Civic Intelligence

Dentistry Vcu

990 • Fiscal year 2019 • EIN 54-1590300

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 10, 2019

Box 980566Richmond, VA 23298

(804) 828-6514

Siviq Scores

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

Liabilities / Assets

71st percentile

0.47x

Higher debt load relative to assets than 71% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

63rd percentile

0.40x

Higher debt load relative to revenue than 63% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

13th percentile

-15%

Higher net margin than 13% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$622,776

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

93rd percentile

45%

Faster asset growth than 93% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

61st percentile

7.6%

Faster revenue growth than 61% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$17,428,584

Up $5,399,697 (+45%) from 2018

Net Assets

Down

$9,219,800

Down $2,809,087 (-23%) from 2018

Liabilities

Up

$8,208,784

Up $8,208,784 from 2018

Revenue

Up

$20,449,872

Up $1,438,839 (+7.6%) from 2018

Expenses

Up

$23,426,087

Up $5,929,096 (+34%) from 2018

Net Income

Down

-$2,976,215

Down $4,490,257 (-297%) from 2018

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $4,360,672Liabilities 2011: $0Net Assets 2011: $4,360,6722011Assets 2012: $5,018,542Liabilities 2012: $0Net Assets 2012: $5,018,5422012Assets 2013: $6,036,158Liabilities 2013: $0Net Assets 2013: $6,036,1582013Assets 2014: $6,629,776Liabilities 2014: $0Net Assets 2014: $6,629,7762014Assets 2015: $7,062,640Liabilities 2015: $0Net Assets 2015: $7,062,6402015Assets 2016: $7,475,951Liabilities 2016: $0Net Assets 2016: $7,475,9512016Assets 2017: $10,085,087Liabilities 2017: $0Net Assets 2017: $10,085,0872017Assets 2018: $12,028,887Liabilities 2018: $0Net Assets 2018: $12,028,8872018Assets 2019: $17,428,584Liabilities 2019: $8,208,784Net Assets 2019: $9,219,8002019Assets 2020: $19,170,349Liabilities 2020: $9,475,080Net Assets 2020: $9,695,2692020Assets 2021: $25,164,029Liabilities 2021: $11,158,764Net Assets 2021: $14,005,2652021Assets 2022: $23,976,427Liabilities 2022: $12,018,768Net Assets 2022: $11,957,6592022Assets 2023: $26,058,535Liabilities 2023: $12,998,783Net Assets 2023: $13,059,7522023Assets 2024: $29,701,868Liabilities 2024: $14,310,420Net Assets 2024: $15,391,4482024

Highlighted filing

2019

Assets$17,428,584
Liabilities$8,208,784
Net Assets$9,219,800

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2011: $11,687,192Expenses 2011: $11,511,912Net Income 2011: $175,2802011Revenue 2012: $13,178,886Expenses 2012: $12,521,016Net Income 2012: $657,8702012Revenue 2013: $14,167,428Expenses 2013: $13,290,964Net Income 2013: $876,4642013Revenue 2014: $15,083,652Expenses 2014: $14,778,837Net Income 2014: $304,8152014Revenue 2015: $15,842,355Expenses 2015: $15,509,399Net Income 2015: $332,9562015Revenue 2016: $16,128,756Expenses 2016: $15,988,859Net Income 2016: $139,8972016Revenue 2017: $18,292,826Expenses 2017: $16,247,258Net Income 2017: $2,045,5682017Revenue 2018: $19,011,033Expenses 2018: $17,496,991Net Income 2018: $1,514,0422018Revenue 2019: $20,449,872Expenses 2019: $23,426,087Net Income 2019: -$2,976,2152019Revenue 2020: $15,946,132Expenses 2020: $15,478,524Net Income 2020: $467,6082020Revenue 2021: $20,569,045Expenses 2021: $16,851,984Net Income 2021: $3,717,0612021Revenue 2022: $17,581,997Expenses 2022: $18,882,731Net Income 2022: -$1,300,7342022Revenue 2023: $19,002,359Expenses 2023: $18,339,569Net Income 2023: $662,7902023Revenue 2024: $22,111,374Expenses 2024: $20,362,912Net Income 2024: $1,748,4622024

Highlighted filing

2019

Revenue$20,449,872
Expenses$23,426,087
Net Income-$2,976,215
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 10, 2019
Return Version
2018v3.2
Gross Receipts
$20,449,872
Mission and Program Overview

Mission

Delivery of oral healthcare. The association operates principally for the benefit of the school of dentistry of vcu by supporting the education, research, service and care mission of vcu.

Delivery of oral healthcare. The corporation operates principally for the benefit of the school of dentistry of vcu by supporting the education, research, service and care mission of vcu.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$12,028,887$9,219,800▼ $2,809,087
Investments in Publicly Traded Securities$7,269,501$8,991,097▲ $1,721,596
Savings and Temporary Cash Investments$4,734,648$5,156,699▲ $422,051
Accounts Receivable$21,363$2,999,427▲ $2,978,064
Prepaid Expenses and Deferred Charges-$116,645-
Cash and Non-Interest-Bearing Accounts$3,375$4,375▲ $1,000
Total Assets$12,028,887$17,428,584▲ $5,399,697
Other Assets Total-$160,341-
Liabilities
Other Liabilities-$7,221,863-
Accounts Payable and Accrued Expenses-$986,921-
Total Liabilities$0$8,208,784▲ $8,208,784
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,028,887$9,219,800▼ $2,809,087
Total Liabilities and Net Assets / Fund Balance$12,028,887$17,428,584▲ $5,399,697
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr David SarrettChairman ofPT$52,582$570,194$622,776
Dr Thomas KoertgeBoard Member-$203,516$17,990$229,508
Dr Clara M SpataforeBoard MemberPT$168,692$25,992$186,715
Dr Omar AbubakerBoard Member-$159,820$26,502$177,810
Dr Steven LindauerBoard MemberPT$168,323$11,142$168,323
Dr Tiffany WilliamsDentistFT$129,949$13,411$143,360
Dr Erica BrecherDentistFT$127,158$7,629$134,787
Mr Donald PohlDirector ofFT$116,147$12,753$128,900
Kimberly JacobsDirector ofFT$109,276$16,731$126,007
Dr Thomas WaldropBoard Member-$108,095$258,792$119,237
Dr William DahlkeBoard MemberPT$37,542$307,684$64,044
Dr David SarrettChairman of Board-$52,582$5,773$58,355
Dr John BarryBoard Member-$45,566$18,023$45,566
Rebecca L PoussonPresidentPT$39,889$269,312$39,889
Dr John UngerSecretaryPT$27,688$356,568$27,688

Board Members and Trustees

NameTitle
Dr David RussellBoard Member
Dr Dean M DelukeBoard Member
Dr Jania Golob-deebBoard Member
Dr Marsha RappleyBoard Member
Mr James B BramsonOutside Boar
Mr Jake MeadowsOutside Memb

Highest Paid Contractors

ContractorServicesLocationCompensation
Dr Sompop BencharitDental ServicePO BOX 980566, Richmond, VA 23298$123,202
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$16,285,373
Investment Income
$169,358
Other Revenue
$3,995,141
Change in Net Assets
$-2,976,215

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,792,953
Revenue Not Reported on Financial Statements
$2,656,919
Revenue Not Reported on Form 990
$167,128
Other Revenue Adjustments
$2,656,919
Total Revenue per Audited Statements
$17,960,081
Total Revenue per Form 990
$20,449,872
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,677,294
Salaries, Compensation, and Employee Benefits$6,323,793
Grants and Similar Amounts Paid$425,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,680,431$667,597-$4,348,028
All Other Expenses$2,074,699$123,187-$2,197,886
Other Expenses$929,264--$929,264
Current Officers, Directors, Trustees, and Key Employees$835,670--$835,670
Payroll Taxes$605,363--$605,363
Insurance$345,858$47,209-$393,067
Grants to Domestic Individuals$354,000--$354,000
Pension Plan Contributions$279,021$52,131-$331,152
Other Employee Benefits$200,803$2,777-$203,580
Travel$87,761--$87,761
Fees for Services Accounting-$78,354-$78,354
Grants to Domestic Orgs$71,000--$71,000
Fees for Services Legal-$54,270-$54,270
Advertising$35,693--$35,693
Interest$1,211--$1,211
Total Functional Expenses$22,400,562$1,025,525$0$23,426,087

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$23,426,087
Expenses per Audited Statements$17,150,090
Total Expenses per Audited Statements$17,150,090
Expenses Not Reported on Financial Statements$6,275,997
Other Expense Adjustments$6,275,997
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mcv FoundationRichmond, VA501c3Laskin Research$25,000
Mcv FoundationRichmond, VA501c3Dr Gary Harwell Fund$21,500
Board of Childrens Hospital FundRichmond, VA501c3Donation$15,000
Va Oral Health CoalitionGlen Allen, VA501c3Promote Oral Health$8,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Vcu School of Dentistry$5,884,425
Customer Deposits$1,337,438
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

All full-time members of vcu dentistry that are licensed in the commonwealth of virginia, hold a.d.a recognized dental degrees, are engaged in the practice of dentistry in virginia and have entered into a written employment or independent contractor agreement with the corporation, are eligible to become members of dentistry @ vcu. Faculty who have retired from full-time employment in the school of dentistry having completed at least 10 years of full-time service will be allowed to participate as members.

Form 990, Page 6, Part VI, Line 7A

Each member is entitled to one vote on each matter brought before the corporation. The president is appointed by and annually reviewed by the board of directors. The officers of the corporation shall consist of a president and a secretary. The president and secretary shall be appointed by the board and shall hold office until he or she resigns, is removed, or is unable to serve as president or secretary. All the officers of the corporation must be members of the faculty of the school.

Form 990, Page 6, Part VI, Line 7B

A quorum at any meeting of the members, whether annual or special, shall exist if at least twenty-five percent (25%) of the members as of the record date of the meeting are present in person or by authorized written proxy. A quorum being present, other than in the election of directors, the voting requirements for which are set forth in article iv, the vote of a majority of the members present in person or by authorized written proxy shall be necessary for the adoption of any matter voted upon by the members, unless a greater proportion is required by the articles or by law. A member may appoint a proxy to vote or otherwise act for the member by signing an appointment form or by an electronic transmission.

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

The accountant receives the 990 from the accounting firm, reviews the return, clarifies anything that she cannot understand, and reviews the return with the president. The president then signs the return and the 990 is sent to the irs.

Form 990, Page 6, Part VI, Line 15A

The president's compensation is determined by the board of directors.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Dentistry Vcu
EIN
54-1590300
Phone
8048286514
Address
BOX 980566, RICHMOND, VA 23298
Doing Business As
Vcu Dental Care

Signing Officer

Name
Rebecca L Pousson
Title
President
Phone
8048283368
Signed
2019-01-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rebecca L Pousson
Formed
1991
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
0
Employees
269

Preparer

Firm
Meadows Urquhart Acree & Cook Llp
Address
1802 BAYBERRY CT 102, RICHMOND, VA 23226-3773
Preparer
David C Acree CPA
Phone
8042495786
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 1

Taxpayer changed from cash basis to accrual basis to agree to related party financials that are on accrual basis. The taxpayer will report on accrual basis going forward.

Financial Statement Notes

Schedule D, Page 3, Part X

The corporation is a virginia not-for-profit corporation which is not classified as a private foundation by the internal revenue service and is exempt from income tax under section 501(c)(3) of the internal revenue code. The corporation applies fasb guidance related to accounting for uncertainty in income taxes, which clarifies the accounting for income taxes by prescribing the minimum recognition threshold that a tax position is required to meet before being recognized in the financial statements. The standard also provides guidance on penalties and interest, classification, and disclosure. The corporation has not identified any uncertain tax positions. The school's income tax returns for the years since 2016 remain open for examination by tax authorities.

Schedule D, Page 4, Part XI, Line 4B

Section 481a adjustment 2,656,919

Schedule D, Page 4, Part XII, Line 4B

481a adjustment 6,275,997

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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/Form990PartVIISectionAGrp/TitleTxt16DENTIST
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IRS990/MissionDesc0DELIVERY OF ORAL HEALTHCARE. THE CORPORATION OPERATES PRINCIPALLY FOR THE BENEFIT OF THE SCHOOL OF DENTISTRY OF VCU BY SUPPORTING THE EDUCATION, RESEARCH, SERVICE AND CARE MISSION OF VCU.
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IRS990/OtherExpensesGrp/Desc2DENTAL SUPPLIES
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.7$14.3$15.4$22.1$20.4$1.75
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.1$13.0$13.1$19.0$18.3$0.66
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.0$12.0$12.0$17.6$18.9$1.30
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.2$11.2$14.0$20.6$16.9$3.72
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.2$9.48$9.70$15.9$15.5$0.47
2019Detailed filing. Detailed filing data is available for this year.$17.4$8.21$9.22$20.4$23.4$2.98
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$0.00$12.0$19.0$17.5$1.51
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$0.00$10.1$18.3$16.2$2.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.48$0.00$7.48$16.1$16.0$0.14
2015Summary only. Only limited summary data is available for this year.$7.06$0.00$7.06$15.8$15.5$0.33
2014Summary only. Only limited summary data is available for this year.$6.63$0.00$6.63$15.1$14.8$0.30
2013Summary only. Only limited summary data is available for this year.$6.04$0.00$6.04$14.2$13.3$0.88
2012Summary only. Only limited summary data is available for this year.$5.02$0.00$5.02$13.2$12.5$0.66
2011Summary only. Only limited summary data is available for this year.$4.36$0.00$4.36$11.7$11.5$0.18