Tulsa County Medical Society Foundation
- Assets
- $3.1m
- Revenue
- $347.8k
- Investments
- $274.7k
- Employees
- 3
- Location
- Tulsa, OK
- Founding
- 04/1992
- Data as of
- 12/2022
- EIN
- 73-1393227
Organization Overview
Tulsa County Medical Society Foundation is located in Tulsa, OK. The organization was established in 1992. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Tulsa County Medical Society Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tulsa County Medical Society Foundation 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, Tulsa County Medical Society Foundation generated $347.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $328.0k during the year ending 12/2022. 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
LOW-INCOME AND UNINSURED TULSA COUNTY RESIDENTS RECEIVE SPECIALTY HEALTH CARE THROUGH A REFERRAL PROGRAM OF THE FOUNDATION. THE FOUNDATION HAS AWARDED $1.454 MILLION SCHOLARSHIPS TO 1,327 MEDICAL STUDENTS TO INVEST IN THE FUTURE OF THE AREA'S HEALTH CARE NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT TCMS IS A COMMUNITY PARTNERSHIP TO IMPROVE ACCESS TO SPECIALTY HEALTH CARE FOR LOW-INCOME, UNINSURED RESIDENTS OF TULSA COUNTY. IT COMBINES CARE PROVIDED IN PRIMARY CARE SAFETY NET CLINICS IN TULSA COUNTY WITH DONATED SPECIALTY CARE IN A COORDINATED REFERRAL PROGRAM LED BY THE TULSA COUNTY MEDICAL SOCIETY FOUNDATION. THIS PROGRAM WAS ESTABLISHED BECAUSE THERE ARE CURRENTLY NO RESOURCES AVAILABLE FOR NON-EMERGENT SPECIALTY CARE FOR THE LOW-INCOME, UNINSURED PATIENTS. DURING 2022, SERVICES AND MATERIALS VALUED AT $978,378 WERE PROVIDED TO LOW-INCOME PATIENTS WHO OTHERWISE WOULD NOT HAVE RECEIVED CARE.
THE FOUNDATION MAKES FACILITIES AVAILABLE FOR ACTIVITIES OF TULSA COUNTY MEDICAL SOCIETY AND OTHER MEDICAL COMMUNITY SERVICE ORGANIZATIONS TO HOLD MEETINGS AND EVENTS IN ACCORDANCE WITH THE CHARITABLE AND COMMUNITY SERVICE PURPOSES OF THE FOUNDATION.
THE TCMS FOUNDATION SCHOLARSHIP FUND WAS ESTABLISHED TO PROVIDE SCHOLARSHIPS TO SECOND, THIRD, AND FOURTH YEAR MEDICAL STUDENTS. A COMMITTEE IS APPOINTED TO REVIEW SCHOLARSHIP APPLICATIONS AND SELECT RECIPIENTS ON AN ANNUAL BASIS. FOR 2022, $38,000 WAS AWARDED TO 9 MEDICAL STUDENTS MAKING THE CUMULATIVE TOTAL AWARDED SCHOLARSHIPS $1,454,550 TO 1,327 MEDICAL STUDENTS. IN ADDITION, LEADERSHIP IS ENCOURAGED THROUGH FINANCIAL ASSISTANCE TO STUDENTS WHO JOIN STATE AND NATIONAL MEDICAL SOCIETIES AND ATTEND THEIR MEETINGS. THE TCMS FOUNDATION IS VERY PROUD TO INVEST IN THE FUTURE OF HEALTH CARE BY SUPPORTING MEDICAL STUDENTS AND ENGAGING THEM IN ORGANIZED MEDICINE EARLY IN THEIR CAREER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Mcelreath Executive Dir. | Officer | 10 | $81,902 |
Martina Jelley MD Board Member | Trustee | 1 | $0 |
Lynn Frame MD Board Member | Trustee | 1 | $0 |
David W Griffiths MD Board Member | Trustee | 1 | $0 |
Kulsum Siddiqui Board Member | Trustee | 1 | $0 |
John Minielly MD Board Member | Trustee | 1 | $0 |
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 | $263,315 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,315 |
| Total Program Service Revenue | $76,000 |
| Investment income | $24,380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,844 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,301 |
| Net Income from Fundraising Events | -$23,026 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $347,814 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $38,065 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,945 |
| Pension plan accruals and contributions | $5,816 |
| Other employee benefits | $10,661 |
| Payroll taxes | $5,810 |
| Fees for services: Management | $23,206 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,356 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,912 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,522 |
| Information technology | $9,641 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,413 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,174 |
| Insurance | $8,292 |
| All other expenses | $3,981 |
| Total functional expenses | $328,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,534,559 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,250 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $681,861 |
| Investments—publicly traded securities | $555,094 |
| Investments—other securities | $274,672 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,052,436 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,641 |
| Total liabilities | $1,641 |
| Net assets without donor restrictions | $992,350 |
| Net assets with donor restrictions | $2,058,445 |
| 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 | $3,052,436 |