cost
Other Non Cash Contri Table1$30Comparable Cost
Total Noncash Contributions97$282,610-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$360,193
Salaries, Compensation, and Employee Benefits$62,583
Other Expenses$37,705
Total Fundraising Expense$2,789
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$194,000--$194,000
Grants to Domestic Individuals$166,193--$166,193
Current Officers, Directors, Trustees, and Key Employees-$57,000-$57,000
All Other Expenses-$17,396$1,208$18,604
Fees for Services Accounting-$10,520-$10,520
Payroll Taxes-$5,583-$5,583
Travel-$2,247$443$2,690
Depreciation Depletion-$2,501-$2,501
Occupancy--$725$725
Other Expenses$50$608$127$608
Fees for Services Legal-$294-$294
Advertising--$226$226
Fees for Services Other-$35-$35
Total Functional Expenses$360,600$97,092$2,789$460,481
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Starkey Hearing FoundationEden Prairie, MN501(c)3Hearing Missions$2,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$142,918
Fundraising Direct Expenses$108,339
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pioneer Pageant$157,447$122,019$19,268$102,751
St. George R4H$155,619$6,440$5,980$460
Total Events$361,230$142,918$108,339$34,579
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
My Hearing CenterBrother/SonHearing Aid PurchasesNo$1,605

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$79,475$68,375▼ $11,100
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Liabilities$566
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
Yes
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, Line 2 - Family Relationship of Officers

“Mary Osmond - Director - Spouse & Merrill Osmond - Director - Spouse Justin Osmond - CEO - Son & Mary Osmond - Director - Mother Justin Osmond - CEO - Son & Merrill Osmond - Director - Father Justin Osmond - CEO - Husband & Kristi Osmond - COO - Wife”

Form 990, Part VI, Line 11B - Review Process

“The Form 990 is reviewed by the Board of Directors and the CEO.”

Form 990, Part VI, Line 12C - Conflict Policy Monitoring

“The Olive Osmond Hearing Funds Board of Directors, Officers and Key employees are required to annually disclose conflicts of interest and are required to promptly disclose upon learning of potential conflicts of interest when they may arise. The Board will review all conflicts of interest. The Board may ask questions of and receive presentation(s) from the insider(s) and any other interested person(s), but shall deliberate and vote on the transaction in their absence. The Board shall ascertain that all material facts regarding the transaction and the insiders conflict of interest have been disclosed to the Board and shall compile appropriate data, such as comparability studies, to determine fair market value for the transaction. After exercising due diligence, which may include investigating alternatives that present no conflict, the Board shall determine whether the transaction is in the Organizations best interest, for its own benefit, and whether it is fair and reasonable to the Organization; the majority of disinterested members of the Board then in office may approve the transaction.”

Form 990, Part VI, Line 15 - Compensation Review & Approval

“During the Board Meeting, the Board of Directors discuss, compare and determine the compensation for any individuals who are considered employees of the Olive Osmond Hearing Fund. The Board looks at a fair compensation based on other similar nonprofits. The Board also ensures that compensation is within the budget of the Fund.”

Form 990, Part VI, Line 19 - Other Organizational Documents

“The Fund's Form 1023 and Form 990 as well as other organizational documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Olive Osmond Hearing Fund
EIN
27-3190112
In Care Of
% KRISTI OSMOND
Phone
8016094327
Address
PO Box 910065, St George, UT 84791-0065

Signing Officer

Name
Justin Osmond
Title
CEO
Phone
8016094327
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Osmond
Formed
2010
Legal Domicile
Ut
Voting Board Members
3
Independent Board Members
1
Employees
1
Volunteers
200

Preparer

Firm
Piercy Bowler Taylor & Kern
Address
7050 S UNION PARK AVE STE 140, SALT LAKE CITY, UT 84047
Preparer
Melissa a Robertson
Phone
8019901120
Supplemental Narrative

Additional Explanations

Form 990, Part I & Part III, Line 1 - Organization Mission

“The olive osmond hearing fund's mission is to donate its resources in assisting the deaf and hard of hearing and to provide a way that will assist thousands of men, women and children worldwide in having an equal chance to reach their greatest dreams and aspirations in life. Having the osmond family as the backbone and aligning forces with many other hearing organizations provides the fund the ability to offer all the best products, resources, hearing aids, ear-molds, education, staff, hearing professionals and communication support. In addition, the fund raises money through private donations and entertainment and athletic events to provide hearing-related education, hearing evaluations and to donate hearing aids and other related health services within the united states and eventually, to some disadvantaged countries.”

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IRS990/NetAssetsOrFundBalancesBOYAmt01026972
IRS990/NetAssetsOrFundBalancesEOYAmt0981385
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt034579
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt02968
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt02968
IRS990/NoncashContributionsAmt0282610
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0725
IRS990/OccupancyGrp/TotalAmt0725
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0POSTAGE & MAILINGS
IRS990/OtherExpensesGrp/Desc1MEALS & ENTERTAINMENTS
IRS990/OtherExpensesGrp/Desc2CONTRACT FEES
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/FundraisingAmt060
IRS990/OtherExpensesGrp/FundraisingAmt1127
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0436
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1472
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2608
IRS990/OtherExpensesGrp/ProgramServicesAmt0357
IRS990/OtherExpensesGrp/ProgramServicesAmt150
IRS990/OtherExpensesGrp/TotalAmt0496
IRS990/OtherExpensesGrp/TotalAmt1956
IRS990/OtherExpensesGrp/TotalAmt250
IRS990/OtherExpensesGrp/TotalAmt3608
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0566
IRS990/OtherRevenueMiscGrp/BusinessCd0999999
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt023778
IRS990/OtherRevenueTotalAmt023778
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05583
IRS990/PayrollTaxesGrp/TotalAmt05583
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt08108
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01500
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JUSTIN OSMOND
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0225747
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0133449
IRS990/PYOtherRevenueAmt0-7484
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt040910
IRS990/PYSalariesCompEmpBnftPaidAmt043904
IRS990/PYTotalExpensesAmt0177353
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0218263
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-45587
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt02968
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0353569
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0225747
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0232910
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0223785
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01036011
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt052800
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt052800
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02968
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02968
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0566799
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt023778
IRS990ScheduleA/OtherIncome170Grp/TotalAmt023778
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0954122
IRS990ScheduleA/SubstantialContributorsTotAmt0134689
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0406369
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0225747
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0232910
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0223785
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01088811
IRS990ScheduleA/TotalSupportAmt01115557
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt07784
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010587
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt018371
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0959000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0959000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0566
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0966784
IRS990ScheduleD/TotalLiabilityAmt0566
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0218312
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt035428
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt0149179
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt033705
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0108339
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt058372
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt0316
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt0600
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt059288
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Pioneer Pageant
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0St. George R4H
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt01598
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt0100
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt01698
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0157447
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0155619
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt048164
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0361230
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0122019
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt06440
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt014459
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0142918
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt034579
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0130
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt050
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesOtherEventsAmt01908
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt02088
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt08943
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt034191
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt019268
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt05980
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt04363
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt06711
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt011074
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt02000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt0187700
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0Hearing Aids
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Hearing Missions
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Starkey Hearing Foundation
IRS990ScheduleI/RecipientTable/RecipientEIN0363297852
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt06700 Washington Avenue South
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Eden Prairie
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055344
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Olive Osmond Hearing Funds Board of Directors has formed a Review Committee that reviews and accepts applications for grants and assistance to individuals with hearing loss to provide hearing aids to those who otherwise cant afford or have no other resources available to get amplification. The applications are reviewed by the Committee to ensure the applicants meet the financial and hearing loss requirements of the application. Incomplete applications are immediately denied or will be sent back with instructions to ensure all information is completed. The Olive Osmond Hearing Fund's Board of Directors will also review and approve applications for grants and assistance to other organization and other public charities that operate with a similar mission.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Schedule I, Part 1, Line 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0My Hearing Center
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Brother/Son
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,053,081
Liabilities
$71,696
Net assets
$981,385
Revenue
$414,894
Expenses
$460,481
Net income
-$45,587
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.00$0.71$0.25$0.25$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$0.11$0.68$0.57
2022Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$0.11$0.07$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$0.02$0.27$0.25
2020Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$0.14$0.17$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.52$0.00$1.52$0.32$0.16$0.16
2018Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.35$0.33$0.30$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.39$0.06$1.33$0.32$0.10$0.22
2016Detailed filing. Detailed filing data is available for this year.$1.18$0.07$1.11$0.20$0.07$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.05$0.07$0.98$0.41$0.46$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.11$0.08$1.03$0.22$0.18$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.12$0.13$0.99$1.23$0.13$1.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.11$0.10$0.42