Oklahoma Heart Hospital Research Foundation
- Assets
- $1.6m
- Revenue
- $1.1m
- Investments
- $25.0k
- Employees
- 16
- Location
- Oklahoma City, OK
- Founding
- 06/1995
- Data as of
- 12/2021
- EIN
- 73-1455900
Organization Overview
Oklahoma Heart Hospital Research Foundation is located in Oklahoma City, OK. The organization was established in 1995. According to its NTEE Classification (H43) the organization is classified as: Heart & Circulatory System Diseases & Disorders Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Oklahoma Heart Hospital Research Foundation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Heart Hospital Research 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 12/2021, Oklahoma Heart Hospital Research Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONDUCT NONPROFIT CLINICAL RESEARCH FOR TREATMENT OF CARDIOVASCULAR DISEASE.
Describe the Organization's Program Activity:
ADVANCE QUALITY PATIENT CARE IN TREATMENT OF CARDIOVASCULAR DISORDERS AND OTHER MEDICAL DISEASES BY PERFORMING NON-PROFIT MEDICAL CLINICAL RESEARCH AND INVESTIGATION OF MEDICAL DRUG AND DEVICE TECHNOLOGY.
FACILITATE MEDICALLY NEEDY PATIENTS WITH FREE MEDICAL THERAPY OR TREATMENT AT SUBSTANTIALLY REDUCED OR NO COSTS. FACILITATE HOSPITAL TREATMENT FOR PATIENTS WITH NO MEDICAL INSURANCE OR WHO ARE SIGNIFICANTLY UNDERINSURED.
PARTICIPATE IN CLINICAL RESEARCH STUDIES PERFORMED BY THE NATIONAL INSTITUTE OF HEALTH, THE NATIONAL INSTITUTE OF HEART LUNG AND BLOOD, AND VARIOUS UNIVERSITIES INCLUDING OKLAHOMA HEALTH SCIENCES CENTER, DUKE UNIVERSITY AND GEORGE WASHINGTON.INITIATE INDEPENDENT SCIENTIFIC RESEARCH RELATED TO TREATMENT OF CARDIAC DISORDERS AND OTHER MEDICAL DISEASES.
EDUCATE GENERAL PUBLIC AND MEDICAL COMMUNITY ABOUT HEART DISIEASE & RISK FACTORS OF CARDIAC DISEASE. PROMOTE AWARENESS OF DRUG AND MEDICAL DEVICE TECHNOLOGY AMONG PHYSICIANS AND THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Mcgarry MD President/medical Director | Officer | 10 | $780 |
Mohammad Ghani MD Secretary/director | OfficerTrustee | 5 | $0 |
Jack Collier MD Director | Trustee | 5 | $0 |
Marvin Woodall Director | Trustee | 1 | $0 |
Thomas Hennebry MD Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $172,350 |
| Related organizations | $0 |
| Government grants | $260,166 |
| All other contributions, gifts, grants, and similar amounts not included above | $686,019 |
| Noncash contributions included in lines 1a–1f | $26,549 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,118,535 |
| Total Program Service Revenue | $42,020 |
| Investment income | $1,372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,873 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$22,779 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,143,021 |
| 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. | $217,835 |
| Compensation of current officers, directors, key employees. | $14,036 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $309,984 |
| Pension plan accruals and contributions | $16,256 |
| Other employee benefits | $151,864 |
| Payroll taxes | $38,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,318 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $177 |
| Fees for services: Other | $159,142 |
| Advertising and promotion | $0 |
| Office expenses | $67,643 |
| Information technology | $57,392 |
| Royalties | $0 |
| Occupancy | $107,562 |
| Travel | $1,190 |
| 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 | $13,530 |
| Insurance | $30,639 |
| All other expenses | $15,577 |
| Total functional expenses | $1,230,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,484 |
| Savings and temporary cash investments | $305,403 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $879,015 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,315 |
| Net Land, buildings, and equipment | $163,042 |
| Investments—publicly traded securities | $37,746 |
| Investments—other securities | $25,000 |
| Investments—program-related | $0 |
| Intangible assets | $7,159 |
| Other assets | $25,250 |
| Total assets | $1,593,414 |
| Accounts payable and accrued expenses | $13,534 |
| 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 | $60 |
| Total liabilities | $13,594 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,579,820 |
| Total liabilities and net assets/fund balances | $1,593,414 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Oklahoma Heart Hospital Research Foundation has recieved totaling $21,636.
| Awarding Organization | Amount |
|---|---|
Marvin And Dee Ann Woodall Charitable Foundation Inc Doylestown, PA PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
Browning - Kimball Foundation Oklahoma City, OK PURPOSE: PROGRAM SUPPORT | $5,000 |
United Health Foundation Minnetonka, MN PURPOSE: 2021 UNITED HEALTH FOUNDATION DONATION TO OKLAHOMA HEART HOSPITAL RESEARCH FOUNDATION | $2,000 |
The Jawad Omair Yasin Foundation Inc Oklahoma City, OK PURPOSE: RESEARCH | $1,500 |
Paul D Austin Family Foundation Tr Oklahoma City, OK PURPOSE: CHARITABLE | $1,000 |
Ahmed Foundation Inc Norman, OK PURPOSE: SUPPORT OF CHARITABLE ORGANIZATION | $1,000 |
Endowment Analysis
| Beg. Balance | $35,831 |
| Earnings | $28 |
| Ending Balance | $35,859 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Can Do Multiple Sclerosis Avon, CO | $2,506,301 | $2,524,184 |
Oklahoma Heart Hospital Research Foundation Oklahoma City, OK | $1,593,414 | $1,143,021 |
Johnsie & Aubary Montgomeryinstitute Of Med Edu & Research Inc Houston, TX | $940,251 | $444,645 |
Oklahoma Heart Research And Education Foundation Tulsa, OK | $380,422 | $410,637 |
Championship Hearts Foundation Austin, TX | $19,949 | $292,532 |
Ep Live Foundation Overland Park, KS | $308,151 | $205,000 |
Kansas City Heartrhytm Research Foundation Overland Park, KS | $544,256 | $350,399 |
Housten Center For Vascular Health Houston, TX | $69,087 | $0 |
Coastal Heart Foundation San Antonio, TX | $117,119 | $8,564 |
Masons Give A Heart Foundation Inc Raymore, MO | $14,419 | $0 |
Cardiopulmonary Research Science and Technology Institute Dallas, TX | $217,260 | $0 |