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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Grant Thornton Llp Audit Services | 6/29/22 | $103,500 |
Infusion Management Llc Medical Billing Services | 6/29/22 | $19,219,230 |
Aramark Housekeeping Services | 6/29/22 | $562,854 |
Captrust Partners Llc Investment Management Services | 6/29/22 | $108,409 |
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 |
Statement of Expenses | |
---|---|
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 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 | $0 |
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 |
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 | $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 |
Total liabilities and net assets/fund balances | $462,138,183 |
Organization Name | Assets | Revenue |
---|---|---|
Lovelace Biomedical Research Institute Albuquerque, NM | $259,201,284 | $112,131,523 |
Oklahoma Medical Research Foundation Oklahoma City, OK | $499,810,540 | $126,016,814 |
Stowers Institute For Medical Research Kansas City, MO | $209,016,203 | $48,749,381 |
Lovelace Biomedical & Environmental Research Institute Inc Albuquerque, NM | $86,733,655 | $36,706,942 |
Steadman Philippon Research Institute Vail, CO | $15,741,993 | $13,892,440 |
Biomedical Research Foundation Medical Research 151 Little Rock, AR | $1,305,966 | $1,219,275 |
Biomedical Research Foundation Of Colorado Denver, CO | $424,012 | $945 |
Biomedical Research Foundation Houston, TX | $0 | $7,631 |
International Foundation For Biomedical Aging Research Temple, TX | $0 | $0 |