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Filing year 2024

INSTITUTE FOR SAFE MEDICATION PRACTICES

Doylestown, Pennsylvania·EIN 23-2757559·NTEE E60 · Health Care·501(c)(3)
Total revenue
$2.4M
Total assets
$1.8M
Total expenses
$3.9M
Reported officers
12
Mission

THE ORGANIZATION'S MISSION IS TO ADVANCE PATIENT SAFETY WORLDWIDE BY EMPOWERING THE HEALTHCARE COMMUNITY TO PREVENT MEDICATION ERRORS.THE ORGANIZATION ACCOMPLISHES ITS MISSION THROUGH ITS INTERDISCIPLINARY EFFORTS TO:- COLLECT AND ANALYZE REPORTS OF MEDICATION-RELATED HAZARDOUS CONDITIONS, NEAR-MISSES, ERRORS, AND OTHER ADVERSE DRUG EVENTS- DISSEMINATE TIMELY MEDICATION SAFETY INFORMATION, RISK-REDUCTION TOOLS, AND ERROR-PREVENTION STRATEGIES- EDUCATE THE HEALTHCARE COMMUNITY AND CONSUMERS ABOUT SAFE MEDICATION PRACTICES- COLLABORATE WITH OTHER PATIENT SAFETY ORGANIZATIONS, EDUCATIONAL INSTITUTIONS, GOVERNMENTAL AGENCIES AND OTHER HEALTHCARE STAKEHOLDERS- ADVOCATE THE ADOPTION OF SAFE MEDICATION STANDARDS BY ACCREDITING BODIES, MANUFACTURERS, POLICY MAKERS, REGULATORY AGENCIES, AND STANDARDS-SETTING ORGANIZATIONS- CONDUCT RESEARCH TO PROVIDE EVIDENCE-BASED SAFE MEDICATION PRACTICES

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 11 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Health Care organizations in Pennsylvania.

President
75th to 90th percentile
$293k
$315k
Base
$268k
Bonus
$10k
Other
$2k
Benefits
$721
Director - Chair
Board Chair
Median to 75th percentile
$237k
$255k
Director of Membership & Pso
Key Employee
25th percentile to median
$189k
$204k
Base
$180k
Bonus
Other
$1k
Benefits
$517
Director of Education
Highest Compensated Employee
10th to 25th percentile
$153k
$165k
Base
$146k
Bonus
Other
$1k
Benefits
$437
Sr Mgr, Error Reporting
Highest Compensated Employee
10th to 25th percentile
$151k
$163k
Base
$145k
Bonus
Other
$497
Benefits
$433
MED Safety Spec, Membership
Highest Compensated Employee
10th to 25th percentile
$149k
$161k
MED Safety Spec, Publications
Highest Compensated Employee
10th to 25th percentile
$147k
$159k
Mgr, MED Safety Board
Highest Compensated Employee
10th to 25th percentile
$147k
$158k
Director - Treasurer
Officer (Unspecified)
$116k
$125k
Director
Board Member
Median to 75th percentile
$99k
$106k
Secretary
Secretary (Operational)
75th to 90th percentile
$90k
$97k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 1 unpaid individual.

Browse compensation in Health Care

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at INSTITUTE FOR SAFE MEDICATION PRACTICES equaled 8% of the organization's total expenses. The median for health care organizations is 4%.

This organization (2024)
8%
Sector median
4%
Middle half of sector
1% to 13%

Based on 13,830 health care organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Down 2%
from 2023

From $297k in 2023 to $293k in 2024.

$297k
2023
$293k
2024
In today's dollarsEst.
Down 5% in real terms$332k to $315k

Estimated with Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 2% from 2023 to 2024, while revenue rose 2%.

$297k in 2023 to $293k in 2024.
  • Board Chair pay rose 345% from 2023 to 2024.
  • Key Employee pay held roughly steady from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about INSTITUTE FOR SAFE MEDICATION PRACTICES

What does the Chief Executive Officer of INSTITUTE FOR SAFE MEDICATION PRACTICES earn?

In 2024, the Chief Executive Officer of INSTITUTE FOR SAFE MEDICATION PRACTICES received $292,793 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Health Care organizations in Pennsylvania, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at INSTITUTE FOR SAFE MEDICATION PRACTICES compare with similar nonprofits?

Compared with the same role at Health Care organizations in Pennsylvania, the 2024 pay of the Chief Executive Officer at INSTITUTE FOR SAFE MEDICATION PRACTICES falls between the 75th and 90th percentiles. In 2024, the highest total compensation at INSTITUTE FOR SAFE MEDICATION PRACTICES equaled 8% of the organization's total expenses. The median for health care organizations is 4%.

What are INSTITUTE FOR SAFE MEDICATION PRACTICES's revenue and expenses?

In 2024, INSTITUTE FOR SAFE MEDICATION PRACTICES reported $2.4M in total revenue and $3.9M in total expenses on its IRS Form 990.

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