American Academy Of Dermatology Association Inc
- Assets
- $27.1m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Rosemont, IL
- Founding
- 12/2001
- Data as of
- 12/2023
- EIN
- 36-4367987
Organization Overview
American Academy Of Dermatology Association Inc is located in Rosemont, IL. The organization was established in 2001. According to its NTEE Classification (G01) the organization is classified as: Alliances & Advocacy, 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. American Academy Of Dermatology Association 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, American Academy Of Dermatology Association Inc generated $14.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $13.6m during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 9 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.
Since 2014, American Academy Of Dermatology Association Inc has awarded 86 individual grants totaling $809,150. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING LEADERSHIP IN DERMATOLOGY AND EXCELLENCE IN PATIENT CARE THROUGH RESEARCH AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY AND POLICY - DEVELOPING POSITION STATEMENTS AND TESTIMONY, LOBBYING AND SERVING AS A RESOURCE FOR FEDERAL AND STATE LEGISLATIVE AND REGULATORY ENTITIES RELATED TO THE DELIVERY OF QUALITY DERMATOLOGIC CARE AND SKIN DISEASE RESEARCH AND PREVENTION. HEALTH CARE DELIVERY (DERMATOLOGIC PRACTICE)- PROVIDING ACADEMY MEMBERS WITH ASSISTANCE AND EDUCATION RELATED TO APPROPRIATELY RUNNING AN EFFICIENT PRACTICE INCLUDING COMPLIANCE WITH RELEVANT REGULATIONS, IMPLEMENTATION OF HEALTH INFORMATION TECHNOLOGY, CODING AND REIMBURSEMENT, AND GENERAL PRACTICE MANAGEMENT ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrence A Cronin Jr MD President (beg - 3/2023) | OfficerTrustee | 6.25 | $0 |
Mark Kaufmann MD President (thru - 3/2023) | OfficerTrustee | 0.06 | $0 |
Kenneth Tomecki MD Immediate Past President (thru - 3/2023) | OfficerTrustee | 0.06 | $0 |
Seemal R Desai MD President-Elect (beg - 3/2023) | OfficerTrustee | 0.5 | $0 |
Linda Stein Gold MD Vice President (thru - 3/2023) | OfficerTrustee | 0.06 | $0 |
Robert S Kirsner MD Vice President (beg - 3/2023) | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dc One Associates Lp Property Management | 12/30/23 | $864,309 |
Elsevier Inc Member Subscriptions | 12/30/23 | $635,420 |
Capital Counsel Llc Consulting Services | 12/30/23 | $162,000 |
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 | $530,954 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $530,954 |
| Total Program Service Revenue | $12,504,634 |
| Investment income | $508,328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,412,397 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$207,383 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $106,754 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,866,604 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $131,700 |
| Grants and other assistance to domestic individuals. | $36,875 |
| Grants and other assistance to Foreign Orgs/Individuals | $37,075 |
| 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 | $6,363,378 |
| Pension plan accruals and contributions | $490,769 |
| Other employee benefits | $880,861 |
| Payroll taxes | $376,309 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $95,975 |
| Fees for services: Accounting | $32,180 |
| Fees for services: Lobbying | $255,211 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $67,474 |
| Fees for services: Other | $513,330 |
| Advertising and promotion | $199,928 |
| Office expenses | $298,849 |
| Information technology | $206,507 |
| Royalties | $0 |
| Occupancy | $260,366 |
| Travel | $617,895 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $935,778 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $935,315 |
| Insurance | $68,120 |
| All other expenses | $21,861 |
| Total functional expenses | $13,633,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $801,177 |
| Savings and temporary cash investments | $351,295 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $402,920 |
| 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 | $603,911 |
| Net Land, buildings, and equipment | $960,754 |
| Investments—publicly traded securities | $12,823,481 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,124,385 |
| Total assets | $27,067,923 |
| Accounts payable and accrued expenses | $44,696 |
| Grants payable | $0 |
| Deferred revenue | $9,507,486 |
| 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 | $8,534,099 |
| Total liabilities | $18,086,281 |
| Net assets without donor restrictions | $8,981,642 |
| 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 | $27,067,923 |
Grants Awarded
Over the last fiscal year, American Academy Of Dermatology Association Inc has awarded $113,750 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
DERMATOLOGY FOUNDATION PURPOSE: DELEGATES/OTHER ORGANIZATIONS | $13,750 |
PENNSYLVANIA ACADEMY OF DERMATOLOGY AND DERMATOLOGIC SURGERY PURPOSE: STATE ADVOCACY FUND | $11,300 |
FLORIDA ACADEMY OF DERMATOLOGY PURPOSE: STATE ADVOCACY FUND | $13,300 |
WISCONSIN DERMATOLOGICAL SOCIETY PURPOSE: STATE ADVOCACY FUND | $10,000 |
MARYLAND DERMATOLOGIC SOCIETY PURPOSE: STATE ADVOCACY FUND | $9,800 |
MISSOURI DERMATOLOGICAL SOCIETY ASSOCIATION INC PURPOSE: STATE ADVOCACY FUND | $8,800 |