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

Revenue

$2,402,337

Expenses

$3,870,900

Employee compensation

$2,208,849
Revenue, expenses, and employee compensation over time

Non-Employee Board Members

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

Revisions to this organization profile

November 13, 2025:
2024 Institute for Safe Medication Practices 990 filed
November 5, 2024:
2023 Institute for Safe Medication Practices 990 filed
October 19, 2023:
2022 Institute for Safe Medication Practices 990 filed

Get an email when new compensation information is released for Institute for Safe Medication Practices

Be the first to know when new IRS Form 990 data is published for this organization.

Related Jobs

Powered by Talroo