L D Pankey Dental Foundation Inc
- Assets
- $9.5m
- Revenue
- $4.6m
- Investments
- $927.5k
- Employees
- 17
- Location
- Key Biscayne, FL
- Founding
- 08/1969
- Data as of
- 12/2023
- EIN
- 59-1298070
Organization Overview
L D Pankey Dental Foundation Inc, operating under the name The Pankey Institute, is located in Key Biscayne, FL. The organization was established in 1969. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 12/2023, Pankey Institute employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pankey 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 12/2023, Pankey Institute generated $4.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $4.6m during the year ending 12/2023. While expenses have increased by 6.1% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRAINING TO DENTISTS & DENTAL TECHNICIANS NEWEST DENTAL TECHNOLOGIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE HAS AN EXCELLENT YEAR 2023. MASTERY AND FOCUS COURSES CONTINUED TO THRIVE AND GROW IN 2023. THE CORE ESSENTIAL COURSES WERE SOLD OUT AND SPILLED OVER INTO 2024. THE ESSENTIAL ONE COURSE AT THE HINMAN MEETING WAS A GREAT SUCCESS SO MUCH THAT WE WERE ASKED TO REPEAT IT IN 2024 AND 2025. THIS SUCCESS IS ALSO GENERATING INTEREST FROM OTHER DENTAL CONFERENCES. OUR ANNUAL SYMPOSIUM HELD IN AMELIA ISLAND HAD THE HIGHEST ATTENDANCE SINCE OUR 50TH ANNIVERSARY EVENT.THE INSTITUTE HAD 942 REGISTRATIONS IN 2023. THE ESSENTIAL SERIES REGISTERED 298 PARTICIPANTS, MASTERY AND FOCUS COURSES HAD 247 PARTICIPANTS, STUDY GROUPS HAD 127 PARTICIPANTS AND ONLINE COURSES RECEIVED 270 REGISTRATIONS. THE ANNUAL SYMPOSIUM HELD AT AMELIA ISLAND HAD 204 ATTENDEES, A GREAT SUCCESS! SUPPORTED BY THE GENEROSITY OF OUR DONORS, THE INSTITUTE CONTINUES TO GIVE BACK TO ITS COMMUNITY BY AWARDING 21 SCHOLARSHIPS IN 2023 FROM ITS ADOPT SCHOLARSHIP PROGRAM AND ITS ENDOWED SCHOLARSHIP PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michael Crete Chair | OfficerTrustee | 2 | $0 |
Dr David Swan Vice Chair | OfficerTrustee | 2 | $0 |
Dr Todd Sander Treasurer | OfficerTrustee | 2 | $0 |
Mr Kevin Dubose Secretary | OfficerTrustee | 2 | $0 |
Dr Deanne Blazek Director | Trustee | 2 | $0 |
Dr Kelley Brummett Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crossover Solutions Llc Buidling Brand Awareness,enrollmentar | 12/30/23 | $429,182 |
Creatrice Consulting Llc Marketing | 12/30/23 | $244,500 |
Caprod Service Maintenance Corp Building Maintenance, Housekeeping | 12/30/23 | $152,491 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $160,929 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $799,998 |
| Noncash contributions included in lines 1a–1f | $42,018 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $960,927 |
| Total Program Service Revenue | $3,522,671 |
| Investment income | $101,094 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$38 |
| Net Income from Fundraising Events | -$10,915 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $44,859 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,625,611 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,701 |
| Compensation of current officers, directors, key employees. | $111,096 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $941,517 |
| Pension plan accruals and contributions | $24,017 |
| Other employee benefits | $97,077 |
| Payroll taxes | $81,993 |
| 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 | $0 |
| Fees for services: Other | $731,399 |
| Advertising and promotion | $35,920 |
| Office expenses | $453,307 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $261,574 |
| Travel | $44,308 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,659 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $571,573 |
| Insurance | $183,274 |
| All other expenses | $0 |
| Total functional expenses | $4,554,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,557 |
| Savings and temporary cash investments | $3,276,183 |
| Pledges and grants receivable | $283,699 |
| Accounts receivable, net | $56,651 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $109,883 |
| Prepaid expenses and deferred charges | $243,291 |
| Net Land, buildings, and equipment | $4,564,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $927,453 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,463,564 |
| Accounts payable and accrued expenses | $132,669 |
| Grants payable | $0 |
| Deferred revenue | $2,738,307 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $120,000 |
| Secured mortgages and notes payable | $769,258 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,760,234 |
| Net assets without donor restrictions | $5,116,347 |
| Net assets with donor restrictions | $586,983 |
| 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 | $9,463,564 |