DR EDWARD B SHILS ENTREPRENEURIAL FUND INC

EIN: 452496259 501(c)(3) Public & Societal Benefit

MELVILLE, NY

Total Revenue
$-71,992
Total Expenses
$48,214
Total Assets
$364,427
Net Assets
$354,427
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NY
Principal Officer
STEVEN W KESS
Phone
6318435500
Tax Period
2021-01-01 to 2021-12-31

DR EDWARD B SHILS ENTREPRENEURIAL FUND INC, founded in 2011, is a micro nonprofit in the Public & Societal Benefit sector that reported $72K in total revenue in fiscal year 2021. Revenue fell 270% from the prior year — a significant decline worth monitoring.

Mission

RECOGNIZE, DEVELOP AND CONNECT HEALTH CARE LEADERSHIP TO INNOVATIVE,ENTREPRENEURIAL APPROACHES ADVANCING ORAL HEALTH AND ITS LINK TO OVERALL HEALTH.

Program Service Accomplishments

Program 1
Expenses: $15,469

THE DR. EDWARD B. SHILS ENTREPRENURIAL 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...

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THE DR. EDWARD B. SHILS ENTREPRENURIAL 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 POSITIVELY INFLUENCED THE DENTAL AND MEDICAL COMMUNITY IN THE PUBLIC HEALTH ARENA. IN 2020, THE SHILS FUND HELD 6 BOARD MEETINGS. DUE TO COVID-19, THE SHILS FUND HELD A VIRTUAL 2020 SHILS AWARDS CEREMONY ON OCTOBER 13TH, THE SHILS AWARDS ARE GIVEN ANNUALLY TO RECOGNIZE INDIVIDUALS, ORGANIZATIONS AND PROGRAMS THAT HAVE MADE SIGNIFICANT POSITIVE IMPACTS ON THE ORAL HEALTH COMMUNITY AND THE HEALTH OF THE PUBLIC. THE PRESENTER AND SPONSOR OF THE 2020 AWARDS CEREMONY WAS STANLEY M. BERGMAN, CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICER OF HENRY SCHEIN, INC. THE 2020 SHILS FUND INNOVATOR AWARDS WERE PRESENTED TO: RICHARD VALACHOVIC, DMD, MPH, ADEA PRESIDENT (RETIRED)- IN RECOGNITION OF HIS "EXCELLENCE IN ACADEMIA" ROBERT GANLEY, FORMER CEO, IVOCLAR VIVADENT,INC.,- IN RECOGNITION OF HIS"EXCELLENCE IN INDUSTRY" EVE CUNY, RDA, MS AND KATHY EKLUND,RDH,MHP, THE ORGANIZATION FOR SAFETY ASEPSIS AND PREVENTION (OSAP) IN RECOGNITION OF THEIR THEIR "EXCELLENCE IN A NONPROFIT ORGANIZATION AWARD" BLAKE M. WARNER, DDS, PHD,MPS, ASSISTANT CLINICAL INVESTIGATOR, NATIONAL INSTITUTE OF DENTAL & CANIOFACIAL RESEARCH- IN RECOGNITION OF HIS "EXCELLENCE IN RESEARCH" THE SPECIAL RECOGNITION AWARD WAS PRESENTED TO TIMOTHY L. RICKS,DMD,MPH,FICD,REAR ADMIRAL (RADM), ASSISTANT SURGEON GENERAL, CHEIF DENTAL OFFICER,U.S.PUBLIC HEALTH SERVICE AND A SECOND SPECIAL RECOGNITION AWARD WAS RECEIVED BY PHILADELPHIA FIGHT HEALTH CARE CENTERS. THE SHILS-MESKIN AWARD WAS GIVEN TO DR. MICHAEL ALFANO, PROFESSOR, DEAN & EXECUTIVE VICE PRESIDENT EMERITUS OF NYU. THE COHEN-VOLPE AWARD WAS PRESENTED TO DAN PERKINS, OWNER/CEO, AEGIS. IN ADDITION, THE SHILS FUND CONTINUED TO SUPPORT EDUCATION PROGRAMS WITH A $5000 GRANT TO THE HSCF MASK CAMPAIGN. IN SEPTEMBER,THE SHILS FUND BECAME THE OFFICIAL FOUNDING SPONSOR OF DENTAL INNOVATORS,CREATORS & ENTREPENEURS (DICE), AN ORAL HEALTH INCUBATOR FOUNDED IN 2017 BY FORMER DENTAL STUDENTS OF UNIVERSITY OF PENNSYLVANIA SCHOOL OF DENTAL MEDICINE, TO CULTIVATE INNOVATION AND ENTREPRENEURSHIP. THE FORMALIZATION OF THE SHILS FUND AND DICE TWO-YEAR ASSOCIATION ($10,000 EACH YEAR 2020 AND 2021) ENABLES DICE TO EXPAND ITS REACH AND PROVIDE NEW AND INCREASED OPPORTUNITIES FOR ASPIRING DENTAL STUDENT ENTREPRENEURS IN DENTAL SCHOOLS AROUND THE COUNTRY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $75,186
Program Service Revenue $0
Investment Income $-147,178
Other Revenue $0
TOTAL REVENUE $-71,992

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $15,469
Other Expenses $38,214
TOTAL EXPENSES $48,214

Year-over-Year Comparison

2021 2020 Change
Revenue $-71,992 $42,342 -2.7%
Expenses $48,214 $88,513 -0.5%
Net Income $-120,206 $-46,171 +1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
22

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN W KESS PRESIDENT 5.00
Officer Director
$0 $0 $0
DR ALLEN FINKELSTEIN VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
ANTHONY G MONTEMURRO DIRECTOR 5.00
Director
$0 $0 $0
HENRY L BERMAN DIRECTOR 5.00
Director
$0 $0 $0
KEITH DRAYER TREASURER 5.00
Officer Director
$0 $0 $0
DR LAWRENCE CAPLIN DIRECTOR 5.00
Director
$0 $0 $0
DR LOIS K COHEN DIRECTOR 5.00
Director
$0 $0 $0
DR TERESA A DOLAN DIRECTOR 5.00
Director
$0 $0 $0
DR LESLIE E GRANT DIRECTOR 5.00
Director
$0 $0 $0
SONYA G SMITH DIRECTOR 5.00
Director
$0 $0 $0
ALYSE O'KELLY DIRECTOR 5.00
Director
$0 $0 $0
FOTINO S PANAGAKOS DIRECTOR 5.00
Director
$0 $0 $0
DR LAWRENCE PAUL DIRECTOR 5.00
Director
$0 $0 $0
JOSEPH PERSICHETTI DIRECTOR 5.00
Director
$0 $0 $0
DR MARGARET SCARLETT DIRECTOR 5.00
Director
$0 $0 $0
VICKIE WAITSMAN DIRECTOR 5.00
Director
$0 $0 $0
GEORGE WOLFE DIRECTOR 5.00
Director
$0 $0 $0
PAUL MONDOCK DIRECTOR 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $-71,992 $48,214 $364,427 $-120,206
2020 $42,342 $88,513 $484,451 $-46,171
2019 $107,663 $141,738 $530,440 $-34,075
2018 $84,192 $59,103 $496,562 $25,089
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