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← DERMATOLOGY FOUNDATION

Form 990 for tax year 2024

Filed by DERMATOLOGY FOUNDATION.

Totals

Total revenue
$7,193,686
Total expenses
$6,042,762
Contributions and grants received
$4,838,597
Grants paid
$2,517,672
Program service revenue
$277,060
Investment income
$2,078,029
Other revenue
$0
Total assets, end of year
$60,921,429
Total liabilities, end of year
$2,130,025
Net assets or fund balances, end of year
$58,791,404
Program services expenses (Part IX)
$4,557,635
Management and general expenses
$359,114
Fundraising expenses
$1,126,013
Program service expenses (Part III)
$4,557,635

Program services were 75.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $4,838,597

  • 2a · Program service revenue: MEETING REGISTRATION

    total $277,060 · related or exempt $277,060

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,222,975 · excluded $1,222,975

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $4,038,047

  • 7b · Less cost or other basis and sales expenses

    securities $3,182,993

  • 7c · Gain or loss

    securities $855,054 · other assets $0

  • 7d · Net gain or loss

    total $855,054 · excluded $855,054

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,517,672 · program services $2,517,672

  • 5 · Compensation of officers, directors and key employees

    total $814,182 · program services $439,591 · management and general $41,101 · fundraising $333,490

  • 7 · Other salaries and wages

    total $371,326 · program services $201,920 · management and general $4,146 · fundraising $165,260

  • 9 · Other employee benefits

    total $40,941 · program services $18,853 · management and general $17,903 · fundraising $4,185

  • 10 · Payroll taxes

    total $60,412 · program services $34,435 · management and general $1,812 · fundraising $24,165

  • 11b · Fees: legal

    total $22,900 · program services $13,053 · management and general $687 · fundraising $9,160

  • 11c · Fees: accounting

    total $133,137 · program services $75,888 · management and general $3,994 · fundraising $53,255

  • 11f · Fees: investment management

    total $271,123 · management and general $271,123

  • 11g · Fees: other

    total $32,482 · program services $18,515 · management and general $974 · fundraising $12,993

  • 12 · Advertising and promotion

    total $286,881 · program services $10,675 · management and general $419 · fundraising $275,787

  • 13 · Office expenses

    total $13,250 · program services $7,513 · management and general $395 · fundraising $5,342

  • 14 · Information technology

    total $105,970 · program services $59,487 · management and general $1,869 · fundraising $44,614

  • 16 · Occupancy

    total $177,601 · program services $101,232 · management and general $5,328 · fundraising $71,041

  • 19 · Conferences, conventions and meetings

    total $979,746 · program services $897,420 · management and general $5,712 · fundraising $76,614

  • 20 · Interest

    total $1,594 · program services $908 · management and general $48 · fundraising $638

  • 22 · Depreciation, depletion and amortization

    total $22,323 · program services $12,724 · management and general $670 · fundraising $8,929

  • 24a · Other expenses: PRINTING & PUBLICATIONS

    total $97,784 · program services $87,465 · management and general $699 · fundraising $9,620

  • 24b · Other expenses: BAD DEBT

    total $40,000 · program services $40,000

  • 24c · Other expenses: SPECIAL PROJECTS

    total $35,586 · program services $20,284 · management and general $1,068 · fundraising $14,234

  • 24d · Other expenses: BANKING & CREDIT CARD

    total $17,852 · management and general $1,166 · fundraising $16,686

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $730,525 · end of year $671,245

  • 2 · Savings and temporary cash investments

    beginning of year $816,930 · end of year $712,014

  • 4 · Accounts receivable

    beginning of year $848,208 · end of year $2,032,838

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $247,378

  • 10b · Land, buildings and equipment: accumulated depreciation

    $229,814

  • 10c · Land, buildings and equipment, net

    beginning of year $31,666 · end of year $17,564

  • 11 · Investments: publicly traded securities

    beginning of year $53,560,640 · end of year $56,828,581

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $695,965 · end of year $659,187

  • 17 · Accounts payable and accrued expenses

    beginning of year $347,757 · end of year $253,269

  • 18 · Grants payable

    beginning of year $1,483,966 · end of year $1,373,250

  • 19 · Deferred revenue

    beginning of year $266,745 · end of year $259,635

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $378,621 · end of year $243,871

  • 27 · Net assets without donor restrictions

    beginning of year $52,057,956 · end of year $54,271,379

  • 28 · Net assets with donor restrictions

    beginning of year $2,148,889 · end of year $4,520,025

Mission and programs · 2024

Mission

THE PRIMARY MISSION OF THE ORGANIZATION IS THE FUNDING OF RESEARCH IN THE FIELD OF DERMATOLOGY IN ORDER TO ADVANCE PATIENT CARE AND HELP DEVELOP AND RETAIN TOMORROW'S TEACHERS AND CLINICAL LEADERS IN THE SPECIALTY OF DERMATOLOGY.

Activities or mission (Part I)

THE PURPOSE OF THE ORGANIZATION IS THE FUNDING OF RESEARCH IN THE FIELD OF DERMATOLOGY IN ORDER TO ADVANCE PATIENT CARE AND HELP DEVELOP AND RETAIN TOMORROW'S TEACHERS AND CLINICAL LEADERS IN SPECIALTY.

  • SCIENTIFIC STUDY AND RESEARCH IN THE FIELD OF DERMATOLOGY WHICH IS CONDUCTED THROUGH UNIVERSITIES AND COLLEGES.

    Expenses $4,557,635 · Grants $2,517,672 · Revenue $277,060

As filed on the 2024 return.

Listed in Part VII

  • Elizabeth I McBurney MD

    CHAIR, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    5

  • Janet A Fairley MD

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Renee J Mathur MD

    SECRETARY-TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Sewon Kang MD

    VICE-PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Eric S Fromer MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • George Cotsarelis MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ginette A Okoye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • John T Seykora MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jonathan S Weiss MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kishwer S Nehal MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Stuart R Lessin MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Yvonne E Chiu MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Christine Boris

    DEPUTY EXECUTIVE DIRECTOR

    Total calculated
    $319,573
    From this org
    $290,337
    From related orgs
    $0
    Other
    $29,236
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $234,929
    Bonus
    $55,408
    Other
    $0
    Deferred
    $10,337
    Nontaxable benefits
    $18,899
    Filer's total
    $319,573

  • John Bournas

    EXECUTIVE DIRECTOR

    Total calculated
    $494,609
    From this org
    $455,094
    From related orgs
    $0
    Other
    $39,515
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $350,094
    Bonus
    $105,000
    Other
    $0
    Deferred
    $16,632
    Nontaxable benefits
    $22,883
    Filer's total
    $494,609

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees
A HEALTH OR SOCIAL CLUB IS AVAILABLE TO ALL EMPLOYEES. THE BENEFIT IS TREATED AS A TAXABLE FRINGE BENEFIT ON THE ANNUAL W-2
Schedule J, Part I, Line 7 Non-fixed payments
PERFORMANCE BASED BONUSES ARE MADE UPON THE RECOMMENDATION OF THE COMPENSATION COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.1
Source object
202503079349301815

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