American Academy Of Dermatology Inc
- Assets
- $106.7m
- Revenue
- $38.6m
- Investments
- $0.0
- Employees
- 206
- Location
- Rosemont, IL
- Founding
- 06/1959
- Data as of
- 12/2021
- EIN
- 41-0793046
Organization Overview
American Academy Of Dermatology Inc is located in Rosemont, IL. The organization was established in 1959. According to its NTEE Classification (G90) the organization is classified as: Medical Disciplines, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, American Academy Of Dermatology Inc employed 206 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Dermatology 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, American Academy Of Dermatology Inc generated $38.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $35.6m during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 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 Inc has awarded 304 individual grants totaling $3,385,088. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING LEADERSHIP IN DERMATOLOGY AND EXCELLENCE IN PATIENT CARE THROUGH EDUCATION, RESEARCH, AND ADVOCACY.
Describe the Organization's Program Activity:
SCIENTIFIC ASSEMBLY - THIS INCLUDES THE ANNUAL AND SUMMER SCIENTIFIC AND EDUCATIONAL MEETINGS. THESE MEETINGS ARE ATTENDED BY MORE THAN 19,000 DERMATOLOGISTS, OTHER PHYSICIANS, ALLIED MEDICAL PERSONNEL, AND OTHERS. THESE TWO PROGRAMS COMBINED PRESENT MORE THAN 500 INDIVIDUAL EDUCATIONAL SESSIONS PROVIDING RESULTS OF CURRENT RESEARCH AND RECENT ADVANCES IN THE DIAGNOSIS, MANAGEMENT AND TREATMENT OF DERMATOLOGIC CONDITIONS AND DISEASES, AND ADDRESS ISSUES OF PATIENT SAFETY, QUALITY OF CARE AND PRACTICE MANAGEMENT IMPROVEMENT. DUE TO COVID-19, THE SCIENTIFIC ASSEMBLY DID NOT HAPPEN. REVENUE RELATED TO THIS ACTIVITY IS THE RESULT OF AN INSURANCE CLAIM.
THE AAD'S COMMUNICATIONS TEAM PROVIDES STRATEGIC OVERSIGHT AND DIRECTION THAT GUIDES THE DEVELOPMENT AND IMPLEMENTATION OF MULTI-FACETED COMMUNICATIONS PROGRAMS AIMED AT REINFORCING DERMATOLOGY AS A SPECIALTY COMMITTED TO ADVANCING QUALITY PATIENT CARE THROUGH STATE-OF-THE-ART SCIENTIFIC RESEARCH AND ENCOURAGING PUBLIC UNDERSTANDING OF SKIN HEALTH, THE IMPACT OF SKIN DISEASE ON PATIENTS, AND BEHAVIORS THAT PROMOTE HEALTHY SKIN, HAIR, AND NAILS.
IN ADDITION TO THE ANNUAL AND SUMMER MEETINGS, EDUCATIONAL ACTIVITIES ARE DELIVERED THROUGH LIVE AND DIGITAL FORMATS THAT INCLUDE VIRTUAL MEETINGS (VMX), REGIONAL COURSES, QUESTION OF THE WEEK, DIALOGUES IN DERMATOLOGY, JOURNAL OF THE AMERICAN ACADEMY OF DERMATOLOGY (JAAD) AND OTHER VARIOUS EDUCATIONAL TOOLS IN ORDER TO SUPPORT DERMATOLOGISTS IN STAYING CURRENT IN PRACTICE AND MEDICAL CERTIFICATION. THE ACADEMY HAD TO CANCEL THE 2021 ANNUAL AND 2021 SUMMER MEETING DUE TO THE PANDEMIC HOWEVER IT WAS ABLE TO HOLD A VIRTUAL MEETING FOR THE FIRST TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth K Usher Executive Director & CEO | Officer | 37.33 | $660,841 |
Sarah Tancredi Sr VP Of Operations | Officer | 34.52 | $327,415 |
Barbara Greenan Sr. Vp, Advocacy | Officer | 4.65 | $326,686 |
Melanie Tolley Hall Sr Vp, Marketing & Communications | Officer | 35.44 | $306,306 |
Krista Kauper Vp, Strategy, Meetings, Analytics, & Alliances | Officer | 36.09 | $281,119 |
Matthew Fitzgerald Vp, Science & Quality | Officer | 42.87 | $278,326 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Diamond Fulfillment Services Llc Fulfillment Services | 12/30/21 | $140,038 |
Powers Pyles Sutter Legal Services | 12/30/21 | $357,009 |
Daniel J Edelman Inc Public Relations | 12/30/21 | $129,109 |
Mjh Rosemont Llc Co Quadrangle Developm Property Management | 12/30/21 | $1,447,510 |
Suazio Llc Marketing Consulting | 12/30/21 | $125,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $135,774 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,723,839 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,859,613 |
| Total Program Service Revenue | $21,785,390 |
| Investment income | $988,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,336,739 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,508,200 |
| Net Income from Fundraising Events | -$4,954 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,867,681 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,601,063 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $505,283 |
| Grants and other assistance to domestic individuals. | $2,300 |
| Grants and other assistance to Foreign Orgs/Individuals | $53,750 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,792,953 |
| Compensation of current officers, directors, key employees. | $2,413,605 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,044,211 |
| Pension plan accruals and contributions | $1,349,364 |
| Other employee benefits | $1,560,811 |
| Payroll taxes | $1,116,793 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $275,312 |
| Fees for services: Accounting | $88,628 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175,974 |
| Fees for services: Other | $2,441,742 |
| Advertising and promotion | $633,059 |
| Office expenses | $733,681 |
| Information technology | $2,881,249 |
| Royalties | $5,074 |
| Occupancy | $1,072,218 |
| Travel | $275,440 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,602,901 |
| Interest | $131,156 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,094,321 |
| Insurance | $375,331 |
| All other expenses | $1,548 |
| Total functional expenses | $35,603,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,700,842 |
| Savings and temporary cash investments | $4,235,764 |
| Pledges and grants receivable | $2,443,996 |
| Accounts receivable, net | $18,504,250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $123,447 |
| Prepaid expenses and deferred charges | $2,322,577 |
| Net Land, buildings, and equipment | $4,577,991 |
| Investments—publicly traded securities | $48,489,905 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,267,067 |
| Total assets | $106,665,839 |
| Accounts payable and accrued expenses | $5,328,115 |
| Grants payable | $0 |
| Deferred revenue | $12,784,730 |
| 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 | $2,863,636 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,262,395 |
| Total liabilities | $48,238,876 |
| Net assets without donor restrictions | $46,791,905 |
| Net assets with donor restrictions | $11,635,058 |
| 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 | $106,665,839 |
Grants Awarded
Over the last fiscal year, American Academy Of Dermatology Inc has awarded $462,266 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: SHADE STRUCTURE GRANT PROGRAM | $80,000 |
Evanston, IL PURPOSE: SHADE STRUCTURE GRANT PROGRAM | $41,250 |
PLAY AND PARK STRUCTURES PURPOSE: SHADE STRUCTURE GRANT PROGRAM | $36,626 |
SUNSTATION USA LLC PURPOSE: SHADE STRUCTURE GRANT PROGRAM | $30,000 |
St Louis, MO PURPOSE: SHADE STRUCTURE GRANT PROGRAM | $17,500 |
Atlanta, GA PURPOSE: SHADE STRUCTURE GRANT PROGRAM | $16,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that American Academy Of Dermatology Inc has recieved totaling $21,465.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $18,025 |
Healthcare Initiatives Inc Indianapolis, IN PURPOSE: CAMP DISCOVERY | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $580 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $360 |
Endowment Analysis
| Beg. Balance | $27,786,253 |
| Earnings | $2,700,506 |
| Admin Expense | $106,848 |
| Net Contributions | -$10,000 |
| Other Expense | $23,601 |
| Grants | $95,776 |
| Ending Balance | $30,250,534 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Board Of Family Medicine Inc Lexington, KY | $185,304,268 | $55,757,459 |
American Society Of Anesthesiologists Schaumburg, IL | $127,402,745 | $57,130,862 |
American Academy Of Dermatology Inc Rosemont, IL | $106,665,839 | $38,601,063 |
American Osteopathic Association Chicago, IL | $87,985,628 | $32,905,161 |
American Society Of Clinical Pathologists Chicago, IL | $44,155,446 | $32,324,819 |
American College Of Chest Physicians Glenview, IL | $44,983,631 | $16,629,705 |
Academy Of General Dentistry Chicago, IL | $42,353,738 | $16,214,063 |
American Association For Accreditation Of Ambulatory Surger Gurnee, IL | $14,762,694 | $10,355,412 |
American Association Of Equine Practitioners Lexington, KY | $8,765,231 | $7,398,673 |
American Dental Hygientists Association Chicago, IL | $4,138,948 | $5,518,461 |
National Certification Corporation For Obstetric Gynecologic & Neonat Chicago, IL | $33,466,629 | $9,072,961 |
Orthopedic Foundation For Animals Columbia, MO | $9,920,954 | $4,913,503 |