Hearing Industries Association Inc
- Assets
- $1.4m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- 06/1959
- Data as of
- 12/2023
- EIN
- 42-6100157
Organization Overview
Hearing Industries Association Inc is located in Washington, DC. The organization was established in 1959. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2023, Hearing Industries Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hearing Industries Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Hearing Industries Association Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRUSTED VOICE ON HEARING HEALTH CARE FOR PRODUCT INNOVATION, PATIENT SAFETY AND EDUCATION AND PUBLIC POLICY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONITOR AND ADVISE MEMBERS ON FEDERAL AND STATE LEGISLATION AND AGENCIES REGARDING THE LEGAL AND REGULATORY ENVIRONMENT OF HEARING AIDS. MAINTAIN DATA ON HEARING AID DEVICES FOR MEMBERS. PROVIDE EDUCATION AND AWARENESS OF THE IMPORTANCE OF HEARING HEALTH TO CONSUMERS AND COORDINATE THESE ACTIVITIES WITH PROFESSIONAL AND CONSUMER ORGANIZATIONS THROUGH THE HEAR WELL STAY VITAL CAMPAIGN ACTIVITIES.
LOBBYING ACTIVITY TO INCREASE AWARENESS AND EDUCATION OF HEARING HEALTH AND FOLLOW-UP TO THE PASSAGE OF THE OTC HEARING AID ACT PASSED IN 2017 AND PROPOSED LEGISLATION FOR MEDICARE COVERAGE FOR HEARING HEALTH.
RESEARCH AND PUBLICATION OF MARKETRAK, A LONGITUDINAL STUDY OF THE CONSUMER JOURNEY THAT PROVIDES UNIQUE DATA ON HEARING DIFFICULTY, HEARING AID USAGE, AND ADOPTION RATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Carr President | Officer | 40 | $402,500 |
Bridget Dobyan Dir Of Public Pol | 40 | $196,000 | |
Brandon Sawalich Vice Chair | OfficerTrustee | 1 | $0 |
Mikkel Knudsen Director | Trustee | 1 | $0 |
Carsten Buhl Treasurer | Trustee | 1 | $0 |
Gary Rosenblum Director | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Apco Worldwide Media Campaigns | 12/30/23 | $825,280 |
The Vogel Group Lobbying Expense | 12/30/23 | $150,037 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,269,021 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,269,021 |
| Total Program Service Revenue | $0 |
| Investment income | $20,655 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,289,676 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $399,405 |
| Compensation of current officers, directors, key employees. | $39,941 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,927 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,939 |
| Payroll taxes | $39,780 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,719 |
| Fees for services: Lobbying | $150,037 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $138,832 |
| Advertising and promotion | $0 |
| Office expenses | $8,592 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,140 |
| Travel | $44,278 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,040 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $423 |
| Insurance | $4,324 |
| All other expenses | $1,591 |
| Total functional expenses | $2,358,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,747 |
| Savings and temporary cash investments | $1,014,924 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $1,548 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,264 |
| Net Land, buildings, and equipment | $1,233 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,501 |
| Total assets | $1,389,217 |
| Accounts payable and accrued expenses | $86,155 |
| Grants payable | $0 |
| Deferred revenue | $150,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,750 |
| Total liabilities | $256,905 |
| Net assets without donor restrictions | $1,132,312 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,389,217 |
Grants Awarded
Over the last fiscal year, Hearing Industries Association Inc has awarded $157,998 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AZ MARKETING RESEARCH INC PURPOSE: TO FUND HEARING RELATED RESEARCH | $41,638 |
INTL HEARING SOCIETY PURPOSE: TO FUND HEARING STUDY | $100,000 |
ONLINE SURVEY SOLUTION PURPOSE: TO FUND HEARING RELATED RESEARCH | $16,360 |