Hidradenitis Suppurativa Foundation Inc

EIN: 203246772 501(c)(3)

Cary, NC

Total Revenue
$1,179,185
Total Expenses
$1,139,182
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
CA
Principal Officer
BRENT HAZELETT
Phone
8664412392
Tax Period
2022-01-01 to 2022-12-31

Hidradenitis Suppurativa Foundation Inc, founded in 2005, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2022. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 3% surplus.

Mission

THE MISSION OF THE HS FOUNDATION IS TO IMPROVE THE LIVES OF PEOPLE AFFECTED BY HS THROUGH ADVOCACY, EDUCATION AND RESEARCH.

Program Service Accomplishments

Program 1
Expenses: $309,217 Revenue: $299,027

THE SEVENTH ANNUAL SYMPOSIUM ON HIDRADENITIS SUPPURATIVA ADVANCES (SHSA) WAS HELD OCTOBER 7-9, 2022, IN MIAMI, FLORIDA. CO-ORGANIZEDWITH THE CANADIAN HS FOUNDATION, OVER 250 REGISTRANTS FROM...

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THE SEVENTH ANNUAL SYMPOSIUM ON HIDRADENITIS SUPPURATIVA ADVANCES (SHSA) WAS HELD OCTOBER 7-9, 2022, IN MIAMI, FLORIDA. CO-ORGANIZEDWITH THE CANADIAN HS FOUNDATION, OVER 250 REGISTRANTS FROM SEVENCOUNTRIES ATTENDED THE EVENT, INCLUDING OVER 30 PATIENTS ANDCAREGIVERS AND OVER 175 RESEARCHERS AND MEDICAL PROVIDERS. THE LATEST ADVANCEMENTS IN HS TREATMENT AND RESEARCH WERE PRESENTED.

Program 2
Expenses: $95,000

AS PART OF THE TRANSLATIONAL GRANT PROGRAM, HS FOUNDATION AWARDED $95,000, WHICH CONSISTED OF $75,000 FOR HS PROGRESS AND $20,000 FOR SITE ONBOARDING. THIS FUNDING REPRESENTED THE FINAL YEAR OF SEED...

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AS PART OF THE TRANSLATIONAL GRANT PROGRAM, HS FOUNDATION AWARDED $95,000, WHICH CONSISTED OF $75,000 FOR HS PROGRESS AND $20,000 FOR SITE ONBOARDING. THIS FUNDING REPRESENTED THE FINAL YEAR OF SEED FUNDING FOR THE PROGRAM, AS WELL AS FUNDS FOR THE ONBOARDING OF TWO ADDITIONAL SITES.

Program 3
Expenses: $243,772 Revenue: $102,275

THE HS FOUNDATION HELD ITS SECOND ANNUAL EDUCATIONAL EVENT TARGETEDTOWARDS DERMATOLOGY RESIDENTS. THE PURPOSE OF THE EVENT, KNOWN AS HS ACADEMY, WAS TO EDUCATE THE NEXT GENERATION OF DERMATOLOGISTS...

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THE HS FOUNDATION HELD ITS SECOND ANNUAL EDUCATIONAL EVENT TARGETEDTOWARDS DERMATOLOGY RESIDENTS. THE PURPOSE OF THE EVENT, KNOWN AS HS ACADEMY, WAS TO EDUCATE THE NEXT GENERATION OF DERMATOLOGISTS ABOUT THE LATEST ADVANCEMENTS IN DIAGNOSIS, PATHOGENESIS, EPIDEMIOLOGY AND COMORBIDITIES, AS WELL AS MEDICAL AND PROCEDURE-BASED TREATMENTS FOR HIDRADENITIS SUPPURATIVA THROUGH LECTURE, BREAK-OUT SESSIONS, AND CASE-BASED STUDIES WITH RENOWNED EXPERTS AND PATIENTS. OVER 110 RESIDENTS ATTENDED THIS TWO-DAY EDUCATIONAL EXPERIENCE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $574,862
Program Service Revenue $598,777
Investment Income $5,546
Other Revenue $0
TOTAL REVENUE $1,179,185

Expense Breakdown

Grants Paid $109,000
Salaries & Benefits $225,000
Fundraising Expenses $22,500
Program Expenses $909,027
Other Expenses $805,182
TOTAL EXPENSES $1,139,182

Year-over-Year Comparison

2022 2021 Change
Revenue $1,179,185 $679,044 +0.7%
Expenses $1,139,182 $386,599 +1.9%
Net Income $40,003 $292,445 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
60

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$225,000
Total Directors
17
$11,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ILTEFAT HAMZAVI MD IMMEDIATE PAST PRESIDENT 1.00
Director
$0 $0 $0
JOSLYN R SCIACCA KIRBY MD PRESIDENT 5.00
Officer Director
$0 $0 $0
HADAR LEV-TOV MD VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
MARTIN OKUN MD SECRETARY 1.00
Officer Director
$0 $0 $0
ATHENA GIERBOLINI DIRECTOR 1.00
Director
$2,500 $0 $2,500
JENNIFER HSIAO MD DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER SAYED MD DIRECTOR 1.00
Director
$0 $0 $0
HALEY NAIK MD DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE LOWES MBBS PHD DIRECTOR 1.00
Director
$2,500 $0 $2,500
AMIT GARG MD DIRECTOR 1.00
Director
$3,500 $0 $3,500
BARRY RESNIK MD DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE GOLDBERG MD DIRECTOR 1.00
Director
$2,500 $0 $2,500
VIVIAN SHI MD TREASURER 2.00
Officer Director
$0 $0 $0
STEVEN DAVELUY MD DIRECTOR 1.00
Director
$0 $0 $0
AFSANEH ALAVI MD DIRECTOR 1.00
Director
$0 $0 $0
DONNA ATHERTON DIRECTOR 1.00
Director
$0 $0 $0
GINETTE OKOYE MD DIRECTOR 1.00
Director
$0 $0 $0
BRENT HAZELETT EXECUTIVE DIRECTOR 45.00
Officer
$225,000 $0 $225,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $1,179,185 $1,139,182 No data $40,003
2021 $679,044 $386,599 $1,219,380 $292,445
2020 $444,806 $241,359 $842,509 $203,447
2019 $460,786 $307,368 $645,685 $153,418
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