philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Mds Foundation INC FY2024 filing

Tax-deductible

Southborough, MA501(c)(3)Foundations & Grantmakers EIN 04-3466040Revenue $239K in FY2024

On file with the IRSmassdental.org2 Willow St Ste 200, 01745-1020 · Southborough, MATax-exempt since Dec 1999Publicly supported — 509(a)(2)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The Mds Foundation is dedicated to directing its charitable resources to improve the oral health of massachusetts residents.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 7
filings with a surplus
Average surplus $18K a year · 3% of revenue · last 7 filings
Fine: a surplus in 6 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Plus $2.0M in investments, Pt X · Ln 11–13
Looks good: 10.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $48K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$652
0.03% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$239K
+66% vs prior year
Spent
$168K
To programs
87%
Net assets
$2.2M
By yearFY2019–FY2025
Revenue
$239K
FY2024▲ +66%
Tap a bar for its year
Revenue by fiscal year
FY2019$148K
FY2020$3.3M
FY2021$152K
FY2022$147K
FY2023$145K
FY2024$239K
FY2025$313K
Expenses
$168K
FY2024▲ +36%
Tap a bar for its year
Expenses by fiscal year
FY2019$111K
FY2020$624K
FY2021$2.9M
FY2022$106K
FY2023$123K
FY2024$168K
FY2025$235K
Net assets
$2.2M
FY2024▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2019$2.2M
FY2020$4.8M
FY2021$2.2M
FY2022$2.0M
FY2023$2.0M
FY2024$2.2M
FY2025$2.3M

From the FY2024 Form 990 (year ending June 2024) · see the original

Give Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $146K Management & general 13% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Kevin Monteiro Cae
Executive Director, Clerk
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Richard Loguercio DDS
Ex-Officio Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mds Foundation INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves oral health for Massachusetts residents through charitable resources.

Questions for Mds Foundation INC

Tap to ask. Mds Foundation INC sees how many people are interested.

Your first name shows with your question. Mds Foundation INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $146K · in their own filed words · FY2023
01

Increase access to oral health care.

$146Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Alan K and Isabelle Derkazarian FoundationFY2024$30K
Amy Beck Charitable FoundationFY2024$10K
Tenzer Fam Foudnation Established 12202012 as a Wholly Charitable TrFY2024$5K
Steger Family Foundation INCFY2024$2K
Good Shepherd Fund-Ima-MainFY2024$1K
Podolsky Family FoundationFY2024$500
Total grants receivedfrom 6 funders$48K
See all 6 funders →
Grants paid · 44 grants · $689K · 2018–2024
Volunteers in Medicine Berkshires INCMA · FY2024$20,000
California Dental Association FoundationCA · FY2024$15,000
Georgia Dental Association Foundation for Oral Health INCGA · FY2024$15,000
Tda Relief Fund-Tsda 2104 Sunset PlaceTN · FY2024$15,000
North Carolina Dental Society Foundation INCNC · FY2024$15,000
Florida Dental Association Foundation INCFL · FY2024$15,000
Trustees of Tufts CollegeMA · FY2024$15,000
Dental Lifeline NetworkCO · FY2024$15,000
Hillcrest Dental Care INCMA · FY2024$15,000
BhchpMA · FY2024$12,500
Massachusetts Dental SocietyMA · FY2024$10,000
Smiles for Success FoundationFL · FY2024$10,000
Cambridge Public Health DepartmentFY2024$7,000
President and Fellows of Harvard CollegeMA · FY2024$6,000
Neighborhealth CorporationMA · FY2024$5,794
Volunteers in Medicine Berkshires INCMA · FY2023$25,000
Dental Lifeline NetworkCO · FY2023$24,000
Trustees of Tufts CollegeMA · FY2023$15,000
See all 44 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$239K
Ln 12
Gifts and grantsLn 1h$155K
Investment incomeLn 3$84K
Money outPt IX
$168K
Ln 25
Programscol B$146K
Managementcol C$22K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$140K
Total assetsLn 16$2.2M
LiabilitiesLn 26$652
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$155K
Investment incomeLn 3$84K
Gains on assetsLn 7$1K
Total revenueLn 12$239K
Assets in detailPt X, end of year
CashLn 1$140K
Cash and savings togetherLn 1–2$140K
InvestmentsLn 11–13$2.0M
Other assetsLn 15$1K
Total assetsLn 16$2.2M
LiabilitiesLn 26$652
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$649K$140K
InvestmentsLn 11–13$1.4M$2.0M
Total assetsLn 16$2.0M$2.2M
LiabilitiesLn 26$2K$652
Net assetsLn 32$2.0M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$146K$146K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$793$793
Advertising and promotionLn 12$49$49
Office expensesLn 13$6$6
Information technologyLn 14$74$74
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$12K$12K
Total functional expensesLn 25$168K$146K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $313K$235K$79K$2.3M 990 PDF
FY2024 Viewing $239K$168K$71K$2.2M 990 PDF
FY2023 $145K$123K$21K$2.0M 990 PDF
FY2022 $147K$106K$41K$2.0M 990 PDF
FY2021 $152K$2.9M−$2.8M$2.2M 990 PDF
FY2020 $3.3M$624K$2.6M$4.8M 990 PDF
FY2019 $148K$111K$37K$2.2M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $239,329 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $63,041$154,864
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $81,472$84,465
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $144,513$239,329
I-13 Grants and similar amounts paidPrior year $110,025$145,677
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $13,132$22,276
I-18 Total expensesPrior year $123,157$167,953
I-19 Revenue less expensesPrior year $21,356$71,376
Part VI · Governance 10 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $239,329 across 6 lines filed
VIII-1d Related organizations$75,000
VIII-1f All other contributions, gifts and grants$79,864
VIII-1h Total contributions, gifts and grants$154,864
VIII-3 Investment incomeExcluded from tax $83,223$83,223
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,242$1,242
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $84,465$239,329
Part IX · Statement of functional expenses $167,953 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $145,677$145,677
IX-11c Accounting feesManagement $3,150$3,150
IX-11f Investment management feesManagement $3,522$3,522
IX-11g Other fees for servicesManagement $793$793
IX-12 Advertising and promotionManagement $49$49
IX-13 Office expensesManagement $6$6
IX-14 Information technologyManagement $74$74
IX-23 InsuranceManagement $2,509$2,509
IX-24 Other expenses (24a–d)Management $12,173$12,173
IX-25 Total functional expensesPrograms $145,677 · Management $22,276 · Fundraising $0$167,953
Part X · Balance sheet $2,180,040 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $649,490$139,751
X-4 Accounts receivableStart of year $9,658$9,658
X-9 Prepaid expenses and deferred chargesStart of year $1,539$1,205
X-11 Publicly traded securitiesStart of year $1,378,793$2,028,349
X-15 Other assetsStart of year $694$1,077
X-16 Total assetsStart of year $2,040,174$2,180,040
X-17 Accounts payable and accrued expensesStart of year $1,614$652
X-26 Total liabilitiesStart of year $1,614$652
X-27 Net assets without donor restrictionsStart of year $1,853,678$1,994,506
X-28 Net assets with donor restrictionsStart of year $184,882$184,882
X-32 Total net assets or fund balancesStart of year $2,038,560$2,179,388
X-33 Total liabilities and net assetsStart of year $2,040,174$2,180,040
Part XI · Reconciliation of net assets $2,179,388 net assets at year end
XI-1 Total revenue$239,329
XI-2 Total expenses$167,953
XI-3 Revenue less expenses$71,376
XI-4 Net assets at start of year$2,038,560
XI-5 Net unrealized gains (losses) on investments$69,452
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,179,388

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.