Overview
What is Institute Of Medicine Of Chicago?
The Institute of Medicine of Chicago (IOMC) is a distinguished nonprofit organization situated in Chicago, Illinois, comprising esteemed health professionals. Their mission is to enhance public health by collaboratively addressing critical health issues through various interdisciplinary approaches such as education, research, dissemination of trusted information, and community engagement. IOMC is dedicated to improving the health of the public and building new programs to better serve the needs of its members and the Chicagoland community. In 2022, IOMC conducted a series of webinars addressing key social determinants of health, aiming to reduce healthcare disparities, and 90% of these programs were accredited for continuing medical education (CME) and continuing education units (CEUs). They also awarded three research grants and launched a new workgroup focused on maternal health and child issues in underserved communities. IOMC also honored four individuals for their outstanding contributions to healthcare and public health excellence. Their initiatives also include the ACHIEVE program, a career mentoring and networking program for Black and Latino male medical and dental students in the Chicago area.
Official website here: www.iomc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Institute of Medicine of Chicago has achieved a remarkable 97% rating from Charity Navigator, reflecting exceptional standards in accountability and finance. This rating is significant as it indicates the organization is effectively managing its resources and is highly transparent in its operations. The charity’s score is based entirely on its accountability metrics, which showcases a strong commitment to ethical practices and responsible financial management.
One of the key strengths of the Institute of Medicine of Chicago is its governance structure, with 100% of its board members being independent, which ensures unbiased decision-making. The organization also maintains a robust conflict of interest policy and has no reported material diversion of assets. Additionally, their fiscal health is solid, evidenced by a low liabilities-to-assets ratio of just 3.48% and a commendable program expense ratio of nearly 70%.
While the nonprofit demonstrates strong financial stewardship and accountability, the rating does not indicate any specific programs or initiatives that may define its impact in the community. However, the overall high scores across various accountability metrics suggest that it is well-equipped to fulfill its mission effectively and transparently.
This AI summary has been generated from information found on Charity Navigator.
Is Institute Of Medicine Of Chicago legitimate?
Institute Of Medicine Of Chicago is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute Of Medicine Of Chicago 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.
Heare are some key statistics you may want to consider:
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Official website here: www.iomc.org
What is the mission statement of Institute Of Medicine Of Chicago?
The Institute of Medicine of Chicago (IOMC) is an independent organization composed of distinguished leaders in the health field. Their mission is to improve public health by collaborating on critical health issues through various approaches, such as education, research, communication of trustworthy information, and community engagement. With a focus on the public's health, IOMC is developing new programs and services to better cater to the needs of its members and the wider community. The organization draws upon the expertise of its diverse membership and other regional leaders. The IOMC inducts new fellows annually, who are experts in various fields, including academia, public health, medicine, nursing, pharmacy, administration, community health, social work, dentistry, education, law, and community leadership.
Official website here: www.iomc.org
Who is the CEO of Institute Of Medicine Of Chicago?
Lorenzo Pence Do is the President of Institute Of Medicine Of Chicago.
Official website here: www.iomc.org
What is the revenue of Institute Of Medicine Of Chicago?
Institute Of Medicine Of Chicago's revenue in 2022 was $148,580.
Official website here: www.iomc.org
Who are the executives of Institute Of Medicine Of Chicago and what are their salaries?
There 35 volunteers at Institute Of Medicine Of Chicago.
Here are 19 key members and their salaries:
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Official website here: www.iomc.org
Where can I find the form 990 for Institute Of Medicine Of Chicago?
Institute Of Medicine Of Chicago's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iomc.org
Learn more at the official website: www.iomc.org
Mission Statement of Institute Of Medicine Of Chicago
The Institute of Medicine of Chicago, an independent non-profit organization, is made up of distinguished leaders in the health field who collaborate to improve public health. By drawing upon the expertise of a diverse membership and other regional leaders, the Institute 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, the Institute is constantly building new programs and services to better meet the needs of its members and the Chicagoland community.
The mission of the Institute of Medicine of Chicago is to improve public health through collaboration and the application of various interdisciplinary approaches. This non-profit organization brings together leaders in academia, public health, medicine, nursing, pharmacy, administration, community health, social work, dentistry, education, law, and community leadership to tackle pressing health issues. By addressing these issues through education, research, information dissemination, and community engagement, the Institute aims to have a significant impact on public health. It is constantly evolving and expanding its programs and services to better meet the needs of its members and the community it serves.
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Impact
October, 2024
The Institute of Medicine of Chicago (IOMC) plays a significant role in enhancing public health through a collaborative approach among distinguished leaders in the healthcare field. By leveraging the diverse expertise of its members and regional leaders, IOMC tackles critical health issues via education, research, trusted information dissemination, and community engagement.
In 2022, IOMC conducted a series of webinars focused on advancing health equity by addressing healthcare disparities, attracting wide participation and offering Continuing Medical Education (CME) and Continuing Education Units (CEUs) accredited by Rush University. Topics covered ranged from patient safety to environmental justice, effectively engaging the community and fostering awareness around vital healthcare topics.
Through its partnership with the Portes Foundation, IOMC awarded research grants for impactful studies, such as youth mental health perspectives and ovarian cancer, demonstrating a commitment to funding meaningful research that addresses pressing health concerns.
The launch of the Maternal Health and Child workgroup in 2022 exemplifies IOMC's proactive stance in advocating for systemic change in maternal care, especially in underserved areas of Chicago, aiming to improve access to healthcare for vulnerable populations.
Additionally, the ACHIEVE program was established to support Black and Latino male medical and dental students, providing mentorship and networking opportunities to help combat declining graduation rates in these demographics.
By recognizing outstanding contributions in healthcare through its annual awards, IOMC celebrates innovations and humanitarian efforts that enhance community health. Overall, IOMC's multifaceted approach contributes to significant advancements in health equity, education, research, and community health initiatives within the Chicago area.
This information is meant to be a general summary of Institute Of Medicine Of Chicago. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $22,640
- Program Service Revenue: $2,500
- Gross Receipts: $148,580
Assets and Liabilities:
- Total Assets: $597,049
- Total Liabilities: $13,337
- Net Assets: $583,712
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PORTES MANAGEMENT FEE
Revenue
$2,500
Organization Details
Founding Year
1915
Phone
(312) 709-2685Principal Officer
Lorenzo Pence Do
Main Address
PO BOX 11793, CHICAGO, IL, 60611
Website
www.iomc.orgNTEE Category
Code: B05 - Education
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