Presbyterian Health Foundation
- Assets
- $187.0m
- Revenue
- $11.4m
- Investments
- $148.6m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 08/1964
- Data as of
- 09/2022
- EIN
- 73-0709836
Organization Overview
Presbyterian Health Foundation is located in Oklahoma City, OK. The organization was established in 1964. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Health 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 09/2022, Presbyterian Health Foundation generated $11.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $12.2m during the year ending 09/2022. While expenses have increased by 1.3% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH PARK: THE FOUNDATION MAINTAINS A FACILITY RENTED IN SUPPORT OF MEDICAL RESEARCH START-UP ORGANIZATIONS AT OKLAHOMA HEALTH CENTER IN OKLAHOMA CITY
CHAPARRAL TOWNHOMES: 2030 LLC, A WHOLLY-OWNED SUBSIDAIRY OF THE FOUNDATION MAINTAINS A LOW-INCOME HOUSING (HUD) APARTMENT COMPLEX NEAR OKLAHOMA HEALTH CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Edwards Director | 1 | $0 | |
Tom Gray III Chairman | 1 | $0 | |
Rick Mccune President | 40 | $150,000 | |
Michael Joseph Director | 1 | $0 | |
David Rainbolt Director | 1 | $0 | |
Jerry Vannatta M D Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of Oklahoma Foundation | 9/29/23 | $307,718 |
Vanguard | 9/29/23 | $73,822 |
Forvis Llp | 9/29/23 | $86,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,517,607 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,964,127 |
| Capital Gain Net Income | $3,018,725 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,948,150 |
| Total Revenue | $11,429,884 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $262,249 |
| Other employee salaries and wages | $187,783 |
| Pension plans, employee benefits | $137,614 |
| Interest | $0 |
| Taxes | $318,767 |
| Depreciation | $923,055 |
| Occupancy | $721,741 |
| Travel, conferences, and meetings | $11,887 |
| Printing and publications | $3,984 |
| Other expenses | $547,433 |
| Total operating and administrative expenses | $3,657,988 |
| Contributions, gifts, grants paid | $8,534,342 |
| Total expenses and disbursements | $12,192,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,152,912 |
| Net Accounts receivable | $47,712 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $128,724 |
| Net Investments - land, buildings, equipment | $7,184,056 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $24,839,869 |
| Total assets | $186,986,291 |
| Accounts payable and accrued expenses | $136,609 |
| Grants payable | $3,426,156 |
| Deferred revenue | $57,090 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,619,855 |