Hearing Health Foundation
Meets Standards
Standards For Charity Accountability
Governance
-
Board Oversight
-
Board Size
-
Board Meetings
-
Board Compensation
-
Conflict of Interest
Measuring Effectiveness
-
Effectiveness Policy
-
Effectiveness Report
Finances
-
Program Expenses
-
Fundraising Expenses
-
Accumulating Funds
-
Audit Report
-
Detailed Expense Breakdown
-
Accurate Expense Reporting
-
Budget Plan
Fundraising & Info
-
Truthful Materials
-
Annual Report
-
Website Disclosures
-
Donor Privacy
-
Cause Marketing Disclosures
-
Complaints
Hearing Health Foundation meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to prevent and cure hearing loss and tinnitus through groundbreaking research and to promote hearing health."
Year, State Incorporated:
1958, NY
Hearing Health Foundation (HHF) supports two pillar research programs: Emerging Research Grants (ERG) and the Hearing Restoration Project (HRP). The ERG program cultivates early-career researchers new to the field of hearing and balance science as well as understudied areas of hearing and balance science. ERG finances research projects that show high scientific merit and clear importance to the advancement of basic, clinical, and translational research. The HRP is a consortium of scientists organized and funded by HHF to cure hearing loss and tinnitus. Hearing Health magazine is a quarterly consumer educational resource on hearing loss and related conditions with a goal of educating individuals about the importance of prevention, the effects of hearing loss on health and quality of life, and to increase awareness of real-world solutions based on the latest research and technology. HHF also educates the public through its e-newsletter, website, blog, webinars, social media, and broadcast TV PSAs.
For the year ended September 30, 2023, Hearing Health Foundation's program expenses were:
Communication and education: $23,009,956
Hearing Restoration Project: $2,027,007
Magazine management: $699,780
Research grants: $976,154
Total Program Expenses: $26,712,897
Chief Executive
Timothy L. Higdon, President and Chief Executive Officer
Compensation*
$274,838
Chair of the Board
Jay Grushkin, J.D.
Chair's Profession / Business Affiliation
Partner, Milbank LLP
Board Size
15
Paid Staff Size
6
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio, Telemarketing, Print advertisements
Fundraising costs were 1% of related contributions. (Related contributions, which totaled $25,523,770, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Hearing Health Foundation's audited financial statements for the year ended September 30, 2023.
Source of Funds
| Contributions | $3,029,302 |
| In-kind contributions | $22,494,468 |
| Publishing | $81,485 |
| Interest and dividends, net | $176,203 |
| Realized and unrealized gains on investments | $726,390 |
| Other income | $1,818 |
| Total Income | $26,509,666 |
Programs: 98% Fundraising: 1% Administrative: 1%
| Total Income | $26,509,666 |
| Total expenses: | $27,234,965 |
| Program expenses | $26,712,897 |
| Fundraising expenses | $328,234 |
| Administrative expenses | $193,834 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-725,299 |
| Beginning Net Assets | $12,239,218 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $11,513,919 |
| Total Liabilities | $695,999 |
| Total Assets | $12,209,918 |
Note: According to HHF's audited financial statements for the year ended September 30, 2023, the organization received in-kind contributions totaling $22,494,468 in the form of donated media for PSAs.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
-
Meets Standards
-
Standards Not Met
-
Did Not Disclose
-
Review in Progress
-
Unable to Verify
Report completed by:
BBB Wise Giving Alliance