Civic Intelligence

Institute for Safe Medication Practices

990 • Fiscal year 2014 • EIN 23-2757559

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 29, 2015

200 Lakeside Drive No 200Horsham, PA 19044

(215) 947-7797

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.13x

Higher debt load relative to assets than 43% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

51st percentile

0.19x

Higher debt load relative to revenue than 51% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

69th percentile

10%

Higher net margin than 69% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

83rd percentile

$244,659

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

51st percentile

3.0%

Faster asset growth than 51% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

85th percentile

35%

Faster revenue growth than 85% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Up

$5,045,126

Up $148,497 (+3.0%) from 2013

Net Assets

Up

$4,379,130

Up $228,293 (+5.5%) from 2013

Liabilities

Down

$665,996

Down $79,796 (-11%) from 2013

Revenue

Up

$3,444,548

Up $885,158 (+35%) from 2013

Expenses

Up

$3,086,706

Up $203,125 (+7.0%) from 2013

Net Income

Up

$357,842

Up $682,033 (+210%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $4,887,743Liabilities 2011: $819,138Net Assets 2011: $4,068,6052011Assets 2012: $5,114,094Liabilities 2012: $819,909Net Assets 2012: $4,294,1852012Assets 2013: $4,896,629Liabilities 2013: $745,792Net Assets 2013: $4,150,8372013Assets 2014: $5,045,126Liabilities 2014: $665,996Net Assets 2014: $4,379,1302014Assets 2015: $5,226,449Liabilities 2015: $780,199Net Assets 2015: $4,446,2502015Assets 2016: $5,044,381Liabilities 2016: $738,506Net Assets 2016: $4,305,8752016Assets 2017: $5,163,552Liabilities 2017: $742,559Net Assets 2017: $4,420,9932017Assets 2018: $4,702,969Liabilities 2018: $659,762Net Assets 2018: $4,043,2072018Assets 2019: $3,313,976Liabilities 2019: $649,202Net Assets 2019: $2,664,7742019Assets 2020: $3,148,993Liabilities 2020: $1,088,311Net Assets 2020: $2,060,6822020Assets 2021: $2,764,621Liabilities 2021: $723,682Net Assets 2021: $2,040,9392021Assets 2022: $2,392,673Liabilities 2022: $754,199Net Assets 2022: $1,638,4742022Assets 2023: $2,007,773Liabilities 2023: $1,981,460Net Assets 2023: $26,3132023Assets 2024: $1,821,038Liabilities 2024: $3,263,288Net Assets 2024: -$1,442,2502024

Highlighted filing

2014

Assets$5,045,126
Liabilities$665,996
Net Assets$4,379,130

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2011: $3,748,820Expenses 2011: $3,064,079Net Income 2011: $684,7412011Expenses 2012: $3,111,1592012Revenue 2013: $2,559,390Expenses 2013: $2,883,581Net Income 2013: -$324,1912013Revenue 2014: $3,444,548Expenses 2014: $3,086,706Net Income 2014: $357,8422014Revenue 2015: $3,162,609Expenses 2015: $3,117,579Net Income 2015: $45,0302015Revenue 2016: $3,186,572Expenses 2016: $3,102,814Net Income 2016: $83,7582016Revenue 2017: $3,323,925Expenses 2017: $2,967,827Net Income 2017: $356,0982017Revenue 2018: $3,597,805Expenses 2018: $3,044,278Net Income 2018: $553,5272018Revenue 2019: $2,960,404Expenses 2019: $3,828,304Net Income 2019: -$867,9002019Revenue 2020: $2,379,102Expenses 2020: $3,508,891Net Income 2020: -$1,129,7892020Revenue 2021: $3,094,648Expenses 2021: $3,114,391Net Income 2021: -$19,7432021Revenue 2022: $2,506,078Expenses 2022: $2,908,543Net Income 2022: -$402,4652022Revenue 2023: $2,363,371Expenses 2023: $3,975,532Net Income 2023: -$1,612,1612023Revenue 2024: $2,402,337Expenses 2024: $3,870,900Net Income 2024: -$1,468,5632024

Highlighted filing

2014

Revenue$3,444,548
Expenses$3,086,706
Net Income$357,842
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 29, 2015
Return Version
2014v5.0
Gross Receipts
$4,602,409
Mission and Program Overview

Mission

The organization's mission is to advance patient safety worldwide by empowering the healthcare community 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

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,270,771$2,399,210▲ $128,439
Savings and Temporary Cash Investments$745,603$888,255▲ $142,652
Investments Other Securities$564,465$469,214▼ $95,251
Accounts Receivable$447,904$459,150▲ $11,246
Pledges and Grants Receivable$244,000$218,113▼ $25,887
Cash and Non-Interest-Bearing Accounts$255,235$212,621▼ $42,614
Land, Buildings, and Equipment, Net$126,611$80,865▼ $45,746
Prepaid Expenses and Deferred Charges$41,877$58,399▲ $16,522
Total Assets$4,896,629$5,045,126▲ $148,497
Other Assets Total$200,163$259,299▲ $59,136
Liabilities
Deferred Revenue$513,942$418,442▼ $95,500
Accounts Payable and Accrued Expenses$231,850$247,554▲ $15,704
Total Liabilities$745,792$665,996▼ $79,796
Net Assets / Fund Balance
Unrestricted Net Assets$3,944,337$4,190,767▲ $246,430
Temporarily Rstr Net Assets$206,500$188,363▼ $18,137
Total Net Assets Fund Balance$4,150,837$4,379,130▲ $228,293
Total Liabilities and Net Assets / Fund Balance$4,896,629$5,045,126▲ $148,497

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$50,535$594,864$645,399
Equipment$27,469$120,831$148,300
Leasehold Improvements$2,861$43,380$46,241
Other Assets Org$13,309--
Other Securities$469,214--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael CohenPresident - TrusteeFT$230,244$14,415$244,659
Allen VaidaExecutive Vice President & SecretaryFT$197,750$32,478$230,228
Judy SmetzerVice PresidentFT$149,843$29,957$179,800
Susan PaparellaVice PresidentFT$146,420$11,989$158,409
Christina MichalekMedication Safety AnalystFT$140,636$11,538$152,174
Michelle MandrackDir, Consult. ServicesFT$134,375$11,131$145,506
Matthew FrickerProgram DirectorFT$111,086$28,954$140,040
Matthew GrissingerDirector Error Report. Prgms.FT$116,191$9,989$126,180
Russell JenkinsTrustee-$20,276-$20,276

Board Members and Trustees

NameTitle
Lou MartinelliChairman of the Board - Tr
David BatesTrustee
David UTrustee
Deborah SimmonsTrustee
Janice DunsavageTrustee
L Albert Villarin JrTrustee
Margaret McGoldrickTrustee
Mark CzirakyTrustee
Rebecca FinleyTrustee
William ThomasTrustee
Zane WolfTrustee
Gregory BaldwinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$360,328
Program Service Revenue
$2,954,220
Investment Income
$169,892
Other Revenue
$-39,892
All Other Contributions
$269,371
Change in Net Assets
$357,842

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,497,511
Revenue Not Reported on Financial Statements
$-52,963
Revenue Not Reported on Form 990
$-129,549
Other Revenue Adjustments
$-56,784
Total Revenue per Audited Statements
$3,367,962
Total Revenue per Form 990
$3,444,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,174,264
Other Expenses$912,442
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,081,306$108,529-$1,189,835
Current Officers, Directors, Trustees, and Key Employees$645,570$64,795-$710,365
All Other Expenses$20,768$150,734-$171,502
Payroll Taxes$123,127$12,358-$135,485
Occupancy-$103,630-$103,630
Fees for Services Other$78,589--$78,589
Other Employee Benefits$64,086$6,432-$70,518
Pension Plan Contributions$61,853$6,208-$68,061
Other Expenses$66,943$632-$66,943
Depreciation Depletion-$42,663-$42,663
Insurance-$25,239-$25,239
Fees for Services Accounting-$16,833-$16,833
Office Expenses-$15,349-$15,349
Travel-$4,815-$4,815
Fees for Service Investment Mgmnt Fees-$3,821-$3,821
Fees for Services Legal-$1,200-$1,200
Total Functional Expenses$2,523,468$563,238$0$3,086,706

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,139,669
Total Expenses per Form 990$3,086,706
Expenses per Audited Statements$3,082,885
Expenses Not Reported on Form 990$56,784
Expenses Not Reported on Financial Statements$3,821
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$56,784
Fundraising Gross Income$16,892
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cheers Award Dinner$107,849$16,892$42,960$-26,068
Total Events$107,849$16,892$56,784$-39,892
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Rachel CohenFamily Relationship to PresidentEmployed by OrganizationNo$72,428
Jennifer GoldFamily Relationship to PresidentEmployed by OrganizationNo$48,208
Russell JenkinsTrusteeConsulting Fee for Services Provided to the OrganizationNo$21,039
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, line 2

Michael Cohen - President, Family Relationship Rachel Cohen - Employee, Family Relationship Jennifer Gold - Employee, Family relationship

Form 990, Part VI, Section A, line 6

The Organization's President is also its sole member

Form 990, Part VI, Section A, line 7A

The Organization's member is responsible for appointing the trustees to the board of directors annually.

Form 990, Part VI, Section B, line 11

Copies of Form 990 are distributed to the organization's governing body for review and will be given the opportunity to provide feedback for five business days.

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

The organization receives a signed conflict of interest statement annually from the board of trustees and staff. The statements are reviewed by a member of senior management.

Form 990, Part VI, Section B, line 15

15A-The chairperson of the board is responsible for reviewing the performance of the president, and shall recommend changes in compensation on an annual basis. The chairperson's recommendation will be based on annual performance and review of comparable salaries of similar organizations from 990's posted on guidestar.org. The president in cooperation with the chairman determines the compensation of the executive vice president. 15B-The president and executive vice president are responsible for reviewing the performance and determining compensation of other key employees in the organization on an annual basis.

Form 990, Part VI, Section C, line 19

The organization makes its governing documents, conflict of interest policy and financial statements available upon written request.

Filing and Contact Details

Filer

Filer Name
Institute for Safe Medication Practices
EIN
23-2757559
Phone
2159477797
Address
200 Lakeside Drive No 200, Horsham, PA 19044

Signing Officer

Name
Michael Cohen
Title
President
Phone
2159477797
Signed
2015-06-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Cohen
Formed
1994
Legal Domicile
Pa
Voting Board Members
13
Independent Board Members
11
Employees
34
Volunteers
23

Preparer

Firm
Morris J Cohen & Co PC
Address
1601 Market Street Suite 2525, Philadelphia, PA 19103
Preparer
Kenneth Siegel
Phone
2155678000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Equity in earnings (loss) of subsidiary -95,251.

Financial Statement Notes

Part X, Line 2:

In accordance with ASC Topic 740 Accounting for Uncertainty in Income Taxes, the Organization has evaluated its tax positions. A tax position is recognized as a benefit only if it is more likely than not that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that has a likelihood of being realized on examination of more than fifty percent. For tax positions not meeting the more likely than not test, no tax benefit is recorded. Under the more likely than not threshold guidelines, the Organization believes no significant uncertain tax positions exist, either individually or in the aggregate, that would give rise to the non-recognition of an existing tax benefit. In addition, the Organization had no material unrecognized tax benefits or accrued interest and penalties.

Part XI, Line 2D - Other Adjustments:

Equity in earnings (loss) of subsidiary -95,251.

Part XI, Line 4B - Other Adjustments:

Direct expenses of fund raising netted against revenue -56,784.

Part XII, Line 2D - Other Adjustments:

Direct expenses of fund raising netted against revenue 56,784.

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IRS990/ActivityOrMissionDesc0See 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.
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IRS990/Desc0Publications:ISMP produces five 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. The monthly ISMP Medication Safety Alert! Long-Term Care Advise-ERR provides timely medication safety information to staff working with resident populations that are often elderly, frail, dependent, complex in nature, and fraught with many different illnesses and dysfunctions. 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/Form990PartVIISectionAGrp/PersonNm0David Bates
IRS990/Form990PartVIISectionAGrp/PersonNm1Mark Cziraky
IRS990/Form990PartVIISectionAGrp/PersonNm2Janice Dunsavage
IRS990/Form990PartVIISectionAGrp/PersonNm3Russell Jenkins
IRS990/Form990PartVIISectionAGrp/PersonNm4Lou Martinelli
IRS990/Form990PartVIISectionAGrp/PersonNm5David U
IRS990/Form990PartVIISectionAGrp/PersonNm6Zane Wolf
IRS990/Form990PartVIISectionAGrp/PersonNm7Michael Cohen
IRS990/Form990PartVIISectionAGrp/PersonNm8Margaret McGoldrick
IRS990/Form990PartVIISectionAGrp/PersonNm9Rebecca Finley
IRS990/Form990PartVIISectionAGrp/PersonNm10L Albert Villarin Jr
IRS990/Form990PartVIISectionAGrp/PersonNm11Gregory Baldwin
IRS990/Form990PartVIISectionAGrp/PersonNm12Deborah Simmons
IRS990/Form990PartVIISectionAGrp/PersonNm13William Thomas
IRS990/Form990PartVIISectionAGrp/PersonNm14Allen Vaida
IRS990/Form990PartVIISectionAGrp/PersonNm15Judy Smetzer
IRS990/Form990PartVIISectionAGrp/PersonNm16Susan Paparella
IRS990/Form990PartVIISectionAGrp/PersonNm17Michelle Mandrack
IRS990/Form990PartVIISectionAGrp/PersonNm18Matthew Grissinger
IRS990/Form990PartVIISectionAGrp/PersonNm19Matthew Fricker
IRS990/Form990PartVIISectionAGrp/PersonNm20Christina Michalek
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt320276
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7230244
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14197750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15149843
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16146420
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17134375
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18116191
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19111086
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20140636
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chairman of the Board - Tr
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7President - Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Executive Vice President & Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt15Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt16Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt17Dir, Consult. Services
IRS990/Form990PartVIISectionAGrp/TitleTxt18Dir. Error Report. Prgms.
IRS990/Form990PartVIISectionAGrp/TitleTxt19Program Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Medication Safety Analyst
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IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0To 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/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt04379130
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0103930
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-39892
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-39892
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IRS990/NetUnrlzdGainsLossesInvstAmt0-34298
IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/TotalAmt0103630
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IRS990/OfficeExpensesGrp/TotalAmt015349
IRS990/OfficerMailingAddressInd00
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt064086
IRS990/OtherEmployeeBenefitsGrp/TotalAmt070518
IRS990/OtherExpensesGrp/Desc0Unrelated business inco
IRS990/OtherExpensesGrp/Desc1Educational
IRS990/OtherExpensesGrp/Desc2Public relations
IRS990/OtherExpensesGrp/Desc3Research
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0632
IRS990/OtherExpensesGrp/ProgramServicesAmt0310969
IRS990/OtherExpensesGrp/ProgramServicesAmt170257
IRS990/OtherExpensesGrp/ProgramServicesAmt266943
IRS990/OtherExpensesGrp/TotalAmt0632
IRS990/OtherExpensesGrp/TotalAmt1310969
IRS990/OtherExpensesGrp/TotalAmt270257
IRS990/OtherExpensesGrp/TotalAmt366943
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01081306
IRS990/OtherSalariesAndWagesGrp/TotalAmt01189835
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PayrollTaxesGrp/ProgramServicesAmt0123127
IRS990/PayrollTaxesGrp/TotalAmt0135485
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06208
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt061853
IRS990/PensionPlanContributionsGrp/TotalAmt068061
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0244000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0218113
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt058399
IRS990/PrincipalOfficerNm0Michael Cohen
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/BusinessCd1511190
IRS990/ProgramServiceRevenueGrp/BusinessCd2541900
IRS990/ProgramServiceRevenueGrp/BusinessCd3541900
IRS990/ProgramServiceRevenueGrp/BusinessCd4541900
IRS990/ProgramServiceRevenueGrp/Desc0Consultations
IRS990/ProgramServiceRevenueGrp/Desc1Publications
IRS990/ProgramServiceRevenueGrp/Desc2Education
IRS990/ProgramServiceRevenueGrp/Desc3Error Analysis
IRS990/ProgramServiceRevenueGrp/Desc4Research
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0800879
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1771377
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2691231
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3467631
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4223102
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0800879
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1771377
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2691231
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3467631
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4223102
IRS990/ProgSrvcAccomActy2Grp/Desc0Consultations: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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0553872
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0800879
IRS990/ProgSrvcAccomActy3Grp/Desc0Education: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.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0691180
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0691231
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Various Programs:Error Reporting and Analysis:Nearly 40 years ago, the voluntary ISMP National Medication Errors Reporting Program (ISMP MERP) was formed 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 a National Vaccine Errors Reporting Program (ISMP VERP). 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 and develops guidance and prevention strategies to prevent errors. ISMP introduced the 2014-2015 Targeted Medication Safety Best Practices for Hospitals to identify, inspire, and mobilize national action on recurring safety problems. ISMP has 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. In 2014,the Institute published an article in the Joint Commission Journal on Quality and Patient Safety on the state of safe medication practices over the last decade based on findings from its self assessments,and provided a list of national safety priorities that merit greater attention.
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IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0690733
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYContributionsGrantsAmt0288588
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IRS990/PYInvestmentIncomeAmt0107715
IRS990/PYOtherExpensesAmt0731300
IRS990/PYOtherRevenueAmt0-31280
IRS990/PYProgramServiceRevenueAmt02194367
IRS990/PYRevenuesLessExpensesAmt0-324191
IRS990/PYSalariesCompEmpBnftPaidAmt02152281
IRS990/PYTotalExpensesAmt02883581
IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
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IRS990/ReportProgramRelatedInvstInd00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0745603
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0888255

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$3.26$1.44$2.40$3.87$1.47
2023Summary only. Only limited summary data is available for this year.$2.01$1.98$0.03$2.36$3.98$1.61
2022Summary only. Only limited summary data is available for this year.$2.39$0.75$1.64$2.51$2.91$0.40
2021Summary only. Only limited summary data is available for this year.$2.76$0.72$2.04$3.09$3.11$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.15$1.09$2.06$2.38$3.51$1.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.31$0.65$2.66$2.96$3.83$0.87
2018Summary only. Only limited summary data is available for this year.$4.70$0.66$4.04$3.60$3.04$0.55
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.16$0.74$4.42$3.32$2.97$0.36
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.04$0.74$4.31$3.19$3.10$0.08
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.23$0.78$4.45$3.16$3.12$0.05
2014Detailed filing. Detailed filing data is available for this year.$5.05$0.67$4.38$3.44$3.09$0.36
2013Detailed filing. Detailed filing data is available for this year.$4.90$0.75$4.15$2.56$2.88$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.11$0.82$4.29$3.11
2011Summary only. Only limited summary data is available for this year.$4.89$0.82$4.07$3.75$3.06$0.68