Mds Foundation Inc
- Assets
- $2.0m
- Revenue
- $144.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Southborough, MA
- Founding
- 12/1999
- Data as of
- 06/2023
- EIN
- 04-3466040
Organization Overview
Mds Foundation Inc is located in Southborough, MA. The organization was established in 1999. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mds Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Mds Foundation Inc generated $144.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $123.2k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mds Foundation Inc has awarded 37 individual grants totaling $660,392. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MDS FOUNDATION IS DEDICATED TO DIRECTING ITS CHARITABLE RESOURCES TO IMPROVE THE ORAL HEALTH OF MASSACHUSETTS RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASE ACCESS TO ORAL HEALTH CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Monteiro Cae Executive Director, Clerk | OfficerTrustee | 35 | $0 |
Shannon Mccarthy Managing Director Of Sales | 35 | $0 | |
Ellen Factor Managing Director Of Practice And Membership | 35 | $0 | |
Susan Griffin Managing Director Of Accounting And Finance | 35 | $0 | |
Dorothy Powers Director Continuing Education And Programming | 35 | $0 | |
Robert Lewando DDS Chair | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,041 |
| Noncash contributions included in lines 1a–1f | $9,413 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,041 |
| Total Program Service Revenue | $0 |
| Investment income | $81,172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $144,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110,025 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,815 |
| Fees for services: Other | $81 |
| Advertising and promotion | $0 |
| Office expenses | $15 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,163 |
| All other expenses | $159 |
| Total functional expenses | $123,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $649,490 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,658 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,539 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,378,793 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $694 |
| Total assets | $2,040,174 |
| Accounts payable and accrued expenses | $1,614 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,614 |
| Net assets without donor restrictions | $1,853,678 |
| Net assets with donor restrictions | $184,882 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,040,174 |
Grants Awarded
Over the last fiscal year, Mds Foundation Inc has awarded $94,850 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HOLYOKE HEALTH CENTER PURPOSE: ACCESS TO CARE GRANTS ARE DESIGNED TO HELP LARGER FACILITIES DIRECTLY ADDRESS ACCESS NEEDS IN THE COMMONWEALTH. | $12,350 |
DENTAL LIFELINE NETWORK PURPOSE: ACCESS TO CARE GRANTS ARE DESIGNED TO HELP LARGER FACILITIES DIRECTLY ADDRESS ACCESS NEEDS IN THE COMMONWEALTH. | $12,500 |
HARVARD ACTION FOR CHILDREN AND TEENS IN ORAL HEALTH NEED (ACTION) PROGRAM PURPOSE: ACCESS TO CARE GRANTS ARE DESIGNED TO HELP LARGER FACILITIES DIRECTLY ADDRESS ACCESS NEEDS IN THE COMMONWEALTH. | $10,000 |
VOLUNTEERS IN MEDICINE BERKSHIRES PURPOSE: ACCESS TO CARE GRANTS ARE DESIGNED TO HELP LARGER FACILITIES DIRECTLY ADDRESS ACCESS NEEDS IN THE COMMONWEALTH. | $25,000 |
FLORIDA DENTAL ASSOCIATION PURPOSE: DISASTER RELIEF DONATION AFTER HURRICANE. | $35,000 |