2024-11-13T07:54:24-06:00 2023-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2023-01-01 046115524 DERMATOLOGY FOUNDATION DERM 8473282256 1560 SHERMAN AVENUE 500 EVANSTON IL 60201 DR JANET FAIRLEY PRESIDENT 8473282256 2024-11-01 1 1 DAVID LOWENTHAL P00378651 3122071040 2024-11-01 2023 2024-10-15 13:58:12Z JOHN BOURNAS 1560 SHERMAN AVENUE 500 EVANSTON IL 60201 22190488 0 X WWW.DERMATOLOGYFOUNDATION.ORG X 1964 MA 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. 12 12 5 100 0 0 3726692 2048084 211381 203294 1296493 1568215 0 0 5234566 3819593 2543258 2588913 0 0 1090924 1215587 0 0 940005 1581196 2055744 5215378 5860244 19188 -2040651 53178028 56683934 2731770 2477089 50446258 54206845 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. 0 0 3974026 2588913 203294 SCIENTIFIC STUDY AND RESEARCH IN THE FIELD OF DERMATOLOGY WHICH IS CONDUCTED THROUGH UNIVERSITIES AND COLLEGES. 3974026 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL NY X JOHN BOURNAS 8473282256 1560 SHERMAN SUITE 500 EVANSTON IL 60201 JANET A FAIRLEY MD PRESIDENT/DIRECTOR 5.00 0.00 X X 0 0 0 SEWON KANG MD VICE-PRESIDENT/DIRECTOR 5.00 0.00 X X 0 0 0 RENEE J MATHUR MD SECRETARY-TREASURER/DIRECTOR 5.00 0.00 X X 0 0 0 ELIZABETH I MCBURNEY MD CHAIR, BOARD OF DIRECTORS 5.00 0.00 X X 0 0 0 YVONNE E CHIU MD DIRECTOR 0.50 0.00 X 0 0 0 GEORGE COTSARELIS MD DIRECTOR 0.50 0.00 X 0 0 0 ERIC S FROMER MD DIRECTOR 0.50 0.00 X 0 0 0 STUART R LESSIN MD DIRECTOR 0.50 0.00 X 0 0 0 KISHWER S NEHAL MD DIRECTOR 0.50 0.00 X 0 0 0 GINETTE A OKOYE DIRECTOR 0.50 0.00 X 0 0 0 JOHN T SEYKORA MD DIRECTOR 0.50 0.00 X 0 0 0 JONATHAN S WEISS MD DIRECTOR 0.50 0.00 X 0 0 0 JOHN BOURNAS EXECUTIVE DIRECTOR 60.00 0.00 X 428387 0 33546 CHRISTINE BORIS DEPUTY EXECUTIVE DIRECTOR 50.00 0.00 X 286587 0 27178 JAMES STRUTHERS DIRECTOR OF DEVELOPMENT 37.50 0.00 X 145513 0 22896 860487 0 83620 3 0 1 0 0 2048084 2048084 MEETING REGISTRATION 611710 203294 203294 203294 1230826 1230826 18708284 18370895 337389 337389 337389 3819593 203294 0 1568215 2588913 2588913 798594 186500 260093 352001 343757 77054 116758 149945 19867 7520 2508 9839 53369 12808 16544 24017 16468 16468 144977 144977 237070 237070 28013 28013 188680 188680 21720 5213 6733 9774 97920 23501 30355 44064 187911 45099 58252 84560 882947 839161 15430 28356 29978 7195 9293 13490 SPECIAL PROJECTS 96175 96175 PRINTING & PUBLICATIONS 93038 84655 3419 4964 BANKING & CREDIT CARD 29879 29879 DUES, SUBSCRIPTIONS & E 968 232 300 436 5860244 3974026 946213 940005 973921 730525 2282877 816930 640341 848208 239158 207492 56454 31666 48388000 53560640 836435 695965 53178028 56683934 344336 347757 1518967 1483966 363641 266745 504826 378621 2731770 2477089 X 48071869 52057956 2374389 2148889 50446258 54206845 53178028 56683934 -2040651 5801237 0 X 0 1 X 1 0 X 5085107 2340219 2928518 3726692 2048084 16128620 5085107 2340219 2928518 3726692 2048084 16128620 1875940 14252680 1664551 2066105 4015654 1644749 1230826 10621885 26750505 414675 0.53280 0.55390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39507483 546642 6402976 1799539 44657562 49254425 314203 -8328616 1732529 39507483 45245091 611513 5055796 1657975 49254425 40032031 667713 6006565 1461218 45245091 32764114 2270247 6372796 1365126 10000 40032031 1.00000 0.00000 0.00000 0 0 239158 207492 31666 31666 DEFERRED COMPENSATION 192450 RIGHT OF USE LIABILITY 186171 378621 9383760 5801237 5801237 3582523 237070 237070 3819593 5623173 0 5623173 237070 237070 5860243 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT WAS ESTABLISHED TO ENSURE THE FUTURE STABILITY OF THE ORGANIZATION AND PROVIDE ADDITIONAL FUNDS FOR PURPOSES OF AWARDING FELLOWSHIPS AND GRANTS. THE ORGANIZATION HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 4% OF ITS ASSETS BASED ON THE TRAILING TWELVE QUARTER MARKET VALUE. THE MAIN FUNDING SOURCE OF THE ENDOWMENT IS INVESTMENT INCOME AND AN ALLOCATION OF CERTAIN DONATION CATEGORIES. 1 GRANTS AWARDED TO ADVANCE THE EARLY RESEARCH EFFORTS OF INDIVIDUALS IN THE FIELDS OF DERMATOLOGY AND CUTANEOUS BIOLOGY. 61 2588913 PART I, LINE 2: THE FOUNDATION MONITORS THE GRANTS THAT ARE DISBURSED BY REQUIRING THE RECIPIENTS TO PROVIDE A DETAILED RECORD OF ACCOUNTING FOR THE GRANT AND A WRITTEN SUMMARY OF MEDICAL FINDINGS. X 1 1 X X X 0 0 0 0 0 0 0 1 0 JOHN BOURNAS EXECUTIVE DIRECTOR 347012 0 81375 0 0 0 15400 0 18146 0 461933 0 0 0 CHRISTINE BORIS DEPUTY EXECUTIVE DIRECTOR 243966 0 42621 0 0 0 9752 0 17426 0 313765 0 0 0 JAMES STRUTHERS DIRECTOR OF DEVELOPMENT 119763 0 25750 0 0 0 5892 0 17004 0 168409 0 0 0 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. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION ADOPTED REVISED BYLAWS IN 2022. THE FOLLOWING KEY CHANGES WERE IMPLEMENTED AS A RESULT OF THE REVISIONS TO THE BYLAWS: GOVERNANCE STRUCTURE -THE AFFAIRS OF THE ORGANIZATION ARE TO BE MANAGED BY THE BOARD OF DIRECTORS (FORMERLY THE EXECUTIVE COMMITTEE). THE BOARD SHALL BE COMPRISED OF 10-15 DIRECTORS WITH THREE YEAR TERMS. THE BOARD WILL HAVING VOTING AUTHORITY. -AN ADVISORY COUNCIL WAS CREATED. THE ADVISORY COUNCIL IS A CONSULATIVE BODY TO THE BOARD OF DIRECTORS. THE ADVISORY COUNCIL IS COMPRISED OF 12-25 MEMBERS AND HAS NO VOTING AUTHORITY. MEMBERS -THE SECTION ON MEMBERS WAS SIMPLIFIED. -THE BOARD WAS GIVEN AUTHORITY TO ESTABLISH POLICIES AND RULES FOR MEMBERSHIP AS THE ORGANIZATION EVOLVES. OTHER PROVISIONS -UPDATED AND STREAMLINED 501(C)(3) PROVISIONS -ADDED DESCRIPTION OF THE EXECUTIVE DIRECTOR ROLE -PROVIDED BOARD AUTHORITY TO ESTABLISH COMMITTEES AND THEIR POLICIES/PROCEDURES AS NEEDED -UPDATED INDEMNIFICATION PROVISIONS -UPDATED VIRTUAL/REMOTE MEETING AND NOTICE PROVISIONS -ADDED PROVISIONS ON DEPOSITS, GIFTS, BOOKS AND RECORDS -REMOVED CERTAIN PROVISIONS ON LANGUAGE AND CORPORATE SEAL FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. A DRAFT OF THE TAX RETURN IS PROVIDED TO THE EXECUTIVE DIRECTOR, THE SECRETARY-TREASURER AND THE BOARD. ADDITIONALLY, A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY BY PROVIDING AND REQUIRING COMPLETION OF AN ANNUAL DISCLOSURE FORM. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION REGULARLY REVIEWS THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THE ORGANIZATION UTILIZES BENCHMARKS AS SET BY OTHER ASSOCIATIONS AND FOUNDATIONS FOR DETERMINING THE COMPENSATION. AN INDEPENDENT COMPENSATION COMMITTEE REVIEWS THE DATA AND DOCUMENTS ITS RECOMMENDATION OF REASONABLE COMPENSATION FOR ALL EMPLOYEES. COMPENSATION OF THE EXECUTIVE DIRECTOR IS APPROVED BY THE PRESIDENT, CHAIR, VICE-PRESIDENT AND SECRETARY-TREASURER. THE DECISION IS THEN RATIFIED BY THE FULL BOARD. ALL DECISIONS AND DELIBERATIONS ARE DOCUMENTED CONTEMPORANEOUSLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S ANNUAL REPORT IS AVAILABLE ON THE ORGANIZATION'S WEBSITE.