Oklahoma Osteopathic Association
- Assets
- $839.4k
- Revenue
- $926.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Oklahoma City, OK
- Founding
- 01/1946
- Data as of
- 10/2023
- EIN
- 73-0757525
Organization Overview
Oklahoma Osteopathic Association is located in Oklahoma City, OK. The organization was established in 1946. According to its NTEE Classification (G90) the organization is classified as: Medical Disciplines, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 10/2023, Oklahoma Osteopathic Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Osteopathic Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 10/2023, Oklahoma Osteopathic Association generated $926.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $1.0m during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 8 years. 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
OPERATION OF A STATE MEDICAL ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF STATE MEDICAL ASSOCIATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda G Fosterdo Trustee | Trustee | 1 | $0 |
Jeanette M Kelley DO Trustee | Trustee | 1 | $0 |
Mark Keuchel DO Trustee | Trustee | 1 | $0 |
Mark D Callery DO Trustee | Trustee | 1 | $0 |
Teresa Hardesty DO Trustee | Trustee | 1 | $0 |
Kalli J Reimer DO Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $459,110 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $459,110 |
| Total Program Service Revenue | $394,484 |
| Investment income | $22,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,461 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $925,990 |
| 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. | $110,853 |
| Compensation of current officers, directors, key employees. | $110,853 |
| Compensation to disqualified persons | $159,139 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $43,370 |
| Other employee benefits | $0 |
| Payroll taxes | $58,443 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,270 |
| Fees for services: Lobbying | $78,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,043 |
| Information technology | $16,433 |
| Royalties | $0 |
| Occupancy | $97,468 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $210,684 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $65,333 |
| All other expenses | $118,219 |
| Total functional expenses | $1,005,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,732 |
| Savings and temporary cash investments | $543,310 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $4,371 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $839,413 |
| Accounts payable and accrued expenses | $4,206 |
| Grants payable | $0 |
| Deferred revenue | $249,000 |
| 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 | $253,206 |
| Net assets without donor restrictions | $586,207 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $839,413 |