2024-04-11T14:06:24-05:00 2023-05-31 611064249 DEMING MALONE LIVESAY & OSTROFF PSC 9300 SHELBYVILLE RD STE 1100 LOUISVILLE KY 402225187 990 2022-06-01 610492369 HEUSER HEARING & LANGUAGE ACADEMY HEUS 5025153320 111 EAST KENTUCKY STREET LOUISVILLE KY 40203 BRETT BACHMANN CEO 5025153320 2024-04-08 1 BRETT BACHMANN 999009999 0 CHRISTINE N KOENIG P01022180 5024269660 2024-04-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRETT BACHMANN 111 EAST KENTUCKY STREET LOUISVILLE KY 40203 3723990 0 X THEHEARINGINSTITUTE.ORG X 1954 KY PROVIDE A COMPREHENSIVE DAILY PROGRAM FOR CHILDREN WITH HEARING LOSS AND THOSE WITH SEVERE SPEECH DELAYS. 26 26 59 200 0 0 1814435 2746236 350567 433302 198760 116778 111647 118907 2475409 3415223 0 0 0 0 1106162 1436826 0 0 160007 857942 1426123 1964104 2862949 511305 552274 17333798 17247750 2550237 2511369 14783561 14736381 TO PROVIDE A COMPREHENSIVE DAILY PROGRAM IN SPEECH/LANGUAGE DEVELOPMENT AND AUDITORY SKILL DEVELOPMENT FOR CHILDREN WITH HEARING LOSS AND THOSE WITH SEVERE SPEECH DELAYS. 0 0 2353856 555769 THE ORGANIZATION PROVIDES A COMPREHENSIVE DAILY PROGRAM IN SPEECH/LANGUAGE DEVELOPMENT AND AUDITORY SKILL DEVELOPMENT FOR HEARING IMPAIRED PRESCHOOL CHILDREN. 2353856 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 38 0 1 59 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 26 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 KY X THE ORGANIZATION 5025153320 111 EAST KENTUCKY STREET LOUISVILLE KY 40203 BRETT BACHMANN CEO 8.00 32.00 X X 41360 165442 26480 JENNY HEADLEE PRESIDENT 0.50 0.50 X X 0 0 0 RALPH BARRINGER VICE PRESIDENT 0.50 0.50 X X 0 0 0 WILL BUSCHMANN TREASURER/SECRETARY 0.50 0.50 X X 0 0 0 BRIAN BAKER DIRECTOR 0.50 0.50 X 0 0 0 BRAD BROECKER DIRECTOR 0.50 0.50 X 0 0 0 KOFI CASH DIRECTOR 0.50 0.50 X 0 0 0 SHANNON COGAN DIRECTOR 0.50 0.50 X 0 0 0 GAIL DEYE DIRECTOR 0.50 0.50 X 0 0 0 LAURA DUANE DIRECTOR 0.50 0.50 X 0 0 0 PEGGY DUANE DIRECTOR 0.50 0.50 X 0 0 0 BOBBY ENNIS DIRECTOR 0.50 0.50 X 0 0 0 MICHAEL ERSKINE DIRECTOR 0.50 0.50 X 0 0 0 BEAU HANDY DIRECTOR 0.50 0.50 X 0 0 0 PAULA HARSHAW DIRECTOR 0.50 0.50 X 0 0 0 TIM HEID DIRECTOR 0.50 0.50 X 0 0 0 HUGH HOAGLAND DIRECTOR 0.50 0.50 X 0 0 0 JOSHUA T HONAKER DIRECTOR 0.50 0.50 X 0 0 0 DEREK HOPPE DIRECTOR 0.50 0.50 X 0 0 0 JENNY HYLAND DIRECTOR 0.50 0.50 X 0 0 0 ROSEMARY KIRKWOOD DIRECTOR 0.50 0.50 X 0 0 0 JACOB MCGILL DIRECTOR 0.50 0.50 X 0 0 0 JAMES OETKEN DIRECTOR 0.50 0.50 X 0 0 0 LIBBY PARKINSON DIRECTOR 0.50 0.50 X 0 0 0 LINDA STEDER DIRECTOR 0.50 0.50 X 0 0 0 REBECCA THOMAS DIRECTOR 0.50 0.50 X 0 0 0 PETER THURMAN DIRECTOR 0.50 0.50 X 0 0 0 PAM THOMPSON DIRECTOR (PREVIOUS) 0.50 0.50 X 0 0 0 TRUDY WHEELER DIRECTOR (PREVIOUS) 0.50 0.50 X 0 0 0 JANICE MUELLER DIRECTOR (PREVIOUS) 0.50 0.50 X 0 0 0 HAZEL SULLIVAN DIRECTOR (PREVIOUS) 0.50 0.50 X 0 0 0 41360 165442 26480 0 0 1 0 MIGHTILY LLC 111 W MAIN ST STE 202 LOUISVILLE KY 40202 MARKETING 106238 1 30254 253118 2462864 10118 2746236 NET PATIENT SERVICE RE 900099 345257 345257 TUITION & SERVICE FEES 611600 88045 88045 433302 128846 128846 69642 0 69642 69642 69642 281580 293648 -12068 -12068 -12068 11559 30254 15119 -3560 -3560 MISCELLANEOUS 900099 52825 52825 52825 3415223 555769 0 113218 56742 28371 28371 1194818 1024568 82367 87883 21724 19204 804 1716 81044 69219 5921 5904 82498 69525 7155 5818 69611 69611 148844 130793 11662 6389 270545 245340 25205 49503 42398 5921 1184 41641 35664 4981 996 130267 111569 15582 3116 48329 41392 5781 1156 76332 76332 315769 217881 88415 9473 33993 29114 4066 813 REPAIRS AND MAINTENANCE 109250 104310 4117 823 MISCELLANEOUS 64157 55746 7009 1402 DUES AND SUBSCRIPTIONS 61218 52430 7323 1465 DEVELOPMENT 6664 6664 2862949 2353856 349086 160007 890104 57499 770998 325496 73398 1555014 1838 138 12077 9326006 6039135 3283348 3286871 3806457 5002472 8507655 7008183 17333798 17247750 148957 169369 4139 897141 842000 1500000 1500000 2550237 2511369 X 7525969 7978807 7257592 6757574 14783561 14736381 17333798 17247750 552274 -599454 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8643325 -347928 -40772 8254625 9317596 -634466 -39805 8643325 7254746 2143167 80317 9317596 7165473 11001 117964 39692 7254746 7313375 33000 -52542 113168 15192 7165473 0.23222 0.76778 0.00000 1 0 124914 124914 6484053 3765824 2718229 119032 119032 0 2598007 2154279 443728 3286871 BENEFICIAL INTEREST IN FOUNDATION 4882410 BENEFICIAL INTEREST IN CHARITABLE TRUST 366463 ADVANCES TO AFFILIATES 1759310 7008183 X PART V, LINE 4: THE ORGANIZATION'S ENDOWMENTS CONSIST OF INDIVIDUAL DONOR-RESTRICTED FUNDS ESTABLISHED BY THE DONORS TO FUNCTION AS ENDOWMENTS FOR THE LONG-TERM SUPPORT OF THE ORGANIZATION. AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, NET ASSETS ASSOCIATED WITH THE ENDOWMENT FUNDS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE BOARD OF DIRECTORS HAS INTERPRETED THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT ("UPMIFA") AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE ORGANIZATION CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF THE GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS, IF ANY, IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE ORGANIZATION IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY UPMIFA. PART X, LINE 2: THE HEUSER HEARING & LANGUAGE ACADEMY (ORGANIZATION) IS EXEMPT FROM FEDERAL, STATE AND LOCAL INCOME TAXES AS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE ORGANIZATION FILES INFORMATIONAL TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND WITH THE KENTUCKY OFFICE OF ATTORNEY GENERAL. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNREALTED BUSINESS INCOME. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF MAY 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION FOLLOWS THE JEFFERSON COUNTY, KENTUCKY PUBLIC SCHOOL POLICY. SEE PART II. SCHEDULE E, PART I, LINE 4 THE ORGANIZATION FOLLOWS THE JEFFERSON COUNTY, KENTUCKY PUBLIC SCHOOL POLICY. SEE PART II. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION HAS AN AGREEMENT WITH THE BOARD OF EDUCATION OF JEFFERSON COUNTY, KY (THE BOARD OF EDUCATION) WHEREBY THE ORGANIZATION PROVIDES THE USE OF ITS FACILITIES FOR THE BENEFIT OF STUDENTS OF JEFFERSON COUNTY WITH HEARING LOSS. TEACHER ASSISTANTS AND A MINIMUM SUPPLY BUDGET PROVIDED UNDER THE AGREEMENT ARE PAID FOR BY THE BOARD OF EDUCATION BASED ON A 6 (STUDENTS) TO 1 (TEACHER) STATE RATIO FOR SELF-CONTAINED CLASSES FOR HEARING IMPAIRED CHILDREN. THE ORGANIZATION RECEIVES NO COMPENSATION UNDER THE AGREEMENT. THIS ARRANGEMENT WAS ENTERED INTO TO PROVIDE SPECIALIZED EARLY CHILDHOOD EDUCATION FOR THE DEAF AND HARD OF HEARING CHILDREN WHICH HELPS TO PROVIDE A STRONG FOUNDATION FOR THE SMOOTH TRANSITION INTO JEFFERSON COUNTY, KENTUCKY PUBLIC SCHOOL'S MAINSTREAM RESOURCE, ITINERANT, OR SELF-CONTAINED PROGRAMS. FOR STUDENTS OUTSIDE JEFFERSON COUNTY, KENTUCKY, THE COMMONWEALTH OF KENTUCKY PROVIDES AN ALLOCATION OF STATE FUNDS TO THE ORGANIZATION. HEAR ON THE RIVER 41813 30254 11559 11559 1734 1825 41813 30254 11559 11559 1734 1825 15118 -3559 X X X X 0 0 0 0 1 0 0 1 0 BRETT BACHMANN CEO 35560 142242 5800 23200 0 0 2614 10454 2682 10730 46656 186626 0 0 PART I, LINE 3 THE CEO'S COMPENSATION IS PAID BY THIS ORGANIZATION. A PORTION OF THE COMPENSATION EXPENSE IS ALLOCATED TO A RELATED ORGANIZATION. BOTH ORGANIZATIONS MAINTAIN THE SAME BOARD OF DIRECTORS, WHICH IS RESPONSIBLE FOR DETERMINING THE CEO'S TOTAL COMPENSATION. PART I, LINE 5 CEO EARNS BONUSES ON A MONTHLY BASIS BY ACHIEVING DESIGNATED METRICS BASED ON MEETING OPERATIONAL GOALS OF THE EDITH & HENRY HEUSER HEARING INSTITUTE, INC. BONUS STRUCTURE WAS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. PART I, LINE 7 CEO EARNS BONUSES ON A MONTHLY BASIS BY ACHIEVING DESIGNATED METRICS BASED ON MEETING OPERATIONAL GOALS OF THE EDITH & HENRY HEUSER HEARING INSTITUTE, INC. BONUS STRUCTURE WAS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION ENGAGED WITH HEALTHCARE REVENUE GROUP (HRG) TO PERFORM THE ACCOUNTING FUNCTIONS FOR THE ORGANIZATION. ULTIMATELY THE CEO HAS THE FINAL APPROVAL, BUT HE DOES RELY ON THE INFORMATION AND DATA PROVIDED BY HRG. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE, BOARD CHAIR, CEO, AND CFO REVIEW AND COMMENT ON THE FORM 990 PRIOR TO ITS FILING. A FINAL VERSION OF THE FORM 990 IS LATER PROVIDED TO ALL MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD PRESIDENT ADDRESSES THE TOPIC AT THE BOARD MEETING WHEN NEW MEMBERS BEGIN AND ANNUAL STATEMENTS OF DISCLOSURE OF CONFLICT OF INTEREST ARE DISTRIBUTED FOR EACH BOARD MEMBER TO DOCUMENT ANY POTENTIAL CONFLICTS. IN ADDITION, THE EXECUTIVE DIRECTOR, CFO, BOARD PRESIDENT, AND BOARD SECRETARY/TREASURER MONITOR ORGANIZATION BUSINESS DECISIONS AND DEALINGS TO ENSURE THAT THOSE REMAIN FREE OF CONNECTIONS TO BOARD MEMBERS OR KEY EMPLOYEES THAT MIGHT REACH THE LEVEL OF CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE SECRETARY/TREASURER AND BOARD PRESIDENT REVIEW COMPARATIVE SALARY DATA FOR SIMILAR POSITIONS AT OTHER NONPROFITS IN THE SAME GEOGRAPHICAL AREAS WITHIN THE SAME INDUSTRY. THE CEO'S COMPENSATION IS PAID BY THIS ORGANIZATION. A PORTION OF THE COMPENSATION EXPENSE IS ALLOCATED TO A RELATED ORGANIZATION. BOTH ORGANIZATIONS MAINTAIN THE SAME BOARD OF DIRECTORS, WHICH IS RESPONSIBLE FOR DETERMINING THE CEO'S TOTAL COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. TH EDITH & HENRY HEUSER HEARING INSTITUTE 111 E KENTUCKY ST LOUISVILLE KY 40203 611353955 HELPING HEARING IMPAIRED WITH SPEECH AND AUDITORY SKILLS KY 501(C)(3) LINE 10 N/A 0 HEUSER HEARING PRODUCTS INC 111 E KENTUCKY STREET LOUISVILLE KY 40203 300040334 PROVIDE AUDIOLOGICAL MEDICAL SERVICES KY N/A C 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1