Dermed Inc
- Assets
- $101.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Louisville, KY
- Founding
- 06/2001
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Dermed Inc generated $57.3k 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 (14.1%) each year. All expenses for the organization totaled $96.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 8 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
2022
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 |
|---|---|---|---|
Vincent A Deleo Director | 2 | $0 | |
James G Marks Jr Director | 3 | $0 | |
Joseph F Fowler Jr Director | 10 | $30,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,500 |
| Total Program Service Revenue | $17,525 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $291 |
| Total Revenue | $57,316 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $37,220 |
| Professional fees and other payments to independent contractors | $30,041 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $29,659 |
| Total expenses | $96,920 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $101,208 |
| Other assets | $0 |
| Total assets | $101,208 |
| Total liabilities | $619 |
| Net assets or fund balances | $100,589 |