Totals
- Total revenue
- $239,329
- Total expenses
- $167,953
- Contributions and grants received
- $154,864
- Grants paid
- $145,677
- Program service revenue
- $0
- Investment income
- $84,465
- Other revenue
- $0
- Total assets, end of year
- $2,180,040
- Total liabilities, end of year
- $652
- Net assets or fund balances, end of year
- $2,179,388
- Program services expenses (Part IX)
- $145,677
- Management and general expenses
- $22,276
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $145,677
Program services were 86.7% 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.
-
1d · Related organizations
$75,000
-
1f · All other contributions, gifts and grants
$79,864
-
3 · Investment income
total $83,223 · excluded $83,223
-
7a · Gross sales of assets other than inventory
securities $798,439
-
7b · Less cost or other basis and sales expenses
securities $797,197
-
7c · Gain or loss
securities $1,242
-
7d · Net gain or loss
total $1,242 · excluded $1,242
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $145,677 · program services $145,677
-
11c · Fees: accounting
total $3,150 · management and general $3,150
-
11f · Fees: investment management
total $3,522 · management and general $3,522
-
11g · Fees: other
total $793 · management and general $793
-
12 · Advertising and promotion
total $49 · management and general $49
-
13 · Office expenses
total $6 · management and general $6
-
14 · Information technology
total $74 · management and general $74
-
23 · Insurance
total $2,509 · management and general $2,509
-
24a · Other expenses: BOARD DEVELOPMENT
total $5,873 · management and general $5,873
-
24b · Other expenses: EVENT
total $4,452 · management and general $4,452
-
24c · Other expenses: BANK FEES
total $1,299 · management and general $1,299
-
24d · Other expenses: AWARD RECOGNITION
total $549 · management and general $549
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $649,490 · end of year $139,751
-
4 · Accounts receivable
beginning of year $9,658 · end of year $9,658
-
9 · Prepaid expenses and deferred charges
beginning of year $1,539 · end of year $1,205
-
11 · Investments: publicly traded securities
beginning of year $1,378,793 · end of year $2,028,349
-
15 · Other assets
beginning of year $694 · end of year $1,077
-
17 · Accounts payable and accrued expenses
beginning of year $1,614 · end of year $652
-
27 · Net assets without donor restrictions
beginning of year $1,853,678 · end of year $1,994,506
-
28 · Net assets with donor restrictions
beginning of year $184,882 · end of year $184,882
Mission and programs · 2023
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 $145,677 · Grants $145,677
As filed on the 2023 return.
Listed in Part VII
-
Kevin Monteiro CaeKEVIN MONTEIRO CAE
EXECUTIVE DIRECTOR, CLERK
- Total calculated
- $360,337
- From this org
- $0
- From related orgs
- $339,606
- Other
- $20,731
- Hours/week
- 2 + 33 related
Schedule J breakdown matched by us
- Base
- $0 + $289,136 related
- Bonus
- $0 + $50,470 related
- Other
- $0
- Deferred
- $0 + $19,047 related
- Nontaxable benefits
- $0 + $1,684 related
- Filer's total
- $0 + $360,337 related
-
Robert Lewando DDSROBERT LEWANDO DDS
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer Korzeb DMDJENNIFER KORZEB DMD
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Richard Loguercio DDSRICHARD LOGUERCIO DDS
EX-OFFICIO MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Janis Moriarty DMDJANIS MORIARTY DMD
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Katie-Rose Wagner DDSKATIE-ROSE WAGNER DDS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Martin Wohl DDSMARTIN WOHL DDS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Edward Swiderski DDSEDWARD SWIDERSKI DDS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Albert Sandler DMDALBERT SANDLER DMD
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Mary Demello DMDMARY DEMELLO DMD
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Dylan Weber DDSDYLAN WEBER DDS
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
Shannon McCarthySHANNON MCCARTHY
MANAGING DIRECTOR OF YANKEE DENTAL CONGRESS AND BU
- Total calculated
- $162,653
- From this org
- $0
- From related orgs
- $132,843
- Other
- $29,810
- Hours/week
- 0 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $120,321 related
- Bonus
- $0 + $12,522 related
- Other
- $0
- Deferred
- $0 + $10,983 related
- Nontaxable benefits
- $0 + $18,827 related
- Filer's total
- $0 + $162,653 related
-
Susan GriffinSUSAN GRIFFIN
MANAGING DIRECTOR OF ACCOUNTING AND FINANCE
- Total calculated
- $155,143
- From this org
- $0
- From related orgs
- $128,987
- Other
- $26,156
- Hours/week
- 0 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $115,779 related
- Bonus
- $0 + $13,208 related
- Other
- $0
- Deferred
- $0 + $11,808 related
- Nontaxable benefits
- $0 + $14,348 related
- Filer's total
- $0 + $155,143 related
-
Ellen FactorELLEN FACTOR
MANAGING DIRECTOR OF MEMBERSHIP AND DENTAL PRACTIC
- Total calculated
- $135,479
- From this org
- $0
- From related orgs
- $124,137
- Other
- $11,342
- Hours/week
- 0 + 35 related
-
Ryan CollinsRYAN COLLINS
DIRECTOR, MARKETING
- Total calculated
- $125,655
- From this org
- $0
- From related orgs
- $112,122
- Other
- $13,533
- Hours/week
- 0 + 35 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
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
-
ACCESS TO CARE GRANTS ARE DESIGNED TO HELP LARGER FACILITIES DIRECTLY ADDRESS ACCESS NEEDS IN THE COMMONWEALTH.
-
$24,000
ACCESS TO CARE GRANTS ARE DESIGNED TO HELP LARGER FACILITIES DIRECTLY ADDRESS ACCESS NEEDS IN THE COMMONWEALTH. MASSACHUSETTS DONATED DENTAL SERVICES PROGRAM.
-
ACCESS TO CARE GRANTS ARE DESIGNED TO HELP LARGER FACILITIES DIRECTLY ADDRESS ACCESS NEEDS IN THE COMMONWEALTH. VETERANS PROGRAM.
-
$12,155
ACCESS TO CARE GRANTS ARE DESIGNED TO HELP LARGER FACILITIES DIRECTLY ADDRESS ACCESS NEEDS IN THE COMMONWEALTH.
-
ACCESS TO CARE GRANTS ARE DESIGNED TO HELP LARGER FACILITIES DIRECTLY ADDRESS ACCESS NEEDS IN THE COMMONWEALTH. AUTISM SMILES PROGRAM.
-
$10,000
ACCESS TO CARE GRANTS ARE DESIGNED TO HELP LARGER FACILITIES DIRECTLY ADDRESS ACCESS NEEDS IN THE COMMONWEALTH.
-
DONATION TO DISASTER RELIEF FUND TO AID DENTISTS WHO WERE IMPACTED BY THE WILDFIRES.
-
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.
-
501(C)(6) · PROMOTE & ADVANCE THE ART & SCIENCE OF DENTISTRY & INTEREST OF MEMBER DENTIS · MA
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
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403199349304695
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