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Institute For Safe Medication Practices

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 232757559 ✦ Plymouth meeting, PA ✦ Designated as a 501(c)(3)

Overview

What is Institute For Safe Medication Practices?

The Institute for Safe Medication Practices (ISMP) is a dedicated nonprofit organization based in Plymouth Meeting, Pennsylvania. Their primary mission is to enhance patient safety worldwide by empowering the healthcare community to prevent medication errors. They accomplish this through various interdisciplinary efforts, including: collecting and analyzing reports of medication-related hazards, disseminating timely medication safety information, educating healthcare professionals and consumers about safe medication practices, and collaborating with other patient safety organizations. ISMP provides valuable educational resources, such as webinars, workshops, lectures, and patient brochures, and offers a medication safety membership to help reduce the occurrence of medication errors. Their publications, including newsletters and educational columns, offer vital medication safety information and guidelines. ISMP's initiatives are aimed at creating a safer medication use environment for patients and healthcare providers worldwide.


Official website here: www.ismp.org

Is Institute For Safe Medication Practices legitimate?

Institute For Safe Medication Practices is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For Safe Medication Practices submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $608,436
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,284,685

For more financial information, click here


Official website here: www.ismp.org

What is the mission statement of Institute For Safe Medication Practices?

The Institute for Safe Medication Practices aims to promote patient safety globally by empowering the healthcare community to prevent medication errors. They accomplish this goal through various interdisciplinary efforts, including collecting and analyzing reports of medication-related hazards, disseminating medication safety information, educating healthcare professionals and consumers about safe medication practices, collaborating with patient safety organizations, advocating for the adoption of safe medication standards, and conducting research to provide evidence-based safe medication practices.


Official website here: www.ismp.org

Who is the CEO of Institute For Safe Medication Practices?

Rita Jew is the President of Institute For Safe Medication Practices.


Official website here: www.ismp.org

What is the revenue of Institute For Safe Medication Practices?

Institute For Safe Medication Practices's revenue in 2022 was $2,506,078.


Official website here: www.ismp.org

Who are the executives of Institute For Safe Medication Practices and what are their salaries?

The average compensation at Institute For Safe Medication Practices during 2022 was $105,173. There are 18 employees and 68 volunteers at Institute For Safe Medication Practices.

Here are 15 key members and their salaries:

    Marcus Schabacker (Director - Chair)
  • Compensation: $0
  • Related: $994,872
  • Other: $51,439

    • Dheerendra Kommala (Director)
  • Compensation: $0
  • Related: $763,603
  • Other: $25,209

    • Peter Catalano (Director - Treasurer)
  • Compensation: $0
  • Related: $569,934
  • Other: $46,593

    • Randal White (Secretary)
  • Compensation: $0
  • Related: $372,140
  • Other: $46,880

    • Rita Jew (President)
  • Compensation: $278,099
  • Related: $0
  • Other: $12,077

    • Susan Paparella (Vp, Services)
  • Compensation: $178,749
  • Related: $0
  • Other: $7,719

    • Christina Michalek (Director, Membership And Pso)
  • Compensation: $174,394
  • Related: $0
  • Other: $675

    • Michelle Mandrack (Director, Consulting)
  • Compensation: $154,488
  • Related: $0
  • Other: $18,302

    • Michael Cohen (President Emeritus)
  • Compensation: $151,588
  • Related: $0
  • Other: $6,063

    • Michael Gaunt (Sr Mgr, Error Reporting)
  • Compensation: $139,534
  • Related: $0
  • Other: $6,105

    • Matthew Grissinger (Director, Education)
  • Compensation: $138,147
  • Related: $0
  • Other: $5,842

    • Rebecca Lamis (Mgr, Med Safety Board)
  • Compensation: $116,508
  • Related: $0
  • Other: $16,077

    • Ann Shastay (Sr Mgr, Publications)
  • Compensation: $119,468
  • Related: $0
  • Other: $5,234

    • Shannon Bertagnoli (Med Safety Spec, Pub. (As Of 3/7/22))
  • Compensation: $112,590
  • Related: $0
  • Other: $6,420

    • Janice Dunsavage (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ismp.org

    Where can I find the form 990 for Institute For Safe Medication Practices?

    The Institute For Safe Medication Practices’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ismp.org

    Learn more at the official website: www.ismp.org

    Mission Statement of Institute For Safe Medication Practices

    The Institute for Safe Medication Practices, as an organization, is committed to promoting patient safety worldwide. It achieves this mission by empowering the healthcare community to prevent medication errors. The Institute accomplishes this by engaging in interdisciplinary efforts. This includes the collection and analysis of reports on medication-related hazardous conditions, near-misses, errors, and other adverse drug events.

    Furthermore, the Institute disseminates timely medication safety information, risk-reduction tools, and error-prevention strategies. It also educates the healthcare community and consumers about safe medication practices. The organization collaborates with various patient safety organizations, educational institutions, governmental agencies, and healthcare stakeholders to advocate for the adoption of safe medication standards.

    In addition, the Institute conducts research to provide evidence-based safe medication practices. It accredits manufacturers, policy makers, regulatory agencies, and standards-setting organizations to ensure the implementation of these standards. The Institute also works with other patient safety organizations to collaborate on initiatives and share resources.

    Impact

    This information is meant to be a general summary of Institute For Safe Medication Practices. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Institute for Safe Medication Practices has a significant impact on advancing patient safety worldwide by empowering the healthcare community to prevent medication errors. Through its various initiatives, ISMP collects and analyzes reports of medication-related hazardous conditions, disseminates timely medication safety information, educates healthcare professionals and consumers about safe medication practices, collaborates with other patient safety organizations, advocates for the adoption of safe medication standards, and conducts research to provide evidence-based safe medication practices. ISMP's publications, education programs, and memberships all contribute to its mission of reducing the occurrence of medication errors and improving patient safety in healthcare settings.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $1,743,510
  • Gross Receipts: $2,537,391

    • Assets and Liabilities:
  • Total Assets: $2,392,673
  • Total Liabilities: $754,199
  • Net Assets: $1,638,474
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TECHNICAL ASSISTANCE

    Revenue

    $996,362

    MEMBERSHIP, PUBLICATIO

    Revenue

    $747,148

    Organization Details

    Founding Year

    1994

    Principal Officer

    Rita Jew

    Main Address

    5200 BUTLER PIKE, PLYMOUTH MEETING, PA, 19462

    NTEE Category

    Code: E60 - Health

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