Womens Dermatologic Society
- Assets
- $2.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 09/2004
- Data as of
- 12/2022
- EIN
- 20-0084052
Organization Overview
Womens Dermatologic Society is located in Milwaukee, WI. The organization was established in 2004. According to its NTEE Classification (G11) the organization is classified as: Single Organization Support, 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. Womens Dermatologic Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Womens Dermatologic Society generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE WOMEN'S DERMATOLOGIC SOCIETY IS TO BE THE PREMIER ORGANIZATION CULTIVATING PERSONAL AND PROFESSIONAL DEVELOPMENT OF WOMEN DERMATOLOGISTS DEDICATED TO EXCELLENCE IN PATIENT CARE, MENTORSHIP, VOLUNTEERISM, AND LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING - TO PROVIDE A FORUM FOR DEVELOPING RELATIONSHIPS THROUGH MENTORING AND BUILDING OF COALITIONS. TO PROVIDE A FORUM FOR THE EXCHANGE OF IDEAS AND RESEARCH RELEVANT TO WOMEN'S ISSUES.
OTHER PROGRAM SERVICES (DESCRIPTION IS OPTIONAL): GRANTS PROVIDED TO OTHER ORGANIZATIONS, MEMBERSHIP RELATED EXPENSES, COMMUNITY ADVANCEMENT AWARDS, MENTORSHIP PROGRAM, FELLOWSHIP AWARDS, PLAY SAFE IN THE SUN MEETING, TIPP PROGRAM, JOURNAL EXPENSES.
LEGACY CELEBRATION - THE LEGACY CELEBRATION IS A GATHERING TO THANK ALL ATTENDEES, DONORS AND SUPPORTERS WHO HELP MAKE WDS POSSIBLE.
WDS FORUM/IVWG - THE INDUSTRY VISIONING WORK GROUP (IVWG) FORUM PROVIDED A UNIQUE OPPORTUNITY FOR MEMBERS AND INDUSTRY PARTNERS TO STRATEGICALLY PLAN AND DISCUSS THE COMMON PROBLEMS FACED AS A SPECIALTY. THIS IS A CRUCIAL LINK BETWEEN DERMATOLOGISTS AND THE INTERNATIONAL CORPORATE BUSINESS COMMUNITY, AND WILL HELP EXPAND THE CONVERSATION AND CROSS BOUNDARIES TO EMBRACE MEDICAL, SURGICAL, ONCOLOGIC, COSMETIC, PEDIATRIC AND TECHNICAL SUBSPECIALTIES.HE MEMBERSHIP ENRICHMENT & LEADERSHIP DEVELOPMENT FORUM (MELD) FORUM PROVIDED NETWORKING FOR ATTENDEES AND GETTING TO KNOW ONE ANOTHER. THE MELD FORUM WAS A SUCCESS FEATURING A ROBUST CME PROGRAM WITH SPEAKERS FROM DIFFERENT AREAS OF WOMEN'S HEALTH, TOPICS ON LEADERSHIP, AS WELL AS THE LATEST UPDATES IN DERMATOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rochelle Torgerson MD PHD Assistant Treasurer | OfficerTrustee | 5 | $0 |
Mona Gohara MD President | OfficerTrustee | 5 | $0 |
Erin Gilbert MD PHD Faad Immediate Past President | OfficerTrustee | 5 | $0 |
Ashley Wysong MD Ms Secretary | OfficerTrustee | 5 | $0 |
Bethanee J Schlosser MD PHD Treasurer | OfficerTrustee | 5 | $0 |
Elizabeth Damstetter MD Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Talley Management Group Management Fee | 12/30/15 | $343,000 |
Executive Director Inc Management Fee | 12/30/15 | $123,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,053 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,053 |
| Total Program Service Revenue | $999,520 |
| Investment income | $63,366 |
| 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 | $1,142,379 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $170,000 |
| Grants and other assistance to domestic individuals. | $38,978 |
| 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 | $495,532 |
| Fees for services: Legal | $10,105 |
| Fees for services: Accounting | $7,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,589 |
| Fees for services: Other | $23,123 |
| Advertising and promotion | $10,089 |
| Office expenses | $25,503 |
| Information technology | $28,821 |
| Royalties | $0 |
| Occupancy | $3,171 |
| Travel | $56,614 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,149 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,468 |
| Insurance | $4,910 |
| All other expenses | $86,012 |
| Total functional expenses | $1,468,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,174 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,905 |
| 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 | $90,132 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,004,954 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,831 |
| Other assets | $0 |
| Total assets | $2,149,996 |
| Accounts payable and accrued expenses | $156,866 |
| Grants payable | $0 |
| Deferred revenue | $188,600 |
| 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 | $345,466 |
| Net assets without donor restrictions | $1,794,094 |
| Net assets with donor restrictions | $10,436 |
| 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 | $2,149,996 |
Grants Awarded
Over the last fiscal year, Womens Dermatologic Society has awarded $40,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MEDVEC & ASSOCIATES LLC PURPOSE: IVWG/MELD Honorarium | $10,000 |
REGENTS OF CA UC SAN DIEGO PURPOSE: Research Grant | $20,000 |
SOC FOR INVESTIGATIVE DERM PURPOSE: Fellowships | $10,000 |