The Oak Clinic
- Assets
- $24.6m
- Revenue
- $55.9m
- Investments
- $0.0
- Employees
- 25
- Location
- Uniontown, OH
- Founding
- 03/2001
- Data as of
- 12/2021
- EIN
- 34-1930683
Organization Overview
The Oak Clinic is located in Uniontown, OH. The organization was established in 2001. According to its NTEE Classification (G50) the organization is classified as: Nerve, Muscle & Bone Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Oak Clinic employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Clinic 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 12/2021, Oak Clinic generated $55.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 62.1% each year . All expenses for the organization totaled $54.8m during the year ending 12/2021. While expenses have increased by 62.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES COMPREHENSIVE MEDICAL SERVICES FOR MULTIPLE SCLEROSIS PATIENTS, PROMOTES RESEARCH FOR TREATMENTS AND CURES FOR MULTIPLE SCLEROSIS, AND EDUCATES INDIVIDUALS WITH MULTIPLE SCLEROSIS AND THE PUBLIC ABOUT MULTIPLE SCLEROSIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED COMPREHENSIVE MEDICAL SERVICES FOR 2000 MULTIPLE SCLEROSIS PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Sheppard MD Medical Director | Officer | 40 | $514,000 |
Timothy Carrabine Clinic Director | Officer | 40 | $514,000 |
Patricia Jones Employee | 40 | $212,000 | |
Lauren Junk Employee | 40 | $188,000 | |
Suzanne Arnold Employee | 40 | $134,240 | |
Rachel Washington Employee | 40 | $128,000 |
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 | $850,893 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $850,893 |
| Total Program Service Revenue | $53,568,092 |
| Investment income | $1,380,132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $100,487 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,899,604 |
| 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. | $1,028,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,343,279 |
| Pension plan accruals and contributions | $438,492 |
| Other employee benefits | $602,029 |
| Payroll taxes | $212,821 |
| Fees for services: Management | $149,766 |
| Fees for services: Legal | $2,312 |
| Fees for services: Accounting | $28,482 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,812 |
| Advertising and promotion | $0 |
| Office expenses | $153,110 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $189,810 |
| Travel | $136 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,243 |
| Insurance | $44,860 |
| All other expenses | $0 |
| Total functional expenses | $54,767,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,596,844 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,968,988 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,601 |
| Prepaid expenses and deferred charges | $20,610 |
| Net Land, buildings, and equipment | $361,036 |
| Investments—publicly traded securities | $18,617,909 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,880 |
| Total assets | $24,583,868 |
| Accounts payable and accrued expenses | $1,916,432 |
| 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 | $0 |
| Total liabilities | $1,916,432 |
| Net assets without donor restrictions | $3,953,262 |
| Net assets with donor restrictions | $18,714,174 |
| 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 | $24,583,868 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The Oak Clinic has recieved totaling $86,737.
| Awarding Organization | Amount |
|---|---|
Akron Community Foundation Akron, OH PURPOSE: FOR GENERAL OPERATING SUPPORT | $55,000 |
Wayne County Community Foundation Wooster, OH PURPOSE: GENERAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $9,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,087 |
Mary S & David C Corbin Foundation Akron, OH PURPOSE: WELLNESS SERVICES AND NATIONAL PROGRAMS | $5,000 |
The Verna E Mckibben Memorial Foundation Detroit, MI PURPOSE: SUPPORT FOR DAILY OPERATION | $2,000 |
Endowment Analysis
| Beg. Balance | $15,499,733 |
| Earnings | $3,631,750 |
| Net Contributions | -$472,733 |
| Ending Balance | $18,658,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Oak Clinic Uniontown, OH | $24,583,868 | $55,899,604 |
Operating Engineers Joint Sub Fund Of Eastern Pa & Delaware Fort Washington, PA | $22,353,627 | $5,658,208 |
Amyotrophic Lateral Sclerosis Association Ambler, PA | $5,488,148 | $5,518,176 |
Als Association Western Pennsylvani A Chapter Pittsburgh, PA | $1,863,568 | $2,199,894 |
Michigan Osteopathic Association Okemos, MI | $3,997,317 | $2,072,035 |
Amyotrophic Lateral Sclerosis Indianapolis, IN | $1,575,757 | $819,713 |
Als Of Michigan Inc Southfield, MI | $1,104,417 | $794,628 |
Operation Give Back Cincinnati, OH | $314,270 | $599,035 |
International Brotherhood Of Electrical Workers Steubenville, OH | $2,726,385 | $448,501 |
Ibew-855 Muncie Electrical Joint Muncie, IN | $625,951 | $656,874 |
Pennsylvania Tourette Syndrome Alliance Inc Hanover, PA | $298,131 | $237,405 |
Associated General Cont Iron Worker Apprenticeship Ashland, KY | $624,180 | $286,205 |