Delta Dental Of Rhode Island
- Assets
- $130.0m
- Revenue
- $119.7m
- Investments
- $25.2m
- Employees
- 59
- Location
- Providence, RI
- Founding
- 00/0000
- Data as of
- 12/2019
- EIN
- 05-0296998
Organization Overview
Delta Dental Of Rhode Island is located in Providence, RI. The organization was established in 0000. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 12/2019, Delta Dental Of Rhode Island employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Delta Dental Of Rhode Island generated $119.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $115.6m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Delta Dental Of Rhode Island has awarded 163 individual grants totaling $6,482,502. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COST EFFECTIVE GROUP DENTAL INSURANCE TO THE RHODE ISLAND BUSINESS COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DENTAL BENEFITS FOR 581,693 MEMBERS UNDER 285,096 CONTRACTS. THE COMPANY OFFERS A BROAD RANGE OF PREPAID DENTAL CARE COVERAGE OPTIONS AND ADMINISTRATIVE SERVICES TO ORGANIZATIONS PROVIDING SUCH BENEFITS TO THEIR EMPLOYEES ON A CONTRIBUTORY OR A NONCONTRIBUTORY BASIS.
AT DELTA DENTAL, WE HAVE A LONG-STANDING TRADITION OF HELPING OUR STATE'S MOST VULNERABLE CITIZENS. IN 2005, WE ESTABLISHED THE DELTA DENTAL OF RHODE ISLAND FUND, FORMALIZING OUR COMMITMENT TO DENTAL HEALTH INITIATIVES IN OUR COMMUNITY. AS A VESTED COMMUNITY PARTNER, WE LEVERAGE THE DELTA DENTAL OF RHODE ISLAND FUND, AS WELL AS OUR ROBUST EMPLOYEE VOLUNTEER PROGRAM, AND MATCHING GIFT PROGRAM TO SUPPORT CRITICAL ORAL HEALTH NEEDS ACROSS THE STATE. GRANTS ARE AWARDED TO QUALIFYING CHARITABLE ORGANIZATIONS FOR PROGRAMS OR CAPITAL EXPENDITURES THAT INCREASE ACCESS TO DENTAL CARE FOR AT-RISK, VULNERABLE RHODE ISLANDERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Nagle Thru 06 Former CEO & President | Officer | 40 | $1,086,822 |
Joseph Perroni CEO & President (as Of 7/2019) | Officer | 40 | $473,830 |
Richard Fritz CFO & Sr VP Finance | Officer | 40 | $403,352 |
Wendy Duncan VP - Chief Marketing Officer | Officer | 40 | $338,624 |
Angelo Pezzulo Director Major Accounts | 40 | $201,087 | |
Timothy Fitzgibbons Sr. Director Actuarial | 40 | $186,534 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grant Thornton Llp Audit/tax Services | 12/30/19 | $315,569 |
Cathedral Corporation Printing & Mail Serv | 12/30/19 | $286,958 |
Edgewater Fullscope Inc It-product Develop | 12/30/19 | $299,296 |
Duffy Shanleyinc Marketing Services | 12/30/19 | $387,368 |
Netcenergy Llc It-consulting Serv | 12/30/19 | $248,788 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $117,348,071 |
| Investment income | $2,121,608 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,951 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $119,653,350 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,626,179 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $92,152,879 |
| Compensation of current officers, directors, key employees. | $3,096,179 |
| Compensation of current officers, directors, key employees. | $2,559,053 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,978,082 |
| Pension plan accruals and contributions | $414,535 |
| Other employee benefits | $472,353 |
| Payroll taxes | $745,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $146,033 |
| Fees for services: Accounting | $486,041 |
| Fees for services: Lobbying | $63,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $451,900 |
| Fees for services: Other | $841,009 |
| Advertising and promotion | $425,841 |
| Office expenses | $782,782 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $999,901 |
| Travel | $144,182 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,220 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $353,214 |
| Insurance | $167,269 |
| All other expenses | $192,414 |
| Total functional expenses | $115,619,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250 |
| Savings and temporary cash investments | $8,312,406 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,291,445 |
| 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 | $3,748,303 |
| Net Land, buildings, and equipment | $1,231,101 |
| Investments—publicly traded securities | $81,543,267 |
| Investments—other securities | $25,240,512 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $590,453 |
| Total assets | $129,957,737 |
| Accounts payable and accrued expenses | $19,610,196 |
| 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 | $6,328,949 |
| Total liabilities | $25,939,145 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $104,018,592 |
| Total liabilities and net assets/fund balances | $129,957,737 |
Grants Awarded
Over the last fiscal year, Delta Dental Of Rhode Island has awarded $3,510,973 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Providence, RI PURPOSE: PROGRAM SUPPORT | $3,025,000 |
Providence, RI PURPOSE: PROGRAM SUPPORT | $103,330 |
Providence, RI PURPOSE: PROGRAM SUPPORT | $68,500 |
Providence, RI PURPOSE: PROGRAM SUPPORT | $52,123 |
Woonsocket, RI PURPOSE: PROGRAM SUPPORT | $26,500 |
Providence, RI PURPOSE: PROGRAM SUPPORT | $25,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dental Service Of Massachusetts Inc Boston, MA | $179,977,314 | $297,831,097 |
Delta Dental Of Rhode Island Providence, RI | $129,957,737 | $119,653,350 |
International Union Of Operating Engineers Welfare Fund 478 Hamden, CT | $119,120,367 | $60,365,640 |
Carepartners Of Connecticut Inc Watertown, MA | $11,608,174 | $2,985,821 |
T1d Exchange Inc Boston, MA | $10,850,233 | $920,513 |
Community Health Center Association Of Connecticut Inc Cheshire, CT | $3,103,096 | $8,004,169 |
New England Healthcare Exchange Network Inc Waltham, MA | $1,125,446 | $5,189,376 |
Mercy Specialist Physicians Inc Hartford, CT | $1,218,340 | $2,475,897 |
Massachusetts Association Of Health Boards Inc Wellesley Hills, MA | $872,591 | $3,657,088 |
Fishing Partnership Health Plan Corporation Burlington, MA | $1,750,276 | $2,197,027 |
Pharos Global Health Advisors Ltd Boston, MA | $610,522 | $1,448,272 |
Cornelia De Lange Syndrome Foundation Inc Avon, CT | $2,448,230 | $2,289,148 |