Louisiana Dental Association Foundation

“The louisiana dental association has common board members and membership that contribute to this entity. The officers use the administrative staff of louisiana dental association to pay bills, keep accounting records, make deposits, and generate reports on their behalf. An administrative fee is paid by this entity to louisiana dental association for the services performed. Louisiana dental association reports the administrative fee they receive as unrelated business taxable income.”

“The foundation is made up of members of the louisiana dental association, inc.”

“The board has retained the services of an independent public accounting firm to prepare the annual irs form 990. A copy is presented to the president for his review & signature & a copy of the 990 is provided to all board members.”

“Other organization documents publicly available governing documents and financial statements available upon request.”

“Tax software has limitations on title/position for trustees. We are utilizing schedule o to provide the actual titles to these trustees. Dr. L. King scott - president, dr. Glen corcoran - class 1 trustee, dr. Stephen morgan - class 1 trustee, dr. Mike luminais - class 1 trustee, dr. Kristi soileau - class 1 trustee, dr. Maria burmaster - class 1 trustee, dr. William a. Hadlock - class 1 trustee, dr. Lance savoie - class 1 trustee, & dr. Vincent dileo - class 1 trustee.”

“During the calendar year ended december 31, 2022, this organization received donations from some members of a related organization, i.e. The louisiana dental association, which is a tax exempt non-profit entity. Lda is not a controlled entity by this organization nor is this organization a controlled entity of lda pursuant to code 512b13. For full disclosure purposes because the membership of this organization are also members of lda we are disclosing all transactions between these two entities on schedule r. The related entity, the louisiana dental association, fid 72-0428263, receives these funds from specific individuals and then immediately transfers these funds to this tax exempt entity. No single contribution by a member exceeded the $ 5,000 threshold to louisiana dental association which in turn transfer to this entity..”

“Out of an abundance of caution, this entity's board is comprised of board members from the louisiana dental association, fid 72-0428263. This entity operates as a stand alone entity but because of common board members, by definition of the instructions to schedule r, control could be assumed by lda over this entity. Accordingly, all transactions executed between this entity and lda have been disclosed on schedule r.”