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Nonprofiteer
← THE INSTITUTE OF MEDICINE OF CHICAGO

Form 990 for tax year 2023

Filed by THE INSTITUTE OF MEDICINE OF CHICAGO.

Totals

Total revenue
$174,396
Total expenses
$291,442
Contributions and grants received
$106,328
Grants paid
$85,375
Program service revenue
$52,555
Investment income
$15,513
Other revenue
$0
Total assets, end of year
$528,254
Total liabilities, end of year
$18,417
Net assets or fund balances, end of year
$509,837
Program services expenses (Part IX)
$205,634
Management and general expenses
$79,212
Fundraising expenses
$6,596
Program service expenses (Part III)
$205,634

Program services were 70.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $25,043

  • 1f · All other contributions, gifts and grants

    $81,285

  • 2a · Program service revenue: MEETINGS & EVENTS

    total $50,055 · related or exempt $50,055

  • 2b · Program service revenue: PORTES MANAGEMENT FEE

    total $2,500 · related or exempt $2,500

  • 3 · Investment income

    total $9,822 · excluded $9,822

  • 7a · Gross sales of assets other than inventory

    other assets $5,691

  • 7c · Gain or loss

    other assets $5,691

  • 7d · Net gain or loss

    total $5,691 · excluded $5,691

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $85,375 · program services $85,375

  • 11a · Fees: management

    total $120,281 · program services $69,763 · management and general $44,504 · fundraising $6,014

  • 11g · Fees: other

    total $28,641 · program services $14,321 · management and general $14,320

  • 12 · Advertising and promotion

    total $4,717 · program services $4,717

  • 13 · Office expenses

    total $2,875 · program services $1,438 · management and general $1,437

  • 14 · Information technology

    total $5,469 · program services $2,461 · management and general $2,461 · fundraising $547

  • 16 · Occupancy

    total $6,298 · management and general $6,298

  • 19 · Conferences, conventions and meetings

    total $26,135 · program services $23,522 · management and general $2,613

  • 23 · Insurance

    total $2,576 · program services $1,288 · management and general $1,288

  • 24a · Other expenses: INVESTMENT/BANK FEES

    total $6,480 · program services $2,592 · management and general $3,888

  • 24b · Other expenses: MISCELLANEOUS

    total $2,246 · management and general $2,246

  • 24c · Other expenses: COMMUNICATIONS

    total $349 · program services $157 · management and general $157 · fundraising $35

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $135,848 · end of year $122,248

  • 3 · Pledges and grants receivable

    beginning of year $75,500 · end of year $500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,642 · end of year $9,328

  • 11 · Investments: publicly traded securities

    beginning of year $377,059 · end of year $396,178

  • 17 · Accounts payable and accrued expenses

    beginning of year $292 · end of year $1,342

  • 19 · Deferred revenue

    beginning of year $13,045 · end of year $17,075

  • 27 · Net assets without donor restrictions

    beginning of year $472,755 · end of year $443,632

  • 28 · Net assets with donor restrictions

    beginning of year $110,957 · end of year $66,205

Mission and programs · 2023

Mission

MISSION - THE INSTITUTE OF MEDICINE OF CHICAGO IS AN INDEPENDENT NON-PROFIT ORGANIZATION OF DISTINGUISHED LEADERS IN THE HEALTH FIELD WHO COLLABORATE TO IMPROVE THE HEALTH OF THE PUBLIC. DRAWING UPON THE EXPERTISE OF A DIVERSE MEMBERSHIP AND OTHER REGIONAL LEADERS, THE IOMC ADDRESSES CRITICAL HEALTH ISSUES THROUGH A RANGE OF INTERDISCIPLINARY APPROACHES INCLUDING EDUCATION, RESEARCH, COMMUNICATION OF TRUSTED INFORMATION, AND COMMUNITY ENGAGEMENT. WITH THE HEALTH OF THE PUBLIC AT ITS CORE, IOMC IS BUILDING NEW PROGRAMS AND SERVICES TO BETTER MEET THE NEEDS OF ITS MEMBERS AND THE CHICAGOLAND COMMUNITY, ITS COUNTIES AND THE STATE OF ILLINOIS. WWW.IOMC.ORG OUR MEMBERS ARE BILLINGS FELLOWS AND FELLOWS FROM THE METROPOLITAN CHICAGO AREA AND THE STATE OF ILLINOIS. THEY ARE ACADEMICS, PUBLIC HEALTH SPECIALISTS, PHYSICIANS, NURSES, PHARMACISTS, ADMINISTRATORS, COMMUNITY HEALTH SPECIALISTS, SOCIAL WORKERS, DENTISTS, EDUCATORS, LAWYERS AND COMMUNITY LEADERS. IOMC INDUCTED 18 NEW FELLOWS IN 2023.

Activities or mission (Part I)

THE INSTITUTE OF MEDICINE OF CHICAGO (IOMC) IS AN INDEPENDENT ORGANIZATION OF DISTINGUISHED LEADERS IN THE HEALTH FIELD WHO COLLABORATE TO IMPROVE THE HEALTH OF THE PUBLIC. DRAWING UPON THE EXPERTISE OF A DIVERSE MEMBERSHIP AND OTHER REGIONAL LEADERS, THE IOMC ADDRESSES CRITICAL HEALTH ISSUES THROUGH A RANGE OF INTERDISCIPLINARY APPROACHES INCLUDING EDUCATION, RESEARCH, COMMUNICATION OF TRUSTED INFORMATION, AND COMMUNITY ENGAGEMENT. WITH THE HEALTH OF THE PUBLIC AT ITS CORE, IOMC IS BUILDING NEW PROGRAMS AND SERVICES TO BETTER MEET THE NEEDS OF ITS MEMBERS AND THE CHICAGOLAND COMMUNITY. VISIT WWW.IOMC.ORG.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $205,634 · Grants $85,375

  • OTHER ACCOMPLISHMENTS INCLUDE: INCREASED MEMBERSHIP BY 9.22%. ASSESSED AND IMPROVED THE FINANCIAL PICTURE OF THE ORGANIZATION TO MEET ITS PRIORITIES NOW AND THE FUTURE. CONDUCTED POST-PROGRAM EVALUATIONS WITH ATTENDEES TO CONTINUE TO IMPROVE THE QUALITY OF THE PROGRAMS AND ADDRESS KEY AND CRITICAL ISSUES OF THE MEMBERSHIP, IMPACTING PUBLIC HEALTH, POPULATION HEALTH AND COMMUNITY HEALTH. ADDRESSED OTHER PROFESSIONALS IN DISCUSSION TO ADDRESS ADDITIONAL AREAS THAT SUGGEST SOCIAL AND SYSTEMIC CHANGE SUCH AS MENTAL HEALTH YOUTH CRISIS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Raul Garza MBA

    PRESIDENT/PA

    Total calculated
    $0
    Hours/week
    2

  • Lorenzo Pence Do

    PRES ELECT/P

    Total calculated
    $0
    Hours/week
    2

  • Janice Odiaga Dnp

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Clark Stanford PhD DDS Mha

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Courtney Avery MPH

    DIRECTOR/PRE

    Total calculated
    $0
    Hours/week
    2

  • Lisa Green Do

    DIRECTOR/VIC

    Total calculated
    $0
    Hours/week
    1

  • Patricia Merryweather-Arges Ma

    DIRECTOR/SEC

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Rucker-Whitaker Mdmphfacp

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Neli Vazquez-Rowland

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Howard Nochumson Ma

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anita Stewart MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Doriane Miller MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maurice Lemon MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Allen MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Archana Chatterjee MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter Orris MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melissa Simon MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fernando Demaio PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dawn Gay MBA-Hcm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kaleem Malik MD MPH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Beena Peters Dnp RN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202401809349300605

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