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 06/2021, Oklahoma Medical Research Foundation employed 576 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 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $92.3m during the year ending 06/2021. While expenses have increased by 4.0% per year over the past 6 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T 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:
ARTHRITIS & CLINICAL IMMUNOLOGY/CLINICAL OPERATIONS - THE NATIONAL INSTITUTES OF HEALTH NAMED OMRF ONE OF THE LEAD SITES FOR A NATIONWIDE COVID-19 VACCINE CLINICAL TRIAL. THE STUDY ASSESSED THE ANTIBODY RESPONSE TO BOOSTER SHOTS IN PEOPLE WITH AUTOIMMUNE DISEASES WHO DIDN'T MOUNT STRONG IMMUNE RESPONSES TO INITIAL VACCINATION. "WE'RE CONCERNED ABOUT PEOPLE WITH AUTOIMMUNE CONDITIONS BECAUSE THEY ARE MORE LIKELY TO HAVE BREAKTHROUGH EPISODES OF COVID EVEN WHEN FULLY VACCINATED," SAID DR. JUDITH JAMES, WHO LED THE TRIAL AT OMRF. THE STUDY EXAMINED WHETHER GIVING VOLUNTEERS A BOOSTER WOULD ELICIT A STRONGER ANTIBODY RESPONSE WITHOUT FLARING THEIR UNDERLYING DISEASE. THE TRIAL ENROLLED PEOPLE WITH CONDITIONS THAT INCLUDE MULTIPLE SCLEROSIS, RHEUMATOID ARTHRITIS AND LUPUS.
CARDIOVASCULAR BIOLOGY RESEARCH PROGRAM - WITH A MAJOR NEW MENTORING GRANT FROM THE NIH, OMRF WILL PROVIDE FIVE YEARS OF FUNDING FOR FIVE JUNIOR SCIENTISTS, WHO WILL EACH STUDY VARIOUS ASPECTS OF CELLULAR METABOLISM. "CELLULAR METABOLISM IS THE SUM OF ALL CHEMICAL CHANGES THAT TAKE PLACE IN CELLS. WHEN IT IS ALTERED, IT CONTRIBUTES TO THE ORIGIN OF MANY COMMON DISEASES," SAID DR. LIJUN XIA, PRINCIPAL INVESTIGATOR ON THE GRANT. HE WILL SERVE AS THE LEAD SCIENTIFIC MENTOR FOR THE RESEARCHERS, WHO JOINED OMRF FOLLOWING POST-DOCTORAL FELLOWSHIPS AT YALE UNIVERSITY, THE UNIVERSITY OF UTAH, SEATTLE CHILDREN'S RESEARCH INSTITUTE, THE UNIVERSITY OF WASHINGTON, AND THE LA JOLLA INSTITUTE FOR IMMUNOLOGY.
AGING AND METABOLISM RESEARCH PROGRAM - DR. MICHAEL BECKSTEAD RECEIVED A GRANT FROM THE NATIONAL INSTITUTE ON AGING TO INVESTIGATE A POSSIBLE CONNECTION BETWEEN ALZHEIMER'S DISEASE AND DOPAMINE, A CHEMICAL RESPONSIBLE FOR VOLUNTARY MOVEMENT AND THE PERCEPTION OF REWARD IN THE BRAIN. BECKSTEAD STUDIES WHAT CAN HAPPEN WHEN THINGS GO WRONG WITH DOPAMINE NEURONS, RANGING FROM PARKINSON'S DISEASE (TOO LITTLE) TO DRUG ADDICTION (TOO MUCH). "ALTHOUGH DOPAMINE HAS NEVER BEEN STUDIED IN CONTEXT WITH ALZHEIMER'S, WE HAVE A LOT OF EVIDENCE TO SUGGEST THAT IT'S INVOLVED, ESPECIALLY IN THE INITIAL STAGES OF DISEASE," HE SAID.
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Board Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Infusion Management Llc Medical Billing Services | 6/29/21 | $19,937,643 |
Grant Thornton Llp Audit Services | 6/29/21 | $104,500 |
Ellwood Associates Investment Management Services | 6/29/21 | $100,761 |
Aramark Housekeeping Services | 6/29/21 | $468,415 |
Statement of Revenue | |
---|---|
Federated campaigns | $112,705 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $33,263,646 |
All other contributions, gifts, grants, and similar amounts not included above | $58,058,925 |
Noncash contributions included in lines 1a–1f | $582,357 |
Total Revenue from Contributions, Gifts, Grants & Similar | $91,435,276 |
Total Program Service Revenue | $24,073,794 |
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 |
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. | $3,770,123 |
Compensation of current officers, directors, key employees. | $496,330 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $27,747,953 |
Pension plan accruals and contributions | $2,265,596 |
Other employee benefits | $4,874,562 |
Payroll taxes | $2,092,652 |
Fees for services: Management | $0 |
Fees for services: Legal | $201,900 |
Fees for services: Accounting | $128,500 |
Fees for services: Lobbying | $55,583 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,270,876 |
Advertising and promotion | $0 |
Office expenses | $574,281 |
Information technology | $1,221,456 |
Royalties | $0 |
Occupancy | $3,985,073 |
Travel | $128,196 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $48,727 |
Interest | $617,145 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,912,192 |
Insurance | $271,682 |
All other expenses | $1,912,343 |
Total functional expenses | $92,338,587 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,640 |
Savings and temporary cash investments | $13,461,294 |
Pledges and grants receivable | $12,076,179 |
Accounts receivable, net | $7,010,620 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $11,361 |
Prepaid expenses and deferred charges | $596,373 |
Net Land, buildings, and equipment | $91,167,104 |
Investments—publicly traded securities | $153,961,065 |
Investments—other securities | $27,928,033 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $193,594,871 |
Total assets | $499,810,540 |
Accounts payable and accrued expenses | $10,463,099 |
Grants payable | $0 |
Deferred revenue | $1,350,878 |
Tax-exempt bond liabilities | $16,885,000 |
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 | $8,973,380 |
Total liabilities | $37,672,357 |
Net assets without donor restrictions | $146,514,111 |
Net assets with donor restrictions | $315,624,072 |
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 | $499,810,540 |
Over the last fiscal year, we have identified 2 grants that Oklahoma Medical Research Foundation has recieved totaling $51,000.
Awarding Organization | Amount |
---|---|
Jim And Norma Freeman Foundation Oklahoma City, OK PURPOSE: FUND MEDICAL RESEARCH | $50,000 |
Perry Family Foundation Inc Pensacola, FL PURPOSE: OPERATING EXPENSES | $1,000 |
Beg. Balance | $116,281,093 |
Earnings | $39,164,262 |
Net Contributions | $18,987,421 |
Other Expense | $4,800,000 |
Ending Balance | $169,632,776 |
Organization Name | Assets | Revenue |
---|---|---|
Oklahoma Medical Research Foundation Oklahoma City, OK | $499,810,540 | $126,016,814 |
Stowers Institute For Medical Research Kansas City, MO | $238,524,295 | $116,367,619 |
Lovelace Biomedical Research Institute Albuquerque, NM | $189,542,168 | $89,255,628 |
Lovelace Biomedical & Environmental Research Institute Inc Albuquerque, NM | $86,733,655 | $36,706,942 |
Steadman Philippon Research Institute Vail, CO | $14,955,351 | $15,214,073 |
Biomedical Research Foundation Medical Research 151 Little Rock, AR | $1,354,663 | $1,760,299 |
Biomedical Research Foundation Of Colorado Denver, CO | $460,412 | $2,129 |
Biomedical Research Foundation Houston, TX | $279,298 | $7,631 |
International Foundation For Biomedical Aging Research Temple, TX | $532 | $280 |