Civic Intelligence

Maxillofacial Surgeons Foundation

990 • Fiscal year 2019 • EIN 36-3617873

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 08, 2020

500 Cummings Center Suite 4400Beverly, MA 01915

(978) 927-8330

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

40th percentile

0.04x

Higher debt load relative to assets than 40% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

66th percentile

0.21x

Higher debt load relative to revenue than 66% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

24th percentile

-6.7%

Higher net margin than 24% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

69th percentile

11%

Faster asset growth than 69% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

55th percentile

6.3%

Faster revenue growth than 55% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,252,748

Up $125,408 (+11%) from 2018

Net Assets

Up

$1,203,773

Up $164,939 (+16%) from 2018

Liabilities

Down

$48,975

Down $39,531 (-45%) from 2018

Revenue

Up

$234,450

Up $13,879 (+6.3%) from 2018

Expenses

Up

$250,245

Up $1,921 (+0.8%) from 2018

Net Income

Up

-$15,795

Up $11,958 (+43%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2018: $1,127,340Liabilities 2018: $88,506Net Assets 2018: $1,038,8342018Assets 2019: $1,252,748Liabilities 2019: $48,975Net Assets 2019: $1,203,7732019Assets 2020: $1,385,946Liabilities 2020: $0Net Assets 2020: $1,385,9462020Assets 2021: $1,617,577Liabilities 2021: $47,470Net Assets 2021: $1,570,1072021Assets 2022: $1,265,309Liabilities 2022: $38,028Net Assets 2022: $1,227,2812022Assets 2023: $1,513,880Liabilities 2023: $48,600Net Assets 2023: $1,465,2802023Assets 2024: $1,672,811Liabilities 2024: $82,330Net Assets 2024: $1,590,4812024

Highlighted filing

2019

Assets$1,252,748
Liabilities$48,975
Net Assets$1,203,773

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2018: $220,571Expenses 2018: $248,324Net Income 2018: -$27,7532018Revenue 2019: $234,450Expenses 2019: $250,245Net Income 2019: -$15,7952019Revenue 2020: $130,757Expenses 2020: $114,750Net Income 2020: $16,0072020Revenue 2021: $134,070Expenses 2021: $123,789Net Income 2021: $10,2812021Revenue 2022: $94,227Expenses 2022: $153,735Net Income 2022: -$59,5082022Revenue 2023: $211,974Expenses 2023: $162,507Net Income 2023: $49,4672023Revenue 2024: $174,579Expenses 2024: $257,213Net Income 2024: -$82,6342024

Highlighted filing

2019

Revenue$234,450
Expenses$250,245
Net Income-$15,795
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 8, 2020
Return Version
2019v5.0
Gross Receipts
$234,450
Mission and Program Overview

Mission

To promote education and research in the field of maxillofacial surgery.

To advance the science and practice of surgery of the facial region and craniofacial skeleton. The foundation accomplishes its mission through the excellence in education and research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$925,368$1,129,876▲ $204,508
Cash and Non-Interest-Bearing Accounts$177,116$114,761▼ $62,355
Prepaid Expenses and Deferred Charges$11,335--
Total Assets$1,127,340$1,252,748▲ $125,408
Other Assets Total$13,521$8,111▼ $5,410
Liabilities
Deferred Revenue$54,670$48,975▼ $5,695
Accounts Payable and Accrued Expenses$33,836--
Total Liabilities$88,506$48,975▼ $39,531
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$885,580$1,050,889▲ $165,309
Net Assets With Donor Restrictions$153,254$152,884▼ $370
Total Net Assets Fund Balance$1,038,834$1,203,773▲ $164,939
Total Liabilities and Net Assets / Fund Balance$1,127,340$1,252,748▲ $125,408

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,412$1,412

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$81,991-▲ $18,461-$100,452
2018$84,482-▼ $2,491-$81,991
2017$73,476-▲ $11,006-$84,482
2016$67,294-▲ $6,182-$73,476
2015$65,906-▲ $1,388-$67,294
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$149,290
Program Service Revenue
$61,386
Investment Income
$23,774
Other Revenue
$0
All Other Contributions
$149,290
Change in Net Assets
$-15,795
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$156,925
Grants and Similar Amounts Paid$93,320
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$143,266--$143,266
Grants to Domestic Orgs$65,000--$65,000
Grants to Domestic Individuals$28,320--$28,320
Office Expenses-$8,708-$8,708
Fees for Services Accounting-$4,050-$4,050
Insurance-$566-$566
Fees for Services Legal-$335-$335
Total Functional Expenses$236,586$13,659$0$250,245
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
American Society of Maxillofacial SBeverly, MA501c6General Operating$60,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The professional relations and research institute (prri) of beverly, massachusetts maintains the books and records of the organization and performs other related managerial and administrative functions for which it is compensated.

Form 990, Page 6, Part VI, Line 11B

The 990 is reviewed by the administrative staff of the management company (prri) and is then provided to the treasurer for final review before it is filed.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy is distributed at each board meeting.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy, and financial statements are available to the public upon request at the administrative offices of the organization's management company (prri).

Filing and Contact Details

Filer

Filer Name
Maxillofacial Surgeons Foundation
EIN
36-3617873
Phone
9789278330
Address
500 CUMMINGS CENTER SUITE 4400, BEVERLY, MA 01915

Signing Officer

Name
Francis a Papay Md
Title
Treasurer
Phone
9789278330
Signed
2020-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Delora L Mount Md
Formed
1988
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
15

Preparer

Firm
Anstiss & Co Pc
Address
1115 WESTFORD STREET 3RD FLOOR, LOWELL, MA 01851-2701
Preparer
Brendan E Toolin
Phone
9784522500
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation has been granted tax-exempt status under internal revenue code section 501(c)(3) and is, therefore, generally exempt from federal and state income taxes. Accordingly, no provision for income taxes has been provided for in the accompanying financial statements. Asc 740-10, "accounting for uncertainty in income taxes", requires the foundation to evaluate and disclose tax positions that could have an effect on the foundation's financial statements. The foundation reports its activities to the internal revenue service on an annual basis. These informational returns are generally subject to audit and review by the governmental agencies for a period of three years after filing. Substantially all of the foundation's income, expenditures and activities relate to its exempt purpose, therefore, management has determined that the foundation is not subject to material unrelated business income taxes and will continue to qualify as a tax-exempt not-for-profit entity.

Schedule D, Page 4, Part XIII

The foundation's endowment consists of two funds established for certain purposes. Its endowment consists of donor-restricted endowment funds from which distributions are made at the discretion of the board of directors.

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt186
IRS990/ProgSrvcAccomActy2Grp/Desc0GRANTS - THE FOUNDATION MAKES GRANTS AND PROVIDES GENERAL SUPPORT TO INDIVIDUALS DOING WORK IN THE REALM OF MAXILLOFACIAL SURGERY AS DETAILED ON PAGE TWO OF SCHEDULE I.
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01150519
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS, THEREFORE, GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. ASC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES", REQUIRES THE FOUNDATION TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. SUBSTANTIALLY ALL OF THE FOUNDATION'S INCOME, EXPENDITURES AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE, THEREFORE, MANAGEMENT HAS DETERMINED THAT THE FOUNDATION IS NOT SUBJECT TO MATERIAL UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS A TAX-EXEMPT NOT-FOR-PROFIT ENTITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S ENDOWMENT CONSISTS OF TWO FUNDS ESTABLISHED FOR CERTAIN PURPOSES. ITS ENDOWMENT CONSISTS OF DONOR-RESTRICTED ENDOWMENT FUNDS FROM WHICH DISTRIBUTIONS ARE MADE AT THE DISCRETION OF THE BOARD OF DIRECTORS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XIII
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.80090
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt43600
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0CRANIO FELLOWSHIP- GIVES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1RESEARCH GRANT AWARD - A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2VISITING PROFESSOR PROGRA
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3BEST PAPER AWARD - AWARDE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt4RESIDENT SCHOLAR PROGRAM
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C6
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL OPERATING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0AMERICAN SOCIETY OF MAXILLOFACIAL S
IRS990ScheduleI/RecipientTable/RecipientEIN0741362603
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0500 CUMMINGS CENTER SUITE 4400
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BEVERLY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FOR THE GRANTS DISCLOSED IN PART III THE RECIPIENTS ARE REQUIRED TO PROVIDE A PRESENTATION AT THE ANNUAL MEETING DURING THE COURSE OF THE AWARD PERIOD AS WELL AS WRITTEN PROGRESS REPORTS.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1PART II, LINE 1, COLUMN (H): NAME OF THE ORGANIZATION OR GOVERNMENT: AMERICAN SOCIETY OF MAXILLOFACIAL SURGEONS (H) PURPOSE OF GRANT OR ASSISTANCE: GENERAL OPERATING GRANT - TO ASSIST THE AMERICAN SOCIETY OF MAXILLOFACIAL SURGEONS WITH THEIR OPERATING EXPENSES FOR THE YEAR. PART III, COLUMN (A): (A) TYPE OF GRANT OF ASSISTANCE: CRANIO FELLOWSHIP - GIVES RECIPIENTS AN OPPORTUNITY TO VISIT DESIGNATED CENTER OF EXCELLENCE IN CRANIOFACIAL SURGERY THROUGHOUT THE US, CANADA, AND MEXICO CITY IN ORDER TO BROADEN THEIR CLINICAL APPROACH. (A) TYPE OF GRANT OR ASSISTANCE: VISITING PROFESSOR PROGRAM - THIS GRANT IS FOR A TEAM OF FIVE PROMINENT PLASTIC SURGEONS WHO WILL PARTICIPATE IN ENHANCING THE EDUCATIONAL EXPERIENCE OF PLASTIC SURGERY RESIDENTS THROUGH LECTURES, DISCUSSION GROUPS, AND PATIENT EVALUATIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE I, PAGE 4, PART IV
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROFESSIONAL RELATIONS AND RESEARCH INSTITUTE (PRRI) OF BEVERLY, MASSACHUSETTS MAINTAINS THE BOOKS AND RECORDS OF THE ORGANIZATION AND PERFORMS OTHER RELATED MANAGERIAL AND ADMINISTRATIVE FUNCTIONS FOR WHICH IT IS COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE ADMINISTRATIVE STAFF OF THE MANAGEMENT COMPANY (PRRI) AND IS THEN PROVIDED TO THE TREASURER FOR FINAL REVIEW BEFORE IT IS FILED.

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