Liabilities / Assets
45th percentile
Higher debt load relative to assets than 45% of similar nonprofits.
Institute for Safe Medication Practices
990 • Fiscal year 2012 • EIN 23-2757559
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.16x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
62nd percentile
Faster asset growth than 62% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Up$5,114,094
Up $226,351 (+4.6%) from 2011
Net Assets
Up$4,294,185
Up $225,580 (+5.5%) from 2011
Liabilities
Up$819,909
Up $771 (+0.1%) from 2011
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Up$3,111,159
Up $47,080 (+1.5%) from 2011
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2012 to Dec 31, 2012
- Signed
- Jun 17, 2013
- Return Version
- 2012v2.1
- Gross Receipts
- $3,605,042
Mission and Program Overview
Mission
The organization's mission is to advance patient safety worldwide by empowering the healthcare community, including consumers, to prevent medication errors.the organization accomplishes its mission through its interdisciplinary efforts to:- collect and analyze reports of medication-related hazardous conditions, near-misses, errors, and other adverse drug events- disseminate timely medication safety information, risk-reduction tools, and error-prevention strategies- educate the healthcare community and consumers about safe medication practices- collaborate with other patient safety organizations, educational institutions, governmental agencies and other healthcare stakeholders- advocate the adoption of safe medication standards by accrediting bodies, manufacturers, policy makers, regulatory agencies, and standards-setting organizations- conduct research to provide evidence-based safe medication practices
Major Activities
- Activity 2
- Consultations:Each year, ISMP provides confidential consulting services to healthcare facilities across the country in a wide range of practice settings, including hospitals and community pharmacies, to help them improve medication safety. Onsite hospital and health system risk assessments by a multidisciplinary team of practitioners result in safe practice recommendations for medication error prevention and follow-up implementation and support services. On an annual basis, these onsite visits directly impact facilities representing more than 5,000 inpatient beds and hundreds of thousands of emergency department visits. In addition, ISMP consultants provide similar assessment and support to outpatient pharmacies nationwide, representing tens of thousands of prescriptions filled each year. Unlike other consultants, ISMP constantly updates its evidenced-based prevention strategies with real-time information gained from ongoing analysis of thousands of reports submitted to its national voluntary error reporting programs.
- Activity 3
- Education:ISMP considers education to be a core component of its mission, and offers a variety of valuable educational resources for healthcare practitioners and consumers, including frequent webinars, continuing education sessions at some of the nation's largest professional meetings, workshops, lectures, posters, videos, and patient brochures. A wide range of free tools for healthcare practitioners, such as lists of high-alert drugs and potentially dangerous abbreviations, are available on www.ismp.org. In addition, ISMP hosts medication safety fellowships and onsite mentoring programs for medication safety officers and international healthcare practitioners. ISMP's consumer website, www.consumermedsafety.org, gives individuals the ability to receive customized safety alerts for the medications they, their family members, and their friends take, along with advice from leading safety experts and information and guidelines on safe medication use.
Filing and Contact Details
Filer
- EIN
- 23-2757559
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| IRS990/Activity2/Description | 0 | Consultations:Each year, ISMP provides confidential consulting services to healthcare facilities across the country in a wide range of practice settings, including hospitals and community pharmacies, to help them improve medication safety. Onsite hospital and health system risk assessments by a multidisciplinary team of practitioners result in safe practice recommendations for medication error prevention and follow-up implementation and support services. On an annual basis, these onsite visits directly impact facilities representing more than 5,000 inpatient beds and hundreds of thousands of emergency department visits. In addition, ISMP consultants provide similar assessment and support to outpatient pharmacies nationwide, representing tens of thousands of prescriptions filled each year. Unlike other consultants, ISMP constantly updates its evidenced-based prevention strategies with real-time information gained from ongoing analysis of thousands of reports submitted to its national voluntary error reporting programs. |
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| IRS990/Activity3/Description | 0 | Education:ISMP considers education to be a core component of its mission, and offers a variety of valuable educational resources for healthcare practitioners and consumers, including frequent webinars, continuing education sessions at some of the nation's largest professional meetings, workshops, lectures, posters, videos, and patient brochures. A wide range of free tools for healthcare practitioners, such as lists of high-alert drugs and potentially dangerous abbreviations, are available on www.ismp.org. In addition, ISMP hosts medication safety fellowships and onsite mentoring programs for medication safety officers and international healthcare practitioners. ISMP's consumer website, www.consumermedsafety.org, gives individuals the ability to receive customized safety alerts for the medications they, their family members, and their friends take, along with advice from leading safety experts and information and guidelines on safe medication use. |
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| IRS990/ActivityOrMissionDescription | 0 | See Schedule O The Institute for Safe Medication Practices (ISMP) is the nation's only nonprofit, charitable organization devoted entirely to medication error prevention and safe medication use. It provides independent, proven recommendations for the safe use of medications to healthcare professionals, government agencies, accrediting organizations, the pharmaceutical industry, and consumers. |
| IRS990/ActivityOther/Description | 0 | Various Programs:Error Reporting and Analysis:Nearly 40 years ago, the voluntary ISMP National Medication Errors Reporting Program (ISMP MERP) was begun to learn about errors happening across the nation, understand their causes, and share lessons learned with the healthcare community. Each year, the program receives hundreds of reports from healthcare practitioners, and that information is used to bring about large-scale changes in medication safety. The Institute also reviews all medication error reports submitted by healthcare facilities to the Commonwealth of Pennsylvania Patient Safety Authority, and established the first consumer error reporting system through its consumer website (www.ConsumerMedSafety.org) as well as launching a new National Vaccine Errors Reporting Program (ISMP VERP) in late 2012. ISMP was named one of the first federally certified Patient Safety Organizations (PSOs), providing the highest level of legal protection and confidentiality for the data and error reports it receives. ISMP's QuarterWatch program analyzes errors and serious side effects reported to the U.S. Food and Drug Administration and issues reports that identify safety problems with specific medicines. Research and Best Practices Development:In addition to disseminating information on safe medication use gained through its reporting programs and other sources, ISMP conducts original research to help provide evidence-based solutions. Recent examples include ISMP's research on the handling of high-alert medications in community pharmacies, which resulted in development of a series of free tools for the community setting--consumer leaflets on high-alert medications, software to estimate error rates and measure improvement, and an assessment of readiness to implement barcoding of medications. The Institute also held a national summit to develop draft guidelines for sterile preparation compounding safety, which were released in 2012. The Institute regularly conducts surveys through its newsletters that have turned the spotlight on crucial safety issues such as prescription filling "time guarantees". ISMP also conducted national medication safety self assessments for acute care hospitals in 2000, 2004, and 2011 and an international assessment for oncology medication safety in 2012. |
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| IRS990/Description | 0 | Publications:ISMP produces four electronic newsletters that collectively reach more than three million readers and are recognized as some of the most timely, comprehensive medical alert systems in the world. The biweekly ISMP Medication Safety Alert! Acute Care edition provides virtually every U.S. hospital with vital and life-saving information about medication and device errors and adverse drug reactions. The monthly Community/ Ambulatory Care edition and Nurse Advise-ERR newsletters give pharmacists, pharmacy technicians, nurses, physicians, and other health professionals recommendations that they can use in their own practice settings. Safe Medicine, published every other month, is the only consumer health newsletter focusing specifically on error prevention. ISMP also publishes educational columns in several healthcare professional journals and publications and comprehensive books on safe medication use for healthcare practitioners. |
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| IRS990/LandBldgEquipmentAccumDeprec | 0 | 591039 |
| IRS990/LandBuildingsEquipmentBasis | 0 | 820310 |
| IRS990/LandBuildingsEquipmentBasisNet/BOY | 0 | 312545 |
| IRS990/LandBuildingsEquipmentBasisNet/EOY | 0 | 229271 |
| IRS990/LessCostOthBasisSalesExpenses/Securities | 0 | 351499 |
| IRS990/LoanToOfficerOrDQP | 0 | 0 |
| IRS990/LobbyingActivities | 0 | 0 |
| IRS990/LocalChapters | 0 | 0 |
| IRS990/MaterialDiversionOrMisuse | 0 | 0 |
| IRS990/MembersOrStockholders | 0 | 1 |
| IRS990/MethodOfAccountingAccrual | 0 | X |
| IRS990/MinutesOfCommittees | 0 | 1 |
| IRS990/MinutesOfGoverningBody | 0 | 1 |
| IRS990/MissionDescription | 0 | To advance patient safety worldwide by empowering the healthcare community, including consumers, to prevent medication errors. We accomplish this through our interdisciplinary efforts to:Collect and analyze reports of medication-related hazardous conditions, near-misses, errors, and other adverse drug events. Disseminate timely medication safety information, risk-reduction tools, and error-prevention strategies. Educate the healthcare community and consumers about safe medication practices. Collaborate with other patient safety organizations, educational institutions, governmental agencies and other healthcare stakeholders. Advocate the adoption of safe medication standards by accrediting bodies, manufacturers, policy makers, regulatory agencies, and standards-setting organizations. Conduct research to provide evidence-based safe medication practices. |
| IRS990/MoreThan5000KToIndividuals | 0 | 0 |
| IRS990/MoreThan5000KToOrganizations | 0 | 0 |
| IRS990/MortNotesPyblSecuredInvestProp/BOY | 0 | 18248 |
| IRS990/MortNotesPyblSecuredInvestProp/EOY | 0 | 7374 |
| IRS990/NameOfPrincipalOfficerPerson | 0 | Michael Cohen |
| IRS990/NbrIndependentVotingMembers | 0 | 14 |
| IRS990/NbrVotingGoverningBodyMembers | 0 | 16 |
| IRS990/NbrVotingMembersGoverningBody | 0 | 16 |
| IRS990/NetAssetsOrFundBalancesBOY | 0 | 4068605 |
| IRS990/NetAssetsOrFundBalancesEOY | 0 | 4294185 |
| IRS990/NetGainOrLossInvestments/ExclusionAmount | 0 | 6413 |
| IRS990/NetGainOrLossInvestments/TotalRevenueColumn | 0 | 6413 |
| IRS990/NetIncomeFromFundraisingEvents/ExclusionAmount | 0 | -43926 |
| IRS990/NetIncomeFromFundraisingEvents/TotalRevenueColumn | 0 | -43926 |
| IRS990/NetUnrelatedBusinessTxblIncome | 0 | 300 |
| IRS990/NonDeductibleContributions | 0 | 0 |
| IRS990/NumberFormsTransmittedWith1096 | 0 | 22 |
| IRS990/NumberIndependentVotingMembers | 0 | 14 |
| IRS990/NumberIndividualsGT100K | 0 | 9 |
| IRS990/NumberOfContractorsGT100K | 0 | 0 |
| IRS990/NumberOfEmployees | 0 | 35 |
| IRS990/NumberW2GIncluded | 0 | 0 |
| IRS990/Occupancy/ManagementAndGeneral | 0 | 104341 |
| IRS990/Occupancy/Total | 0 | 104341 |
| IRS990/OfficeExpenses/ManagementAndGeneral | 0 | 33076 |
| IRS990/OfficeExpenses/Total | 0 | 33076 |
| IRS990/OfficerEntityWithBsnssRltnshp | 0 | 0 |
| IRS990/OfficerMailingAddress | 0 | 0 |
| IRS990/Organization501c3 | 0 | X |
| IRS990/OtherAssetsTotal/BOY | 0 | 116742 |
| IRS990/OtherAssetsTotal/EOY | 0 | 154265 |
| IRS990/OtherEmployeeBenefits/ManagementAndGeneral | 0 | 2093 |
| IRS990/OtherEmployeeBenefits/ProgramServices | 0 | 21171 |
| IRS990/OtherEmployeeBenefits/Total | 0 | 23264 |
| IRS990/OtherExpensePriorYear | 0 | 1159702 |
| IRS990/OtherExpensesCurrentYear | 0 | 924932 |
| IRS990/OtherExpenses/Description | 0 | Research |
| IRS990/OtherExpenses/Description | 1 | Educational |
| IRS990/OtherExpenses/Description | 2 | Consulting fees |
| IRS990/OtherExpenses/Description | 3 | Public relations |
| IRS990/OtherExpenses/ProgramServices | 0 | 159194 |
| IRS990/OtherExpenses/ProgramServices | 1 | 143180 |
| IRS990/OtherExpenses/ProgramServices | 2 | 115020 |
| IRS990/OtherExpenses/ProgramServices | 3 | 77278 |
| IRS990/OtherExpenses/Total | 0 | 159194 |
| IRS990/OtherExpenses/Total | 1 | 143180 |
| IRS990/OtherExpenses/Total | 2 | 115020 |
| IRS990/OtherExpenses/Total | 3 | 77278 |
| IRS990/OtherRevenueCurrentYear | 0 | -43926 |
| IRS990/OtherRevenuePriorYear | 0 | -45743 |
| IRS990/OtherSalariesAndWages/ManagementAndGeneral | 0 | 97524 |
| IRS990/OtherSalariesAndWages/ProgramServices | 0 | 986546 |
| IRS990/OtherSalariesAndWages/Total | 0 | 1084070 |
| IRS990/PartialLiquidation | 0 | 0 |
| IRS990/PayrollTaxes/ManagementAndGeneral | 0 | 12669 |
| IRS990/PayrollTaxes/ProgramServices | 0 | 128157 |
| IRS990/PayrollTaxes/Total | 0 | 140826 |
| IRS990/PensionPlanContributions/ManagementAndGeneral | 0 | 7733 |
| IRS990/PensionPlanContributions/ProgramServices | 0 | 78217 |
| IRS990/PensionPlanContributions/Total | 0 | 85950 |
| IRS990/PledgesAndGrantsReceivable/BOY | 0 | 445000 |
| IRS990/PledgesAndGrantsReceivable/EOY | 0 | 308000 |
| IRS990/PoliticalActivities | 0 | 0 |
| IRS990/PremiumsPaid | 0 | 0 |
| IRS990/PrepaidExpensesDeferredCharges/BOY | 0 | 36402 |
| IRS990/PrepaidExpensesDeferredCharges/EOY | 0 | 32508 |
| IRS990/PriorExcessBenefitTransaction | 0 | 0 |
| IRS990/ProfessionalFundraising | 0 | 0 |
| IRS990/ProgramServiceRevenue/BusinessCode | 0 | 541900 |
| IRS990/ProgramServiceRevenue/BusinessCode | 1 | 511190 |
| IRS990/ProgramServiceRevenue/BusinessCode | 2 | 541900 |
| IRS990/ProgramServiceRevenue/BusinessCode | 3 | 541900 |
| IRS990/ProgramServiceRevenue/BusinessCode | 4 | 541900 |
| IRS990/ProgramServiceRevenueCY | 0 | 2734119 |
| IRS990/ProgramServiceRevenue/Description | 0 | Consultations |
| IRS990/ProgramServiceRevenue/Description | 1 | Publications |
| IRS990/ProgramServiceRevenue/Description | 2 | Education |
| IRS990/ProgramServiceRevenue/Description | 3 | Error Analysis |
| IRS990/ProgramServiceRevenue/Description | 4 | Research |
| IRS990/ProgramServiceRevenuePriorYear | 0 | 2563420 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 0 | 1080330 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 1 | 685714 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 2 | 513649 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 3 | 385290 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 4 | 54850 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 0 | 1080330 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 1 | 685714 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 2 | 513649 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 3 | 385290 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 4 | 54850 |
| IRS990/ProhibitedTaxShelterTrans | 0 | 0 |
| IRS990/QuidProQuoContributions | 0 | 1 |
| IRS990/QuidProQuoDisclosure | 0 | 1 |
| IRS990/ReconcilationOtherChanges | 0 | -10058 |
| IRS990/ReconcilationRevenueExpenses | 0 | 81168 |
| IRS990/ReconciliationUnrealizedInvest | 0 | 154470 |
| IRS990/RegularMonitoringEnforcement | 0 | 1 |
| IRS990/RelatedEntity | 0 | 1 |
| IRS990/RelatedOrgControlledEntity | 0 | 1 |
| IRS990/ReportFin48Footnote | 0 | 1 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $5,114,094
- Liabilities
- $819,909
- Net assets
- $4,294,185
- Revenue
- -
- Expenses
- $3,111,159
- Net income
- -