Certified Medical Representatives Institute Inc
- Assets
- $3.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 22
- Location
- Roanoke, VA
- Founding
- 05/1970
- Data as of
- 06/2023
- EIN
- 54-0807776
Organization Overview
Certified Medical Representatives Institute Inc is located in Roanoke, VA. The organization was established in 1970. According to its NTEE Classification (E02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Health Care and related organizations. As of 06/2023, Certified Medical Representatives Institute Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Certified Medical Representatives Institute Inc 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 06/2023, Certified Medical Representatives Institute Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $2.8m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO SERVING THE PROFESSIONAL DEVELOPMENT NEEDS OF LIFE SCIENCE PROFESSIONALS BY PROVIDING INNOVATIVE LEARNING STRATEGIES AND RESOURCES TO ADVANCE KNOWLEDGE AND ENHANCE HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE IS TO PROVIDE CONTINUING EDUCATION TO MEMBERS OF THE HEALTHCARE INDUSTRY FOR THE INTENTION OF IMPROVING PATIENT CARE. WHO WE ARE CMR INSTITUTE (CERTIFIED MEDICAL REPRESENTATIVES INSTITUTE) IS AN INDEPENDENT, NOT-FOR-PROFIT HEALTHCARE EDUCATIONAL PROVIDER FOUNDED BY PHYSICIANS IN 1966 IN RESPONSE TO THE NEED TO INCREASE THERAPEUTIC KNOWLEDGE THROUGH SCIENTIFIC EDUCATION; TO FACILITATE EFFECTIVE CLINICIAN INTERACTIONS; AND TO ENHANCE BUSINESS EXPERTISE TO UNDERSTAND INDUSTRY CHALLENGES. OUR MISSION CMR INSTITUTE IS DEDICATED TO PROVIDING UNBIASED, CURRENT AND APPLICABLE INFORMATION WHILE INCREASING THE KNOWLEDGE, SKILLS AND UNDERSTANDING OF THE ISSUES AFFECTING HEALTHCARE TODAY. CMR INSTITUTES MISSION HAS ALWAYS BEEN AND REMAINS TO ADVANCE KNOWLEDGE TO ENHANCE HEALTHCARE. OUR FACULTY CMR INSTITUTES DISTINGUISHED FACULTY OF HEALTHCARE PROFESSIONALS AND LEADING SUBJECT MATTER EXPERTS FROM PRESTIGIOUS UNIVERSITIES AND ACADEMIC MEDICAL CENTERS ACROSS THE COUNTRY ASSIST IN DEVELOPING AND MAINTAINING AN UP-TO-DATE CURRICULUM RELEVANT TO TODAYS HEALTHCARE CHALLENGES. OUR CURRICULUM CMR INSTITUTE USES A TEAM OF EXPERIENCED INSTRUCTIONAL DESIGNERS AND WRITERS WHO APPLY SOLID INSTRUCTIONAL DESIGN STRATEGIES TO ENHANCE THE ADULT LEARNING EXPERIENCE FOR MAXIMUM EFFECTIVENESS. COURSES PROVIDE HEALTHCARE PROFESSIONALS WITH VITAL KNOWLEDGE TO MORE EFFECTIVELY INTERACT WITH TODAYS MEDICAL PROFESSIONALS TO IMPROVE PATIENT CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Farber Chair | OfficerTrustee | 5 | $2,500 |
Barbara Lockee Vice Chair | OfficerTrustee | 5 | $1,750 |
Mark Sorrentino Director | Trustee | 5 | $2,500 |
Partha Anbil Director | Trustee | 5 | $1,250 |
Jason Gaines Director | Trustee | 5 | $0 |
Dawn Brehm Director | Trustee | 5 | $750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,238,703 |
| Investment income | $42,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,744 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,276,982 |
| 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. | $557,781 |
| Compensation of current officers, directors, key employees. | $251,002 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $907,108 |
| Pension plan accruals and contributions | $63,926 |
| Other employee benefits | $101,288 |
| Payroll taxes | $128,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,341 |
| Fees for services: Accounting | $15,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,248 |
| Fees for services: Other | $7,050 |
| Advertising and promotion | $70,892 |
| Office expenses | $32,426 |
| Information technology | $219,362 |
| Royalties | $0 |
| Occupancy | $84,156 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $105,039 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $262,912 |
| Insurance | $28,997 |
| All other expenses | $509 |
| Total functional expenses | $2,766,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $731,926 |
| Savings and temporary cash investments | $1,324,320 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131,047 |
| 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 | $74,892 |
| Net Land, buildings, and equipment | $27,099 |
| Investments—publicly traded securities | $957,684 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $321,681 |
| Other assets | $119,996 |
| Total assets | $3,688,645 |
| Accounts payable and accrued expenses | $136,952 |
| 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 | $61,724 |
| Total liabilities | $198,676 |
| Net assets without donor restrictions | $3,382,776 |
| Net assets with donor restrictions | $107,193 |
| 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 | $3,688,645 |