Oklahoma Medical Research Foundation is located in Oklahoma City, OK. The organization was established in 1999. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, under the broad grouping of Medical Research and related organizations. As of 06/2020, Oklahoma Medical Research Foundation employed 595 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Oklahoma Medical Research Foundation generated $95.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $88.6m during the year ending 06/2020. While expenses have increased by 3.9% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OKLAHOMA MEDICAL RESEARCH FOUNDATION (OMRF) IS DEDICATED TO DEVELOPING A BETTER UNDERSTANDING OF AND MORE EFFECTIVE TREATMENTS FOR HUMAN DISEASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTHRITIS AND CLINICAL IMMUNOLOGY/CLINICAL OPERATIONS - WHEN THE PANDEMIC STRUCK, PHYSICIANS AND SCIENTISTS IN THIS PROGRAM PIVOTED TO ASSIST IN THE FIGHT AGAINST COVID-19. RHEUMATOLOGISTS TAPPED THEIR EXPERTISE IN AUTOIMMUNE DISEASE TO OFFER INSIGHTS ON TREATING COVID-19 AND PREPARED A COMPREHENSIVE REVIEW OF THERAPEUTIC AND VACCINE STRATEGIES. OTHERS REPURPOSED RESEARCH EQUIPMENT TO CREATE A DIAGNOSTIC TESTING LAB THAT HELPED EASE TESTING SHORTAGES ACROSS THE STATE. AND IN THE LARGEST, MOST COMPREHENSIVE EFFORT, A TEAM OF SCIENTISTS WHO'D BEEN STUDYING ANTHRAX RECEIVED A FEDERAL GRANT TO INVESTIGATE WHY SOME PEOPLE BECOME EXTREMELY SICK WHEN INFECTED WITH THE VIRUS, WHILE OTHERS DO NOT.
CARDIOVASCULAR BIOLOGY RESEARCH PROGRAM - A 2020 DISCOVERY IN THIS PROGRAM COULD PAVE THE WAY FOR THERAPIES TO REVERSE VISION LOSS COMMON IN PREMATURE INFANTS AND ADULTS. IN A STUDY APPEARING IN THE PROCEEDINGS OF THE NATIONAL ACADEMY OF SCIENCES, OMRF SCIENTISTS IDENTIFIED A COMPOUND THAT COULD GIVE BIRTH TO THERAPIES FOR A HOST OF EYE DISEASES THAT INCLUDE RETINOPATHY OF PREMATURITY AND DIABETIC RETINOPATHY. "POTENTIALLY, EVEN PATIENTS WITH ADVANCED DISEASE PROGRESSION COULD SEE THEIR FORTUNES TURNED AROUND," SAID DR. COURTNEY GRIFFIN, THE SENIOR AUTHOR OF THE STUDY. "THIS COULD BE A MAJOR ADVANCE IN TREATMENT FOR VISION LOSS IN PATIENTS OF ALL AGES."
AGING AND METABOLISM RESEARCH PROGRAM - SCIENTISTS IN THIS PROGRAM STUDY A HOST OF DIFFERENT DISEASE PROCESSES, BUT THEIR WORK UNITES IN A COMMON THEME: EXTENDING THE HEALTH SPAN OF OUR AGING POPULATION. IN 2020, THEY PROGRESSED TOWARD THIS GOAL IN A VARIETY OF WAYS. ONE SCIENTIST LAUNCHED A CLINICAL TRIAL OF THE DIABETES DRUG METFORMIN TO STUDY ITS EFFECTS ON THE AGING PROCESS. ANOTHER BEGAN A COLLABORATIVE STUDY FOCUSED ON COUNTERING OSTEOARTHRITIS THROUGH THE USE OF ANTI-INFLAMMATORY TREATMENTS AND EXERCISE THERAPY. THE YEAR ENDED WITH OMRF TEAMING WITH A PAIR OF OKLAHOMA INSTITUTIONS TO SECURE DESIGNATION AND FUNDING BY THE NATIONAL INSTITUTES OF HEALTH AS A NATHAN SHOCK CENTER OF EXCELLENCE IN THE BASIC BIOLOGY OF AGING, ONE OF ONLY EIGHT IN THE U.S.
OTHER PROGRAM SERVICES INCLUDE DEPARTMENTS SUCH AS CELL CYCLE AND CANCER BIOLOGY, GENES AND HUMAN DISEASE, GENETIC MODELS OF DISEASE AND OTHER SCIENTIFIC AND RESEARCH SUPPORT SERVICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Board Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Mcallister & Quinn Llc Grant Application Review Services | 6/29/20 | $125,000 |
Aramark Housekeeping Services | 6/29/20 | $502,450 |
Grant Thornton Llp Audit Services | 6/29/20 | $105,400 |
Infusion Management Llc Medical Billing Services | 6/29/20 | $20,827,927 |
Statement of Revenue | |
---|---|
Federated campaigns | $106,040 |
Membership dues | $0 |
Fundraising events | $692,760 |
Related organizations | $0 |
Government grants | $30,889,184 |
All other contributions, gifts, grants, and similar amounts not included above | $28,476,784 |
Noncash contributions included in lines 1a–1f | $319,747 |
Total Revenue from Contributions, Gifts, Grants & Similar | $60,164,768 |
Total Program Service Revenue | $25,257,648 |
Investment income | $1,973,127 |
Tax Exempt Bond Proceeds | $98,711 |
Royalties | $2,728,976 |
Net Rental Income | $456,880 |
Net Gain/Loss on Asset Sales | $2,169,688 |
Net Income from Fundraising Events | -$59,800 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $95,128,697 |
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. | $3,421,450 |
Compensation of current officers, directors, key employees. | $510,420 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $27,018,022 |
Pension plan accruals and contributions | $2,240,169 |
Other employee benefits | $5,099,114 |
Payroll taxes | $1,999,567 |
Fees for services: Management | $0 |
Fees for services: Legal | $116,933 |
Fees for services: Accounting | $123,500 |
Fees for services: Lobbying | $62,265 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,185,667 |
Advertising and promotion | $0 |
Office expenses | $533,424 |
Information technology | $946,164 |
Royalties | $0 |
Occupancy | $3,820,951 |
Travel | $428,027 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $90,851 |
Interest | $911,620 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $8,071,357 |
Insurance | $299,578 |
All other expenses | $2,039,015 |
Total functional expenses | $88,608,525 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,640 |
Savings and temporary cash investments | $29,057,583 |
Pledges and grants receivable | $9,295,029 |
Accounts receivable, net | $6,175,900 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $12,243 |
Prepaid expenses and deferred charges | $465,916 |
Net Land, buildings, and equipment | $94,795,181 |
Investments—publicly traded securities | $113,247,515 |
Investments—other securities | $21,446,654 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $141,597,018 |
Total assets | $416,096,679 |
Accounts payable and accrued expenses | $10,516,507 |
Grants payable | $0 |
Deferred revenue | $2,192,510 |
Tax-exempt bond liabilities | $31,965,000 |
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 | $7,063,419 |
Total liabilities | $51,737,436 |
Net assets without donor restrictions | $124,900,551 |
Net assets with donor restrictions | $239,458,692 |
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 | $416,096,679 |
Over the last fiscal year, we have identified 6 grants that Oklahoma Medical Research Foundation has recieved totaling $47,127.
Awarding Organization | Amount |
---|---|
Raymond James Charitable Endowment Fund St Petersburg, FL PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $20,000 |
Rulewicz Foundation Edmond, OK PURPOSE: FINANCIAL SUPPORT | $10,000 |
Matt Russac Charitable Tr Tulsa, OK PURPOSE: GENERAL OPERATIONS | $9,927 |
The Meinders Foundation Oklahoma City, OK PURPOSE: OPERATIONAL SUPPORT | $3,500 |
Anne And Henry Zarrow Foundation Tulsa, OK PURPOSE: SPONSORSHIP OF THE MS ADVOCATE AWARD | $3,500 |
Oklahoma Allergy Clinic Foundation Inc Oklahoma City, OK PURPOSE: MEDICAL RESEARCH | $200 |
Beg. Balance | $115,938,978 |
Earnings | $4,715,393 |
Net Contributions | $26,722 |
Other Expense | $4,400,000 |
Ending Balance | $116,281,093 |
Organization Name | Assets | Revenue |
---|---|---|
Stowers Institute For Medical Research Kansas City, MO | $312,071,612 | $73,449,478 |
Oklahoma Medical Research Foundation Oklahoma City, OK | $416,096,679 | $95,128,697 |
Lovelace Biomedical Research Institute Albuquerque, NM | $159,558,180 | $76,388,415 |
Lovelace Biomedical & Environmental Research Institute Inc Albuquerque, NM | $86,733,655 | $36,706,942 |
Steadman Philippon Research Institute Vail, CO | $12,820,509 | $12,009,426 |
Biomedical Research Foundation Medical Research 151 Little Rock, AR | $1,514,720 | $863,390 |
Biomedical Research Foundation Of Colorado Denver, CO | $535,778 | $44,425 |
Biomedical Research Foundation Houston, TX | $272,086 | $8,237 |
Institute For Algorithmic Medicine Inc Houston, TX | $0 | $0 |