2025-09-26T13:50:55-05:00 2024-12-31 204989621 VERDEJA & ALVAREZ LLP 255 ALHAMBRA CIR STE 630 CORAL GABLES FL 331347417 990 2024-01-01 591298070 LD PANKEY DENTAL FOUNDATION INC LDPA 3054285500 ONE CRANDON BOULEVARD KEY BISCAYNE FL 33149 DR LEE BRADY EXECUTIVE DIRECTOR 3054285500 2025-09-26 1 1 OCTAVIO R VERDEJA P00678119 3054463177 2025-09-26 2024 2025-03-06 01:10:19Z THE PANKEY INSTITUTE DR LEE BRADY ONE CRANDON BOULEVARD KEY BISCAYNE FL 33149 5702653 0 X WWW.PANKEY.ORG X 1969 FL TO PROVIDE TRAINING TO DENTISTS & DENTAL TECHNICIANS NEWEST DENTAL TECHNOLOGIES. 15 15 19 0 0 0 960927 1253405 3522671 4113283 101056 142035 40957 40854 4625611 5549577 8600 43950 0 0 1275305 1517726 0 0 595980 3270228 3637903 4554133 5199579 71478 349998 9463564 10687043 3760234 4517809 5703330 6169234 X THE PANKEY INSTITUTE (THE INSTITUTE) OFFERS COURSES FOR CONTINUING EDUCATION CREDITS TO DENTISTS AND DENTAL TECHNICIANS TAUGHT BY A GROUP OF PROFESSIONALS WHO OFFER THEIR EXPERTISE WITH A UNIQUE INSIGHT TO DENTISTRY. THE INSTITUTE OWNS TWO CONDO UNITS TO FACILITATE THE LODGING OF THEIR STUDENTS WHILE PARTICIPATING IN ITS COURSES. PROFESSIONALS WHO HAVE ATTENDED THE COURSES CAN JOIN OUR ALUMNI ASSOCIATION AND NETWORK WITHIN OUR ALUMNAE. THE INSTITUTE CARRIES IN ITS RESOURCE CENTER THE MATERIALS USED IN THE COURSES TO GIVE THE COURSE PARTICIPANTS THE OPPORTUNITY TO UTILIZE THE NEWLY LEARNED TECHNIQUES WITH THE PRODUCTS USED IN ITS LABS. 0 0 3804663 43950 4165048 2024 WAS ANOTHER EXCEPTIONAL YEAR ALL AROUND. CONTINUED EDUCATION REGISTRATIONS EXCEEDED BUDGETED NUMBERS BY 163. ESSENTIALS COURSES HAD 341 REGISTRATIONS, MASTERY AND FOCUS COURSES HAD 267 REGISTRATIONS AND ONLINE COURSES REGISTERED 204 PARTICIPANTS. WE HELD ONE OFFSITE ESSENTIALS ONE COURSES THAT WAS SOLD OUT. THIS SUCCESS IS ALSO GENERATING INTEREST FROM OTHER DENTAL CONFERENCES FOR 2025. OUR ANNUAL SYMPOSIUM HELD IN ARIZONA WAS ALSO A GREAT SUCCESS WITH 216 PARTICIPANTS.WE HAD ANOTHER OUTSTANDING DEVELOPMENT YEAR IN 2024. OUR COMMUNITY CONTINUES TO SHOW THEIR SUPPORT, WHICH IN TURN ALLOWED THE INSTITUTE TO GIVE BACK BY AWARDING 41 SCHOLARSHIPS, OF WHICH 21 WERE AWARDED TO RECENT GRADUATES. 3804663 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 77 0 1 19 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 0 0 FL X MARIO MEDINA 3054285538 ONE CRANDON BOULEVARD KEY BISCAYNE FL 33149 DR DAVID SWAN CHAIR 2.00 X X 0 0 0 DR KEVIN DUBOSE VICE CHAIR 2.00 X X 0 0 0 DR TODD SANDER TREASURER 2.00 X X 0 0 0 DR CLAYTON DAVIS SECRETARY 2.00 X X 0 0 0 DR KELLEY BRUMMETT DIRECTOR 2.00 X 0 0 0 DR MICHAEL CRETE DIRECTOR 8.00 X 24000 0 0 DR LYNNE GERLACH DIRECTOR 2.00 X 0 0 0 MR JOHN LAVICKA CDT DIRECTOR 2.00 X 0 0 0 DR MICHELLE LEE DIRECTOR 2.00 X 0 0 0 DR C ROGER MACIAS DIRECTOR 2.00 X 0 0 0 DR RANDOLPH MARTIN DIRECTOR 2.00 X 0 0 0 MR KEN RUNKLE DIRECTOR 2.00 X 0 0 0 DR ELIZABETH RYDELL DIRECTOR 2.00 X 0 0 0 DR MICHAEL SCHERB DIRECTOR 2.00 X 0 0 0 DR DENNIS STILES DIRECTOR 2.00 X 0 0 0 MARIA C CASANUEVA DIRECTOR OF OPERATIONS 50.00 X 166128 0 4984 190128 0 4984 2 0 1 0 CROSSOVER SOLUTIONS LLC 22210 N 36TH WAY PHOENIX AZ 85050 EXECUTIVE DIRECTOR AND IT SERVICES 421369 CREATRICE CONSULTING LLC 23029 N 94TH ST SCOTTSDALE AZ 85255 MARKETING 222895 OTIS ELEVATOR COMPANY ONE CARRIER PLACE FARMINGTON CT 06032 ELEVATOR MODERNIZATION PROJECT 222018 CAPROD SERVICE MAINTENANCE CORP 3019 NW 11 ST MIAMI FL 33125 BUILDING MAINTENANCE, HOUSEKEEPING 186895 4 152502 1100903 37664 1253405 TUITION REVENUE 900099 3162132 3162132 HOUSING REVENUE 900099 547660 547660 ANNUAL SYMPOSIUM 900099 344775 344775 SUBSCRIPTION REVENUE 900099 58716 58716 4113283 139268 139268 2767 0 2767 2767 2767 41720 49863 -8143 -8143 136987 103213 33774 33774 MISCELLANEOUS INCOME 900099 15223 15223 15223 5549577 4165047 0 131125 X 43950 43950 140060 133057 7003 1158023 895952 163070 99001 30783 21247 7022 2514 91691 63286 20917 7488 97169 67067 22167 7935 787658 501883 101635 184140 39730 39730 497075 361887 120052 15136 317431 268727 46199 2505 95439 74436 3943 17060 24442 18123 5413 906 607220 450236 134481 22503 230763 184785 40980 4998 PROGRAM RELATED 617420 617420 SPECIAL EVENTS 249682 99289 150393 LODGING 96645 96645 FUNDRAISING 74398 74398 5199579 3804663 798936 595980 1557 1644 3276183 3833066 283699 418587 56651 45504 109883 96653 243291 214220 11502635 6889213 4564847 4613422 927453 1463947 9463564 10687043 132669 318603 2738307 3411808 120000 60000 769258 727398 3760234 4517809 X 5116347 5108372 586983 1060862 5703330 6169234 9463564 10687043 349998 115906 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 586983 390524 102105 18750 1060862 461869 80560 72628 28074 586983 368198 160937 -67266 461869 337764 30434 368198 287836 18094 31834 337764 1.00000 0 0 972952 972952 10529683 6889213 3640470 4613422 VANGUARD ACCOUNTS - SECURITIES 1463947 C 1463947 X 5818559 115906 153076 268982 5549577 0 5549577 5352655 153076 153076 5199579 0 5199579 PART V, LINE 4: THE ORGANIZATION MAINTAINS AN ENDOWMENT FUND CONSISTING OF GIFTS RESTRICTED BY DONORS FOR PERMANENT INVESTMENT. THE FUNDS ARE RESTRICTED FOR SCHOLARSHIP AWARDS AND FACULTY ENHANCEMENT TRAININGS. PART X, LINE 2: THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF ASC NO 740, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" ("ASC NO 740"). ASC 740 REQUIRED THAT THE IMPACT OF TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. AT 12/31/24, THERE WERE NO UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES TAX RETURNS WITH US FEDERAL AND OTHER TAX AUTHORITIES FOR WHICH STATUE LIMITATIONS MAY GO BACK TO THE YEAR ENDED 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 103,213. SPECIAL EVENT EXPENSES 49,863. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 103,213. SPECIAL EVENT EXPENSE 49,863. 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATORY POLICY IS PUBLICIZED IN ALL PUBLICATIONS RELATED TO THE INSTITUTE, AS WELL AS, ON THE WEBSITE. SCHEDULE E, PART I, LINE 4 THE ORGANIZATION DOES NOT KEEP RECORDS INDICATING THE RACIAL COMPOSITION OF THE STUDENT BODY, FACULTY AND ADMINISTRATIVE STAFF. BOTANICAL GARDEN DINNER 31320 31320 45502 DENTAL HEROES 6500 6500 855 1 3900 3900 3506 41720 41720 49863 49863 -8143 0 SCHOLARSHIPS 14 43950 N/A N/A X X X 0 0 0 0 0 0 0 0 0 MARIA C CASANUEVA DIRECTOR OF OPERATIONS 166128 0 0 0 0 0 4984 0 0 0 171112 0 0 0 RESTORATIVE NATION LLC THE EXECUTIVE DIRECTOR OF THE ORGANIZATION OWNS RESTORATIVE NATION, LLC. ACQUISITION OF ADVANCED DENTAL EDUCATION MATERIAL X 300000 60000 0 1 1 60000 X 2 31664 FMV X 3D PRINTER 1 6000 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE ORGANIZATION ARE CALLED ADVISORS. ADVISORS SHALL HAVE VOTING OR OTHER CONSENSUAL RIGHTS WITH RESPECT TO THE GOVERNANCE OF THE AFFAIRS OF THE CORPORATION ONLY AS SPECIFICALLY PROVIDED IN THE BY-LAWS. CANDIDATES FOR NEW ADVISORS SHALL BE SELECTED BY THE NOMINATING COMMITTEE, FROM TIME TO TIME, AND SUBMITTED TO THE BOARD. NAMES OF POTENTIAL CANDIDATES FOR ADVISORS SHALL BE SUBMITTED IN WRITING TO THE NOMINATING COMMITTEE BY ANY ADVISOR AT LEAST 90 DAYS PRIOR TO THE ANNUAL MEETING OF ADVISORS. THE BOARD SHALL HAVE THE POWER TO APPROVE NEW ADVISORS BY A MAJORITY VOTE OF THE BOARD DURING ANY OFFICIAL MEETING. ADVISORS ARE ENCOURAGE TO MAKE AN ANNUAL DONATION. IN ORDER TO REMAIN IN GOOD STANDING, ADVISORS SHALL ATTEND REGULAR MEETINGS, AS OUTLINED IN THE BOARD POLICY MANUAL. . A PERSON WHO IS ADMITTED AS AN ADVISOR SHALL REMAIN AN ADVISOR FOR AN INDEFINITE TERM, OR UNTIL HIS OR HER EARLIER RESIGNATION, DEATH OR EXPULSION. A PERSON MAY BE ADMITTED AS AN ADVISOR BY A MAJORITYOF THE ENTIRE BOARD. DIRECTORS WHO HAVE COMPLETED THEIR TERM OF SERVICE ON THE BOARD OF DIRECTORS WILL CONTINUE TO BE ADVISORS, SO LONG AS THEY REMAIN IN GOOD STANDING. FORM 990, PART VI, SECTION A, LINE 7A THE FUNCTIONS AND POWERS OF THE ADVISORS ARE TO ELECT PERSONS TO THE BOARD AT THE ANNUAL MEETING OF THE ADVISORS, INCLUDING ELECTION BY THE FLOOR NOMINATION, NOMINATE AND ELECT PERSONS TO THE NOMINATING COMMITTEE, RECOMMEND PERSONS AS CANDIDATES TO FILL VACANCIES ON THE BOARD, AND ELECT PERSONS FOR VACANCIES ON THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B ADVISE THE BOARD ON MATTERS PERTAINING TO THE CORPORATION'S GOALS AND MISSION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD WILL BE PROVIDED A COPY OF THE FORM 990 VIA E-MAIL PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IS AN INTERESTED PERSON. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OR EXECUTIVE COMMITTEE. ANY DIRETOR MAY RECUES HIMSELF OR HERSELF AT ANY TIME FROM INVOLVEMENT IN ANY DECISION OR DISCUSSION IN WHICH THE DIRECTOR BELIEVES HE OR SHE HAS OR MAY HAVE A CONFLICT OF INTEREST, WITHOUT GOING THROUGH THE PROCESS OF DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR EXECUTIVE COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR EXECUTIVE COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR EXECUTIVE COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE BOARD OR EXECUTIVE COMMITTEE SHALL, IF APPROPIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR EXCUTIVE COMMITTEE SHALL DETERMINE WHETHER L.D. PANKEY DENTAL FOUNDATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR EXECUTIVE COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN L.D. PANKEY DENTAL FOUNDATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. THE MINUTES OF THE BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS SHALL CONTAIN: THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE BOARD'S OR EXECUTIVE COMMITTEE'S DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDINGS. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLCIY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS L.D. PANKEY DENTAL FOUNDATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPORSES. FORM 990, PART VI, SECTION B, LINE 15A CONSISTING OF THREE (3) OR MORE DIRECTORS. DIRECTORS WHO ARE ALSO EMPLOYEES OF THE CORPORATION MAY NOT SERVE ON THE PERFORMANCE AND EVALUATION COMMITTEE. THE PERFORMANCE AND EVALUATION COMMITTEE SHALL REVIEW THE COMPENSATION OF THE EXECUTIVE DIRECTOR, NOT LESS THAN ANNUALLY AND WHENEVER A MODIFICATION IN COMPENSATION IS PROPOSED. THE REVIEW SHALL INCLUDE AN EVALUATION OF THE PERFORMANCE OF THE EXECUTIVE DIRECTOR AND ANALYSIS OF APPROPRIATE COMPARABILITY DATA BASED ON ITS REVIEW. THE PERFORMANCE AND EVALUATION COMMITTEE SHALL RECOMMEND JUST AND REASONABLE COMPENSATION AMOUNTS FOR THE OFFICERS TO THE BOARD. AT THE REQUEST OF THE EXECUTIVE DIRECTOR OR THE BOARD, THE PERFORMANCE AND EVALUATION COMMITTEE SHALL REVIEW ANY ISSUE INVOLVING STAFF COMPENSATION AND BENEFITS. IN PERFORMING ITS FUNCTIONS, THE PERFORMANCE AND EVALUATION COMMITTEE MAY RETAIN THE SERVICES OF INDEPENDENT CONSULTANTS TO ADVISE IT ON MATTERS WITHIN THE PURVIEW OF THE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THIS ORGANIZATION DID NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 501,883. MANAGEMENT AND GENERAL EXPENSES 101,635. FUNDRAISING EXPENSES 184,140. TOTAL EXPENSES 787,658.