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← INSTITUTE FOR SAFE MEDICATION PRACTICES

Form 990 for tax year 2022

Filed by INSTITUTE FOR SAFE MEDICATION PRACTICES.

Totals

Total revenue
$2,506,078
Total expenses
$2,908,543
Contributions and grants received
$793,881
Grants paid
$0
Program service revenue
$1,743,510
Investment income
$0
Other revenue
-$31,313
Total assets, end of year
$2,392,673
Total liabilities, end of year
$754,199
Net assets or fund balances, end of year
$1,638,474
Program services expenses (Part IX)
$1,929,287
Management and general expenses
$979,256
Fundraising expenses
$0
Program service expenses (Part III)
$1,929,287

Program services were 66.3% 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.

  • 1c · Fundraising events

    $121,373

  • 1f · All other contributions, gifts and grants

    $672,508

  • 2a · Program service revenue: TECHNICAL ASSISTANCE

    total $996,362 · related or exempt $996,362

  • 2b · Program service revenue: MEMBERSHIP, PUBLICATIO

    total $747,148 · related or exempt $747,148

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $121,373

  • 8b · Fundraising events: direct expenses

    $31,313

  • 8c · Net income from fundraising events

    total -$31,313 · excluded -$31,313

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $608,436 · program services $330,337 · management and general $278,099

  • 7 · Other salaries and wages

    total $1,284,685 · program services $995,883 · management and general $288,802

  • 8 · Pension plan contributions

    total $79,964 · program services $51,853 · management and general $28,111

  • 9 · Other employee benefits

    total $101,247 · program services $65,654 · management and general $35,593

  • 10 · Payroll taxes

    total $146,516 · program services $95,010 · management and general $51,506

  • 11b · Fees: legal

    total $7,235 · management and general $7,235

  • 11c · Fees: accounting

    total $12,600 · management and general $12,600

  • 11g · Fees: other

    total $143,744 · program services $98,401 · management and general $45,343

  • 12 · Advertising and promotion

    total $56,292 · management and general $56,292

  • 14 · Information technology

    total $58,028 · management and general $58,028

  • 16 · Occupancy

    total $16,029 · management and general $16,029

  • 17 · Travel

    total $58,454 · program services $6,967 · management and general $51,487

  • 19 · Conferences, conventions and meetings

    total $46,565 · program services $31,564 · management and general $15,001

  • 22 · Depreciation, depletion and amortization

    total $48,119 · program services $31,203 · management and general $16,916

  • 23 · Insurance

    total $16,028 · program services $10,393 · management and general $5,635

  • 24a · Other expenses: PROJECT COST

    total $200,172 · program services $200,172

  • 24b · Other expenses: ADMINISTRATIVE FEES

    total $10,056 · management and general $10,056

  • 24c · Other expenses: POSTAGE AND SHIPPING

    total $2,634 · program services $1,984 · management and general $650

  • 24d · Other expenses: CMMUNICATION

    total $934 · management and general $934

  • 24e · All other expenses

    total $10,805 · program services $9,866 · management and general $939

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,395,433 · end of year $1,072,609

  • 4 · Accounts receivable

    beginning of year $679,993 · end of year $537,020

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,896 · end of year $4,860

  • 10a · Land, buildings and equipment: cost or other basis

    $309,009

  • 10b · Land, buildings and equipment: accumulated depreciation

    $289,190

  • 10c · Land, buildings and equipment, net

    beginning of year $32,578 · end of year $19,819

  • 14 · Intangible assets

    beginning of year $459,671 · end of year $424,312

  • 15 · Other assets

    beginning of year $192,050 · end of year $334,053

  • 17 · Accounts payable and accrued expenses

    beginning of year $252,455 · end of year $152,140

  • 19 · Deferred revenue

    beginning of year $428,288 · end of year $573,141

  • 25 · Other liabilities

    beginning of year $42,939 · end of year $28,918

  • 27 · Net assets without donor restrictions

    beginning of year $1,660,139 · end of year $1,401,174

  • 28 · Net assets with donor restrictions

    beginning of year $380,800 · end of year $237,300

Mission and programs · 2022

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

Activities or mission (Part I)

THE ORGANIZATION'S MISSION IS TO ADVANCE PATIENT SAFETY WORLDWIDE BY EMPOWERING THE HEALTHCARE COMMUNITY TO PREVENT MEDICATION ERRORS.

  • PUBLICATIONS AND EDUCATION: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, 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, PROVIDES INDIVIDUALS WITH ADVICE FROM LEADING SAFETY EXPERTS AND INFORMATION AND GUIDELINES ON SAFE MEDICATION USE.PUBLICATIONS: ISMP PRODUCES FIVE ELECTRONIC NEWSLETTERS THAT COLLECTIVELY REACH MILLIONS OF 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 US 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 BIMONTHLY 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, ALSO 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.MEMBERSHIPS: ISMP OFFERS A MEDICATION SAFETY MEMBERSHIP AND A SPECIALTY PHARMACY MEDICATION SAFETY MEMBERSHIP THAT AIM TO HELP REDUCE THE OCCURRENCE OF MEDICATION ERRORS WITH EVIDENCE-BASED BEST PRACTICES. THE MEMBERSHIP PROVIDES ACTIONABLE GUIDANCE AND PRACTICAL STRATEGIES FOR HEALTHCARE PROFESSIONALS INVOLVED IN MANAGING RISK THROUGHOUT THE ENTIRE MEDICATION-USE PROCESS.

    Expenses $738,968 · Revenue $747,148

  • TECHNICAL ASSISTANCE PROGRAMS:CONSULTS: 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. IN ADDITION, ISMP CONSULTANTS PROVIDE SIMILAR ASSESSMENT AND SUPPORT TO OUTPATIENT PHARMACIES NATIONWIDE. 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.ERROR REPORTING AND ANALYSIS: THE VOLUNTARY ISMP NATIONAL MEDICATION ERRORS REPORTING PROGRAM (ISMP MERP) WAS STARTED IN ORDER TO LEARN ABOUT ERRORS HAPPENING ACROSS THE NATION, UNDERSTAND CAUSES, AND SHARE "LESSONS LEARNED" WITH THE HEALTHCARE COMMUNITY. EACH YEAR, THE PROGRAM RECEIVES A FEW THOUSAND REPORTS FROM HEALTHCARE PRACTITIONERS, AND THAT INFORMATION IS USED TO BRING ABOUT LARGE-SCALE CHANGES IN MEDICATION SAFETY. NATIONAL ALERT NETWORK (NAN) ALERTS BASED ON INFORMATION SUBMITTED TO THE PROGRAM WARN PROVIDERS OF RISK FOR ERRORS THAT HAVE CAUSED SERIOUS HARM OR DEATH. ISMP ALSO 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). 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 MOST RECENTLY ISSUED THE 2022-2023 TARGETED MEDICATION SAFETY BEST PRACTICES FOR HOSPITALS TO IDENTIFY, INSPIRE, AND MOBILIZE NATIONAL ACTION ON RECURRING SAFETY PROBLEMS. ISMP ALSO HAS CONDUCTED NATIONAL MEDICATION SAFETY SELF-ASSESSMENTS FOR ACUTE CARE HOSPITALS IN 2000, 2004, AND 2011, A SELF-ASSESSMENT FOR HIGH-ALERT MEDICATIONS IN 2018 AND A SELF-ASSESSMENT FOR PERIOPERATIVE MEDICATION SAFETY IN 2021. TOPICS THAT OTHER ISMP SELF-ASSESSMENTS HAVE ADDRESSED INCLUDE ONCOLOGY, COMMUNITY/AMBULATORY PHARMACY, AND ANTITHROMBOTIC THERAPY.

    Expenses $1,190,319 · Revenue $996,362

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Marcus Schabacker

    DIRECTOR - CHAIR

    Total calculated
    $1,046,311
    From this org
    $0
    From related orgs
    $994,872
    Other
    $51,439
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $786,270 related
    Bonus
    $0 + $203,700 related
    Other
    $0 + $4,902 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $39,239 related
    Filer's total
    $0 + $1,046,311 related
  • Dheerendra Kommala

    DIRECTOR

    Total calculated
    $788,812
    From this org
    $0
    From related orgs
    $763,603
    Other
    $25,209
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $440,368 related
    Bonus
    $0 + $320,613 related
    Other
    $0 + $2,622 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $13,009 related
    Filer's total
    $0 + $788,812 related
  • Peter Catalano

    DIRECTOR - TREASURER

    Total calculated
    $616,527
    From this org
    $0
    From related orgs
    $569,934
    Other
    $46,593
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $343,039 related
    Bonus
    $0 + $222,633 related
    Other
    $0 + $4,262 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $34,393 related
    Filer's total
    $0 + $616,527 related
  • Janice Dunsavage

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Randal White

    SECRETARY

    Total calculated
    $419,020
    From this org
    $0
    From related orgs
    $372,140
    Other
    $46,880
    Hours/week
    2 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $285,883 related
    Bonus
    $0 + $86,257 related
    Other
    $0
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $34,680 related
    Filer's total
    $0 + $419,020 related
  • Rita Jew

    PRESIDENT

    Total calculated
    $290,176
    From this org
    $278,099
    From related orgs
    $0
    Other
    $12,077
    Hours/week
    43 + 2 related

    Schedule J breakdown matched by us

    Base
    $252,640
    Bonus
    $22,500
    Other
    $2,959
    Deferred
    $11,010
    Nontaxable benefits
    $1,067
    Filer's total
    $290,176
  • Susan Paparella

    VP, SERVICES

    Total calculated
    $186,468
    From this org
    $178,749
    From related orgs
    $0
    Other
    $7,719
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $174,299
    Bonus
    $4,450
    Other
    $0
    Deferred
    $7,033
    Nontaxable benefits
    $686
    Filer's total
    $186,468
  • Michael Cohen

    PRESIDENT EMERITUS

    Total calculated
    $157,651
    From this org
    $151,588
    From related orgs
    $0
    Other
    $6,063
    Hours/week
    16

    Schedule J breakdown matched by us

    Base
    $113,200
    Bonus
    $38,388
    Other
    $0
    Deferred
    $6,063
    Nontaxable benefits
    $0
    Filer's total
    $157,651
  • Christina Michalek

    DIRECTOR, MEMBERSHIP AND PSO

    Total calculated
    $175,069
    From this org
    $174,394
    From related orgs
    $0
    Other
    $675
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $168,073
    Bonus
    $4,450
    Other
    $1,871
    Deferred
    $0
    Nontaxable benefits
    $675
    Filer's total
    $175,069
  • Michelle Mandrack

    DIRECTOR, CONSULTING

    Total calculated
    $172,790
    From this org
    $154,488
    From related orgs
    $0
    Other
    $18,302
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $151,825
    Bonus
    $0
    Other
    $2,663
    Deferred
    $6,201
    Nontaxable benefits
    $12,101
    Filer's total
    $172,790
  • Michael Gaunt

    SR MGR, ERROR REPORTING

    Total calculated
    $145,639
    From this org
    $139,534
    From related orgs
    $0
    Other
    $6,105
    Hours/week
    42
  • Matthew Grissinger

    DIRECTOR, EDUCATION

    Total calculated
    $143,989
    From this org
    $138,147
    From related orgs
    $0
    Other
    $5,842
    Hours/week
    40
  • Rebecca Lamis

    MGR, MED SAFETY BOARD

    Total calculated
    $132,585
    From this org
    $116,508
    From related orgs
    $0
    Other
    $16,077
    Hours/week
    40
  • Ann Shastay

    SR MGR, PUBLICATIONS

    Total calculated
    $124,702
    From this org
    $119,468
    From related orgs
    $0
    Other
    $5,234
    Hours/week
    45
  • Shannon Bertagnoli

    MED SAFETY SPEC, PUB. (AS OF 3/7/22)

    Total calculated
    $119,010
    From this org
    $112,590
    From related orgs
    $0
    Other
    $6,420
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MEDICATION SAFETY OFFICERS SOCIETY LLC

    EDUCATION · PA · income $0 · assets $0

    Directly controlled by INSTITUTE FOR SAFE MEDICATION PRACTICES

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CENTER FOR ACCESSIBLE TRANSPORTATION AND ASSISTIVE TECHNOLOGY

    C · INACTIVE · PA

    Directly controlled by EMERGENCY CARE RESEARCH INSTITUTE

  • ECRI BHD

    C · IMPROVE HEALTHCARE · MY

    Directly controlled by EMERGENCY CARE RESEARCH INSTITUTE

  • ECRI INC

    C · INACTIVE · PA

    Directly controlled by EMERGENCY CARE RESEARCH INSTITUTE

  • ECRI MEA INC

    C · ACTIVE · PA

    Directly controlled by EMERGENCY CARE RESEARCH INSTITUTE

  • NATIONAL SAFETY TECHNOLOGIES

    C · INACTIVE · PA

    Directly controlled by EMERGENCY CARE RESEARCH INSTITUTE

  • MED SAFETY BOARD INC

    C · PRODUCT EVALUATION OF PHARMACEUTICALS · PA · 100% owned · share of income $227,817 · share of assets $299,772

    Directly controlled by INSTITUTE FOR SAFE MEDICATION PRACTICES

Provenance

Return type
form_990
Tax year
2022
Filed
10 October 2023
IRS schema version
2022v5.0
Source object
202332929349301513

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