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Nonprofiteer
← SMILE 180 FOUNDATION

Form 990 for tax year 2022

Filed by SMILE 180 FOUNDATION.

Totals

Total revenue
$6,050,593
Total expenses
$4,956,772
Contributions and grants received
$5,495,000
Grants paid
$4,819,469
Program service revenue
$0
Investment income
$555,593
Other revenue
$0
Total assets, end of year
$33,753,669
Total liabilities, end of year
$543,040
Net assets or fund balances, end of year
$33,210,629
Program services expenses (Part IX)
$4,819,469
Management and general expenses
$137,303
Fundraising expenses
$0
Program service expenses (Part III)
$4,819,469

Program services were 97.2% 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.

  • 1d · Related organizations

    $4,495,000

  • 1e · Government grants (contributions)

    $1,000,000

  • 3 · Investment income

    total $453,615 · excluded $453,615

  • 7a · Gross sales of assets other than inventory

    securities $3,176,327

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

    securities $3,074,349

  • 7c · Gain or loss

    securities $101,978

  • 7d · Net gain or loss

    total $101,978 · excluded $101,978

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,819,469 · program services $4,819,469

  • 11a · Fees: management

    total $15,268 · management and general $15,268

  • 11c · Fees: accounting

    total $20,350 · management and general $20,350

  • 11f · Fees: investment management

    total $94,068 · management and general $94,068

  • 23 · Insurance

    total $7,617 · management and general $7,617

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,517,101 · end of year $5,825,370

  • 4 · Accounts receivable

    end of year $500,000

  • 9 · Prepaid expenses and deferred charges

    end of year $250,000

  • 11 · Investments: publicly traded securities

    beginning of year $28,452,037 · end of year $27,106,822

  • 15 · Other assets

    beginning of year $59,261 · end of year $71,477

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,302 · end of year $23,390

  • 18 · Grants payable

    beginning of year $57,174 · end of year $519,650

  • 27 · Net assets without donor restrictions

    beginning of year $35,724,740 · end of year $32,439,373

  • 28 · Net assets with donor restrictions

    beginning of year $229,183 · end of year $771,256

Mission and programs · 2022

Mission

SEE SCHEDULE OOUR MISSION IS TO PROVIDE SUPPORTING, SPONSORING, AND FUNDING PROGRAMS AND INITIATIVES THAT PROMOTE ORAL HEALTHCARE AND EDUCATIONAL PROGRAMS TO CLINICS AND HOSPITALS THAT EXTEND THE BENEFITS OF DENTISTRY TO THE INDIGENT AND OTHER GROUPS FOUND TO BE DENTALLY DEPRIVED OR UNDERSERVED, AND ALSO PROVIDES EDUCATIONAL RESEARCH PROGRAMS THAT ADVANCE THE SCIENCE OF DENTISTRY.

Activities or mission (Part I)

OUR MISSION IS TO PROVIDE SUPPORTING, SPONSORING, AND FUNDING PROGRAMS AND INITIATIVES THAT PROMOTE ORAL HEALTHCARE AND EDUCATIONAL PROGRAMS TO CLINCS AND HOSPITALS THAT EXTEND THE BENEFITS OF DENTISTRY TO THE INDIGENT AND OTHER GROUPS FOUND TO BE DENTALLY DEPRIVED OR UNDERSERVED, AND ALSO PROVIDES EDUCATIONAL RESEARCH PROGRAMS THAT ADVANCE THE SCIENCE OF DENTISTRY.

  • SMILE 180 FOUNDATION (THE "FOUNDATION"), LOCATED IN NASHVILLE, TENNESSEE, IS ORGANIZED TO ENHANCE THE QUALITY OF LIFE FOR THE PUBLIC AND DENTAL COMMUNITIES IN THE STATE OF TENNESSEE AND BEYOND. THE FOUNDATION PROVIDES SUPPORTING, SPONSORING, AND FUNDING PROGRAMS AND INITIATIVES THAT PROMOTE ORAL HEALTHCARE AND EDUCATIONAL PROGRAMS TO CLINICS AND HOSPITALS THAT EXTEND THE BENEFITS OF DENTISTRY TO THE INDIGENT AND OTHER GROUPS FOUND TO BE DENTALLY DEPRIVED OR UNDERSERVED, AND EDUCATIONAL RESEARCH PROGRAMS THAT ADVANCE THE SCIENCE OF DENTISTRY. THE FOUNDATION WAS ORGANIZED ON AUGUST 8, 2014.THE FOUNDATION DOES THIS THROUGH THE SUPPORT OF DELTA DENTAL OF TENNESSEE.

    Expenses $4,361,369 · Grants $4,361,369

  • DURING 2016, THE FOUNDATION BEGAN THE PROSTHODONTIC INITIATIVE PLAN, WHICH WAS PUT INTO PLACE TO PROVIDE REMOVABLE PROSTHODONTICS FOR INDIVIDUALS THAT MEET CERTAIN ELIGIBILITY CRITERIA. AS A RESULT, THE FOUNDATION RECEIVED $750,000 OF CONTRIBUTIONS FROM THE STATE OF TENNESSEE IN 2016 TO FUND THIS INITIATIVE. THE FOUNDATION RECEIVED ADDITIONAL CONTRIBUTIONS FROM THE STATE OF TENNESSEE TO CONTINUE FUNDING THIS INITIATIVE OF $500,000 IN 2018, $750,000 IN 2019, $500,000 IN 2021, AND $1,000,000 IN 2022. THERE WERE NO ADDITIONAL FUNDS RECEIVED IN 2020.

    Expenses $458,100 · Grants $458,100 · Revenue $1,000,000

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

Listed in Part VII

  • Dr Phillip A Wenk

    PRESIDENT/CEO

    Total calculated
    $1,644,746
    From this org
    $0
    From related orgs
    $1,587,915
    Other
    $56,831
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $830,077 related
    Bonus
    $0 + $737,069 related
    Other
    $0 + $20,769 related
    Deferred
    $0 + $39,650 related
    Nontaxable benefits
    $0 + $17,181 related
    Filer's total
    $0 + $1,644,746 related

  • Jeremy Park

    DIRECTOR

    Total calculated
    $22,701
    From this org
    $1,500
    From related orgs
    $21,201
    Other
    $0
    Hours/week
    1 + 1 related

  • Theresa Carl

    DIRECTOR

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John Collier

    DIRECTOR

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Frank Parsons

    DIRECTOR

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Richard Pinson

    DIRECTOR

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Dr Christina Rosenthal

    DIRECTOR

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
COMPENSATION OF THE CEO IS DETERMINED BY A RELATED ORGANIZATION, DELTA DENTAL OF TENNESSEE. DELTA DENTAL OF TENNESSEE USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: COMPENSATION STUDY BY AN INDEPENDENT CONSULTANT, AND APPROVAL BY THE EXECUTIVE COMMITTEE.
PART I, LINE 4B
THE RELATED ORGANIZATION, DELTA DENTAL OF TENNESSEE, HAS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN UNDER SEC. 457(F) FOR CERTAIN EXECUTIVE EMPLOYEES. UPON SEVERANCE FROM SERVICE PRIOR TO ATTAINMENT OF NORMAL RETIREMENT AGE, THE PARTICIPANT SHALL FORFEIT INELIGIBLE AMOUNTS IN THE PLAN UNLESS SUCH SEVERANCE IS DUE TO DEATH, DISABILITY OR INVOLUNTARY TERMINATION WITHOUT CAUSE. IN 2022, THERE WERE NO PAYMENTS RECEIVED FROM THIS PLAN.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • RED CEDAR INVESTMENT MANAGEMENT LLC

    CAPITAL MANAGEMENT · MI

Related corporations and trusts

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

  • DENTAL CHOICE AGENCY INC

    C · PRIMARY GENERAL AGENCY FOR DDKY & DENTAL CHOICE · KY

  • DENTAL CHOICE INC

    C · PROVIDE DENTAL SERVICE PLANS · KY

  • DEWPOINT INC

    C · IT CONSULTING · MI

  • FORE HOLDING CORPORATION

    C · HOLDING COMPANY · TN

  • OMEGA ADMINISTRATORS INC

    C · PROVIDING THIRD-PARTY ADMINISTRATIVE SERVICES · AR

  • RENAISSANCE HOLDING COMPANY

    C · HOLDING COMPANY · MI

  • RENAISSANCE LIFE & HEALTH INSURANCE COMPANY OF AMERICA

    C · INSURANCE · IN

  • RENAISSANCE LIFE & HEALTH INSURANCE COMPANY OF NEW YORK

    C · INSURANCE · NY

  • THE 4100 GROUP

    C · INVESTMENT IN SUBSIDIARIES · MI

  • DENTAL CHOICE ANCILLARY INC

    C · PROVIDE DENTAL SERVICE PLANS · KY

  • ANCILLARY CHOICE LIFE INC

    C · INSURANCE · KY

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202303189349303815

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