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Institute of Medicine of Chicago

Institute of Medicine of Chicago

Chicago, IL
Tax ID36-2217993

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About this organization

Revenue

$246,253

Expenses

$213,245

Website

iomc.org

Mission

THE INSTITUTE OF MEDICINE OF CHICAGO WORKS TO PRESERVE AND IMPROVE CHICAGOLAND'S HEALTH, IT ENABLES DISTINGUISHED HEALTH PROVIDERS, HEALTH PAYERS, HEALTH OFFICIALS AND EMPLOYERS TO SHARE CONCERNS, EXPRESS DIFFERENCES, AND DEVELOP SOLUTIONS TO MAKE THE CHICAGO AREA A BETTER PLACE TO LIVE AND WORK.

About

PORTES FOUNDATION GRANT REVIEW THE PORTES FOUNDATION WAS ESTABLISHED OVER 70 YEARS AGO TO PROVIDE GRANT SUPPORT FOR PROJECTS TO PREVENT DISEASE AND IMPROVE CHICAGO'S HEALTH, ESPECIALLY THROUGH INNOVATIVE APPROACHES. THE IOMC NOW ADMINISTERS THE GRANT PROGRAM AND REVIEWS GRANT REQUESTS TO IDENTIFY THE MOST PROMISING AND COUNSEL GRANTEES ON HOW TO ENSURE THEIR PROJECT SUCCEEDS. GRANT REVIEWERS INCLUDE SCIENTISTS (WHO KNOW THE FIELDS), ADMINISTRATORS (WHO CAN HELP MAKE A PROJECT SUCCEED), POLICY MAKERS (WHO UNDERSTAND HOW THE PROJECT RELATES TO OVERALL HEALTH POLICY) AND COMMUNITY RESIDENTS WHO UNDERSTAND HOW THE PROJECT WILL BENEFIT THE COMMUNITY. WHILE MOST OF THE REVIEWERS ARE IOMC MEMBERS, EXPERTS FROM ALL AREAS ARE ASKED TO BECOME REVIEWS. THIS COMBINATION OF REVIEWERS REFLECTS IOMC'S MISSION TO SEE HEALTH AS A COMBINED EFFORT OF PROVIDERS, PAYERS, COMMUNITY RESIDENTS, AND POLICY MAKERS. THIS YEAR THE IOMC CO-REVIEWED 29 LETTERS OF INTENT AND INVITED 7 FULL PROPOSALS WHICH INCORPORATED 5 BOARD MEMBERS AND 4 ADDITIONAL FELLOWS. A GRANT FUNDING FOR A TOTAL OF 65,000 WAS AWARDED FOR THE SOLAR POWERED DRINKING WATER PROJECT TO PREVENT DIARRHEA IN CHILDREN IM WESTERN KENYA.

Interesting data from their 2019 990 filing

The filing clearly states the mission of the non-profit as “The institute of medicine of chicago (iomc) is an organization of distinguished leaders in the health field who collaborate to improve the health of the public in chicagoland. drawing upon the expertise of its membership & regional leaders, iomc addresses a variety of health issues.”.

When outlining its functions, they were explained as: “The institute of medicine of chicago works to preserve and improve chicagoland's health, it enables distinguished health providers, health payers, health officials and employers to share concerns, express differences, and develop solutions to make the chicago area a better place to live and work.”.

  • In compliance with legal regulations, the non-profit has reported their state of operation as IL.
  • As of 2019, the non-profit's form reports a total of 0 employees.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are between $100,000 and $250,000.
  • Revenue is between $100,000 and $250,000.
  • Revenue less expenses is $33,008.
  • The compensation of the CEO of the organization is not based on an independent review and approval process.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 20 independent voting members.
  • The organization was formed in 1915.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization's financial statements were compiled or reviewed by an accountant.
  • The organization pays $58,618 in salary, compensation, and benefits to its employees.
  • The organization pays $10,287 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has grants to organizations.

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