American Association Of Endodontists Foundation
- Assets
- $32.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/1967
- Data as of
- 12/2022
- EIN
- 36-6143003
Organization Overview
American Association Of Endodontists Foundation is located in Chicago, IL. The organization was established in 1967. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Association Of Endodontists 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 12/2022, American Association Of Endodontists Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.7%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American Association Of Endodontists Foundation has awarded 113 individual grants totaling $4,548,002. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ENDODONTICS BY PROVIDING RESOURCES AND FUNDING FOR RESEARCH, EDUCATION, PUBLIC AWARENESS AND ACCESS TO CARE. THE FOUNDATION SUPPORTS SAVING NATURAL TEETH FOR ALL THROUGH THE EFFORTS OF ENDODONTIC SPECIALISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH - GROUNDBREAKING RESEARCH FUELS THE SPECIALTY AND GIVES BOTH ESTABLISHED AND DEVELOPING ENDODONTISTS THE TOOLS TO ACHIEVE EXCELLENCE IN PATIENT CARE, SAVING NATURAL TEETH WHENEVER POSSIBLE. IN ORDER TO HELP DEFINE ENDODONTICS AS A SPECIALTY, THE FOUNDATION STRIVES TO FUND IMPACTFUL RESEARCH STUDIES, RANGING IN SCALE AND COMPLEXITY.
SPONSORSHIP OF THE ADVANCED PROGRAM IN CLINICAL ENDODONTICS FOR RESIDENTS (APICES)
EDUCATION - SUPPORTING ENDODONTIC EDUCATION AND FACULTY IS CRITICAL TO THE GROWTH AND FUTURE SUCCESS OF THE SPECIALTY. IT IS THE FOUNDATION'S MISSION TO ENSURE THAT DENTAL STUDENTS ARE TAUGHT ENDODONTICS BY HIGHLY QUALIFIED SPECIALISTS IN THE FIELD WHO REMAIN PASSIONATE ABOUT ENDODONTICS AND ARE AT THE FOREFRONT OF RESEARCH AND TECHNOLOGY. STRONG ACADEMIC AND SCIENTIFIC AGENDAS EQUAL A STRONG AND PRODUCTIVITY FUTURE FOR THE SPECIALTY.
ACCESS TO CARE - THE FOUNDATION FUNDS A VARIETY OF ACCESS TO CARE INITIATIVES - ASSISTING PATIENTS IN UNDERSERVED COMMUNITIES, HIGHLIGHTING THE ROLE ENDODONTICS PLAY IN THE DENTAL COMMUNITY, PROVIDING MENTORSHIP AND HANDS-ON OPPORTUNITIES FOR DENTAL STUDENTS TO WORK ALONGSIDE SPECIALISTS, AND ENGAGING YOUNGER MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nava Fahti Board Member (through | Trustee | 1 | $0 |
Anthony T Borgia Treasurer | OfficerTrustee | 2 | $750 |
John M Nusstein President (through April 2022) | OfficerTrustee | 2 | $750 |
Margot Kusienski President | OfficerTrustee | 4 | $1,875 |
Patricia Tordik President-Elect (effective May 2022) | OfficerTrustee | 2 | $0 |
Tom Von Sydow Board Member (effective May 2022) | 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 | $1,103,109 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,103,109 |
| Total Program Service Revenue | $0 |
| Investment income | $1,010,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,061,680 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,052,182 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $582,994 |
| Grants and other assistance to domestic individuals. | $270,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $171,192 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $11,737 |
| Compensation of current officers, directors, key employees. | $11,737 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,152 |
| Fees for services: Other | $91,568 |
| Advertising and promotion | $0 |
| Office expenses | $47,331 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $127,521 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,002 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,168 |
| Insurance | $3,430 |
| All other expenses | $1,956 |
| Total functional expenses | $2,089,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $499,798 |
| Savings and temporary cash investments | $478,998 |
| Pledges and grants receivable | $1,406,801 |
| 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 | $20,469 |
| Investments—publicly traded securities | $30,212,887 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,618,953 |
| Accounts payable and accrued expenses | $62,921 |
| Grants payable | $18,511 |
| 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 | $30,637 |
| Total liabilities | $112,069 |
| Net assets without donor restrictions | $31,095,819 |
| Net assets with donor restrictions | $1,411,065 |
| 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 | $32,618,953 |
Grants Awarded
Over the last fiscal year, American Association Of Endodontists Foundation has awarded $377,597 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN DENTAL EDUCATION ASSOCIATION PURPOSE: ADEA LEADERSHIP | $25,000 |
NEW YORK UNIVERSITY COLLEGE OF DENTISTRY PURPOSE: COMPETITIVE RESEARCH | $30,512 |
NEW YORK UNIVERSITY COLLEGE OF DENTISTRY PURPOSE: RESIDENT RESEARCH | $16,000 |
TEXAS A&M COLLEGE OF DENTISTRY DEPT OF ENDOD PURPOSE: RESIDENT RESEARCH | $6,000 |
UNIVERSITY OF ALABAMA AT BIRMINGHAM PURPOSE: ENDOWED FACULTY MATCHING | $100,000 |
UNIVERSITY OF ALABAMA AT BIRMINGHAM PURPOSE: COMPETITIVE RESEARCH | $13,518 |