Civic Intelligence

American Hearing Research Foundatio C/O Apex Management & Special Event

990 • Fiscal year 2017 • EIN 36-2612784

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 20, 2018

275 N York Street Ste 401Elmhurst, IL 60126

(630) 617-5079

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.02x

Higher debt load relative to assets than 23% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

62nd percentile

0.30x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

92nd percentile

56%

Higher net margin than 92% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

80th percentile

18%

Faster asset growth than 80% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

54th percentile

6.0%

Faster revenue growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$8,854,518

Up $1,318,959 (+18%) from 2016

Net Assets

Up

$8,649,894

Up $1,324,340 (+18%) from 2016

Liabilities

Down

$204,624

Down $5,381 (-2.6%) from 2016

Revenue

Up

$687,453

Up $39,080 (+6.0%) from 2016

Expenses

Down

$301,814

Down $12,318 (-3.9%) from 2016

Net Income

Up

$385,639

Up $51,398 (+15%) from 2016

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2014: $6,985,977Liabilities 2014: $161,579Net Assets 2014: $6,824,3982014Assets 2015: $6,800,038Liabilities 2015: $202,530Net Assets 2015: $6,597,5082015Assets 2016: $7,535,559Liabilities 2016: $210,005Net Assets 2016: $7,325,5542016Assets 2017: $8,854,518Liabilities 2017: $204,624Net Assets 2017: $8,649,8942017Assets 2018: $8,274,637Liabilities 2018: $267,956Net Assets 2018: $8,006,6812018Assets 2019: $10,719,704Liabilities 2019: $293,067Net Assets 2019: $10,426,6372019Assets 2020: $12,189,995Liabilities 2020: $322,444Net Assets 2020: $11,867,5512020Assets 2021: $14,460,059Liabilities 2021: $317,909Net Assets 2021: $14,142,1502021Assets 2022: $11,509,525Liabilities 2022: $341,321Net Assets 2022: $11,168,2042022Assets 2024: $16,290,975Liabilities 2024: $441,550Net Assets 2024: $15,849,4252024

Highlighted filing

2017

Assets$8,854,518
Liabilities$204,624
Net Assets$8,649,894

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $270,977Expenses 2014: $277,139Net Income 2014: -$6,1622014Revenue 2015: $334,286Expenses 2015: $280,361Net Income 2015: $53,9252015Revenue 2016: $648,373Expenses 2016: $314,132Net Income 2016: $334,2412016Revenue 2017: $687,453Expenses 2017: $301,814Net Income 2017: $385,6392017Revenue 2018: $245,922Expenses 2018: $355,507Net Income 2018: -$109,5852018Revenue 2019: $1,134,160Expenses 2019: $405,348Net Income 2019: $728,8122019Revenue 2020: $343,982Expenses 2020: $396,634Net Income 2020: -$52,6522020Revenue 2021: $402,176Expenses 2021: $443,216Net Income 2021: -$41,0402021Revenue 2022: $301,706Expenses 2022: $489,596Net Income 2022: -$187,8902022Revenue 2024: $385,525Expenses 2024: $598,361Net Income 2024: -$212,8362024

Highlighted filing

2017

Revenue$687,453
Expenses$301,814
Net Income$385,639
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 20, 2018
Return Version
2017v2.3
Gross Receipts
$2,166,978
Mission and Program Overview

Mission

The American Hearing Research Foundation serves two vital roles: to fund significant research in hearing and balance disorders, and to help educate the public about hearing loss and balance disorders related to the inner ear.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,324,320$8,522,091▲ $1,197,771
Savings and Temporary Cash Investments$183,091$287,801▲ $104,710
Prepaid Expenses and Deferred Charges$10,053$24,888▲ $14,835
Total Assets$7,535,559$8,854,518▲ $1,318,959
Other Assets Total$18,095$19,738▲ $1,643
Liabilities
Grants Payable$201,000$195,050▼ $5,950
Accounts Payable and Accrued Expenses$9,005$9,574▲ $569
Total Liabilities$210,005$204,624▼ $5,381
Net Assets / Fund Balance
Unrestricted Net Assets$7,318,635$8,634,961▲ $1,316,326
Temporarily Rstr Net Assets$6,919$14,933▲ $8,014
Total Net Assets Fund Balance$7,325,554$8,649,894▲ $1,324,340
Total Liabilities and Net Assets / Fund Balance$7,535,559$8,854,518▲ $1,318,959

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$45,000$45,000
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$455,240
Program Service Revenue
$0
Investment Income
$220,224
Other Revenue
$11,989
All Other Contributions
$455,240
Change in Net Assets
$385,639

Audited Revenue Reconciliation

Revenue per Audited Statements
$679,548
Revenue Not Reported on Financial Statements
$7,905
Revenue Not Reported on Form 990
$946,606
Total Revenue per Audited Statements
$1,626,154
Total Revenue per Form 990
$687,453
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$195,050
Other Expenses$106,764
Total Fundraising Expense$13,445
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$195,050--$195,050
Fees for Services Management$14,068$17,585$3,517$35,170
Advertising$22,500--$22,500
Office Expenses$6,361$3,181$1,061$10,603
Fees for Services Accounting-$7,900-$7,900
Insurance-$7,301-$7,301
Conferences and Meetings$3,302$1,652$551$5,505
Travel$2,975$850$424$4,249
Other Expenses$2,285$324$381$324
Fees for Services Other$68$34$11$113
Total Functional Expenses$246,609$41,760$13,445$301,814

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$301,814
Total Expenses per Audited Statements$301,814
Total Expenses per Form 990$301,814
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Baylor College of MedicineHouston, TX-Research$30,000
University of ConnecticutStorrs, CT-Research$30,000
University of Illinois at ChicagoChicago, IL-Research$25,000
Duke UniversityDurham, NC-Research$20,000
Northwestern UniversityEvanston, IL-Research$20,000
State University of New YorkAlbany, NY-Research$20,000
University of ConnecticutFarmington, CT-Research$20,000
University of Nebraska Medical CentOmaha, NE-Research$20,000
University of MiamiMiami, FL-Research$9,050
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Richard muench mark muench chairman vice pres. Father and son richard muench susan knight chairman director father and daughter

Form 990, Page 6, Part VI, Line 3

The day-to-day management was contracted to apex management & special events, inc.

Form 990, Page 6, Part VI, Line 11B

The board reviews the form 990 prior to its filing.

Form 990, Page 6, Part VI, Line 12C

The organization requires an annual assessment of any potential conflicts of interest.

Form 990, Page 6, Part VI, Line 19

The organization makes its articles of incorporation and financial statements available on the organization's website. Other governing documents and its conflict of interest policy are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
American Hearing Research Foundatio
EIN
36-2612784
Phone
6306175079
Address
275 N YORK STREET STE 401, ELMHURST, IL 60126

Signing Officer

Name
Richard Muench
Title
Chairman
Phone
6306175153
Signed
2018-06-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Muench
Formed
1966
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
22

Preparer

Firm
Evenhouse & Co Pc
Address
310 W LAKE ST STE 200, ELMHURST, IL 60126-1527
Preparer
Timothy J Vande Werken CPA
Phone
6308323225
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The american hearing research foundation serves two vital roles: to fund significant research in hearing and balance disorders, and to help educate the public about hearing loss and balance disorders related to the inner ear.

Form 990, Page 2, Part III, Line 2

In may of 2017, the board of american hearing research foundation approved the creation of a pbs video to provide education to the public about meniere's disease.

Form 990, Part XI, Line 9

Sale of assets market to cost basis difference 27,131

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation has adopted the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Examples of tax positions include the tax-exempt status of the foundation and the continued tax-exempt status of various positions related to the potential sources of unrelated business taxable income (ubti). At december 31, 2017, there were no unrecognized tax benefits identified or recorded as liabilities.

Schedule D, Page 4, Part XI, Line 2D

Sale of assets market to cost basis difference 27,131

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IRS990ScheduleA/FactsAndCircumstancesTestTxt0AS CALCULATED IN PART II OF SCHEDULE A, AMERICAN HEARING RESEARCH FOUNDATION ("THE FOUNDATION") FAILED TO MEET THE 33 1/3% TEST, RECEIVING 22.7% OF ITS SUPPORT DURING THE PERIOD 2013-2017 FROM PUBLIC SUPPORT. THIS BEING SO, THE FOUNDATION STILL SATIFIES THE REQUIREMENT FOR NON-PRIVATE STATUS AS SET FORTH IN CODE SECTION 1.170 A-9 (E)(3)(I)-(V) AND (VII). (I) THE FOUNDATION NORMALLY RECEIVES MORE THAN 10% OF ITS SUPPORT FROM GOVERNMENTAL UNITS OR FROM THE GENERAL PUBLIC. (II) THE FOUNDATION IS CONTINUALLY RECEIVING CONTRIBUTIONS FROM FIRST-TIME DONORS. OVER 350 DIFFERENT DONORS HAVE CONTRIBUTED AT LEAST ONCE TO THE FOUNDATION IN THE PAST 5 YEARS ALONE. (III) ABOUT HALF OF THE FOUNDATION'S INCOME IS RECEIVED THROUGH INVESTMENTS. IT HAS BEEN THE CONTRIBUTIONS THAT PUT THE PERCENTAGE WELL OVER 10%. (IV) THE SOURCE OF THE FOUNDATION'S SUPPORT IS NOT LIMITED TO ANY FAMILY, COMMUNITY, REGION, OR INTEREST. (V) THERE IS A BOARD OF DIRECTORS THAT GOVERNS THE FOUNDATION WHICH CONSISTS OF UNCOMPENSATED MEMBERS. (VII) THE ACTIVITIES OF THE FOUNDATION ARE LIKELY TO APPEAL TO MANY DIFFERENT INDIVIDUALS AND ENTITIES, ESPECIALLY THOSE INTERESTED IN SUPPORTING MEDICAL RESEARCH INTO THE CAUSES, PREVENTIONS, AND CURES FOR HEARING RELATED DISORDERS. BECAUSE THE FOUNDATION ACTIVELY SEEKS BROAD PUBLIC SUPPORT FOR ITS CHARITABLE PURPOSES AND BECAUSE THE FOUNDATION IS NOT ORGANIZED OR OPERATED TO BENEFIT ANY SINGLE INDIVIDUAL OR HIS/HER FAMILY, THE FOUNDATION DOES SATISFY THE PUBLIC SUPPORT TEST AS SET FORTH IN CODE SECTION 1.170A-9(E) (3).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0AS CALCULATED IN PART II OF SCHEDULE A, AMERICAN HEARING RESEARCH FOUNDATION ("THE FOUNDATION") FAILED TO MEET THE 33 1/3% TEST, RECEIVING 22.7% OF ITS SUPPORT DURING THE PERIOD 2013-2017 FROM PUBLIC SUPPORT. THIS BEING SO, THE FOUNDATION STILL SATIFIES THE REQUIREMENT FOR NON-PRIVATE STATUS AS SET FORTH IN CODE SECTION 1.170 A-9 (E)(3)(I)-(V) AND (VII). (I) THE FOUNDATION NORMALLY RECEIVES MORE THAN 10% OF ITS SUPPORT FROM GOVERNMENTAL UNITS OR FROM THE GENERAL PUBLIC. (II) THE FOUNDATION IS CONTINUALLY RECEIVING CONTRIBUTIONS FROM FIRST-TIME DONORS. OVER 350 DIFFERENT DONORS HAVE CONTRIBUTED AT LEAST ONCE TO THE FOUNDATION IN THE PAST 5 YEARS ALONE. (III) ABOUT HALF OF THE FOUNDATION'S INCOME IS RECEIVED THROUGH INVESTMENTS. IT HAS BEEN THE CONTRIBUTIONS THAT PUT THE PERCENTAGE WELL OVER 10%. (IV) THE SOURCE OF THE FOUNDATION'S SUPPORT IS NOT LIMITED TO ANY FAMILY, COMMUNITY, REGION, OR INTEREST. (V) THERE IS A BOARD OF DIRECTORS THAT GOVERNS THE FOUNDATION WHICH CONSISTS OF UNCOMPENSATED MEMBERS. (VII) THE ACTIVITIES OF THE FOUNDATION ARE LIKELY TO APPEAL TO MANY DIFFERENT INDIVIDUALS AND ENTITIES, ESPECIALLY THOSE INTERESTED IN SUPPORTING MEDICAL RESEARCH INTO THE CAUSES, PREVENTIONS, AND CURES FOR HEARING RELATED DISORDERS. BECAUSE THE FOUNDATION ACTIVELY SEEKS BROAD PUBLIC SUPPORT FOR ITS CHARITABLE PURPOSES AND BECAUSE THE FOUNDATION IS NOT ORGANIZED OR OPERATED TO BENEFIT ANY SINGLE INDIVIDUAL OR HIS/HER FAMILY, THE FOUNDATION DOES SATISFY THE PUBLIC SUPPORT TEST AS SET FORTH IN CODE SECTION 1.170A-9(E) (3).
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FOUNDATION AND THE CONTINUED TAX-EXEMPT STATUS OF VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). AT DECEMBER 31, 2017, THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SALE OF ASSETS MARKET TO COST BASIS DIFFERENCE 27,131
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8RESEARCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BAYLOR COLLEGE OF MEDICINE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1DUKE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2NORTHWESTERN UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3STATE UNIVERSITY OF NEW YORK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4UNIVERSITY OF CONNECTICUT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5UNIVERSITY OF CONNECTICUT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6UNIVERSITY OF ILLINOIS AT CHICAGO
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7UNIVERSITY OF MIAMI
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8UNIVERSITY OF NEBRASKA MEDICAL CENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0RESEARCH FOUNDATION FOR STATE UNIV
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt1SPONSORED PROGRAM SERVICE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt2HEALTH CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt3DEPT OF ANATOMY AND CELL BIOLOGY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt4OFFICE OF RESEARCH ADMINISTRATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt5ACCOUNTS RECEIVABLE
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0ONE BAYLOR PLAZA BCM 206
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1LEVINE SCIENCE RESEARCH BUILDING
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2633 CLARK ROOM G594
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3PO BOX 9
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4263 FARMINGTON AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5438 WHITNEY ROAD EXT UNIT 1133
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7GABLES ONE TOWER
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8985045 NEBRASKA MEDICAL CENTER
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0GRANTS AND CONTRACTS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt1RM B248A
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