Skin of Color Society
- Assets
- $1.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2022
- EIN
- 83-0401191
Organization Overview
Skin of Color Society is located in Chicago, IL. Skin of Color Society is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Skin of Color Society generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 38.2% each year . All expenses for the organization totaled $939.4k during the year ending 12/2022. While expenses have increased by 27.5% per year over the past 8 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
2022
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, SUPPORT, AND STIMULATE THE DEVELOPMENT OF INFORMATION RELATED TO ALL ASPECTS OF SKIN OF COLOR WITHIN THE SPECIALTY OF DERMATOLOGY AND TO MAKE THIS INFORMATION AVAILABLE TO THE GENERAL PROVIDE A FORUM FOR THE EXCHANGE OF INFORMATION PERTAINING TO SKIN OF COLOR.PROMOTE THE EDUCATION OF PHYSICIANS, RESIDENTS AND NON-PHYSICIAN SCIENTISTS, MEDIA, GOVERNMENT, AND THIRD PARTIES ABOUT THE UNIQUE PROPERTIES, REACTION PATTERNS AND DISEASES THAT OCCUR IN INDIVIDUALS WITH SKIN OF COLOR BY ENCOURAGING COURSES IN SKIN OF COLOR AND OTHER RELATED TOPICS AT SCIENTIFIC MEETINGS AND DERMATOLOGY TRAINING CENTERS.PROMOTE THE SCIENTIFIC STUDY OF SKIN OF COLOR, INCLUDING BASIC SCIENCE, CLINICAL, SURGICAL AND COSMETIC RESEARCH.PROMOTE AN INCREASE IN THE BODY OF DERMATOLOGICAL LITERATURE RELATED TO SKIN OF COLOR.PROVIDE COLLABORATIVE OPPORTUNITIES FOR ESTABLISHED SOCIETY MEMBERS AND MENTORING OPPORTUNITIES FOR YOUNGER MEMBERS AND INDIVIDUALS INTERESTED IN THE FIELD OF SKIN OF COLOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie M Harvey MD MPH President | OfficerTrustee | 2 | $0 |
Candrice Heath MD Secretary/treasurer | OfficerTrustee | 2 | $0 |
Donald Glass II MD PHD Immediate Past President | OfficerTrustee | 2 | $0 |
Andrew F Alexis MD MPH President-Elect | OfficerTrustee | 2 | $0 |
Crystal Aguh MD Board Member | Trustee | 0.5 | $0 |
Pamela S Allen 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 | $1,798,349 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,798,349 |
| Total Program Service Revenue | $88,405 |
| 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 | $1,886,754 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $95,000 |
| Grants and other assistance to domestic individuals. | $88,099 |
| 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 | $227,582 |
| Fees for services: Legal | $75 |
| Fees for services: Accounting | $33,193 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $187,726 |
| Advertising and promotion | $28,504 |
| Office expenses | $23,120 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $71,309 |
| Travel | $36,998 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,557 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $939,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $969,672 |
| Savings and temporary cash investments | $0 |
| 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 | $26,963 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $379,233 |
| Total assets | $1,375,868 |
| Accounts payable and accrued expenses | $21,810 |
| Grants payable | $0 |
| Deferred revenue | $186,776 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $112,387 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $320,973 |
| Net assets without donor restrictions | -$309,518 |
| Net assets with donor restrictions | $1,364,413 |
| 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 | $1,375,868 |
Grants Awarded
Over the last fiscal year, Skin of Color Society has awarded $95,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIONDERM PURPOSE: Research grant | $15,000 |
UNIVERSITY OF MASSACHUSETTS PURPOSE: Research grant | $15,000 |
HOWARD UNIVERSITY COLLEGE OF MEDICINE PURPOSE: Research grant | $50,000 |
TRUSTEES OF BOSTON UNIVERSITY PURPOSE: Research grant | $15,000 |