Get The Medications Right Institute
- Assets
- $425.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Vienna, VA
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 82-3466837
Organization Overview
Get The Medications Right Institute is located in Vienna, VA. The organization was established in 2018. According to its NTEE Classification (H01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Medical Research and related organizations. As of 12/2022, Get The Medications Right Institute employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Get The Medications Right Institute is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Get The Medications Right Institute generated $1.1m in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE LIFE BY ENSURING APPROPRIATE AND PERSONALIZED USE OF MEDICATION AND GENE THERAPIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENHANCE LIFE BY ENSURING APPROPRIATE AND PERSONALIZED USE OF MEDICATION AND GENE THERAPIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Capps Executive Director | OfficerTrustee | 30 | $225,000 |
Michael Maddux Treasurer | OfficerTrustee | 0.25 | $0 |
Paul Grundy President & Board Member | OfficerTrustee | 0.25 | $0 |
Paul W Abramowitz Board Member | Trustee | 0.25 | $0 |
Anastasia Daifotis Board Member | Trustee | 0.25 | $0 |
Ira Klein Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $85,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,085,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,085,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $225,000 |
| Compensation of current officers, directors, key employees. | $80,452 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $297,158 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,721 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $51,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $536,207 |
| Advertising and promotion | $54,097 |
| Office expenses | $7,027 |
| Information technology | $1,488 |
| Royalties | $0 |
| Occupancy | $13,533 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,703 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $34,617 |
| All other expenses | $0 |
| Total functional expenses | $1,351,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $422,744 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,600 |
| Total assets | $425,594 |
| Accounts payable and accrued expenses | $219,345 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $219,345 |
| Net assets without donor restrictions | $206,249 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $425,594 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance For Regenerative Medicine Washington, DC | $10,715,700 | $10,904,376 |
Bladder Cancer Advocacy Network Inc Bethesda, MD | $9,286,353 | $4,308,947 |
Assoc For The Accreditation Of Human Research Protection Programs Washington, DC | $5,454,106 | $3,497,702 |
Get The Medications Right Institute Vienna, VA | $425,594 | $1,085,000 |
National Association For Biomedical Research Washington, DC | $19,649,026 | $3,607,043 |
Patients Rising Now Inc Washington, DC | $373,372 | $1,012,386 |
American Butter Institute Arlington, VA | $467,833 | $557,928 |
Global Alliance For Patient Access Washington, DC | $220,101 | $389,506 |
Tennessee Press Association Knoxville, TN | $198,990 | $318,602 |
Cancer Patient Advocate Foundation Mooresville, NC | $50,054 | $0 |
Lvh Als Foundation Winstonsalem, NC | $49,610 | $30,076 |
Cancer Biology Training Consortium Chapel Hill, NC | $127,347 | $0 |