Overview
What is The Institute For Functional Medicine?
The Institute for Functional Medicine (IFM) is a nonprofit organization located in Federal Way, Washington. Their primary focus is to educate medical practitioners worldwide on the application of functional medicine principles to enhance patient outcomes. IFM offers comprehensive training programs, including annual international conferences, five-day courses, advance clinical training, and online courses. These educational opportunities equip clinicians with the knowledge and skills necessary to provide personalized care, addressing the unique interactions among genetic, environmental, and lifestyle factors that impact both health and complex chronic diseases. The IFM's mission is to ensure the widespread adoption of functional medicine as the standard of care, driven by innovative leadership and a commitment to quality. Currently, the organization employs 114 individuals.
Official website here: www.ifm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Institute For Functional Medicine has achieved an impressive 92% rating from Charity Navigator, indicating strong performance in both accountability and finance. The organization boasts a highly independent board with 90% of its members being independent, which contributes to sound governance practices. Additionally, it maintains a high program expense ratio of nearly 95%, reflecting a significant focus on its mission-driven activities.
While the organization has excelled in many areas, it is noted that it lacks a whistleblower policy, which could be a limitation in its governance framework. However, it has established solid financial oversight mechanisms, including a fully functioning audit and oversight committee. Furthermore, the absence of any material diversion of assets reinforces its integrity and commitment to transparency.
Overall, The Institute For Functional Medicine demonstrates strong financial health and accountability, making it a reliable choice for potential donors seeking impact in functional medicine. The organization’s governance structure and financial practices support its mission effectively, although addressing the highlighted policy gap could further strengthen its operational framework.
This AI summary has been generated from information found on Charity Navigator.
Is The Institute For Functional Medicine legitimate?
The Institute For Functional Medicine is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Institute For Functional Medicine 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: $1,637,831
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,386,949
For more financial information, click here
Official website here: www.ifm.org
What is the mission statement of The Institute For Functional Medicine?
The Institute For Functional Medicine is dedicated to the widespread adoption of functional medicine as the standard of care for individual health. This approach to healthcare focuses on the unique interactions between a person's genetic, environmental, and lifestyle factors that influence both health and complex chronic diseases. The organization provides comprehensive education and training to clinicians worldwide, offering them resources and tools for practice. Their innovative leadership model for personalized patient care and commitment to quality drive their success in serving the highest expression of individual health. Functional medicine is patient-centered and addresses the root causes of health issues, making it a promising alternative to traditional treatment methods.
Official website here: www.ifm.org
Who is the CEO of The Institute For Functional Medicine?
Amy Mack is the Chief Executive Officer of The Institute For Functional Medicine. The CEO's salary of The Institute For Functional Medicine is $261,652 and their total compensation is $261,652.
Official website here: www.ifm.org
What is the revenue of The Institute For Functional Medicine?
The Institute For Functional Medicine's revenue in 2022 was $14,197,478.
Official website here: www.ifm.org
Who are the executives of The Institute For Functional Medicine and what are their salaries?
The average compensation at The Institute For Functional Medicine during 2022 was $79,165. There are 114 employees at The Institute For Functional Medicine.
Here are 17 key members and their salaries (The Institute For Functional Medicine's CEO's salary is $261,652 and their total compensation is $261,652):
- Compensation: $261,652
- Related: $0
- Other: $0
- Compensation: $200,717
- Related: $0
- Other: $0
- Compensation: $191,474
- Related: $0
- Other: $0
- Compensation: $179,533
- Related: $0
- Other: $0
- Compensation: $176,006
- Related: $0
- Other: $0
- Compensation: $171,378
- Related: $0
- Other: $0
- Compensation: $166,835
- Related: $0
- Other: $0
- Compensation: $160,968
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ifm.org
Where can I find the form 990 for The Institute For Functional Medicine?
The Institute For Functional Medicine's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ifm.org
Learn more at the official website: www.ifm.org
Mission Statement of The Institute For Functional Medicine
The Institute for Functional Medicine (IFM) is a pioneering organization with a mission to promote widespread adoption of functional medicine as the standard of care for individual health. By offering comprehensive education and training to clinicians worldwide, IFM empowers them with the necessary resources and tools to effectively practice this patient-centered approach.
Functional medicine addresses the intricate interplay between genetic, environmental, and lifestyle factors that significantly impact both health and complex chronic diseases. The Institute's innovative leadership model emphasizes personalized patient care and a commitment to delivering quality services, driving their success.
At the core of IFM's mission lies the belief that the highest expression of individual health can be achieved by embracing functional medicine. This patient-centric approach to healthcare recognizes the unique needs of each person and aims to provide them with the most effective care possible. By promoting the widespread adoption of this philosophy, IFM is trailblazing a new standard for healthcare that prioritizes the well-being of each individual.
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Impact
October, 2024
The Institute For Functional Medicine (IFM) significantly influences healthcare by providing comprehensive education and training in functional medicine to clinicians worldwide. It aims to ensure that functional medicine principles are widely adopted, enhancing patient outcomes through a patient-centered approach that considers the complex interactions of genetic, environmental, and lifestyle factors.
IFM offers a variety of educational programs, including an annual international conference, a five-day course on the application of functional medicine in clinical practice, and several advanced training courses. These programs utilize a blend of lectures, small group case studies, and online resources, ensuring that medical practitioners are well-equipped to implement functional medicine in their practices.
Through its rigorous certification process, IFM supports licensed clinicians in achieving mastery of functional medicine, thus fostering a community of practitioners committed to improving patient health. The organization’s focus on innovative leadership and commitment to quality care positions functional medicine as a standard of care, ultimately contributing to better health outcomes for patients dealing with complex chronic diseases.
This information is meant to be a general summary of The Institute For Functional Medicine. 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: $347,931
- Program Service Revenue: $11,401,334
- Gross Receipts: $14,197,478
Assets and Liabilities:
- Total Assets: $12,007,573
- Total Liabilities: $3,021,607
- Net Assets: $8,985,966
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Continuing Education
Revenue
$10,134,145
Publications
Revenue
$14,653
License Education Materials
Revenue
$1,252,536
Organization Details
Founding Year
2001
Phone
(253) 661-3020Principal Officer
Amy Mack
Main Address
505 S 336th Street Suite 600, Federal Way, WA, 98003
Website
www.ifm.orgNTEE Category
Code: B03 - Education
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