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← MDS FOUNDATION INC

Form 990 for tax year 2022

Filed by MDS FOUNDATION INC.

Totals

Total revenue
$144,513
Total expenses
$123,157
Contributions and grants received
$63,041
Grants paid
$110,025
Program service revenue
$0
Investment income
$81,472
Other revenue
$0
Total assets, end of year
$2,040,174
Total liabilities, end of year
$1,614
Net assets or fund balances, end of year
$2,038,560
Program services expenses (Part IX)
$110,025
Management and general expenses
$13,132
Fundraising expenses
$0
Program service expenses (Part III)
$110,025

Program services were 89.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $63,041

  • 1g · Noncash contributions included above

    $9,413

  • 3 · Investment income

    total $81,172 · excluded $81,172

  • 7a · Gross sales of assets other than inventory

    securities $334,394

  • 7b · Less cost or other basis and sales expenses

    securities $334,094

  • 7c · Gain or loss

    securities $300

  • 7d · Net gain or loss

    total $300 · excluded $300

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $110,025 · program services $110,025

  • 11c · Fees: accounting

    total $1,000 · management and general $1,000

  • 11f · Fees: investment management

    total $3,815 · management and general $3,815

  • 11g · Fees: other

    total $81 · management and general $81

  • 13 · Office expenses

    total $15 · management and general $15

  • 23 · Insurance

    total $1,163 · management and general $1,163

  • 24a · Other expenses: EVENT

    total $4,052 · management and general $4,052

  • 24b · Other expenses: BANK FEES

    total $1,545 · management and general $1,545

  • 24c · Other expenses: COVID 19 RECOVERY FUND

    total $969 · management and general $969

  • 24d · Other expenses: AWARD RECOGNITION

    total $333 · management and general $333

  • 24e · All other expenses

    total $159 · management and general $159

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $256,807 · end of year $649,490

  • 4 · Accounts receivable

    beginning of year $15,000 · end of year $9,658

  • 9 · Prepaid expenses and deferred charges

    beginning of year $567 · end of year $1,539

  • 11 · Investments: publicly traded securities

    beginning of year $1,284,256 · end of year $1,378,793

  • 15 · Other assets

    beginning of year $447,155 · end of year $694

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,542 · end of year $1,614

  • 27 · Net assets without donor restrictions

    beginning of year $1,815,361 · end of year $1,853,678

  • 28 · Net assets with donor restrictions

    beginning of year $184,882 · end of year $184,882

Mission and programs · 2022

Mission

THE MDS FOUNDATION IS DEDICATED TO DIRECTING ITS CHARITABLE RESOURCES TO IMPROVE THE ORAL HEALTH OF MASSACHUSETTS RESIDENTS.

  • INCREASE ACCESS TO ORAL HEALTH CARE.

    Expenses $110,025 · Grants $110,025

As filed on the 2022 return.

Listed in Part VII

  • Kevin Monteiro Cae

    EXECUTIVE DIRECTOR, CLERK

    Total calculated
    $314,804
    From this org
    $0
    From related orgs
    $292,201
    Other
    $22,603
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $0 + $246,386 related
    Bonus
    $0 + $45,815 related
    Other
    $0
    Deferred
    $0 + $19,641 related
    Nontaxable benefits
    $0 + $2,962 related
    Filer's total
    $0 + $314,804 related

  • Shannon McCarthy

    MANAGING DIRECTOR OF SALES

    Total calculated
    $143,049
    From this org
    $0
    From related orgs
    $122,033
    Other
    $21,016
    Hours/week
    35

  • Ellen Factor

    MANAGING DIRECTOR OF PRACTICE AND MEMBERSHIP

    Total calculated
    $138,983
    From this org
    $0
    From related orgs
    $128,059
    Other
    $10,924
    Hours/week
    35

  • Susan Griffin

    MANAGING DIRECTOR OF ACCOUNTING AND FINANCE

    Total calculated
    $138,795
    From this org
    $0
    From related orgs
    $125,335
    Other
    $13,460
    Hours/week
    35

  • Dorothy Powers

    DIRECTOR CONTINUING EDUCATION AND PROGRAMMING

    Total calculated
    $121,349
    From this org
    $0
    From related orgs
    $103,447
    Other
    $17,902
    Hours/week
    35

  • Robert Lewando DDS

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Jennifer Korzeb DMD

    TREASURER

    Total calculated
    $0
    Hours/week
    4 + 5 related

  • Mary Jane Hanlon DMD

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    4 + 5 related

  • Richard Loguercio DDS

    MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Janis Moriarty DMD

    MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Tofigh Raayai DMD

    MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Geraldine Garcia-Rogers DMD Ms

    MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Janice Geeah Cho DMD

    MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Katie-Rose Wagner DDS

    MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Martin Wohl DDS

    MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Edward Swiderski DDS

    MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Albert Sandler DMD

    MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Paul Gamache DMD

    MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Mary Demello DMD

    MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Charles Greffrath DMD

    MEMBER

    Total calculated
    $0
    Hours/week
    4

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
ALL COMPENSATION IS PAID BY RELATED ORGANIZATION MASSACHUSETTS DENTAL SOCIETY (MDS). MDS' EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE MDS BOARD OF TRUSTEES. ALL OTHER OFFICERS AND KEY EMPLOYEES' SALARIES OF MDS ARE DETERMINED BY THEIR EXECUTIVE DIRECTOR.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • FLORIDA DENTAL ASSOCIATION

    $35,000

    DISASTER RELIEF DONATION AFTER HURRICANE.

  • VOLUNTEERS IN MEDICINE BERKSHIRES

    $25,000

    ACCESS TO CARE GRANTS ARE DESIGNED TO HELP LARGER FACILITIES DIRECTLY ADDRESS ACCESS NEEDS IN THE COMMONWEALTH.

  • DENTAL LIFELINE NETWORK

    $12,500

    ACCESS TO CARE GRANTS ARE DESIGNED TO HELP LARGER FACILITIES DIRECTLY ADDRESS ACCESS NEEDS IN THE COMMONWEALTH.

  • HOLYOKE HEALTH CENTER

    $12,350

    ACCESS TO CARE GRANTS ARE DESIGNED TO HELP LARGER FACILITIES DIRECTLY ADDRESS ACCESS NEEDS IN THE COMMONWEALTH.

  • HARVARD ACTION FOR CHILDREN AND TEENS IN ORAL HEALTH NEED (ACTION) PROGRAM

    $10,000

    ACCESS TO CARE GRANTS ARE DESIGNED TO HELP LARGER FACILITIES DIRECTLY ADDRESS ACCESS NEEDS IN THE COMMONWEALTH.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MDS INSURANCE SERVICES

    C · INSURANCE AGENT · MA

    Directly controlled by MASSACHUSETTS DENTAL SOCIETY

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202343149349305294

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