Totals
- Total revenue
- $3,819,593
- Total expenses
- $5,860,244
- Contributions and grants received
- $2,048,084
- Grants paid
- $2,588,913
- Program service revenue
- $203,294
- Investment income
- $1,568,215
- Other revenue
- $0
- Total assets, end of year
- $56,683,934
- Total liabilities, end of year
- $2,477,089
- Net assets or fund balances, end of year
- $54,206,845
- Program services expenses (Part IX)
- $3,974,026
- Management and general expenses
- $946,213
- Fundraising expenses
- $940,005
- Program service expenses (Part III)
- $3,974,026
Program services were 67.8% 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
$2,048,084
-
2a · Program service revenue: MEETING REGISTRATION
total $203,294 · related or exempt $203,294
-
3 · Investment income
total $1,230,826 · excluded $1,230,826
-
7a · Gross sales of assets other than inventory
securities $18,708,284
-
7b · Less cost or other basis and sales expenses
securities $18,370,895
-
7c · Gain or loss
securities $337,389
-
7d · Net gain or loss
total $337,389 · excluded $337,389
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $2,588,913 · program services $2,588,913
-
5 · Compensation of officers, directors and key employees
total $798,594 · program services $186,500 · management and general $260,093 · fundraising $352,001
-
7 · Other salaries and wages
total $343,757 · program services $77,054 · management and general $116,758 · fundraising $149,945
-
9 · Other employee benefits
total $19,867 · program services $7,520 · management and general $2,508 · fundraising $9,839
-
10 · Payroll taxes
total $53,369 · program services $12,808 · management and general $16,544 · fundraising $24,017
-
11b · Fees: legal
total $16,468 · management and general $16,468
-
11c · Fees: accounting
total $144,977 · management and general $144,977
-
11f · Fees: investment management
total $237,070 · management and general $237,070
-
11g · Fees: other
total $28,013 · management and general $28,013
-
12 · Advertising and promotion
total $188,680 · fundraising $188,680
-
13 · Office expenses
total $21,720 · program services $5,213 · management and general $6,733 · fundraising $9,774
-
14 · Information technology
total $97,920 · program services $23,501 · management and general $30,355 · fundraising $44,064
-
16 · Occupancy
total $187,911 · program services $45,099 · management and general $58,252 · fundraising $84,560
-
19 · Conferences, conventions and meetings
total $882,947 · program services $839,161 · management and general $15,430 · fundraising $28,356
-
22 · Depreciation, depletion and amortization
total $29,978 · program services $7,195 · management and general $9,293 · fundraising $13,490
-
24a · Other expenses: SPECIAL PROJECTS
total $96,175 · program services $96,175
-
24b · Other expenses: PRINTING & PUBLICATIONS
total $93,038 · program services $84,655 · management and general $3,419 · fundraising $4,964
-
24c · Other expenses: BANKING & CREDIT CARD
total $29,879 · fundraising $29,879
-
24d · Other expenses: DUES, SUBSCRIPTIONS & E
total $968 · program services $232 · management and general $300 · fundraising $436
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $973,921 · end of year $730,525
-
2 · Savings and temporary cash investments
beginning of year $2,282,877 · end of year $816,930
-
4 · Accounts receivable
beginning of year $640,341 · end of year $848,208
-
10a · Land, buildings and equipment: cost or other basis
$239,158
-
10b · Land, buildings and equipment: accumulated depreciation
$207,492
-
10c · Land, buildings and equipment, net
beginning of year $56,454 · end of year $31,666
-
11 · Investments: publicly traded securities
beginning of year $48,388,000 · end of year $53,560,640
-
15 · Other assets
beginning of year $836,435 · end of year $695,965
-
17 · Accounts payable and accrued expenses
beginning of year $344,336 · end of year $347,757
-
18 · Grants payable
beginning of year $1,518,967 · end of year $1,483,966
-
19 · Deferred revenue
beginning of year $363,641 · end of year $266,745
-
25 · Other liabilities
beginning of year $504,826 · end of year $378,621
-
27 · Net assets without donor restrictions
beginning of year $48,071,869 · end of year $52,057,956
-
28 · Net assets with donor restrictions
beginning of year $2,374,389 · end of year $2,148,889
Mission and programs · 2023
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 PURPOSES 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 $3,974,026 · Grants $2,588,913 · Revenue $203,294
As filed on the 2023 return.
Listed in Part VII
-
Janet A Fairley MDJANET A FAIRLEY MD
PRESIDENT/DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Sewon Kang MDSEWON KANG MD
VICE-PRESIDENT/DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Renee J Mathur MDRENEE J MATHUR MD
SECRETARY-TREASURER/DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Elizabeth I McBurney MDELIZABETH I MCBURNEY MD
CHAIR, BOARD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 5
-
Yvonne E Chiu MDYVONNE E CHIU MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
George Cotsarelis MDGEORGE COTSARELIS MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Eric S Fromer MDERIC S FROMER MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Stuart R Lessin MDSTUART R LESSIN MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kishwer S Nehal MDKISHWER S NEHAL MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ginette A OkoyeGINETTE A OKOYE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John T Seykora MDJOHN T SEYKORA MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jonathan S Weiss MDJONATHAN S WEISS MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John BournasJOHN BOURNAS
EXECUTIVE DIRECTOR
- Total calculated
- $461,933
- From this org
- $428,387
- From related orgs
- $0
- Other
- $33,546
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $347,012
- Bonus
- $81,375
- Other
- $0
- Deferred
- $15,400
- Nontaxable benefits
- $18,146
- Filer's total
- $461,933
-
Christine BorisCHRISTINE BORIS
DEPUTY EXECUTIVE DIRECTOR
- Total calculated
- $313,765
- From this org
- $286,587
- From related orgs
- $0
- Other
- $27,178
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $243,966
- Bonus
- $42,621
- Other
- $0
- Deferred
- $9,752
- Nontaxable benefits
- $17,426
- Filer's total
- $313,765
-
James StruthersJAMES STRUTHERS
DIRECTOR OF DEVELOPMENT
- Total calculated
- $168,409
- From this org
- $145,513
- From related orgs
- $0
- Other
- $22,896
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $119,763
- Bonus
- $25,750
- Other
- $0
- Deferred
- $5,892
- Nontaxable benefits
- $17,004
- Filer's total
- $168,409
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)
- PART I, LINE 1A:
- A HEALTH OR SOCIAL CLUB BENEFIT IS AVAILABLE TO ALL EMPLOYEES. THE BENEFIT IS TREATED AS A TAXABLE FRINGE BENEFIT ON THE ANNUAL W-2.
- PART I, LINE 7:
- 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
- 2023
- Filed
- 1 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443189349301729
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