Civic Intelligence

Hidradenitis Suppurativa Foundation Inc

EIN 92-0598936 • 501(c)3 • Cary, NC

Profile

The mission of the hs foundation is to improve the lives of people affected by hs through advocacy, education and research.

964 High House Road 3064Cary, NC 27513

www.hs-foundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.31x

Higher debt load relative to assets than 75% of similar nonprofits.

NTEE P20 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.36x

Higher debt load relative to revenue than 81% of similar nonprofits.

NTEE P20 • $1M-$5M nonprofits • Source year 2024

Net Margin

70th percentile

25%

Higher net margin than 70% of similar nonprofits.

NTEE P20 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

96th percentile

$243,108

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

NTEE P20 • $1M-$5M nonprofits • Source year 2024

Asset Growth

80th percentile

66%

Faster asset growth than 80% of similar nonprofits.

NTEE P20 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

67%

Faster revenue growth than 79% of similar nonprofits.

NTEE P20 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$2,109,589

Up $841,028 (+66%) from 2023

Liabilities

Up

$648,400

Up $377,649 (+139%) from 2023

Net Assets

Up

$1,461,189

Up $463,379 (+46%) from 2023

Operations
Liabilities / Revenue81st percentileNet Margin70th percentile

Revenue

Up

$1,803,205

Up $724,462 (+67%) from 2023

Expenses

Up

$1,349,348

Up $104,272 (+8.4%) from 2023

Net Income

Up

$453,857

Up $620,190 (+373%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth80th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2023: $1,268,561Liabilities 2023: $270,751Net Assets 2023: $997,8102023Assets 2024: $2,109,589Liabilities 2024: $648,400Net Assets 2024: $1,461,1892024

Highlighted filing

2024

Assets$2,109,589
Liabilities$648,400
Net Assets$1,461,189
Open 2024 Filing

Operations Trend

Revenue Growth79th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2023: $1,078,743Expenses 2023: $1,245,076Net Income 2023: -$166,3332023Revenue 2024: $1,803,205Expenses 2024: $1,349,348Net Income 2024: $453,8572024

Highlighted filing

2024

Revenue$1,803,205
Expenses$1,349,348
Net Income$453,857
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,109,589
Liabilities
$648,400
Net assets
$1,461,189
Revenue
$1,803,205
Expenses
$1,349,348
Net income
$453,857
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$0.65$1.46$1.80$1.35$0.45
2023Detailed filing. Detailed filing data is available for this year.$1.27$0.27$1.00$1.08$1.25$0.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$1,803,205
Mission and Program Overview

Mission

The mission of the hs foundation is to improve the lives of people affected by hs through advocacy, education and research.

The hidradenitis suppurativa foundation (hsf) is a nonprofit public benefit corporation dedicated to improving the quality of life and quality of care for individuals and families affected by hidradenitis suppurativa (hs). The hsf fosters and encourages worldwide research by developing and supporting an interdisciplinary family of scientists and physicians devoted to studying the molecular and cellular basis of hs, in order to develop and deliver more effective forms of treatment and preventative measures for those with this debilitating and eminently chronic disease.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$691,865$1,575,411▲ $883,546
Investments Other Securities$402,689$425,241▲ $22,552
Accounts Receivable$128,400$79,285▼ $49,115
Prepaid Expenses and Deferred Charges$40,946$25,727▼ $15,219
Savings and Temporary Cash Investments$4,661$3,925▼ $736
Total Assets$1,268,561$2,109,589▲ $841,028
Liabilities
Deferred Revenue-$405,000-
Accounts Payable and Accrued Expenses$270,751$243,400▼ $27,351
Total Liabilities$270,751$648,400▲ $377,649
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$997,810$1,461,189▲ $463,379
Total Net Assets Fund Balance$997,810$1,461,189▲ $463,379
Total Liabilities and Net Assets / Fund Balance$1,268,561$2,109,589▲ $841,028

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$425,241--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brent HazelettChief Executive OfficerFT$222,425$20,683$243,108

Board Members and Trustees

NameTitle
Iltefat Hamzavi MdImmediate Past President
Joslyn R Sciacca Kirby MdPast President
Hadar Lev-tov MdPresident
Haley Naik MdVice President
Afsaneh Alavi MdDirector
Amit Garg MdDirector
Athena GierboliniDirector
Barry Resnik MdDirector
Colleen Cotton MdDirector
Donna AthertonDirector
Ginette Okoye MdDirector
Jennifer Hsiao MdDirector
Lauren Orenstein MdDirector
Michelle Lowes Mbbs PhdDirector
Stephanie Goldberg MdDirector
Steven Daveluy MdDirector
Martin Okun MdPast Secretary
Christopher Sayed MdSecretary
Vivian Shi MdTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$941,347
Program Service Revenue
$818,997
Investment Income
$42,861
Other Revenue
$0
All Other Contributions
$941,347
Change in Net Assets
$453,857

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,801,646
Revenue Not Reported on Financial Statements
$1,559
Revenue Not Reported on Form 990
$9,521
Total Revenue per Audited Statements
$1,811,167
Total Revenue per Form 990
$1,803,205
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$745,582
Grants and Similar Amounts Paid$347,000
Salaries, Compensation, and Employee Benefits$256,766
Total Fundraising Expense$28,511
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$591,682--$591,682
Grants to Domestic Orgs$345,000--$345,000
Current Officers, Directors, Trustees, and Key Employees$81,379$134,417$27,127$242,923
Fees for Services Other-$79,184-$79,184
Travel$31,312$7,828-$39,140
Payroll Taxes$4,153$8,306$1,384$13,843
Fees for Services Accounting-$13,274-$13,274
Office Expenses-$9,160-$9,160
Grants to Domestic Individuals$2,000--$2,000
Advertising$1,749--$1,749
Insurance-$1,582-$1,582
Fees for Service Investment Mgmnt Fees-$1,559-$1,559
Other Expenses$885$1,136-$885
Fees for Services Legal-$715-$715
Total Functional Expenses$1,063,676$257,161$28,511$1,349,348

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,349,348
Expenses per Audited Statements$1,347,788
Total Expenses per Audited Statements$1,347,788
Expenses Not Reported on Financial Statements$1,560
Other Expense Adjustments$1
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of MiamiCoral Gables, FL501(c)(3)Grant Funding Provided to Researchers and Institutions to Support Their Research Advances in Hs.$95,000
The Regents of the University of CaliforniaOakland, CA501(c)(3)Grant Funding Provided to Researchers and Institutions to Support Their Research Advances in Hs.$75,000
Dermatology FoundationEvanston, IL501(c)(3)Grant Funding Provided to Researchers and Institutions to Support Their Research Advances in Hs.$55,000
American Academy of DermatologyRosemont, IL501(c)(3)Grant Funding Provided to Researchers and Institutions to Support Their Research Advances in Hs.$40,000
Beth Israel Deaconess Medical Center IncBoston, MA501(c)(3)Grant Funding Provided to Researchers and Institutions to Support Their Research Advances in Hs.$20,000
Children's Research InstituteRaleigh, NC501(c)(3)Grant Funding Provided to Researchers and Institutions to Support Their Research Advances in Hs.$20,000
Stanford University School of MedicineStanford, CA501(c)(3)Grant Funding Provided to Researchers and Institutions to Support Their Research Advances in Hs.$20,000
Yale UniversityNew Haven, CT501(c)(3)Grant Funding Provided to Researchers and Institutions to Support Their Research Advances in Hs.$20,000

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland & Greenland)Corporate Sponsorships: $160,000 received-00-
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“A copy of the Form 990 is reviewed by the Executive Director and Board of Directors before it is filed.”

Form 990, Part VI, Section B, line 12C

“The hs foundation requires leaders to complete a conflict of interest form annually and requires members to routinely cite if they have a working relationship with a company that is being discussed.”

Form 990, Part VI, Section B, line 15A

“The board of directors reviews and approves the form 990 prior to its filing.”

Form 990, Part VI, Section C, line 18

“Information will be made available upon request.”

Form 990, Part VI, Section C, line 19

“The Organization makes information available through the Organization's website.”

Filing and Contact Details

Filer

Filer Name
Hidradenitis Suppurativa Foundation Inc
EIN
92-0598936
Phone
9193780707
Address
964 High House Road 3064, Cary, NC 27513

Signing Officer

Name
Brent Hazelett
Title
Chief Executive Officer
Phone
9193780707
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brent Hazelett
Formed
2005
Legal Domicile
Nc
Voting Board Members
16
Independent Board Members
16
Employees
1
Volunteers
40

Preparer

Firm
Stancil PC
Address
4909 Windy Hill Drive, Raleigh, NC 27609
Preparer
David Piscorik
Phone
9198721260
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The Executive Committee oversees the review process. The process has not changed since last year.”

Financial Statement Notes

Part X, Line 2:

“The Foundation is a not-for-profit organization and is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for income taxes has been made in the accompanying financial statements. The Foundation has evaluated their income tax positions and has determined that they have no uncertain tax positions. The Foundation is not currently under examination by the Internal Revenue Service or the State of North Carolina.”

Part XII, Line 4B - Other Adjustments:

“Rounding”

Raw XML AppendixShowing 400 of 666 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE HIDRADENITIS SUPPURATIVA FOUNDATION (HSF) IS A NONPROFIT PUBLIC BENEFIT CORPORATION DEDICATED TO IMPROVING THE QUALITY OF LIFE AND QUALITY OF CARE FOR INDIVIDUALS AND FAMILIES AFFECTED BY HIDRADENITIS SUPPURATIVA (HS). THE HSF FOSTERS AND ENCOURAGES WORLDWIDE RESEARCH BY DEVELOPING AND SUPPORTING AN INTERDISCIPLINARY FAMILY OF SCIENTISTS AND PHYSICIANS DEVOTED TO STUDYING THE MOLECULAR AND CELLULAR BASIS OF HS, IN ORDER TO DEVELOP AND DELIVER MORE EFFECTIVE FORMS OF TREATMENT AND PREVENTATIVE MEASURES FOR THOSE WITH THIS DEBILITATING AND EMINENTLY CHRONIC DISEASE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0IMMEDIATE PAST PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt3PAST SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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IRS990/MissionDesc0THE MISSION OF THE HS FOUNDATION IS TO IMPROVE THE LIVES OF PEOPLE AFFECTED BY HS THROUGH ADVOCACY, EDUCATION AND RESEARCH.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Over $305,000 in grant funding was provided through three HSF programs. The Danby Grant provided five grants totaling $100,000, while the Translational Grant Program provided two grants totaling $150,000. Finally, the HSF funded a Career Development Award through a partnership with the Dermatology Foundation for $55,000. The grants all fund research and researchers focused on the field of HS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0The HS Foundation held its fourth annual educational event for dermatology residents, called HS Academy. The purpose of the event is to educate the next generation of practicing 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 patient faculty. The event takes place over the course of three days and all expenses for attendees, including travel, is completely covered by the Foundation.
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