Ada Foundation FY2022 filing

Public charity (501(c)(3)) Chicago, IL EIN 36-6132046 NTEE H03
Revenue
$939K
▼ -47%
FY2022 · Pt VIII · Ln 12
Expenses
$1.6M
▼ -29%
FY2022 · Pt IX · Ln 25
Net assets
$15.2M
FY2022 · Pt X · Ln 32
To programs
95%
FY2022 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2024
Revenue
$939K
FY2022▼ -47%
Expenses
$1.6M
FY2022▼ -29%

Improves oral health through dental community support, access to care, research, and education.

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Tax-deductible?
Yes
Per the IRS master file. Details →
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Fidelity Investments Charitable Gift Fund
$27K in the latest grant year. Details →
Spent on programs?
95% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
$1–10M
↓ -47% vs prior year Details →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).


Improves oral health through dental community support, access to care, research, and education.

Type
Public charity (501(c)(3)) · Medical Research
Location
Chicago, IL
Website
www.adafoundation.org
Filings
5 on file (2020–2022)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Figures match the IRS filing checked 9/3/26 · see original: IRS
Provided by the organization

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Where the money goes · FY2022
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs
Operating runway
118.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-74%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$16.1M
FY2022▼ -17%
Total liabilities
$948K
FY2022▲ +114%
Revenue less expensesPt I · Ln 19−$696K
Total assetsPt X · Ln 16$16.1M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CAda Foundation
EINHdr · item D36-6132046
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.adafoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMedical Research (H03)
Ruling yearIRS BMFDec 1965

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Adaf Chair/ Ada Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Director/ Ada Trustee
$0Pt VII · Sec A
Director/ Ada Executive Director
$0Pt VII · Sec A
Adaf Treasurer/Ada Director, Accounting & Reporting
$0Pt VII · Sec A

Dr Diane R Bienek’s $138K as Director, Resarch Operations is at the 33rd percentile of top reported officer pay among 361 $1–10M medical research nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Ada Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $1.5M of program spending, described in the organization's own filed words · FY2022.
01

Research

Perform research activities to encourage the improvement of the health of the public & to promote the art and science of dentistry.

$641Kprogram expense
02

Access to Care

Promote and fund programs that bring oral care and education to low-income communities and underserved areas where people might not otherwise receive dental care.

$611Kprogram expense
03

Charitable Assistance

Provide charitable assistance to the dental community and their families in need. This includes providing relief grants to aid members of the dental profession and their dependants who, because of accidental injury, advanced age, physically delibitating illness or a medical condition prevents them from being gainfully employed, resulting…

$288Kprogram expense

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Statement of Revenue

Part VIII
Investment income$542K · 58%
Contributions & grants$389K · 41%
Other revenue$8K · 1%
Investment income58%$542K
Contributions & grants41%$389K
Other revenue1%$8K
Total revenueLn 12$939K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$1.6M
Management & general5%$80K
Total functional expensesLn 25$1.6M

Balance Sheet

Part X · end of year
CashLn 1$725K
Total assetsLn 16$16.1M
Total liabilitiesLn 26$948K
Total net assetsLn 32$15.2M
Months of cash on handcomputed5.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $16.1M · Operating expenses/yr $1.6M
118.1 months
Where the money goes
Program services
Program services $1.6M · Total expenses $1.6M
95%
Management & General
Management & general $80K · Total expenses $1.6M
5%
Fundraising
Fundraising $0 · Total expenses $1.6M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $154K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $389K · Total revenue $939K
41%
Government reliance
Government grants — · Total revenue $939K
—
Earned-income share
Program service revenue $0 · Total revenue $939K
0%
Investment reliance
Investment income $542K · Total revenue $939K
+58%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.6M
0%
Growth & trend
Revenue growth (YoY)
This year $939K · Prior year $1.8M
-47%
Net-asset trend (YoY)
End of year $15.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $939K · Expenses $1.6M
-74%
Liabilities-to-Assets
Total liabilities — · Total assets $16.1M
—
Net-asset ratio
Net assets $15.2M · Total assets $16.1M
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $15.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $16.1M
95%
People & payroll
Highest Reported Total Compensation
Individual Dr Craig S Armstrong DDS · Reported title ADAF Chair/ ADA Trustee · Highest reported compensation $0 · Total expenses $1.6M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $20K · Total expenses $1.6M
1%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%——
Overhead ratio 5%——
Fundraising cost ratio 0%——
Revenue growth -47%——
Investment management fee ratio 0.1%——
Legal fee ratio 9%——
Accounting fee ratio 0.4%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$27K
Grants paid · 31 grants · $4.4M · 2020–2024
Unitemized GrantFY2024$264,420
American Dental AssociationIL · FY2024$43,187
Ada Forsyth Institute INCMA · FY2024$28,406
The Howard UniversityDC · FY2024$15,000
Unitemized GrantFY2024$5,000
Unitemized GrantFY2024$5,000
Unitemized GrantFY2023$216,140
American Dental AssociationIL · FY2023$40,521
Unitemized GrantFY2023$10,000
Unitemized GrantFY2023$10,000
American Dental AssociationIL · FY2022$658,345
Ada Science and Research Institute LLCFY2022$332,799
Unitemized GrantFY2022$216,844
Unitemized GrantFY2022$10,000
See all 31 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.1M revenue · ⤓ 990 PDF
FY2023$3.1M revenue · ⤓ 990 PDF
FY2022$939K revenue · viewing · ⤓ 990 PDF
FY2021$1.8M revenue · ⤓ 990 PDF
FY2020$1.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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