Civic Intelligence

Dr Edward B Shils Entrepreneurial Fund Inc.

990 • Fiscal year 2019 • EIN 45-2496259

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 15, 2020

135 Duryea RoadMelville, NY 11747

(631) 843-5500

Siviq Scores

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

Liabilities / Assets

66th percentile

0.12x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

0.58x

Higher debt load relative to revenue than 87% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

9th percentile

-32%

Higher net margin than 9% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

59th percentile

6.8%

Faster asset growth than 59% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

78th percentile

28%

Faster revenue growth than 78% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$530,440

Up $33,878 (+6.8%) from 2018

Net Assets

Down

$467,465

Down $6,897 (-1.5%) from 2018

Liabilities

Up

$62,975

Up $40,775 (+184%) from 2018

Revenue

Up

$107,663

Up $23,471 (+28%) from 2018

Expenses

Up

$141,738

Up $82,635 (+140%) from 2018

Net Income

Down

-$34,075

Down $59,164 (-236%) from 2018

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2012: $404,767Liabilities 2012: $02012Assets 2013: $382,160Liabilities 2013: $02013Assets 2014: $593,364Liabilities 2014: $13,600Net Assets 2014: $579,7642014Assets 2015: $553,933Liabilities 2015: $3,600Net Assets 2015: $550,3332015Assets 2016: $526,491Liabilities 2016: $13,600Net Assets 2016: $512,8912016Assets 2017: $522,361Liabilities 2017: $45,800Net Assets 2017: $476,5612017Assets 2018: $496,562Liabilities 2018: $22,200Net Assets 2018: $474,3622018Assets 2019: $530,440Liabilities 2019: $62,975Net Assets 2019: $467,4652019Assets 2020: $484,451Liabilities 2020: $25,000Net Assets 2020: $459,4512020Assets 2021: $364,427Liabilities 2021: $10,000Net Assets 2021: $354,4272021Assets 2022: $303,345Liabilities 2022: $20,000Net Assets 2022: $283,3452022Assets 2023: $338,509Liabilities 2023: $0Net Assets 2023: $338,5092023Assets 2024: $379,237Liabilities 2024: $0Net Assets 2024: $379,2372024

Highlighted filing

2019

Assets$530,440
Liabilities$62,975
Net Assets$467,465

Operations Trend

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

$300K$200K$100K$0-$100K-$200KRevenue 2012: $56,100Expenses 2012: $53,637Net Income 2012: $2,4632012Revenue 2013: $87,537Expenses 2013: $117,605Net Income 2013: -$30,0682013Revenue 2014: $236,476Expenses 2014: $37,810Net Income 2014: $198,6662014Revenue 2015: $5,136Expenses 2015: $27,607Net Income 2015: -$22,4712015Revenue 2016: $24,943Expenses 2016: $79,043Net Income 2016: -$54,1002016Revenue 2017: $20,912Expenses 2017: $91,522Net Income 2017: -$70,6102017Revenue 2018: $84,192Expenses 2018: $59,103Net Income 2018: $25,0892018Revenue 2019: $107,663Expenses 2019: $141,738Net Income 2019: -$34,0752019Revenue 2020: $42,342Expenses 2020: $88,513Net Income 2020: -$46,1712020Revenue 2021: -$71,992Expenses 2021: $48,214Net Income 2021: -$120,2062021Revenue 2022: $87,738Expenses 2022: $101,692Net Income 2022: -$13,9542022Revenue 2023: $118,523Expenses 2023: $70,285Net Income 2023: $48,2382023Revenue 2024: $101,637Expenses 2024: $88,343Net Income 2024: $13,2942024

Highlighted filing

2019

Revenue$107,663
Expenses$141,738
Net Income-$34,075
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 15, 2020
Return Version
2019v5.1
Gross Receipts
$134,032
Mission and Program Overview

Mission

Recognize, develop and connect health care leadership to innovative, entrepreneurial approaches advancing oral health and its link to overall health.

To inspire and enable new generation of entrepreneurs and recognize those individuals, organizations and programs that have influenced dental, medical, and public health.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$252,307$309,515▲ $57,208
Cash and Non-Interest-Bearing Accounts$52,155$28,825▼ $23,330
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$496,562$530,440▲ $33,878
Other Assets Total$192,100$192,100→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$39,375▲ $39,375
Grants Payable$22,200$23,600▲ $1,400
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$22,200$62,975▲ $40,775
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$474,362$467,465▼ $6,897
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$474,362$467,465▼ $6,897
Total Liabilities and Net Assets / Fund Balance$496,562$530,440▲ $33,878

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$192,100--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$74,878
Program Service Revenue
$0
Investment Income
$32,785
Other Revenue
$0
All Other Contributions
$58,828
Change in Net Assets
$-34,075
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$103,688
Grants and Similar Amounts Paid$38,050
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$38,050--$38,050
Fees for Services Accounting-$14,578-$14,578
Fees for Service Investment Mgmnt Fees-$2,755-$2,755
Fees for Services Legal-$1,137-$1,137
Office Expenses-$407-$407
Other Expenses$41,060$250-$250
Interest-$1-$1
Total Functional Expenses$79,110$62,628$0$141,738
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dental Trade Alliance FoundationArlington, VA501(c)(3)Program Support$10,000
Nyu College of DentistryNew York, NY501(c)(3)Program Support$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Award Reception$16,050---
Total Events$16,050---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

Form 990 was prepared by a nationally renowned accounting firm in conjunction with the organization's financial department. Form 990 was reviewed by the organization's executive committee which includes the president, vice president and treasurer, before it was filed with the internal revenue service.

FORM 990, PART VI, SECTION B, LINE 12C:

Prior to election to the Board or employment at the Organization, and for each year of service thereafter, each Director, Officer, and currently employed Key Person must disclose in writing any conflict of interest.

FORM 990, PART VI, SECTION B, LINES 15A AND 15B:

The organization does not compensate any officers or key employees.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes its governing documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Dr Edward B Shils Entrepreneurial
EIN
45-2496259
In Care Of
% STEVEN KESS
Phone
6318435500
Address
135 DURYEA ROAD, MELVILLE, NY 11747

Signing Officer

Name
Steven W Kess
Title
President
Phone
6318435500
Signed
2020-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven W Kess
Formed
2011
Legal Domicile
Ny
Voting Board Members
22
Independent Board Members
22
Employees
0
Volunteers
22

Preparer

Firm
Bdo USA Llp
Address
100 PARK AVENUE, NEW YORK, NY 10017-5001
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Financial Statement Notes

PART III, LINE 4:

Works of art, consisting of paintings, are used for decoration only.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0The Dr. Edward b. Shils Entrepreneurial Fund, Inc. (Shils Fund) is committed to furthering the vision of dr. Edward b. Shils who was a pioneer of entrepreneurship. The organization endeavors to inspire and enable new generations of entrepreneurs and recognizes those individuals, organizations, and programs that have positively influenced the dental and medical community in the public health arena. In 2019, the Shils Fund held 4 board calls, 1 annual board meeting, 1 awards and dental student competition in which 6 recipients were honored for their accomplishments of health care leadership, access to care programs, and oral health research. During the event the Shils Fund also held a dental student entrepreneur competition where 4 dental students presented their entrepreneurial ideas to a panel and placed for their ideas; and 1 Shils Event at the Greater New York Dental Meeting in New York which included three panels, a keynote speaker, and equipment demonstration all geared toward dental students. The 2019 Shils Fund innovator awards reception awarded people, organizations, and programs that safeguard the oral health of underserved communities and populations and positively influence the dental community. A prize was given to people and programs from across the health care community in recognition of their bold impact on the field and their respective communities. In addition, the Shils Fund continued to support education programs with a co-sponsored scholarship with the dental trade alliance foundation which was awarded to a deserving dental school student as well as supporting a program to help the oral health needs of a vulnerable population, the Alpha Omega-Henry Schein Cares holocaust survivors oral health program. The Shils Fund also helped financially support DICE (Dental Innovators, Creators, and Entrepreneurs program, the New York County Dental Society, and the NYU College of Dentistry for their National Symposium for Global Service Learning.
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