Wm L Wetzel Memorial Osteopathic Educational & Research Foundation
- Assets
- $2.9m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Jefferson City, MO
- Founding
- 10/1977
- Data as of
- 09/2023
- EIN
- 43-1095141
Organization Overview
Wm L Wetzel Memorial Osteopathic Educational & Research Foundation is located in Jefferson City, MO. The organization was established in 1977. According to its NTEE Classification (H19) the organization is classified as: Support N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wm L Wetzel Memorial Osteopathic Educational & 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 09/2023, Wm L Wetzel Memorial Osteopathic Educational & Research Foundation generated $1.0m 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 (8.5%) each year. All expenses for the organization totaled $1.1m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL ASSISTANCE TO OSTEOPATHIC PHYSICIANS AND STUDENTS. THE FOUNDATION PROMOTES RESEARCH, PROVIDES CONTINUING MEDICAL EDUCATION FOR OSTEOPATHIC PHYSICIANS, AND IS AN ACCREDITED AMERICAN OSTEOPATHIC ASSOCIATION AND ACCREDITATION COUNCIL FOR CONTINUING MEDICAL EDUCATION SPONSOR FOR CONTINUING MEDICAL EDUCATION PROGRAMS. SCHOLARSHIPS ARE AWARDED TO STUDENTS AT MISSOURI OSTEOPATHIC COLLEGES AND OSTEOPATHIC POST-GRADUATE PHYSICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - TO PROVIDE EDUCATIONAL RESOURCES AND OPPORTUNITIES, TIMELY AND RELEVANT INFORMATION, EXPERTISE AND SERVICE TO ITS MEMBERS.
ADVANCING AND PROTECTING OSTEOPATHIC MEDICINE THROUGH ADVOCACY ACTIVITIES AT THE LOCAL, STATE AND NATIONAL LEVELS WITH REGULATORY AND LEGISLATIVE ENTITIES.
PROMOTION - TO INCREASE AWARENESS OF OSTEOPATHIC MEDICINE AMONG THE PUBLIC AND PROFESSION, WHILE IMPORVING MEMBER AWARENESS OF THE ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Bowles Executive Dir. | Officer | 1 | $0 |
Michael Brown DO Trustee | Trustee | 1 | $0 |
Chris Paynter DO President Elect | OfficerTrustee | 2 | $0 |
Ken Heiles DO Trustee | Trustee | 1 | $0 |
Victoria Damba DO President | OfficerTrustee | 2 | $0 |
Elisa Vinyard DO Past President | OfficerTrustee | 2 | $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 | $98,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,700 |
| Total Program Service Revenue | $768,545 |
| Investment income | $92,514 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,897 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,012,046 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $12,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $450,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,588 |
| Information technology | $7,369 |
| 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 | $499,212 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,984 |
| Insurance | $0 |
| All other expenses | $11,549 |
| Total functional expenses | $1,089,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,408 |
| Savings and temporary cash investments | $431,809 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,297 |
| 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 | $0 |
| Net Land, buildings, and equipment | $106,148 |
| Investments—publicly traded securities | $2,299,666 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,810 |
| Total assets | $2,887,138 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,495,923 |
| Net assets with donor restrictions | $391,215 |
| 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 | $2,887,138 |
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|---|---|---|
Center Industries Company Inc Wichita, KS | $208,537 | $5,720,659 |
Wm L Wetzel Memorial Osteopathic Educational & Research Foundation Jefferson City, MO | $2,887,138 | $1,012,046 |
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