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Nonprofiteer
← DELTA DENTAL OF MINNESOTA TRUST

Form 990 for tax year 2023

Filed by DELTA DENTAL OF MINNESOTA TRUST.

Totals

Total revenue
$5,904,942
Total expenses
$8,522,752
Contributions and grants received
$0
Grants paid
$7,280,403
Program service revenue
$0
Investment income
$5,904,942
Other revenue
$0
Total assets, end of year
$146,070,219
Total liabilities, end of year
$4,055,787
Net assets or fund balances, end of year
$142,014,432
Program services expenses (Part IX)
$7,280,403
Management and general expenses
$1,242,349
Fundraising expenses
$0
Program service expenses (Part III)
$7,280,403

Program services were 85.4% 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 $3,378,121 · excluded $3,378,121

  • 7a · Gross sales of assets other than inventory

    securities $44,083,608

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

    securities $41,556,787

  • 7c · Gain or loss

    securities $2,526,821

  • 7d · Net gain or loss

    total $2,526,821 · excluded $2,526,821

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,280,403 · program services $7,280,403

  • 5 · Compensation of officers, directors and key employees

    total $452,839 · management and general $452,839

  • 7 · Other salaries and wages

    total $282,308 · management and general $282,308

  • 8 · Pension plan contributions

    total $9,568 · management and general $9,568

  • 9 · Other employee benefits

    total $25,324 · management and general $25,324

  • 10 · Payroll taxes

    total $31,375 · management and general $31,375

  • 11b · Fees: legal

    total $31,815 · management and general $31,815

  • 11c · Fees: accounting

    total $30,848 · management and general $30,848

  • 11f · Fees: investment management

    total $286,545 · management and general $286,545

  • 13 · Office expenses

    total $3,197 · management and general $3,197

  • 14 · Information technology

    total $15,204 · management and general $15,204

  • 16 · Occupancy

    total $43,934 · management and general $43,934

  • 17 · Travel

    total $5,698 · management and general $5,698

  • 19 · Conferences, conventions and meetings

    total $2,228 · management and general $2,228

  • 23 · Insurance

    total $12,726 · management and general $12,726

  • 24a · Other expenses: MISCELLANEOUS

    total $4,470 · management and general $4,470

  • 24b · Other expenses: BANK CHARGES

    total $4,270 · management and general $4,270

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $230,125 · end of year $455,975

  • 2 · Savings and temporary cash investments

    beginning of year $1,973,173 · end of year $4,796,317

  • 4 · Accounts receivable

    beginning of year $30,379 · end of year $44,791

  • 9 · Prepaid expenses and deferred charges

    beginning of year $900 · end of year $13,400

  • 12 · Investments: other securities

    beginning of year $129,995,892 · end of year $140,759,736

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,428 · end of year $47,890

  • 18 · Grants payable

    beginning of year $3,414,000 · end of year $3,938,610

  • 25 · Other liabilities

    beginning of year $50,062 · end of year $69,287

  • 27 · Net assets without donor restrictions

    beginning of year $128,745,979 · end of year $142,014,432

Mission and programs · 2023

Mission

DELTA DENTAL OF MINNESOTA FOUNDATION MISSION IS TO IMPROVE ORAL AND OVERALL HEALTH OUTCOMES IN MINNESOTA, WHILE ADVANCING HEALTH AND SOCIAL EQUITIES.

Activities or mission (Part I)

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 HELPING MINNESOTA COMMUNITIES THRIVE BY ADDRESSING GAPS IN ORAL HEALTH, FUELING ORAL HEALTH PREVENTION AND EDUCATION, ADVANCING HEALTH EQUITY AND INCLUSION, BUILDING THE ORAL HEALTHCARE WORKFORCE FOR TOMORROW, STRENGTHENING CONNECTIONS TO COMMUNITY HEALTH AND ADVANCING ORAL HEALTH SCIENCE AND INNOVATION. THE PRIMARY ACTION AREAS ARE: A) SUPPORTING COMMUNITIES IN FOSTERING AND EXPERIENCING CULTURES OF GOOD ORAL AND OVERALL HEALTH; B) IMPROVING ACCESS TO AGE-APPROPRIATE ORAL HEALTH SERVICES FOR ALL CHILDREN; C) SUPPORTING THE DELIVERY OF ORAL HEALTH CARE BY SUSTAINABLE, INTERPROFESSIONAL AND CULTURALLY SKILLED TEAMS; AND (D) SUPPORTING RESEARCH INVESTIGATING CLINICALLY SIGNIFICANT ADVANCEMENTS TO ORAL HEALTH SCIENCE AND INNOVATION.

    Expenses $7,280,403 · Grants $7,280,403 · Revenue $5,904,942

As filed on the 2023 return.

Listed in Part VII

  • Rodney A Young

    CEO & DIRECTOR

    Total calculated
    $2,561,301
    From this org
    $0
    From related orgs
    $2,510,954
    Other
    $50,347
    Hours/week
    0.6 + 49.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,154,461 related
    Bonus
    $0 + $1,333,993 related
    Other
    $0 + $22,500 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $30,547 related
    Filer's total
    $0 + $2,561,301 related

  • Stephanie A Albert

    PRESIDENT & DIRECTOR

    Total calculated
    $947,572
    From this org
    $0
    From related orgs
    $898,305
    Other
    $49,267
    Hours/week
    11.7 + 38.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $496,845 related
    Bonus
    $0 + $378,960 related
    Other
    $0 + $22,500 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $29,467 related
    Filer's total
    $0 + $947,572 related

  • Kimberly F Price

    CHAIR

    Total calculated
    $84,073
    From this org
    $0
    From related orgs
    $83,000
    Other
    $1,073
    Hours/week
    1.1 + 3.7 related

  • John W Bluford

    VICE CHAIR

    Total calculated
    $45,073
    From this org
    $0
    From related orgs
    $44,000
    Other
    $1,073
    Hours/week
    0.5 + 2.8 related

  • Lyndsay Bates DDS

    SECRETARY

    Total calculated
    $39,820
    From this org
    $0
    From related orgs
    $38,000
    Other
    $1,820
    Hours/week
    0.5 + 2.8 related

  • Bruce Templeton DMD

    TREASURER

    Total calculated
    $364,113
    From this org
    $0
    From related orgs
    $361,000
    Other
    $3,113
    Hours/week
    3.5 + 29.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $361,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,113 related
    Filer's total
    $0 + $364,113 related

  • Susan C Anderson

    DIRECTOR

    Total calculated
    $37,073
    From this org
    $0
    From related orgs
    $36,000
    Other
    $1,073
    Hours/week
    0.2 + 2.5 related

  • Kate Mortenson

    DIRECTOR

    Total calculated
    $35,000
    From this org
    $0
    From related orgs
    $35,000
    Other
    $0
    Hours/week
    0.5 + 2.2 related

  • Tamera K Robinson

    EVP & CFO

    Total calculated
    $1,345,770
    From this org
    $0
    From related orgs
    $1,320,859
    Other
    $24,911
    Hours/week
    0.4 + 49.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $743,737 related
    Bonus
    $0 + $554,622 related
    Other
    $0 + $22,500 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $5,111 related
    Filer's total
    $0 + $1,345,770 related

  • James R Swanstrom DDS

    SECRETARY (THROUGH 12/2023)

    Total calculated
    $39,073
    From this org
    $0
    From related orgs
    $38,000
    Other
    $1,073
    Hours/week
    0.5 + 2.2 related

  • Michael W Howe

    TREASURER (THROUGH 12/2023)

    Total calculated
    $86,073
    From this org
    $0
    From related orgs
    $85,000
    Other
    $1,073
    Hours/week
    0.5 + 5 related

  • Carol M Houghtby Watson

    VP, CAO, ASST TREASURER

    Total calculated
    $551,257
    From this org
    $0
    From related orgs
    $514,703
    Other
    $36,554
    Hours/week
    0.3 + 49.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $344,458 related
    Bonus
    $0 + $147,745 related
    Other
    $0 + $22,500 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $16,754 related
    Filer's total
    $0 + $551,257 related

  • Nadia Martyn

    VP , GENERAL COUNSEL, ASSIST. SECRETARY

    Total calculated
    $472,008
    From this org
    $0
    From related orgs
    $408,577
    Other
    $63,431
    Hours/week
    1.3 + 48.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $280,986 related
    Bonus
    $0 + $111,225 related
    Other
    $0 + $16,366 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $43,631 related
    Filer's total
    $0 + $472,008 related

  • Sharon Oswald

    AVP, DDMN FOUNDATION & COMM

    Total calculated
    $206,988
    From this org
    $0
    From related orgs
    $182,285
    Other
    $24,703
    Hours/week
    33.6 + 6.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,547 related
    Bonus
    $0 + $32,738 related
    Other
    $0
    Deferred
    $0 + $11,163 related
    Nontaxable benefits
    $0 + $13,540 related
    Filer's total
    $0 + $206,988 related

  • John R Howe

    SR DIRECTOR, FOUNDATION

    Total calculated
    $172,072
    From this org
    $0
    From related orgs
    $150,271
    Other
    $21,801
    Hours/week
    19.4 + 20.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,408 related
    Bonus
    $0 + $3,863 related
    Other
    $0
    Deferred
    $0 + $9,232 related
    Nontaxable benefits
    $0 + $12,569 related
    Filer's total
    $0 + $172,072 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

  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings

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
  • 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 IS PAID BY STRATACOR OR ABOVA TALENT, BOTH RELATED ORGANIZATIONS. STRATACOR AND ABOVA TALENT USE 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 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 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 2023, 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 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 2023, 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
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349304347

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

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