Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1944.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
63 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
12 people listed on the 990; $187K paid to officers and key staff.
Sherri L Wise’s $187K as President/CEO is at the 71st percentile of top reported officer pay among 733 $1–10M diseases & disorders nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Sherri L Wise | $186,715 | $187,500 | $155,597 | $199,712 | $207,015 |
| Mousumi Som DO | — | — | — | $12,000 | $10,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Supports osteopathic medical education to improve health and healthcare in Northeast Oklahoma.
Questions for Osteopathic Founders Foundation
Your first name shows with your question. Osteopathic Founders Foundation answers here, for everyone.
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Community grants are an important part of the work of the osteopathic founders foundation. Since the sale of our hospital in 1996, the foundation's trustees have focused on utilizing our resources in a manner consistent with the founder's original intent.
Heart disease is the leading cause of death for men and women of most racial and ethnic groups in the united states. In the us, someone will suffer a heart attack every 40 seconds. Annually, more than 805,000 people in this county have a heart attack with more than 600,000 of those being a first heart attack.
As stated in the mission statement, support of osteopathic medical education is central to the foundation's investments. At the pre-doctoral level, two scholarships are awarded to osteopathic medical students at oklahoma state university college of osteopathic medicine based on academic achievement, professional ambassadorship, and…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $173K | $65K |
| InvestmentsLn 11–13 | $22.9M | $25.3M |
| Land, buildings, equipmentLn 10c | $12K | $11K |
| Total assetsLn 16 | $23.3M | $25.5M |
| LiabilitiesLn 26 | $805K | $750K |
| Net assetsLn 32 | $22.5M | $24.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $78K | $78K | ||
| Grants to domestic individualsLn 2 | $139K | $139K | ||
| Pay of current officers, directors and key staffLn 5 | $203K | $142K | $47K | $14K |
| Other salaries and wagesLn 7 | $150K | $105K | $35K | $10K |
| Pension plan contributionsLn 8 | $3K | $2K | $630 | $191 |
| Other employee benefitsLn 9 | $18K | $13K | $4K | $1K |
| Payroll taxesLn 10 | $22K | $15K | $5K | $2K |
| Accounting feesLn 11c | $35K | $24K | $8K | $2K |
| Investment management feesLn 11f | $197K | $197K | ||
| Other fees for servicesLn 11g | $0 | $0 | $0 | $0 |
| Advertising and promotionLn 12 | $156 | $109 | $36 | $11 |
| Office expensesLn 13 | $16K | $11K | $4K | $1K |
| Information technologyLn 14 | $2K | $1K | $369 | $111 |
| OccupancyLn 16 | $80K | $56K | $19K | $6K |
| TravelLn 17 | $14K | $10K | $3K | $1K |
| Depreciation, depletion and amortizationLn 22 | $4K | $3K | $910 | $276 |
| InsuranceLn 23 | $7K | $5K | $2K | $494 |
| Other expenses (24a–d)Ln 24 | $122K | $85K | $28K | $8K |
| All other expensesLn 24e | $22K | $15K | $5K | $2K |
| Total functional expensesLn 25 | $1.1M | $705K | $357K | $49K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $2.0M | $1.1M | $846K | $24.7M | 990 PDF |
| FY2023 | $948K | $1.3M | −$400K | $22.5M | 990 PDF |
| FY2022 | $1.4M | $935K | $499K | $20.7M | 990 PDF |
| FY2021 | $2.7M | $943K | $1.8M | $24.2M | 990 PDF |
| FY2020 | $700K | $819K | −$119K | $21.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,956,766 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, no flags
Part VIII · Statement of revenue $1,956,766 across 7 lines filed
Part IX · Statement of functional expenses $1,110,445 across 19 lines filed
Part X · Balance sheet $25,494,793 assets, 19 lines filed
Part XI · Reconciliation of net assets $24,744,304 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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