Eighth District Dental Foundation Inc
- Assets
- $459.9k
- Revenue
- $101.7k
- Investments
- $46.0k
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 05/1962
- Data as of
- 12/2023
- EIN
- 16-6033033
Organization Overview
Eighth District Dental Foundation Inc is located in Buffalo, NY. The organization was established in 1962. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eighth District Dental 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 12/2023, Eighth District Dental Foundation Inc generated $101.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $100.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE ITS MEMBERS AND PUBLIC THROUGH EDUCATION AND PUBLICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATION FOR MEMBERS OF THE EIGHTH DISTRICT DENTAL SOCIETY BY OFFERING SEMINARS AND CONFERENCES.
TO SERVE MEMBERS AND THE PUBLIC THROUGH EDUCATION PUBLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Joshua Hutter Director | Trustee | 2 | $0 |
Dr Joseph Modica Treasurer | OfficerTrustee | 2 | $0 |
Dr Paul Creighton Director | Trustee | 2 | $0 |
Dr Kevin D'angelo Director | Trustee | 2 | $0 |
Dr Patricia Haberman Director | Trustee | 2 | $0 |
Dr Joseph Gambacorta Ex Officio/director | Trustee | 2 | $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 | $790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $790 |
| Total Program Service Revenue | $19,245 |
| Investment income | $3,569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,000 |
| Net Gain/Loss on Asset Sales | -$60 |
| Net Income from Fundraising Events | $36,193 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $101,737 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,700 |
| 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 | $12,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $450 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,376 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,694 |
| 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 | $14,926 |
| Insurance | $0 |
| All other expenses | $12,620 |
| Total functional expenses | $100,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,639 |
| Savings and temporary cash investments | $1,101 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,616 |
| 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 | $500 |
| Net Land, buildings, and equipment | $269,735 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $46,019 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,292 |
| Total assets | $459,902 |
| Accounts payable and accrued expenses | $4,377 |
| Grants payable | $0 |
| Deferred revenue | $23,593 |
| 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 | $257,953 |
| Total liabilities | $285,923 |
| Net assets without donor restrictions | $173,979 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $459,902 |
Grants Awarded
Over the last fiscal year, Eighth District Dental Foundation Inc has awarded $60,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE NEW YORK STATE DENTAL ASSOCIATION PURPOSE: ASSIST WITH ADA CAMPAIGN FUND | $20,000 |
UNIVERSITY AT BUFFALO FOUNDATION PURPOSE: ASSIST WITH PURCHASE OF MOBILE VAN UNIT. | $30,000 |
GOOD NEIGHBORS DENTAL CLINIC PURPOSE: ASSIST WITH DENTAL OPERATORY UNIT | $10,000 |