Founders Of Doctors Hospital Inc
- Assets
- $36.0m
- Revenue
- $1.3m
- Investments
- $6.0m
- Employees
- 1
- Location
- Tulsa, OK
- Founding
- 06/1964
- Data as of
- 09/2023
- EIN
- 73-6105906
Organization Overview
Founders Of Doctors Hospital Inc is located in Tulsa, OK. The organization was established in 1964. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Founders Of Doctors Hospital Inc 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 09/2023, Founders Of Doctors Hospital Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $1.8m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Founders Of Doctors Hospital Inc has awarded 13 individual grants totaling $6,851,886. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT PUBLIC CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT PUBLIC CHARITIES EXEMPT FROM TAX UNDER CODE SECTIONS 501(A)(1) AND 501(A)(2)
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harletta Spencer Treasurer | OfficerTrustee | 5.9 | $37,000 |
Michael G Brennan Trustee | Trustee | 1.88 | $37,000 |
Carolyn Shuey Trustee | Trustee | 4.27 | $37,000 |
Martin Nicholas Vice President | OfficerTrustee | 2.69 | $37,000 |
David Boos Trustee | Trustee | 5.08 | $37,000 |
Barbara West President | OfficerTrustee | 4.42 | $37,000 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $907,681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $373,401 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,281,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $996,329 |
| 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. | $370,000 |
| Compensation of current officers, directors, key employees. | $74,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,262 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,610 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,336 |
| Fees for services: Accounting | $19,074 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $265,057 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,222 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,400 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,710 |
| All other expenses | $0 |
| Total functional expenses | $1,770,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $373,738 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,833 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $29,647,907 |
| Investments—other securities | $5,956,070 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,598 |
| Total assets | $36,018,196 |
| Accounts payable and accrued expenses | $23,951 |
| 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 | $23,951 |
| Net assets without donor restrictions | $35,994,245 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $36,018,196 |
Grants Awarded
Over the last fiscal year, Founders Of Doctors Hospital Inc has awarded $996,329 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS SEE ATTACHED PURPOSE: Various purposes | $457,970 |
OU-TU DEPT OF FAMILY&COMM MED PURPOSE: Support family & community medicine | $538,359 |