Forsyth Dental Infirmary For Children
- Assets
- $46.4m
- Revenue
- $15.2m
- Investments
- $4.3m
- Employees
- 126
- Location
- Cambridge, MA
- Founding
- 10/1937
- Data as of
- 06/2020
- EIN
- 04-2104230
Organization Overview
Forsyth Dental Infirmary For Children, operating under the name The Forsyth Institute, is located in Cambridge, MA. The organization was established in 1937. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Forsyth Institute employed 126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forsyth Institute 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 06/2020, Forsyth Institute generated $15.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $24.6m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Forsyth Institute has awarded 121 individual grants totaling $15,293,925. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE ORAL AND OVERALL HEALTH THROUGH COMBINATION OF INNOVATIVE (CONTINUED ON SCHEDULE O) RESEARCH AND COMMUNITY OUTREACH BY ACCELERATING THE DELIVERY OF WELLNESS SOLUTIONS LOCALLY AND GLOBALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FORSYTH INSTITUTE IS THE ONLY INDEPENDENT RESEARCH INSTITUTE IN THE UNITED STATES FOCUSING ON THE CONNECTIONS BETWEEN ORAL HEALTH AND OVERALL WELLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Wenyuan Shi CEO & Chief Scientific Officer | OfficerTrustee | 45 | $424,004 |
Dr Thomas E Van Dyke VP Clinical & Trans. Res. | Officer | 45 | $308,378 |
Ms Carline Durocher General Legal Counsel & Sec | Officer | 45 | $237,083 |
Ms Wanda Cordova CFO & Treasurer | Officer | 45 | $234,251 |
Dr Pramod M Soparkar Senior Scientist | 45 | $220,572 | |
Dr Floyd Dewhirst Senior Scientist | 45 | $220,067 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aqueduct Technologies Inc It Managed Services | 6/29/21 | $358,000 |
Foley Hoag Llp Legal | 6/29/21 | $123,540 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,237,601 |
| Investment income | $634,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $664,128 |
| Net Income from Fundraising Events | -$43,011 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,162,236 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $93,949 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,361,513 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,260,678 |
| Pension plan accruals and contributions | $676,733 |
| Other employee benefits | $1,516,524 |
| Payroll taxes | $637,402 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $224,529 |
| Fees for services: Accounting | $80,359 |
| Fees for services: Lobbying | $68,805 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $171,740 |
| Fees for services: Other | $765,264 |
| Advertising and promotion | $66,310 |
| Office expenses | $0 |
| Information technology | $318,930 |
| Royalties | $0 |
| Occupancy | $4,807,942 |
| Travel | $175,713 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $67,527 |
| Interest | $3,077 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,477,466 |
| Insurance | $204,434 |
| All other expenses | $0 |
| Total functional expenses | $24,582,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,234,332 |
| Savings and temporary cash investments | $300,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,064,974 |
| 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 | $224,790 |
| Investments—publicly traded securities | $29,959,133 |
| Investments—other securities | $4,259,473 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,427,599 |
| Accounts payable and accrued expenses | $1,915,539 |
| Grants payable | $0 |
| Deferred revenue | $441,053 |
| 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 | $2,814,900 |
| Other liabilities | $4,360,372 |
| Total liabilities | $9,531,864 |
| 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 |
| Total liabilities and net assets/fund balances | $36,895,735 |
Grants Awarded
Over the last fiscal year, Forsyth Dental Infirmary For Children has awarded $932,760 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WASHINGTON PURPOSE: PROGRAM SUPPORT | $446,217 |
Woods Hole, MA PURPOSE: PROGRAM SUPPORT | $142,176 |
Gainesville, FL PURPOSE: PROGRAM SUPPORT | $112,376 |
New Haven, CT PURPOSE: PROGRAM SUPPORT | $85,614 |
Somerville, MA PURPOSE: PROGRAM SUPPORT | $55,753 |
Bar Harbor, ME PURPOSE: PROGRAM SUPPORT | $54,733 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Forsyth Dental Infirmary For Children has recieved totaling $169,537.
| Awarding Organization | Amount |
|---|---|
American Dental Association Chicago, IL PURPOSE: public support | $57,913 |
Fred Hutchinson Cancer Research Center Seattle, WA PURPOSE: VACCINE AND INFECTIOUS DISEASE | $37,666 |
Oneworld Boston Inc Woburn, MA PURPOSE: HEALTHCARE SERVICES | $33,333 |
Dcu For Kids Marlborough, MA PURPOSE: Charitable | $15,000 |
Rodman For Kids Inc Foxborough, MA PURPOSE: TO BENEFIT THE ORGANIZATION AND DISADVANTAGED YOUTHS | $14,625 |
American Association For Dental Oral And Craniofacial Research Alexandria, VA PURPOSE: AA ENDOW-ANNE HAFFAJEE FELLOWSHIP | $10,000 |
Endowment Analysis
| Beg. Balance | $34,218,606 |
| Earnings | $9,667,919 |
| Other Expense | $4,393,667 |
| Ending Balance | $39,492,858 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Grantham Foundation For The Protection Of The Environment Boston, MA | $585,096,833 | $210,457,800 |
Candid New York, NY | $88,006,038 | $55,202,801 |
Forsyth Dental Infirmary For Children Cambridge, MA | $46,427,599 | $15,162,236 |
Fund For The Public Interest Inc Boston, MA | $38,723,767 | $15,827,211 |
Rofeh Cholim Cancer Society Inc Brooklyn, NY | $24,523,868 | $22,653,682 |
Person To Person Inc Darien, CT | $8,508,315 | $15,004,932 |
Peter Schub Foundation New York, NY | $153,451 | $8,498,000 |
Queens College Special Projects Fund Inc Flushing, NY | $53,656,603 | $7,071,081 |
Global Impact Investing Network Inc New York, NY | $6,619,298 | $6,380,097 |
Concrete Foundation Inc Craftsbury Common, VT | $101,088,945 | $16,269,821 |
Tapfound Inc New York, NY | $4,933,878 | $7,053,619 |
Chief Executives For Corporate Purpose Inc New York, NY | $5,985,740 | $5,961,385 |