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Nonprofit · EIN 26-2137242

AUSTIN SPEECH LABS INC

Tax-exempt · AUSTIN, TX 78757

Financials

$1.4M$1.2M2023$1.9M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of AUSTIN SPEECH LABS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,877,810$1,324,853$552,957$3,547,698$135,739$3,411,959
December 31, 2023990$1,435,155$1,167,506$267,649$3,103,101$244,099$2,859,002
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,316,040
of which government grants
$10,421
Program service revenue
$570,351
Investment income
$79,502
Net income from fundraising events
-$88,083
Other revenue
-$88,083

Expenses

Grants and similar amounts paid
$92,241
Compensation of officers, directors and key employees
$18,431
Other salaries and wages
$802,812
Salaries, compensation and benefits (total)
$920,358
Professional fundraising fees
$0
Legal fees
$2,117
Accounting fees
$11,346
Occupancy
$177,825
Depreciation
$17,467
Program services (functional)
$963,743
Management and general (functional)
$184,527
Fundraising (functional)
$176,583

Balance sheet and other

Total assets, start of year
$3,103,101
Total assets, end of year
$3,547,698
Total liabilities, end of year
$135,739
Net assets, end of year
$3,411,959
Net assets without donor restrictions
$2,355,729
Net assets with donor restrictions
$1,056,230
Gross receipts
$1,965,893
Employees
15
Volunteers
313
Year formed
2008
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Shilpa ShamapantPresident, Founder, Therapist
Officer, Key employee
40$18,431
Dr Steven WarachMember
Officer
0$0
Dr Harish GagnejaMember
Officer
0$0
David E LittleMember
Officer
0$0
Aditya MishraChair
Officer
5$0
Sherrie FrachtmanMember
Officer
0$0
Laura YorkSecretary
Officer
5$0
Zubin KhambattaMember
Officer
0$0
Jody RudmanMember
Officer
0$0
Catherine LucchesiMember
Officer
0$0
Robert HollingsworthTreasurer
Officer
5$0
Ben DurhamMember
Officer
0$0
Ali DosaniMember
Officer
0$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensation
Shilpa ShamapantPresident, Founder, Therapist
Officer, Key employee
40$33,769
Dr Steven WarachMember
Officer
0$0
Dr Harish GagnejaMember
Officer
0$0
David E LittleMember
Officer
0$0
Aditya MishraChair
Officer
5$0
Robert HollingsworthTreasurer
Officer
5$0
Sherrie FrachtmanMember
Officer
0$0
Ann McIverMember
Officer
0$0
Laura YorkSecretary
Officer
5$0
Zubin KhambattaMember
Officer
0$0
Jody RudmanMember
Officer
0$0
Kapil JainMember
Officer
0$0
Catherine LucchesiMember
Officer
0$0
Megan KoppenhoeferMember
Officer
0$0

Address and contacts

Address (IRS master file)
7800 SHOAL CREEK BLVD 136-S, AUSTIN, TX 78757-1045
In care of
% SHILPA SHAMAPANT PRES
Principal officer (990 for 2024)
Shilpa Shamapant, 7800 Shoal Creek Blvd, Suite 136-S, Austin, TX 78757
Signed the 990
Shilpa Shamapant, President, Founder
Phone
(512) 992-0575

Mission

Austin Speech Lab's mission is to support stoke survivors and their loved ones in rebuilding their lives by providing intensive, affordable, and innovative speech and cognitive therapy. We envision a world where stroke survivors have access to the therapy they need to thrive at home, at work, and in the community.

990 for the year ended December 31, 2024

Program accomplishments

  • Provide intensive speech, language and cognitive therapy for stroke survivors to improve quality of life for stroke survivors and caregivers. We also conduct research and develop innovative treatments to reduce length of recovery time post stroke. The organizations intensive speech therapy also includes neurologic music therapy to use music to improve fluency. In addition we provide caregiver programs to facilitate communication and offer resources. Therapy is provided in-house and via teletherapy.
    Expenses $963,743 · grants $92,241 · revenue $570,351

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
26-2137242
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2008
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,547,698
Income (IRS master file)
$1,965,893

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,877,810$1,324,853$3,547,698XML
990December 2023$1,435,155$1,167,506$3,103,101XML
990December 2022$1,460,832$1,102,918$2,920,550IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about AUSTIN SPEECH LABS INC

What is the EIN of AUSTIN SPEECH LABS INC?
The employer identification number (EIN) of AUSTIN SPEECH LABS INC is 26-2137242.
Is AUSTIN SPEECH LABS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to AUSTIN SPEECH LABS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AUSTIN SPEECH LABS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of AUSTIN SPEECH LABS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AUSTIN SPEECH LABS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of AUSTIN SPEECH LABS INC?
The 990 for the year ended December 31, 2024 names Shilpa Shamapant.
Who are the officers and directors of AUSTIN SPEECH LABS INC?
The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $18,431 (Shilpa Shamapant, President, Founder, Therapist).
How much revenue does AUSTIN SPEECH LABS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,877,810, expenses of $1,324,853 and total assets of $3,547,698 at year end.

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