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Nonprofiteer
← DELTA DENTAL OF MINNESOTA TRUST

Form 990 for tax year 2022

Filed by DELTA DENTAL OF MINNESOTA TRUST.

Totals

Total revenue
$11,133,016
Total expenses
$7,670,125
Contributions and grants received
$0
Grants paid
$6,793,756
Program service revenue
$0
Investment income
$11,133,016
Other revenue
$0
Total assets, end of year
$132,230,469
Total liabilities, end of year
$3,484,490
Net assets or fund balances, end of year
$128,745,979
Program services expenses (Part IX)
$6,793,756
Management and general expenses
$876,369
Fundraising expenses
$0
Program service expenses (Part III)
$6,793,756

Program services were 88.6% 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.

  • 3 · Investment income

    total $3,223,587 · excluded $3,223,587

  • 7a · Gross sales of assets other than inventory

    securities $60,059,409

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

    securities $52,149,980

  • 7c · Gain or loss

    securities $7,909,429

  • 7d · Net gain or loss

    total $7,909,429 · excluded $7,909,429

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,793,756 · program services $6,793,756

  • 5 · Compensation of officers, directors and key employees

    total $114,742 · management and general $114,742

  • 7 · Other salaries and wages

    total $188,619 · management and general $188,619

  • 8 · Pension plan contributions

    total $16,872 · management and general $16,872

  • 9 · Other employee benefits

    total $105,582 · management and general $105,582

  • 10 · Payroll taxes

    total $21,833 · management and general $21,833

  • 11b · Fees: legal

    total $16,059 · management and general $16,059

  • 11c · Fees: accounting

    total $29,880 · management and general $29,880

  • 11f · Fees: investment management

    total $301,160 · management and general $301,160

  • 12 · Advertising and promotion

    total $8,978 · management and general $8,978

  • 13 · Office expenses

    total $12,289 · management and general $12,289

  • 14 · Information technology

    total $13,802 · management and general $13,802

  • 16 · Occupancy

    total $30,076 · management and general $30,076

  • 17 · Travel

    total $82 · management and general $82

  • 23 · Insurance

    total $12,168 · management and general $12,168

  • 24a · Other expenses: BANK CHARGES

    total $4,227 · management and general $4,227

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $109,643 · end of year $230,125

  • 2 · Savings and temporary cash investments

    beginning of year $1,448,028 · end of year $1,973,173

  • 4 · Accounts receivable

    beginning of year $149,049 · end of year $30,379

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $900

  • 12 · Investments: other securities

    beginning of year $160,019,987 · end of year $129,995,892

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,833 · end of year $20,428

  • 18 · Grants payable

    beginning of year $1,325,000 · end of year $3,414,000

  • 25 · Other liabilities

    beginning of year $83,721 · end of year $50,062

  • 27 · Net assets without donor restrictions

    beginning of year $160,299,153 · end of year $128,745,979

Mission and programs · 2022

Mission

DELTA DENTAL OF MINNESOTA FOUNDATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PUBLIC HEALTH PURPOSE OF THE DELTA DENTAL SUPPORTED ORGANIZATIONS IN MINNESOTA AND INITIALLY FOR DENTAL PUBLIC HEALTH.

  • DELTA DENTAL OF MINNESOTA FOUNDATION'S (THE FOUNDATION) FOCUS IS TO PROMOTE ACCESS TO ORAL HEALTH IN MINNESOTA, WITH SPECIAL ATTENTION TO INCREASING ACCESS AMONG UNDERSERVED PERSONS, GROUPS AND COMMUNITIES. THE PRIMARY ACTION AREAS ARE: A) INCREASE ACCESS TO ORAL HEALTH BY OPTIMIZING THE CAPACITY OF THE SAFETY NET ORAL HEALTH SYSTEM; B) IMPROVE ACCESS BY ASSISTING AND EXPANDING THE ORAL HEALTH WORKFORCE TO MEET FUTURE NEEDS; AND, C) EXPAND ACCESS TO EFFECTIVE ORAL HEALTH PREVENTION AND EDUCATION SERVICES.

    Expenses $6,793,756 · Grants $6,793,756

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rodney A Young

    CEO

    Total calculated
    $2,205,617
    From this org
    $0
    From related orgs
    $2,155,976
    Other
    $49,641
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,034,794 related
    Bonus
    $0 + $1,100,682 related
    Other
    $0 + $20,500 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $31,341 related
    Filer's total
    $0 + $2,205,617 related

  • Stephanie A Albert

    PRESIDENT, EVP & CLO

    Total calculated
    $766,637
    From this org
    $0
    From related orgs
    $717,051
    Other
    $49,586
    Hours/week
    3.6 + 46.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $443,991 related
    Bonus
    $0 + $251,975 related
    Other
    $0 + $21,085 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $31,286 related
    Filer's total
    $0 + $766,637 related

  • Bruce Templeton DMD

    DIRECTOR

    Total calculated
    $366,882
    From this org
    $0
    From related orgs
    $364,000
    Other
    $2,882
    Hours/week
    0.5 + 33.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $364,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $2,882 related
    Filer's total
    $0 + $366,882 related

  • Michael W Howe

    TREASURER

    Total calculated
    $117,592
    From this org
    $0
    From related orgs
    $116,750
    Other
    $842
    Hours/week
    0.5 + 5.6 related

  • Kimberly F Price

    CHAIR

    Total calculated
    $84,842
    From this org
    $0
    From related orgs
    $84,000
    Other
    $842
    Hours/week
    1.1 + 3.3 related

  • John W Bluford

    VICE CHAIR

    Total calculated
    $41,842
    From this org
    $0
    From related orgs
    $41,000
    Other
    $842
    Hours/week
    0.5 + 2.5 related

  • Dr James R Swanstrom DDS

    SECRETARY

    Total calculated
    $40,842
    From this org
    $0
    From related orgs
    $40,000
    Other
    $842
    Hours/week
    0.5 + 2.6 related

  • Dr Lyndsay Bates DDS

    DIRECTOR

    Total calculated
    $40,363
    From this org
    $0
    From related orgs
    $39,000
    Other
    $1,363
    Hours/week
    0.5 + 2.5 related

  • Kate Mortenson

    DIRECTOR

    Total calculated
    $36,000
    From this org
    $0
    From related orgs
    $36,000
    Other
    $0
    Hours/week
    0.5 + 1.9 related

  • Tamera K Robinson

    EVP & CFO

    Total calculated
    $1,083,443
    From this org
    $0
    From related orgs
    $1,059,289
    Other
    $24,154
    Hours/week
    1.3 + 48.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $653,101 related
    Bonus
    $0 + $385,688 related
    Other
    $0 + $20,500 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $5,854 related
    Filer's total
    $0 + $1,083,443 related

  • Carol M Houghtby Watson

    VP, CAO, ASSIST. TREASURER

    Total calculated
    $470,943
    From this org
    $0
    From related orgs
    $434,418
    Other
    $36,525
    Hours/week
    0.2 + 49.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $292,142 related
    Bonus
    $0 + $108,276 related
    Other
    $0 + $34,000 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $18,225 related
    Filer's total
    $0 + $470,943 related

  • Nadia Martyn

    VP, GENERAL COUNSEL, ASSIST. SECRETARY (INS. DIV.)

    Total calculated
    $372,346
    From this org
    $0
    From related orgs
    $314,124
    Other
    $58,222
    Hours/week
    1.1 + 48.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,658 related
    Bonus
    $0 + $68,899 related
    Other
    $0 + $35,567 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $39,922 related
    Filer's total
    $0 + $372,346 related

  • Joseph P Lally Exec Dir

    VP GOVERN. RELAT. (TO 9/2022)

    Total calculated
    $670,124
    From this org
    $0
    From related orgs
    $638,775
    Other
    $31,349
    Hours/week
    16.4 + 33.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,153 related
    Bonus
    $0 + $176,714 related
    Other
    $0 + $294,908 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $13,049 related
    Filer's total
    $0 + $670,124 related

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

  • 4a · Severance or change-of-control payment
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this 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 TO THE CEO IS PAID BY STRATACOR, A RELATED ORGANIZATION. STRATACOR USES THE FOLLOWING TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - APPROVAL BY BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4A
SOME EMPLOYEES RECEIVED A SEVERANCE PAYMENT DURING THE CALENDAR YEAR. THE TERMS AND CONDITIONS OF THE CONFIDENTIAL SEVERANCE AGREEMENT ARE AVAILABLE TO THE INTERNAL REVENUE SERVICE UPON REQUEST.
PART I, LINE 5
ALL ELIGIBLE EMPLOYEES MAY PARTICIPATE IN THE EMPLOYEE INCENTIVE PLAN WHICH IS APPROVED BY THE HUMAN RESOURCES AND COMPENSATION COMMITTEE OF THE BOARD. THE 2022 PLAN ALLOWS FOR AN INCENTIVE PLAN PAYOUT BASED ON THREE COMPONENTS: THE RELATED COMPANY'S FINANCIAL PERFORMANCE, CUSTOMER AND EMPLOYEE EXPERIENCE, AND INDIVIDUAL GOALS. WITHIN THE CALCULATION OF THE RELATED COMPANY'S FINANCIAL PERFORMANCE, THERE IS A COMPONENT BASED ON REVENUE AND A COMPONENT BASED ON OPERATING EARNINGS. THE INCENTIVE AMOUNT IS BASED ON THE MATHEMATICAL CALCULATION OF THE RESULTS FOR EACH COMPONENT. FOR 2022, EACH EMPLOYEE'S AMOUNT WAS CALCULATED WITH 75% WEIGHT BASED ON THE RELATED COMPANY PERFORMANCE AND 25% WEIGHT BASED ON THEIR INDIVIDUAL PERFORMANCE.
PART I, LINE 6
ALL ELIGIBLE EMPLOYEES MAY PARTICIPATE IN THE EMPLOYEE INCENTIVE PLAN WHICH IS APPROVED BY THE HUMAN RESOURCES AND COMPENSATION COMMITTEE OF THE BOARD. THE 2022 PLAN ALLOWS FOR AN INCENTIVE PLAN PAYOUT BASED ON THREE COMPONENTS: THE RELATED COMPANY'S FINANCIAL PERFORMANCE, CUSTOMER AND EMPLOYEE EXPERIENCE, AND INDIVIDUAL GOALS. WITHIN THE CALCULATION OF THE RELATED COMPANY'S FINANCIAL PERFORMANCE, THERE IS A COMPONENT BASED ON REVENUE AND A COMPONENT BASED ON OPERATING EARNINGS. THE INCENTIVE AMOUNT IS BASED ON THE MATHEMATICAL CALCULATION OF THE RESULTS FOR EACH COMPONENT. FOR 2022, EACH EMPLOYEE'S AMOUNT WAS CALCULATED WITH 75% WEIGHT BASED ON THE RELATED COMPANY PERFORMANCE AND 25% WEIGHT BASED ON THEIR INDIVIDUAL PERFORMANCE.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • HEALTH VENTURES NETWORK

    C · VISION COVERAGE · MN

  • ABOVA INC

    C · SALE OF DENTAL PRODUCTS AND CONSULTING · DE

  • TRASKA INC

    C · BEMIDJI BUILDING HOLDING CO · DE

Provenance

Return type
form_990
Tax year
2022
Filed
26 October 2023
IRS schema version
2022v5.0
Source object
202333199349313823

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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