INSTITUTE OF MEDICINE OF CHICAGO Charity Report

Public IRS 990 nonprofit record

INSTITUTE OF MEDICINE OF CHICAGO

EIN 36-2217993 · Education N.E.C. (B99)

What they do

MISSION - THE INSTITUTE of MEDICINE of CHICAGO is AN INDEPENDENT NON-PROFIT ORGANIZATION of DISTINGUISHED LEADERS IN THE HEALTH FIELD WHO COLLABORATE to IMPROVE THE HEALTH of THE PUBLIC. DRAWING UPON THE EXPERTISE of A DIVERSE MEMBERSHIP and OTHER REGIONAL LEADERS, THE IOMC 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, IOMC is BUILDING NEW PROGRAMS and SERVICES to BETTER MEET THE NEEDS of ITS MEMBERS and THE CHICAGOLAND COMMUNITY, ITS COUNTIES and THE STATE of ILLINOIS. WWW.IOMC.ORG OUR MEMBERS ARE BILLINGS FELLOWS and FELLOWS FROM THE METROPOLITAN CHICAGO AREA and THE STATE of ILLINOIS. THEY ARE ACADEMICS, PUBLIC HEALTH SPECIALISTS, PHYSICIANS, NURSES, PHARMACISTS, ADMINISTRATORS, COMMUNITY HEALTH SPECIALISTS, SOCIAL WORKERS, DENTISTS, EDUCATORS, LAWYERS and COMMUNITY LEADERS. IOMC INDUCTED 18 NEW FELLOWS IN 2023.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $54.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders20 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

42.55%of revenue went to mission work54.8% of expenses · Program services

3.01%of revenue went to fundraising3.9% of expenses

$77.67spent for every $100 of revenueRevenue covered expenses this year.

32.11%of revenue went to management and office costs41.3% of expenses

$3.82in assets for every $1 spent this yearSome assets cannot be spent right away.

60.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$195,507

Mission workProgram services$83,18542.55% of revenue54.8% of expenses

ManagementOffice and general costs$62,77332.11% of revenue41.3% of expenses

FundraisingAsking for donations$5,8853.01% of revenue3.9% of expenses

Revenue left after expensesReported annual surplus$43,66422.33% of revenueShown in gray on the chart

Total expenses$151,84377.67% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 54.8% mission · 41.3% management · 3.9% fundraisingTotal expenses: 77.67% of revenue

2023Expense mix: 70.6% mission · 27.2% management · 2.3% fundraisingTotal expenses: 167.12% of revenue

2022Expense mix: 63.3% mission · 33.8% management · 2.9% fundraisingTotal expenses: 162.77% of revenue

2021Expense mix: 76.4% mission · 21.2% management · 2.4% fundraisingTotal expenses: 66.95% of revenue

2020Expense mix: 46.6% mission · 45.4% management · 8.0% fundraisingTotal expenses: 81.00% of revenue

2019Expense mix: 65.5% mission · 29.6% management · 4.8% fundraisingTotal expenses: 85.26% of revenue

2018Expense mix: 66.4% mission · 28.8% management · 4.8% fundraisingTotal expenses: 86.60% of revenue

2017Expense mix: 68.3% mission · 27.7% management · 4.0% fundraisingTotal expenses: 96.55% of revenue

Money in and money out

Revenue$195,507

Expenses$151,843

Annual surplus $43,664 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$83,185 · 54.8% of expenses

Management and office costs$62,773 · 41.3% of expenses

Fundraising$5,885 · 3.9% of expenses

See all reported dollar amounts

Revenue$195,507

Expenses$151,843

Assets$579,683

Income$603,643

Contributions$118,702

Mission work (program services)$83,185

Fundraising$5,885

Grants given$643,651

Average grant$33,876

Management and general$62,773

Executive compensation (total)$87,378

Stocks and bonds$421,005

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (20)

KALEEM MALIK MD MPH MSDIRECTOR

TOM ALLEN MDDIRECTOR

RAUL GARZA MBAPAST PRESIDE

PETER ORRIS MD MPHDIRECTOR

PATRICIA MERRYWEATHER-ARGES MASECRETARY

NELI VAZQUEZ-ROWLANDDIRECTOR/PRE

MYRTIS SULLIVAN MD MPH FAAPDIRECTOR

MAURICE LEMON MDDIRECTOR

LORENZO PENCE DOPRESIDENT/ P

LISA GREEN DO MPHVICE PRES/DI

ANITA STEWART MD MPH JD MBADIRECTOR

IAN JASENOF MD FACOG MHA CPEDIRECTOR

HOWARD NOCHUMSON MADIRECTOR

FERNANDO DEMAIO PHDDIRECTOR

DORIANE MILLER MDDIRECTOR/VIC

DAWN GAY MBA-HCMDIRECTOR

COURTNEY AVERY DAVIS MPHPRES ELECT/P

CLARK STANFORD PHD DDS MHATREASURER

BEENA PETERS DNP RNDIRECTOR

ARCHANA CHATTERJEE MDDIRECTOR/SEC

About this charity

Recognized since: January 1937
Location: 111 W JACKSON BLVD STE 1700, CHICAGO, IL 60604-3597
County: Cook
In care of: % DEBORAH HODGES
Primary officer: COURTNEY AVERY DAVIS MPH, PRES ELECT/PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailiomcstaff@iomc.org Phone(312) 709-2685

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: ERIC J FERNANDEZ & CO
NTEE classification: Education N.E.C. (B99)
IRS tax category: Education N.E.C.
Grant-giving organization: Yes