Osteopathic Founders Foundation FY2020 filing

Tax-deductible

Tulsa, OK501(c)(3)Diseases & DisordersEIN 73-0583936

To improve the health and healthcare in northeast oklahoma through the support of osteopathic medical education across the continuum of learning.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
$217K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
3 of 5
years in the black
Worth a look: 2 of the last 5 filings show a deficit.
Pt I · Ln 19 · 5 filings
How much reaches the programs?
62%
of spending
Worth a look: 62% of spending went to programs; under 75% is worth a look.
Pt IX · Ln 25 · col B
What are leaders paid?
$217K
to officers and key staff · 26% of spending
Worth a look: leaders' pay is 26% of spending; over 15% is worth a look.
Pt VII · Sec A
Do they have reserves?
2 mo
of spending, in cash
Worth a look: 1.9 months of spending in cash; under 3 is worth a look.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $1K
Worth a look: 1 funder names it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$714K
liabilities
Looks good: debts are 3% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
11
independent of 11 voting board members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$700K
Spent
$819K
To programs
62%
Net assets
$21.2M
By yearFY2020–FY2024
Revenue
$700K
FY2020
Revenue by fiscal year
FY2020$700K
FY2021$2.7M
FY2022$1.4M
FY2023$948K
FY2024$2.0M
Expenses
$819K
FY2020
Expenses by fiscal year
FY2020$819K
FY2021$943K
FY2022$935K
FY2023$1.3M
FY2024$1.1M
Net assets
$21.2M
FY2020
Net assets by fiscal year
FY2020$21.2M
FY2021$24.2M
FY2022$20.7M
FY2023$22.5M
FY2024$24.7M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item COsteopathic Founders Foundation
EINHdr · item D73-0583936
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 1944
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CTulsa, OK
NTEE classificationIRS BMFDiseases & Disorders (G030)
WebsiteHdr · item Jwww.osteopathicfounders.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.15 Fundraising $0.24
Program services62%$505K
Management & general15%$122K
Fundraising24%$193K
Total functional expensesLn 25$819K

Financial health

Is it on solid ground?

Program efficiency
62%
of spending reaches programs
Operating runway
320.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$21.9M
FY2020
Total assets by fiscal year
FY2020$21.9M
FY2021$24.8M
FY2022$21.5M
FY2023$23.3M
FY2024$25.5M
Total liabilities
$714K
FY2020
Total liabilities by fiscal year
FY2020$714K
FY2021$601K
FY2022$799K
FY2023$805K
FY2024$750K
Revenue less expensesPt I · Ln 19−$119K
Total assetsPt X · Ln 16$21.9M
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$132K
Total assetsLn 16$21.9M
Total liabilitiesLn 26$714K
Total net assetsLn 32$21.2M
Months of cash on handcomputed1.9

Statement of Revenue

Part VIII
Investment income$439K · 63%
Contributions & grants$279K · 40%
Program service revenue$89K · 13%
Investment income63%$439K
Contributions & grants40%$279K
Program service revenue13%$89K
Total revenueLn 12$700K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $21.9M · Operating expenses/yr $819K
320.3 months
Where the money goes
Program services
Program services $505K · Total expenses $819K
62%
Management & General
Management & general $122K · Total expenses $819K
15%
Fundraising
Fundraising $193K · Total expenses $819K
24%
Cost to raise $1
Fundraising expense $193K · Solicited contributions $279K
$0.69 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $279K · Total revenue $700K
40%
Government reliance
Government grants — · Total revenue $700K
—
Earned-income share
Program service revenue $89K · Total revenue $700K
13%
Investment reliance
Investment income $439K · Total revenue $700K
+63%
Program self-sufficiency
Program service revenue $89K · Total expenses $819K
11%
Growth & trend
Revenue growth (YoY)
This year $700K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $21.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $700K · Expenses $819K
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $21.9M
—
Net-asset ratio
Net assets $21.2M · Total assets $21.9M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $19.2M · Other securities (Pt X, ln 12) $2.6M · Total assets (Pt X, ln 16) $21.9M
99%
People & payroll
Highest Reported Total Compensation
Individual Sherri L Wise · Reported title PRESIDENT/CEO · Highest reported compensation $207K · Total expenses $819K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $349K · Total expenses $819K
43%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 62%——
Overhead ratio 15%——
Fundraising cost ratio 69%——
Investment management fee ratio 0.3%——
Legal fee ratio 0%——
Accounting fee ratio 3%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/CEO
$207,015Pt VII · Sec A
$10,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
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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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Supports osteopathic medical education to improve health and healthcare in Northeast Oklahoma.

Provided by the organization

This section is blank until Osteopathic Founders Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $505K of program spending, described in the organization's own filed words · FY2020.
01

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.

$264Kprogram expense
02

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 based on academic achievement, professional ambassadorship, and community engagement.

$123Kprogram expense
03

Heart disease is the leading cause of death for both men and women. In the united states, someone has a heart attack every 40 seconds. Each minute, more than one person in the united states dies from a heart disease-related event.

$118Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$1K
Grants paid · 35 grants · $715K · 2020–2024
Unitemized GrantFY2024$33,500
Tulsa CaresOK · FY2024$7,500
Youth Services of Tulsa INCFY2024$5,000
Kendall-Whittier INCOK · FY2024$5,000
Iron Gate INCOK · FY2024$5,000
Unitemized GrantFY2023$58,500
Unitemized GrantFY2023$29,853
La Cosecha INCOK · FY2023$10,000
Neighbors Along the LineOK · FY2023$5,000
Harvest House Outreach INCOK · FY2023$5,000
See all 35 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $2.0M$1.1M+106% 990 PDF
FY2023 $948K$1.3M-34% 990 PDF
FY2022 $1.4M$935K-47% 990 PDF
FY2021 $2.7M$943K+289% 990 PDF
FY2020 Viewing $700K$819K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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