Carequest Institute For Oral Health
- Assets
- $2.1b
- Revenue
- $1.2b
- Investments
- $0.0
- Employees
- 141
- Location
- Boston, MA
- Founding
- 01/2017
- Data as of
- 12/2022
- EIN
- 38-4016550
Organization Overview
Carequest Institute For Oral Health is located in Boston, MA. The organization was established in 2017. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2022, Carequest Institute For Oral Health employed 141 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carequest Institute For Oral Health is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Carequest Institute For Oral Health generated $1.2b in total revenue. All expenses for the organization totaled $44.7m during the year ending 12/2022. While expenses have increased by 33.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Carequest Institute For Oral Health has awarded 245 individual grants totaling $30,670,722. 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 IMPROVE THE ORAL HEALTH OF ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAREQUEST INSTITUTE FOR ORAL HEALTH, INC. [FORMERLY CATALYST INSTITUTE,INC.] IS A MASSACHUSETTS NOT-FOR-PROFIT WITH A MISSION TO IMPROVE THE ORAL HEALTH OF ALL AND A VISION TO ACHIEVE PERSON-CENTERED HEALTH BY TRANSFORMING THE SYSTEMS OF POLICY, FINANCE, CARE, AND COMMUNITY. CAREQUEST INSTITUTE FOR ORAL HEALTH, INC. [FORMERLY CATALYST INSTITUTE,INC.] AND ITS SUBSIDIARIES' ACTIVITES INCLUDE, BUT ARE NOT LIMITED TO, SECURING DENTAL SERVICES FOR EMPLOYEE GROUPS, INDIVIDUALS AND THEIR FAMILIES; INCLUDING THE SAFETY NET POPULATIONS THROUGH MEDICARE, MEDICARE ADVANTAGE AND CHIP PROGRAMS; PROVIDING INNOVATIVE PRODUCTS AND SERVICES; FINANCE AND DEVELOP PROFESSIONAL AND SCIENTIFIC STUDY AND RESEARCH; AN EDUCATE THE PUBLIC CONCERNING THE IMPORTANCE OF ORAL HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1.8 | $105,000 |
Name Not Listed Director | Trustee | 1.8 | $105,822 |
Name Not Listed Director | Trustee | 1.8 | $100,818 |
Name Not Listed Director | Trustee | 1.8 | $105,584 |
Name Not Listed Chair /director | Trustee | 2.5 | $150,000 |
Name Not Listed Director | Trustee | 1.8 | $103,082 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Analytic8 Llc Consulting | 12/30/22 | $795,100 |
Capm Llc Consulting | 12/30/22 | $302,994 |
Rsm Us Llp Consulting | 12/30/22 | $572,264 |
Ernst & Young Us Llp Consulting | 12/30/22 | $124,084 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,139,346 |
| Investment income | $21,495,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,177,075,031 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,200,710,162 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,956,419 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $978,365 |
| Compensation of current officers, directors, key employees. | $391,346 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,685,695 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $183,893 |
| Payroll taxes | $2,167,320 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,525 |
| Fees for services: Accounting | $961,082 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,915,832 |
| Fees for services: Other | $5,667,997 |
| Advertising and promotion | $1,766,164 |
| Office expenses | $75,132 |
| Information technology | $817,100 |
| Royalties | $0 |
| Occupancy | $67,626 |
| Travel | $556,199 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103,992 |
| Interest | $0 |
| Payments to affiliates | $1,345,904 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $392,841 |
| All other expenses | $0 |
| Total functional expenses | $44,746,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $74,280,055 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,421,875 |
| 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 | $707,848 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,931,695,055 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $763,551 |
| Other assets | $84,845,158 |
| Total assets | $2,093,713,542 |
| Accounts payable and accrued expenses | $5,693,801 |
| Grants payable | $0 |
| 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 | $626,007 |
| Total liabilities | $6,319,808 |
| Net assets without donor restrictions | $2,087,393,734 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,093,713,542 |
Grants Awarded
Over the last fiscal year, Carequest Institute For Oral Health has awarded $13,818,168 in support to 106 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVA PURPOSE: The purpose of this grant is to expand access to oral health care for individuals with intellectual and developmental disabilities (IDD) through the designation of this population as a Medically Underserved Population. | $144,442 |
ADVOCATES BUILDING LASTING EQUALITY IN NH PURPOSE: The purpose of this grant is to mobilize disability self-advocates in the implementation of the new Medicaid adult dental benefit, increase the size of the dental provider network in New Hampshire, and build the competency of providers serving people with disabilities. | $102,919 |
ALTAMED HEALTH SERVICES CORPORATION PURPOSE: The purpose of this grant is to support AltaMed's advocacy training initiatives for residents of Southeast Los Angeles and the development and dissemination of an equity-based, systems-change toolkit to federally qualified health centers in and beyond Southern California. | $150,000 |
AMERICAN ACADEMY OF DEVELOPMENTAL MEDICINE PURPOSE: The purpose of this grant is to provide sponsorship support for the American Academy of Developmental Medicine's annual conference, including support of the student chapter representatives. | $13,475 |
AMERICAN ACADEMY OF CARIOLOGY PURPOSE: The purpose of this grant is to support three events - a fall webinar, a spring webinar, and the AAC's 7th annual Spring Conference, themed Biomaterials Therapeutics in the World of Dental Caries. | $30,000 |
AMERICAN ACADEMY OF PEDIATRICS PURPOSE: This proposal will support the American Academy of Pediatrics to deepen understanding, elevate opportunities, and build consensus around new clinically integrated opportunities for pediatricians applying silver-diamine fluoride to advance the integration of oral health into primary care | $143,795 |