Massachusetts Academy Of Dermatology Inc
- Assets
- $421.8k
- Revenue
- $412.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Westford, MA
- Founding
- 01/1974
- Data as of
- 12/2023
- EIN
- 04-2551359
Organization Overview
Massachusetts Academy Of Dermatology Inc is located in Westford, MA. The organization was established in 1974. According to its NTEE Classification (G90) the organization is classified as: Medical Disciplines, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Academy Of Dermatology Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Massachusetts Academy Of Dermatology Inc generated $412.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $385.4k during the year ending 12/2023. While expenses have increased by 11.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A FORUM FOR THE INTERCHANGE OF INFORMATION AND IDEAS BETWEEN MEMBERS OF THE MEDICAL PROFESSION SPECIALIZING IN DERMATOLOGY, TO PROMOTE THE EDUCATION OF DERMATOLOGISTS IN THE DIAGNOSIS, CARE AND CURE OF SKIN DISEASES, AND TO PROTECT THE RIGHTS OF PATIENTS FOR QUALITY DERMATOLOGIC CARE IN THE COMMONWEALTH OF MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL SEMINARS AND CONFERENCES TO MORE THAN 200 PRACTICING DERMATOLOGISTS IN MASSACUSETTS. PROVIDED HIGH-QUALITY CONTINUING EDUCATION PROGRAMS FOCUSED ON BOTH CLINICAL TOPICS AND PRACTICE MANAGEMENT ISSUES. THE 2023 ANNUAL MEETING CONSISTED OF A LINEUP OF DISTINGUISHED GUEST SPEAKERS, INCLUDING NATIONAL LEADERS IN THE FIELD OF DERMATOLOGY. THE SPEAKERS PRESENTED AN ARRAY OF TOPICS OF INTEREST TO OUR MEMBERSHIP. AS A RESULT OF PARTICIPATING IN THIS MEETING, ATTENDEES LEARNED HOW TO ADJUST TO THE CHANGING HEALTH CARE ENVIRONMENT, HOW TO RECOGNIZE CHALLENGES SUCH AS NARROWING NETWORKS, AND ASSESS WAYS OF DEALING WITH REDUCED ACCESS TO PHYSICIANS AND MEDICATIONS. ATTENDEES INCREASED THEIR KNOWLEDGE OF NEW TREATMENTS AND PROCEDURES ASSOCIATED WITH THE PRACTICE OF COSMETIC DERMATOLOGY WITH AN EMPHASIS ON DERMATOLOGIC ISSUES AND CITE PRACTICES THAT IMPROVE THE QUALITY, EASE, AND EFFICIENCY OF COMMON PROCEDURES USED IN GENERAL DERMATOLOGICAL PRACTICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Toyohara MD President | OfficerTrustee | 1 | $0 |
Gary Mendese MD Vice-President | OfficerTrustee | 1 | $0 |
Eileen Deignan MD Treasurer | OfficerTrustee | 1 | $0 |
Ira L Skolnik MD PHD Past President | OfficerTrustee | 1 | $0 |
Mark Amster MD Director | Trustee | 1 | $0 |
Avery Lachance MD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,250 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,900 |
| Total Program Service Revenue | $382,975 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $412,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $59,952 |
| Fees for services: Legal | $10,714 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,086 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $791 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $287,970 |
| Interest | $753 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,949 |
| All other expenses | $0 |
| Total functional expenses | $385,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,811 |
| Savings and temporary cash investments | $404,029 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,939 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $421,779 |
| Accounts payable and accrued expenses | $251 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $251 |
| Net assets without donor restrictions | $421,528 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $421,779 |