Overview
What is Institute For Medical Research Inc?
Institute for Medical Research Inc, situated in Durham, North Carolina, serves as a nonprofit organization primarily committed to supporting research and education within the Durham Veterans Affairs Health Care System. Their mission is geared towards enhancing the health and lives of veterans, their families, and the public at large. They have made significant contributions to this cause by supporting a medical training and education program for the VA Pharmacogenomics Action for Cancer Survivorship (PHASER). This program expanded access to pharmacogenomic (PGX) testing to an additional 10,000 veterans across 25 VA health care systems nationwide. Furthermore, they engaged in PGX education with approximately 1,000 new VA providers and hosted monthly PGX learning sessions. They also released a PGX newsletter to over 1,700 clinicians and secured commitments from another 27 VA hospitals to implement the PHASER PGX testing program. Additionally, they built and released automated clinical decision support tools for drug-gene alerts, aiming to support the health of veterans further. As of now, they are preparing to release a testing panel expansion from 11 to 15 genes by the end of the year. With a workforce of 90 individuals, Institute for Medical Research Inc continues to strive towards improving healthcare for veterans and the wider community.
Official website here: www.imr.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 88% (Three-Star out of Four Stars)**tar)**
The Institute For Medical Research Inc has received an 88% rating from Charity Navigator, demonstrating a solid level of accountability and financial performance. The rating is derived solely from the accountability and finance beacon, which underscores the organization's emphasis on financial oversight. Over the years, historical ratings have shifted focus, now prioritizing current accountability metrics without considering leadership or impact.
Strengths highlighted in the rating include strong financial practices, such as a high program expense ratio of 87.05%, indicating efficient allocation of resources towards its mission. Furthermore, the organization adheres to numerous policies promoting transparency and governance, including a whistleblower policy and thorough oversight through its Audit and Oversight Committee.
Despite its strengths, it's noted that the board of directors lacks a more independent structure, with only 42% of members being independent. This factor could influence the organization's overall governance and decision-making dynamics as it moves forward. However, no user reviews are available to provide additional insights on community perspectives or experiences.
This AI summary has been generated from information found on Charity Navigator.
Is Institute For Medical Research Inc legitimate?
Institute For Medical Research Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For Medical Research 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: $115,761
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,258,135
For more financial information, click here
Official website here: www.imr.org
What is the mission statement of Institute For Medical Research Inc?
The Institute for Medical Research Inc's primary purpose is to support research and education within the healthcare system of the Veterans Affairs, aiming to enhance the health and lives of veterans, their families, and the public at large. The institution has been instrumental in advancing medical training and education, expanding access to pharmacogenomic testing to over 10,000 veterans across various VA healthcare systems nationwide. They have also engaged in pharmacogenomic education with approximately 1,000 new VA providers and hosted regular PGX learning sessions. Furthermore, they have developed automated clinical decision support tools for drug-gene alerts and are preparing for a panel expansion of genes used in testing.
Official website here: www.imr.org
Who is the CEO of Institute For Medical Research Inc?
David Edelman Md is the Secretary/Tr of Institute For Medical Research Inc.
Official website here: www.imr.org
What is the revenue of Institute For Medical Research Inc?
Institute For Medical Research Inc's revenue in 2022 was $7,876,347.
Official website here: www.imr.org
Who are the executives of Institute For Medical Research Inc and what are their salaries?
The average compensation at Institute For Medical Research Inc during 2022 was $48,599. There are 90 employees and 2 volunteers at Institute For Medical Research Inc.
Here are 17 key members and their salaries:
- Compensation: $0
- Related: $391,935
- Other: $0
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- Related: $337,189
- Other: $0
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- Related: $267,570
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- Related: $213,300
- Other: $0
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- Related: $209,300
- Other: $0
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- Related: $195,500
- Other: $0
- Compensation: $0
- Related: $172,500
- Other: $0
- Compensation: $133,922
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- Related: $124,463
- Other: $0
- Compensation: $36,257
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- Compensation: $12,400
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- Other: $0
- Compensation: $9,000
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- Other: $0
- Compensation: $5,600
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- Other: $0
- Compensation: $0
- Related: $3,435
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.imr.org
Where can I find the form 990 for Institute For Medical Research Inc?
Institute For Medical Research Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.imr.org
Learn more at the official website: www.imr.org
Mission Statement of Institute For Medical Research Inc
The Institute for Medical Research Inc is dedicated to supporting research and education within the Veterans Affairs Health Care System. Its primary purpose is to enhance the health and wellbeing of veterans, their families, and the public at large. The organization achieves this mission by providing educational and training programs, such as the VA Pharmacogenomics Action for Cancer Survivorship (PHASER). Through this program, the Institute expanded access to pharmacogenomic testing to over 10,000 veterans across 25 VA Health Care Systems nationwide. Moreover, they engaged in pharmacogenomic education with approximately 1,000 new VA providers and hosted monthly PGX learning sessions.
The Institute has also demonstrated a commitment to spreading pharmacogenomic knowledge further. They secured commitments from another 27 VA hospitals to implement the PHASer PGX testing program. Additionally, they developed and released nationally automated clinical decision support tools for drug-gene alerts for various medications. By the end of the calendar year, they intended to expand the testing panel from 11 to 15 genes. This continuous effort to advance pharmacogenomic research and education reflects the Institute for Medical Research Inc's mission to improve healthcare outcomes for veterans and the broader community.
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Impact
July, 2024
Institute For Medical Research Inc's impact is significant in advancing medical research and education within the Durham Veterans Affairs Health Care System. They have supported a medical training and education program, specifically the VA Pharmacogenomics Action for Cancer Survivorship (PHASER), which has expanded access to pharmacogenomic (PGX) testing for thousands of veterans across 25 VA health care systems nationwide. Additionally, they have engaged in pharmacogenomic education for VA providers, hosted learning sessions, and released newsletters to clinicians, all aimed at improving patient care through personalized medicine.
Moreover, Institute For Medical Research Inc has secured commitments from 27 VA hospitals to implement the PHASER PGX testing program and developed nationally automated clinical decision support tools for drug-gene alerts. They are also preparing for a testing panel expansion from 11 to 15 genes, showcasing their commitment to further improving precision medicine practices for veterans and the public at large. Through their efforts, they are making a tangible impact on enhancing the health and lives of veterans and their families.
This information is meant to be a general summary of Institute For Medical Research 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 2022.
- Investment Income: $9,819
- Program Service Revenue: $7,856,185
- Gross Receipts: $7,876,347
Assets and Liabilities:
- Total Assets: $5,835,101
- Total Liabilities: $2,384,414
- Net Assets: $3,450,687
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NONFEDERAL GRANTS & CONTRACTS
Revenue
$5,921,429
FEDERAL GRANTS & CONTRACTS
Revenue
$1,508,267
PERSONNEL AGREEMENTS
Revenue
$426,489
Organization Details
Founding Year
1989
Phone
(984) 250-7010Principal Officer
David Edelman Md
Main Address
508 FULTON STREET 151/IMR, DURHAM, NC, 27705
Website
www.imr.orgNTEE Category
Code: H30 - Medical research
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