Institute for Safe Medication Practices
Fiscal year ending 2024. Filed on November 13, 2025.
77 N Broad Street 3rd Floor
Doylestown, Pennsylvania 18901
Institute for Safe Medication Practices (EIN: 23-2757559) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Institute for Safe Medication Practices, a 501(c)(3) charitable organization, reported compensation for 11 out of 21 total employees. Among the employees shown here, the average compensation is $347,650. The highest compensated employee at Institute for Safe Medication Practices is Marcus Schabacker, M.D., Ph.D. with fiscal year 2024 compensation of $1,142,585.
Revenue, expenses, and employee compensation
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Mission Statement
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
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