Minnesota Dental Foundation Inc
- Assets
- $2.1m
- Revenue
- $762.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 03/2002
- Data as of
- 12/2021
- EIN
- 41-1927049
Organization Overview
Minnesota Dental Foundation Inc is located in Minneapolis, MN. The organization was established in 2002. 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. Minnesota 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 12/2021, Minnesota Dental Foundation Inc generated $762.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $238.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Minnesota Dental Foundation Inc has awarded 24 individual grants totaling $819,522. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE VISION OF THE MINNESOTA DENTAL FOUNDATION IS TO ELIMINATE UNMET ORAL HEALTH NEEDS IN MN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE GIVEN TO BOARD-APPROVED ORGANIZATIONS THAT HAVE AN INTEREST IN IMPROVING THE ORAL HEALTHCARE OF THE UNDERSERVED IN MINNESOTA. THESE GRANTS INCLUDED COMMUNITY AND VOLUNTEER DENTAL CLINICS THROUGHOUT THE STATE, NON-DENTAL NOT FOR PROFIT ORGANIZATIONS THAT HAVE AN INTEREST IN ORAL HEALTHCARE, AS WELL AS THOSE NOT FOR PROFIT CLINICS INVOLVED IN THE NATIONALLY RECOGNIZED GIVE KIDS A SMILE PROGRAM IN FEBRUARY.
TWO SIGNIFICANT PROGRAMS HELP THE UNDERSERVED ACCESS FREE DENTAL CARE. THE MINNESOTA MISSION OF MERCY PROJECT PROVIDES FREE DENTAL CARE TO PATIENTS OVER A WEEKEND VISITING A DIFFERENT CITY IN MINNESOTA EACH YEAR. THE DONATED DENTAL SERVICES PROVIDE ELDERLY, DISABLED OR MEDICALLY FRAGILE INDIVIDUALS WHO COULD NOT AFFORD NEEDED DENTISTRY WITH FREE DENTAL CARE IN PRIVATE DENTAL OFFICES THROUGHOUT THE YEAR. A SECOND PROGRAM IS THE MINNESOTA HEROES ORTHODONTIC PROGRAM WHICH PROVIDES FREE ORTHODONTIC CARE TO CHILDREN AND SPOUSES OF GOLD STAR FAMILIES.
EDUCATION LOAN FORGIVENESS MONIES WERE GIVEN TO TWO DENTISTS WHO HAVE AGREED TO PRACTICE IN THE TACONITE ASSISTANCE AREA OF NORTHEASTERN MINNESOTA FOR AT LEAST FIVE YEARS TO HELP WITH ACCESS TO DENTAL SERVICES IN THAT PART OF THE STATE. THE FOUNDATION ALSO ADVISED THE DELTA DENTAL OF MINNESOTA FOUNDATION IN CREATING A PROGRAM TO HELP REPAY EDUCATIONAL LOANS FOR RECIPIENTS PRACTICING IN A RURAL HEALTH PROFESSIONS SHORTAGE AREA (HPSA) FOR FIVE YEARS.
THE MINNESOTA DENTAL FOUNDATION OVERSEES A PROGRAM WHICH HELPS RETIRED DENTISTS MAINTAIN THEIR DENTAL LICENSE AS LONG AS THEY ARE NOT RECEIVING ANY INCOME FROM DENTISTRY AND AGREE TO ONLY PROVIDE DENTISTRY TO THE UNDERSERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Laura Eng Secretary | OfficerTrustee | 1 | $0 |
Dr Michael A Kurkowski Treasurer | OfficerTrustee | 1 | $0 |
Dr Stephen F Litton President | OfficerTrustee | 25 | $0 |
Carmelo Cinqueonce MBA Exec Director, Mn Dental Assn | Officer | 1 | $0 |
Dr Amber Cziok Director | Trustee | 1 | $0 |
Dr Kirsten Langguth Director | Trustee | 1 | $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 | $743,570 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $743,570 |
| Total Program Service Revenue | $0 |
| Investment income | $19,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $762,785 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $135,397 |
| Grants and other assistance to domestic individuals. | $48,800 |
| 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 | $8,155 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,000 |
| Advertising and promotion | $1,645 |
| Office expenses | $8,542 |
| Information technology | $3,916 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $238,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,430,525 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,006 |
| 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 | $27,684 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $611,380 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $2,080,095 |
| Accounts payable and accrued expenses | $1,201 |
| 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 | $1,201 |
| Net assets without donor restrictions | $1,103,766 |
| Net assets with donor restrictions | $975,128 |
| 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 | $2,080,095 |
Grants Awarded
Over the last fiscal year, Minnesota Dental Foundation Inc has awarded $96,636 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: SUPPORT MN DONATED DENTAL SERVICES PROGRAM. | $84,136 |
St Paul, MN PURPOSE: TO PURCHASE DENTAL EQUIPMENT AND FUND THE ST. PAUL DENTAL CONNECT PROJECT. | $7,000 |
Minneapolis, MN PURPOSE: GIVE KIDS A SMILE-FREE DENTAL CARE PROGRAM FOR CHILDREN IN NEED | $5,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Minnesota Dental Foundation Inc has recieved totaling $10,390.
| Awarding Organization | Amount |
|---|---|
Oral Health Foundation Of The Pierre Fauchard Academy Reston, VA PURPOSE: DENTAL PROGRAM | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $390 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Team Makers Club Inc Fargo, ND | $24,927,572 | $16,460,437 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |