Oklahoma Medical Research Foundation

Organization Overview

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 06/2022, Oklahoma Medical Research Foundation employed 624 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Medical 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 06/2021, Oklahoma Medical Research Foundation generated $126.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $92.3m during the year ending 06/2021. While expenses have increased by 3.4% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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 & CLINICAL IMMUNOLOGY/CLINICAL OPERATIONS - THE NATIONAL INSTITUTES OF HEALTH SELECTED OMRF TO LEAD A NEWLY FUNDED ACCELERATING MEDICINES PARTNERSHIP IN AUTOIMMUNE AND IMMUNE-MEDIATED DISEASES INITIATIVE. THIS NATIONWIDE CONSORTIUM IS FOCUSED ON UNDERSTANDING AND DEVELOPING NEW TREATMENTS FOR LUPUS, RHEUMATOID ARTHRITIS AND OTHER DISEASES OF AUTOIMMUNITY. DR. JUDITH JAMES SERVES AS THE NATIONAL PRINCIPAL INVESTIGATOR FOR THIS NETWORK, WHICH INCLUDES MORE THAN 40 RESEARCH INSTITUTIONS, FIVE NIH INSTITUTES AND CENTERS, AND PARTNERS FROM INDUSTRY AND PATIENT ORGANIZATIONS. IN OCTOBER, DR. JAMES WAS ELECTED TO THE NATIONAL ACADEMY OF MEDICINE, ONE OF THE FIELD'S HIGHEST HONORS.


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.


CARDIOVASCULAR BIOLOGY RESEARCH PROGRAM - WORK IN THIS PROGRAM CAST NEW LIGHT ON THE DEVELOPMENT OF A POORLY UNDERSTOOD ORGAN CALLED THE OMENTUM. SCIENTISTS ALSO MADE NEW INSIGHTS THAT COULD LEAD TO ADVANCES IN WOUND HEALING AND MORE EFFECTIVE TREATMENT STRATEGIES FOR DIABETES AND SEPSIS, WHICH IS THE LEADING KILLER IN U.S. INTENSIVE CARE UNITS. FINALLY, DR. LIJUN XIA FOUND THAT AN EXPERIMENTAL DRUG BEING TESTED TO TREAT A RARE BLOOD DISORDER MAY ALSO BENEFIT PEOPLE WHO HAVE SICKLE CELL DISEASE. "IN OUR PREVIOUS WORK, WE LOOKED AT ONE THERAPEUTIC WORK FOR VASO-OCCLUSIVE CRISES," SAYS OMRF'S DR. ROD MCEVER, WHOSE DISCOVERIES LED TO THE FIRST TREATMENT FOR THE PAIN CRISES THAT ACCOMPANY THE CONDITION. "DR. XIA IS LOOKING AT ANOTHER, AND THIS PROVIDES A STRONG BASIS FOR A CLINICAL TRIAL."


AGING AND METABOLISM RESEARCH PROGRAM - SCIENTISTS IN THIS PROGRAM MADE A RANGE OF DISCOVERIES IN 2022, FROM IDENTIFYING TRAITS IN OVARIAN CANCER CELLS THAT COULD IMPROVE CHEMOTHERAPY TREATMENTS TO INSIGHTS THAT MAY SLOW THE AGING IN THE HEART. ON THE TECHNOLOGY FRONT, THEY INVENTED A NEW METHOD TO MANIPULATE GENETIC CODING AND MADE KEY CONTRIBUTIONS TO A PATENT APPLICATION FOR A DRUG THAT COULD TREAT POST-INJURY OSTEOARTHRITIS PAIN. IN ADDITION, DR. BENJAMIN MILLER DISCOVERED THAT CELLS IN MUSCLE CAN REPLICATE DNA. THIS COUNTERS 40 YEARS OF TEXTBOOK KNOWLEDGE AND OPENS UP AN ALTERNATIVE TO STEM CELL THERAPY, WHICH HAS LARGELY PROVEN UNSUCCESSFUL AS A TREATMENT FOR DAMAGED MUSCLES.


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Board, Officers & Key Employees

Name (title)Compensation
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Board Member
$0
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$0
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$0
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$0
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$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Grant Thornton Llp
Audit Services
$103,500
Infusion Management Llc
Medical Billing Services
$19,219,230
Aramark
Housekeeping Services
$562,854
Captrust Partners Llc
Investment Management Services
$108,409
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$91,435,276
Investment income $6,814,512
Tax Exempt Bond Proceeds $61,618
Royalties $3,943,466
Net Rental Income $400,281
Net Gain/Loss on Asset Sales -$2,457,817
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $126,016,814

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