Civic Intelligence

Dentistry Vcu

990 • Fiscal year 2024 • EIN 54-1590300

Jul 01, 2023 to Jun 30, 2024 • Filed on Dec 03, 2024

521 North 11th StreetRichmond, VA 23298-5016

(804) 828-6514

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.48x

Higher debt load relative to assets than 72% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.65x

Higher debt load relative to revenue than 70% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

59th percentile

7.9%

Higher net margin than 59% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$896,176

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

74th percentile

14%

Faster asset growth than 74% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

65th percentile

16%

Faster revenue growth than 65% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$29,701,868

Up $3,643,333 (+14%) from 2023

Net Assets

Up

$15,391,448

Up $2,331,696 (+18%) from 2023

Liabilities

Up

$14,310,420

Up $1,311,637 (+10%) from 2023

Revenue

Up

$22,111,374

Up $3,109,015 (+16%) from 2023

Expenses

Up

$20,362,912

Up $2,023,343 (+11%) from 2023

Net Income

Up

$1,748,462

Up $1,085,672 (+164%) from 2023

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

2024

Assets$29,701,868
Liabilities$14,310,420
Net Assets$15,391,448

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

2024

Revenue$22,111,374
Expenses$20,362,912
Net Income$1,748,462
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 3, 2024
Return Version
2023v6.0
Gross Receipts
$22,111,374
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.

Management of the operation 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
Investments in Publicly Traded Securities$16,394,348$20,569,122▲ $4,174,774
Rtn Earn Endowment Incm Other Fnds$13,059,752$15,391,448▲ $2,331,696
Accounts Receivable$4,830,002$5,153,894▲ $323,892
Savings and Temporary Cash Investments$4,609,643$3,767,455▼ $842,188
Prepaid Expenses and Deferred Charges$163,398$132,080▼ $31,318
Cash and Non-Interest-Bearing Accounts$4,450$5,075▲ $625
Total Assets$26,058,535$29,701,868▲ $3,643,333
Other Assets Total$56,694$74,242▲ $17,548
Liabilities
Other Liabilities$12,032,513$13,276,605▲ $1,244,092
Accounts Payable and Accrued Expenses$966,270$1,033,815▲ $67,545
Total Liabilities$12,998,783$14,310,420▲ $1,311,637
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,059,752$15,391,448▲ $2,331,696
Total Liabilities and Net Assets / Fund Balance$26,058,535$29,701,868▲ $3,643,333
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Lyndon CooperChair & Boar--$629,810$629,810
Harmeet ChiangAssociate PrPT$133,622$265,338$398,960
Dr Sarah GlassOral PatholoPT$158,519$234,034$392,553
Dr Marlon LevyDirector-$182,121$31,772$205,175
Dr Sarah GlassOral Pathologist-$185,097$18,792$203,099
Dr Terence ImberyDirector-$158,519$8,389$179,376
Dr Omar AbubakerDirector-$163,176$17,916$173,094
James D ParrisFinancial anFT$136,164$32,062$168,226
Charles LockhartPresidentFT$138,010$18,002$165,520
Kimberly JacobsDirector ofFT$138,010$27,510$165,520
Dr Louis FormicaDirectorPT$136,164$272,332$159,926
Dr Duane SchaferDirectorPT$133,622$4,818$133,622
Patrice GrayDirector ofFT$121,991$8,718$130,709
Harmeet ChiangAssociate Professor-$97,879$15,764$106,268
Dr Steven LindauerSecretaryPT$90,484$20,857$102,031
Dr Lyndon CooperChair & Board Presi-$62,790$20,265$62,790
Dr Richard ArcherAdvisorPT$41,978$9,284$46,796
Dr Sharon LanningDirector-$25,833$344,986$25,833

Board Members and Trustees

NameTitle
Dr Jeffrey JohnsonDirector
Kimberly JacobsDirector of Finance
James D ParrisFinancial Analyst
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$20,672,449
Investment Income
$531,384
Other Revenue
$907,541
Change in Net Assets
$1,748,462

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,111,374
Revenue Not Reported on Form 990
$583,234
Total Revenue per Audited Statements
$22,694,608
Total Revenue per Form 990
$22,111,374
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,844,237
Other Expenses$5,005,314
Grants and Similar Amounts Paid$1,513,361
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,740,099$723,790-$10,463,889
Other Employee Benefits$1,172,875$60,126-$1,233,001
Current Officers, Directors, Trustees, and Key Employees$797,006$128,082-$925,088
Payroll Taxes$755,280$129,489-$884,769
Grants to Domestic Orgs$878,250--$878,250
All Other Expenses$648,449$19,458-$667,907
Grants to Domestic Individuals$635,111--$635,111
Pension Plan Contributions$320,654$16,836-$337,490
Travel$178,910$13,661-$192,571
Other Expenses$147,393$7,685-$155,078
Information Technology$126,533$7,355-$133,888
Occupancy$109,535--$109,535
Insurance$116,432$-21,019-$95,413
Fees for Services Accounting-$50,900-$50,900
Office Expenses$45,239$1,391-$46,630
Fees for Services Management$40,372$1,242-$41,614
Advertising$38,937$2,450-$41,387
Fees for Services Legal$550$30,108-$30,658
Total Functional Expenses$19,139,019$1,223,893$0$20,362,912

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$20,362,912
Total Expenses per Audited Statements$20,362,912
Total Expenses per Form 990$20,362,912
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mcv FoundationRichmond, VA501c3Support$875,000
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$11,343,867
Customer Deposits$1,932,738
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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 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. Each officer of the association must be a full-time member of the faculty or staff of the school or a full-time employee of the association.

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 director of finance 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 12C

Vcu monitors the conflict of interest policy.

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 15B

All officers and key employees compensation is reviewed by the organization's human resources department.

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
521 NORTH 11TH STREET, RICHMOND, VA 23298-5016
Doing Business As
Vcu Dental Care

Signing Officer

Name
Dr Lyndon Cooper
Title
Chair & Board Presi
Phone
8048283368
Signed
2024-12-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Lyndon Cooper
Formed
1991
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
2
Employees
282

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 - ORGANIZATION'S MISSION

Management of the operation 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.

Financial Statement Notes

Schedule D, Page 3, Part X

The corporation is generally exempt from federal and state income taxes udner section 501(c)(3) of the internal revenue code (the code). Contributions to the corporation are tax deductible within the limitations prescribed by the code. The organization had no unrelated business taxable income for the year ended june 30, 2024. Manangement evaluated the corporation's tax positions and concluded that the corporation had maintained its tax-exempt status and had taken no uncertain tax positions that require adjustment to the financial statements. Therefore, no provision or liability for the income taxes has been included in the financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13FINANCIAL AN
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF
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IRS990/MissionDesc0MANAGEMENT OF THE OPERATION 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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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SCHOOL OF DENTISTRY VIRGINIA COMMONWEALTH UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1MCV ASSOCIATED PHYSICIANS
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0SCHOOL OF DENTISTRY VIRGINIA COMMONWEALTH UNIVERSITY
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO VCU SCHOOL OF DENTISTRY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CUSTOMER DEPOSITS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UDNER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE). CONTRIBUTIONS TO THE CORPORATION ARE TAX DEDUCTIBLE WITHIN THE LIMITATIONS PRESCRIBED BY THE CODE. THE ORGANIZATION HAD NO UNRELATED BUSINESS TAXABLE INCOME FOR THE YEAR ENDED JUNE 30, 2024. MANANGEMENT EVALUATED THE CORPORATION'S TAX POSITIONS AND CONCLUDED THAT THE CORPORATION HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR THE INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt022694608
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt020362912

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$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
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$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