The Institute For Functional Medicine
- Assets
- $12.0m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 114
- Location
- Federal Way, WA
- Founding
- 03/2002
- Data as of
- 12/2022
- EIN
- 91-2107518
Organization Overview
The Institute For Functional Medicine is located in Federal Way, WA. The organization was established in 2002. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2022, Institute For Functional Medicine employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Functional Medicine 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 12/2022, Institute For Functional Medicine generated $14.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $16.3m during the year ending 12/2022. While expenses have increased by 9.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE IS TO PROVIDE COMPREHENSIVE FUNCTIONAL MEDICINE EDUCATION AND TRAINING TO CLINICIANS WORLD WIDE AND TO PROVIDE RESOURCES AND TOOLS FOR PRACTICING CLINICIANS AND PATIENTS. IFM'S MISSION IS TO ENSURE THE WIDESPREAD ADOPTION OF FUNCTIONAL MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION PROGRAMS TO MEDICAL PRACTITIONERS IN APPLYING THE PRINCIPLES AND PROCESSES OF FUNCTIONAL MEDICINE TO ENHANCE PATIENT OUTCOMES. COURSES ARE TAUGHT USING A COMBINATION OF LECTURES, SMALL GROUP CASE STUDIES IN CLASSROOM SETTINGS AND ON-LINE. EDUCATION PROGRAMS INCLUDE AN ANNUAL INTERNATIONAL CONFERENCE, A FIVE-DAY CONFERENCES TEACHING THE APPLICATION OF FUNCTIONAL MEDICINE IN CLINICAL PRACTICE (AFMCP), SEVERAL COURSES IN ADVANCE CLINICAL TRAINING OF FUNCTIONAL MEDICINE AND SEVERAL ONLINE COURSES AND TUTORIALS. CONTINUING MEDICAL EDUCATION (CME) IS OFFERED FOR COURSES WITHIN THE US. LICENSED CLINICIANS MAY COMPLETE RIGOROUS STUDIES AND TESTING TO ACHIEVE CERTIFICATION IN FUNCTIONAL MEDICINE
PROVIDE RESOURCES FOR CLINICIANS, COURSE ATTENDEES, MEMBERS AND THE GENERAL PUBLIC ABOUT THE SCIENTIFIC BASIS AND CLINICAL APPLICATIONS OF FUNCTIONAL MEDICINE. RESOURCES INCLUDE TEXTBOOKS, RECORDINGS, WRITTEN PUBLICATIONS, CLINICAL PRACTICE FORMS AND TOOLS, PATIENT RESOURCES.
CONSULTING AND LICENSING OF INTELLECTUAL PROPERTY TO DEVELOP FUNCTIONAL MEDICINE TOOLS, EDUCATION PROGRAMS AND PATIENT TRACKING APPLICATIONS. EXAMPLES INCLUDE LICENSING INTELLECTUAL PROPERTY FOR HEALTH COACHING, MEDICAL RESIDENCY PROGRAMS, PROGRAM DEVELOPMENT IN MEDICAL SCHOOLS AND DEVELOPMENT AND PROMOTION OF WELLNESS USING FUNCTIONAL MEDICINE PRINCIPLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Mack Chief Executive Officer | Officer | 40 | $261,652 |
Stephanie Sharkey Chief Of Staff | Officer | 40 | $200,717 |
Brian Clintworth Chief Finance And Operations Officer | Officer | 40 | $191,474 |
Karen Kinsella-Obreitan Director Of Human Resources | Officer | 40 | $179,533 |
Robert Luby Exec Director Of Medical Education | Officer | 40 | $176,006 |
Daniel Lukaczer Director Of Medical Education | Officer | 40 | $171,378 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hey Llc Marketing Consulting | 12/30/22 | $566,189 |
Jme Consultation Services Llc Strategic Medical Consulting | 12/30/22 | $451,296 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,199,813 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,210,001 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,399 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,448,213 |
| Total Program Service Revenue | $11,401,334 |
| Investment income | $347,931 |
| 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 | $14,197,478 |
| 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. | $1,637,831 |
| Compensation of current officers, directors, key employees. | $73,702 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,386,949 |
| Pension plan accruals and contributions | $278,170 |
| Other employee benefits | $919,199 |
| Payroll taxes | $724,938 |
| Fees for services: Management | $210,651 |
| Fees for services: Legal | $68,317 |
| Fees for services: Accounting | $23,034 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $931,005 |
| Advertising and promotion | $883,575 |
| Office expenses | $291,200 |
| Information technology | $544,911 |
| Royalties | $0 |
| Occupancy | $120,739 |
| Travel | $27,853 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,475,851 |
| Interest | $210 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,613 |
| Insurance | $127,330 |
| All other expenses | $0 |
| Total functional expenses | $16,263,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $522,452 |
| Savings and temporary cash investments | $5,202,675 |
| Pledges and grants receivable | $1,210,001 |
| Accounts receivable, net | $637,103 |
| 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 | $295,402 |
| Net Land, buildings, and equipment | $642,797 |
| Investments—publicly traded securities | $3,303,074 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $55,000 |
| Other assets | $139,069 |
| Total assets | $12,007,573 |
| Accounts payable and accrued expenses | $337,811 |
| Grants payable | $0 |
| Deferred revenue | $1,864,515 |
| 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 | $819,281 |
| Total liabilities | $3,021,607 |
| Net assets without donor restrictions | $8,959,966 |
| Net assets with donor restrictions | $26,000 |
| 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 | $12,007,573 |