Iec Foundation
- Assets
- $2.5m
- Revenue
- $22.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Schaumburg, IL
- Founding
- 02/2015
- Data as of
- 12/2023
- EIN
- 47-2735839
Organization Overview
Iec Foundation is located in Schaumburg, IL. The organization was established in 2015. According to its NTEE Classification (G80) the organization is classified as: Specifically Named Diseases, 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. Iec 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 12/2023, Iec Foundation generated $22.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (29.0%) each year. All expenses for the organization totaled $49.2k during the year ending 12/2023. 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
THE ORGANIZATIONS MISSION IS TO IMPROVE PATIENT CARE BY PROMOTING RESEARCH, EDUCATION, AND BEST PRACTICES IN TREATMENT FOR ATOPIC DERMATITIS IN PEOPLE WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, THE INTERNATIONAL ECZEMA COUNCIL HAD 6 IN- PERSON SYMPOSIA, AAD IN SAN DIEGO(AMERICAN ACADEMY OF DERMATOLOGY) RADLA IN PERU, SID IN DALLAS (SOCIETY FOR INVESTIGATIVE DERMATOLOGY) EAACI IN SPAIN (EUROPEAN ACADEMY OF ALLERGY AND CLINICAL IMMUNOLOGY CONGRESS), ESDR IN PORTUGAL (EUROPEAN SOCIETY FOR DERMATOLOGICAL RESEARCH), AND EADV IN NETHERLANDS (EUROPEAN ACADEMY OF DERMATOLOGY AND VENEREOLOGY). THESE SYMPOSIA TYPICALLY DRAW A LARGE AUDIENCE, MANY OF WHOM ARE THOUGH LEADERS IN DERMATOLOGY WHO TEACH OTHERS REGARDING ATOPIC DERMATITIS. THE IEC COUNCILORS AND ASSOCIATES ALSO CONVENED THROUGHOUT THE YEAR AT BOTH IN-PERSON AND VIRTUAL MEETINGS TO DEVELOP AND PUBLISH PEER REVIEWED MANUSCRIPTS AND CHOOSE IEC FELLOWS TO PARTICIPATE IN THE IEC FELLOWSHIP PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Stiles Executive Dir. | OfficerTrustee | 5 | $20,133 |
Robert Bissonnette President | OfficerTrustee | 5 | $0 |
Emma Guttman Past President | Trustee | 0.5 | $0 |
Alan Irvine President Elect | OfficerTrustee | 0.5 | $0 |
Kevin Cooper Treasurer | OfficerTrustee | 0.5 | $0 |
Kenji Kabashima Secretary | OfficerTrustee | 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 | $8,736 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,736 |
| Total Program Service Revenue | $0 |
| Investment income | $13,504 |
| 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 | $22,240 |
| 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. | $20,133 |
| Compensation of current officers, directors, key employees. | $20,133 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,337 |
| Fees for services: Management | $5,386 |
| Fees for services: Legal | $1,563 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,572 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,069 |
| 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 | $1,613 |
| All other expenses | $397 |
| Total functional expenses | $49,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,601 |
| Savings and temporary cash investments | $1,429,070 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,045,933 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,549,604 |
| Accounts payable and accrued expenses | $15,228 |
| Grants payable | $0 |
| Deferred revenue | $19,964 |
| 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 | $35,192 |
| Net assets without donor restrictions | $2,514,412 |
| 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 | $2,549,604 |