Dermed Inc
- Assets
- $140.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Louisville, KY
- Founding
- 06/2001
- Data as of
- 12/2021
- EIN
- 61-1387595
Organization Overview
Dermed Inc is located in Louisville, KY. The organization was established in 2001. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2021, Dermed Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dermed Inc 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, Dermed Inc generated $40.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.0%) each year. All expenses for the organization totaled $81.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE SUPPORT FOR DERMATOLOGY RESIDENTS TO ATTEND MEDICAL EDUCATION SEMINARS AND OFFER MENTORING OPPORTUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph F Fowler Jr Director | 10 | $30,000 | |
Vincent A Deleo Director | 2 | $0 | |
James G Marks Jr Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,000 |
| Total Program Service Revenue | $7,495 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,207 |
| Total Revenue | $40,702 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $35,010 |
| Professional fees and other payments to independent contractors | $23,702 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,513 |
| Total expenses | $81,225 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $140,792 |
| Other assets | $0 |
| Total assets | $140,792 |
| Total liabilities | $599 |
| Net assets or fund balances | $140,193 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Illinois Association Of School Boards Springfield, IL | $19,198,603 | $11,091,944 |
Tennessee Education Association Inc Nashville, TN | $10,428,351 | $9,646,926 |
Missouri National Education Association Jefferson City, MO | $11,252,448 | $8,353,095 |
Ohio School Boards Association Columbus, OH | $19,022,558 | $9,269,056 |
South Carolina Center For Fathers And Families Cleveland, OH | $2,234,846 | $8,447,371 |
College And University Professional Association For Human Resources Knoxville, TN | $15,862,589 | $7,812,208 |
Ohio Society Of Certified Public Accountants Columbus, OH | $10,948,438 | $7,921,101 |
American College Of Foot And Ankle Surgeons Chicago, IL | $15,138,521 | $7,600,538 |
National Council Of Teachers Of English Champaign, IL | $46,879,367 | $7,632,067 |
Charter School Of The Dunes Inc Gary, IN | $14,167,237 | $8,545,161 |
Indiana Association For The Education Of Children Inc Indianapolis, IN | $1,546,703 | $6,038,887 |
Association For Career And Techinical Education Inc Alexandria, VA | $9,964,883 | $5,708,623 |