STARKEY HEARING FOUNDATION

EIN: 363297852 501(c)(3) Diseases & Disorders

EDINA, MN

Total Revenue
$27,335,385
Total Expenses
$27,034,231
Total Assets
$15,209,082
Net Assets
$14,394,640
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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
MN
Principal Officer
RICHARD BROWN
Phone
8663543254
Tax Period
2018-01-01 to 2018-12-31

STARKEY HEARING FOUNDATION, founded in 1984, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $27.3M in total revenue in fiscal year 2018.

Mission

GIVE THE GIFT OF HEARING TO THOSE IN NEED EMPOWERING THEM TO ACHIEVE THEIR POTENTIAL. THE FOUNDATION HAS PROVIDED MORE HEARING CARE TO PEOPLE IN THE U.S. AND AROUND THE WORLD THAN ANY NONPROFIT ORGANIZATION. THE FOUNDATION WORKS WITH OTHER GLOBAL ORGANIZATIONS OFFERING HEALTH AND QUALITY OF LIFE SERVICES TO HAVE A COLLECTIVE IMPACT ON THE WELL-BEING OF INDIVIDUALS AND ECONOMIC BENEFIT TO THE COMMUNITY. THE COMMUNITY-BASED HEARING HEALTH CARE PROGRAM IS NOW IN PLACE 64 COUNTRIES WORLDWIDE. THE FOUNDATION HAS PROVIDED HEARING HEALTHCARE SERVICES TO 108 COUNTRIES.

Program Service Accomplishments

Program 1
Expenses: $14,589,200

INTERNATIONAL PROGRAM WE SUPPORT HEARING HEALTHCARE MISSIONS AROUND THE WORLD AND OPERATE SUSTAINABLE COMMUNITY BASED HEARING HEALTH PARTNERSHIPS IN 64 COUNTRIES WORKING WITH NATIONAL GOVERNMENTS...

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INTERNATIONAL PROGRAM WE SUPPORT HEARING HEALTHCARE MISSIONS AROUND THE WORLD AND OPERATE SUSTAINABLE COMMUNITY BASED HEARING HEALTH PARTNERSHIPS IN 64 COUNTRIES WORKING WITH NATIONAL GOVERNMENTS, REGIONAL GOVERNMENTS, PUBLIC HEALTH LEADERS AND LEADING NGOS. THE FOUNDATION PROVIDES HEARING HEALTH TRAINING FOR COMMUNITY HEALTH WORKERS, ALLIED HEALTH PROFESSIONALS, AND MEMBERS OF THE GENERAL PUBLIC. OUR PROGRAMS RANGE FROM THREE-DAY INTRODUCTORY BASIC EDUCATION OPPORTUNITIES TO FULL-YEAR, ACCREDITED, PROFESSIONAL EAR AND HEARING HEALTH TRAINING AT THE STARKEY HEARING INSTITUTE IN ZAMBIA, SEEKING TO ADDRESS THE DIRE SHORTAGE OF HEARING HEALTHCARE PROFESSIONALS IN AFRICA. THE CURRICULUM INCLUDES THE HANDS-ON INTENSIVE WFA COMMUNITY-BASED HEARING HEALTHCARE PROGRAM.

Program 2
Expenses: $11,034,939 Revenue: $1,459,265

DOMESTIC PROGRAMWE ALSO PROVIDE HEARING HEALTH CARE TO LOW-INCOME AMERICANS. THE FOUNDATION PARTNERS WITH LOCAL AUDIOLOGISTS WHO VOLUNTEER THEIR PROFESSIONAL SERVICES TO SERVE PATIENTS. IF SUCH AN...

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DOMESTIC PROGRAMWE ALSO PROVIDE HEARING HEALTH CARE TO LOW-INCOME AMERICANS. THE FOUNDATION PARTNERS WITH LOCAL AUDIOLOGISTS WHO VOLUNTEER THEIR PROFESSIONAL SERVICES TO SERVE PATIENTS. IF SUCH AN AUDIOLOGIST DETERMINES THAT A PATIENT NEEDS HEARING DEVICES AND THE PATIENT QUALIFIES FINANCIALLY FOR THE PROGRAM, THE AUDIOLOGIST WORKS WITH US TO GET THE PROPER HEARING DEVICES FOR THE PATIENT AND THE AUDIOLOGIST THEN FITS THEM TO THE PATIENT. THIS PROGRAM IS PROVIDED AT NO COST TO INDIVIDUALS WHO MEET CERTAIN FINANCIAL CRITERIA. AS PART OF OUR DOMESTIC PROGRAM, THE FOUNDATION ALSO COLLECTS USED HEARING DEVICES AND REPURPOSES THEM FOR USE IN FUTURE INTERNATIONAL MISSIONS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $26,489,301
Program Service Revenue $1,459,265
Investment Income $85,502
Other Revenue $-698,683
TOTAL REVENUE $27,335,385

Expense Breakdown

Grants Paid $16,506,553
Salaries & Benefits $2,643,839
Fundraising Expenses $66,310
Program Expenses $25,624,139
Other Expenses $7,883,839
TOTAL EXPENSES $27,034,231

Year-over-Year Comparison

2018 2017 Change
Revenue $27,335,385 $27,555,292 0.0%
Expenses $27,034,231 $26,697,304 +0.0%
Net Income $301,154 $857,988 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
36
Volunteers
400

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$13,445
Total Directors
11
$0
Key Employees
1
$208,944
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD BROWN PRESIDENT/BOARD CHAIR 20.00
Officer Director
$0 $0 $0
ELIZABETH TULACH VICE PRESIDENT/TREASURER 3.00
Officer Director
$0 $0 $0
JEFF PAPINEAU TREASURER 3.00
Officer Director
$0 $0 $0
CINDY MENGES SECRETARY 3.00
Officer Director
$0 $0 $0
ILLYA ASIPIS DIRECTOR 3.00
Director
$0 $0 $0
BOB COHEN DIRECTOR 3.00
Director
$0 $0 $0
BENJAMIN HOPPS DIRECTOR 3.00
Director
$0 $0 $0
GYL KASEWURM DIRECTOR 3.00
Director
$0 $0 $0
DR PAUL NASH DIRECTOR 3.00
Director
$0 $0 $0
GRACE OWENS DIRECTOR 3.00
Director
$0 $0 $0
DR RUDY UNTERTHINER DIRECTOR 3.00
Director
$0 $0 $0
SHARA PACE SECRETARY-NON-VOTING 3.00
Officer
$13,445 $0 $13,445
BRUCE SCHMALTZ CHIEF FINANCIAL OFFICER 40.00
Key Emp
$175,440 $33,504 $208,944
LUQMAN LAWAL DIRECTOR OF GLOBAL HEALTH 40.00
Highest
$116,845 $19,982 $136,827
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $27,335,385 $27,034,231 $15,209,082 $301,154
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