Starkey Hearing Foundation

Nonprofit profile at a glance

EIN
363297852
IRS 990-PF coverage
2019–2024
Forms available
Form 990 2018, Form 990-PF 2024
Location
Minneapolis, MN, USA
Phone
8663543254
Rating
74
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Ear and Throat Diseases

Reported finances

Revenue
$5,564,986
Expenses
$4,821,900

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Ear and Throat Diseases

What it reported funding in 2024

The foundation reported 5 grants totaling $270,920. The stated grant purposes included to fund the essentia east region childrens health audiology with the equipment, fund the gillette childrens audiology expansion at the maple grove clinic, and community ear and hearing health sponsorhip, plus 2 other reported purposes.

Operating model

Revenue model
Donor-supported. 100% of the foundation's positive operating resources came from contributions.
Distribution model
Direct operator. The foundation carried out 94% of its reported charitable disbursements directly.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

SUPPORTED - A large share of available resources goes to charitable grants and the filing identifies who received its grants. A relatively small share of spending goes to grants and assets provide a limited cushion relative to annual grants.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 6
  • Transparency: 100
  • Compliance: 98
  • Endowment Health: 29

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 99th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 5.6%; rating input score 6; 8th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 18 of 19 controls in place; rating input score 95
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Fail
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 13.21; rating input score 29; 29th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 29th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 15 filed money-flow records
  • Related organizations: 6 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Cost Efficiency: Grant expense ratio scored 6/100.
  • High — Endowment Health: Endowment-health comparison scored 29/100.
  • Review — Compliance: Part VII-B activity disclosures: Goods, services, or facilities involving a disqualified person not reported.