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Nonprofiteer
← DELTA DENTAL PLAN OF COLORADO FOUNDATION INC

Form 990 for tax year 2023

Filed by DELTA DENTAL PLAN OF COLORADO FOUNDATION INC.

Totals

Total revenue
-$3,154,825
Total expenses
$8,002,847
Contributions and grants received
$0
Grants paid
$5,776,145
Program service revenue
$0
Investment income
-$3,154,825
Other revenue
$0
Total assets, end of year
$31,109,130
Total liabilities, end of year
$374,206
Net assets or fund balances, end of year
$30,734,924
Program services expenses (Part IX)
$7,054,928
Management and general expenses
$947,919
Fundraising expenses
$0
Program service expenses (Part III)
$7,054,928

Program services were 88.2% 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 $758,539 · related or exempt $12,823 · excluded $745,716

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

    securities $3,913,364

  • 7c · Gain or loss

    securities -$3,913,364

  • 7d · Net gain or loss

    total -$3,913,364 · excluded -$3,913,364

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,776,145 · program services $5,776,145

  • 5 · Compensation of officers, directors and key employees

    total $252,955 · program services $76,847 · management and general $176,108

  • 7 · Other salaries and wages

    total $735,907 · program services $717,951 · management and general $17,956

  • 11b · Fees: legal

    total $1,864 · management and general $1,864

  • 11c · Fees: accounting

    total $59,004 · management and general $59,004

  • 11f · Fees: investment management

    total $68,952 · management and general $68,952

  • 11g · Fees: other

    total $630,135 · program services $262,612 · management and general $367,523

  • 12 · Advertising and promotion

    total $198,000 · program services $99,000 · management and general $99,000

  • 13 · Office expenses

    total $9,744 · program services $8,035 · management and general $1,709

  • 14 · Information technology

    total $32,526 · management and general $32,526

  • 16 · Occupancy

    total $78,000 · program services $64,317 · management and general $13,683

  • 17 · Travel

    total $34,637 · program services $30,917 · management and general $3,720

  • 19 · Conferences, conventions and meetings

    total $14,408 · program services $11,798 · management and general $2,610

  • 24a · Other expenses: MISCELLANEOUS

    total $96,810 · program services $7,306 · management and general $89,504

  • 24b · Other expenses: FEES, LICENSES & DUES

    total $13,760 · management and general $13,760

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,381,441 · end of year $1,104,279

  • 9 · Prepaid expenses and deferred charges

    beginning of year $99,024 · end of year $40,538

  • 11 · Investments: publicly traded securities

    beginning of year $32,011,953 · end of year $27,520,589

  • 12 · Investments: other securities

    beginning of year $194,743 · end of year $72,980

  • 13 · Investments: program-related

    beginning of year $2,746,175 · end of year $2,370,744

  • 17 · Accounts payable and accrued expenses

    beginning of year $94,918 · end of year $97,277

  • 18 · Grants payable

    beginning of year $1,049,200

  • 25 · Other liabilities

    beginning of year $300,918 · end of year $276,929

  • 27 · Net assets without donor restrictions

    beginning of year $29,119,944 · end of year $24,279,135

  • 28 · Net assets with donor restrictions

    beginning of year $5,868,356 · end of year $6,455,789

Mission and programs · 2023

Mission

TO ELEVATE THE WELL-BEING OF ALL COLORADANS BY ADVANCING ORAL HEALTH EQUITY. OUR STRATEGIC FOCUS AREAS ARE ACCESS TO CARE, PREVENTION, AND CONNECTIONS TO OVERALL HEALTH.

Activities or mission (Part I)

TO ELEVATE THE WELL-BEING OF ALL COLORADAN'S BY ADVANCING ORAL HEALTH EQUITY.

  • CONNECTIONS TO OVERALL HEALTH: INCREASED DIVERSITY AND PROSPERITY IN THE ORAL HEALTH WORKFORCE, ESPECIALLY FOR BIPOC ORAL HEALTH PROFESSIONALS, AND INCREASED ACCESS TO CARE FOR ECONOMICALLY DISADVANTAGED COMMUNITIES AND COMMUNITIES OF COLOR.

    Expenses $2,765,962 · Grants $2,765,962

  • PREVENTION: INCREASED PREVENTIVE CARE UTILIZATION, IMPROVING ORAL HEALTH, AND TANGIBLY INTEGRATING ORAL HEALTH WITHIN EARLY CHILDHOOD AND MATERNAL CHILD HEALTH SETTINGS.

    Expenses $1,346,955 · Grants $1,346,955

  • ACCESS TO HEALTH: CREATING SYSTEMIC CHANGE AND EQUITABLE ADVANCEMENT IN THE COMMUNITY. INFLUENCED AND INFORMED POLICIES THAT INCREASE ACCESS TO ORAL HEALTH CARE FOR COMMUNITY MEMBERS. DEVELOPED A BLUEPRINT FOR FUTURE PROGRAMS THAT CAN BE REPLICATED BY OTHER REGIONS IN COLORADO.

    Expenses $1,102,779 · Grants $1,102,779

  • DISCRETIONARY AND POLICY GRANTS: DELTA DENTAL OF COLORADO FOUNDATION (DDCOF) GRANTEES SERVED NEARLY 100,000 COLORADANS IN 2023. GRANTEES REACHED DDCOF'S FOCUS POPULATIONS, PARTICULARLY PEOPLE OF COLOR, ECONOMICALLY DISADVANTAGED, AND RURAL COMMUNITIES. IN 2023, DDCOF GRANTEES REACHED 99,212 COLORADANS THROUGH A COMBINATION OF WORKFORCE DEVELOPMENT, PREVENTION, AND ACCESS TO CARE EFFORTS. GRANTEES FACED PERSISTENT CHALLENGES INCLUDING WORKFORCE AND CAPACITY SHORTAGES, COMMUNICATION GAPS AMONG PARTNERS, BARRIERS TO ACCESSING ORAL HEALTH CARE, AND THE NEED FOR ADDITIONAL FUNDING. DESPITE THESE CHALLENGES, GRANTEES USED SUPPORTIVE PARTNERSHIPS, STAFFING INVESTMENTS, AND COMMUNITY ENGAGEMENT AND OUTREACH TO SUSTAIN THEIR PROGRAMS AND MEET THE NEEDS OF THE COMMUNITIES THEY SERVED. WE HAVE HISTORICALLY PROVIDED MISSION RELATED INVESTMENTS (MRI LOANS) TO FUND ORAL HEALTH-RELATED CAPITAL NEEDS OF COMMUNITY-BASED DENTAL PROVIDERS, SERVICES, AND CLINICS. IN 2021 AND 2022 WE PROVIDED 2,465,000 IN MRI LOANS, TO BE SERVICED BY A THIRDPARTY NONPROFIT, TO THREE BORROWERS, ALL OF WHOM ARE NON-PROFIT DENTAL HEALTH CLINICS THAT UTILIZED LOANS FOR CAPITAL COSTS RELATED TO BUILDING AND EXPANDING DENTAL CLINICS THAT SERVE HISTORICALLY MARGINALIZED POPULATIONS. EACH OF THE LOAN BORROWERS DEMONSTRATED THAT THE PROCEEDS OF THE LOANS WILL EXPAND PHYSICAL CAPACITY AND WILL RESULT IN MORE PATIENTS RECEIVING ORAL HEALTHCARE. THESE LOANS ARE INCLUDED AS MISSION RELATED INVESTMENTS ON THE BALANCE SHEET AND WE HAD 2,215,000 IN OUTSTANDING LOANS AS OF DECEMBER 31, 2023.

    Expenses $1,839,232 · Grants $560,449 · Revenue $12,823

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • HELEN DREXLER

    BOARD MEMBER

    Total calculated
    $1,123,136
    From this org
    $53,683
    From related orgs
    $1,019,961
    Other
    $49,492
    Hours/week
    3 + 42 related

    Schedule J breakdown matched by us

    Base
    $31,544 + $599,329 related
    Bonus
    $22,139 + $420,632 related
    Other
    not reported
    Deferred
    $1,775 + $33,731 related
    Nontaxable benefits
    $699 + $13,287 related
    Filer's total
    $56,157 + $1,066,979 related

  • DR TAMANNA TIWARI

    BOARD CHAIR

    Total calculated
    $66,000
    From this org
    $0
    From related orgs
    $66,000
    Other
    $0
    Hours/week
    3 + 2 related

  • JULIE KEEGAN

    TREASURER

    Total calculated
    $16,751
    From this org
    $13,001
    From related orgs
    $3,750
    Other
    $0
    Hours/week
    4 + 2 related

  • LUELLA CHAVEZ D'ANGELO

    SECRETARY

    Total calculated
    $10,501
    From this org
    $10,501
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • JOE GARCIA

    BOARD MEMBER

    Total calculated
    $42,000
    From this org
    $0
    From related orgs
    $42,000
    Other
    $0
    Hours/week
    2 + 4 related

  • KIM KRETSCH DDS

    BOARD MEMBER

    Total calculated
    $51,750
    From this org
    $0
    From related orgs
    $51,750
    Other
    $0
    Hours/week
    3 + 2 related

  • GAYE WOODS

    BOARD MEMBER

    Total calculated
    $6,500
    From this org
    $6,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • LYDIA PRADO

    BOARD MEMBER

    Total calculated
    $8,750
    From this org
    $8,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • ANN SOMERS DDS

    BOARD MEMBER

    Total calculated
    $49,500
    From this org
    $0
    From related orgs
    $49,500
    Other
    $0
    Hours/week
    3 + 2 related

  • ANDREA YOUNG

    FORMER TRUST

    Total calculated
    $64,208
    From this org
    $0
    From related orgs
    $64,208
    Other
    $0

    Schedule J breakdown matched by us

    Base
    not reported + $64,208 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $64,208 related

  • DJ CLOSE

    ED IN JUNE/2

    Total calculated
    $153,695
    From this org
    $147,015
    From related orgs
    $0
    Other
    $6,680
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $137,015
    Bonus
    $10,000
    Other
    not reported
    Deferred
    $5,467
    Nontaxable benefits
    $1,213
    Filer's total
    $153,695

  • ADEEB KHAN

    ED THROUGH J

    Total calculated
    $472,998
    From this org
    $71,134
    From related orgs
    $373,152
    Other
    $28,712
    Hours/week
    23 + 22 related

    Schedule J breakdown matched by us

    Base
    not reported + $302,018 related
    Bonus
    $71,134 + $71,134 related
    Other
    not reported
    Deferred
    not reported + $17,286 related
    Nontaxable benefits
    not reported + $11,426 related
    Filer's total
    $71,134 + $401,864 related

  • MARA HOLIDAY

    SR. PROGRAM

    Total calculated
    $131,441
    From this org
    $113,029
    From related orgs
    $0
    Other
    $18,412
    Hours/week
    45

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4
ADEEB KHAN 131,648 0 0
SCHEDULE J, PAGE 1, PART I, LINE 5B
DELTA DENTAL OF COLORADO HAS AN INCENTIVE PLAN WHICH PROVIDES AN ANNUAL BONUS FOR ALL ELIGIBLE EMPLOYEES IF THE COMPANY REACHES CERTAIN GOALS, INCLUDING A MINIMUM NET GAIN GOAL. MANAGERS WITH STAFF AND DIRECTOR LEVEL EMPLOYEES ARE ELIGIBLE. THE COMPANY ALSO HAS A LONG-TERM INCENTIVE PROGRAM FOR EXECUTIVES, WHICH IS BASED ON BOTH A MEMBERSHIP GROWTH AND RETURN ON REVENUE FACTOR. THE LONG-TERM INCENTIVE PROGRAM HAS THREE-YEAR TARGETS AND IS PAID OUT ANNUALLY IN MARCH OF THE SUBSEQUENT YEAR.
SCHEDULE J, PAGE 1, PART I, LINE 6B
SEE NARRATIVE FOR LINE 5A ABOVE.
SCHEDULE J, PAGE 1, PART I, LINE 7
PER THE BOARD BY-LAWS, IN ADDITION TO QUARTERLY RETAINERS, BOARD MEMBERS ARE COMPENSATED FOR MEETING ATTENDANCE, SO PAYMENTS MAY VARY BASED ON THE NUMBER OF MEETINGS ATTENDED DURING THE YEAR. REASONABLE COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
23 May 2024
IRS schema version
2023v5.0
Source object
202431699349301053

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

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