Overview
What is Certified Medical Representatives Institute Inc?
Certified Medical Representatives Institute Inc, established in 1966, is a nonprofit organization based in Roanoke, Virginia. Their primary mission is to enhance healthcare through continuing education for professionals in the industry. Founded by physicians, CMR Institute aims to improve patient care by increasing therapeutic knowledge, facilitating effective clinician interactions, and enhancing business expertise. The institute provides unbiased, current, and applicable information, thereby increasing the knowledge, skills, and understanding of healthcare issues. Their distinguished faculty, comprising healthcare professionals and leading subject matter experts from prestigious universities and academic medical centers, help develop and maintain an up-to-date curriculum relevant to today's healthcare challenges. With a team of experienced instructional designers and writers, CMR Institute employs solid instructional design strategies to maximize the adult learning experience. The organization serves the professional development needs of life science professionals by offering innovative learning strategies and resources to advance knowledge and enhance healthcare.
Official website here: www.cmrinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
The Certified Medical Representatives Institute Inc has earned a Three-Star rating from Charity Navigator, indicating a respectable level of accountability and finance management. The overall score is derived entirely from the Accountability & Finance beacon, reflecting a strong commitment to transparency and governance. Key highlights include an independent board comprised of 91% members and robust financial oversight mechanisms.
The organization showcases significant strengths, such as having no reported material diversion of assets and a strong liabilities-to-assets ratio of 5.38%. Additionally, it adheres to several sound policies, including conflict of interest and whistleblower protections, which further enhances its credibility. The presence of documented board meeting minutes adds another layer of accountability.
However, the program expense ratio of 60.65% suggests that while the organization is effective in managing its finances, there may be room for improvement in terms of allocating resources directly towards its programs. Overall, Certified Medical Representatives Institute Inc demonstrates a solid foundation in organizational governance, though there is potential for a more impactful investment in its core services.
This AI summary has been generated from information found on Charity Navigator.
Is Certified Medical Representatives Institute Inc legitimate?
Certified Medical Representatives Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Certified Medical Representatives Institute Inc 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:
Executive Compensation: $430,807
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,034,409
For more financial information, click here
Official website here: www.cmrinstitute.org
What is the mission statement of Certified Medical Representatives Institute Inc?
The Certified Medical Representatives Institute Inc is committed to serving the professional development needs of life science professionals. They achieve this by providing innovative learning strategies and resources, aiming to advance knowledge and enhance healthcare. The organization's primary objective is to offer continuing education to professionals in the healthcare industry, with the intention of improving patient care. Established by physicians in 1966, CMR Institute is an independent, not-for-profit healthcare educational provider that focuses on increasing therapeutic knowledge through scientific education, facilitating effective clinician interactions, and enhancing business expertise to understand industry challenges. The institute's mission is to deliver unbiased, current, and applicable information, increasing the knowledge, skills, and understanding of the issues affecting healthcare today. CMR Institute's faculty comprises distinguished healthcare professionals and leading subject matter experts from prestigious universities and academic medical centers, who work to develop and maintain an up-to-date curriculum relevant to today's healthcare challenges.
Official website here: www.cmrinstitute.org
Who is the CEO of Certified Medical Representatives Institute Inc?
Michelle O'Connor is the CEO of Certified Medical Representatives Institute Inc The CEO's salary of Certified Medical Representatives Institute Inc is $283,828 and their total compensation is $298,055.
Official website here: www.cmrinstitute.org
What is the revenue of Certified Medical Representatives Institute Inc?
Certified Medical Representatives Institute Inc's revenue in 2024 was $2,720,652.
Official website here: www.cmrinstitute.org
Who are the executives of Certified Medical Representatives Institute Inc and what are their salaries?
The average compensation at Certified Medical Representatives Institute Inc during 2024 was $69,772. There are 21 employees at Certified Medical Representatives Institute Inc.
Here are 15 key members and their salaries (Certified Medical Representatives Institute Inc's CEO's salary is $283,828 and their total compensation is $298,055):
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $1,750
- Related: $0
- Other: $0
- Compensation: $6,500
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $1,250
- Related: $0
- Other: $0
- Compensation: $1,250
- Related: $0
- Other: $0
- Compensation: $1,750
- Related: $0
- Other: $0
- Compensation: $1,750
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $1,750
- Related: $0
- Other: $0
- Compensation: $283,828
- Related: $0
- Other: $14,227
- Compensation: $119,430
- Related: $0
- Other: $11,105
- Compensation: $65,998
- Related: $0
- Other: $5,352
- Compensation: $160,719
- Related: $0
- Other: $11,889
Official website here: www.cmrinstitute.org
Where can I find the form 990 for Certified Medical Representatives Institute Inc?
Certified Medical Representatives Institute Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cmrinstitute.org
Learn more at the official website: www.cmrinstitute.org
Mission Statement of Certified Medical Representatives Institute Inc
Certified Medical Representatives Institute Inc, a not-for-profit healthcare educational provider founded by physicians in 1966, is committed to serving the professional development needs of life science professionals. The organization's primary objective is to enhance healthcare by providing innovative learning strategies and resources, aimed at advancing knowledge and improving patient care. Their mission is to deliver unbiased, current, and applicable information, thereby increasing the knowledge, skills, and understanding of the challenges facing healthcare today.
To achieve this, CMR Institute leverages a distinguished faculty of healthcare professionals and leading subject matter experts from prestigious universities and academic medical centers across the country. These experts contribute to developing and maintaining an up-to-date curriculum that is relevant to today's healthcare challenges. Furthermore, the organization utilizes a team of experienced instructional designers and writers who apply solid instructional design strategies to maximize the adult learning experience, ensuring course effectiveness.
In summary, Certified Medical Representatives Institute Inc is dedicated to fostering the professional growth of life science professionals by offering cutting-edge learning resources and strategies. Their ultimate goal is to improve patient care through advanced knowledge and enhanced healthcare practices.
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Impact
July, 2024
Certified Medical Representatives Institute Inc has a significant impact on the professional development of life science professionals by providing innovative learning strategies and resources to advance knowledge and enhance healthcare. The organization's mission to provide unbiased, current, and applicable information while increasing knowledge, skills, and understanding of healthcare issues contributes to the improvement of patient care. Through its distinguished faculty and up-to-date curriculum, Certified Medical Representatives Institute Inc plays a crucial role in enhancing the interactions between healthcare professionals and improving patient outcomes.
This information is meant to be a general summary of Certified Medical Representatives Institute Inc. 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 2024.
- Investment Income: $58,392
- Program Service Revenue: $2,510,565
- Gross Receipts: $2,720,652
Assets and Liabilities:
- Total Assets: $3,688,645
- Total Liabilities: $198,676
- Net Assets: $3,489,969
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSCRIPTIONS
Revenue
$2,061,323
MANAGEMENT FEES
Revenue
$157,950
CUSTOM LEARNING PROGRA
Revenue
$146,955
EDUCATIONAL PRODUCTS
Revenue
$144,337
Organization Details
Founding Year
1966
Principal Officer
Sharon Lustig
Website
www.cmrinstitute.orgNTEE Category
Code: E02 - Health
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