Institute Of Medicine Of Chicago

Organization Overview

Institute Of Medicine Of Chicago is located in Chicago, IL. The organization was established in 1937. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute Of Medicine Of Chicago is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Institute Of Medicine Of Chicago generated $328.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $220.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Institute Of Medicine Of Chicago has awarded 19 individual grants totaling $537,671. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE INSTITUTE OF MEDICINE OF CHICAGO (IOMC) IS AN INDEPENDENT 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. VISIT WWW.IOMC.ORG.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NINE VIRTUAL EDUCATIONAL PROGRAMS WERE CONDUCTED IN 2021 AS PART OF THE CONTINUING STATE OF HEALTH OF CHICAGO PROGRAM- COLLABORATING FOR SYSTEMIC CHANGE DURING A PANDEMIC. EIGHT OF THESE VIRTUAL PROGRAMS WERE ACCREDITED FOR CONTINUING EDUCATIONAL CREDITS WITH RUSH UNIVERSITY. - 17 DEC 2021, PREVENTABLE: THE INSIDE STORY OF HOW LEADERSHIP FAILURES, POLITICS, AND SELFISHNESS DOOMED THE U.S. CORONAVIRUS RESPONSE. - 12 NOV 2021, CANNABIS - EVERYTHING YOU NEED TO KNOW ABOUT CANNABIS THERAPY IN THE 21ST CENTURY. - 8 OCT 2021, TACKLING MATERNAL HEALTH EQUITY TO ACHIEVE MATERNAL HEALTH JUSTICE IN ILLINOIS. - 10 SEP 2021, UNEQUAL CITIES: STRUCTURAL RACISM AND THE DEATH GAP IN AMERICA'S LARGEST CITIES. - 7 MAY 2021, MEDICAL MARIJUANA-WHAT DOES IT MEAN AND IS THERE EQUITY? - 23 APR 2021, THE PATH FORWARD FOR NURSING HOME RESIDENTS: LESSONS LEARNED FROM THE PANDEMIC. - 26 MAR 2021, CHILD AND FAMILY HEALTH IN CHICAGO AND THE COVID-19 PANDEMIC. - 19 FEB 2021, RACIAL INEQUITY IN HEALTHCARE. - 29 JAN 2021, CLOSING HEALTH GAPS FROM COVID-19 IN COOK & COLLAR COUNTIES & EXAMPLES.


IOMC COLLABORATED WITH THE PORTES FOUNDATION AND THE MICHAEL REESE RESEARCH AND EDUCATIONAL FOUNDATION, AND THREE RESEARCH GRANTS WERE AWARDED TO CONTINUE STUDIES IN DISEASE PREVENTION, DISEASE MANAGEMENT, AND REDUCING HEALTH DISPARITIES. RESEARCH GRANTS WERE AWARDED TO: - DR. TRAN H. TRAN, MIDWESTERN UNIVERSITY-COLLEGE OF PHARMACY 30,000 CLINICAL MODEL OF BEDSIDE DELIVERY OF PHARMACY MEDS. - MAUREEN DRAKES, PHD, LOYOLA UNIVERSITY-DEPT. OF MEDICINE 45,000 PREDICTING OVARIAN CANCER OUTCOMES BY ELUCIDATING MYELOID DERIVED SUPPRESSOR CELL FUNCTION. - ANNA MARIA MURPHY, PHD & DAVID ANSELL, MD, EQUAL HOPE-RUSH UNIVERSITY 30,000 REDUCING COVID19 HEALTH DISPARITIES BY LINKING CHICAGOANS TO MEDICAL HOMES: UNDERSTANDING CHICAGOANS' BARRIERS TO HAVE HAVING A PRIMARY CARE PROVIDER. IOMC MANAGED THE RESEARCH PROPOSAL PROCESS (LETTERS OF INTENT, SUBMITTALS, REVIEW OF PROPOSALS, RATING, AND DISTRIBUTION OF MONIES).


IOMC WAS AWARDED A GRANT BY THE OTHO S. A. SPRAGUE TO DEVELOP A TWO-YEAR MENTORING & NETWORKING PROGRAM FOR BLACK AND LATINX MALE MEDICAL STUDENTS. THERE HAS BEEN A SIGNIFICANT DECREASE IN BLACK AND LATINX MALE PHYSICIANS OVER THE PAST FEW YEARS. WE FEEL IT IS IMPERATIVE TO CORRECT THIS PROBLEM BEFORE IT IS A CRISIS. THE GRANT AWARD IS 150,000 FOR A TWO-YEAR PROGRAM. IOMC AWARDED NINE HEALTHCARE AWARDS IN JUNE 2021 AT ITS ANNUAL MEETING TO RECOGNIZE HEALTHCARE LEADERS FOR EXEMPLARY CONTRIBUTIONS. THE RECIPIENTS WERE FROM NORTHWESTERN UNIVERSITY FEINBERG SCHOOL OF MEDICINE, GUIDEHOUSE, THE SAFEHAVEN FOUNDATION, STATE OF ILLINOIS, CITY OF CHICAGO, AND SIX COUNTY PUBLIC HEALTH DIRECTORS.


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Board, Officers & Key Employees

Name (title)Compensation
Cheryl Rucker-Whitaker Mdmphfacp
President
$0
Raul Garza
Vice Preside
$0
Lorenzo Pence DO
Secretary
$0
Richard Ferraro
Treasurer
$0
Mark Grach
Immediate Pa
$0
Les Sandlow MD
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$40,145
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$264,025
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$304,170
Total Program Service Revenue$2,500
Investment income $9,384
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $12,475
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $328,529

Grants Awarded

Over the last fiscal year, Institute Of Medicine Of Chicago has awarded $105,000 in support to 3 organizations.

Grant RecipientAmount

LOYOLA UNIVERSITY DEPT OF MEDICINE

Org PageRecipient Profile

Maywood, IL

PURPOSE: SEE FORM 990, PAGE 2

$45,000

EQUAL HOPE RUSH UNIVERSITY

Org PageRecipient Profile

Chicago, IL

PURPOSE: SEE FORM 990, PAGE 2

$30,000

MIDWESTERN U COLLEGE OF PHARMACY

Org PageRecipient Profile

Downers Grove, IL

PURPOSE: SEE FORM 990, PAGE 2

$30,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Institute Of Medicine Of Chicago has recieved totaling $82,500.

Awarding OrganizationAmount
Michael Reese Research And Education Foundation

Chicago, IL

PURPOSE: IOMC DR M DRAKES RESEARCH-PREDICTING OVARIAN CANCER

$47,500
Northwestern Memorial Healthcare

Chicago, IL

PURPOSE: Community Support

$25,000
University Of Chicago Medical Center

Chicago, IL

PURPOSE: CB sponsorship of State of Health of Chicago

$10,000
View Grant Recipient Profile

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