2023-09-27T14:44:15-05:00 2022-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2022-01-01 046115524 DERMATOLOGY FOUNDATION DERM 8473282256 1560 SHERMAN AVENUE 500 EVANSTON IL 60201 DR JANET FAIRLEY PRESIDENT 8473282256 2023-09-19 1 DR JANET FAIRLEY 999009999 0 DAVID LOWENTHAL P00378651 3122071040 2023-09-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN BOURNAS 1560 SHERMAN AVENUE 500 EVANSTON IL 60201 8927342 0 X WWW.DERMATOLOGYFOUNDATION.ORG X 1964 MA THE PURPOSES OF THE ORGANIZATION IS THE FUNDING OF RESEARCH IN THE FIELD OF DERMATOLOGY IN ORDER TO ADVANCE PATIENT CARE AND HELP DEVELOP AND RETAIN TOMORROW'S TEACHERS AND CLINICAL LEADERS IN SPECIALTY. 35 35 6 100 0 0 2928518 3726692 0 211381 4207119 1296493 0 0 7135637 5234566 1856719 2543258 0 0 1129795 1090924 0 0 881639 1422817 1581196 4409331 5215378 2726306 19188 62543237 53178028 1686564 2731770 60856673 50446258 THE PRIMARY MISSION OF THE ORGANIZATION IS THE FUNDING OF RESEARCH IN THE FIELD 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32764114 1.00000 0.00000 0.00000 0 0 233968 177514 56454 56454 DEFERRED COMPENSATION 174550 RIGHT OF USE LIABILITY 330276 504826 -5437401 -10429603 -10429603 4992202 242364 242364 5234566 4973014 0 4973014 242364 242364 5215378 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT WAS ESTABLISHED TO ENSURE THE FUTURE STABILITY OF THE ORGANIZATION AND PROVIDE ADDITIONAL FUNDS FOR PURPOSES OF AWARDING FELLOWSHIPS AND GRANTS. THE ORGANIZATION HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 4% OF ITS ASSETS BASED ON THE TRAILING TWELVE QUARTER MARKET VALUE. THE MAIN FUNDING SOURCE OF THE ENDOWMENT IS INVESTMENT INCOME AND AN ALLOCATION OF CERTAIN DONATION CATEGORIES. 1 GRANTS AWARDED TO ADVANCE THE EARLY RESEARCH EFFORTS OF INDIVIDUALS IN THE FIELDS OF DERMATOLOGY AND CUTANEOUS BIOLOGY. 57 2543258 PART I, LINE 2: THE FOUNDATION MONITORS THE GRANTS THAT ARE DISBURSED BY REQUIRING THE RECIPIENTS TO PROVIDE A DETAILED RECORD OF ACCOUNTING FOR THE GRANT AND A WRITTEN SUMMARY OF MEDICAL FINDINGS. X 1 1 X X X 0 0 0 0 0 0 0 1 0 JOHN BOURNAS EXECUTIVE DIRECTOR 303289 0 77500 0 0 0 14323 0 6176 0 401288 0 0 0 CHRISTINE BORIS DEPUTY EXECUTIVE DIRECTOR 213107 0 41380 0 14917 0 29877 0 6938 0 306219 0 0 0 PART I, LINE 1A: A HEALTH OR SOCIAL CLUB DUE BENEFIT IS AVAILABLE TO ALL EMPLOYEES. ONLY JOHN BOURNAS PARTICIPATED AND WAS REIMBURSED IN 2023 FOR 2022 DUES. THE BENEFIT IS TREATED AS A TAXABLE FRINGE BENEFIT ON THE 2023 W-2. PART I, LINE 7: PERFORMANCE BASED BONUSES ARE MADE UPON THE RECOMMENDATION OF THE COMPENSATION COMMITTEE AND APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. A DRAFT OF THE TAX RETURN IS PROVIDED TO THE EXECUTIVE DIRECTOR, THE SECRETARY-TREASURER AND THE BOARD PRESIDENT FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY BY PROVIDING AND REQUIRING COMPLETION OF AN ANNUAL DISCLOSURE FORM. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION REGULARLY REVIEWS THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THE ORGANIZATION UTILIZES BENCHMARKS AS SET BY OTHER ASSOCIATIONS AND FOUNDATIONS FOR DETERMINING THE COMPENSATION. AN INDEPENDENT COMPENSATION COMMITTEE REVIEWS THE DATA AND DOCUMENTS ITS RECOMMENDATION OF REASONABLE COMPENSATION FOR ALL EMPLOYEES. COMPENSATION OF THE EXECUTIVE DIRECTOR IS APPROVED BY THE PRESIDENT, CHAIR, VICE-PRESIDENT AND SECRETARY-TREASURER. THE DECISION IS THEN RATIFIED BY THE FULL BOARD. ALL DECISIONS AND DELIBERATIONS ARE DOCUMENTED CONTEMPORANEOUSLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S ANNUAL REPORT AND WEBSITE INDICATE THAT COPIES OF THE DOCUMENTS ARE AVAILABLE UPON A REQUEST MADE TO THE DERMATOLOGY FOUNDATION.