Civic Intelligence

Oticon Hearing Foundation Inc.

990PF • Fiscal year 2020 • EIN 27-4849403

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

580 Howard AvenueSomerset, NJ 08873

(800) 526-3921

Siviq Scores

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

Liabilities / Assets

75th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE T20 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

74th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE T20 • <$500k nonprofits • Source year 2020

Net Margin

62nd percentile

14%

Higher net margin than 62% of similar nonprofits.

2020 filings • NTEE T20 • <$500k nonprofits • Source year 2020

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

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

2020 filings • NTEE T20 • <$500k nonprofits • Source year 2020

Asset Growth

83rd percentile

25%

Faster asset growth than 83% of similar nonprofits.

2020 filings • NTEE T20 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

28th percentile

-60%

Faster revenue growth than 28% of similar nonprofits.

2020 filings • NTEE T20 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$79,510

Up $15,820 (+25%) from 2019

Net Assets

Up

$79,510

Up $15,820 (+25%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$115,740

Down $173,320 (-60%) from 2019

Expenses

Down

$99,920

Down $394,639 (-80%) from 2019

Net Income

Up

$15,820

Up $221,319 (+108%) from 2019

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2017: $125,073Liabilities 2017: $0Net Assets 2017: $125,0732017Assets 2018: $269,189Liabilities 2018: $0Net Assets 2018: $269,1892018Assets 2019: $63,690Liabilities 2019: $0Net Assets 2019: $63,6902019Assets 2020: $79,510Liabilities 2020: $0Net Assets 2020: $79,5102020Assets 2021: $78,530Liabilities 2021: $0Net Assets 2021: $78,5302021Assets 2022: $7,951Liabilities 2022: $0Net Assets 2022: $7,9512022Assets 2023: $7,771Liabilities 2023: $0Net Assets 2023: $7,7712023Assets 2024: $7,907Liabilities 2024: $0Net Assets 2024: $7,9072024

Highlighted filing

2020

Assets$79,510
Liabilities$0
Net Assets$79,510

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $1,206,641Expenses 2017: $1,441,597Net Income 2017: -$234,9562017Revenue 2018: $1,448,355Expenses 2018: $1,304,239Net Income 2018: $144,1162018Revenue 2019: $289,060Expenses 2019: $494,559Net Income 2019: -$205,4992019Revenue 2020: $115,740Expenses 2020: $99,920Net Income 2020: $15,8202020Revenue 2021: $32,950Expenses 2021: $33,930Net Income 2021: -$9802021Revenue 2022: $32,548Expenses 2022: $103,127Net Income 2022: -$70,5792022Revenue 2023: $13,569Expenses 2023: $13,749Net Income 2023: -$1802023Revenue 2024: $11,493Expenses 2024: $11,357Net Income 2024: $1362024

Highlighted filing

2020

Revenue$115,740
Expenses$99,920
Net Income$15,820
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
GARY ROSENBLUMPresident-$0--
RASMUS BORSTINGTrustee & Vice President-$0--
MATTHEW MOUNDTrustee & Treasurer-$0--
MARIANN CADIEUSecretary-$0--
MELISSA GAGETax Signing Officer-$0--
SOREN NIELSENTrustee-$0--
RENE SCHNEIDERTrustee-$0--
MIKAEL WORNINGTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Oticon Hearing Foundation Inc
EIN
27-4849403
In Care Of
% MATTHEW MOUND
Phone
8005263921
Address
580 HOWARD AVENUE, SOMERSET, NJ 08873

Signing Officer

Name
Matthew Mound
Title
Controller
Phone
7325601220
Signed
2021-11-12
Discuss with paid preparer
Yes

Preparer

Firm
Deloitte Tax Llp
Address
1100 WALNUT STREET SUITE 3300, KANSAS CITY, MO 64106
Preparer
Zachary C Peek Partner
Phone
8164746180
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IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RestrictionsOnAwardsTxt0REQUESTS ARE GRANTED TO ASSIST THOSE IN NEED WITH THE ACQUISITION OF HEARING INSTRUMENTS.
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/SubmissionDeadlinesTxt0N/A
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm0NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt056460
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0PROVIDE HEARING AIDS TO NEEDY INDIVIDUALS
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0SEE ATTACHED
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt0N/A
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0SEE ATTACHED
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0SEE ATTACHED
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0NJ
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd008873
IRS990PF/SupplementaryInformationGrp/ShareholderManagerNm0NONE
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt056460
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt0413
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0413
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt0244417
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt0665408
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt0568877
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt01263693
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt0339773
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt0339773
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt02841902
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt099507
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt0244417
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt0665408
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt0568877
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt01263693
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr02018
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr02017
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr02016
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt099920
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt099507
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt03181675
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt03082168
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorNum12
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0OTICON INC
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm1VARIOUS OTHER INDIVIDUALS
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt0580 HOWARD AVENUE
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt1AVAILABLE UPON REQUEST
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0SOMERSET
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm1SOMERSET
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0NJ
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd1NJ
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd008873
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd108873
IRS990ScheduleB/ContributorInformationGrp/NoncashContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/NoncashContributionInd1X
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd1X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt099196
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt116544
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/NonCashPropertyContributionGrp/ContributorNum01
IRS990ScheduleB/NonCashPropertyContributionGrp/ContributorNum12
IRS990ScheduleB/NonCashPropertyContributionGrp/FairMarketValueAmt056460
IRS990ScheduleB/NonCashPropertyContributionGrp/FairMarketValueAmt116000
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc0584 HEARING AIDS AND RELATED ACCESSORIES
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc140 HEARING AIDS
IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt02020-12-31
IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt12020-12-31
IRS990ScheduleB/Organization501c3ExemptPFInd0X
OtherAssetsSchedule/OtherAssetsScheduleGrp/BOYBookValueAmt055200
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc0DONATED HEARING AIDS
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt071200
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt071200
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0BANK FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt0180
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0180
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt06305
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0LEGAL/PROFESSIONAL (TAX) FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt06305
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MATTHEW MOUND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CONTROLLER
ReturnHeader/BusinessOfficerGrp/PhoneNum07325601220
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OTICON HEARING FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0OTIC
ReturnHeader/Filer/EIN0274849403
ReturnHeader/Filer/InCareOfNm0% MATTHEW MOUND
ReturnHeader/Filer/PhoneNum08005263921
ReturnHeader/Filer/USAddress/AddressLine1Txt0580 HOWARD AVENUE
ReturnHeader/Filer/USAddress/CityNm0SOMERSET
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008873
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DELOITTE TAX LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01100 WALNUT STREET SUITE 3300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KANSAS CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd064106
ReturnHeader/PreparerPersonGrp/PhoneNum08164746180
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ZACHARY C PEEK PARTNER
ReturnHeader/ReturnTs02021-11-15T12:07:55-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MATTHEW
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MOUND
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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