Oral And Maxillofacial Surgery Foundation
- Assets
- $19.2m
- Revenue
- $2.4m
- Investments
- $2.4m
- Employees
- 0
- Location
- Rosemont, IL
- Founding
- 01/1964
- Data as of
- 12/2021
- EIN
- 36-6111168
Organization Overview
Oral And Maxillofacial Surgery Foundation is located in Rosemont, IL. The organization was established in 1964. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. This organization is the central organization for a national or regional group of organizations. Oral And Maxillofacial Surgery Foundation 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, Oral And Maxillofacial Surgery Foundation generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Oral And Maxillofacial Surgery Foundation has awarded 79 individual grants totaling $5,606,500. 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 MISSION OF THE OMS FOUNDATION IS TO IMPROVE THE QUALITY AND SAFETY OF PATIENT CARE BY ADVANCING INNOVATION IN ORAL AND MAXILLOFACIAL SURGERY RESEARCH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUR AWARDS TOTALING $375,000 APPROVED FROM THE RESEARCH ENDOWMENT FUND. RESEARCH IS ESSENTIAL FOR PRACTITIONERS TO EXPAND THE TYPE AND QUALITY OF PATIENT CARE THEY PROVIDE. TRAINING IS ESSENTIAL FOR PRACTITIONERS TO IMPROVE THE QUALITY OF PATIENT CARE.
AMERICAN ASSOCIATION OF ORAL AND MAXILLOFACIAL SURGEONS GRANTS INCLUDING SUPPORT OF TWO FACULTY EDUCATOR DEVELOPMENT AWARDS.
THE GLOBAL INITIATIVE FOR VOLUNTEERISM AND EDUCATION (GIVE) PROGRAM PROVIDES RESIDENTS WITH STIPENDS TO TRAVEL INTERNATIONALLY WITH EXPERIENCED OMS TEAMS TO DELIVER HUMANITARIAN HEALTHCARE TO UNDERSERVED POPULATIONS. THE EXPERIENCE PROVIDES HANDS-ON-TRAINING TO THE RESIDENTS ALONG WITH PROVIDING CARE TO THE UNDERSERVED. NO STIPENDS WERE ISSUED IN 2021 DUE TO RESTRICTIONS ON INTERNATIONAL TRAVEL RELATED TO THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Brett L Ferguson Director/vice Chair | OfficerTrustee | 3 | $0 |
Dr Thomas P Williams Director/vice Chair | OfficerTrustee | 3 | $0 |
Ms Karin K Wittich Executive Director | Officer | 2 | $0 |
Dr Louis K Rafetto Vice Chair/chair | Officer | 3 | $0 |
Mr Scott C Farrell Executive Director | Officer | 2 | $0 |
Ms Kimberly A Molley CFO | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $450 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,375,293 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,375,743 |
| Total Program Service Revenue | $0 |
| Investment income | $684,887 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $298,534 |
| Net Income from Fundraising Events | -$73 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,359,091 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $650,000 |
| Grants and other assistance to domestic individuals. | $6,500 |
| 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 | $265,065 |
| Pension plan accruals and contributions | $29,500 |
| Other employee benefits | $44,047 |
| Payroll taxes | $20,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66,181 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $69,663 |
| Information technology | $54,270 |
| Royalties | $0 |
| Occupancy | $17,902 |
| Travel | $20,418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,728 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,051 |
| All other expenses | $3,145 |
| Total functional expenses | $1,433,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,067,158 |
| Pledges and grants receivable | $322,405 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,333,719 |
| Investments—other securities | $2,385,733 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $114,295 |
| Total assets | $19,223,310 |
| Accounts payable and accrued expenses | $89,066 |
| Grants payable | $905,000 |
| 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 | $994,066 |
| Net assets without donor restrictions | $2,605,020 |
| Net assets with donor restrictions | $15,624,224 |
| 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 | $19,223,310 |
Grants Awarded
Over the last fiscal year, Oral And Maxillofacial Surgery Foundation has awarded $645,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Rosemont, IL PURPOSE: FEDA | $270,000 |
Ann Arbor, MI PURPOSE: CLINICAL RESEARCH GRANT | $150,000 |
UNIV OF ALABAMA AT BIRMINGHAM PURPOSE: RESEARCH SUPPORT GRANT | $75,000 |
TEXAS A&M UNIVERSITY PURPOSE: RESEARCH SUPPORT GRANT | $75,000 |
UNIV OF CINCINNATI PURPOSE: RESEARCH SUPPORT GRANT | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Oral And Maxillofacial Surgery Foundation has recieved totaling $27,381.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $27,250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $131 |
Endowment Analysis
| Beg. Balance | $14,429,945 |
| Earnings | $1,614,026 |
| Net Contributions | $47,890 |
| Other Expense | $711,395 |
| Ending Balance | $15,380,466 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Regenstrief Foundation Inc Indianapolis, IN | $0 | $6,850,830 |
Mercy Research Springfield, MO | $1,873,704 | $4,182,009 |
Wicell Research Institute Inc Madison, WI | $4,969,313 | $7,939,160 |
American Burn Association Inc Chicago, IL | $2,908,439 | $4,571,563 |
Dermatology Foundation Evanston, IL | $62,543,237 | $7,135,637 |
Foundation For Anesthesia Education And Research Schaumburg, IL | $35,213,980 | $3,655,249 |
Angelman Syndrome Foundation Inc Aurora, IL | $2,249,648 | $3,676,179 |
American Academy Of Sleep Medicine Foundation Darien, IL | $17,841,323 | $3,412,660 |
Anesthesia Patient Safety Foundation Schaumburg, IL | $16,092,814 | $2,466,002 |
Orthopaedic Research Society Rosemont, IL | $7,471,451 | $2,301,601 |
The Knee Society Inc Schaumburg, IL | $4,620,112 | $1,876,790 |
Oral And Maxillofacial Surgery Foundation Rosemont, IL | $19,223,310 | $2,359,091 |