Potomac River Clinic
- Assets
- $425.3k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/1999
- Data as of
- 06/2024
- EIN
- 54-1924115
Organization Overview
Potomac River Clinic is located in Washington, DC. The organization was established in 1999. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potomac River Clinic is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Potomac River Clinic generated $1.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $864.8k during the year ending 06/2024. While expenses have increased by 7.6% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
POTOMAC RIVER CLINICS MISSION IS TO EQUIP CHILDREN AND ADULTS WITH HEARING LOSS AND THEIR FAMILIES WITH A FOUNDATION FOR LIFELONG LEARNING THROUGH LISTENING AND SPOKEN LANGUAGE AND TO BUILD PRODUCTIVE PARTNERSHIPS IN RESEARCH, PROFESSIONAL TRAINING, AND COLLABORATIVE OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POTOMAC RIVER CLINIC IS A PRIVATE, NON-PROFIT AUDITORY-VERBAL CENTER WITH SPECIFIC EXPERTISE IN THE ORAL LANGUAGE DEVELOPMENT OF CHILDREN AND ADULTS WITH HEARING LOSS. THE PRACTICE WORKS WITH FAMILIES AND PROFESSIONALS TO ACHIEVE OPTIMAL OUTCOMES USING A TRANSDISCIPLINARY TEAM OF PROFESSIONALS WORKING IN AUDIOLOGY, DEAF EDUCATION, AND SPEECH-LANGUAGE PATHOLOGY. THE TEAM IS EXPERIENCED WITH STATE-OF-THE-ART HEARING TECHNOLOGY INCLUDING HEARING AIDS, COCHLEAR IMPLANTS, AND FM SYSTEMS. TEAM MEMBERS ACT AS COACHES AND GUIDES FOR FAMILIES TO SUPPORT DEVELOPMENT OF AUDITORY SKILLS, TO FACILITATE SPOKEN LANGUAGE, TO CREATE SUPPORTIVE LISTENING ENVIRONMENTS, AND TO INTEGRATE LISTENING AND LANGUAGE INTO THE ROUTINES OF FAMILY LIFE. POTOMAC RIVER CLINIC IS COMMITTED TO MEETING THE NEEDS OF UNDERSERVED CHILDREN WITHIN THE POPULATION INCLUDING THOSE FROM NON-ENGLISH SPEAKING FAMILIES, CHILDREN WITH ADDITIONAL SPECIAL NEEDS, CHILDREN OF CULTURALLY DEAF FAMILIES, AND CHILDREN FROM LOWER SOCIO-ECONOMIC GROUPS. THE FOLLOWING SERVICES ARE PROVIDED: ASSESSMENT AND EVALUATION, ASSISTIVE TECHNOLOGY, SPECIALIZED INSTRUCTION, SPEECH-LANGUAGE PATHOLOGY, AUDIOLOGY, AND PROFESSIONAL TRAINING. THERE ARE APPROXIMATELY 280 CLIENTS ATTENDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Bedford Director | Trustee | 0.15 | $0 |
Jackie Mahoozi Director | Trustee | 0.15 | $0 |
Sarah Halpert Director | Trustee | 0.15 | $0 |
Dennis Whittle Director | Trustee | 0.15 | $0 |
Matthew Huray Director | Trustee | 0.15 | $0 |
Shawn Lipinski Director | Trustee | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,300 |
| Related organizations | $0 |
| Government grants | $116,806 |
| All other contributions, gifts, grants, and similar amounts not included above | $339,195 |
| Noncash contributions included in lines 1a–1f | $300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $457,301 |
| Total Program Service Revenue | $546,301 |
| Investment income | $8,220 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,860 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,013,682 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| Grants and other assistance to domestic individuals. | $1,038 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $134,600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $72,590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $484,724 |
| Advertising and promotion | $0 |
| Office expenses | $12,015 |
| Information technology | $3,776 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,978 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,540 |
| Insurance | $14,919 |
| All other expenses | $0 |
| Total functional expenses | $864,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,130 |
| Savings and temporary cash investments | $217,151 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129,408 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $22,619 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $425,308 |
| Accounts payable and accrued expenses | $57,889 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $57,889 |
| Net assets without donor restrictions | $0 |
| 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 | $367,419 |
| Total liabilities and net assets/fund balances | $425,308 |