Skin Of Color Society Foundation
- Assets
- $646.1k
- Revenue
- $904.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/2015
- Data as of
- 12/2021
- EIN
- 38-3946036
Organization Overview
Skin Of Color Society Foundation is located in Chicago, IL. The organization was established in 2015. According to its NTEE Classification (R22) the organization is classified as: Minority Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skin Of Color Society Foundation 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 12/2021, Skin Of Color Society Foundation generated $904.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $649.6k during the year ending 12/2021. While expenses have increased by 16.6% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE EDUCATION & RESEARCH REGARDING SKIN OF COLOR WITHIN THE MEDICAL SPECIALTY OF DERMATOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE EDUCATION & RESEARCH REGARDING SKIN OF COLOR WITHIN THE MEDICAL SPECIALTY OF DERMATOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Glass II MD PHD President | OfficerTrustee | 2 | $0 |
Candrice Heath MD Secretary/treasurer | OfficerTrustee | 2 | $0 |
Lynn Mckinley-Grant MA MD Faad Immediate Past President | OfficerTrustee | 2 | $0 |
Valerie M Harvey MD MPH President-Elect | OfficerTrustee | 2 | $0 |
Ammar Ahmed MD Board Member | Trustee | 0.5 | $0 |
Corey Hartman MD Board Member | Trustee | 0.5 | $0 |
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 | $904,378 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $904,378 |
| Total Program Service Revenue | $0 |
| 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 | $904,378 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $582,327 |
| 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 | $9,272 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,721 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,988 |
| Advertising and promotion | $18 |
| Office expenses | $3,028 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $800 |
| Travel | $30,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $8,490 |
| Total functional expenses | $649,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $480,103 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $166,009 |
| 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 | $0 |
| 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 | $646,112 |
| Accounts payable and accrued expenses | $1,740 |
| 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 | $407,333 |
| Total liabilities | $409,073 |
| Net assets without donor restrictions | $19,600 |
| Net assets with donor restrictions | $217,439 |
| 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 | $646,112 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Skin Of Color Society Foundation has recieved totaling $133.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $133 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Action Center On Race And The Economy Institute Frankfort, IL | $6,240,718 | $6,121,871 |
Indiana Black Expo Inc Indianapolis, IN | $5,628,734 | $3,463,506 |
United African Organization Inc Chicago, IL | $265,558 | $825,010 |
Skin Of Color Society Foundation Chicago, IL | $646,112 | $904,378 |
365 Media Foundation Inc Madison, WI | $310,083 | $647,972 |
Chicago United For Equity Chicago, IL | $1,086,491 | $988,294 |
Latino Coalition Against Domestic & Sexual Violence Indianapolis, IN | $487,048 | $470,974 |
Charles Hamilton Houston Institute Inc Verona, WI | $57,847 | $372,368 |
Privilege Institute Inc Green Bay, WI | $1,242,703 | $600,051 |
The Leverage Network Inc Chicago, IL | $636,417 | $532,589 |
Life Is Work Maywood, IL | $0 | $301,765 |
Black Youth Project 100 Nfp Chicago, IL | $2,479,494 | $666,089 |